Financials
- Fiscal year
- 2025
- Total assets
- €237,870
- Profit
- €51,075
- Solvency
- 84.4%
Total assets▲ 29.2%
Net result
20182025
CIRCLED
ActiveSummary
CIRCLED has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €200,750 and a net result of €51,075. Equity is growing by ~27.5% per year across the filed fiscal years. Its solvency ranks better than 84% of 11099 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Overview
Activity
Activities of interior architects
NACE 71112
1 site
Size
€237,870total assets 2025
- Equity
- €200,750
- Profit
- €51,075
Turnover not published (abridged schema)
Structure
Accounts 22 d early0 of 3 deeds read
Why 97+ Liquidity: current ratio 5.88, cash €116,117+ Equity €200,750 (84.4% of total assets)+ Sector Architectural and engineering activities; technical testing and analysis (NACE 71)+ Size: total assets €237,870Show the evidence
Checked score
Score 2025
97
/ 100
Excellent
Probability in this band: under 0.55%
Better than 79% of its sector peers (NACE 71, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
100=
equity 84.4% of total assets
Liquidity
97-3
short-term debt 15.5% · cash 48.8%
Profitability
96-3
return on assets 21.5%
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: < 0.1%
12-2024: < 0.1%● 0.0% vs 11-2024
01-2025: < 0.1%▼ -4.3% vs 12-2024
02-2025: < 0.1%● 0.0% vs 01-2025
03-2025: < 0.1%● 0.0% vs 02-2025
04-2025: < 0.1%▼ -4.5% vs 03-2025lowest value
05-2025: < 0.1%▲ +4.8% vs 04-2025
06-2025: < 0.1%▲ +4.5% vs 05-2025
07-2025: < 0.1%▲ +17.4% vs 06-2025highest value
08-2025: < 0.1%▼ -18.5% vs 07-2025
09-2025: < 0.1%● 0.0% vs 08-2025
10-2025: < 0.1%● 0.0% vs 09-2025
11-2025: < 0.1%● 0.0% vs 10-2025
12-2025: < 0.1%● 0.0% vs 11-2025
01-2026: < 0.1%▼ -4.5% vs 12-2025lowest value
02-2026: < 0.1%● 0.0% vs 01-2026lowest value
03-2026: < 0.1%● 0.0% vs 02-2026lowest value
04-2026: < 0.1%● 0.0% vs 03-2026lowest value
05-2026: < 0.1%● 0.0% vs 04-2026lowest value
06-2026: < 0.1%● 0.0% vs 05-2026lowest value
07-2026: < 0.1%▲ +9.5% vs 06-2026
08-2026: < 0.1%▲ +13.0% vs 07-2026
09-2026: < 0.1%● 0.0% vs 08-2026
10-2026: < 0.1%● 0.0% vs 09-2026
- Liquidity: current ratio 5.88, cash €116,117 lowers the probability
- Equity €200,750 (84.4% of total assets) lowers the probability
- Sector Architectural and engineering activities; technical testing and analysis (NACE 71) lowers the probability
- Size: total assets €237,870 lowers the probability for this profile
Credit up to €19,000 at 30 days acceptable
Liquidity ample (current ratio 5.88 against 10.57 in 2024; short-term debt: 15.5% and cash: 48.8% of total assets), and 15.6% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 71, micro). Better than this share of them on solvency 87%, liquidity 90%, profitability 72%, growth against the median 67%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
31 d early
2023
49 d early
2022
27 d early
2021
47 d early
2020
9 d late
2019
49 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 31 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 34% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 30 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Highest result since 2018net €51,075 ▲12.8%
- Equity above €200,000Eq €200,750 ▲19.9%
Key points
By topic
Timeline
- Events
- 17
- Since
- 2017
- Next accounts
- by 31-07-2027
- 09-07-2026Annual accounts filed
- 31-12-2025Highest result since 2018
- 31-12-2025Equity above €200,000
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Activities of interior architectsNACE 71112
- Founded
- 13-10-2010
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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