LE CERCLE
The computed 12-month bankruptcy probability of LE CERCLE is 0.6% (low). The 2022 annual accounts show equity of €668k and a net result of €-83k. Equity is growing by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 58% of 621 sector peers (fiscal year 2022). The company has been active since 1993 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
| Equity | €668k |
| Net result | €-83k |
| Staff (FTE) | 1.5 |
| Better than sector | 58% |
Mixed profile: strong on solvency, weaker on profitability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 49.5% | 42.2% | |
| Net result | €-83k | €29k | |
| Equity | €668k | €166k | |
| Gross operating margin | €-69k | €45k | |
| Staff costs | €50k | €181k |
| Fiscal year | 2022 |
|---|---|
| Revenue | - |
| EBITDA | €-83k |
| Net profit | €-83k |
| Cash flow | €-55k |
| Staff costs | €50k |
| Income taxes | - |
| Dividends | - |
| Total assets | €1.35M |
| Equity | €668k |
| Debt | €682k |
| of which ≤ 1y | €682k |
| of which > 1y | - |
| Working capital | €626k |
| Employees (FTE) | 1.5 |
| 2022 | |
|---|---|
| Current ratio | 1.92 |
| Quick ratio | 1.92 |
| Working capital ratio | 46.4% |
| Solvency | 49.5% |
| Debt / equity | 1.02 |
| Long-term debt ratio | - |
| Interest coverage | -291.56 |
| Gross margin | - |
| Net margin | - |
| ROA | -6.2% |
| ROE | -12.5% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2022 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €1.35M |
| Fixed assets | 21/28 | €42k |
| Tangible fixed assets | 22/27 | €40k |
| Financial fixed assets | 28 | €1k |
| Current assets | 29/58 | €1.31M |
| Amounts receivable within one year | 40/41 | €427k |
| Cash & bank | 54/58 | €85k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.35M |
| Equity | 10/15 | €668k |
| Contributions / capital | 10/11 | €31k |
| Reserves | 13 | €3k |
| Accumulated profits (losses) | 14 | €634k |
| Amounts payable | 17/49 | €682k |
| Amounts payable within one year | 42/48 | €682k |
| Trade debts payable within one year | 44 | €407k |
| Income statement | ||
| Gross operating margin | 9900 | €-69k |
| Operating result | 9901 | €-111k |
| Financial income | 75 | €28k |
| Financial charges | 65 | €284 |
| Result before taxes | 9903 | €-83k |
| Net result for the period | 9904 | €-83k |
| Result to be appropriated | 9905 | €-83k |
| NACE primary | Head offices & management consulting(70200) |
| Legal form | Public limited company(014) |
| Incorporation | 04-03-1993 |
| Status | Active |
| Postal code | - |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93006C0635/00T000 | Wallonia | 1,527 m² | 1 · 218 m² | - |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
10-02-2023 Capital increase of €30,513.31 to €61,500
- €30.986,69 → €61.500
Technical details
{
"events": [
{
"kind": "capital_increase",
"after_eur": 61500.0,
"delta_eur": 30513.31,
"before_eur": 30986.69,
"share_emission": {
"agio_eur": null,
"share_form": "no_nominal_value",
"share_class": null,
"n_new_shares": null,
"with_new_shares": false,
"nominal_value_eur": null,
"issue_price_per_share_eur": null
},
"decrease_purpose": null,
"contribution_type": "reserves_incorporation",
"paid_up_delta_eur": 30513.31,
"n_shares_destroyed": null,
"not_yet_called_eur": null,
"merger_new_shares_n": null,
"merger_exchange_ratio": null,
"distribution_amount_eur": null,
"statutory_unavailable_equity_op": "convert_to_apports_non_appeles"
}
],
"notary": {
"name": "Gr\u00E9goire DANDOY",
"firm_city": null,
"firm_name": null,
"office_city": "Couvin",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2023-02-10",
"filing_date": "2023-02-08",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "assembl\u00E9e_generale_extraordinaire",
"act_date": "2023-02-08",
"unanimous": true,
"under_authorized_capital": false,
"underlying_resolution_date": null
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0449.592.327",
"name_full": "LE CERCLE",
"legal_form": "Soci\u00E9t\u00E9 anonyme",
"is_foreign_registered": false
},
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"expedition",
"rapport du conseil d\u0027administration",
"statuts coordonn\u00E9s"
],
"shareholders_after": [],
"share_classes_after": [
{
"n_shares": 2500,
"class_name": "Gewone Aandelen",
"capital_share_eur": 61500.0,
"voting_rights_per_share": 1.0
}
]
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | LE CERCLE |
- 21-03-2025 Address struck