Equity
€2.0m ▲ 9.5%
ESPACE has made a profit in every financial year since 2006.
ESPACE
Lifetime
20 annual accounts with figures on one time axis, 24 filings since 2002peak €626,709 (2024)
€617,110▼ 1.5%
peak €443,916 (2024)
€415,787▼ 6.3%
peak €2.5m (2022)
€2.0m▲ 9.5%
€421,354▼ 22.8%
peak 0 FTE (2012)
-not published
Board1 name since 2001
1 directorLefranc Yves
Documentsfilings and deeds
08-06-202653 days before the deadline
2025abbreviated format
Dividend €239,369Debts from €545,630 to €421,354Investments €53,704Cash from €395,289 to €141,378
Key points
from the 2025 annual accountsTurnover
≈ €1.5m estimated
The abbreviated format states no turnover.
Investments
€53,704 2.2 × depreciation
Green is investment, beige is depreciation.
Liquidity
5.78 was 4.50 in 2024
Short-term debts fell from €521,116 to €409,860.
Filings
24 annual accounts since 2002
The last five annual accounts were filed 20 to 111 days before the end of the period.
Position in the sector
€415,787
Higher net result than 95% of companies in printing. Sector median €11,544 · 359 companies.
Checked score
98
Excellent
Financially stronger than 83% of small companies in printing (NACE 18)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 136 companies (NACE 18, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025highest value
06-2025: 0.1%● unchanged vs 05-2025
07-2025: < 0.1%▼ -0.1 percentage points vs 06-2025lowest value
08-2025: < 0.1%● unchanged vs 07-2025lowest value
09-2025: < 0.1%● unchanged vs 08-2025lowest value
10-2025: < 0.1%● unchanged vs 09-2025lowest value
11-2025: < 0.1%● unchanged vs 10-2025lowest value
12-2025: < 0.1%● unchanged vs 11-2025lowest value
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Printing and reproduction of recorded media (NACE 18)
lowers risk
Founded in 2001
Size: total assets €2.5m
Figures for financial year 2025 (filed on 08-06-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 18, small). It does better than 93% of them on solvency, 66% on liquidity, 96% on profitability and 78% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as ESPACE has now. Each dot stands for 51 companies, two years later.
95.1%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of ESPACE itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,137 companies, not a prediction for ESPACE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €190,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.78 (4.5 in 2024), above the usual 1.5. Short-term debt is 16.7% and cash 5.8% of total assets. 17.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 days early
2024
41 days early
2023
111 days early
2022
20 days early
2021
30 days early
2020
22 days early
2019
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 40 days before the deadline. In the sector (NACE 18), the median for financial year 2024 was 5 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0476448459
Resignation: Lefranc Yves (director)
Reappointment: Lefranc Yves (director) · Director discharge: Lefranc Yves · General meeting of 27-12-2023 · Gazette deed
Capital decrease of €405,000 to €18,600
Capital from €423,600 to €18,600 · General meeting of 15-01-2018 · Gazette deed
First establishment
Nijverheidslaan 13, Ledegem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ESPACE Ledegem | €2.5m | €0.6m | 82.8% | - |
| VERDOGRAPHICS Knokke-Heist | €3.5m | €0.6m | 83.6% | 5.8 |
| GMG LUCAS ZEEFDRUK Kortrijk | €1.8m | €0.9m | 29.6% | 8.6 |
| EUROPOCHETTE Beveren-Kruibeke-Zwijndrecht | €3.1m | €0.7m | 7.0% | 5.7 |
| AKOPI Mol | €1.8m | €0.7m | 72.0% | 8.3 |
| COLORISPRINT Namur | €2.0m | €0.9m | 57.1% | 11.5 |
| GRAFISCH BURO MAES Ravels | €2.7m | €1.1m | 80.2% | 7.5 |
These companies have the same main activity as ESPACE: other printing (NACE 18120). They are comparable in size and age: total assets between €1.8m and €3.5m, founded between 1998 and 2001.
Official details
Source: KBO- Status
- Active since 31-12-2001Normal situation
- Activity
- Other printingNACE 18120and 1 other
- Establishment unit
- 2.101.576.8588880 Ledegem, since 21-02-2002
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Annual accounts 2025
- €2.5m▲ 2.2%
- Filing
- Filed on 08-06-2026, 53 days before the end of the filing period
Insights on ESPACE
ESPACE files the abbreviated format. That format states no turnover. The gross margin rose from €178,470 in 2006 to €617,110 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ESPACE
- What is the company number of ESPACE?
- The company number of ESPACE is 0476.448.459. The VAT number is the same number with BE in front: BE 0476.448.459.
- Where is ESPACE based?
- The registered office is at Nijverheidslaan 13, 8880 Ledegem.Company details
- What does ESPACE do?
- According to the KBO register, the main activity is other printing (NACE 18120).
- What is the legal form of ESPACE?
- ESPACE is a private limited company (BV).
- When was ESPACE founded?
- ESPACE was founded on 31-12-2001.
- Is ESPACE still active?
- Yes, ESPACE is an active enterprise in the KBO register.
- What is the turnover of ESPACE?
- The turnover in financial year 2025 is ≈ €1.5m. This figure is estimated from the gross margin of €617,110 and 2,274 comparable companies of the same size. It probably lies between €880,000 and €2.5m. It is a rough estimate.Financials
- Is ESPACE profitable?
- In financial year 2025, ESPACE made a profit of €415,787.
- Where can I find the annual accounts of ESPACE?
- ESPACE filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ESPACE due?
- ESPACE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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