T & O BIKES
ActiveT & O BIKES has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €426k and a net result of €-138k. Equity is growing by ~22.1% per year across the filed fiscal years. Its solvency ranks better than 54% of 10345 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
43
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability2▼-45
Solvency66▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days only on tighter terms
Liquidity ample (current ratio 1.62 against 1.79 in 2024; short-term debt: 51.3% and cash: 9.2% of total assets), but 59.3% 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
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
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
29 d late
2023
20 d early
2022
31 d late
2021
34 d early
2020
33 d early
2019
49 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€426k▼ 24.5%
2024 · €564k
2018: €80k
2019: €98k
2020: €184k
2021: €369k
2022: €473k
2023: €562k
2024: €564k
2018 → 2025
Total assets
€1.05M▼ 22.6%
2024 · €1.35M
2018: €180k
2019: €208k
2020: €349k
2021: €834k
2022: €1.42M
2023: €1.36M
2024: €1.35M
2018 → 2025
Net result
€-138k
2024 · €41k
2018: €9k
2019: €18k
2020: €110k
2021: €199k
2022: €103k
2023: €90k
2024: €41k
2018 → 2025
Working capital
€336k▼ 33.8%
2024 · €507k
2018: €69k
2019: €92k
2020: €173k
2021: €314k
2022: €581k
2023: €430k
2024: €507k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€369k-€473k▲ 28.0%€562k▲ 19.0%€564k▲ 0.3%€426k▼ 24.5%
Operating result€273k-€149k▼ 45.3%€150k▲ 0.4%€99k▼ 34.0%€-112k
Net result€199k-€103k▼ 48.1%€90k▼ 13.2%€41k▼ 54.6%€-138k
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 turns negative in 2025: a loss of €112k after €99k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.05M
Fixed assets
€174k▼ 15.2%
Current assets
€873k▼ 23.9%
Equity and liabilities €1.05M
Equity
€426k▼ 24.5%
Debt
€622k▼ 21.2%
The debt ratio rises from 58.3% to 59.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-63k▼
2024 · €143k
Cash flow
€-90k▼
2024 · €85k
Solvency
40.7%▼
2024 · 41.7%
Current ratio
1.62▼
2024 · 1.79
Quick ratio
0.35▼
2024 · 0.44
Debt / equity
1.46▲
2024 · 1.40
ROE
-32.5%▼
2024 · 7.2%
ROA
-13.2%▼
2024 · 3.0%
Interest coverage
-1.95▼
2024 · 2.93
Debt
€622k▼
2024 · €789k
Debt ≤ 1 year
€537k▼
2024 · €641k
Debt > 1 year
€83k▼
2024 · €143k
Income taxes
€0▼
2024 · €20k
Staff costs
€447k▲
2024 · €438k
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€1.35M€1.05M▼
Fixed assets21/28€206k€174k▼
Intangible fixed assets21€65k€56k▼
Tangible fixed assets22/27€140k€118k▼
Plant, machinery and equipment23€64k€41k▼
Furniture and vehicles24€942€11k▲
Other tangible fixed assets26€75k€66k▼
Current assets29/58€1.15M€873k▼
Stocks and contracts in progress3€864k€687k▼
Stocks30/36€864k€687k▼
Amounts receivable within one year40/41€64k€79k▲
Trade receivables40€60k€58k▼
Other amounts receivable41€3k€22k▲
Cash at bank and in hand54/58€208k€97k▼
Deferred charges and accrued income490/1€12k€10k▼
Equity and liabilities
Total equity and liabilities10/49€1.35M€1.05M▼
Equity10/15€564k€426k▼
Contributions10/11€19k€19k=
Reserves13€545k€407k▼
Distributable reserves133€545k€407k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€789k€622k▼
Amounts payable after more than one year17€143k€83k▼
Financial debts170/4€143k€83k▼
Amounts payable within one year42/48€641k€537k▼
Current portion of amounts payable after more than one year42€459k€310k▼
Financial debts43€21k€5k▼
Credit institutions430/8€21k€5k▼
Trade debts44€51k€118k▲
Suppliers440/4€51k€118k▲
Taxes, remuneration and social security45€72k€66k▼
Taxes450/3€37k€19k▼
Remuneration and social security454/9€35k€47k▲
Other amounts payable47/48€39k€39k=
Accrued charges and deferred income492/3€5k€1k▼
Income statement
Code20242025
Remuneration, social security and pensions62€438k€447k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€49k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€24k€-24k▼
Other operating charges640/8€9k€10k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€615k€370k▼
