Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 5 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TW-Cycling Holding from Merelbeke-Melle, company number BE0875465481, closed financial year 2025 with a result of € -48,597 after tax. For that financial year TW-Cycling Holding recorded a gross margin of € -1,593 and equity of € -174,531. Compared with financial year 2024, the result moved from € -66,881 to € -48,597. 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 August 21, 2026.
€ -174,531
▼ € 48,597 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -48,597
▲ 27 % less loss than in 2024
Profit after tax over the fiscal year.
€ 5,484
▲ 11% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -180,731.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 32,442
▼ 41% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 125,000
Loans from banks and other lenders, long and short.
€ 19,128
▲ 99% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 540
▲ 103% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 5,551 | € -3,499 | € -29,521 | € -1,593 | ▲ € 27,928 |
| Profit after taxes | € -10,562 | € -31,977 | € -66,881 | € -48,597 | ▲ € 18,284 |
| Equity | € -27,076 | € -59,053 | € -125,934 | € -174,531 | ▼ € 48,597 |
| Total debts | € 179,441 | € 199,942 | € 387,431 | € 408,084 | ▲ 5% |
| Cash | € 1,231 | € 11,611 | € 4,961 | € 5,484 | ▲ 11% |
| Land & buildings | € 5,592 | € 19,417 | € 59,670 | € 70,024 | ▲ 17% |
| Retained profit | € -33,276 | € -65,253 | € -132,134 | € -180,731 | ▼ € 48,597 |
| Bank debt | € 125,000 | € 125,000 | € 125,000 | € 125,000 | |
| Balance sheet total | € 152,365 | € 140,889 | € 261,497 | € 233,553 | ▼ 11% |
Key figures of TW-Cycling Holding, 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 TW-Cycling Holding?
What happened at TW-Cycling Holding in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 48,597. filed late Source: NBB ↗
- New establishment in Merelbeke-Melle. KBO
- Start of the company according to the CBE. KBO
In short
From € 10,562 loss in 2022 to € 48,597 loss in 2025.
Paid € 1,103 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 TW-Cycling Holding is Luc Van den Hauwe. Luc Van den Hauwe is also behind VAN DEN HAUWE.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Nijverheidsweg 21
9820 Merelbeke-Melle
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Self-hosted
Hosting
AMAZON-02 - Amazon.com, Inc., US
Website info
Features
Security
Network
Details
- Company number
- 0875.465.481
- VAT number
- BE 0875.465.481
- Registered office
- Nijverheidsweg 21, 9820 Merelbeke-Melle
- Names & denominations
- TW-Cycling Holding
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 August 2005
- Peppol
- Active · Active since 18 Dec 2025
- Contact
- carbonherstellingen.be
- Activities · NACE
Reparatie en onderhoud van consumentenartikelen, neg
Overige zakelijke dienstverlening, neg