A-SQUARED
ActiveSummary
A-SQUARED has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €451,849 and a net result of €32,635, of which €48,371 non-recurring income. Equity is growing by about 14% per year across the filed financial years. Its solvency ranks better than 62% of 10,789 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
- Staff
- 1 FTE
- Equity
- €451,849
- Profit
- €32,635
Why 84raises riskLast filed accounts filed 45 days late; 1 of the last 3 lateLiquidity: current ratio 4.00, cash €3,735, halvedlowers riskEquity €451,849 (65.6% of total assets)Size: 1 FTE, total assets €688,351Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro): better than 61% on solvency, 28% on liquidity, 39% on profitability and 34% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 18 days after the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Annual accounts filedfinancial year 2023 · abbreviated…
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (45 days) Filed on 14 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00512052.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €29,744 after a loss of €44,364 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 17,041 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94.4% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,041 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €48,371 | - |
| Remuneration, social security and pensions62 | - | - | - | - | - | - | €250 | €38,379 | ▲ 154× |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,158 | €20,193 | €20,198 | €2,058 | €1,595 | €2,779 | €16,719 | €29,743 | ▲ 77.9% |
| Other operating charges640/8 | - | - | - | €1,801 | €2,428 | €3,654 | €2,275 | €2,684 | ▲ 18.0% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €779 | - |
| Gross operating margin9900 | -€54,907 | -€41,416 | -€486 | €48,443 | €42,528 | -€16,330 | -€25,120 | €101,330 | - |
| Operating profit (loss)9901 | -€80,602 | -€66,026 | -€22,860 | €44,584 | €38,505 | -€22,764 | -€44,364 | €29,744 | - |
| Financial income75/76B | - | - | - | €124,295 | €76,282 | €104,033 | €120,445 | €10,992 | ▼ 90.9% |
| Recurring financial income75 | €135,658 | €120,950 | €35,571 | €118,259 | €68,782 | €104,033 | €120,445 | €10,992 | ▼ 90.9% |
| Non-recurring financial income76B | - | - | - | €6,036 | €7,500 | €0 | - | - | - |
| Financial charges65/66B | - | - | - | €238 | €353 | €548 | €2,194 | €4,189 | ▲ 91.0% |
| Recurring financial charges65 | €1,365 | €469 | €320 | €238 | €353 | €548 | €2,194 | €4,189 | ▲ 91.0% |
| Profit (loss) for the period before taxes9903 | €53,691 | €54,455 | €12,391 | €168,641 | €114,434 | €80,720 | €73,888 | €36,547 | ▼ 50.5% |
| Income taxes67/77 | €2,611 | €5,309 | €1,459 | €15,671 | €10,747 | €7,697 | €7,147 | €3,912 | ▼ 45.3% |
| Profit (loss) for the period9904 | €51,080 | €49,146 | €10,933 | €152,970 | €103,687 | €73,023 | €66,741 | €32,635 | ▼ 51.1% |
| Profit (loss) for the period to be appropriated9905 | €51,080 | €49,146 | €10,933 | €152,970 | €103,687 | €73,023 | €66,741 | €32,635 | ▼ 51.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €302,663 | €283,312 | €259,997 | €299,384 | €405,406 | €444,805 | €571,751 | €688,351 | ▲ 20.4% |
| Fixed assets21/28 | €252,011 | €26,266 | €7,781 | €5,724 | €11,795 | €12,200 | €159,391 | €283,688 | ▲ 78.0% |
| Tangible fixed assets22/27 | €40,411 | €23,666 | €5,181 | €3,124 | €9,195 | €8,850 | €156,041 | €105,867 | ▼ 32.2% |
