Circular Timber
ActiveSummary
The computed 12-month bankruptcy probability of Circular Timber is 3.6% (moderate). The 2025 annual accounts show equity of €8,610 and a net result of €15,610. Its solvency ranks better than 29% of 655 sector peers (NACE 16, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €8,610
- Profit
- €15,610
- Board
- 4 members
- 3B structureManaging director · permanent representative Benoît Marie Sibilla Pierre HARGOT
Why 51raises riskFounded in 2024Liquidity: current ratio 1.10Sector: Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)Show the evidence
Checked score
About 4 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 16, micro): better than 27% on solvency, 66% on liquidity and 95% on profitability.
The bankruptcy probability was computed on 25-10-2026 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).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
- IncorporationAppointments: BEWOOD CONSULTING, 3B STRUCTURE…
Financials · financial year 2025, micro format
Turnover and EBIT margin not published: the micro format does not require them.
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94.3% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 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 7,976 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 | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,463 |
| Gross operating margin9900 | €43,985 |
| Operating profit (loss)9901 | €16,521 |
| Financial charges65/66B | €8 |
| Recurring financial charges65 | €8 |
| Profit (loss) for the period before taxes9903 | €16,513 |
| Income taxes67/77 | €903 |
| Profit (loss) for the period9904 | €15,610 |
| Profit (loss) for the period to be appropriated9905 | €15,610 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €42,713 | |
| Fixed assets21/28 | €24,968 | |
| Tangible fixed assets22/27 | €24,968 | |
| Plant, machinery and equipment23 | €24,625 | |
| Furniture and vehicles24 | €343 | |
| Current assets29/58 | €17,745 | |
| Amounts receivable within one year40/41 | €3,070 | |
| Trade receivables40 | €2,921 | |
| Other amounts receivable41 | €149 | |
| Current investments50/53 | €14,675 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €42,713 | |
| Equity10/15 | €8,610 | |
| Contributions10/11 | €5,000 | |
| Profit (loss) carried forward14 | €3,610 | |
| Amounts payable17/49 | €34,103 | |
| Amounts payable within one year42/48 | €16,203 | |
| Trade debts44 | €3,300 | |
| Suppliers440/4 | €3,300 | |
| Taxes, remuneration and social security45 | €903 | |
| Taxes450/3 | €903 | |
| Other amounts payable47/48 | €12,000 | |
| Accrued charges and deferred income492/3 | €17,900 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €15,610 |
| + Depreciation and write-downs630 | €27,463 |
| Operating cash flow (approximation) | €43,073 |
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 (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2025 | micro format | 09-10-2025 | 2025-00537277 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 4
Day-to-day management 2
Permanent representatives 2
Mandate history
- Board
- Day-to-day management
| Name | Functions and periods |
|---|---|
| 3B structure |
|
| BeWood Consulting |
|
| LAHAYE Corto Yves Céline |
|
| Luc Pascal Arthur SOHIER |
|
Owners and capital
Capital and shareholders
- Pierre-Antoine Marius Véronique CORDY 500 shares (50%) · €2,500
- Benoît Marie Sibilla Pierre HARGOT 500 shares (50%) · €2,500
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 25-06-2024 Incorporation · €5,000 · 1,000 shares
Group and network
Connections & network
2 connected companiesThe connected companies are in the list below.
History
Acts, filings and financial milestones
25-06
Gazette deed
IncorporationAppointments: BEWOOD CONSULTING, 3B STRUCTURE and 2 others · Permanent representatives: Pierre-Antoine Marius Véronique CORDY and Benoît Marie Sibilla Pierre HARGOT · Founder16 facts ▸
- Incorporation, 19-06-2024
- Founder, Pierre-Antoine Marius Véronique CORDY (2 times)
- Founder, Benoît Marie Sibilla Pierre HARGOT (2 times)
- Share issue, 1000, “apports” (deed in French)
- Founding capital, €5,000
- Registered office clause, “1380 Lasne,Rue d'Anogrune 154A” (deed in French)
- Other provision, “unité d'établissement, Anderlecht(1070 Bruxelles),Rue Liverpool 77” (deed in French)
- Board rule, 4, “fondateurs” (deed in French)
- Director appointment, BEWOOD CONSULTING (director (not named in the articles))
- Permanent representative, Pierre-Antoine Marius Véronique CORDY
- Director appointment, 3B STRUCTURE (director (not named in the articles))
- Permanent representative, Benoît Marie Sibilla Pierre HARGOT
- +4 further facts in this act
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 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 1010.597.072
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21304B0139/00Z009 | Brussels | 1.7 ha | 1 · 300 m² | 7.6 m · 2 |
| 25061A0053/00G000 | Wallonia | 1,906 m² | 1 · 109 m² | 8.1 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “La gestion de toutes les opérations liées au bois,y compris le démontage,le transport,le stockage,la transformation,le placement/montage,et…” (deed in French)
35 activities (deed in French)
- La gestion de toutes les opérations liées au bois,y compris le démontage,le transport,le stockage,la transformation,le placement/montage,et la commercialisation de matériaux ou produits de récupération basés principalement sur le bois.
- Les opérations de sciage,rabotage,calibrage,séchage,et conditionnement de bois de tous types.
- La conduite d'activités de transport et de stockage de marchandises.
- La transformation de marchandises.
- L'organisation de formations,ateliers éducatifs et workshops.
- L'achat et la revente de produits.
- L'activité de négoce de produits et matériaux divers.
- La mise en place de labellisation,certification,inspection,et le contrôle du respect des chartes/de la production,des approvisionnements,de la traçabilité,la fabrication,le montage,la vente,etc.
- Les activités de menuiserie,charpenterie,et scierie.
- Le développement,la fabrication,l'assemblage,le transport,le montage,l'étude et la commercialisation de structures en bois.
- L'import-export de matériaux,de produits finis et autres,développés ou non par la société.
- Le développement de produits de construction et de structures en bois,bambou et autres matériaux.
- L'élargissement des activités du bureau d'études de stabilité au-delà des matériaux bois et bambou.
- L'invention,la programmation et la commercialisation de programmes informatiques liés au design,au calcul,etc.
- L'invention,la fabrication et la commercialisation de machines de production et de manutention.
- La distribution de produits propres et ceux d'autres sociétés.
- La réalisation de travaux typiques d'une entreprise générale de construction.
- La fourniture de formations,séminaires,cours sur les connaissances acquises par la société ou sur d'autres sujets.
- Le développement de projets de coopération au développement en partenariat avec des organismes spécialisés.
- L'acquisition,le développement,la gestion de ressources naturelles (sylvicultures,etc.) de bois,bambou et d'autres matériaux.
- Le développement d'outils de logistique.
- Le développement de produits pour d'autres secteurs (automobile,informatique,aéronautique,agroalimentaire,etc.).
- Toutes activités de construction,y compris l'entretien,la décoration,la peinture,le nettoyage et la désinfection de locaux,l'entretien et la remise en état de sols,revêtements ou murs,tous travaux hydrauliques,de terrassement,de drainage,de route,de construction d'ouvrages d'art,pose de câbles et de canalisations,aménagement et entretien de terrains,travaux de démolition,de rejointement,d'isolation thermique et acoustique,de restauration et rénovation et construction de bâtiments,travaux d'installation électro-techniques,d'étanchéification,de couverture,montage de charpentes,travaux de finition,travaux d'électricité ou de plomberie,et tous transports nationaux et internationaux de personnes ou de matériaux ou marchandises.
- Toutes activités faisant partie du cadre général des activités d'un bureau d'ingénieur et d'un bureau d'études,y compris la création et la réalisation de projets,calculs,plans,notes techniques,mesurages,élaboration de cahiers des charges,études architecturales,études de stabilité des immeubles et de résistance des matériaux,ainsi que toutes documentations et études pour des constructions en béton,en béton armé,en bois ou en toutes autres sortes de matériaux destinés à la construction de routes,ouvrages d'art,installations d'épuration et tous autres travaux publics ou privés.
- La participation au marché immobilier pour l'achat,l'échange,le lotissement,la promotion,la vente,la location,la prise en location et en sous-location,le leasing,la cession en location et en sous-location,avec ou sans option d'achat,la construction,la rénovation et la transformation,l'exploitation et l'entretien de biens immobiliers de toute nature et l'octroi et l'obtention de droits contenant superficie,accession,emphytéose,usufruit et nue-propriété,hypothèque,privilège et option ainsi que toutes opérations de financement,ainsi que la prestation de services de consultance,de courtage et d'assistance sous toute forme.
- La constitution et la gestion d'un patrimoine immobilier et la location-financement de biens immeubles aux tiers,l'acquisition,la vente,l'échange,la construction,la transformation,l'amélioration,l'équipement,l'aménagement,l'embellissement,l'entretien,la location,la prise en location,le lotissement,la prospection et l'exploitation de biens immobiliers,ainsi que toutes opérations en relation avec cet objet.
- La prestation de tous services dans le cadre de son objet,y compris la gestion du patrimoine immobilier,l'asset management,la gérance,les activités de courtage,de syndic et l'intermédiaire en matière de location ou de cession d'immeubles.
- L'exercice de toutes les opérations se rapportant à l'activité d'agence immobilière.
- L'affectation de ses biens immeubles et autres en hypothèque,y compris le fonds de commerce,pour tous prêts,ouvertures de crédit et autres engagements,pour elle-même ou pour compte des tiers.
- La réalisation,la coordination,la commercialisation ou le courtage de certifications et d'audits énergétiques,de durabilité environnementale,de sécurité,de crédits carbone,etc.
- L'exercice de toutes activités de relations publiques et de prospection de clientèles.
- La conclusion de toutes conventions de collaboration,de rationalisation,d'association ou autres avec des sociétés ou entreprises.
- La fourniture de conseils et la réalisation d'études concernant l'urbanisme,l'équipement technique de tous immeubles,la réalisation de toutes expertises et enquêtes,et la publication d'articles d'études dans le domaine technique et scientifique.
- La prise de participations dans d'autres sociétés,la détention de mandats de gérant ou administrateur dans d'autres sociétés,l'accomplissement de toutes opérations commerciales,industrielles,financières,mobilières ou immobilières se rapportant directement ou indirectement à son objet.
- L'exercice des fonctions d'administrateur ou de liquidateur dans d'autres sociétés.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Circular Timber
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, sièges administratifs,agences,ateliers,dépôts et succursales,tant en Belgique qu'à l'étranger” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- One provision in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of September at 18:00