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CIRRIC Properties

Active
Private limited company·Ontwikkeling van residentiële bouwprojecten· 3 yrs active
Engerstraat 87 ·3071 Kortenberg, Belgium
KBO/BCE: BE 0802.515.840
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Age3 yrs
Real estate1 parcel · 649 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of CIRRIC Properties is 1.1% (low). The 2024 annual accounts show equity of €437 and a net result of €-21k. Its solvency ranks better than 27% of 4950 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
1.1% Low
0%0,5%1,5%4%10%≥25%
Young company +Lower-failure-rate sector −Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Filing behaviour

From the deposit records, complete market-wide
Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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.
How we compute the deadline
There is a single filed set of accounts, closing on 31-12. That date is certain, but one observation does not establish the rhythm (a first financial year may run longer than twelve months), so we project no following year. 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 31-12-2024, that is 31-07-2025.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2024 31-07-2025 29-08-2025 29 d late 2025-00433011

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 signals
More than 3 years active
Founded in 2023, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No administrative flags

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-21k
Working capital€281

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 29-08-2025 with the NBB · fiscal year 2024 · micro
Sector comparison
Fiscal year 2024 · NACE 68, Real estate activities · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 0.0% 16.7%
better than 27% of 4950 sector peers
Net result €-21k €2k
better than 19% of 4942 sector peers
Equity €437 €27k
better than 27% of 4953 sector peers
Gross operating margin €-19k €27k
better than 6% of 4936 sector peers
Total assets €1.03M €302k
better than 81% of 4952 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Fiscal year2024
Depositmicro
Revenue-
EBITDA€-20k
Net profit€-21k
Cash flow€-20k
Staff costs-
Income taxes-
Dividends-
Total assets€1.03M
Equity€437
Debt€1.03M
of which ≤ 1y€1.03M
of which > 1y-
Working capital€281
Employees (FTE)-
Ratios (computed)
2024
Current ratio1.00
Quick ratio0.28
Working capital ratio0.0%
Solvency0.0%
Debt / equity2364.49
Long-term debt ratio-
Interest coverage-36.56
Gross margin-
Net margin-
ROA-2.0%
ROE-4700.3%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€1.03M
Formation expenses 20€156
Current assets 29/58€1.03M
Stocks & contracts in progress 3€744k
Amounts receivable within one year 40/41€180k
Cash & bank 54/58€111k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.03M
Equity 10/15€437
Contributions / capital 10/11€21k
Accumulated profits (losses) 14€-21k
Amounts payable 17/49€1.03M
Amounts payable within one year 42/48€1.03M
Trade debts payable within one year 44€1k
Income statement
Gross operating margin 9900€-19k
Operating result 9901€-20k
Financial income 75€0
Financial charges 65€546
Result before taxes 9903€-21k
Net result for the period 9904€-21k
Result to be appropriated 9905€-21k
Ratios computed by Checked.

Health barometer

FY 2024 · computed
20 / 100 Critical
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

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Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Establishment units

1 location
Cirric Properties
Engerstraat 87, 3071 KortenbergOntwikkeling van residentiële bouwprojecten
since 20232.346.135.733
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area649 m²
Buildings1
Building footprint322 m²
Volume (LiDAR)3,148 m³
Tallest building15.5 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels 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.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24025G0101/00C000
ProtectedTownscape or village viewEnsemble van eclectische villa'sSource ↗
 Flanders 649 m² 1 · 322 m² 15.5 m · 3 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

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source and are complete.

Analysis

Snowflake analysis

financial profile on 5 axes
Health20Profitability0Solvency11Growth-Stability79
28 / 100

Fragile profile, watch profitability in particular.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 20
Profitability 0
Solvency 11
Growth -
Stability 79

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Credit advice

verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

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Company registry

Company registry (CBE)

Crossroads Bank
Activities
Ontwikkeling van residentiële bouwprojecten41101Ontwikkeling van residentiële bouwprojecten68121Algemene bouw van residentiële gebouwen41001Algemene bouw van residentiële gebouwen41201
Primary activity highlighted.
Names & trade names
Legal nameNL CIRRIC Properties
Registered office
Engerstraat 87
3071 Kortenberg, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.