Turnover
The accounts state no turnover.
The accounts state no turnover.
Green is investment, beige is depreciation.
Two of the last ten came late. The 2020 accounts came latest: 10 days after the end of the period.
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 73% of them on solvency, 83% on liquidity, 91% on profitability and 93% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 34,693 companies had the same profile as Square Projects has now. Each dot stands for 87 companies, two years later.
That fits the bankruptcy probability of Square Projects itself: 0.2% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for Square Projects. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 1.9 (1.96 in 2025), above the usual 1.5. Short-term debt is 36.5% and cash 37.2% of total assets. 36.5% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 4 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Square Projects Diksmuide | €28,009 | €13,643 | 63.5% | - |
| VNR-CONCEPT Izegem | €53,000 | €19,546 | 80.1% | - |
| STENAN Heist-op-den-Berg | €42,509 | €19,350 | 45.6% | - |
| ELEC OHM SERVICE Gedinne | €30,628 | €8,043 | 81.2% | - |
| CT Menuiserie Hotton | €49,170 | €18,817 | 61.3% | - |
| NICOLAS RENOV Boussu | €39,488 | €8,455 | 57.4% | - |
| Degraeve Pedro Staden | €59,391 | €17,885 | 67.0% | - |
These companies have the same main activity as Square Projects: general construction of other non-residential buildings (NACE 41003). They are comparable in size and age: total assets between €30,600 and €59,400, founded between 2010 and 2014.
Square Projects files the micro format. That format states no turnover. The gross margin rose from -€2,564 in 2013 to €13,643 in 2026.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €170,000. Estimated: probably between €87,000 and €310,000.
Higher than 65% of 9,462 companies in 2025.
Higher than 57% of 9,210 companies in 2025.
Lower than 95% of 9,282 companies in 2025.
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||
20/58 |
28,009 | 11,123 | 15,518 | 19,017 | 7,607 | 18,982 | 39,194 | 76,720 | 234,383 | 169,671 | 49,803 | 22,837 | 147,730 | 104,051 | |
20 |
- | - | - | - | - | - | - | - | - | - | 17 | 217 | 417 | 617 | |
21/28 |
8,582 | 1,895 | 1,061 | 1,065 | - | - | 118 | 265 | 851 | 1,233 | 4,371 | 3,559 | 2,654 | 2,692 | |
22/27 |
8,582 | 1,895 | 1,061 | 1,065 | - | - | 118 | 265 | 851 | 1,233 | 2,280 | 1,267 | 162 | - | |
23 |
1,306 | 1,895 | 1,061 | 1,065 | - | - | 118 | 265 | 851 | 1,233 | 2,280 | 1,267 | 162 | - | |
24 |
7,276 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
28 |
- | - | - | - | - | - | - | - | - | - | 2,075 | 2,075 | 2,075 | 2,075 | |
29/58 |
19,427 | 9,229 | 14,458 | 17,952 | 7,607 | 18,982 | 39,076 | 76,455 | 233,532 | 168,438 | 45,431 | 19,278 | 145,076 | 101,359 | |
3 |
1,478 | 1,183 | 2,304 | - | - | - | - | 16,399 | 145,865 | 93,939 | - | - | 94,865 | 79,107 | |
30/36 |
1,478 | 1,183 | 804 | - | - | - | - | 16,399 | 145,865 | 93,939 | - | - | - | - | |
37 |
- | 0 | 1,500 | - | - | - | - | - | - | - | - | - | 94,865 | 79,107 | |
40/41 |
7,128 | 3,544 | 3,618 | 14,615 | 7,406 | 18,923 | 34,011 | 34,031 | 25,413 | 27,044 | 24,294 | 3,042 | 27,396 | 10,723 | |
40 |
4,939 | 3,285 | 3,285 | 12,904 | 6,810 | 18,920 | 33,722 | 32,892 | 22,548 | 27,034 | 24,280 | 2,665 | 27,388 | 7,974 | |
41 |
2,190 | 259 | 333 | 1,712 | 596 | 3 | 289 | 1,139 | 2,865 | 10 | 14 | 377 | 8 | 2,749 | |
54/58 |
10,423 | 4,296 | 8,329 | 3,018 | 12 | 59 | 3,180 | 26,025 | 62,254 | 47,455 | 21,137 | 16,236 | 22,815 | 11,530 | |
490/1 |
398 | 207 | 207 | 318 | 188 | - | 1,885 | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||
10/49 |
28,009 | 11,123 | 15,518 | 19,017 | 7,607 | 18,982 | 39,194 | 76,720 | 234,383 | 169,671 | 49,803 | 22,837 | 147,730 | 104,051 | |
10/15 |
17,790 | 6,409 | 11,614 | 12,131 | 4,119 | 1,756 | 1,859 | 6,224 | 39,754 | 22,406 | 15,173 | 8,766 | 13,885 | 2,587 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | - | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
11 |
- | - | - | - | - | - | 6,200 | - | - | - | - | - | - | - | |
1100/10 |
- | - | - | - | - | - | 6,200 | - | - | - | - | - | - | - | |
13 |
209 | 209 | 5,414 | 5,931 | 1,860 | 1,860 | 33,554 | 33,554 | 33,554 | 16,206 | 8,973 | 2,566 | 7,685 | - | |
130/1 |
- | - | 0 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 384 | 384 | - | |
1311 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | |
1319 |
- | - | - | - | - | - | 1,860 | - | - | - | - | - | - | - | |
133 |
209 | 209 | 5,414 | 4,071 | - | - | 31,694 | 31,694 | 31,694 | 14,346 | 7,113 | 2,182 | 7,300 | - | |
14 |
11,381 | - | - | 0 | -3,941 | -6,304 | -37,895 | -33,530 | - | - | - | - | - | -3,613 | |
17/49 |
10,220 | 4,715 | 3,904 | 6,886 | 3,488 | 17,227 | 37,335 | 70,496 | 194,629 | 147,265 | 34,630 | 14,070 | 133,845 | 101,464 | |
17 |
- | - | - | - | - | - | 14,000 | 16,000 | 90,000 | 69,877 | - | - | - | - | |
170/4 |
- | - | - | - | - | - | 14,000 | 16,000 | 90,000 | 69,877 | - | - | - | - | |
42/48 |
10,220 | 4,715 | 3,904 | 6,886 | 3,488 | 17,227 | 23,335 | 54,496 | 104,597 | 77,372 | 34,609 | 13,844 | 133,845 | 101,464 | |
42 |
- | - | - | - | - | - | 2,000 | 2,000 | 10,000 | - | - | - | - | - | |
43 |
6,736 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
430/8 |
6,736 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
44 |
1,578 | 2,715 | 1,783 | 4,866 | 3,468 | 57 | 101 | 6,197 | 24,839 | 11,776 | 16,220 | 1,840 | 10,316 | 6,464 | |
440/4 |
1,578 | 2,715 | 1,783 | 4,866 | 3,468 | 57 | 101 | 6,197 | 24,839 | 11,776 | 16,220 | 1,840 | 10,316 | 6,464 | |
45 |
- | 0 | 93 | - | 0 | 1,757 | 3,121 | 28,186 | 12,782 | 28,702 | 6,536 | 192 | 17,173 | - | |
450/3 |
- | 0 | 93 | - | 0 | 1,757 | 76 | 25,389 | 10,218 | 28,702 | 6,536 | 192 | 17,173 | - | |
454/9 |
- | - | - | - | - | - | 3,045 | 2,797 | 2,564 | - | - | - | - | - | |
47/48 |
1,906 | 2,000 | 2,028 | 2,020 | 20 | 15,413 | 18,113 | 18,113 | 56,975 | 36,894 | 11,852 | 11,812 | 106,356 | 95,000 | |
492/3 |
- | - | - | - | - | - | - | - | 32 | 16 | 21 | 227 | - | - | |
| Income statement | |||||||||||||||
9900 |
13,643 | -3,693 | 341 | 8,779 | 2,915 | 9,613 | 39,543 | 11,363 | 32,967 | 17,529 | 9,106 | -2,537 | 19,040 | -2,564 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 81,671 | |
62 |
- | - | - | 0 | -40 | 6,873 | 43,001 | 42,062 | 4,851 | - | - | - | - | - | |
630 |
1,370 | 582 | 266 | 201 | 0 | 118 | 147 | 586 | 1,118 | 1,064 | 1,745 | 1,045 | 308 | 383 | |
640/8 |
382 | 802 | 499 | 460 | 509 | 2,348 | 455 | 679 | 451 | 5,724 | 450 | 449 | 446 | 815 | |
9901 |
11,891 | -5,077 | -424 | 8,118 | 2,446 | 274 | -4,060 | -31,964 | 26,548 | 10,742 | 6,912 | -4,031 | 18,286 | -3,762 | |
75/76B |
- | 0 | 16 | 6 | 37 | 0 | 1 | 21 | 711 | 723 | 233 | 42 | 1,027 | 209 | |
75 |
- | 0 | 16 | 6 | 37 | 0 | 1 | 21 | 711 | 723 | 233 | 42 | 1,027 | 209 | |
65/66B |
510 | 129 | 108 | 112 | 120 | 378 | 306 | 1,586 | 758 | 572 | 156 | 1,129 | 4,047 | 58 | |
65 |
510 | 129 | 108 | 112 | 120 | 378 | 306 | 1,586 | 758 | 572 | 156 | 1,129 | 4,047 | 58 | |
9903 |
11,381 | -5,205 | -517 | 8,012 | 2,364 | -103 | -4,365 | -33,530 | 26,501 | 10,892 | 6,989 | -5,118 | 15,266 | -3,611 | |
67/77 |
- | - | - | - | - | - | - | - | 9,153 | 3,659 | 582 | - | 3,969 | 2 | |
9904 |
11,381 | -5,205 | -517 | 8,012 | 2,364 | -103 | -4,365 | -33,530 | 17,348 | 7,233 | 6,407 | -5,118 | 11,298 | -3,613 | |
9905 |
11,381 | -5,205 | -517 | 8,012 | 2,364 | -103 | -4,365 | -33,530 | 17,348 | 7,233 | 6,407 | -5,118 | 11,298 | -3,613 | |
| Appropriation of the result | |||||||||||||||
9906 |
11,381 | -5,205 | -517 | 4,071 | -3,941 | -37,999 | -37,895 | -33,530 | 17,348 | 7,233 | 6,407 | -5,118 | 7,685 | -3,613 | |
14P |
- | - | 0 | -3,941 | -6,304 | - | - | - | - | - | - | - | - | - | |
791/2 |
- | 5,205 | 517 | - | 0 | 31,694 | - | - | - | - | - | 5,118 | - | - | |
691/2 |
- | - | 0 | 4,071 | - | - | - | - | 17,348 | 7,233 | 6,407 | - | 7,685 | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | 1,476 | - | 384 | - | |
6921 |
- | - | 0 | 4,071 | - | - | - | - | 17,348 | 7,233 | 4,931 | - | 7,300 | - | |
| Social balance sheet | |||||||||||||||
9087 |
- | - | - | - | - | 0.1 | 1 | 1 | 0.1 | - | - | - | - | - | |
Hours worked1013 |
- | - | - | - | - | 288 | 1,792 | 1,696 | 128 | - | - | - | - | - | |
| Document | |||||||||||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2026 at the NBB, filed on 02-11-2026.
2026 annual accounts filed 2 days after the deadline. Filed on 2 November 2026, deadline 31 October 2026 (7 months after the close on 31 March 2026, Companies Code art. 3:10). Source: NBB, 2026-00598484.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 02-11-2026 | 2026-00598484 | |
| 31-03-2025 | micro format | 14-10-2025 | 2025-00545047 | |
| 31-03-2024 | micro format | 31-10-2024 | 2024-00523936 | |
| 31-03-2023 | micro format | 16-10-2023 | 2023-00487240 | |
| 31-03-2022 | micro format | 28-10-2022 | 2022-20482092 | |
| 31-03-2021 | micro format | 29-10-2021 | 2021-75300212 | |
| 31-03-2020 | abbreviated format | 10-11-2020 | 2020-70400070 | |
| 31-03-2019 | abbreviated format | 31-10-2019 | 2019-72200049 | |
| 31-03-2018 | abbreviated format | 30-10-2018 | 2018-70500547 | |
| 31-03-2017 | abbreviated format | 30-10-2017 | 2017-68000256 | |
| 31-03-2016 | abbreviated format | 26-09-2016 | 2016-60800566 | |
| 31-03-2015 | abbreviated format | 28-09-2015 | 2015-60000287 | |
| 31-03-2014 | abbreviated format | 18-11-2014 | 2014-67000517 | |
| 31-03-2013 | abbreviated format | 27-11-2013 | 2013-66800087 |
| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 13,261 | -4,495 | -158 | 8,319 | 2,446 | 392 | -3,913 | -31,378 | 27,666 | 11,806 | 8,657 | -2,986 | 18,594 | -3,379 | ||
| 12,751 | -4,624 | -251 | 8,213 | 2,364 | 14 | -4,218 | -32,944 | 18,466 | 8,297 | 8,152 | -4,074 | 11,606 | -3,230 | ||
| 8,058 | 1,416 | 262 | 1,266 | 0 | 0 | 0 | 0 | 736 | -2,075 | 2,557 | 1,950 | 270 | 2,075 | ||
| 6,127 | -4,033 | 5,310 | 3,006 | -47 | -3,121 | -22,845 | -36,229 | 14,798 | 26,318 | 4,901 | -6,579 | 11,285 | - | ||
| 9,207 | 4,514 | 10,553 | 11,066 | 4,119 | 1,756 | 15,741 | 21,959 | 128,935 | 91,067 | 10,822 | 5,434 | 11,231 | -105 | ||
| 63.5% | 57.6% | 74.8% | 63.8% | 54.2% | 9.2% | 4.7% | 8.1% | 17.0% | 13.2% | 30.5% | 38.4% | 9.4% | 2.5% | ||
| 1.90 | 1.96 | 3.70 | 2.61 | 2.18 | 1.10 | 1.67 | 1.40 | 2.23 | 2.18 | 1.31 | 1.39 | 1.08 | 1.00 | ||
| 1.76 | 1.71 | 3.11 | 2.61 | 2.18 | 1.10 | 1.67 | 1.10 | 0.84 | 0.96 | 1.31 | 1.39 | 0.38 | 0.22 | ||
| 0.57 | 0.74 | 0.34 | 0.57 | 0.85 | 9.81 | 20.08 | 11.33 | 4.90 | 6.57 | 2.28 | 1.61 | 9.64 | 39.22 | ||
| 64.0% | -81.2% | -4.5% | 66.0% | 57.4% | -5.9% | -234.8% | -538.7% | 43.6% | 32.3% | 42.2% | -58.4% | 81.4% | -139.7% | ||
| 40.6% | -46.8% | -3.3% | 42.1% | 31.1% | -0.5% | -11.1% | -43.7% | 7.4% | 4.3% | 12.9% | -22.4% | 7.6% | -3.5% | ||
| 26.02 | -34.97 | -1.46 | 74.16 | 20.39 | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | 29 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-03-2026 | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|---|
| Tangible fixed assets | €8,058 | €1,416 | €262 | €1,266 | - |
| €1,370 | €582 | €266 | €201 | €0 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
The operating result for 2026 is a profit of €11,891, after a loss of €5,077 in 2025. It is the highest result since 2018.
Debt's share of the balance-sheet total falls from 42.4% to 36.5%. Equity and debt are higher.
Square Projects has no parent and no holdings in its annual accounts. Kevin Lievens is the only director. Square Projects shares no director with another company.
Deadline for the 2027 accounts: 31-10-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Noordstraat 2 registered office 8600 Diksmuide 4100105 General construction of residential buildings | 04-05-2011 | 2.199.983.853 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 32024D0302/00C000 | 993 m² | 1 · 150 m² | 7.6 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0836.073.979
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