Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of Circle Solutions is 0.3% (very low). The 2024 annual accounts show equity of €90k and a net result of €-30k. Equity is growing by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 67% of 54 sector peers (fiscal year 2024). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 7 annual accounts.
Trust signals
2 signalsEstablished
Founded in 2007, 19 years in business.
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 administrative flags
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.3%
Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector
−Annual accounts: weaker financial profile
+Long track record
−
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€-30k
Working capital€71k-55.0%
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 30-07-2025 with the NBB · fiscal year 2024 · verkort
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~6.8%/year over 7 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
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 90 · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 69.6% | 49.2% | |
| Net result | €-30k | €14k | |
| Equity | €90k | €184k | |
| Gross operating margin | €-28k | €62k | |
| Total assets | €129k | €457k |
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).
P67
Improving position over 2021-2024
· n=38-54
P15
Weakening position over 2021-2024
· n=38-54
P41
Stable position over 2021-2024
· n=38-54
P5
Weakening position over 2021-2024
· n=37-54
Describes the position versus peers, not a forecast.
€-30k
-
18-24
€-30k
-
18-24
€-23k
-
18-24
€129k
-49.6%
18-24
€90k
-43.3%
18-24
€71k
-55.0%
18-24
1
+800.0%
18-24
€1k
-
18-24
€-3k
-
18-24
€39k
+160.0%
18-24
€39k
-59.9%
18-24
€27k
-63.0%
18-24
€13k
-80.9%
18-24
3.65
+15.0%
18-24
3.65
+15.0%
18-24
69.6%
+12.6%
18-24
0.44
-29.2%
18-24
-32.9%
-
18-24
-22.9%
-
18-24
-16.10
-
18-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €-30k |
| Net profit | €-30k |
| Cash flow | €-23k |
| Staff costs | - |
| Income taxes | €-3k |
| Dividends | €39k |
| Total assets | €129k |
| Equity | €90k |
| Debt | €39k |
| of which ≤ 1y | €27k |
| of which > 1y | - |
| Working capital | €71k |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 3.65 |
| Quick ratio | 3.65 |
| Working capital ratio | 55.0% |
| Solvency | 69.6% |
| Debt / equity | 0.44 |
| Long-term debt ratio | - |
| Interest coverage | -16.10 |
| Gross margin | - |
| Net margin | - |
| ROA | -22.9% |
| ROE | -32.9% |
| 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 | €129k |
| Fixed assets | 21/28 | €31k |
| Tangible fixed assets | 22/27 | €26k |
| Financial fixed assets | 28 | €5k |
| Current assets | 29/58 | €98k |
| Amounts receivable within one year | 40/41 | €91k |
| Cash & bank | 54/58 | €5k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €129k |
| Equity | 10/15 | €90k |
| Contributions / capital | 10/11 | €19k |
| Reserves | 13 | €101k |
| Accumulated profits (losses) | 14 | €-30k |
| Amounts payable | 17/49 | €39k |
| Amounts payable within one year | 42/48 | €27k |
| Trade debts payable within one year | 44 | €4k |
| Income statement | ||
| Gross operating margin | 9900 | €-28k |
| Operating result | 9901 | €-37k |
| Financial income | 75 | €6k |
| Financial charges | 65 | €2k |
| Result before taxes | 9903 | €-32k |
| Income taxes | 67/77 | €-3k |
| Net result for the period | 9904 | €-30k |
| Result to be appropriated | 9905 | €-30k |
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 · computed52
/ 100
Fair
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Directors
Directors & mandates
4 directorsCurrent directors & mandates
-
Current14-09-2020 → present
5 events
- 14-09-2020 Resigned· Manager
- 14-09-2020 Appointed· Director
- 01-07-2013 Appointed· Manager
- 01-07-2012 Resigned· Manager
- 17-01-2011 Appointed· Manager
Historic, not recently confirmed (1)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
-
Not recently confirmedlast confirmed in an act from 2014
Former directors (2)
-
Former- → 16-06-2014
-
Former- → 17-01-2011
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 | Ontwerp en bouw van podia en decors(90392) |
| Legal form | Private limited company(610) |
| Incorporation | 09-07-2007 |
| Status | Active |
| Postal code | 2970 |
Structure & network
Connections & network
2 connected companiesNetwork connections
Shared address
→
Shared address
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Locations & real estate
Establishment units
1 locationCircle Solutions
since 20072.163.988.143
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area429 m²
Buildings1
Building footprint76 m²
Volume (LiDAR)597 m³
Tallest building11.1 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.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11922B0563/00M004 | Flanders | 429 m² | 1 · 76 m² | 11.1 m · 3 fl. |
Methodology
via registered seat: 1
1 of 1 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
6 acts Address history · 1
03-07-2015
v3.2
All acts · 6
updated 5 months ago
2026
18-02-2026 Change in the board of directors
Summary:
v3.2
2020
14-09-2020 1 director appointed, 1 resigning
2015
03-07-2015 Registered office moved from Borsbeek to Schilde
- Jan Frans Stynenlei 2, 2150 Borsbeek → Kraanstraat 11, 2970 Schilde
Summary:
v3.2
2014
16-06-2014 1 director appointed, 1 resigning
- Hellemans Yannick, Zaakvoerder
- Van Der Dorick Stephanie, Zaakvoerder
Summary:
v3.2
30-01-2014 1 director appointed, 1 resigning
- Van Der Donck Stephanie, Zaakvoerder
- Hellemans Yannick, Zaakvoerder
Summary:
v3.2
2011
01-02-2011 1 director appointed, 1 resigning
Analysis
Snowflake analysis
financial profile on 5 axes61
/ 100
Strong profile, led by solvency.
Health
52
Profitability
0
Solvency
100
Growth
52
Stability
100
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verdict per customer and amountSimilar
Similar companies
Same sector, ranked by comparable sizeCompany registry
Company registry (CBE)
Crossroads BankActivities
Ontwerp en bouw van podia90022Ontwerp en bouw van podia en decors90392Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Overige adviesbureaus op het gebied van bedrijfsvoering en beheer74142Promotie en organisatie van uitvoerende kunstevenementen90021Promotie en organisatie van scheppende en uitvoerende kunstevenementen90391
Primary activity highlighted.
Names & trade names
| Legal nameNL | Circle Solutions |
Registered office
Kraanstraat 11
2970 Schilde, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.