Skip to content

SQUARE

Active Risk: not assessed Private limited companyfounded 2023active for 3 yearsNerviërsstraat 32, 1730 AsseKBO/BCE: BE 0798.505.087 subsidiary of MONTECITO

Overview

Lifetime

2 annual accounts with figures on one time axis
peak €5.9m (2024)
-€53,563▼ €5.9m
peak €7.3m (2024)
€6,378▼ 99.9%
peak €7.6m (2024)
€3.5m▼ 53.3%
€409,549▼ 69.4%
peak 0 FTE (2024)
-not published
Board6 names since 2023
3 directorsABONNA and 2 others
Owners2 names in the annual accounts
  
Documentsfilings and deeds
30-08-202630 days late
2025micro format
Gross margin from €5.9m to -€53,563Result from €7.3m to €6,3782 directors appointed, 1 resignation 20-01Dividend €4.1mEquity from €7.6m to €3.5mDebts from €1.3m to €409,549

Key points

from the 2025 annual accounts

Equity

€3.5m ▼ 53.3%
7.62024+0.01Profit-4.1Dividend3.52025

SQUARE paid out €4.1m in dividends. That is 63,495% of the 2025 profit.

Result

€6,378 ▼ 99.9%
€7.3m2024€6,3802025

The result fell in 2025: different schema filed.

Liquidity

13.79 was 7.31 in 2024

Short-term debts fell from €1.2m to €266,550.

Board

1 left

A director left. Latest change 01-03-2026 · 2 in office.

Position in the sector

€3.5m

More equity than 95% of companies in financial services. Sector median €124,004 · 9,777 companies.

2025 accounts filed 30 days after the deadlineFinancial institution: outside the modelBankruptcy probability: sector outside the model

Checked score

Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.

Bankruptcy probability within 12 months

The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

1 signal.
raises risk
raises risk · 2025 accounts filed 30 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filings
Deviation from the deadline
2025
30 days late
2024
8 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 2 accounts on average 19 days after the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since incorporation in 2023.
KBO publications

Board and ownership

DA
Director, Delcourt,Guido, since 20-12-2024

Shares in 1 company, KODECOFISK

Board & ownership

Recent changes

1 director appointed, 1 resignation Resignation: MONTECITO BV · Permanent representatives: Heleen Van Oost and Albert Petrosyan · Appointment: ABONNA BV · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0798505087
2 directors appointed, 1 resignation Resignation: Vleck, Luc (day-to-day manager) · Appointments: MONTECITO BV and DELCOFISC ACCOUNTANCY BV · Permanent representatives: Van Oost, Heleen and Delcourt, Guido · General meeting of 26-12-2024 · Gazette deed
Registered office moved within Asse New registered office: Nerviërsstraat 32A 1730 Asse · Previous registered office: Hendrik De Kosterlaan 44, 1731 Asse · Gazette deed
All 11 events

Comparable companies

same main activity, similar in size and age
Company
SQUARE Asse €4.0m -€53,563 89.6% -
AgriFoodInvest Leuven €3.3m -€1,253 0.0% -
MANTAN Lokeren €4.1m -€12,937 8.2% 0
Cactus 16 Bilzen-Hoeselt €3.5m -€134 -12.8% -
CAEDES Zottegem €4.2m -€77,934 31.0% 0
ID.HOLD Harelbeke €4.5m -€237 78.7% -
Found & Baker Group Bruges €3.9m -€38,214 29.0% -

These companies have the same main activity as SQUARE: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €3.3m and €4.5m, founded between 2022 and 2023.

Official details

Source: KBO
Status
Active since 16-02-2023Normal situation
Registered office
11 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
Activity
Activities of holding companiesNACE 64210
Establishment unit
2.342.412.8141730 Asse, since 16-02-2023
Financial year end
31 December
Peppol
Reachable since 19-09-2025
Company details

Annual accounts 2025

€6,378▼ 99.9%
€3.5m▼ 53.3%
€4.0m▼ 55.7%
Filing
Filed on 30-08-2026
Financials

Insights on SQUARE

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 9,770 sector peers (NACE 64, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 30-08-2026, 30 days late
€3.5m
▼ 53.3%
€4.0m
▼ 55.7%
€6,378
▼ 99.9%
89.6%
▲ 4.6 percentage points
0.2%
▼ 96.0 percentage points
0.2%
▼ 81.6 percentage points

Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.

Balance sheet

balance sheet total €4.0m on 31-12-2025
What the company ownsHow it is paid for

in €m

in €m

Position in the sector

89.6%

Higher than 88% of 9,770 companies in 2025.

0.2%

Higher than 19% of 9,624 companies in 2025.

SQUARE Middle half of the sector 80% of the sector Micro accounts in financial services (NACE 64)

Net result: middle half · Equity: top quarter · Balance sheet total: top quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024
Balance sheet: assets
20/58 4.0m8.9m
21/28 275,653235,000
28 275,653235,000
29/58 3.7m8.7m
29 3.2m3.7m
291 3.2m3.7m
40/41 450,2003.4m
40 053,164
41 450,2003.3m
54/58 31,6551.7m
490/1 44,200-
Balance sheet: equity and liabilities
10/49 4.0m8.9m
10/15 3.5m7.6m
10/11 292,531292,531
13 3.2m7.3m
133 3.2m7.3m
14 0-
17/49 409,5491.3m
17 96,799128,696
170/4 96,799128,696
42/48 266,5501.2m
42 31,89730,780
44 32,36925,415
440/4 32,36925,415
45 285285
450/3 285285
47/48 201,9991.1m
492/3 46,20019,250
Income statement
9900 -53,5635.9m
640/8 51,944439
9901 -105,5085.9m
75/76B 117,3471.4m
75 117,3471.4m
65/66B 5,4615,030
65 5,4615,030
9903 6,3787.3m
9904 6,3787.3m
9905 6,3787.3m
Appropriation of the result
9906 6,3787.3m
791/2 4.1m-
691/2 6,3787.3m
6921 6,3787.3m
694/7 4.1m-
694 4.1m-
Social balance sheet
9087 -0
Document PDFPDF

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 30-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 30 days after the deadline. Filed on 30 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00453732.

Financial year Type Filed Reference Document
31-12-2025 micro format 30-08-2026 2026-00453732 PDF
31-12-2024 abbreviated format 08-08-2025 2025-00366326 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024
40,653504,598
-1.6m-
89.6%85.0%
0.2%96.1%
0.2%81.7%

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024
Financial fixed assets€40,653€504,598

Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)

Insights on SQUARE

The operating result for 2025 is a loss of €105,508, after a profit of €5.9m in 2024.

Debt's share of the balance-sheet total falls from 15.0% to 10.4%. Equity and debt are lower.

Large changes and their cause
  • 2025 Net result -100% on 2024. The accounts now follow the micro format, last year the abbreviated format.

Board & ownership

Board

2 directors, no change since March 2026
Director, permanent representative Albert Petrosyan
current term since 20-12-2024
also on the board of 2 other companies
listed in the 2025 annual accounts, filed on 30-08-2026
1 other company bankrupt
Director, permanent representative Delcourt,Guido
since 20-12-2024
also on the board of 2 other companies
listed in the 2025 annual accounts, filed on 30-08-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Artikel 13. Bevoegdheden van het bestuursorgaan § 1. Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders…”
deed of 20-02-2023
Permanent representatives 2
Permanent representative, for ABONNA
appointed by deed of 20-02-2023
Delcourt,Guido
Permanent representative, for DELCOFISC ACCOUNTANCY
appointed by deed of 20-01-2025

Office holders in the KBO →

Mandates through the years

6 names, the dashed line is today
ABONNA
Director (not named in the articles)
MONTECITO
Director
Vleck Luc
Day-to-day manager
Albert Petrosyan
Director (not named in the articles)
Francis Felix André VANDENBERGHE
Director (not named in the articles)
BoardEarliermandate already running before its first mention
Mandates as a list
  • ABONNA
    • Director, until 16-02-2023
    • Director (not named in the articles), appointed by deed of 20-02-2023, still in office
  • DELCOFISC ACCOUNTANCY
    • Director, from 20-12-2024 to date
  • MONTECITO
    • Director, appointed by deed of 20-01-2025, until 01-03-2026
  • Vleck Luc
    • Director (not named in the articles), appointed by deed of 20-02-2023, until 20-12-2024
    • Day-to-day manager, appointed by deed of 20-02-2023, until 20-12-2024
  • Albert Petrosyan
    • Director (not named in the articles), appointed by deed of 12-04-2023, until 23-11-2023
  • Francis Felix André VANDENBERGHE
    • Director (not named in the articles), appointed by deed of 20-02-2023, until 23-11-2023

See the board, name and registered office on a given date →

Control

Parent
Equity €4.4m
Profit €4.0m in 2025 (profit €17,727 in 2024)
Checked score 96
96.9%
This company
SQUARE
Equity €3.5m
Profit €6,378 in 2025

Capital

Contribution
€292,530.56
Shares
1,000
Contribution per share
€293
Equity per share
€3,542 in 2025
Source
2025 annual accounts

Owners through the years

as the annual accounts name them
47% until 2023
Owners as a list

Source: lists of holdings in the owners' accounts

Articles of association

deed of 20-02-2023 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 1 director
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Tuesday of May at 18:00
Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor

Capital transactions

Shareholders according to the deeds
At incorporation deed of 20-02-2023 ↗
  • VLECK Luc François Edmond founder
  • VANDENBERGHE Francis Felix André founder
  • Luc Vleck 500 shares (50%) · €170,000
  • Francis Vandenberghe 60 shares (6%) · €20,400
  • DE NYN ADOVCATEN & PARTNERS 440 shares (44%) · €149,600
Capital over time
  1. 20-02-2023 Incorporation · 1,000 shares

The directors' other companies

1 current director with another company that went bankrupt, was dissolved or struck off

1 other company of this director went bankrupt (2025).

Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it.

Network & group

Holdings

own 2024 accounts, the bar shows equity in euros
This companySQUARE1 holding, 1 country 2024 accounts

Belgium 1 Equity Result

  • BE KODECOFISK75.27%no longer active €95,771 result €8,513

Source: list of holdings in its own 2024 accounts. Every holding stands with its own latest accounts.

Parent

MONTECITO
0721.829.458 · 96.9% of the shares · equity €4.4m · profit €4.0m (2025)
Checked score 96

At the same address

Nerviërsstraat 32, 1730 Asse · 10 other companies
Venkover
registered office since 22-02-2024 · founded in 2024
total assets €7.1m (2025)
1006.333.032
AXXON GROUP
registered office since 24-09-2024 · founded in 2024
total assets €6.5m (2025)
1014.046.512
DE VUYST - VAN ELSUE
registered office since 05-01-1994 · founded in 1994
total assets €4.3m (2025)
0451.770.372
Belicraft
establishment since 01-05-2024 · founded in 2024 · negative equity (2025)
30 FTE (2025)
1007.445.364
DE VUYST Georges
establishment since 12-07-2013 · founded in 1981
9.3 FTE (2022)
0421.138.663
LIV-IT
registered office since 04-01-2012 · founded in 2012
total assets €1.4m (2025)
0842.374.328
RODIMO
registered office since 02-08-1995 · founded in 1995 · negative equity (2025)
total assets €1.3m (2025)
0455.787.459
ETS. NOUJEIM
registered office since 14-02-1984 · founded in 1984
total assets €325,696 (2025)
0425.250.869
Prisma Consulting
registered office since 17-11-2023 · founded in 2023
total assets €137,620 (2025)
1002.385.429
LDWP
registered office since 16-09-2025
founded in 2025
1027.702.330

