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Net Circular

Active Public limited companyfounded 2024active for 2 yearsGemeenschappenlaan 110, 1200 Woluwe-Saint-LambertKBO/BCE: BE 1007.693.705 subsidiary of NGAGE CONSULTING
Part of the group 39 companies

Lifetime

2 annual accounts with figures on one time axis
peak €248,400 (2025)
€248,400▲ 391%
peak €6,091 (2024)
€575▼ 90.6%
peak €106,666 (2025)
€106,666▲ 0.5%
€84,699▲ 54.4%
peak 2.7 FTE (2025)
2.7 FTE▲ 575%
Board9 names since 2024
5 directors and 4 others
Owners2 names in the annual accounts
100% and 1 other
Documentsfilings and deeds
29-04-202693 days before the deadline
2025financial year
Gross margin from €50,629 to €248,400Result from €6,091 to €575Staff from 0.4 FTE to 2.7 FTEDebts from €54,857 to €84,699Cash from €42,942 to €57,618

Key points

from the 2025 annual accounts

Staff

3 employees on 31-12-2025
212024202025

In 2025, 2 people joined and nobody left.

Position in the sector

€106,666

Less equity than 80% of companies in head offices and management consultancy. Sector median €1.1m · 3,873 companies.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 2,546 companies had the same profile as Net Circular has now. Each dot stands for 7 companies, two years later.

94.3%
were still trading
3.2%
stopped another way
2.3%
went bankrupt
  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet

Another 0.2% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 2,546 companies, not a prediction for Net Circular. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Managing director
Managing director,
Director, since 15-07-2025
Director, since 15-07-2025
Director, since 15-07-2025
LC
Auditor
  • 100%score equity €1.2m (2025) · deed of 18-08-2026
  • consolidatesequity €265.9m (2025) · annual accounts 2025
Board & ownership

Recent changes

Merger proposal: to be absorbed by NGAGE CONSULTING Permanent representatives: , , , and · NGAGE CONSULTING holds 100 shares (100%) · holds all the shares · Gazette deed
5 directors appointed, 5 resignations Resignations: , , , and · Appointments: , , , and · Director discharge: · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:1007693705
Incorporation Founding capital of €100,000, 100 shares · Founders: NGAGE CONSULTING, and · Appointments: (chair of the board), , , (managing director), (managing director) and Luc Callaert (statutory auditor) · published on 02-04-2024 · Gazette deed
All 7 events

Comparable companies

same main activity, similar in size and age
Company
Net Circular Woluwe-Saint-Lambert €191,365 €248,400 55.7% 2.7
IceLake Belgium Zaventem €175,047 €272,413 39.9% 2.2
DE BRANDT MANAGEMENT Lochristi €166,513 €219,477 -41.7% 1.7
THYRION RETAIL Cerfontaine €155,055 €218,732 16.1% 2.5
CAPERFORMANCE Binche €136,267 €178,197 14.6% 2.6
Conessence Engineering Ghent €131,156 €235,325 -2.6% 3
Knowledge Value Consulting Brussels €185,796 €139,946 10.2% 2.4

These companies have the same main activity as Net Circular: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €131,000 and €186,000, founded between 2022 and 2024.

Official details

Source: KBO
Status
Active since 28-03-2024Normal situation
Registered office
23 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 11 November 2026.
Activity
Business and other management consultancyNACE 70200
Establishment unit
2.357.756.6301200 Woluwe-Saint-Lambert, since 28-03-2024
Financial year end
31 December
Peppol
Reachable since 08-04-2024
Company details

Annual accounts 2025

≈ €400,000estimated
€191,365▲ 18.9%
Employeeson 31-12-2025
3▲ 200%
Filing
Filed on 29-04-2026, 93 days before the end of the filing period
Financials

Companies linked to Net Circular

Parent and group

Insights on Net Circular

Net Circular has existed since 2024. The present size dates from 2025. The gross margin rose that year from €50,629 to €248,400 and staff from 0.4 to 2.7 full-time equivalents.

Solvency fell in 2025 from 65.9% to 55.7%.

NGAGE CONSULTING holds all the shares. In July 2025, three directors stepped down. In April 2024, the Official Gazette published the appointment of as managing director.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about Net Circular

What is the company number of Net Circular?
The company number of Net Circular is 1007.693.705. The VAT number is the same number with BE in front: BE 1007.693.705.
Where is Net Circular based?
The registered office is at Gemeenschappenlaan 110, 1200 Woluwe-Saint-Lambert.Company details
What does Net Circular do?
According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
What is the legal form of Net Circular?
Net Circular is a public limited company (NV).
When was Net Circular founded?
Net Circular was founded on 28-03-2024.
Is Net Circular still active?
Yes, Net Circular is an active enterprise in the KBO register.
How many employees does Net Circular have?
Net Circular had an average of 2.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Net Circular?
The turnover in financial year 2025 is ≈ €400,000. This figure is estimated from the gross margin of €248,400 and 93 comparable companies (NACE 70200). It probably lies between €320,000 and €520,000.
Is Net Circular profitable?
In financial year 2025, Net Circular made a profit of €575.
Where can I find the annual accounts of Net Circular?
Net Circular filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Net Circular due?
Net Circular must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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