TAFSQUARE
Judicial reorganisationSummary
The file of TAFSQUARE contains 3 judicial reorganisation notices, as published in the Belgian State Gazette. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2024 annual accounts show negative equity (-€437,908) and a net result of -€390,668. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 2277 sector peers (fiscal year 2024).
Are you a creditor?
Judicial reorganisation
Source: Belgian Official Gazette
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
The procedure
- Court
- Enterprise Court of Hainaut
- Opened
- 15 July 2025
- Track
- Reorganisation by collective agreement
- Docket number
- 20250031
- Moratorium until
- 15 June 2026 (passed; an extension would be in a later judgment)
- Delegated judge
- Jean-Pol Scieur
- Official Gazette
- 23-07-2025 (pdf) ↗search the document for 2025/132093
What to do now
- Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
- Check the amount the company lists you for: it has to tell you. If it is wrong, dispute it in writing.
- The company files a reorganisation plan and creditors vote on it at a hearing. A plan approved and confirmed by the court also binds those who voted against.
- What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
- The file is in RegSol, where you can read the documents of the procedure.
Deadlines: the judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette. The date of the vote on the plan is in the judgment and in RegSol.
View the file in RegSol ↗
Watch
Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.
General information, not legal advice. If in doubt, your lawyer or your accountant can help. Full guide for creditors
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0=
Growth32=
Track record60
Credit verdict
No credit on open account during an ongoing judicial reorganisation
Liquidity short (current ratio 0.64 against 0.95 in 2023; short-term debt: 84.4% and cash: 4.8% of total assets), and equity is negative.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€437,908
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 23-06-2025, 38 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
19 d early
2022
21 d early
2021
32 d early
2020
20 d early
2019
7 d early
← 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 23 days before the deadline; the sector median for financial year 2024 is 10 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
What should you check before you do business with this company?Supplier due diligence What held for this company on a given day: board, seat, name?Company as of a date Are there other customers at risk in your own list?Debtor check How is the Computing infrastructure, data processing, hosting and related activities sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
-€437,908▲ 8.4%
2023 · -€478,107
Total assets
€570,514▼ 2.5%
2023 · €585,198
Net result
-€390,668▲ 35.5%
2023 · -€606,142
Working capital
-€171,347▼ 789%
2023 · -€19,264
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-€71,499▲ 69.8%-€177,322▼ 148%-€398,206▼ 125%-€576,320▼ 44.7%-€365,705▲ 36.5%
Net result-€91,296▲ 64.7%-€195,219▼ 114%-€414,344▼ 112%-€606,142▼ 46.3%-€390,668▲ 35.5%
Equity€248,653€62,414▼ 74.9%€117,445▲ 88.2%-€478,107-€437,908▲ 8.4%
Total assets€462,660▲ 58.2%€469,030▲ 1.4%€547,483▲ 16.7%€585,198▲ 6.9%€570,514▼ 2.5%
Debt€214,007▼ 64.5%€406,616▲ 90.0%€430,038▲ 5.8%€1.1m▲ 147%€1.0m▼ 5.2%
Working capital€153,848-€56,447€30,331-€19,264-€171,347▼ 789%
Staff (FTE)2.5▼ 16.7%3.9▲ 56.0%4.3▲ 10.3%9.2▲ 114%7.8▼ 15.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €365,705 in 2024 against €576,320 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €540,041
