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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Shrinking team NBB
FTE fell two years in a row, from 3.3 to 0.5.
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Busy address KBO
46 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
We Ride from Gent, company number BE0687797702, closed financial year 2025 with a result of € 272,652 after tax. For that financial year We Ride recorded a gross margin of € 489,940 and equity of € 116,153. Compared with financial year 2024, the result moved from € 302,564 to € 272,652. The company is profitable. 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 June 22, 2026.
€ 116,153
▼ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 272,652
▼ 10% vs 2024
Profit after tax over the fiscal year.
€ 1.3 million
▲ 12% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 290,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
0.5
▼ 1.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 91,592
▼ 8% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 458,186
▲ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 40,753
▲ 56% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 840,558 | € 523,778 | € 531,565 | € 489,940 | ▼ 8% |
| Profit after taxes | € 731,653 | € 300,902 | € 302,564 | € 272,652 | ▼ 10% |
| Equity | € 430,036 | € 130,937 | € 133,501 | € 116,153 | ▼ 13% |
| Total debts | € 1,466,822 | € 1,844,074 | € 1,481,791 | € 1,563,550 | ▲ 6% |
| Cash | € 692,291 | € 549,960 | € 1,177,649 | € 1,313,094 | ▲ 12% |
| Retained profit | € 330,036 | € 30,937 | € 33,501 | € 16,153 | ▼ 52% |
| Dividend | € 0 | € 600,000 | € 300,000 | € 290,000 | ▼ 3% |
| Balance sheet total | € 1,896,858 | € 1,975,011 | € 1,615,292 | € 1,679,703 | ▲ 4% |
| Employees (FTE) | 2.1 | 3.3 | 1.6 | 0.5 | ▼ 1.1 |
Key figures of We Ride, 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 We Ride?
What happened at We Ride in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 272,652 (▼ 10% vs 2024). Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 731,653 profit in 2022 to € 272,652 profit in 2025.
Paid € 300,396 in corporate taxes since 2022.
Best year ever: 2022, with € 731,653 profit.
On average € 332,200 of value added per employee in 2024.
Management
Behind We Ride are Score Agency BV, Wim Tack, Tomas Van Den Spiegel and Impuls Factory BV. The shares are held by De Vijver (50%) and Golazo Sports nv (50%).
Directors
According to the 2025 annual accounts
Director · represented by Michel Francken
Also active at: SPORTIZON, Pro Cycling Events, THE WORKING GROUP
Wim Tack
Director
Also active at: DECOR-OYENBRUG, Centrum Ronde van Vlaanderen VZW, SBS MEDIA BELGIUM, MaRo, Play Media, WK 2021, Fabiola Group, FLANDERS CLASSICS +3 more
Tomas Van Den Spiegel
Director
Also active at: Centrum Ronde van Vlaanderen VZW, DE SPOR, Deklat Binnen, SportHouse Group, GRIP SPORTS CONSULTANCY, ORGANISATIE GENT-WEVELGEM, Masters of Madness
Director · represented by Christophe Impens
Also active at: GOLAZO SPORTS, SERCU GLOBAL CONSULTING, Pro Cycling Events
Shareholders
50%
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Ottergemsesteenweg-Zuid 808
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 46 companies are registered at this address.
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€ 2.5 million revenue · 2026
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€ 136,551 gross margin · 2025
+41 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0687.797.702
- VAT number
- BE 0687.797.702
- Registered office
- Ottergemsesteenweg-Zuid 808, 9000 Gent
- Names & denominations
- We Ride
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 January 2018
- Peppol
- Active · Active since 8 Oct 2025
- Activities · NACE
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