ESPACE PLAN
ActiveFinancials · financial year 2026, micro format
Annual accounts 2026 filed on 31-10-2026 at the NBB all 35 filings
Turnover
≈ €94,000
Estimated: probably between €76,000 and €150,000
Total assets
€238,862▲ 4.9%
2025 · €227,611
Net result
€25,914
2025 · -€896
Working capital
-€49,306▲ 36.5%
2025 · -€77,599
Multi-year overview
2019 to 2026, 8 financial yearsOperating result
€29,289
▲ 915%
2026
20192026
Net result
€25,914
2026
20192026
Equity
€44,245
▲ 141%
2026
20192026
Total assets
€238,862
▲ 4.9%
2026
20192026
Debt
€194,617
▼ 7.0%
2026
20192026
Working capital
-€49,306
▲ 36.5%
2026
20192026
Solvency
18.5%
▲ 10.5pp
2026
20192026
Current ratio
0.52
▲ 0.27
2026
20192026
Return on assets (ROA)
10.8%
▲ 11.2pp
2026
20192026
Staff (FTE)
1
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result-€89,170--€33,714▲ 62.2%-€127,404▼ 278%€42,009€12,559▼ 70.1%-€9,656€2,887€29,289▲ 915%
Net result-€106,458--€52,752▲ 50.4%-€138,888below the sector's middle half▼ 163%€39,221within the sector's middle half€7,066within the sector's middle half▼ 82.0%-€14,077below the sector's middle half-€896below the sector's middle half▲ 93.6%€25,914
Equity€178,025-€134,107▼ 24.7%-€8,944below the sector's middle half€26,239within the sector's middle half€33,305within the sector's middle half▲ 26.9%€19,228within the sector's middle half▼ 42.3%€18,332within the sector's middle half▼ 4.7%€44,245▲ 141%
Total assets€649,285-€629,320▼ 3.1%€391,668within the sector's middle half▼ 37.8%€341,973within the sector's middle half▼ 12.7%€306,346within the sector's middle half▼ 10.4%€233,872within the sector's middle half▼ 23.7%€227,611within the sector's middle half▼ 2.7%€238,862▲ 4.9%
Debt€471,260-€495,213▲ 5.1%€400,612▼ 19.1%€315,734▼ 21.2%€273,041▼ 13.5%€214,644▼ 21.4%€209,279▼ 2.5%€194,617▼ 7.0%
Working capital-€85,751--€104,431▼ 21.8%-€161,173below the sector's middle half▼ 54.3%-€107,101below the sector's middle half▲ 33.5%-€88,926below the sector's middle half▲ 17.0%-€81,821below the sector's middle half▲ 8.0%-€77,599below the sector's middle half▲ 5.2%-€49,306▲ 36.5%
Solvency27.4%-21.3%▼ 6.1pp-2.3%below the sector's middle half▼ 23.6pp7.7%below the sector's middle half▲ 10.0pp10.9%below the sector's middle half▲ 3.2pp8.2%below the sector's middle half▼ 2.7pp8.1%below the sector's middle half▼ 0.2pp18.5%▲ 10.5pp
Current ratio0.58-0.60▲ 0.020.31below the sector's middle half▼ 0.280.36below the sector's middle half▲ 0.040.37below the sector's middle half▲ 0.010.15below the sector's middle half▼ 0.230.25below the sector's middle half▲ 0.110.52▲ 0.27
Return on assets (ROA)-16.4%--8.4%▲ 8.0pp-35.5%below the sector's middle half▼ 27.1pp11.5%within the sector's middle half▲ 46.9pp2.3%within the sector's middle half▼ 9.2pp-6.0%below the sector's middle half▼ 8.3pp-0.4%below the sector's middle half▲ 5.6pp10.8%▲ 11.2pp
Staff (FTE)3.2-3.1▼ 3.1%2.2▼ 29.0%11=1
above
within
below
The sector band is the middle half of the companies in Office administrative, office support and other business support activities (NACE 82). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2026 is over 10 times that of 2025. It is the second rise in a row, after the fall in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €238,862
Fixed assets
€185,645 ▼ 7.9%
Current assets
€53,217 ▲ 105%
Equity and liabilities €238,862
Equity
€44,245 ▲ 141%
Debt
€194,617 ▼ 7.0%
Debt's share of the balance-sheet total falls from 91.9% to 81.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€45,242▲
2025 · €21,236
Cash flow
€41,866▲
2025 · €17,453
Debt to equity
4.40▼
2025 · 11.42
ROE
58.6%▲
2025 · -4.9%
Interest coverage
13.40▲
2025 · 5.61
Debt ≤ 1 year
€102,523▼
2025 · €103,603
Debt > 1 year
€92,094▼
2025 · €105,676
Staff costs
€743
