C SQUARE
ActiveSummary
C SQUARE has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €594,997 and a net result of €74,876. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 92% of 17601 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+27
Solvency100▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity ample (current ratio 13.45 against 3.5 in 2024; short-term debt: 6.6% and cash: 53% of total assets), and 6.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
93.3%
Return on assets
11.7%
Age of the figures
15 mo
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 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
on the day
2022
on the day
2021
11 d late
2020
2 d early
2019
on the day
← 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 1 day after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
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. Usually files around 31 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close01-10-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#5 oldest company in Asse, Telecoms and IT sector#10 company by equity in Asse, Telecoms and IT sector
Equity
€594,997▲ 7.6%
2024 · €552,977
Total assets
€637,753▼ 16.2%
2024 · €761,185
Net result
€74,876▲ 35.8%
2024 · €55,139
Working capital
€521,044▲ 0.2%
2024 · €519,932
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€126,137▼ 5.1%€113,141▼ 10.3%€126,388▲ 11.7%€110,878▼ 12.3%€116,765▲ 5.3%
Net result€84,140above the sector's middle half▼ 26.0%€115,373above the sector's middle half▲ 37.1%€123,837above the sector's middle half▲ 7.3%€55,139above the sector's middle half▼ 55.5%€74,876above the sector's middle half▲ 35.8%
Equity€677,428above the sector's middle half▲ 3.6%€638,134above the sector's middle half▼ 5.8%€703,978above the sector's middle half▲ 10.3%€552,977above the sector's middle half▼ 21.4%€594,997above the sector's middle half▲ 7.6%
Total assets€763,458above the sector's middle half▲ 6.6%€685,165above the sector's middle half▼ 10.3%€748,864above the sector's middle half▲ 9.3%€761,185above the sector's middle half▲ 1.6%€637,753above the sector's middle half▼ 16.2%
Debt€86,030▲ 37.9%€47,032▼ 45.3%€44,887▼ 4.6%€208,208▲ 364%€42,757▼ 79.5%
Working capital€613,996above the sector's middle half▲ 5.7%€590,415above the sector's middle half▼ 3.8%€669,999above the sector's middle half▲ 13.5%€519,932above the sector's middle half▼ 22.4%€521,044above the sector's middle half▲ 0.2%
Solvency88.7%above the sector's middle half▼ 2.6pp93.1%above the sector's middle half▲ 4.4pp94.0%above the sector's middle half▲ 0.9pp72.6%within the sector's middle half▼ 21.4pp93.3%above the sector's middle half▲ 20.6pp
Current ratio8.17above the sector's middle half▼ 2.2814.67above the sector's middle half▲ 6.5115.97above the sector's middle half▲ 1.303.50within the sector's middle half▼ 12.4713.45above the sector's middle half▲ 9.95
Return on assets (ROA)11.0%within the sector's middle half▼ 4.9pp16.8%within the sector's middle half▲ 5.8pp16.5%within the sector's middle half▼ 0.3pp7.2%within the sector's middle half▼ 9.3pp11.7%within the sector's middle half▲ 4.5pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 5% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €637,753
Fixed assets
€74,869 ▲ 125%
Current assets
€562,884 ▼ 22.7%
Equity and liabilities €637,753
Equity
€594,997 ▲ 7.6%
Debt
€42,757 ▼ 79.5%
Debt's share of the balance-sheet total falls from 27.4% to 6.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€128,795▲
2024 · €117,039
Cash flow
€86,906▲
2024 · €61,300
Debt to equity
0.07▼
2024 · 0.38
ROE
12.6%▲
2024 · 10.0%
Interest coverage
5.42▲
2024 · 2.88
Debt ≤ 1 year
€41,840▼
2024 · €208,004
Income taxes
€32,084▲
2024 · €24,211
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,341 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% | 1.0% |
| 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% 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 20,134 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €19,008 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,637 | €17,843 | €17,959 | €6,161 | €12,030 | ▲ 95.2% |
| Other operating charges640/8 | - | €1,034 | €671 | €1,483 | €1,184 | ▼ 20.2% |
| Gross operating margin9900 | €132,098 | €132,018 | €145,017 | €118,523 | €129,979 | ▲ 9.7% |
| Operating profit (loss)9901 | €126,137 | €113,141 | €126,388 | €110,878 | €116,765 | ▲ 5.3% |
| Financial income75/76B | - | €40,349 | €40,585 | €9,084 | €13,964 | ▲ 53.7% |
| Recurring financial income75 | €2,275 | €40,349 | €40,585 | €9,084 | €13,964 | ▲ 53.7% |
| Financial charges65/66B | - | €644 | €672 | €40,612 | €23,768 | ▼ 41.5% |
| Recurring financial charges65 | €254 | €644 | €672 | €40,612 | €23,768 | ▼ 41.5% |
| Profit (loss) for the period before taxes9903 | €128,158 | €152,847 | €166,300 | €79,350 | €106,961 | ▲ 34.8% |
| Income taxes67/77 | €44,017 | €37,474 | €42,463 | €24,211 | €32,084 | ▲ 32.5% |
