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SQUARE 2

Active
Private limited companyfounded 2006active for 19 yearsAvenue des Petits Champs 34, 1410 Waterloo, BelgiumKBO/BCE: BE 0885.626.727
Summary

SQUARE 2 has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €154,478. Equity is growing by about 31% per year across the filed financial years. Its solvency ranks better than 38% of 9,760 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Other specialised construction activities
NACE 43990Activities of interior architects NACE 71112
5th largest company by equity in Waterloo, Construction sector2 sites
Size
€3.2mtotal assets 2025
Staff
1.5 FTE
Equity
€1.1m
Profit
€154,478
Financial health
88 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Accounts filed 14 days late1 of 4 deeds read
Why 88raises riskSector: Specialised construction activities (NACE 43)lowers riskSize: 1.5 FTE, total assets €3.2mFigures for financial year 2025 (filed 14-08-2026)Founded in 2006Show the evidence

Checked score

Score 2025
88 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 40% of its sector peers (NACE 43, micro)
Financial strength · tick = 2024
Average
Solvency 60+2
equity 34.6% of total assets
Liquidity 30-3
short-term debt 51.9% · cash 5.0%
Profitability 75+17
return on assets 4.8%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,587 companies, NACE 43, micro)
Last 24 months 11-2024: 0.1%lowest value 12-2024: 0.1%● unchanged vs 11-2024lowest value 01-2025: 0.1%● unchanged vs 12-2024lowest value 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.2%▲ +0.1 percentage points vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.3%▲ +0.1 percentage points vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.4%▲ +0.1 percentage points vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.5%▲ +0.1 percentage points vs 06-2026 08-2026: 1.2%▲ +0.7 percentage points vs 07-2026highest value 09-2026: 0.2%▼ -1.0 percentage point vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026
Credit of up to €95,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.61, compared with 1.7 in 2024, above the usual 1.5; short-term debt: 51.9% and cash: 5% of total assets), but 65.4% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 37% on solvency, 19% on liquidity, 48% on profitability and 56% on growth.

The bankruptcy probability was computed on 21-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Size: 1.5 FTE, total assets €3.2m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed 14-08-2026)
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
lowers risk · Founded in 2006
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
14 days late
2024
31 days early
2023
5 days early
2022
70 days early
2021
25 days late
2020
1 day early
2019
on the day
← 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 10 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% 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. The company usually files around 27 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
22-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Annual accounts filedfinancial year 2024 · full…
  3. Equity above €1mequity €1.0m ▲9.9%

Financials · financial year 2025, abbreviated format

2025 annual accounts filed late (14 days) Filed on 14 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00399162.