Operating profit (loss)9901€99k€-112k▼
Financial income75/76B€10k€5k▼
Recurring financial income75€10k€5k▼
Financial charges65/66B€49k€32k▼
Recurring financial charges65€49k€32k▼
Profit (loss) for the period before taxes9903€60k€-138k▼
Income taxes67/77€20k€0▼
Profit (loss) for the period9904€41k€-138k▼
Profit (loss) for the period to be appropriated9905€41k€-138k▼
Appropriation of the result
Profit (loss) to be appropriated9906€234k€-138k▼
Profit (loss) brought forward from the previous period14P€193k€0▼
Transfer from equity791/2€39k€138k▲
Transfer to equity691/2€234k€0▼
To other reserves6921€234k€0▼
Profit to be distributed694/7€39k€0▼
Return on contributions (dividend)694€39k€0▼
Social balance
Average headcount (FTE)90879.17.9▼
The notes to these accounts (13 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
31-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Permanent representative removal5 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Permanent representative removal5 facts ▸
- General meeting, 16/07/2026
- Director resignation, BV LTD (niet-statutaire bestuurder)
- Permanent representative removal, vaste vertegenwoordiger, 16/07/2026
- Director resignation, BV Omero (niet-statutaire bestuurder)
- Permanent representative removal, vaste vertegenwoordiger, 16/07/2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet €-138k ▼439%
Net result drops to €-138k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €500kEq €562k ▲19%
6 profitable years in a row build equity to €562k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €199k ▲80.7%
Operating result €273k, net result €199k, both a record.
31-12
Financial
Equity above €200kEq €369k ▲101%
4 profitable years in a row build equity to €369k.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150kEq €184k ▲87.3%
3 profitable years in a row build equity to €184k.
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
16-07-2026
BV LTD: Resigned as Non-statutory director
16-07-2026
BV Omero: Resigned as Non-statutory director
Location & real-estate footprint
Registered office, Leuven · 3 establishment units since 2007
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.
Diestsestraat 194C3000 LeuvenGround area
1,062 m²
Building footprint
666 m²
Volume, LiDAR
5,350 m³
3 parcels, Flanders · tallest building 13.4 m, ±4 floors. Linked by address, not a title deed.
3 establishment units
T & O BIKES
since 20072.163.288.951
T&O Bikes
since 20222.331.202.879
T & O Bikes
since 20232.345.885.018
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11004D0058/00G006 | Flanders | 394 m² | 1 · 30 m² | 2.5 m · 1 fl. |
| 24502B0037/00X000 | Flanders | 345 m² | 1 · 345 m² | 13.4 m · 2 fl. |
| 24502B0035/00L000 | Flanders | 323 m² | 1 · 291 m² | 12.4 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 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
2022 to 2025 · 3 entries · 4,550 EUR awarded · 4,550 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
| 2023 | 1 | 0 EUR | 1,800 EUR |
| 2022 | 1 | 2,550 EUR | 750 EUR |
Schemes
Aanwervingsincentive voor langdurig werkzoekenden (AWI) - Stopgezet
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Dual-learning approval
4 live approvalsFietshersteller (vwo)
Fietshersteller duaal (so)
Fietsinstallaties duaal (so)
Fietstechnicus (vwo)
Similar companies · same sector, comparable size
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DE FIETSENMAKER
BE 0832.151.320
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FIXOVELO
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URBAN TRI SPORTS
BE 0822.429.544
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JC IMMO
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Of 1,467 companies in sector 47632 we hold annual accounts for 733. 589 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-04-2007
Fiscal year end31-12
Activities, NACEBEL
47632Retail sale of bicycles
47785Retail trade
52492
52740
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.