Active BE 0867.565.030Private limited company (pre-2019)Open bankruptcy

LE BIER CIRCUS

Onderrichtsstraat 57 ·1000 Brussel, Belgium· 21 yrs active

Sector: Full-service restaurants (56111)

Conclusion Checked

A bankruptcy procedure is open for LE BIER CIRCUS according to publications in the Belgian State Gazette. The 2024 annual accounts show negative equity (€-92k) and a net result of €-25k.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€-92k
Net result	€-25k
Better than sector	8%
Active	21 yrs

Financial profile 5 of 5 axes measured · computed by Checked

38 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 100

Solvency 33

Growth 58

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

Trust signals 2 signals

Register: 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 Flags0 events

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.

Checked score FY 2024 · computed

0 / 100 Critical

050100

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.

Indicative credit limit

No credit

open bankruptcy

Score history

10 2022

28 2023

7 2024

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 0.08 (< 1.0) -10

Quick ratio Quick ratio 0.07 (< 0.6) -5

Equity Negative equity -25

Profitability ROE 27% (≥ 10%) +10

Interest coverage Interest coverage -10.5× (< 1.5×) -10

Profit trend Net profit down YoY -3

Bankruptcy Open bankruptcy -60

Computed by Checked from the NBB filing for FY 2024 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview20 NBB filings

Annual accounts filed on 26-08-2025 with the NBB · fiscal year 2024 · micro schema

RevenueOperating resultNet result

Sector comparison

Fiscal year 2024 · NACE 56, Food and beverage service activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-135.1%	19.3%	better than 8% of 5650 sector peers
Net result	€-25k	€4k	better than 11% of 5638 sector peers
Equity	€-92k	€14k	better than 5% of 5662 sector peers
Gross operating margin	€-11k	€52k	better than 5% of 5624 sector peers
Staff costs	€874	€49k	higher than 6% of 4088 sector peers

Revenue

€85k

- 22-24

EBITDA

€-14k

- 22-24

Net profit

€-25k

-578.3% 22-24

Cash flow

€-15k

- 22-24

Total assets

€68k

-29.7% 22-24

Equity

€-92k

-36.5% 22-24

Working capital

€-144k

-25.2% 22-24

Employees (FTE)

1

- 22-24

Staff costs

€874

-28.0% 22-24

Debt

€160k

-2.5% 22-24

Debt ≤ 1y

€157k

+6.5% 22-24

Debt > 1y

€3k

-82.7% 22-24

Current ratio

0.08

-62.3% 22-24

Quick ratio

0.07

-64.8% 22-24

Solvency

-135.1%

-94.1% 22-24

Debt / equity

-1.74

+28.6% 22-24

ROE

26.7%

+397.1% 22-24

ROA

-36.1%

-864.6% 22-24

Net margin

-4.2%

- 22-24

EBITDA margin

7.5%

- 22-24

Interest coverage

-10.55

- 22-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023	2022
Deposit	micro schema	micro schema	micro schema
Revenue	-	€85k	-
EBITDA	€-14k	€6k	€-16k
Net profit	€-25k	€-4k	€-28k
Cash flow	€-15k	€6k	€-18k
Staff costs	€874	€1k	€11k
Income taxes	-	-	-
Dividends	-	-	-
Total assets	€68k	€97k	€108k
Equity	€-92k	€-67k	€-64k
Debt	€160k	€164k	€171k
of which ≤ 1y	€157k	€147k	€139k
of which > 1y	€3k	€17k	€32k
Working capital	€-144k	€-115k	€-113k
Employees (FTE)	-	-	1.0

Ratios (computed)

	2024	2023	2022
Current ratio	0.08	0.22	0.19
Quick ratio	0.07	0.20	0.17
Working capital ratio	-211.8%	-118.9%	-105.0%
Solvency	-135.1%	-69.6%	-59.2%
Debt / equity	-1.74	-2.44	-2.69
Long-term debt ratio	-0.03	-0.25	-0.50
Interest coverage	-10.55	8.90	-8.54
Gross margin	-	-	-
Net margin	-	-4.2%	-
ROA	-36.1%	-3.7%	-25.7%
ROE	26.7%	5.4%	43.4%
EBITDA margin	-	7.5%	-
Days sales outstanding	-	1d	-
Days payable outstanding	-	-	-
Inventory turnover	-	-	-
Days inventory (DSI)	-	-	-

Balance-sheet composition 2024

Assets

Fixed assets €55k · 80.9% Current assets €13k · 19.1%

Full annual accounts (26 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€68k	€97k	€108k
Fixed assets	21/28	€55k	€64k	€81k
Formation expenses	20	-	€0	-
Tangible fixed assets	22/27	€53k	€62k	€72k
Financial fixed assets	28	€2k	€2k	€10k
Current assets	29/58	€13k	€32k	€26k
Stocks & contracts in progress	3	€2k	€2k	€2k
Amounts receivable within one year	40/41	€0	€235	€914
Cash & bank	54/58	€8k	€27k	€20k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€68k	€97k	€108k
Equity	10/15	€-92k	€-67k	€-64k
Contributions / capital	10/11	€19k	€19k	€19k
Reserves	13	€2k	€2k	€2k
Accumulated profits (losses)	14	€-112k	€-88k	€-84k
Amounts payable	17/49	€160k	€164k	€171k
Amounts payable after one year	17	€3k	€17k	€32k
Amounts payable within one year	42/48	€157k	€147k	€139k
Trade debts payable within one year	44	€70k	€34k	€41k
Income statement
Turnover	70	-	€85k	-
Gross operating margin	9900	€-11k	€8k	€13k
Operating result	9901	€-23k	€-3k	€-26k
Financial income	75	€3	€1	€0
Financial charges	65	€1k	€721	€2k
Result before taxes	9903	€-25k	€-4k	€-28k
Net result for the period	9904	€-25k	€-4k	€-28k
Result to be appropriated	9905	€-25k	€-4k	€-28k

Directors & mandates1 person

Role	Name	Tenure
Curator	POL MASSART RUE DES ALLIéS 22 BP.0, 1190 FOREST-	12-08-2026 → present

Legal Structure

NACE primary	Full-service restaurants(56111)
Legal form	Private limited company (pre-2019)(015)
Incorporation	01-10-2004
Status	Active
Postal code	1000
First insolvency signal	27-08-2026
Latest insolvency signal	27-08-2026

Establishment units 1 location

LE BIER CIRCUS

Onderrichtsstraat 57, 1000 BrusselNACE 5530105

since 20042.142.373.573

Real-estate footprint Source: CBE × cadastre

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21803C0173/00S003	Brussels	193 m²	1 · 184 m²	21.3 m · 6 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

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

Updates 11 events

All 11Signals 1Filings 10

2026

27-08

Bankruptcy Opening

Tribunal de l’entreprise francophone de Bruxelles · SRL LE BIER CIRCUS RUE DE L’ENSEIGNEMENT 57, 1000 BRUXELLES · event 12-08-2026

2025

26-08