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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Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
NSQUARE from Vorst, company number BE0564753103, closed financial year 2025 with a result of € 240,889 after tax. For that financial year NSQUARE recorded a gross margin of € 443,170 and equity of € 217,890. Compared with financial year 2024, the result moved from € -67,960 to € 240,889. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 29, 2026.
€ 217,890
▲ € 240,889 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 240,889
▲ still € 67,960 loss in 2024
Profit after tax over the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 211,640.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 36,729
▼ 25% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 785,425
▼ 47% vs 2024
€ 16,671 is repaid this year. At this pace the long-term loan is gone in ≈ 28 years.
€ 11,050
▼ 44% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 14,264
▲ 42% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 81,196 | € 83,664 | € 99,265 | € 443,170 | ▲ € 343,905 |
| Profit after taxes | € 23,790 | € 24,952 | € -67,960 | € 240,889 | ▲ € 308,849 |
| Equity | € 20,009 | € 44,961 | € -22,999 | € 217,890 | ▲ € 240,889 |
| Total debts | € 508,553 | € 1,976,846 | € 1,930,492 | € 1,115,100 | ▼ 42% |
| Land & buildings | € 521,391 | € 1,927,304 | € 1,855,825 | € 1,353,230 | ▼ 27% |
| Retained profit | € 13,759 | € 38,711 | € -29,249 | € 211,640 | ▲ € 240,889 |
| Bank debt | € 444,645 | € 1,624,202 | € 1,472,314 | € 785,425 | ▼ 47% |
| Balance sheet total | € 528,562 | € 2,021,808 | € 1,907,493 | € 1,414,520 | ▼ 26% |
Key figures of NSQUARE, 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 NSQUARE?
What happened at NSQUARE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 240,889. filed late Source: NBB ↗
- New establishment in Vorst. KBO
- Start of the company according to the CBE. KBO
In short
From € 23,790 profit in 2022 to € 240,889 profit in 2025.
Paid € 35,581 in corporate taxes since 2022.
Best year ever: 2025, with € 240,889 profit.
Management
The stake of A & P comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
NSQUAREBehind NSQUARE are Charles Corthouts and Anne-Gaëlle Le Besnerais. The shares are held by A & P (28%).
Establishments
Establishment units
Physical locations of this company
Molièrelaan 145
1190 Vorst
Berkendaelstraat 49
1190 Vorst
Active since 16 October 2014
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0564.753.103
- VAT number
- BE 0564.753.103
- Registered office
- Molièrelaan 145, 1190 Vorst
- Names & denominations
- NSQUARE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 October 2014
- Peppol
- Active · Active since 23 Dec 2025
- Activities · NACE
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