ACTIVE

C2-Communication Square

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Financial year 2025 · closed on 30/09/2025

Net result

2,1 k €

-94.0% YoY

Gross margin

130,4 k €

-42.2% YoY

Equity

195 k €

+43.4% YoY

Workforce

0,3 ETP

-87.5% YoY

What does C2-Communication Square do?

C2-Communication Square is a Private company with limited liability incorporated in 1989. Its main activity is: Advertising agencies. Its registered office is in Merelbeke-Melle. It employs on average 0,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0436.853.752

Incorporation

27/02/1989

Legal form

Private company with limited liability

Registered office

Klaverstraat 2
9090 Merelbeke-Melle · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

30/09/2025

Average workforce

0,3 ETP

Activities (NACE)

73110Advertising agencies· main 73110Advertising agencies

Joint committees (2)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	130,4 k €	-42.2%	225,6 k €	+29.8%	173,9 k €	+80.6%	96,3 k €	+10.4%	87,2 k €	+34.1%	65 k €	-46.6%	121,7 k €	+54.6%	78,7 k €	-0.6%	79,2 k €	-20.8%	100 k €	+139%	41,9 k €	-59.3%	103 k €	+381%	-36,7 k €	-127%	134,9 k €	-64.3%	377,7 k €	+1.7%	371,4 k €	-5.8%	394,4 k €	+57.1%	251,1 k €
EBITDA	21,2 k €	-79.7%	104,5 k €	+150%	41,8 k €	+85.7%	22,5 k €	+206%	-21,3 k €	-202%	20,8 k €	+937%	-2,5 k €	-115%	16,1 k €	+362%	-6,1 k €	-168%	9 k €	+199%	-9,1 k €	-115%	62 k €	+140%	-155,7 k €	-23153%	-669,7 €	-113%	5 k €	-90.4%	51,9 k €	-74.4%	202,8 k €	+260%	56,3 k €
Operating result	13,3 k €	-83.6%	80,9 k €	+524%	13 k €	+328%	-5,7 k €	+88.1%	-47,7 k €	-1003%	5,3 k €	+153%	-9,9 k €	-211%	8,9 k €	+177%	-11,6 k €	-279%	-3,1 k €	+85.0%	-20,4 k €	-139%	51,7 k €	+131%	-167,1 k €	-1047%	-14,6 k €	-205%	-4,8 k €	-587%	-694 €	-101%	137,2 k €	+7676%	1,8 k €
Net result	2,1 k €	-94.0%	34,9 k €	+308%	8,6 k €	+112%	-73,1 k €	+36.3%	-114,8 k €	-12876%	-884,4 €	+93.9%	-14,5 k €	-373%	5,3 k €	+186%	-6,2 k €	-363%	2,3 k €	-48.0%	4,5 k €	-92.1%	56,8 k €	+153%	-106,3 k €	-53.7%	-69,2 k €	-313%	-16,7 k €	-108%	211,3 k €	+508%	34,7 k €	-22.7%	44,9 k €
Balance sheet
Equity	195 k €	+43.4%	136 k €	+34.6%	101 k €	+9.3%	92,5 k €	-44.2%	165,6 k €	+83.3%	90,4 k €	-1.0%	91,2 k €	-13.7%	105,7 k €	+5.3%	100,4 k €	-5.8%	106,6 k €	+2.3%	104,3 k €	+4.5%	99,7 k €	+132%	43 k €	-71.2%	149,2 k €	-31.7%	218,4 k €	-7.1%	235,1 k €	+885%	23,9 k €	-76.8%	102,7 k €
Total assets	609,9 k €	-43.8%	1,1 M €	+5.6%	1 M €	+16.7%	881,5 k €	+9.3%	806,9 k €	-32.6%	1,2 M €	+20.2%	995 k €	+40.5%	708 k €	-18.5%	868,7 k €	+15.9%	749,7 k €	+8.1%	693,7 k €	-22.3%	892,7 k €	-27.5%	1,2 M €	-8.2%	1,3 M €	-13.3%	1,5 M €	-25.2%	2,1 M €	+19.0%	1,7 M €	-16.5%	2,1 M €
Cash	274,3 k €	-35.6%	426 k €	-14.8%	499,7 k €	+92.6%	259,4 k €	+54.0%	168,4 k €	-75.2%	678,2 k €	+12.8%	601 k €	+79.4%	335 k €	-24.6%	444,5 k €	+13.7%	390,9 k €	-8.2%	426 k €	-5.8%	452,2 k €	-34.0%	685,6 k €	+63.5%	419,4 k €	-27.6%	579,4 k €	+19.9%	483,3 k €	-17.5%	585,7 k €	-5.9%	622,6 k €
Debts	372 k €	-60.8%	949,9 k €	+2.4%	927,6 k €	+17.6%	789,1 k €	+23.0%	641,3 k €	-30.0%	916 k €	+38.0%	663,7 k €	+83.2%	362,3 k €	-24.3%	478,3 k €	+35.5%	353,1 k €	+26.3%	279,5 k €	-36.7%	441,8 k €	-40.9%	747,8 k €	-0.4%	751 k €	-13.7%	870,3 k €	-46.7%	1,6 M €	-4.8%	1,7 M €	-13.3%	2 M €
Other
Workforce	0,3 ETP	-87.5%	2,4 ETP	-14.3%	2,8 ETP	0.0%	2,8 ETP	0.0%	2,8 ETP	0.0%	2,8 ETP	-9.7%	3,1 ETP	-11.4%	3,5 ETP	+40.0%	2,5 ETP	-21.9%	3,2 ETP	+10.3%	2,9 ETP	+16.0%	2,5 ETP	-34.2%	3,8 ETP	-5.0%	4,0 ETP	+2.6%	3,9 ETP	+14.7%	3,4 ETP	-33.3%	5,1 ETP	+18.6%	4,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 3 ended

