Full dossier in preparation
Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.
Process with priority
Sign in free to move this company to the front.
Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of Smart2Circle is 0.4% (very low). The 2024 annual accounts show equity of €211k and a net result of €171k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 68% of 74 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 6 annual accounts.
Signals
2 signals · with evidenceConsistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend Growing equity
Equity grew over 2022-2024. Profits are largely retained rather than distributed.
View the equity trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 12 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-07-2025, 2 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 6 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 29-07-2025 | 2 d early | 2025-00344556 |
| 31-12-2023 | 31-07-2024 | 29-07-2024 | 2 d early | 2024-00304853 |
| 31-12-2022 | 31-07-2023 | 22-08-2023 | 22 d late | 2023-00346202 |
| 31-12-2021 | 31-07-2022 | 12-07-2022 | 19 d early | 2022-20173790 |
| 31-12-2020 | 31-07-2021 | 30-08-2021 | 30 d late | 2021-57900454 |
| 31-12-2019 | 31-07-2020 | 25-09-2020 | 56 d late | 2020-55400346 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsMore than 3 years active
Founded in 2018, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.4%
Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector
−Higher-failure-rate region
+Young company
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€171k+162.6%
Working capital€190k+203.7%
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 29-07-2025 with the NBB · fiscal year 2024 · volledig
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile
Too volatile to project: the yearly deviation from the trend is ~300% of the level (threshold 35%). We therefore deliberately show no projection line.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 74 · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 48.9% | 29.0% | |
| Net result | €171k | €12k | |
| Equity | €211k | €53k | |
| Gross operating margin | €607k | €32k | |
| Staff costs | €345k | €296k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P68
Improving position over 2021-2024
· n=35-74
P81
Improving position over 2021-2024
· n=35-73
P71
Improving position over 2021-2024
· n=36-74
P90
Improving position over 2021-2024
· n=31-63
Describes the position versus peers, not a forecast.
€259k
+130.7%
19-24
€171k
+162.6%
19-24
€179k
+145.8%
19-24
€431k
+72.2%
19-24
€211k
+186.1%
19-24
€190k
+203.7%
19-24
6
+106.9%
19-24
€345k
+159.2%
19-24
€77k
+99.0%
19-24
€9k
-
19-24
€220k
+24.7%
19-24
€220k
+28.3%
19-24
€5k
-53.8%
19-24
1.86
+36.6%
19-24
1.86
+36.6%
19-24
48.9%
+66.1%
19-24
1.05
-56.4%
19-24
81.0%
-8.2%
19-24
39.6%
+52.5%
19-24
77.80
-30.2%
19-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | volledig |
| Revenue | - |
| EBITDA | €259k |
| Net profit | €171k |
| Cash flow | €179k |
| Staff costs | €345k |
| Income taxes | €77k |
| Dividends | €9k |
| Total assets | €431k |
| Equity | €211k |
| Debt | €220k |
| of which ≤ 1y | €220k |
| of which > 1y | - |
| Working capital | €190k |
| Employees (FTE) | 6.0 |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 1.86 |
| Quick ratio | 1.86 |
| Working capital ratio | 44.2% |
| Solvency | 48.9% |
| Debt / equity | 1.05 |
| Long-term debt ratio | - |
| Interest coverage | 77.80 |
| Gross margin | - |
| Net margin | - |
| ROA | 39.6% |
| ROE | 81.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €431k |
| Fixed assets | 21/28 | €20k |
| Intangible fixed assets | 21 | €3k |
| Tangible fixed assets | 22/27 | €12k |
| Financial fixed assets | 28 | €6k |
| Current assets | 29/58 | €411k |
| Amounts receivable within one year | 40/41 | €290k |
| Cash & bank | 54/58 | €101k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €431k |
| Equity | 10/15 | €211k |
| Contributions / capital | 10/11 | €6k |
| Reserves | 13 | €204k |
| Accumulated profits (losses) | 14 | €387 |
| Amounts payable | 17/49 | €220k |
| Amounts payable within one year | 42/48 | €220k |
| Trade debts payable within one year | 44 | €17k |
| Income statement | ||
| Gross operating margin | 9900 | €607k |
| Operating result | 9901 | €251k |
| Financial charges | 65 | €3k |
| Result before taxes | 9903 | €248k |
| Income taxes | 67/77 | €77k |
| Net result for the period | 9904 | €171k |
| Result to be appropriated | 9905 | €114k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed94
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Directors
Directors & mandates
3 directorsCurrent directors & mandates
-
FLN CONSULTLegal entityDirector· perm. rep.: FELLEN Stéphanie Nathalie YvetteState Gazette act 21375399 (20-12-2021)Current20-12-2021 → present
-
