Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
HR SQUARE Group from Gent, company number BE0441706920, closed financial year 2025 with a result of € -2,545 after tax. For that financial year HR SQUARE Group recorded a gross margin of € -1,726 and equity of € 57,092. Compared with financial year 2024, the result moved from € -3,420 to € -2,545. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 4, 2026.
€ 57,092
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2,545
▲ 26 % less loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € 38,492.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 144,578
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -7,049 | € -3,838 | € -2,434 | € -1,726 | ▲ € 708 |
| Profit after taxes | € -10,082 | € -7,750 | € -3,420 | € -2,545 | ▲ € 874 |
| Equity | € 70,807 | € 63,057 | € 59,637 | € 57,092 | ▼ 4% |
| Total debts | € 142,262 | € 149,965 | € 153,863 | € 155,810 | ▲ 1% |
| Cash | € 234 | € 0 | - | - | |
| Retained profit | € 52,207 | € 44,457 | € 41,037 | € 38,492 | ▼ 6% |
| Bank debt | € 13,325 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 213,069 | € 213,022 | € 213,500 | € 212,902 |
Key figures of HR SQUARE Group, 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 HR SQUARE Group?
What happened at HR SQUARE Group in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 2,545. Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 10,082 loss in 2022 to € 2,545 loss in 2025.
Management
The stake of KOWALA PRODUCTIONS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
HR SQUARE GroupBehind HR SQUARE Group is Samuel Baro. The shares are held by KOWALA PRODUCTIONS (100%). It owns 99.4% of People Management Network itself.
Directors
According to the 2025 annual accounts
Samuel Baro
Director
Also active at: KONINKLIJKE ATHLETIEK ASSOCIATIE GENT - Voetbalafdeling, Audio Video Studio Oostvlaamse Televisie, REFLEX HEALTHCARE PEOPLE, HR SQUARE, CENTURION, Planet Group Interim & Recruitment, Well Played, X-CARE +37 more
Shareholders
100%
Participations
Establishments
Establishment units
Physical locations of this company
Ottergemsesteenweg-Zuid 808 B box 47
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0441.706.920
- VAT number
- BE 0441.706.920
- Registered office
- Ottergemsesteenweg-Zuid 808 B bus 47, 9000 Gent
- Names & denominations
- HR SQUARE Group
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 October 1990
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Activiteiten van persagentschappen
Persagentschappen