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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Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2025 and 2026.
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Tight liquidity NBB
Cash and receivables cover 13 % of short-term debt in 2026; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 43.7 to 37.3.
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Figures corrected NBB
Corrected annual account filed for 2025.
Financials
Financial year 2026
Bike Republic from Gent, company number BE0823778933, closed financial year 2026 with a result of € -1.5 million after tax. For that financial year Bike Republic recorded revenue of € 56.4 million and equity of € -969,083. Compared with financial year 2025, the result moved from € -5.3 million to € -1.5 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 1, 2026.
€ -969,083
▼ € 1.5 million vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.5 million
▲ 72 % less loss than in 2025
Profit after tax over the fiscal year.
€ 1.9 million
▲ € 1.7 million vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.5 million.
People and assets in 2026
37.3
▼ 3.9 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 2.7 million
▲ 14% vs 2025
€ 73,000 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.
€ 71,150
▼ 29% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 29.4 million
▲ 18% vs 2025
€ 27.9 million is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 6.2 million
▼ 9% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 40 days on average.
€ 521,174
▲ 41% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 46,529,439 | € 50,564,392 | € 51,682,843 | € 56,364,332 | ▲ 9% |
| Profit after taxes | € -3,850,632 | € -1,944,667 | € -5,315,742 | € -1,488,681 | ▲ € 3.8 million |
| Equity | € 2,280,007 | € 5,835,341 | € 519,598 | € -969,083 | ▼ € 1.5 million |
| Total debts | € 43,011,425 | € 38,357,729 | € 34,603,088 | € 38,759,798 | ▲ 12% |
| Cash | € 182,656 | € 423,577 | € 176,489 | € 1,885,188 | ▲ € 1.7 million |
| Retained profit | € -14,055,207 | € 4,800,126 | € -515,616 | € -1,471,997 | ▼ € 956,381 |
| Bank debt | € 35,535,347 | € 32,329,792 | € 24,971,721 | € 29,423,943 | ▲ 18% |
| Balance sheet total | € 45,291,432 | € 44,193,069 | € 35,122,687 | € 37,790,715 | ▲ 8% |
| Employees (FTE) | 40.5 | 43.7 | 41.2 | 37.3 | ▼ 3.9 |
Key figures of Bike Republic, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to Bike Republic?
What happened at Bike Republic in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New establishment in Oudenaarde. KBO
- New establishment in Sint-Truiden. KBO
- New annual accounts for financial year 2026: loss of € 1.5 million. Source: NBB ↗
- New establishment in Mechelen. KBO
- New establishment in Aarschot. KBO
- New establishment in Genk. KBO
- New establishment in Hechtel-Eksel. KBO
- New establishment in Antwerpen. KBO
In short
From € 3.9 million loss in 2023 to € 1.5 million loss in 2026.
Paid € 5,485 in corporate taxes since 2023.
Pays suppliers within 40 days on average.
Management
Behind Bike Republic are Kirs Castelein, Peter Vanbellingen, Stefaan Vandamme, Jo Willemyns and Stefan Goethaert. The shares are held by Darzana NV (100%). It owns 100% of WV3 NV, 100% of WV1 NV, 100% of WV2 NV and 100% of Cycles IMP NV itself.
Directors
According to the 2026 annual accounts
Kirs Castelein
Director
Peter Vanbellingen
Director
Stefaan Vandamme
Director
Also active at: SOCIETE AGRICOLE de MEESTER, DREAMBABY, EW 738/740, PARKWIND, BOTTLES
Shareholders
100%
Participations
Establishments
Establishment units
Physical locations of this company
Tramstraat 63
9052 Gent
Vlaamsekaai 20
2000 Antwerpen
Active since 11 March 2010
Turnhoutsebaan 325
2110 Wijnegem
Active since 10 May 2012
Augustijnenlaan(HRT) 95
2200 Herentals
Active since 10 May 2012
Leuvensesteenweg 356
3190 Boortmeerbeek
Active since 10 May 2012
Westlaan 221 box b
8800 Roeselare
Active since 1 February 2013
Provinciesteenweg 496
2530 Boechout
Active since 1 September 2018
Herkenrodesingel 85
3500 Hasselt
Active since 1 September 2018
Bergensesteenweg 734
1600 Sint-Pieters-Leeuw
Active since 1 October 2019
Kaaskerkestraat 56/56A
8600 Diksmuide
Active since 23 March 2020
Westerring 41
9700 Oudenaarde
Active since 1 January 2021
Robert Dansaertlaan 9B
1702 Dilbeek
Active since 6 March 2021
Ringlaan 11
8520 Kuurne
Active since 29 March 2014
Kareelveld 8A
3000 Leuven
Active since 10 May 2012
Rooigemlaan 2E
9000 Gent
Active since 18 May 2020
Antwerpsesteenweg 184
9040 Gent
Active since 18 November 2020
Bredabaan 809
2170 Antwerpen
Active since 18 November 2020
Vilvoordsesteenweg 307
1850 Grimbergen
Active since 5 June 2021
Diestsebaan 12
3290 Diest
Active since 2 January 2022
Weg op Bree 117
3670 Oudsbergen
Active since 1 November 2021
Nederkouter 7
9000 Gent
Active since 25 February 2026
Vaartstraat 19
8630 Veurne
Active since 4 March 2022
Veldenstraat 22
2470 Retie
Active since 18 March 2022
Parklaan 30 box 1
2300 Turnhout
Active since 18 March 2022
Kortrijksesteenweg 1078
9051 Gent
Active since 3 May 2022
Brakelsesteenweg 240
9406 Ninove
Active since 1 November 2022
Gentse steenweg 171
9300 Aalst
Active since 1 November 2022
Smissestraat 40
2430 Laakdal
Active since 2 January 2022
L. Grosjeanlaan 84-86-88
1140 Evere
Active since 1 February 2024
Pareinpark(BEV) 1
9120 Beveren-Kruibeke-Zwijndrecht
Active since 1 March 2024
Brusselsesteenweg 412
1730 Asse
Active since 13 June 2024
Bondgenotenlaan 2
3000 Leuven
Active since 17 September 2024
Rue de Beaufraipont 20
4032 Liège
Active since 13 December 2024
Budastraat(Kor) 9
8500 Kortrijk
Active since 15 January 2025
Londenstraat 20
2000 Antwerpen
Active since 15 January 2025
Topaaslaan 52
1030 Schaarbeek
Active since 6 May 2025
Kattestraat 72
9300 Aalst
Active since 25 November 2025
Posthofbrug 25
2600 Antwerpen
Active since 20 April 2026
Antwerpsestraat 54
2500 Lier
Active since 20 April 2026
Smedenstraat 34
8000 Brugge
Active since 20 April 2026
Kollegestraat 15
9620 Zottegem
Active since 20 April 2026
Plezantstraat 14-16
9100 Sint-Niklaas
Active since 20 April 2026
Overpelterbaan 7
3940 Hechtel-Eksel
Active since 21 May 2026
Europalaan 132 box B3
3600 Genk
Active since 1 June 2026
Th. De Beckerstraat 30
3200 Aarschot
Active since 22 June 2026
Hoogstraat 18-20
2800 Mechelen
Active since 10 August 2026
Tongersesteenweg 60
3800 Sint-Truiden
Active since 9 October 2026
Beverestraat 1
9700 Oudenaarde
Active since 19 October 2026
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0823.778.933
- VAT number
- BE 0823.778.933
- Registered office
- Tramstraat 63, 9052 Gent
- Names & denominations
- Bike Republic
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 March 2010
- Peppol
- Active · Active since 24 Jun 2025
- Activities · NACE
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