SquareIT
ActiveSummary
SquareIT has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €56,223 and a net result of €79,465. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 32% of 20783 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency68▲+27
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity tight (current ratio 1.35 against 1.15 in 2023; short-term debt: 56.7% and cash: 52.3% of total assets), and 56.8% of the assets are financed with debt.
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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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 29-07-2025, 2 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
2 d early
2023
20 d late
2022
24 d early
2021
31 d early
2020
26 d early
2019
5 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 10 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€56,223▲ 395%
2023 · €11,357
Total assets
€130,094▲ 78.7%
2023 · €72,812
Net result
€79,465▲ 40.6%
2023 · €56,504
Working capital
€25,906▲ 184%
2023 · €9,120
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
Line20202021202220232024
Operating result€28,414▼ 60.6%€46,937▲ 65.2%€65,961▲ 40.5%€72,246▲ 9.5%€102,848▲ 42.4%
Net result€21,890▼ 61.3%€36,502▲ 66.8%€51,321▲ 40.6%€56,504▲ 10.1%€79,465▲ 40.6%
Equity€90,829▲ 31.8%€133,531▲ 47.0%€184,853▲ 38.4%€11,357▼ 93.9%€56,223▲ 395%
Total assets€137,059▲ 30.4%€158,451▲ 15.6%€231,994▲ 46.4%€72,812▼ 68.6%€130,094▲ 78.7%
Debt€46,230▲ 27.7%€24,920▼ 46.1%€47,141▲ 89.2%€61,455▲ 30.4%€73,871▲ 20.2%
Working capital€90,184▲ 31.5%€130,487▲ 44.7%€182,508▲ 39.9%€9,120▼ 95.0%€25,906▲ 184%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2023 Equity -94%, Total assets -69% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 42% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €130,094
Fixed assets
€30,382 ▲ 1,671%
Current assets
€99,712 ▲ 42.0%
Equity and liabilities €130,094
Equity
€56,223 ▲ 395%
Debt
€73,871 ▲ 20.2%
Debt's share of the balance-sheet total falls from 84.4% to 56.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€111,590▲
2023 · €72,990
Cash flow
€88,207▲
2023 · €57,248
Current ratio
1.35▲
2023 · 1.15
Debt to equity
1.31▼
2023 · 5.41
ROE
141.3%▼
2023 · 497.5%
ROA
61.1%▼
2023 · 77.6%
Interest coverage
797.07▲
2023 · 525.11
Debt ≤ 1 year
€73,806▲
2023 · €61,091
Income taxes
€23,243▲
2023 · €15,603
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,964 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €661 | €1,049 | €692 | €744 | €8,742 | ▲ 1,075% |
| Other operating charges640/8 | - | €704 | €643 | €809 | €1,471 | ▲ 81.8% |
| Gross operating margin9900 | €29,294 | €48,690 | €67,296 | €73,799 | €113,061 | ▲ 53.2% |
| Operating profit (loss)9901 | €28,414 | €46,937 | €65,961 | €72,246 | €102,848 | ▲ 42.4% |
| Financial charges65/66B | - | €128 | €139 | €139 | €140 | ▲ 0.7% |
| Recurring financial charges65 | - | €128 | €139 | €139 | €140 | ▲ 0.7% |
| Profit (loss) for the period before taxes9903 | €28,414 | €46,809 | €65,822 | €72,107 | €102,708 | ▲ 42.4% |
| Income taxes67/77 | €6,524 | €10,307 | €14,501 | €15,603 | €23,243 | ▲ 49.0% |
| Profit (loss) for the period9904 | €21,890 | €36,502 | €51,321 | €56,504 | €79,465 | ▲ 40.6% |
| Profit (loss) for the period to be appropriated9905 | €21,890 | €36,502 | €51,321 | €56,504 | €79,465 | ▲ 40.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €137,059 | €158,451 | €231,994 | €72,812 | €130,094 | ▲ 78.7% |
| Formation expenses20 | - | - | - | €885 | - | - |
| Fixed assets21/28 | €689 | €3,101 | €2,409 | €1,716 | €30,382 | ▲ 1,671% |
| Tangible fixed assets22/27 | €551 | €2,963 | €2,271 | €1,578 | €30,244 | ▲ 1,817% |
| Furniture and vehicles24 | - | €2,963 | €2,271 | €1,578 | €30,244 | ▲ 1,817% |
| Financial fixed assets28 | €138 | €138 | €138 | €138 | €138 | = |
| Current assets29/58 | €136,370 | €155,350 | €229,585 | €70,211 | €99,712 | ▲ 42.0% |
| Amounts receivable within one year40/41 | €15,560 | - | €11,900 | €39,105 | €31,272 | ▼ 20.0% |
| Trade receivables40 | - | - | €11,900 | €33,733 | €25,901 | ▼ 23.2% |
| Other amounts receivable41 | - | - | - | €5,372 | €5,371 | = |
| Cash at bank and in hand54/58 | €120,249 | €154,825 | €217,325 | €30,369 | €68,055 | ▲ 124% |
| Deferred charges and accrued income490/1 | - | €525 | €360 | €737 | €385 | ▼ 47.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €137,059 | €158,451 | €231,994 | €72,812 | €130,094 | ▲ 78.7% |
| Equity10/15 | €90,829 | €133,531 | €184,853 | €11,357 | €56,223 | ▲ 395% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €4,000 | ▼ 78.5% |
| Profit (loss) carried forward14 | €78,429 | €114,931 | €166,253 | -€7,243 | €52,223 | ▲ 821% |
| Amounts payable17/49 | €46,230 | €24,920 | €47,141 | €61,455 | €73,871 | ▲ 20.2% |
| Amounts payable within one year42/48 | €46,186 | €24,863 | €47,077 | €61,091 | €73,806 | ▲ 20.8% |
| Trade debts44 | €1,128 | €837 | €12,026 | €39,783 | €19,994 | ▼ 49.7% |
| Suppliers440/4 | - | €837 | €12,026 | €39,783 | €19,994 | ▼ 49.7% |
| Taxes, remuneration and social security45 | - | €9,725 | €16,368 | €14,074 | €25,576 | ▲ 81.7% |
| Taxes450/3 | - | €9,725 | €16,368 | €11,598 | €25,576 | ▲ 121% |
| Remuneration and social security454/9 | - | - | - | €2,476 | - | - |
| Other amounts payable47/48 | - | €14,301 | €18,683 | €7,234 | €28,236 | ▲ 290% |
| Accrued charges and deferred income492/3 | - | €57 | €64 | €364 | €65 | ▼ 82.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,890 | €36,502 | €51,321 | €56,504 | €79,465 | ▲ 40.6% |
| + Depreciation and write-downs630 | €661 | €1,049 | €692 | €744 | €8,742 | ▲ 1,075% |
| Operating cash flow (approximation) | €22,551 | €37,551 | €52,013 | €57,248 | €88,207 | ▲ 54.1% |
| Investment in fixed assets (approximation) | - | -€3,461 | €0 | -€51 | -€37,408 | ▼ 73,249% |
| Change in cash | - | €34,576 | €62,500 | -€186,956 | €37,686 | ▲ 120% |
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
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €79,465 ▲40.6%
Operating result €102,848, net result €79,465, both a record.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150,000Eq €184,853 ▲38.4%
4 profitable years in a row build equity to €184,853.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 6.25
Current ratio from 2.95 to 6.25; short-term debt falls from €46,186 to €24,863.
31-12
Financial
Equity above €100,000Eq €133,531 ▲47%
3 profitable years in a row build equity to €133,531.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €21,890 ▼61.3%
Net result drops to €21,890, the lowest in the series; recovery starts the following year.
05-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Brussel · 1 establishment unit since 2018
Ground area
4,653 m²
Building footprint
2,861 m²
Volume, LiDAR
80,518 m³
Parcel 21805E0475/00F000, Brussels · tallest building 34.5 m, ±9 floors. Linked by address, not a title deed.
355
companies at this address
See who is registered here
1 establishment unit
SquareIT
since 20182.281.895.405
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0475/00F000 | Brussels | 4,653 m² | 1 · 2,861 m² | 34.5 m · 9 fl. |
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.
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Of 16,910 companies in sector 62100 we hold annual accounts for 8,778. 6,879 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-11-2018
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0713417083
Registered
26-05-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.