SQUARE VALLEY
ActiveSQUARE VALLEY has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €146k and a net result of €3k. Equity is growing by ~34.6% per year across the filed fiscal years. Its solvency ranks better than 29% of 20786 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability30▼-45
Solvency64▲+8
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 1.7 against 1.85 in 2023; short-term debt: 57.9% and cash: 0.8% of total assets), but 61.3% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
30 d late
2022
121 d late
2021
484 d late
2020
90 d late
2019
36 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€146k▲ 34.5%
2023 · €108k
2019: €40k
2020: €43k
2021: €54k
2022: €78k
2023: €108k
2019 → 2024
Total assets
€376k▲ 8.8%
2023 · €346k
2019: €56k
2020: €84k
2021: €145k
2022: €256k
2023: €346k
2019 → 2024
Net result
€3k▼ 91.7%
2023 · €31k
2019: €4k
2020: €3k
2021: €11k
2022: €24k
2023: €31k
2019 → 2024
Working capital
€152k▼ 1.2%
2023 · €154k
2019: €21k
2020: €16k
2021: €58k
2022: €123k
2023: €154k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€43k-€54k▲ 26.0%€78k▲ 43.8%€108k▲ 39.3%€146k▲ 34.5%
Operating result€6k-€15k▲ 163%€34k▲ 123%€52k▲ 50.5%€3k▼ 94.0%
Net result€3k-€11k▲ 302%€24k▲ 112%€31k▲ 29.0%€3k▼ 91.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 94% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €376k
Fixed assets
€7k▼ 38.4%
Current assets
€370k▲ 10.3%
Equity and liabilities €376k
Equity
€146k▲ 34.5%
Debt
€231k▼ 2.9%
The debt ratio falls from 68.7% to 61.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4k▼
2023 · €58k
Cash flow
€4k▼
2023 · €36k
Solvency
38.7%▲
2023 · 31.3%
Current ratio
1.70▼
2023 · 1.85
Quick ratio
1.70▼
2023 · 1.85
Debt / equity
1.58▼
2023 · 2.19
ROE
1.7%▼
2023 · 28.2%
ROA
0.7%▼
2023 · 8.8%
Interest coverage
1.27▼
2023 · 5.37
Debt
€231k▼
2023 · €238k
Debt ≤ 1 year
€218k▲
2023 · €182k
Debt > 1 year
€13k▼
2023 · €56k
Income taxes
€4k▼
2023 · €13k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€346k€376k▲
Formation expenses20€0€0=
Fixed assets21/28€11k€7k▼
Tangible fixed assets22/27€6k€2k▼
Plant, machinery and equipment23€2k€0▼
Furniture and vehicles24€4k€2k▼
Financial fixed assets28€5k€5k=
Current assets29/58€335k€370k▲
Amounts receivable after more than one year29€124k€124k=
Other amounts receivable291€124k€124k=
Amounts receivable within one year40/41€210k€240k▲
Trade receivables40€161k€100k▼
Other amounts receivable41€49k€140k▲
Cash at bank and in hand54/58€1k€3k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€346k€376k▲
Equity10/15€108k€146k▲
Contributions10/11€36k€71k▲
Reserves13€7k€7k=
Non-distributable reserves130/1€7k€7k=
Reserves not available under the articles1311€7k€7k=
Profit (loss) carried forward14€65k€68k▲
Amounts payable17/49€238k€231k▼
Amounts payable after more than one year17€56k€13k▼
Financial debts170/4€56k€13k▼
Amounts payable within one year42/48€182k€218k▲
Current portion of amounts payable after more than one year42€13k€11k▼
Trade debts44€143k€180k▲
Suppliers440/4€143k€180k▲
Taxes, remuneration and social security45€24k€2k▼
Taxes450/3€24k€2k▼
Other amounts payable47/48€492€25k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€1k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€9k-
Other operating charges640/8€599€184▼
Gross operating margin9900€68k€4k▼
Operating profit (loss)9901€52k€3k▼
Financial income75/76B€2k€6k▲
Recurring financial income75€2k€6k▲
Financial charges65/66B€11k€3k▼
Recurring financial charges65€11k€3k▼
Profit (loss) for the period before taxes9903€43k€6k▼
Income taxes67/77€13k€4k▼
Profit (loss) for the period9904€31k€3k▼
Profit (loss) for the period to be appropriated9905€31k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€69k€68k▼
Profit (loss) brought forward from the previous period14P€38k€65k▲
Transfer to equity691/2€3k-
To the legal reserve6920€3k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet €3k ▼91.7%
Net result drops to €3k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2019net €31k ▲29%
Operating result €52k, net result €31k, both a record.
31-12
Financial
Equity above €100kEq €108k ▲39.3%
5 profitable years in a row build equity to €108k.
29-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 121 days late
27-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 484 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Beringen · 1 establishment unit since 2019
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.
Schrikheidestraat 162B3582 BeringenGround area
2,946 m²
Building footprint
312 m²
Volume, LiDAR
1,362 m³
Parcel 71029B1165/00W008, Flanders · tallest building 6.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Schrikheidestraat 162B, 3582 Beringen
since 20192.291.538.688
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71029B1165/00W008 | Flanders | 2,946 m² | 1 · 312 m² | 6.6 m · 1 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.
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AdvantITge
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Of 16,878 companies in sector 62100 we hold annual accounts for 8,776. 6,864 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded13-12-2018
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
62020IT consultancy
62030Computer programming, consultancy and related activities
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
63110Computing infrastructure, data processing, hosting and other information service activities
63120Computing infrastructure, data processing, hosting and other information service activities
63910Web portal activities
68310Real estate agency activities
68311Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.