I-SQUARED CONSULTING
ActiveI-SQUARED CONSULTING has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.87M and a net result of €156k. Equity is shrinking by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 73% of 37959 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability77▲+16
Solvency100▲+3
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days only on tighter terms
Liquidity ample (current ratio 7.22 against 6.41 in 2023; short-term debt: 3.7% and cash: 1.1% of total assets), and 22.5% 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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 2024Solvency, return and age of the figures
Solvency
77.5%
Return on assets
6.4%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-11-2025, 120 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
120 d late
2023
118 d late
2022
76 d late
2021
123 d late
2020
40 d late
2019
91 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€1.87M▲ 9.1%
2023 · €1.72M
2018: €2.52M
2019: €2.55M
2020: €2.53M
2021: €2.43M
2022: €1.74M
2023: €1.72M
2018 → 2024
Total assets
€2.42M▲ 2.0%
2023 · €2.37M
2018: €2.83M
2019: €3.27M
2020: €3.27M
2021: €3.13M
2022: €2.49M
2023: €2.37M
2018 → 2024
Net result
€156k
2023 · €-23k
2018: €55k
2019: €29k
2020: €119k
2021: €-94k
2022: €-79k
2023: €-23k
2018 → 2024
Working capital
€564k▲ 44.4%
2023 · €391k
2018: €1.15M
2019: €1.31M
2020: €1.07M
2021: €1.03M
2022: €376k
2023: €391k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€2.53M-€2.43M▼ 3.7%€1.74M▼ 28.5%€1.72M▼ 1.3%€1.87M▲ 9.1%
Operating result€152k-€-110k€-83k▲ 24.7%€-25k▲ 69.5%€168k
Net result€119k-€-94k€-79k▲ 16.0%€-23k▲ 71.4%€156k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €168k after a loss of €25k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.42M
Fixed assets
€1.76M▼ 7.5%
Current assets
€655k▲ 41.5%
Equity and liabilities €2.42M
Equity
€1.87M▲ 9.1%
Provisions
€157k▼ 1.2%
Debt
€388k▼ 21.4%
The debt ratio falls from 20.8% to 16.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€237k▲
2023 · €50k
Cash flow
€225k▲
2023 · €53k
Solvency
77.5%▲
2023 · 72.5%
Current ratio
7.22▲
2023 · 6.41
Quick ratio
7.22▲
2023 · 6.41
Debt / equity
0.21▼
2023 · 0.29
ROE
8.3%▲
2023 · -1.3%
ROA
6.4%▲
2023 · -1.0%
Interest coverage
21.65▲
2023 · 5.18
Debt
€388k▼
2023 · €494k
Debt ≤ 1 year
€91k▲
2023 · €72k
Debt > 1 year
€296k▼
2023 · €422k
Income taxes
€16k▲
2023 · €151
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.37M€2.42M▲
Fixed assets21/28€1.91M€1.76M▼
Tangible fixed assets22/27€1.91M€1.76M▼
Land and buildings22€1.65M€1.51M▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€57k€48k▼
Other tangible fixed assets26€202k€202k=
Current assets29/58€463k€655k▲
Amounts receivable after more than one year29€267k€444k▲
Other amounts receivable291€267k€444k▲
Amounts receivable within one year40/41€4k€4k▼
Trade receivables40€3k€0▼
Other amounts receivable41€679€4k▲
Current investments50/53€85k€135k▲
Cash at bank and in hand54/58€73k€27k▼
Deferred charges and accrued income490/1€34k€44k▲
Equity and liabilities
Total equity and liabilities10/49€2.37M€2.42M▲
Equity10/15€1.72M€1.87M▲
Contributions10/11€19k€19k=
Reserves13€1.70M€1.85M▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€201k€193k▼
Distributable reserves133€1.50M€1.66M▲
Profit (loss) carried forward14€0-
Provisions and deferred taxes16€159k€157k▼
Provisions for liabilities and charges160/5€105k€105k=
Pensions and similar obligations160€105k€105k=
Deferred taxes168€54k€52k▼
Amounts payable17/49€494k€388k▼
Amounts payable after more than one year17€422k€296k▼
Financial debts170/4€422k€296k▼
Amounts payable within one year42/48€72k€91k▲
Current portion of amounts payable after more than one year42€35k€47k▲
Trade debts44€2k€88▼
Suppliers440/4€2k€88▼
Taxes, remuneration and social security45€3k€17k▲
Taxes450/3€3k€17k▲
Other amounts payable47/48€33k€26k▼
Accrued charges and deferred income492/3€0€1k▲
Income statement
Code20232024
Non-recurring operating income76A€800€195k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€75k€69k▼
Other operating charges640/8€7k€18k▲
Gross operating margin9900€57k€255k▲
Operating profit (loss)9901€-25k€168k▲
Financial income75/76B€11k€13k▲
Recurring financial income75€11k€13k▲
Financial charges65/66B€10k€11k▲
Recurring financial charges65€10k€11k▲
Profit (loss) for the period before taxes9903€-24k€170k▲
Transfer from deferred taxes780€2k€2k=
Income taxes67/77€151€16k▲
Profit (loss) for the period9904€-23k€156k▲
Transfer from tax-exempt reserves789€8k€8k=
Profit (loss) for the period to be appropriated9905€-15k€163k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-15k€163k▲
Transfer from equity791/2€15k€0▼
Transfer to equity691/2-€163k
To other reserves6921-€163k
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 120 days late
2024
31-12
Financial
Back to profitnet €156k
Net result €156k after 3 loss-making years.
26-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 118 days late
2023
15-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 76 days late
2022
01-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 123 days late
2021
31-12
Financial
Weakest financial yearnet €-94k ▼179%
Net result drops to €-94k, the lowest in the series; recovery starts the following year.
09-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 40 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 5 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Bornem · 1 establishment unit since 2003
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.
Achterweidestraat(BOR) 21A2880 BornemGround area
571 m²
Building footprint
160 m²
Volume, LiDAR
228 m³
Parcel 12007B0364/00R000, Flanders · tallest building 6.1 m. Linked by address, not a title deed.
1 establishment unit
I-SQUARED CONSULTING
since 20032.132.281.219
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12007B0364/00R000 | Flanders | 571 m² | 1 · 160 m² | 6.1 m |
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
V & L
BE 0460.628.254
Wetteren · Eq €1.87M
X-US
BE 0883.181.337
Evere · Eq €1.87M
FINGEVER
BE 0446.827.926
Lennik · Eq €1.87M
PHIALE
BE 0457.523.957
Zwevegem · Eq €1.87M
THE LITTLE GROUP
BE 0477.198.230
Meise · Eq €1.87M
Of 82,569 companies in sector 70200 we hold annual accounts for 52,573. 20,940 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded17-07-2003
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.