Summary
CIRCLE BIDCO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €221.16M and a net result of €-5.90M. Its solvency ranks better than 71% of 2399 sector peers (fiscal year 2025). The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
Founded in 2025, under 3 years in business. Failure risk is statistically highest between 2 and 8 years after founding.
KBO · incorporation dateAge against the risk zone
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 02-07-2026, 29 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
29 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, full schema
Equity
€221.16M
Net result
€-5.90M
Total assets
€266.36M
Solvency
83.0%
Balance-sheet composition
Assets €266.36M
Fixed assets
€261.34M
Current assets
€5.01M
Equity and liabilities €266.36M
Equity
€221.16M
Debt
€45.19M
Debt finances 17.0% of the balance-sheet total.
Key figures and ratios
ROE
-2.7%
ROA
-2.2%
Debt ≤ 1 year
€15.04M
Debt > 1 year
€29.83M
Filed annual accounts As filed with the NBB · 2025 · 45 lines
Balance sheet
Code2025
Assets
Total assets20/58€266.36M
Fixed assets21/28€261.34M
Financial fixed assets28€261.34M
Affiliated companies280/1€261.34M
Participating interests280€261.34M
Current assets29/58€5.01M
Stocks and contracts in progress3€0
Amounts receivable within one year40/41€3.99M
Trade receivables40€375k
Other amounts receivable41€3.61M
Cash at bank and in hand54/58€533k
Deferred charges and accrued income490/1€494k
Equity and liabilities
Total equity and liabilities10/49€266.36M
Equity10/15€221.16M
Contributions10/11€227.06M
Profit (loss) carried forward14€-5.90M
Amounts payable17/49€45.19M
Amounts payable after more than one year17€29.83M
Financial debts170/4€29.83M
Other loans174€29.83M
Amounts payable within one year42/48€15.04M
Trade debts44€1.03M
Suppliers440/4€1.03M
Taxes, remuneration and social security45€136k
Taxes450/3€136k
Other amounts payable47/48€13.87M
Accrued charges and deferred income492/3€323k
Income statement
Code2025
Operating income70/76A€621k
Turnover70€621k
Operating charges60/66A€5.59M
Services and other goods61€4.28M
Other operating charges640/8€1.31M
Operating profit (loss)9901€-4.97M
Financial income75/76B€98k
Recurring financial income75€98k
Income from current assets751€83k
Other financial income752/9€15k
Financial charges65/66B€1.03M
Recurring financial charges65€1.03M
Debt charges650€1.03M
Other financial charges652/9€3k
Profit (loss) for the period before taxes9903€-5.90M
Profit (loss) for the period9904€-5.90M
Profit (loss) for the period to be appropriated9905€-5.90M
Appropriation of the result
Profit (loss) to be appropriated9906€-5.90M
The notes to these accounts (40 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2025 |
|---|---|
| Operating income70/76A | €621k |
| Turnover70 | €621k |
| Operating charges60/66A | €5.59M |
| Services and other goods61 | €4.28M |
| Other operating charges640/8 | €1.31M |
| Operating profit (loss)9901 | €-4.97M |
| Financial income75/76B | €98k |
| Recurring financial income75 | €98k |
| Income from current assets751 | €83k |
| Other financial income752/9 | €15k |
| Financial charges65/66B | €1.03M |
| Recurring financial charges65 | €1.03M |
| Debt charges650 | €1.03M |
| Other financial charges652/9 | €3k |
| Profit (loss) for the period before taxes9903 | €-5.90M |
| Profit (loss) for the period9904 | €-5.90M |
| Profit (loss) for the period to be appropriated9905 | €-5.90M |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €266.36M | |
| Fixed assets21/28 | €261.34M | |
| Financial fixed assets28 | €261.34M | |
| Affiliated companies280/1 | €261.34M | |
| Participating interests280 | €261.34M | |
| Current assets29/58 | €5.01M | |
| Stocks and contracts in progress3 | €0 | |
| Amounts receivable within one year40/41 | €3.99M | |
| Trade receivables40 | €375k | |
| Other amounts receivable41 | €3.61M | |
| Cash at bank and in hand54/58 | €533k | |
| Deferred charges and accrued income490/1 | €494k | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €266.36M | |
| Equity10/15 | €221.16M | |
| Contributions10/11 | €227.06M | |
| Profit (loss) carried forward14 | €-5.90M | |
| Amounts payable17/49 | €45.19M | |
| Amounts payable after more than one year17 | €29.83M | |
| Financial debts170/4 | €29.83M | |
| Other loans174 | €29.83M | |
| Amounts payable within one year42/48 | €15.04M | |
| Trade debts44 | €1.03M | |
| Suppliers440/4 | €1.03M | |
| Taxes, remuneration and social security45 | €136k | |
| Taxes450/3 | €136k | |
| Other amounts payable47/48 | €13.87M | |
| Accrued charges and deferred income492/3 | €323k | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €-5.90M |
| Operating cash flow (approximation) | €-5.90M |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
NBB filing
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Leuven · 1 establishment unit since 2025
Ground area
1,408 m²
Building footprint
949 m²
Volume, LiDAR
9,799 m³
Parcel 24504E0412/00E000, Flanders · tallest building 17.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
CIRCLE BIDCO
since 20252.377.310.444
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24504E0412/00E000 | Flanders | 1,408 m² | 1 · 948 m² | 17.3 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
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 24,727 companies in sector 64210 we hold annual accounts for 19,768. 1,086 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-06-2025
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.