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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2025 and 2026.
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Tight liquidity NBB
Cash and receivables cover 45 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
E-Squad from Fernelmont, company number BE0553909392, closed financial year 2026 with a result of € -21,830 after tax. For that financial year E-Squad recorded a gross margin of € 217,434 and equity of € -535,325. Compared with financial year 2025, the result moved from € -161,931 to € -21,830. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 29, 2026.
€ -535,325
▼ € 21,830 vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -21,830
▲ 87 % less loss than in 2025
Profit after tax over the fiscal year.
€ 37,286
▼ 30% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -553,950.
People and assets in 2026
2.5
▼ 3.6 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 95,755
▼ 72% vs 2025
€ 38,300 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.
Debts at end 2026
None
No bank loans on the last day of the fiscal year.
€ 1.6 million
▼ 36% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 27,205
▼ 75% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 158,802 | € 689,630 | € 242,640 | € 217,434 | ▼ 10% |
| Profit after taxes | € 37,517 | € 305,619 | € -161,931 | € -21,830 | ▲ € 140,101 |
| Equity | € -657,183 | € -351,564 | € -513,495 | € -535,325 | ▼ € 21,830 |
| Total debts | € 1,570,865 | € 1,486,886 | € 2,683,167 | € 1,608,589 | ▼ 40% |
| Cash | € 40,522 | € 69,914 | € 53,194 | € 37,286 | ▼ 30% |
| Retained profit | € -675,808 | € -370,189 | € -532,120 | € -553,950 | ▼ € 21,830 |
| Balance sheet total | € 913,682 | € 1,135,322 | € 2,169,672 | € 1,073,264 | ▼ 51% |
| Employees (FTE) | 1.6 | 3.9 | 6.1 | 2.5 | ▼ 3.6 |
Key figures of E-Squad, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to E-Squad?
What happened at E-Squad in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 21,830. Source: NBB ↗
- CLD Holding became a director. NBB
- New establishment in Fleurus. KBO
- Start of the company according to the CBE. KBO
In short
From € 37,517 profit in 2023 to € 21,830 loss in 2026.
Paid € 96,735 in corporate taxes since 2023.
Best year ever: 2024, with € 305,619 profit.
On average € 87,000 of value added per employee in 2026.
Management
The stake of CLD Holding comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
E-SquadBehind E-Squad is CLD Holding. The shares are held by CLD Holding (100%).
Directors
According to the 2026 annual accounts
Director · represented by Raphaël PLUTA
Also active at: CULTUREL - LUDIQUE - DIVERTISSEMENT DISTRIBUTION, SMARTOYS
since 2020
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue du Grand Champ, ZI, Nov. 14
5380 Fernelmont
Avenue de Heppignies(H) 42
6220 Fleurus
Active since 1 July 2014
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0553.909.392
- VAT number
- BE 0553.909.392
- Registered office
- Rue du Grand Champ, ZI, Nov. 14, 5380 Fernelmont
- Names & denominations
- E-Squad
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 June 2014
- Peppol
- Active · Active since 20 May 2026
- Contact
- e-squad.com [email protected]
- Activities · NACE
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