CIRCLAIR

Active

Private limited companyfounded 20241 yr activeGalileilaan 15, 2845 Niel, BelgiumKBO/BCE: BE 1017.358.665

CIRCLAIR has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €893k and a net result of €85k. Its solvency ranks better than 74% of 1887 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

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Checked score

Score 2025

86 / 100

Excellent

The score combines four axes. Every signal that weighs is under Signals.

Axes

Profitability48

Solvency100

Growth-

Stability67

Bankruptcy probability, 12 months

1.0% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €75k at 30 days only on tighter terms

Liquidity ample (current ratio 2.69), and 30.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 25

Relative position

BE, all sectors

reference

Sector 25

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

69.6%

Return on assets

6.6%

Age of the figures

8 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.

NBB · 1 filing

Deviation from the deadline

2025

30 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€893k

Total assets

€1.28M

Net result

€85k

Working capital

€656k

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition

Assets €1.28M

18.4%

81.6%

Fixed assets €237k

Current assets €1.05M

Equity and liabilities €1.28M

69.6%

30.4%

Equity €893k

Debt €389k

Debt finances 30.4% of the balance-sheet total.

Key figures and ratios

2025 value

EBITDA

€112k

Cash flow

€111k

Solvency

69.6%

Current ratio

2.69

Quick ratio

2.69

Debt / equity

0.44

ROE

9.5%

ROA

6.6%

Interest coverage

275.22

Debt

€389k

Debt ≤ 1 year

€389k

Income taxes

€52

Staff costs

€62k

Filed annual accounts

As filed with the NBB · 2025

Balance sheet Code2025

Assets

Total assets20/58€1.28M

Fixed assets21/28€237k

Intangible fixed assets21€185k

Tangible fixed assets22/27€49k

Plant, machinery and equipment23€47k

Furniture and vehicles24€2k

Financial fixed assets28€3k

Current assets29/58€1.05M

Amounts receivable within one year40/41€592k

Trade receivables40€429k

Other amounts receivable41€164k

Cash at bank and in hand54/58€453k

Deferred charges and accrued income490/1€921

Equity and liabilities

Total equity and liabilities10/49€1.28M

Equity10/15€893k

Contributions10/11€638k

Reserves13€85k

Distributable reserves133€85k

Investment grants15€170k

Amounts payable17/49€389k

Amounts payable within one year42/48€389k

Trade debts44€193k

Suppliers440/4€193k

Advances received on contracts in progress46€162k

Taxes, remuneration and social security45€34k

Taxes450/3€21k

Remuneration and social security454/9€12k

Accrued charges and deferred income492/3€136

Income statement Code2025

Remuneration, social security and pensions62€62k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k

Other operating charges640/8€195

Gross operating margin9900€174k

Operating profit (loss)9901€86k

Financial income75/76B€3

Recurring financial income75€3

Financial charges65/66B€406

Recurring financial charges65€406

Profit (loss) for the period before taxes9903€85k

Income taxes67/77€52

Profit (loss) for the period9904€85k

Profit (loss) for the period to be appropriated9905€85k

Appropriation of the result

Profit (loss) to be appropriated9906€85k

Transfer to equity691/2€85k

To other reserves6921€85k

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 1Filings 1

2026

01-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

NBB filing

Directors · office · real estate

Directors

3 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, Niel · 1 establishment unit since 2024

establishment The establishment unit on the map

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.

Galileilaan 152845 Niel

Ground area

5,028 m²

Building footprint

1,140 m²

Volume, LiDAR

994 m³

Parcel 11030C0277/00P000, Flanders · tallest building 34.5 m. Linked by address, not a title deed.

1 establishment unit

CIRCLAIR

Galileilaan 15, 2845 NielManufacture of metal structures and parts of structures

since 20242.369.288.841

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11030C0277/00P000	Flanders	5,028 m²	1 · 1,139 m²	34.5 m

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.

Public money · subsidies and aid

Flemish government

2025 · 2 entries · 272,101 EUR awarded · 108,819 EUR paid

Year	Entries	awarded	paid
2025	2	272,101 EUR	108,819 EUR

Schemes

Ontwikkelingsproject

1 entry · 271,282 EUR · 108,000 EUR paid · Fonds voor Innoveren en Ondernemen

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · 819 EUR · 819 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Maasmechelen · Eq €889k

GEVA WERKEN

BE 0435.362.427

Houthalen-Helchteren · Eq €897k

Herentalse Metaalwerken Leysen

BE 0404.169.603

Herentals · Eq €888k

Of 3,964 companies in sector 25110 we hold annual accounts for 2,133. 1,376 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded13-12-2024

Fiscal year end31-12

Activities, NACEBEL

25110Manufacture of metal structures and parts of structures

71121Engineering and related technical consultancy, excluding land surveyors

25210Manufacture of fabricated metal products, except machinery and equipment

25300Manufacture of fabricated metal products, except machinery and equipment

25530Machining of metals

25999Manufacture of fabricated metal products, except machinery and equipment

27110Manufacture of electrical equipment

28250Manufacture of machinery and equipment not elsewhere classified

Sources

Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers

Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.