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15SQUARE

Active Private limited companyfounded 1994active for 32 yearsAmerikalei 225, 2000 AntwerpKBO/BCE: BE 0452.907.351 subsidiary of I.T. SOLUTIONS
15SQUARE
Financial year 2025
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Annual accounts 2025

micro format, filed on 27-08-2026, 27 days late
Gross margin
€184,884
▼ 20.1%
Operating result
€100,909
▼ 35.1%
Profit
€63,471
▼ 47.1%
Working capital
€76,486
▼ 5.6%
Solvency
65.9%
▲ 2.7 percentage points
Current ratio
1.25
▼ 0.09

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €610,000. Estimated: probably between €430,000 and €940,000.

Balance sheet

balance sheet total €2.3m on 31-12-2025
What the company ownsHow it is paid for

Change in equityin €m

Change in cashin euro

Position in the sector

Compare with sector

Solvency65.9%

Higher than 74% of 9,415 companies in 2025.

Current ratio1.25

Higher than 34% of 9,163 companies in 2025.

Return on assets2.8%

Higher than 37% of 9,235 companies in 2025.

15SQUARE Middle half of the sector 80% of the sector Micro accounts in construction of buildings (NACE 41)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
Balance sheet: assets
Total assets20/58 2.3m2.3m2.1m1.4m1.4m1.4m112,842112,90590,03184,35770,24264,57456,079100,39795,653117,353113,540126,236170,956
Fixed assets21/28 1.9m1.9m1.9m1.2m1.2m1.2m33,38430,80633,73536,66440,68546,98941,03151,65366,31782,25090,45896,704149,283
Tangible fixed assets22/27 1.9m1.9m1.9m1.2m1.2m1.2m33,38430,80633,73536,66440,68546,98941,03151,65366,31782,25090,45896,704107,418
Land and buildings22 1.1m1.1m1.1m1.1m1.1m1.1m30,43530,80633,73536,66439,03942,75137,07949,28762,76977,51890,45896,704107,044
Plant, machinery and equipment23 802,631855,342827,43086,8222,2932,6212,949---1,6474,2383,9512,3663,5494,732--374
Furniture and vehicles24 17,0407,67011,50516,04520,585--------------
Financial fixed assets28 ------------------41,865
Current assets29/58 388,559324,339181,382185,206287,583274,13779,45882,09956,29647,69329,55717,58515,04948,74429,33535,10323,08329,53221,672
Amounts receivable within one year40/41 334,972241,668156,951182,660283,055262,43877,57179,64155,21342,315-131311-3,4083,4083,5336,582
Trade receivables40 2,24111,625--23,662--------------
Other amounts receivable41 332,731230,043156,951182,660259,392262,43877,57179,64155,21342,315-131311-3,4083,4083,5336,582
Current investments50/53 ----------------10,00010,000-
Cash at bank and in hand54/58 52,90576,41124,4312,5464,52911,7001,8872,4581,0835,37829,55717,57115,03548,73329,33531,6959,67415,99915,090
Deferred charges and accrued income490/1 6816,259-----------------
Balance sheet: equity and liabilities
Total equity and liabilities10/49 2.3m2.3m2.1m1.4m1.4m1.4m112,842112,90590,03184,35770,24264,57456,079100,39795,653117,353113,540126,236170,956
Equity10/15 1.5m1.4m1.3m1.4m1.4m1.4m74,67467,53561,88661,75461,23352,57944,62792,52087,80684,93784,33083,74079,618
Contributions10/11 1.3m1.3m1.3m1.3m1.3m1.3m-18,60018,60018,60018,60018,60018,60065,43965,43965,43965,43965,43965,439
Capital10 ------18,600------------
Issued capital100 ------18,60018,60018,60018,60018,60018,60018,60065,43965,43965,43965,43965,43965,439
Reserves13 164,106100,6353,72034,78158,97155,26456,07448,93543,28643,15442,63333,97926,02727,08122,36719,49818,89118,30114,179
Non-distributable reserves130/1 3,7203,7203,7203,7203,7203,720-------------
Legal reserve130 ------1,8601,8601,8601,8609,5449,5449,5449,5449,5449,5449,5449,5449,544
Reserves not available under the articles1311 3,7203,7203,7203,7203,7203,720-------------
Distributable reserves133 160,38696,915-31,06155,25151,54454,21447,07541,42641,29433,08924,43516,48317,53812,8239,9549,3488,7574,636
Profit (loss) carried forward14 ---22,981----------------