LABEXHELegal entityDirector· perm. rep.: LABALUE Pierre Alexandre Gabriel Philippe Charles AdolpheState Gazette act 21375399 (20-12-2021)Current20-12-2021 → present
Former directors (1)
-
Former31-01-2019 → 20-12-2021
2 events
- 20-12-2021 Resigned· Manager
- 31-01-2019 Appointed· Manager
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Overige activiteiten van vrije beroepen en andere wetenschappelijke en technische activiteiten, neg(74999) |
| Legal form | Private limited company(610) |
| Incorporation | 26-07-2018 |
| Status | Active |
| Postal code | 4020 |
Structure & network
Connections & network
17 connected companiesGroup structure
Sits on the board · 1 subsidiary · 1 location
Control→
Sits on the board · 1 subsidiary · 1 location
Control→
Network connections
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Ownership & control
2 partiesControl over this companysits on this company's board2
1 subsidiary · 1 location
1 subsidiary · 1 location
controls
Smart2CircleBE 0700.423.043
Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationSmart2Circle
since 20182.278.468.830
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area1.9 ha
Buildings1
Building footprint4,913 m²
Volume (LiDAR)40,305 m³
Tallest building16.3 m · ±3 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62817B0418/00G002 | Wallonia | 1.3 ha | 1 · 4,913 m² | 16.3 m · 3 fl. |
| 62814C0006/00G002 | Wallonia | 6,004 m² | - | - |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
8 acts Company purpose
La société a pour but principal de procurer à ses membres un avantage économique ou social, pour la satisfaction de leurs besoins professionnels ou privés et accessoirement à tiers intéressés. À cette fin, la société poursuit une finalité sociale et exerce ses activités dans le respect des principes coopératifs internationaux... Dans ce cadre, la société a pour objet : • l'éducation, la sensibilisation et la diffusion de connaissances relatives aux limites planétaires ; • l'édition, la production et la diffusion de contenus (podcasts, micro-learning, ouvrages, ateliers, publications, supports pédagogiques) ; • la vulgarisation scientifique et la création de ressources permettant aux citoyen.nes, aux pouvoirs publics et aux entreprises de comprendre et d'intégrer les limites planétaires dans leurs décisions ; • la mise à disposition de contenus pédagogiques à des partenaires technologiques ou institutionnels ; • la promotion d'un développement économique compatible avec les seuils biophysiques de la planète.
Per act of 01-07-2026
Capital history · 1
01-07-2026
Founding capital: amount: 40000.0, shares: 400 parts sociales d’une valeur nominale de cent euros (100,00 €) chacune, details: 50 parts de type A – “Parts Organisations solidaires du Vivant” ; 350 parts de type B – “Parts ordinaires”, currency: EUR
Address history · 4
06-05-2026
Seat change: new_address: Rue de Mulhouse 36 à 4020 Liège, old_address: Esplanade Simone Veil 1 à 4000 LIEGE, effective_date: 2026-01-02
24-05-2023
v3.2
12-02-2021
v3.2
06-02-2019
v3.2
All acts · 8
updated 1 month ago
2026
01-07-2026 Act object · Notarial deed · Incorporation · Founder
- Act object: CONSTITUTION · Planet is The Limit
- Publication: 01/07/2026 · Planet is The Limit
- Filing: 29-06-2026 · Planet is The Limit
- Notarial deed: 24 juin 2026 · Planet is The Limit
- Incorporation: 24 juin 2026 · Planet is The Limit
- Founder · DALIMIER Marie Catherine Paule
- Founder · BAR Loïc Jean Henri
- Founder · COLON Alison Marjorie Patricia
- Founder · ANTOINE Pauline Bénédicte Marie-Joseph Ghislaine
- Founder · GROSJEAN Stéphanie Hélène Sarah
- Founder · BEAUVOIS Véronique Emilienne Irène
- Founder · PROVOST Laurent Léon Léa
- Founder · GIELEN Sandrine Rose-Marie René Marthe
- Founder · CHRETIEN Maika
- Founder · SUSSFELD Jérôme Pierre David
- Founder · THRU Impact
- Founder · Smart2Circle
- Founder · Positive Impact Team
- Founder · Limia
- Founder · Zoïkos
- Purpose: La société a pour but principal de procurer à ses membres un avantage économique ou social, pour la satisfaction de leurs besoins professionnels ou privés et accessoirement à tiers intéressés. À cette fin, la société poursuit une finalité sociale et exerce ses activités dans le respect des principes coopératifs internationaux... Dans ce cadre, la société a pour objet : • l'éducation, la sensibilisation et la diffusion de connaissances relatives aux limites planétaires ; • l'édition, la production et la diffusion de contenus (podcasts, micro-learning, ouvrages, ateliers, publications, supports pédagogiques) ; • la vulgarisation scientifique et la création de ressources permettant aux citoyen.nes, aux pouvoirs publics et aux entreprises de comprendre et d'intégrer les limites planétaires dans leurs décisions ; • la mise à disposition de contenus pédagogiques à des partenaires technologiques ou institutionnels ; • la promotion d'un développement économique compatible avec les seuils biophysiques de la planète. · Planet is The Limit
