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F-SQUARE

Active Private limited companyfounded 2013active for 13 yearsMaalbroekstraat 2, 9520 Sint-Lievens-HoutemKBO/BCE: BE 0502.856.512
F-SQUARE
Financial year 2025
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Annual accounts 2025

micro format, filed on 29-07-2026, 2 days before the deadline
€102,320
▲ 3.1%
€85,309
▲ 6.9%
€99,485
▲ 3.1%
€76,139
▲ 0.1%
95.7%
▲ 0.2 percentage points
13.85
▲ 2.55

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 ≈ €170,000. Estimated: probably between €150,000 and €210,000.

Amounts without an identifiable currency are taken as euros.

Balance sheet

balance sheet total €550,991 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

95.7%

Higher than 95% of 39,364 companies in 2025.

13.85

Higher than 92% of 38,048 companies in 2025.

11.2%

Higher than 44% of 38,520 companies in 2025.

F-SQUARE Middle half of the sector 80% of the sector Micro accounts in head offices and management consultancy (NACE 70)

Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016201520142013
Balance sheet: assets
20/58 550,991488,388441,069489,041449,538423,602381,350385,648397,543398,350366,929169,460114,534
20 -------00----
21/28 224,040238,216251,186275,297263,602276,777283,083295,077301,679313,205312,8055,223-
21 -------00----
22/27 224,040238,216251,186275,297263,602276,777283,083295,077301,679313,205312,8055,223-
22 213,648222,649232,859243,070253,281263,492273,703283,914287,427295,864296,994--
23 004228431,2641,6862,1072,5292,9503,3723,793--
24 7,07611,41816,08228,1974,5085,689001,3062,6123,9175,223-
26 3,3164,1501,8243,1864,5485,9107,2728,6349,99611,3588,100--
27 -------00----
28 -------00----
29/58 326,951250,171189,883213,744185,936146,82598,26790,57195,86485,14554,124164,237114,534
290 -------00----
291 -------00----
3 -------00----
30/36 -------00----
37 -------00----
40/41 19,77121,85122,89719,28717,96014,85014,11116,76113,15911,52524,52114,67227,936
40 18,20418,20418,20417,42416,33513,55211,79816,54713,15911,52524,52114,67227,936
41 1,5673,6464,6931,8631,6251,2982,3132140----
50/53 50,00050,000-----00----
54/58 257,179178,321166,986194,457167,976131,97584,15772,97382,70610,34027,386148,32985,498
490/1 -------837063,2802,2171,2361,100
Balance sheet: equity and liabilities
10/49 550,991488,388441,069489,041449,538423,602381,350385,648397,543398,350366,929169,460114,534
10/15 527,392466,263407,684358,454307,840265,215223,820199,935178,865155,057123,130110,14044,782
10/11 12,40012,40012,40012,40012,40012,40012,40012,40012,40012,40012,40012,40012,400
100 -----18,55018,55018,55018,55018,55018,55018,55018,550
101 -----6,1506,1506,1506,1506,1506,1506,1506,150
11 -------00----
1100/10 -------00----
12 -------00----
13 349,128287,998229,419180,189129,57586,95545,75521,6051,8551,8551,8551,8551,855
130/1 1,8551,8551,8551,8551,8551,855-------
130 -----1,8551,8551,8551,8551,8551,8551,8551,855
1311 1,8551,8551,8551,8551,855--------
1312 -------00----
1319 -------00----
132 -------00----
133 347,273286,143227,564178,334127,72085,10043,90019,7500----
14 165,865165,865165,865165,865165,865165,860165,665165,930164,610140,802108,87595,88530,527
15 -------00----
160/5 -------00----
160 -------00----
161 -------00----
162 -------00----
163 -------00----
164/5 -------00----
168 -------00----
17/49 23,59822,12533,386130,587141,699158,388157,530185,713218,678243,293243,79959,32069,752
17 -----15,62634,10452,28870,18487,795105,127--
170/4 -----15,62634,10452,28870,18487,795105,127--
175 -------00----
176 -------00----
178/9 -------00----
42/48 23,59822,12533,386126,738137,951139,124119,692129,463144,493149,563137,62058,92056,969
42 ----15,62618,47818,18417,89617,61117,33217,057--
430/8 -------00----
439 -------00----
44 1,9681,5312,6357,1432,7544,0204,8778,0413,9232,4265,9517,05832,639
440/4 1,9681,5312,6357,1432,7544,0204,8778,0413,9232,4265,9517,05832,639
441 -------00----
46 -------00----
45 20,79719,79423,50720,46724,67122,5617,1904,64622,95829,75313,37351,45324,330
