SEASQUARE
ActiveSEASQUARE has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €70k and a net result of €15k. Equity is growing by ~14.1% per year across the filed fiscal years. Its solvency ranks better than 29% of 27619 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▼-4
Solvency53▼-23
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity short (current ratio 0.88 against 1.83 in 2024; short-term debt: 64.7% and cash: 28.5% of total assets), and 72.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
27.5%
Return on assets
5.9%
Age of the figures
9 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 26-08-2026, 26 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
26 d late
2024
30 d late
2023
8 d early
2022
29 d late
2021
31 d late
2020
24 d late
2019
3 d early
← 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€70k▼ 42.4%
2024 · €121k
2018: €40k
2019: €34k
2020: €71k
2021: €93k
2022: €104k
2023: €101k
2024: €121k
2018 → 2025
Total assets
€253k▲ 6.5%
2024 · €238k
2018: €277k
2019: €231k
2020: €235k
2021: €268k
2022: €271k
2023: €273k
2024: €238k
2018 → 2025
Net result
€15k▼ 28.6%
2024 · €21k
2018: €-1k
2019: €-6k
2020: €38k
2021: €21k
2022: €12k
2023: €20k
2024: €21k
2018 → 2025
Working capital
€-19k
2024 · €53k
2018: €58k
2019: €55k
2020: €31k
2021: €54k
2022: €80k
2023: €68k
2024: €53k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€93k-€104k▲ 11.7%€101k▼ 2.4%€121k▲ 19.8%€70k▼ 42.4%
Operating result€47k-€24k▼ 49.2%€37k▲ 54.8%€27k▼ 26.1%€34k▲ 25.0%
Net result€21k-€12k▼ 45.2%€20k▲ 69.0%€21k▲ 5.7%€15k▼ 28.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 25% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €253k
Fixed assets
€109k▼ 9.5%
Current assets
€145k▲ 22.8%
Equity and liabilities €253k
Equity
€70k▼ 42.4%
Debt
€183k▲ 57.2%
The debt ratio rises from 49.1% to 72.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€55k▲
2024 · €45k
Cash flow
€35k▼
2024 · €39k
Solvency
27.5%▼
2024 · 50.9%
Current ratio
0.88▼
2024 · 1.83
Quick ratio
0.88▼
2024 · 1.83
Debt / equity
2.63▲
2024 · 0.96
ROE
21.3%▲
2024 · 17.2%
ROA
5.9%▼
2024 · 8.7%
Interest coverage
7.87▲
2024 · 7.48
Debt
€183k▲
2024 · €117k
Debt ≤ 1 year
€164k▲
2024 · €64k
Debt > 1 year
€20k▼
2024 · €52k
Income taxes
€13k▲
2024 · €2k
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€238k€253k▲
Fixed assets21/28€120k€109k▼
Intangible fixed assets21€81k€68k▼
Tangible fixed assets22/27€38k€40k▲
Land and buildings22€7k€6k▼
Plant, machinery and equipment23€28k€25k▼
Furniture and vehicles24€3k€10k▲
Financial fixed assets28€775€775=
Current assets29/58€118k€145k▲
Amounts receivable within one year40/41€31k€69k▲
Trade receivables40€31k€64k▲
Other amounts receivable41-€4k
Cash at bank and in hand54/58€82k€72k▼
Deferred charges and accrued income490/1€4k€4k▼
Equity and liabilities
Total equity and liabilities10/49€238k€253k▲
Equity10/15€121k€70k▼
Contributions10/11€6k€6k=
Reserves13€108k€59k▼
Distributable reserves133€108k€59k▼
Profit (loss) carried forward14€6k€5k▼
Amounts payable17/49€117k€183k▲
Amounts payable after more than one year17€52k€20k▼
Financial debts170/4€35k€7k▼
Other amounts payable178/9€17k€13k▼
Amounts payable within one year42/48€64k€164k▲
Current portion of amounts payable after more than one year42€26k€28k▲
Trade debts44€22k€57k▲
Suppliers440/4€22k€57k▲
Taxes, remuneration and social security45€16k€12k▼
Taxes450/3€16k€12k▼
Other amounts payable47/48€800€66k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€21k▲
Other operating charges640/8€5k€5k▲
Gross operating margin9900€50k€60k▲
Operating profit (loss)9901€27k€34k▲
Financial income75/76B€2k€545▼
Recurring financial income75€2k€545▼
Financial charges65/66B€6k€7k▲
Recurring financial charges65€6k€7k▲
Profit (loss) for the period before taxes9903€23k€28k▲
Income taxes67/77€2k€13k▲
Profit (loss) for the period9904€21k€15k▼
Transfer from tax-exempt reserves789€13k-
Profit (loss) for the period to be appropriated9905€34k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€39k€21k▼
Profit (loss) brought forward from the previous period14P€5k€6k▲
Transfer from equity791/2-€65k
Transfer to equity691/2€32k€15k▼
To other reserves6921€32k€15k▼
Profit to be distributed694/7€800€66k▲
Return on contributions (dividend)694-€65k
Directors or managers695€800€2k▲
The notes to these accounts (12 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Equity above €100kEq €104k ▲11.7%
3 profitable years in a row build equity to €104k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-12
Financial
Back to profitnet €38k
Net result €38k after 2 loss-making years.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 4.53
Current ratio from 2.13 to 4.53; short-term debt falls from €51k to €16k.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Brussel · 1 establishment unit since 2005
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.
Schapenweg 1361020 BrusselGround area
600 m²
Building footprint
132 m²
Volume, LiDAR
885 m³
Parcel 21819C0151/00Y002, Brussels · tallest building 11.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SEASQUARE
since 20052.150.358.653
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21819C0151/00Y002 | Brussels | 600 m² | 1 · 132 m² | 11.8 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.
Similar companies · same sector, comparable size
JG Energy Group
BE 0779.787.354
Farciennes · Eq €70k
MBA Electro Automatisatie
BE 0764.604.973
Houthalen-Helchteren · Eq €70k
E.S.P.
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Deinze · Eq €70k
COOLS SCHRIKDRAAD
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Oostende · Eq €70k
VERVAET MIDAS
BE 0800.079.358
Lochristi · Eq €70k
Of 22,822 companies in sector 43211 we hold annual accounts for 10,327. 8,760 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-11-2005
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
45310
46180Agents specialised in the wholesale of other particular products
46190Agents in non-specialised wholesale trade
51180
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
70120
70201
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.