Circ-El
ActiveCirc-El has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €187k and a net result of €122k. Its solvency ranks better than 84% of 11209 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
86
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78
Track record82
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days only on tighter terms
Liquidity ample (current ratio 6.4 against 9.19 in 2024; short-term debt: 15.5% and cash: 67.2% of total assets), and 15.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
84.5%
Return on assets
54.9%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2025
24 d late
2024
37 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€187k▲ 186%
2024 · €65k
2024: €65k
2024 → 2025
Total assets
€221k▲ 202%
2024 · €73k
2024: €73k
2024 → 2025
Net result
€122k▲ 301%
2024 · €30k
2024: €30k
2024 → 2025
Working capital
€186k▲ 185%
2024 · €65k
2024: €65k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€65k-€187k▲ 186%
Operating result€38k-€155k▲ 309%
Net result€30k-€122k▲ 301%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 309% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €221k
Fixed assets
€954
Current assets
€220k
Equity and liabilities €221k
Equity
€187k▲ 186%
Debt
€34k▲ 331%
The debt ratio rises from 10.9% to 15.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€155k
Cash flow
€122k
Solvency
84.5%▼
2024 · 89.1%
Current ratio
6.40▼
2024 · 9.19
Quick ratio
6.40▼
2024 · 9.19
Debt / equity
0.18▲
2024 · 0.12
ROE
65.1%▲
2024 · 46.4%
ROA
54.9%▲
2024 · 41.3%
Interest coverage
585.62
Debt
€34k▲
2024 · €8k
Debt ≤ 1 year
€34k▲
2024 · €8k
Income taxes
€34k▲
2024 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€73k€221k▲
Fixed assets21/28-€954
Tangible fixed assets22/27-€954
Plant, machinery and equipment23-€954
Current assets29/58€73k€220k▲
Amounts receivable within one year40/41€8k€71k▲
Trade receivables40€8k€65k▲
Other amounts receivable41€95€6k▲
Cash at bank and in hand54/58€65k€149k▲
Deferred charges and accrued income490/1-€269
Equity and liabilities
Total equity and liabilities10/49€73k€221k▲
Equity10/15€65k€187k▲
Contributions10/11€35k€35k=
Reserves13€30k€152k▲
Distributable reserves133€30k€152k▲
Amounts payable17/49€8k€34k▲
Amounts payable within one year42/48€8k€34k▲
Trade debts44€404€593▲
Suppliers440/4€404€593▲
Taxes, remuneration and social security45€8k€34k▲
Taxes450/3€8k€34k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€446
Gross operating margin9900€38k€155k▲
Operating profit (loss)9901€38k€155k▲
Financial income75/76B-€780
Recurring financial income75-€780
Financial charges65/66B€10€265▲
Recurring financial charges65€10€265▲
Profit (loss) for the period before taxes9903€38k€155k▲
Income taxes67/77€8k€34k▲
Profit (loss) for the period9904€30k€122k▲
Profit (loss) for the period to be appropriated9905€30k€122k▲
Appropriation of the result
Profit (loss) to be appropriated9906€30k€122k▲
Transfer to equity691/2€30k€122k▲
To other reserves6921€30k€122k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
31-12
Financial
Equity above €150kEq €187k ▲186%
2 profitable years in a row build equity to €187k.
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kinrooi · 1 establishment unit since 2024
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Leuerbroek (Oph) 10823640 KinrooiGround area
1,841 m²
Building footprint
269 m²
Volume, LiDAR
1,360 m³
Parcel 72026C0337/00Y008, Flanders · tallest building 5.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Circ-El
since 20242.361.066.013
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72026C0337/00Y008 | Flanders | 1,841 m² | 1 · 269 m² | 5.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
BRAINSCAPE
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NETSHOP INTERNATIONAL
BE 0460.647.456
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CECURITY BELGIUM
BE 0429.355.652
Jette · Eq €187k
REALEASE CAPITAL BELGIUM
BE 0667.987.530
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VGI Consulting
BE 0649.997.592
Ninove · Eq €187k
Of 2,126 companies in sector 46500 we hold annual accounts for 1,403. 1,090 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-05-2024
Fiscal year end31-12
Activities, NACEBEL
46500Wholesale of information and communication equipment
46660Wholesale trade
62020IT consultancy
62200Computer consultancy and computer facilities management
63920Other information service activities
63990Computing infrastructure, data processing, hosting and other information service activities
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
70220Business consulting
95100Repair and maintenance of computers and communication equipment
95110Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.