Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Shrinking team NBB
FTE fell two years in a row, from 26.6 to 19.
Financials
Financial year 2025
Classified Cycling from Antwerpen, company number BE0733606545, closed financial year 2025 with a result of € -4.9 million after tax. For that financial year Classified Cycling recorded a gross margin of € -2.2 million and equity of € 18.4 million. Compared with financial year 2024, the result moved from € -7.4 million to € -4.9 million. The company made a loss. 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 15, 2026.
€ 18.4 million
▲ 25% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4.9 million
▲ 33 % less loss than in 2024
Profit after tax over the fiscal year.
€ 7.8 million
▲ 54% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -26.4 million.
People and assets in 2025
19
▼ 4.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.6 million
▼ 17% vs 2024
€ 83,700 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.
€ 66,078
▼ 27% 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.
€ 616,188
▼ 34% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 138,044
▼ 34% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -2,233,670 | € -2,734,673 | € -3,823,238 | € -2,232,268 | ▲ € 1.6 million |
| Profit after taxes | € -4,391,523 | € -6,216,959 | € -7,375,870 | € -4,945,282 | ▲ € 2.4 million |
| Equity | € 13,628,598 | € 13,686,882 | € 14,807,007 | € 18,443,989 | ▲ 25% |
| Total debts | € 3,686,061 | € 958,288 | € 1,949,646 | € 815,810 | ▼ 58% |
| Cash | € 7,716,963 | € 3,936,248 | € 5,073,574 | € 7,813,415 | ▲ 54% |
| Retained profit | € -7,817,669 | € -14,034,628 | € -21,410,498 | € -26,355,780 | ▼ € 4.9 million |
| Bank debt | € 1,403,606 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 17,314,659 | € 14,645,170 | € 16,756,654 | € 19,259,798 | ▲ 15% |
| Employees (FTE) | 22.7 | 26.6 | 23.5 | 19 | ▼ 4.5 |
Key figures of Classified Cycling, 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 Classified Cycling?
What happened at Classified Cycling in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Nicholas Evans stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 4.9 million. Source: NBB ↗
- Christian Cigrang became a director. NBB
- Nicholas Evans became a director. NBB
- New establishment in Antwerpen. KBO
- Volo BV became a director. NBB
- Icarus Management BV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 4.4 million loss in 2022 to € 4.9 million loss in 2025.
Paid € 10,689 in corporate taxes since 2022.
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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 Classified Cycling are Christian Cigrang, Volo BV and Icarus Management BV. It owns 100% of Advancing Technologies B.V. itself.
Directors
According to the 2025 annual accounts
since 2023
Director · represented by van Druten Roëll
since 2019
Managing director · represented by Plouvier Mathias
Also active at: Curana Holding
since 2019
Nicholas Evans
Director
since 2022 · until 2028
Establishments
Establishment units
Physical locations of this company
Damplein 23
2060 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →HAEGER & SCHMIDT LOGISTICS BELGIUM
€ 3.5 million revenue · 2025
ANTHONY
€ 683,356 gross margin · 2025
MILTON WORLDWIDE
€ -2,316 gross margin · 2025
TEAL PARTNERS
€ 6.6 million gross margin · 2025
Classified Ambassador
+4 more
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
Microsoft 365
Hosting
CLOUDFLARENET - Cloudflare, Inc., US
Domain
Domain
classified-cycling.cc
Registered
2020-06-09
Registrar
Hosting Concepts B.V. d/b/a Registrar.eu
Expires
2026-06-09
Website info
Features
Security
Network
Details
- Company number
- 0733.606.545
- VAT number
- BE 0733.606.545
- Registered office
- Damplein 23, 2060 Antwerpen
- Names & denominations
- Classified Cycling
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 September 2019
- Peppol
- Active · Active since 16 Dec 2025
- Contact
- classified-cycling.cc
- Activities · NACE
Vervaardiging van fietsen en invalidenwagens
Groothandel in fietsen
Overige technische testen en toetsen