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Complete company report
Generated 28-06-2026
Active BE 0660.934.640Public limited companyOpen bankruptcy

AEROCIRCULAR

Nieuwpoortsesteenweg 887 ·8400 Oostende, Belgium· 9 yrs active
Sector: NACE 52230 (52230)
Conclusion Checked

A bankruptcy procedure is open for AEROCIRCULAR according to publications in the Belgian State Gazette. The 2018 annual accounts show negative equity (€-461k) and a net result of €-527k.

Based on the State Gazette, CBE and 1 annual account.
Key figures
Equity €-461k
Net result €-527k
Staff (FTE) 2
Active 9 yrs
Snowflake analysis 5 axes · computed by Checked
Health0Profitability100Solvency33Growth50Stability0
37 / 100

Fragile profile — watch health in particular.

Health 0
Profitability 100
Solvency 33
Growth 50
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open — a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
50 / 100
High risk
Components
· Open bankruptcy (+50)
Trust signals 1 signals
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags 0 events
No administrative flags
Health barometer FY 2018 · computed
0 / 100 Critical
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.
Financial overview3 NBB filings
Annual accounts filed on 09-07-2020 with the NBB · fiscal year 2019 · verkort
Fiscal year2018
Revenue—
EBITDA€-68k
Net profit€-527k
Cash flow€-272k
Staff costs—
Income taxes—
Dividends—
Total assets€1.08M
Equity€-461k
Debt€1.54M
of which ≤ 1y€151k
of which > 1y€1.39M
Working capital€-99k
Employees (FTE)2.0
Ratios (computed)
2018
Current ratio0.34
Quick ratio0.34
Working capital ratio-9.2%
Solvency-42.7%
Debt / equity-3.02
Long-term debt ratio-3.02
Interest coverage—
Gross margin—
Net margin—
ROA-48.8%
ROE114.4%
EBITDA margin—
Days sales outstanding—
Days payable outstanding—
Inventory turnover—
Days inventory (DSI)—
Balance-sheet composition 2018
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2018
Balance sheet — Assets
TOTAL ASSETS 20/58€1.08M
Fixed assets 21/28€1.03M
Intangible fixed assets 21€860k
Tangible fixed assets 22/27€19k
Financial fixed assets 28€150k
Current assets 29/58€51k
Amounts receivable within one year 40/41€21k
Cash & bank 54/58€30k
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.08M
Equity 10/15€-461k
Contributions / capital 10/11€67k
Accumulated profits (losses) 14€-527k
Amounts payable 17/49€1.54M
Amounts payable after one year 17€1.39M
Amounts payable within one year 42/48€151k
Trade debts payable within one year 44€96k
Income statement
Gross operating margin 9900€94k
Operating result 9901€-323k
Financial income 75€120
Financial charges 65€42k
Result before taxes 9903€-365k
Net result for the period 9904€-365k
Result to be appropriated 9905€-365k
Ratios computed by Checked.
Directors & mandates2 persons
Role Name Tenure Source
Curator RIK CRIVITS
EZELSTRAAT 25, 8000 BRUGGE-
 05-05-2021 → present Belgian State Gazette
Curator CHRISTINE VERMEIRE
GROEN- DREEF 8, 8400 OOSTENDE
 05-05-2021 → present Belgian State Gazette
Legal Structure
NACE primary 52230
Legal form Public limited company(014)
Incorporation16-08-2016
StatusActive
Postal code8400
First BS signal 12-05-2021
Latest BS signal 12-05-2021
Company structure — linked entities2 linked entities
AEROCIRCULARBE 0660.934.640RIK CRIVITSReceiverCHRISTINE VERMEIREReceiver ↔ 12Canesse, GuillaumeZenker, ElisabethFINE FLEUR TI
Mandates
↔ 1 of these mandate-holders are active on other cases — click any red card to open that KBO.
Establishment units 1 location
AEROCIRCULAR
Nieuwpoortsesteenweg 887, 8400 OostendeDiensten in verband met de luchtvaart
since 20162.256.076.478
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates — not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
35385B0163/00P000 Flanders 1,401 m² — —
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data — this is not proof of ownership.
Updates 4 events

A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2021
12-05-2021
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Oostende · AEROCIRCULAR NV NIEUW- POORTSESTEENWEG 887/40, 8400 OOSTENDE · event 05-05-2021
2020
09-07-2020
NBB filing Annual accounts filed
fiscal year 2019 · verkort
2019
13-08-2019
NBB filing Annual accounts filed
fiscal year 2018 · verkort
2018
06-07-2018
NBB filing Annual accounts filed
fiscal year 2017 · verkort
Lifecycle & Insolvency Signals 1 events
12-05-2021
Bankruptcy Opening
Date: 05-05-2021 · Ondernemingsrechtbank Gent, afdeling Oostende · AEROCIRCULAR NV NIEUW- POORTSESTEENWEG 887/40, 8400 OOSTENDE · Publications in State Gazette ↗
Time machine — BS events + macro context 2021 — 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262021-05-12 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023–2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Credit advice verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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Company registry (CBE) Crossroads Bank
Activities
Diensten in verband met de luchtvaart52230Diensten in verband met de luchtvaart52230
Primary activity highlighted.
Names & trade names
Legal nameNL AEROCIRCULAR
Registered office
Nieuwpoortsesteenweg 887 bus 40
8400 Oostende, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative