Private limited company · founded 2022 · 4 yrs activeDuisburgsesteenweg 85, 3090 Overijse, BelgiumKBO/BCE: BE 0783.591.536
Summary
Circle TEC has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€92,632) and a net result of -€114,489. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
How financially healthy the company is, how likely a bankruptcy is and how much credit is sensible. Start here to know whether you can do business safely.
Score 2025
Checked score
A figure from 0 to 100 for financial health from the latest annual accounts: the higher, the healthier. Without a figure, the card says why. A low score is a reason to look closely at payment terms and security.
Four sides of financial health side by side. You see at a glance where the company is strong and where it is vulnerable.
Profitability0▼-78
Solvency0▼-32
Growth32▼-46
Track record94
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that this company goes bankrupt within twelve months. A low chance is reassuring; with a higher one, agree shorter payment terms or an advance.
0.6%Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.48 against 1.3 in 2024; short-term debt: 98.4% of total assets), and equity is negative.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 7 days after the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
○
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 1 May (4 of the last 4 filed years within 30 days of that day).
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
History
History
The company's story in a few sentences, from the company register, the Belgian State Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
Circle TEC was incorporated on 18 March 2022 as a Private limited company by Munt Dental and two natural persons, with a starting capital of EUR 10,000.12Total assets fell from EUR 199,932 in 2022 to EUR 132,216 in 2025.3
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
Net result-€3,738below the sector's middle half--€7,098below the sector's middle half▼ 89.9%€22,779within the sector's middle half-€114,489below the sector's middle half
Equity€6,262within the sector's middle half--€837below the sector's middle half€21,858below the sector's middle half-€92,632below the sector's middle half
Total assets€199,932within the sector's middle half-€167,783below the sector's middle half▼ 16.1%€309,134below the sector's middle half▲ 84.2%€132,216below the sector's middle half▼ 57.2%
Working capital€96,123above the sector's middle half-€50,669below the sector's middle half▼ 47.3%€52,764within the sector's middle half▲ 4.1%-€67,515below the sector's middle half
Solvency3.1%below the sector's middle half--0.5%below the sector's middle half▼ 3.6pp7.1%below the sector's middle half▲ 7.6pp-70.1%below the sector's middle half▼ 77.1pp
Current ratio1.97within the sector's middle half-1.51within the sector's middle half▼ 0.461.30below the sector's middle half▼ 0.210.48below the sector's middle half▼ 0.82
Return on assets (ROA)-1.9%within the sector's middle half--4.2%below the sector's middle half▼ 2.4pp7.4%above the sector's middle half▲ 11.6pp-86.6%below the sector's middle half▼ 94.0pp
Staff (FTE)0below the sector's middle half
abovewithinbelowthe middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €111,269 after €38,306 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €132,216
52.6%
47.4%
Fixed assets€69,576 ▼ 12.0%
Current assets€62,640 ▼ 72.8%
Key figures and ratios
2025 value · change against 2024
EBITDA
-€90,460▼
2024 · €53,587
Cash flow
-€93,680▼
2024 · €38,060
Debt to equity
-2.43▼
2024 · 13.14
Interest coverage
-30.95▼
2024 · 48.20
Debt ≤ 1 year
€130,155▼
2024 · €177,294
Income taxes
€1,007▼
2024 · €16,060
Staff costs
€0▼
2024 · €755
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observation
Peer companies
What happened to companies that once looked just like this one does now. It describes the group, not this company: the figures are counted, not predicted.
Of the 7,638 companies that looked in July 2024 the way this one looks now, 8.9% went bankrupt within 24 months and 85% are still going.
Micro
2 to 5 years old
negative equity
a loss of 10% of the balance sheet or more
8.9%went bankrupt
5.6%stopped otherwise
85%still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
The companies in ten equal groups, from lowest to highest expected share.
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% 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 7,638 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.
