ACTIVE

C-Square Invest

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Financial year 2025 · closed on 31/12/2025

Net result

-372,2 k €

-374.3% YoY

Gross margin

-370,8 k €

-12721.6% YoY

Equity

779,4 k €

-32.3% YoY

What does C-Square Invest do?

C-Square Invest is a Private limited company incorporated in 2004. Its main activity is: Management consultancy activities. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0864.962.262

Incorporation

27/04/2004

Legal form

Private limited company

Registered office

Mechelsesteenweg 180 box 3A
2018 Antwerpen · FlandreSee on map

Contributed capital

230 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities

Signals

Solid equity

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-370,8 k €	-12722%	2,9 k €	-85.5%	20,2 k €	-83.2%	120,4 k €	+492%	20,4 k €	+8.7%	18,7 k €	+37.2%	13,7 k €	+55.8%	8,8 k €	-94.3%	154,3 k €	-43.2%	271,6 k €	+104%	133 k €	-0.9%	134,2 k €	+45.8%	92,1 k €	+216%	29,2 k €	+259%	-18,4 k €	-2207%	-795,9 €	-1203%	-61,1 €	-101%	5,5 k €	+8624%	-64,4 €
EBITDA	-371,2 k €	-14004%	2,7 k €	-86.7%	20,1 k €	-83.3%	120,3 k €	+494%	20,3 k €	+8.7%	18,6 k €	+37.8%	13,5 k €	+56.6%	8,6 k €	-94.4%	154,2 k €	-43.2%	271,5 k €	+104%	132,9 k €	-0.9%	134,1 k €	+45.9%	91,9 k €	+217%	29 k €	+250%	-19,4 k €	-1099%	-1,6 k €	-91.2%	-845,7 €	-120%	4,3 k €	+444%	-1,3 k €
Operating result	-371,2 k €	-14004%	2,7 k €	-86.7%	20,1 k €	-83.3%	120,3 k €	+494%	20,3 k €	+8.7%	18,6 k €	+37.8%	13,5 k €	+56.6%	8,6 k €	-94.4%	154,2 k €	-43.2%	271,5 k €	+104%	132,9 k €	-0.7%	133,9 k €	+46.0%	91,7 k €	+218%	28,8 k €	+249%	-19,4 k €	-326%	-4,6 k €	+63.2%	-12,4 k €	-71.5%	-7,2 k €	+43.2%	-12,7 k €
Net result	-372,2 k €	-374%	135,7 k €	+1490%	8,5 k €	-89.0%	77,5 k €	+673%	10 k €	+29.1%	7,8 k €	+72.8%	4,5 k €	-52.3%	9,4 k €	-93.3%	141,4 k €	-29.9%	201,9 k €	+126%	89,5 k €	-2.7%	91,9 k €	+30.2%	70,6 k €	-16.2%	84,2 k €	+964%	-9,8 k €	-115%	-4,5 k €	+63.3%	-12,4 k €	-70.4%	-7,2 k €	+43.2%	-12,8 k €
Balance sheet
Equity	779,4 k €	-32.3%	1,2 M €	+13.4%	1 M €	+0.8%	1 M €	+8.3%	929,8 k €	+2.1%	910,4 k €	+0.9%	902,6 k €	+0.5%	898,1 k €	+1.1%	888,7 k €	+18.9%	747,3 k €	+37.0%	545,4 k €	+19.6%	455,9 k €	+25.3%	364 k €	+24.1%	293,4 k €	+40.2%	209,2 k €	+774%	-31 k €	-17.1%	-26,5 k €	-87.4%	-14,1 k €	-105%	-6,9 k €
Total assets	1,4 M €	+9.3%	1,2 M €	+7.3%	1,2 M €	-7.7%	1,3 M €	+6.0%	1,2 M €	+2.1%	1,2 M €	+2.7%	1,1 M €	-1.3%	1,1 M €	-9.6%	1,3 M €	+15.4%	1,1 M €	+10.3%	992 k €	+3.8%	955,7 k €	+3.9%	919,9 k €	+0.8%	912,6 k €	+1.0%	903,4 k €	+21202%	4,2 k €	-62.1%	11,2 k €	-57.8%	26,5 k €	-22.5%	34,2 k €
Cash	5 k €	-90.4%	51,7 k €	+244%	15 k €	+400%	3 k €	-71.3%	10,5 k €	-56.9%	24,4 k €	+925%	2,4 k €	-85.2%	16,1 k €	-68.8%	51,5 k €	+13465%	379,9 €	-97.7%	16,5 k €	+2665%	596,7 €	-93.8%	9,6 k €	+215%	3,1 k €	+474%	533,2 €	-86.9%	4,1 k €	+55.8%	2,6 k €	-66.2%	7,8 k €	-5.7%	8,2 k €
Debts	577,1 k €	+551%	88,6 k €	-37.1%	140,9 k €	-42.5%	245 k €	-2.5%	251,2 k €	+4.0%	241,5 k €	+10.7%	218,2 k €	-8.6%	238,8 k €	-35.5%	370,2 k €	+7.5%	344,5 k €	-22.3%	443,3 k €	-10.7%	496,6 k €	-10.0%	552 k €	-10.9%	619,2 k €	-10.8%	694,1 k €	+1868%	35,3 k €	-6.4%	37,7 k €	-7.3%	40,6 k €	-1.1%	41,1 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 · 4 active · 13 ended

Active mandates

Capital C

Director · since 14 août 2024 · 0833.535.747

Represented by Jan CEULEMANS

Active

Eldina

Director · since 14 août 2024 · 0788.884.172

Represented by Bram SCHEERLINCK

Active

Limnacon

Director · since 14 août 2024 · 1012.154.121

Represented by Lieven MICLOTTE

Active

MEJA

Director · since 14 août 2024 · 0771.740.908

Represented by Maxim Dierckx

Active

Ended mandates

Jan Ceulemans

Director · since 16 mars 2018

Ended

Jan Ceulemans

Manager · since 16 mars 2018

Ended

Maarten Perdieus

Manager · since 18 octobre 2013

Ended

Jan Ceulemans

Manager · since 22 décembre 2010

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	20/07/2026	23/07/2025	24/06/2024	20/07/2023	26/08/2022	10/06/2021
General meeting	13/07/2026	30/06/2025	24/06/2024	30/06/2023	25/08/2022	09/06/2021
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
Abridged model	31/12/2025	13/07/2026	20/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	23/07/2025	Dutch	PDF
Abridged model	31/12/2023	24/06/2024	24/06/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	20/07/2023	Dutch	PDF
Abridged model	31/12/2021	25/08/2022	26/08/2022	Dutch	PDF
Abridged model	31/12/2020	09/06/2021	10/06/2021	Dutch	PDF
Abridged model	31/12/2019	07/05/2020	08/05/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	26/07/2019	Dutch	PDF
Abridged model	31/12/2017	04/06/2018	16/07/2018	Dutch	PDF
Abridged model	31/12/2016	24/07/2017	31/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	22/07/2016	Dutch	PDF
Abridged model	31/12/2014	04/03/2015	06/03/2015	Dutch	PDF
Abridged model	31/12/2013	09/05/2014	06/06/2014	Dutch	PDF
Abridged model	31/12/2012	15/04/2013	13/05/2013	Dutch	PDF
Abridged model	31/12/2011	15/05/2012	25/06/2012	Dutch	PDF
Abridged model	31/12/2010	26/05/2011	27/05/2011	Dutch	PDF
Abridged model	31/12/2009	29/04/2010	03/05/2010	Dutch	PDF
Abridged model	31/12/2008	25/06/2009	26/06/2009	Dutch	PDF
Abridged model	31/12/2007	01/07/2008	02/07/2008	Dutch	PDF
Abridged model	31/12/2006	05/06/2007	05/06/2007	Dutch	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 · 4 active · 13 ended

Active mandates

Capital C

Director · since 14 août 2024 · 0833.535.747

Represented by Jan CEULEMANS

Active

Eldina

Director · since 14 août 2024 · 0788.884.172

Represented by Bram SCHEERLINCK

Active

Limnacon

Director · since 14 août 2024 · 1012.154.121

Represented by Lieven MICLOTTE

Active

MEJA

Director · since 14 août 2024 · 0771.740.908

Represented by Maxim Dierckx

Active

Ended mandates

Jan Ceulemans

Director · since 16 mars 2018

Ended

Jan Ceulemans

Manager · since 16 mars 2018

Ended

Maarten Perdieus

Manager · since 18 octobre 2013

Ended

Jan Ceulemans

Manager · since 22 décembre 2010

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/08/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office30/07/2024
MAATSCHAPPELIJKE ZETEL
PDF
Mandates21/09/2018
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/03/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/11/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/01/2011
BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Other06/05/2004
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 2025-372,2 k €↓
2024
Annual accounts 2024135,7 k €↑
2023
Annual accounts 20238,5 k €↓
2022
Annual accounts 202277,5 k €↑
2021
Annual accounts 202110 k €↑
2019
Annual accounts 20197,8 k €↑
2018
Annual accounts 20184,5 k €↓
2017
Annual accounts 20179,4 k €↓
2016
Annual accounts 2016141,4 k €↓
2015
Annual accounts 2015201,9 k €↑
2014
Annual accounts 201489,5 k €↓
2013
Annual accounts 201391,9 k €↑
2012
Annual accounts 201270,6 k €↓
2011
Annual accounts 201184,2 k €↑
2010
Annual accounts 2010-9,8 k €↓
2010
Name changeC-Square Invest
2009
Annual accounts 2009-4,5 k €↑
2008
Annual accounts 2008-12,4 k €↓
2007
Annual accounts 2007-7,2 k €↑
2006
Annual accounts 2006-12,8 k €
2006
Name changeSirvaco
27/04/2004
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

C-Square Invest

Overview

What does C-Square Invest do?

Trend over 19 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