Fsquare
ActiveSummary
Fsquare has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19k and a net result of €72k. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 18% of 17043 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency39=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.17 against 1.04 in 2024; short-term debt: 70.5% and cash: 45.5% of total assets), and 85.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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
14.5%
Return on assets
55.8%
Age of the figures
9 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 17043 sector peers (2025).
NBB · sector comparisonPosition among 17043 sector peers
Solvency
better than 18%
← weakest
strongest →
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 02-03-2026, 151 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
151 d early
2024
148 d early
2023
40 d early
2022
24 d early
2021
45 d early
2020
43 d early
2019
25 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€19k=
2024 · €19k
2018: €20k
2019: €20k
2020: €20k
2021: €19k
2022: €19k
2023: €19k
2024: €19k
2018 → 2025
Total assets
€128k▼ 0.3%
2024 · €129k
2018: €97k
2019: €82k
2020: €64k
2021: €103k
2022: €104k
2023: €129k
2024: €129k
2018 → 2025
Net result
€72k▲ 0.7%
2024 · €71k
2018: €7k
2019: €31k
2020: €11k
2021: €50k
2022: €41k
2023: €64k
2024: €71k
2018 → 2025
Working capital
€15k▲ 374%
2024 · €3k
2018: €22k
2019: €34k
2020: €39k
2021: €37k
2022: €-18k
2023: €-9k
2024: €3k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€19k-€19k=€19k=€19k=€19k=
Operating result€64k-€51k▼ 20.3%€82k▲ 61.7%€91k▲ 11.2%€92k▲ 0.4%
Net result€50k-€41k▼ 17.3%€64k▲ 55.2%€71k▲ 11.8%€72k▲ 0.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 0% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €128k
Fixed assets
€23k ▼ 34.9%
Current assets
€106k ▲ 12.6%
Equity and liabilities €128k
Equity
€19k =
Debt
€110k ▼ 0.3%
Debt's share of the balance-sheet total stays at 85.5%.
Key figures and ratios
EBITDA
€104k▲
2024 · €103k
Cash flow
€84k▲
2024 · €83k
Current ratio
1.17▲
2024 · 1.04
Debt to equity
5.91▼
2024 · 5.93
ROE
385.3%▲
2024 · 382.7%
ROA
55.8%▲
2024 · 55.3%
Interest coverage
76.53▲
2024 · 63.66
Debt ≤ 1 year
€91k▼
2024 · €91k
Debt > 1 year
€18k=
2024 · €18k
Income taxes
€19k▲
2024 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€129k€128k▼
Fixed assets21/28€35k€23k▼
Tangible fixed assets22/27€35k€23k▼
Plant, machinery and equipment23€1k€1k▼
Furniture and vehicles24€34k€22k▼
Current assets29/58€94k€106k▲
Amounts receivable within one year40/41€32k€42k▲
Trade receivables40€32k€32k▲
Other amounts receivable41€0€9k▲
Cash at bank and in hand54/58€59k€58k▼
Deferred charges and accrued income490/1€3k€5k▲
Equity and liabilities
Total equity and liabilities10/49€129k€128k▼
Equity10/15€19k€19k=
Contributions10/11€19k€19k=
Profit (loss) carried forward14€0€0=
Amounts payable17/49€110k€110k▼
Amounts payable after more than one year17€18k€18k=
Financial debts170/4€18k€18k=
Amounts payable within one year42/48€91k€91k▼
Trade debts44€444€3k▲
Suppliers440/4€444€3k▲
Taxes, remuneration and social security45€12k€12k▼
Taxes450/3€12k€12k▼
Other amounts payable47/48€79k€76k▼
Accrued charges and deferred income492/3€1k€1k▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€12k=
Other operating charges640/8€628€644▲
Gross operating margin9900€104k€104k▲
Operating profit (loss)9901€91k€92k▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€90k€90k▲
Income taxes67/77€18k€19k▲
Profit (loss) for the period9904€71k€72k▲
Profit (loss) for the period to be appropriated9905€71k€72k▲
Appropriation of the result
Profit (loss) to be appropriated9906€71k€72k▲
Profit to be distributed694/7€71k€72k▲
Return on contributions (dividend)694€71k€72k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €72k ▲0.7%
Operating result €92k, net result €72k, both a record.
05-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1 day late
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gavere · 1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Middelwijk 409890 GavereGround area
1,347 m²
Building footprint
181 m²
Volume, LiDAR
922 m³
Parcel 44020A0497/00G003, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Fsquare
since 20152.238.785.239
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44020A0497/00G003 | Flanders | 1,347 m² | 1 · 181 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Segesta Consulting
BE 0505.994.263
Scherpenheuvel-Zichem · Eq €18,600
WAWI GROUP
BE 0507.849.933
Tienen · Eq €18,600
BLUE DUN CONSULTING
BE 0543.806.843
Keerbergen · Eq €18,600
Andramoi
BE 0543.855.739
Mechelen · Eq €18,600
ITLICIOUS
BE 0544.396.464
Sint-Truiden · Eq €18,600
Of 29,996 companies in sector 62200 we hold annual accounts for 18,393. 12,704 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-01-2015
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.