RS-Bikes

Active

Private limited companyfounded 20223 yrs activePulsebaan 62, 2242 Zandhoven, BelgiumKBO/BCE: BE 0794.596.680

The computed 12-month bankruptcy probability of RS-Bikes is 1.8% (moderate). The 2025 annual accounts show equity of €125k and a net result of €2k. Equity is growing by ~13% per year across the filed fiscal years. Its solvency ranks better than 45% of 18016 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

61 / 100

Healthy▼ -3 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability10▼-22

Solvency49▼-11

Growth52=

Stability94

Bankruptcy probability, 12 months

1.8% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €8k at 30 days acceptable

Liquidity tight (current ratio 1.25 against 1.3 in 2024), and 71.8% of the assets are financed with debt.

How do we compute the score and the probability?

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

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

28.2%

Return on assets

0.5%

Age of the figures

8 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

8 d early

2024

5 d early

2023

6 d early

2022

3 d early

← before the deadline after the deadline →

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.

Companies Code · seven months

Position in the running window

14-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, micro schema

Equity

€125k▲ 2.0%

2024 · €123k

2022: €56k 2023: €115k 2024: €123k

2022 → 2025

Total assets

€443k▲ 22.5%

2024 · €361k

2022: €518k 2023: €429k 2024: €361k

2022 → 2025

Net result

€2k▼ 69.1%

2024 · €8k

2022: €54k 2023: €59k 2024: €8k

2022 → 2025

Working capital

€67k▲ 31.1%

2024 · €51k

2022: €-134k 2023: €38k 2024: €51k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€56k-€115k▲ 107%€123k▲ 6.8%€125k▲ 2.0%

Operating result€68k-€83k▲ 23.4%€22k▼ 73.7%€18k▼ 17.4%

Net result€54k-€59k▲ 10.7%€8k▼ 86.9%€2k▼ 69.1%

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has fallen two years in a row; 2025 is 17% below 2024 and is the lowest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €443k

24.4%

75.6%

Fixed assets €108k▼ 22.1%

Current assets €334k▲ 50.3%

Equity and liabilities €443k

28.2%

71.8%

Equity €125k▲ 2.0%

Debt €318k▲ 33.1%

The debt ratio rises from 66.1% to 71.8%: debt grows faster than equity.

