ACTIVE

Belgian Cycling Group

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Financial year 2025 · closed on 31/12/2025
Net result
317,4 k €
-18.8% YoY
Revenue
2 M €
-19.4% YoY
Equity
6 M €
+1.1% YoY
Workforce
10,3 ETP
-18.3% YoY

What does Belgian Cycling Group do?

Belgian Cycling Group is a Private limited company incorporated in 2000. Its main activity is: Activities of holding companies. Its registered office is in Meerhout. It employs on average 10,3 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0471.373.478
Incorporation
03/03/2000
Legal form
Private limited company
Registered office
Hovesteenseweg 81
2450 Meerhout · FlandreSee on map
Contributed capital
3 290 000,00 €
Latest accounts
31/12/2025
Average workforce
10,3 ETP
Activities (NACE)
64200Activities of holding companies· main64210Activities of holding companies70100Activities of head offices70100Activities of head offices74151Specialised design activities68203Rental and operating of own or leased real estate+3
Joint committees (4)
  • 100
  • 200
  • 20000
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212020201920162015201420132012201120102009200820072006
Income statement
Revenue2 M €2,5 M €2,1 M €1,3 M €851 k €760,8 k €704,7 k €481,8 k €485,1 k €669,5 k €985,6 k €–––––––
EBITDA681,7 k €830,8 k €726,7 k €570,9 k €493,7 k €564,4 k €477,2 k €333,4 k €139,9 k €305,4 k €-13,8 k €82,2 k €43 k €135 k €504,8 k €425,2 k €253,6 k €229,7 k €
Operating result416 k €647,9 k €577,5 k €490,9 k €410,6 k €477,3 k €371,5 k €239 k €28,9 k €179,9 k €-29,7 k €67,7 k €32,3 k €125 k €494,5 k €385,2 k €246,9 k €229,7 k €
Net result317,4 k €390,9 k €448,3 k €381,6 k €276 k €1 M €284,2 k €95,4 k €-24 k €111 k €3,1 M €28,8 k €698,8 €55,1 k €268,9 k €199,6 k €102,5 k €107,3 k €
Balance sheet
Equity6 M €6 M €5,8 M €5,8 M €5,7 M €5,6 M €4,6 M €4,4 M €4,3 M €4,3 M €5,2 M €2 M €2 M €2 M €2 M €1,7 M €1,5 M €1,4 M €
Total assets13 M €12,5 M €10,6 M €10 M €10,3 M €10,6 M €8,4 M €5,8 M €5,8 M €5,9 M €7,4 M €4,4 M €4,3 M €4 M €4 M €3,6 M €2,9 M €2,7 M €
Cash3,6 k €36 k €32,1 k €38,9 k €26,9 k €20,1 k €26,7 k €208,7 k €142,1 k €103,2 k €256,7 €39,2 k €31,2 k €17 k €3,4 k €49,2 k €7,4 k €13,8 k €
Debts7 M €6,5 M €4,7 M €4,2 M €4,6 M €5 M €3,8 M €1,4 M €1,5 M €1,4 M €2,3 M €2,4 M €2,3 M €2 M €2 M €1,8 M €1,3 M €1,3 M €
Other
Workforce10,3 ETP12,6 ETP11,0 ETP6,1 ETP2,9 ETP3,0 ETP2,8 ETP––5,0 ETP17,5 ETP14,4 ETP11,8 ETP8,9 ETP7,1 ETP4,5 ETP3,4 ETP3,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 22 ended

Active mandates

Belgian Cycling Management

Director · since 07 décembre 2023 · 0809.533.888

Represented by Jochim AERTS

Active

Ended mandates

Belgian Cycling Management

Director · since 07 décembre 2023 · 0809.533.888

Represented by Jochim AERTS

Ended
Belgian Cycling Management

Director · since 25 juin 2019 · 0809.533.888

Represented by Aerts Jochim

Ended
Belgian Cycling Management

Director · since 25 juin 2019 · 0809.533.888

Represented by Aerts JOCHIM

Ended
Belgian Cycling Management

Manager · since 25 juin 2019 · 0809.533.888

Represented by Jochim Aerts

Ended
At this address

Other companies at this address

CompanyCBE no.
Belgian Cycling Management● Active
0809.533.888
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelConsolidated accounts
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date19/06/202615/07/202524/07/202427/07/202325/07/202206/08/2021
General meeting29/05/202630/06/202525/06/202430/06/202330/06/202201/01/9999
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

