ESPACE CONCEPT
ActiveSummary
ESPACE CONCEPT has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €482,020 and a net result of -€36,776. Equity is growing by ~13.2% per year across the filed fiscal years. Its solvency ranks better than 88% of 2028 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability18▼-66
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 8.82 against 13.04 in 2024; short-term debt: 9.2% and cash: 76.8% of total assets), and 17.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
82.7%
Return on assets
-6.3%
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
12 d early
2023
29 d late
2022
14 d late
2021
18 d late
2020
18 d late
2019
46 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 16 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€482,020▼ 7.1%
2024 · €518,796
Total assets
€582,595▲ 5.6%
2024 · €551,579
Net result
-€36,776
2024 · €68,322
Working capital
€418,066▲ 5.9%
2024 · €394,726
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€75,880▲ 45.7%€104,591▲ 37.8%€104,767▲ 0.2%€95,550▼ 8.8%€31,477▼ 67.1%
Net result€50,622above the sector's middle half▲ 36.3%€76,474above the sector's middle half▲ 51.1%€73,319above the sector's middle half▼ 4.1%€68,322above the sector's middle half▼ 6.8%-€36,776below the sector's middle half
Equity€360,681above the sector's middle half▲ 16.3%€437,155above the sector's middle half▲ 21.2%€510,474above the sector's middle half▲ 16.8%€518,796above the sector's middle half▲ 1.6%€482,020within the sector's middle half▼ 7.1%
Total assets€374,236above the sector's middle half▲ 17.6%€451,213above the sector's middle half▲ 20.6%€519,741above the sector's middle half▲ 15.2%€551,579above the sector's middle half▲ 6.1%€582,595within the sector's middle half▲ 5.6%
Debt€13,555▲ 68.1%€14,058▲ 3.7%€9,267▼ 34.1%€32,783▲ 254%€53,434▲ 63.0%
Working capital€276,349▲ 25.9%€359,062▲ 29.9%€426,297▲ 18.7%€394,726▼ 7.4%€418,066▲ 5.9%
Solvency96.4%above the sector's middle half▼ 1.1pp96.9%above the sector's middle half▲ 0.5pp98.2%above the sector's middle half▲ 1.3pp94.1%above the sector's middle half▼ 4.2pp82.7%above the sector's middle half▼ 11.3pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
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 has fallen two years in a row; 2025 is 67% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €582,595
Fixed assets
€111,095 ▼ 10.5%
Current assets
€471,500 ▲ 10.3%
Equity and liabilities €582,595
Equity
€482,020 ▼ 7.1%
Provisions
€47,141
Debt
€53,434 ▲ 63.0%
Debt's share of the balance-sheet total rises from 5.9% to 9.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€49,430▼
2024 · €110,551
Cash flow
-€18,823▼
2024 · €83,323
Current ratio
8.82▼
2024 · 13.04
Debt to equity
0.11▲
2024 · 0.06
ROE
-7.6%▼
2024 · 13.2%
ROA
-6.3%▼
2024 · 12.4%
Interest coverage
0.85▼
2024 · 484.87
Debt ≤ 1 year
€53,434▲
2024 · €32,783
Income taxes
€9,813▼
2024 · €27,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 8,594 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,239 | €6,239 | €6,856 | €15,001 | €17,953 | ▲ 19.7% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €47,141 | - |
| Other operating charges640/8 | €1,958 | €1,521 | €2,836 | €3,108 | €2,420 | ▼ 22.1% |
| Gross operating margin9900 | €84,077 | €112,351 | €114,459 | €113,659 | €98,991 | ▼ 12.9% |
| Operating profit (loss)9901 | €75,880 | €104,591 | €104,767 | €95,550 | €31,477 | ▼ 67.1% |
| Financial income75/76B | €6 | - | - | - | - | - |
| Recurring financial income75 | €6 | - | - | - | - | - |
| Financial charges65/66B | €215 | €117 | €58 | €228 | €58,440 | ▲ 25,532% |
| Recurring financial charges65 | €215 | €117 | €58 | €228 | €58,440 | ▲ 25,532% |
| Profit (loss) for the period before taxes9903 | €75,671 | €104,474 | €104,709 | €95,322 | -€26,963 | ▼ 128% |
| Income taxes67/77 | €25,049 | €28,000 | €31,390 | €27,000 | €9,813 | ▼ 63.7% |
| Profit (loss) for the period9904 | €50,622 | €76,474 | €73,319 | €68,322 | -€36,776 | ▼ 154% |
| Profit (loss) for the period to be appropriated9905 | €50,622 | €76,474 | €73,319 | €68,322 | -€36,776 | ▼ 154% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €374,236 | €451,213 | €519,741 | €551,579 | €582,595 | ▲ 5.6% |
| Fixed assets21/28 | €84,332 | €78,093 | €84,177 | €124,070 | €111,095 | ▼ 10.5% |
| Tangible fixed assets22/27 | €84,332 | €78,093 | €84,177 | €124,070 | €111,095 | ▼ 10.5% |
| Land and buildings22 | €35,101 | €33,118 | €35,193 | €32,792 | €30,391 | ▼ 7.3% |
| Plant, machinery and equipment23 | €371 | €185 | €8,263 | €7,386 | €6,508 | ▼ 11.9% |
| Furniture and vehicles24 | €0 | €0 | €0 | €0 | €4,824 | - |
| Leasing and similar rights25 | - | - | - | €46,713 | €35,734 | ▼ 23.5% |
| Other tangible fixed assets26 | €48,860 | €44,790 | €40,721 | €37,179 | €33,638 | ▼ 9.5% |
| Current assets29/58 | €289,904 | €373,120 | €435,564 | €427,509 | €471,500 | ▲ 10.3% |
| Amounts receivable within one year40/41 | €22,523 | €28,902 | €27,567 | €26,561 | €23,252 | ▼ 12.5% |
| Trade receivables40 | €22,523 | €28,902 | €15,939 | €17,101 | €12,998 | ▼ 24.0% |
| Other amounts receivable41 | - | - | €11,628 | €9,460 | €10,254 | ▲ 8.4% |
| Cash at bank and in hand54/58 | €267,381 | €344,218 | €407,997 | €400,948 | €447,598 | ▲ 11.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | €650 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €374,236 | €451,213 | €519,741 | €551,579 | €582,595 | ▲ 5.6% |
| Equity10/15 | €360,681 | €437,155 | €510,474 | €518,796 | €482,020 | ▼ 7.1% |
| Contributions10/11 | €12,600 | €12,600 | €12,600 | €12,600 | €12,600 | = |
| Outside capital11 | - | - | €12,600 | €12,600 | €12,600 | = |
| Other1109/19 | - | - | €12,600 | €12,600 | €12,600 | = |
| Reserves13 | €322,790 | €342,790 | €372,790 | €372,790 | €372,790 | = |
| Non-distributable reserves130/1 | €1,890 | €1,890 | €1,890 | €1,890 | €1,890 | = |
| Reserves not available under the articles1311 | €1,890 | €1,890 | €1,890 | €1,890 | €1,890 | = |
| Tax-exempt reserves132 | €1,500 | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Distributable reserves133 | €319,400 | €339,400 | €369,400 | €369,400 | €369,400 | = |
| Profit (loss) carried forward14 | €25,291 | €81,765 | €125,084 | €133,406 | €96,630 | ▼ 27.6% |
| Provisions and deferred taxes16 | - | - | - | - | €47,141 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €47,141 | - |
| Other liabilities and charges164/5 | - | - | - | - | €47,141 | - |
| Amounts payable17/49 | €13,555 | €14,058 | €9,267 | €32,783 | €53,434 | ▲ 63.0% |
| Amounts payable within one year42/48 | €13,555 | €14,058 | €9,267 | €32,783 | €53,434 | ▲ 63.0% |
| Current portion of amounts payable after more than one year42 | €4,095 | €0 | - | - | - | - |
| Trade debts44 | €1,030 | €6,896 | €3,711 | €4,257 | €238 | ▼ 94.4% |
| Suppliers440/4 | €1,030 | €6,896 | €3,711 | €4,257 | €238 | ▼ 94.4% |
| Taxes, remuneration and social security45 | €4,971 | €4,000 | €4,619 | €12,757 | €2,225 | ▼ 82.6% |
| Taxes450/3 | €4,971 | €4,000 | €4,619 | €12,757 | €2,225 | ▼ 82.6% |
| Other amounts payable47/48 | €3,459 | €3,162 | €937 | €15,769 | €50,971 | ▲ 223% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €50,622 | €76,474 | €73,319 | €68,322 | -€36,776 | ▼ 154% |
| + Depreciation and write-downs630 | €6,239 | €6,239 | €6,856 | €15,001 | €17,953 | ▲ 19.7% |
| Operating cash flow (approximation) | €56,861 | €82,713 | €80,175 | €83,323 | -€18,823 | ▼ 123% |
| Investment in fixed assets (approximation) | - | €0 | -€12,940 | -€54,894 | -€4,978 | ▲ 90.9% |
| Change in cash | - | €76,837 | €63,779 | -€7,049 | €46,650 | ▲ 762% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€36,776
Net result drops to -€36,776, the lowest in the series.
19-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Equity above €500,000Eq €510,474 ▲16.8%
6 profitable years in a row build equity to €510,474.
14-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 14 days late
2022
31-12
Financial
Highest result since 2018net €76,474 ▲51.1%
Net result €76,474, the highest in the series.
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 28.21
Current ratio from 10.40 to 28.21; short-term debt falls from €20,142 to €8,065.
15-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 46 days late
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
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, La Bruyère · 1 establishment unit since 2001
Ground area
2,415 m²
Building footprint
162 m²
Volume, LiDAR
555 m³
Parcel 92102B0161/00F000, Wallonia · tallest building 6.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Rue Derrière-les-Monts, Rhisnes 35, 5080 La Bruyère
since 20012.094.430.631
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92102B0161/00F000 | Wallonia | 2,415 m² | 1 · 162 m² | 6.2 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.
Recognitions · licences · registrations
Legal Entity Identifier
254900XAKUH4TFMF5V57
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Of 18,250 companies in sector 71111 we hold annual accounts for 6,320. 4,049 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
Founded30-05-2001
Fiscal year end31-12
Activities, NACEBEL 2025
71111Activities of building architects
70200Business and other management consultancy
81100Combined facilities support activities
90201Performing arts by independent artists
E-invoicing
Reachable via Peppol
Peppol ID
0208:0474912295
Also
9925:BE0474912295
Registered
16-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.