Parent and group
- EDF BELGIUM68.63%
CIRCIOS
ActiveSummary
The annual accounts of CIRCIOS for financial year 2025 show a net loss of 52% of total assets. The 2025 annual accounts show equity of €10,478 and a net result of -€10,169. Equity has been shrinking by about 49% per year since 2022. If that trend continues, it turns negative around financial year 2026. Its solvency ranks better than 71% of 352 sector peers (NACE 35, financial year 2025). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Official details
Source: KBO- Status
- Active since 10-05-2021 Normal situation
- Registered office
- 37 active companies are registered at this address Source: KBO register, as of 3 November 2026.
- Activity
- Electricity, gas, steam and air conditioning supply NACE 35120and 2 others
- Establishment unit
- 2.385.847.731 1210 Sint-Joost-ten-Node, since 10-05-2021
- Financial year end
- 31 December
- Peppol
- Reachable
Board and ownership
Board
- Doyard JulienDirector · since 07-05-2021
- Auditor
- KPMG Réviseurs d'Entreprises BV/SRL
Shareholders
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
Annual accounts 2025
- Gross margin
- -€7,618
- ▲ 72.5%
- Loss
- €10,169
- ▼ 64.8%
- Equity
- €10,478
- ▼ 49.3%
- Total assets
- €19,589
- ▼ 67.0%
Score breakdownraises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearlowers riskLiquidity: current ratio 2.14, cash €17,860Sector: Electricity, gas, steam and air conditioning supply (NACE 35)Size: total assets €19,589Figures for financial year 2025 (filed on 04-06-2026)Show the evidence
Checked score
Score 2025
55
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 40% of micro companies in electricity, gas and steam (NACE 35)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Average
Solvency
78+18
equity 53.5% of total assets
Liquidity
77+12
short-term debt 46.5% · cash 91.2%
Profitability
0=
return on assets -51.9%
Bankruptcy probability within 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.3 percentage points vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.5%▲ +0.1 percentage points vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026highest value
07-2026: 0.2%▼ -0.3 percentage points vs 06-2026
08-2026: 0.2%● unchanged 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
Credit of up to €500 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is ample, with a current ratio of 2.14 (1.52 in 2024), above the usual 1.5. Short-term debt is 46.5% and cash 91.2% of total assets. 46.5% of the assets are financed with debt and provisions.
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 35, micro). It does better than 60% of them on solvency, 75% on liquidity, 8% on profitability and 16% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
22232425
2022 to 2025 · latest year -€10,169
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 01-06-2026, 60 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
60 days early
2024
48 days early
2023
55 days early
2022
54 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 54 days before the deadline. In the sector (NACE 35), the median for financial year 2024 was 22 days before the deadline, and 27% 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 7 June (4 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
Recent changes
- · Gazette deed Reappointment: KPMG Réviseurs d'Entreprises BV/SRL (statutory auditor)Permanent representative: Axel Jorion
- · Gazette deed Incorporation
Companies linked to CIRCIOS
Comparable companies
These companies have the same main activity as CIRCIOS: electricity, gas, steam and air conditioning supply (NACE 35120). They are comparable in size and age: total assets between €3,300 and €138,000, founded between 2023 and 2025.
| Company | Total assets | Gross margin |
|---|---|---|
| CIRCIOS Sint-Joost-ten-Node | €19,589 | -€7,618 |
| GEO@Turnhout Geel | €10,055 | -€40,717 |
| BESIX Power Marche-en-Famenne | €53,324 | -€10,589 |
| TRANSUN Oudergem | €60,260 | -€168 |
| energiegemeenschap van burgers uni BE 2 Meise | €6,996 | €4,681 |
| RIGENEE SOLAR PLANT Villers-la-Ville | €138,160 | €2,309 |
| Communauté d’énergie uni BE 0 Sint-Jans-Molenbeek | €3,304 | €1,693 |
Key facts about CIRCIOS
- What is the company number of CIRCIOS?
- The company number of CIRCIOS is 0768.245.443. The VAT number is the same number with BE in front: BE 0768.245.443.
- Where is CIRCIOS based?
- The registered office is at Koning Albert II-laan 7, 1210 Sint-Joost-ten-Node.Company details
- What does CIRCIOS do?
- According to the KBO register, the main activity is electricity, gas, steam and air conditioning supply (NACE 35120).
- What is the legal form of CIRCIOS?
- The legal form of CIRCIOS is Public limited company (NV).
- When was CIRCIOS founded?
- CIRCIOS was founded on 10-05-2021.
- Is CIRCIOS still active?
- Yes, CIRCIOS is an active enterprise in the KBO register.
- What is the turnover of CIRCIOS?
- The annual accounts for financial year 2025 state no turnover.Financials
- Is CIRCIOS profitable?
- In financial year 2025, CIRCIOS made a loss of €10,169.
- Where can I find the annual accounts of CIRCIOS?
- CIRCIOS filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CIRCIOS due?
- CIRCIOS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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