Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 47 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Cycling Vlaanderen from Gent, company number BE0475792918, closed financial year 2025 with a result of € 104,283 after tax. For that financial year Cycling Vlaanderen recorded a gross margin of € 3 million and equity of € 1.4 million. Compared with financial year 2024, the result moved from € -43,679 to € 104,283. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on March 31, 2026.
€ 1.4 million
▲ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 104,283
▲ still € 43,679 loss in 2024
Profit after tax over the fiscal year.
€ 517,494
▼ 28% vs 2024
Cash and bank balances on the last day of the fiscal year.
People and assets in 2025
22.5
▼ 1.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.3 million
▲ 3% vs 2024
€ 102,200 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.
€ 291,015
▼ 12% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 254,344
▼ 20% vs 2024
€ 65,419 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 502,851
▼ 36% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 310,014
▲ 3% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,492,366 | € 3,149,253 | € 2,910,892 | € 3,027,041 | ▲ 4% |
| Profit after taxes | € -129,774 | € 72,371 | € -43,679 | € 104,283 | ▲ € 147,962 |
| Equity | € 1,294,123 | € 1,366,494 | € 1,322,815 | € 1,427,099 | ▲ 8% |
| Total debts | € 2,489,338 | € 3,222,662 | € 3,286,573 | € 2,866,190 | ▼ 13% |
| Cash | € 1,574,787 | € 1,512,713 | € 722,136 | € 517,494 | ▼ 28% |
| Retained profit | € 404,713 | € 477,084 | € 433,405 | € 537,689 | ▲ 24% |
| Bank debt | € 8,926 | € 383,858 | € 317,535 | € 254,344 | ▼ 20% |
| Balance sheet total | € 4,055,172 | € 4,610,156 | € 4,630,388 | € 4,329,543 | ▼ 6% |
| Employees (FTE) | 23.9 | 22.7 | 24 | 22.5 | ▼ 1.5 |
Key figures of Cycling Vlaanderen, 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 Cycling Vlaanderen?
What happened at Cycling Vlaanderen in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Marc Van Den Eynde stepped down as director. NBB
- Tom Van den Haute stepped down as director. NBB
- Stefaan Lauwaert stepped down as director. NBB
- Hugo Serin stepped down as director. NBB
- Bjorn Leenkneght stepped down as director. NBB
- Geert Barbry stepped down as director. NBB
- Vlaamse Wielerschool VZW stepped down as director. NBB
- Carina Van Cauter stepped down as director. NBB
In short
From € 129,774 loss in 2022 to € 104,283 profit in 2025.
Best year ever: 2025, with € 104,283 profit.
On average € 134,500 of value added per employee in 2025.
Management
Directors
According to the 2025 annual accounts
Alexander Onclin
Director
since 2022 · until 2026
Tom Van den Haute
Director
since 2023 · until 2027
since 2023 · until 2027
since 2023 · until 2027
Bjorn Leenkneght
Director
since 2023 · until 2027
since 2020 · until 2027
since 2023 · until 2025
Director · represented by Marc Wauters
since 2018 · until 2027
Carina Van Cauter
Director
Also active at: ROYALE LIGUE VELOCIPEDIQUE BELGE, i-mens Thuishulp, i-mens, Zelfstandige Thuisverpleging i-mens, i-mens Thuisverpleging, Vrijwilligerswerk i-mens, De Sloep i-mens, Partners in Solidariteit vzw +2 more
since 2019 · until 2027
since 2023 · until 2027
Griet Langedock
Director
since 2023 · until 2027
since 2023 · until 2027
since 2023 · until 2027
Patsy Maegerman
Director
since 2023 · until 2027
Frédéric Busschaert
Director
Also active at: BELEXA ADVOCATEN, Belexa & Partners, FREDERIC BUSSCHAERT
since 2019 · until 2027
Marc Van Den Eynde
Director
since 2024 · until 2027
Koen Bredael
Director
since 2023 · until 2027
Establishments
Establishment units
Physical locations of this company
Strandlaan 3
9000 Gent
Oude Bruggeweg 7
8810 Lichtervelde
Active since 1 January 2019
Strandlaan 3a
9000 Gent
Active since 1 January 2019
Europalaan 71
2470 Retie
Active since 1 January 2019
Hertogstraat 203/2
3001 Leuven
Active since 1 January 2019
Deusterstraat 74C box bus2
3990 Peer
Active since 1 January 2019
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.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Self-hosted
Hosting
LEVEL27-AS * Please direct all complaints to [email protected] *, BE
Domain
Domain
cycling.vlaanderen
Registered
2015-01-15
Registrar
Combell nv
Expires
2027-01-15
Website info
Features
Security
Network
Details
- Company number
- 0475.792.918
- VAT number
- BE 0475.792.918
- Registered office
- Strandlaan 3, 9000 Gent
- Names & denominations
- Cycling Vlaanderen · Cyv
- Enterprise type
- Rechtspersoon
- Legal form
- Non-profit association
- Legal situation
- Normale toestand
- Start date
- 3 July 2001
- Peppol
- Active · Active since 12 Jun 2025
- Activities · NACE
Activiteiten van sportbonden en -federaties
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Webportalen