Amounts payable17/49 773,957835,144805,49834,30050,76339,03138,16845,37028,14622,6039,01011,99511,4527,8777,84732,41629,21042,49691,337
Amounts payable after more than one year17 455,680586,594702,554----------------
Financial debts170/4 455,680586,594702,554----------------
Amounts payable within one year42/48 312,073243,33099,11633,03848,38937,89136,06945,13727,88720,1389,01011,99511,4527,8777,84732,41628,80541,69191,337
Current portion of amounts payable after more than one year42 130,896125,72836,335----------------
Trade debts44 19,86618,67015,8664,81425,674372261207207408--1,142--3,813--373
Suppliers440/4 19,86618,67015,8664,81425,674372261207207408--1,142--3,813--373
Taxes, remuneration and social security45 18,9314,32815,8966,9472,18710,0927,3282,250--4,7802,685------3,908
Taxes450/3 18,9314,32815,8966,9472,18710,0927,3282,250--4,7802,685------3,908
Other amounts payable47/48 142,38094,60431,01921,27720,52727,42728,48042,68027,68019,7304,2309,31010,3107,8777,84728,60328,80541,69187,056
Accrued charges and deferred income492/3 6,2045,2193,8281,2622,3741,1402,0992332592,465------405805-
Income statement
Non-recurring operating income76A --------51--1,142----125368-
Gross operating margin9900 184,884231,25812,40610,41124,06320,95730,82325,18631,13522,02521,20023,20513,69718,77820,05922,26719,15723,15415,368
Goods, raw materials, services and sundry goods60/61 ------8,422------------
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 75,83567,81044,19223,73620,7079,0616982,9292,9294,0216,30412,34313,45814,66415,93217,82516,27217,08215,968
Other operating charges640/8 8,1398,0806,2717,6655,4104,3746,5851,2224,6101,1881,2001,2711,2601,2058301,0951,1611,1821,144
Non-recurring operating charges66A ----------211---230---189
Operating profit (loss)9901 100,909155,368-38,056-20,990-2,0547,52223,54021,03523,59616,81613,6969,591-1,0212,9083,2973,3471,7244,890-1,744
Financial income75/76B 4,3403,5481,9381,3457,8647,5252,0311,9281,616315414706056591796182,244
Recurring financial income75 4,3403,5481,9381,3457,8647,5252,0311,9281,616315414706056591796182,244
Financial charges65/66B 23,90538,62417,7434,54590198606363110551071041071121,0881,4372,658342
Recurring financial charges65 23,90538,62417,7434,54590198606363110551071041071121,0881,4372,658342
Profit (loss) for the period before taxes9903 81,344120,292-53,861-24,1905,72014,84925,51122,90025,14817,02113,43410,640-1,0552,8613,0112,3185913,219-31
Income taxes67/77 17,873396181-2,0124,3673,3732,25017-4,7812,687--1,8531421,711--902-
Profit (loss) for the period9904 63,471119,896-54,042-24,1903,70810,48222,13820,65025,13117,0218,6537,952-1,0554,7142,8696075914,121-31
Profit (loss) for the period to be appropriated9905 63,471119,896-54,042-24,1903,70810,48222,13820,65025,13117,0218,6537,952-1,0554,7142,8696075914,121-31
Appropriation of the result
Profit (loss) to be appropriated9906 63,47196,915-54,042-24,1903,70810,48222,13820,65025,13117,0218,6537,952-1,0554,7142,8696075914,121-31
Profit (loss) brought forward from the previous period14P --22,981-----------------
Transfer from equity791/2 --31,06124,190-2,670---7,684--1,055-----31
Transfer to equity691/2 63,47196,915--3,70813,1517,1385,6501318,2058,6537,952-4,7142,8696075914,121-
To other reserves6921 63,47196,915--3,70813,1517,1385,6501318,2058,6537,952-4,7142,8696075914,121-
Profit to be distributed694/7 ------15,00015,00025,00016,500---------
Directors or managers695 ------15,00015,00025,00016,500---------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 12 older financial years (1995-2006) were filed as documents without figures as data, scans for example.

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 27-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 27 days after the deadline. Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00447380.

