6 directorsName hiddenVisible after signing in and 5 others
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Gross margin from €98,310 to €714,504Result from €62,538 to €33,913Capital increase of €1,000,00024-10New director17-06Equity from €29,717 to €1.1mDebts from €1.2m to €608,766
The higher the Checked score (0 to 100), the smaller the chance that the company goes bankrupt within twelve months. That chance sets the band, from Critical to Excellent, and within the band how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
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Bankruptcy probability within 12 months
Bankruptcy probability
It is the chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. At 0.2%, about 2 in 1,000 comparable companies go bankrupt. The higher it is, the shorter the payment term to agree.
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Financial strength
Financial strength
Financial strength measures the balance sheet and the results with three figures out of 100 from the latest annual accounts: solvency, liquidity and profitability. It does not directly set the Checked score's band. How the company does against its sector peers on these and on growth does count for its place within the band.
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Score breakdown
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Comparable companies, two years later
In July 2024, 1,638 companies had the same profile as Squaredev has now. Each dot stands for 5 companies, two years later.
95.5%
were still trading
3.7%
stopped another way
0.5%
went bankrupt
Small
5 to 10 years old
solvency 30% or more
a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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.
The companies in ten equal groups, from the lowest to the highest expected share
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
2.9%
3.1%
10
5.6%
6.1%
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 1,638 companies, not a prediction for Squaredev. 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.
Credit verdict
Credit verdict
The credit verdict says how much credit you can give the company on open account. “Acceptable” means normal terms, “With conditions” means limiting the amount or the term. “Not advised” means asking for payment up front.
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Credit check for an amount and term of your choice
Capital increase of €1,000,000
Resignations: Name hiddenVisible after signing in (statutory director) and Hidden nameVisible after signing in (director) · Appointments: Name after signing inVisible after signing in, Name hiddenVisible after signing in and Hidden nameVisible after signing in · General meeting of 09-10-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0708967159
New directorName after signing inVisible after signing in appointed, Name hiddenVisible after signing in resigned · Permanent representatives: Hidden nameVisible after signing in and Name after signing inVisible after signing in · Director discharge: Name hiddenVisible after signing in · General meeting of 28-03-2025 · Gazette deed
1 director appointed, 1 resignation
Resignation: Hidden nameVisible after signing in · Appointment: Name after signing inVisible after signing in · Permanent representative: Name hiddenVisible after signing in · General meeting of 06-10-2022 · Gazette deed
Sector peers are the companies with the same activity (NACE code) and, where stated, the same size, that the company is compared with. A percentile says how many of them do worse.
These companies have the same main activity as Squaredev: computer programming (NACE 62100). They are comparable in size and age: total assets between €1.4m and €1.9m, founded between 2018 and 2019.
abbreviated format, filed on 31-08-2026, 31 days late
Abbreviated and micro format
Small companies may file abbreviated or micro-format accounts. They often leave out revenue and other detail. The law allows it, so it is not missing data.
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 31-12-2025
What the company ownsHow it is paid for
in €m
in euro
Position in the sector
Sector peers
Sector peers are the companies with the same activity (NACE code) and, where stated, the same size, that the company is compared with. A percentile says how many of them do worse.
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.
A company files its annual accounts with the National Bank no later than seven months after its financial year ends. Repeated late filing is a warning sign.
each dot is a set of accounts, on the day it reached the National Bank
2025 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.
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
Social balance sheet
The social balance sheet is the part of the annual accounts about staff: how many people work there, on which contract, who joined and who left, and what they cost. It shows whether an employer is growing or shrinking.
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
Investment
Investment is what the company bought in the financial year in buildings, machinery, software and other fixed assets. Above depreciation, it is building up. Years below it, it is living off what it has.
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
2025Equity +3,479% on 2024.Capital increase of €1,000,000 (Official Gazette 24-10-2025).
Board & ownership
Board
Directors
Many board changes in a short time are a reason to keep a close eye on the company.
6 directors, 1 in day-to-day management, 1 auditor, no change since 2025
Name hiddenVisible after signing in
Director (not named in the articles) and day-to-day manager, permanent representative Hidden nameVisible after signing in
appointed by deed of 17-06-2025term without a fixed end
Each bar is one period in a role, from appointment to resignation or to today. An open left edge means the mandate began before its first mention. An open right edge means the mandate ended without a stated end date.