Key figures and ratios

2025 value · change against 2024

EBITDA

€49k▼

2024 · €53k

Cash flow

€33k▼

2024 · €38k

Solvency

28.2%▼

2024 · 33.9%

Current ratio

1.25▼

2024 · 1.30

Quick ratio

0.30▲

2024 · 0.03

Debt / equity

2.54▲

2024 · 1.95

ROE

1.9%▼

2024 · 6.3%

ROA

0.5%▼

2024 · 2.1%

Interest coverage

3.24▼

2024 · 4.12

Debt

€318k▲

2024 · €239k

Debt ≤ 1 year

€268k▲

2024 · €172k

Debt > 1 year

€50k▼

2024 · €67k

Income taxes

€1k▼

2024 · €2k

Staff costs

€0▼

2024 · €5k

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€361k€443k▲

Fixed assets21/28€139k€108k▼

Tangible fixed assets22/27€139k€108k▼

Land and buildings22€5k€5k▼

Plant, machinery and equipment23€95k€83k▼

Furniture and vehicles24€34k€17k▼

Other tangible fixed assets26€4k€3k▼

Current assets29/58€222k€334k▲

Stocks and contracts in progress3€218k€253k▲

Stocks30/36€218k€253k▲

Amounts receivable within one year40/41€5k€81k▲

Trade receivables40€5k€81k▲

Cash at bank and in hand54/58€75€0▼

Equity and liabilities

Total equity and liabilities10/49€361k€443k▲

Equity10/15€123k€125k▲

Contributions10/11€2k€2k=

Reserves13€121k€123k▲

Distributable reserves133€121k€123k▲

Amounts payable17/49€239k€318k▲

Amounts payable after more than one year17€67k€50k▼

Financial debts170/4€67k€50k▼

Amounts payable within one year42/48€172k€268k▲

Current portion of amounts payable after more than one year42€20k€17k▼

Financial debts43€90k€124k▲

Credit institutions430/8€90k€124k▲

Trade debts44€11k€56k▲

Suppliers440/4€11k€56k▲

Advances received on contracts in progress46€11k€24k▲

Taxes, remuneration and social security45€18k€14k▼

Taxes450/3€18k€14k▼

Remuneration and social security454/9€0-

Other amounts payable47/48€22k€32k▲

Income statement Code20242025

Remuneration, social security and pensions62€5k€0▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€31k=

Other operating charges640/8€823€441▼

Gross operating margin9900€59k€49k▼

Operating profit (loss)9901€22k€18k▼

Financial income75/76B€871€514▼

Recurring financial income75€871€514▼

Financial charges65/66B€13k€15k▲

Recurring financial charges65€13k€15k▲

Profit (loss) for the period before taxes9903€10k€4k▼

Income taxes67/77€2k€1k▼

Profit (loss) for the period9904€8k€2k▼

Profit (loss) for the period to be appropriated9905€8k€2k▼

Appropriation of the result

Profit (loss) to be appropriated9906€8k€2k▼

Transfer to equity691/2€8k€2k▼

To other reserves6921€8k€2k▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 3Filings 4

Next filing, fiscal year 2026, expected by 31-07-2027

2026

23-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Weakest financial yearnet €2k ▼69.1%

Net result drops to €2k, the lowest in the series.

26-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

25-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Highest result since 2022net €59k ▲10.7%

Operating result €83k, net result €59k, both a record.

31-12

Financial Equity above €100kEq €115k ▲107%

2 profitable years in a row build equity to €115k.

28-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

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, Zandhoven · 1 establishment unit since 2022

establishment The establishment unit on the map

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.

Pulsebaan 622242 Zandhoven

Ground area

1,451 m²

Building footprint

147 m²

Volume, LiDAR

768 m³

Parcel 11033C0063/00L000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

RS-Bikes

Pulsebaan 62, 2242 ZandhovenManufacture of other transport equipment

since 20222.338.927.346

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11033C0063/00L000	Flanders	1,451 m²	1 · 147 m²	8.7 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.

Public money · subsidies and aid

Flemish government

2024 · 2 entries · 1,500 EUR awarded · 1,500 EUR paid

Year	Entries	awarded	paid
2024	2	1,500 EUR	1,500 EUR

Schemes

Premie kwalificerend werkplekleren

1 entry · 1,000 EUR · 1,000 EUR paid · Departement Werk en Sociale Economie

Stagebonus (stopgezet)

1 entry · 500 EUR · 500 EUR paid · Departement Werk en Sociale Economie

Recognitions · licences · registrations

Food safety, FASFC

1 site

Zandhoven2.338.927.346

1 permission

Verkooppunt LM>3 maand · since 09-12-2022

Dual-learning approval

4 live approvals · 1 ended

Fietshersteller (vwo)

Goedgekeurd · 2023 to 2028

Fietshersteller duaal (so)

Goedgekeurd · 2023 to 2028

Fietsinstallaties duaal (so)

Goedgekeurd · 2023 to 2028

Fietstechnicus (vwo)

Goedgekeurd · 2023 to 2028

Similar companies · same sector, comparable size

CUCARACHA

BE 0466.396.784

Watermaal-Bosvoorde · Eq €125k

Hamme (Vl.) · Eq €127k

Eco-Bikes

BE 0678.683.858

Puurs-Sint-Amands · Eq €127k

Of 1,451 companies in sector 47632 we hold annual accounts for 721. 629 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded09-12-2022

Fiscal year end31-12

Activities, NACEBEL

47632Retail sale of bicycles

47785Retail trade

47716Retail sale of clothing and accessories for women, men, children and babies (general range)

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.