SQUAMOUR Label
ActiveSummary
SQUAMOUR Label has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16,189 and a net result of €685. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 31% of 2035 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+8
Solvency48▲+10
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 12.34 against 15.84 in 2024; short-term debt: 7.7% and cash: 53.1% of total assets), but 76.8% 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+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 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-09-2026, 34 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 · 5 filingsDeviation from the deadline
2025
34 d late
2024
63 d late
2023
61 d late
2022
45 d early
2021
77 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 38 days after 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 1 October (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€16,189▲ 4.4%
2024 · €15,504
Total assets
€69,872▼ 41.4%
2024 · €119,241
Net result
€685
2024 · -€1,746
Working capital
€60,685▼ 42.2%
2024 · €104,941
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 90, Arts creation and performing arts 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€8,945-€22,042▲ 146%-€7,073€206€1,867▲ 806%
Net result€5,703within the sector's middle half-€17,446within the sector's middle half▲ 206%-€7,497below the sector's middle half-€1,746within the sector's middle half▲ 76.7%€685within the sector's middle half
Equity€4,903below the sector's middle half-€25,049within the sector's middle half▲ 411%€17,552within the sector's middle half▼ 29.9%€15,504within the sector's middle half▼ 11.7%€16,189within the sector's middle half▲ 4.4%
Total assets€202,117within the sector's middle half-€172,210within the sector's middle half▼ 14.8%€190,142within the sector's middle half▲ 10.4%€119,241within the sector's middle half▼ 37.3%€69,872within the sector's middle half▼ 41.4%
Debt€197,214-€147,161▼ 25.4%€172,590▲ 17.3%€103,737▼ 39.9%€53,683▼ 48.3%
Working capital€131,645above the sector's middle half-€93,029above the sector's middle half▼ 29.3%€151,401above the sector's middle half▲ 62.7%€104,941above the sector's middle half▼ 30.7%€60,685within the sector's middle half▼ 42.2%
Solvency2.4%below the sector's middle half-14.5%within the sector's middle half▲ 12.1pp9.2%below the sector's middle half▼ 5.3pp13.0%below the sector's middle half▲ 3.8pp23.2%within the sector's middle half▲ 10.2pp
Current ratio3.05within the sector's middle half-2.39within the sector's middle half▼ 0.666.49above the sector's middle half▲ 4.1015.84above the sector's middle half▲ 9.3512.34above the sector's middle half▼ 3.50
Return on assets (ROA)2.8%within the sector's middle half-10.1%within the sector's middle half▲ 7.3pp-3.9%within the sector's middle half▼ 14.1pp-1.5%within the sector's middle half▲ 2.5pp1.0%within the sector's middle half▲ 2.4pp
above
within
below
the middle half (P25 to P75) of NACE 90, Arts creation and performing arts activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the 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 806% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €69,872
Fixed assets
€3,837 ▼ 46.9%
Current assets
€66,035 ▼ 41.0%
Equity and liabilities €69,872
Equity
€16,189 ▲ 4.4%
Debt
€53,683 ▼ 48.3%
Debt's share of the balance-sheet total falls from 87.0% to 76.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5,259▲
2024 · €4,127
Cash flow
€4,077▲
2024 · €2,176
Debt to equity
3.32▼
2024 · 6.69
ROE
4.2%▲
2024 · -11.3%
Interest coverage
9.34▲
2024 · 5.45
Debt ≤ 1 year
€5,350▼
2024 · €7,071
Income taxes
€1,887▼
2024 · €2,514
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,275 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
2.5%
went bankrupt
2.5%
stopped otherwise
95%
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 0.9% 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 497,340 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 3,275 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 | €2,430 | €5,658 | €5,425 | €3,921 | €3,393 | ▼ 13.5% |
| Other operating charges640/8 | €415 | - | €63 | €829 | €697 | ▼ 15.9% |
| Gross operating margin9900 | €11,791 | €27,700 | -€1,586 | €4,956 | €5,956 | ▲ 20.2% |
| Operating profit (loss)9901 | €8,945 | €22,042 | -€7,073 | €206 | €1,867 | ▲ 806% |
| Financial income75/76B | €73 | €56 | €74 | €1,319 | €1,267 | ▼ 3.9% |
| Recurring financial income75 | €73 | €56 | €74 | €1,319 | €1,267 | ▼ 3.9% |
| Non-recurring financial income76B | - | - | €74 | - | - | - |
| Financial charges65/66B | €1,441 | €237 | €122 | €757 | €563 | ▼ 25.6% |
| Recurring financial charges65 | €1,441 | €237 | €114 | €757 | €563 | ▼ 25.6% |
| Non-recurring financial charges66B | - | - | €9 | - | - | - |
