ACTIVE

SQUAREFLOW

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Financial year 2025 · Closed on 31/12/2025

Net result118,3 k €+82,5 %over 1 year

Gross margin1,9 M €+70,7 %over 1 year

Equity237,2 k €+309,9 %over 1 year

Workforce22,9 ETP+40,5 %over 1 year

Identity

Source · BCE/KBO

SQUAREFLOW is a Public limited company incorporated in 2020. Its main activity is: Computer facilities management activities. Its registered office is in Woluwe-Saint-Lambert. It employs on average 22,9 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0758.577.612
Incorporation: 19/11/2020
Legal form: Public limited company
Registered office: Avenue des Communautés 110
1200 Woluwe-Saint-Lambert · BruxellesSee on map
Contributed capital: 332 000,00 €
Latest accounts: 31/12/2025
Average workforce: 22,9 ETP

Activities (NACE)

62030Computer facilities management activities· main 62200Computer programming, consultancy and related activities 62010Computer programming activities 62020Computer consultancy activities 62090Other information technology and computer service activities 62100Computer programming, consultancy and related activities+5

Joint committees (2)

200
2000

Contacts

2 public details availableLog in to view

Signals

ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 5 filings

Trend over 5 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	1,9 M €	+70.7%	1,1 M €	+94.8%	578,1 k €	+672%	74,9 k €	+1711%	-4,6 k €
EBITDA	210,9 k €	+103%	104 k €	+70.4%	61 k €	+128%	-215,5 k €	-245%	-62,5 k €
Operating result	190,3 k €	+124%	84,9 k €	+112%	40 k €	+117%	-233,8 k €	-250%	-66,7 k €
Net result	118,3 k €	+82.5%	64,8 k €	+123%	29 k €	+112%	-239,8 k €	-257%	-67,1 k €
Balance sheet
Equity	237,2 k €	+310%	-113 k €	+36.4%	-177,8 k €	+14.0%	-206,9 k €	-729%	32,9 k €
Total assets	1,2 M €	+92.7%	615,3 k €	+83.0%	336,2 k €	+59.8%	210,4 k €	+86.1%	113,1 k €
Cash	34,1 k €	-6.0%	36,3 k €	+74.8%	20,8 k €	+148%	8,4 k €	-64.2%	23,4 k €
Debts	948,3 k €	+46.5%	647,3 k €	+25.9%	514 k €	+24.4%	413,3 k €	+419%	79,6 k €
Other
Workforce	22,9 ETP	+40.5%	16,3 ETP	+94.0%	8,4 ETP	+68.0%	5,0 ETP	+355%	1,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

9 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ALroads0697.925.886Represented by Adrien Larock	Managing director19/11/2020 → 18/05/2028
GJ Management Consulting0828.782.450Represented by Gérald Jacqmin	Directorsince 19/11/2020
Jo Roseleth	Directorsince 15/07/2025
Joris VandenBerghe	Directorsince 15/07/2025
Luc De Muynck	Directorsince 15/07/2025
EGLADOR1001.113.937Represented by Alexandre Carrera Alvarez	Director16/09/2024 → 15/07/2025
ENNOR0778.336.908Represented by Tim Renière	Director07/03/2023 → 15/07/2025
Christophe Haulet0886.396.094Represented by Christophe Haulet	Director19/11/2020 → 18/05/2028
WIP Effects0823.358.269Represented by François-Xavier Page	Director19/11/2020 → 18/05/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
EREBOR0778.335.918Represented by Florian Vanhee	Director07/03/2023 → 16/09/2024

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Avenue des Communautés 110 1200 Woluwe-Saint-Lambert

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ORGANISATION DES ETATS D'AFRIQUE, DES CARAÏBES ET DU PACIFIQUE (OEACP)● Active	0850.210.839
SMILE & CARE● Active	1025.944.452
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Full financial information

Source · NBB

	2025	2024	2023	2022	2021
Type of account	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	19/11/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021
Length of the financial year	12 months	12 months	12 months	12 months	14 months
Filing date	23/04/2026	13/06/2025	23/07/2024	28/07/2023	11/08/2022
General meeting	21/04/2026	02/06/2025	28/06/2024	30/06/2023	07/06/2022
Currency of the financial year	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 5 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	21/04/2026	23/04/2026	French	PDF
Abridged model	31/12/2024	02/06/2025	13/06/2025	French	PDF
Abridged model	31/12/2023	28/06/2024	23/07/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	28/07/2023	French	PDF
Abridged model	31/12/2021	07/06/2022	11/08/2022	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

9 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ALroads0697.925.886Represented by Adrien Larock	Managing director19/11/2020 → 18/05/2028
GJ Management Consulting0828.782.450Represented by Gérald Jacqmin	Directorsince 19/11/2020
Jo Roseleth	Directorsince 15/07/2025
Joris VandenBerghe	Directorsince 15/07/2025
Luc De Muynck	Directorsince 15/07/2025
EGLADOR1001.113.937Represented by Alexandre Carrera Alvarez	Director16/09/2024 → 15/07/2025
ENNOR0778.336.908Represented by Tim Renière	Director07/03/2023 → 15/07/2025
Christophe Haulet0886.396.094Represented by Christophe Haulet	Director19/11/2020 → 18/05/2028
WIP Effects0823.358.269Represented by François-Xavier Page	Director19/11/2020 → 18/05/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
EREBOR0778.335.918Represented by Florian Vanhee	Director07/03/2023 → 16/09/2024

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates25/02/2026
DEMISSIONS, NOMINATIONS
PDF
Capital / shares29/12/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF
Mandates26/05/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates26/05/2025
DEMISSIONS, NOMINATIONS
PDF
Registered office26/10/2023
SIEGE SOCIAL
PDF
Mandates13/07/2023
DEMISSIONS, NOMINATIONS
PDF
Restructuring09/02/2023
OBJET - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring13/10/2022
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - DIVERS
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings5 filings

Mandates

ALroads

GJ Management Consulting

Luc De Muynck

Joris VandenBerghe

Jo Roseleth

EGLADOR

ENNOR

WIP Effects

Christophe Haulet

EREBOR

202020212022202320242025202620272028

SQUAREFLOW

Avenue des Communautés 110, 1200 Woluwe-Saint-LambertRue du Saphir, 33, 1030 Schaerbeek

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue des Communautés 110, 1200 Woluwe-Saint-LambertCurrent	accounts 2023 → 2025	Accounts 2025 · 2026-00086597
Rue du Saphir, 33, 1030 Schaerbeek	accounts 2021 → 2022	Accounts 2022 · 2023-00285861

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
SQUAREFLOWCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00086597

Events

2025
Annual accounts 2025118,3 k €↑
2024
Annual accounts 202464,8 k €↑
2023
Annual accounts 202329 k €↑
2022
Annual accounts 2022-239,8 k €↓
2021
Annual accounts 2021-67,1 k €
19/11/2020
IncorporationPublic limited company

SQUAREFLOW

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

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

Timeline

Registered offices

Company names

Events