Summary
SQUARE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €3.5m and a net result of €6,378. Its solvency ranks better than 88% of 8091 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 · 2 filingsDeviation from the deadline
2025
30 d late
2024
8 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 19 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€3.5m▼ 53.3%
2024 · €7.6m
Net result
€6,378▼ 99.9%
2024 · €7.3m
Total assets
€4.0m▼ 55.7%
2024 · €8.9m
Solvency
89.6%▲ 4.6pp
2024 · 85.0%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Operating result€5.9m--€105,508
Net result€7.3mabove the sector's middle half-€6,378within the sector's middle half▼ 99.9%
Equity€7.6mabove the sector's middle half-€3.5mabove the sector's middle half▼ 53.3%
Total assets€8.9mabove the sector's middle half-€4.0mabove the sector's middle half▼ 55.7%
Debt€1.3m-€409,549▼ 69.4%
Working capital€7.5mabove the sector's middle half-€3.4mabove the sector's middle half▼ 54.5%
Solvency85.0%above the sector's middle half-89.6%above the sector's middle half▲ 4.6pp
Current ratio7.31above the sector's middle half-13.79above the sector's middle half▲ 6.49
Return on assets (ROA)81.7%above the sector's middle half-0.2%below the sector's middle half▼ 81.6pp
Staff (FTE)0within the sector's middle half-
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2025 Net result -100% on 2024. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €105,508 after €5.9m in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.0m
Fixed assets
€275,653 ▲ 17.3%
Current assets
€3.7m ▼ 57.7%
Equity and liabilities €4.0m
Equity
€3.5m ▼ 53.3%
Debt
€409,549 ▼ 69.4%
Debt's share of the balance-sheet total falls from 15.0% to 10.4%. Equity and debt are lower.
Key figures and ratios
ROE
0.2%▼
2024 · 96.1%
Debt ≤ 1 year
€266,550▼
2024 · €1.2m
Debt > 1 year
€96,799▼
2024 · €128,696
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Other operating charges640/8 | €439 | €51,944 | ▲ 11,721% |
| Gross operating margin9900 | €5.9m | -€53,563 | ▼ 101% |
| Operating profit (loss)9901 | €5.9m | -€105,508 | ▼ 102% |
| Financial income75/76B | €1.4m | €117,347 | ▼ 91.7% |
| Recurring financial income75 | €1.4m | €117,347 | ▼ 91.7% |
| Financial charges65/66B | €5,030 | €5,461 | ▲ 8.6% |
| Recurring financial charges65 | €5,030 | €5,461 | ▲ 8.6% |
| Profit (loss) for the period before taxes9903 | €7.3m | €6,378 | ▼ 99.9% |
| Profit (loss) for the period9904 | €7.3m | €6,378 | ▼ 99.9% |
| Profit (loss) for the period to be appropriated9905 | €7.3m | €6,378 | ▼ 99.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €8.9m | €4.0m | ▼ 55.7% |
| Fixed assets21/28 | €235,000 | €275,653 | ▲ 17.3% |
| Financial fixed assets28 | €235,000 | €275,653 | ▲ 17.3% |
| Current assets29/58 | €8.7m | €3.7m | ▼ 57.7% |
| Amounts receivable after more than one year29 | €3.7m | €3.2m | ▼ 13.7% |
| Other amounts receivable291 | €3.7m | €3.2m | ▼ 13.7% |
| Amounts receivable within one year40/41 | €3.4m | €450,200 | ▼ 86.6% |
| Trade receivables40 | €53,164 | €0 | ▼ 100% |
| Other amounts receivable41 | €3.3m | €450,200 | ▼ 86.4% |
| Cash at bank and in hand54/58 | €1.7m | €31,655 | ▼ 98.1% |
| Deferred charges and accrued income490/1 | - | €44,200 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €8.9m | €4.0m | ▼ 55.7% |
| Equity10/15 | €7.6m | €3.5m | ▼ 53.3% |
| Contributions10/11 | €292,531 | €292,531 | = |
| Reserves13 | €7.3m | €3.2m | ▼ 55.4% |
| Distributable reserves133 | €7.3m | €3.2m | ▼ 55.4% |
| Profit (loss) carried forward14 | - | €0 | - |
| Amounts payable17/49 | €1.3m | €409,549 | ▼ 69.4% |
| Amounts payable after more than one year17 | €128,696 | €96,799 | ▼ 24.8% |
| Financial debts170/4 | €128,696 | €96,799 | ▼ 24.8% |
| Amounts payable within one year42/48 | €1.2m | €266,550 | ▼ 77.6% |
| Current portion of amounts payable after more than one year42 | €30,780 | €31,897 | ▲ 3.6% |
| Trade debts44 | €25,415 | €32,369 | ▲ 27.4% |
| Suppliers440/4 | €25,415 | €32,369 | ▲ 27.4% |
| Taxes, remuneration and social security45 | €285 | €285 | = |
| Taxes450/3 | €285 | €285 | = |
| Other amounts payable47/48 | €1.1m | €201,999 | ▼ 82.2% |
| Accrued charges and deferred income492/3 | €19,250 | €46,200 | ▲ 140% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €7.3m | €6,378 | ▼ 99.9% |
| Operating cash flow (approximation) | €7.3m | €6,378 | ▼ 99.9% |
| Investment in fixed assets (approximation) | - | -€40,653 | - |
| Change in cash | - | -€1.6m | - |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 8 days late
NBB filing
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Asse · 1 establishment unit since 2023
Ground area
1,086 m²
Building footprint
445 m²
Volume, LiDAR
3,758 m³
Parcel 23322B0100/00Z016, Flanders · tallest building 13.3 m, ±3 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
SQUARE
since 20232.342.412.814
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23322B0100/00Z016 | Flanders | 1,086 m² | 2 · 445 m² | 13.3 m · 3 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.
Structure & network
Owners and holdings
1 owner · 1 holdingChain of control
- MONTECITO
- SQUARE
Highest known parent: MONTECITO. The sources do not say who stands above it.
Owners 1
- MONTECITOparentSourceaccounts MONTECITO 202496.9%
Holdings 1
-
75.27%
According to the 2024 annual accounts of SQUARE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 9,217 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
Founded16-02-2023
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0798505087
Also
9925:BE0798505087
Registered
19-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.