Summary
ESPACE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €76,109 and a net result of €1,069. Equity remains stable across the filed financial years (±1.4% per year). Its solvency ranks better than 74% of 1,840 sector peers (NACE 66, financial year 2025). The company has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (27 days) Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00433227.
Equity
€76,109▲ 1.4%
2024 · €75,041
Net result
€1,069▼ 63.4%
2024 · €2,921
Total assets
€114,372▲ 9.9%
2024 · €104,114
Solvency
66.5%▼ 5.5pp
2024 · 72.1%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 10% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€5,548
2025
Net result€1,069
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€114,372
2025
Equity€76,109
2025
Debt€38,263
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€28,867
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)0.9%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency66.5%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.76
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)1
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 66, Activities auxiliary to financial services and insurance activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€7,117--€16,277€16,342-€268€14,155-€3,534€6,160€5,548▼ 9.9%
Net result€3,563--€27,727€14,596within the sector's middle half-€2,549below the sector's middle half€8,361within the sector's middle half-€4,888below the sector's middle half€2,921below the sector's middle half€1,069below the sector's middle half▼ 63.4%
Equity€84,326-€56,599▼ 32.9%€71,196within the sector's middle half▲ 25.8%€68,647within the sector's middle half▼ 3.6%€77,008within the sector's middle half▲ 12.2%€72,120within the sector's middle half▼ 6.3%€75,041within the sector's middle half▲ 4.1%€76,109within the sector's middle half▲ 1.4%
Total assets€134,638-€102,239▼ 24.1%€189,179within the sector's middle half▲ 85.0%€159,257within the sector's middle half▼ 15.8%€163,729within the sector's middle half▲ 2.8%€129,868below the sector's middle half▼ 20.7%€104,114below the sector's middle half▼ 19.8%€114,372below the sector's middle half▲ 9.9%
Debt€50,312-€45,639▼ 9.3%€117,984▲ 159%€90,610▼ 23.2%€86,722▼ 4.3%€57,749▼ 33.4%€29,074▼ 49.7%€38,263▲ 31.6%
Working capital€25,266-€9,058▼ 64.2%€6,911within the sector's middle half▼ 23.7%€4,640within the sector's middle half▼ 32.9%€10,201within the sector's middle half▲ 120%€653within the sector's middle half▼ 93.6%€25,834within the sector's middle half▲ 3,858%€28,867within the sector's middle half▲ 11.7%
Solvency62.6%-55.4%▼ 7.3pp37.6%within the sector's middle half▼ 17.7pp43.1%within the sector's middle half▲ 5.5pp47.0%within the sector's middle half▲ 3.9pp55.5%within the sector's middle half▲ 8.5pp72.1%within the sector's middle half▲ 16.5pp66.5%within the sector's middle half▼ 5.5pp
Current ratio1.63-1.25▼ 0.371.15within the sector's middle half▼ 0.111.10within the sector's middle half▼ 0.051.16within the sector's middle half▲ 0.061.01within the sector's middle half▼ 0.151.89within the sector's middle half▲ 0.881.76within the sector's middle half▼ 0.13
Return on assets (ROA)2.6%--27.1%▼ 29.8pp7.7%within the sector's middle half▲ 34.8pp-1.6%below the sector's middle half▼ 9.3pp5.1%within the sector's middle half▲ 6.7pp-3.8%below the sector's middle half▼ 8.9pp2.8%within the sector's middle half▲ 6.6pp0.9%below the sector's middle half▼ 1.9pp
Staff (FTE)1-1=1within the sector's middle half=1=1=1=1=1below the sector's middle half=
above
within
below
the middle half of NACE 66, Activities auxiliary to financial services and insurance activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €114,372
Fixed assets
€47,543 ▼ 3.5%
Current assets
€66,829 ▲ 21.9%
Equity and liabilities €114,372
Equity
€76,109 ▲ 1.4%
Debt
€38,263 ▲ 31.6%
Debt's share of the balance-sheet total rises from 27.9% to 33.5%. Equity and debt are higher.
