Cyclops
ActiveSummary
Cyclops has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.02M and a net result of €545k. Equity is growing by ~22.4% per year across the filed fiscal years. Its solvency ranks better than 26% of 8093 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2022
Profitability87▲+9
Solvency52▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 1.94 against 2.1 in 2022; short-term debt: 50.5% and cash: 18.7% of total assets), but 72.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
27.4%
Return on assets
14.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-07-2025, 20 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
20 d early
2023
58 d early
2022
45 d early
2021
59 d late
2020
2 d early
2019
4 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€1.02M▲ 83.6%
2022 · €558k
2018: €220k
2019: €291k
2020: €436k
2021: €528k
2022: €558k
2018 → 2024
Total assets
€3.74M▲ 52.3%
2022 · €2.46M
2018: €1.39M
2019: €1.67M
2020: €1.97M
2021: €2.13M
2022: €2.46M
2018 → 2024
Net result
€545k▲ 203%
2022 · €180k
2018: €26k
2019: €113k
2020: €216k
2021: €92k
2022: €180k
2018 → 2024
Working capital
€1.77M▲ 44.3%
2022 · €1.23M
2018: €167k
2019: €805k
2020: €682k
2021: €1.17M
2022: €1.23M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222024Trend
Equity€291k-€436k▲ 49.6%€528k▲ 21.2%€558k▲ 5.7%€1.02M▲ 83.6%
Operating result€225k-€363k▲ 61.4%€195k▼ 46.4%€321k▲ 64.9%€870k▲ 171%
Net result€113k-€216k▲ 91.4%€92k▼ 57.3%€180k▲ 95.0%€545k▲ 203%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €870k in 2024, compared with €321k in 2022. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2024 in colour, 2022 as the grey bar beneath
Assets €3.74M
Fixed assets
€78k ▼ 30.1%
Current assets
€3.66M ▲ 56.2%
Equity and liabilities €3.74M
Equity
€1.02M ▲ 83.6%
Debt
€2.71M ▲ 43.1%
Debt's share of the balance-sheet total falls from 77.3% to 72.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€916k▲
2022 · €355k
Cash flow
€591k▲
2022 · €214k
Current ratio
1.94▼
2022 · 2.10
Debt to equity
2.65▼
2022 · 3.40
ROE
53.2%▲
2022 · 32.3%
ROA
14.6%▲
2022 · 7.3%
Interest coverage
8.78▲
2022 · 8.56
Debt ≤ 1 year
€1.89M▲
2022 · €1.12M
Debt > 1 year
€700k=
2022 · €700k
Income taxes
€240k▲
2022 · €105k
Staff costs
€3.38M▲
2022 · €2.91M
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 · 2024 against 2022 · 61 lines
Balance sheet
Code20222024
Assets
Total assets20/58€2.46M€3.74M▲
Fixed assets21/28€111k€78k▼
Intangible fixed assets21€36k€31k▼
Tangible fixed assets22/27€68k€35k▼
Plant, machinery and equipment23€15k€23k▲
Furniture and vehicles24€50k€10k▼
Other tangible fixed assets26€3k€2k▼
Financial fixed assets28€7k€11k▲
Current assets29/58€2.34M€3.66M▲
Amounts receivable after more than one year29-€80k
Other amounts receivable291-€80k
Amounts receivable within one year40/41€1.71M€2.76M▲
Trade receivables40€1.65M€2.59M▲
Other amounts receivable41€63k€173k▲
Cash at bank and in hand54/58€487k€700k▲
Deferred charges and accrued income490/1€142k€120k▼
Equity and liabilities
Total equity and liabilities10/49€2.46M€3.74M▲
Equity10/15€558k€1.02M▲
Contributions10/11€6k€36k▲
Reserves13€552k€988k▲
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€550k€988k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.90M€2.71M▲
Amounts payable after more than one year17€700k€700k=
Financial debts170/4€700k€700k=
Amounts payable within one year42/48€1.12M€1.89M▲
Financial debts43€239k€290k▲
Credit institutions430/8€239k€290k▲
Trade debts44€326k€896k▲
Suppliers440/4€326k€896k▲
Advances received on contracts in progress46€15k-
Taxes, remuneration and social security45€534k€446k▼
Taxes450/3€185k€110k▼
Remuneration and social security454/9€349k€336k▼
Other amounts payable47/48€2k€258k▲
Accrued charges and deferred income492/3€81k€125k▲
Income statement
Code20222024
Non-recurring operating income76A-€13k
Remuneration, social security and pensions62€2.91M€3.38M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€46k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€0
Other operating charges640/8€8k€8k▼
Non-recurring operating charges66A€118€612▲
Gross operating margin9900€3.28M€4.30M▲
Operating profit (loss)9901€321k€870k▲
Financial income75/76B€5k€20k▲
Recurring financial income75€5k€20k▲
Non-recurring financial income76B€0-
Financial charges65/66B€41k€104k▲
Recurring financial charges65€41k€104k▲
Profit (loss) for the period before taxes9903€285k€786k▲
Income taxes67/77€105k€240k▲
Profit (loss) for the period9904€180k€545k▲
Profit (loss) for the period to be appropriated9905€180k€545k▲
Appropriation of the result
Profit (loss) to be appropriated9906€180k€545k▲
Transfer to equity691/2€30k€145k▲
To other reserves6921€30k€145k▲
Profit to be distributed694/7€150k€400k▲
Return on contributions (dividend)694€150k€400k▲
Social balance
Average headcount (FTE)908736.642.4▲
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €545k ▲203%
Operating result €870k, net result €545k, both a record.
31-12
Financial
Equity above €1MEq €1.02M ▲83.6%
6 profitable years in a row build equity to €1.02M.
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 59 days late
2021
31-12
Financial
Equity above €500kEq €528k ▲21.2%
4 profitable years in a row build equity to €528k.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 4 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 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, Vilvoorde · 2 establishment units since 2015
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.
Hendrik I-lei 451800 VilvoordeGround area
8,857 m²
Building footprint
319 m²
Volume, LiDAR
2,835 m³
2 parcels, Flanders, Wallonia · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Cyclops
since 20152.244.792.608
Rue Petit Piersoulx 1, 6041 Charleroi
since 20222.335.416.936
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52028B0291/00G000 | Wallonia | 8,532 m² | 1 · 177 m² | 11.0 m · 3 fl. |
| 23643G0460/00S000 | Flanders | 325 m² | 1 · 142 m² | 11.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 29,876 EUR awarded · 28,699 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 5,716 EUR | 5,952 EUR |
| 2024 | 3 | 15,909 EUR | 14,496 EUR |
| 2023 | 1 | 6,410 EUR | 6,410 EUR |
| 2022 | 1 | 1,841 EUR | 1,841 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Subsidies voor internationaal ondernemen
Vlaams opleidingsverlof (VOV)
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 27,565 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 (pre-2019)
Founded05-08-2015
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:ruth.van.hellemont@cyclopscompany.com
Phone:0477/357392