ESPACE PLACARDS &DRESSING
ActiveESPACE PLACARDS &DRESSING has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €279k and a net result of €-4k. Equity is growing by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 43% of 3549 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability68▲+68
Solvency61▲+8
Growth52=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity tight (current ratio 1.3 against 1.19 in 2023; short-term debt: 31.7% and cash: 14.3% of total assets), and 64.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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 43
Relative position
BE, all sectors
reference
Sector 43
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 2024Solvency, return and age of the figures
Solvency
35.5%
Return on assets
-0.5%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-4k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-08-2025, 22 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
not confirmed
2024
22 d late
2023
21 d late
2022
32 d late
2021
30 d late
2020
38 d late
2019
61 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-4k▲ 98.7%
2023 · €-272k
2018: €7k
2019: €16k
2020: €134k
2021: €89k
2022: €129k
2023: €-272k
2018 → 2024
Working capital
€73k▲ 9.5%
2023 · €67k
2018: €-82k
2019: €-43k
2020: €171k
2021: €275k
2022: €335k
2023: €67k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€369k-€448k▲ 21.4%€561k▲ 25.2%€283k▼ 49.5%€279k▼ 1.6%
Operating result€192k-€142k▼ 26.1%€217k▲ 52.9%€-260k€1k
Net result€134k-€89k▼ 33.5%€129k▲ 44.4%€-272k€-4k▲ 98.7%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €1k after a loss of €260k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €785k
Fixed assets
€463k▼ 21.0%
Current assets
€322k▼ 23.0%
Equity and liabilities €785k
Equity
€279k▼ 1.6%
Provisions
€370▼ 34.9%
Debt
€506k▼ 29.8%
The debt ratio falls from 71.8% to 64.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€130k▲
2023 · €-107k
Cash flow
€126k▲
2023 · €-119k
Solvency
35.5%▲
2023 · 28.2%
Current ratio
1.30▲
2023 · 1.19
Quick ratio
0.50▼
2023 · 0.72
Debt / equity
1.82▼
2023 · 2.55
ROE
-1.3%▲
2023 · -95.9%
ROA
-0.5%▲
2023 · -27.0%
Interest coverage
13.27▲
2023 · -8.80
Debt
€506k▼
2023 · €721k
Debt ≤ 1 year
€249k▼
2023 · €351k
Debt > 1 year
€257k▼
2023 · €370k
Income taxes
€656▼
2023 · €1k
Staff costs
€434k▲
2023 · €421k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.00M€785k▼
Fixed assets21/28€586k€463k▼
Tangible fixed assets22/27€585k€462k▼
Land and buildings22€447k€371k▼
Plant, machinery and equipment23€41k€53k▲
Furniture and vehicles24€41k€25k▼
Leasing and similar rights25€56k€13k▼
Financial fixed assets28€2k€2k=
Current assets29/58€418k€322k▼
Stocks and contracts in progress3€165k€197k▲
Stocks30/36€165k€197k▲
Amounts receivable within one year40/41€40k€5k▼
Trade receivables40€17k-
Other amounts receivable41€24k€5k▼
Cash at bank and in hand54/58€202k€112k▼
Deferred charges and accrued income490/1€11k€8k▼
Equity and liabilities
Total equity and liabilities10/49€1.00M€785k▼
Equity10/15€283k€279k▼
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Reserves13€369k€369k=
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k€10k=
Distributable reserves133€359k€359k=
Profit (loss) carried forward14€-188k€-192k▼
Investment grants15€2k€1k▼
Provisions and deferred taxes16€567€370▼
Deferred taxes168€567€370▼
Amounts payable17/49€721k€506k▼
Amounts payable after more than one year17€370k€257k▼
Financial debts170/4€370k€257k▼
Amounts payable within one year42/48€351k€249k▼
Current portion of amounts payable after more than one year42€117k€112k▼
Trade debts44€62k€88k▲
Suppliers440/4€62k€88k▲
Advances received on contracts in progress46€63k€5k▼
Taxes, remuneration and social security45€109k€44k▼
Taxes450/3€71k€12k▼
Remuneration and social security454/9€37k€32k▼
Other amounts payable47/48€869-
Accrued charges and deferred income492/3€152-
Income statement
Code20232024
