ACTIVE

THE SQUARE

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Financial year 2025 · closed on 31/12/2025

Net result

-689,5 €

-126.2% YoY

Gross margin

-368,9 €

-110.8% YoY

Equity

10 k €

-6.5% YoY

What does THE SQUARE do?

THE SQUARE is a Private limited company incorporated in 2003. Its main activity is: Management consultancy activities. Its registered office is in Laakdal.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0861.998.319

Incorporation

03/12/2003

Legal form

Private limited company

Registered office

Houthoek 19
2430 Laakdal · FlandreSee on map

Contributed capital

14 200,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities 74501Other professional, scientific and technical activities 78100Activities of employment placement agencies 78100Activities of employment placement agencies

Joint committees (1)

Signals

Solid equityLow riskGood liquidity

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-368,9 €	-111%	3,4 k €	+163%	1,3 k €	+169%	-1,9 k €	-147%	4,1 k €	-81.8%	22,4 k €	+72.7%	12,9 k €	-66.1%	38,1 k €	+44.8%	26,3 k €	-41.8%	45,2 k €	+512%	7,4 k €	+443%	1,4 k €	-90.7%	14,6 k €	+216%	4,6 k €	+88.4%	2,5 k €	-85.8%	17,4 k €	-87.9%	143,9 k €	-14.8%	169 k €	+43.7%	117,6 k €	+531%	18,6 k €
EBITDA	-488,9 €	-117%	2,9 k €	+261%	807,9 €	+105%	-17,1 k €	-627%	3,2 k €	-85.4%	22,2 k €	+78.2%	12,4 k €	-66.3%	36,9 k €	+45.2%	25,4 k €	-41.3%	43,4 k €	+519%	7 k €	+591%	1 k €	-92.9%	14,3 k €	+240%	4,2 k €	+117%	1,9 k €	-87.2%	15,2 k €	+5.6%	14,4 k €	+141%	-35 k €	-218%	29,6 k €	+59.8%	18,5 k €
Operating result	-488,9 €	-117%	2,9 k €	+3027%	93,3 €	+100%	-18,7 k €	-1272%	1,6 k €	-92.0%	19,8 k €	+90.2%	10,4 k €	-70.0%	34,7 k €	+43.2%	24,3 k €	-42.7%	42,4 k €	+1421%	2,8 k €	+115%	-18,9 k €	-277%	10,7 k €	+1689%	597,1 €	-69.2%	1,9 k €	-83.7%	11,9 k €	+12.5%	10,6 k €	+125%	-41,5 k €	-278%	23,4 k €	+140%	9,7 k €
Net result	-689,5 €	-126%	2,6 k €	+1746%	-159,8 €	+99.7%	-58,1 k €	-3726%	-1,5 k €	-111%	13,8 k €	+156%	5,4 k €	-76.4%	22,9 k €	+56.2%	14,6 k €	-54.0%	31,8 k €	+1174%	2,5 k €	+113%	-19,3 k €	-524%	4,6 k €	+3436%	-136,5 €	-122%	620,5 €	-97.9%	30 k €	+648%	4 k €	+109%	-44,8 k €	-892%	5,7 k €	+177%	2 k €
Balance sheet
Equity	10 k €	-6.5%	10,7 k €	+32.8%	8 k €	-79.6%	39,4 k €	-59.6%	97,5 k €	-1.5%	99 k €	+16.2%	85,2 k €	+6.8%	79,8 k €	+40.2%	56,9 k €	+34.7%	42,2 k €	+305%	10,4 k €	+31.4%	7,9 k €	-70.9%	27,3 k €	+20.1%	22,7 k €	-0.6%	22,8 k €	+2.8%	22,2 k €	+385%	-7,8 k €	+33.9%	-11,8 k €	-136%	33 k €	+20.7%	27,3 k €
Total assets	28,8 k €	-7.7%	31,1 k €	-13.2%	35,9 k €	-48.7%	70 k €	-46.9%	132 k €	-2.7%	135,7 k €	+9.3%	124,1 k €	-9.0%	136,4 k €	+2.1%	133,6 k €	+7.8%	123,9 k €	+106%	60,2 k €	+4.0%	57,9 k €	-40.2%	96,8 k €	-1.9%	98,6 k €	+211%	31,7 k €	-45.7%	58,3 k €	+24.8%	46,7 k €	-54.3%	102,4 k €	-23.0%	133 k €	-18.5%	163,1 k €
Cash	35,6 €	-96.9%	1,1 k €	-41.7%	2 k €	-56.4%	4,5 k €	-18.5%	5,5 k €	+15.9%	4,8 k €	+33.9%	3,6 k €	-80.1%	17,9 k €	+2677882%	0,7 €	-100.0%	18,2 k €	+238%	5,4 k €	-24.8%	7,2 k €	+35.6%	5,3 k €	-37.1%	8,4 k €	+309%	2,1 k €	-91.5%	24,2 k €	+763%	2,8 k €	-93.9%	46 k €		–		–
Debts	18,8 k €	-8.3%	20,5 k €	-26.5%	27,9 k €	-9.0%	30,6 k €	-11.2%	34,5 k €	-6.0%	36,7 k €	-5.7%	38,9 k €	-31.2%	56,6 k €	-20.7%	71,4 k €	-12.5%	81,6 k €	+64.0%	49,8 k €	-0.4%	50 k €	-28.1%	69,5 k €	-8.4%	75,9 k €	+759%	8,8 k €	-75.5%	36,1 k €	-24.5%	47,8 k €	-58.2%	114,2 k €	+14.2%	100 k €	-16.3%	119,6 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		2,2 ETP	-46.3%	4,1 ETP	+128%	1,8 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Johan Heselmans

