CIRKULES
Open bankruptcyA bankruptcy procedure is open for CIRKULES according to publications in the Belgian State Gazette; curator: Stijn VANSCHOUBROEK.
Summary
The 2020 annual accounts show equity of €30,910 and a net result of -€251,841.
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 Brussels
- Declared bankrupt
- 12 September 2023
- Supervising judge
- Koen Swerten
- Official Gazette
- 18-09-2023 (pdf) ↗search the document for 2023/133912
Deadlines
- Provisional date payments stopped
- 12 September 2023A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 3 October 2023Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 12 October 2023art. XX.104 and XX.155 CEL
- First verification report
- passed on 18 October 2023Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 12 September 2024Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Stijn VanschoubroekKeizer Karellaan 586 Bus 9, 1082 Sint-Agatha-Berchemsvanschoubroek@racine.eu
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.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
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.Creditor guide for this company
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Signals
Two signals.
+raises risk
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?Addresses Are there other customers at risk in your own list?List enrichment How is the Activities of holding companies sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2020, micro schema
Equity
€30,910▼ 89.1%
2019 · €282,751
Net result
-€251,841
2019 · €19,816
Total assets
€1.2m▼ 10.5%
2019 · €1.4m
Solvency
2.6%▼ 18.3pp
2019 · 20.9%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Operating result€181,522-€31,243▼ 82.8%-€241,491
Net result€134,592-€19,816▼ 85.3%-€251,841below the sector's middle half
Equity€262,935-€282,751▲ 7.5%€30,910below the sector's middle half▼ 89.1%
Total assets€1.3m-€1.4m▲ 8.0%€1.2mabove the sector's middle half▼ 10.5%
Debt€989,978-€1.1m▲ 8.2%€1.2m▲ 10.2%
Working capital€311,653-€335,210▲ 7.6%€104,514▼ 68.8%
Solvency21.0%-20.9%▼ 0.1pp2.6%below the sector's middle half▼ 18.3pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €241,491 after €31,243 in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €1.2m
Fixed assets
€476 ▼ 70.8%
Current assets
€1.2m ▼ 10.5%
Equity and liabilities €1.2m
Equity
€30,910 ▼ 89.1%
Debt
€1.2m ▲ 10.2%
Debt's share of the balance-sheet total rises from 79.1% to 97.4%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-814.8%▼
2019 · 7.0%
ROA
-20.8%▼
2019 · 1.5%
Debt ≤ 1 year
€1.1m▲
2019 · €1.0m
Debt > 1 year
€74,080▲
2019 · €54,080
Income taxes
€2▼
2019 · €5,367
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,651 | €1,651 | €1,155 | ▼ 30.0% |
| Gross operating margin9900 | €183,589 | €43,918 | -€68,568 | ▼ 256% |
| Operating profit (loss)9901 | €181,522 | €31,243 | -€241,491 | ▼ 873% |
| Recurring financial charges65 | €2,931 | €6,060 | €10,348 | ▲ 70.8% |
| Profit (loss) for the period before taxes9903 | €178,592 | €25,183 | -€251,839 | ▼ 1,100% |
| Income taxes67/77 | €44,000 | €5,367 | €2 | ▼ 100.0% |
| Profit (loss) for the period9904 | €134,592 | €19,816 | -€251,841 | ▼ 1,371% |
| Profit (loss) for the period to be appropriated9905 | €134,592 | €19,816 | -€251,841 | ▼ 1,371% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.3m | €1.4m | €1.2m | ▼ 10.5% |
| Fixed assets21/28 | €3,282 | €1,631 | €476 | ▼ 70.8% |
| Tangible fixed assets22/27 | €3,282 | €1,631 | €476 | ▼ 70.8% |
| Current assets29/58 | €1.2m | €1.4m | €1.2m | ▼ 10.5% |
| Stocks and contracts in progress3 | €320,050 | €377,335 | €377,335 | = |
| Amounts receivable within one year40/41 | €753,373 | €644,299 | €453,907 | ▼ 29.6% |
| Cash at bank and in hand54/58 | €2,157 | €34,963 | €45,657 | ▲ 30.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.3m | €1.4m | €1.2m | ▼ 10.5% |
| Equity10/15 | €262,935 | €282,751 | €30,910 | ▼ 89.1% |
| Contributions10/11 | €70,000 | €70,000 | €70,000 | = |
| Reserves13 | €58,343 | €58,343 | €58,343 | = |
| Profit (loss) carried forward14 | €134,592 | €154,408 | -€97,433 | ▼ 163% |
| Amounts payable17/49 | €989,978 | €1.1m | €1.2m | ▲ 10.2% |
| Amounts payable after more than one year17 | €52,000 | €54,080 | €74,080 | ▲ 37.0% |
| Amounts payable within one year42/48 | €937,978 | €1.0m | €1.1m | ▲ 8.8% |
| Trade debts44 | €634,699 | €575,795 | €587,684 | ▲ 2.1% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €134,592 | €19,816 | -€251,841 | ▼ 1,371% |
| + Depreciation and write-downs630 | €1,651 | €1,651 | €1,155 | ▼ 30.0% |
| Operating cash flow (approximation) | €136,243 | €21,467 | -€250,686 | ▼ 1,268% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | €32,806 | €10,694 | ▼ 67.4% |
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
2023
18-09
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 12-09-2023
2021
29-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 121 days late
2020
31-12
Financial
Weakest financial yearnet -€251,841
Net result drops to -€251,841, the lowest in the series.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
28-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 181 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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.
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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, Elsene · 1 establishment unit since 2017
Ground area
266 m²
Building footprint
265 m²
Volume, LiDAR
3,746 m³
Parcel 21807G0211/00W012, Brussels · tallest building 34.0 m, ±5 floors. Linked by address, not a title deed.
493
companies at this address
See who is registered here
1 establishment unit
CIRKULES
since 20172.265.976.913
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0211/00W012 | Brussels | 266 m² | 1 · 265 m² | 34.0 m · 5 fl. |
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
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Stijn VANSCHOUBROEK KEIZER KARELLAAN 586
BUS 9, 1082 SINT-AGATHA-BERCHEM |
12-09-2023 → present |
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 8,871 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded22-05-2017
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
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.