S-QURE
ActiveSummary
S-QURE has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €56,826 and a net result of -€11,720. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 95% of 648 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-3
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 95.95 against 35.58 in 2024; short-term debt: 1% and cash: 92% of total assets), and 1% of the assets are financed with debt.
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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 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
99%
Return on assets
-20.4%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€11,720
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 · 9 filingsDeviation from the deadline
2025
22 d early
2024
29 d early
2023
33 d early
2022
33 d early
2021
31 d early
2020
16 d early
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 24 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
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. Usually files around 30 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€56,826▼ 17.1%
2024 · €68,546
Total assets
€57,400▼ 18.6%
2024 · €70,525
Net result
-€11,720▼ 28.0%
2024 · -€9,158
Working capital
€54,497▼ 20.4%
2024 · €68,429
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€29,039▼ 57.4%€46,446▲ 59.9%-€1,828-€9,907▼ 442%-€11,283▼ 13.9%
Net result€19,376within the sector's middle half▼ 64.4%€34,318within the sector's middle half▲ 77.1%-€2,154below the sector's middle half-€9,158below the sector's middle half▼ 325%-€11,720below the sector's middle half▼ 28.0%
Equity€79,857within the sector's middle half▲ 32.0%€79,857within the sector's middle half=€77,704within the sector's middle half▼ 2.7%€68,546within the sector's middle half▼ 11.8%€56,826within the sector's middle half▼ 17.1%
Total assets€89,009below the sector's middle half▼ 27.0%€122,182below the sector's middle half▲ 37.3%€87,793below the sector's middle half▼ 28.1%€70,525below the sector's middle half▼ 19.7%€57,400below the sector's middle half▼ 18.6%
Debt€9,152▼ 85.1%€42,325▲ 362%€10,090▼ 76.2%€1,979▼ 80.4%€574▼ 71.0%
Working capital€79,422within the sector's middle half▲ 35.8%€79,528within the sector's middle half▲ 0.1%€77,481within the sector's middle half▼ 2.6%€68,429within the sector's middle half▼ 11.7%€54,497within the sector's middle half▼ 20.4%
Solvency89.7%above the sector's middle half▲ 40.1pp65.4%within the sector's middle half▼ 24.4pp88.5%above the sector's middle half▲ 23.1pp97.2%above the sector's middle half▲ 8.7pp99.0%above the sector's middle half▲ 1.8pp
Current ratio9.68above the sector's middle half▲ 7.732.88within the sector's middle half▼ 6.808.68above the sector's middle half▲ 5.8035.58above the sector's middle half▲ 26.9095.95above the sector's middle half▲ 60.38
Return on assets (ROA)21.8%above the sector's middle half▼ 22.8pp28.1%above the sector's middle half▲ 6.3pp-2.5%below the sector's middle half▼ 30.5pp-13.0%below the sector's middle half▼ 10.5pp-20.4%below the sector's middle half▼ 7.4pp
above
within
below
the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11,283 in 2025 against €9,907 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €57,400
Fixed assets
€2,329 ▲ 1,899%
Current assets
€55,071 ▼ 21.8%
Equity and liabilities €57,400
Equity
€56,826 ▼ 17.1%
Debt
€574 ▼ 71.0%
Debt's share of the balance-sheet total falls from 2.8% to 1.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€10,642▼
2024 · -€9,800
Cash flow
-€11,078▼
2024 · -€9,051
Debt to equity
0.01▼
2024 · 0.03
ROE
-20.6%▼
2024 · -13.4%
Interest coverage
-49.20▲
2024 · -54.36
Debt ≤ 1 year
€574▼
2024 · €1,979
Income taxes
€250▲
2024 · €202
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.0%
went bankrupt
9.8%
stopped otherwise
88%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,805 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,575 | €106 | €106 | €106 | €641 | ▲ 503% |
| Other operating charges640/8 | €972 | €980 | €1,072 | €1,114 | €3,361 | ▲ 202% |
| Gross operating margin9900 | €31,585 | €47,533 | -€650 | -€8,687 | -€7,281 | ▲ 16.2% |
| Operating profit (loss)9901 | €29,039 | €46,446 | -€1,828 | -€9,907 | -€11,283 | ▼ 13.9% |
| Financial income75/76B | - | - | €57 | €1,131 | €30 | ▼ 97.4% |
| Recurring financial income75 | - | - | €57 | €1,131 | €30 | ▼ 97.4% |
| Financial charges65/66B | €172 | €198 | €188 | €180 | €216 | ▲ 20.0% |
| Recurring financial charges65 | €172 | €198 | €188 | €180 | €216 | ▲ 20.0% |
| Profit (loss) for the period before taxes9903 | €28,867 | €46,248 | -€1,959 | -€8,956 | -€11,470 | ▼ 28.1% |
| Income taxes67/77 | €9,491 | €11,930 | €194 | €202 | €250 | ▲ 23.8% |
| Profit (loss) for the period9904 | €19,376 | €34,318 | -€2,154 | -€9,158 | -€11,720 | ▼ 28.0% |
| Profit (loss) for the period to be appropriated9905 | €19,376 | €34,318 | -€2,154 | -€9,158 | -€11,720 | ▼ 28.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €89,009 | €122,182 | €87,793 | €70,525 | €57,400 | ▼ 18.6% |
