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Accirculate

Active Private limited companyfounded 2019active for 7 yearsde Hinnisdaellaan 14B, 1150 Woluwe-Saint-PierreKBO/BCE: BE 0719.715.848
Accirculate
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Overview

Lifetime

7 annual accounts with figures on one time axis
peak €10,079 (2019)
-€3,503▼ €4,862
lowest -€6,792 (2021)
-€4,767▼ €5,075
peak €13,998 (2020)
€6,501▼ 42.3%
€17,789▲ 18×
Board1 name since 2019
1 director
Documentsfilings and deeds
28-08-202628 days late
2025micro format
Gross margin from €1,359 to -€3,503Loss of €4,767Equity from €11,268 to €6,501Debts from €965 to €17,789Cash from €3,746 to €1,181

Key points

from the 2025 annual accounts

Debts

€17,789 73% of the balance sheet

Investments

€3,000 6.4 × depreciation

Green is investment, beige is depreciation.

Liquidity

1.22 was 12.67 in 2024

Short-term debts rose from €965 to €17,789.

Filings

7 annual accounts 6 late
AprilJune31 JulyOctober202020222024

The 2021 accounts came latest: 74 days after the end of the period.

Position in the sector

-€4,767

Lower net result than 85% of companies in head offices and management consultancy. Sector median €26,440 · 41,264 companies.

Turnover not published (micro format)

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 1,134 companies had the same profile as Accirculate has now. Each dot stands for 3 companies, two years later.

86.3%
were still trading
6.6%
stopped another way
6.4%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency 10 to 30%
  • a loss of 10% of the balance sheet or more

Another 0.6% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 2.9% 3.1%
10 5.6% 6.1%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 1,134 companies, not a prediction for Accirculate. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Director
  • 100 sharesdeed of 04-02-2019
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0719715848
Appointment: (director) “Fournir des services de conseil aux entreprises ou aux organisations publiques dans le domaine de l'économie…” (deed in French) · General meeting of 08-12-2023 · Gazette deed
Incorporation Founding capital of €18,600, 100 shares, €12,400 paid up · Founder: · Appointment: (manager) · published on 04-02-2019 · Gazette deed
First establishment de Hinnisdaellaan 14B/1, Woluwe-Saint-Pierre
All 16 events

Comparable companies

same main activity, similar in size and age
Company
Accirculate Woluwe-Saint-Pierre €24,291 -€3,503 26.8% -
G-NOVUM Woluwe-Saint-Pierre €29,043 -€1,209 83.8% -
POSITIVE MANAGEMENT Forest €25,271 €729 -147.9% -
RBML GREEN RENOVATION Etterbeek €22,156 -€351 99.3% -
AP Consult Schaerbeek €22,229 -€1,817 -23.5% -
ConnaisSens Ixelles €24,667 -€3,133 94.1% -
StrategyCo Consultancy Brussels €27,284 -€15,569 22.5% -

These companies have the same main activity as Accirculate: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €22,200 and €29,000, founded between 2018 and 2019.

Official details

Source: KBO
Status
Active since 01-02-2019Normal situation
Activity
Business and other management consultancyNACE 70200
Establishment unit
2.287.761.7271150 Woluwe-Saint-Pierre, since 01-02-2019
Financial year end
31 December
Peppol
Reachable since 24-11-2025
Company details

Annual accounts 2025

-€3,503
€4,767
€6,501▼ 42.3%
€24,291▲ 98.6%
Filing
Filed on 28-08-2026
Financials

Insights on Accirculate

Accirculate files the micro format. That format states no turnover. The gross margin fell from €10,079 in 2019 to -€3,503 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 28-08-2026, 28 days late
-€3,503
▼ €4,862
-€4,467
▼ €5,076
-€4,767
▼ €5,075
€3,970
▼ 64.8%
26.8%
▼ 65.3 percentage points
1.22
▼ 11.45

Turnover and EBIT margin are not published. The micro format does not require them.

Balance sheet

balance sheet total €24,291 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

26.8%

Higher than 28% of 41,246 companies in 2025.

1.22

Higher than 32% of 39,815 companies in 2025.

-19.6%

Higher than 7% of 40,336 companies in 2025.

