Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
CIRBRUX from Namur, company number BE0737502678, closed financial year 2025 with a result of € -5,361 after tax. For that financial year CIRBRUX recorded a gross margin of € 72,268 and equity of € -125,545. Compared with financial year 2024, the result moved from € 13,045 to € -5,361. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 24, 2026.
€ -125,545
▼ € 5,361 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -5,361
▼ still € 13,045 profit in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -175,545.
Debts at end 2025
€ 965,215
▼ 8% vs 2024
€ 84,538 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 16,703
▲ 151% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 217
▼ 6% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 56,120 | € 58,365 | € 92,397 | € 72,268 | ▼ 22% |
| Profit after taxes | € -25,149 | € -25,906 | € 13,045 | € -5,361 | ▼ € 18,406 |
| Equity | € -107,323 | € -133,229 | € -120,184 | € -125,545 | ▼ € 5,361 |
| Total debts | € 1,510,563 | € 1,477,891 | € 1,396,046 | € 1,341,869 | ▼ 4% |
| Cash | - | € 3,759 | - | - | |
| Land & buildings | € 1,362,320 | € 1,311,543 | € 1,260,765 | € 1,210,760 | ▼ 4% |
| Retained profit | € -157,323 | € -183,229 | € -170,184 | € -175,545 | ▼ € 5,361 |
| Bank debt | € 1,209,510 | € 1,127,125 | € 1,047,043 | € 965,215 | ▼ 8% |
| Balance sheet total | € 1,403,240 | € 1,344,663 | € 1,275,862 | € 1,216,324 | ▼ 5% |
Key figures of CIRBRUX, 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 CIRBRUX?
What happened at CIRBRUX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 5,361 (▼ € 18,406 vs 2024). filed late Source: NBB ↗
- New establishment in Namur. KBO
- Start of the company according to the CBE. KBO
In short
From € 25,149 loss in 2022 to € 5,361 loss in 2025.
Best year ever: 2024, with € 13,045 profit.
Management
Behind CIRBRUX are FRANCOIS DELPIRE - CRETS and Frédéric MASSART. The same people are also behind DCVL. Frédéric MASSART is also behind BRASSERIE FRANCOIS and BRUXELLES 13.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Place Saint-Aubain 3
5000 Namur
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
CBLUE-AS, BE
Website info
Features
Security
Details
- Company number
- 0737.502.678
- VAT number
- BE 0737.502.678
- Registered office
- Place Saint-Aubain 3, 5000 Namur
- Names & denominations
- CIRBRUX
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 November 2019
- Peppol
- Active · Active since 3 Dec 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Gites, vakantiewoningen en -appartementen