SQUARE MOON
ActiveSQUARE MOON has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €184k and a net result of €52k. Equity is growing by ~24.1% per year across the filed fiscal years. Its solvency ranks better than 49% of 11195 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
91
/ 100
Excellent▲ +5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency86▲+3
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 3.01 against 5.21 in 2024), but 58.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 46
Relative position
BE, all sectors
reference
Sector 46
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
41.3%
Return on assets
11.6%
Age of the figures
8 mo
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 05-05-2026, 87 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
87 d early
2024
49 d early
2023
54 d early
2022
33 d early
2021
54 d early
2020
108 d early
2019
100 d early
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€184k▼ 9.2%
2024 · €203k
2018: €21k
2019: €36k
2020: €68k
2021: €104k
2022: €133k
2023: €160k
2024: €203k
2018 → 2025
Total assets
€447k▼ 12.6%
2024 · €511k
2018: €81k
2019: €75k
2020: €130k
2021: €201k
2022: €285k
2023: €345k
2024: €511k
2018 → 2025
Net result
€52k▲ 21.5%
2024 · €43k
2018: €1k
2019: €15k
2020: €32k
2021: €36k
2022: €29k
2023: €72k
2024: €43k
2018 → 2025
Working capital
€298k▼ 27.7%
2024 · €412k
2018: €21k
2019: €36k
2020: €68k
2021: €101k
2022: €231k
2023: €265k
2024: €412k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€104k-€133k▲ 27.8%€160k▲ 20.6%€203k▲ 26.7%€184k▼ 9.2%
Operating result€59k-€68k▲ 15.6%€76k▲ 12.1%€55k▼ 27.7%€73k▲ 33.4%
Net result€36k-€29k▼ 19.8%€72k▲ 150%€43k▼ 40.9%€52k▲ 21.5%
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 recovers in 2025; 2025 is 33% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €447k
Fixed assets
€154▼ 81.5%
Current assets
€446k▼ 12.5%
Equity and liabilities €447k
Equity
€184k▼ 9.2%
Debt
€262k▼ 14.9%
The debt ratio falls from 60.3% to 58.7%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€74k▲
2024 · €56k
Cash flow
€53k▲
2024 · €43k
Solvency
41.3%▲
2024 · 39.7%
Current ratio
3.01▼
2024 · 5.21
Quick ratio
3.01▼
2024 · 5.21
Debt / equity
1.42▼
2024 · 1.52
ROE
28.2%▲
2024 · 21.1%
ROA
11.6%▲
2024 · 8.4%
Interest coverage
5.09▲
2024 · 4.78
Debt
€262k▼
2024 · €308k
Debt ≤ 1 year
€148k▲
2024 · €98k
Debt > 1 year
€100k▼
2024 · €200k
Income taxes
€17k▲
2024 · €15k
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€511k€447k▼
Fixed assets21/28€831€154▼
Intangible fixed assets21€831€154▼
Current assets29/58€510k€446k▼
Amounts receivable within one year40/41€377k€317k▼
Trade receivables40€348k€114k▼
Other amounts receivable41€28k€203k▲
Cash at bank and in hand54/58€134k€120k▼
Deferred charges and accrued income490/1€0€9k▲
Equity and liabilities
Total equity and liabilities10/49€511k€447k▼
Equity10/15€203k€184k▼
Contributions10/11€20k€20k=
Reserves13€183k€164k▼
Distributable reserves133€183k€164k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€308k€262k▼
Amounts payable after more than one year17€200k€100k▼
Financial debts170/4€200k€100k▼
Amounts payable within one year42/48€98k€148k▲
Trade debts44€23k€14k▼
Suppliers440/4€23k€14k▼
Taxes, remuneration and social security45€71k€64k▼
Taxes450/3€71k€64k▼
Other amounts payable47/48€4k€71k▲
Accrued charges and deferred income492/3€10k€14k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€677€677=
Other operating charges640/8€903€919▲
Gross operating margin9900€57k€75k▲
Operating profit (loss)9901€55k€73k▲
Financial income75/76B€14k€11k▼
Recurring financial income75€14k€11k▼
Financial charges65/66B€12k€15k▲
Recurring financial charges65€12k€15k▲
Profit (loss) for the period before taxes9903€57k€69k▲
Income taxes67/77€15k€17k▲
Profit (loss) for the period9904€43k€52k▲
Profit (loss) for the period to be appropriated9905€43k€52k▲
Appropriation of the result
Profit (loss) to be appropriated9906€43k€52k▲
Transfer from equity791/2-€19k
Transfer to equity691/2€43k€0▼
To other reserves6921€43k€0▼
Profit to be distributed694/7€0€71k▲
Return on contributions (dividend)694-€71k
Directors or managers695€0-
The notes to these accounts (5 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
05-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200kEq €203k ▲26.7%
7 profitable years in a row build equity to €203k.
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €72k ▲150%
Operating result €76k, net result €72k, both a record.
31-12
Financial
Equity above €150kEq €160k ▲20.6%
6 profitable years in a row build equity to €160k.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity triplescurrent ratio 5.50
Current ratio from 2.05 to 5.50; short-term debt falls from €97k to €51k.
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €100kEq €104k ▲53%
4 profitable years in a row build equity to €104k.
14-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
22-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Kluisbergen · 1 establishment unit since 2017
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.
Oudenaardebaan 649690 KluisbergenGround area
4,108 m²
Building footprint
2,195 m²
Parcel 45002B1362/00D000, Flanders. Linked by address, not a title deed.
1 establishment unit
SQUARE MOON
since 20172.270.364.182
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45002B1362/00D000 | Flanders | 4,108 m² | 1 · 2,195 m² | - |
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.
Similar companies · same sector, comparable size
APELON
BE 0468.259.481
Nivelles · Eq €184k
MEUBEL LOGISTIEK BENELUX
BE 0474.575.567
Essen · Eq €184k
POWER CONSULT
BE 0824.832.273
Zoersel · Eq €185k
Groep VM
BE 0675.997.156
Beveren-Kruibeke-Zwijndrecht · Eq €184k
W.P. MED
BE 0672.770.719
Aywaille · Eq €185k
Of 4,406 companies in sector 46180 we hold annual accounts for 1,875. 1,369 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-09-2017
Fiscal year end31-12
Activities, NACEBEL
46180Agents specialised in the wholesale of other particular products
46474Wholesale trade
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.