Age21 yrs
Real estate1 parcel · 1,823 m²
Summary
Conclusion
the dossier summarised in one paragraphA bankruptcy procedure is open for CYCLIC according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €16k and a net result of €-75k.
Based on the State Gazette, CBE and 5 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneBankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Insolvency timeline
1 events10-07-2024
Bankruptcy
Opening
Signals
Insufficient current data: the most recent filed accounts (financial year 2022) are too old to derive current signals.
Filing behaviour
From the deposit records, complete market-wideFiling behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
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. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2022, that is 31-07-2023.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | nothing on record | not filed | - |
| 31-12-2023 | 31-07-2024 | nothing on record | not filed | - |
| 31-12-2022 | 31-07-2023 | 15-06-2023 | 46 d early | 2023-00149184 |
| 31-12-2021 | 31-07-2022 | 18-06-2022 | 43 d early | 2022-20082137 |
| 31-12-2020 | 31-07-2021 | 21-01-2022 | 174 d late | 2022-01800320 |
| 31-12-2019 | 31-07-2020 | 20-10-2020 | 81 d late | 2020-62200177 |
| 31-12-2018 | 31-07-2019 | 30-08-2019 | 30 d late | 2019-59000044 |
| 31-12-2017 | 31-07-2018 | 21-11-2018 | 113 d late | 2018-72800374 |
| 31-12-2016 | 31-07-2017 | 21-11-2018 | 478 d late | 2018-72800373 |
| 31-12-2015 | 31-07-2016 | 26-09-2016 | 57 d late | 2016-61700420 |
| 31-12-2014 | 31-07-2015 | 25-09-2015 | 56 d late | 2015-60200241 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsRegister: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-75k-6010.9%
Working capital€-4k
Directors1
Annual accounts & ratios
Source: NBB · 2022Annual accounts filed on 15-06-2023 with the NBB · fiscal year 2022 · micro
Sector comparison
Fiscal year 2022 · NACE 46, Wholesale trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 17.9% | 25.2% | |
| Net result | €-75k | €4k | |
| Equity | €16k | €21k | |
| Gross operating margin | €-50k | €18k | |
| Total assets | €89k | €106k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P43
Weakening position over 2020-2022
· n=912-2365
P5
Weakening position over 2020-2022
· n=909-2366
P46
Weakening position over 2020-2022
· n=915-2372
P5
Weakening position over 2020-2022
· n=907-2358
Describes the position versus peers, not a forecast.
€-50k
-
18-22
€-75k
-6010.9%
18-22
€-73k
-
18-22
€89k
-40.6%
18-22
€16k
-82.4%
18-22
€-4k
-
18-22
€23k
-19.3%
18-22
€73k
+23.5%
18-22
€73k
+23.5%
18-22
0.94
-62.8%
18-22
0.94
-62.8%
18-22
17.9%
-70.4%
18-22
4.58
+602.8%
18-22
-469.0%
-34672.1%
18-22
-84.1%
-10193.1%
18-22
-261.08
-
18-22
Figures by fiscal year
| Fiscal year | 2022 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €-50k |
| Net profit | €-75k |
| Cash flow | €-73k |
| Staff costs | - |
| Income taxes | €23k |
| Dividends | - |
| Total assets | €89k |
| Equity | €16k |
| Debt | €73k |
| of which ≤ 1y | €73k |
| of which > 1y | - |
| Working capital | €-4k |
| Employees (FTE) | - |
Ratios (computed)
| 2022 | |
|---|---|
| Current ratio | 0.94 |
| Quick ratio | 0.94 |
| Working capital ratio | -4.7% |
| Solvency | 17.9% |
| Debt / equity | 4.58 |
| Long-term debt ratio | - |
| Interest coverage | -261.08 |
| Gross margin | - |
| Net margin | - |
| ROA | -84.1% |
| ROE | -469.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2022 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €89k |
| Fixed assets | 21/28 | €20k |
| Tangible fixed assets | 22/27 | €20k |
| Current assets | 29/58 | €69k |
| Amounts receivable within one year | 40/41 | €67k |
| Cash & bank | 54/58 | €1k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €89k |
| Equity | 10/15 | €16k |
| Contributions / capital | 10/11 | €6k |
| Reserves | 13 | €2k |
| Accumulated profits (losses) | 14 | €8k |
| Amounts payable | 17/49 | €73k |
