ESPACE

Active Private limited companyfounded 2001active for 24 yearsNijverheidslaan 13, 8880 LedegemKBO/BCE: BE 0476.448.459

ESPACE

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Overview

Lifetime

20 annual accounts with figures on one time axis, 24 filings since 2002

Compare with

peak €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 accounts

Equity

€2.0m ▲ 9.5%

ESPACE has made a profit in every financial year since 2006.

Turnover

≈ €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

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 strength

Strong

100=equity 82.8% of total assets

53-10short-term debt 16.7% · cash 5.8%

90-2return on assets 17.0%

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

Small
20 years or older
solvency 30% or more
a profit of 5% of the balance sheet or more

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.

The companies in ten equal groups, from the lowest to the highest expected share
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.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.

lowers riskraises riskneutral

Founded in 2001

Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.

KBO

Size: total assets €2.5m

Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.

NBB · annual accounts

Figures for financial year 2025 (filed on 08-06-2026)

NBB · annual accounts

Sector: Printing and reproduction of recorded media (NACE 18)

KBO

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 filings

Deviation 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)

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 months

Where today falls in the filing period

11-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

That holds for every publication since 2021.

KBO publications

Board and ownership

Lefranc Yves

Director

Board & ownership

Recent changes

27-03-2026

Registered in the Peppol Directory Reachable for e-invoices through 0208:0476448459

02-01-2024

Resignation: Lefranc Yves (director) Reappointment: Lefranc Yves (director) · Director discharge: Lefranc Yves · General meeting of 27-12-2023 · Gazette deed

21-02-2018

Capital decrease of €405,000 to €18,600 Capital from €423,600 to €18,600 · General meeting of 15-01-2018 · Gazette deed

21-02-2002

First establishment Nijverheidslaan 13, Ledegem

All 34 events

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

Company details

Annual accounts 2025

: €617,110▼ 1.5%
: €415,787▼ 6.3%
: €2.0m▲ 9.5%
: €2.5m▲ 2.2%
Filing: Filed on 08-06-2026, 53 days before the end of the filing period

Financials

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.

Financials

Annual accounts 2025

abbreviated format, filed on 08-06-2026, 53 days before the deadline

€617,110

▼ 1.5%

€590,141

▼ 2.3%

€415,787

▼ 6.3%

€2.0m

▲ 7.3%

82.8%

▲ 5.6 percentage points

5.78

▲ 1.28

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €1.5m. Estimated: probably between €880,000 and €2.5m.

Balance sheet

balance sheet total €2.5m on 31-12-2025

What the company ownsHow it is paid for

in €m

in euro

Position in the sector

Compare with sector

82.8%

Higher than 87% of 359 companies in 2025.

5.78

Higher than 87% of 353 companies in 2025.

17.0%

Higher than 90% of 356 companies in 2025.

