Special-e-Bikes
ActiveSummary
The computed 12-month bankruptcy probability of Special-e-Bikes is 1.8% (moderate). The 2025 annual accounts show equity of €390,120 and a net result of €36,352. Equity is growing by ~44.4% per year across the filed fiscal years. Its solvency ranks better than 74% of 10552 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+31
Solvency86▲+11
Growth52=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 2.52 against 1.61 in 2024; short-term debt: 30.7% and cash: 11.4% of total assets), and 38.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · 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
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
61.4%
Return on assets
5.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-09-2026, 55 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 · 7 filingsDeviation from the deadline
2025
55 d late
2024
41 d late
2023
51 d late
2022
40 d late
2021
31 d late
2020
30 d late
2019
64 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 45 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 10 September (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€390,120=
2024 · €390,120
Total assets
€634,939▼ 19.1%
2024 · €784,985
Net result
€36,352
2024 · -€25,912
Working capital
€296,523▲ 30.7%
2024 · €226,915
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€33,205▼ 3.4%€168,168▲ 406%€191,204▲ 13.7%-€11,749€35,954
Net result€41,822within the sector's middle half▲ 9.8%€137,499above the sector's middle half▲ 229%€150,243above the sector's middle half▲ 9.3%-€25,912below the sector's middle half€36,352within the sector's middle half
Equity€135,963within the sector's middle half▲ 44.4%€265,790within the sector's middle half▲ 95.5%€416,033within the sector's middle half▲ 56.5%€390,120within the sector's middle half▼ 6.2%€390,120within the sector's middle half=
Total assets€450,662below the sector's middle half▲ 22.0%€630,871within the sector's middle half▲ 40.0%€845,534within the sector's middle half▲ 34.0%€784,985within the sector's middle half▼ 7.2%€634,939within the sector's middle half▼ 19.1%
Debt€314,281▲ 14.4%€364,663▲ 16.0%€429,083▲ 17.7%€394,447▼ 8.1%€244,819▼ 37.9%
Working capital€81,688within the sector's middle half€175,677within the sector's middle half▲ 115%€234,732within the sector's middle half▲ 33.6%€226,915within the sector's middle half▼ 3.3%€296,523within the sector's middle half▲ 30.7%
Solvency30.2%within the sector's middle half▲ 4.7pp42.1%within the sector's middle half▲ 12.0pp49.2%within the sector's middle half▲ 7.1pp49.7%within the sector's middle half▲ 0.5pp61.4%within the sector's middle half▲ 11.7pp
Current ratio1.31within the sector's middle half▲ 0.381.60within the sector's middle half▲ 0.291.62within the sector's middle half▲ 0.021.61within the sector's middle half▼ 0.012.52within the sector's middle half▲ 0.91
Return on assets (ROA)9.3%within the sector's middle half▼ 1.0pp21.8%above the sector's middle half▲ 12.5pp17.8%above the sector's middle half▼ 4.0pp-3.3%below the sector's middle half▼ 21.1pp5.7%within the sector's middle half▲ 9.0pp
Staff (FTE)0below the sector's middle half2.4within the sector's middle half2.1within the sector's middle half▼ 12.5%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
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 returns to profit in 2025: €35,954 after a loss of €11,749 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €634,939
Fixed assets
€143,803 ▼ 23.7%
Current assets
€491,135 ▼ 17.7%
Equity and liabilities €634,939
Equity
€390,120 =
Provisions
€0 ▼ 100%
Debt
€244,819 ▼ 37.9%
Debt's share of the balance-sheet total falls from 50.2% to 38.6%. Debt is lower.
