SQG
ActiveSQG has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.30M and a net result of €20k. Equity is growing by ~38.9% per year across the filed fiscal years. Its solvency ranks better than 62% of 8584 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability4▼-96
Solvency76▲+63
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days only on tighter terms
Liquidity short (current ratio 0.95 against 0.96 in 2024), and 34.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2025Solvency, return and age of the figures
Solvency
65.1%
Return on assets
0.6%
Age of the figures
11 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 05-03-2026, 56 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
56 d early
2024
54 d early
2023
50 d early
2022
48 d early
2021
30 d early
2020
44 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.30M▲ 4,141%
2024 · €54k
2020: €16k
2021: €20k
2022: €28k
2023: €29k
2024: €54k
2020 → 2025
Total assets
€3.53M▲ 182%
2024 · €1.25M
2020: €449k
2021: €443k
2022: €566k
2023: €1.12M
2024: €1.25M
2020 → 2025
Net result
€20k▼ 21.4%
2024 · €25k
2020: €-184k
2021: €4k
2022: €8k
2023: €2k
2024: €25k
2020 → 2025
Working capital
€-56k▼ 40.8%
2024 · €-40k
2020: €-220k
2021: €-145k
2022: €-135k
2023: €-121k
2024: €-40k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€20k-€28k▲ 37.1%€29k▲ 5.9%€54k▲ 84.4%€2.30M▲ 4,141%
Operating result€-14k-€-194k▼ 1,265%€-216k▼ 11.5%€-235k▼ 9.0%€-202k▲ 14.0%
Net result€4k-€8k▲ 70.1%€2k▼ 78.2%€25k▲ 1,414%€20k▼ 21.4%
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 €202k in 2025 against €235k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.53M
Fixed assets
€2.40M▲ 1,283%
Current assets
€1.13M▲ 4.8%
Equity and liabilities €3.53M
Equity
€2.30M▲ 4,141%
Debt
€1.23M▲ 2.7%
The debt ratio falls from 95.7% to 34.9%: equity grows faster than debt.
Key figures and ratios
EBITDA
€-202k▲
2024 · €-235k
Cash flow
€20k▼
2024 · €25k
Solvency
65.1%▲
2024 · 4.3%
Current ratio
0.95▼
2024 · 0.96
Quick ratio
0.95▼
2024 · 0.96
Debt / equity
0.54▼
2024 · 22.11
ROE
0.8%▼
2024 · 45.8%
ROA
0.6%▼
2024 · 2.0%
Interest coverage
-4.61▼
2024 · -4.54
Debt
€1.23M▲
2024 · €1.20M
Debt ≤ 1 year
€1.19M▲
2024 · €1.12M
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.25M€3.53M▲
Fixed assets21/28€174k€2.40M▲
Financial fixed assets28€174k€2.40M▲
Current assets29/58€1.08M€1.13M▲
Amounts receivable within one year40/41€370k€816k▲
Trade receivables40€357k€433k▲
Other amounts receivable41€13k€383k▲
Current investments50/53€324k€0▼
Cash at bank and in hand54/58€67k€29k▼
Deferred charges and accrued income490/1€320k€288k▼
Equity and liabilities
Total equity and liabilities10/49€1.25M€3.53M▲
Equity10/15€54k€2.30M▲
Contributions10/11€200k€2.43M▲
Profit (loss) carried forward14€-146k€-126k▲
Amounts payable17/49€1.20M€1.23M▲
Amounts payable within one year42/48€1.12M€1.19M▲
Trade debts44€70k€88k▲
Suppliers440/4€70k€88k▲
Other amounts payable47/48€1.05M€1.10M▲
Accrued charges and deferred income492/3€80k€44k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€417€0▼
Other operating charges640/8€499€513▲
Gross operating margin9900€-234k€-202k▲
Operating profit (loss)9901€-235k€-202k▲
Financial income75/76B€312k€266k▼
Recurring financial income75€312k€266k▼
Financial charges65/66B€52k€44k▼
Recurring financial charges65€52k€44k▼
Profit (loss) for the period before taxes9903€25k€20k▼
Profit (loss) for the period9904€25k€20k▼
Profit (loss) for the period to be appropriated9905€25k€20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-146k€-126k▲
Profit (loss) brought forward from the previous period14P€-171k€-146k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Equity above €2MEq €2.30M ▲4141%
5 profitable years in a row build equity to €2.30M.
07-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Highest result since 2020net €25k ▲1414%
Net result €25k, the highest in the series.
11-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
13-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
17-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Waregem · 1 establishment unit since 2019
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.
Eugène Bekaertlaan 248790 WaregemGround area
1.6 ha
Building footprint
1,459 m²
Parcel 34452B0893/00M004, Flanders. Linked by address, not a title deed.
1 establishment unit
Squadron
since 20192.288.068.464
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34452B0893/00M004 | Flanders | 1.6 ha | 1 · 1,459 m² | 0.0 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.
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LOISELET IMMO
BE 0690.872.206
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THE PROFILE GROUP
BE 0445.445.873
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LIJM
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Of 82,218 companies in sector 70200 we hold annual accounts for 52,395. 18,541 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-04-2019
Fiscal year end30-09
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.