Summary
ESPACE has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 464 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
No current score
Insufficient figures
A score requires measurable solvency, liquidity and profitability. Missing figures are not a judgement about the company.
Axes · tick = 2024
Profitability-
Solvency34=
Growth52=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 88
Relative position
BE, all sectors
reference
Social work activities without accommodation (NACE 88)
about 62% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
9.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 464 sector peers (2025).
NBB · sector comparisonPosition among 464 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
1 d early
2023
35 d early
2022
31 d early
2021
38 d early
2020
31 d early
2019
30 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-6k
2023 · €67k
2018: €-6k
2019: €-1k▲ +78.0% vs 2018
2020: €-2k▼ -21.4% vs 2019
2021: €3k▲ +331% vs 2020
2022: €-11k▼ -422% vs 2021lowest in 7 years
2023: €67k▲ +697% vs 2022highest in 7 years
2024: €-6k▼ -109% vs 2023
2018 → 2024
Working capital
€84k▲ 22.5%
2024 · €68k
2018: €45k
2019: €49k▲ +8.1% vs 2018
2020: €-19k▼ -139% vs 2019lowest in 8 years
2021: €31k▲ +262% vs 2020
2022: €80k▲ +156% vs 2021
2023: €37k▼ -53.5% vs 2022
2024: €68k▲ +83.8% vs 2023
2025: €84k▲ +22.5% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-15k-€-27k▼ 72.7%€40k€34k▼ 14.8%€34k=
2021: €-15k
2022: €-27k▼ -72.7% vs 2021lowest in 5 years
2023: €40k▲ +251% vs 2022highest in 5 years
2024: €34k▼ -14.8% vs 2023
2025: €34k● 0.0% vs 2024
Operating result€4k-€-11k€67k€-6k€-29▲ 99.5%
2021: €4k
2022: €-11k▼ -398% vs 2021lowest in 5 years
2023: €67k▲ +714% vs 2022highest in 5 years
2024: €-6k▼ -110% vs 2023
2025: €-29▲ +99.5% vs 2024
Net result€3k-€-11k€67k€-6k
2021: €3k
2022: €-11k▼ -422% vs 2021lowest in 4 years
2023: €67k▲ +697% vs 2022highest in 4 years
2024: €-6k▼ -109% vs 2023
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €29 in 2025 against €6k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €367k
Fixed assets
€10k ▲ 195%
Current assets
€357k ▼ 0.7%
Equity and liabilities €367k
Equity
€34k =
Debt
€333k ▲ 1.3%
Debt's share of the balance-sheet total rises from 90.6% to 90.7%. Debt is higher.
Key figures and ratios
EBITDA
€649
Current ratio
1.31▲
2024 · 1.23
Debt to equity
9.73▲
2024 · 9.60
Interest coverage
1.10
Debt ≤ 1 year
€274k▼
2024 · €292k
Staff costs
€684k▲
2024 · €656k
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 · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€363k€367k▲
Fixed assets21/28€3k€10k▲
Tangible fixed assets22/27-€6k
Other tangible fixed assets26-€6k
Financial fixed assets28€3k€4k▲
Current assets29/58€360k€357k▼
Amounts receivable within one year40/41€77k€79k▲
Trade receivables40-€65
Other amounts receivable41€77k€79k▲
Current investments50/53€2k€2k=
Cash at bank and in hand54/58€276k€276k▼
Deferred charges and accrued income490/1€5k€234▼
Equity and liabilities
Total equity and liabilities10/49€363k€367k▲
Equity10/15€34k€34k=
Profit (loss) carried forward14€34k€34k=
Amounts payable17/49€329k€333k▲
Amounts payable within one year42/48€292k€274k▼
Trade debts44€319€92▼
Suppliers440/4€319€92▼
Taxes, remuneration and social security45€104k€102k▼
Taxes450/3€14k€6k▼
Remuneration and social security454/9€90k€96k▲
Accrued charges and deferred income492/3€37k€59k▲
Income statement
Code20242025
Goods, raw materials, services and sundry goods60/61€60k-
Remuneration, social security and pensions62€656k€684k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€678
Other operating charges640/8€80€80=
Gross operating margin9900€649k€685k▲
Operating profit (loss)9901€-6k€-29▲
Financial income75/76B€757€618▼
Recurring financial income75€757€618▼
Financial charges65/66B€350€589▲
Recurring financial charges65€350€589▲
Profit (loss) for the period before taxes9903€-6k-
Profit (loss) for the period9904€-6k-
Profit (loss) for the period to be appropriated9905€-6k-
Appropriation of the result
Profit (loss) to be appropriated9906€34k€34k=
Profit (loss) brought forward from the previous period14P€40k€34k▼
Social balance
Average headcount (FTE)90878.47.7▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €60k | - | - |
| Remuneration, social security and pensions62 | €560k | €560k | €578k | €656k | €684k | ▲ 4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €434 | €324 | €973 | - | €678 | - |
| Other operating charges640/8 | €1k | €1k | €196 | €80 | €80 | = |
| Gross operating margin9900 | €565k | €551k | €646k | €649k | €685k | ▲ 5.5% |
| Operating profit (loss)9901 | €4k | €-11k | €67k | €-6k | €-29 | ▲ 99.5% |
| Financial income75/76B | €1 | - | €337 | €757 | €618 | ▼ 18.3% |
| Recurring financial income75 | €1 | - | €337 | €757 | €618 | ▼ 18.3% |
| Financial charges65/66B | €167 | €321 | €262 | €350 | €589 | ▲ 68.4% |
| Recurring financial charges65 | €167 | €321 | €262 | €350 | €589 | ▲ 68.4% |
| Profit (loss) for the period before taxes9903 | €3k | €-11k | €67k | €-6k | - | - |
| Profit (loss) for the period9904 | €3k | €-11k | €67k | €-6k | - | - |
| Profit (loss) for the period to be appropriated9905 | €3k | €-11k | €67k | €-6k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €203k | €215k | €326k | €363k | €367k | ▲ 1.1% |
| Fixed assets21/28 | €5k | €4k | €3k | €3k | €10k | ▲ 195% |
| Tangible fixed assets22/27 | €1k | €973 | - | - | €6k | - |
| Furniture and vehicles24 | €1k | €973 | - | - | - | - |
| Other tangible fixed assets26 | - | - | - | - | €6k | - |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | €4k | ▲ 15.1% |
| Current assets29/58 | €198k | €211k | €323k | €360k | €357k | ▼ 0.7% |
| Amounts receivable within one year40/41 | €4k | €18k | €72k | €77k | €79k | ▲ 3.5% |
| Trade receivables40 | - | €573 | - | - | €65 | - |
| Other amounts receivable41 | €4k | €18k | €72k | €77k | €79k | ▲ 3.4% |
| Current investments50/53 | €2k | €2k | €2k | €2k | €2k | = |
| Cash at bank and in hand54/58 | €187k | €185k | €243k | €276k | €276k | ▼ 0.1% |
| Deferred charges and accrued income490/1 | €5k | €5k | €6k | €5k | €234 | ▼ 95.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €203k | €215k | €326k | €363k | €367k | ▲ 1.1% |
| Equity10/15 | €-15k | €-27k | €40k | €34k | €34k | = |
| Profit (loss) carried forward14 | €-15k | €-27k | €40k | €34k | €34k | = |
| Amounts payable17/49 | €218k | €242k | €286k | €329k | €333k | ▲ 1.3% |
| Amounts payable within one year42/48 | €167k | €131k | €286k | €292k | €274k | ▼ 6.1% |
| Trade debts44 | €2k | €3k | €90 | €319 | €92 | ▼ 71.1% |
| Suppliers440/4 | €2k | €3k | €90 | €319 | €92 | ▼ 71.1% |
| Taxes, remuneration and social security45 | €84k | €103k | €97k | €104k | €102k | ▼ 1.7% |
| Taxes450/3 | €11k | €19k | €15k | €14k | €6k | ▼ 54.3% |
| Remuneration and social security454/9 | €74k | €84k | €82k | €90k | €96k | ▲ 6.6% |
| Accrued charges and deferred income492/3 | €51k | €111k | €312 | €37k | €59k | ▲ 58.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €-11k | €67k | €-6k | - | - |
| + Depreciation and write-downs630 | €434 | €324 | €973 | - | €678 | - |
| Operating cash flow (approximation) | €4k | €-11k | €68k | €-6k | €678 | ▲ 111% |
| Investment in fixed assets (approximation) | - | €0 | €-11 | €-25 | €-7k | ▼ 28,861% |
| Change in cash | - | €-2k | €58k | €33k | €-143 | ▼ 100% |
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
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €67k
Net result €67k after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €3k
Net result €3k after 3 loss-making years.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ottignies-Louvain-la-Neuve · 1 establishment unit since 1985
Ground area
600 m²
Building footprint
130 m²
Volume, LiDAR
317 m³
2 parcels, Wallonia · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ESPACE
since 19852.160.500.497
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25083D0068/00M004 | Wallonia | 391 m² | 1 · 43 m² | 8.7 m · 2 fl. |
| 25772F0262/00C002 | Wallonia | 208 m² | 1 · 87 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Wallonia-Brussels Federation
2021 to 2025 · 18 entries · 1,821,571 EUR in total| Year | Entries | paid |
|---|---|---|
| 2025 | 14 | 638,907 EUR |
| 2023 | 1 | 618,362 EUR |
| 2022 | 1 | 516,766 EUR |
| 2021 | 2 | 47,535 EUR |
Budget allocations
Subventions aux services d'accompagnement
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FONDATION POUR L'ASSISTANCE MORALE AUX DETENUS - STICHTING VOOR MORELE BIJSTAND AAN GEVANGENEN
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Support Lise
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Interm'Aide
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Of 2,203 companies in sector 88999 we hold annual accounts for 802. 409 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded10-01-1985
Fiscal year end31-12
Activities, NACEBEL 2025
88999Other social work without accommodation
Scores and ratios are computed by Checked and are not a credit decision.