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RE CYCLE

Absorbed by Goodbikes KBO/BCE: BE 0759.524.252 subsidiary of D'Ieteren Group SA / NV

Overview

Lifetime

3 annual accounts with figures on one time axis
peak -€39,795 (2021)
-€155,780▼ €72,153
lowest -€350,396 (2023)
-€350,396▼ €174,920
peak €1,663 (2021)
-€524,208▼ €350,396
€1.1m▲ 186%
peak 2.3 FTE (2023)
2.3 FTE▲ 4.5%
Board8 names since 2020
4 directorsPierre Doumit and 3 others
Owners2 names in the annual accounts
100%LUCIEN BIKE and 1 other
Documentsfilings and deeds
24-06-202437 days before the deadline
2023financial year
Gross margin from -€83,627 to -€155,780Loss of €350,396Merger proposal: to be absorbed by Goodbikes 23-111 statutory auditor appointed, 2 directors appointed, 2 resig… 26-05Equity from -€173,813 to -€524,208Debts from €380,255 to €1.1m

Key points

from the 2023 annual accounts, the last ones filed

Equity

-€524,208 ▼ 202%
-€174,0002022-€524,0002023

Equity fell in 2023: last year before the absorption by Goodbikes.

Losses

-€619,208 in three years
-93,3372021-175,4762022-350,3962023

Every financial year from 2021 to 2023 closed with a loss. 2023 was the heaviest.

Debts

€1.1m 193% of the balance sheet
Financial debts 89%Suppliers 9%Taxes and wages 1%Other 1%

Of this, €1.1m falls due within a year.

Investments

€21,554 2.3 × depreciation
20212023

Green is investment, beige is depreciation.

Staff

2 employees on 31-12-2023
202021102022122023

In 2023, 1 person joined and 2 left.

Filings

3 annual accounts 1 late
AprilJune31 JulyOctober202120222023

The 2021 accounts came 30 days late. The other two were filed on time.

No scoreNet result -100%: absorbed

Board and ownership

M
Managing director, Karl Lechat
PD
Director, since 12-10-2022
RG
Director, since 12-10-2022
GE
Director, Gérald Evers, since 01-02-2023
KR
Auditor, Axel Jorion
Board & ownership

Recent changes

Merger: absorbed by Goodbikes General meeting of 28-12-2023 · Gazette deed
Merger proposal: to be absorbed by Goodbikes Gazette deed
1 statutory auditor appointed, 2 directors appointed, 2 resignations Appointments: KPMG Réviseurs d'Entreprises BV/SRL (statutory auditor), MAJUBA SRL (managing director) and GROUP-E CommV. · Permanent representatives: Axel Jorion, Karl Lechat and Gérald Evers · Resignations: Gérald Evers and Karl Lechat · General meeting of 02-05-2023 · Gazette deed
Appointment: Gérald Evers (director) General meeting of 25-10-2022 · Gazette deed
All 11 events

Official details

Source: KBO
Status
Absorbed by Goodbikesmerger by absorption, February 2024
Activity
“Le commerce en détail et en gros de tous vélos, pièces de rechange pour…” (deed in French)From the articles, 12 activitiesNo NACE code in the KBO yet
Joint committee
201Independent retail · annual accounts 2023
Financial year end
31 December
Peppol
Not found in the Peppol Directory
Company details

Annual accounts 2023

-€155,780▼ 86.3%
€350,396▲ 99.7%
-€524,208▼ 202%
€562,112▲ 172%
Employeeson 31-12-2023
2▼ 33.3%
Filing
Filed on 24-06-2024
Financials

Insights on RE CYCLE

Absorbed by Goodbikes in February 2024. The last annual accounts are for financial year 2023.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2023

full format, filed on 24-06-2024, 37 days before the deadline
-€155,780
▼ €72,153
-€320,468
▼ €155,251
-€350,396
▼ €174,920
-€581,279
▼ €358,156
-93.3%
▼ 9.1 percentage points
0.46
▲ 0.05

Turnover: not included in this filing.

Balance sheet

balance sheet total €562,112 on 31-12-2023
What the company ownsHow it is paid for

in euro

in euro

Staff

€31,803

Staff costs divided by the average number of full-time equivalents.

