Equity
€82,852 ▲ 42.9%
B Squared has made a profit in every financial year since 2022.
B Squared
Overview
Lifetime
4 annual accounts with figures on one time axispeak €60,968 (2024)
€34,699▼ 43.1%
peak €46,716 (2024)
€24,859▼ 46.8%
peak €82,852 (2025)
€82,852▲ 42.9%
€13,674▼ 69.0%
Board2 names since 2021
2 directorsFrançoise BEGHIN and 1 other
Documentsfilings and deeds
29-04-20261 day before the deadline
2025micro format
Gross margin from €60,968 to €34,699Result from €46,716 to €24,859Equity from €57,993 to €82,852Debts from €44,066 to €13,674Investments €25,534Cash from €97,410 to €68,183
Key points
from the 2025 annual accountsTurnover
≈ €76,000 estimated
The micro format states no turnover.
Investments
€25,534 10.7 × depreciation
Green is investment, beige is depreciation.
Liquidity
5.85 was 2.37 in 2024
Short-term debts fell from €42,866 to €12,474.
Filings
4 annual accounts since 2022
The last four annual accounts were filed 1 to 27 days before the end of the period.
Position in the sector
85.8%
Higher solvency than 89% of companies in real estate. Sector median 28.9% · 17,185 companies.
Checked score
99
Excellent
Financially stronger than 91% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025highest value
05-2025: < 0.1%▼ -0.1 percentage points vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 5.85, cash €68,183
Sector: Real estate activities (NACE 68)
Equity €82,852 (85.8% of total assets)
Figures for financial year 2025 (filed on 29-04-2026)
Calculation
The band follows from the bankruptcy probability. 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 68, micro). It does better than 91% of them on solvency, 95% on liquidity, 95% on profitability and 84% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 26,972 companies had the same profile as B Squared has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of B Squared itself is lower: < 0.1% within 12 months. It rests on far more data about B Squared than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for B Squared. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €8,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.85 (2.37 in 2024), above the usual 1.5. Short-term debt is 12.9% and cash 70.6% of total assets. 14.2% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
1 day early
2024
1 day early
2023
7 days early
2022
27 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 9 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 27 April (4 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end09-11-2026 today30-04-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0775492828
Appointment: BEHIELS Jozef (director)
General meeting of 05-09-2022 · Gazette deed
Incorporation
Founding capital of €10,000 · Founder: Françoise BEGHIN · Appointment: Françoise BEGHIN (director) · published on 12-10-2021 · Gazette deed
First establishment
Oudstrijdersstraat 4, Hove
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| B Squared Hove | €96,526 | €34,699 | 85.8% | - |
| QUALIS LABOR Kontich | €104,972 | €28,527 | 2.4% | - |
| VM Real Estate Dessel | €76,581 | €33,994 | 5.2% | - |
| IMMO LANERA Liège | €94,193 | €33,367 | 50.5% | - |
| Verus Praedium Lochristi | €102,418 | €32,307 | 61.0% | - |
| QUEM INVEST Nivelles | €88,648 | €35,513 | 43.2% | - |
| JRC IMMO Linter | €98,950 | €31,437 | 58.1% | - |
These companies have the same main activity as B Squared: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €76,600 and €105,000, founded between 2021 and 2022.
Official details
Source: KBO- Status
- Active since 08-10-2021Normal situation
- Activity
- Real estate agency activitiesNACE 68310and 4 others
- Establishment unit
- 2.325.431.0822540 Hove, since 08-10-2021
- Financial year end
- 30 September
- Peppol
- Reachable since 11-12-2025
Annual accounts to 30-09-2025
- €34,699▼ 43.1%
- €24,859▼ 46.8%
- €82,852▲ 42.9%
- €96,526▼ 5.4%
- Filing
- Filed on 29-04-2026, 1 day before the end of the filing period
Insights on B Squared
B Squared files the micro format. That format states no turnover. The gross margin rose from €19,428 in 2022 to €34,699 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 29-04-2026, 1 day before the deadline€34,699
▼ 43.1%
€31,067
▼ 47.5%
€24,859
▼ 46.8%
€60,453
▲ 2.9%
85.8%
▲ 29.0 percentage points
5.85
▲ 3.48
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 ≈ €76,000. Estimated: probably between €52,000 and €130,000.
Balance sheet
balance sheet total €96,526 on 30-09-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
85.8%
Higher than 89% of 17,185 companies in 2025.
5.85
Higher than 87% of 16,482 companies in 2025.
25.8%
Higher than 89% of 16,861 companies in 2025.
