Turnover
≈ €47,000 estimated
The micro format states no turnover.
Second Circle
Overview
Lifetime
2 annual accounts with figures on one time axispeak €54,625 (2024)
€10,008▼ 81.7%
peak €42,628 (2024)
€9,189▼ 78.4%
peak €54,817 (2025)
€54,817▲ 20.1%
€14,878▲ 25.1%
Board1 name since 2023
1 directorChristopher SANDLER
Documentsfilings and deeds
23-07-20268 days before the deadline
2025micro format
Gross margin from €54,625 to €10,008Result from €42,628 to €9,189Equity from €45,628 to €54,817Debts from €11,894 to €14,878Cash from €14,651 to €4,283
Key points
from the 2025 annual accountsStarting capital
€3,000
Checked score
89
Excellent
Financially stronger than 56% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025highest value
06-2025: 0.4%● unchanged vs 05-2025highest value
07-2025: < 0.1%▼ -0.4 percentage points vs 06-2025lowest 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%▲ +0.1 percentage points vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2023
Liquidity: current ratio 4.68, cash €4,283, halved
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Figures for financial year 2025 (filed on 23-07-2026)
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 70, micro). It does better than 86% of them on solvency, 37% on liquidity, 34% on profitability and 67% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as Second Circle has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Second Circle itself is lower: 0.2% within 12 months. It rests on far more data about Second Circle than the profile alone.
Test of the method
The method was tested on the 497,447 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.
| 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 39,278 companies, not a prediction for Second Circle. 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
Credit of up to €4,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.68 (4.84 in 2024), above the usual 1.5. Short-term debt is 21.3% and cash 6.1% of total assets. 21.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 23-07-2026, 8 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
8 days early
2024
37 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 23 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% 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.
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Christopher SANDLER founderdeed of 04-12-2023
- Rachael Harrah DESZTICH founderdeed of 04-12-2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1002864489
Incorporation
Founding capital of €3,000 · Founders: Christopher SANDLER and Rachael Harrah DESZTICH · Appointment: Christopher SANDLER (director) · published on 04-12-2023 · Gazette deed
First establishment
Koning Albertstraat 34, Lint
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Second Circle Lint | €69,695 | €10,008 | 78.7% | - |
| YB PROJECTS Puurs-Sint-Amands | €83,909 | €10,028 | 34.4% | - |
| Apolyne Kapellen | €58,802 | €10,924 | 94.1% | - |
| Cabel Brasschaat | €59,898 | €11,698 | 90.2% | - |
| Watchtower Heist-op-den-Berg | €67,195 | €8,260 | 8.7% | - |
| Molenschot Consulting & Automotive Mol | €60,348 | €9,733 | 48.8% | - |
| DOMEIN VOORSCHOTEN Zandhoven | €78,328 | €10,245 | 4.9% | - |
These companies have the same main activity as Second Circle: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €58,800 and €83,900, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 30-11-2023Normal situation
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.352.746.7772547 Lint, since 30-11-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 06-12-2024
Annual accounts 2025
- €10,008▼ 81.7%
- €9,189▼ 78.4%
- €54,817▲ 20.1%
- €69,695▲ 21.2%
- Filing
- Filed on 23-07-2026, 8 days before the end of the filing period
Insights on Second Circle
Second Circle has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €54,817 and a net result of €9,189.
Its solvency ranks better than 76% of 39,360 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 23-07-2026, 8 days before the deadline€10,008
▼ 81.7%
€9,417
▼ 82.5%
€9,189
▼ 78.4%
€54,817
▲ 20.1%
78.7%
▼ 0.7 percentage points
4.68
▼ 0.15
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €47,000. Estimated: probably between €23,000 and €93,000.
Balance sheet
balance sheet total €69,695 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
78.7%
Higher than 76% of 39,360 companies in 2025.
4.68
Higher than 77% of 38,044 companies in 2025.
