CYCLIC
Open bankruptcyA bankruptcy procedure is open for CYCLIC according to publications in the Belgian State Gazette; curator: ALAIN G. VANDAMME.
Summary
The 2022 annual accounts show equity of €15,997 and a net result of -€75,027.
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
- French-language Enterprise Court of Brussels
- Declared bankrupt
- 28 June 2024
- Supervising judge
- Bertrand Veldekens
- Official Gazette
- 10-07-2024 (pdf) ↗search the document for 2024/128946
Deadlines
- Appeal or third-party opposition until
- passed on 25 July 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 28 July 2024art. XX.104 and XX.155 CEL
- First verification report
- passed on 7 August 2024Goods 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 28 June 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Alain G. VandammeBoulevard Brand Whit- Lock 106, 1200 Woluwe-Saint-Lambert- vovan.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.
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
Embed in an article
Writing about this bankruptcy? Put the card of CYCLIC in your article: name, enterprise number, its status in the KBO and the latest annual accounts, with a link to this dossier.
Preview
The preview appears here.
- Stays current: the status follows the register, the figures are those of the latest filed accounts. No Checked score or verdict.
- Light on your page: one small script and one data request, also answered from a cache; no cookies, no tracking.
- Where scripts do not run (a newsletter, a feed reader) a plain link remains.
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 31-12-2022 was due by 31-07-2023 and was filed on 15-06-2023, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
46 d early
2021
43 d early
2020
174 d late
2019
81 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 42 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 Are there other customers at risk in your own list?List enrichment How is the Agents in non-specialised wholesale trade sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Equity
€15,997▼ 82.4%
2021 · €91,024
Total assets
€89,253▼ 40.6%
2021 · €150,335
Net result
-€75,027▼ 6,011%
2021 · -€1,228
Working capital
-€4,170
2021 · €91,024
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line20182019202020212022
Operating result-€2,709--€309▲ 88.6%€147,762-€640-€52,049▼ 8,030%
Net result-€3,177-€20,299€118,823above the sector's middle half▲ 485%-€1,228within the sector's middle half-€75,027below the sector's middle half▼ 6,011%
Equity-€46,869--€26,570▲ 43.3%€92,252within the sector's middle half€91,024within the sector's middle half▼ 1.3%€15,997within the sector's middle half▼ 82.4%
Total assets€10,946-€53▼ 99.5%€150,260within the sector's middle half▲ 283,409%€150,335within the sector's middle half=€89,253within the sector's middle half▼ 40.6%
Debt€57,815-€26,623▼ 54.0%€58,008▲ 118%€59,311▲ 2.2%€73,256▲ 23.5%
Working capital-€46,869--€26,570▲ 43.3%€92,252within the sector's middle half€91,024within the sector's middle half▼ 1.3%-€4,170within the sector's middle half
Solvency-428.2%-61.4%within the sector's middle half60.5%within the sector's middle half▼ 0.8pp17.9%within the sector's middle half▼ 42.6pp
Current ratio0.19-2.59within the sector's middle half2.53within the sector's middle half▼ 0.060.94within the sector's middle half▼ 1.59
Return on assets (ROA)-29.0%-79.1%above the sector's middle half-0.8%within the sector's middle half▼ 79.9pp-84.1%below the sector's middle half▼ 83.2pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, 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 stays negative: a loss of €52,049 in 2022 against €640 in 2021; the loss grows and 2022 has the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €89,253
Fixed assets
€20,167
Current assets
€69,086
Equity and liabilities €89,253
Equity
€15,997 ▼ 82.4%
Debt
€73,256 ▲ 23.5%
Debt's share of the balance-sheet total rises from 39.5% to 82.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€50,216
Cash flow
-€73,194
Debt to equity
4.58▲
2021 · 0.65
ROE
-469.0%▼
2021 · -1.3%
Interest coverage
-261.08
Debt ≤ 1 year
€73,256▲
2021 · €59,311
Income taxes
€22,786
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €1,833 | - |
| Other operating charges640/8 | - | - | - | €640 | €238 | ▼ 62.8% |
| Gross operating margin9900 | -€1,157 | -€309 | €147,762 | €0 | -€49,978 | - |
| Operating profit (loss)9901 | -€2,709 | -€309 | €147,762 | -€640 | -€52,049 | ▼ 8,030% |
| Recurring financial income75 | - | €20,012 | - | - | - | - |
| Financial charges65/66B | - | - | - | €588 | €192 | ▼ 67.3% |
| Recurring financial charges65 | €468 | €731 | €705 | €588 | €192 | ▼ 67.3% |
| Profit (loss) for the period before taxes9903 | -€3,177 | €18,972 | €147,057 | -€1,228 | -€52,242 | ▼ 4,155% |
