B SQUARE
ActiveSummary
B SQUARE has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-3k) and a net result of €-5k. Equity is shrinking by ~34.3% per year across the filed fiscal years. Its solvency ranks better than 9% of 7058 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency0▼-46
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.71 against 1.23 in 2024; short-term debt: 132.7% and cash: 29.5% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-32.7%
Return on assets
-57.8%
Age of the figures
15 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-3k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 09-01-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
43 d early
2023
on the day
2022
14 d early
2021
on the day
2020
27 d early
2019
25 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-3k
2024 · €2k
2019: €-21klowest in 7 years
2020: €2k▲ +110% vs 2019
2021: €11k▲ +441% vs 2020highest in 7 years
2022: €-301▼ -103% vs 2021
2023: €-1k▼ -377% vs 2022
2024: €2k▲ +261% vs 2023
2025: €-3k▼ -231% vs 2024
2019 → 2025
Total assets
€9k▼ 17.4%
2024 · €11k
2019: €11k
2020: €7k▼ -36.2% vs 2019lowest in 7 years
2021: €15k▲ +122% vs 2020highest in 7 years
2022: €14k▼ -7.2% vs 2021
2023: €9k▼ -36.8% vs 2022
2024: €11k▲ +26.6% vs 2023
2025: €9k▼ -17.4% vs 2024
2019 → 2025
Net result
€-5k
2024 · €4k
2019: €-16klowest in 7 years
2020: €23k▲ +244% vs 2019highest in 7 years
2021: €9k▼ -61.7% vs 2020
2022: €-11k▼ -226% vs 2021
2023: €-1k▲ +89.9% vs 2022
2024: €4k▲ +431% vs 2023
2025: €-5k▼ -242% vs 2024
2019 → 2025
Working capital
€-4k
2024 · €2k
2019: €-21klowest in 7 years
2020: €2k▲ +110% vs 2019
2021: €10k▲ +416% vs 2020highest in 7 years
2022: €-3k▼ -124% vs 2021
2023: €-3k▼ -27.6% vs 2022
2024: €2k▲ +161% vs 2023
2025: €-4k▼ -279% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€11k-€-301€-1k▼ 377%€2k€-3k
2021: €11khighest in 5 years
2022: €-301▼ -103% vs 2021
2023: €-1k▼ -377% vs 2022
2024: €2k▲ +261% vs 2023
2025: €-3k▼ -231% vs 2024lowest in 5 years
Operating result€9k-€-11k€-520▲ 95.2%€4k€-5k
2021: €9khighest in 5 years
2022: €-11k▼ -224% vs 2021lowest in 5 years
2023: €-520▲ +95.2% vs 2022
2024: €4k▲ +913% vs 2023
2025: €-5k▼ -217% vs 2024
Net result€9k-€-11k€-1k▲ 89.9%€4k€-5k
2021: €9khighest in 5 years
2022: €-11k▼ -226% vs 2021lowest in 5 years
2023: €-1k▲ +89.9% vs 2022
2024: €4k▲ +431% vs 2023
2025: €-5k▼ -242% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €5k after €4k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9k
Fixed assets
€500 ▼ 16.0%
Current assets
€9k ▼ 17.5%
Key figures and ratios
EBITDA
€-5k▼
2024 · €8k
Cash flow
€-5k▼
2024 · €8k
Solvency
-32.7%▼
2024 · 20.7%
Current ratio
0.71▼
2024 · 1.23
Debt to equity
-4.06▼
2024 · 3.83
ROA
-57.8%▼
2024 · 33.5%
Interest coverage
-18.54▼
2024 · 23.24
Debt
€12k▲
2024 · €9k
Debt ≤ 1 year
€12k▲
2024 · €9k
Income taxes
€142▲
2024 · €134
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€11k€9k▼
Formation expenses20€0-
Fixed assets21/28€595€500▼
Tangible fixed assets22/27€95€0▼
Furniture and vehicles24€95€0▼
Financial fixed assets28€500€500=
Current assets29/58€11k€9k▼
Amounts receivable within one year40/41€10k€6k▼
Trade receivables40€9k€6k▼
Other amounts receivable41€933€0▼
Cash at bank and in hand54/58€556€3k▲
Deferred charges and accrued income490/1-€56
Equity and liabilities
Total equity and liabilities10/49€11k€9k▼
Equity10/15€2k€-3k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-16k€-22k▼
Amounts payable17/49€9k€12k▲
Amounts payable after more than one year17€240-
Financial debts170/4€240-
Amounts payable within one year42/48€9k€12k▲
Current portion of amounts payable after more than one year42€3k€240▼
Financial debts43€690€550▼
Credit institutions430/8€690€550▼
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Taxes, remuneration and social security45€3k€4k▲
Taxes450/3€3k€2k▼
Remuneration and social security454/9-€2k
Other amounts payable47/48€0€7k▲
Accrued charges and deferred income492/3€13-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€95▼
Other operating charges640/8€727€1k▲
Gross operating margin9900€9k€-4k▼
Operating profit (loss)9901€4k€-5k▼
Financial income75/76B€1€1▼
Recurring financial income75€1€1▼
Financial charges65/66B€346€261▼
Recurring financial charges65€346€261▼
Profit (loss) for the period before taxes9903€4k€-5k▼
Income taxes67/77€134€142▲
Profit (loss) for the period9904€4k€-5k▼
Profit (loss) for the period to be appropriated9905€4k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-16k€-22k▼
Profit (loss) brought forward from the previous period14P€-20k€-16k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €4k | €4k | €4k | €95 | ▼ 97.5% |
| Other operating charges640/8 | - | €712 | €708 | €727 | €1k | ▲ 44.0% |
| Non-recurring operating charges66A | - | €174 | - | - | - | - |
| Gross operating margin9900 | €9k | €-6k | €4k | €9k | €-4k | ▼ 143% |
