Overdue debts
€54,460 on 31-12-2025
The annual accounts state €27,683 of overdue tax debts and €26,777 of overdue social security (RSZ) debts on 31-12-2025.
Full Circle
Lifetime
8 annual accounts with figures on one time axispeak €151,606 (2025)
€151,606▲ 21.1%
lowest -€170,877 (2021)
-€83,526▼ €22,843
peak €14,824 (2018)
-€382,412▼ €93,586
€1.2m▲ 0.9%
peak 5.4 FTE (2023)
4.8 FTE▲ 33.3%
Board4 names since 2018
4 directorsHILDITCH Louise and 3 others
Documentsfilings and deeds
16-10-202677 days late
2025abbreviated format
Gross margin from €125,241 to €151,606Loss of €83,526Staff from 3.6 FTE to 4.8 FTEEquity from -€288,826 to -€382,412
Key points
from the 2025 annual accountsEquity
-€382,412
Debts exceed assets in financial year 2025.
Losses
-€146,130 in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€1.2m 147% of the balance sheet
Financial debts 3%Suppliers 10%Taxes and wages 3%Other 83%
Of this, €172,539 falls due within a year.
Staff
4 employees on 31-12-2025
In 2025, 22 people joined and 22 left.
Filings
8 annual accounts 77 days
Latest accounts filed late: after the legal deadline.
Checked score
34
Weak
Financially stronger than 28% of micro companies in office administrative support (NACE 82)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
6.5% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 12,672 companies (NACE 82, micro).
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 5.2%lowest value
01-2025: 6.7%▲ +1.5 percentage points vs 12-2024
02-2025: 6.7%● unchanged vs 01-2025
03-2025: 6.8%▲ +0.1 percentage points vs 02-2025
04-2025: 6.2%▼ -0.6 percentage points vs 03-2025
05-2025: 6.2%● unchanged vs 04-2025
06-2025: 6.0%▼ -0.2 percentage points vs 05-2025
07-2025: 6.0%● unchanged vs 06-2025
08-2025: 7.5%▲ +1.5 percentage points vs 07-2025
09-2025: 7.5%● unchanged vs 08-2025
10-2025: 7.5%● unchanged vs 09-2025
11-2025: 7.5%● unchanged vs 10-2025
12-2025: 7.5%● unchanged vs 11-2025
01-2026: 7.5%● unchanged vs 12-2025
02-2026: 7.5%● unchanged vs 01-2026
03-2026: 6.9%▼ -0.6 percentage points vs 02-2026
04-2026: 6.9%● unchanged vs 03-2026
05-2026: 6.7%▼ -0.2 percentage points vs 04-2026
06-2026: 6.8%▲ +0.1 percentage points vs 05-2026
07-2026: 6.3%▼ -0.5 percentage points vs 06-2026
08-2026: 7.1%▲ +0.8 percentage points vs 07-2026
09-2026: 7.8%▲ +0.7 percentage points vs 08-2026highest value
10-2026: 6.5%▼ -1.3 percentage points vs 09-2026
11-2026: 6.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 77 days late; 3 of the last 3 accounts late
Liquidity: current ratio 0.08
Negative equity -€382,412
Loss of €83,526, the second in a row (financial year 2025)
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 82, micro). It does better than 5% of them on solvency, 80% on liquidity, 12% on profitability and 17% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 6,008 companies had the same profile as Full Circle has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Full Circle itself: 6.5% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,008 companies, not a prediction for Full Circle. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.08 (0.34 in 2024), below 1. Short-term debt is 21.1% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€382,412
raises risk · 2025 accounts filed 77 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-10-2026, 77 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 8 filingsDeviation from the deadline
2025
77 days late
2024
203 days late
2023
562 days late
2022
333 days late
2021
129 days late
2020
94 days late
2019
138 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 219 days after the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
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. The company usually files around 19 February (4 of the last 5 accounts filed within 130 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Reappointments: NATHANSON Bridie (director) and HILDITCH Louise (director)
General meeting of 26-12-2023 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0694676584
Registered-office move
Board meeting of 01-09-2018 · Gazette deed
Incorporation
Founders: NATHANSON Bridie Johanna and HILDITCH Louise Harriet · Founding capital of €18,550, 100 shares, €6,200 paid up · Appointments: HILDITCH Louise Harriet (manager) and NATHANSON Bridie Johanna (manager) · published on 16-04-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Full Circle Ixelles | €0.8m | €151,606 | -46.8% | 4.8 |
| The Mug Enghien Enghien | €0.8m | €222,079 | 9.7% | 4.8 |
| Tribes Brussel Central Station Brussels | €1.7m | €243,248 | -180.3% | 3.5 |
| Belgian Association of Marketing Brussels | €0.6m | €265,021 | 22.4% | 2.2 |
| EasyDay Group Anderlecht | €0.5m | €319,465 | 6.0% | 5.3 |
| BLACKFISK Ghent | €0.6m | €162,867 | 2.4% | 2.6 |
| JEALEX Esneux | €0.6m | €221,189 | 7.1% | 2.3 |
These companies have the same main activity as Full Circle: other business support services (NACE 82990). They are comparable in size and age: total assets between €516,000 and €1.7m, founded between 2015 and 2019.
Official details
Source: KBO- Status
- Active since 12-04-2018Normal situation
- Activity
- Other business support servicesNACE 82990and 2 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2024
- Establishment unit
- 2.276.467.5611050 Ixelles, since 12-04-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2020
Annual accounts 2025
- ≈ €230,000estimated
- €817,122▼ 9.3%
- Employeeson 31-12-2025
- 4=
- Filing
- Filed on 16-10-2026
Insights on Full Circle
Full Circle files the abbreviated format. That format states no turnover. The gross margin rose from -€1,858 in 2018 to €151,606 in 2025.
The balance sheet grew most from 2019 to 2021 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Full Circle
- What is the company number of Full Circle?
- The company number of Full Circle is 0694.676.584. The VAT number is the same number with BE in front: BE 0694.676.584.
- Where is Full Circle based?
- The registered office is at Vleurgatse Steenweg 89, 1050 Ixelles.Company details
- What does Full Circle do?
- According to the KBO register, the main activity is other business support services (NACE 82990).
- What is the legal form of Full Circle?
- Full Circle is a private limited company (BV).
- When was Full Circle founded?
- Full Circle was founded on 12-04-2018.
- Is Full Circle still active?
- Yes, Full Circle is an active enterprise in the KBO register.
- How many employees does Full Circle have?
- Full Circle had an average of 4.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Full Circle fall under?
- In its 2024 annual accounts, Full Circle states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of Full Circle?
- The turnover in financial year 2025 is ≈ €230,000. This figure is estimated from the gross margin of €151,606 and 31 comparable companies (NACE 82990). It probably lies between €180,000 and €320,000.
- Is Full Circle profitable?
- In financial year 2025, Full Circle made a loss of €83,526.
- Where can I find the annual accounts of Full Circle?
- Full Circle filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Full Circle due?
- Full Circle must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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