ACTIVE

CIRCUS SERVICES

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Financial year 2025 · closed on 31/12/2025

Net result

103 k €

+30.5% YoY

Revenue

4,3 M €

+4.7% YoY

Equity

10,5 M €

-18.6% YoY

Workforce

33,0 ETP

-1.8% YoY

What does CIRCUS SERVICES do?

CIRCUS SERVICES is a Private limited company incorporated in 2004. Its main activity is: Manufacture of games and toys. Its registered office is in Liège. It employs on average 33,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0864.036.507

Incorporation

15/03/2004

Legal form

Private limited company

Registered office

Rue des Guillemins 129
4000 Liège · WallonieSee on map

Contributed capital

8 315 665,00 €

Latest accounts

31/12/2025

Average workforce

33,0 ETP

Activities (NACE)

32400Manufacture of games and toys· main 32400Manufacture of games and toys 33190Repair of other equipment 33190Repair of other equipment 36500Water collection, treatment and supply

Joint committees (3)

14904
200
218

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	4,3 M €	+4.7%	4,1 M €	-36.9%	6,5 M €	+19.2%	5,4 M €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	347,5 k €	-5.2%	366,5 k €	+51.2%	242,3 k €	+0.1%	242,1 k €	+486%	41,3 k €	-57.8%	97,9 k €	+862%	10,2 k €	-91.7%	122,1 k €	-22.4%	157,3 k €	+8.6%	144,9 k €	+17.5%	123,3 k €	-22.2%	158,5 k €	+55.0%	102,2 k €	+26.0%	81,2 k €	+3282%	-2,6 k €	-102%	126,3 k €	+168%	47,1 k €	+328%	11 k €	-68.5%	35 k €
Operating result	249,2 k €	+5.7%	235,9 k €	+47.8%	159,6 k €	-17.6%	193,7 k €	+885%	-24,7 k €	-163%	39,1 k €	+272%	-22,7 k €	-125%	91,5 k €	-41.4%	156,1 k €	+8.7%	143,6 k €	+35.1%	106,3 k €	-32.2%	156,8 k €	+67.1%	93,8 k €	+30.1%	72,1 k €	+593%	-14,6 k €	-112%	117,4 k €	+250%	33,5 k €	+949%	-3,9 k €	-120%	20,2 k €
Net result	103 k €	+30.5%	78,9 k €	-98.7%	5,8 M €	+7882%	73,3 k €	+188%	-82,8 k €	-166%	-31,1 k €	-104%	692,2 k €	+173%	253,9 k €	-23.7%	332,9 k €	+253%	94,4 k €	-60.3%	237,9 k €	-12.4%	271,5 k €	+345%	61,1 k €	+16.5%	52,4 k €	+464%	-14,4 k €	-121%	69 k €	+449%	12,6 k €	+232%	-9,5 k €	-413%	3 k €
Balance sheet
Equity	10,5 M €	-18.6%	12,9 M €	-9.9%	14,3 M €	+1048%	1,2 M €	+6.3%	1,2 M €	-6.6%	1,3 M €	+21.1%	1 M €	+202%	343,2 k €	+18.6%	289,3 k €	+85.0%	156,4 k €	-40.3%	262 k €	+81.8%	144,1 k €	-32.2%	212,5 k €	+40.3%	151,5 k €	+52.9%	99 k €	-12.7%	113,4 k €	+155%	44,4 k €	+39.4%	31,9 k €	-22.9%	41,4 k €
Total assets	12,2 M €	-8.2%	13,3 M €	-13.4%	15,4 M €	+332%	3,6 M €	-12.0%	4,1 M €	+0.7%	4 M €	-6.0%	4,3 M €	+43.8%	3 M €	+309%	728,9 k €	+60.9%	452,9 k €	-3.7%	470,5 k €	-13.8%	546 k €	+76.1%	310,1 k €	+1.2%	306,4 k €	+10.6%	277 k €	-0.0%	277 k €	+19.9%	231 k €	+28.9%	179,1 k €	+1.6%	176,3 k €
Cash	160 €	-100.0%	417,2 k €	+21.2%	344,3 k €	+4021%	8,4 k €	+26.4%	6,6 k €	-89.9%	65,7 k €	-91.3%	756,2 k €	+339%	172,1 k €	-60.6%	437,4 k €	+25.0%	349,9 k €	-2.1%	357,2 k €	+2.3%	349 k €	+1429%	22,8 k €	+75.1%	13 k €	-23.8%	17,1 k €	-61.7%	44,6 k €	+4.0%	42,9 k €	+117%	19,8 k €	+286%	5,1 k €
Debts	1,8 M €	+284%	457,8 k €	-58.2%	1,1 M €	-52.8%	2,3 M €	-19.5%	2,9 M €	+4.2%	2,8 M €	-14.9%	3,2 M €	+23.3%	2,6 M €	+499%	439,7 k €	+49.4%	294,3 k €	+41.2%	208,4 k €	-48.1%	401,8 k €	+312%	97,5 k €	-37.1%	154,9 k €	-12.9%	177,8 k €	+9.0%	163,2 k €	-12.4%	186,2 k €	+26.7%	147 k €	+9.2%	134,6 k €
Other
Workforce	33,0 ETP	-1.8%	33,6 ETP	+1.5%	33,1 ETP	+7.1%	30,9 ETP	-1.9%	31,5 ETP	+9.4%	28,8 ETP	+2.1%	28,2 ETP	+56.7%	18,0 ETP	+300%	4,5 ETP	-4.3%	4,7 ETP	-2.1%	4,8 ETP	+2.1%	4,7 ETP	+2.2%	4,6 ETP	-6.1%	4,9 ETP	-10.9%	5,5 ETP	-42.1%	9,5 ETP	-7.8%	10,3 ETP	+4.0%	9,9 ETP	+10.0%	9,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 11 ended