Active mandates

Alain Callebaut

Director · since 30 juin 2008

Active

Ended mandates

Alain Callebaut

Manager

Ended

ALAIN CALLEBAUT

Director

Ended

Koen Schockaert

Manager

Ended

Annual accounts

Full financial information

	2025	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2022	01/10/2021	01/10/2020	01/10/2019	01/10/2018
Closing of the financial year	30/09/2025	30/09/2023	30/09/2022	30/09/2021	30/09/2020	30/09/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/05/2026	30/04/2024	31/05/2023	29/04/2022	23/03/2021	01/04/2020
General meeting	27/05/2026	23/02/2024	24/02/2023	25/02/2022	26/02/2021	28/02/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	27/05/2026	29/05/2026	Dutch	PDF
Abridged model	30/09/2023	23/02/2024	30/04/2024	Dutch	PDF
Abridged model	30/09/2022	24/02/2023	31/05/2023	Dutch	PDF
Abridged model	30/09/2021	25/02/2022	29/04/2022	Dutch	PDF
Abridged model	30/09/2020	26/02/2021	23/03/2021	Dutch	PDF
Abridged model	30/09/2019	28/02/2020	01/04/2020	Dutch	PDF
Abridged model	30/09/2018	22/02/2019	22/02/2019	Dutch	PDF
Abridged model	30/09/2017	23/02/2018	26/02/2018	Dutch	PDF
Abridged model	30/09/2016	24/02/2017	14/03/2017	Dutch	PDF
Abridged model	30/09/2015	26/02/2016	29/02/2016	Dutch	PDF
Abridged model	30/09/2014	13/02/2015	27/02/2015	Dutch	PDF
Abridged model	30/09/2013	28/02/2014	25/03/2014	Dutch	PDF
Abridged model	30/09/2012	22/02/2013	25/02/2013	Dutch	PDF
Abridged model	30/09/2011	24/02/2012	27/04/2012	Dutch	PDF
Abridged model	30/09/2010	25/02/2011	29/03/2011	Dutch	PDF
Abridged modelCorrection	30/09/2009	12/10/2010	18/10/2010	Dutch	PDF
Abridged model	30/09/2009	26/02/2010	02/04/2010	Dutch	PDF
Abridged model	30/09/2008	27/02/2009	31/03/2009	Dutch	PDF
Abridged model	30/09/2007	29/02/2008	27/03/2008	Dutch	PDF
Abridged model	30/09/2006	23/02/2007	29/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 3 ended

Active mandates

Alain Callebaut

Director · since 30 juin 2008

Active

Ended mandates

Alain Callebaut

Manager

Ended

ALAIN CALLEBAUT

Director

Ended

Koen Schockaert

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/07/2008
MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20252,1 k €↓
2023
Annual accounts 202334,9 k €↑
2022
Annual accounts 20228,6 k €↑
2021
Annual accounts 2021-73,1 k €↑
2020
Annual accounts 2020-114,8 k €↓
2019
Annual accounts 2019-884,4 €↑
2018
Annual accounts 2018-14,5 k €↓
2017
Annual accounts 20175,3 k €↑
2016
Annual accounts 2016-6,2 k €↓
2015
Annual accounts 20152,3 k €↓
2014
Annual accounts 20144,5 k €↓
2013
Annual accounts 201356,8 k €↑
2012
Annual accounts 2012-106,3 k €↓
2011
Annual accounts 2011-69,2 k €↓
2010
Annual accounts 2010-16,7 k €↓
2009
Annual accounts 2009211,3 k €↑
2008
Annual accounts 200834,7 k €↓
2007
Annual accounts 200744,9 k €
27/02/1989
IncorporationPrivate company with limited liability

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

C2-Communication Square

Overview

What does C2-Communication Square do?

Trend over 18 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline