OPENING OF BANKRUPTCY

AEROCIRCULAR

Financial year 2019 · closed on 31/12/2019
Net result
-299,7 k €
+17.8% YoY
Gross margin
294,7 k €
+212.3% YoY
Equity
-731 k €
-58.6% YoY
Workforce
2,5 ETP
+25.0% YoY

Company — Opening of bankruptcy.

What does AEROCIRCULAR do?

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
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

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
Governance

Board of directors

Seen on filing of 31/12/2019 · 5 active · 1 ended

Active mandates

FINSERVE IMMORENT

Director · since 04 juillet 2019 · until 10 juin 2022 · 0449.063.082

Active
M. DUBOURG

Director · since 04 juillet 2019 · until 10 juin 2022 · 0465.172.408

Active
Jeroen Depraetere

Director · since 13 octobre 2016 · until 13 octobre 2022

Active
Piet Verbrugge

Director · since 16 août 2016 · until 16 août 2022

Active
S&D International BO

Director · since 16 août 2016 · until 16 août 2022

Represented by Koen Staut

Active

Ended mandates

Willy Buyse

Director · since 16 août 2016 · until 13 octobre 2016

Ended
At this address

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Annual accounts

Full financial information

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
Ratios

Financial ratios

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Filings

Annual accounts filings

4 filings with the NBB

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
Estimate

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.

Discover the Business plan
Disclaimer

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

Governance

Board of directors

Seen on filing of 31/12/2019 · 5 active · 1 ended

Active mandates

FINSERVE IMMORENT

Director · since 04 juillet 2019 · until 10 juin 2022 · 0449.063.082

Active
M. DUBOURG

Director · since 04 juillet 2019 · until 10 juin 2022 · 0465.172.408

Active
Jeroen Depraetere

Director · since 13 octobre 2016 · until 13 octobre 2022

Active
Piet Verbrugge

Director · since 16 août 2016 · until 16 août 2022

Active
S&D International BO

Director · since 16 août 2016 · until 16 août 2022

Represented by Koen Staut

Active

Ended mandates

Willy Buyse

Director · since 16 août 2016 · until 13 octobre 2016

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates12/04/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/02/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/02/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other18/08/2016
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

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Timeline

  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