ESPACE REALISATION
ActiveSummary
ESPACE REALISATION has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €134,696 and a net result of €29,896. Equity is growing by about 49% per year across the filed financial years. Its solvency ranks better than 48% of 34,789 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Overview
- Equity
- €134,696
- Profit
- €29,896
- Anis ENNYADirector
- Marwan ENNYADirector
Why 69raises riskLast filed accounts filed 31 days late; 3 of the last 3 late1 change of registered office in 24 monthslowers riskLiquidity: current ratio 1.77, cash €84,030Founded in 2008Show the evidence
Checked score
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 43, micro): better than 48% on solvency, 54% on liquidity, 62% on profitability and 74% on growth.
The bankruptcy probability was computed on 28-10-2026 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
This company filed its last 7 accounts on average 50 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Admissions: Thibaut Boussemart (associé actif rémunéré)…Share transfer
Financials · financial year 2025, micro format
2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00489975.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 49% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 34,693 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 34,693 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €38,357 | €60,602 | €30,878 | €24,417 | -€4,236 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €924 | €2,159 | €4,025 | €3,543 | €8,484 | €8,789 | €7,753 | €5,304 | ▼ 31.6% |
| Other operating charges640/8 | - | - | - | €5,945 | €3,188 | €2,938 | €4,090 | €4,609 | ▲ 12.7% |
| Gross operating margin9900 | €8,226 | €15,624 | €19,294 | €63,867 | €101,783 | €18,297 | €129,562 | €52,924 | ▼ 59.2% |
| Operating profit (loss)9901 | -€3,061 | €6,116 | €10,698 | €16,022 | €29,509 | -€24,307 | €93,302 | €47,247 | ▼ 49.4% |
| Financial income75/76B | - | - | - | €5,462 | - | €119 | €1,290 | €3,960 | ▲ 207% |
| Recurring financial income75 | - | - | €1,870 | €5,462 | - | €119 | €1,290 | €3,960 | ▲ 207% |
| Financial charges65/66B | - | - | - | €899 | €509 | €188 | €1,860 | €2,588 | ▲ 39.1% |
| Recurring financial charges65 | €1,312 | €10,891 | €2,376 | €899 | €509 | €188 | €1,860 | €2,588 | ▲ 39.1% |
| Profit (loss) for the period before taxes9903 | -€4,373 | -€4,775 | €10,192 | €20,586 | €29,001 | -€24,376 | €92,731 | €48,619 | ▼ 47.6% |
| Income taxes67/77 | €304 | €288 | €1,950 | €3,800 | €5,220 | €1,817 | €16,411 | €18,723 | ▲ 14.1% |
| Profit (loss) for the period9904 | -€4,677 | -€5,063 | €8,242 | €16,786 | €23,780 | -€26,193 | €76,320 | €29,896 | ▼ 60.8% |
| Profit (loss) for the period to be appropriated9905 | -€4,677 | -€5,063 | €8,242 | €16,786 | €23,780 | -€26,193 | €76,320 | €29,896 | ▼ 60.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €97,981 | €83,658 | €92,561 | €64,423 | €155,336 | €122,542 | €224,538 | €300,056 | ▲ 33.6% |
| Fixed assets21/28 | €9,329 | €12,717 | €18,361 | €27,045 | €26,410 | €17,621 | €11,257 | €7,498 | ▼ 33.4% |
| Intangible fixed assets21 | - | - | - | €1,233 | €863 | €493 | €123 | - | - |
| Tangible fixed assets22/27 | €7,579 | €10,967 | €15,311 | €24,762 | €24,497 | €16,078 | €9,884 | €6,248 | ▼ 36.8% |
| Land and buildings22 | - | - | - | €6,655 | €6,655 | €6,655 | €6,655 | - | - |
| Plant, machinery and equipment23 | - | - | - | €3,596 | €8,504 | €5,370 | €3,076 | €624 | ▼ 79.7% |
| Furniture and vehicles24 | - | - | - | €14,511 | €9,338 | €4,053 | €153 | €5,624 | ▲ 37× |
| Financial fixed assets28 | €1,750 | €1,750 | €3,050 | €1,050 | €1,050 | €1,050 | €1,250 | €1,250 | = |
| Current assets29/58 | €88,652 | €70,941 | €74,200 | €37,377 | €128,926 | €104,921 | €213,281 | €292,558 | ▲ 37.2% |
| Stocks and contracts in progress3 | €9,145 | €11,653 | €10,934 | €8,483 | €5,717 | €5,942 | €5,916 | €4,337 | ▼ 26.7% |