ESPACE Middle half of the sector 80% of the sector Abbreviated accounts in printing (NACE 18)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
`20/58`	2.5m	2.4m	2.4m	2.7m	2.3m	2.1m	1.8m	1.6m	1.8m	1.5m	1.4m	1.2m	1.1m	1.0m	929,046	863,279	745,580	742,338	690,750	695,532
`21/28`	83,376	53,925	72,912	100,721	89,169	148,075	228,522	166,513	181,896	176,549	211,230	233,519	218,871	280,538	344,027	424,084	396,662	443,715	494,274	547,387
`21`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,000	40,000	60,000	80,000	100,000
`22/27`	83,376	53,925	72,912	100,721	89,169	148,075	228,522	166,513	181,896	176,549	211,230	233,519	218,871	280,538	344,027	404,084	356,662	382,465	413,024	446,137
`22`	-	-	279	19,805	39,330	58,856	78,381	97,907	117,433	136,958	156,484	176,009	195,535	215,061	234,586	254,112	273,637	293,163	312,689	332,214
`23`	36,788	52,289	69,865	77,014	38,323	76,256	128,115	36,104	49,251	28,984	42,619	40,840	21,657	65,097	100,827	130,625	52,102	48,036	91,265	110,907
`24`	46,588	1,636	2,768	3,902	11,516	12,963	22,026	32,502	15,212	10,607	12,127	16,670	1,679	380	8,614	19,347	30,923	41,266	9,070	3,016
`28`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,250	1,250	1,250
`29/58`	2.4m	2.3m	2.4m	2.6m	2.2m	1.9m	1.5m	1.4m	1.6m	1.4m	1.2m	994,303	875,333	768,466	585,019	439,195	348,918	298,623	196,476	148,145
`40/41`	266,844	213,547	185,067	195,813	207,724	216,278	153,658	150,331	148,226	134,441	130,415	117,869	108,055	118,687	116,841	106,631	94,715	89,222	78,736	91,253
`40`	266,844	212,590	183,648	195,813	207,724	216,278	140,777	150,331	148,226	134,441	130,415	117,553	108,055	118,471	114,382	102,948	86,791	84,722	77,367	75,853
`41`	-	957	1,419	-	-	-	12,881	-	-	-	-	316	-	216	2,459	3,683	7,924	4,500	1,369	15,400
`50/53`	2.0m	1.7m	2.0m	1.6m	1.4m	1.2m	1.0m	978,341	1.1m	893,202	929,203	719,258	666,543	515,000	415,000	230,000	130,000	150,000	70,000	-
`54/58`	141,378	395,289	180,865	812,179	642,337	470,341	376,398	271,241	373,698	338,109	114,326	154,472	99,176	131,116	49,889	100,281	122,730	59,401	47,740	56,892
`490/1`	6,048	6,350	7,260	14,351	13,774	14,013	394	584	659	633	2,865	2,704	1,559	3,663	3,289	2,283	1,473	-	-	-
Balance sheet: equity and liabilities
`10/49`	2.5m	2.4m	2.4m	2.7m	2.3m	2.1m	1.8m	1.6m	1.8m	1.5m	1.4m	1.2m	1.1m	1.0m	929,046	863,279	745,580	742,338	690,750	695,532
`10/15`	2.0m	1.9m	1.8m	2.5m	2.1m	1.9m	1.6m	1.4m	1.5m	1.3m	1.2m	992,460	837,915	727,177	579,681	473,699	410,585	332,934	245,944	180,886
`10/11`	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	423,600	423,600	423,600	423,600	423,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
`100`	-	-	-	-	-	-	18,600	18,600	423,600	423,600	423,600	423,600	423,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
`13`	2.0m	1.8m	1.7m	2.5m	2.1m	1.8m	1.6m	1.4m	1.1m	907,305	685,142	522,610	372,610	682,110	532,110	432,110	357,110	288,360	219,610	130,860
`130/1`	-	-	-	1,860	1,860	1,860	-	-	-	-	-	150,000	-	-	-	-	-	-	-	-