-1 person

people who joined people who left

In 2023, 1 person joined and 2 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202320222021
Balance sheet: assets
20/58 562,112206,442140,566
21/28 61,55349,31156,901
21 8901,2731,657
22/27 60,66348,03755,244
23 6,2967,1148,456
24 8,8838,3509,896
26 45,48432,57436,892
29/58 500,560157,13183,666
3 477,692134,51930,000
30/36 477,692134,51930,000
40/41 19,12412,6424,472
40 19,1246,6774,472
41 05,966-
54/58 2,0252,14347,130
490/1 1,7197,8282,063
Balance sheet: equity and liabilities
10/49 562,112206,442140,566
10/15 -524,208-173,8131,663
10/11 95,00095,00095,000
14 -619,208-268,813-93,337
17/49 1.1m380,255138,903
17 -066,685
170/4 -066,685
42/48 1.1m380,25567,635
42 -019,250
43 964,432272,815-
430/8 964,432272,815-
44 102,87484,98821,956
440/4 102,87484,98821,956
46 -010,693
45 6,68222,45211,916
450/3 01,2632,305
454/9 6,68221,1899,611
47/48 7,851-3,819
492/3 4,48204,583
Income statement
9900 -155,780-83,627-39,795
62 73,14672,90042,925
630 9,3137,5904,140
631/4 72,885--
640/8 9,3441,1003,261
9901 -320,468-165,217-90,121
75/76B 2,20482106
75 2,20482106
65/66B 32,13210,3423,322
65 32,13210,3423,322
9903 -350,396-175,476-93,337
9904 -350,396-175,476-93,337
9905 -350,396-175,476-93,337
Appropriation of the result
9906 -619,208-268,813-93,337
14P -268,813-93,337-
Social balance sheet
9087 2.32.21.8
Hours worked1013 3,5923,6672,386
Document PDFPDFPDF

The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2023 (PDF), filed on 24-06-2024.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2023 full format 24-06-2024 2024-00152935 PDF
31-12-2022 full format 28-06-2023 2023-00167278 PDF
31-12-2021 micro format 30-08-2022 2022-20384578 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202320222021
-311,155-157,627-85,981
-341,083-167,886-89,197
21,554061,041
-118-44,987-
-581,279-223,12316,031
-93.3%-84.2%1.2%
0.460.411.24
0.020.060.79
--83.50
-62.3%-85.0%-66.4%
-9.68-15.24-25.88

EBIT margin: not included in this filing.

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-202331-12-202231-12-2021
Employees at the balance-sheet date232
full-time102
part-time13-
in full-time equivalents1.72.12
2.32.21.8
On a permanent contract232
Joined112
Left200

Source: social balance sheet in the 2021 to 2023 annual accounts

Investments

fixed assets acquired
Item202320222021
Tangible fixed assets€21,554-€59,124
Intangible fixed assets--€1,917
€9,313€7,590€4,140

Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)

Insights on RE CYCLE

The operating result for 2023 is a loss of €320,468, larger than the loss of €165,217 in 2022. It is the lowest result since 2021.

Equity is negative. Debt (€1.1m) exceeds the balance-sheet total (€562,112).

Large changes and their cause
  • 2023 Net result -100%, Equity -202% on 2022. Last accounts before the absorption by Goodbikes (Official Gazette 19-02-2024).

Board & ownership

Last board

4 directors, 1 in day-to-day management, 1 auditor, no change since 2023
Director
since 12-10-2022 term without a fixed end
listed in the 2023 annual accounts, filed on 24-06-2024
Director
since 12-10-2022 term without a fixed end
listed in the 2023 annual accounts, filed on 24-06-2024
Director, permanent representative Gérald Evers
since 01-02-2023 term without a fixed end
also on the board of 8 other companies
listed in the 2023 annual accounts, filed on 24-06-2024
Director and managing director, permanent representative Karl Lechat
director since 01-02-2023 managing director appointed by deed of 26-05-2023 term without a fixed end
also on the board of 8 other companies
listed in the 2023 annual accounts, filed on 24-06-2024
Statutory auditor, permanent representative Axel Jorion
appointed by deed of 26-05-2023
MAJUBA
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 09-12-2020
Permanent representatives 2
Permanent representative, for GROUP-E
appointed by deed of 26-05-2023
Permanent representative, for MAJUBA
appointed by deed of 26-05-2023

