CIRCIOS
ActiveThe annual accounts of CIRCIOS for fiscal year 2025 show a net loss of 52% of total assets. The 2025 annual accounts show equity of €10k and a net result of €-10k. Equity is shrinking by ~94.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 71% of 268 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency78▲+18
Growth32=
Track record94
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.14 against 1.52 in 2024; short-term debt: 46.5% and cash: 91.2% of total assets), and 46.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Sector 35
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
53.5%
Return on assets
-51.9%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
232425
2023 to 2025 · latest year €-10k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-06-2026, 60 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
60 d early
2024
48 d early
2023
55 d early
2022
54 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-10k▲ 64.8%
2024 · €-29k
2023: €-8k
2024: €-29k
2023 → 2025
Working capital
€10k▼ 48.9%
2024 · €20k
2023: €49k
2024: €20k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€50k-€21k▼ 58.3%€10k▼ 49.3%
Operating result€-8k-€-28k▼ 257%€-9k▲ 67.0%
Net result€-8k-€-29k▼ 241%€-10k▲ 64.8%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9k in 2025 against €28k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €20k
Equity
€10k▼ 49.3%
Debt
€9k▼ 76.5%
The debt ratio falls from 65.3% to 46.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-9k▲
2024 · €-28k
Cash flow
€-10k▲
2024 · €-29k
Solvency
53.5%▲
2024 · 34.7%
Current ratio
2.14▲
2024 · 1.52
Quick ratio
2.14▲
2024 · 1.52
Debt / equity
0.87▼
2024 · 1.88
ROE
-97.0%▲
2024 · -140.0%
ROA
-51.9%▼
2024 · -48.6%
Interest coverage
-11.31▲
2024 · -54.07
Debt
€9k▼
2024 · €39k
Debt ≤ 1 year
€9k▼
2024 · €39k
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€59k€20k▼
Formation expenses20€381€112▼
Current assets29/58€59k€19k▼
Amounts receivable within one year40/41€30k€2k▼
Trade receivables40€20k-
Other amounts receivable41€10k€2k▼
Cash at bank and in hand54/58€29k€18k▼
Equity and liabilities
Total equity and liabilities10/49€59k€20k▼
Equity10/15€21k€10k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Profit (loss) carried forward14€-41k€-51k▼
Amounts payable17/49€39k€9k▼
Amounts payable within one year42/48€39k€9k▼
Trade debts44€39k€9k▼
Suppliers440/4€39k€9k▼
Income statement
Code20242025
Goods, raw materials, services and sundry goods60/61€48k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€269€269=
Other operating charges640/8€387€1k▲
Gross operating margin9900€-28k€-8k▲
Operating profit (loss)9901€-28k€-9k▲
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€520€804▲
Recurring financial charges65€520€804▲
Profit (loss) for the period before taxes9903€-29k€-10k▲
Profit (loss) for the period9904€-29k€-10k▲
Profit (loss) for the period to be appropriated9905€-29k€-10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-41k€-51k▼
Profit (loss) brought forward from the previous period14P€-12k€-41k▼
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-29k
Net result drops to €-29k, the lowest in the series; recovery starts the following year.
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Sint-Joost-ten-Node · 1 establishment unit since 2021
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.
Koning Albert II-laan 71210 Sint-Joost-ten-NodeGround area
2,230 m²
Building footprint
2,026 m²
Volume, LiDAR
54,470 m³
Parcel 21014A0004/00Y018, Brussels · tallest building 36.2 m, ±10 floors. Linked by address, not a title deed.
1 establishment unit
CIRCIOS
since 20212.385.847.731
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21014A0004/00Y018 | Brussels | 2,230 m² | 1 · 2,026 m² | 36.2 m · 10 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.
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Of 150 companies in sector 35120 we hold annual accounts for 80. 20 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded10-05-2021
Fiscal year end31-12
Activities, NACEBEL
35110Electricity, gas, steam and air conditioning supply
35120Electricity, gas, steam and air conditioning supply
41002Construction of residential and non-residential buildings
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.