| Operating profit (loss)9901 | €9k | €-11k | €-520 | €4k | €-5k | ▼ 217% |
| Financial income75/76B | - | €233 | €13 | €1 | €1 | ▼ 36.6% |
| Recurring financial income75 | €257 | €233 | €13 | €1 | €1 | ▼ 36.6% |
| Financial charges65/66B | - | €492 | €502 | €346 | €261 | ▼ 24.5% |
| Recurring financial charges65 | €86 | €492 | €502 | €346 | €261 | ▼ 24.5% |
| Profit (loss) for the period before taxes9903 | €9k | €-11k | €-1k | €4k | €-5k | ▼ 234% |
| Income taxes67/77 | - | €114 | €126 | €134 | €142 | ▲ 5.7% |
| Profit (loss) for the period9904 | €9k | €-11k | €-1k | €4k | €-5k | ▼ 242% |
| Profit (loss) for the period to be appropriated9905 | €9k | €-11k | €-1k | €4k | €-5k | ▼ 242% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €15k | €14k | €9k | €11k | €9k | ▼ 17.4% |
| Formation expenses20 | - | - | €0 | €0 | - | - |
| Fixed assets21/28 | €500 | €8k | €5k | €595 | €500 | ▼ 16.0% |
| Tangible fixed assets22/27 | - | €8k | €4k | €95 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €8k | €4k | €95 | €0 | ▼ 100% |
| Financial fixed assets28 | €500 | €500 | €1k | €500 | €500 | = |
| Current assets29/58 | €15k | €6k | €4k | €11k | €9k | ▼ 17.5% |
| Amounts receivable after more than one year29 | - | €1k | - | - | - | - |
| Other amounts receivable291 | - | €1k | - | - | - | - |
| Amounts receivable within one year40/41 | €5k | €3k | €1k | €10k | €6k | ▼ 40.6% |
| Trade receivables40 | - | €3k | €1k | €9k | €6k | ▼ 34.5% |
| Other amounts receivable41 | - | - | - | €933 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €501 | €486 | €2k | €556 | €3k | ▲ 391% |
| Deferred charges and accrued income490/1 | - | €789 | - | - | €56 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €15k | €14k | €9k | €11k | €9k | ▼ 17.4% |
| Equity10/15 | €11k | €-301 | €-1k | €2k | €-3k | ▼ 231% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-8k | €-19k | €-20k | €-16k | €-22k | ▼ 32.8% |
| Amounts payable17/49 | €4k | €14k | €10k | €9k | €12k | ▲ 38.3% |
| Amounts payable after more than one year17 | - | €6k | €3k | €240 | - | - |
| Financial debts170/4 | - | €6k | €3k | €240 | - | - |
| Amounts payable within one year42/48 | €4k | €8k | €7k | €9k | €12k | ▲ 42.3% |
| Current portion of amounts payable after more than one year42 | - | €3k | €3k | €3k | €240 | ▼ 91.6% |
| Financial debts43 | - | €112 | €290 | €690 | €550 | ▼ 20.3% |
| Credit institutions430/8 | - | €112 | €290 | €690 | €550 | ▼ 20.3% |
| Trade debts44 | €2k | €2k | €1k | €2k | €1k | ▼ 27.5% |
| Suppliers440/4 | - | €2k | €1k | €2k | €1k | ▼ 27.5% |
| Taxes, remuneration and social security45 | - | €3k | €2k | €3k | €4k | ▲ 5.6% |
| Taxes450/3 | - | €2k | €2k | €3k | €2k | ▼ 44.3% |
| Remuneration and social security454/9 | - | €2k | - | - | €2k | - |
| Other amounts payable47/48 | - | €431 | €952 | €0 | €7k | - |
| Accrued charges and deferred income492/3 | - | €113 | €109 | €13 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9k | €-11k | €-1k | €4k | €-5k | ▼ 242% |
| + Depreciation and write-downs630 | - | €4k | €4k | €4k | €95 | ▼ 97.5% |
| Operating cash flow (approximation) | €9k | €-8k | €3k | €8k | €-5k | ▼ 169% |
| Investment in fixed assets (approximation) | - | €-11k | €-590 | €590 | €0 | ▼ 100% |
| Change in cash | - | €-15 | €2k | €-2k | €2k | ▲ 213% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
19-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Back to profitnet €4k
Net result €4k after 2 loss-making years.
30-06
Financial
Liquidity doublescurrent ratio 1.23
Current ratio from 0.54 to 1.23.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
17-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Liquidity doublescurrent ratio 3.55
Current ratio from 1.43 to 3.55; short-term debt falls from €5k to €4k.
04-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €23k
Net result €23k after one loss-making year.
30-06
Financial
Liquidity quadruplescurrent ratio 1.43
Current ratio from 0.33 to 1.43; short-term debt falls from €32k to €5k.
06-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
15-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Stoumont · 1 establishment unit since 2014
Ground area
1,997 m²
Parcel 63042G2645/00C002, Wallonia. Linked by address, not a title deed.
1 establishment unit
B SQUARE
since 20142.227.545.018
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63042G2645/00C002 | Wallonia | 1,997 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteStoumont2.227.545.018
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Of 9,862 companies in sector 73110 we hold annual accounts for 3,753. 912 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-02-2014
Fiscal year end30-06
Activities, NACEBEL 2025
73110Advertising agencies
46370Wholesale trade
56301Cafés and bars
62100Computer programming
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.