Net Circular
ActiveSummary
Net Circular has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €106,666 and a net result of €575. Its solvency ranks better than 52% of 3210 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability44▼-29
Solvency81▼-10
Growth52
Track record82
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.21 against 3.32 in 2024; short-term debt: 43.3% and cash: 30.1% of total assets), and 44.3% of the assets are financed with debt.
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Signals
Six 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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established 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
55.7%
Return on assets
0.3%
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 29-04-2026, 93 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
93 d early
2024
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 47 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€575▼ 90.6%
2024 · €6,091
Working capital
€100,593▼ 3.6%
2024 · €104,395
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Operating result€10,434-€6,775▼ 35.1%
Net result€6,091-€575▼ 90.6%
Equity€106,091-€106,666▲ 0.5%
Total assets€160,947-€191,365▲ 18.9%
Debt€54,857-€84,699▲ 54.4%
Working capital€104,395-€100,593▼ 3.6%
Staff (FTE)0.4-2.7▲ 575%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 35% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €191,365
Fixed assets
€7,819 ▼ 32.2%
Current assets
€183,546 ▲ 22.8%
Equity and liabilities €191,365
Equity
€106,666 ▲ 0.5%
Debt
€84,699 ▲ 54.4%
Debt's share of the balance-sheet total rises from 34.1% to 44.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€11,604▼
2024 · €12,992
Cash flow
€5,405▼
2024 · €8,649
Current ratio
2.21▼
2024 · 3.32
Debt to equity
0.79▲
2024 · 0.52
ROE
0.5%▼
2024 · 5.7%
ROA
0.3%▼
2024 · 3.8%
Interest coverage
3.01▼
2024 · 7.83
Debt ≤ 1 year
€82,953▲
2024 · €45,025
Income taxes
€2,370▼
2024 · €2,685
Staff costs
€234,037▲
2024 · €37,244
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Non-recurring operating income76A | €260 | €131 | ▼ 49.8% |
| Remuneration, social security and pensions62 | €37,244 | €234,037 | ▲ 528% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,558 | €4,830 | ▲ 88.8% |
| Other operating charges640/8 | €393 | €505 | ▲ 28.5% |
| Non-recurring operating charges66A | - | €2,253 | - |
| Gross operating margin9900 | €50,629 | €248,400 | ▲ 391% |
| Operating profit (loss)9901 | €10,434 | €6,775 | ▼ 35.1% |
| Financial income75/76B | €1 | €20 | ▲ 1,411% |
| Recurring financial income75 | €1 | €20 | ▲ 1,411% |
| Financial charges65/66B | €1,659 | €3,849 | ▲ 132% |
| Recurring financial charges65 | €1,659 | €3,849 | ▲ 132% |
| Profit (loss) for the period before taxes9903 | €8,776 | €2,946 | ▼ 66.4% |
| Income taxes67/77 | €2,685 | €2,370 | ▼ 11.7% |
| Profit (loss) for the period9904 | €6,091 | €575 | ▼ 90.6% |
| Profit (loss) for the period to be appropriated9905 | €6,091 | €575 | ▼ 90.6% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €160,947 | €191,365 | ▲ 18.9% |
| Fixed assets21/28 | €11,527 | €7,819 | ▼ 32.2% |
| Intangible fixed assets21 | €11,467 | €6,792 | ▼ 40.8% |
| Tangible fixed assets22/27 | - | €967 | - |
| Furniture and vehicles24 | - | €967 | - |
| Financial fixed assets28 | €60 | €60 | = |
| Current assets29/58 | €149,420 | €183,546 | ▲ 22.8% |
| Amounts receivable within one year40/41 | €103,807 | €123,680 | ▲ 19.1% |
| Trade receivables40 | €100,623 | €121,426 | ▲ 20.7% |
| Other amounts receivable41 | €3,184 | €2,255 | ▼ 29.2% |
| Cash at bank and in hand54/58 | €42,942 | €57,618 | ▲ 34.2% |
| Deferred charges and accrued income490/1 | €2,672 | €2,248 | ▼ 15.9% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €160,947 | €191,365 | ▲ 18.9% |
| Equity10/15 | €106,091 | €106,666 | ▲ 0.5% |
| Contributions10/11 | €100,000 | €100,000 | = |
| Capital10 | €100,000 | €100,000 | = |
| Issued capital100 | €100,000 | €100,000 | = |
| Reserves13 | €5,305 | €6,333 | ▲ 19.4% |
| Non-distributable reserves130/1 | €305 | €333 | ▲ 9.4% |
| Legal reserve130 | €305 | €333 | ▲ 9.4% |
| Distributable reserves133 | €5,000 | €6,000 | ▲ 20.0% |
| Profit (loss) carried forward14 | €786 | €333 | ▼ 57.7% |
| Amounts payable17/49 | €54,857 | €84,699 | ▲ 54.4% |
| Amounts payable within one year42/48 | €45,025 | €82,953 | ▲ 84.2% |
| Financial debts43 | - | €349 | - |
| Credit institutions430/8 | - | €349 | - |
| Trade debts44 | €38,617 | €27,471 | ▼ 28.9% |
| Suppliers440/4 | €38,617 | €27,471 | ▼ 28.9% |
| Taxes, remuneration and social security45 | €6,408 | €43,589 | ▲ 580% |
| Taxes450/3 | €4,456 | €9,150 | ▲ 105% |
| Remuneration and social security454/9 | €1,952 | €34,439 | ▲ 1,665% |
| Other amounts payable47/48 | - | €11,544 | - |
| Accrued charges and deferred income492/3 | €9,832 | €1,746 | ▼ 82.2% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €6,091 | €575 | ▼ 90.6% |
| + Depreciation and write-downs630 | €2,558 | €4,830 | ▲ 88.8% |
