BIKES2RE-CIRCLE
Bankruptcy closedInactive since 23-06-2026; last annual accounts for fiscal year 2023.
Summary
BIKES2RE-CIRCLE was declared bankrupt on 03-03-2025 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed by liquidation by judgment of 22-06-2026, published in the Belgian State Gazette on 29-06-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 04-12-2023, 58 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
58 d early
2022
77 d early
2021
76 d early
2020
76 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€47k▼ 13.9%
2022 · €55k
2020: €45k
2021: €53k
2022: €55k
2020 → 2023
Total assets
€240k▲ 12.2%
2022 · €214k
2020: €117k
2021: €124k
2022: €214k
2020 → 2023
Net result
€-8k
2022 · €2k
2020: €34k
2021: €9k
2022: €2k
2020 → 2023
Working capital
€39k▼ 13.0%
2022 · €45k
2020: €37k
2021: €41k
2022: €45k
2020 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2020202120222023Trend
Equity€45k-€53k▲ 17.1%€55k▲ 2.8%€47k▼ 13.9%
Operating result€46k-€13k▼ 71.1%€7k▼ 50.0%€-3k
Net result€34k-€9k▼ 74.7%€2k▼ 73.5%€-8k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €3k after €7k in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €240k
Fixed assets
€10k ▼ 37.5%
Current assets
€230k ▲ 16.3%
Equity and liabilities €240k
Equity
€47k ▼ 13.9%
Debt
€193k ▲ 21.1%
Debt's share of the balance-sheet total rises from 74.5% to 80.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€4k▼
2022 · €14k
Cash flow
€-817▼
2022 · €9k
Current ratio
1.20▼
2022 · 1.29
Quick ratio
0.31▼
2022 · 0.42
Debt to equity
4.10▲
2022 · 2.91
ROE
-16.2%▼
2022 · 4.1%
ROA
-3.2%▼
2022 · 1.1%
Interest coverage
0.83▼
2022 · 3.70
Debt ≤ 1 year
€191k▲
2022 · €153k
Debt > 1 year
€1k▼
2022 · €6k
Income taxes
€0▼
2022 · €718
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 52 lines
Balance sheet
Code20222023
Assets
Total assets20/58€214k€240k▲
Fixed assets21/28€16k€10k▼
Tangible fixed assets22/27€16k€10k▼
Plant, machinery and equipment23€6k€4k▼
Furniture and vehicles24€971€810▼
Leasing and similar rights25€10k€5k▼
Current assets29/58€198k€230k▲
Stocks and contracts in progress3€133k€171k▲
Stocks30/36€133k€171k▲
Amounts receivable within one year40/41€33k€34k▲
Trade receivables40€33k€34k▲
Other amounts receivable41€182€0▼
Cash at bank and in hand54/58€31k€25k▼
Deferred charges and accrued income490/1€485€607▲
Equity and liabilities
Total equity and liabilities10/49€214k€240k▲
Equity10/15€55k€47k▼
Contributions10/11€12k€12k=
Reserves13€42k€42k=
Distributable reserves133€42k€42k=
Profit (loss) carried forward14€0€-8k▼
Amounts payable17/49€160k€193k▲
Amounts payable after more than one year17€6k€1k▼
Financial debts170/4€6k€1k▼
Amounts payable within one year42/48€153k€191k▲
Current portion of amounts payable after more than one year42€5k€5k▲
Financial debts43€75k€75k=
Credit institutions430/8€75k€75k=
Trade debts44€68k€105k▲
Suppliers440/4€68k€105k▲
Taxes, remuneration and social security45€5k€5k▲
Taxes450/3€3k€5k▲
Remuneration and social security454/9€2k€118▼
Other amounts payable47/48€800€816▲
Accrued charges and deferred income492/3€469€785▲
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k▼
Other operating charges640/8€412€1k▲
Non-recurring operating charges66A-€165
Gross operating margin9900€14k€5k▼
Operating profit (loss)9901€7k€-3k▼
Financial income75/76B€0€3▲
Recurring financial income75€0€3▲
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€3k€-8k▼
Income taxes67/77€718€0▼
Profit (loss) for the period9904€2k€-8k▼
Profit (loss) for the period to be appropriated9905€2k€-8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€-8k▼
Transfer to equity691/2€1k€0▼
To other reserves6921€1k€0▼
Profit to be distributed694/7€800€0▼
Return on contributions (dividend)694€800€0▼
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
29-06
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Dendermonde · BIKES2RE-CIRCLE BV SERSKAMPSTRAAT 20, 9340 LEDE · event 22-06-2026
2025
10-03
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · BIKES2RE-CIRCLE BV SERS- KAMPSTRAAT 20, 9340 LEDE · event 03-03-2025
2023
04-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Weakest financial yearnet €-8k ▼436%
Net result drops to €-8k, the lowest in the series.
2022
15-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
16-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
16-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Lede
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Serskampstraat 209340 LedeGround area
1,463 m²
Building footprint
127 m²
Volume, LiDAR
907 m³
Parcel 41066A0586/00N000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41066A0586/00N000 | Flanders | 1,463 m² | 1 · 127 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MARGA PIETERS AFFLIGEMDREEF 144, 9300 AALST- |
03-03-2025 → 22-06-2026 |
Similar companies · same sector, comparable size
JARDICYCLES
BE 1010.530.360
Trois-Ponts · Eq €47,177
B2-Cycle
BE 1021.007.350
Ciney · Eq €47,189
BOUCK
BE 0719.346.555
La Hulpe · Eq €46,796
VAN LANDEGHEM SPORT
BE 0843.863.673
Sint-Gillis-Waas · Eq €47,650
FIETSEN BICYCLE
BE 0717.604.515
Heist-op-den-Berg · Eq €46,487
Of 1,467 companies in sector 47632 we hold annual accounts for 733. 542 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-02-2019
Fiscal year end30-06
Activities, NACEBEL 2025
47632Retail sale of bicycles
47793Retail sale of other second-hand goods, excluding clothing
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.