Square City
ActiveSquare City has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.06M and a net result of €9k. Equity is growing by ~32.8% per year across the filed fiscal years. Its solvency ranks better than 81% of 311 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
83
/ 100
Excellent▼ -17 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability4▼-96
Solvency99▲+1
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity ample (current ratio 4.22 against 3.54 in 2024), and 38.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
61.5%
Return on assets
0.5%
Age of the figures
11 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Sector 78
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-03-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
30 d early
2023
14 d early
2022
12 d early
2021
30 d early
2020
30 d early
2019
6 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.06M▼ 9.6%
2024 · €1.17M
2018: €202k
2019: €323k
2020: €367k
2021: €566k
2022: €957k
2023: €1.02M
2024: €1.17M
2018 → 2025
Total assets
€1.72M▼ 12.8%
2024 · €1.97M
2018: €526k
2019: €532k
2020: €645k
2021: €1.51M
2022: €1.82M
2023: €1.83M
2024: €1.97M
2018 → 2025
Net result
€9k▼ 96.6%
2024 · €261k
2018: €111k
2019: €121k
2020: €44k
2021: €233k
2022: €427k
2023: €62k
2024: €261k
2018 → 2025
Working capital
€582k▼ 14.7%
2024 · €682k
2018: €155k
2019: €276k
2020: €323k
2021: €313k
2022: €578k
2023: €597k
2024: €682k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€566k-€957k▲ 68.9%€1.02M▲ 6.5%€1.17M▲ 14.8%€1.06M▼ 9.6%
Operating result€346k-€635k▲ 83.5%€128k▼ 79.8%€412k▲ 222%€55k▼ 86.5%
Net result€233k-€427k▲ 83.0%€62k▼ 85.4%€261k▲ 319%€9k▼ 96.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 87% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.72M
Fixed assets
€957k▼ 6.3%
Current assets
€763k▼ 19.7%
Equity and liabilities €1.72M
Equity
€1.06M▼ 9.6%
Debt
€663k▼ 17.3%
The debt ratio falls from 40.7% to 38.5%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€124k▼
2024 · €482k
Cash flow
€77k▼
2024 · €331k
Solvency
61.5%▲
2024 · 59.3%
Current ratio
4.22▲
2024 · 3.54
Quick ratio
4.22▲
2024 · 3.54
Debt / equity
0.63▼
2024 · 0.69
ROE
0.8%▼
2024 · 22.3%
ROA
0.5%▼
2024 · 13.2%
Interest coverage
7.54▼
2024 · 25.92
Debt
€663k▼
2024 · €802k
Debt ≤ 1 year
€181k▼
2024 · €268k
Debt > 1 year
€482k▼
2024 · €534k
Income taxes
€33k▼
2024 · €147k
Staff costs
€807k▼
2024 · €823k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.97M€1.72M▼
Fixed assets21/28€1.02M€957k▼
Tangible fixed assets22/27€1.02M€957k▼
Land and buildings22€939k€896k▼
Plant, machinery and equipment23€3k€566▼
Furniture and vehicles24€79k€61k▼
Current assets29/58€950k€763k▼
Amounts receivable after more than one year29€108k€0▼
Trade receivables290€108k€0▼
Amounts receivable within one year40/41€209k€184k▼
Trade receivables40€191k€137k▼
Other amounts receivable41€18k€48k▲
Cash at bank and in hand54/58€631k€574k▼
Deferred charges and accrued income490/1€3k€5k▲
Equity and liabilities
Total equity and liabilities10/49€1.97M€1.72M▼
Equity10/15€1.17M€1.06M▼
Contributions10/11€19k€19k=
Reserves13€1.15M€1.04M▼
Distributable reserves133€1.15M€1.04M▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€802k€663k▼
Amounts payable after more than one year17€534k€482k▼
Financial debts170/4€534k€482k▼
Amounts payable within one year42/48€268k€181k▼
Current portion of amounts payable after more than one year42€51k€52k▲
Trade debts44€127k€50k▼
Suppliers440/4€127k€50k▼
Taxes, remuneration and social security45€90k€78k▼
Taxes450/3€4k€7k▲
Remuneration and social security454/9€86k€71k▼
Other amounts payable47/48€729€597▼
Income statement
Code20242025
Non-recurring operating income76A€0€1k▲
Remuneration, social security and pensions62€823k€807k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€70k€68k▼
Other operating charges640/8€7k€7k▲
Gross operating margin9900€1.31M€938k▼
Operating profit (loss)9901€412k€55k▼
Financial income75/76B€15k€3k▼
Recurring financial income75€15k€3k▼
Financial charges65/66B€19k€16k▼
Recurring financial charges65€19k€16k▼
Profit (loss) for the period before taxes9903€408k€42k▼
Income taxes67/77€147k€33k▼
Profit (loss) for the period9904€261k€9k▼
Profit (loss) for the period to be appropriated9905€261k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€261k€9k▼
Transfer from equity791/2€111k€121k▲
Transfer to equity691/2€261k€9k▼
To other reserves6921€261k€9k▼
Profit to be distributed694/7€111k€121k▲
Return on contributions (dividend)694€111k€121k▲
Social balance
Average headcount (FTE)908713.012.9▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Weakest financial yearnet €9k ▼96.6%
Net result drops to €9k, the lowest in the series.
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
16-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Equity above €1MEq €1.02M ▲6.5%
6 profitable years in a row build equity to €1.02M.
18-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Highest result since 2018net €427k ▲83%
Operating result €635k, net result €427k, both a record.
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Equity above €500kEq €566k ▲54.3%
4 profitable years in a row build equity to €566k.
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Liquidity triplescurrent ratio 5.95
Current ratio from 1.97 to 5.95; short-term debt falls from €160k to €56k.
16-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2019
BV KUNI
CurrentDirector · since 25-09-2019 · Legal entity · perm. rep.: Laurent Pays
25-09-2019
BV KUNI: Appointed as Director
25-09-2019
Laurent Pays: Resigned as Director
Location & real-estate footprint
Registered office, Antwerpen · 2 establishment units since 1990
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Scheldestraat 262000 AntwerpenGround area
628 m²
Building footprint
304 m²
Volume, LiDAR
3,151 m³
2 parcels, Flanders · tallest building 18.6 m, ±6 floors. Linked by address, not a title deed.
2 establishment units
Square City
since 19902.048.822.815
Scheldestraat 60, 2000 Antwerpen
since 20222.328.435.411
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3981/00C000 | Flanders | 397 m² | 1 · 93 m² | 18.2 m · 6 fl. |
| 11811L3634/00H002 | Flanders | 231 m² | 1 · 211 m² | 18.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 4 entries · 10,869 EUR awarded · 10,794 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 7,824 EUR | 7,749 EUR |
| 2024 | 1 | 2,490 EUR | 2,490 EUR |
| 2023 | 1 | 555 EUR | 555 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
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Of 2,347 companies in sector 78100 we hold annual accounts for 1,355. 651 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-05-1990
Fiscal year end30-09
Activities, NACEBEL
78100Employment placement agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.squarecity.be
E-mail:admin@squarecity.be