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Espace P...

Active
Non-profit associationfounded 1988active for 37 yearsAarschotstraat 208, 1030 Schaarbeek, BelgiumKBO/BCE: BE 0438.335.872
Summary

Espace P... has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €120,236 and a net result of €1,030. Equity is growing by about 47% per year across the filed financial years. Its solvency ranks better than 16% of 733 sector peers (NACE 94, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow ReportCompare
Espace P...ActiveChecked score 92/100
Risk analysis ReportCompare

Overview

Activity
Activities of membership organisations
NACE 94993
6 sites
Size
€714,633total assets 2025
Staff
20.3 FTE
Equity
€120,236
Surplus
€1,030
Financial health
92 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Board
6 members
Accounts 9 days early3 of 24 deeds read
Why 92raises riskEquity €120,236 (16.8% of total assets)lowers riskLegal form: non-profit associationSector: Activities of membership organisations (NACE 94)Liquidity: current ratio 1.23, cash €520,489Show the evidence

Checked score

Score 2025
92 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 38% of its sector peers (NACE 94, small)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency 42-2
equity 16.8% of total assets
Liquidity 57=
short-term debt 79.3% · cash 72.8%
Profitability 66-14
return on assets 0.1%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median < 0.1% (510 companies, NACE 94, small)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025highest value 08-2025: < 0.1%● unchanged vs 07-2025lowest value 09-2025: < 0.1%● unchanged vs 08-2025lowest value 10-2025: < 0.1%● unchanged vs 09-2025lowest value 11-2025: < 0.1%● unchanged vs 10-2025lowest value 12-2025: < 0.1%● unchanged vs 11-2025lowest value 01-2026: < 0.1%● unchanged vs 12-2025lowest value 02-2026: < 0.1%● unchanged vs 01-2026lowest value 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €11,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.23, compared with 1.26 in 2024; short-term debt: 79.3% and cash: 72.8% of total assets), and 83.2% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 94, small): better than 18% on solvency, 25% on liquidity, 48% on profitability and 62% on growth.

The bankruptcy probability was computed on 12-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Legal form: non-profit association
KBO
lowers risk · Sector: Activities of membership organisations (NACE 94)
KBO
lowers risk · Liquidity: current ratio 1.23, cash €520,489
NBB · annual accounts
raises risk · Equity €120,236 (16.8% of total assets)
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 733 sector peers (2025).
NBB · sector comparison
Position among 733 sector peers
Solvency
better than 16%
← weakest strongest →
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
9 days early
2024
30 days early
2023
9 days early
2022
26 days early
2021
24 days early
2020
23 days early
2019
21 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 14 days before the deadline; the sector median (NACE 94) for financial year 2024 is 29 days before the deadline, and 25% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 7 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
12-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Reappointments: Antony Artigas (director) and Jacqueline…Power of attorney
  2. Reappointments: Dominique BIETHERES (director) and Nathalie…Power of attorney
  3. Annual accounts filedfinancial year 2025 · full…

Key points

  • Caution: Result fell in 2025from €54,920 to €1,030 ▼ 98.1% View
  • Caution: Among the weakest 16% on equitysector median €618,254 · 733 companies €120,236 View
  • Positive: Filed on time since financial year 2020accounts within the deadline every year 6 years View
  • Positive: 5 profitable years in a rowprofit 2025: €1,030 5 years View

By topic

Financials

Financial year
2025
Total assets
€714,633
Profit
€1,030
Solvency
16.8%
Total assets▲ 17.8%
Net result
20182025
Go to Financials

Board & ownership

Board
6 members
  • Alexandre WanetDirector
  • Antony ArtigasDirector
  • Dominique BIETHERESDirector
  • Jacqueline CollinDirector
  • Nathalie DEGROOTEDirector

and 1 other director

Go to Board & ownership

Timeline

Events
26
Since
2007
Next accounts
by 31-07-2027
  1. 28-08-2025Resignation: NICOLAS Emmanuel (director)
  2. 01-07-2025Annual accounts filed
  3. 31-12-2024Highest result from 2018 to 2025
Go to Timeline

Company details

Sites
6
Legal form
Non-profit association
Activity
Activities of membership organisationsNACE 94993
Founded
03-11-1988
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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