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ESPACE IMMO

Active
Private limited company (pre-2019)founded 199828 yrs activeRue Cahorday 7, 4671 Blégny, BelgiumKBO/BCE: BE 0462.440.867
Summary

ESPACE IMMO has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €79,443 and a net result of -€13,959. Equity is shrinking by ~11.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability0▼-20
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity short (current ratio 0.01 against 0.16 in 2024; short-term debt: 4.5% and cash: 0% of total assets), and 4.5% 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
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 28 years 0 30 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
18192022232425
2018 to 2025 · latest year -€13,959
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 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
52 d early
2024
86 d early
2023
126 d early
2022
17 d late
2020
26 d early
2019
34 d early
2018
27 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 48 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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. Usually files around 9 June (4 of the last 5 filed years within 69 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

ESPACE IMMO was incorporated on 15 January 1998.1 Total assets fell from EUR 177,367 in 2018 to EUR 83,196 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€79,443▼ 14.9%
2024 · €93,402
Total assets
€83,196▼ 13.3%
2024 · €95,910
Net result
-€13,959▼ 13.9%
2024 · -€12,259
Working capital
-€3,731▼ 77.4%
2024 · -€2,103
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
Line20202022202320242025
Operating result-€12,699▲ 5.5%-€11,489--€10,750▲ 6.4%-€12,193▼ 13.4%-€13,909▼ 14.1%
Net result-€12,699▲ 5.6%-€11,548--€10,774▲ 6.7%-€12,259▼ 13.8%-€13,959▼ 13.9%
Equity€144,284▼ 8.1%€116,435-€105,661▼ 9.3%€93,402▼ 11.6%€79,443▼ 14.9%
Total assets€146,846▼ 8.2%€120,716-€108,252▼ 10.3%€95,910▼ 11.4%€83,196▼ 13.3%
Debt€2,562▼ 15.5%€4,281-€2,591▼ 39.5%€2,508▼ 3.2%€3,753▲ 49.6%
Working capital-€546▼ 206%-€3,282--€2,176▲ 33.7%-€2,103▲ 3.3%-€3,731▼ 77.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€15,000-€10,000-€5,000€0Operating result 2020: -€12,699-€12,699Net result 2020: -€12,699-€12,699Operating result 2022: -€11,489-€11,489Net result 2022: -€11,548-€11,548Operating result 2023: -€10,750-€10,750Net result 2023: -€10,774-€10,774Operating result 2024: -€12,193-€12,193Net result 2024: -€12,259-€12,259Operating result 2025: -€13,909-€13,909Net result 2025: -€13,959-€13,95920202022202320242025-€15,000-€10,000-€5,000€0Operating result 2023: -€10,750-€10,800Net result 2023: -€10,774-€10,800Operating result 2024: -€12,193-€12,200Net result 2024: -€12,259-€12,300Operating result 2025: -€13,909-€13,900Net result 2025: -€13,959-€14,000202320242025
The operating result stays negative: a loss of €13,909 in 2025 against €12,193 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €83,196
Fixed assets €83,174 ▼ 12.9%
Current assets €22 ▼ 94.6%
Equity and liabilities €83,196
Equity €79,443 ▼ 14.9%
Debt €3,753 ▲ 49.6%
Debt's share of the balance-sheet total rises from 2.6% to 4.5%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€1,577▼
2024 · €138
Cash flow
-€1,627▼
2024 · €72
Current ratio
0.01▼
2024 · 0.16
Debt to equity
0.05▲
2024 · 0.03
ROE
-17.6%▼
2024 · -13.1%
ROA
-16.8%▼
2024 · -12.8%
Interest coverage
-31.55▼
2024 · 2.09
Debt ≤ 1 year
€3,753▲
2024 · €2,508
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
1.7% went bankrupt
13% stopped otherwise
84% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.0% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 5,834 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 31 lines
Balance sheet Code20242025
Assets
Total assets20/58€95,910€83,196▼
Fixed assets21/28€95,505€83,174▼
Tangible fixed assets22/27€95,505€83,174▼
Land and buildings22€95,505€83,174▼
Current assets29/58€404€22▼
Cash at bank and in hand54/58€2€22▲
Deferred charges and accrued income490/1€402-
Equity and liabilities
Total equity and liabilities10/49€95,910€83,196▼
Equity10/15€93,402€79,443▼
Contributions10/11€37,184€37,184=
Revaluation surpluses12€63,540€63,540=
Reserves13€43,560€43,560=
Non-distributable reserves130/1€3,718€3,718=
Reserves not available under the articles1311€3,718€3,718=
Distributable reserves133€39,842€39,842=
Profit (loss) carried forward14-€50,882-€64,841▼
Amounts payable17/49€2,508€3,753▲
Amounts payable within one year42/48€2,508€3,753▲
