A-SQUARED
ActiveA-SQUARED has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €452k and a net result of €33k. Equity is growing by ~14.3% per year across the filed fiscal years. Its solvency ranks better than 78% of 8073 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
83
/ 100
Excellent▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability36▼-35
Solvency100=
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 4.0 against 13.87 in 2024), and 34.4% 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 70
Relative position
BE, all sectors
reference
Sector 70
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
65.6%
Return on assets
4.7%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-09-2026, 45 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
45 d late
2024
11 d late
2023
27 d late
2022
28 d late
2021
22 d late
2020
23 d early
2019
19 d late
← 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€452k▼ 3.5%
2024 · €468k
2018: €199k
2019: €248k
2020: €232k
2021: €269k
2022: €348k
2023: €421k
2024: €468k
2018 → 2025
Total assets
€688k▲ 20.4%
2024 · €572k
2018: €303k
2019: €283k
2020: €260k
2021: €299k
2022: €405k
2023: €445k
2024: €572k
2018 → 2025
Net result
€33k▼ 51.1%
2024 · €67k
2018: €51k
2019: €49k
2020: €11k
2021: €153k
2022: €104k
2023: €73k
2024: €67k
2018 → 2025
Working capital
€304k▼ 20.7%
2024 · €383k
2018: €-43k
2019: €221k
2020: €224k
2021: €263k
2022: €337k
2023: €409k
2024: €383k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€269k-€348k▲ 29.5%€421k▲ 21.0%€468k▲ 11.1%€452k▼ 3.5%
Operating result€45k-€39k▼ 13.6%€-23k€-44k▼ 94.9%€30k
Net result€153k-€104k▼ 32.2%€73k▼ 29.6%€67k▼ 8.6%€33k▼ 51.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €30k after a loss of €44k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €688k
Fixed assets
€284k▲ 78.0%
Current assets
€405k▼ 1.9%
Equity and liabilities €688k
Equity
€452k▼ 3.5%
Debt
€237k▲ 129%
The debt ratio rises from 18.1% to 34.4%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€59k▲
2024 · €-28k
Cash flow
€62k▼
2024 · €83k
Solvency
65.6%▼
2024 · 81.9%
Current ratio
4.00▼
2024 · 13.87
Quick ratio
3.74▼
2024 · 12.94
Debt / equity
0.52▲
2024 · 0.22
ROE
7.2%▼
2024 · 14.2%
ROA
4.7%▼
2024 · 11.7%
Interest coverage
14.20▲
2024 · -12.60
Debt
€237k▲
2024 · €103k
Debt ≤ 1 year
€101k▲
2024 · €30k
Debt > 1 year
€135k▲
2024 · €74k
Income taxes
€4k▼
2024 · €7k
Staff costs
€38k▲
2024 · €250
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€572k€688k▲
Fixed assets21/28€159k€284k▲
Tangible fixed assets22/27€156k€106k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€146k€100k▼
Other tangible fixed assets26€7k€3k▼
Financial fixed assets28€3k€178k▲
Current assets29/58€412k€405k▼
Amounts receivable after more than one year29€213k€213k=
Other amounts receivable291€213k€213k=
Stocks and contracts in progress3€28k€27k▼
Stocks30/36€28k€27k▼
Amounts receivable within one year40/41€108k€155k▲
Trade receivables40€79k€48k▼
Other amounts receivable41€29k€108k▲
Cash at bank and in hand54/58€62k€4k▼
Deferred charges and accrued income490/1€2k€6k▲
Equity and liabilities
Total equity and liabilities10/49€572k€688k▲
Equity10/15€468k€452k▼
Contributions10/11€10k€10k=
Reserves13€458k€442k▼
Distributable reserves133€458k€442k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€103k€237k▲
Amounts payable after more than one year17€74k€135k▲
Financial debts170/4€74k€135k▲
Amounts payable within one year42/48€30k€101k▲
Current portion of amounts payable after more than one year42€19k€59k▲
Trade debts44€5k€26k▲
Suppliers440/4€5k€26k▲
Taxes, remuneration and social security45€6k€16k▲
Taxes450/3€6k€9k▲
Remuneration and social security454/9-€7k
Other amounts payable47/48€0-
Income statement
Code20242025
Non-recurring operating income76A-€48k
Remuneration, social security and pensions62€250€38k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€30k▲
Other operating charges640/8€2k€3k▲
Non-recurring operating charges66A-€779
Gross operating margin9900€-25k€101k▲
Operating profit (loss)9901€-44k€30k▲
Financial income75/76B€120k€11k▼
Recurring financial income75€120k€11k▼
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Profit (loss) for the period before taxes9903€74k€37k▼
Income taxes67/77€7k€4k▼
Profit (loss) for the period9904€67k€33k▼
Profit (loss) for the period to be appropriated9905€67k€33k▼
Appropriation of the result
Profit (loss) to be appropriated9906€67k€33k▼
Transfer from equity791/2€20k€49k▲
Transfer to equity691/2€67k€33k▼
To other reserves6921€67k€33k▼
Profit to be distributed694/7€20k€49k▲
Return on contributions (dividend)694€20k€49k▲
Social balance
Average headcount (FTE)90870.01.0▲
The notes to these accounts (20 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
14-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 45 days late
2025
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 11 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 18.56
Current ratio from 6.91 to 18.56; short-term debt falls from €57k to €23k.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Highest result since 2018net €153k ▲1299%
Operating result €45k, net result €153k, both a record.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €11k ▼77.8%
Net result drops to €11k, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 19 days late
2019
31-12
Financial
Liquidity times 13current ratio 7.23
Current ratio from 0.54 to 7.23; short-term debt falls from €94k to €36k.
31-12
Financial
Equity above €200kEq €248k ▲24.7%
2 profitable years in a row build equity to €248k.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
26-07
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
1 act for this company is 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, Schilde · 1 establishment unit since 2006
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.
Elzendreef 52970 SchildeGround area
2,057 m²
Building footprint
189 m²
Volume, LiDAR
1,243 m³
Parcel 11039A0251/00E000, Flanders · tallest building 19.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
A-Squared
since 20062.155.972.874
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11039A0251/00E000 | Flanders | 2,057 m² | 1 · 189 m² | 19.8 m · 2 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
8945001DPZI7ELK29E24
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Of 82,215 companies in sector 70200 we hold annual accounts for 52,392. 35,068 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-09-2006
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0476/76.17.38