B Squared
Middle half of the sector
80% of the sector
Micro accounts in real estate (NACE 68)
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
96,526 | 102,060 | 43,299 | 30,465 | |
21/28 |
23,599 | 441 | 863 | - | |
22/27 |
23,599 | 441 | 863 | - | |
24 |
21,281 | 441 | 863 | - | |
26 |
2,318 | - | - | - | |
29/58 |
72,927 | 101,619 | 42,436 | 30,465 | |
40/41 |
3,101 | 3,061 | 777 | 65 | |
40 |
641 | 3,061 | 670 | - | |
41 |
2,460 | - | 107 | 65 | |
54/58 |
68,183 | 97,410 | 41,659 | 30,320 | |
490/1 |
1,642 | 1,148 | - | 81 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
96,526 | 102,060 | 43,299 | 30,465 | |
10/15 |
82,852 | 57,993 | 31,277 | 23,409 | |
10/11 |
10,000 | 10,000 | 10,000 | 10,000 | |
13 |
72,852 | 47,993 | 21,277 | 13,409 | |
133 |
72,852 | 47,993 | 21,277 | 13,409 | |
17/49 |
13,674 | 44,066 | 12,022 | 7,057 | |
42/48 |
12,474 | 42,866 | 10,822 | 5,857 | |
44 |
6,999 | 4,013 | 2,236 | 69 | |
440/4 |
6,999 | 4,013 | 2,236 | 69 | |
45 |
1,182 | 14,710 | 4,492 | 3,589 | |
450/3 |
1,182 | 14,710 | 4,492 | 3,589 | |
47/48 |
4,293 | 24,143 | 4,094 | 2,199 | |
492/3 |
1,200 | 1,200 | 1,200 | 1,200 | |
| Income statement | |||||
9900 |
34,699 | 60,968 | 11,853 | 19,428 | |
630 |
2,376 | 422 | 404 | - | |
640/8 |
1,257 | 1,332 | 1,031 | 2,387 | |
9901 |
31,067 | 59,214 | 10,418 | 17,041 | |
75/76B |
575 | 0 | 0 | 0 | |
75 |
575 | 0 | 0 | 0 | |
65/66B |
72 | 106 | 46 | 43 | |
65 |
72 | 106 | 46 | 43 | |
9903 |
31,570 | 59,108 | 10,372 | 16,998 | |
67/77 |
6,712 | 12,392 | 2,504 | 3,589 | |
9904 |
24,859 | 46,716 | 7,868 | 13,409 | |
9905 |
24,859 | 46,716 | 7,868 | 13,409 | |
| Appropriation of the result | |||||
9906 |
24,859 | 46,716 | 7,868 | 13,409 | |
691/2 |
24,859 | 26,716 | 7,868 | 13,409 | |
6921 |
24,859 | 26,716 | 7,868 | 13,409 | |
694/7 |
- | 20,000 | - | - | |
694 |
- | 20,000 | - | - | |
| Document | |||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 29-04-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 33,442 | 59,636 | 10,822 | - | ||
| 27,234 | 47,138 | 8,272 | - | ||
| 25,534 | 0 | 1,266 | - | ||
| -29,227 | 55,751 | 11,339 | - | ||
| 60,453 | 58,753 | 31,614 | 24,609 | ||
| 85.8% | 56.8% | 72.2% | 76.8% | ||
| 5.85 | 2.37 | 3.92 | 5.20 | ||
| 0.17 | 0.76 | 0.38 | 0.30 | ||
| 30.0% | 80.6% | 25.2% | 57.3% | ||
| 25.8% | 45.8% | 18.2% | 44.0% | ||
| over 100 | over 100 | over 100 | - |
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| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €25,534 | - | €1,266 | - |
| €2,376 | €422 | €404 | - |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on B Squared
The operating result for 2025 is 48% lower than in 2024.
Debt's share of the balance-sheet total falls from 43.2% to 14.2%. Equity is higher and debt is lower.
Board & ownership
Board
2 directors, no change since 2022Director (not named in the articles)
appointed by deed of 12-10-2021
term without a fixed end
listed in the 2025 annual accounts, filed on 29-04-2026
Director
appointed by deed of 30-12-2022
also on the board of 1 other company
listed in the 2025 annual accounts, filed on 29-04-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “9. De vennootschap wordt bestuurd door één of meer bestuurders, natuurlijke personen of rechtspersonen, al dan niet aandeelhouder, benoemd…”deed of 12-10-2021
Mandates through the years
2 names, the dashed line is todayFrançoise BEGHIN
Director (not named in the articles)
Director (not named in the articles)
BEHIELS Jozef
Director
Director
Boardmandate already running before its first mention
Mandates as a list
- Françoise BEGHIN
- Director (not named in the articles), from 08-10-2021 to date
- BEHIELS Jozef
- Director, since before 30-09-2022
Control
Capital
- Contribution
- €10,000
- Source
- deed of 12-10-2021
Articles of association
deed of 12-10-2021 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of March at 20:00
Founder
At incorporation
deed of 12-10-2021 ↗
- Françoise BEGHIN sole founder · 100% at incorporation
Network & group
No group
B Squared has no parent and no holdings in its annual accounts.
