Matching Square
ActiveSummary
The annual accounts of Matching Square for financial year 2025 show a net loss of 97% of the equity at the start of that year. The 2025 annual accounts show equity of €932 and a net result of -€25,732. Equity has been shrinking by about 48% per year since 2023. If that trend continues, it turns negative around financial year 2026. Its solvency ranks better than 10% of 21,166 sector peers (NACE 62, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 12-06-2023 Normal situation
- Registered office
- 17 active companies are registered at this address 3 started in the 12 months before. Source: KBO register, as of 5 November 2026.
- Activity
- Computer programming NACE 62100and 3 others
- Joint committee
- 200 Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.346.528.780 1380 Lasne, since 01-07-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 30-12-2025
Board and ownership
- FUSORDirector · permanent representative VANDAMME, Bruno Denis
- MY CFO DIGITALDirector · permanent representative Marc-Antoine HENROZ
- VANDAMME, Bruno Denis1,000 sharesdeed of 14-06-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Gross margin
- €22,990
- ▼ 6.7%
- Turnover
- ≈ €120,000
- estimated
- Loss
- €25,732
- Equity
- €932
- ▼ 96.5%
- Total assets
- €117,881
- ▼ 20.6%
- Employees on 31-12-2025
- 1
Score breakdownraises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €25,732 (financial year 2025)Equity €932 (0.8% of total assets)lowers riskSector: Computer programming, consultancy and related activities (NACE 62)Size: total assets €117,881Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 62, micro). It does better than 9% of them on solvency, 49% on liquidity, 21% on profitability and 5% on growth.
The bankruptcy probability was computed on 04-11-2026 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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 17 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 24-06-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is a loss of €25,482, after a profit of €2,206 in 2024. It is the lowest result since 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 1 |
| full-time | 1 |
| part-time | 0 |
| in full-time equivalents | 1 |
| Average over the year, in full-time equivalents | 1 |
| On a permanent contract | 1 |
| Joined | 2 |
| Left | 1 |
Source: social balance sheet in the 2025 annual accounts
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | - | - | €1,250 |
| Intangible fixed assets | €59,862 | €74,288 | €7,534 |
| Financial fixed assets | - | - | €0 |
| Depreciation and write-downs of the year | €2,624 | €21,588 | €28,417 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Public contracts
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €20,055 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,624 | €21,588 | €28,417 | ▲ 31.6% |
| Other operating charges640/8 | - | €847 | €0 | ▼ 100% |
| Gross operating margin9900 | -€10,146 | €24,641 | €22,990 | ▼ 6.7% |
| Operating profit (loss)9901 | -€12,770 | €2,206 | -€25,482 | - |
| Financial charges65/66B | €191 | €251 | €250 | ▼ 0.4% |
| Recurring financial charges65 | €191 | €251 | €250 | ▼ 0.4% |
| Profit (loss) for the period before taxes9903 | -€12,961 | €1,955 | -€25,732 | - |
| Profit (loss) for the period9904 | -€12,961 | €1,955 | -€25,732 | - |
| Profit (loss) for the period to be appropriated9905 | -€12,961 | €1,955 | -€25,732 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €137,509 | €148,526 | €117,881 | ▼ 20.6% |
| Formation expenses20 | €989 | €0 | - | - |
| Fixed assets21/28 | €58,248 | €111,937 | €92,453 | ▼ 17.4% |
| Intangible fixed assets21 | €58,248 | €111,937 | €91,403 | ▼ 18.3% |
| Tangible fixed assets22/27 | - | - | €1,050 | - |
| Furniture and vehicles24 | - | - | €1,050 | - |
| Current assets29/58 | €78,272 | €36,590 | €25,428 | ▼ 30.5% |
| Amounts receivable within one year40/41 | €8,668 | €22,719 | €9,730 | ▼ 57.2% |
| Trade receivables40 | - | €18,100 | €5,479 | ▼ 69.7% |
| Other amounts receivable41 | €8,668 | €4,619 | €4,251 | ▼ 8.0% |
| Cash at bank and in hand54/58 | €69,603 | €12,971 | €15,289 | ▲ 17.9% |
