Full Circle
ActiveSummary
Full Circle has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-289k) and a net result of €-61k. Equity is shrinking by ~20.4% per year across the filed fiscal years. Its solvency ranks better than 7% of 1201 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability21▼-48
Solvency0▼-4
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.34 against 0.65 in 2023; short-term debt: 14.3% and cash: 0% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 2024Solvency, return and age of the figures
Solvency
-32.1%
Return on assets
-6.7%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← 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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-289k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-02-2026, 203 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
203 d late
2023
562 d late
2022
333 d late
2021
129 d late
2020
94 d late
2019
138 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-61k▼ 3,059%
2023 · €-2k
Working capital
€-85k▼ 27.3%
2023 · €-66k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€-143k▼ 43.3%€-179k▼ 25.6%€-11k▲ 93.9%€3k€-63k
Net result€-140k▼ 40.0%€-171k▼ 22.0%€11k€-2k€-61k▼ 3,059%
Equity€-171k▼ 101%€-216k▼ 25.9%€-217k▼ 0.8%€-218k▼ 0.2%€-289k▼ 32.5%
Total assets€495k▲ 294%€949k▲ 91.6%€1.03M▲ 8.2%€1.03M▲ 0.5%€900k▼ 12.6%
Debt€667k▲ 216%€1.16M▲ 74.7%€1.24M▲ 6.8%€1.25M▲ 0.4%€1.19M▼ 4.8%
Working capital€-618k▼ 245%€-1.07M▼ 73.5%€-1.08M▼ 1.1%€-66k▲ 93.9%€-85k▼ 27.3%
Staff (FTE)35.4▲ 80.0%3.6▼ 33.3%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €63k after €3k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €900k
Fixed assets
€856k ▼ 5.7%
Current assets
€44k ▼ 63.8%
Key figures and ratios
EBITDA
€4k▼
2023 · €69k
Cash flow
€6k▼
2023 · €64k
Solvency
-32.1%▼
2023 · -21.1%
Current ratio
0.34▼
2023 · 0.65
Quick ratio
0.34▼
2023 · 0.64
Debt to equity
-4.12▲
2023 · -5.73
ROA
-6.7%▼
2023 · -0.2%
Interest coverage
1.27▼
2023 · 14.34
Debt ≤ 1 year
€129k▼
2023 · €189k
Debt > 1 year
€1.06M▼
2023 · €1.06M
Staff costs
€103k▲
2023 · €58k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €14k | - | - | €9k | - |
| Remuneration, social security and pensions62 | - | €942 | €14k | €58k | €103k | ▲ 78.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €49k | €65k | €66k | €66k | ▲ 0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €1k | - | - | - | - |
| Other operating charges640/8 | - | €0 | €1k | €1k | €19k | ▲ 1,630% |
| Gross operating margin9900 | €-111k | €-128k | €70k | €128k | €125k | ▼ 2.1% |
| Operating profit (loss)9901 | €-143k | €-179k | €-11k | €3k | €-63k | ▼ 1,894% |
| Financial income75/76B | - | €10k | €23k | - | €10k | - |
| Recurring financial income75 | €3k | €10k | €23k | - | €10k | - |
| Financial charges65/66B | - | €1k | €2k | €5k | €8k | ▲ 52.1% |
| Recurring financial charges65 | €173 | €1k | €2k | €5k | €3k | ▼ 39.4% |
| Non-recurring financial charges66B | - | - | - | €584 | €5k | ▲ 808% |
| Profit (loss) for the period before taxes9903 | €-140k | €-171k | €11k | €-2k | €-61k | ▼ 3,059% |
| Profit (loss) for the period9904 | €-140k | €-171k | €11k | €-2k | €-61k | ▼ 3,059% |
| Profit (loss) for the period to be appropriated9905 | €-140k | €-171k | €11k | €-2k | €-61k | ▼ 3,059% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €495k | €949k | €1.03M | €1.03M | €900k | ▼ 12.6% |
| Formation expenses20 | €527 | €264 | - | - | - | - |
| Fixed assets21/28 | €459k | €940k | €974k | €908k | €856k | ▼ 5.7% |
| Tangible fixed assets22/27 | €459k | €940k | €974k | €908k | €856k | ▼ 5.7% |
| Plant, machinery and equipment23 | - | €26k | €20k | €11k | €15k | ▲ 35.5% |
| Furniture and vehicles24 | - | €2k | €19k | €14k | €11k | ▼ 23.2% |
| Other tangible fixed assets26 | - | €912k | €935k | €883k | €830k | ▼ 6.0% |
| Current assets29/58 | €36k | €8k | €52k | €123k | €44k | ▼ 63.8% |
