SQUAREFISH
ActiveSQUAREFISH has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €354k and a net result of €31k. Equity is growing by ~31.6% per year across the filed fiscal years. Its solvency ranks better than 75% of 345 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
69
/ 100
Healthy▲ +36 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability43▲+43
Solvency69▲+19
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity short (current ratio 0.65 against 0.19 in 2023), and 36.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 59
Relative position
BE, all sectors
reference
Sector 59
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-06-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
43 d early
2023
23 d late
2022
32 d early
2021
9 d early
2020
138 d early
2019
25 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€31k
2023 · €-23k
2018: €-125k
2019: €31k
2020: €10k
2021: €21k
2022: €-203
2023: €-23k
2018 → 2024
Working capital
€-68k▲ 73.6%
2023 · €-256k
2018: €-6k
2019: €40k
2020: €113k
2021: €-12k
2022: €12k
2023: €-256k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€128k-€218k▲ 70.8%€286k▲ 31.0%€227k▼ 20.7%€354k▲ 56.3%
Operating result€16k-€27k▲ 74.2%€7k▼ 75.5%€-13k€38k
Net result€10k-€21k▲ 111%€-203€-23k▼ 11,018%€31k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €38k after a loss of €13k in 2023, the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €556k
Fixed assets
€431k▼ 15.7%
Current assets
€125k▲ 108%
Equity and liabilities €556k
Equity
€354k▲ 56.3%
Debt
€202k▼ 41.5%
The debt ratio falls from 60.3% to 36.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€191k▲
2023 · €100k
Cash flow
€184k▲
2023 · €90k
Solvency
63.7%▲
2023 · 39.7%
Current ratio
0.65▲
2023 · 0.19
Quick ratio
0.65▲
2023 · 0.19
Debt / equity
0.57▼
2023 · 1.52
ROE
8.6%▲
2023 · -10.0%
ROA
5.5%▲
2023 · -3.9%
Interest coverage
24.21▲
2023 · 9.43
Debt
€202k▼
2023 · €345k
Debt ≤ 1 year
€192k▼
2023 · €316k
Debt > 1 year
€9k▼
2023 · €29k
Staff costs
€169k▼
2023 · €690k
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€572k€556k▼
Fixed assets21/28€512k€431k▼
Intangible fixed assets21€485k€401k▼
Tangible fixed assets22/27-€3k
Furniture and vehicles24-€3k
Financial fixed assets28€27k€27k=
Current assets29/58€60k€125k▲
Amounts receivable within one year40/41€56k€70k▲
Trade receivables40€51k€64k▲
Other amounts receivable41€5k€6k▲
Cash at bank and in hand54/58€3k€55k▲
Equity and liabilities
Total equity and liabilities10/49€572k€556k▼
Equity10/15€227k€354k▲
Contributions10/11€6k€6k=
Reserves13€21k€21k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€19k€19k=
Profit (loss) carried forward14€-52k€-21k▲
Investment grants15€252k€349k▲
Amounts payable17/49€345k€202k▼
Amounts payable after more than one year17€29k€9k▼
Other amounts payable178/9€29k€9k▼
Amounts payable within one year42/48€316k€192k▼
Current portion of amounts payable after more than one year42€50k€47k▼
Financial debts43€73k-
Other loans439€73k-
Trade debts44€71k€54k▼
Suppliers440/4€71k€54k▼
Taxes, remuneration and social security45€120k€90k▼
Taxes450/3€48k€15k▼
Remuneration and social security454/9€72k€75k▲
Other amounts payable47/48€2k€1k▼
Income statement
Code20232024
Remuneration, social security and pensions62€690k€169k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€113k€153k▲
Other operating charges640/8€656€673▲
Gross operating margin9900€791k€361k▼
Operating profit (loss)9901€-13k€38k▲
Financial income75/76B€723€57▼
Recurring financial income75€723€57▼
Financial charges65/66B€11k€8k▼
Recurring financial charges65€11k€8k▼
Profit (loss) for the period before taxes9903€-23k€31k▲
Profit (loss) for the period9904€-23k€31k▲
Profit (loss) for the period to be appropriated9905€-23k€31k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-52k€-21k▲
Profit (loss) brought forward from the previous period14P€-29k€-52k▼
Social balance
Average headcount (FTE)908713.03.0▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €31k
Net result €31k after 2 loss-making years.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 23 days late
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €200kEq €218k ▲70.8%
3 profitable years in a row build equity to €218k.
15-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €128k
2 profitable years in a row build equity to €128k.
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €31k
Net result €31k after one loss-making year.
07-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
04-07
NBB filing
Annual accounts filed
fiscal year 2015 · full 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, Sint-Jans-Molenbeek · 1 establishment unit since 2015
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.
Adolphe Lavalléestraat 391080 Sint-Jans-MolenbeekGround area
6,035 m²
Building footprint
602 m²
Volume, LiDAR
4,260 m³
2 parcels, Brussels · tallest building 14.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
SQUAREFISH
since 20152.240.836.392
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21012A0210/00N005 | Brussels | 4,891 m² | 1 · 93 m² | 14.4 m · 4 fl. |
| 21012A0209/00W004 | Brussels | 1,144 m² | 1 · 509 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Wallonia-Brussels Federation
2021 to 2024 · 7 entries · 119,500 EUR in total| Year | Entries | paid |
|---|---|---|
| 2024 | 1 | 60,000 EUR |
| 2023 | 2 | 4,000 EUR |
| 2022 | 2 | 18,500 EUR |
| 2021 | 2 | 37,000 EUR |
Budget allocations
Commission du Cinéma - Aide aux projets
Promotion et diffusion des films de la C.F., soit en Belgique, soit dans les festivals majeurs à l'étranger, via les producteurs et les distributeurs
European Union, budget
2024 · 1 entry · 39,687 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2024 | 1 | 39,687 EUR |
Projects
101139304 - EFFACE.E.S - DOCUMENTARY, ANIMATION, HISTORY
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Of 483 companies in sector 59112 we hold annual accounts for 248. 161 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-04-2015
Fiscal year end31-12
Activities, NACEBEL
59112Motion picture, video and television programme production, sound recording and music publishing activities
59113Video and film production, excluding cinema and television films
59120Post-production of films, video and television programmes
82300Organisation of conventions and trade shows
82990Other business support services
90032Arts creation and performing arts activities
90120Visual arts creation
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
5 entriesWebsite:www.suqarefish.eu
E-mail:info@squarefish.eu
Website:www.squarefish.be
E-mail:info@squarefish.be
Phone:0478/312.390