Annual accounts
Filed annual accountsAs filed with the NBB · 2025 against 2024 · 43 lines
Balance sheetCode20242025
Assets
Total assets20/58€309,134€132,216▼
Fixed assets21/28€79,077€69,576▼
Intangible fixed assets21€7,907€14,099▲
Tangible fixed assets22/27€71,169€55,477▼
Plant, machinery and equipment23€66,195€49,831▼
Furniture and vehicles24€4,974€4,245▼
Other tangible fixed assets26-€1,401
Current assets29/58€230,058€62,640▼
Amounts receivable within one year40/41€228,453€56,379▼
Trade receivables40€89,518€56,379▼
Other amounts receivable41€138,936€0▼
Cash at bank and in hand54/58€0-
Deferred charges and accrued income490/1€1,604€6,261▲
Equity and liabilities
Total equity and liabilities10/49€309,134€132,216▼
Equity10/15€21,858-€92,632▼
Contributions10/11€10,000€10,000=
Profit (loss) carried forward14€11,858-€102,632▼
Amounts payable17/49€287,277€224,848▼
Amounts payable within one year42/48€177,294€130,155▼
Financial debts43€0€5,472▲
Credit institutions430/8€0€5,472▲
Trade debts44€134,328€9,321▼
Suppliers440/4€134,328€9,321▼
Taxes, remuneration and social security45€42,966€9,726▼
Taxes450/3€42,966€9,726▼
Other amounts payable47/48-€105,636
Accrued charges and deferred income492/3€109,983€94,693▼
Income statementCode20242025
Remuneration, social security and pensions62€755€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15,281€20,809▲
Other operating charges640/8€713€639▼
Gross operating margin9900€55,055-€89,821▼
Operating profit (loss)9901€38,306-€111,269▼
Financial income75/76B€1,645€710▼
Recurring financial income75€1,645€710▼
Financial charges65/66B€1,112€2,922▲
Recurring financial charges65€1,112€2,922▲
Profit (loss) for the period before taxes9903€38,839-€113,482▼
Income taxes67/77€16,060€1,007▼
Profit (loss) for the period9904€22,779-€114,489▼
Profit (loss) for the period to be appropriated9905€22,779-€114,489▼
Appropriation of the result
Profit (loss) to be appropriated9906€11,858-€102,632▼
Profit (loss) brought forward from the previous period14P-€10,922€11,858▲
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Line
2022
2023
2024
2025
Change
Remuneration, social security and pensions62
-
€379
€755
€0
▼ 100%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630
€366
€2,248
€15,281
€20,809
▲ 36.2%
Other operating charges640/8
€4,021
€4,069
€713
€639
▼ 10.4%
Gross operating margin9900
€669
€5,676
€55,055
-€89,821
▼ 263%
Operating profit (loss)9901
-€3,718
-€1,019
€38,306
-€111,269
▼ 390%
Financial income75/76B
-
-
€1,645
€710
▼ 56.8%
Recurring financial income75
-
-
€1,645
€710
▼ 56.8%
Financial charges65/66B
€20
€608
€1,112
€2,922
▲ 163%
Recurring financial charges65
€20
€608
€1,112
€2,922
▲ 163%
Profit (loss) for the period before taxes9903
-€3,738
-€1,627
€38,839
-€113,482
▼ 392%
Income taxes67/77
-
€5,472
€16,060
€1,007
▼ 93.7%
Profit (loss) for the period9904
-€3,738
-€7,098
€22,779
-€114,489
▼ 603%
Profit (loss) for the period to be appropriated9905
-€3,738
-€7,098
€22,779
-€114,489
▼ 603%
Line
2022
2023
2024
2025
Change
Assets
Total assets20/58
€199,932
€167,783
€309,134
€132,216
▼ 57.2%
Fixed assets21/28
€4,694
€18,139
€79,077
€69,576
▼ 12.0%
Intangible fixed assets21
-
€10,028
€7,907
€14,099
▲ 78.3%
Tangible fixed assets22/27
€4,694
€8,111
€71,169
€55,477
▼ 22.0%
Plant, machinery and equipment23
-
€3,245
€66,195
€49,831
▼ 24.7%
Furniture and vehicles24
€4,694
€4,867
€4,974
€4,245
▼ 14.7%
Other tangible fixed assets26
-
-
-
€1,401
-
Current assets29/58
€195,239
€149,644
€230,058
€62,640
▼ 72.8%
Amounts receivable within one year40/41
€9,765
€149,508
€228,453
€56,379
▼ 75.3%
Trade receivables40
€2,414
€74,810
€89,518
€56,379
▼ 37.0%
Other amounts receivable41
€7,351
€74,697
€138,936
€0
▼ 100%
Cash at bank and in hand54/58
€185,305
€90
€0
-
-
Deferred charges and accrued income490/1
€168
€46
€1,604
€6,261
▲ 290%
Equity and liabilities
Total equity and liabilities10/49
€199,932
€167,783
€309,134
€132,216
▼ 57.2%
Equity10/15
€6,262
-€837
€21,858
-€92,632
▼ 524%
Contributions10/11
€10,000
€10,000
€10,000
€10,000
=
Profit (loss) carried forward14
-€3,738
-€10,837
€11,858
-€102,632
▼ 966%
Amounts payable17/49
€193,671
€168,620
€287,277
€224,848
▼ 21.7%
Amounts payable within one year42/48
€99,116
€98,975
€177,294
€130,155
▼ 26.6%
Financial debts43
-
€67
€0
€5,472
-
Credit institutions430/8
-
€67
€0
€5,472
-
Trade debts44
€99,116
€91,596
€134,328
€9,321
▼ 93.1%
Suppliers440/4
€99,116
€91,596
€134,328
€9,321
▼ 93.1%
Taxes, remuneration and social security45
-
€7,312
€42,966
€9,726
▼ 77.4%
Taxes450/3
-
€7,312
€42,966
€9,726
▼ 77.4%
Other amounts payable47/48
-
-
-
€105,636
-
Accrued charges and deferred income492/3
€94,555
€69,645
€109,983
€94,693
▼ 13.9%
Line
2022
2023
2024
2025
Change
Profit (loss) for the period9904
-€3,738
-€7,098
€22,779
-€114,489
▼ 603%
+ Depreciation and write-downs630
€366
€2,248
€15,281
€20,809
▲ 36.2%
Operating cash flow (approximation)
-€3,373
-€4,851
€38,060
-€93,680
▼ 346%
Investment in fixed assets (approximation)
-
-€15,693
-€76,218
-€11,309
▲ 85.2%
Change in cash
-
-€185,215
-€90
-
-
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Net result drops to -€114,489, the lowest in the series.
29-05
NBB filingAnnual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
30-09
FinancialBack to profitnet €22,779
Net result €22,779 after 2 loss-making years.
02-05
NBB filingAnnual accounts filed
fiscal year 2023 · abbreviated schema · 2 days late
2023
28-04
NBB filingAnnual accounts filed
fiscal year 2022 · micro schema
2022
22-03
State Gazette actIncorporation
Appointments: Eric VAN DOOREN, DiviD and 2 others · Permanent representatives: DELEERSNIJDER Xavier, SCHILS Michaël and VAN DURME Pieter-Jan · Founder13 facts ▸
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 2 acts read
Directors · office · real estate
Directors and office
Who runs the company and where it is based. It tells you who you are talking to and whether the address checks out.
Directors
Directors
Who runs the company today and since when, grouped the way the CBE groups its function holders. Many recent board changes are a reason to keep a close eye.
under verification, no change since 2022
This board is reconstructed from a single act (22318759). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Location & real estate
Where the company is based and which parcels are linked to its addresses. An address shared by many companies is often a registered-office service.
Duisburgsesteenweg 85, 3090 OverijseOrganisation of conventions and trade shows
since 20222.330.199.524
1 parcel
Flanders1(100%)
Parcel (capakey)
Region
Area
Buildings
Height / fl.
23544C0162/00B004
Flanders
3,038 m²
1 · 1,438 m²
-
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.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
Het organiseren, ontwikkelen en implementeren van opleidingen en lezingen voor personen uit de dentale sector ... Het verlenen van adviezen ... Het ontwikkelen van knowhow ... Het…
Full purpose
Het organiseren, ontwikkelen en implementeren van opleidingen en lezingen voor personen uit de dentale sector ... Het verlenen van adviezen ... Het ontwikkelen van knowhow ... Het organiseren van evenementen ... De aankoop en verkoop van alle materialen ... Het verwerven en aanhouden van participaties ... Het verstrekken van financieringen of leningen.
Who owns the company and which companies it holds shares in, as the companies file it in their annual accounts. It shows which group it belongs to and who ultimately stands behind it.
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register.
The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
8 connected companies
Depth
Shared directors
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, scroll to zoom.
Of 3,021 companies in sector 85592 we hold annual accounts for 991. 596 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Company details
The company's official details: legal form, status, activities and founding date. Useful to draw up an invoice or contract correctly.
Identification
Legal formPrivate limited company
Founded18-03-2022
Fiscal year end30-09
Activities, NACEBEL 2025
85592Vocational training
82300Organisation of conventions and trade shows
E-invoicing
Reachable via Peppol
Peppol ID0208:0783591536
If you follow this company, Checked tells you the day it leaves the Peppol register.