ESPACE BUSINESS SERVICES 7
ActiveSummary
ESPACE BUSINESS SERVICES 7 has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15,105 and a net result of €861. Equity is growing by about 13% per year across the filed financial years. Its solvency ranks better than 52% of 5,822 sector peers (NACE 49, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
- Equity
- €15,105
- Profit
- €861
Why 83raises riskSector: Land transport and transport via pipelines (NACE 49)Size: total assets €37,981lowers riskFounded in 2015Liquidity: current ratio 0.30, cash €6,508Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 49, micro): better than 52% on solvency, 38% on liquidity, 47% on profitability and 49% on growth.
The bankruptcy probability was computed on 23-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 9 days before the deadline; the sector median (NACE 49) for financial year 2024 is on the deadline day, and 49% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Back to profitnet €861
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €3,902 after a loss of €157 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 49, Land transport and transport via pipelines: 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).
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.1% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 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% | 1.8% |
| 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 74.5% 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 10,905 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €8,000 | - | - | - | €15,902 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,809 | €7,466 | €4,032 | €7,573 | €11,366 | €8,343 | €7,709 | €7,709 | = |
| Other operating charges640/8 | - | - | - | €974 | €537 | €116 | €3,817 | €126 | ▼ 96.7% |
| Gross operating margin9900 | €5,558 | €8,825 | €12,584 | €21,615 | €11,832 | €5,002 | €11,370 | €11,736 | ▲ 3.2% |
| Operating profit (loss)9901 | -€8,260 | -€1,175 | €7,924 | €13,068 | -€71 | -€3,457 | -€157 | €3,902 | - |
| Financial income75/76B | - | - | - | €1 | - | - | - | €0 | - |
| Recurring financial income75 | €50 | - | - | €1 | - | - | - | €0 | - |
| Financial charges65/66B | - | - | - | €870 | €918 | €1,047 | €83 | €313 | ▲ 277% |
| Recurring financial charges65 | €532 | €973 | €199 | €870 | €918 | €1,047 | €83 | €313 | ▲ 277% |
| Profit (loss) for the period before taxes9903 | -€8,741 | -€2,148 | €7,725 | €12,199 | -€989 | -€4,504 | -€240 | €3,589 | - |
| Income taxes67/77 | €725 | - | - | - | - | €511 | - | €2,728 | - |
| Profit (loss) for the period9904 | -€9,466 | -€2,148 | €7,725 | €12,199 | -€989 | -€5,015 | -€240 | €861 | - |
| Profit (loss) for the period to be appropriated9905 | -€9,466 | -€2,148 | €7,725 | €12,199 | -€989 | -€5,015 | -€240 | €861 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €20,720 | €11,015 | €31,160 | €37,653 | €50,155 | €88,421 | €59,391 | €37,981 | ▼ 36.0% |
| Fixed assets21/28 | €10,133 | €2,667 | €18,687 | €11,114 | €31,414 | €61,005 | €38,719 | €31,009 | ▼ 19.9% |
| Tangible fixed assets22/27 | €10,133 | €2,667 | €18,687 | €11,114 | €31,414 | €61,005 | €38,719 | €31,009 | ▼ 19.9% |
| Furniture and vehicles24 | - | - | - | €11,114 | €611 | €37,903 | €38,719 | €31,009 | ▼ 19.9% |
| Leasing and similar rights25 | - | - | - | - | €30,803 | €23,102 | - | - | - |
| Current assets29/58 | €10,587 | €8,348 | €12,473 | €26,539 | €18,741 | €27,416 | €20,672 | €6,972 | ▼ 66.3% |
| Amounts receivable within one year40/41 | €9,398 | €8,172 | €11,187 | €17,891 | €11,596 | €20,702 | €14,517 | €464 | ▼ 96.8% |
| Trade receivables40 | - | - | - | €17,891 | €8,836 | €12,474 | €14,368 | - | - |
| Other amounts receivable41 | - | - | - | - | €2,760 | €8,228 | €149 | €464 | ▲ 212% |
| Cash at bank and in hand54/58 | €1,189 | €176 | €1,286 | €8,648 | €7,145 | €6,714 | €6,155 | €6,508 | ▲ 5.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €20,720 | €11,015 | €31,160 | €37,653 | €50,155 | €88,421 | €59,391 | €37,981 | ▼ 36.0% |
| Equity10/15 | €2,710 | €562 | €8,287 | €20,486 | €19,498 | €14,483 | €14,244 | €15,105 | ▲ 6.0% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€17,750 | -€19,898 | -€12,173 | €26 | -€962 | -€5,977 | -€6,216 | -€5,355 | ▲ 13.9% |
| Amounts payable17/49 | €18,009 | €10,452 | €22,873 | €17,167 | €30,657 | €73,938 | €45,147 | €22,876 | ▼ 49.3% |
| Amounts payable after more than one year17 | - | - | - | - | €10,495 | €6,765 | - | - | - |
| Financial debts170/4 | - | - | - | - | €10,495 | €6,765 | - | - | - |
| Amounts payable within one year42/48 | €18,009 | €10,452 | €22,873 | €17,167 | €20,163 | €67,173 | €45,147 | €22,876 | ▼ 49.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €3,730 | €3,730 | - | - | - |
| Trade debts44 | €5,680 | €684 | €13,725 | €3,688 | €13,242 | €54,350 | €41,056 | €22,113 | ▼ 46.1% |
| Suppliers440/4 | - | - | - | €3,688 | €13,242 | €54,350 | €41,056 | €22,113 | ▼ 46.1% |
| Taxes, remuneration and social security45 | - | - | - | €1,938 | - | €5 | €1,091 | €763 | ▼ 30.1% |
| Taxes450/3 | - | - | - | €1,938 | - | €5 | €1,091 | €763 | ▼ 30.1% |
| Other amounts payable47/48 | - | - | - | €11,541 | €3,191 | €9,088 | €3,000 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,466 | -€2,148 | €7,725 | €12,199 | -€989 | -€5,015 | -€240 | €861 | - |
| + Depreciation and write-downs630 | €7,809 | €7,466 | €4,032 | €7,573 | €11,366 | €8,343 | €7,709 | €7,709 | = |
| Operating cash flow (approximation) | -€1,657 | €5,318 | €11,757 | €19,772 | €10,378 | €3,328 | €7,469 | €8,570 | ▲ 14.7% |
| Investment in fixed assets (approximation) | - | €0 | -€20,052 | €0 | -€31,666 | -€37,934 | €14,577 | €0 | ▼ 100% |
| Change in cash | - | -€1,013 | €1,110 | €7,362 | -€1,503 | -€431 | -€558 | €352 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 13-07-2026 | 2026-00291254 |
| 31-12-2024 | micro format | 25-07-2025 | 2025-00312763 |
| 31-12-2023 | micro format | 24-07-2024 | 2024-00284391 |
| 31-12-2022 | micro format | 27-07-2023 | 2023-00290229 |
| 31-12-2021 | micro format | 22-07-2022 | 2022-20214907 |
| 31-12-2020 | micro format | 18-07-2021 | 2021-37900469 |
| 31-12-2019 | micro format | 27-07-2020 | 2020-34900398 |
| 31-12-2018 | micro format | 17-07-2019 | 2019-34200534 |
| 31-12-2017 | full format | 24-07-2018 | 2018-37300394 |
| 31-12-2016 | full format | 16-07-2017 | 2017-32200078 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| KARANGWA Védaste |
|
Owners and capital
Capital and shareholders
- KARANGWA Védaste 40 shares
- Murebwayire Dévotha 35 shares
- André Minan 5 shares
- MURANGIRA François 10 shares
- AKAYEZU Denyse 10 shares
- KARANGWA Védaste to MURANGIRA François 10 shares
- Murebwayire Dévotha to AKAYEZU Denyse 10 shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 05-05-2025 Converted to available equity
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
05-05
Gazette deed
Resignation: KARANGWA Védaste (manager)Appointment: KARANGWA Védaste (director) · Amendment of the articles · Capital conversion10 facts ▸
- General meeting, 28-03-2025
- Amendment of the articles (2 times)
- Capital conversion, “fonds disponibles pour distribution” (deed in French)
- Other provision, “Forme légale–Dénomination–Siège–Objet–Durée, Titre I” (deed in French)
- Capital
- Other provision, “Capitaux propres et apports, Titre II” (deed in French)
- Director resignation, KARANGWA Védaste (manager)
- Director appointment, KARANGWA Védaste (director (not named in the articles))
- Director discharge, KARANGWA Védaste
- Other provision, “extrait analytique conforme, Pour extrait analytique conforme” (deed in French)
29-04
Gazette deed
Capital & sharesShare transfer · Shareholding7 facts ▸
- General meeting, 01-04-2025
- Share transfer, KARANGWA Védaste → MURANGIRA François
- Share transfer, Murebwayire Dévotha → AKAYEZU Denyse
- Shareholding, 40
- Shareholding, 35
- Shareholding, 5
- Shareholding, 10 (2 times)
Show earlier events
About the unread acts
Of the 7 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 23 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21524C0180/00F000 | Brussels | 2,903 m² | 1 · 282 m² | 85.5 m · 28 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- ESPACE BUSINESS SERVICES 7
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, sièges administratifs,agences,ateliers,dépôts et succursales,tant en Belgique qu'à l'étranger” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, organe d’administration” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives avec mentions Code des sociétés et des associations” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Prix notification initiale ou expert commun accord sinon président du tribunal de l'entreprise statuant comme en référé à requête partie la…” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Thursday of June at 18:00