Turnover
≈ €110,000 estimated
The abbreviated format states no turnover.
TECHSQUAD
Overview
Lifetime
1 annual account with figurespeak €31,430 (2025)
€31,430
peak €15,507 (2025)
€15,507
peak €20,507 (2025)
€20,507
€87,736
Board2 names since 2024
2 directorsCAPRIQUEST and 1 other
Documentsfilings and deeds
17-08-202617 days late
2025abbreviated format
First year with figures
Key points
from the 2025 annual accountsDebts
€87,736 81% of the balance sheet
Suppliers 66%Taxes and wages 12%Other 23%
2025 accounts filed 17 days after the deadline
Checked score
91
Excellent
Financially stronger than 28% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
06-2025: 0.4%
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.5%▲ +0.1 percentage points vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.6%▲ +0.1 percentage points vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026highest value
07-2026: 0.6%● unchanged vs 06-2026highest value
08-2026: 0.6%● unchanged vs 07-2026
09-2026: 0.1%▼ -0.5 percentage points vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Founded in 2024
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Liquidity: current ratio 0.59, cash €24,557
Size: total assets €108,243
Calculation
The band follows from the bankruptcy probability. 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 62, micro). It does better than 21% of them on solvency, 13% on liquidity and 49% on profitability.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 7,976 companies had the same profile as TECHSQUAD has now. Each dot stands for 20 companies, two years later.
94.3%
were still trading
1.8%
stopped another way
3.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of TECHSQUAD itself is lower: 0.1% within 12 months. It rests on far more data about TECHSQUAD than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,976 companies, not a prediction for TECHSQUAD. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.59, below 1. Short-term debt is 81.1% and cash 22.7% of total assets. 81.1% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 17 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
17 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
- Capriquest 90 sharesdeed of 17-05-2024
- Polyver 90 sharesdeed of 17-05-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1009400905
Security firm approval (camera systems) granted
Decision of 27-03-2025, published on 07-10-2025
Incorporation
Founders: Capriquest and Polyver · 180 shares · Appointments: Capriquest (director) and Polyver (director) · published on 17-05-2024 · Gazette deed
First establishment
Winkelbaan 43, Asse
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TECHSQUAD Asse | €108,243 | €31,430 | 18.9% | - |
| M Powering Londerzeel | €92,315 | €31,071 | 33.1% | - |
| Network4all Asse | €104,261 | €28,218 | 66.9% | - |
| ASC Digital Verlaine | €103,840 | €30,288 | 68.7% | - |
| ADGHOUL-CONSULT Brussels | €104,247 | €34,916 | 58.6% | - |
| SAELENS - HOOFDT Oudenburg | €116,856 | €28,285 | 32.1% | - |
| NEXT-ITERATION Bruges | €96,417 | €29,235 | 26.9% | - |
These companies have the same main activity as TECHSQUAD: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €92,300 and €117,000, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 15-05-2024Normal situation
- Activity
- Computer consultancy and computer facilities managementNACE 62200and 1 other
- Establishment unit
- 2.359.579.2401730 Asse, since 15-05-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Insights on TECHSQUAD
TECHSQUAD has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20,507 and a net result of €15,507.
Its solvency ranks better than 27% of 3,406 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
abbreviated format, filed on 17-08-2026, 17 days late€31,430
€20,923
€15,507
-€36,107
18.9%
0.59
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €110,000. Estimated: probably between €85,000 and €150,000.
Balance sheet
balance sheet total €108,243 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
18.9%
Higher than 27% of 3,406 companies in 2025.
0.59
Higher than 12% of 3,267 companies in 2025.
14.3%
Higher than 65% of 3,315 companies in 2025.