Accirculate Middle half of the sector 80% of the sector Micro accounts in head offices and management consultancy (NACE 70)

Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019
Balance sheet: assets
20/58 24,29112,23314,06724,49328,04829,70517,281
21/28 2,532-3631,1652,73911,18915,625
21 2,532-3637251,0881,450-
22/27 ---4401,6529,73915,625
23 ---4401,0271,614-
24 ----6258,12515,625
29/58 21,75912,23313,70523,32825,30918,5161,656
40/41 13,9897,99412,273-67043271
40 13,4007,50011,197----
41 5894941,076-67043271
54/58 1,1813,7469623284672,956325
490/1 6,59049347023,00024,17215,5171,060
Balance sheet: equity and liabilities
10/49 24,29112,23314,06724,49328,04829,70517,281
10/15 6,50111,26810,9608,4057,20613,99812,673
10/11 12,40012,40012,40012,40012,40012,40012,400
100 ------18,600
101 ------6,200
13 -----1,598273
133 -----1,598273
14 -5,899-1,132-1,440-3,995-5,194--
17/49 17,7899653,10716,08820,84215,7064,608
42/48 17,78996565716,08820,84215,7064,608
44 6182524221,498-3431,721
440/4 6182524221,498-3431,721
45 --1952,1941,1502,001961
450/3 --1952,1941,1502,001961
47/48 17,1717134112,39619,69213,3631,927
492/3 --2,450----
Income statement
76A ---11,978---
9900 -3,5031,3594,0212,8552,20610,06510,079
630 4683638039498,4497,6476,875
640/8 49638738449644053170
9901 -4,4676102,8341,409-6,6832,3663,034
75/76B ----0--
75 ----0--
65/66B 30030127916-11,800
65 30030127916-11,800
9903 -4,7673082,5551,393-6,6832,3651,234
67/77 ---1951101,040961
9904 -4,7673082,5551,198-6,7921,325273
9905 -4,7673082,5551,198-6,7921,325273
Appropriation of the result
9906 -5,899-1,132-1,440-3,995-6,7921,325273
14P -1,132-1,440-3,995-5,194---
791/2 ----1,598--
691/2 -----1,325273
6921 -----1,325273
Document PDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 28-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 28 days after the deadline. Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00443477.

Financial year Type Filed Reference Document
31-12-2025 micro format 28-08-2026 2026-00443477 PDF
31-12-2024 micro format 22-08-2025 2025-00402800 PDF
31-12-2023 micro format 25-09-2024 2024-00488210 PDF
31-12-2022 micro format 21-08-2023 2023-00336966 PDF
31-12-2021 micro format 13-10-2022 2022-20467081 PDF
31-12-2020 micro format 30-08-2021 2021-59100075 PDF
31-12-2019 micro format 30-07-2020 2020-37000081 PDF

Subsidies and aid

European Union 1 project

Horizon Europe
1×

Projects

  • Business Angels and Crowdinvestors for Startups’ Human CapitalHorizon Europe, associated partner, 01-12-2023 to 30-11-2026, BAC4SHC

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019
-3,9989723,6372,3581,76710,0129,909
-4,2986713,3582,1481,6578,9727,148
3,00000-62503,21022,500
-2,5652,783634-139-2,4892,631-
3,97011,26813,0477,2404,4672,810-2,952
26.8%92.1%77.9%34.3%25.7%47.1%73.3%
1.2212.6720.851.451.211.180.36
2.740.090.281.912.891.120.36
-73.3%2.7%23.3%14.3%-94.3%9.5%2.2%
-19.6%2.5%18.2%4.9%-24.2%4.5%1.6%
-13.333.2313.02over 100---

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Intangible fixed assets€3,000----
€468€363€803€949€8,449

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on Accirculate

The operating result for 2025 is a loss of €4,467, after a profit of €610 in 2024. It is the lowest result since 2021.

Debt's share of the balance-sheet total rises from 7.9% to 73.2%. Equity is lower and debt is higher.

