ESPACE
ActiveSummary
ESPACE has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.03M and a net result of €416k. Equity is growing by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 87% of 312 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability90▼-2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
Liquidity ample (current ratio 5.78 against 4.5 in 2024; short-term debt: 16.7% and cash: 5.8% of total assets), and 17.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
82.8%
Return on assets
17%
Age of the figures
9 mo
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Printing and reproduction of recorded media (NACE 18)
about 11% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 d early
2024
41 d early
2023
111 d early
2022
20 d early
2021
30 d early
2020
22 d early
2019
1 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, abbreviated schema
Equity
€2.03M▲ 9.5%
2024 · €1.85M
2018: €1.39Mlowest in 8 years
2019: €1.63M▲ +17.3% vs 2018
2020: €1.87M▲ +14.7% vs 2019
2021: €2.12M▲ +13.6% vs 2020
2022: €2.51M▲ +18.1% vs 2021highest in 8 years
2023: €1.77M▼ -29.6% vs 2022
2024: €1.85M▲ +5.0% vs 2023
2025: €2.03M▲ +9.5% vs 2024
2018 → 2025
Total assets
€2.45M▲ 2.2%
2024 · €2.40M
2018: €1.57Mlowest in 8 years
2019: €1.77M▲ +13.0% vs 2018
2020: €2.05M▲ +16.0% vs 2019
2021: €2.31M▲ +12.3% vs 2020
2022: €2.72M▲ +18.1% vs 2021highest in 8 years
2023: €2.44M▼ -10.3% vs 2022
2024: €2.40M▼ -1.7% vs 2023
2025: €2.45M▲ +2.2% vs 2024
2018 → 2025
Net result
€416k▼ 6.3%
2024 · €444k
2018: €252k
2019: €240k▼ -4.9% vs 2018
2020: €239k▼ -0.3% vs 2019lowest in 8 years
2021: €253k▲ +5.9% vs 2020
2022: €385k▲ +51.9% vs 2021
2023: €398k▲ +3.5% vs 2022
2024: €444k▲ +11.4% vs 2023highest in 8 years
2025: €416k▼ -6.3% vs 2024
2018 → 2025
Working capital
€1.96M▲ 7.3%
2024 · €1.82M
2018: €1.23Mlowest in 8 years
2019: €1.41M▲ +14.5% vs 2018
2020: €1.72M▲ +22.7% vs 2019
2021: €2.04M▲ +18.1% vs 2020
2022: €2.41M▲ +18.3% vs 2021highest in 8 years
2023: €1.70M▼ -29.6% vs 2022
2024: €1.82M▲ +7.5% vs 2023
2025: €1.96M▲ +7.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.12M-€2.51M▲ 18.1%€1.77M▼ 29.6%€1.85M▲ 5.0%€2.03M▲ 9.5%
2021: €2.12M
2022: €2.51M▲ +18.1% vs 2021highest in 5 years
2023: €1.77M▼ -29.6% vs 2022lowest in 5 years
2024: €1.85M▲ +5.0% vs 2023
2025: €2.03M▲ +9.5% vs 2024
Operating result€374k-€546k▲ 46.0%€569k▲ 4.1%€604k▲ 6.3%€590k▼ 2.3%
2021: €374klowest in 5 years
2022: €546k▲ +46.0% vs 2021
2023: €569k▲ +4.1% vs 2022
2024: €604k▲ +6.3% vs 2023highest in 5 years
2025: €590k▼ -2.3% vs 2024
Net result€253k-€385k▲ 51.9%€398k▲ 3.5%€444k▲ 11.4%€416k▼ 6.3%
2021: €253klowest in 5 years
2022: €385k▲ +51.9% vs 2021
2023: €398k▲ +3.5% vs 2022
2024: €444k▲ +11.4% vs 2023highest in 5 years
2025: €416k▼ -6.3% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.45M
Fixed assets
€83k ▲ 54.6%
Current assets
€2.37M ▲ 1.0%
Equity and liabilities €2.45M
Equity
€2.03M ▲ 9.5%
Debt
€421k ▼ 22.8%
Debt's share of the balance-sheet total falls from 22.7% to 17.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€614k▼
2024 · €623k
Cash flow
€440k▼
2024 · €463k
Current ratio
5.78▲
2024 · 4.50
Debt to equity
0.21▼
2024 · 0.29
ROE
20.5%▼
2024 · 23.9%
ROA
17.0%▼
2024 · 18.5%
Interest coverage
67.30▲
2024 · 63.08
Debt ≤ 1 year
€410k▼
2024 · €521k
Income taxes
€194k▼
2024 · €208k
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.40M€2.45M▲
Fixed assets21/28€54k€83k▲
Tangible fixed assets22/27€54k€83k▲
Plant, machinery and equipment23€52k€37k▼
Furniture and vehicles24€2k€47k▲
