CIRCLAIR
ActiveSummary
CIRCLAIR has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €892,759 and a net result of €85,227. Its solvency ranks better than 75% of 2,303 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · financial year 2025, micro format
Turnover and EBIT margin not published: the micro format does not require them.
Peer companies
Historical observationOf the 11,280 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96.6% are still going.
- Micro
- under 2 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 11,280 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2025 |
|---|---|
| Remuneration, social security and pensions62 | €62,332 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,163 |
| Other operating charges640/8 | €195 |
| Gross operating margin9900 | €174,373 |
| Operating profit (loss)9901 | €85,682 |
| Financial income75/76B | €3 |
| Recurring financial income75 | €3 |
| Financial charges65/66B | €406 |
| Recurring financial charges65 | €406 |
| Profit (loss) for the period before taxes9903 | €85,279 |
| Income taxes67/77 | €52 |
| Profit (loss) for the period9904 | €85,227 |
| Profit (loss) for the period to be appropriated9905 | €85,227 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €1.3m | |
| Fixed assets21/28 | €0.2m | |
| Intangible fixed assets21 | €0.2m | |
| Tangible fixed assets22/27 | €0.05m | |
| Plant, machinery and equipment23 | €0.05m | |
| Furniture and vehicles24 | €0.002m | |
| Financial fixed assets28 | €0.003m | |
| Current assets29/58 | €1.0m | |
| Amounts receivable within one year40/41 | €0.6m | |
| Trade receivables40 | €0.4m | |
| Other amounts receivable41 | €0.2m | |
| Cash at bank and in hand54/58 | €0.5m | |
| Deferred charges and accrued income490/1 | €0.001m | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €1.3m | |
| Equity10/15 | €0.9m | |
| Contributions10/11 | €0.6m | |
| Reserves13 | €0.09m | |
| Distributable reserves133 | €0.09m | |
| Investment grants15 | €0.2m | |
| Amounts payable17/49 | €0.4m | |
| Amounts payable within one year42/48 | €0.4m | |
| Trade debts44 | €0.2m | |
| Suppliers440/4 | €0.2m | |
| Advances received on contracts in progress46 | €0.2m | |
| Taxes, remuneration and social security45 | €0.03m | |
| Taxes450/3 | €0.02m | |
| Remuneration and social security454/9 | €0.01m | |
| Accrued charges and deferred income492/3 | €136 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €85,227 |
| + Depreciation and write-downs630 | €26,163 |
| Operating cash flow (approximation) | €111,390 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 01-07-2026 | 2026-00239418 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2025 · 2 entries · €272,101 awarded · €108,819 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.