| Stocks30/36 | - | - | - | €8,483 | €5,717 | €5,942 | €5,916 | €4,337 | ▼ 26.7% |
| Amounts receivable within one year40/41 | €69,572 | €52,852 | €55,693 | €26,019 | €58,924 | €78,471 | €182,419 | €192,216 | ▲ 5.4% |
| Trade receivables40 | - | - | - | €22,089 | €31,323 | €61,468 | €120,394 | €87,412 | ▼ 27.4% |
| Other amounts receivable41 | - | - | - | €3,930 | €27,601 | €17,002 | €62,025 | €104,804 | ▲ 69.0% |
| Cash at bank and in hand54/58 | €1,190 | €3,137 | €5,715 | €1,593 | €62,988 | €15,981 | €18,754 | €84,030 | ▲ 348% |
| Deferred charges and accrued income490/1 | - | - | - | €1,282 | €1,298 | €4,527 | €6,193 | €11,976 | ▲ 93.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €97,981 | €83,658 | €92,561 | €64,423 | €155,336 | €122,542 | €224,538 | €300,056 | ▲ 33.6% |
| Equity10/15 | €10,927 | €5,864 | €13,616 | €30,402 | €55,652 | €28,479 | €104,800 | €134,696 | ▲ 28.5% |
| Contributions10/11 | €22,960 | €22,960 | - | €22,470 | €23,940 | €22,960 | €22,960 | €22,960 | = |
| Reserves13 | €921 | €921 | €921 | €921 | €24,702 | €24,702 | €24,702 | €54,598 | ▲ 121% |
| Non-distributable reserves130/1 | - | - | - | €921 | €921 | €921 | €921 | €921 | = |
| Reserves not available under the articles1311 | - | - | - | €921 | €921 | €921 | €921 | €921 | = |
| Distributable reserves133 | - | - | - | - | €23,780 | €23,780 | €23,780 | €53,677 | ▲ 126% |
| Profit (loss) carried forward14 | -€12,954 | -€18,017 | -€9,775 | €7,011 | €7,011 | -€19,182 | €57,138 | €57,138 | = |
| Amounts payable17/49 | €87,054 | €77,794 | €78,945 | €34,021 | €99,684 | €94,063 | €119,739 | €165,360 | ▲ 38.1% |
| Amounts payable within one year42/48 | €87,054 | €77,794 | €78,945 | €34,021 | €99,684 | €94,033 | €119,739 | €165,249 | ▲ 38.0% |
| Financial debts43 | - | - | - | - | - | - | €9 | - | - |
| Credit institutions430/8 | - | - | - | - | - | - | €9 | - | - |
| Trade debts44 | €58,934 | €76,898 | €45,750 | - | €57,546 | €62,532 | €84,626 | €76,808 | ▼ 9.2% |
| Suppliers440/4 | - | - | - | - | €57,546 | €62,532 | €84,626 | €76,808 | ▼ 9.2% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | - | €41,384 | - |
| Taxes, remuneration and social security45 | - | - | - | €5,882 | €11,539 | €9,719 | €17,288 | €31,548 | ▲ 82.5% |
| Taxes450/3 | - | - | - | €3,477 | €2,427 | €4,161 | €13,020 | €31,548 | ▲ 142% |
| Remuneration and social security454/9 | - | - | - | €2,406 | €9,113 | €5,558 | €4,268 | - | - |
| Other amounts payable47/48 | - | - | - | €28,138 | €30,598 | €21,781 | €17,816 | €15,509 | ▼ 12.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €30 | - | €112 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,677 | -€5,063 | €8,242 | €16,786 | €23,780 | -€26,193 | €76,320 | €29,896 | ▼ 60.8% |
| + Depreciation and write-downs630 | €924 | €2,159 | €4,025 | €3,543 | €8,484 | €8,789 | €7,753 | €5,304 | ▼ 31.6% |
| Operating cash flow (approximation) | -€3,753 | -€2,905 | €12,267 | €20,329 | €32,264 | -€17,404 | €84,073 | €35,201 | ▼ 58.1% |
| Investment in fixed assets (approximation) | - | -€5,547 | -€9,669 | -€12,228 | -€7,849 | €0 | -€1,389 | -€1,545 | ▼ 11.2% |
| Change in cash | - | €1,947 | €2,578 | -€4,122 | €61,395 | -€47,007 | €2,772 | €65,276 | ▲ 24× |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00489975 |
| 31-12-2024 | micro format | 06-10-2025 | 2025-00531050 |
| 31-12-2023 | micro format | 05-10-2024 | 2024-00496717 |
| 31-12-2022 | micro format | 29-12-2023 | 2024-00544373 |
| 31-12-2021 | micro format | 10-08-2022 | 2022-20282426 |
| 31-12-2020 | micro format | 24-06-2021 | 2021-26100379 |
| 31-12-2019 | micro format | 30-09-2020 | 2020-57300209 |
| 31-12-2018 | micro format | 26-07-2019 | 2019-38600238 |
| 31-12-2017 | micro format | 06-07-2018 | 2018-30100288 |
| 31-12-2016 | micro format | 30-06-2017 | 2017-25200210 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Anis ENNYA |
|
| Marwan ENNYA |
|