| Profit (loss) for the period before taxes9903 | €7,578 | €21,862 | -€7,121 | €768 | €2,571 | ▲ 235% |
| Income taxes67/77 | €1,875 | €4,416 | €376 | €2,514 | €1,887 | ▼ 24.9% |
| Profit (loss) for the period9904 | €5,703 | €17,446 | -€7,497 | -€1,746 | €685 | ▲ 139% |
| Profit (loss) for the period to be appropriated9905 | €5,703 | €17,446 | -€7,497 | -€1,746 | €685 | ▲ 139% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €202,117 | €172,210 | €190,142 | €119,241 | €69,872 | ▼ 41.4% |
| Fixed assets21/28 | €6,258 | €12,020 | €11,151 | €7,230 | €3,837 | ▼ 46.9% |
| Tangible fixed assets22/27 | €6,258 | €12,020 | €11,151 | €7,230 | €3,837 | ▼ 46.9% |
| Plant, machinery and equipment23 | €6,258 | €3,362 | €1,816 | €842 | €396 | ▼ 53.0% |
| Furniture and vehicles24 | - | €8,658 | €9,335 | €6,388 | €3,441 | ▼ 46.1% |
| Current assets29/58 | €195,859 | €160,190 | €178,991 | €112,012 | €66,035 | ▼ 41.0% |
| Amounts receivable within one year40/41 | €4,800 | €39,756 | €70,630 | €45,382 | €28,938 | ▼ 36.2% |
| Trade receivables40 | €2,573 | €27,761 | €34,329 | €2,573 | €2,872 | ▲ 11.6% |
| Other amounts receivable41 | €2,227 | €11,995 | €36,302 | €42,808 | €26,066 | ▼ 39.1% |
| Cash at bank and in hand54/58 | €191,059 | €120,435 | €108,250 | €66,630 | €37,096 | ▼ 44.3% |
| Deferred charges and accrued income490/1 | - | - | €111 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €202,117 | €172,210 | €190,142 | €119,241 | €69,872 | ▼ 41.4% |
| Equity10/15 | €4,903 | €25,049 | €17,552 | €15,504 | €16,189 | ▲ 4.4% |
| Contributions10/11 | - | €3,500 | €3,500 | €3,500 | €3,500 | = |
| Profit (loss) carried forward14 | €4,903 | €21,549 | €14,052 | €12,004 | €12,689 | ▲ 5.7% |
| Amounts payable17/49 | €197,214 | €147,161 | €172,590 | €103,737 | €53,683 | ▼ 48.3% |
| Amounts payable within one year42/48 | €64,214 | €67,161 | €27,590 | €7,071 | €5,350 | ▼ 24.3% |
| Financial debts43 | - | €479 | - | - | - | - |
| Credit institutions430/8 | - | €479 | - | - | - | - |
| Trade debts44 | €15,395 | €26,756 | €23,438 | €681 | €2,302 | ▲ 238% |
| Suppliers440/4 | €15,395 | €26,756 | €23,438 | €681 | €2,302 | ▲ 238% |
| Taxes, remuneration and social security45 | €9,070 | €9,254 | €4,152 | €6,389 | €3,048 | ▼ 52.3% |
| Taxes450/3 | €9,070 | €9,254 | €3,939 | €6,389 | €1,887 | ▼ 70.5% |
| Remuneration and social security454/9 | - | - | €213 | - | €1,160 | - |
| Other amounts payable47/48 | €39,749 | €30,672 | - | - | - | - |
| Accrued charges and deferred income492/3 | €133,000 | €80,000 | €145,000 | €96,667 | €48,333 | ▼ 50.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,703 | €17,446 | -€7,497 | -€1,746 | €685 | ▲ 139% |
| + Depreciation and write-downs630 | €2,430 | €5,658 | €5,425 | €3,921 | €3,393 | ▼ 13.5% |
| Operating cash flow (approximation) | €8,133 | €23,104 | -€2,073 | €2,176 | €4,077 | ▲ 87.4% |
| Investment in fixed assets (approximation) | - | -€11,420 | -€4,556 | €0 | €0 | - |
| Change in cash | - | -€70,624 | -€12,185 | -€41,620 | -€29,534 | ▲ 29.0% |
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
03-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 34 days late
2025
31-12
Financial
Back to profitnet €685
Net result €685 after 2 loss-making years.
02-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 63 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 15.84
Current ratio from 6.49 to 15.84; short-term debt falls from €27,590 to €7,071.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet -€7,497
Net result drops to -€7,497, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 6.49
Current ratio from 2.39 to 6.49; short-term debt falls from €67,161 to €27,590.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €17,446 ▲206%
Operating result €22,042, net result €17,446, both a record.
16-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 77 days late
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, Sint-Agatha-Berchem · 1 establishment unit since 2020
Ground area
262 m²
Building footprint
99 m²
Volume, LiDAR
889 m³
Parcel 21003A0315/00Z004, Brussels · tallest building 13.6 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
.
since 20202.310.120.425
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21003A0315/00Z004 | Brussels | 262 m² | 1 · 99 m² | 13.6 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 2,276 companies in sector 90202 we hold annual accounts for 415. 260 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
Founded19-08-2020
Fiscal year end31-12
Activities, NACEBEL 2025
90202Performing arts by artistic ensembles
59113Video and film production, excluding cinema and television films
90311Arts creation and performing arts activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0752730391
Also
9925:BE0752730391
Registered
09-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.