| Fixed assets21/28 | €436 | €329 | €223 | €116 | €2,329 | ▲ 1,899% |
| Tangible fixed assets22/27 | €436 | €329 | €223 | €116 | €1,474 | ▲ 1,166% |
| Furniture and vehicles24 | €436 | €329 | €223 | €116 | €1,474 | ▲ 1,166% |
| Financial fixed assets28 | - | - | - | - | €855 | - |
| Current assets29/58 | €88,574 | €121,853 | €87,570 | €70,408 | €55,071 | ▼ 21.8% |
| Amounts receivable within one year40/41 | €14,982 | €4,989 | €7,623 | €794 | €1,907 | ▲ 140% |
| Trade receivables40 | €13,843 | €1,610 | €7,623 | - | €33 | - |
| Other amounts receivable41 | €1,140 | €3,379 | - | €794 | €1,874 | ▲ 136% |
| Current investments50/53 | - | - | €60,000 | - | - | - |
| Cash at bank and in hand54/58 | €73,410 | €116,397 | €19,430 | €69,220 | €52,815 | ▼ 23.7% |
| Deferred charges and accrued income490/1 | €181 | €466 | €517 | €395 | €350 | ▼ 11.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €89,009 | €122,182 | €87,793 | €70,525 | €57,400 | ▼ 18.6% |
| Equity10/15 | €79,857 | €79,857 | €77,704 | €68,546 | €56,826 | ▼ 17.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €61,257 | €61,257 | €59,104 | €49,946 | €46,140 | ▼ 7.6% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €59,397 | €59,397 | €59,104 | €49,946 | €46,140 | ▼ 7.6% |
| Profit (loss) carried forward14 | - | - | - | - | -€7,913 | - |
| Amounts payable17/49 | €9,152 | €42,325 | €10,090 | €1,979 | €574 | ▼ 71.0% |
| Amounts payable within one year42/48 | €9,152 | €42,325 | €10,090 | €1,979 | €574 | ▼ 71.0% |
| Trade debts44 | €247 | - | €701 | €267 | €339 | ▲ 27.1% |
| Suppliers440/4 | €247 | - | €701 | €267 | €339 | ▲ 27.1% |
| Advances received on contracts in progress46 | - | - | - | - | €33 | - |
| Taxes, remuneration and social security45 | €5,915 | €3,816 | €9,380 | €1,683 | €202 | ▼ 88.0% |
| Taxes450/3 | €4,628 | €2,530 | €893 | €396 | €202 | ▼ 49.0% |
| Remuneration and social security454/9 | €1,287 | €1,287 | €8,487 | €1,287 | - | - |
| Other amounts payable47/48 | €2,991 | €38,508 | €9 | €29 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,376 | €34,318 | -€2,154 | -€9,158 | -€11,720 | ▼ 28.0% |
| + Depreciation and write-downs630 | €1,575 | €106 | €106 | €106 | €641 | ▲ 503% |
| Operating cash flow (approximation) | €20,950 | €34,424 | -€2,047 | -€9,051 | -€11,078 | ▼ 22.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€2,854 | - |
| Change in cash | - | €42,987 | -€96,967 | €49,790 | -€16,405 | ▼ 133% |
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
Weakest financial yearnet -€11,720
Net result drops to -€11,720, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 95.95
Current ratio from 35.58 to 95.95; short-term debt falls from €1,979 to €574.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity quadruplescurrent ratio 35.58
Current ratio from 8.68 to 35.58; short-term debt falls from €10,090 to €1,979.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity triplescurrent ratio 8.68
Current ratio from 2.88 to 8.68; short-term debt falls from €42,325 to €10,090.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity times 5current ratio 9.68
Current ratio from 1.95 to 9.68; short-term debt falls from €61,501 to €9,152.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €54,403 ▲90.8%
Operating result €68,137, net result €54,403, both a record.
Show earlier events
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €28,511
Net result €28,511 after one loss-making year.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Vosselaar · 2 establishment units since 2016
Ground area
1,397 m²
Building footprint
268 m²
Volume, LiDAR
1,753 m³
2 parcels, Flanders · tallest building 11.2 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
S-QURE
since 20162.250.210.453
Voedingspraktijk Balans
since 20252.372.812.119
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13019E0298/00V002 | Flanders | 707 m² | 1 · 150 m² | 11.2 m · 2 fl. |
| 13046A0237/00P000 | Flanders | 690 m² | 1 · 118 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 174 EUR awarded · 174 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 30 EUR | 30 EUR |
| 2024 | 1 | 144 EUR | 144 EUR |
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Of 4,551 companies in this sector we hold annual accounts for 1,934. 1,550 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded05-02-2016
Fiscal year end31-12
Activities, NACEBEL 2025
74999Other professional, scientific and technical activities
70200Business and other management consultancy
72109Other research and development on natural sciences
74120Graphic design and visual communication
82990Other business support services
85599Other education
86995Nutrition and dietetics services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0647871809
Also
9925:BE0647871809
Registered
07-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.