Current assets29/58€2.35M€2.37M▲
Amounts receivable within one year40/41€214k€267k▲
Trade receivables40€213k€267k▲
Other amounts receivable41€957-
Current investments50/53€1.73M€1.95M▲
Cash at bank and in hand54/58€395k€141k▼
Deferred charges and accrued income490/1€6k€6k▼
Equity and liabilities
Total equity and liabilities10/49€2.40M€2.45M▲
Equity10/15€1.85M€2.03M▲
Contributions10/11€19k€19k=
Reserves13€1.83M€2.00M▲
Distributable reserves133€1.83M€2.00M▲
Profit (loss) carried forward14€10k€10k=
Amounts payable17/49€546k€421k▼
Amounts payable within one year42/48€521k€410k▼
Financial debts43€100k€100k=
Other loans439€100k€100k=
Trade debts44€4k€4k▼
Suppliers440/4€4k€4k▼
Taxes, remuneration and social security45€48k€50k▲
Taxes450/3€42k€44k▲
Remuneration and social security454/9€6k€6k▲
Other amounts payable47/48€369k€256k▼
Accrued charges and deferred income492/3€25k€11k▼
Income statement
Code20242025
Non-recurring operating income76A-€3k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€24k▲
Other operating charges640/8€3k€3k▼
Non-recurring operating charges66A€279-
Gross operating margin9900€627k€617k▼
Operating profit (loss)9901€604k€590k▼
Financial income75/76B€58k€29k▼
Recurring financial income75€58k€29k▼
Financial charges65/66B€10k€9k▼
Recurring financial charges65€10k€9k▼
Profit (loss) for the period before taxes9903€652k€610k▼
Income taxes67/77€208k€194k▼
Profit (loss) for the period9904€444k€416k▼
Profit (loss) for the period to be appropriated9905€444k€416k▼
Appropriation of the result
Profit (loss) to be appropriated9906€454k€426k▼
Profit (loss) brought forward from the previous period14P€10k€10k=
Transfer from equity791/2€356k€239k▼
Transfer to equity691/2€444k€416k▼
To other reserves6921€444k€416k▼
Profit to be distributed694/7€356k€239k▼
Return on contributions (dividend)694€356k€239k▼
The notes to these accounts (10 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €3k | - | €3k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €65k | €57k | €37k | €19k | €24k | ▲ 29.6% |
| Other operating charges640/8 | €6k | €6k | €5k | €3k | €3k | ▼ 20.7% |
| Non-recurring operating charges66A | - | - | - | €279 | - | - |
| Gross operating margin9900 | €444k | €609k | €611k | €627k | €617k | ▼ 1.5% |
| Operating profit (loss)9901 | €374k | €546k | €569k | €604k | €590k | ▼ 2.3% |
| Financial income75/76B | €41k | €20k | €25k | €58k | €29k | ▼ 49.5% |
| Recurring financial income75 | €41k | €20k | €25k | €58k | €29k | ▼ 49.5% |
| Financial charges65/66B | €8k | €5k | €7k | €10k | €9k | ▼ 7.6% |
| Recurring financial charges65 | €8k | €5k | €7k | €10k | €9k | ▼ 7.6% |
| Profit (loss) for the period before taxes9903 | €408k | €561k | €586k | €652k | €610k | ▼ 6.4% |
| Income taxes67/77 | €154k | €176k | €187k | €208k | €194k | ▼ 6.7% |
| Profit (loss) for the period9904 | €253k | €385k | €398k | €444k | €416k | ▼ 6.3% |
| Transfer from tax-exempt reserves789 | €105k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €359k | €385k | €398k | €444k | €416k | ▼ 6.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.31M | €2.72M | €2.44M | €2.40M | €2.45M | ▲ 2.2% |
| Fixed assets21/28 | €89k | €101k | €73k | €54k | €83k | ▲ 54.6% |
| Tangible fixed assets22/27 | €89k | €101k | €73k | €54k | €83k | ▲ 54.6% |
| Land and buildings22 | €39k | €20k | €279 | - | - | - |
| Plant, machinery and equipment23 | €38k | €77k | €70k | €52k | €37k | ▼ 29.6% |
| Furniture and vehicles24 | €12k | €4k | €3k | €2k | €47k | ▲ 2,748% |
| Current assets29/58 | €2.22M | €2.62M | €2.37M | €2.35M | €2.37M | ▲ 1.0% |