`130`	-	-	-	-	-	-	1,860	1,860	42,360	42,360	42,360	42,360	42,360	1,860	1,860	1,860	1,860	1,860	1,860	1,860
`1311`	-	-	-	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`1319`	-	-	-	-	-	-	-	-	-	-	-	150,000	-	-	-	-	-	-	-	-
`132`	-	-	-	-	-	105,250	105,250	105,250	105,250	105,250	105,250	105,250	105,250	105,250	105,250	105,250	105,250	86,500	67,750	49,000
`133`	2.0m	1.8m	1.7m	2.5m	2.1m	1.7m	1.5m	1.3m	961,209	759,695	537,532	225,000	225,000	575,000	425,000	325,000	250,000	200,000	150,000	80,000
`14`	10,376	10,376	10,376	10,376	10,376	10,376	10,376	10,376	10,376	10,376	46,250	46,250	41,705	26,467	28,971	22,989	34,875	25,974	7,734	31,426
`17/49`	421,354	545,630	676,018	215,153	183,010	184,012	140,832	176,758	216,618	201,653	233,047	235,362	256,289	321,827	349,365	389,580	334,995	409,404	444,806	514,646
`17`	-	-	-	-	-	-	-	-	8,667	26,001	43,334	60,667	78,001	109,917	144,751	179,584	147,334	179,250	222,824	280,136
`170/4`	-	-	-	-	-	-	-	-	8,667	26,001	43,334	60,667	78,001	109,917	144,751	179,584	147,334	179,250	222,824	280,136
`42/48`	409,860	521,116	672,028	212,304	180,161	181,170	137,332	173,258	204,451	172,002	186,063	170,945	174,538	207,960	198,239	203,621	180,755	223,248	213,482	228,135
`42`	-	-	-	-	-	-	-	8,667	17,333	17,333	17,333	17,333	31,917	34,833	34,833	34,833	31,916	43,574	57,312	59,812
`43`	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	125,000	137,142	137,196	131,893	125,000	125,000
`430/8`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,142	12,196	6,893	-	-
`439`	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	125,000	125,000	125,000	125,000	125,000	125,000
`44`	4,047	4,257	16,651	17,795	15,588	3,356	6,332	11,728	10,973	13,492	2,717	13,443	21,460	49,324	15,927	14,954	3,786	28,061	21,058	10,858
`440/4`	4,047	4,257	16,651	17,795	15,588	3,356	6,332	11,728	10,973	13,492	2,717	13,443	21,460	49,324	15,927	14,954	3,786	28,061	21,058	10,858
`45`	50,179	47,556	15,648	79,683	49,587	57,304	13,184	34,372	64,622	28,770	60,870	28,012	9,420	16,412	5,281	6,889	4,975	14,586	3,894	10,991
`450/3`	44,179	41,731	12,648	76,683	49,587	57,304	6,570	31,972	53,867	26,370	58,470	28,012	9,420	14,573	2,981	4,589	2,675	12,286	1,594	8,691
`454/9`	6,000	5,825	3,000	3,000	-	-	6,614	2,400	10,755	2,400	2,400	-	-	1,839	2,300	2,300	2,300	2,300	2,300	2,300
`47/48`	255,634	369,303	539,729	14,826	14,986	20,510	17,816	18,491	11,523	12,407	5,143	12,157	11,741	7,391	17,198	9,803	2,882	5,134	6,218	21,474
`492/3`	11,494	24,514	3,990	2,849	2,849	2,842	3,500	3,500	3,500	3,650	3,650	3,750	3,750	3,950	6,375	6,375	6,906	6,906	8,500	6,375
Income statement
`76A`	2,500	-	3,000	-	-	-	34,000	-	-	-	-	-	-	-	-	-	4,129	5,785	-	11,800
`9900`	617,110	626,709	610,750	609,175	444,306	431,598	463,767	441,795	420,397	384,305	328,402	294,797	282,458	316,207	295,046	253,171	238,976	233,613	224,727	178,470
`62`	-	-	-	-	-	-	-	-	-	-	-	-	-	2,849	-	-	-	-	-	-
`630`	24,253	18,708	36,809	57,023	64,571	80,447	113,991	54,012	67,742	50,980	58,384	61,928	67,647	98,533	124,633	150,099	122,538	102,667	107,176	115,230
