Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 2 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 17 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
10 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
CIRRIC Properties from Kortenberg, company number BE0802515840, closed financial year 2025 with a result of € -43,043 after tax. For that financial year CIRRIC Properties recorded a gross margin of € -32,420 and equity of € -42,605. Compared with financial year 2024, the result moved from € -20,563 to € -43,043. 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 June 26, 2026.
€ -42,605
▼ € 43,043 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -43,043
▼ 109 % more loss than in 2024
Profit after tax over the fiscal year.
€ 6,624
▼ 94% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -63,605.
Debts at end 2025
€ 400,000
Loans from banks and other lenders, long and short.
€ 22,927
▲ € 21,774 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,589
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € -19,362 | € -32,420 | ▼ € 13,058 |
| Profit after taxes | € -20,563 | € -43,043 | ▼ € 22,480 |
| Equity | € 437 | € -42,605 | ▼ € 43,043 |
| Total debts | € 1,034,393 | € 1,075,756 | ▲ 4% |
| Cash | € 110,618 | € 6,624 | ▼ 94% |
| Retained profit | € -20,563 | € -63,605 | ▼ € 43,043 |
| Bank debt | € 400,000 | € 400,000 | |
| Balance sheet total | € 1,034,831 | € 1,033,151 |
By gross margin, CIRRIC Properties ranks 9th of 9 companies with main activity “Ontwikkeling van residentiële bouwprojecten” in Kortenberg that publish figures (fiscal year 2025).
Key figures of CIRRIC Properties, fiscal years 2024 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
Ask about CIRRIC Properties the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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What happened to CIRRIC Properties?
What happened at CIRRIC Properties in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 43,043. Source: NBB ↗
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Kortenberg. KBO
In short
From € 20,563 loss in 2024 to € 43,043 loss in 2025.
Management
Behind CIRRIC Properties are Erik Franchitti and Kirill Dragun. Erik Franchitti is also behind CASTLE CLASSIC & SPORTS CARS, KURIK, AEF Construct, MAKIAM and ESP INVEST.
Directors
According to the 2025 annual accounts
Erik Franchitti
Director
Also active at: CASTLE CLASSIC & SPORTS CARS, KURIK, AEF Construct, MAKIAM, ESP INVEST, ESVC Technics
Kirill Dragun
Director
Establishments
Establishment units
Physical locations of this company
Engerstraat 87
3071 Kortenberg
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 10 companies are registered at this address.
All companies at this address →CASTLE CLASSIC & SPORTS CARS same network
€ -31,569 gross margin · 2025
HetKan
€ 18,604 gross margin · 2025
KURIK same network
€ 212,130 gross margin · 2025
Touring Car 15
Kale Management
€ 167,372 gross margin · 2025
+5 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
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Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- Franchitti Erik(oprichter en vennoot) 50%
- Dragun Kirill(oprichter en vennoot) 50%
Details
- Company number
- 0802.515.840
- VAT number
- BE 0802.515.840
- Registered office
- Engerstraat 87, 3071 Kortenberg
- Names & denominations
- CIRRIC Properties
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 June 2023
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
Algemene bouw van residentiële gebouwen