ACTIVE

Circet Benelux (SA)

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Financial year 2025 · closed on 31/12/2025
Net result
20,7 M €
+443.8% YoY
Revenue
4,4 M €
-14.0% YoY
Equity
165,3 M €
+5.2% YoY
Workforce
5,7 ETP
0.0% YoY

What does Circet Benelux do?

Circet Benelux is a Public limited company incorporated in 2016. Its main activity is: Activities of holding companies. Its registered office is in Antwerpen. It employs on average 5,7 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0665.840.662
Incorporation
08/11/2016
Legal form
Public limited company
Registered office
Jan Van Rijswijcklaan 162/3
2020 Antwerpen · FlandreSee on map
Contributed capital
81 395 627,35 €
Latest accounts
31/12/2025
Average workforce
5,7 ETP
Activities (NACE)
64200Activities of holding companies· main64210Activities of holding companies70200Management consultancy activities70220Business and other management consultancy activities64929Other credit granting64929Other credit granting+2
Joint committees (1)
  • 200
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202520242023202220212020201920182017
Income statement
Revenue4,4 M €5,1 M €4,8 M €4,9 M €–––2,1 M €2,1 M €
EBITDA172,2 k €245,5 k €133,3 k €-346,5 k €-1 M €-350,4 k €-827,4 k €2 M €-602,2 k €
Operating result11,3 k €84,9 k €-21,4 k €-492,9 k €-1,1 M €-350,4 k €-827,4 k €2 M €-602,2 k €
Net result20,7 M €3,8 M €14,9 M €87,1 M €-17,2 M €-3,8 M €-7,4 M €479,9 k €-2,1 M €
Balance sheet
Equity165,3 M €157,2 M €153,4 M €138,5 M €51,4 M €68,6 M €10,9 M €13,3 M €12,9 M €
Total assets174,4 M €161,7 M €160,9 M €166,6 M €167,5 M €75,5 M €79,6 M €38,3 M €41,5 M €
Cash1,9 M €2,1 M €582,3 k €3,5 M €697,4 k €300,6 k €3,2 M €24,3 k €82,7 k €
Debts9,1 M €4,5 M €7,6 M €28,1 M €116,1 M €6,9 M €68,5 M €25 M €28,6 M €
Other
Workforce5,7 ETP5,7 ETP5,8 ETP5,8 ETP4,0 ETP––––
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 30 ended

Active mandates

Franck Lavalloir

Director · since 22 décembre 2020 · until 05 juin 2026

Active
managing Administration & Consultancy Services

Director · since 22 décembre 2020 · until 05 juin 2026 · 0888.089.636

Represented by Bavo De Cock

Active
PLAN F

Director · since 22 décembre 2020 · until 05 juin 2026 · 0476.240.702

Represented by Gert De Win

Active

Ended mandates

managing Administration & Consultancy Services

Managing director · since 22 décembre 2020 · until 05 juin 2026 · 0888.089.636

Represented by Bavo De Cock

Ended
Indigo B Professional Services Ltd

Director · since 21 février 2020 · until 06 juin 2025

Represented by Karl Reynders

Ended
Indigo B. Professional Services Ltd

Director · since 21 février 2020 · until 22 décembre 2020

Represented by Karl Reynders

Ended
HVB Beheer BV

Director · since 19 décembre 2019 · until 22 décembre 2020

Represented by Robbert Petrus Vervoorn

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date23/06/202624/06/202502/07/202430/06/202316/06/202209/07/2021
General meeting05/06/202606/06/202507/06/202402/06/202303/06/202204/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

15 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202505/06/202623/06/2026DutchPDF
Full model31/12/202406/06/202524/06/2025DutchPDF
Consolidated accounts31/12/202423/04/202505/09/2025FrenchPDF
Full model31/12/202307/06/202402/07/2024DutchPDF
Consolidated accounts31/12/202321/05/202430/08/2024FrenchPDF
Full model31/12/202202/06/202330/06/2023DutchPDF
Consolidated accounts31/12/202226/05/202311/08/2023FrenchPDF
Full model31/12/202103/06/202216/06/2022DutchPDF
Consolidated accounts31/12/202124/05/202202/09/2022FrenchPDF
Full model31/12/202004/06/202109/07/2021DutchPDF
Full model31/12/201931/08/202022/09/2020DutchPDF
Consolidated accounts31/12/201931/08/202016/09/2020DutchPDF
Full model31/12/201828/06/201926/07/2019DutchPDF
Consolidated accounts31/12/201828/06/201929/07/2019DutchPDF
Full model31/12/201701/06/201809/07/2018DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 31/12/2025 · 3 active · 30 ended

Active mandates

Franck Lavalloir

Director · since 22 décembre 2020 · until 05 juin 2026

Active
managing Administration & Consultancy Services

Director · since 22 décembre 2020 · until 05 juin 2026 · 0888.089.636

Represented by Bavo De Cock

Active
PLAN F

Director · since 22 décembre 2020 · until 05 juin 2026 · 0476.240.702

Represented by Gert De Win

Active

Ended mandates

managing Administration & Consultancy Services

Managing director · since 22 décembre 2020 · until 05 juin 2026 · 0888.089.636

Represented by Bavo De Cock

Ended
Indigo B Professional Services Ltd

Director · since 21 février 2020 · until 06 juin 2025

Represented by Karl Reynders

Ended
Indigo B. Professional Services Ltd

Director · since 21 février 2020 · until 22 décembre 2020

Represented by Karl Reynders

Ended
HVB Beheer BV

Director · since 19 décembre 2019 · until 22 décembre 2020

Represented by Robbert Petrus Vervoorn

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates17/03/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/10/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/11/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/08/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/01/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/02/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring09/08/2021
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring26/05/2021
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 202520,7 M €↑
  2. 2024
    Annual accounts 20243,8 M €↓
  3. 2023
    Annual accounts 202314,9 M €↓
  4. 01/01/2023
    nominationDeloitte bedrijfsrevisoren CVBA — commissaris
  5. 2022
    Annual accounts 202287,1 M €↑
  6. 21/12/2022
    nominationPieter Aerts — Bijzondere Volmachtdrager
  7. 01/01/2022
    nominationFabio De Clercq — vaste vertegenwoordiger van de commissaris
  8. 2021
    Annual accounts 2021-17,2 M €↓
  9. 2020
    Annual accounts 2020-3,8 M €↑
  10. 2020
    Name changeCircet Benelux
  11. 2019
    Annual accounts 2019-7,4 M €↓
  12. 2018
    Annual accounts 2018479,9 k €↑
  13. 2017
    Annual accounts 2017-2,1 M €
  14. 2017
    Name changeELBA INTERNATIONAL
  15. 08/11/2016
    IncorporationPublic limited company