CIRCLE
Annual accounts 2025
micro format, filed on 09-04-2026, 113 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €190,000. Estimated: probably between €140,000 and €240,000.
Balance sheet
balance sheet total €679,443 on 31-12-2025in euro
in euro
Position in the sector
32.0%
Higher than 31% of 39,364 companies in 2025.
0.91
Higher than 21% of 38,048 companies in 2025.
27.9%
Higher than 69% of 38,520 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
679,443 | 746,844 | 473,239 | 156,245 | 138,417 | |
21/28 |
473,205 | 503,042 | 437,246 | 100,000 | 100,000 | |
22/27 |
378,940 | 403,042 | 337,246 | - | - | |
22 |
322,019 | 332,472 | 337,246 | - | - | |
23 |
2,775 | - | - | - | - | |
24 |
54,146 | 70,571 | - | - | - | |
28 |
94,265 | 100,000 | 100,000 | 100,000 | 100,000 | |
29/58 |
206,238 | 243,802 | 35,993 | 56,245 | 38,417 | |
40/41 |
50,846 | 233,295 | 8,379 | 13,024 | 8,265 | |
40 |
34,143 | 16,084 | 6,000 | 12,350 | - | |
41 |
16,703 | 217,211 | 2,379 | 674 | 8,265 | |
54/58 |
155,392 | 10,507 | 27,614 | 43,221 | 30,152 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
679,443 | 746,844 | 473,239 | 156,245 | 138,417 | |
10/15 |
217,544 | 129,056 | 80,475 | 60,731 | 27,825 | |
10/11 |
20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
13 |
7,825 | 7,825 | 7,825 | 7,825 | 7,825 | |
133 |
7,825 | 7,825 | 7,825 | 7,825 | 7,825 | |
14 |
189,718 | 101,230 | 52,649 | 32,905 | - | |
17/49 |
461,899 | 617,789 | 392,765 | 95,514 | 110,591 | |
17 |
231,209 | 294,979 | 307,415 | 50,000 | 70,000 | |
170/4 |
231,209 | 294,979 | 307,415 | 50,000 | 70,000 | |
42/48 |
227,666 | 322,809 | 82,106 | 45,514 | 40,591 | |
42 |
63,770 | 73,248 | 60,112 | 20,000 | 20,000 | |
44 |
1,586 | 1,119 | 2,522 | 2,357 | 2,837 | |
440/4 |
1,586 | 1,119 | 2,522 | 2,357 | 2,837 | |
45 |
33,089 | 30,519 | 19,472 | 22,949 | 17,510 | |
450/3 |
33,089 | 30,519 | 19,472 | 22,949 | 17,510 | |
47/48 |
129,221 | 217,922 | 0 | 208 | 244 | |
492/3 |
3,024 | 0 | 3,243 | - | - | |
| Income statement | ||||||
9900 |
93,766 | 95,244 | 46,132 | 48,131 | 14,736 | |
630 |
27,141 | 21,752 | 5,680 | 0 | 1,002 | |
640/8 |
2,164 | 1,883 | 2,042 | 671 | 348 | |
9901 |
64,461 | 71,609 | 38,409 | 47,460 | 13,387 | |
75/76B |
152,319 | 6,644 | - | 0 | 160 | |
75 |
152,319 | 6,644 | - | 0 | 160 | |
65/66B |
13,791 | 15,576 | 11,315 | 3,396 | 1,940 | |
65 |
13,791 | 15,576 | 11,315 | 3,396 | 1,940 | |
9903 |
202,989 | 62,677 | 27,094 | 44,064 | 11,607 | |
67/77 |
13,271 | 14,096 | 7,350 | 11,158 | 3,781 | |
9904 |
189,718 | 48,581 | 19,744 | 32,905 | 7,825 | |
9905 |
189,718 | 48,581 | 19,744 | 32,905 | 7,825 | |
| Appropriation of the result | ||||||
9906 |
290,949 | 101,230 | 52,649 | 32,905 | 7,825 | |
14P |
101,230 | 52,649 | 32,905 | - | - | |
691/2 |
- | - | - | 0 | 7,825 | |
6921 |
- | - | - | 0 | 7,825 | |
694/7 |
101,230 | - | - | - | - | |
694 |
101,230 | - | - | - | - | |
| Document | ||||||
The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 09-04-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 09-04-2026 | 2026-00075850 | |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00441890 | |
| 31-12-2023 | micro format | 28-08-2024 | 2024-00385573 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00397066 | |
| 31-12-2021 | micro format | 19-08-2022 | 2022-20297421 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 91,602 | 93,361 | 44,089 | 47,460 | 14,389 | ||
| 216,859 | 70,333 | 25,424 | 32,905 | 8,827 | ||
| 3,039 | 87,548 | 342,926 | 0 | 101,002 | ||
| 144,885 | -17,107 | -15,607 | 13,069 | - | ||
| -21,428 | -79,007 | -46,113 | 10,731 | -2,175 | ||
| 32.0% | 17.3% | 17.0% | 38.9% | 20.1% | ||
| 0.91 | 0.76 | 0.44 | 1.24 | 0.95 | ||
| 2.12 | 4.79 | 4.88 | 1.57 | 3.97 | ||
| 87.2% | 37.6% | 24.5% | 54.2% | 28.1% | ||
| 27.9% | 6.5% | 4.2% | 21.1% | 5.7% | ||
| 6.64 | 5.99 | 3.90 | 13.97 | 7.42 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,039 | €87,548 | €342,926 | - | - |
| Intangible fixed assets | - | - | - | - | €1,002 |
| Financial fixed assets | - | - | - | - | €100,000 |
| €27,141 | €21,752 | €5,680 | €0 | €1,002 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on CIRCLE
The operating result for 2025 is 10% lower than in 2024.
Debt's share of the balance-sheet total falls from 82.7% to 68.0%. Equity is higher and debt is lower.