Financials
Financial year 2025
SQG from Waregem, company number BE0723906941, closed financial year 2025 with a result of € 19,511 after tax. For that financial year SQG recorded a gross margin of € -201,759 and equity of € 2.3 million. Compared with financial year 2024, the result moved from € 24,837 to € 19,511. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on March 5, 2026.
€ 2.3 million
▲ € 2.2 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 19,511
▼ 21% vs 2024
Profit after tax over the fiscal year.
€ 28,948
▼ 57% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -126,222.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 88,331
▲ 25% 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 | € -192,296 | € -214,609 | € -234,418 | € -201,759 | ▲ € 32,659 |
| Profit after taxes | € 7,525 | € 1,641 | € 24,837 | € 19,511 | ▼ 21% |
| Equity | € 27,788 | € 29,429 | € 54,266 | € 2,301,228 | ▲ € 2.2 million |
| Total debts | € 537,833 | € 1,089,011 | € 1,199,942 | € 1,232,117 | ▲ 3% |
| Cash | € 42,062 | € 53,521 | € 66,652 | € 28,948 | ▼ 57% |
| Retained profit | € -172,212 | € -170,571 | € -145,734 | € -126,222 | ▲ € 19,511 |
| Balance sheet total | € 565,621 | € 1,118,440 | € 1,254,208 | € 3,533,345 | ▲ 182% |
Key figures of SQG, 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 SQG?
What happened at SQG in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 19,511 (▼ 21% vs 2024). Source: NBB ↗
- New establishment in Waregem. KBO
- Francis HEYSE became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 7,525 profit in 2022 to € 19,511 profit in 2025.
Best year ever: 2024, with € 24,837 profit.
A new publication or filing at SQG? 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 STARLINGS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SQGBehind SQG is Francis HEYSE. The shares are held by STARLINGS (24%). It owns 100% of Squadron Dooel Skopje, 100% of Yellow Circle and 100% of Squadron itself.
Directors
According to the 2025 annual accounts
Francis HEYSE
Director
Also active at: FIJA, KONSTRUKTIEWERKHUIZEN STAS, ATRAC, ALUTRAILER, Squadron II, Squadron, QWIQ, JULIANN
since 2019
Shareholders
24%
Participations
Establishments
Establishment units
Physical locations of this company
Eugène Bekaertlaan 24
8790 Waregem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0723.906.941
- VAT number
- BE 0723.906.941
- Registered office
- Eugène Bekaertlaan 24, 8790 Waregem
- Names & denominations
- SQG
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 April 2019
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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