Key figures and ratios
EBITDA
€112,215▲
2024 · €68,234
Cash flow
€112,613▲
2024 · €54,070
Quick ratio
0.83▲
2024 · 0.45
Debt to equity
0.63▼
2024 · 1.01
ROE
9.3%▲
2024 · -6.6%
Interest coverage
13.35▲
2024 · 3.61
Debt ≤ 1 year
€194,612▼
2024 · €369,560
Debt > 1 year
€47,801▲
2024 · €24,202
Income taxes
€1,429▲
2024 · €0
Staff costs
€111,471▲
2024 · €103,292
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,975 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €35,333 | €27,246 | ▼ 22.9% |
| Remuneration, social security and pensions62 | €44,291 | €59,625 | €104,441 | €103,292 | €111,471 | ▲ 7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €60,818 | €42,119 | €66,165 | €79,983 | €76,260 | ▼ 4.7% |
| Other operating charges640/8 | €3,834 | €3,161 | €3,594 | €7,459 | €3,933 | ▼ 47.3% |
| Non-recurring operating charges66A | - | - | - | €32,261 | €3,152 | ▼ 90.2% |
| Gross operating margin9900 | €142,149 | €273,073 | €365,404 | €211,245 | €230,771 | ▲ 9.2% |
| Operating profit (loss)9901 | €33,205 | €168,168 | €191,204 | -€11,749 | €35,954 | ▲ 406% |
| Financial income75/76B | €10,904 | €7,642 | €9,362 | €4,731 | €10,233 | ▲ 116% |
| Recurring financial income75 | €10,904 | €7,642 | €9,362 | €4,731 | €10,233 | ▲ 116% |
| Financial charges65/66B | €2,287 | €3,205 | €4,161 | €18,895 | €8,405 | ▼ 55.5% |
| Recurring financial charges65 | €2,287 | €3,205 | €4,161 | €18,895 | €8,405 | ▼ 55.5% |
| Profit (loss) for the period before taxes9903 | €41,822 | €172,604 | €196,405 | -€25,912 | €37,781 | ▲ 246% |
| Income taxes67/77 | - | €35,104 | €46,162 | €0 | €1,429 | - |
| Profit (loss) for the period9904 | €41,822 | €137,499 | €150,243 | -€25,912 | €36,352 | ▲ 240% |
| Profit (loss) for the period to be appropriated9905 | €41,822 | €137,499 | €150,243 | -€25,912 | €36,352 | ▲ 240% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €450,662 | €630,871 | €845,534 | €784,985 | €634,939 | ▼ 19.1% |
| Fixed assets21/28 | €107,600 | €163,525 | €231,941 | €188,510 | €143,803 | ▼ 23.7% |
| Tangible fixed assets22/27 | €103,005 | €158,830 | €231,446 | €187,990 | €143,283 | ▼ 23.8% |
| Land and buildings22 | €59,304 | €51,388 | €51,281 | €42,574 | €33,867 | ▼ 20.5% |
| Plant, machinery and equipment23 | €27,656 | €34,942 | €132,801 | €124,330 | €107,447 | ▼ 13.6% |
| Furniture and vehicles24 | €16,046 | €72,500 | €47,365 | €21,086 | €1,969 | ▼ 90.7% |
| Financial fixed assets28 | €4,595 | €4,695 | €495 | €520 | €520 | = |
| Current assets29/58 | €343,062 | €467,347 | €613,592 | €596,475 | €491,135 | ▼ 17.7% |
| Amounts receivable after more than one year29 | - | €12,070 | €12,070 | €12,070 | €17,470 | ▲ 44.7% |
| Other amounts receivable291 | - | €12,070 | €12,070 | €12,070 | €17,470 | ▲ 44.7% |
| Stocks and contracts in progress3 | €260,801 | €333,290 | €504,096 | €431,355 | €329,904 | ▼ 23.5% |
| Stocks30/36 | €260,801 | €333,290 | €504,096 | €431,355 | €329,904 | ▼ 23.5% |
| Amounts receivable within one year40/41 | €44,390 | €59,199 | €43,179 | €83,383 | €68,384 | ▼ 18.0% |
| Trade receivables40 | €14,390 | €59,199 | €40,764 | €61,720 | €53,384 | ▼ 13.5% |
| Other amounts receivable41 | €30,000 | - | €2,415 | €21,662 | €15,000 | ▼ 30.8% |
| Cash at bank and in hand54/58 | €37,871 | €57,866 | €46,087 | €64,833 | €72,483 | ▲ 11.8% |
| Deferred charges and accrued income490/1 | - | €4,922 | €8,161 | €4,834 | €2,894 | ▼ 40.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €450,662 | €630,871 | €845,534 | €784,985 | €634,939 | ▼ 19.1% |
| Equity10/15 | €135,963 | €265,790 | €416,033 | €390,120 | €390,120 | = |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Reserves13 | - | - | - | - | €371,520 | - |
| Distributable reserves133 | - | - | - | - | €371,520 | - |
| Profit (loss) carried forward14 | €117,363 | €247,190 | €397,433 | €371,520 | €0 | ▼ 100% |
| Provisions and deferred taxes16 | €418 | €418 | €418 | €418 | €0 | ▼ 100% |
| Provisions for liabilities and charges160/5 | €418 | €418 | €418 | €418 | €0 | ▼ 100% |
| Other liabilities and charges164/5 | €418 | €418 | €418 | €418 | €0 | ▼ 100% |
