CIRCULACOOP
The computed 12-month bankruptcy probability of CIRCULACOOP is 0.7% (low). The 2024 annual accounts show equity of €85k and a net result of €-60k. Equity is growing by ~58.7% per year across the filed fiscal years. Its solvency ranks better than 49% of 3354 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €85k |
| Net result | €-60k |
| Better than sector | 49% |
| Active | 5 yrs |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 23.9% | 25.2% | |
| Net result | €-60k | €4k | |
| Equity | €85k | €23k | |
| Gross operating margin | €227k | €19k | |
| Staff costs | €253k | €27k |
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €-28k |
| Net profit | €-60k |
| Cash flow | €-39k |
| Staff costs | €253k |
| Income taxes | - |
| Dividends | - |
| Total assets | €354k |
| Equity | €85k |
| Debt | €269k |
| of which ≤ 1y | €143k |
| of which > 1y | €126k |
| Working capital | €20k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 1.14 |
| Quick ratio | 0.67 |
| Working capital ratio | 5.7% |
| Solvency | 23.9% |
| Debt / equity | 3.18 |
| Long-term debt ratio | 1.49 |
| Interest coverage | -2.61 |
| Gross margin | - |
| Net margin | - |
| ROA | -16.9% |
| ROE | -70.4% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €354k |
| Fixed assets | 21/28 | €191k |
| Intangible fixed assets | 21 | €645 |
| Tangible fixed assets | 22/27 | €165k |
| Financial fixed assets | 28 | €25k |
| Current assets | 29/58 | €163k |
| Stocks & contracts in progress | 3 | €68k |
| Amounts receivable within one year | 40/41 | €90k |
| Cash & bank | 54/58 | €6k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €354k |
| Equity | 10/15 | €85k |
| Contributions / capital | 10/11 | €145k |
| Accumulated profits (losses) | 14 | €-60k |
| Amounts payable | 17/49 | €269k |
| Amounts payable after one year | 17 | €126k |
| Amounts payable within one year | 42/48 | €143k |
| Trade debts payable within one year | 44 | €92k |
| Income statement | ||
| Gross operating margin | 9900 | €227k |
| Operating result | 9901 | €-49k |
| Financial income | 75 | €0 |
| Financial charges | 65 | €11k |
| Result before taxes | 9903 | €-60k |
| Net result for the period | 9904 | €-60k |
| Result to be appropriated | 9905 | €-60k |
-
Renaud DebuissonDirectorState Gazette act 25097929 (31-07-2025)Current31-07-2025 → present
-
Elise VerhaegheDirectorState Gazette act 25070737 (04-06-2025)Current04-06-2025 → present
-
Hervé HubertDirectorState Gazette act 25070737 (04-06-2025)Current04-06-2025 → present
-
Mélanie DevliegerDirectorState Gazette act 25070737 (04-06-2025)Current04-06-2025 → present
-
Baptiste De CosterDirectorState Gazette act 24113848 (30-07-2024)Current30-07-2024 → present
-
Thomas GeeraertsDirectorState Gazette act 24113848 (30-07-2024)Current30-07-2024 → present
Former directors (3)
-
Denis CariatDirectorState Gazette act 24113848 (30-07-2024)Former30-07-2024 → 31-07-2025
2 events
- 31-07-2025 Resigned· Director
- 30-07-2024 Appointed· Director
-
Christian AbrassartDirectorState Gazette act 24113848 (30-07-2024)Former- → 13-11-2023
-
Philippe BillenDirectorState Gazette act 24113848 (30-07-2024)Former- → 13-11-2023
| NACE primary | Wholesale trade(46319) |
| Legal form | Cooperative company(706) |
| Incorporation | 21-10-2020 |
| Status | Active |
| Postal code | 6001 |
Parcels 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.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52045A0558/00X002 | Wallonia | 8,419 m² | 1 · 2,024 m² | 10.6 m · 1 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
31-07-2025 1 director appointed, 1 resigning
- Renaud Debuisson, Bestuurder
- Denis Cariat, Bestuurder
Technical details
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}04-06-2025 3 directors appointed, 1 reappointed
- Mélanie Devlieger, Bestuurder
- Elise Verhaeghe, Bestuurder
- Hervé Hubert, Bestuurder
- Jean-François Herz, Commissaris
Technical details
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}30-07-2024 3 directors appointed, 2 resigning, 1 reappointed
- Thomas Geeraerts, Bestuurder
- Baptiste De Coster, Bestuurder
- Denis Cariat, Bestuurder
- Philippe Billen, Bestuurder
- Christian Abrassart, Bestuurder
- Jean-François Herz, Bestuurder
Technical details
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}14-02-2023 3 reappointed
- BILLEN Philippe, Directeur
- ABRASSART Christian, Directeur
- HERZ Jean-François, Directeur
Technical details
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | CIRCULACOOP |