Squaredev
Annual accounts 2025
abbreviated format, filed on 31-08-2026, 31 days late€714,504
▲ 627%
€41,910
▼ 33.6%
€33,913
▼ 45.8%
€1.2m
▲ 38×
63.6%
▲ 61.2 percentage points
4.74
▲ 3.71
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 ≈ €1.9m. Estimated: probably between €1.3m and €3.0m.
Balance sheet
balance sheet total €1.7m on 31-12-2025What the company ownsHow it is paid for
in €m
in euro
Position in the sector
63.6%
Higher than 71% of 3,545 companies in 2025.
4.74
Higher than 84% of 3,450 companies in 2025.
2.0%
Higher than 38% of 3,487 companies in 2025.
Squaredev
Middle half of the sector
80% of the sector
Abbreviated accounts in computer programming and consultancy (NACE 62)
Net result: middle half · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
Staff
Staff costs divided by the average number of full-time equivalents.
people who joined
people who left
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
1.7m | 1.2m | 1.8m | 1.6m | 813,246 | 146,010 | 13,715 | |
21/28 |
109,194 | 19,457 | 75,461 | 27,791 | 18,289 | 5,430 | - | |
21 |
64,932 | - | - | - | - | - | - | |
22/27 |
42,138 | 17,332 | 75,461 | 27,791 | 15,649 | 5,430 | - | |
23 |
15,887 | - | - | - | - | - | - | |
24 |
26,251 | 17,332 | 75,461 | 27,791 | 15,649 | 5,430 | - | |
28 |
2,125 | 2,125 | - | - | 2,640 | - | - | |
29/58 |
1.6m | 1.2m | 1.8m | 1.6m | 794,957 | 140,579 | 13,715 | |
29 |
629,106 | 1.0m | 1.2m | 1.1m | 595,991 | - | - | |
290 |
629,106 | - | - | - | - | - | - | |
291 |
- | 1.0m | 1.2m | 1.1m | 595,991 | - | - | |
40/41 |
61,206 | 45,414 | 35,509 | 37,737 | 15,710 | 8,411 | - | |
40 |
51,167 | 37,677 | 29,127 | 31,500 | 9,534 | 2,261 | - | |
41 |
10,039 | 7,737 | 6,382 | 6,237 | 6,176 | 6,150 | - | |
54/58 |
872,889 | 141,613 | 526,556 | 429,107 | 173,583 | 132,168 | 13,680 | |
490/1 |
- | - | 809 | 828 | 9,674 | - | 34 | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
1.7m | 1.2m | 1.8m | 1.6m | 813,246 | 146,010 | 13,715 | |
10/15 |
1.1m | 29,717 | -32,821 | 47,804 | 14,144 | 12,186 | 12,186 | |
10/11 |
1.0m | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | |
13 |
11,958 | 11,958 | 11,958 | 11,958 | 1,958 | - | - | |
133 |
11,958 | 11,958 | 11,958 | 11,958 | 1,958 | - | - | |
14 |
45,472 | 11,559 | -50,979 | 29,646 | 5,986 | 5,986 | 5,986 | |
17/49 |
608,766 | 1.2m | 1.9m | 1.5m | 799,102 | 133,824 | 1,529 | |
42/48 |
329,939 | 1.2m | 1.9m | 1.5m | 799,102 | 133,824 | 1,529 | |
44 |
157,859 | 9,888 | 11,208 | 833 | 4,703 | 2,197 | - | |
440/4 |
157,859 | 9,888 | 11,208 | 833 | 4,703 | 2,197 | - | |
45 |
139,986 | 68,103 | 7,344 | 4,338 | 316 | 1,529 | 1,529 | |
450/3 |
39,633 | 22,899 | 4,454 | 4,338 | 316 | 1,529 | 1,529 | |
454/9 |
100,353 | 45,205 | 2,890 | - | - | - | - | |
47/48 |
32,094 | 1.1m | 1.8m | 1.5m | 794,084 | 130,097 | - | |
492/3 |
278,826 | 22,322 | - | - | - | - | - | |
| Income statement | ||||||||
9900 |
714,504 | 98,310 | -19,612 | 49,854 | 15,750 | 243 | 7,549 | |
62 |
636,692 | -2,899 | 37,997 | - | - | - | - | |
630 |
11,677 | 12,080 | 22,508 | 4,948 | 1,663 | 244 | - | |
640/8 |
13,992 | 657 | 154 | 1,833 | 11,732 | - | - | |
66A |
10,233 | 25,340 | - | - | - | - | - | |
9901 |
