SQUADRA
ActiveSummary
SQUADRA has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €47,654 and a net result of €2,284. Equity is growing by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 82% of 2330 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+12
Solvency95▲+5
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 2.42 against 1.82 in 2024; short-term debt: 30.3% and cash: 56.1% of total assets), and 30.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
69.7%
Return on assets
3.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-08-2026, 12 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
12 d late
2024
48 d late
2023
21 d late
2022
21 d late
2021
26 d late
2020
5 d early
2019
146 d late
← 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 38 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#4 oldest company in Zoersel, Arts, sports and recreation sector
Equity
€47,654▲ 5.0%
2024 · €45,370
Total assets
€68,417▼ 1.4%
2024 · €69,407
Net result
€2,284
2024 · -€4,147
Working capital
€29,424▲ 53.0%
2024 · €19,226
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€15,283▲ 122%€6,049▼ 60.4%€7,318▲ 21.0%-€2,534€5,857
Net result€9,875▲ 59.1%€2,923▼ 70.4%€3,154▲ 7.9%-€4,147€2,284
Equity€43,440▲ 29.4%€46,363▲ 6.7%€49,517▲ 6.8%€45,370▼ 8.4%€47,654▲ 5.0%
Total assets€76,743▲ 4.1%€83,369▲ 8.6%€67,790▼ 18.7%€69,407▲ 2.4%€68,417▼ 1.4%
Debt€33,303▼ 17.1%€37,006▲ 11.1%€18,272▼ 50.6%€24,037▲ 31.5%€20,763▼ 13.6%
Working capital€32,487€36,965▲ 13.8%€20,475▼ 44.6%€19,226▼ 6.1%€29,424▲ 53.0%
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 2025: €5,857 after a loss of €2,534 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €68,417
Fixed assets
€18,230 ▼ 31.6%
Current assets
€50,187 ▲ 17.4%
Equity and liabilities €68,417
Equity
€47,654 ▲ 5.0%
Debt
€20,763 ▼ 13.6%
Debt's share of the balance-sheet total falls from 34.6% to 30.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€14,268▲
2024 · €6,294
Cash flow
€10,694▲
2024 · €4,680
Current ratio
2.42▲
2024 · 1.82
Debt to equity
0.44▼
2024 · 0.53
ROE
4.8%▲
2024 · -9.1%
ROA
3.3%▲
2024 · -6.0%
Interest coverage
50.55▲
2024 · 14.33
Debt ≤ 1 year
€20,763▼
2024 · €23,541
Income taxes
€3,434▲
2024 · €1,225
Staff costs
€773▲
2024 · €477
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €625 | €477 | €773 | ▲ 62.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,385 | €7,385 | €7,981 | €8,827 | €8,410 | ▼ 4.7% |
| Other operating charges640/8 | €415 | €600 | €516 | €973 | €935 | ▼ 3.9% |
| Gross operating margin9900 | €23,084 | €14,033 | €16,440 | €7,744 | €15,976 | ▲ 106% |
| Operating profit (loss)9901 | €15,283 | €6,049 | €7,318 | -€2,534 | €5,857 | ▲ 331% |
| Financial income75/76B | - | €913 | €40 | €50 | €142 | ▲ 183% |
| Recurring financial income75 | - | €913 | €40 | €50 | €142 | ▲ 183% |
| Financial charges65/66B | €348 | €276 | €233 | €439 | €282 | ▼ 35.7% |
| Recurring financial charges65 | €348 | €276 | €233 | €439 | €282 | ▼ 35.7% |
| Profit (loss) for the period before taxes9903 | €14,936 | €6,685 | €7,125 | -€2,922 | €5,718 | ▲ 296% |
| Income taxes67/77 | €5,060 | €3,763 | €3,971 | €1,225 | €3,434 | ▲ 180% |
| Profit (loss) for the period9904 | €9,875 | €2,923 | €3,154 | -€4,147 | €2,284 | ▲ 155% |
| Profit (loss) for the period to be appropriated9905 | €9,875 | €2,923 | €3,154 | -€4,147 | €2,284 | ▲ 155% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €76,743 | €83,369 | €67,790 | €69,407 | €68,417 | ▼ 1.4% |
| Fixed assets21/28 | €29,088 | €21,703 | €35,468 | €26,640 | €18,230 | ▼ 31.6% |
| Tangible fixed assets22/27 | €29,088 | €21,703 | €35,468 | €26,640 | €18,230 | ▼ 31.6% |
| Plant, machinery and equipment23 | €3,337 | €2,398 | €5,427 | €3,610 | €2,210 | ▼ 38.8% |
| Furniture and vehicles24 | €25,751 | €19,304 | €30,041 | €23,031 | €16,020 | ▼ 30.4% |
| Current assets29/58 | €47,656 | €61,666 | €32,322 | €42,767 | €50,187 | ▲ 17.4% |
| Amounts receivable within one year40/41 | €7,470 | €8,274 | €8,912 | €11,682 | €11,777 | ▲ 0.8% |
| Trade receivables40 | €6,679 | €5,273 | €8,911 | €9,479 | €10,353 | ▲ 9.2% |
| Other amounts receivable41 | €791 | €3,001 | €1 | €2,203 | €1,424 | ▼ 35.4% |
