Summary
BLACKSQUARE 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 €1.02M and a net result of €806k. Its solvency ranks better than 62% of 5527 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
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. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
Founded in 2023, under 3 years in business. Failure risk is statistically highest between 2 and 8 years after founding.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 10-10-2025, 21 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
21 d early
2024
21 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.02M▲ 377%
2024 · €214k
2024: €214k
2024 → 2025
Net result
€806k▲ 286%
2024 · €209k
2024: €209k
2024 → 2025
Total assets
€1.58M▲ 307%
2024 · €388k
2024: €388k
2024 → 2025
Solvency
64.6%▲ 9.5pp
2024 · 55.1%
2024: 55.1%
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€214k-€1.02M▲ 377%
Operating result€300k-€1.16M▲ 286%
Net result€209k-€806k▲ 286%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 286% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.58M
Fixed assets
€1k
Current assets
€1.58M
Equity and liabilities €1.58M
Equity
€1.02M ▲ 377%
Debt
€558k ▲ 221%
Debt's share of the balance-sheet total falls from 44.9% to 35.4%. Equity and debt are higher.
Key figures and ratios
ROE
79.0%▼
2024 · 97.7%
ROA
51.1%▼
2024 · 53.8%
Debt ≤ 1 year
€558k▲
2024 · €174k
Income taxes
€370k▲
2024 · €91k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€388k€1.58M▲
Fixed assets21/28-€1k
Tangible fixed assets22/27-€1k
Plant, machinery and equipment23-€1k
Current assets29/58€388k€1.58M▲
Amounts receivable within one year40/41€105k€475k▲
Trade receivables40€95k€165k▲
Other amounts receivable41€10k€311k▲
Current investments50/53€200k€350k▲
Cash at bank and in hand54/58€81k€750k▲
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€388k€1.58M▲
Equity10/15€214k€1.02M▲
Contributions10/11€5k€5k=
Reserves13€209k€1.01M▲
Distributable reserves133€209k€1.01M▲
Amounts payable17/49€174k€558k▲
Amounts payable within one year42/48€174k€558k▲
Trade debts44€4k€62k▲
Suppliers440/4€4k€62k▲
Taxes, remuneration and social security45€170k€496k▲
Taxes450/3€166k€496k▲
Remuneration and social security454/9€4k€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€427
Other operating charges640/8€969€601▼
Gross operating margin9900€301k€1.16M▲
Operating profit (loss)9901€300k€1.16M▲
Financial income75/76B€230€20k▲
Recurring financial income75€230€20k▲
Financial charges65/66B€711€4k▲
Recurring financial charges65€711€4k▲
Profit (loss) for the period before taxes9903€300k€1.18M▲
Income taxes67/77€91k€370k▲
Profit (loss) for the period9904€209k€806k▲
Profit (loss) for the period to be appropriated9905€209k€806k▲
Appropriation of the result
Profit (loss) to be appropriated9906€209k€806k▲
Transfer to equity691/2€209k€806k▲
To other reserves6921€209k€806k▲
The notes to these accounts (6 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
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Equity above €1MEq €1.02M ▲377%
2 profitable years in a row build equity to €1.02M.
2024
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
02-07
State Gazette act
Board meeting · Director resignation
Director discharge · Director appointment
01-02
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
Financial milestoneState Gazette actNBB 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, Antwerpen · 1 establishment unit since 2023
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.
Wapper 212000 AntwerpenGround area
257 m²
Building footprint
255 m²
Volume, LiDAR
3,547 m³
Parcel 11803C1355/00F000, Flanders · tallest building 18.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
BLACKSQUARE
since 20232.353.726.477
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11803C1355/00F000 | Flanders | 257 m² | 1 · 255 m² | 18.9 m · 5 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Structure & network
Connections & network
3 connected companiesLinked via shared directors
Shared director
→
Shared director
→
Shared director
→
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
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Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 12,623 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-12-2023
Fiscal year end31-03
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.