Key figures and ratios
ROE
1.4%▼
2024 · 3.9%
Debt ≤ 1 year
€37,962▲
2024 · €29,008
Income taxes
€2,904▲
2024 · €2,037
Staff costs
€49,099▲
2024 · €46,912
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €37,096 | €39,751 | €43,960 | €46,912 | €49,099 | ▲ 4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,836 | €13,117 | €37,260 | €27,638 | €24,809 | €23,196 | €24,369 | €2,969 | ▼ 87.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €2,656 | €2,559 | €1,510 | €1,377 | €2,670 | ▲ 93.8% |
| Non-recurring operating charges66A | - | - | - | €599 | €1,307 | €6,628 | - | - | - |
| Gross operating margin9900 | €55,191 | €31,838 | €87,514 | €67,721 | €82,581 | €71,760 | €78,818 | €60,286 | ▼ 23.5% |
| Operating profit (loss)9901 | €7,117 | -€16,277 | €16,342 | -€268 | €14,155 | -€3,534 | €6,160 | €5,548 | ▼ 9.9% |
| Financial income75/76B | - | - | - | €8 | €1 | €6 | €77 | €6 | ▼ 92.5% |
| Recurring financial income75 | €561 | €2 | €4 | €8 | €1 | €6 | €77 | €6 | ▼ 92.5% |
| Financial charges65/66B | - | - | - | €1,497 | €1,388 | €1,154 | €1,279 | €1,582 | ▲ 23.7% |
| Recurring financial charges65 | €498 | €460 | €1,582 | €1,497 | €1,388 | €1,154 | €1,279 | €1,582 | ▲ 23.7% |
| Profit (loss) for the period before taxes9903 | €7,180 | -€16,736 | €14,764 | -€1,757 | €12,768 | -€4,682 | €4,958 | €3,972 | ▼ 19.9% |
| Income taxes67/77 | €3,617 | €10,991 | €168 | €792 | €4,407 | €206 | €2,037 | €2,904 | ▲ 42.5% |
| Profit (loss) for the period9904 | €3,563 | -€27,727 | €14,596 | -€2,549 | €8,361 | -€4,888 | €2,921 | €1,069 | ▼ 63.4% |
| Profit (loss) for the period to be appropriated9905 | €3,563 | -€27,727 | €14,596 | -€2,549 | €8,361 | -€4,888 | €2,921 | €1,069 | ▼ 63.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €134,638 | €102,239 | €189,179 | €159,257 | €163,729 | €129,868 | €104,114 | €114,372 | ▲ 9.9% |
| Fixed assets21/28 | €68,950 | €57,521 | €135,349 | €108,748 | €90,379 | €73,641 | €49,272 | €47,543 | ▼ 3.5% |
| Intangible fixed assets21 | €20,263 | €10,000 | €84,000 | €63,000 | €42,000 | €21,000 | - | - | - |
| Tangible fixed assets22/27 | €48,266 | €47,099 | €50,928 | €45,327 | €47,958 | €52,219 | €48,851 | €47,121 | ▼ 3.5% |
| Land and buildings22 | - | - | - | €38,258 | €38,258 | €38,258 | €38,258 | €38,258 | = |
| Furniture and vehicles24 | - | - | - | €3,084 | €1,459 | €7,458 | €5,684 | €5,332 | ▼ 6.2% |
| Other tangible fixed assets26 | - | - | - | €3,984 | €8,241 | €6,503 | €4,909 | €3,531 | ▼ 28.1% |
| Financial fixed assets28 | €421 | €421 | €421 | €421 | €421 | €421 | €421 | €421 | = |
| Current assets29/58 | €65,688 | €44,718 | €53,830 | €50,509 | €73,350 | €56,227 | €54,842 | €66,829 | ▲ 21.9% |
| Amounts receivable within one year40/41 | €52,225 | €42,830 | €45,544 | €44,703 | €51,008 | €47,474 | €48,546 | €53,026 | ▲ 9.2% |
| Trade receivables40 | - | - | - | €13,782 | €14,228 | €14,771 | €15,097 | €15,183 | ▲ 0.6% |
| Other amounts receivable41 | - | - | - | €30,920 | €36,780 | €32,703 | €33,449 | €37,843 | ▲ 13.1% |
| Cash at bank and in hand54/58 | €12,155 | €1,139 | €7,092 | €3,872 | €20,285 | €7,573 | €1,692 | €9,372 | ▲ 454% |
| Deferred charges and accrued income490/1 | - | - | - | €1,934 | €2,057 | €1,181 | €4,603 | €4,431 | ▼ 3.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €134,638 | €102,239 | €189,179 | €159,257 | €163,729 | €129,868 | €104,114 | €114,372 | ▲ 9.9% |
| Equity10/15 | €84,326 | €56,599 | €71,196 | €68,647 | €77,008 | €72,120 | €75,041 | €76,109 | ▲ 1.4% |
| Contributions10/11 | €61,984 | €61,984 | €61,984 | €61,984 | €61,984 | €61,984 | €61,984 | €61,984 | = |
