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Circle K Belgium

Active
Public limited companyfounded 2023active for 3 yearsJules Cockxstraat 10, 1160 Oudergem, Belgium14 active companies are registered at this addressKBO/BCE: BE 0803.261.750
Summary

Circle K Belgium has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €76.9m and a net result of €41.3m. Equity remains stable across the filed financial years (±1.2% per year). Its solvency ranks better than 23% of 6,131 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Overview

Activity
Wholesale of solid, liquid and gaseous fuels and related products
NACE 46810
Largest company by total assets in Oudergem, Wholesale and retail trade sector73 sites
Size
€1.60bnturnover 2025
Staff
132.8 FTE
Equity
€76.9m
Profit
€41.3m
Financial health
69 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.6%
Structure
Parent
Circle K Sverige AB · 60%
Board
7 members
Holdings
3
Auditor: PwC Reviseurs d'EntreprisesAccounts filed 3 days late15 of 16 deeds read
Why 69raises riskFounded in 20231 change of registered office in 24 monthslowers riskSize: turnover €1.60bn, 132.8 FTE, total assets €363.7mFigures for financial year 2025 (filed 03-08-2026)Show the evidence

Checked score

Score 2025
69 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 37% of its sector peers (NACE 46, medium-sized)
Financial strength · tick = 2024
Average
Solvency 46+1
equity 21.2% of total assets
Liquidity 24-6
short-term debt 75.5% · cash 11.8%
Profitability 66-5
return on assets 11.4%
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (746 companies, NACE 46, medium-sized)
Last 24 months 11-2024: 1.2% 12-2024: 1.3%▲ +0.1 percentage points vs 11-2024 01-2025: 1.3%● unchanged vs 12-2024 02-2025: 1.4%▲ +0.1 percentage points vs 01-2025 03-2025: 1.4%● unchanged vs 02-2025 04-2025: 1.3%▼ -0.1 percentage points vs 03-2025 05-2025: 1.3%● unchanged vs 04-2025 06-2025: 1.5%▲ +0.2 percentage points vs 05-2025highest value 07-2025: 1.5%● unchanged vs 06-2025 08-2025: 0.3%▼ -1.2 percentage points vs 07-2025lowest value 09-2025: 0.3%● unchanged vs 08-2025lowest value 10-2025: 0.3%● unchanged vs 09-2025lowest value 11-2025: 0.3%● unchanged vs 10-2025lowest value 12-2025: 0.6%▲ +0.3 percentage points vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025 02-2026: 0.6%● unchanged vs 01-2026 03-2026: 0.5%▼ -0.1 percentage points vs 02-2026 04-2026: 0.6%▲ +0.1 percentage points vs 03-2026 05-2026: 0.7%▲ +0.1 percentage points vs 04-2026 06-2026: 0.7%● unchanged vs 05-2026 07-2026: 0.9%▲ +0.2 percentage points vs 06-2026 08-2026: 1.2%▲ +0.3 percentage points vs 07-2026 09-2026: 0.6%▼ -0.6 percentage points vs 08-2026 10-2026: 0.6%● unchanged vs 09-2026
Credit of up to €5,300,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.88, compared with 0.92 in 2024, below 1; short-term debt: 75.5% and cash: 11.8% of total assets), and 78.8% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, medium-sized): better than 26% on solvency, 27% on liquidity, 66% on profitability and 31% on growth.

The bankruptcy probability was computed on 22-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Founded in 2023
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Size: turnover €1.60bn, 132.8 FTE, total assets €363.7m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Figures for financial year 2025 (filed 03-08-2026)
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 6131 sector peers (2025).
NBB · sector comparison
Position among 6131 sector peers
Solvency
better than 23%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filings
Deviation from the deadline
2025
3 days late
2024
9 days early
2023
13 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 2 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 3 August (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
23-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2023.
KBO publications · our coverage
  1. Resignation: Hans-Olav Høidahl (director)Appointment: Ciara Foxton (director) ·…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Resignations: Mette Uglebjerg (director) and Jeremy…Appointments: Jørn Madsen (director) and…

Key points

  • Positive: Largest company by total assets in Oudergem, Wholesale and retail trade sectorin the Checked rankings No. 1 View
  • Board changedlatest change 03-07-2026 · 7 in office 4 joined · 3 left View
  • Controlled by Circle K Sverige ABknown shareholders 100% 60% View
  • Merger with VERTHORmerger on 23-10-2025 2025 View
  • Caution: Result fell in 2025from €59.1m to €41.3m ▼ 30.1% View
  • EU supportawarded in 2025 €207,152 View

By topic

Financials

Financial year
2025
Turnover
€1.60bn
Profit
€41.3m
Solvency
21.2%
Turnover▼ 9.6%
Net result
20232025
Go to Financials

Board & ownership

Board
7 members
Parent
Circle K Sverige AB · 60%
Known shareholders
100%
Auditor
PwC Reviseurs d'Entreprises
  • Bernadette SpinoyDirector
  • COUTURE ChristineDirector
  • Stéphane DecubberDirector
  • Jørn MadsenDirector
  • Mathieu BoltéDirector

and 2 other directors

Go to Board & ownership

Network & group

Group
ALIMENTATION COUCHE-TARD INC.
Subsidiaries
4
Holdings
3
Connected companies
5

4 subsidiaries

Go to Network & group

Timeline

Events
15
Since
2023
Next accounts
by 31-07-2027
  1. 27-01-2026Resignation: Didier Dubois (directeur général)
  2. 13-11-2025Restructuring
  3. 07-11-2025Resignations: Peter Hermans (director) and Danny Bulens…
Go to Timeline

Company details

Sites
73
Legal form
Public limited company
Activity
Wholesale of solid, liquid and gaseous fuels and…NACE 46810
Founded
28-06-2023
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
21
Annual meeting
Second Friday of June at 11:30
Purpose
“De distributie via alle kanalen van alle energievormen (aardoliegrondstoffen en…” (deed in Dutch)
Go to Articles of association

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