| Operating cash flow (approximation) | €8,649 | €5,405 | ▼ 37.5% |
| Investment in fixed assets (approximation) | - | -€1,122 | - |
| Change in cash | - | €14,676 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-08
State Gazette act
MiscellaneousPermanent representatives: Sven Leën, Gaëtan Mondet and 3 others · Merger · Declaration33 facts ▸
State Gazette act
Miscellaneous
Permanent representatives: Sven Leën, Gaëtan Mondet and 3 others · Merger · Declaration33 facts ▸
- Merger, fusion assimilée à la fusion par absorption, intégralité du patrimoine, les actifs et passifs
- Other statement, faire tout ce qui est en leur pouvoir pour réaliser cette fusion silencieuse, engagement des organes d'administration
- Declaration, 31-12-2025
- Declaration, neutralité fiscale, la fusion proposée est motivée par des considérations commerciales et qu’aucun motif fiscal ne sous-tend la restructuration proposée
- Declaration, droits d'enregistrement, EUR
- Declaration, unité TVA, les sociétés impliquées dans la fusion font partie d'une unité TVA
- Declaration, taxe de circulation, aucun matériel roulant soumis à la taxe de circulation et à la taxe de mise en circulation ne sera transféré par la Société à absorber NET…
- Capital, €100.000
- Shareholding, 100, 100
- Director in office, Luc De Muynck (director)
- Director in office, Jo Roseleth (director)
- Director in office, Joris VandenBerghe (director)
- +21 further facts in this act
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
State Gazette actNBB filing
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Lambrechts-Woluwe · 1 establishment unit since 2024
Ground area
4,169 m²
Building footprint
2,549 m²
Volume, LiDAR
56,435 m³
Parcel 21018A0151/00S000, Brussels · tallest building 27.7 m, ±8 floors. Linked by address, not a title deed.
23
companies at this address
See who is registered here
1 establishment unit
Net Circular
since 20242.357.756.630
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21018A0151/00S000 | Brussels | 4,169 m² | 1 · 2,549 m² | 27.7 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Articles of association
Who signs
Two directors jointly
Purpose
Le conseil en matière environnementale relative, notamment, à la décarbonisation et la transition énergétique des opérations et activités d’entreprises, de personnes privées ou…
Full purpose (7 activities)
- Le conseil en matière environnementale relative, notamment, à la décarbonisation et la transition énergétique des opérations et activités d’entreprises, de personnes privées ou publiques
- Le conseil en matière de préservation de l’environnement, de la biodiversité, d’optimisation des ressources et de gestion des déchets relative aux opérations et activités d’entreprises, de personnes privées ou publiques
- Le conseil en matière scientifique et économique, notamment, en matière d’économie circulaire
- Le conseil en ingénierie ou autres domaines spécialisés, scientifiques et techniques, en ce compris toutes activités de contrôle et analyse technique
- Le conseil en matière informatique et, notamment, la programmation informatique, l’installation de systèmes informatiques et leur gestion, la gestion et l’exploitation de données et matériel informatique
- Toutes les activités de conseil, de consultance, de formation, d’assistance, d’expertise technique et de services aux entreprises, personnes privées ou publiques, dans les domaines de la gestion, de la production et du développement d’opérations ou d’activités, ainsi que du processus de gestion des opérations ou des activités dans le sens le plus large
- La conception, le développement, l’implémentation de solutions et/ou applications techniques, ainsi que d’outils de gestion opérationnelle des activités ou opérations d’entreprises, de personnes privées ou publiques, dans tous les domaines précités
Other statement
Assemblée générale extraordinaire, au moins 6 semaines après son dépôt au greffe du Tribunal de l'entreprise Francophone de Bruxelles
1 more provision on this in the deed
Other provisions
Gert-Jan Van Der Gucht
Christophe Schits
Elien Rousseeuw
Floris De Meulder
Saskia Breuval
Yorick Vanderlinden
Bruno De Clercq
Rania El Jaouadi
Dominique Jaminet
Camille Houtave
Kaat Willems
Eline Roels
Marie Decloedt
Valira Baleci
Liesl Aegten
Eline Haekens
Anouk Van Tricht
1 more provision in the deed, see the deed of 18-08-2026
Structure & network
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:NGAGE CONSULTING
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 18-08-2026 ↗
- NGAGE CONSULTING (BE 0809.898.629)
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 18-08-2026 Capital stated in the act · 100,000 EUR · 100 shares
Recognitions · licences · registrations
Legal Entity Identifier
875500TMFCL42LDU9J92
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 40,710 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded28-03-2024
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:1007693705
Registered
08-04-2024
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.