R-SQUARE MANAGEMENT
ActiveSummary
R-SQUARE MANAGEMENT has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €50k and a net result of €27k. Equity is growing by ~32.9% per year across the filed fiscal years. Its solvency ranks better than 76% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+33
Solvency100▲+40
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 3.03 against 0.96 in 2024; short-term debt: 19.4% and cash: 16.5% of total assets), and 19.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
80.6%
Return on assets
43.2%
Age of the figures
9 mo
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
37 d early
2023
60 d early
2022
52 d early
2021
59 d early
2020
45 d early
2019
65 d early
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€50k▲ 116%
2024 · €23k
Total assets
€62k▼ 7.6%
2024 · €67k
Net result
€27k
2024 · €-973
Working capital
€25k
2024 · €-1k
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
Line20212022202320242025
Operating result€1k▼ 23.3%€55k▲ 4,460%€-28k€588€44k▲ 7,343%
Net result€-524€40k€-29k€-973▲ 96.7%€27k
Equity€9k▼ 5.7%€48k▲ 459%€24k▼ 49.9%€23k▼ 4.0%€50k▲ 116%
Total assets€22k▼ 7.6%€109k▲ 391%€75k▼ 31.0%€67k▼ 10.5%€62k▼ 7.6%
Debt€14k▼ 8.7%€61k▲ 347%€51k▼ 16.0%€44k▼ 13.5%€12k▼ 72.6%
Working capital€-2k▼ 18.8%€19k€-9k€-1k▲ 84.6%€25k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 7,343% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €62k
Fixed assets
€26k ▼ 17.6%
Current assets
€37k ▲ 0.9%
Equity and liabilities €62k
Equity
€50k ▲ 116%
Debt
€12k ▼ 72.6%
Debt's share of the balance-sheet total falls from 65.5% to 19.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€51k▲
2024 · €13k
Cash flow
€35k▲
2024 · €12k
Current ratio
3.03▲
2024 · 0.96
Debt to equity
0.24▼
2024 · 1.90
ROE
53.6%▲
2024 · -4.2%
ROA
43.2%▲
2024 · -1.4%
Interest coverage
18.06▲
2024 · 8.55
Debt ≤ 1 year
€12k▼
2024 · €38k
Income taxes
€14k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €12k | €23k | €13k | €8k | ▼ 40.6% |
| Other operating charges640/8 | €454 | €15k | €815 | €23k | €17k | ▼ 26.0% |
| Gross operating margin9900 | €8k | €83k | €-4k | €37k | €69k | ▲ 87.3% |
| Operating profit (loss)9901 | €1k | €55k | €-28k | €588 | €44k | ▲ 7,343% |
| Financial income75/76B | €23 | - | €40 | €6 | €37 | ▲ 526% |
| Recurring financial income75 | €23 | - | €40 | €6 | €37 | ▲ 526% |
| Financial charges65/66B | €317 | €988 | €1k | €2k | €3k | ▲ 81.5% |
| Recurring financial charges65 | €317 | €988 | €1k | €2k | €3k | ▲ 81.5% |
| Profit (loss) for the period before taxes9903 | €920 | €54k | €-29k | €-973 | €41k | ▲ 4,308% |
| Income taxes67/77 | €1k | €15k | - | - | €14k | - |
| Profit (loss) for the period9904 | €-524 | €40k | €-29k | €-973 | €27k | ▲ 2,867% |
| Profit (loss) for the period to be appropriated9905 | €-524 | €40k | €-29k | €-973 | €27k | ▲ 2,867% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €22k | €109k | €75k | €67k | €62k | ▼ 7.6% |
| Fixed assets21/28 | €13k | €52k | €55k | €31k | €26k | ▼ 17.6% |
| Intangible fixed assets21 | €1k | €608 | €178 | €0 | - | - |
| Tangible fixed assets22/27 | €12k | €51k | €55k | €31k | €26k | ▼ 17.6% |
| Plant, machinery and equipment23 | €2k | €4k | €3k | €2k | €732 | ▼ 66.8% |
| Furniture and vehicles24 | €10k | €44k | €47k | €18k | €16k | ▼ 14.5% |
| Other tangible fixed assets26 | - | €3k | €5k | €10k | €9k | ▼ 12.6% |
| Current assets29/58 | €9k | €57k | €20k | €36k | €37k | ▲ 0.9% |
| Amounts receivable within one year40/41 | €605 | €93 | €2k | €15k | €21k | ▲ 35.1% |
| Trade receivables40 | €605 | €93 | €1k | €15k | €18k | ▲ 14.7% |
| Other amounts receivable41 | - | - | €191 | - | €3k | - |
