ACTIVE

S-SQUARE

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Financial year 2025 · closed on 31/03/2025

Net result

41,3 k €

-15.5% YoY

Gross margin

120,3 k €

-19.5% YoY

Equity

336,9 k €

-0.0% YoY

What does S-SQUARE do?

S-SQUARE is a Private company with limited liability incorporated in 2010. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Geel.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0823.412.511

Incorporation

25/02/2010

Legal form

Private company with limited liability

Registered office

Holven 63
2440 Geel · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/03/2025

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68201Rental and operating of own or leased real estate 62020Computer consultancy activities 62200Computer programming, consultancy and related activities 64200Activities of holding companies 64210Activities of holding companies+2

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	120,3 k €	-19.5%	149,4 k €	+54.2%	96,9 k €	-18.2%	118,5 k €	-4.4%	123,9 k €	+30.0%	95,3 k €	+31.8%	72,3 k €	+18.3%	61,2 k €	+35.6%	45,1 k €	-32.2%	66,6 k €	+23.9%	53,7 k €	+20.9%	44,4 k €	-11.7%	50,3 k €	+14.3%	44 k €	+2.8%	42,8 k €
EBITDA	115,8 k €	-18.6%	142,2 k €	+54.2%	92,2 k €	-21.1%	116,9 k €	-5.3%	123,5 k €	+32.0%	93,5 k €	+30.0%	71,9 k €	+19.8%	60 k €	+34.4%	44,7 k €	-31.8%	65,5 k €	+24.4%	52,7 k €	+21.4%	43,4 k €	-12.1%	49,4 k €	+15.0%	42,9 k €	+1.2%	42,4 k €
Operating result	72 k €	-12.2%	82 k €	+23.9%	66,2 k €	+12.1%	59 k €	-45.1%	107,5 k €	+32.7%	81 k €	+37.5%	58,9 k €	+23.2%	47,8 k €	+43.5%	33,3 k €	-40.8%	56,3 k €	+50.4%	37,4 k €	+33.0%	28,1 k €	-5.4%	29,7 k €	+508%	4,9 k €	-86.9%	37,2 k €
Net result	41,3 k €	-15.5%	48,9 k €	+10.8%	44,1 k €	+12.6%	39,2 k €	-50.5%	79,1 k €	+36.3%	58 k €	+40.2%	41,4 k €	+49.1%	27,7 k €	+45.2%	19,1 k €	-36.5%	30,1 k €	+85.8%	16,2 k €	+64.6%	9,8 k €	-3.2%	10,2 k €	+339%	-4,2 k €	-117%	24,3 k €
Balance sheet
Equity	336,9 k €	-0.0%	337 k €	+6.7%	315,8 k €	+8.6%	290,8 k €	+3.2%	281,7 k €	+28.8%	218,8 k €	+36.1%	160,8 k €	+34.6%	119,4 k €	+30.3%	91,7 k €	+26.3%	72,6 k €	+70.8%	42,5 k €	+61.6%	26,3 k €	+59.8%	16,5 k €	+162%	6,3 k €	-79.4%	30,5 k €
Total assets	814,3 k €	+4.9%	776,6 k €	+32.5%	586,2 k €	-0.2%	587,5 k €	+68.6%	348,4 k €	+5.7%	329,5 k €	+9.4%	301,2 k €	+3.7%	290,5 k €	-2.7%	298,6 k €	-14.2%	348,2 k €	+6.2%	327,7 k €	-1.5%	332,7 k €	-0.1%	333,1 k €	+2.2%	325,8 k €	+381%	67,8 k €
Cash	50,3 k €	+23.7%	40,7 k €	-21.2%	51,6 k €	-9.6%	57,1 k €	-23.5%	74,6 k €	+52.8%	48,8 k €	+740%	5,8 k €		–		10,7 k €	-82.5%	61,4 k €	+265%	16,9 k €	+89.4%	8,9 k €	+51.0%	5,9 k €	-54.3%	12,9 k €	-62.9%	34,8 k €
Debts	477,5 k €	+8.6%	439,6 k €	+62.6%	270,4 k €	-8.9%	296,7 k €	+345%	66,7 k €	-39.8%	110,7 k €	-21.2%	140,4 k €	-17.9%	171,1 k €	-17.3%	207 k €	-24.9%	275,6 k €	-3.4%	285,3 k €	-6.9%	306,4 k €	-3.2%	316,6 k €	-0.9%	319,5 k €	+765%	36,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 1 active · 2 ended