Active mandates

Roland MEWISSEN

Director · since 25 août 2022 · until 13 juin 2028

Active

Jean-Marie LEONARD

Chairman of the board of directors · since 07 juillet 2022 · until 13 juin 2028

Active

Ended mandates

Christophe BONIVER

Director · since 07 juillet 2022

Ended

HRI

Director · since 07 juillet 2022 · until 25 août 2022 · 0725.527.831

Represented by Roland MEWISSEN

Ended

Jean-Marie LEONARD

Chairman of the board of directors · since 07 juillet 2022

Ended

Daniel LEONARD

Director · since 01 avril 2019 · until 07 juillet 2022

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Abridged 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	15/06/2026	26/06/2025	01/07/2024	07/07/2023	26/08/2022	31/08/2021
General meeting	09/06/2026	10/06/2025	28/06/2024	23/06/2023	30/06/2022	30/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	09/06/2026	15/06/2026	French	PDF
Full model	31/12/2024	10/06/2025	26/06/2025	French	PDF
Full model	31/12/2023	28/06/2024	01/07/2024	French	PDF
Full model	31/12/2022	23/06/2023	07/07/2023	French	PDF
Full model	31/12/2021	30/06/2022	26/08/2022	French	PDF
Abridged model	31/12/2020	30/06/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	03/07/2020	06/10/2020	French	PDF
Abridged model	31/12/2018	11/06/2019	31/08/2019	French	PDF
Abridged model	31/12/2017	12/06/2018	31/08/2018	French	PDF
Abridged model	31/12/2016	13/06/2017	23/09/2017	French	PDF
Abridged model	31/12/2015	14/06/2016	30/09/2016	French	PDF
Abridged model	31/12/2014	09/06/2015	27/08/2015	French	PDF
Abridged model	31/12/2013	10/06/2014	29/07/2014	French	PDF
Abridged model	31/12/2012	11/06/2013	27/08/2013	French	PDF
Abridged model	31/12/2011	12/06/2012	08/08/2012	French	PDF
Abridged model	31/12/2010	14/06/2011	29/08/2011	French	PDF
Abridged model	31/12/2009	08/06/2010	17/08/2010	French	PDF
Abridged model	31/12/2008	09/06/2009	01/08/2009	French	PDF
Abridged model	31/12/2007	10/06/2008	23/07/2008	French	PDF
Abridged model	31/12/2006	12/06/2007	27/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 2 active · 11 ended

Active mandates

Roland MEWISSEN

Director · since 25 août 2022 · until 13 juin 2028

Active

Jean-Marie LEONARD

Chairman of the board of directors · since 07 juillet 2022 · until 13 juin 2028

Active

Ended mandates

Christophe BONIVER

Director · since 07 juillet 2022

Ended

HRI

Director · since 07 juillet 2022 · until 25 août 2022 · 0725.527.831

Represented by Roland MEWISSEN

Ended

Jean-Marie LEONARD

Chairman of the board of directors · since 07 juillet 2022

Ended

Daniel LEONARD

Director · since 01 avril 2019 · until 07 juillet 2022

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/06/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates27/03/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates13/02/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates19/05/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates22/04/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates25/09/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates30/01/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates19/10/2022
DEMISSIONS, NOMINATIONS
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

2025
Annual accounts 2025103 k €↑
2024
Annual accounts 202478,9 k €↓
2022
Annual accounts 20225,8 M €↑
2021
Annual accounts 202173,3 k €↑
2020
Annual accounts 2020-82,8 k €↓
2019
Annual accounts 2019-31,1 k €↓
2018
Annual accounts 2018692,2 k €↑
2017
Annual accounts 2017253,9 k €↓
2016
Annual accounts 2016332,9 k €↑
2015
Annual accounts 201594,4 k €↓
2014
Annual accounts 2014237,9 k €↓
2013
Annual accounts 2013271,5 k €↑
2012
Annual accounts 201261,1 k €↑
2011
Annual accounts 201152,4 k €↑
2010
Annual accounts 2010-14,4 k €↓
2009
Annual accounts 200969 k €↑
2008
Annual accounts 200812,6 k €↑
2007
Annual accounts 2007-9,5 k €↓
2006
Annual accounts 20063 k €
15/03/2004
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

CIRCUS SERVICES

Overview

What does CIRCUS SERVICES do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

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