Square Consult
ActiveSummary
Square Consult has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11k and a net result of €1k. Equity is shrinking by ~15.1% per year across the filed fiscal years. Its solvency ranks better than 49% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+50
Solvency80▲+28
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 2.17 against 1.34 in 2024; short-term debt: 44.9% and cash: 57.7% of total assets), and 44.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year €11k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-06-2026, 56 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
56 d early
2024
25 d late
2023
21 d early
2022
30 d late
2021
29 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€11k▲ 11.3%
2024 · €9k
2021: €17k
2022: €44k▲ +156% vs 2021highest in 5 years
2023: €7k▼ -83.4% vs 2022lowest in 5 years
2024: €9k▲ +28.5% vs 2023
2025: €11k▲ +11.3% vs 2024
2021 → 2025
Total assets
€19k▼ 45.8%
2024 · €35k
2021: €43k
2022: €85k▲ +99.2% vs 2021highest in 5 years
2023: €37k▼ -56.1% vs 2022
2024: €35k▼ -5.7% vs 2023
2025: €19k▼ -45.8% vs 2024lowest in 5 years
2021 → 2025
Net result
€1k▼ 48.9%
2024 · €2k
2021: €12k
2022: €27k▲ +119% vs 2021highest in 5 years
2023: €-37k▼ -237% vs 2022lowest in 5 years
2024: €2k▲ +106% vs 2023
2025: €1k▼ -48.9% vs 2024
2021 → 2025
Working capital
€10k▲ 14.5%
2024 · €9k
2021: €5klowest in 5 years
2022: €39k▲ +725% vs 2021highest in 5 years
2023: €6k▼ -83.6% vs 2022
2024: €9k▲ +38.0% vs 2023
2025: €10k▲ +14.5% vs 2024
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€17k-€44k▲ 156%€7k▼ 83.4%€9k▲ 28.5%€11k▲ 11.3%
2021: €17k
2022: €44k▲ +156% vs 2021highest in 5 years
2023: €7k▼ -83.4% vs 2022lowest in 5 years
2024: €9k▲ +28.5% vs 2023
2025: €11k▲ +11.3% vs 2024
Operating result€21k-€46k▲ 121%€-37k€-1k▲ 97.1%€1k
2021: €21k
2022: €46k▲ +121% vs 2021highest in 5 years
2023: €-37k▼ -180% vs 2022lowest in 5 years
2024: €-1k▲ +97.1% vs 2023
2025: €1k▲ +240% vs 2024
Net result€12k-€27k▲ 119%€-37k€2k€1k▼ 48.9%
2021: €12k
2022: €27k▲ +119% vs 2021highest in 5 years
2023: €-37k▼ -237% vs 2022lowest in 5 years
2024: €2k▲ +106% vs 2023
2025: €1k▼ -48.9% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €1k after a loss of €1k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19k
Fixed assets
€479 ▼ 29.7%
Current assets
€19k ▼ 46.1%
Equity and liabilities €19k
Equity
€11k ▲ 11.3%
Debt
€9k ▼ 66.7%
Debt's share of the balance-sheet total falls from 73.2% to 44.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2k▲
2024 · €-741
Cash flow
€1k▼
2024 · €2k
Current ratio
2.17▲
2024 · 1.34
Debt to equity
0.82▼
2024 · 2.73
ROE
10.2%▼
2024 · 22.2%
ROA
5.6%▼
2024 · 6.0%
Interest coverage
11.02▲
2024 · -1.63
Debt ≤ 1 year
€9k▼
2024 · €26k
Income taxes
€256▲
2024 · €-4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€35k€19k▼
Fixed assets21/28€681€479▼
Tangible fixed assets22/27€681€479▼
Furniture and vehicles24€681€479▼
Current assets29/58€35k€19k▼
Amounts receivable within one year40/41€23k€8k▼
Trade receivables40€23k€8k▼
Cash at bank and in hand54/58€9k€11k▲
Deferred charges and accrued income490/1€3k€0▼
Equity and liabilities
Total equity and liabilities10/49€35k€19k▼
Equity10/15€9k€11k▲
Contributions10/11€5k€5k=
Reserves13€39k€39k=
Distributable reserves133€39k€39k=
Profit (loss) carried forward14€-34k€-33k▲
Amounts payable17/49€26k€9k▼
Amounts payable within one year42/48€26k€9k▼
Current portion of amounts payable after more than one year42€0-
Trade debts44€2k€0▼
Suppliers440/4€2k€0▼
Taxes, remuneration and social security45€8k€4k▼
Taxes450/3€8k€4k▼
Other amounts payable47/48€16k€5k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€320€203▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€1k€4k▲
Operating profit (loss)9901€-1k€1k▲
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€455€153▼
Recurring financial charges65€455€153▼
Profit (loss) for the period before taxes9903€-2k€1k▲
Income taxes67/77€-4k€256▲
Profit (loss) for the period9904€2k€1k▼
Profit (loss) for the period to be appropriated9905€2k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-34k€-33k▲
Profit (loss) brought forward from the previous period14P€-37k€-34k▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €7k | €6k | €320 | €203 | ▼ 36.6% |
| Other operating charges640/8 | €2k | €1k | €946 | €2k | €2k | ▲ 3.2% |
