Espace formation pme
ActiveEspace formation pme has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.72M and a net result of €51k. Equity is shrinking by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 30% of 678 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▲+1
Solvency55▼-4
Growth57▲+15
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190k at 30 days acceptable
Liquidity short (current ratio 0.81 against 0.7 in 2024; short-term debt: 51.8% and cash: 2.1% of total assets), and 70.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 85
Relative position
BE, all sectors
reference
Sector 85
lower
← 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
29.5%
Return on assets
0.6%
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
20 d early
2023
35 d early
2022
18 d late
2021
11 d early
2020
184 d late
2019
74 d late
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€3.04M▲ 3.2%
2024 · €2.95M
2022: €2.52M
2023: €2.71M
2024: €2.95M
2022 → 2025
EBIT margin
3.1%▼ 0.9pp
2024 · 4.0%
2022: 3.9%
2023: 12.9%
2024: 4.0%
2022 → 2025
Net result
€51k
2024 · €-17k
2022: €0
2023: €246k
2024: €-17k
2022 → 2025
Working capital
€-927k▲ 9.0%
2024 · €-1.02M
2022: €1.42M
2023: €-706k
2024: €-1.02M
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Turnover€2.52M-€2.71M▲ 7.6%€2.95M▲ 8.6%€3.04M▲ 3.2%
Equity€3.08M-€2.98M▼ 3.4%€2.78M▼ 6.6%€2.72M▼ 2.1%
Operating result€98k-€350k▲ 257%€118k▼ 66.4%€94k▼ 20.0%
Net result€0-€246k€-17k€51k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 20% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.22M
Fixed assets
€5.37M▼ 9.1%
Current assets
€3.84M▲ 63.5%
Equity and liabilities €9.22M
Equity
€2.72M▼ 2.1%
Provisions
€140k▼ 62.3%
Debt
€6.36M▲ 24.3%
The debt ratio rises from 61.9% to 69.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1.29M▼
2024 · €1.33M
Cash flow
€1.25M▲
2024 · €1.19M
Solvency
29.5%▼
2024 · 33.6%
Current ratio
0.81▲
2024 · 0.70
Quick ratio
0.80▲
2024 · 0.69
Debt / equity
2.34▲
2024 · 1.84
ROE
1.9%▲
2024 · -0.6%
ROA
0.6%▲
2024 · -0.2%
Interest coverage
20.89=
2024 · 20.88
Debt
€6.36M▲
2024 · €5.11M
Debt ≤ 1 year
€4.77M▲
2024 · €3.37M
Debt > 1 year
€870k▼
2024 · €1.08M
Income taxes
€3k
Staff costs
€9.75M▲
2024 · €9.18M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€8.26M€9.22M▲
Fixed assets21/28€5.91M€5.37M▼
Tangible fixed assets22/27€5.91M€5.37M▼
Land and buildings22€4.09M€3.89M▼
Plant, machinery and equipment23€614k€454k▼
Furniture and vehicles24€1.20M€1.02M▼
Assets under construction and advance payments27€9k€7k▼
Financial fixed assets28€248€248=
Other financial fixed assets284/8€248€248=
Amounts receivable and cash guarantees285/8€248€248=
Current assets29/58€2.35M€3.84M▲
Stocks and contracts in progress3€41k€32k▼
Stocks30/36€41k€32k▼
Goods purchased for resale34€41k€32k▼
Amounts receivable within one year40/41€1.43M€3.26M▲
Trade receivables40€175k€307k▲
Other amounts receivable41€1.26M€2.96M▲
Cash at bank and in hand54/58€675k€192k▼
Deferred charges and accrued income490/1€200k€357k▲
Equity and liabilities
Total equity and liabilities10/49€8.26M€9.22M▲
Equity10/15€2.78M€2.72M▼
Contributions10/11€23k€23k=
Capital10€23k€23k=
Revaluation surpluses12€380k€380k=
Reserves13€370k€395k▲
Profit (loss) carried forward14€151k€176k▲
Investment grants15€1.86M€1.75M▼
Provisions and deferred taxes16€372k€140k▼
Provisions for liabilities and charges160/5€372k€140k▼
Other liabilities and charges164/5€372k€140k▼
Amounts payable17/49€5.11M€6.36M▲
Amounts payable after more than one year17€1.08M€870k▼
Financial debts170/4€1.08M€870k▼
Credit institutions173€1.08M€870k▼