| Amounts payable within one year | 42/48 | €73k |
| Trade debts payable within one year | 44 | €22k |
| Income statement | ||
| Gross operating margin | 9900 | €-50k |
| Operating result | 9901 | €-52k |
| Financial charges | 65 | €192 |
| Result before taxes | 9903 | €-52k |
| Income taxes | 67/77 | €23k |
| Net result for the period | 9904 | €-75k |
| Result to be appropriated | 9905 | €-75k |
You are seeing the latest fiscal year only. 4 prior years (figures + ratios) are in a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2022 · computed0
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Directors
Directors & mandates
Not yet read from the acts
7 acts for this company are in the Belgian State Gazette, of which we have read 0. This is therefore not a statement about the company: we have not extracted its directors from those acts yet.
Insolvency mandates
1 mandate| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | ALAIN G. VANDAMME BOULEVARD BRAND WHIT-
LOCK 106, 1200 WOLUWE-SAINT-LAMBERT- alain.vandamme@law-
vovan.be |
28-06-2024 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Handelsbemiddeling in de niet-gespecialiseerde groothandel(46190) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 20-12-2004 |
| Status | Active |
| Postal code | 1000 |
| First BS signal | 10-07-2024 |
| Latest BS signal | 10-07-2024 |
Structure & network
Ownership & control
No ownership or control structure found in the sources.
For this we read shareholding and parent/subsidiary relations from the acts in the Belgian State Gazette, plus the board seats that legal entities hold in one another. Nothing of the sort is published for this company, which is common: most Belgian companies do not publish a shareholding structure.
1 court or liquidation mandate is on record for this company. Such a mandate is a fact about the company itself, not about a tie to another one: two bankruptcies handled by the same receiver are two separate cases. They are listed under Directors & mandates.
Locations & real estate
Registered office
from the Crossroads BankCannot 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.
Drukpersstraat 11 Et 011000 BrusselParcels1
Ground area1,823 m²
Buildings1
Building footprint197 m²
Volume (LiDAR)3,560 m³
Tallest building21.8 m · ±6 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels 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.
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. |
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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Publications
Lifecycle & Insolvency Signals
1 event from the State Gazette10-07-2024
Bankruptcy
Opening
Time machine: BS events + macro context
2021-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad · acts
1 acts Address history · 1
21-02-2022
Registered-office move
All acts · 1
updated 4 years ago
2022
21-02-2022 Registered office moved to BRUXELLES
- 1000 BRUXELLES, RUE DE LA PRESSE 11/ET 01
Analysis
Snowflake analysis
financial profile on 5 axes15
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
0
Solvency
22
Growth
52
Stability
0
Credit advice
verdict per customer and amountSimilar
Similar companies
Comparable size, same sectorBE 0752.619.139 · Etterbeek
BE 0542.804.377 · Ukkel
BE 0805.510.764 · Anderlecht
BE 0798.754.220 · Sint-Pieters-Leeuw
BE 0765.978.118 · Antwerpen
We hold annual accounts for 642 of the 6,186 companies in this sector. 483 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Handelsbemiddeling in goederen, algemeen assortiment46190Handelsbemiddeling in de niet-gespecialiseerde groothandel46190Handelsbemiddeling in goederen, algemeen assortiment51190Handel in eigen onroerend goed68100Handel in eigen onroerend goed68110Handel in onroerend goed70120
Primary activity highlighted.
Names & trade names
| Legal nameFR | CYCLIC |
Registered office
Drukpersstraat 11 Et 01
1000 Brussel, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.