Turnover
€10.6m▲ 15.7%
2023 · €9.2m
EBIT margin
1.3%▼ 3.4pp
2023 · 4.8%
Net result
€154,478▲ 69.8%
2024 · €90,988
Working capital
€1.0m▲ 1.0%
2024 · €1.0m
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result recovers in 2025; 2025 is 82% above 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€10.6m 2024 Operating result€0.3m 2025 Net result€0.2m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€3.5m-€3.7m▲ 7.8%€5.4m▲ 44.9%€5.9m▲ 8.6%€7.7m▲ 32.1%€9.2m▲ 18.4%€10.6m▲ 15.7%
Operating result€0.05m-€0.06m▲ 15.3%€0.2m▲ 240%€0.2m▼ 5.4%€0.2m▲ 26.1%€0.4m▲ 82.3%€0.1m▼ 67.6%€0.3m▲ 82.0%
Net result€0.04m-€0.05m▲ 19.7%€0.2mabove the sector's middle half▲ 236%€0.1mabove the sector's middle half▼ 15.6%€0.2mabove the sector's middle half▲ 30.4%€0.3mabove the sector's middle half▲ 87.3%€0.09mwithin the sector's middle half▼ 71.5%€0.2mabove the sector's middle half▲ 69.8%
EBIT margin1.5%-1.6%▲ 0.1pp3.7%▲ 2.1pp3.2%▼ 0.5pp3.1%▼ 0.1pp4.8%▲ 1.7pp1.3%▼ 3.4pp
Equity€0.1m-€0.1m▲ 16.5%€0.3mwithin the sector's middle half▲ 108%€0.4mwithin the sector's middle half▲ 43.8%€0.6mwithin the sector's middle half▲ 39.7%€0.9mabove the sector's middle half▲ 53.2%€1.0mabove the sector's middle half▲ 9.9%€1.1mabove the sector's middle half▲ 10.3%
Total assets€0.5m-€0.5m▼ 7.7%€0.7mwithin the sector's middle half▲ 43.3%€0.9mwithin the sector's middle half▲ 30.2%€1.0mwithin the sector's middle half▲ 12.0%€1.2mwithin the sector's middle half▲ 13.2%€3.1mabove the sector's middle half▲ 164%€3.2mabove the sector's middle half▲ 5.2%
Debt€0.4m-€0.3m▼ 15.0%€0.4m▲ 16.6%€0.5m▲ 20.1%€0.4m▼ 12.5%€0.2m▼ 43.2%€2.1m▲ 748%€2.1m▲ 2.7%
Working capital€0.1m-€0.1m▲ 15.2%€0.3mwithin the sector's middle half▲ 120%€0.4mabove the sector's middle half▲ 62.0%€0.5mabove the sector's middle half▲ 30.3%€0.9mabove the sector's middle half▲ 58.6%€1.0mabove the sector's middle half▲ 17.7%€1.0mabove the sector's middle half▲ 1.0%
Solvency23.2%-29.3%▲ 6.1pp42.4%within the sector's middle half▲ 13.2pp46.9%within the sector's middle half▲ 4.4pp58.5%above the sector's middle half▲ 11.6pp79.2%above the sector's middle half▲ 20.7pp33.0%within the sector's middle half▼ 46.2pp34.6%within the sector's middle half▲ 1.6pp
Current ratio1.27-1.39▲ 0.121.71within the sector's middle half▲ 0.332.01within the sector's middle half▲ 0.292.37within the sector's middle half▲ 0.364.85above the sector's middle half▲ 2.481.70within the sector's middle half▼ 3.151.61within the sector's middle half▼ 0.09
Return on assets (ROA)7.2%-9.4%▲ 2.1pp22.0%above the sector's middle half▲ 12.6pp14.3%above the sector's middle half▼ 7.7pp16.6%above the sector's middle half▲ 2.3pp27.5%above the sector's middle half▲ 10.9pp3.0%within the sector's middle half▼ 24.5pp4.8%within the sector's middle half▲ 1.8pp
Staff (FTE)0.5-0.5=0.5below the sector's middle half=0.5below the sector's middle half=0.5below the sector's middle half=0.5below the sector's middle half1.5below the sector's middle half▲ 200%
above within below the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.2m
Fixed assets €524,173 ▼ 11.7%
Current assets €2.7m ▲ 9.3%
Equity and liabilities €3.2m
Equity €1.1m ▲ 10.3%
Debt €2.1m ▲ 2.7%
Debt's share of the balance-sheet total falls from 67.0% to 65.4%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€327,647▲
2024 · €218,608
Cash flow
€225,266▲
2024 · €168,440
Quick ratio
1.56▼
2024 · 1.62
Debt to equity
1.89▼
2024 · 2.03
ROE
13.9%▲
2024 · 9.0%
Interest coverage
12.80▲
2024 · 10.59
Debt ≤ 1 year
€1.7m▲
2024 · €1.5m
Debt > 1 year
€433,945▼
2024 · €493,288
Income taxes
€78,286▲
2024 · €31,466
Staff costs
€30,078▲
2024 · €29,718
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 63 lines
Balance sheet Code20242025
Assets
Total assets20/58€3.1m€3.2m▲
Fixed assets21/28€0.6m€0.5m▼
Tangible fixed assets22/27€0.6m€0.5m▼
Land and buildings22€0.3m€0.3m▼
Plant, machinery and equipment23€0.04m€0.02m▼
Furniture and vehicles24€0.2m€0.1m▼
Other tangible fixed assets26€0.05m€0.04m▼
Financial fixed assets28€0.007m€0.007m=
Current assets29/58€2.5m€2.7m▲
Stocks and contracts in progress3€0.1m€0.09m▼
Stocks30/36€0.1m€0.09m▼
Amounts receivable within one year40/41€2.2m€2.4m▲
Trade receivables40€1.6m€2.2m▲
Other amounts receivable41€0.5m€0.2m▼
Cash at bank and in hand54/58€0.2m€0.2m▼
Deferred charges and accrued income490/1€0.008m€0.01m▲
Equity and liabilities
Total equity and liabilities10/49€3.1m€3.2m▲
Equity10/15€1.0m€1.1m▲
Contributions10/11€0.02m€0.02m=
Reserves13€0.1m€0.2m▲
Non-distributable reserves130/1€0.002m-
Reserves not available under the articles1311€0.002m-
Distributable reserves133€0.1m€0.2m▲
Profit (loss) carried forward14€0.9m€0.9m▲
Amounts payable17/49€2.1m€2.1m▲
Amounts payable after more than one year17€0.5m€0.4m▼
Financial debts170/4€0.5m€0.4m▼
Amounts payable within one year42/48€1.5m€1.7m▲
Current portion of amounts payable after more than one year42€0.1m€0.09m▼
Financial debts43-€0.1m
Credit institutions430/8-€0.1m
Trade debts44€1.3m€1.4m▲
Suppliers440/4€1.3m€1.4m▲
Taxes, remuneration and social security45€0.07m€0.03m▼
Taxes450/3€0.07m€0.02m▼
Remuneration and social security454/9€0.003m€0.004m▲
Other amounts payable47/48€0.02m€0.06m▲
Accrued charges and deferred income492/3€0.1m€0.001m▼
Income statement Code20242025
Turnover70€10.6m-
Goods, raw materials, services and sundry goods60/61€10.4m-
Remuneration, social security and pensions62€0.03m€0.03m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.08m€0.07m▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0.001m-
Other operating charges640/8€0.02m€0.004m▼
Gross operating margin9900€0.3m€0.4m▲
Operating profit (loss)9901€0.1m€0.3m▲
Financial income75/76B€0.002m€0.001m▼
Recurring financial income75€0.002m€0.001m▼
Financial charges65/66B€0.02m€0.03m▲
Recurring financial charges65€0.02m€0.03m▲
Non-recurring financial charges66B€370-
Profit (loss) for the period before taxes9903€0.1m€0.2m▲
Income taxes67/77€0.03m€0.08m▲
Profit (loss) for the period9904€0.09m€0.2m▲
Profit (loss) for the period to be appropriated9905€0.09m€0.2m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.9m€1.0m▲
Profit (loss) brought forward from the previous period14P€0.8m€0.9m▲
Transfer from equity791/2-€0.05m
Transfer to equity691/2-€0.2m
To other reserves6921-€0.2m
Profit to be distributed694/7-€0.05m
Return on contributions (dividend)694-€0.05m
Social balance sheet
Average headcount (FTE)90870.51.5▲

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Turnover70€3.5m€3.7m€5.4m€5.9m€7.7m€9.2m€10.6m--
Non-recurring operating income76A---€413-----
Goods, raw materials, services and sundry goods60/61---€5.7m€7.5m€8.7m€10.4m--
Remuneration, social security and pensions62---€0.02m€0.02m€0.02m€0.03m€0.03m▲ 1.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.03m€0.03m€0.03m€0.03m€0.04m€0.04m€0.08m€0.07m▼ 8.6%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4------€0.001m--
Other operating charges640/8---€0.002m€0.004m€0.002m€0.02m€0.004m▼ 80.0%
Gross operating margin9900€0.1m€0.1m€0.3m€0.2m€0.3m€0.5m€0.3m€0.4m▲ 34.8%
Operating profit (loss)9901€0.05m€0.06m€0.2m€0.2m€0.2m€0.4m€0.1m€0.3m▲ 82.0%
Financial income75/76B---€0.002m€0.002m€260€0.002m€0.001m▼ 35.2%
Recurring financial income75€0.007m€0.004m€0.007m€0.002m€0.002m€260€0.002m€0.001m▼ 35.2%
Financial charges65/66B---€0.02m€0.005m€0.002m€0.02m€0.03m▲ 21.8%
Recurring financial charges65€0.002m€0.002m€0.001m€0.02m€0.005m€0.002m€0.02m€0.03m▲ 24.0%
Non-recurring financial charges66B------€370--
Profit (loss) for the period before taxes9903€0.06m€0.06m€0.2m€0.2m€0.2m€0.4m€0.1m€0.2m▲ 90.1%
Income taxes67/77€0.02m€0.02m€0.05m€0.04m€0.07m€0.1m€0.03m€0.08m▲ 149%
Profit (loss) for the period9904€0.04m€0.05m€0.2m€0.1m€0.2m€0.3m€0.09m€0.2m▲ 69.8%
Profit (loss) for the period to be appropriated9905€0.04m€0.05m€0.2m€0.1m€0.2m€0.3m€0.09m€0.2m▲ 69.8%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€0.5m€0.5m€0.7m€0.9m€1.0m€1.2m€3.1m€3.2m▲ 5.2%
Fixed assets21/28€0.06m€0.07m€0.08m€0.08m€0.08m€0.07m€0.6m€0.5m▼ 11.7%
Tangible fixed assets22/27€0.05m€0.07m€0.08m€0.08m€0.08m€0.07m€0.6m€0.5m▼ 11.9%
Land and buildings22------€0.3m€0.3m▼ 2.8%
Plant, machinery and equipment23---€0.03m€0.03m€0.04m€0.04m€0.02m▼ 34.8%
Furniture and vehicles24---€0.04m€0.04m€0.02m€0.2m€0.1m▼ 26.0%
Other tangible fixed assets26---€0.009m€0.007m€0.005m€0.05m€0.04m▼ 14.6%
Financial fixed assets28€0.004m€0.004m€0.004m€0.004m€0.007m€0.007m€0.007m€0.007m=
Current assets29/58€0.5m€0.4m€0.6m€0.8m€0.9m€1.1m€2.5m€2.7m▲ 9.3%
Stocks and contracts in progress3€0.08m€0.04m€0.04m€0.05m€0.06m€0.07m€0.1m€0.09m▼ 20.5%
Stocks30/36---€0.05m€0.06m€0.07m€0.1m€0.09m▼ 20.5%
Amounts receivable within one year40/41€0.3m€0.3m€0.5m€0.7m€0.8m€0.9m€2.2m€2.4m▲ 11.6%
Trade receivables40---€0.6m€0.7m€0.6m€1.6m€2.2m▲ 36.4%
Other amounts receivable41---€0.06m€0.1m€0.3m€0.5m€0.2m▼ 63.0%
Cash at bank and in hand54/58€0.06m€0.1m€0.05m€0.1m€0.1m€0.2m€0.2m€0.2m▼ 0.8%
Deferred charges and accrued income490/1---€0.02m€0.02m€0.005m€0.008m€0.01m▲ 33.5%
