Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 26 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Square Equity from Brugge, company number BE0448945395, closed financial year 2025 with a result of € -19,263 after tax. For that financial year Square Equity recorded a gross margin of € 197,458 and equity of € 364,854. Compared with financial year 2024, the result moved from € -67,889 to € -19,263. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 14, 2026.
€ 364,854
▼ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -19,263
▲ 72 % less loss than in 2024
Profit after tax over the fiscal year.
€ 668,630
▲ 36% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -265,146.
Debts at end 2025
€ 3.5 million
▲ 3% vs 2024
€ 49,333 is repaid this year. At this pace the long-term loan is gone in ≈ 18 years.
€ 395
▼ 53% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 288,966 | € 262,746 | € 195,154 | € 197,458 | ▲ 1% |
| Profit after taxes | € -209,980 | € -78,140 | € -67,889 | € -19,263 | ▲ € 48,626 |
| Equity | € 530,146 | € 452,006 | € 384,117 | € 364,854 | ▼ 5% |
| Total debts | € 4,824,611 | € 4,580,791 | € 3,490,156 | € 3,586,269 | ▲ 3% |
| Cash | € 961,218 | € 705,881 | € 490,193 | € 668,630 | ▲ 36% |
| Land & buildings | € 2,560,142 | € 1,741,123 | € 1,644,179 | € 1,547,762 | ▼ 6% |
| Retained profit | € -99,854 | € -177,994 | € -245,883 | € -265,146 | ▼ € 19,263 |
| Bank debt | € 4,735,004 | € 4,501,527 | € 3,435,883 | € 3,529,102 | ▲ 3% |
| Balance sheet total | € 5,354,757 | € 5,032,797 | € 3,874,273 | € 3,951,122 | ▲ 2% |
| Employees (FTE) | 1.5 | 0.8 | - | - |
Key figures of Square Equity, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to Square Equity?
What happened at Square Equity in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 19,263. Source: NBB ↗
- New establishment in Brugge. KBO
- Start of the company according to the CBE. KBO
In short
From € 209,980 loss in 2022 to € 19,263 loss in 2025.
Paid € 3,983 in corporate taxes since 2022.
On average € 192,600 of value added per employee in 2022.
A new publication or filing at Square Equity? We notify you, reason included.
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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
The stake of Icsonviva comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Square EquityBehind Square Equity is Icsonviva BV. The shares are held by Icsonviva (40%). It owns 100% of T-HL International NV itself.
Directors
According to the 2025 annual accounts
Director · represented by Kurt De Vreese
Also active at: T-HL BELGIUM, T-HL International
Shareholders
40%
Participations
Establishments
Establishment units
Physical locations of this company
Sint-Jakobsstraat 52
8000 Brugge
Sint-Jakobsplein 1
8000 Brugge
Active since 21 April 1997
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
- 0448.945.395
- VAT number
- BE 0448.945.395
- Registered office
- Sint-Jakobsstraat 52, 8000 Brugge
- Names & denominations
- Square Equity · Square
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 December 1992
- Peppol
- Active · Active since 22 Dec 2025
- Activities · NACE
Overige diensten op het gebied van informatietechnologie en computer
Activiteiten van holdings
Holdings