NETCYCLING
ActiveNETCYCLING has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €100k and a net result of €48k. Equity is growing by ~141.2% per year across the filed fiscal years. Its solvency ranks better than 48% of 2042 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability93▲+10
Solvency66▲+17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 3.27 against 1.87 in 2024; short-term debt: 14.2% and cash: 30.9% of total assets), but 59% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Sector 85
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
41%
Return on assets
19.7%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 05-02-2026, 5 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
5 d late
2024
4 d late
2023
16 d late
2022
2 d late
2021
16 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close21-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€100k▲ 92.1%
2024 · €52k
2021: €2k
2022: €10k
2023: €27k
2024: €52k
2021 → 2025
Total assets
€243k▲ 13.2%
2024 · €215k
2021: €41k
2022: €191k
2023: €189k
2024: €215k
2021 → 2025
Net result
€48k▲ 88.8%
2024 · €25k
2021: €21k
2022: €18k
2023: €16k
2024: €25k
2021 → 2025
Working capital
€78k▲ 121%
2024 · €35k
2021: €-5k
2022: €899
2023: €14k
2024: €35k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2k-€10k▲ 563%€27k▲ 159%€52k▲ 95.3%€100k▲ 92.1%
Operating result€23k-€20k▼ 12.3%€22k▲ 10.3%€34k▲ 53.3%€62k▲ 81.8%
Net result€21k-€18k▼ 13.7%€16k▼ 8.0%€25k▲ 55.3%€48k▲ 88.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 82% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €243k
Fixed assets
€131k▼ 5.9%
Current assets
€113k▲ 48.4%
Equity and liabilities €243k
Equity
€100k▲ 92.1%
Debt
€143k▼ 11.9%
The debt ratio falls from 75.8% to 59.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€82k▲
2024 · €53k
Cash flow
€68k▲
2024 · €44k
Solvency
41.0%▲
2024 · 24.2%
Current ratio
3.27▲
2024 · 1.87
Quick ratio
3.27▲
2024 · 1.87
Debt / equity
1.44▼
2024 · 3.14
ROE
48.0%▼
2024 · 48.8%
ROA
19.7%▲
2024 · 11.8%
Interest coverage
60.71▲
2024 · 35.98
Debt
€143k▼
2024 · €163k
Debt ≤ 1 year
€34k▼
2024 · €41k
Debt > 1 year
€109k▼
2024 · €122k
Income taxes
€13k▲
2024 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€215k€243k▲
Fixed assets21/28€139k€131k▼
Intangible fixed assets21€2k€925▼
Tangible fixed assets22/27€137k€130k▼
Land and buildings22€101k€93k▼
Plant, machinery and equipment23€4k€8k▲
Furniture and vehicles24€4k€9k▲
Leasing and similar rights25€28k€19k▼
Current assets29/58€76k€113k▲
Amounts receivable within one year40/41€45k€29k▼
Trade receivables40€45k€29k▼
Current investments50/53-€7k
Cash at bank and in hand54/58€30k€75k▲
Deferred charges and accrued income490/1€710€2k▲
Equity and liabilities
Total equity and liabilities10/49€215k€243k▲
Equity10/15€52k€100k▲
Contributions10/11€1k€1k=
Profit (loss) carried forward14€51k€99k▲
Amounts payable17/49€163k€143k▼
Amounts payable after more than one year17€122k€109k▼
Financial debts170/4€122k€109k▼
Amounts payable within one year42/48€41k€34k▼
Current portion of amounts payable after more than one year42€13k€13k▲
Trade debts44€74€834▲
Suppliers440/4€74€834▲
Taxes, remuneration and social security45€23k€20k▼
Taxes450/3€23k€20k▼
Other amounts payable47/48€4k€405▼
Accrued charges and deferred income492/3€12-
Income statement
Code20242025
Non-recurring operating income76A-€1k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€20k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€54k€84k▲
Operating profit (loss)9901€34k€62k▲
Financial income75/76B€23€98▲
Recurring financial income75€23€98▲
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€33k€61k▲
Income taxes67/77€7k€13k▲
Profit (loss) for the period9904€25k€48k▲
Profit (loss) for the period to be appropriated9905€25k€48k▲
Appropriation of the result
Profit (loss) to be appropriated9906€51k€99k▲
Profit (loss) brought forward from the previous period14P€26k€51k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 5 days late
2025
30-06
Financial
Highest result since 2021net €48k ▲88.8%
Operating result €62k, net result €48k, both a record.
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
16-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 16 days late
2023
30-06
Financial
Weakest financial yearnet €16k ▼8%
Net result drops to €16k, the lowest in the series; recovery starts the following year.
02-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
16-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Grimbergen · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Humbeeksesteenweg 1551850 GrimbergenGround area
1,435 m²
Building footprint
243 m²
Volume, LiDAR
1,306 m³
Parcel 23402D0453/00E002, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NETCYCLING
since 20192.295.647.827
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23402D0453/00E002 | Flanders | 1,435 m² | 1 · 243 m² | 9.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
254900TBYBRUMTAVOJ73
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Of 11,670 companies in sector 85599 we hold annual accounts for 1,329. 1,026 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-09-2019
Fiscal year end30-06
Activities, NACEBEL
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.