13.2%
Higher than 48% of 38,516 companies in 2025.
Second Circle
Middle half of the sector
80% of the sector
Micro accounts in head offices and management consultancy (NACE 70)
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
69,695 | 57,521 | |
29/58 |
69,695 | 57,521 | |
40/41 |
47,266 | 41,992 | |
40 |
8,266 | 61 | |
41 |
39,000 | 41,932 | |
54/58 |
4,283 | 14,651 | |
490/1 |
18,146 | 878 | |
| Balance sheet: equity and liabilities | |||
10/49 |
69,695 | 57,521 | |
10/15 |
54,817 | 45,628 | |
10/11 |
3,000 | 3,000 | |
13 |
51,817 | 42,628 | |
133 |
51,817 | 42,628 | |
17/49 |
14,878 | 11,894 | |
42/48 |
14,878 | 11,894 | |
44 |
1,021 | 755 | |
440/4 |
1,021 | 755 | |
45 |
13,857 | 11,138 | |
450/3 |
13,857 | 11,138 | |
| Income statement | |||
9900 |
10,008 | 54,625 | |
640/8 |
591 | 703 | |
9901 |
9,417 | 53,922 | |
75/76B |
2,510 | 218 | |
75 |
2,510 | 218 | |
65/66B |
57 | 374 | |
65 |
57 | 374 | |
9903 |
11,870 | 53,766 | |
67/77 |
2,681 | 11,138 | |
9904 |
9,189 | 42,628 | |
9905 |
9,189 | 42,628 | |
| Appropriation of the result | |||
9906 |
9,189 | 42,628 | |
691/2 |
9,189 | 42,628 | |
6921 |
9,189 | 42,628 | |
| Document | |||
The notes to these accounts have 2 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 23-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| -10,368 | - | ||
| 54,817 | 45,628 | ||
| 78.7% | 79.3% | ||
| 4.68 | 4.84 | ||
| 0.27 | 0.26 | ||
| 16.8% | 93.4% | ||
| 13.2% | 74.1% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on Second Circle
The operating result for 2025 is 83% lower than in 2024.
Debt's share of the balance-sheet total rises from 20.7% to 21.3%. Equity and debt are higher.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
appointed by deed of 04-12-2023
term without a fixed end
listed in the 2025 annual accounts, filed on 23-07-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 04-12-2023
Mandates through the years
1 name, the dashed line is todayChristopher SANDLER
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- Christopher SANDLER
- Director (not named in the articles), appointed by deed of 04-12-2023, still in office
Control
Founders
Christopher SANDLER, Rachael Harrah DESZTICH
This company
Second Circle
Equity €54,817
Profit €9,189 in 2025
Capital
- Contribution
- €3,000
- Source
- deed of 04-12-2023
Articles of association
deed of 04-12-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- 1 director
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Aandelen kunnen enkel worden overgedragen indien voorafgaandelijk door de andere aandeelhouders goedgekeurd, elke overdracht of overgang van…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Friday of June at 20:00
Founders
At incorporation
deed of 04-12-2023 ↗
- Christopher SANDLER founder
- Rachael Harrah DESZTICH founder
Network & group
No group
Second Circle has no parent and no holdings in its annual accounts. Christopher SANDLER is the only director. Second Circle shares no director with another company.
Timeline
Timeline
5 events since 2023Filings
Establishments
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 8 days before the deadline
2025
Annual accounts 2024 filed PDFmicro format · 37 days before the deadline
2024
Registered in the Peppol Directory Reachable for e-invoices through 0208:1002864489
2023
IncorporationFounding capital of €3,000 · Founders: Christopher SANDLER and Rachael Harrah DESZTICH · Appointment: Christopher SANDLER (director) · published on 04-12-20236 points ▸
- Founder, Christopher SANDLER (and shareholder)
- Founder, Rachael Harrah DESZTICH (and shareholder)
- Founding capital, euro 3.000
- Kind of shares, 100, 1
- Director appointment, Christopher SANDLER (director (not named in the articles))
- Power of attorney, Stephane Van Roosbroeck
- The deed holds 2 more points.
