E.SPACE
ActiveSummary
E.SPACE has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-192k) and a net result of €-74k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 9715 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability17▼-3
Solvency4▼-12
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.82 against 0.92 in 2023; short-term debt: 121.4% and cash: 7.6% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-21.4%
Return on assets
-8.2%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year €-192k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
12 d late
2022
32 d early
2021
25 d early
2020
33 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€-192k▼ 62.6%
2023 · €-118k
2020: €17khighest in 5 years
2021: €-1k▼ -109% vs 2020
2022: €-27k▼ -1816% vs 2021
2023: €-118k▼ -331% vs 2022
2024: €-192k▼ -62.6% vs 2023lowest in 5 years
2020 → 2024
Total assets
€899k▼ 31.3%
2023 · €1.31M
2020: €574klowest in 5 years
2021: €1.41M▲ +146% vs 2020highest in 5 years
2022: €1.24M▼ -12.4% vs 2021
2023: €1.31M▲ +5.5% vs 2022
2024: €899k▼ -31.3% vs 2023
2020 → 2024
Net result
€-74k▲ 18.5%
2023 · €-91k
2020: €-3khighest in 5 years
2021: €-18k▼ -431% vs 2020
2022: €-26k▼ -44.1% vs 2021
2023: €-91k▼ -249% vs 2022lowest in 5 years
2024: €-74k▲ +18.5% vs 2023
2020 → 2024
Working capital
€-194k▼ 69.3%
2023 · €-115k
2020: €17khighest in 5 years
2021: €-1k▼ -109% vs 2020
2022: €-31k▼ -2036% vs 2021
2023: €-115k▼ -275% vs 2022
2024: €-194k▼ -69.3% vs 2023lowest in 5 years
2020 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€17k-€-1k€-27k▼ 1,816%€-118k▼ 331%€-192k▼ 62.6%
2020: €17khighest in 5 years
2021: €-1k▼ -109% vs 2020
2022: €-27k▼ -1816% vs 2021
2023: €-118k▼ -331% vs 2022
2024: €-192k▼ -62.6% vs 2023lowest in 5 years
Operating result€-7k-€-9k▼ 29.7%€-14k▼ 51.5%€-59k▼ 322%€-35k▲ 41.2%
2020: €-7khighest in 5 years
2021: €-9k▼ -29.7% vs 2020
2022: €-14k▼ -51.5% vs 2021
2023: €-59k▼ -322% vs 2022lowest in 5 years
2024: €-35k▲ +41.2% vs 2023
Net result€-3k-€-18k▼ 431%€-26k▼ 44.1%€-91k▼ 249%€-74k▲ 18.5%
2020: €-3khighest in 5 years
2021: €-18k▼ -431% vs 2020
2022: €-26k▼ -44.1% vs 2021
2023: €-91k▼ -249% vs 2022lowest in 5 years
2024: €-74k▲ +18.5% vs 2023
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €35k in 2024 against €59k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €899k
Fixed assets
€2k ▼ 33.3%
Current assets
€896k ▼ 31.3%
Key figures and ratios
Solvency
-21.4%▼
2023 · -9.0%
Current ratio
0.82▼
2023 · 0.92
Quick ratio
0.34▲
2023 · 0.03
Debt to equity
-5.68▲
2023 · -12.07
ROA
-8.2%▼
2023 · -6.9%
Debt
€1.09M▼
2023 · €1.43M
Debt ≤ 1 year
€1.09M▼
2023 · €1.42M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 39 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.31M€899k▼
Fixed assets21/28€3k€2k▼
Financial fixed assets28€3k€2k▼
Current assets29/58€1.30M€896k▼
Stocks and contracts in progress3€1.27M€526k▼
Stocks30/36€1.27M€526k▼
Amounts receivable within one year40/41€28k€302k▲
Trade receivables40€24k€277k▲
Other amounts receivable41€3k€25k▲
Cash at bank and in hand54/58€9k€69k▲
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€1.31M€899k▼
Equity10/15€-118k€-192k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€-138k€-212k▼
Amounts payable17/49€1.43M€1.09M▼
Amounts payable within one year42/48€1.42M€1.09M▼
Financial debts43€708k€464k▼
Credit institutions430/8€708k€464k▼
Trade debts44-€3k
Suppliers440/4-€3k
Taxes, remuneration and social security45-€16k
Taxes450/3-€16k
Other amounts payable47/48€711k€608k▼
Accrued charges and deferred income492/3€7k€123▼
Income statement
Code20232024
Other operating charges640/8€4k€115▼
Gross operating margin9900€-55k€-35k▲
Operating profit (loss)9901€-59k€-35k▲
Financial income75/76B€74€0▼
Recurring financial income75€74€0▼
Financial charges65/66B€31k€39k▲
Recurring financial charges65€31k€31k▼
Non-recurring financial charges66B€0€8k▲
Profit (loss) for the period before taxes9903€-91k€-74k▲
Profit (loss) for the period9904€-91k€-74k▲
Profit (loss) for the period to be appropriated9905€-91k€-74k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-138k€-212k▼
Profit (loss) brought forward from the previous period14P€-47k€-138k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €428 | €2k | €4k | €115 | ▼ 97.2% |
