Financials
Financial year 2025
The Square Kermt from Hasselt, company number BE0828775324, closed financial year 2025 with a result of € 137,693 after tax. For that financial year The Square Kermt recorded a gross margin of € 1.8 million and equity of € 317,606. Compared with financial year 2024, the result moved from € 233,384 to € 137,693. The company is profitable. The buffer shrank hard: equity is 59 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 10, 2026.
€ 317,606
▼ 59% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 137,693
▼ 41% vs 2024
Profit after tax over the fiscal year.
€ 188,386
▲ 2% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 600,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
27.8
▲ 3.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.3 million
▲ 1% vs 2024
€ 46,400 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.
€ 40,398
▲ 142% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.2 million
▲ 1% vs 2024
€ 136,751 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 130,420
▼ 21% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 155,258
▼ 29% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,378,933 | € 1,619,943 | € 1,916,315 | € 1,752,217 | ▼ 9% |
| Profit after taxes | € 187,429 | € 234,949 | € 233,384 | € 137,693 | ▼ 41% |
| Equity | € 454,437 | € 546,529 | € 779,913 | € 317,606 | ▼ 59% |
| Total debts | € 460,336 | € 764,794 | € 1,580,247 | € 2,094,705 | ▲ 33% |
| Cash | € 186,229 | € 287,798 | € 184,697 | € 188,386 | ▲ 2% |
| Land & buildings | € 32,918 | € 129,942 | € 1,199,602 | € 1,190,356 | ▼ 1% |
| Retained profit | € 435,837 | € 527,929 | € 761,313 | € 299,006 | ▼ 61% |
| Dividend | € 0 | € 142,857 | € 0 | € 600,000 | |
| Bank debt | € 134,974 | € 164,013 | € 1,194,459 | € 1,206,382 | ▲ 1% |
| Balance sheet total | € 914,773 | € 1,311,323 | € 2,360,160 | € 2,412,310 | ▲ 2% |
| Employees (FTE) | 4.4 | 24.4 | 24.3 | 27.8 | ▲ 3.5 |
Key figures of The Square Kermt, 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 The Square Kermt?
What happened at The Square Kermt in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 137,693 (▼ 41% vs 2024). Source: NBB ↗
- LEGACI HOLDING BV BV became a director. NBB
- FRANCIS VANVOORDEN became a director. NBB
- New establishment in Hasselt. KBO
- Start of the company according to the CBE. KBO
In short
From € 187,429 profit in 2022 to € 137,693 profit in 2025.
Paid € 329,010 in corporate taxes since 2022.
Best year ever: 2023, with € 234,949 profit.
On average € 63,000 of value added per employee in 2025.
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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 Legaci Holding comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
The Square KermtBehind The Square Kermt are LEGACI HOLDING BV BV and FRANCIS VANVOORDEN. The shares are held by Legaci Holding (100%).
Directors
According to the 2025 annual accounts
Director · represented by QUINTENS JORRIT
since 2024
FRANCIS VANVOORDEN
Director
since 2016
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Diestersteenweg 212B
3510 Hasselt
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
- 0828.775.324
- VAT number
- BE 0828.775.324
- Registered office
- Diestersteenweg 212B, 3510 Hasselt
- Names & denominations
- The Square Kermt
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 August 2010
- Peppol
- Active · Active since 29 Jul 2024
- Contact
- [email protected]
- Activities · NACE
Activiteiten van eetgelegenheden met volledige bediening
Eetgelegenheden met volledige bediening
Cafés en bars