Growing Circles
ActiveSummary
Growing Circles has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €52,767 and a net result of €29,812. Its solvency ranks better than 62% of 2067 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
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Signals
This company filed its last 2 accounts on average 26 days before the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
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Peer companies
Historical observationOf the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,275 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,767 | €7,645 | ▲ 333% |
| Other operating charges640/8 | - | €904 | - |
| Gross operating margin9900 | €29,108 | €48,193 | ▲ 65.6% |
| Operating profit (loss)9901 | €27,341 | €39,645 | ▲ 45.0% |
| Financial charges65/66B | €25 | €68 | ▲ 173% |
| Recurring financial charges65 | €25 | €68 | ▲ 173% |
| Profit (loss) for the period before taxes9903 | €27,316 | €39,576 | ▲ 44.9% |
| Income taxes67/77 | €7,770 | €9,764 | ▲ 25.7% |
| Profit (loss) for the period9904 | €19,547 | €29,812 | ▲ 52.5% |
| Profit (loss) for the period to be appropriated9905 | €19,547 | €29,812 | ▲ 52.5% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €71,695 | €90,632 | ▲ 26.4% |
| Fixed assets21/28 | €31,819 | €26,324 | ▼ 17.3% |
| Intangible fixed assets21 | - | €1,433 | - |
| Tangible fixed assets22/27 | €31,819 | €24,891 | ▼ 21.8% |
| Furniture and vehicles24 | €31,819 | €24,891 | ▼ 21.8% |
| Current assets29/58 | €39,876 | €64,309 | ▲ 61.3% |
| Amounts receivable within one year40/41 | €11,379 | €10,856 | ▼ 4.6% |
| Trade receivables40 | €11,379 | €8,120 | ▼ 28.6% |
| Other amounts receivable41 | - | €2,736 | - |
| Cash at bank and in hand54/58 | €28,451 | €52,420 | ▲ 84.2% |
| Deferred charges and accrued income490/1 | €45 | €1,032 | ▲ 2,181% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €71,695 | €90,632 | ▲ 26.4% |
| Equity10/15 | €23,788 | €52,767 | ▲ 122% |
| Contributions10/11 | €5,100 | €5,100 | = |
| Reserves13 | €18,000 | €47,000 | ▲ 161% |
| Distributable reserves133 | €18,000 | €47,000 | ▲ 161% |
| Profit (loss) carried forward14 | €688 | €667 | ▼ 3.0% |
| Amounts payable17/49 | €47,908 | €37,866 | ▼ 21.0% |
| Amounts payable within one year42/48 | €47,908 | €37,841 | ▼ 21.0% |
| Trade debts44 | €857 | €1,721 | ▲ 101% |
| Suppliers440/4 | €857 | €1,721 | ▲ 101% |
| Taxes, remuneration and social security45 | €13,216 | €7,311 | ▼ 44.7% |
| Taxes450/3 | €13,216 | €6,991 | ▼ 47.1% |
| Remuneration and social security454/9 | - | €320 | - |
| Other amounts payable47/48 | €33,835 | €28,809 | ▼ 14.9% |
| Accrued charges and deferred income492/3 | - | €25 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €19,547 | €29,812 | ▲ 52.5% |
| + Depreciation and write-downs630 | €1,767 | €7,645 | ▲ 333% |
| Operating cash flow (approximation) | €21,314 | €37,458 | ▲ 75.7% |
| Investment in fixed assets (approximation) | - | -€2,150 | - |
| Change in cash | - | €23,969 | - |
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
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24302G0183/00W012 | Flanders | 325 m² | 1 · 84 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Recognitions · licences · registrations
Legal Entity Identifier
Similar companies · same sector, comparable size
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.