450/3 20,79719,79423,50720,46724,67122,5617,1904,64622,95829,75313,37351,45324,330
454/9 -------00----
47/48 8338007,24499,12894,90094,06589,44098,880100,000100,053101,239409-
492/3 ---3,8493,7473,6383,7343,9624,0015,9341,05240012,782
Income statement
70 --------0----
76A --2,5486,529---00----
9900 102,32099,24190,11297,85381,39879,01856,20653,02162,56168,61094,883100,08049,575
60/61 --------0----
62 -------00----
630 14,17616,68916,65820,62713,17512,20811,99414,70712,86214,26364,1751,306-
631/4 -------00----
635/8 -------00----
640/8 2,8342,7362,9142,2193,1042,9883,4881,3712,6451,1822,4348781,432
649 -------00----
66A -------00----
9901 85,30979,81670,54075,00865,11963,82240,72436,94447,05453,16628,27497,89648,143
75/76B 1,9813,2444-375--755326393620287
75 1,9813,2444-375--7553-393620287
76B 0------0026---
65/66B 4552454,0494,2514,4254,9165,3226,1215,9381,0781,332420
65 4552454,0494,2514,4254,9165,3226,1215,9381,0781,332420
66B -------00----
9903 87,24583,00870,49970,95961,24359,39735,80831,69740,98647,25327,58997,18448,009
67/77 25,28223,62920,47019,54517,81717,20311,0989,82617,17915,32614,59931,82615,627
9904 61,96359,37950,03051,41443,42542,19424,71021,87023,80731,92712,99065,35832,382
789 -------00----
689 -------00----
9905 61,96359,37950,03051,41443,42542,19424,71021,87023,80731,92712,99065,35832,382
Appropriation of the result
9906 227,827225,244215,894217,279209,285207,860190,365186,480164,610140,802108,87595,88532,382
14P 165,865165,865165,865165,865165,860--------
791/2 -------00----
691/2 61,13058,57949,23050,61442,62041,20023,90019,750----1,855
691 -------00----
6920 -------00---1,855
6921 61,13058,57949,23050,61442,62041,20023,90019,7500----
694/7 833800800800800800800800-----
694 8338008008008008008008000----
695 -------00----
696 -------00----
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The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 29-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 29-07-2026 2026-00360309 PDF
31-12-2024 micro format 26-08-2025 2025-00422805 PDF
31-12-2023 micro format 21-08-2024 2024-00363665 PDF
31-12-2022 micro format 08-08-2023 2023-00321889 PDF
31-12-2021 micro format 11-08-2022 2022-20288170 PDF
31-12-2020 micro format 13-08-2021 2021-48400125 PDF
31-12-2019 micro format 27-08-2020 2020-46100467 PDF
31-12-2018 micro format 03-07-2019 2019-27700496 PDF
31-12-2017 micro format 04-06-2018 2018-16900453 PDF
31-12-2016 micro format 03-08-2017 2017-41000118 PDF
31-12-2015 abbreviated format 24-08-2016 2016-46000123 PDF
31-12-2014 abbreviated format 09-06-2015 2015-16300183 PDF
31-12-2013 abbreviated format 26-06-2014 2014-21800316 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016201520142013
99,48596,50587,19895,63478,29476,03052,71851,65059,91667,42992,44999,202-
76,13976,06866,68872,04156,60054,40236,70436,57736,67046,19077,16566,664-
03,719-7,45232,32105,90208,1051,33614,663371,7576,529-
78,85911,335-27,47226,48136,00147,81911,184-9,73372,365-17,046-120,94362,831-
303,352228,047156,49787,00647,9857,702-21,424-38,892-48,629-64,418-83,496105,31757,564
95.7%95.5%92.4%73.3%68.5%62.6%58.7%51.8%45.0%38.9%33.6%65.0%39.1%
13.8511.315.691.691.351.060.820.700.660.570.392.792.01
0.040.050.080.360.460.600.700.931.221.571.980.541.56
11.7%12.7%12.3%14.3%14.1%15.9%11.0%10.9%13.3%20.6%10.6%59.3%72.3%
11.2%12.2%11.3%10.5%9.7%10.0%6.5%5.7%6.0%8.0%3.5%38.6%28.3%
over 100over 100over 10023.6218.42--------

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
Item20252024202320222021
Tangible fixed assets-€3,719-€32,321-
€14,176€16,689€16,658€20,627€13,175

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on F-SQUARE

The operating result for 2025 is 7% higher than in 2024 and the highest since 2014. It is the second rise in a row, after the fall in 2023.

Debt's share of the balance-sheet total falls from 4.5% to 4.3%. Equity and debt are higher.

Next steps

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