Financials
- Fiscal year
- 2025
- Turnover
- €44.5m
- Loss
- -€1.7m
- Solvency
- 13.0%
Turnover▲ 222%
Net result
20212025
LUCIEN BIKE
ActiveSummary
LUCIEN BIKE has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.3m and a net result of -€1.7m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 23% of 4889 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Overview
Activity
Retail sale of bicycles
NACE 47632NACE 47785
#1 company by staff growth in the Brussels-Capital Region, Retail trade sector25 sites
Size
€44.5mturnover 2025
- Staff
- 69.5 FTE
- Equity
- €5.3m
- Loss
- -€1.7m
Turnover +222%: merger
Structure
- Parent
- D'Ieteren Automotive SA/NV · 100%
- Board
- 4 members
- Holdings
- 3
Auditor: KPMG Réviseurs d'Entreprises BV/SRLAccounts 57 d early
Why 63- Liquidity: current ratio 0.65, cash €189,730- Equity €5.3m (13.0% of total assets)- Loss of €1.7m, the second in a row (FY 2025)- Sector Retail trade (NACE 47)Show the evidence
Checked score
Score 2025
63
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 26% of its sector peers (NACE 47, medium-sized)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
38-14
equity 13.0% of total assets
Liquidity
3-20
short-term debt 86.5% · cash 0.5%
Profitability
15+11
return on assets -4.2%
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.6%
12-2024: 1.5%▼ -1.2% vs 11-2024
01-2025: 1.5%● 0.0% vs 12-2024
02-2025: 1.5%▼ -1.8% vs 01-2025
03-2025: 1.4%▼ -7.8% vs 02-2025
04-2025: 1.5%▲ +5.6% vs 03-2025
05-2025: 1.5%▲ +2.1% vs 04-2025
06-2025: 1.6%▲ +6.4% vs 05-2025
07-2025: 1.8%▲ +14.7% vs 06-2025highest value
08-2025: 1.8%● 0.0% vs 07-2025highest value
09-2025: 1.8%● 0.0% vs 08-2025highest value
10-2025: 1.5%▼ -17.5% vs 09-2025
11-2025: 1.5%● 0.0% vs 10-2025
12-2025: 1.5%● 0.0% vs 11-2025
01-2026: 1.5%● 0.0% vs 12-2025
02-2026: 1.5%▼ -3.0% vs 01-2026
03-2026: 1.5%▲ +1.5% vs 02-2026
04-2026: 1.6%▲ +5.3% vs 03-2026
05-2026: 1.6%▲ +2.0% vs 04-2026
06-2026: 1.6%▲ +1.9% vs 05-2026
07-2026: 1.4%▼ -12.8% vs 06-2026
08-2026: 1.4%▼ -3.5% vs 07-2026lowest value
09-2026: 1.4%● 0.0% vs 08-2026lowest value
10-2026: 1.4%● 0.0% vs 09-2026lowest value
- Liquidity: current ratio 0.65, cash €189,730 raises the probability
- Equity €5.3m (13.0% of total assets) raises the probability
- Loss of €1.7m, the second in a row (FY 2025) raises the probability
- Sector Retail trade (NACE 47) raises the probability
Credit up to €330,000 at 30 days acceptable
Liquidity short (current ratio 0.65 against 0.74 in 2024; short-term debt: 86.5% and cash: 0.5% of total assets), and 87% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, medium-sized). Better than this share of them on solvency 31%, liquidity 6%, profitability 10%, growth against the median 58%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€1.7m
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 4889 sector peers (2025).
NBB · sector comparisonPosition among 4889 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-06-2026, 57 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
57 d early
2024
49 d early
2023
34 d early
2022
4 d late
2021
24 d early
2020
18 d early
2019
5 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 25 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 28 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Capital & shares · RestructuringMerger · Accounting effect ·…
- Capital & shares · RestructuringMerger · Accounting effect ·…
Key points
- Risk: 4 loss-making years in a rowloss fiscal year 2025 -€1.7m View
- Turnover rose in 2025merger with De Fietsgarage ▲ 222% View
- Caution: Among the weakest 5% on net resultsector median €41,086 · 4,888 companies -€1.7m View
- 8 restructurings since 2024latest: merger with iBike 8 View
- Controlled by D'Ieteren Automotive SA/NVknown shareholders 100% 100% View
By topic
Board & ownership
- Board
- 4 members
- Parent
- D'Ieteren Automotive SA/NV · 100%
- Known shareholders
- 100%
- Auditor
- KPMG Réviseurs d'Entreprises BV/SRL
Go to Board & ownership
Network & group
- Group
- ARROYO
- Subsidiaries
- 3
- Connected companies
- 2
- Mergers and contributions
- 8
3 subsidiaries
Timeline
- Events
- 30
- Since
- 2018
- Next accounts
- by 31-07-2027
- 04-06-2026Annual accounts filed
- 20-01-2026Capital & shares · Restructuring
- 20-01-2026Capital & shares · Restructuring
Company details
- Sites
- 25
- Legal form
- Public limited company
- Activity
- Retail sale of bicyclesNACE 47632
- Founded
- 21-12-2018
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 1
- Purpose
- De vennootschap heeft als voorwerp, in groot- of kleinhandel, voor eigen rekening, voor…
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