ACTIVE

Squadron

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Financial year 2025 · closed on 30/09/2025
Net result
24 k €
-80.0% YoY
Gross margin
788,1 k €
-8.8% YoY
Equity
191,7 k €
+14.3% YoY
Workforce
6,6 ETP
-8.3% YoY

What does Squadron do?

Squadron is a Private limited company incorporated in 2019. Its main activity is: Computer programming activities. Its registered office is in Waregem. It employs on average 6,6 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0738.673.707
Incorporation
03/12/2019
Legal form
Private limited company
Registered office
Eugène Bekaertlaan 24
8790 Waregem · FlandreSee on map
Contributed capital
35 000,00 €
Latest accounts
30/09/2025
Average workforce
6,6 ETP
Activities (NACE)
62010Computer programming activities· main62020Computer consultancy activities62100Computer programming, consultancy and related activities62200Computer programming, consultancy and related activities
Joint committees (2)
  • 200
  • 20000
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 6 financial years

202520242023202220212020
Income statement
Gross margin788,1 k €864,4 k €700,4 k €528 k €461,6 k €245,9 k €
EBITDA116,4 k €176 k €10,3 k €9,6 k €31,4 k €2 k €
Operating result48,4 k €175,5 k €9,3 k €8 k €29,9 k €1,3 k €
Net result24 k €120,1 k €-1,1 k €-714,6 €13,9 k €462,2 €
Balance sheet
Equity191,7 k €167,7 k €47,6 k €48,7 k €49,4 k €35,5 k €
Total assets1,8 M €1,1 M €804,4 k €329,8 k €417,4 k €255,3 k €
Cash108,7 k €230,8 k €198 k €44,4 k €201,5 k €55,2 k €
Debts1,6 M €923 k €756,9 k €281,1 k €366,7 k €219,8 k €
Other
Workforce6,6 ETP7,2 ETP7,6 ETP6,3 ETP5,8 ETP4,9 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 · 1 ended

Active mandates

Francis Heyse

Director · since 28 novembre 2019

Active

Ended mandates

Francis HEYSE

Director

Ended
At this address

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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202028/11/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months11 months
Filing date05/03/202607/03/202511/03/202413/03/202331/03/202217/03/2021
General meeting03/03/202604/03/202505/03/202407/03/202301/03/202202/03/2021
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

6 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202503/03/202605/03/2026DutchPDF
Abridged model30/09/202404/03/202507/03/2025DutchPDF
Abridged model30/09/202305/03/202411/03/2024DutchPDF
Abridged model30/09/202207/03/202313/03/2023DutchPDF
Abridged model30/09/202101/03/202231/03/2022DutchPDF
Abridged model30/09/202002/03/202117/03/2021DutchPDF
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 · 1 ended

Active mandates

Francis Heyse

Director · since 28 novembre 2019

Active

Ended mandates

Francis HEYSE

Director

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other30/01/2025
    BENAMING
    PDF
  • Registered office05/01/2023
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other22/09/2020
    ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates28/05/2020
    BENAMING - DIVERSEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other05/12/2019
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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 202524 k €↓
  2. 2024
    Annual accounts 2024120,1 k €↑
  3. 2024
    Name changeSQUADRON
  4. 2023
    Annual accounts 2023-1,1 k €↓
  5. 2022
    Annual accounts 2022-714,6 €↓
  6. 2022
    Name changeSQUADRON I
  7. 2021
    Annual accounts 202113,9 k €↑
  8. 2020
    Annual accounts 2020462,2 €
  9. 03/12/2019
    IncorporationPrivate limited company