LA CIRCULAIRE
ActiveLA CIRCULAIRE has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.09M and a net result of €265k. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 26% of 3163 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability34▲+15
Solvency50▼-1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180k at 30 days acceptable
Liquidity ample (current ratio 2.76 against 2.16 in 2024; short-term debt: 20.5% and cash: 6.5% of total assets), but 74.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
25.5%
Return on assets
2.2%
Age of the figures
18 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 21-10-2025, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 d early
2024
2 d early
2023
30 d late
2022
16 d late
2021
22 d late
2020
18 d late
2019
2 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close17-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€265k
2024 · €-162k
2019: €-79k
2020: €-142k
2021: €9k
2022: €-97k
2023: €666k
2024: €-162k
2019 → 2025
Working capital
€4.40M▲ 31.4%
2024 · €3.34M
2019: €4.44M
2020: €4.07M
2021: €3.59M
2022: €3.33M
2023: €3.29M
2024: €3.34M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.60M-€2.50M▼ 3.7%€3.17M▲ 26.6%€3.01M▼ 5.1%€3.09M▲ 2.9%
Operating result€-80k-€-130k▼ 62.7%€-101k▲ 21.9%€-92k▲ 9.2%€230k
Net result€9k-€-97k€666k€-162k€265k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €230k after a loss of €92k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12.15M
Fixed assets
€5.26M▼ 5.4%
Current assets
€6.89M▲ 10.8%
Equity and liabilities €12.15M
Equity
€3.09M▲ 2.9%
Debt
€9.06M▲ 3.2%
The debt ratio rises from 74.5% to 74.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€443k▲
2024 · €81k
Cash flow
€478k▲
2024 · €10k
Solvency
25.5%▼
2024 · 25.5%
Current ratio
2.76▲
2024 · 2.16
Quick ratio
2.76▲
2024 · 2.16
Debt / equity
2.93▲
2024 · 2.92
ROE
8.6%▲
2024 · -5.4%
ROA
2.2%▲
2024 · -1.4%
Interest coverage
1.48▲
2024 · 0.24
Debt
€9.06M▲
2024 · €8.77M
Debt ≤ 1 year
€2.49M▼
2024 · €2.87M
Debt > 1 year
€6.56M▲
2024 · €5.90M
Income taxes
€298▲
2024 · €132
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€11.78M€12.15M▲
Fixed assets21/28€5.56M€5.26M▼
Tangible fixed assets22/27€3.60M€3.30M▼
Land and buildings22€3.50M€3.24M▼
Furniture and vehicles24€23k€1k▼
Other tangible fixed assets26€81k€57k▼
Financial fixed assets28€1.96M€1.96M=
Current assets29/58€6.22M€6.89M▲
Amounts receivable within one year40/41€3.51M€3.62M▲
Trade receivables40€4k€92k▲
Other amounts receivable41€3.51M€3.53M▲
Current investments50/53€1.68M€2.43M▲
Cash at bank and in hand54/58€958k€789k▼
Deferred charges and accrued income490/1€77k€49k▼
Equity and liabilities
Total equity and liabilities10/49€11.78M€12.15M▲
Equity10/15€3.01M€3.09M▲
Contributions10/11€3.50M€3.50M=
Revaluation surpluses12€305k€127k▼
Profit (loss) carried forward14€-799k€-534k▲
Amounts payable17/49€8.77M€9.06M▲
Amounts payable after more than one year17€5.90M€6.56M▲
Financial debts170/4€5.90M€6.55M▲
Other amounts payable178/9-€12k
Amounts payable within one year42/48€2.87M€2.49M▼
Current portion of amounts payable after more than one year42€2.38M€1.81M▼
Trade debts44€930€89k▲
Suppliers440/4€930€89k▲
Taxes, remuneration and social security45€2k-
Taxes450/3€2k-
Other amounts payable47/48€489k€593k▲
Accrued charges and deferred income492/3-€6k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€172k€213k▲
Other operating charges640/8€19k€24k▲
Gross operating margin9900€99k€466k▲
Operating profit (loss)9901€-92k€230k▲
Financial income75/76B€262k€336k▲
Recurring financial income75€262k€336k▲
Financial charges65/66B€332k€300k▼
Recurring financial charges65€332k€300k▼
Profit (loss) for the period before taxes9903€-162k€265k▲
Income taxes67/77€132€298▲
Profit (loss) for the period9904€-162k€265k▲
Profit (loss) for the period to be appropriated9905€-162k€265k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-799k€-534k▲
Profit (loss) brought forward from the previous period14P€-637k€-799k▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
21-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
31-03
Financial
Back to profitnet €265k
Net result €265k after one loss-making year.
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
31-03
Financial
Weakest financial yearnet €-162k ▼124%
Net result drops to €-162k, the lowest in the series; recovery starts the following year.
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
31-03
Financial
Back to profitnet €666k
Net result €666k after one loss-making year.
2022
16-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 16 days late
2021
22-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
31-03
Financial
Back to profitnet €9k
Net result €9k after 2 loss-making years.
2020
18-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2019
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
21-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Ukkel · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ringlaan 1501180 UkkelGround area
119 m²
Building footprint
119 m²
Volume, LiDAR
1,310 m³
Parcel 21612D0025/00Z008, Brussels · tallest building 20.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
LA CIRCULAIRE
since 20102.189.254.564
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612D0025/00Z008 | Brussels | 119 m² | 1 · 119 m² | 20.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
967600GWS4SR140CUF19
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Of 82,524 companies in sector 70200 we hold annual accounts for 52,566. 15,541 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-05-2010
Fiscal year end31-03
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.