Amounts payable within one year42/48€3.37M€4.77M▲
Current portion of amounts payable after more than one year42€219k€221k▲
Financial debts43€625k€1.49M▲
Credit institutions430/8€625k€1.49M▲
Trade debts44€1.13M€1.01M▼
Suppliers440/4€1.13M€1.01M▼
Taxes, remuneration and social security45€1.39M€2.04M▲
Taxes450/3€229k€424k▲
Remuneration and social security454/9€1.16M€1.62M▲
Accrued charges and deferred income492/3€659k€716k▲
Income statement
Code20242025
Operating income70/76A€17.44M€18.45M▲
Turnover70€2.95M€3.04M▲
Other operating income74€224k€258k▲
Non-recurring operating income76A€463€72k▲
Operating charges60/66A€17.32M€18.36M▲
Goods for resale, raw materials and consumables60€875k€853k▼
Purchases600/8€901k€844k▼
Change in stocks: decrease (increase)609€-26k€9k▲
Services and other goods61€5.94M€6.44M▲
Remuneration, social security and pensions62€9.18M€9.75M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.21M€1.19M▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€820€34k▲
Other operating charges640/8€2k€23k▲
Non-recurring operating charges66A€58k€330k▲
Operating profit (loss)9901€118k€94k▼
Financial income75/76B€1k€903▼
Recurring financial income75€46€3▼
Other financial income752/9€46€3▼
Non-recurring financial income76B€1k€900▼
Financial charges65/66B€136k€41k▼
Recurring financial charges65€136k€41k▼
Debt charges650€64k€62k▼
Other financial charges652/9€72k€-21k▼
Profit (loss) for the period before taxes9903€-17k€54k▲
Income taxes67/77-€3k
Taxes670/3-€3k
Profit (loss) for the period9904€-17k€51k▲
Profit (loss) for the period to be appropriated9905€-17k€51k▲
Appropriation of the result
Profit (loss) to be appropriated9906€151k€201k▲
Profit (loss) brought forward from the previous period14P€167k€151k▼
To contributions691-€25k
Social balance
Average headcount (FTE)9087245.8229.7▼
The notes to these accounts (55 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €51k
Net result €51k after one loss-making year.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-17k ▼107%
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €246k
Net result €246k after one loss-making year.
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 18 days late
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 184 days late
2020
13-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 74 days late
2019
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 66 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Stallestraat 292b1180 UkkelGround area
1.3 ha
Building footprint
4,598 m²
Volume, LiDAR
31,839 m³
Parcel 21616G0233/00Y000, Brussels · tallest building 17.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ESPACE FORMATION PME (en abrégé efp)
since 20012.156.387.402
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616G0233/00Y000 | Brussels | 1.3 ha | 2 · 4,598 m² | 17.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Federal government
2024 · 1 entry · 77,509 EUR in total| Year | Department | Transactions | Amount |
|---|---|---|---|
| 2024 | FOD Economie | 1 | 77,509 EUR |
Budget allocations
Ondersteunende maatregelen in het kader van de bestrijding van de digitale kloof en de omschakeling naar digitale inclusie
Recognitions · licences · registrations
Food safety, FASFC
1 siteUkkel2.156.387.402
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Of 3,015 companies in sector 85592 we hold annual accounts for 987. 322 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded26-06-2001
Fiscal year end31-12
Abbreviation FR
efp
Activities, NACEBEL
80421
85592Vocational training
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.