Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 9 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TOP CYCLE from Gembloux, company number BE0461482646, closed financial year 2025 with a result of € 278 after tax. For that financial year TOP CYCLE recorded a gross margin of € 67,387 and equity of € 60,123. Compared with financial year 2024, the result moved from € -56,217 to € 278. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 16, 2026.
€ 60,123
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 278
▲ still € 56,217 loss in 2024
Profit after tax over the fiscal year.
€ 4,945
▲ 23% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 53,923.
People and assets in 2025
€ 12,729
▼ 30% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 485,971
▼ 4% vs 2024
€ 35,467 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 17,934
▼ 62% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,374
▲ 69% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 6,944 | € 55,306 | € 20,207 | € 67,387 | ▲ 233% |
| Profit after taxes | € -75,157 | € -23,780 | € -56,217 | € 278 | ▲ € 56,496 |
| Equity | € 139,842 | € 116,062 | € 59,845 | € 60,123 | |
| Total debts | € 819,913 | € 688,605 | € 597,898 | € 548,194 | ▼ 8% |
| Cash | € 47,981 | € 68,676 | € 4,023 | € 4,945 | ▲ 23% |
| Land & buildings | € 496,320 | € 457,487 | € 418,216 | € 377,363 | ▼ 10% |
| Retained profit | € 133,642 | € 109,862 | € 53,645 | € 53,923 | ▲ 1% |
| Bank debt | € 651,661 | € 624,201 | € 508,755 | € 485,971 | ▼ 4% |
| Balance sheet total | € 959,755 | € 804,667 | € 657,743 | € 608,316 | ▼ 8% |
| Employees (FTE) | 0.2 | - | - | - |
Key figures of TOP CYCLE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to TOP CYCLE?
What happened at TOP CYCLE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 278. Source: NBB ↗
- Julien KAISE became a director. NBB
- New establishment in Gembloux. KBO
- Start of the company according to the CBE. KBO
In short
From € 75,157 loss in 2022 to € 278 profit in 2025.
Paid € 217 in corporate taxes since 2022.
Best year ever: 2025, with € 278 profit.
Management
Behind TOP CYCLE are Julien KAISE and Daniel KAISE.
Directors
According to the 2025 annual accounts
Julien KAISE
Director
since 2019
Daniel KAISE
Director
Establishments
Establishment units
Physical locations of this company
Chaussée de Nivelles, Mazy 3 box D
5032 Gembloux
Chaussée de Nivelles, Mazy 3D
5032 Gembloux
Active since 8 October 1997
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Domain
Domain
topcyclemazy.com
Registered
2016-12-31
Registrar
Wix.com Ltd.
Expires
2026-12-31
Website info
Features
Details
- Company number
- 0461.482.646
- VAT number
- BE 0461.482.646
- Registered office
- Chaussée de Nivelles, Mazy 3 bus D, 5032 Gembloux
- Names & denominations
- TOP CYCLE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 September 1997
- Peppol
- Active · Active since 19 Dec 2025
- Contact
- topcyclemazy.com 0032473569941
- Activities · NACE
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