Financial year Type Filed Reference Document
31-12-2025 micro format 27-08-2026 2026-00447380 PDF
31-12-2024 micro format 09-10-2025 2025-00537536 PDF
31-12-2023 micro format 30-09-2024 2024-00478177 PDF
31-12-2022 micro format 25-10-2023 2023-00491746 PDF
31-12-2021 micro format 09-11-2022 2022-20517631 PDF
31-12-2020 micro format 23-03-2022 2022-08300251 PDF
31-12-2019 micro format 07-07-2020 2020-27100003 PDF
31-12-2018 micro format 30-12-2019 2019-78000319 PDF
31-12-2017 micro format 29-12-2018 2018-76100519 PDF
31-12-2016 micro format 30-09-2017 2017-66300209 PDF
31-12-2015 abbreviated format 25-03-2016 2016-07300118 PDF
31-12-2014 abbreviated format 12-03-2015 2015-06000073 PDF
31-12-2013 abbreviated format 09-04-2014 2014-08800069 PDF
31-12-2012 abbreviated format 28-03-2013 2013-07100403 PDF
31-12-2011 abbreviated format 16-03-2012 2012-06200198 PDF
31-12-2010 abbreviated format 05-04-2011 2011-07700235 PDF
31-12-2009 abbreviated format 24-03-2010 2010-07200188 PDF
31-12-2008 abbreviated format 30-03-2009 2009-09100059 PDF
31-12-2007 abbreviated format 26-03-2008 2008-07600381 PDF
31-12-2006 abbreviated format 23-03-2007 2007-08705134 PDF
31-12-2005 abbreviated format 14-03-2006 2006-07101466 PDF
31-12-2004 abbreviated format 16-03-2005 2005-07702618 PDF
31-12-2003 abbreviated format 01-04-2004 2004-09704405 PDF
31-12-2002 abbreviated format 08-05-2003 2003-13305304 PDF
31-12-2001 abbreviated format 11-04-2002 2002-09404716 PDF
31-12-2000 abbreviated format 20-04-2001 2001-10301550 PDF
31-12-1999 abbreviated format 27-03-2000 2000-07505328 PDF
31-12-1998 abbreviated format 08-03-1999 1999-04401217 PDF
31-12-1997 abbreviated format 15-04-1998 1998-06805362 PDF
31-12-1996 abbreviated format 20-05-1997 1997-08204722 PDF
31-12-1995 abbreviated format 22-04-1996 1996-06401178 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
EBITDA 176,744223,1796,1352,74618,65316,58324,23823,96426,52520,83820,00021,93412,43717,57319,22921,17217,99621,97214,224
Cash flow 139,306187,706-9,850-45424,41519,54222,83623,57928,06121,04314,95820,29612,40319,37918,80118,43216,86321,20315,937
Investment in fixed assets (approximation) 13,90074,395765,17385,46022,7001.1m3,276000018,3022,836009,61810,0266,36846,264
Change in cash -23,50751,98121,885-1,983-7,1719,813-5711,375-4,295-24,17911,9862,536-33,69819,398-2,36022,021-6,325909-
Working capital 76,48681,00882,266152,168239,195236,24643,38936,96228,40927,55520,5475,5903,59640,86721,4892,687-5,722-12,160-69,665
Solvency 65.9%63.2%62.0%97.6%96.5%97.3%66.2%59.8%68.7%73.2%87.2%81.4%79.6%92.2%91.8%72.4%74.3%66.3%46.6%
Current ratio 1.251.331.835.615.947.232.201.822.022.373.281.471.316.193.741.080.800.710.24
Debt to equity 0.520.580.610.030.040.030.510.670.450.370.150.230.260.090.090.380.350.511.15
ROE 4.2%8.4%-4.1%-1.8%0.3%0.8%29.6%30.6%40.6%27.6%14.1%15.1%-2.4%5.1%3.3%0.7%0.7%4.9%0.0%
ROA 2.8%5.3%-2.6%-1.7%0.3%0.7%19.6%18.3%27.9%20.2%12.3%12.3%-1.9%4.7%3.0%0.5%0.5%3.3%0.0%
Interest coverage 7.395.780.350.60over 100-over 100------------
Supplier credit ------11 days------------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€13,900€74,395€765,173€85,460€22,700
Depreciation and write-downs of the year€75,835€67,810€44,192€23,736€20,707

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on 15SQUARE

The operating result for 2025 is 35% lower than in 2024.

Debt's share of the balance-sheet total falls from 36.8% to 34.1%. Equity is higher and debt is lower.

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