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Le Cercle

Active
Non-profit associationfounded 1988active for 38 yearsRue du Centre 11, 5590 Ciney, BelgiumKBO/BCE: BE 0435.194.359
Summary

Le Cercle has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €71,561 and a net result of €6,322. Equity has been growing by about 14% per year since 2018. Its solvency ranks better than 37% of 699 sector peers (NACE 88, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 17-02-1988 Normal situation
Activity
Social work activities without accommodation NACE 88992
Establishment unit
2.196.529.663 5590 Ciney, since 01-01-2008
Financial year end
31 December
Peppol
Reachable since 07-10-2025

Financial position

94 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts 2025
Gross margin
€557,917
▼ 1.7%
Turnover
≈ €650,000
estimated
Surplus
€6,322
▼ 83.2%
Equity
€71,561
▲ 6.5%
Total assets
€262,056
▲ 1.9%
Staff
≈ 8.8 FTE
estimated
Filed on 17-06-2026, 44 days before the deadline
Score breakdownlowers riskLegal form: non-profit associationLiquidity: current ratio 2.57, cash €151,702Sector: Social work activities without accommodation (NACE 88)Size: total assets €262,056Show the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 51% of micro companies in social work without accommodation (NACE 88)
Financial strength · tick: 2024
Strong
Solvency 52+1
equity 27.3% of total assets
Liquidity 82+2
short-term debt 38.5% · cash 57.9%
Profitability 72-15
return on assets 2.4%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median < 0.1% (1,127 companies, NACE 88, micro)
Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025highest value 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value 11-2026: < 0.1%● unchanged vs 10-2026lowest value
Credit of up to €6,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.57 (2.32 in 2024), above the usual 1.5. Short-term debt is 38.5% and cash 57.9% of total assets. However, 72.7% of the assets are financed with debt and provisions.
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 88, micro). It does better than 34% of them on solvency, 71% on liquidity, 48% on profitability and 49% on growth.

The bankruptcy probability was computed on 01-11-2026 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.

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).

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Signals

Five signals.
lowers riskneutral
lowers risk · Legal form: non-profit association
KBO
lowers risk · Liquidity: current ratio 2.57, cash €151,702
NBB · annual accounts
lowers risk · Sector: Social work activities without accommodation (NACE 88)
KBO
lowers risk · Size: total assets €262,056
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
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 filings
Deviation from the deadline
2025
44 days early
2024
30 days early
2023
34 days early
2022
on the day
2021
24 days early
2020
12 days early
2019
25 days early
← 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 24 days before the deadline. In the sector (NACE 88), the median for financial year 2024 was 24 days before the deadline, and 25% 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 1 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: 5th oldest company in Ciney, Health and social work sectorin the Checked rankings No. 5 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Wallonia-Brussels supportpaid from 2021 to 2025 €1.8m View

Recent changes

  1. · Gazette deed Registered office moved within CineyResignation: Guy Vancraeynest (chair and director) · Appointment: Marie de Barquin (chair)
  2. · Gazette deed Resignation: Carine Gregoire (director)Appointments: Charlotte Guiot, Catherine Flasse and 3 others
All 14 events

Comparable companies

These companies have the same main activity as Le Cercle: social work activities without accommodation (NACE 88992). They are comparable in size and age: total assets between €246,000 and €412,000, founded between 1984 and 1995.

CompanyTotal assetsGross margin
Le Cercle Ciney€262,056€557,917
Canal-J Tournai€246,114€516,979
S.T.A.R. Service, Travail, Actions de Réparations Nivelles€292,213€520,205
SAMARCANDE Etterbeek€283,743€646,860
CENTRE D'ACCOMPAGNEMENT ET DE REINSERTION SOCIALE DES JEUNES EN DIFFICULTE Brussel€344,919€611,355
JEUNES 2000 Florennes€411,693€468,503
A L'ECOUTE DES JEUNES Waremme€358,122€550,712
Full comparison

Key facts about Le Cercle

What is the company number of Le Cercle?
The company number of Le Cercle is 0435.194.359. The VAT number is the same number with BE in front: BE 0435.194.359.
Where is Le Cercle based?
The registered office is at Rue du Centre 11, 5590 Ciney.Company details
What does Le Cercle do?
According to the KBO register, the main activity is social work activities without accommodation (NACE 88992).
What is the legal form of Le Cercle?
The legal form of Le Cercle is Non-profit association (VZW).
When was Le Cercle founded?
Le Cercle was founded on 17-02-1988.
Is Le Cercle still active?
Yes, Le Cercle is an active enterprise in the KBO register.
How many employees does Le Cercle have?
Le Cercle had an average of 6.7 full-time equivalents in financial year 2019, according to the filed annual accounts.Financials
What is the turnover of Le Cercle?
The turnover in financial year 2025 is ≈ €650,000. This figure is estimated from the gross margin of €557,917 and 30 comparable companies (NACE 889). It probably lies between €620,000 and €750,000.
Is Le Cercle profitable?
In financial year 2025, Le Cercle made a profit of €6,322.
Where can I find the annual accounts of Le Cercle?
Le Cercle filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Le Cercle due?
Le Cercle must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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