Equity
€527,392 ▲ 13.1%
F-SQUARE has made a profit in every financial year since 2013.
F-SQUARE
Lifetime
13 annual accounts with figures on one time axispeak €102,320 (2025)
€102,320▲ 3.1%
peak €65,358 (2014)
€61,963▲ 4.4%
peak €527,392 (2025)
€527,392▲ 13.1%
€23,598▲ 6.7%
Board1 name since 2023
1 directorMONFORT Vincent
Documentsfilings and deeds
29-07-20262 days before the deadline
2025micro format
Dividend €833Equity from €466,263 to €527,392Cash from €178,321 to €257,179
Key points
from the 2025 annual accountsFilings
13 annual accounts since 2013
Seven of the last ten came late. The 2019 accounts came latest: 27 days after the end of the period.
Position in the sector
95.7%
Higher solvency than 95% of companies in head offices and management consultancy. Sector median 55.5% · 39,364 companies.
Checked score
97
Excellent
Financially stronger than 74% of micro companies in head offices and management consultancy (NACE 70)
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: 0.1% across 48,570 companies (NACE 70, 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 03-2025
05-2025: < 0.1%● unchanged 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 07-2025highest value
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 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
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 13.85, cash €257,179
Equity €527,392 (95.7% of total assets)
Size: total assets €550,991
Sector: Activities of head offices; management consultancy activities (NACE 70)
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 70, micro). It does better than 86% of them on solvency, 97% on liquidity, 50% on profitability and 61% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2025.
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, 17,811 companies had the same profile as F-SQUARE has now. Each dot stands for 45 companies, two years later.
96.5%
were still trading
3.2%
stopped another way
0.3%
went bankrupt
That fits the bankruptcy probability of F-SQUARE itself: < 0.1% within 12 months.
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 17,811 companies, not a prediction for F-SQUARE. 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 €50,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 13.85 (11.31 in 2024), above the usual 1.5. Short-term debt is 4.3% and cash 46.7% of total assets. 4.3% of the assets are financed with debt and provisions.
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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 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 days early
2024
26 days late
2023
21 days late
2022
8 days late
2021
11 days late
2020
13 days late
2019
27 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 15 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · 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 11 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0502856512
Change of role: MONFORT Vincent, from manager to director
“1. Adviesverlening van commerciële, technische, organisatorische en administratieve aard; in de ruimste zin…” (deed in Dutch) · Director discharge: MONFORT Vincent · General meeting of 24-11-2023 · Gazette deed
Registered office moved from Sint-Lievens-Houtem to Bavegem
New registered office: Maalbroekstraat 2 te 9520 Bavegem · Previous registered office: Groenestraat 35 te 9521 Sint-Lievens-Houtem · Board meeting of 27-11-2018 · Gazette deed
Incorporation
published on 18-02-2013 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| F-SQUARE Sint-Lievens-Houtem | €550,991 | €102,320 | 95.7% | - |
| BAUWENS CONSULTING Ghent | €508,565 | €105,214 | 21.7% | - |
| L+ CONSULTING Sint-Martens-Latem | €595,306 | €105,228 | 45.8% | - |
| Fininca Consult Evergem | €594,394 | €108,157 | 94.5% | - |
| MICHIELS AGRO CONSULT Ninove | €495,383 | €110,665 | 63.6% | - |
| Your Balance Beveren-Kruibeke-Zwijndrecht | €551,759 | €105,398 | 62.1% | - |
| ANCORE Temse | €607,050 | €95,504 | 44.3% | - |
These companies have the same main activity as F-SQUARE: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €495,000 and €607,000, founded between 2012 and 2014.
Official details
Source: KBO- Status
- Active since 29-01-2013Normal situation
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.217.121.2789520 Sint-Lievens-Houtem, since 29-01-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 30-12-2025
Annual accounts 2025
- ≈ €170,000estimated
- €550,991▲ 12.8%
- Filing
- Filed on 29-07-2026, 2 days before the end of the filing period
Insights on F-SQUARE
F-SQUARE files the micro format. That format states no turnover. The gross margin rose from €49,575 in 2013 to €102,320 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about F-SQUARE
- What is the company number of F-SQUARE?
- The company number of F-SQUARE is 0502.856.512. The VAT number is the same number with BE in front: BE 0502.856.512.
- Where is F-SQUARE based?
- The registered office is at Maalbroekstraat 2, 9520 Sint-Lievens-Houtem.Company details
- What does F-SQUARE do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of F-SQUARE?
- F-SQUARE is a private limited company (BV).
- When was F-SQUARE founded?
- F-SQUARE was founded on 29-01-2013.
- Is F-SQUARE still active?
- Yes, F-SQUARE is an active enterprise in the KBO register.
- What is the turnover of F-SQUARE?
- The turnover in financial year 2025 is ≈ €170,000. This figure is estimated from the gross margin of €102,320 and 109 comparable companies (NACE 70200). It probably lies between €150,000 and €210,000.Financials
- Is F-SQUARE profitable?
- In financial year 2025, F-SQUARE made a profit of €61,963.
- Where can I find the annual accounts of F-SQUARE?
- F-SQUARE filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of F-SQUARE due?
- F-SQUARE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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