ACTIVE

CIRCULAR

Financial year 2025 · closed on 31/12/2025
Net result
66,8 k €
+1084.8% YoY
Gross margin
322,1 k €
+292.6% YoY
Equity
550,9 k €
+228.4% YoY

What does CIRCULAR do?

CIRCULAR is a Private limited company incorporated in 2021. Its main activity is: Agents involved in the sale of a variety of goods. Its registered office is in Gent.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0772.907.876
Incorporation
26/08/2021
Legal form
Private limited company
Registered office
Galjoenstraat 12 box 401
9000 Gent · FlandreSee on map
Contributed capital
516 319,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 4 financial years

2025202420232022
Income statement
Gross margin322,1 k €82 k €6,3 k €-23,6 k €
EBITDA109,7 k €12,9 k €5,1 k €-23,9 k €
Operating result84 k €6,3 k €-983,1 €-35,7 k €
Net result66,8 k €5,6 k €-1,6 k €-36,3 k €
Balance sheet
Equity550,9 k €167,8 k €162,1 k €163,7 k €
Total assets1,3 M €721,1 k €217,1 k €192,5 k €
Cash355,3 k €134,5 k €121,5 k €134,7 k €
Debts156,4 k €56,9 k €54,9 k €28,8 k €
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 · 6 active · 3 ended

Active mandates

Active Advisory

Director · since 21 juin 2024 · 0769.786.753

Represented by Debeer SAMUEL

Active
Anne Marie Keirse

Director · since 26 août 2021

Active
CLEAN ENERGY INNOVATIVE PROJECTS

Director · since 26 août 2021 · 0831.341.369

Represented by De SMET PETER

Active
Dries Seuntjens

Director · since 26 août 2021

Active
SUSTAINABLE URBAN DEVELOPMENT

Director · since 26 août 2021 · 0808.023.658

Represented by Demuynck Wouter

Active
Pilaar Tech

Director · 0839.969.817

Represented by Pieter Declerck

Active

Ended mandates

Active Advisory

Director · since 21 juin 2024 · 0769.786.753

Represented by Debeer SAMUEL

Ended
CLEAN ENERGY INNOVATIVE PROJECTS

Director · since 26 août 2021 · 0831.341.369

Represented by De SMET PETER

Ended
SUSTAINABLE URBAN DEVELOPMENT

Director · since 26 août 2021 · 0808.023.658

Represented by Demuynck WOUTER

Ended
At this address

Other companies at this address

CompanyCBE no.
0831.341.369
0816.804.039
DESTUYVERActive
0783.632.316
MASITIActive
0479.826.039
Annual accounts

Full financial information

2025202420232022
Type of accountMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202326/08/2021
Closing of the financial year31/12/202531/12/202431/12/202331/12/2022
Length of the financial year12 months12 months12 months17 months
Filing date15/07/202616/07/202518/07/202422/08/2023
General meeting30/06/202620/06/202521/06/202416/06/2023
Currency of the financial yearEUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

4 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202530/06/202615/07/2026DutchPDF
Micro model31/12/202420/06/202516/07/2025DutchPDF
Micro model31/12/202321/06/202418/07/2024DutchPDF
Micro model31/12/202216/06/202322/08/2023DutchPDF
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 · 6 active · 3 ended

Active mandates

Active Advisory

Director · since 21 juin 2024 · 0769.786.753

Represented by Debeer SAMUEL

Active
Anne Marie Keirse

Director · since 26 août 2021

Active
CLEAN ENERGY INNOVATIVE PROJECTS

Director · since 26 août 2021 · 0831.341.369

Represented by De SMET PETER

Active
Dries Seuntjens

Director · since 26 août 2021

Active
SUSTAINABLE URBAN DEVELOPMENT

Director · since 26 août 2021 · 0808.023.658

Represented by Demuynck Wouter

Active
Pilaar Tech

Director · 0839.969.817

Represented by Pieter Declerck

Active

Ended mandates

Active Advisory

Director · since 21 juin 2024 · 0769.786.753

Represented by Debeer SAMUEL

Ended
CLEAN ENERGY INNOVATIVE PROJECTS

Director · since 26 août 2021 · 0831.341.369

Represented by De SMET PETER

Ended
SUSTAINABLE URBAN DEVELOPMENT

Director · since 26 août 2021 · 0808.023.658

Represented by Demuynck WOUTER

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates28/07/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DIVERSEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office11/10/2024
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other30/08/2021
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, 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 202566,8 k €
  2. 2024
    Annual accounts 20245,6 k €
  3. 2023
    Annual accounts 2023-1,6 k €
  4. 2022
    Annual accounts 2022-36,3 k €
  5. 26/08/2021
    IncorporationPrivate limited company