Board & ownership

Board

1 director, no change since 2023
Director
appointed by deed of 04-02-2019 term without a fixed end
listed in the 2025 annual accounts, filed on 28-08-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 18-12-2023

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today

Manager
Board
Mandates as a list
    • Manager, from 01-02-2019 to date

See the board, name and registered office on a given date →

Control

Founder
This company
Accirculate
Equity €6,501
Loss €4,767 in 2025

Capital

Contribution
€12,400
Shares
100
Contribution per share
€124
Equity per share
€65.01 in 2025
Source
deed of 18-12-2023

Articles of association

deed of 18-12-2023 (in French)
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 1 director
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Moitié cédant moitié acquéreurs, commun accord sinon président du tribunal de l'entreprise statuant comme en référé à requête partie plus…”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of May at 20:00

Shareholders

At incorporation deed of 04-02-2019 ↗
  • 100 shares (100%) · €18,600

Capital transactions

Capital over time
  1. 18-12-2023 Converted to unavailable equity · €12,400
  2. 04-02-2019 Incorporation · €18,600 · 100 shares

Network & group

No group

Accirculate has no parent and no holdings in its annual accounts. is the only director. Accirculate shares no director with another company.

At the same address

de Hinnisdaellaan 14B, 1150 Woluwe-Saint-Pierre · 3 other companies
Transsignaal
registered office since 19-12-1977 · founded in 1977
 total assets €489,262 (2025)
0418.208.570
Breton
registered office since 25-09-1985 · founded in 1985
 total assets €423,259 (2025)
0427.876.797
AGC
registered office since 20-10-2020
 founded in 2020
0756.878.132

Timeline

Timeline

16 events since 2019

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 28 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0719715848
Annual accounts 2024 filed PDFmicro format · 22 days late
2024
Annual accounts 2023 filed PDFmicro format · 56 days late
2023
Highest result from 2019 to 2025 net €2,555 ▲113% The net result of €2,555 is the highest of those years.
Liquidity more than 14 times current ratio 20.85 The current ratio rises from 1.45 to 20.85. Short-term debt falls from €16,088 to €657.
Appointment: (director)“Fournir des services de conseil aux entreprises ou aux organisations publiques dans le domaine de l'économie…” (deed in French) · General meeting of 08-12-20234 points ▸
  • General meeting, 08-12-2023
  • Purpose change, “Fournir des services de conseil aux entreprises ou aux organisations publiques dans le domaine de l'économie circulaire,des chaînes d'approvisionnement…” (deed in French)
  • Director appointment,
  • Registered office clause, Avenue de Hinnisdael 14B boite 1, 1150 Woluwe Saint Pierre
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFmicro format · 21 days late
2022
Back to profit net €1,198 The net result is €1,198, after one loss-making year.
Annual accounts 2021 filed PDFmicro format · 74 days late
2021
Weakest financial year net -€6,792 The net result drops to -€6,792, the lowest from 2019 to 2025. It recovers the following year.
Annual accounts 2020 filed PDFmicro format · 30 days late
2020
Liquidity more than triples current ratio 1.18 The current ratio rises from 0.36 to 1.18.
Annual accounts 2019 filed PDFmicro format · 1 day before the deadline
2019
IncorporationFounding capital of €18,600, 100 shares, €12,400 paid up · Founder: · Appointment: (manager) · published on 04-02-20194 points ▸
  • Founder,
  • Founding capital, €18,600, 100 shares
  • holds 100 shares
  • Director appointment, (manager)
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

First establishment de Hinnisdaellaan 14B/1, Woluwe-Saint-Pierre

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 1 February 2019, Accirculate was incorporated by one natural person, with a starting capital of €18,600.12 is director of the company, appointed by deed of 04-02-2019.2 Total assets went from €17,281 in 2019 to €24,291 in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 04-02-2019
  3. 3National Bank, annual accounts 2019 and 2025

Company details

Identity

Enterprise number
0719.715.848
VAT number
BE 0719.715.848
Peppol ID
0208:0719715848
Legal form
Private limited company
Status
Active, normal situation
Founded
01-02-2019
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of May at 20:00
deed of 18-12-2023 (in French)
Peppol
Reachable since 24-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
Accirculate in French
Entity type
Legal entity
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région Bruxelles-Capitale”
deed of 18-12-2023 (in French)

Activities

NACEBEL 2025
70200 Business and other management consultancy main activity
Codes under NACEBEL 2008
70220 Business consulting main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Fournir des services de conseil aux entreprises ou aux organisations publiques dans le domaine de l'économie circulaire,des chaînes…”
29 activities
  1. Fournir des services de conseil aux entreprises ou aux organisations publiques dans le domaine de l'économie circulaire,des chaînes d'approvisionnement circulaires et de la gestion de la chaîne d'approvisionnement et de la gestion de projet
  2. Fournir des services de conseil aux entreprises ou aux organisations publiques dans les domaines de l'économie circulaire,de la chaîne d'approvisionnement circulaire,des modèles commerciaux de nouvelle génération,des technologies numériques et de l'industrie 4.0
  3. Faciliter et établir des relations et des alliances stratégiques entre les entreprises,les institutions et les associations
  4. Importation/exportation de consommables,de nourriture,de boissons,de matériel informatique,de logiciels,de meubles,d'œuvres d'art,mais la description n'est pas exhaustive
  5. Intermédiaire en services de conseil,formation,coaching,solutions et services numériques,mais la description n'est pas exhaustive
  6. Recherche,innovation et commercialisation de produits numériques et de solutions matérielles & fournisseur de services,mais la description n'est pas exhaustive
  7. Fournir du conseil aux entreprises ou organisations publiques dans la domaine du supply chain management
  8. Fournir du conseil aux entreprises ou organisations publiques au niveau du stratégie,la transformation des opération existantes,le développement et mettre en route des standards,le développement et mettre en route des systems de contrôle (certification des systems) et tous les autres point qui sont liées à ce sujet
  9. Devenir acréditeur pour les certifications et les standards
  10. Fournir des formations,des trainings,des cours
  11. Fournir du conseil aux entreprises ou organisation publiques au niveau du next generation business models,digital technologies et industry 4.0
  12. Fournir des conseils aux entreprises ou organisations publiques dans le domaine de l’informatique et des applications logicielles
  13. Fournir des conseils aux entreprises ou organisations publiques dans le domaine de t’ optimisassions des processus d’affaires
  14. Fournir des conseils aux entreprises ou organisations publiques dans le domaine de développement d’organisation et des collaborateurs
  15. Fournir des conseils aux entreprise dans le domaine des appel d’offre
  16. Le développement de logiciels et des applications logicielles,au sens le plus large,pour des entreprises,des institutions bancaires ou des particuliers
  17. Donner des présentations ou de la formation dans le domaine de l’informatique et du développement de logiciels
  18. Prestations de conseil pour les affaires et autres conseil de gestion
  19. Prestations de services et d’administration dans le sens le plus large
  20. Services administratifs et financiers
  21. Développement et coordination/gestion des projets stratégique qui offre une optimisation ou transformations des processus d’affaires
  22. Faciliter et établir relation et alliances stratégique entre entreprises
  23. La société peut avoir en portefeuille la propriété intellectuelle et aussi les commercialiser
  24. La constitution d’un patrimoine propre au travers de toutes opérations mobilières et immobilières généralement quelconques effectuées pour compte propre et notamment l’achat,la vente,la division,la location,l’affectation hypothécaire de biens immeubles,le tout à l’exclusion des activités dont l’exercice est soumis par la législation à une habitation spécifique
  25. La société pourra également effectuer toutes opérations généralement quelconques et plus spécifiquement mobilières permettant la valorisation d’un tel patrimoine comme les placements financiers des plus-values générées
  26. La société peut en outre affecter ses actifs en garanties,hypothécaires ou autres,de prêts ou d’engagements contractés par des personnes morales ou physiques du groupe auquel elle appartient,et notamment ses actionnaires et ses gérants ou administrateurs
  27. Elle peut également accorder des prêts et des avances à ces mêmes personnes
  28. La société peut exercer toute activité susceptible de favoriser la réalisation de son objet social
  29. Elle peut réaliser toutes opérations industrielles,commerciales ou financières,mobilières ou immobilières pouvant se rattacher directement ou indirectement à l’objet social et à tous objets similaires ou connexes
deed of 18-12-2023 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
de Hinnisdaellaan 14B registered office 1150 Woluwe-Saint-Pierre
de Hinnisdaellaan 14B/1 1150 Woluwe-Saint-Pierre 01-02-2019 2.287.761.727

Buildings and parcels at the address

Ground area
4,746 m²
Buildings
821 m²
Volume, LiDAR
15,147 m³
Tallest building
23.1 m
Buildings to scale, each on its own parcel
821 m², 23.1 m 821 m², 23.1 m

Location

registered office establishment The establishment unit on the map
4 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
21683D0053/00T0024,746 m² 1 · 821 m² 23.1 m · 6

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