Kwadratum · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

Kwadratum is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €22k and a net result of €55k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 29% of 1216 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Signals

1 signal · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 22-01-2026, 98 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

The next deadline is still running

The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.

How we compute the deadline

The year end is derived from 4 filed financial years, each closing on 30-09. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-09-2025, that is 30-04-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
30-09-2025	30-04-2026	22-01-2026	98 d early	2026-00012231
30-09-2024	30-04-2025	23-04-2025	7 d early	2025-00075616
30-09-2023	30-04-2024	29-04-2024	1 d early	2024-00075374
30-09-2022	30-04-2023	27-03-2023	34 d early	2023-00049864

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2020, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Financials

Equity€22k-96.3%

Net result€55k-26.6%

Total assets€111k-82.8%

Solvency20.1%-74.8pp

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 22-01-2026 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

volatile Too volatile to project: the yearly deviation from the trend is ~93% of the level (threshold 35%). We therefore deliberately show no projection line.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 64, Financial services · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	20.1%	47.1%	better than 29% of 1216 sector peers
Net result	€55k	€43k	better than 57% of 1215 sector peers
Equity	€22k	€85k	better than 24% of 1216 sector peers
Gross operating margin	€85k	€70k	better than 58% of 1212 sector peers
Total assets	€111k	€211k	better than 29% of 1216 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P29

Improving position over 2022-2025 · n=1216-3146

Net result P57

Weakening position over 2022-2025 · n=1215-3142

Equity P24

Stable position over 2022-2025 · n=1216-3147

Gross operating margin P58

Weakening position over 2022-2025 · n=1212-3139

Describes the position versus peers, not a forecast.

Net profit

€55k

-26.6% 22-25

Total assets

€111k

-82.8% 22-25

Equity

€22k

-96.3% 22-25

Income taxes

€16k

-17.6% 22-25

Dividends

€645k

- 22-25

Debt

€89k

+171.0% 22-25

Debt ≤ 1y

€89k

+171.0% 22-25

Debt > 1y

€0

-100.0% 22-25

Show 3 other metrics

Solvency

20.1%

-78.8% 22-25

ROE

247.2%

+1910.1% 22-25

ROA

49.7%

+325.7% 22-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	n/a
EBITDA	n/a
Net profit	€55k
Cash flow	n/a
Staff costs	-
Income taxes	€16k
Dividends	€645k
Total assets	€111k
Equity	€22k
Debt	€89k
of which ≤ 1y	€89k
of which > 1y	-
Working capital	n/a
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	n/a
Quick ratio	n/a
Working capital ratio	n/a
Solvency	20.1%
Debt / equity	n/a
Long-term debt ratio	n/a
Interest coverage	n/a
Gross margin	n/a
Net margin	n/a
ROA	49.7%
ROE	247.2%
EBITDA margin	n/a
Days sales outstanding	n/a
Days payable outstanding	n/a
Inventory turnover	n/a
Days inventory (DSI)	n/a

Balance-sheet composition 2025

Assets

Fixed assets €20k · 18.2% Current assets €91k · 81.8%

Equity & liabilities

Equity €22k · 20.1% Debt €89k · 79.9%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€111k
Fixed assets	21/28	€20k
Tangible fixed assets	22/27	€20k
Financial fixed assets	28	€363
Current assets	29/58	€91k
Amounts receivable within one year	40/41	€17k
Cash & bank	54/58	€74k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€111k
Equity	10/15	€22k
Contributions / capital	10/11	€1k
Reserves	13	€0
Accumulated profits (losses)	14	€21k
Amounts payable	17/49	€89k
Amounts payable within one year	42/48	€89k
Trade debts payable within one year	44	€4k
Income statement
Gross operating margin	9900	€85k
Operating result	9901	€66k
Financial income	75	€6k
Financial charges	65	€1k
Result before taxes	9903	€71k
Income taxes	67/77	€16k
Net result for the period	9904	€55k
Result to be appropriated	9905	€55k

This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

Model not applicable to financial institutions

The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.

Structure & network

Connections & network

2 connected companies

Group structure

Real Win

We sit on their board · 1 location

→

Vrebos Systems

We sit on their board · 2 locations

→

Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Ownership & control

2 parties

KwadratumBE 0759.933.830

controls

Where this company holds controlthis company sits on their board2

Vrebos Systems

2 locations

Real Win

1 location

Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

11 companies at this address See who is registered here

Establishment units

1 location

Kwadratum

Leopold III-laan 2, 1030 SchaarbeekManagementsactiviteiten van holdings : tussenkomen in het dagelijks bestuur, vertegenwoordigen van bedrijven op grond van bezit van of controle over het maatschappelijk kapitaal, enz.

since 20202.310.946.608

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area5,174 m²

Buildings1

Building footprint532 m²

Volume (LiDAR)20,628 m³

Tallest building44.9 m · ±13 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21904B0106/00K003	Brussels	5,174 m²	1 · 532 m²	44.9 m · 13 fl.

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.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

0 of 2 acts read

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Financial profile

4 of 5 axes measured

68 / 100

Strong profile, led by profitability.

Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.

Health -

Profitability 100

Solvency 25

Growth 52

Stability 94

Credit advice

verdict per customer and amount

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We hold annual accounts for 5,579 of the 24,683 companies in this sector. 3,115 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Holdings64200Activiteiten van holdings64210Overige financiële dienstverlening, neg64999Overige ondersteunende activiteiten in verband met financiële diensten, neg, exclusief verzekeringen en pensioenfondsen66199Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Adviesbureaus op het gebied van public relations en communicatie70210Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Activiteiten van adviesbureaus op het gebied van public relations en communicatie73300Administratieve en ondersteunende activiteiten ten behoeve van kantoren82100Diverse administratieve activiteiten ten behoeve van kantoren82110Overige zakelijke dienstverlening, neg82990

Primary activity highlighted.

Names & trade names

Legal nameNL

Kwadratum

Registered office

Leopold III-laan 2 bus 1

1030 Schaarbeek, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.