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-03-2023 | 31-03-2024 | 31-03-2026 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 |
| full-time | 1 | 1 | - |
| part-time | - | - | 1 |
| in full-time equivalents | 1 | 1 | 0.8 |
| Average over the year, in full-time equivalents | 1 | 1 | 0.8 |
| On a permanent contract | 1 | 1 | 1 |
Source: social balance sheet in the 2023 to 2026 annual accounts
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €2,653 | - | - | - |
| Depreciation and write-downs of the year | €35,669 | €30,979 | €24,573 | €18,349 | €15,953 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €3,136 | €932 | €557 | - | €743 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €76,507 | €80,769 | €43,621 | €35,669 | €30,979 | €24,573 | €18,349 | €15,953 | ▼ 13.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €2,140 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €4,524 | €2,315 | €2,798 | €1,827 | €2,815 | ▲ 54.1% |
| Non-recurring operating charges66A | - | - | - | €4,886 | - | - | - | €10 | - |
| Gross operating margin9900 | €124,933 | €138,793 | €127,620 | €92,364 | €46,785 | €18,273 | €23,063 | €48,809 | ▲ 112% |
| Operating profit (loss)9901 | -€89,170 | -€33,714 | -€127,404 | €42,009 | €12,559 | -€9,656 | €2,887 | €29,289 | ▲ 915% |
| Financial income75/76B | - | - | - | €4,085 | €9 | €0 | - | - | - |
| Recurring financial income75 | €2,074 | €6,189 | €4,239 | €4,085 | €9 | €0 | - | - | - |
| Financial charges65/66B | - | - | - | €6,873 | €5,501 | €4,422 | €3,783 | €3,375 | ▼ 10.8% |
| Recurring financial charges65 | €19,148 | €24,769 | €15,945 | €6,873 | €5,501 | €4,422 | €3,783 | €3,375 | ▼ 10.8% |
| Profit (loss) for the period before taxes9903 | -€106,244 | -€52,295 | -€139,111 | €39,221 | €7,066 | -€14,077 | -€896 | €25,914 | - |
| Income taxes67/77 | €214 | €457 | -€223 | - | - | - | - | - | - |
| Profit (loss) for the period9904 | -€106,458 | -€52,752 | -€138,888 | €39,221 | €7,066 | -€14,077 | -€896 | €25,914 | - |
| Profit (loss) for the period to be appropriated9905 | -€106,458 | -€52,752 | -€138,888 | €39,221 | €7,066 | -€14,077 | -€896 | €25,914 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €649,285 | €629,320 | €391,668 | €341,973 | €306,346 | €233,872 | €227,611 | €238,862 | ▲ 4.9% |
| Fixed assets21/28 | €531,893 | €474,351 | €318,025 | €282,356 | €254,030 | €219,957 | €201,607 | €185,645 | ▼ 7.9% |
| Intangible fixed assets21 | €4,227 | €2,323 | €468 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €522,321 | €471,823 | €317,353 | €282,152 | €253,825 | €219,752 | €201,403 | €185,440 | ▼ 7.9% |
| Land and buildings22 | - | - | - | €252,605 | €234,986 | €218,198 | €201,393 | €185,440 | ▼ 7.9% |
| Plant, machinery and equipment23 | - | - | - | €360 | €1,898 | €894 | €10 | - | - |
| Furniture and vehicles24 | - | - | - | €13,965 | €6,578 | €661 | - | - | - |
| Leasing and similar rights25 | - | - | - | €657 | - | - | - | - | - |
| Other tangible fixed assets26 | - | - | - | €14,565 | €10,364 | - | - | - | - |
| Financial fixed assets28 | €5,345 | €205 | €205 | €205 | €205 | €205 | €205 | €205 | = |
| Current assets29/58 | €117,392 | €154,969 | €73,643 | €59,617 | €52,316 | €13,915 | €26,003 | €53,217 | ▲ 105% |
| Amounts receivable within one year40/41 | €75,591 | €93,420 | €32,263 | €13,272 | €10,958 | €2,705 | €2,994 | €11,346 | ▲ 279% |
| Trade receivables40 | - | - | - | €13,272 | €1,247 | €1,368 | €1,678 | €11,346 | ▲ 576% |
| Other amounts receivable41 | - | - | - | - | €9,711 | €1,336 | €1,316 | - | - |
| Cash at bank and in hand54/58 | €38,406 | €56,044 | €37,267 | €43,783 | €41,225 | €11,210 | €12,341 | €41,747 | ▲ 238% |
| Deferred charges and accrued income490/1 | - | - | - | €2,561 | €133 | €0 | €10,668 | €124 | ▼ 98.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €649,285 | €629,320 | €391,668 | €341,973 | €306,346 | €233,872 | €227,611 | €238,862 | ▲ 4.9% |
