Summary
Conclusion
the dossier summarised in one paragraphThe 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 1225 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 4 annual accounts.
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 11 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-07-2025, 5 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 4 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 26-07-2025 | 5 d early | 2025-00318245 |
| 31-12-2023 | 31-07-2024 | 23-07-2024 | 8 d early | 2024-00283501 |
| 31-12-2022 | 31-07-2023 | 26-07-2023 | 5 d early | 2023-00280043 |
| 31-12-2021 | 31-07-2022 | 26-07-2022 | 5 d early | 2022-20233051 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsMore than 3 years active
Founded in 2020, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone1.7%
Moderate
0%0,5%1,5%4%10%≥25%
Young company
+Higher-failure-rate sector
+Lower-risk legal form
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-29k
Working capital€633k+0.2%
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 26-07-2025 with the NBB · fiscal year 2024 · verkort
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Gross margin: declining trend of ~14.7%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
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).
Sector comparison
Fiscal year 2024 · NACE 47, Retail trade · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 25.6% | 20.4% | |
| Net result | €-29k | €26k | |
| Equity | €522k | €142k | |
| Gross operating margin | €244k | €217k | |
| Staff costs | €163k | €163k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P56
Stable position over 2021-2024
· n=677-1225
P16
Weakening position over 2021-2024
· n=675-1224
P81
Stable position over 2021-2024
· n=677-1225
P53
Weakening position over 2021-2024
· n=675-1223
Describes the position versus peers, not a forecast.
€73k
-42.6%
21-24
€-29k
-
21-24
€53k
-46.0%
21-24
€2.03M
-2.1%
21-24
€522k
-5.3%
21-24
€633k
+0.2%
21-24
2
0.0%
21-24
€163k
+3.1%
21-24
€0
-100.0%
21-24
€1.51M
-0.9%
21-24
€1.16M
+2.8%
21-24
€342k
-8.7%
21-24
1.54
-0.9%
21-24
0.20
+130.6%
21-24
25.6%
-3.3%
21-24
2.90
+4.7%
21-24
-5.6%
-
21-24
-1.4%
-
21-24
2.09
-45.0%
21-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | verkort |
| 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 |
Ratios (computed)
| 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) | - |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| 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 |
You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed45
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Directors
Directors & mandates
2 directorsCurrent directors & mandates
-
Mario Ruysschaert bvLegal entityDirector· perm. rep.: Mario RuysschaertState Gazette act 23166829 (28-12-2023)Current01-01-2023 → present
Former directors (1)
-
Ruysschaert JannesDirectorState Gazette act 23166829 (28-12-2023)Former- → 01-01-2023
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Detailhandel in fietsen(47632) |
| Legal form | Public limited company(014) |
| Incorporation | 22-12-2020 |
| Status | Active |
| Postal code | 8540 |
Structure & network
Locations & real estate
Establishment units
1 locationMega-Cycle / MC Bikes
since 20202.311.686.479
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area2,103 m²
Buildings1
Building footprint1,295 m²
Volume (LiDAR)4,784 m³
Tallest building7.6 m · ±1 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels 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.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34009B1044/00T000 | Flanders | 2,103 m² | 1 · 1,295 m² | 7.6 m · 1 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
1 acts All acts · 1
updated 2 years ago
2023
28-12-2023 1 director appointed, 1 resigning
- Mario Ruysschaert, Bestuurder
- Ruysschaert Jannes, Bestuurder
Analysis
Snowflake analysis
financial profile on 5 axes48
/ 100
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
45
Profitability
0
Solvency
51
Growth
52
Stability
94
Ask AI about this company
Checked AISoon: ask questions about this dossier, risks, curator, sector comparison, answered from the official data on this page.
TryWhat are the main risks?Any recent red flags?Compare to sector peers
Coming soonAI due-diligence brief
Checked AIGenerate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Credit advice
verdict per customer and amountSimilar
Similar companies
Same sector, ranked by comparable sizeCompany registry
Company registry (CBE)
Crossroads BankActivities
Detailhandel in fietsen47632Detailhandel in fietsen in gespecialiseerde winkels47785Handelsbemiddeling in goederen, algemeen assortiment46190Handelsbemiddeling in de niet-gespecialiseerde groothandel46190Overige niet-gespecialiseerde detailhandel47120Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires in gespecialiseerde winkels (algemeen assortiment)47716Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)47716Detailhandel via postorderbedrijven of via internet47910Reparatie van andere consumentenartikelen95290Reparatie en onderhoud van consumentenartikelen, neg95290
Primary activity highlighted.
Names & trade names
| Legal nameNL | Mega-Cycle |
| AbbreviationNL | MC Bikes |
Registered office
Vichtesteenweg 169
8540 Deerlijk, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.