| Capital10 | - | - | - | €61,984 | €61,984 | €61,984 | €61,984 | €61,984 | = |
| Issued capital100 | - | - | - | €61,984 | €61,984 | €61,984 | €61,984 | €61,984 | = |
| Reserves13 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Non-distributable reserves130/1 | - | - | - | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Legal reserve130 | - | - | - | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €17,342 | -€10,385 | €4,212 | €1,663 | €10,024 | €5,136 | €8,057 | €9,125 | ▲ 13.3% |
| Amounts payable17/49 | €50,312 | €45,639 | €117,984 | €90,610 | €86,722 | €57,749 | €29,074 | €38,263 | ▲ 31.6% |
| Amounts payable after more than one year17 | - | - | €65,603 | €44,632 | €23,368 | €2,110 | - | - | - |
| Financial debts170/4 | - | - | - | €44,632 | €23,368 | €2,110 | - | - | - |
| Amounts payable within one year42/48 | €40,422 | €35,660 | €46,919 | €45,868 | €63,150 | €55,575 | €29,008 | €37,962 | ▲ 30.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €20,972 | €21,263 | €21,258 | €1,810 | - | - |
| Financial debts43 | - | - | - | €304 | €19,775 | €5,012 | €6,981 | €11,497 | ▲ 64.7% |
| Credit institutions430/8 | - | - | - | €304 | €19,775 | €5,012 | €6,981 | €11,497 | ▲ 64.7% |
| Trade debts44 | €2,032 | €4,856 | €7,333 | €7,553 | €6,170 | €8,855 | €2,514 | €7,823 | ▲ 211% |
| Suppliers440/4 | - | - | - | €7,553 | €6,170 | €8,855 | €2,514 | €7,823 | ▲ 211% |
| Taxes, remuneration and social security45 | - | - | - | €12,449 | €14,141 | €18,648 | €15,902 | €16,840 | ▲ 5.9% |
| Taxes450/3 | - | - | - | €4,297 | €4,477 | €6,064 | €4,778 | €4,952 | ▲ 3.6% |
| Remuneration and social security454/9 | - | - | - | €8,152 | €9,664 | €12,584 | €11,124 | €11,888 | ▲ 6.9% |
| Other amounts payable47/48 | - | - | - | €4,591 | €1,801 | €1,801 | €1,801 | €1,801 | = |
| Accrued charges and deferred income492/3 | - | - | - | €110 | €204 | €64 | €66 | €301 | ▲ 358% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,563 | -€27,727 | €14,596 | -€2,549 | €8,361 | -€4,888 | €2,921 | €1,069 | ▼ 63.4% |
| + Depreciation and write-downs630 | €12,836 | €13,117 | €37,260 | €27,638 | €24,809 | €23,196 | €24,369 | €2,969 | ▼ 87.8% |
| Operating cash flow (approximation) | €16,398 | -€14,610 | €51,856 | €25,089 | €33,170 | €18,308 | €27,289 | €4,037 | ▼ 85.2% |
| Investment in fixed assets (approximation) | - | -€1,687 | -€115,089 | -€1,037 | -€6,440 | -€6,458 | €0 | -€1,239 | - |
| Change in cash | - | -€11,016 | €5,953 | -€3,220 | €16,413 | -€12,712 | -€5,881 | €7,680 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 27-08-2026 | 2026-00433227 |
| 31-12-2024 | micro format | 31-08-2025 | 2025-00459473 |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00406927 |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00416088 |
| 31-12-2021 | micro format | 25-08-2022 | 2022-20338623 |
| 31-12-2020 | micro format | 30-08-2021 | 2021-57000452 |
| 31-12-2019 | micro format | 10-11-2020 | 2020-70100249 |
| 31-12-2018 | micro format | 26-08-2019 | 2019-51200486 |
| 31-12-2017 | micro format | 30-08-2018 | 2018-56200304 |
| 31-12-2016 | micro format | 21-03-2018 | 2018-07300399 |
Similar companies · same sector, comparable size
Inge Moens
BE 0786.482.928
Dendermonde · equity €76,159
ART&MISIA
BE 0470.880.659
Andenne · equity €76,212
Begassur
BE 0419.151.153
Courcelles · equity €75,996
BENOIT STAPPAERTS
BE 0828.647.145
Hastière · equity €76,258
WEGASSUR
BE 0433.530.711
Lubbeek · equity €76,399
Of the 4,607 active companies whose main activity is insurance agents and brokers (NACE 66220), figures are known for 3,209. 2,541 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.