ACTIVE

2Circle

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Financial year 2025 · closed on 30/06/2025

Net result

109,5 k €

+12.3% YoY

Gross margin

186,5 k €

+16.0% YoY

Equity

401,1 k €

+12.2% YoY

What does 2Circle do?

2Circle is a Private limited company incorporated in 1988. Its main activity is: Computer consultancy activities. Its registered office is in Lessines.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0434.866.143

Incorporation

29/07/1988

Legal form

Private limited company

Registered office

Solbreucq(GH) 10
7863 Lessines · WallonieSee on map

Contributed capital

35 944,56 €

Latest accounts

30/06/2025

Activities (NACE)

62020Computer consultancy activities· main 62100Computer programming, consultancy and related activities 62200Computer programming, consultancy and related activities 41001Construction of buildings 41201Construction of residential and non-residential buildings

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2018		2017		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	186,5 k €	+16.0%	160,7 k €	+173%	58,8 k €	+227%	-46,1 k €	-138%	122,4 k €	-25.5%	164,2 k €	+1056%	14,2 k €	+21.4%	11,7 k €	-64.7%	33,2 k €	+33.6%	24,8 k €	-3.8%	25,8 k €	+189%	8,9 k €	-55.0%	19,8 k €	+4714%	412,1 €	-98.5%	28,1 k €	+28.4%	21,9 k €
EBITDA	173,6 k €	+9.2%	159 k €	+175%	57,9 k €	+224%	-46,6 k €	-138%	121,5 k €	-25.4%	162,8 k €	+1536%	10 k €	+31.4%	7,6 k €	-74.4%	29,6 k €	+37.0%	21,6 k €	+35.8%	15,9 k €	+295%	4 k €	-73.5%	15,2 k €	+590%	-3,1 k €	-113%	24,1 k €	+32.6%	18,1 k €
Operating result	163,7 k €	+12.1%	146,1 k €	+194%	49,8 k €	+196%	-51,8 k €	-145%	115,8 k €	-26.6%	157,7 k €	+1485%	10 k €	+254%	-6,5 k €	-142%	15,3 k €	+117%	7,1 k €	+858%	737,6 €	+111%	-6,6 k €	-178%	8,4 k €	+170%	-12,1 k €	-218%	10,2 k €	+354%	-4 k €
Net result	109,5 k €	+12.3%	97,5 k €	+112%	46,1 k €	+188%	-52,1 k €	-176%	69 k €	-32.5%	102,2 k €	+527%	16,3 k €	+226%	-13 k €	-268%	7,7 k €	+193%	2,6 k €	-40.7%	4,4 k €	+133%	-13,3 k €	-363%	5,1 k €	+118%	-28,1 k €	-860%	3,7 k €	+138%	-9,7 k €
Balance sheet
Equity	401,1 k €	+12.2%	357,6 k €	+9.0%	328,1 k €	+16.3%	282 k €	+89.9%	148,5 k €	+86.9%	79,4 k €	+449%	-22,8 k €	+41.7%	-39,1 k €	-49.6%	-26,1 k €	+22.8%	-33,8 k €	+7.2%	-36,5 k €	+10.9%	-40,9 k €	-48.2%	-27,6 k €	+15.5%	-32,7 k €	-615%	-4,6 k €	+44.7%	-8,3 k €
Total assets	451,9 k €	+7.7%	419,7 k €	+21.3%	346 k €	+19.0%	290,7 k €	+38.8%	209,5 k €	+43.1%	146,4 k €	+336%	33,6 k €	+33.4%	25,2 k €	-25.4%	33,7 k €	-33.4%	50,6 k €	-21.1%	64,1 k €	+23.9%	51,7 k €	+48.9%	34,8 k €	-21.5%	44,3 k €	-43.8%	78,7 k €	+15.8%	68 k €
Cash	322,6 k €	+2.4%	315,2 k €	+23.3%	255,7 k €	-5.0%	269 k €	+116%	124,5 k €	+205%	40,8 k €	+245%	11,8 k €	+9.2%	10,8 k €	+0.5%	10,8 k €	+0.2%	10,8 k €	-3.1%	11,1 k €	+0.8%	11 k €	+1.1%	10,9 k €	-4.0%	11,4 k €	+7.5%	10,6 k €	+3.8%	10,2 k €
Debts	50,8 k €	-18.2%	62,1 k €	+246%	18 k €	+105%	8,8 k €	-85.6%	61 k €	-8.8%	67 k €	+19.4%	56,1 k €	-12.7%	64,3 k €	+7.4%	59,9 k €	-29.1%	84,5 k €	-16.0%	100,6 k €	+8.6%	92,7 k €	+48.6%	62,4 k €	-18.9%	76,9 k €	-7.6%	83,3 k €	+9.3%	76,2 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 5 ended