Remuneration, social security and pensions62€421k€434k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€153k€129k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€8k-
Other operating charges640/8€13k€12k▼
Gross operating margin9900€335k€576k▲
Operating profit (loss)9901€-260k€1k▲
Financial income75/76B€1k€6k▲
Recurring financial income75€1k€1k▲
Non-recurring financial income76B-€4k
Financial charges65/66B€12k€10k▼
Recurring financial charges65€12k€10k▼
Profit (loss) for the period before taxes9903€-271k€-3k▲
Transfer from deferred taxes780€216€198▼
Income taxes67/77€1k€656▼
Profit (loss) for the period9904€-272k€-4k▲
Profit (loss) for the period to be appropriated9905€-272k€-4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-188k€-192k▼
Profit (loss) brought forward from the previous period14P€83k€-188k▼
Transfer from equity791/2€5k-
Profit to be distributed694/7€5k-
Return on contributions (dividend)694€5k-
Social balance
Average headcount (FTE)90877.07.4▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 22 days late
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 21 days late
2023
31-12
Financial
Weakest financial yearnet €-272k ▼311%
Net result drops to €-272k, the lowest in the series; recovery starts the following year.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 32 days late
2022
31-12
Financial
Equity above €500kEq €561k ▲25.2%
5 profitable years in a row build equity to €561k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
07-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 38 days late
2020
31-12
Financial
Highest result since 2018net €134k ▲730%
Net result €134k, the highest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 61 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
07-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
14-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 45 days late
2016
11-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Walcourt · 2 establishment units since 2006
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.
Rue Saint Pierre et Paul(Thy) 265651 WalcourtGround area
1,044 m²
Building footprint
194 m²
Parcel 93078D0043/00E000, Wallonia. Linked by address, not a title deed.
2 establishment units
Espace Placards & Dressing
since 20062.152.478.894
Allée de Linaires(Cha) 4, 5650 Walcourt
since 20062.306.542.412
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93078D0043/00E000 | Wallonia | 1,044 m² | 1 · 194 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
MEEUS HOUTCONSTRUCTIES
BE 0535.950.833
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WARD BOERJAN
BE 0716.798.425
Damme · Eq €279k
ROGGHE
BE 0412.430.439
Torhout · Eq €279k
ALGEMENE SCHRIJNWERKERIJ VERBESSELT
BE 0896.963.552
Beveren-Kruibeke-Zwijndrecht · Eq €279k
ZIMMEREI UND HOLZBAU / SCHREINEREI MICHEL MALMENDIER
BE 1003.771.737
Lontzen · Eq €279k
Of 20,026 companies in sector 43320 we hold annual accounts for 9,136. 6,991 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded16-03-2006
Fiscal year end31-12
Activities, NACEBEL
31001Manufacture of furniture
36122
43320Joinery installation
45421
Sources
Crossroads Bank for EnterprisesNational Bank · 19 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.
General meetings
1 convocationExtraordinary general meeting
Agenda
Report AG avec 3 semaines. Rapport du C.A.. Approbation comptes annuels. Affectation résultats. Décharge administrateurs. Nominations. Divers. (AOPC11103696/04.07) (28114) SIMAK, société anonyme en liquidation Siège social : place du Champ de Mars 5, Tour Bastion, 1050 BRUXELLES Numéro d’entreprise 0406.064.665 Assemblée générale extraordinaire du mercredi 20 juillet 2011, à 10 heures. Ordre du jour : 1. Confirmation de la nomination de la SA Cofimines en qualité de liquidateur de la SA Simak suivant l’assemblée générale extraordinaire qui s’est tenue en l’étude du notaire Van Laethem, le 30 mars 1999. 2. Confirmation de la nomination de M. Thierry de Caters, admini- strateur de Cofimines SA ...