ACTIVE

CYC2

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Financial year 2025 · closed on 30/09/2025

Net result

36,0 k €

-52.1% YoY

Gross margin

229,9 k €

-16.9% YoY

Equity

144,5 k €

-9.9% YoY

What does CYC2 do?

CYC2 is a Private limited company incorporated in 2008. Its main activity is: Management consultancy activities. Its registered office is in Lasne.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0807.267.751

Incorporation

13/10/2008

Legal form

Private limited company

Registered office

Ruelle du Curé 1
1380 Lasne · WallonieSee on map

Contributed capital

14 460,00 €

Latest accounts

30/09/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.

Joint committees (2)

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 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	229,9 k €	-16.9%	276,5 k €	+11.9%	247,0 k €	-19.8%	308,1 k €	+92.6%	160,0 k €	-20.0%	199,9 k €	-1.6%	203,1 k €	+10.4%	184,0 k €	+13.1%	162,7 k €	+156%	63,6 k €	-15.3%	75,0 k €	+24.8%	60,1 k €	+264%	16,5 k €	-43.7%	29,3 k €	+283%	-16,0 k €	-105%	-7,8 k €
EBITDA	57,5 k €	-50.2%	115,5 k €	+16.7%	98,9 k €	-38.5%	160,9 k €	+607%	22,8 k €	-48.5%	44,1 k €	-2.8%	45,4 k €	+60.0%	28,4 k €	-47.3%	53,8 k €	+182%	19,0 k €	+237%	5,6 k €	-78.3%	26,0 k €	+60.9%	16,2 k €	-44.2%	29,0 k €	+274%	-16,6 k €	-114%	-7,8 k €
Operating result	54,2 k €	-52.4%	113,8 k €	+15.1%	98,9 k €	-38.5%	160,9 k €	+614%	22,5 k €	-39.4%	37,2 k €	+10.1%	33,8 k €	+109%	16,2 k €	-56.6%	37,2 k €	+105%	18,1 k €	+458%	3,2 k €	-86.2%	23,6 k €	+70.6%	13,8 k €	-49.8%	27,5 k €	+256%	-17,6 k €	-87.9%	-9,4 k €
Net result	36,0 k €	-52.1%	75,2 k €	+12.3%	67,0 k €	-42.4%	116,3 k €	+683%	14,9 k €	-34.0%	22,5 k €	+12.1%	20,1 k €	+160%	7,7 k €	-66.8%	23,3 k €	+113%	10,9 k €	+13860%	78,2 €	-99.4%	13,9 k €	+91.5%	7,3 k €	-70.8%	25,0 k €	+240%	-17,8 k €	-88.5%	-9,4 k €
Balance sheet
Equity	144,5 k €	-9.9%	160,5 k €	+10.5%	145,3 k €	+13.3%	128,2 k €	+25.8%	101,9 k €	+2.9%	99,0 k €	+11.9%	88,5 k €	+10.0%	80,5 k €	-5.0%	84,7 k €	+99.1%	42,6 k €	+34.5%	31,6 k €	+0.2%	31,6 k €	+79.1%	17,6 k €	+70.4%	10,3 k €	+171%	-14,6 k €	-563%	3,2 k €
Total assets	301,5 k €	-6.0%	320,9 k €	+18.6%	270,6 k €	-4.0%	281,9 k €	+83.9%	153,3 k €	-3.9%	159,5 k €	-11.9%	181,2 k €	+27.2%	142,4 k €	-11.0%	160,0 k €	+45.1%	110,2 k €	+4.0%	106,0 k €	-37.0%	168,3 k €	+137%	70,9 k €	+29.8%	54,7 k €	+108%	26,3 k €	+80.4%	14,6 k €
Cash	68,8 k €	+115%	32,0 k €	-38.1%	51,7 k €	+57.9%	32,7 k €	+7.3%	30,5 k €	+17.7%	25,9 k €		–		40,3 k €	+936%	3,9 k €	-83.2%	23,1 k €		–		15,2 k €	+27451%	55,3 €	-97.8%	2,5 k €	+202%	831,2 €	+5.9%	785,0 €
Debts	156,8 k €	-2.1%	160,1 k €	+27.8%	125,3 k €	-18.0%	152,9 k €	+198%	51,4 k €	-15.1%	60,5 k €	-33.2%	90,6 k €	+47.5%	61,4 k €	-18.4%	75,2 k €	+11.2%	67,7 k €	-9.0%	74,4 k €	-45.6%	136,6 k €	+156%	53,3 k €	+22.1%	43,7 k €	+6.8%	40,9 k €	+259%	11,4 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		1,0 ETP	0.0%	1,0 ETP	+11.1%	0,9 ETP		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 2 ended

