Bluesquare

Active

Public limited companyfounded 2012active for 13 yearsGlimwormenlaan 20, 1170 Watermaal-Bosvoorde, BelgiumKBO/BCE: BE 0501.535.431

From the official registers: KBO 13 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

Bluesquare has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.6m and a net result of €393,679. Equity is growing by about 23% per year across the filed financial years. Its solvency ranks better than 66% of 843 sector peers (NACE 73, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow Report Compare

BluesquareActiveChecked score 96/100

Risk analysis Report Compare

Official details

KBO

Status: Active since 26-11-2012 Normal situation
Legal form: Public limited company
Registered office: Glimwormenlaan 20, 1170 Watermaal-Bosvoorde
Activity: Public relations and communication consultancy NACE 73300and 3 others
Establishment units: 2.216.027.950 1040 Etterbeek, since 01-12-2012
: 2.231.682.661 7890 Ellezelles, since 17-06-2014
Financial year end: 31 December
Peppol: Reachable since 20-11-2020

Company details

Who decides

Board

HERINCKX, Gaëtan Marie Guillaume ElisabethDirector · since 03-10-2025
HLPP GlobalDirector · since 03-10-2025 · permanent representative Peter Piot
IMPACT DIRECTORSDirector · since 03-10-2025 · permanent representative Nino Bellenge
Maximilien de CosterDirector · since 03-10-2025

and 3 other directors

Auditor: BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES

Shareholders

TALENCE23.18%annual accounts 2025
SI² FUND17.71%annual accounts 2025

Board & ownership

How it is doing

96 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: < 0.1%

Annual accounts 2025

Turnover: €10.2m
Profit: €393,679; ▲ 21.6%
Equity: €4.6m; ▲ 5.5%
Total assets: €7.5m; ▲ 8.4%
Staff: 26.6 FTE; ▲ 9.0%

2025 accounts 21 days early

Filed on 10-07-2026at the National Bank

Financials

Why 96raises risk1 of the last 3 latelowers riskLiquidity: current ratio 2.17, cash €3.4mSize: turnover €10.2m, 26.6 FTE, total assets €7.5mEquity €4.6m (61.5% of total assets)Show the evidence

Checked score

Score 2025

96 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 72% of its sector peers (NACE 73, small)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 87-1

equity 61.5% of total assets

Liquidity 83=

short-term debt 36.7% · cash 45.1%

Profitability 79+5

return on assets 5.2%

Bankruptcy probability, 12 months

< 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (721 companies, NACE 73, small)

Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025lowest value 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: 0.1%▲ +0.1 percentage points vs 06-2025 08-2025: < 0.1%▼ -0.1 percentage points 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%▲ +0.1 percentage points vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026highest value 08-2026: < 0.1%▼ -0.1 percentage points vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026

Credit of up to €440,000 on 30-day terms is acceptable

Liquidity ample (current ratio 2.17, compared with 2.11 in 2024, above the usual 1.5; short-term debt: 36.7% and cash: 45.1% of total assets), and 38.5% of the assets are financed with debt and provisions.

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 73, small): better than 64% on solvency, 91% on liquidity, 76% on profitability and 57% 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

Five signals.

lowers riskraises riskneutral

Liquidity: current ratio 2.17, cash €3.4m

NBB · annual accounts

1 of the last 3 late

NBB · filings

Size: turnover €10.2m, 26.6 FTE, total assets €7.5m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Equity €4.6m (61.5% of total assets)

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

21 days early

2024

33 days late

2023

23 days early

2022

6 days early

2021

127 days late

2020

16 days late

2019

6 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 19 days after the deadline; the sector median (NACE 73) for financial year 2024 is 6 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 July (4 of the last 5 filed years within 39 days of that day).

Companies Code · seven months

Where today falls in the filing period

31-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

Key points

Positive: Among the best 15% on equitysector median €519,029 · 844 companies €4.6m View
Board changedlatest change 22-05-2026 · 7 in office 2 joined · 1 left View
Positive: 8 profitable years in a rowprofit 2025: €393,679 8 years View

Documents

Key facts about Bluesquare

What is the company number of Bluesquare?: 0501.535.431. In Belgium the VAT number is the company number with BE in front: BE 0501.535.431.
Where is Bluesquare based?: The registered office is at Glimwormenlaan 20, 1170 Watermaal-Bosvoorde.Company details
What does Bluesquare do?: According to the KBO register, the main activity is public relations and communication consultancy (NACE 73300).
What is the legal form of Bluesquare?: Public limited company (NV).
When was Bluesquare founded?: On 26-11-2012.
Is Bluesquare still active?: Yes, Bluesquare is an active enterprise in the KBO register.
How many employees does Bluesquare have?: On average 26.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Bluesquare?: €10.2m in financial year 2025, according to the filed annual accounts.
Is Bluesquare profitable?: In financial year 2025, Bluesquare made a profit of €393,679.
Where can I find the annual accounts of Bluesquare?: Bluesquare filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of Bluesquare due?: By 31-07-2027, for financial year 2026.Timeline