| Stocks and contracts in progress3 | - | - | €1k | €1k | €1k | = |
| Stocks30/36 | - | - | €1k | €1k | €1k | = |
| Amounts receivable within one year40/41 | €34k | €6k | €46k | €113k | €42k | ▼ 62.8% |
| Trade receivables40 | - | €6k | €46k | €113k | €42k | ▼ 62.8% |
| Other amounts receivable41 | - | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €2k | €2k | €5k | €8k | €405 | ▼ 95.1% |
| Deferred charges and accrued income490/1 | - | €191 | - | - | €628 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €495k | €949k | €1.03M | €1.03M | €900k | ▼ 12.6% |
| Equity10/15 | €-171k | €-216k | €-217k | €-218k | €-289k | ▼ 32.5% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-244k | €-415k | €-404k | €-407k | €-467k | ▼ 14.9% |
| Investment grants15 | - | €180k | €168k | €170k | €160k | ▼ 6.0% |
| Amounts payable17/49 | €667k | €1.16M | €1.24M | €1.25M | €1.19M | ▼ 4.8% |
| Amounts payable after more than one year17 | €13k | €83k | €107k | €1.06M | €1.06M | ▼ 0.2% |
| Financial debts170/4 | - | €70k | €94k | €70k | €67k | ▼ 4.3% |
| Other amounts payable178/9 | - | €13k | €13k | €989k | €990k | ▲ 0.1% |
| Amounts payable within one year42/48 | €654k | €1.08M | €1.14M | €189k | €129k | ▼ 31.8% |
| Trade debts44 | €43k | €175k | €186k | €123k | €79k | ▼ 35.8% |
| Suppliers440/4 | - | €175k | €186k | €123k | €79k | ▼ 35.8% |
| Taxes, remuneration and social security45 | - | €0 | €18k | €56k | €40k | ▼ 29.0% |
| Taxes450/3 | - | €0 | €17k | €40k | €23k | ▼ 42.0% |
| Remuneration and social security454/9 | - | €0 | €1k | €16k | €16k | ▲ 4.2% |
| Other amounts payable47/48 | - | €906k | €932k | €10k | €11k | ▲ 1.0% |
| Accrued charges and deferred income492/3 | - | €666 | - | €195 | €3k | ▲ 1,402% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-140k | €-171k | €11k | €-2k | €-61k | ▼ 3,059% |
| + Depreciation and write-downs630 | €17k | €49k | €65k | €66k | €66k | ▲ 0.9% |
| Operating cash flow (approximation) | €-123k | €-122k | €76k | €64k | €6k | ▼ 91.1% |
| Investment in fixed assets (approximation) | - | €-530k | €-98k | €37 | €-14k | ▼ 38,837% |
| Change in cash | - | €-289 | €3k | €4k | €-8k | ▼ 322% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
19-02
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 203 days late
13-02
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 562 days late
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 333 days late
2022
31-12
Financial
Back to profitnet €11k
Net result €11k after 4 loss-making years.
07-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 129 days late
2021
31-12
Financial
Weakest financial yearnet €-171k
Net result drops to €-171k, the lowest in the series; recovery starts the following year.
02-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 94 days late
2020
16-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 138 days late
2019
14-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 75 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Elsene · 1 establishment unit since 2018
Ground area
709 m²
Building footprint
639 m²
Volume, LiDAR
5,544 m³
Parcel 21444B0040/00N008, Brussels · tallest building 19.8 m, ±2 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
Full Circle
since 20182.276.467.561
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21444B0040/00N008 | Brussels | 709 m² | 1 · 639 m² | 19.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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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Of 24,515 companies in sector 82990 we hold annual accounts for 9,408. 5,272 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-04-2018
Fiscal year end31-12
Activities, NACEBEL 2025
82300Organisation of conventions and trade shows
82990Other business support services
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.