| Profit (loss) for the period9904 | €84,140 | €115,373 | €123,837 | €55,139 | €74,876 | ▲ 35.8% |
| Profit (loss) for the period to be appropriated9905 | €111,140 | €115,373 | €123,837 | €55,139 | €74,876 | ▲ 35.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €763,458 | €685,165 | €748,864 | €761,185 | €637,753 | ▼ 16.2% |
| Fixed assets21/28 | €63,779 | €51,566 | €34,111 | €33,249 | €74,869 | ▲ 125% |
| Tangible fixed assets22/27 | €43,559 | €31,346 | €13,891 | €13,029 | €54,649 | ▲ 319% |
| Plant, machinery and equipment23 | - | €2,840 | €2,522 | €2,200 | €1,209 | ▼ 45.1% |
| Furniture and vehicles24 | - | €20,251 | €5,385 | €7,115 | €51,686 | ▲ 626% |
| Other tangible fixed assets26 | - | €8,255 | €5,984 | €3,714 | €1,755 | ▼ 52.8% |
| Financial fixed assets28 | €20,220 | €20,220 | €20,220 | €20,220 | €20,220 | = |
| Current assets29/58 | €699,679 | €633,599 | €714,754 | €727,936 | €562,884 | ▼ 22.7% |
| Amounts receivable after more than one year29 | - | €37,000 | €37,000 | €37,000 | - | - |
| Other amounts receivable291 | - | €37,000 | €37,000 | €37,000 | - | - |
| Amounts receivable within one year40/41 | €79,830 | €78,946 | €36,426 | €27,116 | - | - |
| Trade receivables40 | - | €53,482 | €26,354 | €27,116 | - | - |
| Other amounts receivable41 | - | €25,464 | €10,072 | - | - | - |
| Current investments50/53 | - | - | - | - | €223,752 | - |
| Cash at bank and in hand54/58 | €580,800 | €515,154 | €638,685 | €659,265 | €337,929 | ▼ 48.7% |
| Deferred charges and accrued income490/1 | - | €2,499 | €2,643 | €4,555 | €1,203 | ▼ 73.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €763,458 | €685,165 | €748,864 | €761,185 | €637,753 | ▼ 16.2% |
| Equity10/15 | €677,428 | €638,134 | €703,978 | €552,977 | €594,997 | ▲ 7.6% |
| Contributions10/11 | - | €6,205 | €6,205 | €6,205 | €6,205 | = |
| Reserves13 | €671,222 | €631,928 | €697,772 | €546,772 | €588,791 | ▲ 7.7% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | €5,370 | €5,370 | €5,370 | €5,370 | = |
| Distributable reserves133 | - | €624,698 | €690,542 | €539,541 | €581,561 | ▲ 7.8% |
| Amounts payable17/49 | €86,030 | €47,032 | €44,887 | €208,208 | €42,757 | ▼ 79.5% |
| Amounts payable within one year42/48 | €85,683 | €43,184 | €44,755 | €208,004 | €41,840 | ▼ 79.9% |
| Trade debts44 | €37,084 | €5,238 | €3,723 | €3,781 | €5,337 | ▲ 41.2% |
| Suppliers440/4 | - | €5,238 | €3,723 | €3,781 | €5,337 | ▲ 41.2% |
| Taxes, remuneration and social security45 | - | €36,346 | €39,432 | €25,480 | €23,155 | ▼ 9.1% |
| Taxes450/3 | - | €28,846 | €39,432 | €17,980 | €15,655 | ▼ 12.9% |
| Remuneration and social security454/9 | - | €7,500 | - | €7,500 | €7,500 | = |
| Other amounts payable47/48 | - | €1,600 | €1,600 | €178,744 | €13,348 | ▼ 92.5% |
| Accrued charges and deferred income492/3 | - | €3,848 | €132 | €204 | €917 | ▲ 349% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €84,140 | €115,373 | €123,837 | €55,139 | €74,876 | ▲ 35.8% |
| + Depreciation and write-downs630 | €19,637 | €17,843 | €17,959 | €6,161 | €12,030 | ▲ 95.2% |
| Operating cash flow (approximation) | €103,778 | €133,216 | €141,796 | €61,300 | €86,906 | ▲ 41.8% |
| Investment in fixed assets (approximation) | - | -€5,630 | -€503 | -€5,300 | -€53,650 | ▼ 912% |
| Change in cash | - | -€65,646 | €123,531 | €20,580 | -€321,337 | ▼ 1,661% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Liquidity quadruplescurrent ratio 13.45
Current ratio from 3.50 to 13.45; short-term debt falls from €208,004 to €41,840.
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Highest result since 2019net €123,837 ▲7.3%
Net result €123,837, the highest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
11-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 26 days late
2017
30-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Asse · 1 establishment unit since 1999
Ground area
2,908 m²
Building footprint
223 m²
Volume, LiDAR
1,200 m³
Parcel 23041A0204/00B005, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Willem De Ganckstraat 10, 1730 Asse
since 19992.091.250.615
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23041A0204/00B005 | Flanders | 2,908 m² | 1 · 223 m² | 7.4 m · 2 fl. |
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.
Subsidies and aid
Flemish government
2025 · 1 entry · 847 EUR awarded · 847 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 847 EUR | 847 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
699400154JW5LVS92592
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Of 29,996 companies in this sector we hold annual accounts for 18,400. 11,192 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded24-12-1998
Fiscal year end30-06
Abbreviation NL
C2
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
73200Market research and public opinion polling
E-invoicing
Reachable via Peppol
Peppol ID
0208:0464980683
Also
9925:BE0464980683
Registered
17-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.