Office holders in the KBO →

Mandates through the years

8 names, the dashed line is today
GROUP-E
Director
MAJUBA
Director, Managing director
Karl Lechat
Director
Jean-Pierre Cuvelier
Director (not named in the articles)
LeadershipBoardEarliermandate already running before its first mention
Mandates as a list
  • Pierre Doumit
    • Director, from 12-10-2022 to date
  • Réginald Gillet
    • Director, from 12-10-2022 to date
  • GROUP-E
    • Director, since before 31-12-2022
  • MAJUBA
    • Director, since before 31-12-2022
    • Managing director, appointed by deed of 26-05-2023, still in office
  • KPMG Réviseurs d'Entreprises BV/SRL
    • Statutory auditor, from 20-12-2022 to date
  • Gérald Evers
    • Director, appointed by deed of 28-11-2022, until 26-05-2023
  • Karl Lechat
    • Director, appointed by deed of 25-10-2022, until 26-05-2023
  • Jean-Pierre Cuvelier
    • Director (not named in the articles), from 03-12-2020 to 25-10-2022

See the board, name and registered office on a given date →

Control

Consolidating parent
Equity €2.54bn
Profit €241.7m in 2025 (profit €1.94bn in 2024)
consolidates
This company
RE CYCLE
Equity -€524,208
Loss €350,396 in 2023

Capital

Capital
€95,000
Shares
4,750 in the deed of 09-12-2020 and 1 later capital increase
Contribution per share
€20
Equity per share
-€110 in 2023
Source
deed of 06-01-2022

Owners through the years

as the annual accounts name them
Owners as a list

Source: shareholder structure in its own accounts, parent in its own accounts

Articles of association

deed of 09-12-2020 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 1 director
“Fixe ou proportionnelle, assemblée générale”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Friday of June at 18:00

Capital transactions

Shareholders according to the deeds
After the capital increase deed of 06-01-2022 ↗
  • CUVELIER Jean-Pierre 1,750 shares · €35,000 in kind
  • PARMENTIER Patrick 2,000 shares · €40,000 · “dépôt préalable au compte spécial”
At incorporation deed of 09-12-2020 ↗
  • CUVELIER Jean-Pierre Francis André Isabelle 900 shares (90%)
  • CUVELIER Antoine 100 shares (10%)
Capital over time
  1. 06-01-2022 Capital increase of €75,000 · to €95,000 · 3,750 new shares
  2. 09-12-2020 Incorporation · €20,000 · 1,000 shares

Network & group

Parent

D'Ieteren Group SA / NV
0403.448.140 · equity €2.54bn · profit €241.7m (2025)

Acquisitions and mergers

1 transaction
Taken over by:Goodbikes
BE 0716.788.428operation treated as a merger by absorption · Gazette deed of 19-02-2024 (3 deeds)

Connections & network

9 connected companies
Linked via shared directors
JOKER - JONG TOERISME, JOKER - YOUTH TOURISM
via Karl Lechat · Director · deed of 16-03-2023
Founded in 1981 · 91 FTE (2025)
→
SCOUTSVERENIGING SINT-JAN 2DE LEUVEN
via Karl Lechat · Director · deed of 19-06-2026
Founded in 1995
→
iBike
via MAJUBA, GROUP-E and 2 others · deed of 06-06-2023
No longer active · 53 FTE (2025) · group NAYARIT PARTICIPATIONS
→
DAAN FIETSEN
via MAJUBA and GROUP-E · deed of 02-09-2024
No longer active · 3.2 FTE (2025)
→
Show 5 more companies with a shared director
VELOFIXER
via MAJUBA, GROUP-E and 2 others · deed of 19-05-2023
No longer active · 10 FTE (2023)
→
Alphabikes
via MAJUBA and GROUP-E · deeds of 24-05-2023 and 06-02-2023
No longer active · 7.4 FTE (2023)
→
PLUM-GENT
via MAJUBA and GROUP-E · deed of 17-05-2023
No longer active · 4.8 FTE (2025) · group NAYARIT PARTICIPATIONS
→
Fietsen King
via MAJUBA and GROUP-E · Director · deed of 23-08-2023
No longer active · 5 FTE (2025) · group NAYARIT PARTICIPATIONS
→
De Fietsgarage
via MAJUBA and GROUP-E · deed of 28-05-2024
No longer active · 4.3 FTE (2024)
→

