ACTIVE

Circul 2020

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Financial year 2025 · closed on 31/12/2025
Net result
-8,9 k €
-2387.8% YoY
Revenue
9,6 M €
+41.3% YoY
Equity
65,9 k €
-11.9% YoY

What does Circul 2020 do?

Circul 2020 is a Public limited company incorporated in 2018. Its main activity is: Construction of bridges and tunnels. Its registered office is in Saint-Josse-ten-Noode.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0688.695.347
Incorporation
19/01/2018
Legal form
Public limited company
Registered office
Boulevard du Roi Albert II 19
1210 Saint-Josse-ten-Noode · BruxellesSee on map
Contributed capital
61 500,00 €
Latest accounts
31/12/2025
Activities (NACE)
42130Construction of bridges and tunnels· main42130Construction of bridges and tunnels
Contacts
1 public detail availableLog in to view
Signals
High revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20252024202320222021202020192018
Income statement
Revenue9,6 M €6,8 M €9,2 M €14,6 M €81,9 M €74,7 M €57,5 M €27,5 M €
EBITDA-8,9 k €2,2 k €109,6 k €-58,3 k €-1,8 k €2,2 k €48,9 k €-45,2 k €
Operating result-8,9 k €2,2 k €109,6 k €-58,3 k €-1,9 k €2,2 k €48,9 k €-45,2 k €
Net result-8,9 k €-358,7 €82,1 k €-53,9 k €-17,5 k €-222,9 €48,8 k €-45,5 k €
Balance sheet
Equity65,9 k €74,8 k €75,1 k €-6,9 k €47,0 k €64,5 k €64,7 k €16,0 k €
Total assets3,5 M €3,2 M €5,6 M €4,5 M €27,6 M €13,8 M €6,3 M €4,8 M €
Cash647,0 k €568,3 k €2,8 M €4,4 M €877,8 k €7,0 M €5,6 M €3,6 M €
Debts3,4 M €2,6 M €5,5 M €4,5 M €27,6 M €13,8 M €6,3 M €4,8 M €
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 12 ended

Active mandates

Cedric Hannaert

Director · since 03 février 2025 · until 01 juin 2029

Active
Eric Christyn de Ribaucourt

Director · since 21 décembre 2023 · until 03 février 2025

Active
Filip Cocquereaux

Director · since 21 décembre 2023 · until 01 juin 2029

Active
Mark Beyst - Consultancy

Director · since 21 décembre 2023 · until 01 juin 2029 · 0502.422.485

Represented by Mark Beyst

Active
Paul Lievens

Director · since 21 décembre 2023 · until 01 juin 2029

Active

Ended mandates

Eric Christyn de Ribaucourt

Director · since 21 décembre 2023 · until 01 juin 2029

Ended
Mark Beyst - Consultancy

Director · since 06 décembre 2019 · until 05 juin 2020 · 0502.422.485

Ended
Mark Beyst - Consultancy

Director · since 06 décembre 2019 · until 02 juin 2023 · 0502.422.485

Represented by Beyst Marc

Ended
Mark Beyst - Consultancy

Director · since 06 décembre 2019 · until 21 décembre 2023 · 0502.422.485

Represented by Mark Beyst

Ended
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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 date26/06/202629/09/202515/10/202416/01/202427/07/202201/09/2021
General meeting17/06/202619/09/202527/09/202421/12/202330/06/202204/06/2021
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

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202517/06/202626/06/2026FrenchPDF
Full model31/12/202419/09/202529/09/2025FrenchPDF
Full model31/12/202327/09/202415/10/2024FrenchPDF
Full model31/12/202221/12/202316/01/2024FrenchPDF
Full model31/12/202130/06/202227/07/2022FrenchPDF
Full model31/12/202004/06/202101/09/2021FrenchPDF
Full model31/12/201905/06/202027/11/2020FrenchPDF
Full model31/12/201807/06/201928/06/2019FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 5 active · 12 ended

Active mandates

Cedric Hannaert

Director · since 03 février 2025 · until 01 juin 2029

Active
Eric Christyn de Ribaucourt

Director · since 21 décembre 2023 · until 03 février 2025

Active
Filip Cocquereaux

Director · since 21 décembre 2023 · until 01 juin 2029

Active
Mark Beyst - Consultancy

Director · since 21 décembre 2023 · until 01 juin 2029 · 0502.422.485

Represented by Mark Beyst

Active
Paul Lievens

Director · since 21 décembre 2023 · until 01 juin 2029

Active

Ended mandates

Eric Christyn de Ribaucourt

Director · since 21 décembre 2023 · until 01 juin 2029

Ended
Mark Beyst - Consultancy

Director · since 06 décembre 2019 · until 05 juin 2020 · 0502.422.485

Ended
Mark Beyst - Consultancy

Director · since 06 décembre 2019 · until 02 juin 2023 · 0502.422.485

Represented by Beyst Marc

Ended
Mark Beyst - Consultancy

Director · since 06 décembre 2019 · until 21 décembre 2023 · 0502.422.485

Represented by Mark Beyst

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates27/10/2025
    DIVERS - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates11/03/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office17/01/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - SIEGE SOCIAL
    PDF
  • Mandates19/10/2022
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates23/03/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates24/06/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Other23/01/2018
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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 2025-8,9 k €↓
  2. 2024
    Annual accounts 2024-358,7 €↓
  3. 2023
    Annual accounts 202382,1 k €↑
  4. 2022
    Annual accounts 2022-53,9 k €↓
  5. 2021
    Annual accounts 2021-17,5 k €↓
  6. 2020
    Annual accounts 2020-222,9 €↓
  7. 2019
    Annual accounts 201948,8 k €↑
  8. 2018
    Annual accounts 2018-45,5 k €
  9. 19/01/2018
    IncorporationPublic limited company