CIRBA
ActiveCIRBA has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €35k and a net result of €7k. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 51% of 15867 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability79▲+12
Solvency66▲+13
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.16 against 0.86 in 2023; short-term debt: 59.1% and cash: 1.3% of total assets), and 59.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
40.9%
Return on assets
8.2%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €35k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-09-2025, 47 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
47 d late
2023
62 d late
2022
52 d late
2021
75 d late
2020
61 d late
2019
106 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€7k
2023 · €-1k
2018: €1k
2019: €1k
2020: €-273
2021: €1k
2022: €-1k
2023: €-1k
2018 → 2024
Working capital
€8k
2023 · €-10k
2018: €29k
2019: €30k
2021: €31k
2022: €-21k
2023: €-10k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€30k-€31k▲ 3.8%€29k▼ 4.8%€28k▼ 4.4%€35k▲ 24.9%
Operating result€-3k-€2k€1k▼ 57.1%€977▼ 6.2%€12k▲ 1,163%
Net result€-273-€1k€-1k€-1k▲ 12.2%€7k
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 1,163% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €86k
Fixed assets
€27k▼ 29.9%
Current assets
€59k▼ 7.4%
Equity and liabilities €86k
Equity
€35k▲ 24.9%
Debt
€51k▼ 31.4%
The debt ratio falls from 72.5% to 59.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€24k▲
2023 · €13k
Cash flow
€19k▲
2023 · €10k
Solvency
40.9%▲
2023 · 27.5%
Current ratio
1.16▲
2023 · 0.86
Quick ratio
1.16▲
2023 · 0.86
Debt / equity
1.45▼
2023 · 2.63
ROE
20.0%▲
2023 · -4.6%
ROA
8.2%▲
2023 · -1.3%
Interest coverage
41.60▲
2023 · 25.79
Debt
€51k▼
2023 · €74k
Debt ≤ 1 year
€51k▼
2023 · €74k
Income taxes
€5k▲
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€102k€86k▼
Fixed assets21/28€39k€27k▼
Tangible fixed assets22/27€39k€27k▼
Furniture and vehicles24€39k€27k▼
Current assets29/58€64k€59k▼
Amounts receivable within one year40/41€61k€58k▼
Trade receivables40€60k€54k▼
Other amounts receivable41€442€3k▲
Cash at bank and in hand54/58€3k€1k▼
Deferred charges and accrued income490/1€192€328▲
Equity and liabilities
Total equity and liabilities10/49€102k€86k▼
Equity10/15€28k€35k▲
Contributions10/11€19k€19k=
Outside capital11€19k-
Other1109/19€19k-
Reserves13€742€742=
Non-distributable reserves130/1€742€742=
Reserves not available under the articles1311€742€742=
Profit (loss) carried forward14€9k€16k▲
Amounts payable17/49€74k€51k▼
Amounts payable within one year42/48€74k€51k▼
Trade debts44€31k€13k▼
Suppliers440/4€25k€8k▼
Bills of exchange payable441€5k€5k=
Taxes, remuneration and social security45€2k€5k▲
Taxes450/3€2k€5k▲
Other amounts payable47/48€42k€33k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€12k=
Other operating charges640/8€2k€1k▼
Gross operating margin9900€15k€25k▲
Operating profit (loss)9901€977€12k▲
Financial charges65/66B€486€574▲
Recurring financial charges65€486€574▲
Profit (loss) for the period before taxes9903€492€12k▲
Income taxes67/77€2k€5k▲
Profit (loss) for the period9904€-1k€7k▲
Profit (loss) for the period to be appropriated9905€-1k€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€9k€16k▲
Profit (loss) brought forward from the previous period14P€10k€9k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
16-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 47 days late
2024
31-12
Financial
Back to profitnet €7k
Net result €7k after 2 loss-making years.
01-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 62 days late
2023
21-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 52 days late
2022
31-12
Financial
Weakest financial yearnet €-1k ▼232%
Net result drops to €-1k, the lowest in the series; recovery starts the following year.
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 75 days late
2021
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 61 days late
2020
14-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 106 days late
2019
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 55 days late
2018
11-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 42 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
2016
04-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-12-2025
BEZZARI MOHAMMED: Resigned as Director
30-06-2021
Philippe MARCUS HELMONS: Resigned as Director
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2006
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Borrensstraat 511050 ElseneGround area
72 m²
Building footprint
66 m²
Volume, LiDAR
817 m³
Parcel 21443C0196/00G021, Brussels · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Borrensstraat 51, 1050 Elsene
since 20062.152.486.715
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443C0196/00G021 | Brussels | 72 m² | 1 · 66 m² | 14.7 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
10 connected companiesNetwork connections
Shared address
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Shared address
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Shared address
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Show 6 more network connections
Shared address
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Shared address
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Shared address
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Shared address
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Shared address
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Shared address
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Of 1,897 companies in sector 46460 we hold annual accounts for 1,116. 416 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-11-2005
Fiscal year end31-12
Activities, NACEBEL
46460Wholesale of pharmaceutical and medical goods
46869Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.