IMMO - SQUARE
ActiveSummary
For IMMO - SQUARE, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €185,524 and a net result of -€5,352. Equity is growing by ~17.2% per year across the filed fiscal years. The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability44▲+16
Solvency57▲+39
Growth52=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
32.2%
Return on assets
-0.9%
Age of the figures
33 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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline27-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 11-09-2024, 42 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
42 d late
2022
30 d late
2021
53 d late
2020
18 d late
2019
51 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 18 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
€185,524
2022 · -€39,124
Total assets
€576,342▼ 2.6%
2022 · €591,773
Net result
-€5,352▲ 24.2%
2022 · -€7,060
Working capital
-€119,803▲ 65.7%
2022 · -€349,738
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€9,213▲ 32.8%€4,431▼ 51.9%€16,801▲ 279%-€3,417€1,169
Net result€6,923▲ 68.9%€2,708▼ 60.9%€15,688▲ 479%-€7,060-€5,352▲ 24.2%
Equity-€50,460▲ 12.1%-€47,752▲ 5.4%-€32,064▲ 32.9%-€39,124▼ 22.0%€185,524
Total assets€79,460▼ 10.4%€67,521▼ 15.0%€66,940▼ 0.9%€591,773▲ 784%€576,342▼ 2.6%
Debt€129,920▼ 11.0%€115,273▼ 11.3%€99,004▼ 14.1%€630,897▲ 537%€390,818▼ 38.1%
Working capital-€98,347▲ 4.7%-€98,345=-€94,049▲ 4.4%-€349,738▼ 272%-€119,803▲ 65.7%
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 2023: €1,169 after a loss of €3,417 in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €576,342
Fixed assets
€570,293 ▼ 1.8%
Current assets
€6,049 ▼ 43.6%
Equity and liabilities €576,342
Equity
€185,524
Debt
€390,818
Debt finances 67.8% of the balance-sheet total.
Key figures and ratios
EBITDA
€20,875▲
2022 · €4,598
Cash flow
€14,354▲
2022 · €955
Current ratio
0.05▲
2022 · 0.03
Debt to equity
2.11▲
2022 · -16.13
ROE
-2.9%
ROA
-0.9%▲
2022 · -1.2%
Interest coverage
3.20▲
2022 · 1.26
Debt ≤ 1 year
€125,852▼
2022 · €360,471
Debt > 1 year
€264,966▼
2022 · €270,426
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,853 | €9,853 | €3,690 | €8,015 | €19,706 | ▲ 146% |
| Other operating charges640/8 | - | - | €1,963 | €2,572 | €4,101 | ▲ 59.4% |
| Gross operating margin9900 | €21,276 | €16,673 | €22,454 | €7,170 | €24,976 | ▲ 248% |
| Operating profit (loss)9901 | €9,213 | €4,431 | €16,801 | -€3,417 | €1,169 | ▲ 134% |
| Financial charges65/66B | - | - | €1,113 | €3,643 | €6,521 | ▲ 79.0% |
| Recurring financial charges65 | €2,290 | €1,723 | €1,113 | €3,643 | €6,521 | ▲ 79.0% |
| Profit (loss) for the period before taxes9903 | €6,923 | €2,708 | €15,688 | -€7,060 | -€5,352 | ▲ 24.2% |
| Profit (loss) for the period9904 | €6,923 | €2,708 | €15,688 | -€7,060 | -€5,352 | ▲ 24.2% |
| Profit (loss) for the period to be appropriated9905 | €6,923 | €2,708 | €15,688 | -€7,060 | -€5,352 | ▲ 24.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €79,460 | €67,521 | €66,940 | €591,773 | €576,342 | ▼ 2.6% |
| Fixed assets21/28 | €74,892 | €65,038 | €64,355 | €581,040 | €570,293 | ▼ 1.8% |
| Tangible fixed assets22/27 | €74,892 | €65,038 | €64,355 | €581,040 | €570,293 | ▼ 1.8% |
| Land and buildings22 | - | - | €64,355 | €581,040 | €570,293 | ▼ 1.8% |
| Current assets29/58 | €4,568 | €2,483 | €2,585 | €10,733 | €6,049 | ▼ 43.6% |
| Amounts receivable within one year40/41 | €244 | €26 | €27 | €26 | €723 | ▲ 2,681% |
