FIRST CIRCLE
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 16-06-2026 at the NBB all 9 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€31,154▼ 11.6%
2024 · €35,230
Working capital
€101,971▼ 22.0%
2024 · €130,718
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €17,784, larger than the loss of €11,958 in 2024.
Operating result-€0.02m
2025
Net result€0.03m
2025
Total assets€10.8m
2025
Equity€10.8m
2025
Debt€0.006m
2025
Working capital€0.1m
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.02m--€0.02m▲ 21.4%-€0.03m▼ 94.3%-€0.03m▼ 5.8%-€0.01m▲ 69.7%-€0.01m▼ 8.3%-€0.01m▼ 6.9%-€0.02m▼ 48.7%
Net result€0.04m--€31.7m-€33.1m▼ 4.4%€0.02m€0.04m▲ 87.7%€0.04m▼ 7.5%€0.04m▼ 2.4%€0.03m▼ 11.6%
Equity€75.4m-€43.7m▼ 42.0%€10.6m▼ 75.7%€10.7m▲ 0.2%€10.7m▲ 0.4%€10.7m▲ 0.3%€10.8m▲ 0.3%€10.8m▲ 0.3%
Total assets€75.4m-€43.7m▼ 42.0%€10.6m▼ 75.7%€10.7m▲ 0.2%€10.7m▲ 0.4%€10.7m▲ 0.4%€10.8m▲ 0.2%€10.8m▲ 0.3%
Debt€0.009m-€0.002m▼ 80.0%€0.004m▲ 101%€0.005m▲ 25.5%€0.009m▲ 90.2%€0.01m▲ 20.4%€0.001m▼ 93.5%€0.006m▲ 759%
Working capital€0.05m-€0.09m▲ 85.0%€0.1m▲ 27.2%€0.1m▲ 17.6%€0.2m▲ 27.8%€0.2m▼ 13.3%€0.1m▼ 15.9%€0.1m▼ 22.0%
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.8m
Fixed assets
€10.7m ▲ 0.6%
Current assets
€107,948 ▼ 17.9%
Equity and liabilities €10.8m
Equity
€10.8m ▲ 0.3%
Debt
€5,977 ▲ 759%
Debt's share of the balance-sheet total stays at 0.1%.
Key figures and ratios
Current ratio
18.06
Debt to equity
0.00▲
2024 · 0.00
ROE
0.3%▼
2024 · 0.3%
ROA
0.3%▼
2024 · 0.3%
Debt ≤ 1 year
€5,977▲
2024 · €696
Income taxes
€10,500▼
2024 · €12,000
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | - | - | €150 | €0.001m | €0.001m | ▲ 3.2% |
| Gross operating margin9900 | -€0.02m | -€0.02m | -€0.03m | -€0.03m | -€0.01m | -€0.01m | -€0.01m | -€0.02m | ▼ 52.7% |
| Operating profit (loss)9901 | -€0.02m | -€0.02m | -€0.03m | -€0.03m | -€0.01m | -€0.01m | -€0.01m | -€0.02m | ▼ 48.7% |
| Financial income75/76B | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Recurring financial income75 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Financial charges65/66B | - | - | - | €392 | €286 | €446 | €0.001m | €463 | ▼ 35.1% |
| Recurring financial charges65 | €170 | €251 | €188 | €392 | €286 | €446 | €0.001m | €463 | ▼ 35.1% |
| Profit (loss) for the period before taxes9903 | €0.04m | -€31.7m | -€33.1m | €0.03m | €0.05m | €0.05m | €0.05m | €0.04m | ▼ 11.8% |
| Income taxes67/77 | - | - | €0.002m | €0.005m | €0.01m | €0.01m | €0.01m | €0.01m | ▼ 12.5% |
| Profit (loss) for the period9904 | €0.04m | -€31.7m | -€33.1m | €0.02m | €0.04m | €0.04m | €0.04m | €0.03m | ▼ 11.6% |
| Profit (loss) for the period to be appropriated9905 | €0.04m | -€31.7m | -€33.1m | €0.02m | €0.04m | €0.04m | €0.04m | €0.03m | ▼ 11.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €75.4m | €43.7m | €10.6m | €10.7m | €10.7m | €10.7m | €10.8m | €10.8m | ▲ 0.3% |
| Fixed assets21/28 | €75.3m | €43.6m | €10.5m | €10.5m | €10.5m | €10.6m | €10.6m | €10.7m | ▲ 0.6% |
