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Square Immo

Active
Private limited companyfounded 20251 yr activeAvenue des Petits Champs 23, 1410 Waterloo, BelgiumKBO/BCE: BE 1021.807.403
Summary

The computed 12-month bankruptcy probability of Square Immo is 2.6% (moderate). The 2025 annual accounts show negative equity (-€4,615) and a net result of -€9,615. The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

What they do
Activity not known1 site
How big
€1.6mtotal assets 2025
Equity
-€4,615
Loss
-€9,615
Turnover not published (abridged schema)
Financially healthy?
38 Weak Checked score 2025
Bankruptcy chance 12 m
2.6%
Who decides
Accounts filed 28 d late0 of 1 deed read
Why 38- No NACE activity registered- Young company- Annual accounts: weaker financial profile- Higher-failure-rate region- Negative equityFiled after the deadlineShow the evidence

Checked score

Score 2025
Axes
Profitability37
Solvency25
Growth-
Track record67
Bankruptcy probability, 12 months
2.6% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.04; short-term debt: 41.5% and cash: 1% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-0.3%
Return on assets
-0.6%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filing
Deviation from the deadline
2025
28 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…

Financials

Fiscal year 2025Total assets €1.6mLoss -€9,615Solvency -0.3%Liquidity 0.04
Total assets
€1.6m
2025
Net result
-€9,615
2025
Equity
-€4,615
2025
Solvency
-0.3%
2025

Financials · fiscal year 2025, micro schema

Trend over the years1 fiscal year

Turnover and EBIT margin not published: the micro schema does not require them.

Result and balance sheet2025
Balance-sheet composition
Assets €1.6m
Fixed assets €1.6m
Current assets €23,719
Equity and liabilities
Equity-€4,615
Debt€1.6m
Equity is negative: debt (€1.6m) exceeds the balance-sheet total (€1.6m).
Key figures and ratios2025
Key figures and ratios
2025 value
EBITDA
€51,922
Cash flow
€29,525
Solvency
-0.3%
Current ratio
0.04
ROA
-0.6%
Interest coverage
2.32
Debt
€1.6m
Debt ≤ 1 year
€661,521
Debt > 1 year
€937,107
A ratio outside any meaningful range has been withheld (balance sheet total €1.6m, equity -€4,615).

Peer companies

Historical observation

Of the 152 companies that looked in July 2024 the way this one looks now, 0% went bankrupt within 24 months and 99% are still going.

  • Small
  • under 2 years old
  • negative equity
  • a small loss
0% went bankrupt
0.7% stopped otherwise
99% still going

For this company itself Checked computes a higher bankruptcy probability: 2.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 152 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Filed annual accountsfiscal year 2025
Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 29 lines
Balance sheet Code2025
Assets
Total assets20/58€1.6m
Fixed assets21/28€1.6m
Tangible fixed assets22/27€1.6m
Land and buildings22€1.6m
Current assets29/58€0.02m
Cash at bank and in hand54/58€0.02m
Deferred charges and accrued income490/1€0.007m
Equity and liabilities
Total equity and liabilities10/49€1.6m
Equity10/15-€0.005m
Contributions10/11€0.005m
Profit (loss) carried forward14-€0.01m
Amounts payable17/49€1.6m
Amounts payable after more than one year17€0.9m
Financial debts170/4€0.9m
Amounts payable within one year42/48€0.7m
Current portion of amounts payable after more than one year42€0.04m
Trade debts44€0.002m
Suppliers440/4€0.002m
Other amounts payable47/48€0.6m
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.04m
Other operating charges640/8€0.004m
Gross operating margin9900€0.06m
Operating profit (loss)9901€0.01m
Financial charges65/66B€0.02m
Recurring financial charges65€0.02m
Profit (loss) for the period before taxes9903-€0.01m
Profit (loss) for the period9904-€0.01m
Profit (loss) for the period to be appropriated9905-€0.01m
Appropriation of the result
Profit (loss) to be appropriated9906-€0.01m

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39,140
Other operating charges640/8€3,767
Gross operating margin9900€55,689
Operating profit (loss)9901€12,782
Financial charges65/66B€22,397
Recurring financial charges65€22,397
Profit (loss) for the period before taxes9903-€9,615
Profit (loss) for the period9904-€9,615
Profit (loss) for the period to be appropriated9905-€9,615
Line2025
Assets
Total assets20/58€1.6m
Fixed assets21/28€1.6m
Tangible fixed assets22/27€1.6m
Land and buildings22€1.6m
Current assets29/58€0.02m
Cash at bank and in hand54/58€0.02m
Deferred charges and accrued income490/1€0.007m
Equity and liabilities
Total equity and liabilities10/49€1.6m
Equity10/15-€0.005m
Contributions10/11€0.005m
Profit (loss) carried forward14-€0.01m
Amounts payable17/49€1.6m
Amounts payable after more than one year17€0.9m
Financial debts170/4€0.9m
Amounts payable within one year42/48€0.7m
Current portion of amounts payable after more than one year42€0.04m
Trade debts44€0.002m
Suppliers440/4€0.002m
Other amounts payable47/48€0.6m
Line2025
Profit (loss) for the period9904-€9,615
+ Depreciation and write-downs630€39,140
Operating cash flow (approximation)€29,525

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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Timeline

1 eventLatest 28-08-2026

History

On 2 April 2025, Square Immo was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

Acts, filings and financial milestones

2026
28-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Company details

Private limited company · founded 02-04-2025Year ends 31-12Peppol reachable1 site

Register details

Identification
Legal formPrivate limited company
Founded02-04-2025
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:1021807403
Registered 30-12-2025

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

Register as of 1 October 2026 · Peppol Directory

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

Sites & property

Location & real-estate footprint
Registered office, Waterloo · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
4,282 m²
Building footprint
782 m²
Volume, LiDAR
4,262 m³
2 parcels, Wallonia · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
Square Immo
Chaussée de Tubize 479, 1420 Braine-l'AlleudRenting and operating of own or leased residential real estate, excluding social housing
since 2025unit no. 2.375.157.539
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25743G0160/00D000 Wallonia 3,041 m² 1 · 612 m² 6.1 m · 2 fl.
25763K0125/00C000 Wallonia 1,241 m² 1 · 170 m² 8.2 m · 2 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.

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