Equity
€19.9m ▼ 18.9%
CIRCET BELGIUM paid out €5.1m in dividends. That is 1,050% of the 2025 profit.
CIRCET BELGIUM
Lifetime
19 annual accounts with figures on one time axis, 20 filings since 2006peak €60.2m (2025)
€60.2m▲ 4.0%
lowest -€3.0m (2020)
€485,573▼ 74.8%
peak €24.5m (2024)
€19.9m▼ 18.9%
€12.9m▲ 14.6%
peak 365.9 FTE (2025)
365.9 FTE▲ 1.4%
Board19 names since 2008all names
3 directorsMANAGING ADMINISTRATION & CONSULTANCY SERVICES NV and 2 others
Owners9 names in the annual accountsall names
100%Circet Benelux and 1 other
Documentsfilings and deeds
22-06-202639 days before the deadline
2025financial year
Result from €1.9m to €485,573Powers of attorney: An Huybreghts, Tom Van der Aa and 14 others 08-10Dividend €5.1mEquity from €24.5m to €19.9m2 establishments registeredCash from €5.6m to €3.5m
Key points
from the 2025 annual accountsResult
€485,573 ▼ 74.8%
The result fell in 2025 from €1.9m to €485,573.
Staff
376 employees on 31-12-2025
In 2025, 94 people joined and 79 left. On top of that, 2 agency workers worked there on average.
Payment terms
88 days to suppliers
CIRCET BELGIUM pays its suppliers 16 days later than in 2024. Customers pay 4 days earlier.
Filings
20 annual accounts since 2006
The 2019 accounts came 53 days late. The other nine of the last ten were filed on time.
Position in the sector
€19.9m
More equity than 95% of companies in specialised construction. Sector median €459,014 · 2,463 companies.
Checked score
95
Excellent
Financially stronger than 59% of large companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 35 companies (NACE 43, large).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.2%▲ +0.1 percentage points vs 12-2024
02-2025: 0.1%▼ -0.1 percentage points vs 01-2025
03-2025: 0.2%▲ +0.1 percentage points vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025highest value
07-2025: < 0.1%▼ -0.2 percentage points vs 06-2025
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 01-2026lowest value
03-2026: < 0.1%● unchanged vs 02-2026lowest value
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: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
lowers risk
Founded in 2005
Size: turnover €60.2m, 365.9 FTE, total assets €32.7m
Equity €19.9m (60.6% of total assets)
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 43, large). It does better than 99% of them on solvency, 81% on liquidity, 28% on profitability and 25% on growth.
The bankruptcy probability was computed on 09-11-2026 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, 513 companies had the same profile as CIRCET BELGIUM has now. Each dot stands for 2 companies, two years later.
96.1%
were still trading
3.1%
stopped another way
0.8%
went bankrupt
That fits the bankruptcy probability of CIRCET BELGIUM itself: 0.1% within 12 months.
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 513 companies, not a prediction for CIRCET BELGIUM. 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 €1,850,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.14 (2.61 in 2024), above the usual 1.5. Short-term debt is 39.4% and cash 10.8% of total assets. 39.4% of the assets are financed with debt and provisions.
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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 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 days early
2024
48 days early
2023
29 days early
2022
31 days early
2021
45 days early
2020
22 days early
2019
53 days late
← 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 23 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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 22 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Circet Benelux 100%equity €165.3m (2025) · annual accounts 2025
- Circet Holding consolidatesannual accounts 2025
Recent changes
1 statutory auditor appointed, 3 directors reappointed
Reappointments: MACS NV, PLAN F BV and pbMAC BV · Appointment: Deloitte bedrijfsrevisoren BV (statutory auditor) · General meeting of 03-06-2025 · Gazette deed
Appointment: Deloitte bedrijfsrevisoren CVBA (statutory auditor)
Board meeting of 30-03-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CIRCET BELGIUM Beringen | €60.2m | 2.4% | 60.6% | 365.9 |
| UNIT-T CERTIFIED SERVICES Mechelen | €44.8m | 5.1% | 34.4% | 468 |
| JACOPS SUD Charleroi | €58.7m | 5.5% | 28.8% | 268.9 |
| VINCI Facilities Belgium Brussels | €94.6m | 6.5% | 16.5% | 458.4 |
| ELECTROTECHNIQUE ET MECANIQUE PUTMAN FRERES Anderlecht | €82.3m | 2.1% | 34.9% | 333.7 |
| CBRE GWS Belgium Machelen (Brab.) | €90.8m | 1.0% | 11.1% | 250.8 |
| NEWELEC Herstal | €56.8m | 3.4% | 28.7% | 236.1 |
Grey: the largest companies of the sector (specialised construction (NACE 43)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as CIRCET BELGIUM: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €16m and €61m, founded between 1985 and 2015.
Official details
Source: KBO- Status
- Active since 20-05-2005Normal situation
- Activity
- General electrical installation workNACE 43211and 2 others
- Joint committees
- 149.01Electricians: installation and distribution
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment units
- 2.147.270.0932550 Kontich, since 20-05-2005
- 2.334.225.4203583 Beringen, since 01-06-2021and 6 others
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €32.7m▼ 8.3%
- Employeeson 31-12-2025
- 376▲ 4.2%
- Filing
- Filed on 22-06-2026, 39 days before the end of the filing period
Insights on CIRCET BELGIUM
CIRCET BELGIUM has existed since 2005. The present size dates from 2023. Turnover rose that year from €19.9m to €58.3m and staff from 104 to 278.8 full-time equivalents. On 1 April 2023 a site was added.
Solvency fell in 2025 from 68.5% to 60.6% because of the dividend and higher debts to suppliers.
Circet Benelux holds all the shares.
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 CIRCET BELGIUM
- What is the company number of CIRCET BELGIUM?
- The company number of CIRCET BELGIUM is 0874.125.297. The VAT number is the same number with BE in front: BE 0874.125.297.
- Where is CIRCET BELGIUM based?
- The registered office is at Schoebroekstraat 62, 3583 Beringen.Company details
- What does CIRCET BELGIUM do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of CIRCET BELGIUM?
- CIRCET BELGIUM is a public limited company (NV).
- When was CIRCET BELGIUM founded?
- CIRCET BELGIUM was founded on 20-05-2005.
- Is CIRCET BELGIUM still active?
- Yes, CIRCET BELGIUM is an active enterprise in the KBO register.
- How many employees does CIRCET BELGIUM have?
- CIRCET BELGIUM had an average of 365.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does CIRCET BELGIUM fall under?
- In its 2025 annual accounts, CIRCET BELGIUM states joint committees 149.01 (Electricians: installation and distribution) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of CIRCET BELGIUM?
- The turnover of CIRCET BELGIUM was €60.2m in financial year 2025, according to the filed annual accounts.
- Is CIRCET BELGIUM profitable?
- In financial year 2025, CIRCET BELGIUM made a profit of €485,573.
- Where can I find the annual accounts of CIRCET BELGIUM?
- CIRCET BELGIUM filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CIRCET BELGIUM due?
- CIRCET BELGIUM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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