Espace Pool
ActiveSummary
The computed 12-month bankruptcy probability of Espace Pool is 3.0% (moderate). The 2025 annual accounts show negative equity (-€21,603) and a net result of €15,167. Equity is shrinking by ~59.3% per year across the filed fiscal years. Its solvency ranks better than 6% of 28051 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability91▲+91
Solvency0=
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.75 against 0.34 in 2024; short-term debt: 124.9% and cash: 1.9% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-24.9%
Return on assets
17.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 28051 sector peers (2025).
NBB · sector comparisonPosition among 28051 sector peers
Solvency
better than 6%
← 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 27-07-2026, 4 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
4 d early
2024
35 d late
2023
30 d late
2022
28 d late
2021
37 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 25 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€21,603▲ 41.2%
2024 · -€36,770
Total assets
€86,877▲ 192%
2024 · €29,722
Net result
€15,167
2024 · -€34,187
Working capital
-€27,317▲ 38.2%
2024 · -€44,202
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
Operating result-€33,906-€21,245-€7,449-€32,130▼ 331%€18,348
Net result-€33,987-€20,409-€9,005-€34,187▼ 280%€15,167
Equity-€13,987-€6,422-€2,583-€36,770▼ 1,323%-€21,603▲ 41.2%
Total assets€52,780-€50,823▼ 3.7%€23,336▼ 54.1%€29,722▲ 27.4%€86,877▲ 192%
Debt€66,768-€44,402▼ 33.5%€25,919▼ 41.6%€66,492▲ 157%€108,480▲ 63.1%
Working capital-€14,932-€5,697-€3,089-€44,202▼ 1,331%-€27,317▲ 38.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €18,348 after a loss of €32,130 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €86,877
Fixed assets
€5,714 ▼ 23.1%
Current assets
€81,162 ▲ 264%
Key figures and ratios
EBITDA
€20,065▲
2024 · -€31,566
Cash flow
€16,885▲
2024 · -€33,623
Solvency
-24.9%▲
2024 · -123.7%
Current ratio
0.75▲
2024 · 0.34
Quick ratio
0.65▲
2024 · 0.25
Debt to equity
-5.02▼
2024 · -1.81
ROA
17.5%▲
2024 · -115.0%
Interest coverage
6.30▲
2024 · -15.29
Debt ≤ 1 year
€108,480▲
2024 · €66,492
Staff costs
€25
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,176 companies that looked in July 2024 the way this one looks now, 4.3% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
4.3%
went bankrupt
5.6%
stopped otherwise
89%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.0% 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 497,058 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% | 1.6% |
| 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 74% 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 2,176 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €25 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €153 | €220 | €220 | €563 | €1,718 | ▲ 205% |
| Other operating charges640/8 | €813 | €961 | €2,592 | €1,042 | €1,650 | ▲ 58.4% |
| Gross operating margin9900 | -€32,940 | €22,426 | -€4,638 | -€30,525 | €21,740 | ▲ 171% |
| Operating profit (loss)9901 | -€33,906 | €21,245 | -€7,449 | -€32,130 | €18,348 | ▲ 157% |
| Financial income75/76B | €1 | €0 | - | €7 | €5 | ▼ 34.6% |
| Recurring financial income75 | €1 | €0 | - | €7 | €5 | ▼ 34.6% |
| Financial charges65/66B | €82 | €836 | €1,556 | €2,065 | €3,185 | ▲ 54.3% |
| Recurring financial charges65 | €82 | €836 | €1,556 | €2,065 | €3,185 | ▲ 54.3% |
| Profit (loss) for the period before taxes9903 | -€33,987 | €20,409 | -€9,005 | -€34,187 | €15,167 | ▲ 144% |
| Profit (loss) for the period9904 | -€33,987 | €20,409 | -€9,005 | -€34,187 | €15,167 | ▲ 144% |
| Profit (loss) for the period to be appropriated9905 | -€33,987 | €20,409 | -€9,005 | -€34,187 | €15,167 | ▲ 144% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €52,780 | €50,823 | €23,336 | €29,722 | €86,877 | ▲ 192% |
