OPENING OF BANKRUPTCY

AEROCIRCULAR

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Company — Opening of bankruptcy.

Financial year 2019 · Closed on 31/12/2019

Net result-299,7 k €+17,8 %over 1 year
Gross margin294,7 k €+212,3 %over 1 year
Equity-731 k €-58,6 %over 1 year
Workforce2,5 ETP+25,0 %over 1 year

Identity

Source · BCE/KBO

AEROCIRCULAR is a Public limited company incorporated in 2016. Its main activity is: Service activities incidental to air transportation. Its registered office is in Oostende. It employs on average 2,5 ETP workers (FTE).

Legal situation
Opening of bankruptcy
BCE/KBO no. / VAT
BE 0660.934.640
Incorporation
16/08/2016
Legal form
Public limited company
Registered office
Nieuwpoortsesteenweg 887 box 40
8400 Oostende · FlandreSee on map
Latest accounts
31/12/2019
Average workforce
2,5 ETP
Joint committees (2)
  • 142
  • 200
Signals
Positive cashflowPositive EBITDA

Financials

Source · NBB, 4 filings

Trend over 3 financial years

201920182017
Income statement
Gross margin294,7 k €94,4 k €59,5 k €
EBITDA104,6 k €-67,6 k €-4,4 k €
Operating result-206 k €-322,7 k €-146,7 k €
Net result-299,7 k €-364,6 k €-162,7 k €
Balance sheet
Equity-731 k €-460,8 k €-96,2 k €
Total assets1,5 M €1,1 M €998,1 k €
Cash1,4 k €30,1 k €7,8 k €
Debts2,2 M €1,5 M €1,1 M €
Other
Workforce2,5 ETP2,0 ETP0,9 ETP

Board of directors

Source · NBB, accounts to 31/12/2019

5 active · 1 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
FINSERVE IMMORENT0449.063.082
Director04/07/2019 → 10/06/2022
M. DUBOURG0465.172.408
Director04/07/2019 → 10/06/2022
Jeroen Depraetere
Director13/10/2016 → 13/10/2022
Piet Verbrugge
Director16/08/2016 → 16/08/2022
S&D International BORepresented by Koen Staut
Director16/08/2016 → 16/08/2022

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Willy Buyse
Director16/08/2016 → 13/10/2016

Other companies at this address

Nieuwpoortsesteenweg 887 8400 Oostende
CompanyCBE no.
ADOCA● Active
0476.470.532
AEROCIRCULAR OSTEND● Bankrupt
0747.857.528
BELAIR● Active
0440.240.042
EASP AIR BELGIUM● Active
1033.864.897
FLANDERS CARGO ALLIANCE● Active
0899.188.515
GROW BENELUX● Active
0459.936.782
Industrial Circularity Lab● Bankrupt
0755.585.656
LEM OOSTENDE - BRUGGE● Active
0536.614.688
NORTH SEA AVIATION CENTER● Active
0544.654.901
REGIONAAL PLATFORM LUCHTHAVEN OOSTENDE● Active
0475.173.997
Strike BE● Active
0761.554.324

Full financial information

Source · NBB
201920182017
Type of accountAbridged modelAbridged modelAbridged model
Start of the financial year01/01/201901/01/201816/08/2016
Closing of the financial year31/12/201931/12/201831/12/2017
Length of the financial year12 months12 months17 months
Filing date09/07/202013/08/201913/08/2019
General meeting12/06/202004/07/201908/06/2018
Currency of the financial yearEUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 4 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/201912/06/202009/07/2020DutchPDF
Abridged model31/12/201804/07/201913/08/2019DutchPDF
Abridged modelCorrection31/12/201708/06/201813/08/2019DutchPDF
Abridged model31/12/201708/06/201806/07/2018DutchPDF

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

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Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2019

5 active · 1 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
FINSERVE IMMORENT0449.063.082
Director04/07/2019 → 10/06/2022
M. DUBOURG0465.172.408
Director04/07/2019 → 10/06/2022
Jeroen Depraetere
Director13/10/2016 → 13/10/2022
Piet Verbrugge
Director16/08/2016 → 16/08/2022
S&D International BORepresented by Koen Staut
Director16/08/2016 → 16/08/2022

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Willy Buyse
Director16/08/2016 → 13/10/2016

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates12/04/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/02/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/02/2017
    ontslag en benoeming bestuurders
    PDF
  • Other18/08/2016
    Er blijkt uit een akte verleden voor Notaris François Blontrock te Brugge op 12 augustus 2016, te
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

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Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings3 filings
Mandates
FINSERVE IMMORENT
M. DUBOURG
Jeroen Depraetere
S&D International BO
Piet Verbrugge
Willy Buyse
20162017201820192020202120222023202420252026
AEROCIRCULAR
No data
Director
Director
Director
Director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Nieuwpoortsesteenweg 887 bte 40, 8400 OostendeCurrent
CBE

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
AEROCIRCULARCurrent
accounts 2017 → 2019
Accounts 2019 · 2020-28000381

Events

  1. 2019
    Annual accounts 2019-299,7 k €↑
  2. 2018
    Annual accounts 2018-364,6 k €↓
  3. 2017
    Annual accounts 2017-162,7 k €
  4. 16/08/2016
    IncorporationPublic limited company