Timeline

Timeline

11 events since 2020
2024
Annual accounts 2023 filed PDFfull format · 37 days before the deadline
Merger: absorbed by GoodbikesGeneral meeting of 28-12-20231 point ▸
  • General meeting, 28-12-2023
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

2023
Weakest financial year net -€350,396 The net result drops to -€350,396, the lowest from 2021 to 2023.
Merger proposal: to be absorbed by Goodbikes1 point ▸
  • Accounting effect, 01-01-2024
  • The deed holds 6 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFfull format · 33 days before the deadline
1 statutory auditor appointed, 2 directors appointed, 2 resignationsAppointments: KPMG Réviseurs d'Entreprises BV/SRL (statutory auditor), MAJUBA SRL (managing director) and GROUP-E CommV. · Permanent representatives: Axel Jorion, Karl Lechat and Gérald Evers · Resignations: Gérald Evers and Karl Lechat · General meeting of 02-05-202316 points ▸

Open the deed in the Belgian Official Gazette

2022
Appointment: Gérald Evers (director)General meeting of 25-10-202211 points ▸
  • General meeting, 25-10-2022
  • Director appointment, Gérald Evers
  • Board composition, Pierre Doumit (director)
  • Board composition, Réginald Gillet (director)
  • Board composition, Karl Lechat (director)
  • Board composition, Gérald Evers (director)
  • Power of attorney, Karlien Delesie
  • Power of attorney, Zeger Biesemans
  • Power of attorney, Aurélie Van Oost
  • Power of attorney, Mercedes Smeets
  • Power of attorney, Romane Vanden Dael

Open the deed in the Belgian Official Gazette

Registered office moved to WaterlooNew registered office: rue Libert, 27 à 1410 Waterloo · Resignation: Jean-Pierre Cuvelier (director) · Appointments: Réginald Gillet, Karl Lechat and Pierre Doumit · General meeting of 12-10-20228 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2021 filed PDFmicro format · 30 days late
Capital increase of €75,000 to €95,000Capital from €20,000 to €95,000, 3,750 new shares · Contributions: CUVELIER Jean-Pierre (€35,000, 1,750 shares); PARMENTIER Patrick (€40,000, 2,000 shares) · General meeting of 28-12-20219 points ▸
  • General meeting, 28-12-2021
  • Capital increase, €75,000
  • Capital contribution, €35,000
  • Capital contribution, €40,000
  • Capital, €95,000
  • Auditor report, 28-12-2021
  • Capital, €95,000, 3,750 shares
  • Amendment of the articles, article 5
  • Power of attorney, CUVELIER Jean-Pierre
  • The deed holds 6 more points.

Open the deed in the Belgian Official Gazette

2020
IncorporationFounding capital of €20,000, 1,000 shares, €5,000 paid up · Founders: CUVELIER Jean-Pierre Francis André Isabelle and CUVELIER Antoine · Appointment: CUVELIER Jean-Pierre (director)7 points ▸
  • Registered office clause, Vieux Chemin de l'Helpe 75, 1332 Genval (Rixensart)
  • Board rule, 1
  • Director appointment, CUVELIER Jean-Pierre (director (not named in the articles))
  • Founder, CUVELIER Jean-Pierre Francis André Isabelle (comparant)
  • Founder, CUVELIER Antoine (comparant)
  • Founding capital, €20,000, 1,000 shares
  • 1,000 shares
  • The deed holds 6 more points.