| Fixed assets21/28 | €945 | €725 | €505 | €7,432 | €5,714 | ▼ 23.1% |
| Tangible fixed assets22/27 | €945 | €725 | €505 | €7,432 | €5,714 | ▼ 23.1% |
| Plant, machinery and equipment23 | €945 | €725 | €505 | €286 | €66 | ▼ 76.8% |
| Furniture and vehicles24 | - | - | - | €7,146 | €5,648 | ▼ 21.0% |
| Current assets29/58 | €51,836 | €50,098 | €22,830 | €22,290 | €81,162 | ▲ 264% |
| Stocks and contracts in progress3 | €9,847 | €23,659 | €10,390 | €5,768 | €10,684 | ▲ 85.2% |
| Stocks30/36 | €9,847 | €23,659 | €10,390 | €5,768 | €10,684 | ▲ 85.2% |
| Amounts receivable within one year40/41 | €36,073 | €26,439 | €12,441 | €16,410 | €68,687 | ▲ 319% |
| Trade receivables40 | €36,061 | €26,427 | €12,223 | €11,167 | €42,900 | ▲ 284% |
| Other amounts receivable41 | €12 | €12 | €218 | €5,243 | €25,787 | ▲ 392% |
| Cash at bank and in hand54/58 | €5,916 | - | - | - | €1,679 | - |
| Deferred charges and accrued income490/1 | - | - | - | €112 | €111 | ▼ 0.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €52,780 | €50,823 | €23,336 | €29,722 | €86,877 | ▲ 192% |
| Equity10/15 | -€13,987 | €6,422 | -€2,583 | -€36,770 | -€21,603 | ▲ 41.2% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€33,987 | -€13,578 | -€22,583 | -€56,770 | -€41,603 | ▲ 26.7% |
| Amounts payable17/49 | €66,768 | €44,402 | €25,919 | €66,492 | €108,480 | ▲ 63.1% |
| Amounts payable within one year42/48 | €66,768 | €44,402 | €25,919 | €66,492 | €108,480 | ▲ 63.1% |
| Financial debts43 | - | - | €786 | €22,474 | €9,758 | ▼ 56.6% |
| Credit institutions430/8 | - | - | €786 | €22,474 | €9,758 | ▼ 56.6% |
| Trade debts44 | €38,019 | €25,003 | €18,576 | €22,790 | €27,061 | ▲ 18.7% |
| Suppliers440/4 | €38,019 | €25,003 | €18,576 | €22,790 | €27,061 | ▲ 18.7% |
| Advances received on contracts in progress46 | €19,922 | €7,490 | - | €1,478 | €58,238 | ▲ 3,839% |
| Taxes, remuneration and social security45 | €3,827 | €6,909 | €6,557 | €19,407 | - | - |
| Taxes450/3 | €3,827 | €6,909 | €6,557 | €17,358 | - | - |
| Remuneration and social security454/9 | - | - | - | €2,049 | - | - |
| Other amounts payable47/48 | €5,000 | €5,000 | - | €343 | €13,423 | ▲ 3,814% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€33,987 | €20,409 | -€9,005 | -€34,187 | €15,167 | ▲ 144% |
| + Depreciation and write-downs630 | €153 | €220 | €220 | €563 | €1,718 | ▲ 205% |
| Operating cash flow (approximation) | -€33,834 | €20,628 | -€8,785 | -€33,623 | €16,885 | ▲ 150% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€7,490 | €0 | ▲ 100% |
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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €15,167
Net result €15,167 after 2 loss-making years.
04-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 35 days late
2024
31-12
Financial
Weakest financial yearnet -€34,187
Net result drops to -€34,187, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Back to profitnet €20,409
Net result €20,409 after one loss-making year.
06-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 37 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Braine-le-Comte · 1 establishment unit since 2021
Ground area
3,366 m²
Building footprint
272 m²
Volume, LiDAR
619 m³
2 parcels, Wallonia · tallest building 5.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Espace Pool
since 20212.325.050.606
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55302C0457/00L000 | Wallonia | 2,507 m² | 1 · 133 m² | - |
| 55044B0384/00N000 | Wallonia | 859 m² | 1 · 139 m² | 5.7 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,420. 3,222 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-02-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Contact
E-mail
contact@espacepool.be
Phone
+3267638851
E-invoicing
Reachable via Peppol
Peppol ID
0208:0763974968
Also
9925:BE0763974968
Registered
02-12-2024
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.