First establishment Koning Albertstraat 34, Lint
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 30 November 2023, Second Circle was incorporated as a private limited company by two natural persons, with a starting capital of €3,000.12 Christopher SANDLER is director of the company, appointed by deed of 04-12-2023.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Identity
- Enterprise number
- 1002.864.489
- VAT number
- BE 1002.864.489
- Peppol ID
- 0208:1002864489
- Other Peppol ID
- 9925:BE1002864489
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 30-11-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Friday of June at 20:00deed of 04-12-2023 (in Dutch)
- Peppol
- Reachable since 06-12-2024Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Second Circle in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 04-12-2023 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Koning Albertstraat 34, 2547 Lint”deed of 04-12-2023 (in Dutch)
Activities
NACEBEL 202570200
Business and other management consultancy main activity
Codes under NACEBEL 2008
70220
Business consulting main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het verlenen van diensten of prestaties op technisch,commercieel,juridisch en financieel gebied;onder meer het verstrekken van advies inzake…”deed of 04-12-2023 (in Dutch)
19 activities
- Het verlenen van diensten of prestaties op technisch,commercieel,juridisch en financieel gebied;onder meer het verstrekken van advies inzake bedrijfsbeheer,management en in het algemeen consultancy,dit alles in de breedste zin;
- Het verlenen van adviezen inzake marketing en productontwikkeling,het op de markt brengen van producten en alle diensten die daarmee betrekkingen hebben;
- Het organiseren,het ontwikkelen,het uitwerken,begeleiden,coördineren,ondersteunen en bedenken van evenementen,culturele en ontspanningsactiviteiten alsook campagnes,marketing en publiciteit,etc.voor bedrijven en particulieren;
- Ontwerpen van advertenties,ontwerpen en beheer van websites e.d.,e-commerce,…;
- Alle diensten op vlak van mediarepresentatie,voeren van reclame,promotiecampagnes,grafische vormgeving,branding en dergelijke via diverse media.Alsook het verlenen van advies en praktische hulp aan derden in verband met public relations en communicatie.Het ontwerpen van publicitaire teksten,artikels en slogans;
- Het verlenen van bijstand inzake management;
- Exploitatie van fitnesscentra en gymnastiekzalen,overige sportinstallaties en accommodaties;
- Organisatie en uitvoering van sportevenementen;
- Alle diverse activiteiten in verband met sportbeoefening;
- Voedingsconsulent;
- Sportief en medisch verantwoorde trainingen met krachtapparatuur;
- Sportprestatieverbetering,figuur- en houdingsverbetering;
- Algemene conditietraining,fitnesstraining;
- Revalidatietraining;
- Sportmedische tests,opstellen van trainingsschema’s;
- Het verlenen van diensten van acteur,artiest en kunstenaar binnen het kader van film,tv,radio,reclame,toneel en theater en dit alles in de meest ruime zin;
- Het bijstaan van artiesten,kunstenaar,schrijvers in hun werkzaamheden,de producing,management,marketing,publisching van artistieke personen en groepen van personen;
- De ontwikkeling en de productie van audiovisuele en literaire werken in de ruimste zin van het woord zoals onder meer:het schrijven van artikels,boeken,het uitbrengen van cd’s,…;
- Het innen van royalties,rechten en winstpremies;
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Koning Albertstraat 34 registered office 2547 Lint | 30-11-2023 | 2.352.746.777 |
Buildings and parcels at the address
- Ground area
- 351 m²
- Buildings
- 121 m²
- Volume, LiDAR
- 858 m³
- Tallest building
- 10.2 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11025D0148/00K000 | 351 m² | 1 · 121 m² | 10.2 m · 3 |