ACTIVE

CYCLES DEVOS

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Financial year 2024 · closed on 31/12/2024

Net result

31,5 k €

+535.7% YoY

Gross margin

606,5 k €

+12.7% YoY

Equity

1,2 M €

+2.8% YoY

Workforce

8,2 ETP

-3.5% YoY

What does CYCLES DEVOS do?

CYCLES DEVOS is a Public limited company incorporated in 2002. Its registered office is in Ixelles. It employs on average 8,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0477.070.546

Incorporation

12/03/2002

Legal form

Public limited company

Registered office

Avenue de la Couronne 500
1050 Ixelles · BruxellesSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2024

Average workforce

8,2 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	606,5 k €	+12.7%	538,4 k €	-6.4%	575,1 k €	+4.2%	551,7 k €	-20.7%	695,6 k €	+35.4%	513,6 k €	+0.9%	509 k €	+9.4%	465,2 k €	-22.9%	603,7 k €	+7.9%	559,3 k €	+0.1%	558,9 k €	+40.0%	399,3 k €	+6.2%	376,1 k €	+4.1%	361,4 k €	+6.9%	338,2 k €	+6.3%	318,3 k €	-14.4%	371,7 k €	-7.6%	402,2 k €
EBITDA	118,6 k €	+97.4%	60,1 k €	-63.5%	164,4 k €	+53.9%	106,8 k €	-67.1%	324,9 k €	+265%	88,9 k €	-33.0%	132,7 k €	+108%	63,8 k €	-61.8%	166,9 k €	-16.4%	199,7 k €	-2.3%	204,4 k €	+324%	48,3 k €	-46.5%	90,2 k €	-43.6%	159,8 k €	+26.9%	125,9 k €	+47.4%	85,4 k €	-56.3%	195,5 k €	-10.9%	219,3 k €
Operating result	70 k €	+555%	10,7 k €	-91.1%	119,4 k €	+89.1%	63,1 k €	-77.3%	278,6 k €	+534%	44 k €	+13.9%	38,6 k €	+1303%	2,8 k €	-96.8%	85,3 k €	-41.5%	145,8 k €	-3.1%	150,5 k €	+24351%	615,5 €	-98.6%	44,4 k €	-53.2%	94,8 k €	+39.8%	67,8 k €	+117%	31,2 k €	-80.7%	161,5 k €	-19.0%	199,5 k €
Net result	31,5 k €	+536%	-7,2 k €	-108%	85,2 k €	+210%	27,4 k €	-85.7%	192,2 k €	+943%	18,4 k €	+13.2%	16,3 k €	-38.7%	26,5 k €	-35.2%	40,9 k €	-11.6%	46,3 k €	-29.6%	65,8 k €	+1968%	3,2 k €	-89.4%	30,1 k €	-10.4%	33,5 k €	-13.0%	38,6 k €	+98.5%	19,4 k €	-81.5%	104,9 k €	-0.3%	105,2 k €
Balance sheet
Equity	1,2 M €	+2.8%	1,1 M €	-0.6%	1,1 M €	+8.1%	1,1 M €	+2.7%	1 M €	+14.1%	898,3 k €	+2.1%	879,9 k €	+1.9%	863,6 k €	+3.2%	837,1 k €	+5.1%	796,2 k €	+6.2%	749,8 k €	+9.6%	684,1 k €	+0.5%	680,9 k €	+4.6%	650,8 k €	+8.1%	602 k €	+6.8%	563,4 k €	+3.6%	544 k €	+23.9%	439 k €
Total assets	1,6 M €	+8.9%	1,5 M €	-8.7%	1,6 M €	-3.6%	1,7 M €	-3.4%	1,7 M €	+10.5%	1,6 M €	+3.3%	1,5 M €	+1.6%	1,5 M €	-9.0%	1,6 M €	+46.6%	1,1 M €	+11.5%	1 M €	+10.5%	905 k €	-8.0%	983,4 k €	-0.8%	991,1 k €	+7.5%	922 k €	-4.2%	962,1 k €	+17.9%	815,9 k €	+26.8%	643,3 k €
Cash	332,4 k €	+11.4%	298,2 k €	-38.3%	483,7 k €	-46.6%	906,3 k €	-3.2%	935,8 k €	+103%	461,4 k €	+0.6%	458,7 k €	-0.4%	460,4 k €	-7.1%	495,6 k €	+61.6%	306,6 k €	-14.8%	359,9 k €	+42.8%	252 k €	-12.7%	288,7 k €	+31.2%	220 k €	+430%	41,6 k €	-45.5%	76,3 k €	-49.4%	150,7 k €	+77.0%	85,2 k €
Debts	434,9 k €	+29.5%	336 k €	-28.2%	468 k €	-23.7%	613 k €	-12.3%	699,3 k €	+5.6%	662 k €	+5.0%	630,5 k €	+1.1%	623,6 k €	-15.5%	737,6 k €	+185%	258,7 k €	+3.4%	250,3 k €	+13.3%	220,9 k €	-27.0%	302,5 k €	-11.1%	340,2 k €	+6.3%	320,1 k €	-19.7%	398,7 k €	+46.6%	271,9 k €	+33.1%	204,2 k €
Other
Workforce	8,2 ETP	-3.5%	8,5 ETP	-13.3%	9,8 ETP		–		11,0 ETP		–		–		–		–		9,1 ETP	+12.3%	8,1 ETP	+14.1%	7,1 ETP	-7.8%	7,7 ETP	+57.1%	4,9 ETP	-12.5%	5,6 ETP	+40.0%	4,0 ETP	+100%	2,0 ETP	0.0%	2,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 9 ended