Earlier ties

PETROSYAN GROUP
via ABONNA, no longer at PETROSYAN GROUP · Director · deed of 10-03-2020
Open bankruptcy · founded in 2018
3 FTE (2024)
THE NICK
via MONTECITO, at SQUARE until 2026 · Director · deed of 04-06-2026
founded in 1999
turnover €690,066 (2025)
ALEXAN
via MONTECITO, at SQUARE until 2026 · Director · deed of 04-12-2025
founded in 2023
total assets €5.1m (2025)
FIDEVO
via MONTECITO, at SQUARE until 2026 · Director · deed of 04-06-2026
founded in 2011
turnover €766,092 (2025)
RR Real Estate
via MONTECITO, at SQUARE until 2026 · Director · deed of 22-05-2026
founded in 2016
turnover €398,035 (2025)
BELASIMMO
via MONTECITO, at SQUARE until 2026 · Director · deed of 28-02-2023
founded in 1997
total assets €4.4m (2025)
Show 4 more earlier ties
IMMO HORIZON
via MONTECITO, at SQUARE until 2026 · Director · deed of 04-06-2026
founded in 2007
turnover €698,310 (2025)
ACCOFIS CONSULT
via Vleck Luc, at SQUARE until 2024 · Permanent representative · deed of 26-09-2024
founded in 1992
total assets €2.7m (2025)
LUC VLECK & CO
via Vleck Luc, at SQUARE until 2024 · Statutory director · deed of 28-12-2022
founded in 2009
total assets €1.3m (2025)
LDWP
via MONTECITO, at SQUARE until 2026 · Director · deed of 18-09-2025
founded in 2025

Holdings and subsidiaries

1 holding

Holdings 1

Share, source and own figures per holding (1)

Board mandates elsewhere

1 board mandate
Board mandates of SQUARESQUARE sits on their board1
Director
No longer active · total assets €252,077 (2024)

Connections & network

4 connected companies

Timeline

Timeline

11 events since 2023

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 30 days late
1 director appointed, 1 resignationResignation: MONTECITO BV · Permanent representatives: Heleen Van Oost and Albert Petrosyan · Appointment: ABONNA BV4 points ▸

Open the deed in the Belgian Official Gazette

2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0798505087
Annual accounts 2024 filed PDFabbreviated format · 8 days late
2 directors appointed, 1 resignationResignation: Vleck, Luc (day-to-day manager) · Appointments: MONTECITO BV and DELCOFISC ACCOUNTANCY BV · Permanent representatives: Van Oost, Heleen and Delcourt, Guido · General meeting of 26-12-20247 points ▸

Open the deed in the Belgian Official Gazette

2024
Registered office moved within AsseNew registered office: Nerviërsstraat 32A 1730 Asse · Previous registered office: Hendrik De Kosterlaan 44, 1731 Asse1 point ▸
  • Registered-office move, Nerviërsstraat 32A 1730 Asse

Open the deed in the Belgian Official Gazette

Company renamed from AXXON ACCOUNTANTS to SQUARE1 point ▸
  • Name change, SQUARE
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

2023
Resignations: Vandenberghe Francis (director) and Petrosyan Albert (director)Director discharge: Vandenberghe Francis · Director discharge: Petrosyan Albert · General meeting of 11-10-20235 points ▸
  • General meeting, 11-10-2023
  • Director resignation, Vandenberghe Francis
  • Director discharge, Vandenberghe Francis
  • Director resignation, Petrosyan Albert
  • Director discharge, Petrosyan Albert

Open the deed in the Belgian Official Gazette

New directorPetrosyan Albert appointed, Abonna BV resigned · Permanent representative: Petrosyan Albert · General meeting of 20-03-20234 points ▸

