ESPACE KITCHEN
ActiveESPACE KITCHEN has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €117k and a net result of €-72k. Equity is growing by ~5% per year across the filed fiscal years. Its solvency ranks better than 49% of 130 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
41
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-73
Solvency67▼-4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days only on tighter terms
Liquidity ample (current ratio 1.62 against 1.73 in 2024; short-term debt: 58.1% and cash: 2.6% of total assets), but 58.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 31
Relative position
BE, all sectors
reference
Sector 31
higher
← 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
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
41.9%
Return on assets
-25.6%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 16-02-2026, 73 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
73 d early
2024
72 d early
2023
57 d early
2022
47 d early
2021
75 d early
2020
63 d early
2019
72 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-72k
2024 · €15k
2018: €12k
2019: €525
2020: €8k
2021: €69k
2022: €22k
2023: €2k
2024: €15k
2018 → 2025
Working capital
€101k▼ 38.3%
2024 · €164k
2018: €83k
2019: €89k
2020: €102k
2021: €158k
2022: €170k
2023: €170k
2024: €164k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€174k-€189k▲ 8.3%€190k▲ 0.9%€189k▼ 0.9%€117k▼ 38.0%
Operating result€76k-€17k▼ 77.7%€-20k€5k€-87k
Net result€69k-€22k▼ 68.3%€2k▼ 92.5%€15k▲ 831%€-72k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €87k after €5k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €280k
Fixed assets
€16k▼ 35.6%
Current assets
€263k▼ 32.0%
Equity and liabilities €280k
Equity
€117k▼ 38.0%
Debt
€163k▼ 27.3%
The debt ratio rises from 54.2% to 58.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-76k▼
2024 · €15k
Cash flow
€-60k▼
2024 · €26k
Solvency
41.9%▼
2024 · 45.8%
Current ratio
1.62▼
2024 · 1.73
Quick ratio
0.32▼
2024 · 0.39
Debt / equity
1.39▲
2024 · 1.19
ROE
-61.2%▼
2024 · 8.1%
ROA
-25.6%▼
2024 · 3.7%
Interest coverage
-79.42▼
2024 · 19.24
Debt
€163k▼
2024 · €224k
Debt ≤ 1 year
€163k▼
2024 · €224k
Income taxes
€-342▼
2024 · €10k
Staff costs
€29k▼
2024 · €38k
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€412k€280k▼
Fixed assets21/28€25k€16k▼
Tangible fixed assets22/27€25k€16k▼
Plant, machinery and equipment23€11k€10k▼
Furniture and vehicles24€14k€6k▼
Current assets29/58€387k€263k▼
Stocks and contracts in progress3€299k€212k▼
Stocks30/36€299k€212k▼
Amounts receivable within one year40/41€46k€40k▼
Trade receivables40€28k€27k▼
Other amounts receivable41€18k€13k▼
Cash at bank and in hand54/58€37k€7k▼
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€412k€280k▼
Equity10/15€189k€117k▼
Contributions10/11€19k€19k=
Reserves13€170k€98k▼
Tax-exempt reserves132€190€190=
Distributable reserves133€170k€98k▼
Amounts payable17/49€224k€163k▼
Amounts payable within one year42/48€224k€163k▼
Current portion of amounts payable after more than one year42€3k€858▼
Trade debts44€86k€35k▼
Suppliers440/4€86k€35k▼
Advances received on contracts in progress46€104k€103k▼
Taxes, remuneration and social security45€13k€8k▼
Taxes450/3€5k€751▼
Remuneration and social security454/9€8k€7k▼
Other amounts payable47/48€17k€15k▼
Income statement
Code20242025
Non-recurring operating income76A€31-
Remuneration, social security and pensions62€38k€29k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€11k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-2k
Other operating charges640/8€1k€1k▲
Non-recurring operating charges66A€34€0▼
Gross operating margin9900€55k€-48k▼
Operating profit (loss)9901€5k€-87k▼
Financial income75/76B€21k€16k▼
Recurring financial income75€21k€16k▼
Financial charges65/66B€797€958▲
Recurring financial charges65€797€958▲
Profit (loss) for the period before taxes9903€25k€-72k▼
Income taxes67/77€10k€-342▼
Profit (loss) for the period9904€15k€-72k▼
Profit (loss) for the period to be appropriated9905€15k€-72k▼
Appropriation of the result
Profit (loss) to be appropriated9906€15k€-72k▼
Transfer from equity791/2€17k€72k▲
Transfer to equity691/2€15k-
To other reserves6921€15k-
Profit to be distributed694/7€17k-
Return on contributions (dividend)694€17k-
Social balance
Average headcount (FTE)90871.61.0▼
The notes to these accounts (6 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
16-02
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-09
Financial
Weakest financial yearnet €-72k ▼568%
Net result drops to €-72k, the lowest in the series.
17-02
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
04-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
14-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
14-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Highest result since 2018net €69k ▲745%
Operating result €76k, net result €69k, both a record.
30-09
Financial
Equity above €150kEq €174k ▲63.3%
4 profitable years in a row build equity to €174k.
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
18-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Equity above €100kEq €100k ▲0.5%
2 profitable years in a row build equity to €100k.
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
07-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
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, Sint-Lambrechts-Woluwe · 1 establishment unit since 2010
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.
Georges Henrilaan 2871200 Sint-Lambrechts-WoluweGround area
193 m²
Building footprint
114 m²
Volume, LiDAR
515 m³
Parcel 21673D0148/00P000, Brussels · tallest building 11.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Espace Kitchen
since 20102.185.288.848
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21673D0148/00P000 | Brussels | 193 m² | 1 · 114 m² | 11.6 m · 1 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.
Similar companies · same sector, comparable size
MEUBELEN JANSSENS
BE 0880.816.418
Tremelo · Eq €116k
TALMASSE ET FILS
BE 0442.740.464
Herve · Eq €116k
YVEBE KITCHEN
BE 1003.409.768
Waterloo · Eq €119k
MARTIBEL
BE 0476.208.137
Erquelinnes · Eq €120k
FREJA CONCEPTS
BE 0432.780.049
Merelbeke-Melle · Eq €114k
Of 619 companies in sector 31002 we hold annual accounts for 349. 285 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-02-2010
Fiscal year end30-09
Activities, NACEBEL
31002Manufacture of furniture
47551Retail sale of household furniture
47591Retail trade
47540Retail sale of electrical household appliances
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.