Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 50 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MORNING CYCLES from Schaarbeek, company number BE0712592088, closed financial year 2025 with a result of € 64,298 after tax. For that financial year MORNING CYCLES recorded revenue of € 2 million and equity of € 325,988. Compared with financial year 2024, the result moved from € 122,018 to € 64,298. The company is profitable. 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 June 4, 2026.
€ 325,988
▲ 18% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 64,298
▼ 47% vs 2024
Profit after tax over the fiscal year.
€ 162,751
▲ 7% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 14,040 paid out
22 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
16.3
▼ 2.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 675,996
▼ 2% vs 2024
€ 41,500 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.
€ 25,844
▼ 5% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 71,718
▼ 77% vs 2024
€ 27,526 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 102,134
▼ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 126,984
▼ 34% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | - | € 1,996,283 | |
| Gross margin | € 575,096 | € 679,369 | € 892,962 | € 836,136 | ▼ 6% |
| Profit after taxes | € 88,372 | € 28,906 | € 122,018 | € 64,298 | ▼ 47% |
| Equity | € 218,406 | € 193,312 | € 275,730 | € 325,988 | ▲ 18% |
| Total debts | € 785,246 | € 820,702 | € 726,916 | € 371,686 | ▼ 49% |
| Cash | € 124,171 | € 125,071 | € 151,509 | € 162,751 | ▲ 7% |
| Retained profit | € 120,606 | € 95,512 | € 177,930 | € 228,188 | ▲ 28% |
| Dividend | € 63,000 | € 54,000 | € 39,600 | € 14,040 | ▼ 65% |
| Bank debt | € 315,862 | € 332,958 | € 306,518 | € 71,718 | ▼ 77% |
| Balance sheet total | € 1,003,651 | € 1,014,014 | € 1,002,646 | € 697,674 | ▼ 30% |
| Employees (FTE) | - | - | 18.5 | 16.3 | ▼ 2.2 |
Key figures of MORNING 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 MORNING CYCLES?
What happened at MORNING CYCLES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New establishment in Sint-Pieters-Woluwe. KBO
- New annual accounts for financial year 2025: profit of € 64,298 (▼ 47% vs 2024). Source: NBB ↗
- New establishment in Schaarbeek. KBO
- New establishment in Sint-Joost-ten-Node. KBO
- New establishment in Brussel. KBO
- Jean-Philippe Gerkens became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 88,372 profit in 2022 to € 64,298 profit in 2025.
Paid € 61,370 in corporate taxes since 2022.
Best year ever: 2024, with € 122,018 profit.
On average € 51,300 of value added per employee in 2025.
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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 MORNING CYCLES is Jean-Philippe Gerkens.
Directors
According to the 2025 annual accounts
Jean-Philippe Gerkens
Director
since 2018
Establishments
Establishment units
Physical locations of this company
Charbolaan 79
1030 Schaarbeek
Titiaanstraat 2
1000 Brussel
Active since 25 October 2018
Kunstlaan 12
1210 Sint-Joost-ten-Node
Active since 17 September 2022
Leuvensesteenweg 329
1030 Schaarbeek
Active since 1 January 2024
Vrijwilligerslaan 195
1150 Sint-Pieters-Woluwe
Active since 22 July 2026
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.
Website
Technologies
Website info
Features
Details
- Company number
- 0712.592.088
- VAT number
- BE 0712.592.088
- Registered office
- Charbolaan 79, 1030 Schaarbeek
- Names & denominations
- MORNING CYCLES
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 October 2018
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Detailhandel in fietsen
Detailhandel in overige sportartikelen
Detailhandel in fietsen in gespecialiseerde winkels
Verhuur en lease van sport- en recreatieartikelen
Markt- en opinieonderzoek
Reparatie en onderhoud van consumentenartikelen, neg
Overige sportactiviteiten, neg
Verenigingen op het vlak van milieu en mobiliteit
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