Financials
Financial year 2025
SQUASH 22 from Liège, company number BE0434120035, closed financial year 2025 with a result of € -33,717 after tax. For that financial year SQUASH 22 recorded a gross margin of € 518,235 and equity of € 964,757. Compared with financial year 2024, the result moved from € 275,954 to € -33,717. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 10, 2026.
€ 964,757
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -33,717
▼ still € 275,954 profit in 2024
Profit after tax over the fiscal year.
€ 399,749
▲ 22% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 716,757.
People and assets in 2025
7.2
▲ 1.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 339,240
▲ 18% vs 2024
€ 47,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 76,775
▲ 87% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.5 million
▲ 179% vs 2024
€ 105,395 is repaid this year. At this pace the long-term loan is gone in ≈ 15 years.
€ 15,205
▲ 64% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 84,489
▼ 29% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 573,374 | € 610,812 | € 754,520 | € 518,235 | ▼ 31% |
| Profit after taxes | € 178,782 | € 185,484 | € 275,954 | € -33,717 | ▼ € 309,671 |
| Equity | € 537,037 | € 722,520 | € 998,474 | € 964,757 | ▼ 3% |
| Total debts | € 924,383 | € 809,473 | € 679,255 | € 1,637,931 | ▲ 141% |
| Cash | € 372,518 | € 186,854 | € 328,777 | € 399,749 | ▲ 22% |
| Land & buildings | € 821,132 | € 791,834 | € 762,536 | € 1,859,618 | ▲ 144% |
| Retained profit | € 289,037 | € 474,520 | € 750,474 | € 716,757 | ▼ 4% |
| Bank debt | € 666,593 | € 605,422 | € 551,281 | € 1,538,237 | ▲ 179% |
| Balance sheet total | € 1,461,419 | € 1,531,994 | € 1,677,729 | € 2,602,687 | ▲ 55% |
| Employees (FTE) | 6.3 | 6.3 | 5.9 | 7.2 | ▲ 1.3 |
Key figures of SQUASH 22, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to SQUASH 22?
What happened at SQUASH 22 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 33,717 (▼ € 309,671 vs 2024). Source: NBB ↗
- HADRIEN COLLIN became a director. NBB
- DENIS PERMANNE became a director. NBB
- JAN LAUWERS became a director. NBB
- New establishment in Liège. KBO
- Start of the company according to the CBE. KBO
In short
From € 178,782 profit in 2022 to € 33,717 loss in 2025.
Paid € 291,898 in corporate taxes since 2022.
Best year ever: 2024, with € 275,954 profit.
On average € 72,000 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind SQUASH 22 are HADRIEN COLLIN, JAN LAUWERS and DENIS PERMANNE. DENIS PERMANNE is also behind DUMAP and D.L.O. SRL.
Directors
According to the 2025 annual accounts
HADRIEN COLLIN
Director
since 2022
JAN LAUWERS
Managing director
since 1988
since 1998
Establishments
Establishment units
Physical locations of this company
Rue des Vingt-Deux 33
4000 Liège
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
AS-HOSTINGER, CY
Website info
Features
Security
Network
Details
- Company number
- 0434.120.035
- VAT number
- BE 0434.120.035
- Registered office
- Rue des Vingt-Deux 33, 4000 Liège
- Names & denominations
- SQUASH 22
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 April 1988
- Peppol
- Active · Active since 13 Jan 2026
- Contact
- squash22.be
- Activities · NACE
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