AEROCIRCULAR
Open bankruptcySummary
A bankruptcy procedure is open for AEROCIRCULAR according to publications in the Belgian State Gazette. The 2019 annual accounts show negative equity (-€731,024) and a net result of -€299,657.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Ostend division
- Declared bankrupt
- 5 May 2021
- Supervising judge
- Walter Hosten
- Official Gazette
- 12-05-2021 (pdf) ↗search the document for 2021/118131
Curators
- Rik CrivitsEzelstraat 25, 8000 Bruggerik.crivits@crivitspersyn.be
- Christine VermeireGroen- Dreef 8, 8400 Oostendechristine.vermeire@advocaat.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
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Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 09-07-2020, 22 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
22 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its 2019 accounts 22 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check How is the Warehousing and support activities for transportation sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2019, abbreviated schema
Equity
-€731,024▼ 58.6%
2018 · -€460,796
Total assets
€1.5m▲ 39.2%
2018 · €1.1m
Net result
-€299,657▲ 17.8%
2018 · -€364,603
Working capital
-€384,755▼ 287%
2018 · -€99,446
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019
Operating result-€322,678--€206,025▲ 36.2%
Net result-€364,603--€299,657▲ 17.8%
Equity-€460,796--€731,024▼ 58.6%
Total assets€1.1m-€1.5m▲ 39.2%
Debt€1.5m-€2.2m▲ 45.0%
Working capital-€99,446--€384,755▼ 287%
Staff (FTE)2-2.5▲ 25.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2019 Equity -59% on 2018. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €206,025 in 2019 against €322,678 in 2018; the loss shrinks.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €1.5m
Fixed assets
€1.2m ▲ 21.2%
Current assets
€256,798 ▲ 399%
Key figures and ratios
EBITDA
€104,611▲
2018 · -€67,626
Cash flow
€10,979▲
2018 · -€109,550
Solvency
-48.6%▼
2018 · -42.7%
Current ratio
0.40▲
2018 · 0.34
Debt to equity
-2.14▲
2018 · -3.02
ROA
-19.9%▲
2018 · -33.8%
Debt ≤ 1 year
€641,552▲
2018 · €150,927
Debt > 1 year
€1.6m▲
2018 · €1.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €255,053 | €310,636 | ▲ 21.8% |
| Gross operating margin9900 | €94,361 | €294,734 | ▲ 212% |
| Operating profit (loss)9901 | -€322,678 | -€206,025 | ▲ 36.2% |
| Recurring financial income75 | €120 | €303 | ▲ 153% |
| Recurring financial charges65 | €42,044 | €93,934 | ▲ 123% |
| Profit (loss) for the period before taxes9903 | -€364,603 | -€299,657 | ▲ 17.8% |
| Profit (loss) for the period9904 | -€364,603 | -€299,657 | ▲ 17.8% |
| Profit (loss) for the period to be appropriated9905 | -€364,603 | -€299,657 | ▲ 17.8% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €1.1m | €1.5m | ▲ 39.2% |
| Fixed assets21/28 | €1.0m | €1.2m | ▲ 21.2% |
| Intangible fixed assets21 | €860,000 | €1.1m | ▲ 23.5% |
| Tangible fixed assets22/27 | €18,650 | €35,131 | ▲ 88.4% |
| Financial fixed assets28 | €150,000 | €150,000 | = |
| Current assets29/58 | €51,481 | €256,798 | ▲ 399% |
| Amounts receivable within one year40/41 | €21,381 | €255,438 | ▲ 1,095% |
| Cash at bank and in hand54/58 | €30,100 | €1,360 | ▼ 95.5% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €1.1m | €1.5m | ▲ 39.2% |
| Equity10/15 | -€460,796 | -€731,024 | ▼ 58.6% |
| Contributions10/11 | €66,500 | €95,930 | ▲ 44.3% |
| Profit (loss) carried forward14 | -€527,296 | -€826,954 | ▼ 56.8% |
| Amounts payable17/49 | €1.5m | €2.2m | ▲ 45.0% |
| Amounts payable after more than one year17 | €1.4m | €1.6m | ▲ 12.8% |
| Amounts payable within one year42/48 | €150,927 | €641,552 | ▲ 325% |
| Trade debts44 | €96,110 | €206,987 | ▲ 115% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€364,603 | -€299,657 | ▲ 17.8% |
| + Depreciation and write-downs630 | €255,053 | €310,636 | ▲ 21.8% |
| Operating cash flow (approximation) | -€109,550 | €10,979 | ▲ 110% |
| Investment in fixed assets (approximation) | - | -€528,918 | - |
| Change in cash | - | -€28,741 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2021
12-05
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Oostende · event 05-05-2021
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 13 days late
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
SignalNBB filing
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Oostende · 1 establishment unit since 2016
Ground area
1,401 m²
Parcel 35385B0163/00P000, Flanders. Linked by address, not a title deed.
22
companies at this address
See who is registered here
1 establishment unit
AEROCIRCULAR
since 20162.256.076.478
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35385B0163/00P000 | Flanders | 1,401 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | RIK CRIVITS EZELSTRAAT 25, 8000 BRUGGE- |
05-05-2021 → present |
| Curator | CHRISTINE VERMEIRE GROEN-
DREEF 8, 8400 OOSTENDE |
05-05-2021 → present |
Public money · subsidies and aid
European research
1 project · 400,563 EUR EU contributionProgrammes
Projects
SUSTAINablility increase of lightweight, multifunctional and intelligent airframe and engine parts
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Of 527 companies in sector 52230 we hold annual accounts for 278. 76 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded16-08-2016
Fiscal year end31-12
Activities, NACEBEL 2025
52230Warehousing and support activities for transportation
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.