| Gross operating margin9900 | €32k | €54k | €-30k | €1k | €4k | ▲ 200% |
| Operating profit (loss)9901 | €21k | €46k | €-37k | €-1k | €1k | ▲ 240% |
| Financial income75/76B | - | €0 | €0 | €0 | €0 | ▲ 600% |
| Recurring financial income75 | - | €0 | €0 | €0 | €0 | ▲ 600% |
| Financial charges65/66B | €862 | €240 | €226 | €455 | €153 | ▼ 66.3% |
| Recurring financial charges65 | €862 | €240 | €226 | €455 | €153 | ▼ 66.3% |
| Profit (loss) for the period before taxes9903 | €20k | €46k | €-37k | €-2k | €1k | ▲ 188% |
| Income taxes67/77 | €8k | €19k | €-45 | €-4k | €256 | ▲ 107% |
| Profit (loss) for the period9904 | €12k | €27k | €-37k | €2k | €1k | ▼ 48.9% |
| Profit (loss) for the period to be appropriated9905 | €12k | €27k | €-37k | €2k | €1k | ▼ 48.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €43k | €85k | €37k | €35k | €19k | ▼ 45.8% |
| Fixed assets21/28 | €13k | €6k | €1k | €681 | €479 | ▼ 29.7% |
| Tangible fixed assets22/27 | €13k | €6k | €1k | €681 | €479 | ▼ 29.7% |
| Furniture and vehicles24 | €13k | €6k | €1k | €681 | €479 | ▼ 29.7% |
| Current assets29/58 | €30k | €80k | €36k | €35k | €19k | ▼ 46.1% |
| Amounts receivable within one year40/41 | - | - | - | €23k | €8k | ▼ 67.1% |
| Trade receivables40 | - | - | - | €23k | €8k | ▼ 67.1% |
| Cash at bank and in hand54/58 | €30k | €80k | €36k | €9k | €11k | ▲ 22.9% |
| Deferred charges and accrued income490/1 | - | - | - | €3k | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €43k | €85k | €37k | €35k | €19k | ▼ 45.8% |
| Equity10/15 | €17k | €44k | €7k | €9k | €11k | ▲ 11.3% |
| Contributions10/11 | €5k | €5k | €5k | €5k | €5k | = |
| Reserves13 | €12k | €39k | €39k | €39k | €39k | = |
| Distributable reserves133 | €12k | €39k | €39k | €39k | €39k | = |
| Profit (loss) carried forward14 | €372 | €537 | €-37k | €-34k | €-33k | ▲ 3.1% |
| Amounts payable17/49 | €25k | €41k | €30k | €26k | €9k | ▼ 66.7% |
| Amounts payable within one year42/48 | €25k | €41k | €30k | €26k | €9k | ▼ 66.7% |
| Current portion of amounts payable after more than one year42 | €13k | €8k | €3k | €0 | - | - |
| Trade debts44 | €1k | €484 | €488 | €2k | €0 | ▼ 100% |
| Suppliers440/4 | €1k | €484 | €488 | €2k | €0 | ▼ 100% |
| Advances received on contracts in progress46 | €9 | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | €11k | €28k | €24k | €8k | €4k | ▼ 51.6% |
| Taxes450/3 | €11k | €28k | €24k | €8k | €4k | ▼ 51.6% |
| Other amounts payable47/48 | €214 | €4k | €2k | €16k | €5k | ▼ 71.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12k | €27k | €-37k | €2k | €1k | ▼ 48.9% |
| + Depreciation and write-downs630 | €10k | €7k | €6k | €320 | €203 | ▼ 36.6% |
| Operating cash flow (approximation) | €22k | €34k | €-31k | €2k | €1k | ▼ 47.3% |
| Investment in fixed assets (approximation) | - | €0 | €-962 | €0 | €0 | - |
| Change in cash | - | €49k | €-43k | €-27k | €2k | ▲ 108% |
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
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-37k
Net result drops to €-37k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Highest result since 2021net €27k ▲119%
Operating result €46k, net result €27k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Zele · 1 establishment unit since 2020
Ground area
1,286 m²
Building footprint
800 m²
Volume, LiDAR
10,565 m³
2 parcels, Brussels, Flanders · tallest building 27.1 m, ±6 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Square Consult
since 20202.299.466.261
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42402F0078/00G000 | Flanders | 755 m² | 1 · 334 m² | 11.5 m · 2 fl. |
| 21305B0204/00S035 | Brussels | 531 m² | 1 · 465 m² | 27.1 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
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
2022 to 2025 · 3 entries · 180 EUR awarded · 180 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 61 EUR | 61 EUR |
| 2023 | 1 | 0 EUR | 119 EUR |
| 2022 | 1 | 119 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 23,508 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
Founded20-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
78100Employment placement agencies
82100Office administrative and support services
82300Organisation of conventions and trade shows
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.