Open the deed in the Belgian Official Gazette

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

The deed of incorporation of RE CYCLE was published in the Belgian Official Gazette on 9 December 2020.1 The registered office was moved to Waterloo in 2022.2 In 2022 the capital was increased by €75,000 to €95,000.3 The board currently has 4 members, 2 of whom have served since 2022.4 In 2024 the company was absorbed by merger into Goodbikes.5

  1. 1Belgian Official Gazette, 09-12-2020
  2. 2Belgian Official Gazette, 25-10-2022
  3. 3Belgian Official Gazette, 06-01-2022
  4. 4National Bank, annual accounts 2023
  5. 5Belgian Official Gazette, 19-02-2024

Company details

Purpose, financial year and meetings according to the articles of association

Name, seat, purpose and duration

PurposeThe purpose describes the activities the company may carry out under its articles.
“Le commerce en détail et en gros de tous vélos, pièces de rechange pour vélos, des accessoires; ainsi que la réparation des vélos, la…”
12 activities
  1. Le commerce en détail et en gros de tous vélos, pièces de rechange pour vélos, des accessoires; ainsi que la réparation des vélos, la fabrication des pièces et accessoires de vélos.
  2. La location de vélos
  3. L'organisation de randonnées et séjours à vélo
  4. L'exploitation d'un salon de petite restauration, la vente de boissons, spiritueuses ou non.
  5. La constitution et la valorisation d'un patrimoine mobilier en ce compris notamment la gestion, l'achat, la cession, l'échange, la vente pour son propre compte de biens mobiliers comme tous droits sociaux, actions, parts sociales, belges ou étrangers, même non cotés en bourse, obligations, bons de caisse, fonds d'Etat, warrants, options et autres, métaux précieux, œuvres d'art, meubles, livres et véhicules automobiles.
  6. La constitution, la gestion et la valorisation d'un patrimoine immobilier, tant en immeubles qu'en droits réels immobiliers, notamment l'achat, la mise en valeur, le lotissement, l'échange, l'amélioration, la location meublée ou non tant en qualité de bailleur que de locataire, le leasing, la vente, la cession, la revente, le courtage, la mise en valeur, la promotion, l'expertise, la transformation, la rénovation, la construction et la destruction de biens immobiliers situés tant en Belgique qu'à l'étranger;
  7. La prise de participations, directe ou indirecte, dans le capital de toute personne morale belge ou étrangère, existante ou à créer, de quelque manière que ce soit, notamment par voie d'apport, de fusion, de souscription et de commandite.
  8. Consentir tous prêts, crédits et avances sous quelques formes que ce soit et pour quelques durées que ce soit, à toutes entreprises affiliées ou dans laquelle la société possède une participation.
  9. Se voir octroyer, sous quelques formes que ce soit et pour quelques durées que ce soit, tous prêts, crédits et avances par toute personne physique ou morale dans le cadre de ses activités.
  10. Donner caution, aval ou toutes garanties généralement quelconques, tant pour ses propres engagements que pour les engagements de tiers, entre autres en donnant ses biens en hypothèque ou en gage, y compris son fonds de commerce;
  11. Exercer la fonction de gérant, d'administrateur, de délégué à la gestion journalière, de liquidateur ainsi que toute autre fonction autorisée dans toute personne morale belge ou étrangère.
  12. Faire en Belgique ou à l'étranger, toutes opérations commerciales, industrielles, financières, mobilières ou immobilières se rapportant, directement ou indirectement, à son objet ou qui serait de nature à favoriser ou développer la réalisation.
deed of 23-11-2023 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 09-12-2020 (in French)
Name clauseThe company operates under this name according to its articles.
Re Cycle
deed of 09-12-2020 (in French)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région Wallonne”
deed of 09-12-2020 (in French)

General meeting and financial year

Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Friday of June at 18:00

deed of 09-12-2020 (in French)

Inactive

Absorbed by Goodbikes in February 2024

RE CYCLE is no longer in the KBO register. Goodbikes took it over in a merger by absorption, published in the Belgian Official Gazette on 19 February 2024.

Status
Inactive
Reason
Merger by absorption"operation treated as a merger by absorption", Belgian Official Gazette, 19 February 2024 · deed
Absorbed by
Goodbikes · 0716.788.428
Last annual accounts
financial year to 31 December 2023
Last registered office
Vieux Chemin De L'helpe 75, 1332 Genval (Rixensart)as published on 7 February 2024
Legal form
Private limited company
First annual accounts
financial year 2021
Official KBO record