Active mandates

FREDERIC ROUSSEAU

Director

Active

LAURENT ROUSSEAU

Director

Active

Ended mandates

FREDERIC ROUSSAU

Director · since 28 janvier 2016 · until 27 janvier 2022

Ended

Frédéric Rousseau

Managing director · since 28 janvier 2016 · until 27 janvier 2022

Ended

Laurent Rousseau

Director · since 28 janvier 2016 · until 27 janvier 2022

Ended

andré rousseau

Managing director · since 25 février 2009 · until 24 février 2015

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	02/10/2025	03/10/2024	09/10/2023	18/11/2022	30/08/2021	24/11/2020
General meeting	29/05/2025	30/05/2024	25/05/2023	27/05/2022	27/05/2021	28/05/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	29/05/2025	02/10/2025	French	PDF
Abridged model	31/12/2023	30/05/2024	03/10/2024	French	PDF
Abridged model	31/12/2022	25/05/2023	09/10/2023	French	PDF
Abridged model	31/12/2021	27/05/2022	18/11/2022	French	PDF
Abridged model	31/12/2020	27/05/2021	30/08/2021	French	PDF
Abridged model	31/12/2019	28/05/2020	24/11/2020	French	PDF
Abridged model	31/12/2018	30/05/2019	13/09/2019	French	PDF
Abridged model	31/12/2017	31/05/2018	24/07/2018	French	PDF
Abridged model	31/12/2016	25/05/2017	03/07/2017	French	PDF
Abridged model	31/12/2015	26/05/2016	01/08/2016	French	PDF
Abridged model	31/12/2014	28/05/2015	30/07/2015	French	PDF
Abridged model	31/12/2013	30/05/2014	09/09/2014	French	PDF
Abridged model	31/12/2012	30/05/2013	28/08/2013	French	PDF
Abridged model	31/12/2011	24/05/2012	17/07/2012	French	PDF
Abridged model	31/12/2010	26/05/2011	05/08/2011	French	PDF
Abridged model	31/12/2009	29/05/2010	31/08/2010	French	PDF
Abridged model	31/12/2008	29/05/2009	21/08/2009	French	PDF
Abridged model	31/12/2007	30/05/2008	25/08/2008	French	PDF
Abridged model	31/12/2006	26/05/2007	29/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 31/12/2024 · 2 active · 9 ended

Active mandates

FREDERIC ROUSSEAU

Director

Active

LAURENT ROUSSEAU

Director

Active

Ended mandates

FREDERIC ROUSSAU

Director · since 28 janvier 2016 · until 27 janvier 2022

Ended

Frédéric Rousseau

Managing director · since 28 janvier 2016 · until 27 janvier 2022

Ended

Laurent Rousseau

Director · since 28 janvier 2016 · until 27 janvier 2022

Ended

andré rousseau

Managing director · since 25 février 2009 · until 24 février 2015

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/12/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates12/04/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates30/12/2014
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Capital / shares07/01/2010
CAPITAL, ACTIONS
PDF
Mandates27/04/2009
DEMISSIONS, NOMINATIONS
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

2024
Annual accounts 202431,5 k €↑
2023
Annual accounts 2023-7,2 k €↓
2022
Annual accounts 202285,2 k €↑
2021
Annual accounts 202127,4 k €↓
2020
Annual accounts 2020192,2 k €↑
2019
Annual accounts 201918,4 k €↑
2018
Annual accounts 201816,3 k €↓
2017
Annual accounts 201726,5 k €↓
2016
Annual accounts 201640,9 k €↓
2015
Annual accounts 201546,3 k €↓
2014
Annual accounts 201465,8 k €↑
2013
Annual accounts 20133,2 k €↓
2012
Annual accounts 201230,1 k €↓
2011
Annual accounts 201133,5 k €↓
2010
Annual accounts 201038,6 k €↑
2009
Annual accounts 200919,4 k €↓
2008
Annual accounts 2008104,9 k €↓
2007
Annual accounts 2007105,2 k €
12/03/2002
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

CYCLES DEVOS

Overview

What does CYCLES DEVOS do?

Trend over 18 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline