Active · per the CBE, 3 October 2026

CIRCLE BIDCO

BE1024899525

Rechtspersoon Private limited company 1 establishment

CIRCLE BIDCO is registered with the CBE as active in: Activiteiten van holdings. Private Limited, started on 30 June 2025, 1 establishment.

Tervuursevest 362/1, 3000 Leuven

Behind the company: Viktor Kovalev, Morten Weicher.

Active for

1 year, 3 months

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 30 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

CIRCLE BIDCO from Leuven, company number BE1024899525, closed financial year 2025 with a result of € -5.9 million after tax. For that financial year CIRCLE BIDCO recorded revenue of € 620,699 and equity of € 221.2 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 2, 2026.

What it is worth Healthy

€ 221.2 million

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -5.9 million

Profit after tax over the fiscal year.

Cash in the bank

€ 532,942

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -5.9 million.

Debts at end 2025

Bank debt

€ 29.8 million

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 1 million

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 88 days on average.

Taxes

€ 135,966

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

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What happened to CIRCLE BIDCO?

What happened at CIRCLE BIDCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

  • New annual accounts for financial year 2025: loss of € 5.9 million. Source: NBB ↗
  • Viktor Kovalev became a director. NBB
  • New establishment in Leuven. KBO
  • Start of the company according to the CBE. KBO
  • Morten Weicher became a director. NBB

In short

Pays suppliers within 88 days on average.

Original PDFs at the National Bank ↗

A new publication or filing at CIRCLE BIDCO? We notify you, reason included.

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My folder 3 companies
  • 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
Real filings at the National Bank

Management

CIRCLE TOPCO 100%

The stake of CIRCLE TOPCO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

CIRCLE BIDCO
GS Pledge Co 100%

Behind CIRCLE BIDCO are Viktor Kovalev and Morten Weicher. The shares are held by CIRCLE TOPCO (100%). It owns 100% of GS Pledge Co itself.

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Directors

According to the 2025 annual accounts

Viktor Kovalev

Director

Also active at: CIRCLE TOPCO

since 2025

Morten Weicher

Director

Also active at: CIRCLE TOPCO

since 2025

Shareholders

CIRCLE TOPCO

100%

Participations

GS Pledge Co

100%

Establishments

Establishment units

Physical locations of this company

Registered office

Tervuursevest 362/1

3000 Leuven

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.

All companies at this address →

CIRCLE TOPCO same network

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number
1024.899.525
VAT number
BE 1024.899.525
Registered office
Tervuursevest 362/1, 3000 Leuven
Names & denominations
CIRCLE BIDCO
Enterprise type
Rechtspersoon
Legal form
Private limited company
Legal situation
Normale toestand
Start date
30 June 2025
Peppol
Active · Active since 13 Nov 2025
Activities · NACE

Activiteiten van holdings

View on CBE Public ↗ Annual accounts (NBB) ↗

Frequently asked questions

What does CIRCLE BIDCO do?
CIRCLE BIDCO is registered with the CBE as active in: Activiteiten van holdings. Private Limited, started on 30 June 2025, 1 establishment.
What is the address of CIRCLE BIDCO?
The registered office of CIRCLE BIDCO is located at Tervuursevest 362/1, 3000 Leuven.
Is CIRCLE BIDCO still active?
Yes. According to the CBE (3 October 2026) CIRCLE BIDCO is active, legal situation “Normale toestand”, started on 30 June 2025.
Is CIRCLE BIDCO registered on Peppol?
Yes, CIRCLE BIDCO is registered on the Peppol network with ID 0208:1024899525.
What is the enterprise number of CIRCLE BIDCO?
The enterprise number of CIRCLE BIDCO is BE1024899525.
When was CIRCLE BIDCO founded?
CIRCLE BIDCO was founded on 30 June 2025.