USQUARE INCUBATOR
0696.781.583 · rovalta.com · 25/09/2026
ACTIVE
USQUARE INCUBATOR
Financial year 2025 · Closed on 31/12/2025
Net result-48,7 k €+33,4 %over 1 year
Gross margin-86,2 k €-208,0 %over 1 year
Equity4,1 M €-1,2 %over 1 year
Workforce0,1 ETP-66,7 %over 1 year
Overview
Identity
Source · BCE/KBOUSQUARE INCUBATOR is a Public limited company incorporated in 2018. Its main activity is: Management consultancy activities. Its registered office is in Etterbeek. It employs on average 0,1 ETP workers (FTE).
- Legal situation
- Normal situation
- BCE/KBO no. / VAT
- BE 0696.781.583
- Incorporation
- 25/05/2018
- Legal form
- Public limited company
- Registered office
- Boulevard Saint-Michel 61
1040 Etterbeek · BruxellesSee on map - Contributed capital
- 4 390 000,00 €
- Latest accounts
- 31/12/2025
- Average workforce
- 0,1 ETP
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.68203Rental and operating of own or leased real estate68203Rental and operating of own or leased real estate+6
Joint committees (1)
- 200
Signals
Solid equityLow riskGood liquidityHealthy social debts
Financials
Source · NBB, 7 filingsTrend over 7 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Gross margin | -86,2 k € | -208% | -28 k € | +52.4% | -58,8 k € | -19.3% | -49,3 k € | -1330% | -3,4 k € |
| EBITDA | -103,5 k € | -77.9% | -58,2 k € | +39.4% | -96 k € | -26.3% | -76 k € | -1531% | -4,7 k € |
| Operating result | -114,1 k € | -58.3% | -72,1 k € | +31.6% | -105,4 k € | -31.4% | -80,2 k € | -1621% | -4,7 k € |
| Net result | -48,7 k € | +33.4% | -73,1 k € | +31.3% | -106,3 k € | -30.8% | -81,3 k € | -1625% | -4,7 k € |
| Balance sheet | |||||||||
| Equity | 4,1 M € | -1.2% | 4,1 M € | +2038% | 192,7 k € | -35.5% | 299 k € | +129% | 130,3 k € |
| Total assets | 4,2 M € | -0.4% | 4,2 M € | +1343% | 291,4 k € | -23.6% | 381,4 k € | +95.4% | 195,2 k € |
| Cash | 54,1 k € | -98.7% | 4,1 M € | +3296% | 121,6 k € | +12.7% | 107,9 k € | -41.4% | 184 k € |
| Debts | 118,8 k € | +37.2% | 86,6 k € | +8.3% | 80 k € | -2.9% | 82,4 k € | +26.9% | 64,9 k € |
| Other | |||||||||
| Workforce | 0,1 ETP | -66.7% | 0,3 ETP | -40.0% | 0,5 ETP | -28.6% | 0,7 ETP | – | |
Valuation
Indicative valuation
As an indication, this company is worth
between 2,5 M€ and 5 M€
See the valuationBoard of directors
Source · NBB, accounts to 31/12/202511 active · 34 ended
Active mandates
Bernard Richelle
ActiveFabienne Malaise
ActiveFrançoise Magerman
ActiveGaetan Daneels
ActiveKristel Mommaerts,
ActiveMarc Van Thournout
ActiveMarnix Housen
ActiveNic Van Craen
ActiveStephanie Lepczynski
ActiveCécile Broekhoven
ActiveClaudio Truzzi
ActiveEnded mandates
Claudio Truzzi
EndedCédric Szpirer
EndedKristel Mommaerts,
EndedBernard Richelle
EndedOther companies at this address
Boulevard Saint-Michel 61 1040 Etterbeek| Company | CBE no. |
|---|---|
StartLAB.BRUSSELS● Active | 0448.540.668 |
Financials
Full financial information
Source · NBB| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model |
| Start of the financial year | 01/01/2025 | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 10/07/2026 | 26/08/2025 | 02/09/2024 | 06/07/2023 | 26/08/2022 | 01/07/2021 |
| General meeting | 23/06/2026 | 30/06/2025 | 28/06/2024 | 06/06/2023 | 30/06/2022 | 29/06/2021 |
| 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 |
Financial ratios
Source · NBBLooking for more information about this company?
Try for freeAnnual accounts filings
Source · NBB, 7 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 23/06/2026 | 10/07/2026 | French | |
| Abridged model | 31/12/2024 | 30/06/2025 | 26/08/2025 | French | |
| Abridged model | 31/12/2023 | 28/06/2024 | 02/09/2024 | French | |
| Abridged model | 31/12/2022 | 06/06/2023 | 06/07/2023 | French | |
| Abridged model | 31/12/2021 | 30/06/2022 | 26/08/2022 | French | |
| Abridged model | 31/12/2020 | 29/06/2021 | 01/07/2021 | French | |
| Abridged model | 31/12/2019 | 28/09/2020 | 29/09/2020 | French |
Valuation
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 2,5 M€ and 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Board of directors
Source · NBB, accounts to 31/12/202511 active · 34 ended
Active mandates
Bernard Richelle
ActiveFabienne Malaise
ActiveFrançoise Magerman
ActiveGaetan Daneels
ActiveKristel Mommaerts,
ActiveMarc Van Thournout
ActiveMarnix Housen
ActiveNic Van Craen
ActiveStephanie Lepczynski
ActiveCécile Broekhoven
ActiveClaudio Truzzi
ActiveEnded mandates
Claudio Truzzi
EndedCédric Szpirer
EndedKristel Mommaerts,
EndedBernard Richelle
EndedOwnership and network
Looking for more information about this company?
Try for freePublications
Belgian Official Gazette publications
Source · Belgian Official Gazette- Capital / shares24/12/2024STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
- Mandates07/03/2022STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - SIEGE SOCIAL - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
- Other30/05/2018RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
Similar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-48,7 k €↑
- 2024Annual accounts 2024-73,1 k €↑
- 2023Annual accounts 2023-106,3 k €↓
- 2022Annual accounts 2022-81,3 k €↓
- 2021Annual accounts 2021-4,7 k €↑
- 2020Annual accounts 2020-5 k €
- 2019Annual accounts 2019
- 25/05/2018IncorporationPublic limited company