| Gross operating margin9900 | €-6k | €-9k | €-12k | €-55k | €-35k | ▲ 37.0% |
| Operating profit (loss)9901 | €-7k | €-9k | €-14k | €-59k | €-35k | ▲ 41.2% |
| Financial income75/76B | - | €3k | €208 | €74 | €0 | ▼ 100.0% |
| Recurring financial income75 | €4k | €3k | €208 | €74 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | €12k | €12k | €31k | €39k | ▲ 24.5% |
| Recurring financial charges65 | €430 | €11k | €10k | €31k | €31k | ▼ 0.5% |
| Non-recurring financial charges66B | - | €250 | €2k | €0 | €8k | - |
| Profit (loss) for the period before taxes9903 | €-3k | €-18k | €-26k | €-91k | €-74k | ▲ 18.5% |
| Profit (loss) for the period9904 | €-3k | €-18k | €-26k | €-91k | €-74k | ▲ 18.5% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €-18k | €-26k | €-91k | €-74k | ▲ 18.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €574k | €1.41M | €1.24M | €1.31M | €899k | ▼ 31.3% |
| Fixed assets21/28 | - | - | €3k | €3k | €2k | ▼ 33.3% |
| Financial fixed assets28 | - | - | €3k | €3k | €2k | ▼ 33.3% |
| Current assets29/58 | €574k | €1.41M | €1.24M | €1.30M | €896k | ▼ 31.3% |
| Stocks and contracts in progress3 | €486k | €1.41M | €1.10M | €1.27M | €526k | ▼ 58.6% |
| Stocks30/36 | - | €1.41M | €1.10M | €1.27M | €526k | ▼ 58.6% |
| Amounts receivable within one year40/41 | €9k | €5k | €40k | €28k | €302k | ▲ 993% |
| Trade receivables40 | - | - | €30k | €24k | €277k | ▲ 1,045% |
| Other amounts receivable41 | - | €5k | €10k | €3k | €25k | ▲ 630% |
| Cash at bank and in hand54/58 | €76k | €599 | €93k | €9k | €69k | ▲ 695% |
| Deferred charges and accrued income490/1 | - | €1k | €131 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €574k | €1.41M | €1.24M | €1.31M | €899k | ▼ 31.3% |
| Equity10/15 | €17k | €-1k | €-27k | €-118k | €-192k | ▼ 62.6% |
| Contributions10/11 | - | €20k | €20k | €20k | €20k | = |
| Profit (loss) carried forward14 | €-3k | €-21k | €-47k | €-138k | €-212k | ▼ 53.5% |
| Amounts payable17/49 | €557k | €1.42M | €1.27M | €1.43M | €1.09M | ▼ 23.5% |
| Amounts payable within one year42/48 | €557k | €1.42M | €1.27M | €1.42M | €1.09M | ▼ 23.2% |
| Financial debts43 | - | €708k | €708k | €708k | €464k | ▼ 34.5% |
| Credit institutions430/8 | - | €708k | €708k | €708k | €464k | ▼ 34.5% |
| Trade debts44 | €16k | €126k | €0 | - | €3k | - |
| Suppliers440/4 | - | €126k | €0 | - | €3k | - |
| Advances received on contracts in progress46 | - | €427k | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | - | €16k | - |
| Taxes450/3 | - | - | - | - | €16k | - |
| Other amounts payable47/48 | - | €155k | €559k | €711k | €608k | ▼ 14.5% |
| Accrued charges and deferred income492/3 | - | - | - | €7k | €123 | ▼ 98.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €-18k | €-26k | €-91k | €-74k | ▲ 18.5% |
| Operating cash flow (approximation) | €-3k | €-18k | €-26k | €-91k | €-74k | ▲ 18.5% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €1k | - |
| Change in cash | - | €-76k | €92k | €-84k | €60k | ▲ 171% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
16-09
State Gazette act
General meeting · Registered-office movePower of attorney3 facts ▸
State Gazette act
General meeting · Registered-office move
Power of attorney3 facts ▸
- General meeting, 01-07-2026
- Registered-office move, Krevelstraat 11/A, 8581 Kerkhove
- Power of attorney, Deseyn & Taelman
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 12 days late
2023
31-12
Financial
Weakest financial yearnet €-91k
Net result drops to €-91k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Avelgem · 1 establishment unit since 2019
Ground area
1,691 m²
Building footprint
549 m²
Volume, LiDAR
2,883 m³
Parcel 34020A0352/00K000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
E.SPACE
since 20192.294.359.707
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34020A0352/00K000 | Flanders | 1,691 m² | 1 · 549 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 3,800 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-09-2019
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
Scores and ratios are computed by Checked and are not a credit decision.