ACTIVE

HR SQUARE

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Financial year 2025 · closed on 31/12/2025
Net result
48,5 k €
+10864.7% YoY
Gross margin
231,5 k €
+5.4% YoY
Equity
-168,4 k €
+22.4% YoY
Workforce
2,2 ETP
-24.1% YoY

What does HR SQUARE do?

HR SQUARE is a Public limited company incorporated in 2002. Its registered office is in Gent. It employs on average 2,2 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0478.831.491
Incorporation
25/11/2002
Legal form
Public limited company
Registered office
Ottergemsesteenweg-Zuid 808 B box 47
9000 Gent · FlandreSee on map
Contributed capital
881 640,00 €
Latest accounts
31/12/2025
Average workforce
2,2 ETP
Joint committees (6)
  • 100
  • 1000
  • 10000
  • 2000
  • 20000
  • 218
Contacts
2 public details availableLog in to view
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 14 financial years

20252024202320222021201420132012201120102009200820072006
Income statement
Gross margin231,5 k €219,6 k €242,4 k €161,3 k €290,4 k €220,2 k €166 k €257,6 k €326,5 k €233,7 k €254,3 k €244 k €195,8 k €-101,8 k €
EBITDA54 k €5,6 k €-103,9 k €-105,4 k €-186,6 k €26,4 k €-13,4 k €28,9 k €103,1 k €-13,9 k €-76 k €-104,9 k €-36,8 k €-195 k €
Operating result50,3 k €1,9 k €-107,9 k €-106,2 k €-187,7 k €17,2 k €-15,7 k €26,6 k €100,9 k €-18,6 k €-82 k €-166,9 k €-103,5 k €-254,5 k €
Net result48,5 k €442,3 €-105,7 k €-114,7 k €-198,6 k €9,9 k €-26,5 k €15,2 k €87,5 k €-42,1 k €-88,4 k €-174,5 k €-109,7 k €-170,3 k €
Balance sheet
Equity-168,4 k €-216,9 k €-217,3 k €-111,6 k €-196,6 k €156,5 k €146,6 k €173,1 k €157,9 k €-549,6 k €-507,5 k €-419,1 k €-244,6 k €-134,9 k €
Total assets207,2 k €242,8 k €209,8 k €306,6 k €267,4 k €397,1 k €381,6 k €421 k €540,9 k €387,3 k €354,3 k €440,8 k €415,7 k €485,9 k €
Cash32 €280,9 €0 €8,9 k €18,6 k €12,6 k €33,9 k €4,3 k €1,7 k €1,5 k €13 k €–––
Debts348 k €425 k €413 k €383,4 k €428,2 k €238,7 k €232,7 k €227,6 k €363,9 k €933 k €856 k €799 k €601,2 k €554,8 k €
Other
Workforce2,2 ETP2,9 ETP4,4 ETP3,6 ETP3,1 ETP2,1 ETP3,5 ETP3,6 ETP3,8 ETP4,3 ETP5,1 ETP6,5 ETP5,0 ETP1,8 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 16 ended

Active mandates

Samuel Baro

Director · since 21 mai 2021 · until 10 mai 2027

Active

Ended mandates

Samuel Baro

Director · since 21 mai 2021

Ended
HR SQUARE Group

Director · since 27 janvier 2017 · until 27 janvier 2023 · 0441.706.920

Represented by Jos Gavel

Ended
Jos Gavel

Managing director · since 27 janvier 2017 · until 27 janvier 2023

Ended
HR SQUARE Group

Director · since 27 janvier 2011 · until 27 janvier 2017 · 0441.706.920

Represented by Jos Gavel

Ended
At this address

Other companies at this address

CompanyCBE no.
CNIP● Active
0478.506.146
HR SQUARE Group● Active
0441.706.920
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/07/202001/07/2019
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202130/06/2020
Length of the financial year12 months12 months12 months12 months18 months12 months
Filing date11/06/202629/08/202510/07/202404/10/202331/08/202229/01/2021
General meeting31/05/202628/08/202530/06/202430/08/202326/08/202228/12/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202531/05/202611/06/2026DutchPDF
Abridged model31/12/202428/08/202529/08/2025DutchPDF
Abridged model31/12/202330/06/202410/07/2024DutchPDF
Abridged model31/12/202230/08/202304/10/2023DutchPDF
Abridged model31/12/202126/08/202231/08/2022DutchPDF
Abridged model30/06/202028/12/202029/01/2021DutchPDF
Abridged model30/06/201903/11/201915/01/2020DutchPDF
Abridged model30/06/201803/11/201814/01/2019DutchPDF
Abridged model30/06/201715/12/201715/01/2018DutchPDF
Abridged model30/06/201630/12/201631/01/2017DutchPDF
Abridged model30/06/201528/12/201515/01/2016DutchPDF
Abridged model30/06/201423/01/201513/02/2015DutchPDF
Abridged model30/06/201331/12/201331/01/2014DutchPDF
Abridged model30/06/201231/12/201215/02/2013DutchPDF
Abridged model30/06/201103/11/201129/11/2011DutchPDF
Abridged model30/06/201003/12/201030/12/2010DutchPDF
Abridged model30/06/200908/12/200912/02/2010DutchPDF
Abridged model30/06/200830/12/200820/02/2009DutchPDF
Abridged model30/06/200706/03/200807/03/2008DutchPDF
Abridged model30/06/200610/05/200711/05/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 31/12/2025 · 1 active · 16 ended

Active mandates

Samuel Baro

Director · since 21 mai 2021 · until 10 mai 2027

Active

Ended mandates

Samuel Baro

Director · since 21 mai 2021

Ended
HR SQUARE Group

Director · since 27 janvier 2017 · until 27 janvier 2023 · 0441.706.920

Represented by Jos Gavel

Ended
Jos Gavel

Managing director · since 27 janvier 2017 · until 27 janvier 2023

Ended
HR SQUARE Group

Director · since 27 janvier 2011 · until 27 janvier 2017 · 0441.706.920

Represented by Jos Gavel

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other04/06/2026
    DIVERSEN
    PDF
  • Registered office04/09/2024
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Capital / shares01/07/2022
    KAPITAAL - AANDELEN - ALGEMENE VERGADERING
    PDF
  • Registered office07/04/2022
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates01/06/2021
    BENAMING - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates22/01/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares15/02/2011
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates05/02/2010
    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

Timeline

  1. 2025
    Annual accounts 202548,5 k €↑
  2. 2024
    Annual accounts 2024442,3 €↑
  3. 2023
    Annual accounts 2023-105,7 k €↑
  4. 2022
    Annual accounts 2022-114,7 k €↑
  5. 2021
    Annual accounts 2021-198,6 k €↓
  6. 2014
    Annual accounts 20149,9 k €↑
  7. 2013
    Annual accounts 2013-26,5 k €↓
  8. 2012
    Annual accounts 201215,2 k €↓
  9. 2011
    Annual accounts 201187,5 k €↑
  10. 2010
    Annual accounts 2010-42,1 k €↑
  11. 2009
    Annual accounts 2009-88,4 k €↑
  12. 2008
    Annual accounts 2008-174,5 k €↓
  13. 2007
    Annual accounts 2007-109,7 k €↑
  14. 2006
    Annual accounts 2006-170,3 k €
  15. 25/11/2002
    IncorporationPublic limited company