ACTIVE

Circet Benelux

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Financial year 2025 · Closed on 31/12/2025

Net result20,7 M €+443,8 %over 1 year

Revenue4,4 M €-14,0 %over 1 year

Equity165,3 M €+5,2 %over 1 year

Workforce5,7 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

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· main 64210Activities of holding companies 70200Management consultancy activities 70220Business and other management consultancy activities 64929Other credit granting 64929Other credit granting+2

Joint committees (1)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 15 filings

Trend over 9 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	4,4 M €	-14.0%	5,1 M €	+6.6%	4,8 M €	-2.9%	4,9 M €		–
EBITDA	172,2 k €	-29.9%	245,5 k €	+84.1%	133,3 k €	+138%	-346,5 k €	+67.0%	-1 M €
Operating result	11,3 k €	-86.7%	84,9 k €	+496%	-21,4 k €	+95.7%	-492,9 k €	+54.5%	-1,1 M €
Net result	20,7 M €	+444%	3,8 M €	-74.4%	14,9 M €	-82.9%	87,1 M €	+606%	-17,2 M €
Balance sheet
Equity	165,3 M €	+5.2%	157,2 M €	+2.5%	153,4 M €	+10.8%	138,5 M €	+170%	51,4 M €
Total assets	174,4 M €	+7.8%	161,7 M €	+0.5%	160,9 M €	-3.4%	166,6 M €	-0.5%	167,5 M €
Cash	1,9 M €	-9.6%	2,1 M €	+253%	582,3 k €	-83.2%	3,5 M €	+397%	697,4 k €
Debts	9,1 M €	+101%	4,5 M €	-40.3%	7,6 M €	-73.1%	28,1 M €	-75.8%	116,1 M €
Other
Workforce	5,7 ETP	0.0%	5,7 ETP	-1.7%	5,8 ETP	0.0%	5,8 ETP	+45.0%	4,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 10 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Franck Lavalloir	Director22/12/2020 → 05/06/2026
managing Administration & Consultancy Services0888.089.636Represented by Bavo De Cock	Director25/11/2016 → 05/06/2026Managing director22/12/2020 → 2020 accountsended
PLAN F0476.240.702Represented by Gert De Win	Director22/12/2020 → 05/06/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Indigo B Professional Services LtdRepresented by Karl Reynders	Directorlisted until the 2019 accounts
Indigo B. Professional Services LtdRepresented by Karl Reynders	Director21/02/2020 → 22/12/2020
HVB Beheer BVRepresented by Robbert Petrus Vervoorn	Director19/12/2019 → 2020 accounts

Full financial information

Source · NBB

	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	23/06/2026	24/06/2025	02/07/2024	30/06/2023	16/06/2022	09/07/2021
General meeting	05/06/2026	06/06/2025	07/06/2024	02/06/2023	03/06/2022	04/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 15 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	05/06/2026	23/06/2026	Dutch	PDF
Full model	31/12/2024	06/06/2025	24/06/2025	Dutch	PDF
Consolidated accounts	31/12/2024	23/04/2025	05/09/2025	French	PDF
Full model	31/12/2023	07/06/2024	02/07/2024	Dutch	PDF
Consolidated accounts	31/12/2023	21/05/2024	30/08/2024	French	PDF
Full model	31/12/2022	02/06/2023	30/06/2023	Dutch	PDF
Consolidated accounts	31/12/2022	26/05/2023	11/08/2023	French	PDF
Full model	31/12/2021	03/06/2022	16/06/2022	Dutch	PDF
Consolidated accounts	31/12/2021	24/05/2022	02/09/2022	French	PDF
Full model	31/12/2020	04/06/2021	09/07/2021	Dutch	PDF
Full model	31/12/2019	31/08/2020	22/09/2020	Dutch	PDF
Consolidated accounts	31/12/2019	31/08/2020	16/09/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	26/07/2019	Dutch	PDF
Consolidated accounts	31/12/2018	28/06/2019	29/07/2019	Dutch	PDF
Full model	31/12/2017	01/06/2018	09/07/2018	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 10 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Franck Lavalloir	Director22/12/2020 → 05/06/2026
managing Administration & Consultancy Services0888.089.636Represented by Bavo De Cock	Director25/11/2016 → 05/06/2026Managing director22/12/2020 → 2020 accountsended
PLAN F0476.240.702Represented by Gert De Win	Director22/12/2020 → 05/06/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Indigo B Professional Services LtdRepresented by Karl Reynders	Directorlisted until the 2019 accounts
Indigo B. Professional Services LtdRepresented by Karl Reynders	Director21/02/2020 → 22/12/2020
HVB Beheer BVRepresented by Robbert Petrus Vervoorn	Director19/12/2019 → 2020 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

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

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings9 filings

Mandates

PLAN F

managing Administration & Consultancy Services

Franck Lavalloir

Indigo B Professional Services Ltd

Indigo B. Professional Services Ltd

OYAMA

Jobufin

HVB Beheer BV

Rodecco

2020 CONSULT

The Service Factory

FL KWADRAAT

Show the other mandate

20162017201820192020202120222023202420252026

Circet BeneluxELBA INTERNATIONAL

Jan Van Rijswijcklaan 162 bte 3, 2020 Antwerp-2020

Director

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Jan Van Rijswijcklaan 162/3, 2020 Antwerp-2020Current		CBE
Jan Van Rijswijcklaan 162 bte 3, 2020 Antwerp-2020	accounts 2021 → 2025	Accounts 2025 · 2026-00206178

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Circet BeneluxCurrent	accounts 2020 → 2025	Accounts 2025 · 2026-00206178
ELBA INTERNATIONAL	accounts 2017 → 2019	Accounts 2019 · 2020-54800423

Events

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

Circet Benelux

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events