Losses
-€5.8m in four years
Every financial year from 2022 to 2025 closed with a loss. 2024 was the heaviest.
LUCIEN BIKE
Lifetime
7 annual accounts with figures on one time axispeak €44.5m (2025)
€44.5m▲ 222%
lowest -€2.7m (2024)
-€1.7m▲ €1.0m
peak €8.7m (2022)
€5.3m▼ 24.5%
€35.3m▲ 84.0%
peak 69.5 FTE (2025)
69.5 FTE▲ 17.2%
Board12 names since 2018
6 directorsDOUMIT Pierre and 5 others
Owners2 names in the annual accounts
100%D'Ieteren Automotive SA/NV and 1 other
Documentsfilings and deeds
04-06-202657 days before the deadline
2025financial year
Turnover from €13.8m to €44.5mLoss of €1.7mStaff from 59.3 FTE to 69.5 FTEMerger proposal: Lucien Bike takes over Plum-Gent 24-11Merger proposal: LUCIEN BIKE takes over iBike 18-11Merger: Lucien Bike takes over De Fietsgarage 24-01
Key points
from the 2025 annual accountsTurnover
€44.5m ▲ 222%
Turnover rose in 2025: merger with De Fietsgarage.
Debts
€35.3m 87% of the balance sheet
Financial debts 83%Suppliers 10%Taxes and wages 5%Other 2%
Of this, €35.1m falls due within a year.
Investments
€6.1m 6.6 × depreciation
Green is investment, beige is depreciation. Machinery stands 40.3% higher than in 2024.
Staff
80 employees on 31-12-2025
In 2025, 48 people joined and 31 left. On top of that, 2.9 agency workers worked there on average.
Restructuring
8
8 restructurings since 2024. Latest: merger with iBike.
Checked score
63
Healthy
Financially stronger than 26% of medium-sized companies in retail trade (NACE 47)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 385 companies (NACE 47, medium-sized).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.5%
01-2025: 1.5%● unchanged vs 12-2024
02-2025: 1.5%● unchanged vs 01-2025
03-2025: 1.4%▼ -0.1 percentage points vs 02-2025
04-2025: 1.5%▲ +0.1 percentage points vs 03-2025
05-2025: 1.5%● unchanged vs 04-2025
06-2025: 1.6%▲ +0.1 percentage points vs 05-2025
07-2025: 1.8%▲ +0.2 percentage points vs 06-2025highest value
08-2025: 1.8%● unchanged vs 07-2025highest value
09-2025: 1.8%● unchanged vs 08-2025highest value
10-2025: 1.5%▼ -0.3 percentage points vs 09-2025
11-2025: 1.5%● unchanged vs 10-2025
12-2025: 1.5%● unchanged vs 11-2025
01-2026: 1.5%● unchanged vs 12-2025
02-2026: 1.5%● unchanged vs 01-2026
03-2026: 1.5%● unchanged vs 02-2026
04-2026: 1.6%▲ +0.1 percentage points vs 03-2026
05-2026: 1.6%● unchanged vs 04-2026
06-2026: 1.6%● unchanged vs 05-2026
07-2026: 1.4%▼ -0.2 percentage points vs 06-2026
08-2026: 1.4%● unchanged vs 07-2026lowest value
09-2026: 1.4%● unchanged vs 08-2026lowest value
10-2026: 1.4%● unchanged vs 09-2026lowest value
11-2026: 1.4%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.65, cash €189,730
Equity €5.3m (13.0% of total assets)
Loss of €1.7m, the second in a row (financial year 2025)
Sector: Retail trade (NACE 47)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, medium-sized). It does better than 30% of them on solvency, 6% on liquidity, 10% on profitability and 58% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 618 companies had the same profile as LUCIEN BIKE has now. Each dot stands for 2 companies, two years later.
96.8%
were still trading
2.4%
stopped another way
0.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of LUCIEN BIKE itself is higher: 1.4% within 12 months. It rests on far more data about LUCIEN BIKE than the profile alone.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 618 companies, not a prediction for LUCIEN BIKE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €330,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.65 (0.74 in 2024), below 1. Short-term debt is 86.5% and cash 0.5% of total assets. 87% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
raises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€1.7m
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 5070 sector peers (2025).
NBB · sector comparisonPosition among 5070 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-06-2026, 57 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
57 days early
2024
49 days early
2023
34 days early
2022
4 days late
2021
24 days early
2020
18 days early
2019
5 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 25 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
KR
KPMG Réviseurs d'Entrerprises SRL
Auditor
- D'Ieteren Automotive SA/NV 100%score 83equity €334.6m (2025) · annual accounts 2025
Shares in 4 companies, including DAAN FIETSEN and IBIKE
Board & ownershipRecent changes
Environmental permit granted
Wijzigen van een publiciteitsinrichting · Schoten
Environmental permit granted
Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning), Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Antwerpen
2 establishments registered
Leuven and Schaerbeek
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LUCIEN BIKE Ixelles | €44.5m | -2.3% | 13.0% | 69.5 |
| COWBOY Brussels | €21.7m | -98.0% | -244.6% | 57 |
| Bike Republic Ghent | €56.4m | -3.7% | -2.6% | 37.3 |
| o2o Ghent | €169.3m | 7.5% | 11.6% | 69.5 |
| CYCLOBILITY Kluisbergen | - | - | 14.4% | 53 |
| VAN EYCK SPORT Aalst | €23.2m | 4.0% | 75.2% | 51.5 |
| VELODÔME Antwerp | €14.0m | 1.0% | 11.6% | 33.1 |
Grey: the largest companies of the sector (retail trade (NACE 47)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as LUCIEN BIKE: retail sale of bicycles (NACE 47632). They are comparable in size and age: total assets between €7.1m and €149m, founded between 1985 and 2017.
Official details
Source: KBO- Status
- Active since 21-12-2018Normal situation
- Registered office
- 53 active companies are registered at this addressSource: KBO register, as of 11 November 2026.
- Activity
- Retail sale of bicyclesNACE 47632and 1 other
- Joint committees
- 200Auxiliary committee for white-collar workers
- 149.04Metal trade · annual accounts 2025
- Establishment units
- 2.284.029.6031060 Sint-Gillis (bij-Brussel), since 01-01-2019
- 2.343.100.5241140 Evere, since 06-01-2023and 23 others
- Financial year end
- 31 December
- Peppol
- Reachable since 18-12-2025
Annual accounts 2025
- €40.6m▲ 54.4%
- Employeeson 31-12-2025
- 80▲ 27.0%
- Filing
- Filed on 04-06-2026, 57 days before the end of the filing period
Companies linked to LUCIEN BIKE
Parent and group
Subsidiaries and holdings
- KING+100%
- PLUM - GENT100%
Insights on LUCIEN BIKE
LUCIEN BIKE has existed since 2018. The present size dates from 2025. Turnover rose that year from €13.8m to €44.5m. In 2025 15 sites were added.
Turnover has grown every year since 2021. Solvency fell in 2025 from 26.6% to 13.0% because of the loss.
D'Ieteren Automotive SA/NV holds all the shares. In May 2023, the Official Gazette published the appointment of MAJUBA as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about LUCIEN BIKE
- What is the company number of LUCIEN BIKE?
- The company number of LUCIEN BIKE is 0716.788.428. The VAT number is the same number with BE in front: BE 0716.788.428.
- Where is LUCIEN BIKE based?
- The registered office is at Maliestraat 50, 1050 Ixelles.Company details
- What does LUCIEN BIKE do?
- According to the KBO register, the main activity is retail sale of bicycles (NACE 47632).
- What is the legal form of LUCIEN BIKE?
- LUCIEN BIKE is a public limited company (NV).
- When was LUCIEN BIKE founded?
- LUCIEN BIKE was founded on 21-12-2018.
- Is LUCIEN BIKE still active?
- Yes, LUCIEN BIKE is an active enterprise in the KBO register.
- How many employees does LUCIEN BIKE have?
- LUCIEN BIKE had an average of 69.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does LUCIEN BIKE fall under?
- In its 2025 annual accounts, LUCIEN BIKE states joint committees 200 (Auxiliary committee for white-collar workers) and 149.04 (Metal trade).
- What is the turnover of LUCIEN BIKE?
- The turnover of LUCIEN BIKE was €44.5m in financial year 2025, according to the filed annual accounts.
- Is LUCIEN BIKE profitable?
- In financial year 2025, LUCIEN BIKE made a loss of €1.7m.
- Where can I find the annual accounts of LUCIEN BIKE?
- LUCIEN BIKE filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LUCIEN BIKE due?
- LUCIEN BIKE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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