ESPACE ELEVEN
ActiveSummary
ESPACE ELEVEN has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€6,640) and a net result of €12,522. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 28% of 4695 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+22
Solvency22▲+7
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.72 against 0.55 in 2024; short-term debt: 23.8% and cash: 7.1% of total assets), and equity is negative.
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Signals
Four 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
-3.5%
Return on assets
6.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
29 d late
2024
28 d late
2023
31 d late
2022
22 d late
2021
2 d early
2020
16 d late
2019
45 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 24 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 48% 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, micro schema
In the rankings
#9 company by total assets in Soumagne, Other services sector
Equity
-€6,640▲ 65.3%
2024 · -€19,162
Total assets
€190,057▼ 0.9%
2024 · €191,712
Net result
€12,522
2024 · -€1,060
Working capital
-€12,742▼ 3.4%
2024 · -€12,325
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 96, Personal service activities, 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€19,934▼ 37.0%-€19,013€8,689€4,446▼ 48.8%€17,156▲ 286%
Net result€11,038within the sector's middle half▲ 15.2%-€26,064below the sector's middle half€579within the sector's middle half-€1,060within the sector's middle half€12,522within the sector's middle half
Equity€31,665within the sector's middle half▲ 53.5%-€18,682below the sector's middle half-€18,102below the sector's middle half▲ 3.1%-€19,162below the sector's middle half▼ 5.9%-€6,640below the sector's middle half▲ 65.3%
Total assets€322,905above the sector's middle half▼ 3.6%€242,430above the sector's middle half▼ 24.9%€222,704above the sector's middle half▼ 8.1%€191,712within the sector's middle half▼ 13.9%€190,057within the sector's middle half▼ 0.9%
Debt€291,240▼ 7.3%€261,111▼ 10.3%€240,806▼ 7.8%€210,874▼ 12.4%€196,697▼ 6.7%
Working capital€29,742▲ 103%-€30,630-€28,816▲ 5.9%-€12,325▲ 57.2%-€12,742▼ 3.4%
Solvency9.8%within the sector's middle half▲ 3.6pp-7.7%within the sector's middle half▼ 17.5pp-8.1%within the sector's middle half▼ 0.4pp-10.0%within the sector's middle half▼ 1.9pp-3.5%within the sector's middle half▲ 6.5pp
Staff (FTE)3.4▲ 17.2%2.2▼ 35.3%2▼ 9.1%1▼ 50.0%
above
within
below
the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 286% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €190,057
Fixed assets
€157,653 ▼ 10.7%
Current assets
€32,404 ▲ 114%
Key figures and ratios
EBITDA
€36,068▲
2024 · €24,513
Cash flow
€31,434▲
2024 · €19,007
Current ratio
0.72▲
2024 · 0.55
Quick ratio
0.33▲
2024 · 0.19
Debt to equity
-29.62▼
2024 · -11.00
ROA
6.6%▲
2024 · -0.6%
Interest coverage
7.78▲
2024 · 4.45
Debt ≤ 1 year
€45,146▲
2024 · €27,472
Debt > 1 year
€151,040▼
2024 · €183,402
Staff costs
€45,882▲
2024 · €35,116
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,639 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
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
4.9%
stopped otherwise
92%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 3,639 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €74,163 | €97,423 | €53,032 | €35,116 | €45,882 | ▲ 30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,244 | €25,676 | €21,102 | €20,067 | €18,912 | ▼ 5.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €962 | - | - | - | - | - |
| Other operating charges640/8 | €3,332 | €12,969 | €4,140 | €256 | €1,617 | ▲ 532% |
| Non-recurring operating charges66A | - | - | - | €63 | €1,189 | ▲ 1,787% |
| Gross operating margin9900 | €122,636 | €117,054 | €86,963 | €59,948 | €84,756 | ▲ 41.4% |
| Operating profit (loss)9901 | €19,934 | -€19,013 | €8,689 | €4,446 | €17,156 | ▲ 286% |
| Financial income75/76B | €97 | €11 | - | - | - | - |
| Recurring financial income75 | €97 | €11 | - | - | - | - |
| Financial charges65/66B | €8,993 | €7,062 | €8,110 | €5,506 | €4,634 | ▼ 15.8% |
| Recurring financial charges65 | €7,681 | €6,284 | €8,110 | €5,506 | €4,634 | ▼ 15.8% |
| Non-recurring financial charges66B | €1,312 | €778 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €11,038 | -€26,064 | €579 | -€1,060 | €12,522 | ▲ 1,281% |
| Profit (loss) for the period9904 | €11,038 | -€26,064 | €579 | -€1,060 | €12,522 | ▲ 1,281% |
| Profit (loss) for the period to be appropriated9905 | €11,038 | -€26,064 | €579 | -€1,060 | €12,522 | ▲ 1,281% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €322,905 | €242,430 | €222,704 | €191,712 | €190,057 | ▼ 0.9% |
| Fixed assets21/28 | €234,493 | €217,733 | €196,632 | €176,565 | €157,653 | ▼ 10.7% |
| Tangible fixed assets22/27 | €234,058 | €217,297 | €196,196 | €176,129 | €157,217 | ▼ 10.7% |
| Land and buildings22 | €217,820 | €213,952 | €195,041 | €176,129 | €157,217 | ▼ 10.7% |
| Plant, machinery and equipment23 | €5,293 | €2,118 | €1,155 | - | - | - |
| Furniture and vehicles24 | €10,945 | €1,227 | - | - | - | - |
| Financial fixed assets28 | €436 | €436 | €436 | €436 | €436 | = |
| Current assets29/58 | €88,411 | €24,697 | €26,072 | €15,147 | €32,404 | ▲ 114% |
| Stocks and contracts in progress3 | €13,195 | €9,890 | €9,890 | €10,000 | €17,540 | ▲ 75.4% |
| Stocks30/36 | €13,195 | €9,890 | €9,890 | €10,000 | €17,540 | ▲ 75.4% |
| Amounts receivable within one year40/41 | €29,096 | €7,873 | €10,497 | - | €986 | - |
| Trade receivables40 | €28,901 | €7,873 | €8,834 | - | €986 | - |
| Other amounts receivable41 | €195 | - | €1,663 | - | - | - |
| Cash at bank and in hand54/58 | €45,828 | €6,533 | €4,173 | €4,892 | €13,587 | ▲ 178% |
| Deferred charges and accrued income490/1 | €292 | €400 | €1,512 | €255 | €291 | ▲ 14.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €322,905 | €242,430 | €222,704 | €191,712 | €190,057 | ▼ 0.9% |
| Equity10/15 | €31,665 | -€18,682 | -€18,102 | -€19,162 | -€6,640 | ▲ 65.3% |
| Contributions10/11 | €12,400 | €1,001 | €1,001 | €1,001 | €1,001 | = |
| Reserves13 | €8,360 | €675 | €675 | €675 | €675 | = |
| Non-distributable reserves130/1 | €1,860 | €150 | €150 | €150 | €150 | = |
| Reserves not available under the articles1311 | €1,860 | €150 | €150 | €150 | €150 | = |
| Tax-exempt reserves132 | €6,500 | €525 | €525 | €525 | €525 | = |
| Profit (loss) carried forward14 | €10,905 | -€20,357 | -€19,778 | -€20,838 | -€8,316 | ▲ 60.1% |
| Amounts payable17/49 | €291,240 | €261,111 | €240,806 | €210,874 | €196,697 | ▼ 6.7% |
| Amounts payable after more than one year17 | €231,024 | €204,703 | €183,100 | €183,402 | €151,040 | ▼ 17.6% |
| Financial debts170/4 | €231,024 | €204,703 | €183,100 | €183,402 | €151,040 | ▼ 17.6% |
| Amounts payable within one year42/48 | €58,669 | €55,327 | €54,888 | €27,472 | €45,146 | ▲ 64.3% |
| Current portion of amounts payable after more than one year42 | €17,160 | €21,176 | €21,603 | - | €14,933 | - |
| Trade debts44 | €7,592 | €14,008 | €10,253 | €9,074 | €35 | ▼ 99.6% |
| Suppliers440/4 | €7,592 | €14,008 | €10,253 | €9,074 | €35 | ▼ 99.6% |
| Taxes, remuneration and social security45 | €25,745 | €19,680 | €20,512 | €15,182 | €13,451 | ▼ 11.4% |
| Taxes450/3 | €11,875 | €6,142 | €7,838 | €11,265 | €11,740 | ▲ 4.2% |
| Remuneration and social security454/9 | €13,871 | €13,538 | €12,674 | €3,917 | €1,711 | ▼ 56.3% |
| Other amounts payable47/48 | €8,171 | €463 | €2,520 | €3,216 | €16,727 | ▲ 420% |
| Accrued charges and deferred income492/3 | €1,547 | €1,082 | €2,818 | - | €511 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,038 | -€26,064 | €579 | -€1,060 | €12,522 | ▲ 1,281% |
| + Depreciation and write-downs630 | €24,244 | €25,676 | €21,102 | €20,067 | €18,912 | ▼ 5.8% |
| Operating cash flow (approximation) | €35,282 | -€389 | €21,681 | €19,007 | €31,434 | ▲ 65.4% |
| Investment in fixed assets (approximation) | - | -€8,915 | -€1 | €0 | €0 | - |
| Change in cash | - | -€39,296 | -€2,360 | €719 | €8,695 | ▲ 1,109% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
31-12
Financial
Back to profitnet €12,522
Net result €12,522 after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Back to profitnet €579
Net result €579 after one loss-making year.
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
31-12
Financial
Weakest financial yearnet -€26,064
Net result drops to -€26,064, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
31-12
Financial
Back to profitnet €9,585
Net result €9,585 after one loss-making year.
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 45 days late
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro 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, Soumagne · 1 establishment unit since 2014
Ground area
1,018 m²
Building footprint
284 m²
Volume, LiDAR
859 m³
2 parcels, Wallonia · tallest building 5.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ESPACE ELEVEN
since 20142.231.384.931
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63006D0650/00S003 | Wallonia | 658 m² | 1 · 200 m² | 5.5 m · 1 fl. |
| 62069B0166/00L000 | Wallonia | 360 m² | 1 · 84 m² | 0.3 m |
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.
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Of 21,734 companies in sector 96210 we hold annual accounts for 2,832. 2,277 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
Founded21-11-2008
Fiscal year end31-12
Activities, NACEBEL 2025
96210Hairdressing and barber services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0807915671
Also
9925:BE0807915671
Registered
17-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.