UpcircleS
ActiveUpcircleS has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.64M and a net result of €4.55M. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 32% of 3112 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+10
Solvency45▼-30
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €250k at 30 days acceptable
Liquidity short (current ratio 0.77 against 1.01 in 2024), and 67.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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 · 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
32.2%
Return on assets
25.9%
Age of the figures
8 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 09-06-2026, 52 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
52 d early
2024
48 d early
2023
51 d early
2022
35 d early
2021
48 d early
2020
27 d late
← 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
05-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€4.55M▲ 258%
2024 · €1.27M
2021: €360k
2022: €991k
2023: €1.10M
2024: €1.27M
2021 → 2025
Working capital
€-2.56M
2024 · €55k
2021: €563k
2022: €534k
2023: €753k
2024: €55k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€4.74M-€5.73M▲ 20.9%€6.82M▲ 19.2%€7.10M▲ 4.0%€5.64M▼ 20.5%
Operating result€62k-€-14k€28k€21k▼ 26.2%€-36k
Net result€360k-€991k▲ 175%€1.10M▲ 10.7%€1.27M▲ 15.9%€4.55M▲ 258%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €36k after €21k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17.55M
Fixed assets
€8.96M▲ 5.9%
Current assets
€8.59M▲ 110%
Equity and liabilities €17.55M
Equity
€5.64M▼ 20.5%
Debt
€11.90M▲ 118%
The debt ratio rises from 43.4% to 67.8%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€11k▼
2024 · €68k
Cash flow
€4.60M▲
2024 · €1.32M
Solvency
32.2%▼
2024 · 56.6%
Current ratio
0.77▼
2024 · 1.01
Quick ratio
0.77▼
2024 · 1.01
Debt / equity
2.11▲
2024 · 0.77
ROE
80.6%▲
2024 · 17.9%
ROA
25.9%▲
2024 · 10.1%
Interest coverage
0.28▼
2024 · 1.78
Debt
€11.90M▲
2024 · €5.45M
Debt ≤ 1 year
€11.15M▲
2024 · €4.03M
Debt > 1 year
€750k▼
2024 · €1.42M
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
Total assets
20/58€12.54M€17.55M▲
Fixed assets
21/28€8.46M€8.96M▲
Intangible fixed assets
21€799k€752k▼
Financial fixed assets
28€7.66M€8.20M▲
Current assets
29/58€4.08M€8.59M▲
Amounts receivable within one year
40/41€2.53M€7.29M▲
Cash & bank
54/58€1.55M€1.30M▼
Total equity & liabilities
10/49€12.54M€17.55M▲
Equity
10/15€7.10M€5.64M▼
Contributions / capital
10/11€1.50M€1.50M=
Reserves
13€150k€150k=
Accumulated profits (losses)
14€5.45M€3.99M▼
Amounts payable
17/49€5.45M€11.90M▲
Amounts payable after one year
17€1.42M€750k▼
Amounts payable within one year
42/48€4.03M€11.15M▲
Trade debts payable within one year
44€36k€2k▼
Income statement
Code20242025
Gross operating margin
9900€69k€12k▼
Operating result
9901€21k€-36k▼
Financial income
75€1.29M€4.63M▲
Financial charges
65€38k€41k▲
Result before taxes
9903€1.27M€4.55M▲
Income taxes
67/77€0-
Net result for the period
9904€1.27M€4.55M▲
Result to be appropriated
9905€1.27M€4.55M▲
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-06
State Gazette act
Open capture
General meeting · Officer resignation · Officer discharge · Officer appointment
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2021net €4.55M ▲258%
Net result €4.55M, the highest in the series.
17-06
State Gazette act
Director changes
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €5MEq €5.73M ▲20.9%
2 profitable years in a row build equity to €5.73M.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 27 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 2 have been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
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Of 82,137 companies in sector 70200 we hold annual accounts for 51,402. 10,289 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded13-09-2019
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 2 actsNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 03-08-2026. Scores and ratios are computed by Checked and are not a credit decision.