F-SQUARE
ActiveF-SQUARE has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €527k and a net result of €62k. Equity is growing by ~15.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 31662 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
94
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 13.85 against 11.31 in 2024; short-term debt: 4.3% and cash: 46.7% of total assets), and 4.3% 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 · 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
95.7%
Return on assets
11.2%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
26 d late
2023
21 d late
2022
8 d late
2021
11 d late
2020
13 d late
2019
27 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€527k▲ 13.1%
2024 · €466k
2018: €200k
2019: €224k
2020: €265k
2021: €308k
2022: €358k
2023: €408k
2024: €466k
2018 → 2025
Total assets
€551k▲ 12.8%
2024 · €488k
2018: €398k
2019: €381k
2020: €424k
2021: €450k
2022: €489k
2023: €441k
2024: €488k
2018 → 2025
Net result
€62k▲ 4.4%
2024 · €59k
2018: €24k
2019: €25k
2020: €42k
2021: €43k
2022: €51k
2023: €50k
2024: €59k
2018 → 2025
Working capital
€303k▲ 33.0%
2024 · €228k
2018: €-49k
2019: €-21k
2020: €8k
2021: €48k
2022: €87k
2023: €156k
2024: €228k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€308k-€358k▲ 16.4%€408k▲ 13.7%€466k▲ 14.4%€527k▲ 13.1%
Operating result€65k-€75k▲ 15.2%€71k▼ 6.0%€80k▲ 13.2%€85k▲ 6.9%
Net result€43k-€51k▲ 18.4%€50k▼ 2.7%€59k▲ 18.7%€62k▲ 4.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 7% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €551k
Fixed assets
€224k▼ 6.0%
Current assets
€327k▲ 30.7%
Equity and liabilities €551k
Equity
€527k▲ 13.1%
Debt
€24k▲ 6.7%
The debt ratio falls from 4.5% to 4.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€99k▲
2024 · €97k
Cash flow
€76k▲
2024 · €76k
Solvency
95.7%▲
2024 · 95.5%
Current ratio
13.85▲
2024 · 11.31
Quick ratio
13.85▲
2024 · 11.31
Debt / equity
0.04▼
2024 · 0.05
ROE
11.7%▼
2024 · 12.7%
ROA
11.2%▼
2024 · 12.2%
Interest coverage
2190.34▲
2024 · 1856.23
Debt
€24k▲
2024 · €22k
Debt ≤ 1 year
€24k▲
2024 · €22k
Income taxes
€25k▲
2024 · €24k
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€488k€551k▲
Fixed assets21/28€238k€224k▼
Tangible fixed assets22/27€238k€224k▼
Land and buildings22€223k€214k▼
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€11k€7k▼
Other tangible fixed assets26€4k€3k▼
Current assets29/58€250k€327k▲
Amounts receivable within one year40/41€22k€20k▼
Trade receivables40€18k€18k=
Other amounts receivable41€4k€2k▼
Current investments50/53€50k€50k=
Cash at bank and in hand54/58€178k€257k▲
Equity and liabilities
Total equity and liabilities10/49€488k€551k▲
Equity10/15€466k€527k▲
Contributions10/11€12k€12k=
Reserves13€288k€349k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€286k€347k▲
Profit (loss) carried forward14€166k€166k=
Amounts payable17/49€22k€24k▲
Amounts payable within one year42/48€22k€24k▲
Trade debts44€2k€2k▲
Suppliers440/4€2k€2k▲
Taxes, remuneration and social security45€20k€21k▲
Taxes450/3€20k€21k▲
Other amounts payable47/48€800€833▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€14k▼
Other operating charges640/8€3k€3k▲
Gross operating margin9900€99k€102k▲
Operating profit (loss)9901€80k€85k▲
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Non-recurring financial income76B-€0
Financial charges65/66B€52€45▼
Recurring financial charges65€52€45▼
Profit (loss) for the period before taxes9903€83k€87k▲
Income taxes67/77€24k€25k▲
Profit (loss) for the period9904€59k€62k▲
Profit (loss) for the period to be appropriated9905€59k€62k▲
Appropriation of the result
Profit (loss) to be appropriated9906€225k€228k▲
Profit (loss) brought forward from the previous period14P€166k€166k=
Transfer to equity691/2€59k€61k▲
To other reserves6921€59k€61k▲
Profit to be distributed694/7€800€833▲
Return on contributions (dividend)694€800€833▲
The notes to these accounts (4 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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €62k ▲4.4%
Operating result €85k, net result €62k, both a record.
31-12
Financial
Equity above €500kEq €527k ▲13.1%
8 profitable years in a row build equity to €527k.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 5.69
Current ratio from 1.69 to 5.69; short-term debt falls from €127k to €33k.
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
31-12
Financial
Equity above €200kEq €224k ▲11.9%
2 profitable years in a row build equity to €224k.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Sint-Lievens-Houtem · 1 establishment unit since 2013
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.
Maalbroekstraat 29520 Sint-Lievens-HoutemGround area
1,030 m²
Building footprint
172 m²
Volume, LiDAR
969 m³
Parcel 41007C0118/00E000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
F-SQUARE
since 20132.217.121.278
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41007C0118/00E000 | Flanders | 1,030 m² | 1 · 172 m² | 9.2 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.
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BDK CONSULT
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KANTOOR A & S
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Of 82,569 companies in sector 70200 we hold annual accounts for 52,573. 34,210 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-01-2013
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.