| Deferred charges and accrued income490/1 | - | €900 | €409 | ▼ 54.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €137,509 | €148,526 | €117,881 | ▼ 20.6% |
| Equity10/15 | €22,210 | €26,664 | €932 | ▼ 96.5% |
| Contributions10/11 | €35,171 | €37,671 | €37,671 | = |
| Profit (loss) carried forward14 | -€12,961 | -€11,007 | -€36,739 | ▼ 234% |
| Amounts payable17/49 | €115,299 | €121,862 | €116,949 | ▼ 4.0% |
| Amounts payable after more than one year17 | €110,000 | €110,000 | €109,500 | ▼ 0.5% |
| Other amounts payable178/9 | €110,000 | €110,000 | €109,500 | ▼ 0.5% |
| Amounts payable within one year42/48 | €5,299 | €11,862 | €7,449 | ▼ 37.2% |
| Trade debts44 | €5,299 | €11,862 | €2,532 | ▼ 78.7% |
| Suppliers440/4 | €5,299 | €11,862 | €2,532 | ▼ 78.7% |
| Taxes, remuneration and social security45 | - | - | €4,917 | - |
| Taxes450/3 | - | - | €210 | - |
| Remuneration and social security454/9 | - | - | €4,706 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€12,961 | €1,955 | -€25,732 | - |
| + Depreciation and write-downs630 | €2,624 | €21,588 | €28,417 | ▲ 31.6% |
| Operating cash flow (approximation) | -€10,337 | €23,543 | €2,685 | ▼ 88.6% |
| Investment in fixed assets (approximation) | - | -€75,277 | -€8,934 | ▲ 88.1% |
| Change in cash | - | -€56,632 | €2,318 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 757 companies had the same profile as Matching Square has now. Two years later, 86.8% were still going and 7.9% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
Another 0.5% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Matching Square itself is lower: 0.3% within 12 months. It rests on far more data about Matching Square than the profile alone.
Test of the method
The method was tested on the 497,446 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 757 companies, not a prediction for Matching 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.
Board & ownership
Directors
Board 2
Permanent representatives 2
Owners and capital
Shareholders
- VANDAMME, Bruno Denis 1,000 shares (100%) · €5,000
Capital transactions
- 13-02-2024 Capital increase of €32,671 · to €37,671 · 50 new shares
- 14-06-2023 Incorporation · €5,000 · 1,000 shares
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| FUSOR |
|
| MY CFO DIGITAL |
|
Articles of association
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 14-06-2023 (in French)
Network & group
Acquisitions and mergers
2 transactionsConnections & network
2 current directorsThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Timeline
Deeds, filings and financial milestones
13-02
Gazette deed
Demerger: Matching Square splits off to Société ScindéeCapital increase of €32,671 to €37,671 · Capital from €5,000 to €37,671, 50 new shares · Appointment: MY CFO DIGITAL (director)6 points ▸
- General meeting, 22-12-2023
- Accounting effect, 01-07-2023
- Capital increase, €32,671
- Director appointment, MY CFO DIGITAL
- Permanent representative, Marc-Antoine HENROZ
- Power of attorney, Catherine GILLARDIN
- The deed holds 21 more points.
09-10
Gazette deed
Demerger proposal: FUSOR splits off to MATCHING SQUARE1 point ▸
- Accounting effect, 01-07-2023
- The deed holds 10 more points.
14-06
Gazette deed
IncorporationFounding capital of €5,000, 1,000 shares · Founder: VANDAMME, Bruno Denis (comparant) · Appointment: FUSOR (director)7 points ▸
- Incorporation, 08-06-2023
- Founder, VANDAMME, Bruno Denis (comparant)
- Founding capital, €5,000, 1,000 shares
- 1,000 shares
- Board rule, 1
- Director appointment, FUSOR
- Permanent representative, VANDAMME, Bruno Denis
- The deed holds 3 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
3 activities
- Au développement, l'exploitation et la commercialisation d'outils digitaux pour l'organisation de salons, foires et autres événements professionnels;
- La commercialisation d'outils digitaux liés à l'organisation de salons;
- La mise en place d'une plateforme digitale destinée à l'organisation de salons.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25087C0580/00E000 | Wallonia | 7,343 m² | 1 · 285 m² | 13.1 m · 3 |