Sircle
ActiveSummary
Sircle has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €154,397 and a net result of €41,155. Equity is growing by ~21.6% per year across the filed fiscal years. Its solvency ranks better than 29% of 2737 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+3
Solvency47▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity tight (current ratio 1.34 against 1.23 in 2024; short-term debt: 71.8% and cash: 6.9% of total assets), and 77.8% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
48 d late
2023
1 d early
2022
21 d early
2021
3 d early
2020
1 d early
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 3 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 30 October (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close30-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€154,397▼ 16.0%
2024 · €183,801
Total assets
€696,527▼ 20.4%
2024 · €875,149
Net result
€41,155▲ 25.1%
2024 · €32,905
Working capital
€171,423▲ 10.5%
2024 · €155,163
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€104,244€164,244▲ 57.6%€9,911▼ 94.0%€59,900▲ 504%€63,009▲ 5.2%
Net result€83,482above the sector's middle half€108,538within the sector's middle half▲ 30.0%€263within the sector's middle half▼ 99.8%€32,905within the sector's middle half▲ 12,409%€41,155within the sector's middle half▲ 25.1%
Equity€42,094within the sector's middle half€150,633within the sector's middle half▲ 258%€150,896within the sector's middle half▲ 0.2%€183,801within the sector's middle half▲ 21.8%€154,397within the sector's middle half▼ 16.0%
Total assets€553,829above the sector's middle half▲ 29.3%€973,684within the sector's middle half▲ 75.8%€879,127within the sector's middle half▼ 9.7%€875,149within the sector's middle half▼ 0.5%€696,527within the sector's middle half▼ 20.4%
Debt€511,735▲ 8.9%€823,052▲ 60.8%€728,231▼ 11.5%€691,349▼ 5.1%€542,129▼ 21.6%
Working capital€28,934within the sector's middle half€125,643within the sector's middle half▲ 334%€122,564within the sector's middle half▼ 2.5%€155,163within the sector's middle half▲ 26.6%€171,423within the sector's middle half▲ 10.5%
Solvency7.6%below the sector's middle half▲ 17.3pp15.5%below the sector's middle half▲ 7.9pp17.2%within the sector's middle half▲ 1.7pp21.0%within the sector's middle half▲ 3.8pp22.2%within the sector's middle half▲ 1.2pp
Current ratio1.06below the sector's middle half▲ 0.191.16within the sector's middle half▲ 0.101.17within the sector's middle half▲ 0.011.23within the sector's middle half▲ 0.051.34within the sector's middle half▲ 0.12
Return on assets (ROA)15.1%within the sector's middle half▲ 29.7pp11.1%within the sector's middle half▼ 3.9pp0.0%within the sector's middle half▼ 11.1pp3.8%within the sector's middle half▲ 3.7pp5.9%within the sector's middle half▲ 2.1pp
Staff (FTE)4.9▼ 19.7%4.1within the sector's middle half▼ 16.3%6.3within the sector's middle half▲ 53.7%4.6within the sector's middle half▼ 27.0%1.9within the sector's middle half▼ 58.7%
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 5% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €696,527
Fixed assets
€25,166 ▼ 34.0%
Current assets
€671,361 ▼ 19.8%
Equity and liabilities €696,527
Equity
€154,397 ▼ 16.0%
Debt
€542,129 ▼ 21.6%
Debt's share of the balance-sheet total falls from 79.0% to 77.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€77,165▲
2024 · €76,570
Cash flow
€55,311▲
2024 · €49,575
Debt to equity
3.51▼
2024 · 3.76
ROE
26.7%▲
2024 · 17.9%
Interest coverage
6.78▼
2024 · 8.77
Debt ≤ 1 year
€499,938▼
2024 · €681,855
Debt > 1 year
€42,191▲
2024 · €9,493
Income taxes
€10,546▼
2024 · €18,266
Staff costs
€218,446▼
2024 · €420,389
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.4%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,053 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €16,000 | - | - | €15,425 | - |
| Remuneration, social security and pensions62 | - | €324,252 | €431,520 | €420,389 | €218,446 | ▼ 48.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,491 | €14,882 | €16,667 | €16,669 | €14,156 | ▼ 15.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €195 | - | - | - |
| Other operating charges640/8 | - | €1,685 | €2,739 | €1,029 | €1,773 | ▲ 72.2% |
| Non-recurring operating charges66A | - | €16,000 | €2,079 | - | €2,325 | - |
| Gross operating margin9900 | €384,601 | €521,062 | €463,111 | €497,988 | €299,709 | ▼ 39.8% |
| Operating profit (loss)9901 | €104,244 | €164,244 | €9,911 | €59,900 | €63,009 | ▲ 5.2% |
| Financial income75/76B | - | €30 | €47 | - | €66 | - |
| Recurring financial income75 | €0 | €30 | €47 | - | €66 | - |
| Financial charges65/66B | - | €5,098 | €4,546 | €8,729 | €11,373 | ▲ 30.3% |
| Recurring financial charges65 | €4,787 | €5,098 | €4,546 | €8,729 | €11,373 | ▲ 30.3% |
| Profit (loss) for the period before taxes9903 | €99,458 | €159,176 | €5,411 | €51,172 | €51,702 | ▲ 1.0% |
| Income taxes67/77 | €15,976 | €50,637 | €5,148 | €18,266 | €10,546 | ▼ 42.3% |
| Profit (loss) for the period9904 | €83,482 | €108,538 | €263 | €32,905 | €41,155 | ▲ 25.1% |
| Profit (loss) for the period to be appropriated9905 | €83,482 | €108,538 | €263 | €32,905 | €41,155 | ▲ 25.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €553,829 | €973,684 | €879,127 | €875,149 | €696,527 | ▼ 20.4% |
| Fixed assets21/28 | €13,850 | €51,741 | €46,497 | €38,131 | €25,166 | ▼ 34.0% |
| Tangible fixed assets22/27 | €13,850 | €51,741 | €46,497 | €33,131 | €20,166 | ▼ 39.1% |
| Furniture and vehicles24 | - | €45,240 | €40,925 | €28,488 | €12,168 | ▼ 57.3% |
| Other tangible fixed assets26 | - | €6,501 | €5,572 | €4,644 | €7,997 | ▲ 72.2% |
| Financial fixed assets28 | - | - | - | €5,000 | €5,000 | = |
| Current assets29/58 | €539,979 | €921,943 | €832,629 | €837,018 | €671,361 | ▼ 19.8% |
| Amounts receivable within one year40/41 | €493,403 | €810,265 | €702,875 | €712,121 | €511,492 | ▼ 28.2% |
| Trade receivables40 | - | €809,208 | €701,382 | €710,627 | €509,679 | ▼ 28.3% |
| Other amounts receivable41 | - | €1,057 | €1,494 | €1,494 | €1,813 | ▲ 21.4% |
| Cash at bank and in hand54/58 | €30,348 | €80,025 | €70,549 | €66,788 | €48,202 | ▼ 27.8% |
| Deferred charges and accrued income490/1 | - | €31,653 | €59,204 | €58,110 | €111,667 | ▲ 92.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €553,829 | €973,684 | €879,127 | €875,149 | €696,527 | ▼ 20.4% |
| Equity10/15 | €42,094 | €150,633 | €150,896 | €183,801 | €154,397 | ▼ 16.0% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €51,860 | €51,860 | €51,860 | €51,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €50,000 | €50,000 | €51,860 | €51,860 | = |
| Profit (loss) carried forward14 | €21,634 | €80,173 | €80,436 | €113,341 | €83,937 | ▼ 25.9% |
| Amounts payable17/49 | €511,735 | €823,052 | €728,231 | €691,349 | €542,129 | ▼ 21.6% |
| Amounts payable after more than one year17 | - | €26,751 | €18,165 | €9,493 | €42,191 | ▲ 344% |
| Financial debts170/4 | - | €26,751 | €18,165 | €9,493 | €42,191 | ▲ 344% |
| Amounts payable within one year42/48 | €511,045 | €796,300 | €710,065 | €681,855 | €499,938 | ▼ 26.7% |
| Current portion of amounts payable after more than one year42 | - | €9,235 | €9,321 | €9,407 | €10,641 | ▲ 13.1% |
| Financial debts43 | - | €125,000 | €125,000 | €215,735 | €165,551 | ▼ 23.3% |
| Credit institutions430/8 | - | €125,000 | €125,000 | €215,735 | €165,551 | ▼ 23.3% |
| Trade debts44 | €299,658 | €555,594 | €484,990 | €392,163 | €260,184 | ▼ 33.7% |
| Suppliers440/4 | - | €555,594 | €484,990 | €392,163 | €260,184 | ▼ 33.7% |
| Taxes, remuneration and social security45 | - | €106,472 | €90,755 | €64,550 | €23,562 | ▼ 63.5% |
| Taxes450/3 | - | €61,662 | €32,408 | €39,216 | €23,314 | ▼ 40.5% |
| Remuneration and social security454/9 | - | €44,810 | €58,348 | €25,334 | €248 | ▼ 99.0% |
| Other amounts payable47/48 | - | - | - | - | €40,000 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €83,482 | €108,538 | €263 | €32,905 | €41,155 | ▲ 25.1% |
| + Depreciation and write-downs630 | €7,491 | €14,882 | €16,667 | €16,669 | €14,156 | ▼ 15.1% |
| Operating cash flow (approximation) | €90,973 | €123,420 | €16,930 | €49,575 | €55,311 | ▲ 11.6% |
| Investment in fixed assets (approximation) | - | -€52,773 | -€11,424 | -€8,303 | -€1,190 | ▲ 85.7% |
| Change in cash | - | €49,677 | -€9,476 | -€3,762 | -€18,586 | ▼ 394% |
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
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
18-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 48 days late
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Highest result since 2019net €108,538 ▲30%
Operating result €164,244, net result €108,538, both a record.
31-03
Financial
Equity above €150,000Eq €150,633 ▲258%
2 profitable years in a row build equity to €150,633.
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Back to profitnet €83,482
Net result €83,482 after one loss-making year.
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Weakest financial yearnet -€62,761
Net result drops to -€62,761, the lowest in the series; recovery starts the following year.
2019
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
09-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2010
Ground area
526 m²
Building footprint
315 m²
Volume, LiDAR
8,070 m³
Parcel 11809I2155/00P003, Flanders · tallest building 29.9 m, ±9 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
SiRCLE
since 20102.187.823.716
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11809I2155/00P003 | Flanders | 526 m² | 1 · 315 m² | 29.9 m · 9 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.
Subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 3,386 EUR awarded · 3,386 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 2,580 EUR |
| 2024 | 1 | 2,580 EUR | 0 EUR |
| 2022 | 1 | 806 EUR | 806 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
875500UFVGBSL6131O81
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Of 29,996 companies in sector 62200 we hold annual accounts for 18,397. 15,300 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-04-2010
Fiscal year end31-03
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0825366367
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.