- Founding capital: amount: 40000.0, shares: 400 parts sociales d’une valeur nominale de cent euros (100,00 €) chacune, details: 50 parts de type A – “Parts Organisations solidaires du Vivant” ; 350 parts de type B – “Parts ordinaires”, currency: EUR · Planet is The Limit
- Officer appointment: role: administrateur non statutaire, term: quatre ans, start_date: 2026-06-24 · DALIMIER Marie Catherine Paule
- Officer appointment: role: administrateur non statutaire, term: quatre ans, start_date: 2026-06-24 · BAR Loïc Jean Henri
- Officer appointment: role: administrateur non statutaire, term: quatre ans, start_date: 2026-06-24 · Limia
- Permanent representative · DUPONT Laurent
- Officer appointment: role: administrateur non statutaire, term: quatre ans, start_date: 2026-06-24 · THRU Impact
- Permanent representative · RULMONT Thomas
- Officer appointment: role: administrateur non statutaire, term: quatre ans, start_date: 2026-06-24 · GROSJEAN Stéphanie Hélène Sarah
- Officer appointment: role: administrateur non statutaire, term: quatre ans, start_date: 2026-06-24 · Zoïkos
- Permanent representative · CHRETIEN Maika
- Mandate compensation: gratuit · Planet is The Limit
- First fiscal year: end: 31-12-2026, start: 29-06-2026 · Planet is The Limit
- Power of attorney: mandataire ad hoc de la société, afin de disposer des fonds, de signer tous documents et de procéder aux formalités requises auprès de l’administration de la TVA ou en vue de l'inscription à la Banque carrefour des Entreprises
Summary:
Act object · Notarial deed · Incorporation · Founder
06-05-2026 Board meeting · Seat change · Power of attorney · Officer appointment
- Filing: 2026-03-30 · SMART2CIRCLE
- Publication: 2026-05-06 · SMART2CIRCLE
- Board meeting: 2026-02-26 · SMART2CIRCLE
- Seat change: new_address: Rue de Mulhouse 36 à 4020 Liège, old_address: Esplanade Simone Veil 1 à 4000 LIEGE, effective_date: 2026-01-02 · SMART2CIRCLE
- Power of attorney: date: 2026-02-26, scope: formalités prévues par le Code des Sociétés et Associations, aux formalités relatives aux dépôts auprès du greffe du tribunal de l'entreprise compétent et à la publication aux Annexes du Moniteur belge des décisions prises. De plus, l'assemblée générale charge la SRL VERDIN & ASSOCIES d'effectuer toutes autres formalités de publicités qui n'émaneraient pas du Code des Sociétés et Associations (registre UBO, eStox). · SMART2CIRCLE
- Officer appointment: role: Président - Administrateur, representative: Stéphanie FELLEN · FLN CONSULT SRL
- Officer appointment: role: Administrateur, representative: Pierre LABALUE · LABEXHE SRL
- Act object: Transfert siège social
Summary:
Board meeting · Seat change · Power of attorney · Officer appointment
2024
16-02-2024 Publication in the Belgian Official Gazette, Minor change
Summary:
v3.2
2023
24-05-2023 Registered office moved within LIEGE
2021
20-12-2021 2 directors appointed, 1 resigning
- FELLEN Stéphanie Nathalie Yvette, Bestuurder
- LABALUE Pierre Alexandre Gabriel Philippe Charles Adolphe, Bestuurder
- FELLEN Stéphanie, Zaakvoerder
Summary:
v3.2
12-02-2021 Registered office moved from LIEGE to Liège
2019
06-02-2019 Registered office moved within LIEGE
- Boulevard Piercot 44, 4000 LIEGE → rue Saint-Léonard 413, 4000 LIEGE
Summary:
v3.2
2018
30-07-2018 Incorporation of a new SNC
Summary:
oprichting
Analysis
Snowflake analysis
financial profile on 5 axes93
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
94
Profitability
100
Solvency
91
Growth
78
Stability
100
Ask AI about this company
Checked AISoon: ask questions about this dossier, risks, curator, sector comparison, answered from the official data on this page.
TryWhat are the main risks?Any recent red flags?Compare to sector peers
Coming soonAI due-diligence brief
Checked AIGenerate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Credit advice
verdict per customer and amountSimilar
Similar companies
Comparable size, same sectorBE 0750.549.871 · Pelt
BE 0787.736.901 · Huy
BE 0779.845.356 · Antwerpen
BE 0797.229.340 · Hasselt
BE 0768.766.471 · Herk-de-Stad
We hold annual accounts for 724 of the 4,558 companies in this sector. 514 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Ontwerpen en programmeren van computerprogramma's62010Ontwerpen van computerprogramma’s62100Overige gespecialiseerde wetenschappelijke en technische activiteiten74909Overige activiteiten van vrije beroepen en andere wetenschappelijke en technische activiteiten, neg74999Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220
Primary activity highlighted.
Names & trade names
| Legal nameFR | Smart2Circle |
Registered office
Rue de Mulhouse 36
4020 Liège, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.