| Income taxes67/77 | - | -€1,327 | €28,234 | - | €22,786 | - |
| Profit (loss) for the period9904 | -€3,177 | €20,299 | €118,823 | -€1,228 | -€75,027 | ▼ 6,011% |
| Profit (loss) for the period to be appropriated9905 | -€3,177 | €20,299 | €118,823 | -€1,228 | -€75,027 | ▼ 6,011% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10,946 | €53 | €150,260 | €150,335 | €89,253 | ▼ 40.6% |
| Fixed assets21/28 | - | - | - | - | €20,167 | - |
| Tangible fixed assets22/27 | - | - | - | €0 | €20,167 | - |
| Furniture and vehicles24 | - | - | - | - | €20,167 | - |
| Current assets29/58 | €10,946 | €53 | €150,260 | €150,335 | €69,086 | ▼ 54.0% |
| Amounts receivable within one year40/41 | €3,833 | €53 | €150,260 | €150,260 | €67,240 | ▼ 55.3% |
| Trade receivables40 | - | - | - | €150,000 | €58,567 | ▼ 61.0% |
| Other amounts receivable41 | - | - | - | €260 | €8,673 | ▲ 3,238% |
| Current investments50/53 | €183 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €6,930 | - | - | €75 | €1,161 | ▲ 1,450% |
| Deferred charges and accrued income490/1 | - | - | - | - | €685 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10,946 | €53 | €150,260 | €150,335 | €89,253 | ▼ 40.6% |
| Equity10/15 | -€46,869 | -€26,570 | €92,252 | €91,024 | €15,997 | ▼ 82.4% |
| Contributions10/11 | €6,250 | €6,250 | - | €6,250 | €6,250 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€54,979 | -€34,680 | €84,142 | €82,914 | €7,887 | ▼ 90.5% |
| Amounts payable17/49 | €57,815 | €26,623 | €58,008 | €59,311 | €73,256 | ▲ 23.5% |
| Amounts payable within one year42/48 | €57,815 | €26,623 | €58,008 | €59,311 | €73,256 | ▲ 23.5% |
| Trade debts44 | €25,077 | €2,797 | €1,263 | €1,263 | €21,666 | ▲ 1,615% |
| Suppliers440/4 | - | - | - | €1,263 | €21,666 | ▲ 1,615% |
| Taxes, remuneration and social security45 | - | - | - | €28,874 | €51,590 | ▲ 78.7% |
| Taxes450/3 | - | - | - | €28,874 | €51,590 | ▲ 78.7% |
| Other amounts payable47/48 | - | - | - | €29,173 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,177 | €20,299 | €118,823 | -€1,228 | -€75,027 | ▼ 6,011% |
| + Depreciation and write-downs630 | - | - | - | - | €1,833 | - |
| Operating cash flow (approximation) | -€3,177 | €20,299 | €118,823 | -€1,228 | -€73,194 | ▼ 5,862% |
| Change in cash | - | - | - | - | €1,086 | - |
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
2024
10-07
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 28-06-2024
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€75,027
Net result drops to -€75,027, the lowest in the series.
18-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
21-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 174 days late
2020
31-12
Financial
Highest result since 2018net €118,823 ▲485%
Operating result €147,762, net result €118,823, both a record.
31-12
Financial
Liquidity times 1301current ratio 2.59
Current ratio from 0.00 to 2.59.
20-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 81 days late
2019
31-12
Financial
Back to profitnet €20,299
Net result €20,299 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
21-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 113 days late
21-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 478 days late
Show earlier events
2016
26-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 57 days late
2015
25-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 56 days late
2014
15-09
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 46 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
7 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, Brussel
Ground area
1,823 m²
Building footprint
197 m²
Volume, LiDAR
3,560 m³
Parcel 21803C0268/00C002, Brussels · tallest building 21.8 m, ±6 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21803C0268/00C002 ProtectedSite or landscape · MonumentVoormalig Hotel en bank Empain - voormalig Hotel de Knuyt de VosmaerSource ↗ |
Brussels | 1,823 m² | 1 · 197 m² | 21.8 m · 6 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ALAIN G. VANDAMME BOULEVARD BRAND WHIT-
LOCK 106, 1200 WOLUWE-SAINT-LAMBERT- alain.vandamme@law-
vovan.be |
28-06-2024 → present |
Similar companies · same sector, comparable size
LexReno
BE 1022.609.335
Nieuwerkerken (Limb.) · Eq €16,002
IMP SERVICES
BE 0752.619.139
Etterbeek · Eq €16,007
3B POSTERITY
BE 0878.258.190
Elsene · Eq €15,957
ERAS'MUST
BE 0675.869.868
Liège · Eq €16,048
NFINITY
BE 0779.408.658
Sint-Genesius-Rode · Eq €15,928
Of 6,146 companies in sector 46190 we hold annual accounts for 2,577. 1,560 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded20-12-2004
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
68110Buying and selling of own real estate
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 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.