`640/8`	2,716	3,426	5,350	5,774	5,514	7,747	7,736	7,644	8,437	7,961	7,882	7,183	6,725	7,647	7,311	6,565	6,136	6,837	13,303	6,338
`66A`	-	279	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`9901`	590,141	604,296	568,591	546,378	374,221	343,404	342,040	380,139	344,218	325,364	262,136	225,686	208,086	207,178	163,102	96,507	110,302	124,109	104,248	56,902
`75/76B`	29,183	57,755	24,555	19,584	41,069	7,463	16,265	12,147	24,641	7,453	28,300	25,845	28,807	18,950	11,946	11,446	8,013	8,590	5,502	2,162
`75`	29,183	57,755	24,555	19,584	41,069	7,463	16,265	12,147	24,641	7,453	28,300	25,845	28,807	18,950	11,946	11,446	8,013	8,590	5,502	2,162
`65/66B`	9,129	9,876	7,484	5,421	7,579	6,054	9,254	10,118	34,776	6,982	7,374	8,285	12,548	12,529	15,832	15,233	17,861	20,273	24,949	21,446
`65`	9,129	9,876	7,484	5,421	7,579	6,054	9,254	10,118	34,776	6,982	7,374	8,285	12,548	12,529	15,832	15,233	17,861	20,273	24,949	21,446
`9903`	610,195	652,175	585,662	560,541	407,711	344,813	349,051	382,168	334,083	325,835	283,062	243,246	224,345	213,599	159,216	92,720	104,583	118,211	84,801	49,418
`67/77`	194,408	208,259	187,178	175,706	154,321	105,444	108,966	129,711	132,569	139,546	120,530	88,701	68,607	66,103	53,234	29,606	26,932	31,221	19,743	8,179
`9904`	415,787	443,916	398,484	384,835	253,390	239,369	240,085	252,457	201,514	186,289	162,532	154,545	155,738	147,496	105,982	63,114	77,651	86,990	65,058	41,239
`789`	-	-	-	-	105,250	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`689`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,750	18,750	18,750	18,750
`9905`	415,787	443,916	398,484	384,835	358,640	239,369	240,085	252,457	201,514	186,289	162,532	154,545	155,738	147,496	105,982	63,114	58,901	68,240	46,308	22,489
Appropriation of the result
`9906`	426,163	454,292	408,860	395,211	369,016	249,745	250,461	262,833	211,890	232,539	208,782	196,250	182,205	176,467	128,971	97,989	84,875	75,974	77,734	31,426
`14P`	10,376	10,376	10,376	10,376	10,376	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`791/2`	239,369	355,890	1.1m	-	-	-	-	40,500	-	-	-	-	350,000	-	-	-	-	-	-	-
`691/2`	415,787	443,916	398,484	384,835	358,640	239,369	240,085	292,957	201,514	222,163	162,532	150,000	40,500	150,000	100,000	75,000	50,000	50,000	70,000	-
`6920`	-	-	-	-	-	-	-	-	-	-	-	-	40,500	-	-	-	-	-	-	-
`6921`	415,787	443,916	398,484	384,835	358,640	239,369	240,085	292,957	201,514	222,163	162,532	150,000	-	150,000	100,000	75,000	50,000	50,000	70,000	-
`694/7`	239,369	355,890	1.1m	-	-	-	-	-	-	-	-	-	450,000	-	-	-	-	-	-	-
`694`	239,369	355,890	1.1m	-	-	-	-	-	-	-	-	-	450,000	-	-	-	-	-	-	-
Social balance sheet
`9087`	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-
Hours worked`1013`	-	-	-	-	-	-	-	-	-	-	-	-	-	252	-	-	-	-	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 4 older financial years (2002-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 08-06-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	08-06-2026	2026-00142299	PDF
31-12-2024	abbreviated format	20-06-2025	2025-00156334	PDF
31-12-2023	abbreviated format	11-04-2024	2024-00061248	PDF
31-12-2022	abbreviated format	11-07-2023	2023-00222301	PDF
31-12-2021	abbreviated format	01-07-2022	2022-20118614	PDF
31-12-2020	abbreviated format	09-07-2021	2021-33500095	PDF
31-12-2019	abbreviated format	30-07-2020	2020-35900155	PDF
31-12-2018	abbreviated format	17-07-2019	2019-35100364	PDF
31-12-2017	abbreviated format	17-07-2018	2018-33400117	PDF
31-12-2016	abbreviated format	14-06-2017	2017-17500498	PDF
31-12-2015	abbreviated format	14-06-2016	2016-19300469	PDF
31-12-2014	abbreviated format	02-07-2015	2015-25000027	PDF
31-12-2013	abbreviated format	02-07-2014	2014-26200092	PDF
31-12-2012	abbreviated format	19-06-2013	2013-18500348	PDF
31-12-2011	abbreviated format	18-06-2012	2012-17500400	PDF
31-12-2010	abbreviated format	23-08-2011	2011-41400332	PDF
31-12-2009	abbreviated format	19-07-2010	2010-30600231	PDF
31-12-2008	abbreviated format	06-07-2009	2009-35000392	PDF
31-12-2007	abbreviated format	23-06-2008	2008-25600147	PDF
31-12-2006	abbreviated format	19-06-2007	2007-24200261	PDF
31-12-2005	abbreviated format	12-06-2006	2006-24004563	PDF
31-12-2004	abbreviated format	22-06-2005	2005-31101916	PDF
31-12-2003	abbreviated format	29-06-2004	2004-35102654	PDF
31-12-2002	abbreviated format	07-07-2003	2003-40503204	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
614,394	623,004	605,400	603,401	438,792	423,851	456,031	434,151	411,960	376,344	320,520	287,614	275,733	305,711	287,735	246,606	232,840	226,776	211,424	172,132
440,040	462,624	435,293	441,858	317,961	319,816	354,076	306,469	269,256	237,269	220,916	216,473	223,385	246,029	230,615	213,213	200,189	189,657	172,234	156,469
53,704	-279	9,000	68,575	5,665	0	176,000	42,433	73,089	16,299	36,095	76,576	5,980	35,044	44,576	177,521	74,079	52,108	54,063	163,131
-253,911	214,424	-631,314	169,842	171,996	93,943	105,157	-102,457	35,589	223,783	-40,146	55,296	-31,940	81,227	-50,392	-22,449	63,329	11,661	-9,152	-
2.0m	1.8m	1.7m	2.4m	2.0m	1.7m	1.4m	1.2m	1.4m	1.2m	990,746	823,358	700,795	560,506	386,780	235,574	168,163	75,375	-17,006	-79,990
82.8%	77.3%	72.3%	92.1%	92.1%	91.0%	92.0%	88.7%	87.7%	86.9%	83.2%	80.8%	76.6%	69.3%	62.4%	54.9%	55.1%	44.8%	35.6%	26.0%
5.78	4.50	3.53	12.35	12.31	10.52	11.23	8.08	7.72	7.94	6.32	5.82	5.02	3.70	2.95	2.16	1.93	1.34	0.92	0.65
0.21	0.29	0.38	0.09	0.09	0.10	0.09	0.13	0.14	0.15	0.20	0.24	0.31	0.44	0.60	0.82	0.82	1.23	1.81	2.85
20.5%	23.9%	22.6%	15.3%	11.9%	12.8%	14.7%	18.2%	13.1%	13.9%	14.1%	15.6%	18.6%	20.3%	18.3%	13.3%	18.9%	26.1%	26.5%	22.8%
17.0%	18.5%	16.3%	14.1%	11.0%	11.7%	13.6%	16.1%	11.5%	12.1%	11.7%	12.6%	14.2%	14.1%	11.4%	7.3%	10.4%	11.7%	9.4%	5.9%
67.30	63.08	80.89	over 100	57.90	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€53,704	-	€9,000	€68,575	€5,665
	€24,253	€18,708	€36,809	€57,023	€64,571