Active mandates

SIVASANKAR ADHIMOOLAM KUMARA SAMY

Director · since 18 février 2010

Active

Ended mandates

MONY RAJAM NAVEEN SHEILOO

Manager · since 18 février 2010

Ended

SIVASANKAR ADHIMOOLAM KUMARA SAMY

Manager · since 18 février 2010

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	06/11/2025	31/10/2024	21/11/2023	24/11/2022	28/11/2021	30/11/2020
General meeting	02/09/2025	03/09/2024	05/09/2023	06/09/2022	07/09/2021	01/09/2020
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

Ratios

Financial ratios

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Filings

Annual accounts filings

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/03/2025	02/09/2025	06/11/2025	Dutch	PDF
Micro model	31/03/2024	03/09/2024	31/10/2024	Dutch	PDF
Micro model	31/03/2023	05/09/2023	21/11/2023	Dutch	PDF
Micro model	31/03/2022	06/09/2022	24/11/2022	Dutch	PDF
Micro model	31/03/2021	07/09/2021	28/11/2021	Dutch	PDF
Micro model	31/03/2020	01/09/2020	30/11/2020	Dutch	PDF
Micro model	31/03/2019	03/09/2019	25/11/2019	Dutch	PDF
Micro model	31/03/2018	04/09/2018	26/11/2018	Dutch	PDF
Micro model	31/03/2017	08/09/2017	15/11/2017	Dutch	PDF
Abridged model	31/03/2016	06/09/2016	25/11/2016	Dutch	PDF
Abridged model	31/03/2015	01/09/2015	16/11/2015	Dutch	PDF
Abridged model	31/03/2014	02/09/2014	25/11/2014	Dutch	PDF
Abridged model	31/03/2013	03/09/2013	27/11/2013	Dutch	PDF
Abridged model	31/03/2012	30/09/2012	30/11/2012	Dutch	PDF
Abridged model	31/03/2011	06/09/2011	29/11/2011	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 31/03/2025 · 1 active · 2 ended

Active mandates

SIVASANKAR ADHIMOOLAM KUMARA SAMY

Director · since 18 février 2010

Active

Ended mandates

MONY RAJAM NAVEEN SHEILOO

Manager · since 18 février 2010

Ended

SIVASANKAR ADHIMOOLAM KUMARA SAMY

Manager · since 18 février 2010

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office10/08/2012
MAATSCHAPPELIJKE ZETEL
PDF
Other09/03/2010
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

2025
Annual accounts 202541,3 k €↓
2024
Annual accounts 202448,9 k €↑
2023
Annual accounts 202344,1 k €↑
2022
Annual accounts 202239,2 k €↓
2021
Annual accounts 202179,1 k €↑
2020
Annual accounts 202058 k €↑
2019
Annual accounts 201941,4 k €↑
2018
Annual accounts 201827,7 k €↑
2017
Annual accounts 201719,1 k €↓
2016
Annual accounts 201630,1 k €↑
2015
Annual accounts 201516,2 k €↑
2014
Annual accounts 20149,8 k €↓
2013
Annual accounts 201310,2 k €↑
2012
Annual accounts 2012-4,2 k €↓
2011
Annual accounts 201124,3 k €
25/02/2010
IncorporationPrivate company with limited liability

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

S-SQUARE

Overview

What does S-SQUARE do?

Trend over 15 financial years

Indicative valuation

Board of directors

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