| BESICUTA Petre |
|
| MINTAU Petru |
|
Owners and capital
Capital and shareholders
- Anis Ennya to Mintau 3 shares
- Anis Ennya to Besicuta 3 shares
- Anis Ennya to Oleksiichuk 3 shares
- Anis Ennya to Nazarii Balaniuk 3 shares
- Anis Ennya to Yurii Balaniuk 3 shares
- Anis Ennya to Thibaut Boussemart 3 shares
- Marwan Ennya to Mintau 3 shares
- Marwan Ennya to Besicuta 3 shares
- Marwan Ennya to Oleksiichuk 3 shares
- Marwan Ennya to Nazarii Balaniuk 3 shares
- Marwan Ennya to Yurii Balaniuk 3 shares
- Marwan Ennya to Thibaut Boussemart 3 shares
- M. Mintau associéactifavecrémunérationsanspartvariable
- M. Besicuta associéactifavecrémunérationsanspartvariable
- M. Petro Oleksiichuk associéactifrémunéré
- M. Nazarii Balaniuk associéactifrémunéré
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 22-12-2022 Converted to unavailable equity · €23,881
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
06-08
Gazette deed
Admissions: Thibaut Boussemart (associé actif rémunéré) and Yurii Balaniuk (associé actif rémunéré)Share transfer15 facts ▸
- General meeting, 15-05-2025
- Share transfer, Anis Ennya → Mintau
- Share transfer, Anis Ennya → Besicuta
- Share transfer, Anis Ennya → Oleksiichuk
- Share transfer, Anis Ennya → Nazarii Balaniuk
- Share transfer, Anis Ennya → Yurii Balaniuk
- Share transfer, Anis Ennya → Thibaut Boussemart
- Share transfer, Marwan Ennya → Mintau
- Share transfer, Marwan Ennya → Besicuta
- Share transfer, Marwan Ennya → Oleksiichuk
- Share transfer, Marwan Ennya → Nazarii Balaniuk
- Share transfer, Marwan Ennya → Yurii Balaniuk
- +3 further facts in this act
10-01
Gazette deed
Permanent representative: BERCHEM VincentRegistered-office move · Power of attorney4 facts ▸
- Board meeting, 19-12-2024
- Registered-office move, Chaussée de Wavre 504, Boîte 31 à 1390 Grez-Doiceau
- Power of attorney, B.F.S. sa
- Permanent representative, BERCHEM Vincent
09-06
Gazette deed
Resignations & appointmentsPartner6 facts ▸
- General meeting, 18-04-2023
- Other provision, “SRL” (deed in French)
- Partner, M. Mintau (associéactifavecrémunérationsanspartvariable)
- Partner, M. Besicuta (associéactifavecrémunérationsanspartvariable)
- Partner, M. Petro Oleksiichuk (associéactifrémunéré)
- Partner, M. Nazarii Balaniuk (associéactifrémunéré)
22-12
Gazette deed
Resignations: Marwan ENNYA, MINTAU Petru and BESICUTA PetreAppointments: Anis ENNYA (director) and Marwan ENNYA (director) · Amendment of the articles · Purpose change15 facts ▸
- General meeting, 19-12-2022
- Amendment of the articles (2 times)
- Purpose change
- Amendment of the articles, 3
- Legal-form conversion, “Société à responsabilité limitée (SRL)” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “inclut les éventuels versements futurs de la part non encore libérée du capital fixe inscrit sur un compte de capitaux propres 'apports non appelés', suppressio…” (deed in French)
- Capital
- Director resignation, Marwan ENNYA (director)
- Director resignation, MINTAU Petru (director)
- Director resignation, BESICUTA Petre (director)
- Board rule, 2
- +3 further facts in this act
Show earlier events
About the unread acts
Of the 10 Belgian Official Gazette deeds we know for this company, 4 have been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0807.424.436
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25037F0176/00S000 | Wallonia | 3,483 m² | 1 · 2,156 m² | 15.9 m · 5 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Réalisation de bâtiments en ossature bois; Travaux de charpente, de couverture métallique ou non métallique, d’étanchéité, d’isolation et d’…” (deed in French)
8 activities (deed in French)
- Réalisation de bâtiments en ossature bois
- Travaux de charpente, de couverture métallique ou non métallique, d’étanchéité, d’isolation et d’ étanchéité à l’air
