ACTIVE

Square City

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Financial year 2025 · closed on 30/09/2025

Net result

8,8 k €

-96.6% YoY

Gross margin

937,8 k €

-28.5% YoY

Equity

1,1 M €

-9.6% YoY

Workforce

12,9 ETP

-0.8% YoY

What does Square City do?

Square City is a Private limited company incorporated in 1990. Its main activity is: Activities of employment placement agencies. Its registered office is in Antwerpen. It employs on average 12,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0440.891.229

Incorporation

30/05/1990

Legal form

Private limited company

Registered office

Scheldestraat 26 box 1
2000 Antwerpen · FlandreSee on map

Contributed capital

18 592,01 €

Latest accounts

30/09/2025

Average workforce

12,9 ETP

Activities (NACE)

78100Activities of employment placement agencies· main 78100Activities of employment placement agencies

Joint committees (2)

200
20000

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	937,8 k €	-28.5%	1,3 M €	+50.2%	873,1 k €	-23.9%	1,1 M €	+79.0%	640,4 k €	+211%	206,1 k €	-61.7%	538,5 k €	+55.7%	345,9 k €	+304%	85,5 k €	-4.1%	89,2 k €	+8.5%	82,1 k €	+35.3%	60,7 k €	+331%	14,1 k €	-24.0%	18,5 k €	+4.9%	17,7 k €	-34.1%	26,8 k €	-17.8%	32,6 k €	-39.9%	54,3 k €	-12.4%	62 k €
EBITDA	123,9 k €	-74.3%	481,7 k €	+153%	190,8 k €	-72.2%	686,2 k €	+86.1%	368,7 k €	+290%	94,5 k €	-53.2%	201,8 k €	-2.3%	206,6 k €	+862%	21,5 k €	+91.7%	11,2 k €	-81.4%	60,2 k €	+2.5%	58,7 k €	+6485%	-920 €	+78.9%	-4,4 k €	+49.0%	-8,5 k €	-448%	-1,6 k €	-51.4%	-1 k €	-108%	13,5 k €	-17.6%	16,4 k €
Operating result	55,4 k €	-86.5%	411,9 k €	+222%	128,1 k €	-79.8%	635,4 k €	+83.5%	346,2 k €	+332%	80,2 k €	-57.5%	188,6 k €	-2.4%	193,3 k €	+2053%	9 k €	+328%	2,1 k €	-96.3%	56,7 k €	+3.0%	55 k €	+6082%	-920 €	+78.9%	-4,4 k €	+49.6%	-8,7 k €	-282%	-2,3 k €	-30.5%	-1,7 k €	-114%	12,4 k €	-22.0%	15,9 k €
Net result	8,8 k €	-96.6%	261,1 k €	+319%	62,4 k €	-85.4%	426,6 k €	+83.0%	233,1 k €	+430%	43,9 k €	-63.8%	121,5 k €	+9.1%	111,4 k €	+3982%	2,7 k €	+171%	-3,8 k €	-111%	36,5 k €	-32.0%	53,7 k €	+5041%	-1,1 k €	+76.6%	-4,6 k €	+48.2%	-8,9 k €	-221%	-2,8 k €	-114%	19,3 k €	+67.2%	11,6 k €	+16.8%	9,9 k €
Balance sheet
Equity	1,1 M €	-9.6%	1,2 M €	+14.8%	1 M €	+6.5%	956,7 k €	+68.9%	566,4 k €	+54.3%	367 k €	+13.6%	323,1 k €	+60.3%	201,6 k €	+123%	90,2 k €	+3.1%	87,5 k €	-4.2%	91,3 k €	+59.2%	57,4 k €	+1443%	3,7 k €	-22.6%	4,8 k €	-49.1%	9,4 k €	-48.7%	18,4 k €	-13.2%	21,2 k €	+109%	10,1 k €	+802%	-1,4 k €
Total assets	1,7 M €	-12.8%	2 M €	+7.6%	1,8 M €	+0.4%	1,8 M €	+21.1%	1,5 M €	+133%	645,3 k €	+21.3%	531,9 k €	+1.1%	526,1 k €	+66.9%	315,2 k €	+22.8%	256,6 k €	+105%	125 k €	+82.7%	68,5 k €	+972%	6,4 k €	-44.9%	11,6 k €	-22.0%	14,9 k €	-39.5%	24,6 k €	-49.6%	48,8 k €	+51.7%	32,2 k €	-9.0%	35,3 k €
Cash	574,1 k €	-9.0%	631 k €	+52.1%	414,8 k €	-0.3%	416,2 k €	+26.9%	328,1 k €	-1.2%	332,1 k €	+81.8%	182,7 k €	+101%	91 k €	+818%	9,9 k €	-32.5%	14,7 k €	-84.4%	93,8 k €	+66.2%	56,4 k €	+884%	5,7 k €	+34.4%	4,3 k €	-29.3%	6 k €	-59.1%	14,7 k €	-58.7%	35,7 k €	+171%	13,2 k €	-0.9%	13,3 k €
Debts	663 k €	-17.3%	801,9 k €	-1.4%	812,9 k €	-6.2%	867,1 k €	-7.7%	939,8 k €	+238%	278,2 k €	+33.2%	208,8 k €	-35.6%	324,5 k €	+44.2%	224,9 k €	+33.1%	169,1 k €	+415%	32,9 k €	+196%	11,1 k €	+315%	2,7 k €	-60.6%	6,8 k €	+25.2%	5,4 k €	-12.4%	6,2 k €	-77.6%	27,6 k €	+25.3%	22 k €	-40.1%	36,8 k €
Other
Workforce	12,9 ETP	-0.8%	13,0 ETP	+13.0%	11,5 ETP		–		3,9 ETP	+50.0%	2,6 ETP	-44.7%	4,7 ETP		–		–		1,7 ETP	+240%	0,5 ETP		–		–		–		–		–		–		0,0 ETP		0,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 6 ended

Active mandates

KUNI

Director · since 25 septembre 2019 · 0730.913.806

Represented by Laurent Pays

Active

Laurent Gustave C Pays

Wettelijke vertegenwoordiger · since 25 septembre 2019

Active

Ended mandates

KUNI

Director · since 25 septembre 2019 · 0730.913.806

Represented by Pays Laurent

Ended

Jozef Collard

Mandate

Ended

Laurent Gustave C Pays

Director

Ended

Laurent Pays

Mandate

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Micro model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/03/2026	31/03/2025	16/04/2024	18/04/2023	31/03/2022	31/03/2021
General meeting	27/03/2026	28/03/2025	29/03/2024	31/03/2023	25/03/2022	26/03/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	27/03/2026	30/03/2026	Dutch	PDF
Abridged model	30/09/2024	28/03/2025	31/03/2025	Dutch	PDF
Abridged model	30/09/2023	29/03/2024	16/04/2024	Dutch	PDF
Micro model	30/09/2022	31/03/2023	18/04/2023	Dutch	PDF
Abridged model	30/09/2021	25/03/2022	31/03/2022	Dutch	PDF
Abridged model	30/09/2020	26/03/2021	31/03/2021	Dutch	PDF
Abridged model	30/09/2019	27/03/2020	24/04/2020	Dutch	PDF
Micro model	30/09/2018	29/03/2019	16/04/2019	Dutch	PDF
Micro model	30/09/2017	30/03/2018	27/04/2018	Dutch	PDF
Abridged model	30/09/2016	31/03/2017	26/04/2017	Dutch	PDF
Abridged model	30/09/2015	25/03/2016	29/03/2016	Dutch	PDF
Abridged model	30/09/2014	27/03/2015	07/04/2015	Dutch	PDF
Abridged model	31/12/2012	15/05/2013	28/05/2013	Dutch	PDF
Abridged model	31/12/2011	15/05/2012	20/07/2012	Dutch	PDF
Abridged model	31/12/2010	13/05/2011	28/07/2011	Dutch	PDF
Abridged model	31/12/2009	14/05/2010	26/07/2010	Dutch	PDF
Abridged model	31/12/2008	15/05/2009	06/07/2009	Dutch	PDF
Abridged model	31/12/2007	16/05/2008	18/07/2008	Dutch	PDF
Abridged model	31/12/2006	15/05/2007	07/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 2 active · 6 ended

Active mandates

KUNI

Director · since 25 septembre 2019 · 0730.913.806

Represented by Laurent Pays

Active

Laurent Gustave C Pays

Wettelijke vertegenwoordiger · since 25 septembre 2019

Active

Ended mandates

KUNI

Director · since 25 septembre 2019 · 0730.913.806

Represented by Pays Laurent

Ended

Jozef Collard

Mandate

Ended

Laurent Gustave C Pays

Director

Ended

Laurent Pays

Mandate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/09/2019
WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Registered office12/09/2017
MAATSCHAPPELIJKE ZETEL
PDF
Registered office10/07/2014
MAATSCHAPPELIJKE ZETEL
PDF
Other19/11/2013
DIVERSEN
PDF
Mandates30/01/2013
MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares17/01/2006
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office14/10/2002
MAATSCHAPPELIJKE ZETEL
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 20258,8 k €↓
2024
Annual accounts 2024261,1 k €↑
2023
Annual accounts 202362,4 k €↓
2022
Annual accounts 2022426,6 k €↑
2021
Annual accounts 2021233,1 k €↑
2020
Annual accounts 202043,9 k €↓
2019
Annual accounts 2019121,5 k €↑
2018
Annual accounts 2018111,4 k €↑
2017
Annual accounts 20172,7 k €↑
2016
Annual accounts 2016-3,8 k €↓
2015
Annual accounts 201536,5 k €↓
2014
Annual accounts 201453,7 k €↑
2012
Annual accounts 2012-1,1 k €↑
2011
Annual accounts 2011-4,6 k €↑
2010
Annual accounts 2010-8,9 k €↓
2009
Annual accounts 2009-2,8 k €↓
2008
Annual accounts 200819,3 k €↑
2007
Annual accounts 200711,6 k €↑
2006
Annual accounts 20069,9 k €
30/05/1990
IncorporationPrivate limited company

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

Square City

Overview

What does Square City do?

Trend over 19 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