CIRCOLOGIC
ActiveSummary
The computed 12-month bankruptcy probability of CIRCOLOGIC is 4.6% (elevated). The 2025 annual accounts show equity of €15,668 and a net result of €1,515. Equity is growing by about 34% per year across the filed financial years. Its solvency ranks better than 13% of 9,849 sector peers (NACE 43, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- ≈ 0 FTE, estimated
- Equity
- €15,668
- Profit
- €1,515
- HERMANS Peter Jules IsabellaDirector
- Jan De SchepperDirector
Why 37raises riskLast filed accounts filed 102 days late; 2 of the last 3 lateFounded in 2022Sector: Specialised construction activities (NACE 43)Size: total assets €146,983Show the evidence
Checked score
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 43, micro): better than 14% on solvency, 12% on liquidity, 38% on profitability and 56% on growth.
The bankruptcy probability was computed on 30-10-2026 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
This company filed its last 3 accounts on average 75 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Back to profitnet €8,103
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (101 days) Filed on 12 May 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00109183.
Source amounts without an identifiable currency are assumed to be EUR.
2023 to 2025, 3 financial years
The operating result falls in 2025; 2025 is 66% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 2,542 companies that looked in July 2024 the way this one looks now, 3.5% went bankrupt within 24 months and 94.9% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 4.6% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 0.9% |
| 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 74.5% 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 2,542 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.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €63 | €120 | €315 | ▲ 162% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,169 | €24,135 | €31,972 | ▲ 32.5% |
| Other operating charges640/8 | €948 | €1,339 | €572 | ▼ 57.3% |
| Gross operating margin9900 | -€9,988 | €36,802 | €36,714 | ▼ 0.2% |
| Operating profit (loss)9901 | -€15,167 | €11,208 | €3,855 | ▼ 65.6% |
| Financial income75/76B | - | €25 | €0 | ▼ 99.9% |
| Recurring financial income75 | - | €25 | €0 | ▼ 99.9% |
| Financial charges65/66B | €3,783 | €3,104 | €2,340 | ▼ 24.6% |
| Recurring financial charges65 | €3,783 | €3,104 | €2,340 | ▼ 24.6% |
| Profit (loss) for the period before taxes9903 | -€18,950 | €8,129 | €1,515 | ▼ 81.4% |
| Income taxes67/77 | - | €26 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€18,950 | €8,103 | €1,515 | ▼ 81.3% |
| Profit (loss) for the period to be appropriated9905 | -€18,950 | €8,103 | €1,515 | ▼ 81.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €127,815 | €186,705 | €146,983 | ▼ 21.3% |
| Fixed assets21/28 | €80,592 | €114,248 | €90,776 | ▼ 20.5% |
| Intangible fixed assets21 | €80,592 | €107,557 | €85,992 | ▼ 20.0% |
| Tangible fixed assets22/27 | - | €6,691 | €4,784 | ▼ 28.5% |
| Plant, machinery and equipment23 | - | €6,691 | €4,784 | ▼ 28.5% |
| Current assets29/58 | €47,223 | €72,457 | €56,207 | ▼ 22.4% |
| Stocks and contracts in progress3 | - | €7,112 | €15,526 | ▲ 118% |
| Stocks30/36 | - | €7,112 | €15,526 | ▲ 118% |
| Amounts receivable within one year40/41 | €28,981 | €62,202 | €35,493 | ▼ 42.9% |
| Trade receivables40 | €28,716 | €57,063 | €35,493 | ▼ 37.8% |
| Other amounts receivable41 | €266 | €5,139 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €18,102 | €2,911 | €5,131 | ▲ 76.3% |
| Deferred charges and accrued income490/1 | €139 | €231 | €57 | ▼ 75.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €127,815 | €186,705 | €146,983 | ▼ 21.3% |
| Equity10/15 | €6,050 | €14,153 | €15,668 | ▲ 10.7% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | = |
| Profit (loss) carried forward14 | -€18,950 | -€10,847 | -€9,332 | ▲ 14.0% |
| Amounts payable17/49 | €121,765 | €172,552 | €131,315 | ▼ 23.9% |
| Amounts payable after more than one year17 | €75,000 | €50,000 | €37,500 | ▼ 25.0% |
| Financial debts170/4 | €75,000 | €50,000 | €37,500 | ▼ 25.0% |
| Amounts payable within one year42/48 | €46,765 | €122,343 | €93,815 | ▼ 23.3% |
| Current portion of amounts payable after more than one year42 | - | €13,542 | €12,500 | ▼ 7.7% |
| Trade debts44 | €37,659 | €108,455 | €57,067 | ▼ 47.4% |
| Suppliers440/4 | €37,659 | €108,455 | €57,067 | ▼ 47.4% |
| Taxes, remuneration and social security45 | €9,106 | €139 | €6,041 | ▲ 43× |
| Taxes450/3 | €4,653 | €139 | €6,041 | ▲ 43× |
| Remuneration and social security454/9 | €4,453 | - | - | - |
| Other amounts payable47/48 | - | €207 | €18,207 | ▲ 88× |
| Accrued charges and deferred income492/3 | - | €209 | €0 | ▼ 100% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€18,950 | €8,103 | €1,515 | ▼ 81.3% |
| + Depreciation and write-downs630 | €4,169 | €24,135 | €31,972 | ▲ 32.5% |
| Operating cash flow (approximation) | -€14,781 | €32,238 | €33,487 | ▲ 3.9% |
| Investment in fixed assets (approximation) | - | -€57,790 | -€8,500 | ▲ 85.3% |
| Change in cash | - | -€15,191 | €2,220 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | abbreviated format | 12-05-2026 | 2026-00109183 |
| 30-06-2024 | abbreviated format | 03-06-2025 | 2025-00121705 |
| 30-06-2023 | abbreviated format | 31-01-2024 | 2024-00023606 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2023 · 1 entry · €1,950 awarded · €1,429 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| HERMANS Peter Jules Isabella |
|
| Jan De Schepper |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
6 connected companiesShow 2 more companies with a shared director
History
Acts, filings and financial milestones
19-05
Gazette deed
IncorporationAppointments: DE SCHEPPER Jan Mark Bert (director) and HERMANS Peter Jules Isabella (director) · Founder · Founding capital8 facts ▸
- Incorporation, “CIRCOLOGIC” (deed in Dutch)
- Founder, DE SCHEPPER Jan Mark Bert (oprichter aandeelhouder)
- Founder, VANDEBROEK Jessica Maria Josepha (oprichter aandeelhouder)
- Founder, HERMANS Peter Jules Isabella (oprichter aandeelhouder)
- Founding capital, €25,000
- Director appointment, DE SCHEPPER Jan Mark Bert (director (not named in the articles))
- Director appointment, HERMANS Peter Jules Isabella (director (not named in the articles))
- Pre-incorporation commitments, “takeover, alle verbintenissen,verplichtingen en activiteiten sinds heden door comparanten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0786.312.088
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71402D1112/00P000 | Flanders | 1,895 m² | 1 · 658 m² | 0.1 m |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De in- en uitvoer,de aan- en verkoop in groot- en kleinhandel,de fabricage,de montage en het onderhoud van klimatisatie installaties en alle…” (deed in Dutch)
8 activities (deed in Dutch)
- De in- en uitvoer,de aan- en verkoop in groot- en kleinhandel,de fabricage,de montage en het onderhoud van klimatisatie installaties en alle aan airconditioning in de ruime zin verwante toestellen en installaties
- Het ontwerpen en dimensioneren van hoger vermelde toestellen en installaties
- Leveren en onderhouden van toestellen voor centrale verwarming,thermische verwarming,gas-,elektrische- stookolie en andere verwarmingsinstallaties,koelinstallaties,HVAC installaties,biomassa installaties in de meest ruime betekenis en dit voor bedrijven,particulieren en overheden
- Het leggen van kabels en van diverse leidingen voor de sturing van hogervermelde toestellen en installaties
- Het programmeren,ontwikkelen en implementeren van software voor de sturing van hogervermelde toestellen en installaties
- Leveren,plaatsen,montage en aansluiten van zonnepanelen,warmtepompen,biomassa installaties,warmtekrachtkoppelingen,biovergisters en dergelijke
- Groot en kleinhandel,import en export van materialen voor klimatisatie installaties en van alle andere goederen beschikbaar op de markt
- Het produceren en assembleren van hoger vermelde toestellen en installaties
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- CIRCOLOGIC
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, 3590 Diepenbeek,Groeningenweg 5” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Overblijvende bestuurders mogen nieuwe coöpteren bij openval plaats voor einde mandaat, één of meer bestuurders,natuurlijke personen of…” (deed in Dutch)“Algemene kosten los van representatie-,reis- en verplaatsingskosten, kosteloos tenzij algemene vergadering anders beslist” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Friday of November at 10:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Algemene vergadering, zoals inzake statutenwijziging” (deed in Dutch)“Bestuurder(s) in functie krachtens statuten indien geen andere vereffenaar benoemd, algemene vergadering beslissende in vormen vereist voor…” (deed in Dutch)