| Equity10/15 | €178,025 | €134,107 | -€8,944 | €26,239 | €33,305 | €19,228 | €18,332 | €44,245 | ▲ 141% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | €20,451 | €20,451 | €20,451 | = |
| Reserves13 | €12,234 | €12,234 | €12,234 | €12,234 | €12,234 | €10,375 | €10,375 | €10,375 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €10,375 | €10,375 | €10,375 | €10,375 | €10,375 | = |
| Profit (loss) carried forward14 | €133,700 | €80,948 | -€57,940 | -€18,718 | -€11,653 | -€25,730 | -€26,626 | -€712 | ▲ 97.3% |
| Investment grants15 | - | - | - | €14,131 | €14,131 | €14,131 | €14,131 | €14,131 | = |
| Amounts payable17/49 | €471,260 | €495,213 | €400,612 | €315,734 | €273,041 | €214,644 | €209,279 | €194,617 | ▼ 7.0% |
| Amounts payable after more than one year17 | €256,461 | €226,080 | €157,570 | €144,356 | €131,799 | €118,909 | €105,676 | €92,094 | ▼ 12.9% |
| Financial debts170/4 | - | - | - | €144,356 | €131,799 | €118,909 | €105,676 | €92,094 | ▼ 12.9% |
| Amounts payable within one year42/48 | €203,143 | €259,400 | €234,816 | €166,717 | €141,242 | €95,736 | €103,603 | €102,523 | ▼ 1.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €13,214 | €12,557 | €12,890 | €13,232 | €13,583 | ▲ 2.7% |
| Financial debts43 | - | - | - | - | - | €32 | €0 | - | - |
| Credit institutions430/8 | - | - | - | - | - | €32 | €0 | - | - |
| Trade debts44 | €63,445 | €104,374 | €87,496 | €9,840 | €1,814 | €362 | €756 | €1,306 | ▲ 72.7% |
| Suppliers440/4 | - | - | - | €9,840 | €1,814 | €362 | €756 | €1,306 | ▲ 72.7% |
| Taxes, remuneration and social security45 | - | - | - | €8,444 | €727 | €11 | €11 | €1,273 | ▲ 117× |
| Taxes450/3 | - | - | - | €5,837 | €727 | €11 | €11 | €1,273 | ▲ 117× |
| Remuneration and social security454/9 | - | - | - | €2,607 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €135,220 | €126,144 | €82,440 | €89,603 | €86,361 | ▼ 3.6% |
| Accrued charges and deferred income492/3 | - | - | - | €4,660 | - | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€106,458 | -€52,752 | -€138,888 | €39,221 | €7,066 | -€14,077 | -€896 | €25,914 | - |
| + Depreciation and write-downs630 | €76,507 | €80,769 | €43,621 | €35,669 | €30,979 | €24,573 | €18,349 | €15,953 | ▼ 13.1% |
| Operating cash flow (approximation) | -€29,951 | €28,017 | -€95,267 | €74,891 | €38,045 | €10,496 | €17,453 | €41,866 | ▲ 140% |
| Investment in fixed assets (approximation) | - | -€23,227 | €112,704 | €0 | -€2,653 | €9,500 | €0 | €10 | - |
| Change in cash | - | €17,638 | -€18,776 | €6,516 | -€2,559 | -€30,014 | €1,131 | €29,405 | ▲ 26× |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,818 companies had the same profile as ESPACE PLAN has now. Two years later, 95.1% were still going and 1.0% had gone bankrupt.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
95.1%
was still going
3.7%
stopped otherwise
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ESPACE PLAN itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,818 companies, not a prediction for ESPACE PLAN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 35 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 31-10-2026 | 2026-00597768 | |
| 31-03-2025 | micro format | 20-11-2025 | 2025-00568351 | |
| 31-03-2024 | micro format | 28-10-2024 | 2024-00528846 | |
| 31-03-2023 | micro format | 25-10-2023 | 2023-00493168 | |
| 31-03-2022 | micro format | 31-10-2022 | 2022-20486314 | |
| 31-03-2021 | micro format | 18-10-2021 | 2021-72000452 | |
| 31-03-2020 | micro format | 30-12-2020 | 2020-77200460 | |
| 31-03-2019 | micro format | 25-10-2019 | 2019-71200383 | |
| 31-03-2018 | micro format | 12-11-2018 | 2018-71900294 | |
| 31-03-2017 | micro format | 12-11-2017 | 2017-69400438 |