DE VIRTUELE CIRKEL
ActiveSummary
DE VIRTUELE CIRKEL has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €112k and a net result of €-17k. Equity is growing by ~22.3% per year across the filed fiscal years. Its solvency ranks better than 50% of 4621 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability51▼-23
Solvency53=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 1.88 against 2.07 in 2024; short-term debt: 11.4% and cash: 0.3% of total assets), but 72.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
27.9%
Return on assets
-4.3%
Age of the figures
9 mo
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 22-07-2026, 9 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
9 d early
2024
18 d late
2023
8 d early
2022
29 d late
2021
29 d late
2020
26 d late
2019
25 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€112k▼ 13.2%
2024 · €129k
2018: €10k
2019: €26k
2020: €59k
2021: €70k
2022: €109k
2023: €137k
2024: €129k
2018 → 2025
Total assets
€400k▼ 11.9%
2024 · €454k
2018: €39k
2019: €51k
2020: €116k
2021: €310k
2022: €473k
2023: €456k
2024: €454k
2018 → 2025
Net result
€-17k
2024 · €20k
2018: €4k
2019: €16k
2020: €34k
2021: €11k
2022: €39k
2023: €28k
2024: €20k
2018 → 2025
Working capital
€40k▼ 22.8%
2024 · €52k
2018: €7k
2019: €26k
2020: €41k
2021: €122k
2022: €55k
2023: €77k
2024: €52k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€70k-€109k▲ 55.6%€137k▲ 25.9%€129k▼ 6.1%€112k▼ 13.2%
Operating result€14k-€48k▲ 234%€39k▼ 19.7%€33k▼ 15.1%€-10k
Net result€11k-€39k▲ 267%€28k▼ 27.4%€20k▼ 27.5%€-17k
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 €10k after €33k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €400k
Fixed assets
€314k ▼ 11.2%
Current assets
€85k ▼ 14.4%
Equity and liabilities €400k
Equity
€112k ▼ 13.2%
Debt
€288k ▼ 11.4%
Debt's share of the balance-sheet total rises from 71.7% to 72.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€29k▼
2024 · €69k
Cash flow
€23k▼
2024 · €57k
Current ratio
1.88▼
2024 · 2.07
Quick ratio
1.86▼
2024 · 2.05
Debt to equity
2.58▲
2024 · 2.53
ROE
-15.3%▼
2024 · 15.9%
ROA
-4.3%▼
2024 · 4.5%
Interest coverage
4.51▼
2024 · 10.14
Debt ≤ 1 year
€45k▼
2024 · €48k
Debt > 1 year
€243k▼
2024 · €276k
Income taxes
€146▼
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€454k€400k▼
Fixed assets21/28€354k€314k▼
Tangible fixed assets22/27€354k€314k▼
Land and buildings22€281k€263k▼
Plant, machinery and equipment23€18k€13k▼
Furniture and vehicles24€44k€33k▼
Leasing and similar rights25€11k€6k▼
Current assets29/58€100k€85k▼
Stocks and contracts in progress3€1k€923▼
Stocks30/36€1k€923▼
Amounts receivable within one year40/41€31k€47k▲
Trade receivables40€28k€31k▲
Other amounts receivable41€3k€16k▲
Current investments50/53€64k€33k▼
Cash at bank and in hand54/58€835€1k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€454k€400k▼
Equity10/15€129k€112k▼
Contributions10/11€6k€6k=
Reserves13€122k€105k▼
Distributable reserves133€122k€105k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€325k€288k▼
Amounts payable after more than one year17€276k€243k▼
Financial debts170/4€276k€243k▼
Amounts payable within one year42/48€48k€45k▼
Current portion of amounts payable after more than one year42€33k€34k▲
Trade debts44€7k€4k▼
Suppliers440/4€7k€4k▼
Taxes, remuneration and social security45€8k€7k▼
Taxes450/3€8k€6k▼
Remuneration and social security454/9-€800
Other amounts payable47/48-€953
Accrued charges and deferred income492/3€974€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€40k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€71k€30k▼
Operating profit (loss)9901€33k€-10k▼
Financial income75/76B€345€0▼
Recurring financial income75€345€0▼
Financial charges65/66B€7k€7k▼
Recurring financial charges65€7k€7k▼
Profit (loss) for the period before taxes9903€26k€-17k▼
Income taxes67/77€6k€146▼
Profit (loss) for the period9904€20k€-17k▼
Profit (loss) for the period to be appropriated9905€20k€-17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€20k€-17k▼
Transfer from equity791/2€29k€17k▼
Transfer to equity691/2€20k€0▼
To other reserves6921€20k€0▼
Profit to be distributed694/7€29k€0▼
Return on contributions (dividend)694€29k€0▼
The notes to these accounts (9 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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-17k ▼183%
Net result drops to €-17k, the lowest in the series.
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Highest result since 2018net €39k ▲267%
Operating result €48k, net result €39k, both a record.
31-12
Financial
Equity above €100kEq €109k ▲55.6%
5 profitable years in a row build equity to €109k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 4.13
Current ratio from 1.96 to 4.13; short-term debt falls from €42k to €39k.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are 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, Kortrijk · 1 establishment unit since 2017
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.
Bellegemsestraat(Bel) 1558510 KortrijkGround area
981 m²
Building footprint
206 m²
Volume, LiDAR
1,441 m³
Parcel 34005C0208/00P011, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
DE VIRTUELE CIRKEL
since 20172.261.543.518
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34005C0208/00P011 | Flanders | 981 m² | 1 · 206 m² | 11.4 m · 3 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.
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ANIMATRANS
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Of 61 companies in sector 96302 we hold annual accounts for 35. 17 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-01-2017
Fiscal year end31-12
Activities, NACEBEL 2025
96302Personal service activities
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.