Circle Solutions
The computed 12-month bankruptcy probability of Circle Solutions is 0.3% (very low). The 2024 annual accounts show equity of €90k and a net result of €-30k. Equity is growing by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 65% of 52 sector peers (fiscal year 2024). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €90k |
| Net result | €-30k |
| Better than sector | 65% |
| Active | 19 yrs |
Strong profile, led by solvency.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 69.6% | 49.2% | |
| Net result | €-30k | €14k | |
| Equity | €90k | €131k | |
| Gross operating margin | €-28k | €56k | |
| Total assets | €129k | €425k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €-30k |
| Net profit | €-30k |
| Cash flow | €-23k |
| Staff costs | - |
| Income taxes | €-3k |
| Dividends | €39k |
| Total assets | €129k |
| Equity | €90k |
| Debt | €39k |
| of which ≤ 1y | €27k |
| of which > 1y | - |
| Working capital | €71k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 3.65 |
| Quick ratio | 3.65 |
| Working capital ratio | 55.0% |
| Solvency | 69.6% |
| Debt / equity | 0.44 |
| Long-term debt ratio | - |
| Interest coverage | -16.10 |
| Gross margin | - |
| Net margin | - |
| ROA | -22.9% |
| ROE | -32.9% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €129k |
| Fixed assets | 21/28 | €31k |
| Tangible fixed assets | 22/27 | €26k |
| Financial fixed assets | 28 | €5k |
| Current assets | 29/58 | €98k |
| Amounts receivable within one year | 40/41 | €91k |
| Cash & bank | 54/58 | €5k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €129k |
| Equity | 10/15 | €90k |
| Contributions / capital | 10/11 | €19k |
| Reserves | 13 | €101k |
| Accumulated profits (losses) | 14 | €-30k |
| Amounts payable | 17/49 | €39k |
| Amounts payable within one year | 42/48 | €27k |
| Trade debts payable within one year | 44 | €4k |
| Income statement | ||
| Gross operating margin | 9900 | €-28k |
| Operating result | 9901 | €-37k |
| Financial income | 75 | €6k |
| Financial charges | 65 | €2k |
| Result before taxes | 9903 | €-32k |
| Income taxes | 67/77 | €-3k |
| Net result for the period | 9904 | €-30k |
| Result to be appropriated | 9905 | €-30k |
-
Current14-09-2020 → present
5 events
- 14-09-2020 Resigned· Manager
- 14-09-2020 Appointed· Director
- 01-07-2013 Appointed· Manager
- 01-07-2012 Resigned· Manager
- 17-01-2011 Appointed· Manager
Historic, not recently confirmed (1)
-
Not recently confirmedlast confirmed in an act from 2014
Former directors (2)
-
Former- → 16-06-2014
-
Former- → 17-01-2011
| NACE primary | 90392 |
| Legal form | Private limited company(610) |
| Incorporation | 09-07-2007 |
| Status | Active |
| Postal code | 2970 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11922B0563/00M004 | Flanders | 429 m² | 1 · 76 m² | 11.1 m · 3 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
18-02-2026 Change in the board of directors
Technical details
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}14-09-2020 1 director appointed, 1 resigning
- Yannick Hellemans, Bestuurder
- Yannick Hellemans, Zaakvoerder
Technical details
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}03-07-2015 Registered office moved from Borsbeek to Schilde
- Jan Frans Stynenlei 2, 2150 Borsbeek → Kraanstraat 11, 2970 Schilde
Technical details
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}16-06-2014 1 director appointed, 1 resigning
- Hellemans Yannick, Zaakvoerder
- Van Der Dorick Stephanie, Zaakvoerder
Technical details
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}30-01-2014 1 director appointed, 1 resigning
- Van Der Donck Stephanie, Zaakvoerder
- Hellemans Yannick, Zaakvoerder
Technical details
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}01-02-2011 1 director appointed, 1 resigning
- Hellemans Yannick, Zaakvoerder
- Vandergeeten Karina, Zaakvoerder
Technical details
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | Circle Solutions |