| Cash at bank and in hand54/58 | €9k | €54k | €18k | €13k | €10k | ▼ 24.0% |
| Deferred charges and accrued income490/1 | - | €3k | €41 | €7k | €6k | ▼ 24.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €22k | €109k | €75k | €67k | €62k | ▼ 7.6% |
| Equity10/15 | €9k | €48k | €24k | €23k | €50k | ▲ 116% |
| Contributions10/11 | €14k | €14k | €19k | €19k | €19k | = |
| Capital10 | €14k | €14k | €19k | €19k | €19k | = |
| Issued capital100 | €19k | €19k | €19k | €19k | €19k | = |
| Uncalled capital101 | €5k | €5k | - | - | - | - |
| Reserves13 | €75 | €2k | €2k | €2k | €22k | ▲ 1,075% |
| Non-distributable reserves130/1 | €75 | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | €75 | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | - | - | - | €20k | - |
| Profit (loss) carried forward14 | €-5k | €33k | €4k | €3k | €10k | ▲ 245% |
| Amounts payable17/49 | €14k | €61k | €51k | €44k | €12k | ▼ 72.6% |
| Amounts payable after more than one year17 | €3k | €23k | €22k | €6k | - | - |
| Financial debts170/4 | €3k | €23k | €22k | €6k | - | - |
| Amounts payable within one year42/48 | €11k | €38k | €29k | €38k | €12k | ▼ 67.9% |
| Current portion of amounts payable after more than one year42 | €5k | €15k | €22k | €8k | - | - |
| Financial debts43 | - | - | - | - | €673 | - |
| Credit institutions430/8 | - | - | - | - | €673 | - |
| Trade debts44 | €949 | €4k | €2k | €3k | €2k | ▼ 20.0% |
| Suppliers440/4 | €949 | €4k | €2k | €3k | €2k | ▼ 20.0% |
| Taxes, remuneration and social security45 | €5k | €19k | €4k | €12k | €9k | ▼ 20.6% |
| Taxes450/3 | €5k | €19k | €4k | €9k | €9k | ▲ 6.9% |
| Remuneration and social security454/9 | - | - | - | €3k | - | - |
| Other amounts payable47/48 | €363 | €330 | - | €15k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-524 | €40k | €-29k | €-973 | €27k | ▲ 2,867% |
| + Depreciation and write-downs630 | €6k | €12k | €23k | €13k | €8k | ▼ 40.6% |
| Operating cash flow (approximation) | €5k | €52k | €-6k | €12k | €35k | ▲ 192% |
| Investment in fixed assets (approximation) | - | €-51k | €-27k | €11k | €-2k | ▼ 119% |
| Change in cash | - | €45k | €-36k | €-5k | €-3k | ▲ 31.6% |
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
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €27k
Net result €27k after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 3.03
Current ratio from 0.96 to 3.03; short-term debt falls from €38k to €12k.
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-29k
Net result drops to €-29k, the lowest in the series; recovery starts the following year.
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €40k
Net result €40k after one loss-making year.
02-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity doublescurrent ratio 4.11
Current ratio from 1.83 to 4.11; short-term debt falls from €4k to €2k.
Show earlier events
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-06
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.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Ukkel · 1 establishment unit since 2016
Ground area
209 m²
Building footprint
174 m²
Volume, LiDAR
2,139 m³
Parcel 21016B0040/00R015, Brussels · tallest building 16.1 m, ±4 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
R-SQUARE MANAGEMENT
since 20162.254.450.838
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21016B0040/00R015 | Brussels | 209 m² | 1 · 174 m² | 16.1 m · 4 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.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 38,063 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-07-2016
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.