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on ESPACE

The operating result for 2025 is 2% lower than in 2024.

Debt's share of the balance-sheet total falls from 22.7% to 17.2%. Equity is higher and debt is lower.

Board & ownership

Board

1 director, last change in 2024

Lefranc Yves

Director (not named in the articles)

in office according to the deed of 02-01-2024 term without a fixed end

earlier director, until 02-01-2024

listed in the 2025 annual accounts, filed on 08-06-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today

Lefranc Yves
Director (not named in the articles)

BoardEarliermandate already running before its first mention

Mandates as a list

Lefranc Yves
- Director (not named in the articles), from 19-12-2001 to date
- Director, until 02-01-2024

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution: €18,600
Source: 2025 annual accounts

Articles of association

deed of 02-01-2024 (in Dutch)

Annual meeting: First Saturday of June at 10:00

Network & group

No group

ESPACE has no parent and no holdings in its annual accounts. Lefranc Yves is the only director. ESPACE shares no director with another company.

At the same address

Nijverheidslaan 13, 8880 Ledegem · 1 other company

Lefranc, Gilles (sole trader)

establishment since 01-07-2025

founded in 2025

1024.689.588

Timeline

34 events since 2001

Board

Capital

Filings

Financial

Establishments

20052010201520202025

Deadline for the 2026 accounts: 31-07-2027

2026

08-06-2026

Annual accounts 2025 filed PDFabbreviated format · 53 days before the deadline

27-03-2026

Registered in the Peppol Directory Reachable for e-invoices through 0208:0476448459

2025

20-06-2025

Annual accounts 2024 filed PDFabbreviated format · 41 days before the deadline

2024

31-12-2024

Highest result from 2006 to 2025 net €443,916 ▲11.4% The operating result of €604,296 and the net result of €443,916 are both a record.

11-04-2024

Annual accounts 2023 filed PDFabbreviated format · 111 days before the deadline

02-01-2024

Resignation: Lefranc Yves (director)Reappointment: Lefranc Yves (director) · Director discharge: Lefranc Yves · General meeting of 27-12-20237 points ▸

General meeting, 27-12-2023
186 shares
Power of attorney, MIEKE VANHIXE
Director resignation, Lefranc Yves
Director reappointment, Lefranc Yves (director (not named in the articles))
Director discharge, Lefranc Yves
Registered office clause, Nijverheidslaan 13, 8880 Ledegem
The deed holds 5 more points.

Open the deed in the Belgian Official Gazette

2023

11-07-2023

Annual accounts 2022 filed PDFabbreviated format · 20 days before the deadline

2022

01-07-2022

Annual accounts 2021 filed PDFabbreviated format · 30 days before the deadline

2021

31-12-2021

Equity above €2m equity €2.1m ▲13.6% Equity rises from €1.9m to €2.1m.

09-07-2021

Annual accounts 2020 filed PDFabbreviated format · 22 days before the deadline

2020

30-07-2020

Annual accounts 2019 filed PDFabbreviated format · 1 day before the deadline

2019

17-07-2019

Annual accounts 2018 filed PDFabbreviated format · 14 days before the deadline

2018

17-07-2018

Annual accounts 2017 filed PDFabbreviated format · 14 days before the deadline

21-02-2018

Capital decrease of €405,000 to €18,600Capital from €423,600 to €18,600 · General meeting of 15-01-20184 points ▸

General meeting, 15-01-2018
Capital decrease, €405,000
Amendment of the articles, article 5
Capital, €18,600, 186 shares
The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

2017

14-06-2017

Annual accounts 2016 filed PDFabbreviated format · 47 days before the deadline

2016

14-06-2016

Annual accounts 2015 filed PDFabbreviated format · 47 days before the deadline

2015

31-12-2015

Equity above €1m equity €1.2m ▲16.4% With a profit in every financial year since 2006, equity grows to €1.2m.

02-07-2015

Annual accounts 2014 filed PDFabbreviated format · 29 days before the deadline

2014

02-07-2014

Annual accounts 2013 filed PDFabbreviated format · 29 days before the deadline

2013

19-06-2013

Annual accounts 2012 filed PDFabbreviated format · 42 days before the deadline

2012

18-06-2012

Annual accounts 2011 filed PDFabbreviated format · 43 days before the deadline

2011

31-12-2011

Equity above €500,000 equity €579,681 ▲22.4% With a profit in every financial year since 2006, equity grows to €579,681.

