Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 4.9 to 3.
Financials
Financial year 2024
The.Team: Cycling from Mechelen, company number BE0670812012, closed financial year 2024 with a result of € 278,169 after tax. For that financial year The.Team: Cycling recorded a gross margin of € 696,826 and equity of € 666,751. Compared with financial year 2023, the result moved from € 269,875 to € 278,169. Profitable, and profit is growing. 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 August 28, 2025.
€ 666,751
▲ 72% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 278,169
▲ 3% vs 2023
Profit after tax over the fiscal year.
€ 737,540
▲ 179% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 641,751.
People and assets in 2024
3
▼ 0.8 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 269,160
▼ 27% vs 2023
€ 89,700 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.
€ 24,849
▼ 11% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 213,592
▲ € 204,857 vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 72,175
▲ 15% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 812,969 | € 813,708 | € 798,632 | € 696,826 | ▼ 13% |
| Profit after taxes | € 198,778 | € 257,529 | € 269,875 | € 278,169 | ▲ 3% |
| Equity | € 481,358 | € 738,887 | € 388,582 | € 666,751 | ▲ 72% |
| Total debts | € 1,230,536 | € 1,256,984 | € 71,226 | € 285,768 | ▲ € 214,541 |
| Cash | € 108,015 | € 97,357 | € 264,787 | € 737,540 | ▲ 179% |
| Land & buildings | € 1,000,919 | € 945,188 | - | - | |
| Retained profit | € 456,358 | € 713,887 | € 363,582 | € 641,751 | ▲ 77% |
| Dividend | € 0 | € 0 | € 620,180 | € 0 | ▼ 100% |
| Bank debt | € 1,069,578 | € 1,180,322 | € 0 | € 0 | |
| Balance sheet total | € 1,711,894 | € 1,995,871 | € 459,808 | € 952,519 | ▲ 107% |
| Employees (FTE) | 3.7 | 4.9 | 3.8 | 3 | ▼ 0.8 |
Key figures of The.Team: Cycling, 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 The.Team: Cycling?
What happened at The.Team: Cycling in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 278,169 (▲ 3% vs 2023). filed late Source: NBB ↗
- Richard George Tufano became a director. NBB
- Fahri Kerem Mussein Ecvet became a director. NBB
- New establishment in Mechelen. KBO
- Start of the company according to the CBE. KBO
In short
From € 198,778 profit in 2021 to € 278,169 profit in 2024.
Paid € 368,428 in corporate taxes since 2021.
Best year ever: 2024, with € 278,169 profit.
On average € 232,300 of value added per employee in 2024.
A new publication or filing at The.Team: Cycling? 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
Behind The.Team: Cycling are Richard George Tufano and Fahri Kerem Mussein Ecvet.
Directors
According to the 2024 annual accounts
Richard George Tufano
Director
since 2023
Fahri Kerem Mussein Ecvet
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Sint-Janstraat 9
2800 Mechelen
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
- 0670.812.012
- VAT number
- BE 0670.812.012
- Registered office
- Sint-Janstraat 9, 2800 Mechelen
- Names & denominations
- The.Team: Cycling
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 February 2017
- Peppol
- Active · Active since 21 Jan 2026
- Activities · NACE
Activiteiten van managers van artiesten, sportlui en overige bekende personaliteiten
Catering van evenementen
Activiteiten van managers van artiesten, sportlui en overige bekende pesonaliteiten
Activiteiten van holdings
Overige rechtskundige dienstverlening
Activiteiten van hoofdkantoren
Activiteiten van adviesbureaus op het gebied van public relations en communicatie
Adviesbureaus op het gebied van public relations en communicatie
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