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MILCYCLE

Active
Private limited companyfounded 200224 yrs activeChaussée de Bruxelles 72, 1410 Waterloo, BelgiumKBO/BCE: BE 0477.428.654
Summary

MILCYCLE has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €278,184 and a net result of €21,267. Equity is growing by ~11.5% per year across the filed fiscal years. Its solvency ranks better than 24% of 12331 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysisWatch ReportCompare
MILCYCLEActiveChecked score 83/100
Risk analysis ReportCompare

Overview

Activity
Retail sale of bicycles
NACE 47632NACE 47785NACE 52492
1 site
Size
€1.9mtotal assets 2025
Staff
3.8 FTE
Equity
€278,184
Profit
€21,267
Financial health
83 Excellent Checked score 2025
Bankruptcy chance 12 m
0.4%
Structure
Accounts 22 d early0 of 3 deeds read
Why 83- Equity €278,184 (14.3% of total assets)- 1 of the last 3 late+ Founded in 2002+ Liquidity: current ratio 3.48, cash €327,522Show the evidence

Checked score

Score 2025
83 / 100
Excellent
Probability in this band: under 0.55%
Better than 48% of its sector peers (NACE 47, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 39+1
equity 14.3% of total assets
Liquidity 68-1
short-term debt 15.4% · cash 16.8%
Profitability 41-39
return on assets 1.1%
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,156 companies)
Last 24 months 11-2024: 0.1%lowest value 12-2024: 0.1%● 0.0% vs 11-2024lowest value 01-2025: 0.1%● 0.0% vs 12-2024lowest value 02-2025: 0.1%● 0.0% vs 01-2025lowest value 03-2025: 0.1%● 0.0% vs 02-2025lowest value 04-2025: 0.1%▲ +10.0% vs 03-2025 05-2025: 0.1%▲ +6.4% vs 04-2025 06-2025: 0.1%▲ +6.8% vs 05-2025 07-2025: 0.2%▲ +44.0% vs 06-2025 08-2025: 0.4%▲ +101% vs 07-2025 09-2025: 0.3%▼ -20.2% vs 08-2025 10-2025: 0.4%▲ +39.1% vs 09-2025 11-2025: 0.4%● 0.0% vs 10-2025 12-2025: 0.4%● 0.0% vs 11-2025 01-2026: 0.4%▼ -0.5% vs 12-2025 02-2026: 0.4%▲ +2.0% vs 01-2026 03-2026: 0.4%▼ -2.0% vs 02-2026 04-2026: 0.4%▼ -1.0% vs 03-2026 05-2026: 0.4%▼ -0.8% vs 04-2026 06-2026: 0.4%▲ +2.5% vs 05-2026 07-2026: 0.4%▲ +8.2% vs 06-2026highest value 08-2026: 0.4%▼ -5.5% vs 07-2026 09-2026: 0.4%● 0.0% vs 08-2026 10-2026: 0.4%● 0.0% vs 09-2026
  • Equity €278,184 (14.3% of total assets) raises the probability
  • Founded in 2002 lowers the probability for this profile
  • Liquidity: current ratio 3.48, cash €327,522 lowers the probability
  • 1 of the last 3 late raises the probability
Credit up to €23,000 at 30 days acceptable
Liquidity ample (current ratio 3.48 against 3.52 in 2024; short-term debt: 15.4% and cash: 16.8% of total assets), but 85.7% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, micro). Better than this share of them on solvency 30%, liquidity 74%, profitability 30%, growth against the median 58%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Equity €278,184 (14.3% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 2002
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Liquidity: current ratio 3.48, cash €327,522
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · 1 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 12331 sector peers (2025).
NBB · sector comparison
Position among 12331 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 09-07-2026, 22 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
22 d early
2024
12 d late
2023
on the day
2022
20 d early
2021
30 d late
2020
41 d late
2019
33 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 11 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 1 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Weakest financial yearnet €21,267 ▼88.1%
  3. Annual accounts filedfiscal year 2024 · abbreviated…

Key points

  • Caution: Result fell in 2025from €178,449 to €21,267 ▼ 88.1% View
  • Positive: 8 profitable years in a rowprofit 2025: €21,267 8 years View
  • Total assets 20256 fiscal years filed €1.9m View

By topic

Financials

Fiscal year
2025
Total assets
€1.9m
Profit
€21,267
Solvency
14.3%
Total assets▼ 5.1%
Net result
20182025
Go to Financials

Timeline

Events
13
Since
2018
Next accounts
by 31-07-2027
  1. 09-07-2026Annual accounts filed
  2. 31-12-2025Weakest financial year
  3. 11-09-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Retail sale of bicyclesNACE 47632
Founded
24-04-2002
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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