Financials
Financial year 2025
CAPTAINS OF CYCLING from Etterbeek, company number BE0478242662, closed financial year 2025 with a result of € -206,592 after tax. For that financial year CAPTAINS OF CYCLING recorded revenue of € 17.2 million and equity of € 201,472. Compared with financial year 2024, the result moved from € 4,325 to € -206,592. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 201,472
▼ 48% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -206,592
▼ still € 4,325 profit in 2024
Profit after tax over the fiscal year.
€ 477,835
▲ 9% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -348,124.
People and assets in 2025
40.4
▼ 5.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 7.8 million
▼ 8% vs 2024
€ 193,500 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.
€ 488,646
▼ 12% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.1 million
▼ 5% vs 2024
€ 707,688 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 1.7 million
▲ 150% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 55 days on average.
€ 616,259
▼ 4% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 16,750,691 | € 17,180,274 | ▲ 3% |
| Gross margin | € 9,062,395 | € 11,397,722 | - | - | |
| Profit after taxes | € 1,200 | € -145,856 | € 4,325 | € -206,592 | ▼ € 210,917 |
| Equity | € 468,356 | € 339,289 | € 385,264 | € 201,472 | ▼ 48% |
| Total debts | € 2,572,057 | € 3,775,561 | € 5,935,926 | € 3,883,037 | ▼ 35% |
| Cash | € 756,849 | € 466,935 | € 440,238 | € 477,835 | ▲ 9% |
| Retained profit | € 21,256 | € -124,601 | € -120,276 | € -348,124 | ▼ € 227,848 |
| Bank debt | € 0 | € 1,231,744 | € 1,179,229 | € 1,124,173 | ▼ 5% |
| Balance sheet total | € 3,052,273 | € 4,114,851 | € 6,321,191 | € 4,084,509 | ▼ 35% |
| Employees (FTE) | 36.3 | 39.6 | 45.8 | 40.4 | ▼ 5.4 |
Key figures of CAPTAINS OF CYCLING, 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 CAPTAINS OF CYCLING?
What happened at CAPTAINS OF CYCLING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 206,592 (▼ € 210,917 vs 2024). Source: NBB ↗
- New establishment in Etterbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,200 profit in 2022 to € 206,592 loss in 2025.
Paid € 219,313 in corporate taxes since 2022.
Best year ever: 2024, with € 4,325 profit.
On average € 287,800 of value added per employee in 2023.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of be-advised comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CAPTAINS OF CYCLINGBehind CAPTAINS OF CYCLING are Marc Genin, Jean-François Bourlart, Bénédicte Lobelle, Gregory Maes, Filip De Koster and Marleen Mannekens. The shares are held by be-advised (3.2%).
Directors
According to the 2025 annual accounts
Marc Genin
Director
Jean-François Bourlart
Persoon belast met dagelijks bestuur
Gregory Maes
Director
Filip De Koster
Director
Marleen Mannekens
Director
Olivier Alsteens
Director
Karel Van Eetvelt
Director
Jannie Haek
Director
Els Verhaegen
Director
Shareholders
3.2%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Belliardstraat 25-33
1040 Etterbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0478.242.662
- VAT number
- BE 0478.242.662
- Registered office
- Belliardstraat 25-33, 1040 Etterbeek
- Names & denominations
- CAPTAINS OF CYCLING
- Enterprise type
- Rechtspersoon
- Legal form
- Cooperative company
- Legal situation
- Normale toestand
- Start date
- 2 September 2002
- Peppol
- Active · Active since 27 Mar 2026
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