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SQUARO TECHNICS

Active
Private limited companyfounded 1983active for 43 yearsBusingenstraat 63, 1750 Lennik, BelgiumKBO/BCE: BE 0423.926.721
Summary

The computed 12-month bankruptcy probability of SQUARO TECHNICS is 2.1% (moderate). The 2024 annual accounts show equity of €100,941 and a net result of -€3,504. Equity remains stable across the filed financial years (±1.7% per year). Its solvency ranks better than 90% of 35,978 sector peers (NACE 43, financial year 2024). The company has been active since 1983 and the Belgian Official Gazette contains no insolvency or warning signals.

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SQUARO TECHNICSActiveChecked score 53/100
Risk analysis ReportCompare

Overview

Activity
Roofing work
NACE 43410Painting of buildings NACE 43341
4th oldest company in Lennik, Construction sector1 site
Size
€118,824total assets 2024
Staff
1.6 FTE
Equity
€100,941
Loss
-€3,504
Turnover not published (micro format)
Financial health
53 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
2.1%
Structure
Accounts 74 days overdue0 of 10 deeds read
Why 53raises riskFigures for financial year 2024 (filed 04-11-2025)Sector: Specialised construction activities (NACE 43)1 financial year not filed after the legal deadline; latest accounts 91 days late; 3 of the last 3 latelowers riskFounded in 1983Show the evidence

Checked score

Score 2024
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 45% of its sector peers (NACE 43, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Strong
Solvency 100+1
equity 85.0% of total assets
Liquidity 51+8
short-term debt 15.0% · cash 2.9%
Profitability 30-44
return on assets -2.9%
Bankruptcy probability, 12 months
2.1% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,550 companies, NACE 43, micro)
Last 24 months 11-2024: 1.1% 12-2024: 1.1%● unchanged vs 11-2024 01-2025: 1.1%● unchanged vs 12-2024 02-2025: 1.1%● unchanged vs 01-2025 03-2025: 1.1%● unchanged vs 02-2025 04-2025: 1.1%● unchanged vs 03-2025 05-2025: 1.1%● unchanged vs 04-2025 06-2025: 1.1%● unchanged vs 05-2025lowest value 07-2025: 1.3%▲ +0.2 percentage points vs 06-2025 08-2025: 1.7%▲ +0.4 percentage points vs 07-2025 09-2025: 1.9%▲ +0.2 percentage points vs 08-2025 10-2025: 2.3%▲ +0.4 percentage points vs 09-2025 11-2025: 2.3%● unchanged vs 10-2025highest value 12-2025: 1.3%▼ -1.0 percentage point vs 11-2025 01-2026: 1.3%● unchanged vs 12-2025 02-2026: 1.3%● unchanged vs 01-2026 03-2026: 1.3%● unchanged vs 02-2026 04-2026: 1.3%● unchanged vs 03-2026 05-2026: 1.2%▼ -0.1 percentage points vs 04-2026 06-2026: 1.2%● unchanged vs 05-2026 07-2026: 1.2%● unchanged vs 06-2026 08-2026: 1.5%▲ +0.3 percentage points vs 07-2026 09-2026: 1.7%▲ +0.2 percentage points vs 08-2026 10-2026: 2.1%▲ +0.4 percentage points vs 09-2026
Credit of up to €5,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity ample (current ratio 3.97, compared with 2.67 in 2023, above the usual 1.5; short-term debt: 15% and cash: 2.9% of total assets), and 15% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 (NACE 43, micro): better than 90% on solvency, 45% on liquidity, 16% on profitability and 30% on growth.

The bankruptcy probability was computed on 12-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises risk
lowers risk · Founded in 1983
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Figures for financial year 2024 (filed 04-11-2025)
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · 1 financial year not filed after the legal deadline; latest accounts 91 days late; 3 of the last 3 late
NBB · filings
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 74 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline13-10-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-10-2025, 91 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
91 days late
2023
70 days late
2022
61 days late
2021
68 days late
2020
88 days late
2019
110 days 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 81 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. Annual accounts filedfinancial year 2023 · micro…
  3. Back to profitnet €6,280

Key points

  • Caution: Accounts not fileddeadline was 31-07-2026 74 days late View
  • Positive: Among the best 10% on solvencysector median 46.6% · 35,978 companies 85.0% View
  • Active since 1983founded 28-03-1983 43 years View

By topic

Financials

Financial year
2024
Total assets
€118,824
Loss
-€3,504
Solvency
85.0%
Total assets▼ 16.1%
Net result
20182024
Go to Financials

Timeline

Events
47
Since
1984
  1. 31-12-2023Equity above €100,000
  2. 30-09-2023Annual accounts filed
  3. 07-10-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Roofing workNACE 43410
Founded
28-03-1983
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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