Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 5.3 to 4.2.
Financials
Financial year 2025
CLOSED CIRCLE from Haacht, company number BE0476115590, closed financial year 2025 with a result of € 1.6 million after tax. For that financial year CLOSED CIRCLE recorded revenue of € 2.1 million and equity of € 34.9 million. Compared with financial year 2024, the result moved from € 9 million to € 1.6 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 1, 2026.
€ 34.9 million
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.6 million
▼ 82% vs 2024
Profit after tax over the fiscal year.
€ 4.6 million
▲ 300% 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 € 26.5 million.
People and assets in 2025
4.2
▼ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 536,428
▲ 4% vs 2024
€ 127,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 256,467
▼ 21% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1.7 million
▲ 80% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 234 days on average.
€ 81,513
▲ 6% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 2,571,854 | € 2,715,513 | € 2,274,215 | € 2,078,796 | ▼ 9% |
| Profit after taxes | € 657,818 | € 16,425,294 | € 8,992,479 | € 1,645,830 | ▼ 82% |
| Equity | € 17,316,268 | € 24,230,263 | € 33,222,742 | € 34,868,572 | ▲ 5% |
| Total debts | € 17,438,920 | € 10,723,803 | € 1,029,322 | € 1,794,617 | ▲ 74% |
| Cash | € 1,628,810 | € 3,122,474 | € 1,142,564 | € 4,565,124 | ▲ 300% |
| Land & buildings | - | - | € 3,217,341 | € 3,159,919 | ▼ 2% |
| Retained profit | € 8,934,419 | € 15,848,414 | € 24,840,893 | € 26,486,723 | ▲ 7% |
| Dividend | € 20,000,000 | € 9,511,300 | € 0 | € 0 | |
| Balance sheet total | € 34,766,072 | € 34,975,018 | € 34,613,206 | € 36,999,334 | ▲ 7% |
| Employees (FTE) | 5 | 5.3 | 4.8 | 4.2 | ▼ 0.6 |
Key figures of CLOSED CIRCLE, 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 CLOSED CIRCLE?
What happened at CLOSED CIRCLE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Katleen De Meyer stepped down as director. NBB
- MAN2PRO BV stepped down as director. NBB
- Hedwig De Meyer stepped down as director. NBB
- Geert VANDERSTUKKEN BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.6 million (▼ 82% vs 2024). filed late Source: NBB ↗
- Katleen De Meyer became a director. NBB
- Hedwig De Meyer became a director. NBB
- Geert VANDERSTUKKEN BV became a director. NBB
In short
From € 657,818 profit in 2022 to € 1.6 million profit in 2025.
Paid € 997,513 in corporate taxes since 2022.
Best year ever: 2023, with € 16.4 million profit.
Paid out € 29.5 million in dividends to the owners in total.
Management
It owns 100% of Stage-Invest Nederland B.V., 100% of Stageco Properties U.S., Inc., 100% of Stageco US, Inc., 100% of Stageco Grundbesitz GmbH, 100% of Steel Logistics and 100% of Stageco Nederland B.V. itself.
Directors
According to the 2025 annual accounts
Director · represented by Hans WILLEMS
Also active at: Stageco Belgium, WI-invest, WICREATIONS
since 2023 · until 2028
since 2026 · until 2031
since 2023 · until 2028
Director · represented by Geert VANDERSTUKKEN
Also active at: VEMA-TRANS, HEIST RECYCLING, Stageco Belgium, HESTON, WI-invest, CENTRE D'AFFAIRES LIEGE AVROY, WICREATIONS
since 2023 · until 2028
Establishments
Establishment units
Physical locations of this company
Klein Terbankstraat(TIL) 65
3150 Haacht
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0476.115.590
- VAT number
- BE 0476.115.590
- Registered office
- Klein Terbankstraat(TIL) 65, 3150 Haacht
- Names & denominations
- CLOSED CIRCLE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 November 2001
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
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