Fixed assets
€230,138 ▲ 0.7%
Current assets
€309,903 ▼ 6.5%
Key figures and ratios
EBITDA
-€265,602▲
2023 · -€493,251
Cash flow
-€290,565▲
2023 · -€523,073
Solvency
-76.8%▲
2023 · -81.7%
Current ratio
0.64▼
2023 · 0.95
Debt to equity
-2.30▼
2023 · -2.22
ROA
-68.5%▲
2023 · -103.6%
Interest coverage
-9.09▲
2023 · -15.55
Debt ≤ 1 year
€481,250▲
2023 · €350,644
Debt > 1 year
€108,333▼
2023 · €491,667
Income taxes
€378▼
2023 · €884
Staff costs
€426,005▼
2023 · €512,961
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €9,857 | - | - | - |
| Remuneration, social security and pensions62 | - | €173,460 | €231,767 | €512,961 | €426,005 | ▼ 17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €57,840 | €91,600 | €112,295 | €83,069 | €100,103 | ▲ 20.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €110,786 | - |
| Other operating charges640/8 | - | €32,736 | €51,445 | €75,172 | €115,237 | ▲ 53.3% |
| Gross operating margin9900 | €121,350 | €120,473 | -€2,698 | €94,882 | €386,426 | ▲ 307% |
| Operating profit (loss)9901 | -€71,499 | -€177,322 | -€398,206 | -€576,320 | -€365,705 | ▲ 36.5% |
| Financial income75/76B | - | €1,858 | €2,361 | €2,780 | €4,634 | ▲ 66.7% |
| Recurring financial income75 | €44 | €1,858 | €2,361 | €2,780 | €4,634 | ▲ 66.7% |
| Financial charges65/66B | - | €19,336 | €18,041 | €31,719 | €29,218 | ▼ 7.9% |
| Recurring financial charges65 | €19,696 | €4,336 | €18,041 | €31,719 | €29,218 | ▼ 7.9% |
| Non-recurring financial charges66B | - | €15,000 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€91,150 | -€194,800 | -€413,886 | -€605,259 | -€390,289 | ▲ 35.5% |
| Income taxes67/77 | €145 | €419 | €457 | €884 | €378 | ▼ 57.2% |
| Profit (loss) for the period9904 | -€91,296 | -€195,219 | -€414,344 | -€606,142 | -€390,668 | ▲ 35.5% |
| Profit (loss) for the period to be appropriated9905 | -€91,296 | -€195,219 | -€414,344 | -€606,142 | -€390,668 | ▲ 35.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €462,660 | €469,030 | €547,483 | €585,198 | €570,514 | ▼ 2.5% |
| Formation expenses20 | €15,442 | €17,800 | €30,733 | €25,212 | €30,473 | ▲ 20.9% |
| Fixed assets21/28 | €153,422 | €284,559 | €246,675 | €228,607 | €230,138 | ▲ 0.7% |
| Intangible fixed assets21 | €152,320 | €258,801 | €226,511 | €228,607 | €230,138 | ▲ 0.7% |
| Tangible fixed assets22/27 | €1,062 | €25,758 | €20,164 | - | - | - |
| Furniture and vehicles24 | - | €25,758 | €20,164 | - | - | - |
| Financial fixed assets28 | €40 | - | - | - | - | - |
| Current assets29/58 | €293,796 | €166,671 | €270,075 | €331,379 | €309,903 | ▼ 6.5% |
| Amounts receivable within one year40/41 | €108,701 | €130,210 | €148,479 | €279,979 | €268,206 | ▼ 4.2% |
| Trade receivables40 | - | €127,429 | €148,346 | €269,340 | €249,073 | ▼ 7.5% |
| Other amounts receivable41 | - | €2,781 | €133 | €10,638 | €19,133 | ▲ 79.9% |
| Cash at bank and in hand54/58 | €175,226 | €20,170 | €105,200 | €44,475 | €27,599 | ▼ 37.9% |
| Deferred charges and accrued income490/1 | - | €16,290 | €16,396 | €6,925 | €14,098 | ▲ 104% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €462,660 | €469,030 | €547,483 | €585,198 | €570,514 | ▼ 2.5% |
| Equity10/15 | €248,653 | €62,414 | €117,445 | -€478,107 | -€437,908 | ▲ 8.4% |
| Contributions10/11 | €65,190 | €270,235 | €739,978 | €739,978 | €1.1m | ▲ 54.1% |
| Capital10 | - | €65,190 | - | - | €89,691 | - |
| Issued capital100 | - | €65,190 | - | - | €89,691 | - |
| Outside capital11 | - | €205,045 | - | - | €1.1m | - |
| Share premium1100/10 | - | €205,045 | - | - | €1.1m | - |
