CIRCOLOGIC
ActiveSummary
The computed 12-month bankruptcy probability of CIRCOLOGIC is 2.5% (moderate). The 2025 annual accounts show equity of €16k and a net result of €2k. Equity is growing by ~34% per year across the filed fiscal years. Its solvency ranks better than 12% of 7777 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
48
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▼-4
Solvency36▲+3
Growth78=
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.6 against 0.59 in 2024; short-term debt: 63.8% and cash: 3.5% of total assets), and 89.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 7777 sector peers (2025).
NBB · sector comparisonPosition among 7777 sector peers
Solvency
better than 12%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 12-05-2026, 101 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filingsDeviation from the deadline
2025
101 d late
2024
123 d late
2023
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€16k▲ 10.7%
2024 · €14k
2023: €6k
2024: €14k
2023 → 2025
Total assets
€147k▼ 21.3%
2024 · €187k
2023: €128k
2024: €187k
2023 → 2025
Net result
€2k▼ 81.3%
2024 · €8k
2023: €-19k
2024: €8k
2023 → 2025
Working capital
€-38k▲ 24.6%
2024 · €-50k
2023: €458
2024: €-50k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€6k-€14k▲ 134%€16k▲ 10.7%
Operating result€-15k-€11k€4k▼ 65.6%
Net result€-19k-€8k€2k▼ 81.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 66% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €147k
Fixed assets
€91k ▼ 20.5%
Current assets
€56k ▼ 22.4%
Equity and liabilities €147k
Equity
€16k ▲ 10.7%
Debt
€131k ▼ 23.9%
Debt's share of the balance-sheet total falls from 92.4% to 89.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€36k▲
2024 · €35k
Cash flow
€33k▲
2024 · €32k
Current ratio
0.60▲
2024 · 0.59
Quick ratio
0.43▼
2024 · 0.53
Debt to equity
8.38▼
2024 · 12.19
ROE
9.7%▼
2024 · 57.3%
ROA
1.0%▼
2024 · 4.3%
Interest coverage
15.31▲
2024 · 11.38
Debt ≤ 1 year
€94k▼
2024 · €122k
Debt > 1 year
€38k▼
2024 · €50k
Income taxes
€0▼
2024 · €26
Staff costs
€315▲
2024 · €120
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€187k€147k▼
Fixed assets21/28€114k€91k▼
Intangible fixed assets21€108k€86k▼
Tangible fixed assets22/27€7k€5k▼
Plant, machinery and equipment23€7k€5k▼
Current assets29/58€72k€56k▼
Stocks and contracts in progress3€7k€16k▲
Stocks30/36€7k€16k▲
Amounts receivable within one year40/41€62k€35k▼
Trade receivables40€57k€35k▼
Other amounts receivable41€5k€0▼
Cash at bank and in hand54/58€3k€5k▲
Deferred charges and accrued income490/1€231€57▼
Equity and liabilities
Total equity and liabilities10/49€187k€147k▼
Equity10/15€14k€16k▲
Contributions10/11€25k€25k=
Profit (loss) carried forward14€-11k€-9k▲
Amounts payable17/49€173k€131k▼
Amounts payable after more than one year17€50k€38k▼
Financial debts170/4€50k€38k▼
Amounts payable within one year42/48€122k€94k▼
Current portion of amounts payable after more than one year42€14k€13k▼
Trade debts44€108k€57k▼
Suppliers440/4€108k€57k▼
Taxes, remuneration and social security45€139€6k▲
Taxes450/3€139€6k▲
Other amounts payable47/48€207€18k▲
Accrued charges and deferred income492/3€209€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€120€315▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€32k▲
Other operating charges640/8€1k€572▼
Gross operating margin9900€37k€37k▼
Operating profit (loss)9901€11k€4k▼
Financial income75/76B€25€0▼
Recurring financial income75€25€0▼
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€8k€2k▼
Income taxes67/77€26€0▼
Profit (loss) for the period9904€8k€2k▼
Profit (loss) for the period to be appropriated9905€8k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-11k€-9k▲
Profit (loss) brought forward from the previous period14P€-19k€-11k▲
The notes to these accounts (16 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
12-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 101 days late
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 123 days late
2024
30-06
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Diepenbeek · 1 establishment unit since 2022
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.
Groeningenweg 53590 DiepenbeekGround area
1,895 m²
Building footprint
658 m²
Parcel 71402D1112/00P000, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
1 establishment unit
CIRCOLOGIC
since 20222.333.335.988
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71402D1112/00P000 | Flanders | 1,895 m² | 1 · 658 m² | 0.1 m |
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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 1,950 EUR awarded · 1,429 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,950 EUR | 1,429 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
BS CONSTRUCT SERVICES
BE 0711.705.331
Sint-Jans-Molenbeek · Eq €15,731
Rénov intérieur
BE 0805.183.241
Tournai · Eq €15,747
CHAUSALI
BE 1007.459.816
Florennes · Eq €15,755
AEW THYS BV
BE 0765.586.059
Hasselt · Eq €15,773
SEVA SERVICE
BE 0738.601.550
Sint-Truiden · Eq €15,788
Of 9,530 companies in sector 43222 we hold annual accounts for 5,662. 3,186 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-05-2022
Fiscal year end30-06
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
46842Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.