| Amounts receivable within one year40/41 | €208k | €196k | €185k | €214k | €267k | ▲ 25.0% |
| Trade receivables40 | €208k | €196k | €184k | €213k | €267k | ▲ 25.5% |
| Other amounts receivable41 | - | - | €1k | €957 | - | - |
| Current investments50/53 | €1.35M | €1.60M | €2.00M | €1.73M | €1.95M | ▲ 12.9% |
| Cash at bank and in hand54/58 | €642k | €812k | €181k | €395k | €141k | ▼ 64.2% |
| Deferred charges and accrued income490/1 | €14k | €14k | €7k | €6k | €6k | ▼ 4.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.31M | €2.72M | €2.44M | €2.40M | €2.45M | ▲ 2.2% |
| Equity10/15 | €2.12M | €2.51M | €1.77M | €1.85M | €2.03M | ▲ 9.5% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2.09M | €2.48M | €1.74M | €1.83M | €2.00M | ▲ 9.7% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €2.09M | €2.48M | €1.74M | €1.83M | €2.00M | ▲ 9.7% |
| Profit (loss) carried forward14 | €10k | €10k | €10k | €10k | €10k | = |
| Amounts payable17/49 | €183k | €215k | €676k | €546k | €421k | ▼ 22.8% |
| Amounts payable within one year42/48 | €180k | €212k | €672k | €521k | €410k | ▼ 21.3% |
| Financial debts43 | €100k | €100k | €100k | €100k | €100k | = |
| Other loans439 | €100k | €100k | €100k | €100k | €100k | = |
| Trade debts44 | €16k | €18k | €17k | €4k | €4k | ▼ 4.9% |
| Suppliers440/4 | €16k | €18k | €17k | €4k | €4k | ▼ 4.9% |
| Taxes, remuneration and social security45 | €50k | €80k | €16k | €48k | €50k | ▲ 5.5% |
| Taxes450/3 | €50k | €77k | €13k | €42k | €44k | ▲ 5.9% |
| Remuneration and social security454/9 | - | €3k | €3k | €6k | €6k | ▲ 3.0% |
| Other amounts payable47/48 | €15k | €15k | €540k | €369k | €256k | ▼ 30.8% |
| Accrued charges and deferred income492/3 | €3k | €3k | €4k | €25k | €11k | ▼ 53.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €253k | €385k | €398k | €444k | €416k | ▼ 6.3% |
| + Depreciation and write-downs630 | €65k | €57k | €37k | €19k | €24k | ▲ 29.6% |
| Operating cash flow (approximation) | €318k | €442k | €435k | €463k | €440k | ▼ 4.9% |
| Investment in fixed assets (approximation) | - | €-69k | €-9k | €279 | €-54k | ▼ 19,349% |
| Change in cash | - | €170k | €-631k | €214k | €-254k | ▼ 218% |
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
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €2MEq €2.03M ▲9.5%
8 profitable years in a row build equity to €2.03M.
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €444k ▲11.4%
Operating result €604k, net result €444k, both a record.
11-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €2MEq €2.12M ▲13.6%
4 profitable years in a row build equity to €2.12M.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €239k ▼0.3%
Net result drops to €239k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Ledegem · 1 establishment unit since 2002
Ground area
1,726 m²
Building footprint
744 m²
Volume, LiDAR
3,513 m³
Parcel 36010C0733/00C000, Flanders · tallest building 8.3 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ESPACE
since 20022.101.576.858
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36010C0733/00C000 | Flanders | 1,726 m² | 1 · 744 m² | 8.3 m · 1 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 1,599 companies in sector 18120 we hold annual accounts for 807. 333 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
Founded31-12-2001
Fiscal year end31-12
Activities, NACEBEL 2025
18120Other printing
18130Pre-press and pre-media services
Scores and ratios are computed by Checked and are not a credit decision.