Le Cercle
ActiveLe Cercle has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €72k and a net result of €6k. Equity is growing by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 35% of 522 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▼-15
Solvency52▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.57 against 2.32 in 2024; short-term debt: 38.5% and cash: 57.9% of total assets), but 72.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 88
Relative position
BE, all sectors
reference
Sector 88
lower
← fewer bankruptcies
more bankruptcies →
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
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
27.3%
Return on assets
2.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-06-2026, 44 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
44 d early
2024
30 d early
2023
34 d early
2022
on the day
2021
24 d early
2020
12 d early
2019
25 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€6k▼ 83.2%
2024 · €38k
2018: €-9k
2019: €3k
2020: €5k
2021: €-2k
2022: €1k
2023: €1k
2024: €38k
2018 → 2025
Working capital
€159k▲ 11.0%
2024 · €143k
2018: €141k
2019: €93k
2020: €49k
2021: €81k
2022: €60k
2023: €77k
2024: €143k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€24k-€33k▲ 38.0%€32k▼ 3.0%€67k▲ 113%€72k▲ 6.5%
Operating result€-2k-€1k€1k▼ 4.5%€38k▲ 3,297%€6k▼ 83.0%
Net result€-2k-€1k€1k▼ 6.2%€38k▲ 3,633%€6k▼ 83.2%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 83% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €262k
Fixed assets
€2k▼ 59.7%
Current assets
€260k▲ 3.1%
Equity and liabilities €262k
Equity
€72k▲ 6.5%
Debt
€190k▲ 0.3%
The debt ratio falls from 73.9% to 72.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€9k▼
2024 · €40k
Cash flow
€9k▼
2024 · €40k
Solvency
27.3%▲
2024 · 26.1%
Current ratio
2.57▲
2024 · 2.32
Quick ratio
2.57▲
2024 · 2.32
Debt / equity
2.66▼
2024 · 2.83
ROE
8.8%▼
2024 · 55.9%
ROA
2.4%▼
2024 · 14.6%
Interest coverage
92.80▼
2024 · 379.18
Debt
€190k▲
2024 · €190k
Debt ≤ 1 year
€101k▼
2024 · €109k
Staff costs
€548k▲
2024 · €527k
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€257k€262k▲
Fixed assets21/28€5k€2k▼
Intangible fixed assets21€519-
Tangible fixed assets22/27€4k€2k▼
Furniture and vehicles24€4k€2k▼
Financial fixed assets28€425-
Current assets29/58€252k€260k▲
Amounts receivable within one year40/41€124k€102k▼
Other amounts receivable41€124k€102k▼
Cash at bank and in hand54/58€123k€152k▲
Deferred charges and accrued income490/1€6k€6k▲
Equity and liabilities
Total equity and liabilities10/49€257k€262k▲
Equity10/15€67k€72k▲
Profit (loss) carried forward14€63k€70k▲
Investment grants15€4k€2k▼
Amounts payable17/49€190k€190k▲
Amounts payable within one year42/48€109k€101k▼
Financial debts43-€300
Credit institutions430/8-€300
Trade debts44€7k€6k▼
Suppliers440/4€7k€6k▼
Taxes, remuneration and social security45€74k€71k▼
Taxes450/3€11k€11k▲
Remuneration and social security454/9€64k€60k▼
Accrued charges and deferred income492/3€81k€89k▲
Income statement
Code20242025
Non-recurring operating income76A€10€2▼
Remuneration, social security and pensions62€527k€548k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=
Other operating charges640/8€514€696▲
Non-recurring operating charges66A€33€20▼
Gross operating margin9900€568k€558k▼
Operating profit (loss)9901€38k€6k▼
Financial charges65/66B€106€96▼
Recurring financial charges65€106€96▼
Profit (loss) for the period before taxes9903€38k€6k▼
Profit (loss) for the period9904€38k€6k▼
Profit (loss) for the period to be appropriated9905€38k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€63k€70k▲
Profit (loss) brought forward from the previous period14P€26k€63k▲
The notes to these accounts (9 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
2026
17-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €38k ▲3633%
Operating result €38k, net result €38k, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Ciney · 1 establishment unit since 2008
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.
Rue du Centre 115590 CineyGround area
135 m²
Building footprint
87 m²
Parcel 91030A0482/00H000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Le Cercle
since 20082.196.529.663
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91030A0482/00H000 | Wallonia | 135 m² | 1 · 87 m² | - |
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.
Public money · subsidies and aid
Wallonia-Brussels Federation
2021 to 2025 · 45 entries · 1,778,901 EUR in total| Year | Entries | paid |
|---|---|---|
| 2025 | 22 | 468,870 EUR |
| 2024 | 8 | 501,393 EUR |
| 2023 | 10 | 472,635 EUR |
| 2022 | 2 | 320,143 EUR |
| 2021 | 3 | 15,859 EUR |
Budget allocations
Subventions aux services d'actions en milieu ouvert
Subventions aux services d’actions en milieu ouvert
Subventions visant à soutenir la mise en oeuvre d'actions portées par les services d'action en milieu ouvert (AMO)
Fonds budgétaire pour la réalisation de programmes d'actions ou de formation et de réinsertion professionnelles dans l'enseignementobligatoire de plein exercice, ordinaire et spécialisé, et l'enseignement en alternance
Soutien aux projets transversaux et locaux de promotion des droits culturels et de l'interculturalité
Show 4 more
Subventions aux actions de prévention spécialisée
Fonds budgétaire destiné à subventionner des actions et des mesures d'aide à la jeunesse et de protection de la jeunesse
Soutien aux projets transversaux et locaux de promotion des droits culturels et de l'interculturalité - Subventions pluriannuelles
Soutien aux secteurs de l'aide à la jeunesse
Similar companies · same sector, comparable size
AMO - Secteur d'Ath (Action en Milieuouvert pour le Secteur d'Ath)
BE 0457.610.564
Ath · Eq €73k
Latitude J
BE 0467.229.006
Herve · Eq €73k
AMO COLOR'ADOS
BE 0421.286.143
Braine-l'Alleud · Eq €75k
Service pluraliste d'Accompagnement et d'Insertion sociale pour personnes HAndicapées
BE 0440.552.521
Andenne · Eq €68k
Cliëntenforum
BE 0779.375.994
Brussel · Eq €76k
Of 258 companies in sector 88992 we hold annual accounts for 136. 82 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded17-02-1988
Fiscal year end31-12
Activities, NACEBEL
85323
88992Social work activities without accommodation
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.