| Plant, machinery and equipment23 | - | - | - | €1,114 | €3,150 | €3,040 | €3,101 | €2,078 | ▼ 33.0% |
| Furniture and vehicles24 | - | - | - | €592 | €3,641 | €3,738 | €146,121 | €100,345 | ▼ 31.3% |
| Other tangible fixed assets26 | - | - | - | €1,418 | €2,405 | €2,072 | €6,819 | €3,444 | ▼ 49.5% |
| Financial fixed assets28 | €211,600 | €2,600 | €2,600 | €2,600 | €2,600 | €3,350 | €3,350 | €177,821 | ▲ 53× |
| Current assets29/58 | €50,652 | €257,046 | €252,216 | €293,661 | €393,611 | €432,605 | €412,359 | €404,663 | ▼ 1.9% |
| Amounts receivable after more than one year29 | - | - | - | - | €127,500 | €202,500 | €212,500 | €212,500 | = |
| Other amounts receivable291 | - | - | - | - | €127,500 | €202,500 | €212,500 | €212,500 | = |
| Stocks and contracts in progress3 | - | - | - | - | - | €27,685 | €27,685 | €26,694 | ▼ 3.6% |
| Stocks30/36 | - | - | - | - | - | €27,685 | €27,685 | €26,694 | ▼ 3.6% |
| Amounts receivable within one year40/41 | €12,622 | €223,081 | €215,625 | €230,923 | €165,034 | €200,286 | €108,257 | €155,489 | ▲ 43.6% |
| Trade receivables40 | - | - | - | €20,685 | €59,000 | €89,370 | €79,422 | €47,732 | ▼ 39.9% |
| Other amounts receivable41 | - | - | - | €210,238 | €106,034 | €110,916 | €28,835 | €107,756 | ▲ 274% |
| Current investments50/53 | €25,244 | €25,244 | €25,244 | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €11,503 | €6,284 | €8,870 | €27,725 | €98,511 | €600 | €61,813 | €3,735 | ▼ 94.0% |
| Deferred charges and accrued income490/1 | - | - | - | €35,012 | €2,566 | €1,534 | €2,104 | €6,245 | ▲ 197% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €302,663 | €283,312 | €259,997 | €299,384 | €405,406 | €444,805 | €571,751 | €688,351 | ▲ 20.4% |
| Equity10/15 | €198,606 | €247,752 | €231,639 | €269,013 | €348,476 | €421,499 | €468,360 | €451,849 | ▼ 3.5% |
| Contributions10/11 | €10,000 | €10,000 | - | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €188,606 | €237,752 | €221,639 | €259,013 | €338,476 | €411,499 | €458,360 | €441,849 | ▼ 3.6% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €257,153 | €336,616 | €411,499 | €458,360 | €441,849 | ▼ 3.6% |
| Profit (loss) carried forward14 | - | - | - | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €104,057 | €35,559 | €28,358 | €30,372 | €56,930 | €23,306 | €103,390 | €236,502 | ▲ 129% |
| Amounts payable after more than one year17 | €10,500 | - | - | - | - | - | €73,671 | €135,369 | ▲ 83.7% |
| Financial debts170/4 | - | - | - | - | - | - | €73,671 | €135,369 | ▲ 83.7% |
| Amounts payable within one year42/48 | €93,557 | €35,559 | €28,358 | €30,372 | €56,930 | €23,306 | €29,720 | €101,132 | ▲ 240% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | €18,740 | €59,145 | ▲ 216% |
| Trade debts44 | €4,019 | €11,856 | €1,754 | €3,554 | €3,663 | €2,111 | €4,573 | €26,313 | ▲ 475% |
| Suppliers440/4 | - | - | - | €3,554 | €3,663 | €2,111 | €4,573 | €26,313 | ▲ 475% |
| Taxes, remuneration and social security45 | - | - | - | €16,977 | €26,434 | €18,444 | €6,407 | €15,674 | ▲ 145% |
| Taxes450/3 | - | - | - | €16,977 | €26,434 | €18,444 | €6,407 | €9,140 | ▲ 42.7% |
| Remuneration and social security454/9 | - | - | - | - | - | - | - | €6,534 | - |
| Other amounts payable47/48 | - | - | - | €9,841 | €26,833 | €2,750 | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €51,080 | €49,146 | €10,933 | €152,970 | €103,687 | €73,023 | €66,741 | €32,635 | ▼ 51.1% |
| + Depreciation and write-downs630 | €21,158 | €20,193 | €20,198 | €2,058 | €1,595 | €2,779 | €16,719 | €29,743 | ▲ 77.9% |
