CIRPRESS

Active

Private limited companyfounded 20223 yrs activeLeo Bekaertlaan 2, 8870 Izegem, BelgiumKBO/BCE: BE 0793.466.334

Summary

CIRPRESS has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-184k) and a net result of €-88k. Equity is shrinking by ~84% per year across the filed fiscal years. Its solvency ranks better than 10% of 111 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).

Watch Print / PDF

Checked score

Score 2025

23 / 100

Critical

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0=

Solvency0▼-4

Growth32=

Track record94

Bankruptcy probability, 12 months

1.2% Low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.54 against 0.57 in 2024; short-term debt: 88.5% and cash: 1.2% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 20

Relative position

BE, all sectors

reference

Sector 20

lower

← fewer bankruptcies more bankruptcies →

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 2025

Solvency, return and age of the figures

Solvency

-40.4%

Return on assets

-19.2%

Age of the figures

9 mo

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

232425

2023 to 2025 · latest year €-184k

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

16 d early

2024

27 d late

2023

29 d early

← before the deadline after the deadline →

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

24-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Equity

€-184k▼ 91.2%

2024 · €-96k

2023: €-22k 2024: €-96k

2023 → 2025

Total assets

€457k▼ 1.8%

2024 · €465k

2023: €159k 2024: €465k

2023 → 2025

Net result

€-88k▼ 18.9%

2024 · €-74k

2023: €-37k 2024: €-74k

2023 → 2025

Working capital

€-185k▼ 26.8%

2024 · €-146k

2023: €-60k 2024: €-146k

2023 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202320242025Trend

Equity€-22k-€-96k▼ 329%€-184k▼ 91.2%

Operating result€-33k-€-56k▼ 71.4%€-72k▼ 29.3%

Net result€-37k-€-74k▼ 97.4%€-88k▼ 18.9%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €72k in 2025 against €56k in 2024; the loss grows and 2025 has the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €457k

52.1%

47.9%

Fixed assets €238k ▼ 11.2%

Current assets €219k ▲ 10.9%

Key figures and ratios

2025 value · change against 2024

EBITDA

€-22k▼

2024 · €-18k

Cash flow

€-38k▼

2024 · €-36k

Solvency

-40.4%▼

2024 · -20.7%

Current ratio

0.54▼

2024 · 0.57

Quick ratio

0.23▼

2024 · 0.31

Debt to equity

-3.48▲

2024 · -5.83

ROA

-19.2%▼

2024 · -15.9%

Interest coverage

-1.42▼

2024 · -0.99

Debt

€641k▲

2024 · €562k

Debt ≤ 1 year

€404k▲

2024 · €343k

Debt > 1 year

€237k▲

2024 · €218k

Income taxes

€165

Staff costs

€112k▲

2024 · €8k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines

Balance sheet Code20242025

Assets

Total assets20/58€465k€457k▼

Fixed assets21/28€268k€238k▼

Tangible fixed assets22/27€268k€238k▼

Plant, machinery and equipment23€46k€53k▲

Leasing and similar rights25€222k€185k▼

Current assets29/58€197k€219k▲

Stocks and contracts in progress3€90k€125k▲

Stocks30/36€90k€125k▲

Amounts receivable within one year40/41€79k€79k▼

Trade receivables40€44k€79k▲

Other amounts receivable41€35k€0▼

Cash at bank and in hand54/58€20k€6k▼

Deferred charges and accrued income490/1€8k€9k▲

Equity and liabilities

Total equity and liabilities10/49€465k€457k▼

Equity10/15€-96k€-184k▼

Contributions10/11€15k€15k=

Profit (loss) carried forward14€-111k€-199k▼

Amounts payable17/49€562k€641k▲

Amounts payable after more than one year17€218k€237k▲

Financial debts170/4€218k€237k▲

Amounts payable within one year42/48€343k€404k▲

Current portion of amounts payable after more than one year42€30k€31k▲

Financial debts43€100k€0▼

Credit institutions430/8€100k€0▼

Trade debts44€159k€44k▼

Suppliers440/4€159k€44k▼

Taxes, remuneration and social security45€2k€29k▲

Taxes450/3-€13k

Remuneration and social security454/9€2k€16k▲

Other amounts payable47/48€53k€300k▲

Income statement Code20242025

Remuneration, social security and pensions62€8k€112k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€50k▲

Other operating charges640/8€8k€8k▲

Gross operating margin9900€-2k€98k▲

Operating profit (loss)9901€-56k€-72k▼

Financial income75/76B€0€60▲

Recurring financial income75€0€60▲

Financial charges65/66B€18k€16k▼

Recurring financial charges65€18k€16k▼

Profit (loss) for the period before taxes9903€-74k€-88k▼

Income taxes67/77-€165

Profit (loss) for the period9904€-74k€-88k▼

Profit (loss) for the period to be appropriated9905€-74k€-88k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-111k€-199k▼

Profit (loss) brought forward from the previous period14P€-37k€-111k▼

Social balance

Average headcount (FTE)90870.32.1▲

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 4Financial 1Filings 3

Next filing, fiscal year 2026, expected by 31-07-2027

2026

15-07

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

31-12

Financial Weakest financial yearnet €-88k

Net result drops to €-88k, the lowest in the series.

27-08

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 27 days late

2024

02-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Izegem · 1 establishment unit since 2023

establishment The establishment unit on the map

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.

Leo Bekaertlaan 28870 Izegem

Ground area

1.7 ha

2 parcels, Flanders. Linked by address, not a title deed.

1 establishment unit

CIRPRESS

Vaarnewijkstraat 12, 8530 HarelbekeManufacture of textiles

since 20232.341.561.588

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
36009A0505/00E003	Flanders	1.1 ha	-	-
34323D0121/00M007	Flanders	5,787 m²	-	-

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

PRINCIPLE BUSINESS INTERNATIONAL

BE 0416.398.729

Tongeren-Borgloon · FTE 2.5

SRS BENELUX

BE 0437.065.271

Villers-la-Ville · FTE 4.4

Of 33 companies in sector 20600 we hold annual accounts for 27. 11 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded10-11-2022

Fiscal year end31-12

Activities, NACEBEL 2025

20600Manufacture of chemicals and chemical products

22240Manufacture of rubber and plastic products

13100Manufacture of textiles

13300Finishing of textiles

13990Manufacture of textiles

22210Manufacture of rubber and plastic products

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.