Active mandates

Mark Mortier

Director

Active

Ended mandates

Vicky Kiekens

Director · since 01 juillet 2019

Ended

Mark Mortier

Director · since 27 juin 2016

Ended

Mark Mortier

Manager · since 27 juin 2016

Ended

HANS ROELS

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	10/12/2025	25/11/2024	06/12/2023	24/11/2022	23/11/2021	16/12/2020
General meeting	15/11/2025	16/11/2024	18/11/2023	19/11/2022	20/11/2021	21/11/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	15/11/2025	10/12/2025	French	PDF
Micro model	30/06/2024	16/11/2024	25/11/2024	French	PDF
Micro model	30/06/2023	18/11/2023	06/12/2023	French	PDF
Micro model	30/06/2022	19/11/2022	24/11/2022	Dutch	PDF
Micro model	30/06/2021	20/11/2021	23/11/2021	Dutch	PDF
Micro model	30/06/2020	21/11/2020	16/12/2020	Dutch	PDF
Micro model	30/06/2019	16/11/2019	18/11/2019	Dutch	PDF
Micro model	30/06/2018	17/11/2018	21/11/2018	Dutch	PDF
Micro model	30/06/2017	18/11/2017	15/01/2018	Dutch	PDF
Abridged model	31/12/2015	31/03/2016	28/04/2016	Dutch	PDF
Abridged model	31/12/2014	16/05/2015	23/06/2015	Dutch	PDF
Abridged model	31/12/2013	17/05/2014	23/05/2014	Dutch	PDF
Abridged model	31/12/2012	18/05/2013	06/07/2013	Dutch	PDF
Abridged model	31/12/2011	19/05/2012	02/08/2012	Dutch	PDF
Abridged model	31/12/2010	21/05/2011	09/06/2011	Dutch	PDF
Abridged model	31/12/2009	15/05/2010	20/05/2010	Dutch	PDF
Abridged model	31/12/2008	16/05/2009	26/05/2009	Dutch	PDF
Abridged model	31/12/2007	17/05/2008	22/05/2008	Dutch	PDF
Abridged model	31/12/2006	19/05/2007	31/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 5 ended

Active mandates

Mark Mortier

Director

Active

Ended mandates

Vicky Kiekens

Director · since 01 juillet 2019

Ended

Mark Mortier

Director · since 27 juin 2016

Ended

Mark Mortier

Manager · since 27 juin 2016

Ended

HANS ROELS

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other21/04/2023
TRANSFORMATION SPRL EN SRL — ADOPTION DE NOUVEAUX STATUTS
PDF
Registered office05/04/2023
MAATSCHAPPELIJKE ZETEL
PDF
Mandates04/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/12/2019
ONTSLAGEN - BENOEMINGEN
PDF
Other21/12/2018
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other19/01/2017
DOEL - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates11/07/2016
WIJZIGING ZETEL - WIJZIGING DOEL - WIJZIGING ZAAKVOERDER —
PDF
Registered office26/02/2004
MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025109,5 k €↑
2024
Annual accounts 202497,5 k €↑
2023
Annual accounts 202346,1 k €↑
2022
Annual accounts 2022-52,1 k €↓
2018
Annual accounts 201869 k €↓
2017
Annual accounts 2017102,2 k €↑
2015
Annual accounts 201516,3 k €↑
2014
Annual accounts 2014-13 k €↓
2013
Annual accounts 20137,7 k €↑
2012
Annual accounts 20122,6 k €↓
2011
Annual accounts 20114,4 k €↑
2010
Annual accounts 2010-13,3 k €↓
2009
Annual accounts 20095,1 k €↑
2008
Annual accounts 2008-28,1 k €↓
2007
Annual accounts 20073,7 k €↑
2006
Annual accounts 2006-9,7 k €
29/07/1988
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

2Circle

Overview

What does 2Circle do?

Trend over 16 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline