SQUARE2
ActiveSummary
The computed 12-month bankruptcy probability of SQUARE2 is 3.2% (moderate). The 2025 annual accounts show equity of €14,364 and a net result of -€4,297. Equity is shrinking by ~19.4% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability36=
Solvency28▼-1
Growth58=
Track record94
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 5.17 against 6.34 in 2024; short-term debt: 19.3% and cash: 0.1% of total assets), but 97.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
2.6%
Return on assets
-0.8%
Age of the figures
15 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
232425
2023 to 2025 · latest year -€4,297
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 03-01-2026, 28 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
28 d early
2024
1 d early
2023
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 10 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close26-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€14,364▼ 23.0%
2024 · €18,662
Total assets
€546,922▲ 3.4%
2024 · €528,848
Net result
-€4,297▼ 45.3%
2024 · -€2,958
Working capital
€441,114▼ 1.0%
2024 · €445,412
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result-€3,223--€2,428▲ 24.7%-€3,214▼ 32.4%
Net result-€8,381--€2,958▲ 64.7%-€4,297▼ 45.3%
Equity€21,619-€18,662▼ 13.7%€14,364▼ 23.0%
Total assets€515,691-€528,848▲ 2.6%€546,922▲ 3.4%
Debt€494,072-€510,187▲ 3.3%€532,558▲ 4.4%
Working capital€460,369-€445,412▼ 3.2%€441,114▼ 1.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3,214 in 2025 against €2,428 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €546,922
Equity
€14,364 ▼ 23.0%
Debt
€532,558 ▲ 4.4%
Debt's share of the balance-sheet total rises from 96.5% to 97.4%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
5.17▼
2024 · 6.34
Quick ratio
0.01▼
2024 · 0.02
Debt to equity
37.08▲
2024 · 27.34
ROE
-29.9%▼
2024 · -15.9%
ROA
-0.8%▼
2024 · -0.6%
Debt ≤ 1 year
€105,808▲
2024 · €83,437
Debt > 1 year
€426,750=
2024 · €426,750
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,923 | - | - | - |
| Other operating charges640/8 | €112 | €115 | €513 | ▲ 346% |
| Gross operating margin9900 | €811 | -€2,313 | -€2,701 | ▼ 16.8% |
| Operating profit (loss)9901 | -€3,223 | -€2,428 | -€3,214 | ▼ 32.4% |
| Financial charges65/66B | €5,157 | €530 | €1,083 | ▲ 104% |
| Recurring financial charges65 | €5,157 | €530 | €1,083 | ▲ 104% |
| Profit (loss) for the period before taxes9903 | -€8,381 | -€2,958 | -€4,297 | ▼ 45.3% |
| Profit (loss) for the period9904 | -€8,381 | -€2,958 | -€4,297 | ▼ 45.3% |
| Profit (loss) for the period to be appropriated9905 | -€8,381 | -€2,958 | -€4,297 | ▼ 45.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €515,691 | €528,848 | €546,922 | ▲ 3.4% |
| Current assets29/58 | €515,691 | €528,848 | €546,922 | ▲ 3.4% |
| Stocks and contracts in progress3 | €510,759 | €527,572 | €546,202 | ▲ 3.5% |
| Stocks30/36 | €510,759 | €527,572 | €546,202 | ▲ 3.5% |
| Amounts receivable within one year40/41 | €741 | €905 | - | - |
| Other amounts receivable41 | €741 | €905 | - | - |
| Cash at bank and in hand54/58 | €4,191 | €5 | €337 | ▲ 6,437% |
| Deferred charges and accrued income490/1 | - | €367 | €383 | ▲ 4.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €515,691 | €528,848 | €546,922 | ▲ 3.4% |
| Equity10/15 | €21,619 | €18,662 | €14,364 | ▼ 23.0% |
| Contributions10/11 | €30,000 | €30,000 | €30,000 | = |
| Profit (loss) carried forward14 | -€8,381 | -€11,338 | -€15,636 | ▼ 37.9% |
| Amounts payable17/49 | €494,072 | €510,187 | €532,558 | ▲ 4.4% |
| Amounts payable after more than one year17 | €438,750 | €426,750 | €426,750 | = |
| Financial debts170/4 | €438,750 | €426,750 | €426,750 | = |
| Amounts payable within one year42/48 | €55,322 | €83,437 | €105,808 | ▲ 26.8% |
| Trade debts44 | €2,723 | €388 | - | - |
| Suppliers440/4 | €2,723 | €388 | - | - |
| Other amounts payable47/48 | €52,599 | €83,049 | €105,808 | ▲ 27.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,381 | -€2,958 | -€4,297 | ▼ 45.3% |
| + Depreciation and write-downs630 | €3,923 | - | - | - |
| Operating cash flow (approximation) | -€4,458 | -€2,958 | -€4,297 | ▼ 45.3% |
| Change in cash | - | -€4,186 | €332 | ▲ 108% |
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
03-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
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, Roeselare · 1 establishment unit since 2021
Ground area
274 m²
Building footprint
85 m²
Parcel 36503C1284/00W000, Flanders. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
SQUARE2
since 20212.328.966.931
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36503C1284/00W000 | Flanders | 274 m² | 1 · 84 m² | - |
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.
Identification & contact
Identification
Legal formPrivate limited company
Founded18-11-2021
Fiscal year end30-06
Scores and ratios are computed by Checked and are not a credit decision.