ACTIVE

Cyclops

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Financial year 2025 · closed on 31/12/2025
Net result
214,2 k €
-60.7% YoY
Gross margin
3,8 M €
-11.7% YoY
Equity
1 M €
+0.4% YoY
Workforce
40,0 ETP
-5.7% YoY

What does Cyclops do?

Cyclops is a Private company with limited liability incorporated in 2015. Its main activity is: Management consultancy activities. Its registered office is in Vilvoorde. It employs on average 40,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0634.850.548
Incorporation
05/08/2015
Legal form
Private company with limited liability
Registered office
Hendrik I-lei 45
1800 Vilvoorde · FlandreSee on map
Contributed capital
36 200,00 €
Latest accounts
31/12/2025
Average workforce
40,0 ETP
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities
Joint committees (4)
  • 100
  • 1000
  • 200
  • 2000
Contacts
2 public details availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20252024202220212019201820172016
Income statement
Gross margin3,8 M €4,3 M €3,3 M €2,9 M €2,1 M €1,3 M €1 M €679,3 k €
EBITDA456 k €916,1 k €354,7 k €222,3 k €254,2 k €97,8 k €321,6 k €309,1 k €
Operating result411,7 k €870,2 k €321,3 k €194,8 k €225,1 k €72,2 k €306,9 k €293,9 k €
Net result214,2 k €545,4 k €180,2 k €92,4 k €113,1 k €26,5 k €161 k €266,3 k €
Balance sheet
Equity1 M €1 M €558,1 k €527,9 k €291,1 k €220 k €193,5 k €32,5 k €
Total assets3,3 M €3,7 M €2,5 M €2,1 M €1,7 M €1,4 M €785,4 k €605,4 k €
Cash1,3 M €700 k €487,2 k €192,6 k €80,7 k €19,6 k €67,7 k €127,9 k €
Debts2,2 M €2,6 M €1,8 M €1,4 M €1,4 M €1,2 M €591,9 k €572,9 k €
Other
Workforce40,0 ETP42,4 ETP36,6 ETP37,0 ETP26,3 ETP18,7 ETP11,8 ETP5,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

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

Board of directors

Seen on filing of 31/12/2025 · 2 active · 10 ended

Active mandates

ArgusCo

Director · since 01 mars 2026 · 1022.902.810

Represented by Niels Colson

Active
The Pack Consulting

Director · since 18 juin 2025 · 0634.842.531

Represented by Ruth Van Hellemont

Active

Ended mandates

Ruth Van Hellemont

Director · since 08 mai 2025 · until 18 juin 2025

Ended
ArgusCo

Director · since 07 mai 2025 · 1022.902.810

Represented by Wim VERNAEVE

Ended
DL CLAN

Director · since 01 juillet 2016 · 0641.912.049

Represented by De LUYCK ROB

Ended
DL CLAN

Manager · since 01 juillet 2016 · 0641.912.049

Represented by De LUYCK ROB

Ended
At this address

Other companies at this address

CompanyCBE no.
MEDUSA RR● Active
0723.439.163
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
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 date23/06/202611/07/202503/06/202416/06/202328/09/202229/07/2021
General meeting12/06/202613/06/202502/05/202409/06/202330/06/202211/06/2021
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

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202512/06/202623/06/2026DutchPDF
Abridged model31/12/202413/06/202511/07/2025DutchPDF
Abridged model31/12/202302/05/202403/06/2024DutchPDF
Abridged model31/12/202209/06/202316/06/2023DutchPDF
Abridged model31/12/202130/06/202228/09/2022DutchPDF
Abridged model31/12/202011/06/202129/07/2021DutchPDF
Abridged model31/12/201912/06/202004/08/2020DutchPDF
Abridged model31/12/201814/06/201930/08/2019DutchPDF
Abridged model31/12/201708/06/201831/07/2018DutchPDF
Abridged model31/12/201609/06/201730/08/2017DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 2 active · 10 ended

Active mandates

ArgusCo

Director · since 01 mars 2026 · 1022.902.810

Represented by Niels Colson

Active
The Pack Consulting

Director · since 18 juin 2025 · 0634.842.531

Represented by Ruth Van Hellemont

Active

Ended mandates

Ruth Van Hellemont

Director · since 08 mai 2025 · until 18 juin 2025

Ended
ArgusCo

Director · since 07 mai 2025 · 1022.902.810

Represented by Wim VERNAEVE

Ended
DL CLAN

Director · since 01 juillet 2016 · 0641.912.049

Represented by De LUYCK ROB

Ended
DL CLAN

Manager · since 01 juillet 2016 · 0641.912.049

Represented by De LUYCK ROB

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office06/10/2025
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates15/09/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring26/07/2023
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring23/03/2023
    WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates26/02/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office11/10/2019
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates26/09/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/07/2018
    ONTSLAGEN - BENOEMINGEN
    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 2025214,2 k €↓
  2. 2024
    Annual accounts 2024545,4 k €↑
  3. 2022
    Annual accounts 2022180,2 k €↑
  4. 2021
    Annual accounts 202192,4 k €↓
  5. 2019
    Annual accounts 2019113,1 k €↑
  6. 2018
    Annual accounts 201826,5 k €↓
  7. 2017
    Annual accounts 2017161 k €↓
  8. 2016
    Annual accounts 2016266,3 k €
  9. 05/08/2015
    IncorporationPrivate company with limited liability