Active mandates

Frédéric WITMEUR

Manager

Active

Ended mandates

Giancarlo MEGNA

Associate

Ended

Giancarmelo MEGNA

Associate

Ended

At this address

Other companies at this address

Company	CBE no.
FWI MANAGEMENT● Active	0838.368.525

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/05/2026	30/04/2025	02/05/2024	17/05/2023	30/05/2022	21/05/2021
General meeting	27/03/2026	28/03/2025	22/03/2024	24/03/2023	25/03/2022	26/03/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	27/03/2026	30/05/2026	French	PDF
Micro model	30/09/2024	28/03/2025	30/04/2025	French	PDF
Micro model	30/09/2023	22/03/2024	02/05/2024	French	PDF
Micro model	30/09/2022	24/03/2023	17/05/2023	French	PDF
Micro model	30/09/2021	25/03/2022	30/05/2022	French	PDF
Micro model	30/09/2020	26/03/2021	21/05/2021	French	PDF
Micro model	30/09/2019	27/03/2020	29/05/2020	French	PDF
Micro model	30/09/2018	22/03/2019	22/05/2019	French	PDF
Micro model	30/09/2017	23/03/2018	07/05/2018	French	PDF
Abridged modelCorrection	30/09/2016	24/03/2017	16/04/2018	French	PDF
Abridged model	30/09/2016	24/03/2017	31/05/2017	French	PDF
Abridged model	30/09/2015	25/03/2016	30/05/2016	French	PDF
Abridged model	30/09/2014	27/03/2015	29/05/2015	French	PDF
Abridged model	30/09/2013	28/03/2014	30/05/2014	French	PDF
Abridged model	30/09/2012	29/03/2013	30/05/2013	French	PDF
Abridged model	30/09/2011	30/03/2012	31/05/2012	French	PDF
Abridged model	30/09/2010	25/03/2011	31/05/2011	French	PDF
Abridged model	30/09/2009	26/03/2010	31/05/2010	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 30/09/2025 · 1 active · 2 ended

Active mandates

Frédéric WITMEUR

Manager

Active

Ended mandates

Giancarlo MEGNA

Associate

Ended

Giancarmelo MEGNA

Associate

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2025
Annual accounts 202536,0 k €↓
2024
Annual accounts 202475,2 k €↑
2023
Annual accounts 202367,0 k €↓
2022
Annual accounts 2022116,3 k €↑
2021
Annual accounts 202114,9 k €↓
2020
Annual accounts 202022,5 k €↑
2019
Annual accounts 201920,1 k €↑
2018
Annual accounts 20187,7 k €↓
2017
Annual accounts 201723,3 k €↑
2015
Annual accounts 201510,9 k €↑
2014
Annual accounts 201478,2 €↓
2013
Annual accounts 201313,9 k €↑
2012
Annual accounts 20127,3 k €↓
2011
Annual accounts 201125,0 k €↑
2010
Annual accounts 2010-17,8 k €↓
2009
Annual accounts 2009-9,4 k €
13/10/2008
IncorporationPrivate 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

CYC2

Overview

What does CYC2 do?

Trend over 16 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline