ESPACE 202
ActiveSummary
The computed 12-month bankruptcy probability of ESPACE 202 is 6.1% (elevated). The 2025 annual accounts show negative equity (-€150,317) and a net result of €3,673. Equity is shrinking by ~4.4% per year across the filed fiscal years. The company has been active since 2000 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+80
Solvency0=
Growth22=
Track record84
Bankruptcy probability, 12 months
6.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.18 against 0.12 in 2024; short-term debt: 461.6% and cash: 8.3% of total assets), and equity is negative.
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Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-361.6%
Return on assets
8.8%
Age of the figures
9 mo
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
41 d late
2023
135 d late
2022
25 d late
2021
26 d late
2020
5 d early
2019
12 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 30 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struckAddress strikeout annulled
Checked, nothing found (1)
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. Usually files around 26 August (4 of the last 5 filed years within 47 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€39,708▲ 4.2%
2020 · €38,094
EBIT margin
4.6%▲ 98.3pp
2020 · -93.7%
Net result
€3,673
2024 · -€18,742
Working capital
-€157,510▼ 1.2%
2024 · -€155,691
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€39,708▲ 4.2%
Operating result€1,807€23,731▲ 1,213%-€5,678-€18,853▼ 232%€3,955
Net result€1,661€23,551▲ 1,318%-€5,733-€18,742▼ 227%€3,673
EBIT margin4.6%▲ 98.3pp
Equity-€153,065▲ 1.1%-€129,514▲ 15.4%-€135,248▼ 4.4%-€153,990▼ 13.9%-€150,317▲ 2.4%
Total assets€25,156▲ 63.3%€48,192▲ 91.6%€47,820▼ 0.8%€22,425▼ 53.1%€41,571▲ 85.4%
Debt€178,221▲ 4.8%€177,706▼ 0.3%€183,068▲ 3.0%€176,415▼ 3.6%€191,888▲ 8.8%
Working capital-€153,065▲ 3.2%-€144,738▲ 5.4%-€144,484▲ 0.2%-€155,691▼ 7.8%-€157,510▼ 1.2%
Staff (FTE)0
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €3,955 after a loss of €18,853 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €41,571
Fixed assets
€7,193 ▲ 323%
Current assets
€34,378 ▲ 65.9%
Key figures and ratios
EBITDA
€5,898▲
2024 · -€11,317
Cash flow
€5,617▲
2024 · -€11,206
Solvency
-361.6%▲
2024 · -686.7%
Current ratio
0.18▲
2024 · 0.12
Debt to equity
-1.28▼
2024 · -1.15
ROA
8.8%▲
2024 · -83.6%
Interest coverage
18.57
Debt ≤ 1 year
€191,888▲
2024 · €176,415
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
5.3%
stopped otherwise
92%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 6.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,795 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €39,708 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €35,827 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,436 | €6,484 | €7,594 | €7,536 | €1,944 | ▼ 74.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €1,209 | - |
| Other operating charges640/8 | €223 | €317 | €428 | €238 | €516 | ▲ 117% |
| Non-recurring operating charges66A | - | €5,604 | €0 | - | €2,245 | - |
| Gross operating margin9900 | €5,466 | €36,137 | €2,343 | -€11,079 | €9,868 | ▲ 189% |
| Operating profit (loss)9901 | €1,807 | €23,731 | -€5,678 | -€18,853 | €3,955 | ▲ 121% |
| Financial income75/76B | - | €0 | €2 | €111 | €36 | ▼ 67.8% |
| Recurring financial income75 | - | €0 | €2 | €111 | €36 | ▼ 67.8% |
| Financial charges65/66B | €0 | €31 | €72 | €0 | €318 | - |
| Recurring financial charges65 | €0 | €31 | €72 | €0 | €318 | - |
| Profit (loss) for the period before taxes9903 | €1,807 | €23,700 | -€5,749 | -€18,742 | €3,673 | ▲ 120% |
| Income taxes67/77 | €146 | €149 | -€16 | €0 | - | - |
| Profit (loss) for the period9904 | €1,661 | €23,551 | -€5,733 | -€18,742 | €3,673 | ▲ 120% |
| Profit (loss) for the period to be appropriated9905 | €1,661 | €23,551 | -€5,733 | -€18,742 | €3,673 | ▲ 120% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €25,156 | €48,192 | €47,820 | €22,425 | €41,571 | ▲ 85.4% |
| Fixed assets21/28 | - | €15,223 | €9,237 | €1,701 | €7,193 | ▲ 323% |
| Tangible fixed assets22/27 | - | €15,223 | €9,237 | €1,701 | €7,193 | ▲ 323% |