| Profit (loss) carried forward14 | -€21,582 | -€216,801 | -€631,145 | -€1.2m | -€1.6m | ▼ 31.6% |
| Investment grants15 | - | €8,980 | €8,611 | €19,202 | €50,068 | ▲ 161% |
| Amounts payable17/49 | €214,007 | €406,616 | €430,038 | €1.1m | €1.0m | ▼ 5.2% |
| Amounts payable after more than one year17 | €625 | €122,928 | €114,643 | €491,667 | €108,333 | ▼ 78.0% |
| Financial debts170/4 | - | €122,928 | €114,643 | €491,667 | €108,333 | ▼ 78.0% |
| Amounts payable within one year42/48 | €139,948 | €223,118 | €239,744 | €350,644 | €481,250 | ▲ 37.2% |
| Current portion of amounts payable after more than one year42 | - | €64,060 | €65,143 | €64,159 | €73,574 | ▲ 14.7% |
| Financial debts43 | - | €10,373 | €9,552 | €4,395 | €3,332 | ▼ 24.2% |
| Credit institutions430/8 | - | €10,373 | €9,552 | €4,395 | €3,332 | ▼ 24.2% |
| Trade debts44 | €33,285 | €59,848 | €103,280 | €171,050 | €275,286 | ▲ 60.9% |
| Suppliers440/4 | - | €59,848 | €103,280 | €171,050 | €275,286 | ▲ 60.9% |
| Taxes, remuneration and social security45 | - | €32,707 | €49,719 | €108,991 | €127,011 | ▲ 16.5% |
| Taxes450/3 | - | €10,803 | €4,712 | €38,813 | €81,942 | ▲ 111% |
| Remuneration and social security454/9 | - | €21,904 | €45,007 | €70,178 | €45,069 | ▼ 35.8% |
| Other amounts payable47/48 | - | €56,130 | €12,048 | €2,048 | €2,048 | = |
| Accrued charges and deferred income492/3 | - | €60,570 | €75,651 | €220,995 | €418,838 | ▲ 89.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€91,296 | -€195,219 | -€414,344 | -€606,142 | -€390,668 | ▲ 35.5% |
| + Depreciation and write-downs630 | €57,840 | €91,600 | €112,295 | €83,069 | €100,103 | ▲ 20.5% |
| Operating cash flow (approximation) | -€33,456 | -€103,620 | -€302,048 | -€523,073 | -€290,565 | ▲ 44.5% |
| Investment in fixed assets (approximation) | - | -€222,736 | -€74,412 | -€65,001 | -€101,634 | ▼ 56.4% |
| Change in cash | - | -€155,056 | €85,029 | -€60,724 | -€16,876 | ▲ 72.2% |
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
2026
13-03
Judicial reorganisation
Extension
Tribunal de l’entreprise du Hainaut · collective agreement · event 09-03-2026
2025
25-11
Judicial reorganisation
Extension
Tribunal de l’entreprise du Hainaut · collective agreement · event 10-11-2025
23-07
Judicial reorganisation
Opening
Tribunal de l’entreprise du Hainaut · collective agreement · event 15-07-2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€606,142
Net result drops to -€606,142, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100,000Eq €117,445 ▲88.2%
Equity rises from €62,414 to €117,445.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
11-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 2.10
Current ratio from 0.64 to 2.10; short-term debt falls from €236,102 to €139,948.
31-12
Financial
Equity above €200,000Eq €248,653
Equity rises from -€310,051 to €248,653.
Show earlier events
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Charleroi · 1 establishment unit since 2018
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.
Square des Martyrs 16000 Charleroi1 establishment unit
TAFSQUARE
since 20182.276.691.651
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Of 2,727 companies in sector 63100 we hold annual accounts for 1,271. 981 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded07-11-2016
Fiscal year end31-12
Activities, NACEBEL 2025
63100Computing infrastructure, data processing, hosting and related activities
63910Web portal activities
Contact
E-mail
Info@tafsquare.comCharleroi
Scores and ratios are computed by Checked and are not a credit decision.