| Operating cash flow (approximation) | €72,238 | €69,339 | €31,131 | €155,028 | €105,282 | €75,803 | €83,460 | €62,379 | ▼ 25.3% |
| Investment in fixed assets (approximation) | - | €205,552 | -€1,714 | €0 | -€7,667 | -€3,185 | -€163,910 | -€154,040 | ▲ 6.0% |
| Change in cash | - | -€5,220 | €2,587 | €18,855 | €70,785 | -€97,911 | €61,213 | -€58,078 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 14-09-2026 | 2026-00512052 |
| 31-12-2024 | abbreviated format | 11-08-2025 | 2025-00370435 |
| 31-12-2023 | abbreviated format | 27-08-2024 | 2024-00374142 |
| 31-12-2022 | abbreviated format | 28-08-2023 | 2023-00359792 |
| 31-12-2021 | micro format | 22-08-2022 | 2022-20300050 |
| 31-12-2020 | micro format | 08-07-2021 | 2021-33700587 |
| 31-12-2019 | abbreviated format | 19-08-2020 | 2020-42500482 |
| 31-12-2018 | abbreviated format | 28-08-2019 | 2019-54100373 |
| 31-12-2017 | micro format | 31-08-2018 | 2018-59200187 |
| 31-12-2016 | micro format | 26-07-2017 | 2017-36400435 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| DEZILLIE Sam |
|
Owners and capital
Owners
2 ownersOwners 2
- Sam Dezillienatural personSourceown accounts 202380%
- Eline Fimmersnatural personSourceown accounts 202320%
According to the 2025 annual accounts of A-SQUARED and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 28-12-2023 Converted to unavailable equity
Group and network
Holdings and subsidiaries
3 holdingsHoldings 3
Source for every holding own accounts 2025
- A-ProjectsNLsubsidiaryEquity €5,106Result €97,144100%
- Sao Pedro Hills Hoteis e Immobiliaria SACVEquity -€580,849Result -€198,00612.5%
- TheColourBlueLU11.33%
According to the 2025 annual accounts of A-SQUARED and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
28-12
Gazette deed
Resignation: DEZILLIE Sam (manager)Appointment: DEZILLIE Sam (director) · Permanent representative: DEZILLIE Sam · Amendment of the articles11 facts ▸
- General meeting, 18-12-2023
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “middelen beschikbaar voor uitkering, opheffing” (deed in Dutch)
- Other provision, “bijzonder verslag bestuursorgaan over voorstel aanpassing voorwerp, samen met akte op griffie bevoegde ondernemingsrechtbank” (deed in Dutch)
- Purpose change
- Director resignation, DEZILLIE Sam (manager)
- Director appointment, DEZILLIE Sam (director (not named in the articles))
- Permanent representative, DEZILLIE Sam
- Registered office clause, “Elzendreef 5, zesde besluit verklaart adres zetel” (deed in Dutch)
- Power of attorney, Karin Poelemans
Show earlier events
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Legal Entity Identifier
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11039A0251/00E000 | Flanders | 2,057 m² | 1 · 189 m² | 19.8 m · 2 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- A-SQUARED
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Administratieve zetels,agentschappen,werkhuizen,stapelplaatsen,bijkantoren in België of buitenland bij enkel besluit bestuursorgaan, Vlaams…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “BESTUUR EN VERTEGENWOORDIGING : Bestuursorgaan De vennootschap wordt bestuurd door één of meer bestuurders, natuurlijke personen of…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, met of zonder beperking van duur,indien benoemd in statuten hoedanigheid statutair bestuurder mogelijk” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Fourth Monday of June at 19:30