41,910 | 63,132 | -80,272 | 43,073 | 2,355 | -0 | 7,549 | |
75/76B |
1 | 15 | 52 | 13 | 0 | 69 | 11 | |
75 |
1 | 15 | 52 | 13 | 0 | 69 | 11 | |
65/66B |
2,790 | 609 | 289 | 89 | 81 | 68 | 46 | |
65 |
2,790 | 609 | 289 | 89 | 81 | 68 | 46 | |
9903 |
39,121 | 62,538 | -80,509 | 42,998 | 2,274 | - | 7,515 | |
67/77 |
5,208 | - | 116 | 9,338 | 316 | - | 1,529 | |
9904 |
33,913 | 62,538 | -80,625 | 33,660 | 1,958 | - | 5,986 | |
9905 |
33,913 | 62,538 | -80,625 | 33,660 | 1,958 | - | 5,986 | |
| Appropriation of the result | ||||||||
9906 |
45,472 | 11,559 | -50,979 | 39,646 | 7,944 | 5,986 | 5,986 | |
14P |
11,559 | -50,979 | 29,646 | 5,986 | 5,986 | - | - | |
691/2 |
- | - | - | 10,000 | 1,958 | - | - | |
6921 |
- | - | - | 10,000 | 1,958 | - | - | |
| Social balance sheet | ||||||||
9087 |
- | - | 1 | - | - | - | - | |
Hours worked1013 |
- | - | 912 | - | - | - | - | |
| Document | ||||||||
The notes to these accounts have 11 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 2025 at the NBB, filed on 31-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00486566.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-08-2026 | 2026-00486566 | |
| 31-12-2024 | micro format | 25-08-2025 | 2025-00406515 | |
| 31-12-2023 | micro format | 25-07-2024 | 2024-00318317 | |
| 31-12-2022 | micro format | 28-08-2023 | 2023-00384677 | |
| 31-12-2021 | micro format | 26-08-2022 | 2022-20330945 | |
| 31-12-2020 | micro format | 26-11-2021 | 2021-78900091 | |
| 31-12-2019 | micro format | 27-08-2020 | 2020-46100062 |
Subsidies and aid
Flemish government 2024, 1 entry, €2,670 awarded, €2,670 paid
European Union 2021 to 2024, 15 entries, €3.0m in total
| Year | Entries | Awarded |
|---|---|---|
| 2024 | 2 | €0.2m |
| 2023 | 2 | €0.4m |
| 2022 | 7 | €1.6m |
| 2021 | 4 | €0.9m |
European research 13 projects, €3.9m EU contribution
Projects
- Agentic Reasoning for the Generative AI-Enabled Cognitive ContinuumHorizon Europe, participant, 01-06-2026 to 31-05-2029, €549,750, ARGENTIC
- A Holistic Approach to Sustainable, Digital EU Agriculture, Forestry, Livestock and Rural Development based on Reconfigurable Aerial Enablers and Edge Artificial Intelligence-on-Demand Systems.Horizon Europe, participant, 01-07-2022 to 30-06-2025, €394,875, CHAMELEON
- A Holistic Fire Management Ecosystem for Prevention, Detection and Restoration of Environmental DisastersHorizon 2020, participant, 01-12-2021 to 31-05-2025, €378,328, TREEADS
- Artificial intelligence-based Parkinson’s disease risk assessment and prognosisHorizon Europe, participant, 01-07-2023 to 30-06-2027, €366,326, AI-PROGNOSIS
- An Interactive, Collaborative Digital Gamification Approach to Effective Experiential Training and Prediction of Criminal ActionsHorizon 2020, participant, 01-09-2021 to 31-08-2024, €363,875, LAW-GAME
- Digital Technologies ActiNg as a Gatekeeper to information and data flOwsHorizon Europe, participant, 01-09-2022 to 31-08-2025, €316,208, TANGO
- Strategies and Technologies for United and Resilient Critical Infrastructures and Vital Services in Pandemic-Stricken EuropeHorizon Europe, participant, 01-10-2022 to 30-09-2025, €295,750, SUNRISE
- Reliable biomeTric tEchNologies to asSist Police authorities in cOmbating terrorism and oRganized crimeHorizon Europe, participant, 01-01-2023 to 31-12-2025, €285,250, TENSOR
- Unobtrusive Technologies for Secure and Seamless Border Crossing for Travel FacilitationHorizon Europe, participant, 01-01-2023 to 31-12-2025, €275,056, ODYSSEUS
- Community-driven Healthcare Access and Mental Health Promotion for Inclusive, Equitable, and Resilient European SocietiesHorizon Europe, participant, 01-01-2025 to 31-12-2028, €241,563, EQUICARES
- Demonstration of intelligent decision support for pandemic crisis prediction and management within and across European bordersHorizon 2020, participant, 01-09-2020 to 28-02-2023, €213,500, STAMINA
- A multimodal AI-based toolbox and an interoperable health imaging repository for the empowerment of imaging analysis related to the diagnosis, prediction and follow-up of cancerHorizon 2020, participant, 01-10-2020 to 31-03-2024, €202,500, INCISIVE
- Virtual Innovative Learning Laboratories for Global Engineering Education (VILLAGE)Horizon Europe, participant, 01-03-2023 to 28-02-2027, €64,400, VILLAGE
- DRYADS - A HOLISTIC FIRE MANAGEMENT ECOSYSTEM FOR PREVENTION, DETECTION AND RESTORATION OF ENVIRONMENTAL DISASTERSHorizon Europe, 01-12-2021 to 31-05-2025, €329,868
- PLOUTOS - COOPERATION FOR ACHIEVING THIRD COUNTRY NATIONALS' FINANCIAL INDEPENDENCE THROUGH FINANCIAL LITERACY TOOLS AND ENTREPREUNERSHIP BOOTCAMPSOther Community measures in favour of the partner countries of Eastern Europe and Central Asia and the countries of the Western Balkans, 01-02-2022 to 31-01-2025, €168,044
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 53,586 | 75,212 | -57,764 | 48,021 | 4,018 | 243 | - | ||
| 45,590 | 74,617 | -58,117 | 38,608 | 3,621 | - | - | ||
| 101,414 | 9,661 | 70,178 | 17,090 | 14,521 | 5,674 | - | ||
| 731,276 | -384,944 | 97,450 | 255,524 | 41,415 | 118,488 | - | ||
| 1.2m | 32,582 | -108,282 | 20,013 | -4,145 | 6,755 | 12,186 | ||
| 63.6% | 2.4% | -1.8% | 3.0% | 1.7% | 8.3% | 88.8% | ||
| 4.74 | 1.03 | 0.94 | 1.01 | 0.99 | 1.05 | 8.97 | ||
| 0.57 | 40.12 | - | 32.06 | 56.50 | 10.98 | 0.13 | ||
| 3.2% | 210.4% | - | 70.4% | 13.8% | - | 49.1% | ||
| 2.0% | 5.1% | -4.4% | 2.1% | 0.2% | - | 43.6% | ||
| 19.21 | over 100 | -199.99 | over 100 | 49.31 | - | - |
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.
Social balance sheet
| Item | 31-12-2023 |
|---|---|
| Employees at the balance-sheet date | 1 |
| full-time | 1 |
| in full-time equivalents | 1 |
| 1 | |
| On a permanent contract | 1 |
| Joined | 1 |
| Left | 1 |
Source: social balance sheet in the 2023 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €36,414 | €7,536 | €70,178 | €17,090 | €11,881 |
| Intangible fixed assets | €65,000 | - | - | - | - |
| Financial fixed assets | - | €2,125 | - | - | €2,640 |
| €11,677 | €12,080 | €22,508 | €4,948 | €1,663 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on Squaredev
The operating result for 2025 is 34% lower than in 2024.
Debt's share of the balance-sheet total falls from 97.6% to 36.4%. Equity is higher and debt is lower.
Large changes and their cause
- 2025 Equity +3,479% on 2024. Capital increase of €1,000,000 (Official Gazette 24-10-2025).