Espace LB
ActiveSummary
Espace LB has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €89,425 and a net result of -€234. Equity is shrinking by ~5.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability57▲+7
Solvency51▲+1
Growth38=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity short (current ratio 0.03 against 0.02 in 2024; short-term debt: 26.5% and cash: 0.1% of total assets), and 74.3% of the assets are financed with debt.
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Signals
Six 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
25.7%
Return on assets
-0.1%
Age of the figures
9 mo
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 -€234
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-09-2026, 42 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
42 d late
2024
18 d late
2023
44 d late
2022
35 d early
2021
32 d early
2020
40 d early
2019
16 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 3 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€24,939▲ 32.5%
2021 · €18,822
EBIT margin
39.0%▲ 25.0pp
2021 · 14.0%
Net result
-€234▲ 97.4%
2024 · -€8,839
Working capital
-€89,312▼ 8.6%
2024 · -€82,266
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
Line20212022202320242025
Turnover€18,822▼ 52.5%€24,939▲ 32.5%
Operating result€2,629€9,730▲ 270%-€11,798-€9,957▲ 15.6%-€6,043▲ 39.3%
Net result€93€6,737▲ 7,132%-€9,637-€8,839▲ 8.3%-€234▲ 97.4%
EBIT margin14.0%▲ 57.3pp39.0%▲ 25.0pp
Equity€104,315▲ 0.1%€111,052▲ 6.5%€100,443▼ 9.6%€90,631▼ 9.8%€89,425▼ 1.3%
Total assets€416,960▲ 23.8%€400,818▼ 3.9%€374,808▼ 6.5%€355,781▼ 5.1%€347,810▼ 2.2%
Debt€254,716▲ 45.9%€231,838▼ 9.0%€219,649▼ 5.3%€213,647▼ 2.7%€210,095▼ 1.7%
Working capital-€75,738▲ 53.4%-€73,339▲ 3.2%-€78,997▼ 7.7%-€82,266▼ 4.1%-€89,312▼ 8.6%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6,043 in 2025 against €9,957 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €346,833
Fixed assets
€343,806 ▼ 1.9%
Current assets
€3,027 ▲ 115%
Equity and liabilities €347,810
Equity
€89,425 ▼ 1.3%
Provisions
€48,290 ▼ 6.2%
Debt
€210,095 ▼ 1.7%
Debt's share of the balance-sheet total rises from 60.1% to 60.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€14,450▲
2024 · €10,426
Cash flow
€20,259▲
2024 · €11,544
Current ratio
0.03▲
2024 · 0.02
Debt to equity
2.35▼
2024 · 2.36
ROE
-0.3%▲
2024 · -9.8%
ROA
-0.1%▲
2024 · -2.5%
Interest coverage
4.62▲
2024 · 4.07
Debt ≤ 1 year
€92,339▲
2024 · €83,677
Debt > 1 year
€117,757▼
2024 · €129,270
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,448 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
5.0%
stopped otherwise
93%
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 497,662 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% | 1.7% |
| 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 75% 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 2,448 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €18,822 | €24,939 | - | - | - | - |
| Non-recurring operating income76A | €0 | €0 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €10,607 | €8,563 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,038 | €5,236 | €20,857 | €20,383 | €20,492 | ▲ 0.5% |
| Other operating charges640/8 | €1,415 | €1,410 | €1,607 | €2,024 | €2,088 | ▲ 3.2% |
| Non-recurring operating charges66A | €133 | €0 | €938 | - | - | - |
| Gross operating margin9900 | €8,215 | €16,376 | €11,604 | €12,450 | €16,537 | ▲ 32.8% |
| Operating profit (loss)9901 | €2,629 | €9,730 | -€11,798 | -€9,957 | -€6,043 | ▲ 39.3% |
| Financial income75/76B | €0 | €3 | €1,073 | €973 | €5,723 | ▲ 488% |
| Recurring financial income75 | €0 | €3 | €1,073 | €973 | €973 | = |
| Non-recurring financial income76B | €0 | €0 | - | - | €4,750 | - |
| Financial charges65/66B | €2,536 | €2,995 | €2,125 | €3,067 | €3,126 | ▲ 1.9% |
| Recurring financial charges65 | €2,536 | €2,995 | €2,125 | €2,559 | €3,126 | ▲ 22.2% |
| Non-recurring financial charges66B | €0 | €0 | - | €508 | - | - |
| Profit (loss) for the period before taxes9903 | €93 | €6,737 | -€12,850 | -€12,052 | -€3,446 | ▲ 71.4% |
| Transfer from deferred taxes780 | €0 | - | €3,213 | €3,213 | €3,213 | = |
| Profit (loss) for the period9904 | €93 | €6,737 | -€9,637 | -€8,839 | -€234 | ▲ 97.4% |
| Transfer from tax-exempt reserves789 | €0 | - | €6,240 | €6,240 | €6,240 | = |
| Profit (loss) for the period to be appropriated9905 | €93 | €6,737 | -€3,398 | -€2,600 | €6,006 | ▲ 331% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €416,960 | €400,818 | €374,808 | €355,781 | €347,810 | ▼ 2.2% |
| Formation expenses20 | €12,969 | €9,971 | €6,973 | €3,975 | €977 | ▼ 75.4% |
| Fixed assets21/28 | €387,877 | €385,639 | €367,780 | €350,395 | €343,806 | ▼ 1.9% |
