Mega-Cycle
The computed 12-month bankruptcy probability of Mega-Cycle is 1.7% (moderate). The 2024 annual accounts show equity of €522k and a net result of €-29k. Equity is growing by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 56% of 1214 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €522k |
| Net result | €-29k |
| Staff (FTE) | 2.1 |
| Better than sector | 56% |
Mixed profile: strong on stability, weaker on profitability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 25.6% | 20.3% | |
| Net result | €-29k | €26k | |
| Equity | €522k | €142k | |
| Gross operating margin | €244k | €217k | |
| Staff costs | €163k | €164k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €73k |
| Net profit | €-29k |
| Cash flow | €53k |
| Staff costs | €163k |
| Income taxes | €0 |
| Dividends | - |
| Total assets | €2.03M |
| Equity | €522k |
| Debt | €1.51M |
| of which ≤ 1y | €1.16M |
| of which > 1y | €342k |
| Working capital | €633k |
| Employees (FTE) | 2.1 |
| 2024 | |
|---|---|
| Current ratio | 1.54 |
| Quick ratio | 0.20 |
| Working capital ratio | 31.1% |
| Solvency | 25.6% |
| Debt / equity | 2.90 |
| Long-term debt ratio | 0.66 |
| Interest coverage | 2.09 |
| Gross margin | - |
| Net margin | - |
| ROA | -1.4% |
| ROE | -5.6% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €2.03M |
| Fixed assets | 21/28 | €235k |
| Intangible fixed assets | 21 | €189k |
| Tangible fixed assets | 22/27 | €47k |
| Current assets | 29/58 | €1.80M |
| Stocks & contracts in progress | 3 | €1.56M |
| Amounts receivable within one year | 40/41 | €91k |
| Cash & bank | 54/58 | €141k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.03M |
| Equity | 10/15 | €522k |
| Contributions / capital | 10/11 | €240k |
| Reserves | 13 | €279k |
| Accumulated profits (losses) | 14 | €3k |
| Amounts payable | 17/49 | €1.51M |
| Amounts payable after one year | 17 | €342k |
| Amounts payable within one year | 42/48 | €1.16M |
| Trade debts payable within one year | 44 | €283k |
| Income statement | ||
| Gross operating margin | 9900 | €244k |
| Operating result | 9901 | €-9k |
| Financial income | 75 | €15k |
| Financial charges | 65 | €35k |
| Result before taxes | 9903 | €-29k |
| Income taxes | 67/77 | €0 |
| Net result for the period | 9904 | €-29k |
| Result to be appropriated | 9905 | €-29k |
| NACE primary | Retail trade(47632) |
| Legal form | Public limited company(014) |
| Incorporation | 22-12-2020 |
| Status | Active |
| Postal code | 8540 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34009B1044/00T000 | Flanders | 2,103 m² | 1 · 1,295 m² | 7.6 m · 1 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
28-12-2023 1 director appointed, 1 resigning
- Mario Ruysschaert, Bestuurder
- Ruysschaert Jannes, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Ruysschaert Jannes",
"address": "7750 Orroir, Chemin du Renard 12",
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": "2023-01-01",
"evidence_quote": "Het ontslag van bestuurder Ruysschaert Jannes wonende te 7750 Orroir, Chemin du Renard 12. Dit ontslag heeft gevolg met ingang van 01/01/2023",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": "immediate"
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Mario Ruysschaert",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": {
"kbo": "0844.229.996",
"name": "Mario Ruysschaert bv",
"address": "8580 Avelgem, De Ronde 23",
"country": "BE",
"legal_form": "BV"
},
"statutory": null,
"compensated": null,
"effective_date": "2023-01-01",
"evidence_quote": "De benoeming tot bestuurder van Mario Ruysschaert bv met zetel te 8580 Avelgem, De Ronde 23 met ondernemingsnummer 0844.229.996, vast vertegenwoordigd door Ruysschaert Jannes, wonende te 7750 Orroir, Chemin du Renard 12. Deze benoeming gaat in op 01/01/2023 en geldt tot vlak na de Algemene vergaderi",
"decharge_status": null,
"mandate_duration": {
"kind": "until_agm_year",
"value": "2027"
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": "immediate"
},
{
"kind": "decharge_granted",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Ruysschaert Jannes",
"address": "7750 Orroir, Chemin du Renard 12",
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "",
"decharge_status": "granted",
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "decharge_granted",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Mario Ruysschaert",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": {
"kbo": "0844.229.996",
"name": "Mario Ruysschaert bv",
"address": "8580 Avelgem, De Ronde 23",
"country": "BE",
"legal_form": "BV"
},
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "",
"decharge_status": "granted",
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2023-12-28",
"filing_date": "2023-12-15",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "bijzondere_algemene_vergadering",
"date": "2023-01-02",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0760.400.321",
"name_full": "Mega-Cycle",
"legal_form": "NV"
},
"publication_proxy": {
"kind": "org",
"org_kbo": null,
"org_name": "B\u0026A bv vv Geert Crapp\u00E9",
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [],
"corrected_publication_numac": null
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | Mega-Cycle |
| AbbreviationNL | MC Bikes |