Equity and liabilities
Total equity and liabilities10/49€0.5m€0.5m€0.7m€0.9m€1.0m€1.2m€3.1m€3.2m▲ 5.2%
Equity10/15€0.1m€0.1m€0.3m€0.4m€0.6m€0.9m€1.0m€1.1m▲ 10.3%
Contributions10/11€0.02m€0.02m-€0.02m€0.02m€0.02m€0.02m€0.02m=
Reserves13€0.002m€0.002m€0.002m€0.002m€0.05m€0.1m€0.1m€0.2m▲ 102%
Non-distributable reserves130/1---€0.002m€0.002m€0.002m€0.002m--
Reserves not available under the articles1311---€0.002m€0.002m€0.002m€0.002m--
Distributable reserves133----€0.05m€0.1m€0.1m€0.2m▲ 106%
Profit (loss) carried forward14€0.1m€0.1m€0.3m€0.4m€0.5m€0.8m€0.9m€0.9m▲ 0.1%
Amounts payable17/49€0.4m€0.3m€0.4m€0.5m€0.4m€0.2m€2.1m€2.1m▲ 2.7%
Amounts payable after more than one year17€0.03m€0.04m€0.04m€0.03m€0.03m€0.02m€0.5m€0.4m▼ 12.0%
Financial debts170/4---€0.03m€0.03m€0.02m€0.5m€0.4m▼ 12.0%
Amounts payable within one year42/48€0.4m€0.3m€0.4m€0.4m€0.4m€0.2m€1.5m€1.7m▲ 15.1%
Current portion of amounts payable after more than one year42---€0.05m€0.03m€0.04m€0.1m€0.09m▼ 15.6%
Financial debts43-------€0.1m-
Credit institutions430/8-------€0.1m-
Trade debts44€0.3m€0.2m€0.3m€0.4m€0.3m€0.09m€1.3m€1.4m▲ 9.0%
Suppliers440/4---€0.4m€0.3m€0.09m€1.3m€1.4m▲ 9.0%
Taxes, remuneration and social security45---€0.009m€0.06m€0.09m€0.07m€0.03m▼ 58.1%
Taxes450/3---€0.006m€0.04m€0.08m€0.07m€0.02m▼ 63.2%
Remuneration and social security454/9---€0.003m€0.01m€0.007m€0.003m€0.004m▲ 65.2%
Other amounts payable47/48----€0.001m-€0.02m€0.06m▲ 191%
Accrued charges and deferred income492/3---€0.05m--€0.1m€0.001m▼ 98.9%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€38,477€46,056€154,886€130,681€170,372€319,082€90,988€154,478▲ 69.8%
+ Depreciation and write-downs630€26,009€27,911€29,970€31,082€43,904€38,946€77,453€70,788▼ 8.6%
Operating cash flow (approximation)€64,486€73,967€184,855€161,763€214,276€358,029€168,440€225,266▲ 33.7%
Investment in fixed assets (approximation)--€44,461-€42,775-€30,963-€43,227-€28,937-€597,120-€1,181▲ 99.8%
Change in cash-€46,129-€55,988€48,961€324€46,637€13,202-€1,317-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 19 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 abbreviated format 14-08-2026 2026-00399162
31-12-2024 full format 30-06-2025 2025-00194115
31-12-2023 full format 26-07-2024 2024-00286845
31-12-2022 full format 22-05-2023 2023-00090768
31-12-2021 full format 25-08-2022 2022-20317570
31-12-2020 full format 30-07-2021 2021-44800425
31-12-2019 full format 31-07-2020 2020-36700198
31-12-2018 full format 23-07-2019 2019-37000450
31-12-2017 full format 31-07-2018 2018-40200296
31-12-2016 full format 28-07-2017 2017-36700033

Show all 19 filings

Similar companies · same sector, comparable size

Of the 15,150 active companies whose main activity is other specialised construction activities (NACE 43990), figures are known for 7,362. 3,039 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
2 directors, last change in 2024
HAQUENNE Dominique Raymond Jules Ghislain
Director (not named in the articles)
Current
HAQUENNE Julien Eric Georges
Director (not named in the articles)
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
3 of this company's 4 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

2 people since 2024, 2 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
HAQUENNE Dominique Raymond Jules Ghislain
  • Manager, until 14-08-2024
  • Director (not named in the articles), since before 14-08-2024
HAQUENNE Julien Eric Georges
  • Manager, until 14-08-2024
  • Director (not named in the articles), since before 14-08-2024
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Shareholders according to the deeds
Stated in the act act of 14-08-2024 ↗

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 14-08-2024 Capital stated in the deed · 100 shares

Group and network

Connections & network

2 current directors
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

SQUARE 2 was incorporated on 7 December 2006.1 Turnover grew from €3.5m in 2018 to €10.6m in 2024 and headcount from 0.5 full-time equivalents in 2018 to 1.5 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018, 2024 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
14-08
NBB filing Annual accounts filed
financial year 2025 · abbreviated format · 14 days late
2025
30-06
NBB filing Annual accounts filed
financial year 2024 · full format
2024
31-12
Financial Equity above €1mequity €1.0m ▲9.9%
A profit in every financial year since 2018 builds equity to €1.0m.
14-08
Gazette deed Amendment of the articles · Legal-form change · Resignations & appointments
Resignations: HAQUENNE Dominique Raymond Jules Ghislain (manager) and HAQUENNE Julien Eric Georges (manager) · Reappointments: HAQUENNE Dominique Raymond Jules Ghislain (director) and HAQUENNE Julien Eric Georges (director) · Incorporation24 facts ▸
  • General meeting, 31-07-2024
  • Incorporation, 07-12-2006
  • Other provision, “président,secrétaire et scrutateur, bureau” (deed in French)
  • Shareholding, 55
  • Shareholding, 40
  • Shareholding, 5
  • Other provision, “composition et représentation assemblée, registre des actions nominatives” (deed in French)
  • Other provision, “adapter statuts au Code des sociétés et des associations, supprimer compte capitaux propres statutairement indisponible et mettre à disposition pour distributio…” (deed in French)
  • Other provision, “convocations et quorum, non présents,ont dispensé convocation,copies dispenses annexées” (deed in French)
  • Other provision, “validité assemblée, valablement composée,apte à délibérer,unanimité” (deed in French)
  • Other provision, “adaptation statuts CSA, article 39,§1,alinéa 1 et 3 loi 23-03-2019” (deed in French)
  • Capital conversion, “suppression compte statutairement indisponible,rendu disponible pour distribution, formes et majorités modification statuts” (deed in French)
  • +12 further facts in this act
26-07
NBB filing Annual accounts filed
financial year 2023 · full format
2023
31-12
Financial Highest result from 2018 to 2025net €319,082 ▲87.3%
Operating result €436,279, net result €319,082, both a record.
31-12
Financial Liquidity doublescurrent ratio 4.85
Current ratio from 2.37 to 4.85; short-term debt falls from €397,888 to €224,263.
22-05
NBB filing Annual accounts filed
financial year 2022 · full format
2022
31-12
Financial Equity above €500,000equity €599,676 ▲39.7%
A profit in every financial year since 2018 builds equity to €599,676.
25-08
NBB filing Annual accounts filed
financial year 2021 · full format · 25 days late
2021
30-07
NBB filing Annual accounts filed
financial year 2020 · full format
2020
31-12
Financial Equity above €200,000equity €298,623 ▲108%
A profit in every financial year since 2018 builds equity to €298,623.
Show earlier events
31-07
NBB filing Annual accounts filed
financial year 2019 · full format
2019
23-07
NBB filing Annual accounts filed
financial year 2018 · full format
2018
31-07
NBB filing Annual accounts filed
financial year 2017 · full format
2017
28-07
NBB filing Annual accounts filed
financial year 2016 · full format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 19 annual accounts filed, the latest 10 are here; all 19 are under Financials.
1 of 4 deeds read
About the unread acts

Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPrivate limited company
Founded07-12-2006
Financial year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
71112Activities of interior architects
43320Joinery installation
43331Floor and wall tiling
43350Other building finishing work
43410Roofing work
47120Other non-specialised retail sale
E-invoicing
Reachable via Peppol
Peppol ID 0208:0885626727
Registered 17-11-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 22 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0885.626.727

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Waterloo · 2 establishment units since 2006
registered office establishment All 2 establishment units on the map
Ground area
7,927 m²
Building footprint
995 m²
Building volume
8,927 m³
2 parcels, Flanders, Wallonia · tallest building 16.9 m. Linked by address, not a title deed.
2 companies at this address See who is registered here
2 establishment units
SQUARE 2
Avenue des Petits Champs 34, 1410 WaterlooJoinery installation
since 2006unit no. 2.159.544.553
SQUARE 2
Waterloose Steenweg 198, 1640 Sint-Genesius-RodeActivities of interior architects
since 2021unit no. 2.315.622.701
2 parcels
Flanders 1 (50%) Wallonia 1 (50%)
Cadastral parcel Region Area Buildings Height / floors
22552E0048/00Z025 Flanders 7,308 m² 1 · 838 m² 16.9 m · 4
25763I0660/00B000 Wallonia 619 m² 1 · 157 m² -
How the parcels are linked
Good to know
Both parcels match the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“À l’achat,la vente,la représentation,le commerce,l’importation et l’exportation de tous produits de consommation; Aux activités de…” (deed in French)
9 activities (deed in French)
  1. À l’achat,la vente,la représentation,le commerce,l’importation et l’exportation de tous produits de consommation
  2. Aux activités de commissionnaire,agent commercial,intermédiaire commercial
  3. À l’organisation de séminaires
  4. À l’achat,la vente,la location,la gestion,la régie de tous biens meubles et immeubles,soit pour son compte propre soit pour le compte de tiers soit en association,toutes opérations de promotion immobilière et de construction,l'aménagement et la transformation de tous immeubles,l'activité d'un bureau d'études et d'expertise au sens le plus large,étant entendu que les activités nécessitant un accès à la profession dont la société ne serait pas titulaire seront effectuées par des tiers en règle à ce sujet.Elle peut donner ou se faire donner toutes garanties en hypothèque,gage ou autrement,acheter,vendre,échanger,prendre ou donner à bail tous meubles ou immeubles
  5. À toutes activités d’études et de conseils en matière commerciale
  6. À toutes activités de services en matière de conseils et de management,travaux de secrétariat,service de téléphonie,mise à disposition de personnel,de locaux et/ou de bureaux
  7. À l’organisation d’évènements,dans le sens le plus large du terme,notamment l’organisation de voyages,de séminaires,de banquets,privés ou professionnels,individuels,groupes,privés ou de sociétés
  8. À la production,la préparation,la vente sous toutes ses formes,au détail ou en gros,d’aliments et de boissons en tous genres
  9. À l’étude et la réalisation de tous travaux de construction,de rénovation,de transformation et démolition,publics et privés,en ce compris tous travaux relatifs avec la profession de chauffagiste,en qualité d’entrepreneur général des bâtiments ou en sous-traitance

The full purpose is in the deed

Name clauseThe name the company operates under according to its articles.
SQUARE 2
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Région Wallonne, sièges administratifs,agences,ateliers,dépôts,succursales Belgique et étranger par décision organe administration” (deed in French)

deed of 14-08-2024

Who represents it, and how

Board ruleHow the board is made up, meets and takes decisions.
“Avec ou sans limitation, personnes physiques ou morales, actionnaires ou non” (deed in French)
“Fixe ou proportionnelle, frais généraux” (deed in French)

deed of 14-08-2024

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
“Nominatives, registre des actions nominatives” (deed in French)
Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
“15, organe d’administration” (deed in French)
Share issue ruleHow and by whom new shares can be issued.
“Organe qui procède à l’émission, gérance” (deed in French)

deed of 14-08-2024

Oversight and winding up

Dissolution ruleWhen and by whom the company can be dissolved.
“En tout temps par décision assemblée générale délibérant dans formes prévues pour modifications aux statuts” (deed in French)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Pour quelque cause et à quelque moment que ce soit, faculté assemblée de désigner un ou plusieurs liquidateurs et déterminer pouvoirs et…” (deed in French)

deed of 14-08-2024

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Besoins de la société, Appels de fonds” (deed in French)
Other provision: “Administrateur-délégué, Gestion journalière” (deed in French)
Other provision: “Contrôle de la société, un ou plusieurs commissaires” (deed in French)
Other provision: “Séances – procès-verbaux, registre tenu au siège pour décisions assemblée ou actionnaire unique” (deed in French)
Other provision: “Délibérations, majorité des voix, quel que soit nombre de titres représentés, sauf cas prévus par loi ou statuts” (deed in French)
Other provision: “Répartition – réserves, chaque action confère droit égal” (deed in French)
Liquidation distribution: “Actif net entre tous actionnaires en proportion de leurs actions, biens conservés remis pour partage même proportion” (deed in French)
Other provision: “Siège où communications, sommations, assignations, significations valablement faites, élection de domicile” (deed in French)
Other provision: “Compétence judiciaire, entre société, actionnaires, administrateurs, commissaires et liquidateurs relatifs aux affaires et exécution statuts” (deed in French)
Other provision: “Droit commun, clauses contraires aux dispositions impératives censées non écrites” (deed in French)
2 more provisions in the deed, see the deed of 14-08-2024

deed of 14-08-2024