Checked.be
Active
BE 0779.437.263Private limited company
Bio-Circle
Groenenbrielstraat 33 ·9320 Aalst, Belgium· 4 yrs active
Sector: Wholesale of industrial chemicals
(46851)
Conclusion
The computed 12-month bankruptcy probability of Bio-Circle is 2.8% (moderate). The 2025 annual accounts show negative equity (€-293k) and a net result of €-135k. Equity is shrinking by ~76.9% per year across the filed fiscal years. Its solvency ranks better than 9% of 338 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €-293k |
| Net result | €-135k |
| Staff (FTE) | 8.7 |
| Better than sector | 9% |
Financial profile
54
/ 100
Mixed profile: strong on profitability, weaker on health.
All 5 axes are computed from data Checked has read.
Health
7
Profitability
100
Solvency
37
Growth
32
Stability
94
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
7
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 02-07-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~76.9%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 46, Wholesale trade · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -18.7% | 36.5% | |
| Net result | €-135k | €44k | |
| Equity | €-293k | €279k | |
| Gross operating margin | €585k | €244k | |
| Staff costs | €584k | €174k |
€-8k
-56.0%
22-25
€-135k
-57.6%
22-25
€-63k
-18.2%
22-25
€1.56M
+7.9%
22-25
€-293k
-85.0%
22-25
€-340k
+18.8%
22-25
9
+16.0%
22-25
€584k
+20.5%
22-25
€756
-6.8%
22-25
€1.86M
+15.5%
22-25
€1.07M
+6.3%
22-25
€781k
+30.8%
22-25
0.68
+16.8%
22-25
0.44
+15.1%
22-25
-18.7%
-71.4%
22-25
-6.34
+37.6%
22-25
46.0%
-14.8%
22-25
-8.6%
-46.0%
22-25
-0.14
-35.9%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 |
|---|---|
| Deposit | abbreviated schema |
| Revenue | - |
| EBITDA | €-8k |
| Net profit | €-135k |
| Cash flow | €-63k |
| Staff costs | €584k |
| Income taxes | €756 |
| Dividends | - |
| Total assets | €1.56M |
| Equity | €-293k |
| Debt | €1.86M |
| of which ≤ 1y | €1.07M |
| of which > 1y | €781k |
| Working capital | €-340k |
| Employees (FTE) | 8.7 |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 0.68 |
| Quick ratio | 0.44 |
| Working capital ratio | -21.7% |
| Solvency | -18.7% |
| Debt / equity | -6.34 |
| Long-term debt ratio | -2.66 |
| Interest coverage | -0.14 |
| Gross margin | - |
| Net margin | - |
| ROA | -8.6% |
| ROE | 46.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan.
See plans →
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €1.56M |
| Fixed assets | 21/28 | €835k |
| Intangible fixed assets | 21 | €25k |
| Tangible fixed assets | 22/27 | €804k |
| Financial fixed assets | 28 | €6k |
| Current assets | 29/58 | €730k |
| Stocks & contracts in progress | 3 | €254k |
| Amounts receivable within one year | 40/41 | €311k |
| Cash & bank | 54/58 | €129k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.56M |
| Equity | 10/15 | €-293k |
| Contributions / capital | 10/11 | €1k |
| Accumulated profits (losses) | 14 | €-294k |
| Amounts payable | 17/49 | €1.86M |
| Amounts payable after one year | 17 | €781k |
| Amounts payable within one year | 42/48 | €1.07M |
| Trade debts payable within one year | 44 | €582k |
| Income statement | ||
| Gross operating margin | 9900 | €585k |
| Operating result | 9901 | €-79k |
| Financial income | 75 | €49 |
| Financial charges | 65 | €55k |
| Result before taxes | 9903 | €-134k |
| Income taxes | 67/77 | €756 |
| Net result for the period | 9904 | €-135k |
| Result to be appropriated | 9905 | €-135k |
Legal Structure
| NACE primary | Wholesale of industrial chemicals(46851) |
| Legal form | Private limited company(610) |
| Incorporation | 28-12-2021 |
| Status | Active |
| Postal code | 9320 |
Establishment units
Groenenbrielstraat 33, 9320 Aalst
since 20222.327.620.908
Bio-Circle
since 20262.389.362.396
Real-estate footprint
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41076A0394/00K002 | Flanders | 2.7 ha | 1 · 1,119 m² | - |
| 41342B0217/00C002 | Flanders | 571 m² | 1 · 156 m² | 9.2 m · 1 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-135k
Net result drops to €-135k, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Wholesale of industrial chemicals46851Other manufacturing not elsewhere classified32990Waste collection, recovery and disposal activities38219Waste collection, recovery and disposal activities38330Wholesale trade46442Wholesale trade46820Wholesale trade46852
Names & trade names
| Legal nameNL | Bio-Circle |
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