SQUARE ONE
ActiveSummary
SQUARE ONE has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €111,601 and a net result of €35,916. Equity is growing by ~20.8% per year across the filed fiscal years. Its solvency ranks better than 70% of 1912 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability99▲+50
Solvency100▲+11
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 7.13 against 6.33 in 2024; short-term debt: 12.1% and cash: 4.7% of total assets), and 25.2% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
about 52% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
74.8%
Return on assets
24.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-09-2026, 35 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 · 10 filingsDeviation from the deadline
2025
35 d late
2024
17 d early
2023
14 d late
2022
19 d early
2021
24 d late
2020
30 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 27 days after the deadline; the sector median for financial year 2024 is 10 days before the deadline, and 32% of the sector filed late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€111,601▲ 47.5%
2024 · €75,685
Total assets
€149,143▲ 25.8%
2024 · €118,576
Net result
€35,916
2024 · -€690
Working capital
€110,270▲ 45.0%
2024 · €76,058
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 63, Computing infrastructure, data processing, hosting and other information service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€26,686▲ 30.7%€31,517▲ 18.1%€19,909▼ 36.8%€5,987▼ 69.9%€48,310▲ 707%
Net result€13,819within the sector's middle half▲ 49.2%€17,582within the sector's middle half▲ 27.2%€9,432within the sector's middle half▼ 46.4%-€690below the sector's middle half€35,916within the sector's middle half
Equity€49,361within the sector's middle half▲ 38.9%€66,943within the sector's middle half▲ 35.6%€76,375within the sector's middle half▲ 14.1%€75,685within the sector's middle half▼ 0.9%€111,601within the sector's middle half▲ 47.5%
Total assets€113,013within the sector's middle half▲ 3.5%€126,525within the sector's middle half▲ 12.0%€128,448within the sector's middle half▲ 1.5%€118,576within the sector's middle half▼ 7.7%€149,143within the sector's middle half▲ 25.8%
Debt€63,652▼ 13.6%€59,582▼ 6.4%€52,073▼ 12.6%€42,891▼ 17.6%€37,541▼ 12.5%
Working capital€52,670▲ 47.6%€71,312▲ 35.4%€77,471▲ 8.6%€76,058▼ 1.8%€110,270▲ 45.0%
Solvency43.7%within the sector's middle half▲ 11.1pp52.9%within the sector's middle half▲ 9.2pp59.5%within the sector's middle half▲ 6.6pp63.8%within the sector's middle half▲ 4.4pp74.8%within the sector's middle half▲ 11.0pp
above
within
below
the middle half (P25 to P75) of NACE 63, Computing infrastructure, data processing, hosting and other information service activities, each year against the same schema; no band under 30 filings.
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 707% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €149,143
Fixed assets
€20,885 ▼ 26.0%
Current assets
€128,258 ▲ 42.0%
Equity and liabilities €149,143
Equity
€111,601 ▲ 47.5%
Debt
€37,541 ▼ 12.5%
Debt's share of the balance-sheet total falls from 36.2% to 25.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€55,665▲
2024 · €12,991
Cash flow
€43,272▲
2024 · €6,314
Current ratio
7.13▲
2024 · 6.33
Debt to equity
0.34▼
2024 · 0.57
ROE
32.2%▲
2024 · -0.9%
ROA
24.1%▲
2024 · -0.6%
Interest coverage
243.21▲
2024 · 3.77
Debt ≤ 1 year
€17,987▲
2024 · €14,276
Debt > 1 year
€19,484▼
2024 · €28,614
Income taxes
€16,809▲
2024 · €3,925
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 34,679 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,458 | €6,645 | €6,579 | €7,004 | €7,356 | ▲ 5.0% |
| Other operating charges640/8 | €5,064 | €1,779 | €1,169 | €2,018 | €757 | ▼ 62.5% |
| Gross operating margin9900 | €40,208 | €39,941 | €27,657 | €15,008 | €56,422 | ▲ 276% |
| Operating profit (loss)9901 | €26,686 | €31,517 | €19,909 | €5,987 | €48,310 | ▲ 707% |
| Financial income75/76B | €0 | - | €1 | €698 | €4,645 | ▲ 565% |
| Recurring financial income75 | €0 | - | €1 | €698 | €4,645 | ▲ 565% |
| Financial charges65/66B | €4,794 | €4,111 | €3,589 | €3,450 | €229 | ▼ 93.4% |
| Recurring financial charges65 | €4,794 | €4,111 | €3,589 | €3,450 | €229 | ▼ 93.4% |
| Profit (loss) for the period before taxes9903 | €21,892 | €27,406 | €16,320 | €3,235 | €52,726 | ▲ 1,530% |
| Income taxes67/77 | €8,073 | €9,824 | €6,888 | €3,925 | €16,809 | ▲ 328% |
| Profit (loss) for the period9904 | €13,819 | €17,582 | €9,432 | -€690 | €35,916 | ▲ 5,304% |
| Profit (loss) for the period to be appropriated9905 | €13,819 | €17,582 | €9,432 | -€690 | €35,916 | ▲ 5,304% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €113,013 | €126,525 | €128,448 | €118,576 | €149,143 | ▲ 25.8% |
| Fixed assets21/28 | €43,033 | €36,388 | €33,758 | €28,241 | €20,885 | ▼ 26.0% |
| Tangible fixed assets22/27 | €43,033 | €36,388 | €33,758 | €28,241 | €20,885 | ▼ 26.0% |
| Land and buildings22 | €42,853 | €36,388 | €33,758 | €26,898 | €20,037 | ▼ 25.5% |
| Plant, machinery and equipment23 | - | - | - | €1,343 | €848 | ▼ 36.9% |
| Furniture and vehicles24 | €179 | - | - | - | - | - |
| Current assets29/58 | €69,980 | €90,137 | €94,690 | €90,335 | €128,258 | ▲ 42.0% |
| Amounts receivable within one year40/41 | €69,847 | €74,865 | €64,670 | €87,470 | €118,094 | ▲ 35.0% |
| Trade receivables40 | €20,268 | €24,212 | - | €19,874 | €9,000 | ▼ 54.7% |
| Other amounts receivable41 | €49,580 | €50,653 | €64,670 | €67,596 | €109,094 | ▲ 61.4% |
| Current investments50/53 | - | - | €15,315 | - | - | - |
| Cash at bank and in hand54/58 | - | €15,133 | €14,563 | €214 | €7,008 | ▲ 3,172% |
| Deferred charges and accrued income490/1 | €133 | €139 | €143 | €2,650 | €3,156 | ▲ 19.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €113,013 | €126,525 | €128,448 | €118,576 | €149,143 | ▲ 25.8% |
| Equity10/15 | €49,361 | €66,943 | €76,375 | €75,685 | €111,601 | ▲ 47.5% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €43,161 | €60,743 | €70,175 | €69,485 | €105,401 | ▲ 51.7% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €41,301 | €58,883 | €70,175 | €69,485 | €105,401 | ▲ 51.7% |
| Amounts payable17/49 | €63,652 | €59,582 | €52,073 | €42,891 | €37,541 | ▼ 12.5% |
| Amounts payable after more than one year17 | €46,342 | €40,757 | €34,854 | €28,614 | €19,484 | ▼ 31.9% |
| Financial debts170/4 | €46,342 | €40,757 | €34,854 | €28,614 | €19,484 | ▼ 31.9% |
| Amounts payable within one year42/48 | €17,310 | €18,825 | €17,219 | €14,276 | €17,987 | ▲ 26.0% |
| Current portion of amounts payable after more than one year42 | €5,284 | €5,585 | €5,903 | €6,240 | €6,595 | ▲ 5.7% |
| Financial debts43 | €1,550 | - | - | €1,696 | €6,683 | ▲ 294% |
| Credit institutions430/8 | €1,550 | - | - | €1,696 | €6,683 | ▲ 294% |
| Trade debts44 | €3,012 | €1,973 | €1,491 | €3,178 | €900 | ▼ 71.7% |
| Suppliers440/4 | €3,012 | €1,973 | €1,491 | €3,178 | €900 | ▼ 71.7% |
| Taxes, remuneration and social security45 | €7,464 | €11,267 | €9,824 | €3,163 | €3,809 | ▲ 20.4% |
| Taxes450/3 | €7,464 | €11,267 | €9,824 | €3,163 | €3,809 | ▲ 20.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | €70 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,819 | €17,582 | €9,432 | -€690 | €35,916 | ▲ 5,304% |
| + Depreciation and write-downs630 | €8,458 | €6,645 | €6,579 | €7,004 | €7,356 | ▲ 5.0% |
| Operating cash flow (approximation) | €22,277 | €24,227 | €16,011 | €6,314 | €43,272 | ▲ 585% |
| Investment in fixed assets (approximation) | - | €0 | -€3,949 | -€1,487 | €0 | ▲ 100% |
| Change in cash | - | - | -€570 | -€14,349 | €6,793 | ▲ 147% |
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
04-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 35 days late
2025
31-12
Financial
Back to profitnet €35,916
Net result €35,916 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €111,601 ▲47.5%
Equity rises from €75,685 to €111,601.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€690
Net result drops to -€690, the lowest in the series; recovery starts the following year.
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 122 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 18 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, Sint-Truiden · 1 establishment unit since 2008
Ground area
395 m²
Building footprint
139 m²
Volume, LiDAR
762 m³
Parcel 71053G0299/00K003, Flanders · tallest building 10.7 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Grevensmolenweg 28, 3800 Sint-Truiden
since 20082.173.121.187
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71053G0299/00K003 | Flanders | 395 m² | 1 · 139 m² | 10.7 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,727 companies in sector 63100 we hold annual accounts for 1,274. 977 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
Founded28-08-2008
Fiscal year end31-12
Activities, NACEBEL 2025
63100Computing infrastructure, data processing, hosting and related activities
10820Manufacture of cocoa, chocolate and sugar confectionery
62900Other information technology and computer services
Contact
Phone
0486/38.11.98Sint-Truiden
E-invoicing
Reachable via Peppol
Peppol ID
0208:0806060397
Registered
09-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.