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 17 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Belgian Cycling Group from Meerhout, company number BE0471373478, closed financial year 2025 with a result of € 317,391 after tax. For that financial year Belgian Cycling Group recorded revenue of € 2 million and equity of € 6 million. Compared with financial year 2024, the result moved from € 390,867 to € 317,391. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 19, 2026.
€ 6 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 317,391
▼ 19% vs 2024
Profit after tax over the fiscal year.
€ 3,611
▼ 90% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 250,000 paid out
79 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
10.3
▼ 2.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▼ 24% vs 2024
€ 102,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 21,134
▼ 78% vs 2024
Of which on lease € 21,134.
Debts at end 2025
€ 4.3 million
▼ 1% vs 2024
€ 523,805 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 1.5 million
▲ 241% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 1029 days on average.
€ 175,471
▼ 33% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,263,167 | € 2,062,991 | € 2,457,068 | € 1,981,596 | ▼ 19% |
| Profit after taxes | € 381,641 | € 448,305 | € 390,867 | € 317,391 | ▼ 19% |
| Equity | € 5,765,703 | € 5,814,008 | € 5,954,875 | € 6,022,266 | ▲ 1% |
| Total debts | € 4,213,582 | € 4,745,183 | € 6,550,573 | € 7,020,208 | ▲ 7% |
| Cash | € 38,864 | € 32,075 | € 36,039 | € 3,611 | ▼ 90% |
| Land & buildings | € 300,000 | € 300,000 | € 300,000 | € 300,000 | |
| Retained profit | € 2,475,703 | € 2,524,008 | € 2,664,875 | € 2,732,266 | ▲ 3% |
| Dividend | € 250,000 | € 400,000 | € 250,000 | € 250,000 | |
| Bank debt | € 3,043,302 | € 2,959,307 | € 4,348,010 | € 4,310,820 | ▼ 1% |
| Balance sheet total | € 9,979,285 | € 10,559,191 | € 12,505,448 | € 13,042,474 | ▲ 4% |
| Employees (FTE) | 6.1 | 11 | 12.6 | 10.3 | ▼ 2.3 |
Key figures of Belgian Cycling Group, 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 Belgian Cycling Group?
What happened at Belgian Cycling Group in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 317,391 (▼ 19% vs 2024). Source: NBB ↗
- Belgian Cycling Management BV became a director. NBB
- New establishment in Meerhout. KBO
- Start of the company according to the CBE. KBO
In short
From € 381,641 profit in 2022 to € 317,391 profit in 2025.
Paid € 181,028 in corporate taxes since 2022.
Best year ever: 2023, with € 448,305 profit.
Paid out € 1.2 million in dividends to the owners in total.
Management
Behind Belgian Cycling Group is Belgian Cycling Management BV. It owns 100% of Belgian Cycling Club, 100% of Belgian Cycling Factory Asia Ltd, 95.2% of Belgian Cycling Factory, 90.3% of Bikeville and 50% of Race Solutions (in vereffening) itself.
Directors
According to the 2025 annual accounts
Director · represented by Jochim Aerts
Also active at: Belgian Cycling Club, BIKEVILLE
since 2023
Establishments
Establishment units
Physical locations of this company
Hovesteenseweg 81
2450 Meerhout
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0471.373.478
- VAT number
- BE 0471.373.478
- Registered office
- Hovesteenseweg 81, 2450 Meerhout
- Names & denominations
- Belgian Cycling Group · BCG
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 March 2000
- Peppol
- Active · Active since 7 Oct 2025
- Activities · NACE
Activiteiten van hoofdkantoren
Managementactiviteiten van holdings
Activiteiten van holdings
Holdings
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