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 60 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
CYCLES MUSELLE from Hannut, company number BE0717636286, closed financial year 2025 with a result of € -4,049 after tax. For that financial year CYCLES MUSELLE recorded a gross margin of € 88,649 and equity of € 568,936. Compared with financial year 2024, the result moved from € 56,128 to € -4,049. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 6, 2026.
€ 568,936
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4,049
▼ still € 56,128 profit in 2024
Profit after tax over the fiscal year.
€ 212,833
▲ 4% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 550,336.
People and assets in 2025
1
Average over the fiscal year, from the social balance sheet.
€ 74,605
▲ 3% vs 2024
€ 74,600 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.
€ 31,367
▲ 153% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 43,692
▼ 20% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 32,748
▼ 8% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 284,262 | € 188,075 | € 167,046 | € 88,649 | ▼ 47% |
| Profit after taxes | € 143,960 | € 61,780 | € 56,128 | € -4,049 | ▼ € 60,177 |
| Equity | € 455,077 | € 516,857 | € 572,985 | € 568,936 | ▼ 1% |
| Total debts | € 506,418 | € 475,421 | € 390,486 | € 368,039 | ▼ 6% |
| Cash | € 64,998 | € 99,762 | € 205,257 | € 212,833 | ▲ 4% |
| Retained profit | € 436,477 | € 498,257 | € 554,385 | € 550,336 | ▼ 1% |
| Bank debt | € 13,924 | € 8,898 | € 5,082 | € 0 | ▼ 100% |
| Balance sheet total | € 961,495 | € 992,278 | € 963,471 | € 936,975 | ▼ 3% |
| Employees (FTE) | 1 | 1 | 1 | 1 |
Key figures of CYCLES MUSELLE, 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 CYCLES MUSELLE?
What happened at CYCLES MUSELLE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 4,049 (▼ € 60,177 vs 2024). filed late Source: NBB ↗
- Cycles David SRL became a director. NBB
- Munic Management SRL became a director. NBB
- New establishment in Hannut. KBO
- Start of the company according to the CBE. KBO
- PIERRE MUSELLE became a director. NBB
In short
From € 143,960 profit in 2022 to € 4,049 loss in 2025.
Paid € 87,085 in corporate taxes since 2022.
Best year ever: 2022, with € 143,960 profit.
On average € 88,600 of value added per employee in 2025.
Management
The stake of MUNIC MANAGEMENT, CYCLES DAVID comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CYCLES MUSELLEBehind CYCLES MUSELLE are Cycles David SRL, Munic Management SRL and PIERRE MUSELLE. The shares are held by MUNIC MANAGEMENT (49%) and CYCLES DAVID (49%).
Directors
According to the 2025 annual accounts
Director · represented by David Muselle
since 2024
Director · represented by Nicolas Muselle
since 2024
PIERRE MUSELLE
Director
since 2019
Shareholders
49%
49%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Zénobe Gramme 71
4280 Hannut
Rue de l'Europe 13
4280 Hannut
Active since 4 January 2019
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
Hosting & Email
Email provider
Self-hosted
Hosting
VERIXI, BE
Domain
Domain
cyclesmuselle.be
Registered
2011-12-15
Website info
Features
Security
Details
- Company number
- 0717.636.286
- VAT number
- BE 0717.636.286
- Registered office
- Rue Zénobe Gramme 71, 4280 Hannut
- Names & denominations
- CYCLES MUSELLE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 January 2019
- Peppol
- Active · Active since 22 Dec 2025
- Contact
- cyclesmuselle.be
- Activities · NACE
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