30 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202529/05/202619/06/2026DutchPDF
Full model31/12/202430/06/202515/07/2025DutchPDF
Consolidated accounts31/12/202424/06/202508/07/2025DutchPDF
Full model31/12/202325/06/202424/07/2024DutchPDF
Consolidated accounts31/12/202328/08/202409/09/2024DutchPDF
Full model31/12/202230/06/202327/07/2023DutchPDF
Consolidated accounts31/12/202231/07/202310/08/2023DutchPDF
Full model31/12/202130/06/202225/07/2022DutchPDF
Consolidated accounts31/12/202120/09/202222/09/2022DutchPDF
Full model31/12/202029/06/202120/07/2021DutchPDF
Consolidated accounts31/12/202001/01/999906/08/2021DutchPDF
Full model31/12/201930/06/202016/07/2020DutchPDF
Consolidated accounts31/12/201930/06/202025/08/2020DutchPDF
Full model31/12/201825/06/201930/08/2019DutchPDF
Consolidated accounts31/12/201801/08/201930/08/2019DutchPDF
Full model31/12/201726/06/201803/08/2018DutchPDF
Consolidated accounts31/12/201726/06/201809/08/2018DutchPDF
Full model31/12/201626/07/201731/07/2017DutchPDF
Consolidated accounts31/12/201626/07/201720/10/2017DutchPDF
Full model31/12/201526/08/201631/08/2016DutchPDF
Consolidated accounts31/12/201526/08/201628/11/2016DutchPDF
Full model31/12/201419/08/201521/08/2015DutchPDF
Full model31/12/201324/06/201430/06/2014DutchPDF
Abridged model31/12/201225/06/201329/08/2013DutchPDF

View all 30 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 22 ended

Active mandates

Belgian Cycling Management

Director · since 07 décembre 2023 · 0809.533.888

Represented by Jochim AERTS

Active

Ended mandates

Belgian Cycling Management

Director · since 07 décembre 2023 · 0809.533.888

Represented by Jochim AERTS

Ended
Belgian Cycling Management

Director · since 25 juin 2019 · 0809.533.888

Represented by Aerts Jochim

Ended
Belgian Cycling Management

Director · since 25 juin 2019 · 0809.533.888

Represented by Aerts JOCHIM

Ended
Belgian Cycling Management

Manager · since 25 juin 2019 · 0809.533.888

Represented by Jochim Aerts

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates07/11/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/01/2024
    WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/07/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/10/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/12/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/10/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares18/11/2014
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates20/05/2014
    MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025317,4 k €↓
  2. 2024
    Annual accounts 2024390,9 k €↓
  3. 2023
    Annual accounts 2023448,3 k €↑
  4. 2023
    Name changeBelgian Cycling Group
  5. 2022
    Annual accounts 2022381,6 k €↑
  6. 2021
    Annual accounts 2021276 k €↓
  7. 2020
    Annual accounts 20201 M €↑
  8. 2019
    Annual accounts 2019284,2 k €↑
  9. 2016
    Annual accounts 201695,4 k €↑
  10. 2015
    Annual accounts 2015-24 k €↓
  11. 2014
    Annual accounts 2014111 k €↓
  12. 2013
    Annual accounts 20133,1 M €↑
  13. 2012
    Annual accounts 201228,8 k €↑
  14. 2011
    Annual accounts 2011698,8 €↓
  15. 2010
    Annual accounts 201055,1 k €↓
  16. 2009
    Annual accounts 2009268,9 k €↑
  17. 2008
    Annual accounts 2008199,6 k €↑
  18. 2007
    Annual accounts 2007102,5 k €↓
  19. 2006
    Annual accounts 2006107,3 k €
  20. 2006
    Name changeRP-Beheer
  21. 03/03/2000
    IncorporationPrivate limited company