- Prestations de conseil et accompagnement auprès des particuliers, des entreprises, des collectivités et autres organismes publics ou privés. Conseil en stratégie, organisation, management, gestion, systèmes d’information, ressources humaines, marketing et communication, de la conception à la mise en œuvre. Coaching personnalisé. Services de formation. Ainsi que toute opération ou prestation se rattachant directement ou indirectement à l’objet social.
- La consultance et le conseil, de la conception à la mise en œuvre, au bénéfice de personnes de droit public comme de personnes de droit privé, en matière de gestion financière, ressources humaines, audit et administration générale ;
- Achat et vente d'objets et mobilier de décoration anciens et modernes - rénovation - et toutes activités se rapportant à l'objet social
- Conseil en architecture d''intérieur, en agencement et design d''espace, en décoration intérieur ; Design de mobilier et d''agencements sur mesure ; Suivi de la mise en place des préconisations esthétiques ; Achat-revente de mobilier et d''accessoires de décoration ; Formation et rédaction de contenu éditorial dans le domaine de la décoration.
- Le brevetage et le dépôt d’inventions artistiques, de procédés, de méthodes et de façons d’ opérer ; l’acquisition et la négociation de brevets, marques et licences ; la société pourra se manifester en tant qu’éditeur de ses compositions et productions et en cette capacité se faire attribuer des droits d’auteur, de producteur ou d’exécuteur ou faire valoir des royalties.
- La gestion d’un patrimoine immobilier ainsi que toutes les opérations se rapportant directement ou indirectement à cet objet et qui sont de nature à favoriser le rapport des biens immeubles, tels que l’entretien, le développement, l’embellissement et la location des biens ; la société pourra également se porter caution des engagements contractés par des tiers qui auraient la jouissance des biens immeubles concernés. Elle peut faire toutes opérations commerciales, industrielles ou financières, mobilières ou immobilière se rattachant directement ou indirectement à l’objet ci-dessus ou susceptibles d’en faciliter la réalisation.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, par simple décision de l'organe d'administration” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Cette rémunération sera portée aux frais généraux, indépendamment des frais éventuels de représentation, voyages et déplacements…” (deed in French)1 more provision on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Les titulaires d'actions peuvent prendre connaissance de ce registre relatif à leurs titres, Les cessions n'ont d'effet vis-à-vis de la…” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Les actions peuvent être cédées entre vifs ou transmises pour cause de mort, sans agrément” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Libérées à leur émission, En cas d'actionnaire unique-administrateur, ce dernier détermine librement, au fur et à mesure des besoins de la…” (deed in French)“Courrier électronique, ou, pour les personnes dont elle ne dispose pas d'une adresse électronique, par courrier ordinaire, à envoyer le même…” (deed in French)
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- One provision in the deed
Meetings and financial year
- Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
- “Tout actionnaire peut donner à toute autre personne, actionnaire ou non, par tout moyen de transmission, une procuration écrite pour la…” (deed in French)
Oversight and winding up
- Auditor ruleHow a statutory auditor is appointed and what they check, if the company has one.
- “Trois ans, un ou plusieurs commissaires” (deed in French)
- Dissolution ruleWhen and by whom the company can be dissolved.
- “La société peut être dissoute en tout temps, par décision de l'assemblée générale délibérant dans les formes prévues pour les modifications…” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed