SQUIT
ActiveSQUIT has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €106k and a net result of €12k. Equity is growing by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 17022 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
93
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▼-2
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 88.27 against 16.29 in 2024; short-term debt: 1.1% and cash: 35.1% of total assets), and 1.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers 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
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
98.9%
Return on assets
10.7%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
on the day
2023
29 d early
2022
13 d early
2021
46 d early
2020
36 d early
2019
12 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€106k▼ 8.3%
2024 · €116k
2018: €37k
2019: €58k
2020: €80k
2021: €98k
2022: €109k
2023: €120k
2024: €116k
2018 → 2025
Total assets
€107k▼ 12.8%
2024 · €123k
2018: €56k
2019: €67k
2020: €90k
2021: €107k
2022: €112k
2023: €122k
2024: €123k
2018 → 2025
Net result
€12k▼ 23.1%
2024 · €15k
2018: €17k
2019: €21k
2020: €22k
2021: €18k
2022: €11k
2023: €11k
2024: €15k
2018 → 2025
Working capital
€104k▼ 7.8%
2024 · €113k
2018: €35k
2019: €53k
2020: €75k
2021: €95k
2022: €106k
2023: €116k
2024: €113k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€98k-€109k▲ 11.0%€120k▲ 10.2%€116k▼ 3.4%€106k▼ 8.3%
Operating result€28k-€17k▼ 39.5%€18k▲ 6.5%€23k▲ 28.3%€19k▼ 18.2%
Net result€18k-€11k▼ 41.3%€11k▲ 2.9%€15k▲ 35.2%€12k▼ 23.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €107k
Fixed assets
€2k▼ 29.0%
Current assets
€105k▼ 12.4%
Equity and liabilities €107k
Equity
€106k▼ 8.3%
Debt
€1k▼ 83.8%
The debt ratio falls from 6.0% to 1.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€20k▼
2024 · €24k
Cash flow
€12k▼
2024 · €16k
Solvency
98.9%▲
2024 · 94.0%
Current ratio
88.27▲
2024 · 16.29
Quick ratio
88.02▲
2024 · 16.20
Debt / equity
0.01▼
2024 · 0.06
ROE
10.9%▼
2024 · 12.9%
ROA
10.7%▼
2024 · 12.2%
Interest coverage
273.34▼
2024 · 380.66
Debt
€1k▼
2024 · €7k
Debt ≤ 1 year
€1k▼
2024 · €7k
Income taxes
€7k▼
2024 · €8k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€123k€107k▼
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€3k€2k▼
Land and buildings22€2k€2k▼
Furniture and vehicles24€1k€429▼
Current assets29/58€120k€105k▼
Stocks and contracts in progress3€656€297▼
Stocks30/36€656€297▼
Amounts receivable within one year40/41€16k€30k▲
Trade receivables40€12k€7k▼
Other amounts receivable41€3k€23k▲
Current investments50/53€44k€37k▼
Cash at bank and in hand54/58€59k€38k▼
Equity and liabilities
Total equity and liabilities10/49€123k€107k▼
Equity10/15€116k€106k▼
Contributions10/11€12k€12k=
Reserves13€102k€92k▼
Tax-exempt reserves132€2k€2k=
Distributable reserves133€100k€90k▼
Profit (loss) carried forward14€1k€1k=
Amounts payable17/49€7k€1k▼
Amounts payable within one year42/48€7k€1k▼
Trade debts44€1k€456▼
Suppliers440/4€1k€456▼
Advances received on contracts in progress46€4k-
Taxes, remuneration and social security45€1k€736▼
Taxes450/3€1k€598▼
Remuneration and social security454/9-€138
Other amounts payable47/48€259-
Income statement
Code20242025
Non-recurring operating income76A-€0
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€988€880▼
Other operating charges640/8€691€593▼
Gross operating margin9900€25k€20k▼
Operating profit (loss)9901€23k€19k▼
Financial income75/76B€68€76▲
Recurring financial income75€68€76▲
Financial charges65/66B€64€73▲
Recurring financial charges65€64€73▲
Profit (loss) for the period before taxes9903€23k€19k▼
Income taxes67/77€8k€7k▼
Profit (loss) for the period9904€15k€12k▼
Profit (loss) for the period to be appropriated9905€15k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€16k€13k▼
Profit (loss) brought forward from the previous period14P€1k€1k=
Transfer from equity791/2€19k€21k▲
Transfer to equity691/2€15k€12k▼
To other reserves6921€15k€12k▼
Profit to be distributed694/7€19k€21k▲
Return on contributions (dividend)694€19k€21k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Liquidity times 5current ratio 88.27
Current ratio from 16.29 to 88.27; short-term debt falls from €7k to €1k.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €11k ▼41.3%
Net result drops to €11k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 30.21
Current ratio from 11.12 to 30.21; short-term debt falls from €9k to €4k.
31-12
Financial
Equity above €100kEq €109k ▲11%
5 profitable years in a row build equity to €109k.
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €22k ▲2.5%
Net result €22k, the highest in the series.
19-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity doublescurrent ratio 6.98
Current ratio from 2.85 to 6.98; short-term debt falls from €19k to €9k.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro 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, Kortrijk · 1 establishment unit since 2005
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.
Min. Vanden Peereboomlaan(Kor) 428500 KortrijkGround area
258 m²
Building footprint
87 m²
Volume, LiDAR
814 m³
Parcel 34022E0543/00X003, Flanders · tallest building 14.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
SQUIT
since 20052.217.065.850
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022E0543/00X003 | Flanders | 258 m² | 1 · 87 m² | 14.0 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
984500D9A6CA03AA3959
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Of 30,000 companies in sector 62200 we hold annual accounts for 18,394. 15,555 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-01-2005
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.