Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 11 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
Cycles Verts from Bastogne, company number BE0645636849, closed financial year 2024 with a result of € -94,830 after tax. For that financial year Cycles Verts recorded a gross margin of € 253,969 and equity of € -453,642. Compared with financial year 2023, the result moved from € -56,894 to € -94,830. 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 28, 2025.
€ -453,642
▼ € 94,830 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -94,830
▼ 67 % more loss than in 2023
Profit after tax over the fiscal year.
€ 35,659
▲ 153% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -528,642.
People and assets in 2024
7.2
Average over the fiscal year, from the social balance sheet.
€ 259,007
▲ 19% vs 2023
€ 36,000 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.
€ 128,997
▲ 25% vs 2023
Of which on lease € 68,750.
Debts at end 2024
€ 108,522
▼ 23% vs 2023
€ 28,354 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 161,317
▲ 36% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 24,243
▲ 16% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 315,667 | € 232,617 | € 247,802 | € 253,969 | ▲ 2% |
| Profit after taxes | € -100,576 | € -144,942 | € -56,894 | € -94,830 | ▼ € 37,936 |
| Equity | € -156,977 | € -301,919 | € -358,813 | € -453,642 | ▼ € 94,830 |
| Total debts | € 876,885 | € 989,837 | € 951,693 | € 1,163,059 | ▲ 22% |
| Cash | € 19,877 | € 36,395 | € 14,116 | € 35,659 | ▲ 153% |
| Land & buildings | € 243,083 | € 222,309 | € 202,979 | € 186,659 | ▼ 8% |
| Retained profit | € -231,977 | € -376,919 | € -433,813 | € -528,642 | ▼ € 94,830 |
| Bank debt | € 242,006 | € 191,429 | € 141,013 | € 108,522 | ▼ 23% |
| Balance sheet total | € 719,908 | € 687,918 | € 592,880 | € 709,417 | ▲ 20% |
| Employees (FTE) | 11.2 | 9.1 | 0 | 7.2 |
Key figures of Cycles Verts, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Cycles Verts?
What happened at Cycles Verts in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 94,830. filed late Source: NBB ↗
- New establishment in Bastogne. KBO
- Start of the company according to the CBE. KBO
- Lo-Yun PAI became a director. NBB
In short
From € 100,576 loss in 2021 to € 94,830 loss in 2024.
Paid € 1,034 in corporate taxes since 2021.
On average € 35,300 of value added per employee in 2024.
A new publication or filing at Cycles Verts? We notify you, reason included.
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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
Directors
According to the 2024 annual accounts
Lo-Yun PAI
Director
since 2015
Establishments
Establishment units
Physical locations of this company
rue de la Californie 100
6600 Bastogne
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0645.636.849
- VAT number
- BE 0645.636.849
- Registered office
- rue de la Californie 100, 6600 Bastogne
- Names & denominations
- Cycles Verts
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 January 2016
- Peppol
- Active · Active since 6 Mar 2026
- Activities · NACE
Teelt van groenten, meloenen en wortel- en knolgewassen
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte < 100 m²)
Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden
Vervaardiging van filtreertoestellen
Eetgelegenheden met beperkte bediening