Earlier ties
| ING BELGIQUE via BEHIELS Jozef, no longer at ING BELGIQUE · Permanent representative · deed of 12-10-2020 founded in 1935 · group ING GROEP N.V. |
total assets €149.20bn (2024) |
| SFPIM International via BEHIELS Jozef, no longer at SFPIM International · Director · deed of 27-05-2024 No longer active · founded in 1971 · group Belgische Staat |
total assets €111.0m (2025) |
| SOGAM via BEHIELS Jozef, no longer at SOGAM · Permanent representative · deed of 25-07-2008 No longer active |
total assets €506,929 (2020) |
Connections & network
1 connected companyThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
→
Timeline
Timeline
11 events since 2021Board
Filings
Financial
Establishments
202220242026
Deadline for the 2026 accounts: 30-04-2027
2026
Annual accounts 2025 filed PDFmicro format · 1 day before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0775492828
Liquidity more than doubled current ratio 5.85 The current ratio rises from 2.37 to 5.85. Short-term debt falls from €42,866 to €12,474.
Annual accounts 2024 filed PDFmicro format · 1 day before the deadline
2024
Highest result from 2022 to 2025 net €46,716 ▲494% The operating result of €59,214 and the net result of €46,716 are both a record.
Annual accounts 2023 filed PDFmicro format · 7 days before the deadline
2023
Weakest financial year net €7,868 ▼41.3% The net result drops to €7,868, the lowest from 2022 to 2025. It recovers the following year.
Annual accounts 2022 filed PDFmicro format · 27 days before the deadline
2022
- General meeting, 05-09-2022
- Director appointment, BEHIELS Jozef
- The deed holds 1 more point.
2021
IncorporationFounding capital of €10,000 · Founder: Françoise BEGHIN · Appointment: Françoise BEGHIN (director) · published on 12-10-20214 points ▸
- Founder, Françoise BEGHIN
- Founding capital, €10,000
- Director appointment, Françoise BEGHIN (director (not named in the articles))
- Power of attorney, Stephane Van Roosbroeck
- The deed holds 4 more points.
First establishment Oudstrijdersstraat 4, Hove
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0775.492.828
- VAT number
- BE 0775.492.828
- Peppol ID
- 0208:0775492828
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 08-10-2021
- Financial year
- ends on 30 September
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of March at 20:00deed of 12-10-2021 (in Dutch)
- Peppol
- Reachable since 11-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- B Squared in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 12-10-2021 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Oudstrijdersstraat 4”deed of 12-10-2021 (in Dutch)
Activities
NACEBEL 202568310
Real estate agency activities main activity
Codes under NACEBEL 2008
68311
Real estate activities main activity
68201
Real estate activities
68203
Real estate rental
68312
Real estate activities
82110
Office administrative, office support and other business support activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Bemiddeling bij de aankoop,verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis; Ontwikkeling van residentiële…”deed of 12-10-2021 (in Dutch)
21 activities
- Bemiddeling bij de aankoop,verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis
- Ontwikkeling van residentiële bouwprojecten
- De tussenpersoon in aankoop-,verkoop- en verhuring van gebouwen,de expertises,raadgever inzake onroerende goederen,alsmede de bouwpromotor
- Projectontwikkeling voor de bouw of de aanleg van residentiële gebouwen
- Handel in eigen onroerend goed:flatgebouwen en woningen voor bewoning bestemde gebouwen,grond
- Verhuur van al dan niet gemeubelde appartementen en huizen
- Verhuur van appartementen in hotels
- Verhuur en exploitatie van sociale woningen
- Verhuur van niet-residentiële gebouwen zoals kantoorgebouwen,handelspanden,tentoonstellingsruimtes,enz.
- Verhuur per jaar van garageboxen en staanplaatsen voor auto's
- Verhuur van handelszaken(in een stelsel van vrije geranten)
- Verhuur van grond en terreinen,ook indien bebouwd,voor landbouwdoeleinden
- Verhuur van staanplaatsen voor caravans voor een periode van een jaar of meer
- Schatten evalueren van onroerend goed voor een vast bedrag of op contractbasis
- Verlenen in opdracht van de eigenaar(s)van alle diensten die noodzakelijk zijn voor het behoorlijk functioneren van de gebouwen(residentieel gebouw)
- Innen van de huur(residentieel gebouw)
- Diverse administratieve activiteiten ten behoeve van kantoren
- Fotokopiëren,documentvoorbereiding en andere gespecialiseerde ondersteunende activiteiten ten behoeve van kantoren
- Plaatsbeschrijving van onroerende goederen
- Het beheren van beleggingen en van participaties in dochtervennootschappen,het waarnemen van bestuurdersfuncties,het verlenen van advies,management en andere diensten aan of in overeenstemming met de activiteiten die de vennootschap zelf voert.Deze diensten kunnen worden geleverd krachtens contractuele of statutaire benoemingen en in de hoedanigheid van externe raadgever of orgaan van de cliënt
- Het geven van lezingen,opleidingen en begeleiding in economische en taalkundige vakken
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Oudstrijdersstraat 4 registered office 2540 Hove | 08-10-2021 | 2.325.431.082 |
Buildings and parcels at the address
- Ground area
- 1,115 m²
- Buildings
- 240 m²
- Volume, LiDAR
- 7 m³
- Tallest building
- 1.5 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11021A0156/00M000 | 1,115 m² | 1 · 240 m² | 1.5 m |
Contact
E-mail
fmpb@telenet.be