Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
53 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Circul 2020 from Sint-Joost-ten-Node, company number BE0688695347, closed financial year 2025 with a result of € -8,923 after tax. For that financial year Circul 2020 recorded revenue of € 9.6 million and equity of € 65,862. Compared with financial year 2024, the result moved from € -359 to € -8,923. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 26, 2026.
€ 65,862
▼ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -8,923
▼ 2388 % more loss than in 2024
Profit after tax over the fiscal year.
€ 646,964
▲ 14% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 4,362.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2 million
▲ 18% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 74 days on average.
€ 944,873
▲ 109% 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 | |
|---|---|---|---|---|---|
| Revenue | € 14,553,015 | € 9,182,197 | € 6,796,248 | € 9,604,400 | ▲ 41% |
| Profit after taxes | € -53,919 | € 82,051 | € -359 | € -8,923 | ▼ € 8,564 |
| Equity | € -6,908 | € 75,143 | € 74,785 | € 65,862 | ▼ 12% |
| Total debts | € 4,533,864 | € 5,522,061 | € 3,166,337 | € 3,401,804 | ▲ 7% |
| Cash | € 4,376,397 | € 2,825,456 | € 568,257 | € 646,964 | ▲ 14% |
| Retained profit | € -68,408 | € 13,643 | € 13,285 | € 4,362 | ▼ 67% |
| Balance sheet total | € 4,527,012 | € 5,597,260 | € 3,241,177 | € 3,467,722 | ▲ 7% |
Key figures of Circul 2020, 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 Circul 2020?
What happened at Circul 2020 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Filip Cocquereaux stepped down as director. NBB
- Paul Lievens stepped down as director. NBB
- Cedric Hannaert stepped down as director. NBB
- Mark Beyst - Consultancy SRL stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 8,923. Source: NBB ↗
- Eric Christyn de Ribaucourt stepped down as director. NBB
- Cedric Hannaert became a director. NBB
- Filip Cocquereaux became a director. NBB
In short
From € 53,919 loss in 2022 to € 8,923 loss in 2025.
Paid € 29,992 in corporate taxes since 2022.
Best year ever: 2023, with € 82,051 profit.
Pays suppliers within 74 days on average.
Management
The shares are held by EQUANS SA (75%), Besix SA (12.5%) and Jan De Nul SA (12.5%).
Directors
According to the 2025 annual accounts
Filip Cocquereaux
Director
since 2023 · until 2029
since 2023 · until 2029
Eric Christyn de Ribaucourt
Director
since 2023 · until 2025
since 2025 · until 2029
Director · represented by Mark Beyst
Also active at: Entreprises Jacques Delens, BESIX Unitec, BESIX Infra, SUD - CONSTRUCT, VANHOUT, SOCOGETRA, COMPAGNIE BELGE DE BATIMENT, RABOT INVEST +2 more
since 2023 · until 2029
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Koning Albert II-laan 19
1210 Sint-Joost-ten-Node
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 53 companies are registered at this address.
All companies at this address →Instituut van de Bedrijfsrevisoren
ISB BUILDING TECHNICS
€ 25.3 million revenue · 2025
EQUANS Services
€ 527.9 million revenue · 2025
Transnubel
€ 25.4 million revenue · 2025
ASSURALIA (beroepsvereniging van verzekeringsondernemingen)
€ 1.6 million revenue · 2025
+48 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0688.695.347
- VAT number
- BE 0688.695.347
- Registered office
- Koning Albert II-laan 19, 1210 Sint-Joost-ten-Node
- Names & denominations
- Circul 2020
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 January 2018
- Peppol
- Active · Active since 20 Jan 2026
- Contact
- equans.be
- Activities · NACE
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