Director · since 03 décembre 2003

Active

Ended mandates

Johan Heselmans

Manager · since 01 janvier 2004

Ended

Johan Heselmans

Director

Ended

Johan Heselmans

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
J. HESELMANS - BUSINESS CONSULTING● Active	0862.372.065

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	31/08/2026	23/06/2025	25/06/2024	27/06/2023	31/08/2022	31/08/2021
General meeting	19/06/2026	20/06/2025	21/06/2024	16/06/2023	17/06/2022	18/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	19/06/2026	31/08/2026	Dutch	PDF
Micro model	31/12/2024	20/06/2025	23/06/2025	Dutch	PDF
Micro model	31/12/2023	21/06/2024	25/06/2024	Dutch	PDF
Micro model	31/12/2022	16/06/2023	27/06/2023	Dutch	PDF
Micro model	31/12/2021	17/06/2022	31/08/2022	Dutch	PDF
Micro model	31/12/2020	18/06/2021	31/08/2021	Dutch	PDF
Micro model	31/12/2019	19/06/2020	24/07/2020	Dutch	PDF
Micro model	31/12/2018	21/06/2019	01/08/2019	Dutch	PDF
Micro model	31/12/2017	15/06/2018	24/07/2018	Dutch	PDF
Micro model	31/12/2016	16/06/2017	28/08/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	19/06/2015	05/08/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	25/08/2014	French	PDF
Abridged model	31/12/2012	21/06/2013	26/08/2013	French	PDF
Abridged model	31/12/2011	15/06/2012	29/08/2012	Dutch	PDF
Abridged model	31/12/2010	17/06/2011	14/07/2011	Dutch	PDF
Abridged model	31/12/2009	18/06/2010	29/06/2010	Dutch	PDF
Abridged model	31/12/2008	19/06/2009	30/06/2009	Dutch	PDF
Abridged model	31/12/2007	18/06/2008	02/07/2008	Dutch	PDF
Abridged model	31/12/2006	15/06/2007	20/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 31/12/2025 · 1 active · 3 ended

Active mandates

Johan Heselmans

Director · since 03 décembre 2003

Active

Ended mandates

Johan Heselmans

Manager · since 01 janvier 2004

Ended

Johan Heselmans

Director

Ended

Johan Heselmans

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/08/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Other24/02/2016
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office16/01/2015
SIEGE SOCIAL
PDF
Mandates04/10/2013
DEMISSIONS, NOMINATIONS
PDF
Registered office12/08/2013
SIEGE SOCIAL
PDF
Mandates03/04/2012
DENOMINATION - OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Registered office14/03/2012
MAATSCHAPPELIJKE ZETEL
PDF
Other18/03/2010
BENAMING
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 2025-689,5 €↓
2024
Annual accounts 20242,6 k €↑
2023
Annual accounts 2023-159,8 €↑
2022
Annual accounts 2022-58,1 k €↓
2021
Annual accounts 2021-1,5 k €↓
2020
Annual accounts 202013,8 k €↑
2019
Annual accounts 20195,4 k €↓
2018
Annual accounts 201822,9 k €↑
2017
Annual accounts 201714,6 k €↓
2016
Annual accounts 201631,8 k €↑
2015
Annual accounts 20152,5 k €↑
2014
Annual accounts 2014-19,3 k €↓
2013
Annual accounts 20134,6 k €↑
2012
Annual accounts 2012-136,5 €↓
2011
Annual accounts 2011620,5 €↓
2011
Name changeTHE SQUARE
2010
Annual accounts 201030 k €↑
2009
Annual accounts 20094 k €↑
2009
Name changeC-FLEX Management Services
2008
Annual accounts 2008-44,8 k €↓
2007
Annual accounts 20075,7 k €↑
2006
Annual accounts 20062 k €
2006
Name changeSYNTAXIS
03/12/2003
IncorporationPrivate limited company

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

THE SQUARE

Overview

What does THE SQUARE do?

Trend over 20 financial years

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