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European Circular Industry

Active
Private limited companyfounded 2023active for 3 yearsTerhulpsesteenweg 150, 1170 Watermaal-Bosvoorde, BelgiumKBO/BCE: BE 0803.723.786
Summary

The computed 12-month bankruptcy probability of European Circular Industry is 4.3% (elevated). The 2025 annual accounts show negative equity (-€1,989) and a net result of -€7,031. Its solvency ranks better than 12% of 660 sector peers (NACE 16, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 1 administrative register entry.

Overview

Official details

Source: KBO
Status
Active since 07-07-2023 Normal situation
Registered office
232 active companies are registered at this address 24 started in the 12 months before. Source: KBO register, as of 2 November 2026.
Activity
Manufacture of other wood products NACE 16281
Establishment unit
2.349.968.817 1070 Anderlecht, since 07-07-2023
Financial year end
31 December
Peppol
Reachable since 18-12-2025

Board and ownership

Board

Financial position

46 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
4.3%
Annual accounts 2025
Gross margin
-€4,976
Loss
€7,031
Equity
-€1,989
Total assets
€24,356
▲ 182%
  • Negative equity on 31-12-2025
Turnover not published (micro format)
Filed on 15-07-2026, 16 days before the deadline
Score breakdownraises riskEx-officio strike-off in the KBO1 change of registered office in 24 monthslowers riskSize: total assets €24,356Figures for financial year 2025 (filed on 15-07-2026)Show the evidence

Checked score

Score 2025
46 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 8% of micro companies in wood and cork (NACE 16)
Financial strength · tick: 2024
Weak
Solvency 17-66
equity -8.2% of total assets
Liquidity 24-29
short-term debt 108.2% · cash 19.5%
Profitability 0-100
return on assets -28.9%
Bankruptcy probability within 12 months
4.3% Elevated
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (1,032 companies, NACE 16, micro)
Last 24 months 12-2024: 5.0% 01-2025: 5.0%● unchanged vs 12-2024 02-2025: 5.5%▲ +0.5 percentage points vs 01-2025 03-2025: 5.6%▲ +0.1 percentage points vs 02-2025 04-2025: 5.4%▼ -0.2 percentage points vs 03-2025 05-2025: 5.4%● unchanged vs 04-2025 06-2025: 5.8%▲ +0.4 percentage points vs 05-2025 07-2025: 6.0%▲ +0.2 percentage points vs 06-2025highest value 08-2025: 2.1%▼ -3.9 percentage points vs 07-2025 09-2025: 2.1%● unchanged vs 08-2025 10-2025: 2.1%● unchanged vs 09-2025 11-2025: 2.1%● unchanged vs 10-2025 12-2025: 2.1%● unchanged vs 11-2025 01-2026: 2.0%▼ -0.1 percentage points vs 12-2025 02-2026: 2.0%● unchanged vs 01-2026 03-2026: 2.0%● unchanged vs 02-2026 04-2026: 1.9%▼ -0.1 percentage points vs 03-2026lowest value 05-2026: 3.4%▲ +1.5 percentage points vs 04-2026 06-2026: 3.4%● unchanged vs 05-2026 07-2026: 3.5%▲ +0.1 percentage points vs 06-2026 08-2026: 4.3%▲ +0.8 percentage points vs 07-2026 09-2026: 4.3%● unchanged vs 08-2026 10-2026: 4.3%● unchanged vs 09-2026 11-2026: 4.3%● unchanged vs 10-2026
No credit on open account
Liquidity is insufficient, with a current ratio of 0.7 (0.47 in 2024), below 1. Short-term debt is 108.2% and cash 19.5% of total assets. Equity is negative.
Calculation

The band follows from the bankruptcy probability. 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). It does better than 10% of them on solvency, 16% on liquidity, 4% on profitability and 3% on growth.

The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Seven signals.
lowers riskraises riskneutral
raises risk · Ex-officio strike-off in the KBO
KBO publications
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Size: total assets €24,356
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 15-07-2026)
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
2425
2024 to 2025 · latest year -€1,989
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 15-07-2026, 16 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
16 days early
2024
31 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 2 accounts on average 24 days before the deadline. In the sector (NACE 16), the median for financial year 2024 was 3 days before the deadline, and 37% of those companies filed late.

raises risk · Administrative warnings in the KBO publications
The FPS Economy published 1 notice about the company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
UBO non-compliance
Searched, nothing found (1)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2025 -€1,989 View
  • Caution: Lower solvency than 87% of companies in wood and corksector median 40.7% · 660 companies -8.2% View
  • Caution: Board changedlatest change 02-01-2026 · 1 in office 1 joined · 1 left View

Recent changes

  1. · Gazette deed Registered office moved from Anderlecht to Watermael-Boitsfort
  2. · Gazette deed Resignation: De Visscher Julien (director)Appointment: Collin Perrine (director)
  3. · KBO administration UBO non-complianceevent 08-04-2024
All 7 events

Comparable companies

These companies have the same main activity as European Circular Industry: manufacture of other wood products (NACE 16281). They are comparable in size and age: total assets between €15,100 and €76,600, founded between 2021 and 2024.

CompanyTotal assetsGross margin
European Circular Industry Watermaal-Bosvoorde€24,356-€4,976
NEVER ANOTHER Sint-Lambrechts-Woluwe€23,427-€5,532
T(h)inkerFox Jurbise€42,040-€5,714
GRAIN Corp Gembloux€40,743-€3,035
ZEN GROUP Waremme€15,085-€1,442
ORIGIN design Jalhay€41,523-€18,927
ZAFI CYCLES Ottignies-Louvain-la-Neuve€76,595€3,940
Full comparison

Key facts about European Circular Industry

What is the company number of European Circular Industry?
The company number of European Circular Industry is 0803.723.786. The VAT number is the same number with BE in front: BE 0803.723.786.
Where is European Circular Industry based?
The registered office is at Terhulpsesteenweg 150, 1170 Watermaal-Bosvoorde.Company details
What does European Circular Industry do?
According to the KBO register, the main activity is manufacture of other wood products (NACE 16281).
What is the legal form of European Circular Industry?
The legal form of European Circular Industry is Private limited company (BV).
When was European Circular Industry founded?
European Circular Industry was founded on 07-07-2023.
Is European Circular Industry still active?
Yes, European Circular Industry is an active enterprise in the KBO register.
What is the turnover of European Circular Industry?
The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
Is European Circular Industry profitable?
In financial year 2025, European Circular Industry made a loss of €7,031.
Where can I find the annual accounts of European Circular Industry?
European Circular Industry filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of European Circular Industry due?
European Circular Industry must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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