CIRCULO
ActiveThe annual accounts of CIRCULO for fiscal year 2025 show a net loss of 70% of total assets and of 51% of the equity at the start of that year. The 2025 annual accounts show equity of €45k and a net result of €-47k. Equity is shrinking by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 60% of 31662 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency91▼-6
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.54 against 3.29 in 2024; short-term debt: 34% and cash: 19.8% of total assets), and 34% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
66%
Return on assets
-69.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
31 d late
2024
30 d late
2023
30 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€45k▼ 51.3%
2024 · €91k
2023: €49k
2024: €91k
2023 → 2025
Total assets
€67k▼ 46.5%
2024 · €126k
2023: €76k
2024: €126k
2023 → 2025
Net result
€-47k
2024 · €43k
2023: €47k
2024: €43k
2023 → 2025
Working capital
€35k▼ 55.8%
2024 · €80k
2023: €47k
2024: €80k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€49k-€91k▲ 88.1%€45k▼ 51.3%
Operating result€62k-€55k▼ 10.6%€-46k
Net result€47k-€43k▼ 8.5%€-47k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €46k after €55k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €67k
Fixed assets
€9k▼ 21.1%
Current assets
€58k▼ 49.1%
Equity and liabilities €67k
Equity
€45k▼ 51.3%
Debt
€23k▼ 34.0%
The debt ratio rises from 27.5% to 34.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-44k▼
2024 · €57k
Cash flow
€-44k▼
2024 · €45k
Solvency
66.0%▼
2024 · 72.5%
Current ratio
2.54▼
2024 · 3.29
Quick ratio
2.54▼
2024 · 3.29
Debt / equity
0.51▲
2024 · 0.38
ROE
-105.3%▼
2024 · 46.8%
ROA
-69.5%▼
2024 · 34.0%
Interest coverage
-72.55▼
2024 · 84.97
Debt
€23k▼
2024 · €35k
Debt ≤ 1 year
€23k▼
2024 · €35k
Income taxes
€132▼
2024 · €12k
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€126k€67k▼
Fixed assets21/28€12k€9k▼
Tangible fixed assets22/27€12k€9k▼
Plant, machinery and equipment23€1k€885▼
Furniture and vehicles24€8k€6k▼
Other tangible fixed assets26€3k€3k=
Current assets29/58€114k€58k▼
Amounts receivable within one year40/41€26k€15k▼
Trade receivables40€26k€1k▼
Other amounts receivable41-€13k
Current investments50/53€30k€30k=
Cash at bank and in hand54/58€58k€13k▼
Equity and liabilities
Total equity and liabilities10/49€126k€67k▼
Equity10/15€91k€45k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€86k€40k▼
Amounts payable17/49€35k€23k▼
Amounts payable within one year42/48€35k€23k▼
Trade debts44€3k€3k▼
Suppliers440/4€3k€3k▼
Taxes, remuneration and social security45€28k€15k▼
Taxes450/3€28k€15k▼
Other amounts payable47/48€4k€5k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€354€994▲
Gross operating margin9900€58k€-43k▼
Operating profit (loss)9901€55k€-46k▼
Financial charges65/66B€673€602▼
Recurring financial charges65€673€602▼
Profit (loss) for the period before taxes9903€55k€-47k▼
Income taxes67/77€12k€132▼
Profit (loss) for the period9904€43k€-47k▼
Profit (loss) for the period to be appropriated9905€43k€-47k▼
Appropriation of the result
Profit (loss) to be appropriated9906€86k€40k▼
Profit (loss) brought forward from the previous period14P€44k€86k▲
The notes to these accounts (4 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-47k ▼209%
Net result drops to €-47k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Avelgem · 1 establishment unit since 2022
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.
Leynseelstraat 1578580 AvelgemGround area
1,374 m²
Building footprint
171 m²
Volume, LiDAR
959 m³
Parcel 34003A2843/00E000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CIRCULO
since 20222.332.867.420
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34003A2843/00E000 | Flanders | 1,374 m² | 1 · 171 m² | 8.6 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.
Similar companies · same sector, comparable size
MULTIMEDI
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BE 0772.813.846
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GREEN ELEPHANTS
BE 1017.253.054
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OPTIGAGE
BE 0790.369.064
Keerbergen · Eq €45k
IEY CONSULT
BE 0790.374.905
Willebroek · Eq €45k
Of 82,569 companies in sector 70200 we hold annual accounts for 52,573. 37,444 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-06-2022
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
64200Holdings
64210Activities of holding companies
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:circulo@telenet.be
Phone:0476721071