ACTIVE

P-SQUARE

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Financial year 2025 · closed on 31/12/2025

Net result

70 k €

-2.3% YoY

Gross margin

172,6 k €

-4.8% YoY

Equity

667,9 k €

+11.7% YoY

What does P-SQUARE do?

P-SQUARE is a Private company with limited liability incorporated in 2011. Its main activity is: Public relations and communication activities. Its registered office is in Bertem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0832.473.695

Incorporation

05/01/2011

Legal form

Private company with limited liability

Registered office

Bronstraat 9
3061 Bertem · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Activities (NACE)

70210Public relations and communication activities· main 73300Advertising and market research 70200Management consultancy activities 70220Business and other management consultancy activities

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	172,6 k €	-4.8%	181,3 k €	-1.7%	184,5 k €	+59.2%	115,9 k €	-33.4%	174 k €	-11.0%	195,6 k €	+71.9%	113,8 k €	-25.6%	153 k €	+38.5%	110,4 k €	-2.5%	113,2 k €	-13.1%	130,4 k €	-0.5%	131 k €	+92.4%	68,1 k €	+40.8%	48,3 k €	+142%	19,9 k €
EBITDA	171,1 k €	-4.1%	178,3 k €	+4.3%	170,9 k €	+49.7%	114,2 k €	-32.5%	169,3 k €	-12.8%	194,1 k €	+74.7%	111,1 k €	-26.1%	150,3 k €	+654%	19,9 k €	-82.3%	112,9 k €	-12.3%	128,8 k €	+6.3%	121,2 k €	+82.6%	66,3 k €	+41.5%	46,9 k €	+161%	18 k €
Operating result	113,8 k €	-6.0%	121 k €	+6.9%	113,2 k €	+54.3%	73,4 k €	-43.4%	129,7 k €	-3.6%	134,6 k €	+156%	52,5 k €	-43.9%	93,6 k €	+821%	-13 k €	-114%	95 k €	-11.5%	107,3 k €	+24.8%	86 k €	+34.6%	63,9 k €	+39.4%	45,8 k €	+162%	17,5 k €
Net result	70 k €	-2.3%	71,7 k €	+211%	23,1 k €	-27.8%	32 k €	-71.0%	110,1 k €	+24.4%	88,5 k €	+349%	19,7 k €	-74.7%	77,9 k €	+325%	-34,6 k €	-170%	49,7 k €	-53.1%	106 k €	+20.4%	88 k €	+37.9%	63,8 k €	+64.3%	38,8 k €	+123%	17,4 k €
Balance sheet
Equity	667,9 k €	+11.7%	597,9 k €	+13.6%	526,2 k €	+4.6%	503,2 k €	+6.8%	471,2 k €	+30.5%	361,1 k €	+32.5%	272,6 k €	+10.6%	246,6 k €	+46.2%	168,7 k €	-15.5%	199,5 k €	+3.1%	193,6 k €	+49.7%	129,4 k €	+54.4%	83,8 k €	+34.1%	62,5 k €	+164%	23,6 k €
Total assets	1,3 M €	-1.0%	1,3 M €	+6.6%	1,2 M €	+1.8%	1,2 M €	-4.6%	1,3 M €	-2.7%	1,3 M €	+2.0%	1,3 M €	+2.3%	1,3 M €	+47.2%	851,4 k €	+308%	208,9 k €	-4.8%	219,4 k €	+65.5%	132,6 k €	+54.7%	85,7 k €	+16.5%	73,5 k €	+106%	35,7 k €
Cash	246,7 k €	+6.1%	232,4 k €	+54.9%	150 k €	+10.6%	135,6 k €	+5.9%	128,1 k €	+36.6%	93,7 k €	+91.1%	49 k €	+59.6%	30,7 k €	-86.8%	232,6 k €	+545%	36,1 k €	-55.7%	81,5 k €	+866%	8,4 k €	-81.1%	44,7 k €	-25.6%	60,1 k €	+146%	24,4 k €
Debts	610,6 k €	-12.0%	694,3 k €	+1.4%	684,8 k €	-0.1%	685,7 k €	-11.6%	775,6 k €	-16.1%	924,8 k €	-6.9%	993,4 k €	-0.6%	999,8 k €	+46.4%	682,8 k €	+7223%	9,3 k €	-63.9%	25,8 k €	+700%	3,2 k €	+70.3%	1,9 k €	-82.9%	11,1 k €	-8.0%	12 k €

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 31/12/2025 · 2 active · 2 ended

Active mandates

CELINE CARRE

Director · since 28 décembre 2010

Active

NICOLAS PETEN

Director · since 28 décembre 2010

Active

Ended mandates

CELINE CARRE

Manager · since 28 décembre 2010

Ended

NICOLAS PETEN

Manager · since 28 décembre 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	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/07/2026	15/07/2025	12/07/2024	24/08/2023	29/07/2022	08/07/2021
General meeting	10/04/2026	11/04/2025	12/04/2024	14/04/2023	08/04/2022	09/04/2021
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	31/12/2025	10/04/2026	27/07/2026	Dutch	PDF
Micro model	31/12/2024	11/04/2025	15/07/2025	Dutch	PDF
Micro model	31/12/2023	12/04/2024	12/07/2024	Dutch	PDF
Micro model	31/12/2022	14/04/2023	24/08/2023	Dutch	PDF
Micro model	31/12/2021	08/04/2022	29/07/2022	Dutch	PDF
Micro model	31/12/2020	09/04/2021	08/07/2021	Dutch	PDF
Micro model	31/12/2019	10/04/2020	31/08/2020	French	PDF
Micro model	31/12/2018	12/04/2019	06/09/2019	French	PDF
Micro model	31/12/2017	13/04/2018	17/07/2018	French	PDF
Micro model	31/12/2016	14/04/2017	27/07/2017	French	PDF
Abridged model	31/12/2015	08/04/2016	10/08/2016	French	PDF
Abridged model	31/12/2014	10/04/2015	07/09/2015	French	PDF
Abridged model	31/12/2013	11/04/2014	20/08/2014	French	PDF
Abridged model	31/12/2012	12/04/2013	29/08/2013	French	PDF
Abridged model	31/12/2011	13/04/2012	30/09/2012	French	PDF

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 31/12/2025 · 2 active · 2 ended

Active mandates

CELINE CARRE

Director · since 28 décembre 2010

Active

NICOLAS PETEN

Director · since 28 décembre 2010

Active

Ended mandates

CELINE CARRE

Manager · since 28 décembre 2010

Ended

NICOLAS PETEN

Manager · since 28 décembre 2010

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office07/11/2013
SIEGE SOCIAL
PDF
Other13/01/2011
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 202570 k €↓
2024
Annual accounts 202471,7 k €↑
2023
Annual accounts 202323,1 k €↓
2022
Annual accounts 202232 k €↓
2021
Annual accounts 2021110,1 k €↑
2020
Annual accounts 202088,5 k €↑
2019
Annual accounts 201919,7 k €↓
2018
Annual accounts 201877,9 k €↑
2017
Annual accounts 2017-34,6 k €↓
2016
Annual accounts 201649,7 k €↓
2015
Annual accounts 2015106 k €↑
2014
Annual accounts 201488 k €↑
2013
Annual accounts 201363,8 k €↑
2012
Annual accounts 201238,8 k €↑
2011
Annual accounts 201117,4 k €
05/01/2011
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

P-SQUARE

Overview

What does P-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