| Financial fixed assets28 | €75.3m | €43.6m | €10.5m | €10.5m | €10.5m | €10.6m | €10.6m | €10.7m | ▲ 0.6% |
| Current assets29/58 | €0.06m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 17.9% |
| Amounts receivable within one year40/41 | - | - | €0.002m | €0.002m | - | - | - | €0.002m | - |
| Trade receivables40 | - | - | - | - | - | - | - | €0.002m | - |
| Other amounts receivable41 | - | - | - | €0.002m | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.06m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 19.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €75.4m | €43.7m | €10.6m | €10.7m | €10.7m | €10.7m | €10.8m | €10.8m | ▲ 0.3% |
| Equity10/15 | €75.4m | €43.7m | €10.6m | €10.7m | €10.7m | €10.7m | €10.8m | €10.8m | ▲ 0.3% |
| Contributions10/11 | €75.3m | €75.3m | - | €75.3m | €75.3m | €75.3m | €75.3m | €75.3m | = |
| Reserves13 | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | = |
| Non-distributable reserves130/1 | - | - | - | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | = |
| Reserves not available under the articles1311 | - | - | - | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | = |
| Profit (loss) carried forward14 | €0.07m | -€31.6m | -€64.7m | -€64.7m | -€64.6m | -€64.6m | -€64.6m | -€64.5m | = |
| Amounts payable17/49 | €0.009m | €0.002m | €0.004m | €0.005m | €0.009m | €0.01m | €0.001m | €0.006m | ▲ 759% |
| Amounts payable within one year42/48 | €0.009m | €0.002m | €0.004m | €0.005m | €0.009m | €0.01m | €0.001m | €0.006m | ▲ 759% |
| Trade debts44 | €0.009m | €0.002m | €0.004m | €0.002m | €420 | €175 | €0.001m | €0.006m | ▲ 759% |
| Suppliers440/4 | - | - | - | €0.002m | €420 | €175 | €0.001m | €0.006m | ▲ 759% |
| Taxes, remuneration and social security45 | - | - | - | €0.002m | €0.008m | €0.01m | - | - | - |
| Taxes450/3 | - | - | - | €0.002m | €0.008m | €0.01m | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €41 | €26 | €36 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.04m | -€31.7m | -€33.1m | €0.02m | €0.04m | €0.04m | €0.04m | €0.03m | ▼ 11.6% |
| Operating cash flow (approximation) | €0.04m | -€31.7m | -€33.1m | €0.02m | €0.04m | €0.04m | €0.04m | €0.03m | ▼ 11.6% |
| Investment in fixed assets (approximation) | - | €31.7m | €33.1m | €164 | €0 | -€0.06m | -€0.06m | -€0.06m | = |
| Change in cash | - | €0.04m | €0.03m | €0.02m | €0.05m | -€0.02m | -€0.03m | -€0.02m | ▲ 27.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 16-06-2026 | 2026-00164803 | NBB |
| 31-12-2024 | full format | 19-05-2025 | 2025-00099423 | |
| 31-12-2023 | micro format | 17-06-2024 | 2024-00134325 | |
| 31-12-2022 | micro format | 05-06-2023 | 2023-00109664 | |
| 31-12-2021 | micro format | 07-07-2022 | 2022-20171816 | |
| 31-12-2020 | micro format | 20-08-2021 | 2021-51900231 | |
| 31-12-2019 | micro format | 18-06-2020 | 2020-18200547 | |
| 31-12-2018 | micro format | 27-06-2019 | 2019-24400411 | |
| 31-12-2017 | micro format | 22-08-2018 | 2018-48500233 |