WHEELPALACE
ActiveWHEELPALACE has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €314k and a net result of €-196k. Equity is shrinking by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 89% of 17964 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency99▼-1
Growth32=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days only on tighter terms
Liquidity ample (current ratio 1.98 against 3.97 in 2024), and 17.7% 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€196k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
35 d early
2023
34 d early
2022
32 d early
2021
31 d early
2020
30 d early
2019
36 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€314k▼ 38.4%
2024 · €510k
2018: €599k
2019: €641k
2020: €743k
2021: €756k
2022: €766k
2023: €650k
2024: €510k
2018 → 2025
Total assets
€382k▼ 34.9%
2024 · €586k
2018: €896k
2019: €1.00M
2020: €1.07M
2021: €1.03M
2022: €1.05M
2023: €915k
2024: €586k
2018 → 2025
Net result
€-196k▼ 39.9%
2024 · €-140k
2018: €33k
2019: €41k
2020: €103k
2021: €13k
2022: €12k
2023: €-116k
2024: €-140k
2018 → 2025
Working capital
€66k▼ 70.9%
2024 · €227k
2018: €160k
2019: €223k
2020: €358k
2021: €395k
2022: €432k
2023: €346k
2024: €227k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€756k-€766k▲ 1.3%€650k▼ 15.2%€510k▼ 21.5%€314k▼ 38.4%
Operating result€24k-€24k▲ 0.4%€-104k€-129k▼ 24.1%€-192k▼ 48.3%
Net result€13k-€12k▼ 8.3%€-116k€-140k▼ 20.4%€-196k▼ 39.9%
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 stays negative: a loss of €192k in 2025 against €129k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €382k
Fixed assets
€249k▼ 12.3%
Current assets
€133k▼ 56.0%
Equity and liabilities €382k
Equity
€314k▼ 38.4%
Debt
€68k▼ 11.4%
The debt ratio rises from 13.0% to 17.7%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€-157k▼
2024 · €-96k
Cash flow
€-161k▼
2024 · €-106k
Solvency
82.3%▼
2024 · 87.0%
Current ratio
1.98▼
2024 · 3.97
Quick ratio
0.33▼
2024 · 1.12
Debt / equity
0.21▲
2024 · 0.15
ROE
-62.2%▼
2024 · -27.4%
ROA
-51.2%▼
2024 · -23.9%
Interest coverage
-40.87▼
2024 · -9.17
Debt
€68k▼
2024 · €76k
Debt ≤ 1 year
€68k▼
2024 · €76k
Staff costs
€790▼
2024 · €39k
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€586k€382k▼
Fixed assets21/28€283k€249k▼
Tangible fixed assets22/27€283k€249k▼
Land and buildings22€246k€219k▼
Plant, machinery and equipment23€30k€25k▼
Furniture and vehicles24€7k€5k▼
Current assets29/58€303k€133k▼
Stocks and contracts in progress3€218k€111k▼
Stocks30/36€218k€111k▼
Amounts receivable within one year40/41€19k€17k▼
Trade receivables40€19k-
Other amounts receivable41-€17k
Cash at bank and in hand54/58€66k€6k▼
Deferred charges and accrued income490/1€528€283▼
Equity and liabilities
Total equity and liabilities10/49€586k€382k▼
Equity10/15€510k€314k▼
Contributions10/11€494k€494k=
Reserves13€261k€261k=
Distributable reserves133€261k€261k=
Profit (loss) carried forward14€-245k€-440k▼
Amounts payable17/49€76k€68k▼
Amounts payable within one year42/48€76k€68k▼
Financial debts43€65k€65k=
Credit institutions430/8€65k€65k=
Trade debts44€8k€3k▼
Suppliers440/4€8k€3k▼
Taxes, remuneration and social security45€3k-
Taxes450/3€2k-
Remuneration and social security454/9€582-
Income statement
Code20242025
Non-recurring operating income76A€11k-
Remuneration, social security and pensions62€39k€790▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€35k▲
Other operating charges640/8€8k€6k▼
Gross operating margin9900€-49k€-150k▼
Operating profit (loss)9901€-129k€-192k▼
Financial charges65/66B€10k€4k▼
Recurring financial charges65€10k€4k▼
Profit (loss) for the period before taxes9903€-140k€-196k▼
Income taxes67/77€18-
Profit (loss) for the period9904€-140k€-196k▼
Profit (loss) for the period to be appropriated9905€-140k€-196k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-245k€-440k▼
Profit (loss) brought forward from the previous period14P€-105k€-245k▼
The notes to these accounts (7 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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-196k
Net result drops to €-196k, the lowest in the series.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €103k ▲148%
Operating result €148k, net result €103k, both a record.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Oudenaarde · 1 establishment unit since 2008
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.
Ambachtsstraat 69700 OudenaardeGround area
2,581 m²
Building footprint
35 m²
Volume, LiDAR
172 m³
Parcel 45502A0521/00F000, Flanders · tallest building 7.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Wheelpalace
since 20082.176.629.619
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45502A0521/00F000 | Flanders | 2,580 m² | 1 · 35 m² | 7.5 m · 1 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.
Similar companies · same sector, comparable size
Fietsservice Bevel
BE 0668.640.695
Nijlen · Eq €315k
THE BARRACUDA COMPANY
BE 0463.638.422
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AVA FIETSEN
BE 0863.677.112
Halle · Eq €316k
NCD CONSULT
BE 0863.020.975
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DZC Service
BE 0884.645.047
Stekene · Eq €311k
Of 1,451 companies in sector 47632 we hold annual accounts for 720. 603 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-12-2008
Fiscal year end31-12
Activities, NACEBEL
47632Retail sale of bicycles
47785Retail trade
47789Other retail sale of new goods
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.