ACTIVE

SILVERSQUARE BELGIUM

Financial year 2025 · Closed on 31/12/2025

Net result-7,1 M €-6,9 %over 1 year
Revenue23,7 M €+3,5 %over 1 year
Equity-11,3 M €-172,5 %over 1 year
Workforce43,8 ETP-2,9 %over 1 year

Identity

Source · BCE/KBO

SILVERSQUARE BELGIUM is a Public limited company incorporated in 2008. Its main activity is: Management consultancy activities. Its registered office is in Bruxelles. It employs on average 43,8 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0806.423.356
Incorporation
18/09/2008
Legal form
Public limited company
Registered office
Cantersteen 47
1000 Bruxelles · BruxellesSee on map
Contributed capital
29 764 664,00 €
Latest accounts
31/12/2025
Average workforce
43,8 ETP
Joint committees (2)
  • 100
  • 200
Signals
Healthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 18 financial years

20252024202320222021
Income statement
Revenue23,7 M €22,9 M €20,2 M €14,8 M €8,7 M €
EBITDA-3,4 M €-2,6 M €-2,9 M €-4 M €-5,3 M €
Operating result-6,9 M €-6,4 M €-6,6 M €-7 M €-7,9 M €
Net result-7,1 M €-6,7 M €-7 M €-7,3 M €-8,1 M €
Balance sheet
Equity-11,3 M €-4,1 M €-5,3 M €1,7 M €-5,5 M €
Total assets19,6 M €22,4 M €22 M €22,2 M €19,4 M €
Cash1,4 M €2,1 M €2,4 M €1,3 M €819,1 k €
Debts15,8 M €11,9 M €13,6 M €9,1 M €16,8 M €
Other
Workforce43,8 ETP45,1 ETP41,6 ETP39,4 ETP34,4 ETP

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 33 ended

Active mandates

AXEL KUBORN MANAGEMENT

Managing director · since 27 juin 2024 · until 01 juin 2029 · 0827.922.813

Represented by Axel KUBORN

Active
GEDUP

Managing director · since 27 juin 2024 · until 12 septembre 2025 · 0847.461.581

Represented by Alexandre PONCHON

Active
GAR CONSULT

Director · since 01 avril 2024 · until 01 juin 2029 · 0637.946.927

Represented by Jean-Philippe VRONINKS

Active
PHIREMA

Chairman of the board of directors · since 17 janvier 2023 · until 01 juin 2028 · 0700.748.190

Represented by Philippe BERLAMONT

Active

Ended mandates

GEDUP

Managing director · since 27 juin 2024 · until 01 juin 2029 · 0847.461.581

Represented by Alexandre PONCHON

Ended
REVRON

Chairman of the board of directors · since 20 avril 2022 · until 17 janvier 2023 · 0885.947.718

Represented by Jean-Philip VRONINKS

Ended
AXEL KUBORN MANAGEMENT

Managing director · since 06 décembre 2018 · until 23 mai 2024 · 0827.922.813

Represented by AXEL KUBORN

Ended
AXEL KUBORN MANAGEMENT

Managing director · since 06 décembre 2018 · until 23 mai 2024 · 0827.922.813

Represented by Axel KUBORN

Ended

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Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/06/202607/07/202503/07/202408/06/202311/05/202222/04/2021
General meeting24/06/202627/06/202527/06/202401/06/202320/04/202221/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202524/06/202630/06/2026FrenchPDF
Full model31/12/202427/06/202507/07/2025FrenchPDF
Full model31/12/202327/06/202403/07/2024FrenchPDF
Full model31/12/202201/06/202308/06/2023FrenchPDF
Full model31/12/202120/04/202211/05/2022FrenchPDF
Full model31/12/202021/04/202122/04/2021FrenchPDF
Abridged model31/12/201925/06/202027/08/2020FrenchPDF
Abridged model31/12/201823/05/201923/08/2019FrenchPDF
Abridged model31/12/201730/08/201831/08/2018FrenchPDF
Abridged modelCorrection31/12/201630/08/201831/08/2018FrenchPDF
Micro model31/12/201625/05/201731/08/2017FrenchPDF
Abridged model31/12/201625/05/201731/07/2017FrenchPDF
Abridged model31/12/201529/07/201631/08/2016FrenchPDF
Abridged model30/06/201506/10/201529/01/2016FrenchPDF
Abridged model30/06/201407/10/201418/03/2015FrenchPDF
Abridged model30/06/201301/10/201331/03/2014FrenchPDF
Abridged model30/06/201231/12/201207/02/2013FrenchPDF
Abridged model30/06/201130/12/201129/02/2012FrenchPDF
Abridged model30/06/201005/10/201029/12/2010FrenchPDF
Abridged model30/06/200906/10/200903/12/2009FrenchPDF

Indicative valuation

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

4 active · 33 ended

Active mandates

AXEL KUBORN MANAGEMENT

Managing director · since 27 juin 2024 · until 01 juin 2029 · 0827.922.813

Represented by Axel KUBORN

Active
GEDUP

Managing director · since 27 juin 2024 · until 12 septembre 2025 · 0847.461.581

Represented by Alexandre PONCHON

Active
GAR CONSULT

Director · since 01 avril 2024 · until 01 juin 2029 · 0637.946.927

Represented by Jean-Philippe VRONINKS

Active
PHIREMA

Chairman of the board of directors · since 17 janvier 2023 · until 01 juin 2028 · 0700.748.190

Represented by Philippe BERLAMONT

Active

Ended mandates

GEDUP

Managing director · since 27 juin 2024 · until 01 juin 2029 · 0847.461.581

Represented by Alexandre PONCHON

Ended
REVRON

Chairman of the board of directors · since 20 avril 2022 · until 17 janvier 2023 · 0885.947.718

Represented by Jean-Philip VRONINKS

Ended
AXEL KUBORN MANAGEMENT

Managing director · since 06 décembre 2018 · until 23 mai 2024 · 0827.922.813

Represented by AXEL KUBORN

Ended
AXEL KUBORN MANAGEMENT

Managing director · since 06 décembre 2018 · until 23 mai 2024 · 0827.922.813

Represented by Axel KUBORN

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other25/08/2026
    Gemeenschappelijk voorstel van inbreng van bedrijfstak - Volmacht
    PDF
  • Capital / shares25/08/2026
    Projet d'apport de branche d'activité - Procuration
    PDF
  • Mandates08/05/2026
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates14/11/2025
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - OBJET - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates02/08/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates11/06/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares28/05/2024
    CAPITAL, ACTIONS
    PDF
  • Mandates10/08/2023
    DEMISSIONS, NOMINATIONS
    PDF

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

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Timeline

  1. 2025
    Annual accounts 2025-7,1 M €↓
  2. 2024
    Annual accounts 2024-6,7 M €↑
  3. 2023
    Annual accounts 2023-7 M €↑
  4. 2022
    Annual accounts 2022-7,3 M €↑
  5. 2021
    Annual accounts 2021-8,1 M €↓
  6. 2020
    Annual accounts 2020-7,8 M €↓
  7. 2019
    Annual accounts 2019-1,2 M €↓
  8. 2019
    Name changeSILVERSQUARE BELGIUM
  9. 2018
    Annual accounts 2018-174,2 k €↓
  10. 2017
    Annual accounts 2017202,7 k €↑
  11. 2016
    Annual accounts 201614,2 k €↑
  12. 2015
    Annual accounts 2015-8,1 k €↓
  13. 2015
    Annual accounts 2015-2,4 k €↓
  14. 2014
    Annual accounts 2014-2,3 k €↑
  15. 2013
    Annual accounts 2013-7,1 k €↓
  16. 2012
    Annual accounts 2012-4,3 k €↑
  17. 2011
    Annual accounts 2011-97,2 k €↓
  18. 2010
    Annual accounts 2010-4,1 k €↓
  19. 2009
    Annual accounts 2009121,5 k €
  20. 2009
    Name changeSILVERSQUARE HOLDING
  21. 18/09/2008
    IncorporationPublic limited company