THE CIRCLE GROUP
ActiveTHE CIRCLE GROUP has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €435k and a net result of €54k. Equity is growing by ~146.8% per year across the filed fiscal years. Its solvency ranks better than 64% of 14056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability52▼-16
Solvency73▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity short (current ratio 0.37 against 0.45 in 2024; short-term debt: 14% and cash: 3.8% of total assets), and 52.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
47.9%
Return on assets
6%
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 28-07-2026, 3 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
3 d early
2024
26 d late
2023
39 d early
2022
30 d late
2021
30 d late
2020
40 d early
2019
31 d early
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€435k▲ 14.2%
2024 · €381k
2019: €3k
2020: €13k
2021: €20k
2022: €81k
2023: €270k
2024: €381k
2019 → 2025
Total assets
€908k▼ 0.2%
2024 · €910k
2019: €3k
2020: €866k
2021: €877k
2022: €883k
2023: €891k
2024: €910k
2019 → 2025
Net result
€54k▼ 50.9%
2024 · €110k
2019: €-4k
2020: €11k
2021: €6k
2022: €62k
2023: €265k
2024: €110k
2019 → 2025
Working capital
€-80k▼ 32.7%
2024 · €-60k
2019: €3k
2020: €-76k
2021: €-67k
2022: €-85k
2023: €-79k
2024: €-60k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€20k-€81k▲ 316%€270k▲ 233%€381k▲ 40.8%€435k▲ 14.2%
Operating result€21k-€95k▲ 350%€106k▲ 10.6%€101k▼ 3.9%€95k▼ 6.7%
Net result€6k-€62k▲ 899%€265k▲ 329%€110k▼ 58.4%€54k▼ 50.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €908k
Fixed assets
€860k=
Current assets
€48k▼ 4.5%
Equity and liabilities €908k
Equity
€435k▲ 14.2%
Debt
€473k▼ 10.6%
The debt ratio falls from 58.2% to 52.1%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
47.9%▲
2024 · 41.8%
Current ratio
0.37▼
2024 · 0.45
Quick ratio
0.37▼
2024 · 0.45
Debt / equity
1.09▼
2024 · 1.39
ROE
12.5%▼
2024 · 29.0%
ROA
6.0%▼
2024 · 12.1%
Debt
€473k▼
2024 · €529k
Debt ≤ 1 year
€127k▲
2024 · €110k
Debt > 1 year
€333k▼
2024 · €412k
Income taxes
€18k▼
2024 · €23k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€910k€908k▼
Fixed assets21/28€860k€860k=
Financial fixed assets28€860k€860k=
Current assets29/58€50k€48k▼
Amounts receivable within one year40/41€25k€13k▼
Trade receivables40€25k€11k▼
Other amounts receivable41€882€2k▲
Cash at bank and in hand54/58€23k€35k▲
Deferred charges and accrued income490/1€1k-
Equity and liabilities
Total equity and liabilities10/49€910k€908k▼
Equity10/15€381k€435k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€362k€416k▲
Amounts payable17/49€529k€473k▼
Amounts payable after more than one year17€412k€333k▼
Financial debts170/4€412k€333k▼
Amounts payable within one year42/48€110k€127k▲
Current portion of amounts payable after more than one year42€79k€96k▲
Trade debts44€968€1k▲
Suppliers440/4€968€1k▲
Taxes, remuneration and social security45€29k€29k▼
Taxes450/3€29k€29k▼
Other amounts payable47/48€2k€2k=
Accrued charges and deferred income492/3€7k€13k▲
Income statement
Code20242025
Other operating charges640/8€1k€1k▲
Gross operating margin9900€103k€96k▼
Operating profit (loss)9901€101k€95k▼
Financial income75/76B€50k-
Recurring financial income75€50k-
Financial charges65/66B€19k€22k▲
Recurring financial charges65€19k€22k▲
Profit (loss) for the period before taxes9903€133k€72k▼
Income taxes67/77€23k€18k▼
Profit (loss) for the period9904€110k€54k▼
Profit (loss) for the period to be appropriated9905€110k€54k▼
Appropriation of the result
Profit (loss) to be appropriated9906€362k€416k▲
Profit (loss) brought forward from the previous period14P€252k€362k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
22-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2019net €265k ▲329%
Operating result €106k, net result €265k, both a record.
31-12
Financial
Equity above €200kEq €270k ▲233%
4 profitable years in a row build equity to €270k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Kontich · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Heiveldekens 202550 KontichGround area
5,481 m²
Building footprint
1,718 m²
Volume, LiDAR
9,747 m³
Parcel 11602E0081/00D002, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
THE CIRCLE GROUP
since 20192.289.269.383
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11602E0081/00D002 | Flanders | 5,481 m² | 1 · 1,718 m² | 7.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
JONATH
BE 0897.867.533
Maaseik · Eq €435k
SERSEN REAL ESTATE
BE 0729.867.689
Sint-Genesius-Rode · Eq €435k
PARKZICHT CONSTRUCT
BE 0673.971.341
Waregem · Eq €435k
SELECT SAFETY
BE 0475.258.527
Beernem · Eq €434k
JSFL IMMO
BE 0782.540.867
Messancy · Eq €435k
Of 9,695 companies in sector 68121 we hold annual accounts for 7,383. 4,852 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-04-2019
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
46190Agents in non-specialised wholesale trade
68310Real estate agency activities
68311Real estate activities
68321Property management for co-owned buildings (syndics)
68322Real estate activities
93299Other amusement and recreation activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.