CLOSED CIRCLE
0476.115.590 · rovalta.com · 22/09/2026
ACTIVE
CLOSED CIRCLE
Financial year 2025 · closed on 31/12/2025
Net result
1,6 M €
-81.7% YoY
Revenue
2,1 M €
-8.6% YoY
Equity
34,9 M €
+5.0% YoY
Workforce
4,2 ETP
-12.5% YoY
Overview
What does CLOSED CIRCLE do?
CLOSED CIRCLE is a Public limited company incorporated in 2001. Its registered office is in Haacht. It employs on average 4,2 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0476.115.590
Incorporation
20/11/2001
Legal form
Public limited company
Registered office
Klein Terbankstraat(TIL) 65
3150 Haacht · FlandreSee on map
3150 Haacht · FlandreSee on map
Contributed capital
8 380 000,00 €
Latest accounts
31/12/2025
Average workforce
4,2 ETP
Joint committees (5)
- 100
- 126
- 1260
- 200
- 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debtsHigh revenue
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Financials
Trend over 18 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||
| Revenue | 2,1 M € | -8.6% | 2,3 M € | -16.3% | 2,7 M € | +5.6% | 2,6 M € | +293% | 654,1 k € | -57.7% | 1,5 M € | -1.5% | 1,6 M € | -1.2% | 1,6 M € | +14.5% | 1,4 M € | +11.6% | 1,2 M € | -11.4% | 1,4 M € | -6.4% | 1,5 M € | +22.9% | 1,2 M € | -8.8% | 1,3 M € | -9.6% | 1,5 M € | +48.5% | 998,5 k € | -8.7% | 1,1 M € | -23.2% | 1,4 M € |
| EBITDA | -362,6 k € | -2040% | 18,7 k € | -95.4% | 402,7 k € | -53.8% | 871,7 k € | +506% | 143,9 k € | -21.8% | 184 k € | +1389% | 12,4 k € | -99.7% | 3,7 M € | +5480% | 65,5 k € | -63.7% | 180,1 k € | -39.5% | 297,9 k € | +15.9% | 257 k € | +13.1% | 227,2 k € | -32.8% | 338 k € | -44.4% | 608,2 k € | +32.4% | 459,5 k € | +2.1% | 450 k € | -24.1% | 593,1 k € |
| Operating result | -842,6 k € | -102% | -416,9 k € | -271% | 243,9 k € | -70.7% | 833,6 k € | +701% | 104,1 k € | -33.2% | 155,8 k € | +821% | -21,6 k € | -101% | 3,6 M € | +125579% | 2,9 k € | -97.6% | 120,3 k € | -43.7% | 213,7 k € | +15.0% | 185,7 k € | +33.9% | 138,7 k € | -43.8% | 246,7 k € | -54.2% | 538,4 k € | +29.6% | 415,3 k € | +4.8% | 396,3 k € | -26.6% | 540,1 k € |
| Net result | 1,6 M € | -81.7% | 9 M € | -45.3% | 16,4 M € | +2397% | 657,8 k € | +150% | 262,9 k € | -98.1% | 13,9 M € | +273% | 3,7 M € | -34.6% | 5,7 M € | +124% | 2,5 M € | +705% | 316,6 k € | -90.3% | 3,3 M € | +168% | 1,2 M € | -83.4% | 7,3 M € | +124% | 3,3 M € | +190% | 1,1 M € | -61.8% | 3 M € | +14.8% | 2,6 M € | +286% | 667 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||
| Equity | 34,9 M € | +5.0% | 33,2 M € | +37.1% | 24,2 M € | +39.9% | 17,3 M € | -52.8% | 36,7 M € | -15.1% | 43,2 M € | +25.0% | 34,5 M € | -0.0% | 34,6 M € | +19.8% | 28,8 M € | +9.7% | 26,3 M € | +1.2% | 26 M € | +14.4% | 22,7 M € | -7.3% | 24,5 M € | +42.8% | 17,2 M € | +23.6% | 13,9 M € | -10.8% | 15,6 M € | +23.4% | 12,6 M € | +24.3% | 10,1 M € |
| Total assets | 37 M € | +6.9% | 34,6 M € | -1.0% | 35 M € | +0.6% | 34,8 M € | -5.8% | 36,9 M € | -23.9% | 48,5 M € | +24.2% | 39,1 M € | +10.4% | 35,4 M € | +20.3% | 29,4 M € | +9.2% | 26,9 M € | -9.6% | 29,8 M € | +11.2% | 26,8 M € | +5.7% | 25,3 M € | +29.3% | 19,6 M € | +1.1% | 19,4 M € | +5.7% | 18,3 M € | +17.1% | 15,7 M € | -0.5% | 15,7 M € |
| Cash | 4,6 M € | +300% | 1,1 M € | -63.4% | 3,1 M € | +91.7% | 1,6 M € | -69.3% | 5,3 M € | -63.7% | 14,6 M € | +66.7% | 8,8 M € | +88.1% | 4,7 M € | +37.6% | 3,4 M € | +419% | 651,1 k € | +29.4% | 503,1 k € | -24.1% | 662,8 k € | – | 1,1 M € | +70.4% | 645 k € | +198% | 216,5 k € | +15.3% | 187,7 k € | +74.9% | 107,3 k € | ||
| Debts | 1,8 M € | +74.3% | 1 M € | -90.4% | 10,7 M € | -38.5% | 17,4 M € | +9714% | 177,7 k € | -96.5% | 5 M € | +20.4% | 4,2 M € | +987% | 383,2 k € | +52.1% | 252 k € | -34.0% | 381,6 k € | -89.4% | 3,6 M € | -2.0% | 3,7 M € | +543% | 572,5 k € | -69.7% | 1,9 M € | -63.4% | 5,2 M € | +102% | 2,6 M € | -7.6% | 2,8 M € | -46.7% | 5,2 M € |
| Other | |||||||||||||||||||||||||||||||||||