| Plant, machinery and equipment23 | - | €15,223 | €9,237 | €1,701 | €7,193 | ▲ 323% |
| Current assets29/58 | €25,156 | €32,969 | €38,584 | €20,724 | €34,378 | ▲ 65.9% |
| Amounts receivable within one year40/41 | €4,332 | €25,792 | €29,616 | €18,619 | €30,915 | ▲ 66.0% |
| Trade receivables40 | €2,968 | €20,580 | €29,525 | €17,112 | €28,392 | ▲ 65.9% |
| Other amounts receivable41 | €1,363 | €5,211 | €91 | €1,507 | €2,523 | ▲ 67.4% |
| Cash at bank and in hand54/58 | €20,825 | €7,177 | €8,967 | €1,961 | €3,463 | ▲ 76.5% |
| Deferred charges and accrued income490/1 | - | - | - | €144 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €25,156 | €48,192 | €47,820 | €22,425 | €41,571 | ▲ 85.4% |
| Equity10/15 | -€153,065 | -€129,514 | -€135,248 | -€153,990 | -€150,317 | ▲ 2.4% |
| Contributions10/11 | €24,789 | €24,789 | €24,789 | €24,789 | €24,789 | = |
| Outside capital11 | - | - | €24,789 | - | - | - |
| Other1109/19 | - | - | €24,789 | - | - | - |
| Reserves13 | €2,479 | €2,479 | €2,479 | €2,479 | €2,479 | = |
| Non-distributable reserves130/1 | €2,479 | €2,479 | €2,479 | €2,479 | €2,479 | = |
| Reserves not available under the articles1311 | €2,479 | €2,479 | €2,479 | €2,479 | €2,479 | = |
| Profit (loss) carried forward14 | -€180,333 | -€156,783 | -€162,516 | -€181,258 | -€177,585 | ▲ 2.0% |
| Amounts payable17/49 | €178,221 | €177,706 | €183,068 | €176,415 | €191,888 | ▲ 8.8% |
| Amounts payable within one year42/48 | €178,221 | €177,706 | €183,068 | €176,415 | €191,888 | ▲ 8.8% |
| Trade debts44 | €40,317 | €3,413 | €11,034 | €405 | €548 | ▲ 35.2% |
| Suppliers440/4 | €40,317 | €3,413 | €11,034 | €405 | €548 | ▲ 35.2% |
| Advances received on contracts in progress46 | €3,630 | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | €146 | €149 | €70 | €0 | - | - |
| Taxes450/3 | €146 | €149 | €70 | €0 | - | - |
| Other amounts payable47/48 | €134,128 | €174,144 | €171,964 | €176,009 | €191,340 | ▲ 8.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,661 | €23,551 | -€5,733 | -€18,742 | €3,673 | ▲ 120% |
| + Depreciation and write-downs630 | €3,436 | €6,484 | €7,594 | €7,536 | €1,944 | ▼ 74.2% |
| Operating cash flow (approximation) | €5,097 | €30,035 | €1,861 | -€11,206 | €5,617 | ▲ 150% |
| Investment in fixed assets (approximation) | - | - | -€1,607 | €0 | -€7,436 | - |
| Change in cash | - | -€13,648 | €1,790 | -€7,006 | €1,501 | ▲ 121% |
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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
23-01
KBO administration
Address strikeout annulled
2025
31-12
Financial
Back to profitnet €3,673
Net result €3,673 after 2 loss-making years.
10-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 41 days late
10-06
KBO administration
Address struck
Kersbeeklaan 308 Die Sitzadresse Avenue Kersbeek / Kersbee-
1180 Uccle · event 02-04-2025
2024
13-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 135 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Back to profitnet €1,661
Net result €1,661 after 2 loss-making years.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€35,862
Net result drops to -€35,862, the lowest in the series; recovery starts the following year.
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
Show earlier events
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 3 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Ukkel · 1 establishment unit since 2001
Ground area
496 m²
Building footprint
186 m²
Volume, LiDAR
1,934 m³
2 parcels, Brussels · tallest building 18.3 m, ±5 floors. Linked by address, not a title deed.
446
companies at this address
See who is registered here
1 establishment unit
Maria Malibranstraat 54, 1050 Elsene
since 20012.094.452.605
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616G0030/00T016 | Brussels | 342 m² | 1 · 99 m² | 13.8 m · 3 fl. |
| 21442A0121/00V002 | Brussels | 154 m² | 1 · 88 m² | 18.3 m · 5 fl. |
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.
Identification & contact
Identification
Legal formPrivate limited company
Founded19-07-2000
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0472425731
Registered
03-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.