TECHSQUAD
Middle half of the sector
80% of the sector
Abbreviated accounts in computer programming and consultancy (NACE 62)
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
108,243 | |
21/28 |
56,614 | |
21 |
50,648 | |
22/27 |
5,967 | |
23 |
3,827 | |
26 |
2,140 | |
29/58 |
51,628 | |
40/41 |
26,134 | |
40 |
25,571 | |
41 |
564 | |
54/58 |
24,557 | |
490/1 |
937 | |
| Balance sheet: equity and liabilities | ||
10/49 |
108,243 | |
10/15 |
20,507 | |
10/11 |
5,000 | |
14 |
15,507 | |
17/49 |
87,736 | |
42/48 |
87,736 | |
44 |
57,606 | |
440/4 |
57,606 | |
45 |
10,140 | |
450/3 |
10,140 | |
47/48 |
19,990 | |
| Income statement | ||
9900 |
31,430 | |
630 |
10,452 | |
640/8 |
55 | |
9901 |
20,923 | |
75/76B |
57 | |
75 |
57 | |
65/66B |
127 | |
65 |
127 | |
9903 |
20,853 | |
67/77 |
5,346 | |
9904 |
15,507 | |
9905 |
15,507 | |
| Appropriation of the result | ||
9906 |
15,507 | |
| Document | ||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 17-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 17 days after the deadline. Filed on 17 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00400963.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 17-08-2026 | 2026-00400963 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 31,375 | ||
| 25,959 | ||
| 67,066 | ||
| -36,107 | ||
| 18.9% | ||
| 0.59 | ||
| 4.28 | ||
| 75.6% | ||
| 14.3% | ||
| over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 |
|---|---|
| Tangible fixed assets | €7,066 |
| Intangible fixed assets | €60,000 |
| €10,452 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on TECHSQUAD
Debt's share of the balance-sheet total is 81.1%.
Board & ownership
Board
2 directors, since incorporationCAPRIQUEST CommV
Director (not named in the articles), permanent representative Maertens Kim
since 15-05-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 17-08-2026
POLYVER CommV
Director (not named in the articles), permanent representative Verbelen Johan
since 15-05-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 17-08-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- The sole director“Twee bestuurders in functie: Indien er twee bestuurders zijn benoemd, dan mogen zij hun bevoegdheden ieder afzonderlijk uitoefenen en zullen…”
Full text
Twee bestuurders in functie: Indien er twee bestuurders zijn benoemd, dan mogen zij hun bevoegdheden ieder afzonderlijk uitoefenen en zullen zij ieder afzonderlijk de vennootschap mogen vertegenwoordigen jegens derden en in rechte, zowel als eiser als verweerder, onverminderd de eventuele onderlinge delegatie van bevoegdheden, welke delegatie slechts kan gebeuren op voorwaarde dat zo een mandaat bijzonder en van tijdelijke aard is. Voormelde geldt voor bestuursdaden tot en met vijfduizend euro (€ 5.000,00). Voor bestuursdaden met een waarde hoger dan vijfduizend euro (€ 5.000,00) dienen beide bestuurders samen te beslissen en op te treden. Zij dienen dan samen de vennootschap te vertegenwoordigen jegens derden en in rechte, zowel als eiser als verweerder.
“Drie of meer bestuurders in functie: Indien er drie of meer bestuurders zijn benoemd, dan mogen zij hun bevoegdheden ieder afzonderlijk…”deed of 17-05-2024Full text
Drie of meer bestuurders in functie: Indien er drie of meer bestuurders zijn benoemd, dan mogen zij hun bevoegdheden ieder afzonderlijk uitoefenen en zullen zij ieder afzonderlijk de vennootschap mogen vertegenwoordigen jegens derden en in rechte, zowel als eiser als verweerder, onverminderd de eventuele onderlinge delegatie van bevoegdheden, welke delegatie slechts kan gebeuren op voorwaarde dat zo een mandaat bijzonder en van tijdelijke aard is. Voormelde geldt voor bestuursdaden tot en met vijfduizend euro (€ 5.000,00). Voor bestuursdaden met een waarde hoger dan vijfduizend euro (€ 5.000,00) dienen alle bestuurders samen te beslissen en op te treden. Zij dienen dan samen de vennootschap te vertegenwoordigen jegens derden en in rechte, zowel als eiser als verweerder. Het bestuur kan gevolmachtigden van de vennootschap aanstellen. Alleen bijzondere en beperkte volmachten voor bepaalde of een reeks bepaalde rechtshandelingen zijn geoorloofd. De gevolmachtigden verbinden de vennootschap binnen de perken van de hun verleende volmacht, onverminderd de verantwoordelijkheid van het bestuur in geval van overdreven volmacht.
