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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Busy address KBO
18 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
PV CYCLE from Sint-Lambrechts-Woluwe, company number BE0893027827, closed financial year 2025 with a result of € 124,219 after tax. For that financial year PV CYCLE recorded a gross margin of € 1.1 million and equity of € 9.7 million. Compared with financial year 2024, the result moved from € 1 million to € 124,219. The company is profitable. 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 25, 2026.
€ 9.7 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 124,219
▼ 88% vs 2024
Profit after tax over the fiscal year.
€ 2.1 million
▼ 50% vs 2024
Cash and bank balances on the last day of the fiscal year.
People and assets in 2025
5.6
▲ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 551,814
▲ 13% vs 2024
€ 98,500 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.
€ 33,221
▼ 24% 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.
€ 613,018
▼ 24% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 95,141
▲ 54% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,271,070 | € 2,091,696 | € 1,687,469 | € 1,129,905 | ▼ 33% |
| Profit after taxes | € 1,475,642 | € 1,526,459 | € 1,024,116 | € 124,219 | ▼ 88% |
| Equity | € 7,058,118 | € 8,584,577 | € 9,608,693 | € 9,732,912 | ▲ 1% |
| Total debts | € 2,596,114 | € 1,317,857 | € 1,065,033 | € 832,960 | ▼ 22% |
| Cash | € 3,496,600 | € 4,704,348 | € 4,279,002 | € 2,143,141 | ▼ 50% |
| Retained profit | € 7,058,118 | € 8,584,577 | € 9,608,693 | € 9,732,912 | ▲ 1% |
| Balance sheet total | € 9,654,232 | € 9,902,434 | € 10,673,725 | € 10,565,872 | ▼ 1% |
| Employees (FTE) | 5.7 | 5.5 | 4.9 | 5.6 | ▲ 0.7 |
Key figures of PV CYCLE, 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 PV CYCLE?
What happened at PV CYCLE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Manuella Appiah stepped down as director. NBB
- Jin Bin stepped down as director. NBB
- Rolf Moritz stepped down as director. NBB
- Jan Clyncke stepped down as director. NBB
- Axel Steuer stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 124,219 (▼ 88% vs 2024). Source: NBB ↗
- Manuella Appiah became a director. NBB
- Jin Bin became a director. NBB
In short
From € 1.5 million profit in 2022 to € 124,219 profit in 2025.
Best year ever: 2023, with € 1.5 million profit.
On average € 201,800 of value added per employee in 2025.
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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
Directors
According to the 2025 annual accounts
Manuella Appiah
Director
since 2025 · until 2029
Jin Bin
Director
since 2025 · until 2029
Rolf Moritz
Vice-chairman of the board
since 2025 · until 2029
Jan Clyncke
Director
since 2025 · until 2029
Axel Steuer
Chairman of the board
since 2025 · until 2029
Establishments
Establishment units
Physical locations of this company
Brand Whitlocklaan 114 box 5
1200 Sint-Lambrechts-Woluwe
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 18 companies are registered at this address.
All companies at this address →L'appareil à Comptabiliser SAS
A. VAN INGELGEM ET FILS
€ 3.2 million gross margin · 2025
CAPIMMO
BUSTER
EPIMMO
€ -56,627 gross margin · 2024
+13 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
PROXIMUS-ISP-AS, BE
Domain
Domain
pvcycle.org
Registered
2007-07-07
Registrar
Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA
Expires
2026-07-07
Website info
Features
Security
Details
- Company number
- 0893.027.827
- VAT number
- BE 0893.027.827
- Registered office
- Brand Whitlocklaan 114 bus 5, 1200 Sint-Lambrechts-Woluwe
- Names & denominations
- PV CYCLE
- Enterprise type
- Rechtspersoon
- Legal form
- International non-profit association
- Legal situation
- Normale toestand
- Start date
- 24 October 2007
- Peppol
- Active · Active since 14 Oct 2025
- Contact
- pvcycle.org 028807250
- Activities · NACE
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