SQUARE 2
ActiveSummary
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
- Staff
- 1.5 FTE
- Equity
- €1.1m
- Profit
- €154,478
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
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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
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)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · full…
- 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.
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.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
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).
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| 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% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| 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% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| 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.
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 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| HAQUENNE Dominique Raymond Jules Ghislain |
|
| HAQUENNE Julien Eric Georges |
|
Owners and capital
Capital and shareholders
- HAQUENNE Dominique Raymond Jules Ghislain 55 shares
- HAQUENNE Julien Eric Georges 40 shares
- DE CLERCQ Antoine Claude Pierre 5 shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 14-08-2024 Capital stated in the deed · 100 shares
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
14-08
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointmentsResignations: 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
Show earlier events
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.
Register details
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
2 establishment units
2 parcels
| 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
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)
- À l’achat,la vente,la représentation,le commerce,l’importation et l’exportation de tous produits de consommation
- Aux activités de commissionnaire,agent commercial,intermédiaire commercial
- À l’organisation de séminaires
- 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
- À toutes activités d’études et de conseils en matière commerciale
- 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
- 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
- À la production,la préparation,la vente sous toutes ses formes,au détail ou en gros,d’aliments et de boissons en tous genres
- 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
- 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)
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)
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)
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)