Permanent representatives 2
Mandates through the years
2 names, the dashed line is todayCAPRIQUEST
Director (not named in the articles)
Director (not named in the articles)
POLYVER
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- CAPRIQUEST
- Director (not named in the articles), from 15-05-2024 to date
- POLYVER
- Director (not named in the articles), from 15-05-2024 to date
Control
Founders
Capriquest, Polyver
This company
TECHSQUAD
Equity €20,507
Profit €15,507 in 2025
Capital
- Contribution
- €5,000
- Shares
- 180
- Contribution per share
- €27.78
- Equity per share
- €114 in 2025
- Source
- 2025 annual accounts
Articles of association
deed of 17-05-2024 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director“Met of zonder beperking van duur, algemene vergadering bepaalt aantal,duur en bij meerdere bevoegdheid”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of May at 18:00
- Custody of recordsThe books and records are kept for at least five years after liquidation. The articles set where.
- “Partijen gewezen op consultatie via www.notaris.be/naban, origineel akte minstens vijftig jaar bij minuuthoudende notaris”
Shareholders
At incorporation
deed of 17-05-2024 ↗
- Capriquest (BE 1008.794.258) 90 shares (50%) · €2,500
- Polyver (BE 0635.880.431) 90 shares (50%) · €2,500
Network & group
No group
TECHSQUAD has no parent and no holdings in its annual accounts. TECHSQUAD shares no director with another company.
At the same address
Winkelbaan 43, 1730 Asse · 2 other companies| POLYVER
registered office since 31-08-2015 |
founded in 2015 0635.880.431 |
| Verbelen, Johan (sole trader)
establishment since 17-10-2001 |
founded in 2001 0720.462.451 |
Timeline
Timeline
5 events since 2024Filings
Permits
Establishments
202420252026
2026
Registered in the Peppol Directory Reachable for e-invoices through 0208:1009400905
Annual accounts 2025 filed NBBabbreviated format · 17 days late
2025
Security firm approval (camera systems) granted GazetteDecision of 27-03-2025, published on 07-10-2025
2024
IncorporationFounders: Capriquest and Polyver · 180 shares · Appointments: Capriquest (director) and Polyver (director) · published on 17-05-20248 points ▸
- Registered office clause, Winkelbaan 43, 1730 Asse (Mollem)
- Director appointment, Capriquest (director (not named in the articles))
- Director appointment, Polyver (director (not named in the articles))
- Permanent representative, Maertens Kim
- Permanent representative, Verbelen Johan
- Founder, Capriquest
- Founder, Polyver
- 180 shares, mentioned twice in the deed
- The deed holds 4 more points.
First establishment Winkelbaan 43, Asse
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 1009.400.905
- VAT number
- BE 1009.400.905
- Peppol ID
- 0208:1009400905
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 15-05-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of May at 18:00deed of 17-05-2024 (in Dutch)
- Peppol
- Reachable since 21-10-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- TECHSQUAD in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 17-05-2024 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 17-05-2024 (in Dutch)
Activities
NACEBEL 202562200
Computer consultancy and computer facilities management main activity
Codes under NACEBEL 2008
62020
IT consultancy main activity
62030
Computer programming, consultancy and related activities
62090
Computer programming, consultancy and related activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “De studie,engineering,conceptie,uitvoering,aankoop,verkoop,fabricage,commissie,verhuring en verdeling van alle materialen,producten en…”deed of 17-05-2024 (in Dutch)
7 activities
- De studie,engineering,conceptie,uitvoering,aankoop,verkoop,fabricage,commissie,verhuring en verdeling van alle materialen,producten en diensten die betrekking hebben op informatica,robotica,telecommunicatie,automatisatie en audiovisuele media onder al haar vormen en in alle domeinen.
- Aan- en verkoop van computers,randapparatuur en software.
- Ontwerpen en programmeren van computerprogramma’s.
- Project- en teammanagement van softwareprojecten.
- De exploitatie van alle mogelijke informaticasystemen voor rekening van derden.
- Projectmanagement,consultancy en het inrichten van cursussen,lezingen en studiebegeleiding,het verzorgen van opleidingen,in alle domeinen en in alle sectoren,aan ondernemingen,staatsinstellingen en particulieren.
- Organiseren van evenementen.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Winkelbaan 43 registered office 1730 Asse | 15-05-2024 | 2.359.579.240 |
Buildings and parcels at the address
- Ground area
- 1,347 m²
- Buildings
- 153 m²
- Volume, LiDAR
- 895 m³
- Tallest building
- 6.8 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23053A0351/00L000 | 1,347 m² | 1 · 153 m² | 6.8 m · 2 |
Recognitions
Licences in the Official Gazette
1 publicationSecurity firm approval (camera systems)