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 3 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 65 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
Square Silicone Material Belgium from Veurne, company number BE0751842149, closed financial year 2024 with a result of € 55,319 after tax. For that financial year Square Silicone Material Belgium recorded a gross margin of € 147,278 and equity of € -1.1 million. Compared with financial year 2023, the result moved from € -993,106 to € 55,319. Profitable, and profit is growing. 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 15, 2025.
€ -1.1 million
▲ € 55,319 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 55,319
▲ still € 993,106 loss in 2023
Profit after tax over the fiscal year.
€ 85,740
▲ 11% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -1.1 million.
Debts at end 2024
€ 994,000
Loans from banks and other lenders, long and short.
€ 2.9 million
▲ 18% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 52
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 | € 102,191 | € -147,592 | € -920,372 | € 147,278 | ▲ € 1.1 million |
| Profit after taxes | € 14,927 | € -209,168 | € -993,106 | € 55,319 | ▲ € 1 million |
| Equity | € 20,927 | € -188,241 | € -1,181,346 | € -1,126,028 | ▲ € 55,319 |
| Total debts | € 1,450,291 | € 2,191,379 | € 3,459,419 | € 3,899,163 | ▲ 13% |
| Cash | € 193,183 | € 248,531 | € 77,251 | € 85,740 | ▲ 11% |
| Retained profit | € 14,927 | € -194,241 | € -1,187,346 | € -1,132,028 | ▲ € 55,319 |
| Bank debt | € 826,171 | € 994,000 | € 994,000 | € 994,000 | |
| Balance sheet total | € 1,471,219 | € 2,003,139 | € 2,278,072 | € 2,773,135 | ▲ 22% |
Key figures of Square Silicone Material Belgium, 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 Square Silicone Material Belgium?
What happened at Square Silicone Material Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 55,319. filed late Source: NBB ↗
- New establishment in Veurne. KBO
- SQUARE SILICONE EUROPE BV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 14,927 profit in 2021 to € 55,319 profit in 2024.
Paid € 35 in corporate taxes since 2021.
Best year ever: 2024, with € 55,319 profit.
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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
Behind Square Silicone Material Belgium is SQUARE SILICONE EUROPE BV.
Directors
According to the 2024 annual accounts
Director · represented by Liang Qiao
since 2020
Establishments
Establishment units
Physical locations of this company
Peter Benoitlaan 28
8630 Veurne
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
- 0751.842.149
- VAT number
- BE 0751.842.149
- Registered office
- Peter Benoitlaan 28, 8630 Veurne
- Names & denominations
- Square Silicone Material Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 August 2020
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
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