ESPACE KARS
ActiveSummary
The annual accounts of ESPACE KARS for fiscal year 2025 show a net loss of 97% of total assets and of 65% of the equity at the start of that year. The 2025 annual accounts show equity of €5k and a net result of €-10k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 58% of 11322 sector peers (fiscal year 2025). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency77▲+7
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.05 against 1.92 in 2024; short-term debt: 47.9% and cash: 14.7% of total assets), and 47.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
52.1%
Return on assets
-96.9%
Age of the figures
9 mo
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-10k
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 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
9 d early
2023
36 d early
2022
13 d early
2021
17 d late
2020
5 d late
2019
91 d late
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€5k▼ 65.0%
2024 · €15k
2018: €9k
2019: €9k
2020: €21k
2021: €26k
2022: €27k
2023: €23k
2024: €15k
2018 → 2025
Total assets
€10k▼ 70.0%
2024 · €34k
2018: €25k
2019: €48k
2020: €39k
2021: €44k
2022: €43k
2023: €40k
2024: €34k
2018 → 2025
Net result
€-10k▼ 34.1%
2024 · €-7k
2018: €-8k
2019: €-418
2020: €12k
2021: €5k
2022: €1k
2023: €-4k
2024: €-7k
2018 → 2025
Working capital
€5k▼ 68.4%
2024 · €16k
2018: €8k
2019: €8k
2020: €21k
2021: €25k
2022: €24k
2023: €22k
2024: €16k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€26k-€27k▲ 5.4%€23k▼ 16.0%€15k▼ 32.7%€5k▼ 65.0%
Operating result€7k-€2k▼ 66.1%€-4k€-6k▼ 71.8%€-10k▼ 63.5%
Net result€5k-€1k▼ 71.4%€-4k€-7k▼ 71.1%€-10k▼ 34.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10k in 2025 against €6k 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 €10k
Fixed assets
€200 ▼ 19.5%
Current assets
€10k ▼ 70.4%
Equity and liabilities €10k
Equity
€5k ▼ 65.0%
Debt
€5k ▼ 74.1%
Debt's share of the balance-sheet total falls from 55.4% to 47.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-10k▼
2024 · €-5k
Cash flow
€-10k▼
2024 · €-6k
Current ratio
2.05▲
2024 · 1.92
Quick ratio
0.39▼
2024 · 0.53
Debt to equity
0.92▼
2024 · 1.24
ROE
-186.1%▼
2024 · -48.5%
ROA
-96.9%▼
2024 · -21.7%
Interest coverage
-86.28▼
2024 · -3.26
Debt ≤ 1 year
€5k▼
2024 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€34k€10k▼
Fixed assets21/28€249€200▼
Tangible fixed assets22/27€49€0▼
Furniture and vehicles24€49€0▼
Financial fixed assets28€200€200=
Current assets29/58€34k€10k▼
Stocks and contracts in progress3€25k€8k▼
Stocks30/36€25k€8k▼
Amounts receivable within one year40/41€417€416▼
Trade receivables40€0€341▲
Other amounts receivable41€417€75▼
Cash at bank and in hand54/58€9k€2k▼
Deferred charges and accrued income490/1€72€0▼
Equity and liabilities
Total equity and liabilities10/49€34k€10k▼
Equity10/15€15k€5k▼
Contributions10/11€19k€19k=
Reserves13€278€278=
Distributable reserves133€278€278=
Profit (loss) carried forward14€-4k€-14k▼
Amounts payable17/49€19k€5k▼
Amounts payable within one year42/48€18k€5k▼
Trade debts44€452€805▲
Suppliers440/4€452€805▲
Other amounts payable47/48€17k€4k▼
Accrued charges and deferred income492/3€1k€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€49▼
Other operating charges640/8€387€400▲
Gross operating margin9900€-4k€-9k▼
Operating profit (loss)9901€-6k€-10k▼
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€1k€114▼
Recurring financial charges65€1k€114▼
Profit (loss) for the period before taxes9903€-7k€-10k▼
Profit (loss) for the period9904€-7k€-10k▼
Profit (loss) for the period to be appropriated9905€-7k€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-4k€-14k▼
Profit (loss) brought forward from the previous period14P€4k€-4k▼
The notes to these accounts (13 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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series.
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2021
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 5 days late
2020
31-12
Financial
Back to profitnet €12k
Net result €12k after 2 loss-making years.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Durbuy · 1 establishment unit since 2004
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.
Chemin des Chevreuils 96940 DurbuyGround area
1,025 m²
Building footprint
132 m²
Parcel 83004C0957/00B002, Wallonia. Linked by address, not a title deed.
1 establishment unit
ESPACE KARS
since 20042.136.526.948
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83004C0957/00B002 | Wallonia | 1,025 m² | 1 · 131 m² | - |
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.
Similar companies · same sector, comparable size
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EFPE
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BB26
BE 0763.350.903
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DeVeKo
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Of 4,420 companies in sector 46180 we hold annual accounts for 1,886. 674 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-04-2004
Fiscal year end31-12
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47742Retail sale of prescription glasses, lenses and sunglasses
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.