23-08-2011

Annual accounts 2010 filed PDFabbreviated format · 23 days late

2010

19-07-2010

Annual accounts 2009 filed PDFabbreviated format · 12 days before the deadline

2009

06-07-2009

Annual accounts 2008 filed PDFabbreviated format · 25 days before the deadline

2008

23-06-2008

Annual accounts 2007 filed PDFabbreviated format · 38 days before the deadline

2007

31-12-2007

Equity above €200,000 equity €245,944 ▲36% With a profit in every financial year since 2006, equity grows to €245,944.

19-06-2007

Annual accounts 2006 filed PDFabbreviated format · 42 days before the deadline

2006

12-06-2006

Annual accounts 2005 filed PDFabbreviated format

2005

22-06-2005

Annual accounts 2004 filed PDFabbreviated format

2004

29-06-2004

Annual accounts 2003 filed PDFabbreviated format

2003

07-07-2003

Annual accounts 2002 filed PDFabbreviated format

2002

21-02-2002

First establishment Nijverheidslaan 13, Ledegem

2001

31-12-2001

Incorporation published on 12-01-2002

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official Gazette Filings with the National Bank

History

ESPACE was incorporated on 31 December 2001.¹ Total assets rose from €1.6m in 2018 to €2.5m in 2025.²

Company details

Identity

Enterprise number: 0476.448.459
VAT number: BE 0476.448.459
Peppol ID: 0208:0476448459
Legal form: Private limited company
Status: Active, normal situation
Founded: 31-12-2001
Financial year: ends on 31 December
Annual meeting: First Saturday of June at 10:00
deed of 02-01-2024 (in Dutch)
Peppol: Reachable since 27-03-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name: ESPACE in Dutch
Entity type: Legal entity
Registered office clause: “Vlaams Gewest”
deed of 02-01-2024 (in Dutch)

Activities

NACEBEL 2025

18120 Other printing main activity

18130 Pre-press and pre-media services

Codes under NACEBEL 2008

18120 Printing and reproduction of recorded media main activity

18130 Pre-press and pre-media services

Codes under NACEBEL 2003

22220 main activity

22250

Purpose: “Grafisch bureau; Verzorgen van drukwerk in het algemeen; Aanmaken en verkopen van klein drukwerk(zoals…”
4 activities
Grafisch bureau
Verzorgen van drukwerk in het algemeen
Aanmaken en verkopen van klein drukwerk(zoals naamkaartjes,geboortekaartjes,huwelijksaankondigingen,overlijdensberichten,enz.)
Alle pre-pressactiviteiten en aanverwante bezigheden
deed of 02-01-2024 (in Dutch)

Registered office and establishments

1 establishment

Establishment	Since	Unit number
Nijverheidslaan 13 registered office 8880 Ledegem	21-02-2002	2.101.576.858

Buildings and parcels at the address

Ground area: 1,726 m²
Buildings: 744 m²
Volume, LiDAR: 3,513 m³
Tallest building: 8.3 m

Buildings to scale, each on its own parcel

registered office establishment The establishment unit on the map

2 companies at this address See who is registered here

Parcels

Cadastral parcel	Area	Buildings	Height / floors
36010C0733/00C000	1,726 m²	1 · 744 m²	8.3 m · 1

Overview

Lifetime

Key points

Equity

Turnover

Investments

Liquidity

Filings

Position in the sector

Checked score

Score breakdown

Comparable companies, two years later

Credit verdict

Signals

Board and ownership

Recent changes

Comparable companies

Official details

Annual accounts 2025

Insights on ESPACE

Financials

Annual accounts 2025

Balance sheet

Change in equityin €m

Change in cashin euro

Position in the sector

Solvency82.8%

Current ratio5.78

Return on assets17.0%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on ESPACE

Board & ownership

Board

Mandates through the years

Control

Capital

Articles of association

Network & group

No group

At the same address

Timeline

Timeline

History

Company details

Identity

Activities

Registered office and establishments

Buildings and parcels at the address

Location

Parcels

in €m

in euro

82.8%

5.78

17.0%