Open the deed in the Belgian Official Gazette

IncorporationFounders: DE NYN ADOVCATEN & PARTNERS, VLECK Luc François Edmond and VANDENBERGHE Francis Felix André · 1,000 shares · Appointments: VLECK Luc François Edmond, VANDENBERGHE Francis Felix André and ABONNA · published on 20-02-202311 points ▸
  • Founder, VLECK Luc François Edmond (comparant)
  • Founder, VANDENBERGHE Francis Felix André (comparant)
  • 1,000 shares
  • Registered office clause, Hendrik de Kosterlaan 44, 1731 Asse (Zellik)
  • Director appointment, VLECK Luc François Edmond (director (not named in the articles))
  • Director appointment, VANDENBERGHE Francis Felix André (director (not named in the articles))
  • Director appointment, ABONNA (director (not named in the articles))
  • Permanent representative, Albert Petrosyan
  • Director appointment, VLECK Luc François Edmond (day-to-day manager)
  • Power of attorney, Robbe Tack (gemachtigde van de vennootschap)
  • Power of attorney, Robbe Tack
  • The deed holds 5 more points.

Open the deed in the Belgian Official Gazette

First establishment Nerviërsstraat 32a, Asse

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

SQUARE was incorporated on 16 February 2023 as a private limited company by DE NYN ADOVCATEN & PARTNERS and four natural persons.12 The name was changed to SQUARE in 2024.3 The registered office was moved to Asse in 2024.4 The board currently has 2 members, 2 of whom have served since 2024.5

  1. 1KBO register
  2. 2Belgian Official Gazette, 20-02-2023
  3. 3Belgian Official Gazette, 09-04-2024
  4. 4Belgian Official Gazette, 30-09-2024
  5. 5National Bank, annual accounts 2025

Company details

Identity

Enterprise number
0798.505.087
VAT number
BE 0798.505.087
Peppol ID
0208:0798505087
Other Peppol ID
9925:BE0798505087
Legal form
Private limited company
Status
Active, normal situation
Founded
16-02-2023
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Tuesday of May at 18:00
deed of 20-02-2023 (in Dutch)
Peppol
Reachable since 19-09-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
SQUARE in Dutch
Former name
AXXON ACCOUNTANTS until the deed of 09-04-2024
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 20-02-2023 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 20-02-2023 (in Dutch)

Activities

NACEBEL 2025
Codes under NACEBEL 2008
64200 Holdings main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Juridische dienstverlening die verband houden met de werkzaamheden van de beroepsbeoefenaar; Het verstrekken van adviezen in…”
8 activities
  1. Juridische dienstverlening die verband houden met de werkzaamheden van de beroepsbeoefenaar;
  2. Het verstrekken van adviezen in statistische,economische,financiële en administratieve aangelegenheden,
  3. Het uitvoeren van allerlei studies en werkzaamheden dienaangaande,met uitzondering van beleggingsadvies en de activiteiten waarvoor een bijkomende erkenning vereist is en/of die door de wet voorbehouden zijn aan andere beroepen;
  4. Het verstrekken van advies en bijstand over de sociale wetgeving,loonberekeningen of het verlenen van bijstand bij het vervullen van bepaalde sociaalrechtelijke formaliteiten.
  5. Activiteiten van juridische en economische aard die verenigbaar zijn met de deontologie van het beroep
  6. Uitoefening van activiteiten van syndicus
  7. Vereffenaar van andere vennootschappen
  8. Het uitoefenen van bestuursmandaten bij andere rechtspersonen die zijn ingeschreven in het openbaar register van het Instituut.
deed of 20-02-2023 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Nerviërsstraat 32 registered office 1730 Asse
Nerviërsstraat 32a 1730 Asse 16-02-2023 2.342.412.814
1 former office
  • Hendrik De Kosterlaan 44, 1731 Asse until 01-09-2024 · deed of 30-09-2024

Buildings and parcels at the address

Ground area
1,086 m²
Buildings
445 m²
Volume, LiDAR
3,758 m³
Tallest building
13.3 m
Buildings to scale, each on its own parcel
445 m², 13.3 m 445 m², 13.3 m

Location

registered office establishment The establishment unit on the map
11 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
23322B0100/00Z0161,086 m² 2 · 445 m² 13.3 m · 3