| Cash at bank and in hand54/58 | €40,186 | €53,392 | €23,410 | €31,085 | €38,410 | ▲ 23.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €76,743 | €83,369 | €67,790 | €69,407 | €68,417 | ▼ 1.4% |
| Equity10/15 | €43,440 | €46,363 | €49,517 | €45,370 | €47,654 | ▲ 5.0% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | €18,592 | - | - | - | - | - |
| Issued capital100 | €18,592 | - | - | - | - | - |
| Reserves13 | €21,209 | €24,132 | €27,286 | €27,286 | €29,570 | ▲ 8.4% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | €1,859 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | €19,350 | €22,273 | €25,427 | €25,427 | €27,711 | ▲ 9.0% |
| Profit (loss) carried forward14 | €3,639 | €3,639 | €3,639 | -€508 | -€508 | = |
| Amounts payable17/49 | €33,303 | €37,006 | €18,272 | €24,037 | €20,763 | ▼ 13.6% |
| Amounts payable after more than one year17 | €18,134 | €12,304 | €6,425 | €496 | - | - |
| Financial debts170/4 | €18,134 | €12,304 | €6,425 | €496 | - | - |
| Amounts payable within one year42/48 | €15,169 | €24,701 | €11,847 | €23,541 | €20,763 | ▼ 11.8% |
| Current portion of amounts payable after more than one year42 | €5,780 | €5,829 | €5,879 | €5,929 | €496 | ▼ 91.6% |
| Trade debts44 | €2,876 | €9,232 | - | €16,653 | €16,876 | ▲ 1.3% |
| Suppliers440/4 | €2,876 | €9,232 | - | €16,653 | €16,876 | ▲ 1.3% |
| Taxes, remuneration and social security45 | €5,467 | €8,762 | €5,968 | €959 | €3,391 | ▲ 254% |
| Taxes450/3 | €5,467 | €8,762 | €5,968 | €959 | €3,391 | ▲ 254% |
| Other amounts payable47/48 | €1,046 | €878 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,875 | €2,923 | €3,154 | -€4,147 | €2,284 | ▲ 155% |
| + Depreciation and write-downs630 | €7,385 | €7,385 | €7,981 | €8,827 | €8,410 | ▼ 4.7% |
| Operating cash flow (approximation) | €17,260 | €10,308 | €11,135 | €4,680 | €10,694 | ▲ 129% |
| Investment in fixed assets (approximation) | - | €0 | -€21,746 | €0 | €0 | - |
| Change in cash | - | €13,207 | -€29,982 | €7,675 | €7,325 | ▼ 4.6% |
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
12-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 12 days late
2025
31-12
Financial
Back to profitnet €2,284
Net result €2,284 after one loss-making year.
17-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 48 days late
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Highest result since 2018net €9,875 ▲59.1%
Operating result €15,283, net result €9,875, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.14
Current ratio from 0.93 to 3.14; short-term debt falls from €40,151 to €15,169.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €6,208
Net result €6,208 after 2 loss-making years.
24-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 146 days late
2019
31-12
Financial
Weakest financial yearnet -€14,487
Net result drops to -€14,487, the lowest in the series; recovery starts the following year.
Show earlier events
31-12
Financial
Liquidity quadruplescurrent ratio 4.64
Current ratio from 1.20 to 4.64; short-term debt falls from €33,960 to €7,509.
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1 day late
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
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 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
2 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, Zoersel · 1 establishment unit since 1995
Ground area
1,195 m²
Building footprint
205 m²
Volume, LiDAR
27 m³
Parcel 11453I0129/00R000, Flanders · tallest building 2.3 m. Linked by address, not a title deed.
1 establishment unit
SQUADRA
since 19952.072.547.926
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11453I0129/00R000 | Flanders | 1,195 m² | 1 · 205 m² | 2.3 m |
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 3,293 companies in sector 93110 we hold annual accounts for 1,496. 972 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
Founded29-06-1995
Fiscal year end31-12
Activities, NACEBEL 2025
93110Operation of sports facilities
47120Other non-specialised retail sale
47251Retail sale of wines and spirits
85510Sports and recreation education
Scores and ratios are computed by Checked and are not a credit decision.