ACTIVE

SQUAREFLOW

Financial year 2025 · closed on 31/12/2025
Net result
118,3 k €
+82.5% YoY
Gross margin
1,9 M €
+70.7% YoY
Equity
237,2 k €
+309.9% YoY
Workforce
22,9 ETP
+40.5% YoY

What does SQUAREFLOW do?

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
Joint committees (2)
  • 200
  • 2000
Contacts
2 public details availableLog in to view
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin1,9 M €1,1 M €578,1 k €74,9 k €-4,6 k €
EBITDA210,9 k €104 k €61 k €-215,5 k €-62,5 k €
Operating result190,3 k €84,9 k €40 k €-233,8 k €-66,7 k €
Net result118,3 k €64,8 k €29 k €-239,8 k €-67,1 k €
Balance sheet
Equity237,2 k €-113 k €-177,8 k €-206,9 k €32,9 k €
Total assets1,2 M €615,3 k €336,2 k €210,4 k €113,1 k €
Cash34,1 k €36,3 k €20,8 k €8,4 k €23,4 k €
Debts948,3 k €647,3 k €514 k €413,3 k €79,6 k €
Other
Workforce22,9 ETP16,3 ETP8,4 ETP5,0 ETP1,1 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 31/12/2025 · 9 active · 9 ended

Active mandates

ALroads

Managing director · since 15 juillet 2025 · until 18 mai 2028 · 0697.925.886

Represented by Adrien Larock

Active
GJ Management Consulting

Director · since 15 juillet 2025 · 0828.782.450

Represented by Gérald Jacqmin

Active
Jo Roseleth

Director · since 15 juillet 2025

Active
Joris VandenBerghe

Director · since 15 juillet 2025

Active
Luc De Muynck

Director · since 15 juillet 2025

Active
EGLADOR

Director · since 16 septembre 2024 · until 15 juillet 2025 · 1001.113.937

Represented by Alexandre Carrera Alvarez

Active
ENNOR

Director · since 07 mars 2023 · until 15 juillet 2025 · 0778.336.908

Represented by Tim Renière

Active
Christophe Haulet

Director · since 19 novembre 2020 · until 15 juillet 2025 · 0886.396.094

Represented by Christophe Haulet

Active
WIP Effects

Director · since 19 novembre 2020 · until 15 juillet 2025 · 0823.358.269

Represented by François-Xavier Page

Active

Ended mandates

EGLADOR

Director · since 16 septembre 2024 · 1001.113.937

Represented by Alexandre Carrera Alvarez

Ended
ENNOR

Director · since 07 mars 2023 · 0778.336.908

Represented by Tim Renière

Ended
EREBOR

Director · since 07 mars 2023 · until 16 septembre 2024 · 0778.335.918

Represented by Florian Vanhee

Ended
EREBOR

Director · since 07 mars 2023 · 0778.335.918

Represented by Florian Vanhee

Ended
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Annual accounts

Full financial information

20252024202320222021
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202219/11/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/2021
Length of the financial year12 months12 months12 months12 months14 months
Filing date23/04/202613/06/202523/07/202428/07/202311/08/2022
General meeting21/04/202602/06/202528/06/202430/06/202307/06/2022
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

5 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202521/04/202623/04/2026FrenchPDF
Abridged model31/12/202402/06/202513/06/2025FrenchPDF
Abridged model31/12/202328/06/202423/07/2024FrenchPDF
Abridged model31/12/202230/06/202328/07/2023FrenchPDF
Abridged model31/12/202107/06/202211/08/2022FrenchPDF
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 31/12/2025 · 9 active · 9 ended

Active mandates

ALroads

Managing director · since 15 juillet 2025 · until 18 mai 2028 · 0697.925.886

Represented by Adrien Larock

Active
GJ Management Consulting

Director · since 15 juillet 2025 · 0828.782.450

Represented by Gérald Jacqmin

Active
Jo Roseleth

Director · since 15 juillet 2025

Active
Joris VandenBerghe

Director · since 15 juillet 2025

Active
Luc De Muynck

Director · since 15 juillet 2025

Active
EGLADOR

Director · since 16 septembre 2024 · until 15 juillet 2025 · 1001.113.937

Represented by Alexandre Carrera Alvarez

Active
ENNOR

Director · since 07 mars 2023 · until 15 juillet 2025 · 0778.336.908

Represented by Tim Renière

Active
Christophe Haulet

Director · since 19 novembre 2020 · until 15 juillet 2025 · 0886.396.094

Represented by Christophe Haulet

Active
WIP Effects

Director · since 19 novembre 2020 · until 15 juillet 2025 · 0823.358.269

Represented by François-Xavier Page

Active

Ended mandates

EGLADOR

Director · since 16 septembre 2024 · 1001.113.937

Represented by Alexandre Carrera Alvarez

Ended
ENNOR

Director · since 07 mars 2023 · 0778.336.908

Represented by Tim Renière

Ended
EREBOR

Director · since 07 mars 2023 · until 16 septembre 2024 · 0778.335.918

Represented by Florian Vanhee

Ended
EREBOR

Director · since 07 mars 2023 · 0778.335.918

Represented by Florian Vanhee

Ended
Shareholders

Ownership and network

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Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • 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

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 2025118,3 k €
  2. 2024
    Annual accounts 202464,8 k €
  3. 2023
    Annual accounts 202329 k €
  4. 2022
    Annual accounts 2022-239,8 k €
  5. 2021
    Annual accounts 2021-67,1 k €
  6. 19/11/2020
    IncorporationPublic limited company