circumstances
The computed 12-month bankruptcy probability of circumstances is < 0.1% (very low). The 2024 annual accounts show equity of €161k and a net result of €72k. Equity is growing by ~70.7% per year across the filed fiscal years. Its solvency ranks better than 92% of 619 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €161k |
| Net result | €72k |
| Better than sector | 92% |
| Active | 4 yrs |
Exceptional profile, strong across almost every axis.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 88.4% | 45.7% | |
| Net result | €72k | €8k | |
| Equity | €161k | €29k | |
| Gross operating margin | €178k | €24k | |
| Staff costs | €91k | €25k |
| Fiscal year | 2024 |
|---|---|
| Revenue | €485k |
| EBITDA | €85k |
| Net profit | €72k |
| Cash flow | €85k |
| Staff costs | €91k |
| Income taxes | - |
| Dividends | - |
| Total assets | €182k |
| Equity | €161k |
| Debt | €21k |
| of which ≤ 1y | €21k |
| of which > 1y | - |
| Working capital | €132k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 7.24 |
| Quick ratio | 7.24 |
| Working capital ratio | 72.3% |
| Solvency | 88.4% |
| Debt / equity | 0.13 |
| Long-term debt ratio | - |
| Interest coverage | 536.83 |
| Gross margin | 20.5% |
| Net margin | 14.9% |
| ROA | 39.7% |
| ROE | 44.9% |
| EBITDA margin | 17.6% |
| Days sales outstanding | 9d |
| Days payable outstanding | 12d |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €182k |
| Fixed assets | 21/28 | €29k |
| Tangible fixed assets | 22/27 | €29k |
| Financial fixed assets | 28 | €340 |
| Current assets | 29/58 | €153k |
| Amounts receivable within one year | 40/41 | €13k |
| Cash & bank | 54/58 | €140k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €182k |
| Equity | 10/15 | €161k |
| Accumulated profits (losses) | 14 | €161k |
| Amounts payable | 17/49 | €21k |
| Amounts payable within one year | 42/48 | €21k |
| Trade debts payable within one year | 44 | €13k |
| Income statement | ||
| Turnover | 70 | €485k |
| Gross operating margin | 9900 | €178k |
| Operating result | 9901 | €73k |
| Financial charges | 65 | €159 |
| Result before taxes | 9903 | €72k |
| Net result for the period | 9904 | €72k |
| Result to be appropriated | 9905 | €72k |
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Current25-06-2025 → present
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Current25-06-2025 → present
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Current25-06-2025 → present
2 events
- 25-06-2025 Resigned· Director
- 25-06-2025 Appointed· Managing director
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Current25-06-2025 → present
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Current25-06-2025 → present
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Current25-06-2025 → present
| NACE primary | 90202 |
| Legal form | Non-profit association(017) |
| Incorporation | 01-12-2021 |
| Status | Active |
| Postal code | 3010 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24482F0282/00W000 | Flanders | 179 m² | 1 · 82 m² | 9.4 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
03-02-2026 Articles of association amended
Technical details
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"name_full": "CIRCUMSTANCES",
"legal_form": "VZW"
},
"signature_regime": "solo",
"special_mandates": [],
"governance_change": {
"admin_delegated_added": [
{
"name": "Jonas Vermeulen",
"quote": "Jonas Vermeulen, geboren te Bonheiden op 01 juli 1992, wonende te Toekomststraat 4, 3010 Kessel-lo (RRN 92.07.01-323.76);",
"excluded_powers": null
},
{
"name": "Piet Van Dycke",
"quote": "Piet Van Dycke, geboren te Tienen op 02 april 1996, wonende te Toekomststraat 4, 3010 Kessel-lo (RRN 96.04.02-353.79);",
"excluded_powers": null
},
{
"name": "Samantha Cunningham",
"quote": "Samantha Cunningham, geboren te Wilrijk op 07 maart 1994, wonende te Gijselsstraat 105, 2140 Borgerhout (RRN 94.03.07-440.84).",
"excluded_powers": null
}
]
}
}03-12-2021 Incorporation of a new VZW
Technical details
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"name": "Maaike Vanderhaegen",
"niss": null,
"address": "3200 Aarschot, Waterstraat 7"
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],
"capital_eur": 0,
"subject_company": {
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"name_full": "circumstances",
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},
"initial_directors": [],
"incorporation_date": "2021-12-01",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | circumstances |