SQUARE2
ActiveSummary
SQUARE2 has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14,364 and a net result of -€4,297. Equity has been shrinking by about 19% per year since 2023. The computed 12-month bankruptcy probability is 0.8% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 18-11-2021 Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.328.966.931 8800 Roeselare, since 18-11-2021
- Financial year end
- 30 June
- Peppol
- Not found in the Peppol Directory
Board and ownership
- Hamers Jan, zelfs. jurist BVDirector · since 16-11-2021
- Custom Pro BVDirector
- HDB & E33.33%· score 5430-06-2025 annual accounts of HDB & E
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.8%
- Gross margin
- -€2,701
- ▼ 16.8%
- Loss
- €4,297
- ▲ 45.3%
- Equity
- €14,364
- ▼ 23.0%
- Total assets
- €546,922
- ▲ 3.4%
Score breakdownraises riskLiquidity: current ratio 5.17, cash €337Founded in 2021lowers riskSize: total assets €546,922No main activity registeredShow the evidence
Checked score
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
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 (no NACE code, micro). It does better than 18% of them on solvency, 26% on liquidity, 25% on profitability and 16% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 10 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 03-01-2026 PDF all 3 filings
2023 to 2025, 3 financial years
The operating result for 2025 is a loss of €3,214, larger than the loss of €2,428 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
| 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 | ▲ 65× |
| 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 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 865 companies had the same profile as SQUARE2 has now. Two years later, 1.5% had gone bankrupt and 96.6% were still going.
- Small
- 2 to 5 years old
- solvency under 10%
- a small loss
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SQUARE2 itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,446 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 865 companies, not a prediction for SQUARE2. 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.
Board & ownership
Directors
Owners and capital
Shareholders
1 ownerOwners 1
- Equity -€57,594 Profit of €7,488 in 2025 (profit of €40,748 in 2024) Checked score 5433.33%
Mandate history
- Board
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| Hamers Jan, zelfs. jurist BV |
|
| Custom Pro BV |
|
| CUSTOMS PRO |
|
| RESTATE-UNISSI |
|
Network & group
Companies at the same address
3 other companiesConnections & network
1 connected companyThe connected companies are in the list below.
Timeline
Acts, filings and financial milestones
23-10
Gazette deed
Resignation: RESTATE-UNISSI (bestuurder van de c aandelen)Permanent representatives: VERCAIGNE Nik and VANDEWALLE Jo Jules · Appointment: CUSTOMS PRO (niet statutaire bestuurder voor de c aandeelhouders) · Amendment of the articles10 points ▸
- General meeting, 16-10-2024
- Amendment of the articles
- Amendment of the articles, 18
- Director resignation, RESTATE-UNISSI (bestuurder van de c aandelen)
- Permanent representative, VERCAIGNE Nik
- Director discharge, RESTATE-UNISSI (director)
- Director appointment, CUSTOMS PRO (niet statutaire bestuurder voor de c aandeelhouders)
- Permanent representative, VANDEWALLE Jo Jules (vaste vertegenwoordiger in de zin van artikel 2:55 wetboek van vennootschappen en verenigingen)
- Other provision, “al dan niet door één bestuurder alleen optredend, bevestiging beslissingen sinds oprichting” (deed in Dutch)
- Power of attorney, Nele Soete
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 36503C1284/00W000 | Flanders | 274 m² | 1 · 84 m² | - |