Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
NSQUARE from Vorst, company number BE0564753103, closed financial year 2024 with a result of € -67,960 after tax. For that financial year NSQUARE recorded a gross margin of € 99,265 and equity of € -22,999. Compared with financial year 2023, the result moved from € 24,952 to € -67,960. 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 September 30, 2025.
€ -22,999
▼ € 67,960 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -67,960
▼ still € 24,952 profit in 2023
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -29,249.
People and assets in 2024
€ 49,299
▼ 22% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 1.5 million
▼ 9% vs 2023
€ 15,875 is repaid this year. At this pace the long-term loan is gone in ≈ 31 years.
€ 19,687
▼ 47% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 10,067
▼ 54% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 68,487 | € 81,196 | € 83,664 | € 99,265 | ▲ 19% |
| Profit after taxes | € 12,330 | € 23,790 | € 24,952 | € -67,960 | ▼ € 92,912 |
| Equity | € -3,781 | € 20,009 | € 44,961 | € -22,999 | ▼ € 67,960 |
| Total debts | € 576,868 | € 508,553 | € 1,976,846 | € 1,930,492 | ▼ 2% |
| Land & buildings | € 549,769 | € 521,391 | € 1,927,304 | € 1,855,825 | ▼ 4% |
| Retained profit | € -10,031 | € 13,759 | € 38,711 | € -29,249 | ▼ € 67,960 |
| Bank debt | € 482,036 | € 444,645 | € 1,624,202 | € 1,472,314 | ▼ 9% |
| Balance sheet total | € 573,087 | € 528,562 | € 2,021,808 | € 1,907,493 | ▼ 6% |
Key figures of NSQUARE, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
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 2024: loss of € 67,960 (▼ € 92,912 vs 2023). filed late Source: NBB ↗
- New establishment in Vorst. KBO
- Start of the company according to the CBE. KBO
In short
From € 12,330 profit in 2021 to € 67,960 loss in 2024.
Paid € 27,250 in corporate taxes since 2021.
Best year ever: 2023, with € 24,952 profit.
A new publication or filing at NSQUARE? 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 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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