| Trade receivables40 | - | - | €27 | €26 | - | - |
| Other amounts receivable41 | - | - | - | - | €723 | - |
| Current investments50/53 | €177 | €77 | €77 | - | - | - |
| Cash at bank and in hand54/58 | €2,015 | €188 | €485 | €9,956 | €4,476 | ▼ 55.0% |
| Deferred charges and accrued income490/1 | - | - | €1,996 | €751 | €850 | ▲ 13.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €79,460 | €67,521 | €66,940 | €591,773 | €576,342 | ▼ 2.6% |
| Equity10/15 | -€50,460 | -€47,752 | -€32,064 | -€39,124 | €185,524 | ▲ 574% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €248,592 | ▲ 1,237% |
| Reserves13 | €186 | €186 | €186 | €186 | €186 | = |
| Non-distributable reserves130/1 | - | - | €186 | €186 | €186 | = |
| Reserves not available under the articles1311 | - | - | €186 | €186 | €186 | = |
| Profit (loss) carried forward14 | -€69,238 | -€66,530 | -€50,842 | -€57,902 | -€63,254 | ▼ 9.2% |
| Amounts payable17/49 | €129,920 | €115,273 | €99,004 | €630,897 | €390,818 | ▼ 38.1% |
| Amounts payable after more than one year17 | €27,005 | €14,445 | €2,370 | €270,426 | €264,966 | ▼ 2.0% |
| Financial debts170/4 | - | - | - | €266,456 | €260,996 | ▼ 2.0% |
| Other amounts payable178/9 | - | - | €2,370 | €3,970 | €3,970 | = |
| Amounts payable within one year42/48 | €102,915 | €100,828 | €96,634 | €360,471 | €125,852 | ▼ 65.1% |
| Current portion of amounts payable after more than one year42 | - | - | €12,075 | €29,227 | €17,583 | ▼ 39.8% |
| Trade debts44 | - | €2,079 | €1,766 | €5,363 | €130 | ▼ 97.6% |
| Suppliers440/4 | - | - | €1,766 | €5,363 | €130 | ▼ 97.6% |
| Other amounts payable47/48 | - | - | €82,793 | €325,881 | €108,139 | ▼ 66.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,923 | €2,708 | €15,688 | -€7,060 | -€5,352 | ▲ 24.2% |
| + Depreciation and write-downs630 | €9,853 | €9,853 | €3,690 | €8,015 | €19,706 | ▲ 146% |
| Operating cash flow (approximation) | €16,776 | €12,561 | €19,378 | €955 | €14,354 | ▲ 1,403% |
| Investment in fixed assets (approximation) | - | €1 | -€3,007 | -€524,700 | -€8,959 | ▲ 98.3% |
| Change in cash | - | -€1,827 | €297 | €9,471 | -€5,480 | ▼ 158% |
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
2024
11-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 42 days late
2023
31-12
Financial
Equity above €150,000Eq €185,524
Equity rises from -€39,124 to €185,524.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet -€7,060
Net result drops to -€7,060, the lowest in the series; recovery starts the following year.
22-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 53 days late
2021
31-12
Financial
Highest result since 2018net €15,688 ▲479%
Operating result €16,801, net result €15,688, both a record.
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
10-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
2015
15-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Grimbergen · 1 establishment unit since 1990
Ground area
1,418 m²
Building footprint
375 m²
Volume, LiDAR
1,547 m³
Parcel 23084B0169/00D000, Flanders · tallest building 16.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Karenbergstraat 20, 1853 Grimbergen
since 19902.048.374.536
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23084B0169/00D000 | Flanders | 1,418 m² | 1 · 375 m² | 16.6 m · 1 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded14-05-1990
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.