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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Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 13 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
COOL ELECTRO CYCLES from Roeselare, company number BE0600900548, closed financial year 2025 with a result of € -2.1 million after tax. For that financial year COOL ELECTRO CYCLES recorded revenue of € 13.1 million and equity of € -835,489. Compared with financial year 2024, the result moved from € -346,228 to € -2.1 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 17, 2026.
€ -835,489
▼ € 2.1 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.1 million
▼ 507 % more loss than in 2024
Profit after tax over the fiscal year.
€ 288,034
▼ 54% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.9 million.
People and assets in 2025
32.4
▼ 7.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.9 million
▼ 9% vs 2024
€ 58,700 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.
€ 119,789
▼ 22% vs 2024
Of which on lease € 56,247.
Debts at end 2025
€ 5.3 million
▼ 2% vs 2024
€ 708,703 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 1.4 million
▼ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 43 days on average.
€ 466,178
▼ 9% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 15,552,283 | € 13,091,898 | ▼ 16% |
| Gross margin | € 1,833,525 | € 2,201,795 | - | - | |
| Profit after taxes | € 106,089 | € -77,247 | € -346,228 | € -2,102,707 | ▼ € 1.8 million |
| Equity | € 650,693 | € 573,446 | € 1,267,217 | € -835,489 | ▼ € 2.1 million |
| Total debts | € 5,755,954 | € 7,120,559 | € 7,555,411 | € 7,219,420 | ▼ 4% |
| Cash | € 332,726 | € 364,682 | € 631,352 | € 288,034 | ▼ 54% |
| Retained profit | € 632,093 | € 554,846 | € 208,617 | € -1,894,089 | ▼ € 2.1 million |
| Bank debt | € 2,908,339 | € 4,138,487 | € 5,441,945 | € 5,318,928 | ▼ 2% |
| Balance sheet total | € 6,406,647 | € 7,694,004 | € 8,822,629 | € 6,383,931 | ▼ 28% |
| Employees (FTE) | 30.4 | 35.1 | 39.7 | 32.4 | ▼ 7.3 |
Key figures of COOL ELECTRO CYCLES, 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 COOL ELECTRO CYCLES?
What happened at COOL ELECTRO CYCLES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 2.1 million. filed late Source: NBB ↗
- Kris Voet became a director. NBB
- Cédric de Kerchove de Denterghem became a director. NBB
- Valérie Le Duc became a director. NBB
- New establishment in Ukkel. KBO
- New establishment in Maldegem. KBO
- New establishment in Lede. KBO
- New establishment in Merelbeke-Melle. KBO
In short
From € 106,089 profit in 2022 to € 2.1 million loss in 2025.
Paid € 40,359 in corporate taxes since 2022.
Best year ever: 2022, with € 106,089 profit.
On average € 62,700 of value added per employee in 2023.
Management
Behind COOL ELECTRO CYCLES are Kris Voet, Cédric de Kerchove de Denterghem and Valérie Le Duc. It owns 100% of CYCLODOME itself.
Directors
According to the 2025 annual accounts
since 2025
since 2025
since 2025
Establishments
Establishment units
Physical locations of this company
Hoogleedsesteenweg 155
8800 Roeselare
de Smet de Naeyerlaan 98
8370 Blankenberge
Active since 11 March 2015
Gentseweg 587
8793 Waregem
Active since 4 April 2018
Doorniksestraat(Kor) 34
8500 Kortrijk
Active since 14 July 2020
Menenstraat 36
8900 Ieper
Active since 15 March 2021
Vindictivelaan 13
8400 Oostende
Active since 1 March 2021
Brusselsesteenweg 28
3020 Herent
Active since 1 April 2022
Hofstraat 1-7
8820 Torhout
Active since 1 February 2022
Brusselsesteenweg 264
9090 Merelbeke-Melle
Active since 1 June 2022
Grote Steenweg 95
9340 Lede
Active since 4 July 2022
Waterloosesteenweg 1255
1180 Ukkel
Active since 1 October 2022
Staatsbaan 2
9991 Maldegem
Active since 1 October 2022
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0600.900.548
- VAT number
- BE 0600.900.548
- Registered office
- Hoogleedsesteenweg 155, 8800 Roeselare
- Names & denominations
- COOL ELECTRO CYCLES
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 March 2015
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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