| Workforce | 4,2 ETP | -12.5% | 4,8 ETP | -9.4% | 5,3 ETP | +6.0% | 5,0 ETP | -2.0% | 5,1 ETP | +13.3% | 4,5 ETP | -18.2% | 5,5 ETP | +1.9% | 5,4 ETP | -1.8% | 5,5 ETP | -1.8% | 5,6 ETP | +1.8% | 5,5 ETP | -9.8% | 6,1 ETP | 0.0% | 6,1 ETP | +5.2% | 5,8 ETP | +5.5% | 5,5 ETP | -5.2% | 5,8 ETP | -10.8% | 6,5 ETP | -3.0% | 6,7 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 25 M€ and 50 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 4 active · 9 ended
Active mandates
Ended mandates
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
NEXT FRONTIER● Active | 0743.922.001 |
Stageco Belgium● Active | 0464.612.677 |
STAGE - INVEST● Active | 0439.510.760 |
STEEL LOGISTICS● Active | 0474.405.026 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Full model | Full model | Full model | Full model | Full model | Full model |
| Start of the financial year | 01/01/2025 | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 01/09/2026 | 30/09/2025 | 27/09/2024 | 17/08/2023 | 31/08/2022 | 27/08/2021 |
| General meeting | 25/08/2026 | 26/09/2025 | 06/09/2024 | 14/08/2023 | 30/08/2022 | 25/08/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
21 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 25/08/2026 | 01/09/2026 | Dutch | |
| Full model | 31/12/2024 | 26/09/2025 | 30/09/2025 | Dutch | |
| Full model | 31/12/2023 | 06/09/2024 | 27/09/2024 | Dutch | |
| Full model | 31/12/2022 | 14/08/2023 | 17/08/2023 | Dutch | |
| Full model | 31/12/2021 | 30/08/2022 | 31/08/2022 | Dutch | |
| Full model | 31/12/2020 | 25/08/2021 | 27/08/2021 | Dutch | |
| Full model | 31/12/2019 | 27/08/2020 | 10/09/2020 | Dutch | |
| Full model | 31/12/2018 | 31/07/2019 | 31/07/2019 | Dutch | |
| Full model | 31/12/2017 | 27/07/2018 | 31/07/2018 | Dutch | |
| Full model | 31/12/2016 | 09/08/2017 | 31/08/2017 | Dutch | |
| Full model | 31/12/2015 | 31/07/2016 | 29/08/2016 | Dutch | |
| Full model | 31/12/2014 | 31/07/2015 | 31/08/2015 | Dutch | |
| Full model | 31/12/2013 | 30/06/2014 | 14/08/2014 | Dutch | |
| Full model | 31/12/2012 | 30/06/2013 | 31/07/2013 | Dutch | |
| Full model | 31/12/2011 | 31/08/2012 | 31/08/2012 | Dutch | |
| Full model | 31/12/2010 | 30/06/2011 | 28/07/2011 | Dutch | |
| Full model | 31/12/2009 | 30/06/2010 | 31/08/2010 | Dutch | |
| Full model | 31/12/2008 | 30/06/2009 | 14/07/2009 | Dutch | |
| Full model | 31/12/2007 | 03/07/2008 | 01/08/2008 | Dutch | |
| Full modelCorrection | 31/12/2006 | 15/07/2007 | 04/09/2007 | Dutch | |
| Full model | 31/12/2006 | 15/07/2007 | 09/08/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 25 M€ and 50 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 4 active · 9 ended
Active mandates
Ended mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates29/05/2026MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
- Restructuring04/09/2024KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Restructuring26/06/2024RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Mandates14/06/2023ONTSLAGEN - BENOEMINGEN
- Mandates27/12/2022ONTSLAGEN - BENOEMINGEN
- Mandates22/09/2017ONTSLAGEN - BENOEMINGEN
- Mandates08/12/2011ONTSLAGEN - BENOEMINGEN
- Mandates19/09/2005ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 20251,6 M €↓
- 2024Annual accounts 20249 M €↓
- 2023Annual accounts 202316,4 M €↑
- 2022Annual accounts 2022657,8 k €↑
- 2021Annual accounts 2021262,9 k €↓
- 2018Annual accounts 201813,9 M €↑
- 2017Annual accounts 20173,7 M €↓
- 2016Annual accounts 20165,7 M €↑
- 2015Annual accounts 20152,5 M €↑
- 2014Annual accounts 2014316,6 k €↓
- 2013Annual accounts 20133,3 M €↑
- 2012Annual accounts 20121,2 M €↓
- 2011Annual accounts 20117,3 M €↑
- 2010Annual accounts 20103,3 M €↑
- 2009Annual accounts 20091,1 M €↓
- 2008Annual accounts 20083 M €↑
- 2007Annual accounts 20072,6 M €↑
- 2006Annual accounts 2006667 k €
- 20/11/2001IncorporationPublic limited company