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 2023 and 2024.
Financials
Financial year 2024
CYCADE from Gesves, company number BE0869686954, closed financial year 2024 with a result of € -9,360 after tax. For that financial year CYCADE recorded a gross margin of € 11,908 and equity of € 9,206. Compared with financial year 2023, the result moved from € -6,427 to € -9,360. The company made a loss. The buffer shrank hard: equity is 50 % below last year. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 9, 2025.
€ 9,206
▼ 50% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -9,360
▼ 46 % more loss than in 2023
Profit after tax over the fiscal year.
€ 7,356
▲ € 7,342 vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -40,794.
People and assets in 2024
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 11,875
▼ 56% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 9,974
▼ 68% vs 2023
€ 8,734 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 5,468
▲ 24% vs 2023
Supplier invoices still open on the last day of the fiscal year.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 30,260 | € 14,659 | € 22,338 | € 11,908 | ▼ 47% |
| Profit after taxes | € 4,571 | € -8,170 | € -6,427 | € -9,360 | ▼ € 2,933 |
| Equity | € 33,162 | € 24,992 | € 18,565 | € 9,206 | ▼ 50% |
| Total debts | € 71,927 | € 59,440 | € 35,763 | € 15,492 | ▼ 57% |
| Cash | € 16,427 | € 2,648 | € 14 | € 7,356 | ▲ € 7,342 |
| Retained profit | € -16,838 | € -25,008 | € -31,435 | € -40,794 | ▼ € 9,360 |
| Bank debt | € 61,746 | € 52,050 | € 31,363 | € 9,974 | ▼ 68% |
| Balance sheet total | € 105,089 | € 84,432 | € 54,329 | € 24,698 | ▼ 55% |
Key figures of CYCADE, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to CYCADE?
What happened at CYCADE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 9,360. Source: NBB ↗
- New establishment in Wavre. KBO
- Start of the company according to the CBE. KBO
In short
From € 4,571 profit in 2021 to € 9,360 loss in 2024.
Paid € 1,001 in corporate taxes since 2021.
Best year ever: 2021, with € 4,571 profit.
Management
Behind CYCADE is Jean THAUVOYE.
Directors
According to the 2024 annual accounts
Jean THAUVOYE
Manager
Establishments
Establishment units
Physical locations of this company
Rue Bourgmestre René Bouchat 7
5340 Gesves
Rue Achille Bauduin 93 box 3
1300 Wavre
Active since 27 October 2004
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0869.686.954
- VAT number
- BE 0869.686.954
- Registered office
- Rue Bourgmestre René Bouchat 7, 5340 Gesves
- Names & denominations
- CYCADE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 October 2004
- Peppol
- Active · Active since 25 May 2026
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