Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 65 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
45 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
CIRCL from Geel, company number BE0690765308, closed financial year 2025 with a result of € -712,735 after tax. For that financial year CIRCL recorded a gross margin of € -88,645 and equity of € 230,253. Compared with financial year 2024, the result moved from € -779,813 to € -712,735. The company made a loss. The buffer shrank hard: equity is 76 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ 230,253
▼ 76% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -712,735
▲ 9 % less loss than in 2024
Profit after tax over the fiscal year.
€ 891,650
▲ 64% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.2 million.
People and assets in 2025
3.3
▲ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 225,265
▼ 6% vs 2024
€ 68,300 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.
€ 16,300
▼ 22% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 800,000
€ 93,024 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 478,369
▲ 31% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 70,355
▲ 287% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 18,999 | € -587,243 | € -317,161 | € -88,645 | ▲ € 228,516 |
| Profit after taxes | € 17,612 | € -730,738 | € -779,813 | € -712,735 | ▲ € 67,079 |
| Equity | € 65,539 | € 1,722,801 | € 942,988 | € 230,253 | ▼ 76% |
| Total debts | € 126,669 | € 990,685 | € 1,379,490 | € 2,384,214 | ▲ 73% |
| Cash | € 189,599 | - | € 542,315 | € 891,650 | ▲ 64% |
| Retained profit | € 3,539 | € -727,199 | € -1,507,012 | € -2,219,747 | ▼ € 712,735 |
| Bank debt | € 0 | € 0 | € 0 | € 800,000 | |
| Balance sheet total | € 192,208 | € 2,713,486 | € 2,322,478 | € 2,614,467 | ▲ 13% |
| Employees (FTE) | - | 3 | 3 | 3.3 | ▲ 0.3 |
Key figures of CIRCL, 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 CIRCL?
What happened at CIRCL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Frank Van Hoydonck stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 712,735. Source: NBB ↗
- Manibel bv stepped down as director. NBB
- Jureco bv stepped down as director. NBB
- Rubannah bv stepped down as director. NBB
- Norsu bv stepped down as director. NBB
- JJ bv stepped down as director. NBB
- Womco bv stepped down as director. NBB
In short
From € 17,612 profit in 2022 to € 712,735 loss in 2025.
Paid € 2,669 in corporate taxes since 2022.
Best year ever: 2022, with € 17,612 profit.
A new publication or filing at CIRCL? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of VANHOUT, JANSSENS HUYBRECHTS HOLDING, BEXINVEST, Vanhout Projects comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CIRCLThe shares are held by VANHOUT (58.2%), JANSSENS HUYBRECHTS HOLDING (20%), BEXINVEST (20%) and Vanhout Projects (1.9%).
Directors
According to the 2025 annual accounts
Frank Van Hoydonck
Director
since 2025 · until 2030
Director · represented by Bert Lenaerts
Also active at: VANHOUT BILZEN, Vanhout Projects, VANHOUT, Carlyco, HBS, Isopearls, Colabora, Vanhout PPS +16 more
since 2023 · until 2026
Director · represented by Ronny Eijckmans
Also active at: VANHOUT BILZEN, Vanhout Projects, VANHOUT, Carlyco, HBS, RABOT INVEST, Isopearls, Colabora +18 more
since 2023 · until 2026
Director · represented by Jens Huybrechts
Also active at: Albeton, J. Janssens en Zonen, VAN DER VELDEN - BOUWMATERIALEN, ROBA BETONWERKEN, STABO, VDV IMMO, BOUWWERKEN ROBA
since 2023 · until 2026
Director · represented by Peter Bertels
since 2023 · until 2026
Director · represented by Jasmin Janssens
Also active at: Albeton, J. Janssens en Zonen, VAN DER VELDEN - BOUWMATERIALEN, ROBA BETONWERKEN, STABO, VDV IMMO, BOUWWERKEN ROBA
since 2023 · until 2026
Ven Tom
Director
since 2023 · until 2025
since 2023 · until 2026
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Lammerdries 12
2440 Geel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 45 companies are registered at this address.
All companies at this address →Vanhout Projects same network
€ 1.9 million revenue · 2025
VANHOUT same network
€ 125 million revenue · 2025
Carlyco same network
€ -8,669 gross margin · 2025
HBS same network
€ 7.3 million revenue · 2025
SPORT EN RECREATIE WESTERLO
€ 502,538 revenue · 2025
+40 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
- 0690.765.308
- VAT number
- BE 0690.765.308
- Registered office
- Lammerdries 12, 2440 Geel
- Names & denominations
- CIRCL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 February 2018
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Overige gespecialiseerde bouwactiviteiten, neg
Algemene bouw van residentiële gebouwen
Overige gespecialiseerde bouwwerkzaamheden
Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten
Computerconsultancy-activiteiten