10 names, the dashed line is today
20182019202020212022202320242025202620272028
Name after signing inVisible after signing in Statutory director
Name hiddenVisible after signing in Statutory director
Hidden nameVisible after signing in Director (not named in the articles), Day-to-day manager
Name after signing inVisible after signing in Statutory director
Name hiddenVisible after signing in Statutory director
Hidden nameVisible after signing in Statutory director
Name after signing inVisible after signing in Statutory auditor
Name hiddenVisible after signing in Director
Hidden nameVisible after signing in Statutory director
Name after signing inVisible after signing in Director
LeadershipBoardEarliermandate already running before its first mentionend not dated
Mandates as a list
Name hiddenVisible after signing in
Manager (not named in the articles), appointed by deed of 16-10-2018, until 05-10-2020
Statutory director, since before 05-10-2020
Hidden nameVisible after signing in
Manager (not named in the articles), appointed by deed of 16-10-2018, until 05-10-2020
Statutory director, since before 05-10-2020
Name after signing inVisible after signing in
Director (not named in the articles), since before 31-12-2024
Day-to-day manager, appointed by deed of 17-06-2025, still in office
Name hiddenVisible after signing in
Statutory director, appointed by deed of 24-10-2025, still in office
Hidden nameVisible after signing in
Statutory director, appointed by deed of 24-10-2025, still in office
Name after signing inVisible after signing in
Statutory director, appointed by deed of 24-10-2025, still in office
Name hiddenVisible after signing in
Statutory auditor, since before 31-12-2025
Hidden nameVisible after signing in
Director, until 24-10-2025
Name after signing inVisible after signing in
Manager (not named in the articles), appointed by deed of 16-10-2018, until 05-10-2020
Statutory director, from before 05-10-2020 to 06-10-2022
Statutory director, until 24-10-2025
Name hiddenVisible after signing in
Director, from 18-09-2020 to 07-04-2025
Director, appointed by deed of 20-12-2022, no longer listed in the 2025 annual accounts
Squaredev is linked to other companies through directors or shares. Look especially for linked companies in trouble.
6 current directors
Depth
The network lets you explore the ties of Squaredev.
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Timeline
19 events since 2018
Board
Capital
Filings
Financial
Establishments
Address
20182020202220242026
Deadline for the 2026 accounts:
31-07-2027
2026
Annual accounts 2025 filedNBB ↗abbreviated format · 31 days late
2025
Liquidity more than quadruplescurrent ratio 4.74 The current ratio rises from 1.03 to 4.74. Short-term debt falls from €1.2m to €329,939.
Equity above €1mequity €1.1m ▲3,479% After 2 profitable years in a row, equity reaches €1.1m.
Capital increase of €1,000,000Resignations: Hidden nameVisible after signing in (statutory director) and Name after signing inVisible after signing in (director) · Appointments: Name hiddenVisible after signing in, Hidden nameVisible after signing in and Name after signing inVisible after signing in · General meeting of 09-10-20258 points ▸
General meeting, 09-10-2025
Director resignation, Name hiddenVisible after signing in (statutory director)
Director resignation, Hidden nameVisible after signing in
Director appointment, Name after signing inVisible after signing in (statutory director)
Director appointment, Name hiddenVisible after signing in (statutory director)
Director appointment, Hidden nameVisible after signing in (statutory director)
Power of attorney, Name after signing inVisible after signing in
Annual accounts 2024 filedPDFmicro format · 25 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:0708967159
New directorName hiddenVisible after signing in appointed, Hidden nameVisible after signing in resigned · Permanent representatives: Name after signing inVisible after signing in and Name hiddenVisible after signing in · Director discharge: Hidden nameVisible after signing in · General meeting of 28-03-20259 points ▸
General meeting, 28-03-2025
Director resignation, Name after signing inVisible after signing in (director (not named in the articles))
Director discharge, Name hiddenVisible after signing in
Permanent representative, Hidden nameVisible after signing in
Director appointment, Name after signing inVisible after signing in (director (not named in the articles))
Permanent representative, Name hiddenVisible after signing in
Board meeting, 27-03-2025
Director resignation, Hidden nameVisible after signing in (day-to-day manager)
Director appointment, Name after signing inVisible after signing in (day-to-day manager)
Back to profitnet €62,538 The net result is €62,538, after one loss-making year.
Annual accounts 2023 filedPDFmicro format · 6 days before the deadline
2023
Weakest financial yearnet -€80,625 The net result drops to -€80,625, the lowest from 2019 to 2025. It recovers the following year.
Annual accounts 2022 filedPDFmicro format · 28 days late
2022
1 director appointed, 1 resignationResignation: Name hiddenVisible after signing in · Appointment: Hidden nameVisible after signing in · Permanent representative: Name after signing inVisible after signing in · General meeting of 06-10-20225 points ▸
General meeting, 06-10-2022
Director resignation, Name hiddenVisible after signing in
Director discharge, Hidden nameVisible after signing in
Director appointment, Name after signing inVisible after signing in
Permanent representative, Name hiddenVisible after signing in
3 directors resigning, 3 reappointmentsResignations: Hidden nameVisible after signing in, Name after signing inVisible after signing in and Name hiddenVisible after signing in · Reappointments: Hidden nameVisible after signing in, Name after signing inVisible after signing in and Name hiddenVisible after signing in · General meeting of 18-09-202010 points ▸
General meeting, 18-09-2020
Director resignation, Hidden nameVisible after signing in
Director resignation, Name after signing inVisible after signing in
Director resignation, Name hiddenVisible after signing in
Director reappointment, Hidden nameVisible after signing in (statutory director)
Director reappointment, Name after signing inVisible after signing in (statutory director)
Director reappointment, Name hiddenVisible after signing in (statutory director)
Board composition, Hidden nameVisible after signing in (statutory director)
Board composition, Name after signing inVisible after signing in (statutory director)
Board composition, Name hiddenVisible after signing in (statutory director)
Annual accounts 2019 filedPDFmicro format · 27 days late
2018
IncorporationFounding capital of €18,600, 300 shares, €6,200 paid up · Founders: Hidden nameVisible after signing in (comparant), Name after signing inVisible after signing in (comparant), Name hiddenVisible after signing in (comparant) and 2 others · Appointments: Hidden nameVisible after signing in, Name after signing inVisible after signing in and Name hiddenVisible after signing in · published on 16-10-201810 points ▸
Board rule, 3
Director appointment, Hidden nameVisible after signing in (manager (not named in the articles))
Director appointment, Name after signing inVisible after signing in (manager (not named in the articles))
Director appointment, Name hiddenVisible after signing in (manager (not named in the articles))
Founder, Hidden nameVisible after signing in (comparant)
Founder, Name after signing inVisible after signing in (comparant)
Founder, Name hiddenVisible after signing in (comparant)
Founder, Hidden nameVisible after signing in (comparant)
Founder, Name after signing inVisible after signing in (comparant)
Each sentence rests on a document from the KBO register, the Belgian Official Gazette or the National Bank. The number after the sentence opens that document.
On 12 October 2018, Squaredev was incorporated by five natural persons, with a starting capital of €18,600.12In 2025 the capital was increased by €1.0m.3Today the board has 6 members.4Total assets went from €13,715 in 2019 to €1.7m in 2025.5
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
62010Computer programming, consultancy and related activities main activity
62020IT consultancy
PurposeThe purpose describes the activities the company may carry out under its articles.
“Het ontwikkelen en het verkopen van software en hardware oplossingen voor personen en organisaties,evenals het verstrekken van advies en…”
7 activities
Het ontwikkelen en het verkopen van software en hardware oplossingen voor personen en organisaties,evenals het verstrekken van advies en diensten omtrent deze,de installatie en het gebruik ervan
Het uitdenken en bouwen van softwarelogica en bijhorende hardware
De creatie,ontwikkeling,verbetering,vormgeving,update,installatie,ver- en/of aankoop,distributie,commercialisering,programmering en support/onderhoud van websites,web portals,webdesign,webapplicaties allerhande,lay-outs,logo’s,grafisch beeldmateriaal,publiciteit en databestanden
Hosting van websites;dit alles zowel inzake hardware als software,van eigen ontwikkeling of voor derden
Het verstrekken van IT management diensten en consultancy aan derden
Groot- en kleinhandel van elektronica,telecom apparatuur,computer hard- en software,licenties,onderdelen en toebehoren evenals van telecommunicatie-apparatuur
Het verstrekken van management advies,en het uitvoeren van consultancy opdrachten voor derden in de ruimste zin van het woord