Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Circé from Namur, company number BE0407923503, closed financial year 2025 with a result of € 57,863 after tax. For that financial year Circé recorded a gross margin of € 189,010 and equity of € 525,539. Compared with financial year 2024, the result moved from € 160,066 to € 57,863. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 14, 2026.
€ 525,539
▲ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 57,863
▼ 64% vs 2024
Profit after tax over the fiscal year.
€ 599
▼ 98% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 376,803.
People and assets in 2025
€ 628
▼ 40% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.7 million
▲ 106% vs 2024
€ 183,706 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 8,647
▼ 30% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 75,632
▼ 20% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 179,599 | € 244,496 | € 318,441 | € 189,010 | ▼ 41% |
| Profit after taxes | € 71,993 | € 113,453 | € 160,066 | € 57,863 | ▼ 64% |
| Equity | € 194,158 | € 307,610 | € 467,676 | € 525,539 | ▲ 12% |
| Total debts | € 1,333,761 | € 1,228,303 | € 1,267,259 | € 2,059,539 | ▲ 63% |
| Cash | € 106 | € 4,857 | € 37,302 | € 599 | ▼ 98% |
| Land & buildings | € 1,344,804 | € 1,295,243 | € 1,245,681 | € 2,370,398 | ▲ 90% |
| Retained profit | € 45,422 | € 158,874 | € 318,940 | € 376,803 | ▲ 18% |
| Bank debt | € 980,154 | € 876,572 | € 846,577 | € 1,743,781 | ▲ 106% |
| Balance sheet total | € 1,527,919 | € 1,535,914 | € 1,734,935 | € 2,585,079 | ▲ 49% |
Key figures of Circé, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Circé?
What happened at Circé in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 57,863 (▼ 64% vs 2024). filed late Source: NBB ↗
- CARLA BOEL became a director. NBB
- FRANCOIS DELPIRE-CRETS became a director. NBB
- New establishment in Namur. KBO
- Start of the company according to the CBE. KBO
In short
From € 71,993 profit in 2022 to € 57,863 profit in 2025.
Paid € 159,319 in corporate taxes since 2022.
Best year ever: 2024, with € 160,066 profit.
Management
Behind Circé are FRANCOIS DELPIRE-CRETS and CARLA BOEL. It owns 25% of TILOULI itself.
Directors
According to the 2025 annual accounts
since 2013
since 2013
Establishments
Establishment units
Physical locations of this company
Rue des Forsythias(BL) 19
5001 Namur
Place Saint-Aubain 3
5000 Namur
Active since 3 October 1988
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0407.923.503
- VAT number
- BE 0407.923.503
- Registered office
- Rue des Forsythias(BL) 19, 5001 Namur
- Names & denominations
- Circé
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 December 1970
- Peppol
- Active · Active since 3 Dec 2025
- Activities · NACE
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Verhuur en exploitatie van terreinen
Handel in eigen onroerend goed