Other amounts payable47/48€2,508€3,753▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,331€12,331=
Provisions for liabilities and charges: additions (uses and reversals)635/8-€1,474
Other operating charges640/8€1,429-
Gross operating margin9900€1,568-€103▼
Operating profit (loss)9901-€12,193-€13,909▼
Financial charges65/66B€66€50▼
Recurring financial charges65€66€50▼
Profit (loss) for the period before taxes9903-€12,259-€13,959▼
Profit (loss) for the period9904-€12,259-€13,959▼
Profit (loss) for the period to be appropriated9905-€12,259-€13,959▼
Appropriation of the result
Profit (loss) to be appropriated9906-€50,882-€64,841▼
Profit (loss) brought forward from the previous period14P-€38,623-€50,882▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,331€12,331€12,331€12,331€12,331=
Provisions for liabilities and charges: additions (uses and reversals)635/8----€1,474-
Other operating charges640/8-€1,253€1,373€1,429--
Gross operating margin9900€1,195€2,095€2,954€1,568-€103▼ 107%
Operating profit (loss)9901-€12,699-€11,489-€10,750-€12,193-€13,909▼ 14.1%
Financial charges65/66B-€59€24€66€50▼ 24.2%
Recurring financial charges65-€59€24€66€50▼ 24.2%
Profit (loss) for the period before taxes9903-€12,699-€11,548-€10,774-€12,259-€13,959▼ 13.9%
Profit (loss) for the period9904-€12,699-€11,548-€10,774-€12,259-€13,959▼ 13.9%
Profit (loss) for the period to be appropriated9905-€12,699-€11,548-€10,774-€12,259-€13,959▼ 13.9%
Line20202022202320242025Change
Assets
Total assets20/58€146,846€120,716€108,252€95,910€83,196▼ 13.3%
Fixed assets21/28€144,830€120,168€107,837€95,505€83,174▼ 12.9%
Tangible fixed assets22/27€144,830€120,168€107,837€95,505€83,174▼ 12.9%
Land and buildings22-€120,168€107,837€95,505€83,174▼ 12.9%
Current assets29/58€2,016€549€416€404€22▼ 94.6%
Amounts receivable within one year40/41€1,374-€397---
Trade receivables40--€397---
Cash at bank and in hand54/58€10€549€19€2€22▲ 862%
Deferred charges and accrued income490/1---€402--
Equity and liabilities
Total equity and liabilities10/49€146,846€120,716€108,252€95,910€83,196▼ 13.3%
Equity10/15€144,284€116,435€105,661€93,402€79,443▼ 14.9%
Contributions10/11-€37,184€37,184€37,184€37,184=
Revaluation surpluses12-€72,617€63,540€63,540€63,540=
Reserves13€16,329€34,483€43,560€43,560€43,560=
Non-distributable reserves130/1-€3,718€3,718€3,718€3,718=
Reserves not available under the articles1311-€3,718€3,718€3,718€3,718=
Distributable reserves133-€30,765€39,842€39,842€39,842=
Profit (loss) carried forward14€0-€27,849-€38,623-€50,882-€64,841▼ 27.4%
Amounts payable17/49€2,562€4,281€2,591€2,508€3,753▲ 49.6%
Amounts payable within one year42/48€2,562€3,831€2,591€2,508€3,753▲ 49.6%
Trade debts44€97€1,240----
Suppliers440/4-€1,240----
Other amounts payable47/48-€2,591€2,591€2,508€3,753▲ 49.6%
Accrued charges and deferred income492/3-€450----
Line20202022202320242025Change
Profit (loss) for the period9904-€12,699-€11,548-€10,774-€12,259-€13,959▼ 13.9%
+ Depreciation and write-downs630€12,331€12,331€12,331€12,331€12,331=
Operating cash flow (approximation)-€368€784€1,557€72-€1,627▼ 2,353%
Investment in fixed assets (approximation)--€0€0€0-
Change in cash---€530-€17€20▲ 218%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
09-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Weakest financial yearnet -€13,959
Net result drops to -€13,959, the lowest in the series.
06-05
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
27-03
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
17-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2021
05-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
27-06
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
04-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
04-06
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 308 days late
2017
12-09
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 43 days late
2016
31-08
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Blégny · 1 establishment unit since 1998
seat establishment The establishment unit on the map
Ground area
2,458 m²
Building footprint
421 m²
Volume, LiDAR
1,741 m³
2 parcels, Wallonia · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Vallée 5, 4681 Oupeye
Insurance, reinsurance and pension funding, except compulsory social security
since 19982.085.869.390
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62095C0038/00B000 Wallonia 1,242 m² 1 · 209 m² -
62049A0784/00A000 Wallonia 1,216 m² 1 · 212 m² 10.0 m · 3 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 (pre-2019)
Founded15-01-1998
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.