SQUARE M
ActiveSummary
SQUARE M has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €600k and a net result of €534k. Equity is shrinking by ~18% per year across the filed fiscal years. Its solvency ranks better than 31% of 4178 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability91▲+2
Solvency45▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity short (current ratio 0.87 against 0.86 in 2024; short-term debt: 70.2% and cash: 15% of total assets), and 80% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
20%
Return on assets
17.8%
Age of the figures
9 mo
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
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
17 d early
2023
43 d early
2022
35 d early
2021
40 d early
2020
18 d early
2019
37 d early
← 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, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€534k▲ 6.5%
2024 · €501k
2018: €562k
2019: €723k
2020: €1.03M
2021: €829k
2022: €802k
2023: €1.08M
2024: €501k
2018 → 2025
Working capital
€-271k▲ 13.1%
2024 · €-312k
2018: €944k
2019: €929k
2020: €117k
2021: €-346k
2022: €-452k
2023: €-386k
2024: €-312k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€439k-€430k▼ 2.2%€550k▲ 27.9%€573k▲ 4.3%€600k▲ 4.6%
Operating result€1.12M-€1.10M▼ 2.6%€1.49M▲ 35.6%€697k▼ 53.1%€749k▲ 7.5%
Net result€829k-€802k▼ 3.2%€1.08M▲ 34.4%€501k▼ 53.5%€534k▲ 6.5%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 8% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.00M
Fixed assets
€1.16M ▼ 4.1%
Current assets
€1.84M ▼ 0.8%
Equity and liabilities €3.00M
Equity
€600k ▲ 4.6%
Debt
€2.40M ▼ 3.7%
Debt's share of the balance-sheet total falls from 81.3% to 80.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€893k▲
2024 · €844k
Cash flow
€678k▲
2024 · €649k
Current ratio
0.87▲
2024 · 0.86
Quick ratio
0.56▲
2024 · 0.55
Debt to equity
4.00▼
2024 · 4.35
ROE
89.0%▲
2024 · 87.4%
ROA
17.8%▲
2024 · 16.3%
Interest coverage
20.42▲
2024 · 14.81
Debt ≤ 1 year
€2.11M▼
2024 · €2.16M
Debt > 1 year
€294k▼
2024 · €326k
Income taxes
€196k▲
2024 · €169k
Staff costs
€1.11M▲
2024 · €905k
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 · 60 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.07M€3.00M▼
Fixed assets21/28€1.21M€1.16M▼
Tangible fixed assets22/27€1.21M€1.16M▼
Land and buildings22€876k€832k▼
Plant, machinery and equipment23€258k€269k▲
Furniture and vehicles24€4k-
Other tangible fixed assets26€76k€62k▼
Financial fixed assets28€640€640=
Current assets29/58€1.85M€1.84M▼
Stocks and contracts in progress3€656k€658k▲
Stocks30/36€656k€658k▲
Amounts receivable within one year40/41€909k€727k▼
Trade receivables40€111k€122k▲
Other amounts receivable41€798k€605k▼
Cash at bank and in hand54/58€285k€450k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€3.07M€3.00M▼
Equity10/15€573k€600k▲
Contributions10/11€368k€368k=
Capital10€368k€368k=
Issued capital100€368k€368k=
Reserves13€62k€62k=
Non-distributable reserves130/1€37k€37k=
Legal reserve130€37k€37k=
Distributable reserves133€25k€25k=
Profit (loss) carried forward14€79k€113k▲
Investment grants15€64k€57k▼
Amounts payable17/49€2.49M€2.40M▼
Amounts payable after more than one year17€326k€294k▼
Financial debts170/4€326k€294k▼
Amounts payable within one year42/48€2.16M€2.11M▼
Current portion of amounts payable after more than one year42€32k€33k▲
Financial debts43€177k-
Credit institutions430/8€177k-
Trade debts44€1.30M€1.36M▲
Suppliers440/4€1.30M€1.36M▲
Taxes, remuneration and social security45€140k€201k▲
Taxes450/3€24k€65k▲
Remuneration and social security454/9€116k€136k▲
Other amounts payable47/48€510k€510k=
Accrued charges and deferred income492/3€3k-
Income statement
Code20242025
Remuneration, social security and pensions62€905k€1.11M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€148k€144k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€51k-
Other operating charges640/8€6k€6k▲
Gross operating margin9900€1.81M€2.01M▲
Operating profit (loss)9901€697k€749k▲
Financial income75/76B€31k€25k▼
Recurring financial income75€31k€25k▼
Financial charges65/66B€57k€44k▼
Recurring financial charges65€57k€44k▼
Profit (loss) for the period before taxes9903€671k€730k▲
Income taxes67/77€169k€196k▲
Profit (loss) for the period9904€501k€534k▲
Profit (loss) for the period to be appropriated9905€501k€534k▲
Appropriation of the result
Profit (loss) to be appropriated9906€579k€613k▲
Profit (loss) brought forward from the previous period14P€78k€79k▲
Profit to be distributed694/7€500k€500k=
Return on contributions (dividend)694€500k€500k=
Social balance
Average headcount (FTE)908723.325.9▲
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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €501k ▼53.5%
Net result drops to €501k, the lowest in the series; recovery starts the following year.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €1.08M ▲34.4%
Operating result €1.49M, net result €1.08M, both a record.
31-12
Financial
Equity above €500kEq €550k ▲27.9%
6 profitable years in a row build equity to €550k.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-07
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.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Ukkel · 1 establishment unit since 2007
Ground area
3,244 m²
Building footprint
1,632 m²
Volume, LiDAR
10,312 m³
Parcel 21614E0037/00Y003, Brussels · tallest building 16.8 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Square M NV
since 20072.169.441.226
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614E0037/00Y003 | Brussels | 3,244 m² | 1 · 1,632 m² | 16.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 site · 1 with a smileyUkkel2.169.441.226
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,851. 2,909 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded19-12-2007
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.