| Amounts payable17/49 | €314,281 | €364,663 | €429,083 | €394,447 | €244,819 | ▼ 37.9% |
| Amounts payable after more than one year17 | €51,584 | €59,073 | €41,360 | €24,202 | €47,801 | ▲ 97.5% |
| Financial debts170/4 | €51,584 | €59,073 | €41,360 | €24,202 | €47,801 | ▲ 97.5% |
| Amounts payable within one year42/48 | €261,374 | €291,670 | €378,860 | €369,560 | €194,612 | ▼ 47.3% |
| Current portion of amounts payable after more than one year42 | - | €44,098 | €38,243 | €61,786 | €35,946 | ▼ 41.8% |
| Trade debts44 | €85,958 | €54,886 | €82,538 | €124,104 | €80,367 | ▼ 35.2% |
| Suppliers440/4 | €85,958 | €54,886 | €82,538 | €124,104 | €80,367 | ▼ 35.2% |
| Advances received on contracts in progress46 | - | €938 | €1,392 | €76 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €16,520 | €37,234 | €55,969 | €32,662 | €31,483 | ▼ 3.6% |
| Taxes450/3 | €14,307 | €26,043 | €36,103 | €22,467 | €22,043 | ▼ 1.9% |
| Remuneration and social security454/9 | €2,212 | €11,191 | €19,866 | €10,195 | €9,441 | ▼ 7.4% |
| Other amounts payable47/48 | €158,897 | €154,513 | €200,719 | €150,932 | €46,816 | ▼ 69.0% |
| Accrued charges and deferred income492/3 | €1,323 | €13,920 | €8,863 | €684 | €2,405 | ▲ 252% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41,822 | €137,499 | €150,243 | -€25,912 | €36,352 | ▲ 240% |
| + Depreciation and write-downs630 | €60,818 | €42,119 | €66,165 | €79,983 | €76,260 | ▼ 4.7% |
| Operating cash flow (approximation) | €102,640 | €179,619 | €216,408 | €54,070 | €112,613 | ▲ 108% |
| Investment in fixed assets (approximation) | - | -€98,044 | -€134,582 | -€36,551 | -€31,554 | ▲ 13.7% |
| Change in cash | - | €19,995 | -€11,779 | €18,746 | €7,650 | ▼ 59.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 55 days late
2025
31-12
Financial
Back to profitnet €36,352
Net result €36,352 after one loss-making year.
10-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 41 days late
2024
31-12
Financial
Weakest financial yearnet -€25,912
Net result drops to -€25,912, the lowest in the series; recovery starts the following year.
20-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 51 days late
2023
31-12
Financial
Highest result since 2019net €150,243 ▲9.3%
Operating result €191,204, net result €150,243, both a record.
09-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 40 days late
2022
31-12
Financial
Equity above €200,000Eq €265,790 ▲95.5%
4 profitable years in a row build equity to €265,790.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Equity above €100,000Eq €135,963 ▲44.4%
3 profitable years in a row build equity to €135,963.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
03-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 64 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Zottegem · 2 establishment units since 2018
Ground area
3,171 m²
Building footprint
1,223 m²
Volume, LiDAR
5,230 m³
2 parcels, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Special-e-Bikes
since 20182.282.192.343
Special-e-Bikes
since 20202.318.461.138
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41069B1434/00H000 | Flanders | 1,989 m² | 1 · 1,028 m² | 10.1 m · 1 fl. |
| 41069C1034/00N000 | Flanders | 1,181 m² | 1 · 195 m² | 10.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
2025 · 2 entries · 3,200 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 3,200 EUR | 2,000 EUR |
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Of 1,465 companies in sector 47632 we hold annual accounts for 734. 597 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-11-2018
Fiscal year end31-12
Activities, NACEBEL 2025
47632Retail sale of bicycles
47830Retail sale of motorcycles and motorcycle parts and accessories
85599Other education
93129Activities of other sports clubs
95290Repair and maintenance of other personal and household goods
Contact
Website
www.specialebikes.beZottegem
E-mail
specialebikes@gmail.comZottegem
E-invoicing
Reachable via Peppol
Peppol ID
0208:0714927810
Also
9925:BE0714927810
Registered
16-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.