ACTIVE

PV CYCLE BELGIUM

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Financial year 2025 · Closed on 31/12/2025

Net result-522,3 k €+65,6 %over 1 year
Gross margin2,8 M €-16,1 %over 1 year
Equity3,6 M €-12,6 %over 1 year
Workforce0,0 ETP

Identity

Source · BCE/KBO

PV CYCLE BELGIUM is a Non-profit organization incorporated in 2016. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Woluwe-Saint-Lambert.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0657.802.629
Incorporation
29/06/2016
Legal form
Non-profit organization
Registered office
Bd. Brand Whitlock 114 box 5
1200 Woluwe-Saint-Lambert · BruxellesSee on map
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Signals
Good liquidity

Financials

Source · NBB, 9 filings

Trend over 9 financial years

20252024202320222021
Income statement
Gross margin2,8 M €3,3 M €8,2 M €6,1 M €1,9 M €
EBITDA-589,8 k €-2,3 M €1,5 M €1,3 M €139 k €
Operating result-619 k €-2,4 M €1,5 M €1,3 M €139 k €
Net result-522,3 k €-1,5 M €2,4 M €-68,5 k €129,2 k €
Balance sheet
Equity3,6 M €4,2 M €5,7 M €3,3 M €3,3 M €
Total assets33,6 M €30,9 M €27 M €18 M €13,3 M €
Cash473,3 k €11,4 M €10 M €5,2 M €4,8 M €
Debts258,5 k €174,1 k €135,7 k €95,5 k €77,7 k €
Other
Workforce0,0 ETP0,0 ETP0,0 ETP0,0 ETP–

Valuation

Indicative valuation

As an indication, this company is worth

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

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 27 ended

Active mandates

Dirk Rutten

Director · since 12 juin 2025 · until 30 juin 2028

Active
Fallon Declerck

Director · since 12 juin 2025 · until 30 juin 2028

Active
Kris Van Dingenen

Director · since 12 juin 2025 · until 30 juin 2028

Active
Steven Leeten

Director · since 12 juin 2025 · until 30 juin 2028

Active
François Joseph Joosten

Director · since 19 septembre 2024 · until 30 juin 2028

Active
Marion Bouchat

Director · since 13 juin 2024 · until 30 juin 2027

Active

Ended mandates

Luc Thysens

Director · since 07 décembre 2023 · until 30 juin 2025

Ended
Dirk Rutten

Director · since 16 juin 2022 · until 30 juin 2025

Ended
Fallon Declerck

Director · since 16 juin 2022 · until 30 juin 2025

Ended
Kris Van Dingenen

Director · since 16 juin 2022 · until 30 juin 2025

Ended

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Full financial information

Source · NBB
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 date25/06/202627/06/202527/06/202425/06/202329/06/202224/06/2021
General meeting11/06/202612/06/202513/06/202422/06/202316/06/202201/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 9 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202511/06/202625/06/2026DutchPDF
Abridged model31/12/202412/06/202527/06/2025DutchPDF
Abridged model31/12/202313/06/202427/06/2024DutchPDF
Abridged model31/12/202222/06/202325/06/2023DutchPDF
Abridged model31/12/202116/06/202229/06/2022DutchPDF
Abridged model31/12/202001/06/202124/06/2021DutchPDF
Abridged model31/12/201905/06/202030/06/2020DutchPDF
Abridged model31/12/201813/06/201903/07/2019DutchPDF
Abridged model31/12/201722/06/201827/07/2018DutchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 27 ended

Active mandates

Dirk Rutten

Director · since 12 juin 2025 · until 30 juin 2028

Active
Fallon Declerck

Director · since 12 juin 2025 · until 30 juin 2028

Active
Kris Van Dingenen

Director · since 12 juin 2025 · until 30 juin 2028

Active
Steven Leeten

Director · since 12 juin 2025 · until 30 juin 2028

Active
François Joseph Joosten

Director · since 19 septembre 2024 · until 30 juin 2028

Active
Marion Bouchat

Director · since 13 juin 2024 · until 30 juin 2027

Active

Ended mandates

Luc Thysens

Director · since 07 décembre 2023 · until 30 juin 2025

Ended
Dirk Rutten

Director · since 16 juin 2022 · until 30 juin 2025

Ended
Fallon Declerck

Director · since 16 juin 2022 · until 30 juin 2025

Ended
Kris Van Dingenen

Director · since 16 juin 2022 · until 30 juin 2025

Ended

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates04/03/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/02/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other12/02/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Other05/02/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates15/07/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/02/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/07/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/07/2020
    ONTSLAGEN - BENOEMINGEN
    PDF

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 2025-522,3 k €↑
  2. 2024
    Annual accounts 2024-1,5 M €↓
  3. 2023
    Annual accounts 20232,4 M €↑
  4. 2022
    Annual accounts 2022-68,5 k €↓
  5. 2021
    Annual accounts 2021129,2 k €↓
  6. 2020
    Annual accounts 2020850,4 k €↓
  7. 2019
    Annual accounts 20191,6 M €↑
  8. 2018
    Annual accounts 2018772,3 k €
  9. 2017
    Annual accounts 2017
  10. 29/06/2016
    IncorporationNon-profit organization