CIRCLE UP
ActiveCIRCLE UP has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €57k and a net result of €39k. Equity is shrinking by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 50% of 31545 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
90
/ 100
Excellent▼ -10 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency95▼-5
Growth58▼-20
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.91 against 3.4 in 2024), and 43.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-09-2025, 32 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
32 d early
2024
31 d early
2023
22 d early
2022
7 d early
2021
4 d early
2020
18 d early
2019
3 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close16-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€57k▼ 50.6%
2024 · €116k
2019: €69k
2020: €101k
2021: €143k
2022: €140k
2023: €62k
2024: €116k
2019 → 2025
Total assets
€102k▼ 34.5%
2024 · €155k
2019: €88k
2020: €125k
2021: €159k
2022: €166k
2023: €98k
2024: €155k
2019 → 2025
Net result
€39k▼ 28.4%
2024 · €54k
2019: €18k
2020: €26k
2021: €42k
2022: €56k
2023: €43k
2024: €54k
2019 → 2025
Working capital
€40k▼ 56.9%
2024 · €94k
2019: €65k
2020: €98k
2021: €136k
2022: €128k
2023: €33k
2024: €94k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€143k-€140k▼ 2.8%€62k▼ 55.6%€116k▲ 87.6%€57k▼ 50.6%
Operating result€50k-€68k▲ 37.8%€51k▼ 24.9%€69k▲ 35.4%€50k▼ 28.1%
Net result€42k-€56k▲ 32.7%€43k▼ 22.7%€54k▲ 25.1%€39k▼ 28.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 28% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €102k
Fixed assets
€17k▼ 24.3%
Current assets
€85k▼ 36.2%
Equity and liabilities €102k
Equity
€57k▼ 50.6%
Debt
€44k▲ 13.4%
The debt ratio rises from 25.2% to 43.6%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€55k▼
2024 · €75k
Cash flow
€44k▼
2024 · €60k
Solvency
56.4%▼
2024 · 74.8%
Current ratio
1.91▼
2024 · 3.40
Quick ratio
1.91▼
2024 · 3.40
Debt / equity
0.77▲
2024 · 0.34
ROE
67.7%▲
2024 · 46.7%
ROA
38.2%▲
2024 · 34.9%
Interest coverage
84.55▼
2024 · 350.67
Debt
€44k▲
2024 · €39k
Debt ≤ 1 year
€44k▲
2024 · €39k
Income taxes
€12k▼
2024 · €16k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€155k€102k▼
Fixed assets21/28€22k€17k▼
Tangible fixed assets22/27€22k€17k▼
Plant, machinery and equipment23€1k€338▼
Furniture and vehicles24€11k€7k▼
Other tangible fixed assets26€11k€9k▼
Financial fixed assets28€93€93=
Current assets29/58€133k€85k▼
Amounts receivable within one year40/41€115k€38k▼
Trade receivables40€64k€31k▼
Other amounts receivable41€51k€7k▼
Cash at bank and in hand54/58€14k€44k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€155k€102k▼
Equity10/15€116k€57k▼
Contributions10/11€19k€19k=
Reserves13€98k€39k▼
Distributable reserves133€98k€39k▼
Amounts payable17/49€39k€44k▲
Amounts payable within one year42/48€39k€44k▲
Financial debts43-€9k
Credit institutions430/8-€9k
Trade debts44€9k€20k▲
Suppliers440/4€9k€20k▲
Taxes, remuneration and social security45€30k€15k▼
Taxes450/3€30k€12k▼
Remuneration and social security454/9-€4k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€5k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€77k€57k▼
Operating profit (loss)9901€69k€50k▼
Financial income75/76B€1k€1k▲
Recurring financial income75€1k€1k▲
Financial charges65/66B€215€654▲
Recurring financial charges65€215€654▲
Profit (loss) for the period before taxes9903€70k€50k▼
Income taxes67/77€16k€12k▼
Profit (loss) for the period9904€54k€39k▼
Profit (loss) for the period to be appropriated9905€54k€39k▼
Appropriation of the result
Profit (loss) to be appropriated9906€54k€39k▼
Transfer from equity791/2-€98k
Transfer to equity691/2€54k€39k▼
To other reserves6921€54k€39k▼
Profit to be distributed694/7-€98k
Return on contributions (dividend)694-€98k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-07
State Gazette act
Incorporation · Founder
Founding capital · Corporate purpose · Christophe Blindeman
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Equity above €100kEq €116k ▲87.6%
6 profitable years in a row build equity to €116k.
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
24-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Highest result since 2019net €56k ▲32.7%
Net result €56k, the highest in the series.
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
13-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Equity above €100kEq €101k ▲47.6%
2 profitable years in a row build equity to €101k.
2019
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Deinze · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Leernsesteenweg 2419800 DeinzeGround area
558 m²
Building footprint
145 m²
Volume, LiDAR
899 m³
Parcel 44006B0269/00N002, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CIRCLE UP
since 20172.263.947.633
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44006B0269/00N002 | Flanders | 558 m² | 1 · 145 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 82,241 companies in sector 70200 we hold annual accounts for 52,391. 38,646 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-02-2017
Fiscal year end31-03
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.