Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 7.6 to 6.6.
Financials
Financial year 2025
Squadron from Waregem, company number BE0738673707, closed financial year 2025 with a result of € 23,981 after tax. For that financial year Squadron recorded a gross margin of € 788,063 and equity of € 191,651. Compared with financial year 2024, the result moved from € 120,116 to € 23,981. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on March 5, 2026.
€ 191,651
▲ 14% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 23,981
▼ 80% vs 2024
Profit after tax over the fiscal year.
€ 108,709
▼ 53% 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 € 156,651.
People and assets in 2025
6.6
▼ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 671,099
▼ 2% vs 2024
€ 101,700 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.
€ 3,566
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1.3 million
▲ 105% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 141,529
▼ 21% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 527,959 | € 700,410 | € 864,440 | € 788,063 | ▼ 9% |
| Profit after taxes | € -715 | € -1,113 | € 120,116 | € 23,981 | ▼ 80% |
| Equity | € 48,667 | € 47,555 | € 167,671 | € 191,651 | ▲ 14% |
| Total debts | € 281,129 | € 756,862 | € 923,861 | € 1,565,582 | ▲ 69% |
| Cash | € 44,448 | € 197,968 | € 230,845 | € 108,709 | ▼ 53% |
| Retained profit | € 13,667 | € 12,555 | € 132,671 | € 156,651 | ▲ 18% |
| Balance sheet total | € 329,796 | € 804,417 | € 1,091,532 | € 1,757,233 | ▲ 61% |
| Employees (FTE) | 6.3 | 7.6 | 7.2 | 6.6 | ▼ 0.6 |
Key figures of Squadron, 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 Squadron?
What happened at Squadron in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 23,981 (▼ 80% vs 2024). Source: NBB ↗
- New establishment in Waregem. KBO
- Start of the company according to the CBE. KBO
- Francis Heyse became a director. NBB
In short
From € 715 loss in 2022 to € 23,981 profit in 2025.
Paid € 86,212 in corporate taxes since 2022.
Best year ever: 2024, with € 120,116 profit.
On average € 119,400 of value added per employee in 2025.
A new publication or filing at Squadron? 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 SQG comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SquadronBehind Squadron is Francis Heyse. The shares are held by SQG (100%).
Directors
According to the 2025 annual accounts
Francis Heyse
Director
Also active at: FIJA, KONSTRUKTIEWERKHUIZEN STAS, ATRAC, ALUTRAILER, SQG, Squadron II, QWIQ, JULIANN
since 2019
Shareholders
100%
Participations
No participations in other companies reported.
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
- 0738.673.707
- VAT number
- BE 0738.673.707
- Registered office
- Eugène Bekaertlaan 24, 8790 Waregem
- Names & denominations
- Squadron
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 December 2019
- Peppol
- Active · Active since 29 Oct 2025
- Activities · NACE
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