Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
97 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
CIRFS: EUROPEAN MAN-MADE FIBRES ASSOCIATION from Etterbeek, company number BE0451888158, closed financial year 2025 with a result of € -78,018 after tax. For that financial year CIRFS: EUROPEAN MAN-MADE FIBRES ASSOCIATION recorded a gross margin of € 567,722 and equity of € 756,785. Compared with financial year 2024, the result moved from € -320,866 to € -78,018. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 2, 2026.
€ 756,785
▼ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -78,018
▲ 76 % less loss than in 2024
Profit after tax over the fiscal year.
€ 123,215
▼ 19% vs 2024
Cash and bank balances on the last day of the fiscal year.
People and assets in 2025
€ 719,215
▼ 26% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 12,564
▲ 275% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 150,000
Loans from banks and other lenders, long and short.
€ 19,141
▼ 81% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 70,193
▲ € 69,209 vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 720,860 | € 619,704 | € 807,088 | € 567,722 | ▼ 30% |
| Profit after taxes | € -244,270 | € -99,995 | € -320,866 | € -78,018 | ▲ € 242,848 |
| Equity | € 1,255,664 | € 1,155,669 | € 834,803 | € 756,785 | ▼ 9% |
| Total debts | € 47,224 | € 111,048 | € 102,714 | € 246,834 | ▲ 140% |
| Cash | € 136,062 | € 204,181 | € 151,473 | € 123,215 | ▼ 19% |
| Retained profit | € -1,048,012 | € -1,148,008 | € -1,468,873 | € 756,785 | ▲ € 2.2 million |
| Bank debt | € 0 | € 0 | € 0 | € 150,000 | |
| Balance sheet total | € 1,302,888 | € 1,266,717 | € 1,086,857 | € 1,069,246 | ▼ 2% |
Key figures of CIRFS: EUROPEAN MAN-MADE FIBRES ASSOCIATION, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to CIRFS: EUROPEAN MAN-MADE FIBRES ASSOCIATION?
What happened at CIRFS: EUROPEAN MAN-MADE FIBRES ASSOCIATION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 78,018. Source: NBB ↗
- Udo Kuhllmann became a director. NBB
- Bernardo Staiano became a director. NBB
- Amaury Duhem became a director. NBB
- Dogan Sevim became a director. NBB
- Rohit Aggarwal became a director. NBB
- Klaus Holz became a director. NBB
- Till Boldt became a director. NBB
In short
From € 244,270 loss in 2022 to € 78,018 loss in 2025.
Paid € 1,064 in corporate taxes since 2022.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind CIRFS: EUROPEAN MAN-MADE FIBRES ASSOCIATION are Stefano Loro, Bernardo Staiano, Klaus Holz, Rohit Aggarwal, Necat Altin and Udo Kuhllmann.
Directors
According to the 2025 annual accounts
Stefano Loro
Director
since 2021
Bernardo Staiano
Director
since 2025
Klaus Holz
Vice-chairman of the board
since 2023
Rohit Aggarwal
Director
since 2024
Necat Altin
Director
since 2015
Udo Kuhllmann
Director
since 2025
Amaury Duhem
Director
since 2025
Dogan Sevim
Director
since 2025
Till Boldt
Administrateur / Trésorier
since 2023
Ersan Ozsoy
Director
since 2021
Arnaud Closson
Chairman of the board
since 2017
Establishments
Establishment units
Physical locations of this company
Belliardstraat 40
1040 Etterbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 97 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0451.888.158
- VAT number
- BE 0451.888.158
- Registered office
- Belliardstraat 40, 1040 Etterbeek
- Names & denominations
- CIRFS: EUROPEAN MAN-MADE FIBRES ASSOCIATION · CIRFS
- Enterprise type
- Rechtspersoon
- Legal form
- International non-profit association
- Legal situation
- Normale toestand
- Start date
- 13 January 1994
- Peppol
- Active · Active since 12 Nov 2025
- Contact
- [email protected] 32 2 880 52 91
- Activities · NACE
Activiteiten van bedrijfs- en werkgeversorganisaties
Bedrijfs- en werkgeversorganisaties
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
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