| Tangible fixed assets22/27 | €386,745 | €384,507 | €366,648 | €349,263 | €342,674 | ▼ 1.9% |
| Land and buildings22 | €379,521 | €379,521 | €362,673 | €345,824 | €339,771 | ▼ 1.8% |
| Plant, machinery and equipment23 | €7,223 | €4,985 | €3,975 | €3,439 | €2,903 | ▼ 15.6% |
| Furniture and vehicles24 | €0 | €0 | - | - | - | - |
| Financial fixed assets28 | €1,132 | €1,132 | €1,132 | €1,132 | €1,132 | = |
| Current assets29/58 | €16,113 | €5,208 | €54 | €1,410 | €3,027 | ▲ 115% |
| Amounts receivable within one year40/41 | - | €1,300 | - | - | €2,595 | - |
| Trade receivables40 | €0 | €1,300 | - | - | €2,595 | - |
| Other amounts receivable41 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €11,513 | €908 | €54 | €1,269 | €432 | ▼ 66.0% |
| Deferred charges and accrued income490/1 | €4,600 | €3,000 | - | €141 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €416,960 | €400,818 | €374,808 | €355,781 | €347,810 | ▼ 2.2% |
| Equity10/15 | €104,315 | €111,052 | €100,443 | €90,631 | €89,425 | ▼ 1.3% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | - | €0 | - | - | - | - |
| Issued capital100 | €0 | €0 | - | - | - | - |
| Outside capital11 | €18,592 | €18,592 | - | - | - | - |
| Share premium1100/10 | €18,592 | €18,592 | - | - | - | - |
| Reserves13 | €112,499 | €112,499 | €106,260 | €100,020 | €93,781 | ▼ 6.2% |
| Tax-exempt reserves132 | €112,499 | €112,499 | €106,260 | €100,020 | €93,781 | ▼ 6.2% |
| Profit (loss) carried forward14 | -€38,446 | -€31,709 | -€35,106 | -€37,706 | -€31,700 | ▲ 15.9% |
| Investment grants15 | €11,670 | €11,670 | €10,698 | €9,725 | €8,753 | ▼ 10.0% |
| Provisions and deferred taxes16 | €57,928 | €57,928 | €54,715 | €51,503 | €48,290 | ▼ 6.2% |
| Deferred taxes168 | €57,928 | €57,928 | €54,715 | €51,503 | €48,290 | ▼ 6.2% |
| Amounts payable17/49 | €254,716 | €231,838 | €219,649 | €213,647 | €210,095 | ▼ 1.7% |
| Amounts payable after more than one year17 | €162,706 | €151,742 | €140,598 | €129,270 | €117,757 | ▼ 8.9% |
| Financial debts170/4 | €162,706 | €151,742 | €140,598 | €129,270 | €117,757 | ▼ 8.9% |
| Amounts payable within one year42/48 | €91,851 | €78,547 | €79,052 | €83,677 | €92,339 | ▲ 10.4% |
| Current portion of amounts payable after more than one year42 | €11,381 | €11,568 | €11,144 | €11,327 | €11,513 | ▲ 1.6% |
| Financial debts43 | - | €0 | - | - | - | - |
| Credit institutions430/8 | €0 | €0 | - | - | - | - |
| Trade debts44 | €6,377 | €2,739 | €854 | €3,068 | €400 | ▼ 87.0% |
| Suppliers440/4 | €6,377 | €2,739 | €854 | €3,068 | €400 | ▼ 87.0% |
| Taxes, remuneration and social security45 | - | €146 | €419 | - | €1,068 | - |
| Taxes450/3 | €0 | €146 | €419 | - | €1,068 | - |
| Other amounts payable47/48 | €74,094 | €64,094 | €66,634 | €69,281 | €79,358 | ▲ 14.5% |
| Accrued charges and deferred income492/3 | €158 | €1,548 | - | €700 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €93 | €6,737 | -€9,637 | -€8,839 | -€234 | ▲ 97.4% |
| + Depreciation and write-downs630 | €4,038 | €5,236 | €20,857 | €20,383 | €20,492 | ▲ 0.5% |
| Operating cash flow (approximation) | €4,131 | €11,973 | €11,220 | €11,544 | €20,259 | ▲ 75.5% |
| Investment in fixed assets (approximation) | - | -€2,998 | -€2,998 | -€2,998 | -€13,903 | ▼ 364% |
| Change in cash | - | -€10,605 | -€854 | €1,215 | -€837 | ▼ 169% |
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
11-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 42 days late
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
13-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 44 days late
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €6,737 ▲7,132%
Operating result €9,730, net result €6,737, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €93
Net result €93 after 3 loss-making years.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet -€23,881
Net result drops to -€23,881, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
12-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 73 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
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, Saint-Ghislain · 1 establishment unit since 1999
Ground area
1,223 m²
Building footprint
128 m²
Volume, LiDAR
1,001 m³
Parcel 53075D0110/00G000, Wallonia · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Zone art. de la Rivièrette(SG) 7 9, 7330 Saint-Ghislain
since 19992.091.256.058
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53075D0110/00G000 | Wallonia | 1,223 m² | 1 · 128 m² | 10.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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)
Founded24-12-1998
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.
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.