ESPACE TECHNOLOGY
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 02-06-2026 PDF all 29 filings
Turnover
€44,235▼ 54.3%
2024 · €96,829
EBIT margin
-28.4%▼ 52.4pp
2024 · 24.0%
Net result
-€12,986
2024 · €22,863
Working capital
€83,958▼ 15.2%
2024 · €99,002
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€44,235
▼ 54.3%
2025
20182025
Operating result
-€12,573
2025
20182025
Net result
-€12,986
2025
lowest quarter of the sector
20182025
EBIT margin
-28.4%
▼ 52.4pp
2025
20182025
Equity
€86,618
▼ 13.0%
2025
middle half of the sector
20182025
Total assets
€98,506
▼ 13.1%
2025
middle half of the sector
20182025
Debt
€11,888
▼ 13.2%
2025
20182025
Working capital
€83,958
▼ 15.2%
2025
middle half of the sector
20182025
Solvency
87.9%
=
2025
highest quarter of the sector
20182025
Current ratio
8.06
▼ 0.16
2025
highest quarter of the sector
20182025
Return on assets (ROA)
-13.2%
▼ 33.4pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€35,887-€46,212▲ 28.8%€84,213▲ 82.2%€98,308▲ 16.7%€99,218▲ 0.9%€61,861▼ 37.7%€96,829▲ 56.5%€44,235▼ 54.3%
Operating result€1,531-€7,927▲ 418%€241▼ 97.0%€1,733▲ 619%€22,877▲ 13×-€14,340€23,231-€12,573
Net result€1,005-€5,962▲ 493%€406within the sector's middle half▼ 93.2%€1,527within the sector's middle half▲ 276%€22,764within the sector's middle half▲ 15×-€19,266below the sector's middle half€22,863within the sector's middle half-€12,986below the sector's middle half
EBIT margin4.3%-17.2%▲ 12.9pp0.3%▼ 16.9pp1.8%▲ 1.5pp23.1%▲ 21.3pp-23.2%▼ 46.2pp24.0%▲ 47.2pp-28.4%▼ 52.4pp
Equity€65,348-€71,310▲ 9.1%€71,716within the sector's middle half▲ 0.6%€73,243within the sector's middle half▲ 2.1%€96,007within the sector's middle half▲ 31.1%€76,741within the sector's middle half▼ 20.1%€99,604within the sector's middle half▲ 29.8%€86,618within the sector's middle half▼ 13.0%
Total assets€85,088-€93,402▲ 9.8%€101,752below the sector's middle half▲ 8.9%€82,393below the sector's middle half▼ 19.0%€102,384below the sector's middle half▲ 24.3%€83,333within the sector's middle half▼ 18.6%€113,305within the sector's middle half▲ 36.0%€98,506within the sector's middle half▼ 13.1%
Debt€19,740-€22,092▲ 11.9%€30,036▲ 36.0%€9,150▼ 69.5%€6,377▼ 30.3%€6,592▲ 3.4%€13,701▲ 108%€11,888▼ 13.2%
Working capital€65,348-€71,310▲ 9.1%€71,716within the sector's middle half▲ 0.6%€73,243within the sector's middle half▲ 2.1%€94,801within the sector's middle half▲ 29.4%€75,837within the sector's middle half▼ 20.0%€99,002within the sector's middle half▲ 30.5%€83,958within the sector's middle half▼ 15.2%
Solvency76.8%-76.3%▼ 0.5pp70.5%above the sector's middle half▼ 5.9pp88.9%above the sector's middle half▲ 18.4pp93.8%above the sector's middle half▲ 4.9pp92.1%above the sector's middle half▼ 1.7pp87.9%above the sector's middle half▼ 4.2pp87.9%above the sector's middle half=
Current ratio4.31-4.23▼ 0.083.39above the sector's middle half▼ 0.849.00above the sector's middle half▲ 5.6215.87above the sector's middle half▲ 6.8612.50above the sector's middle half▼ 3.368.23above the sector's middle half▼ 4.288.06above the sector's middle half▼ 0.16
Return on assets (ROA)1.2%-6.4%▲ 5.2pp0.4%within the sector's middle half▼ 6.0pp1.9%within the sector's middle half▲ 1.5pp22.2%above the sector's middle half▲ 20.4pp-23.1%below the sector's middle half▼ 45.4pp20.2%within the sector's middle half▲ 43.3pp-13.2%below the sector's middle half▼ 33.4pp
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). 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 2025 is a loss of €12,573, after a profit of €23,231 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €98,506
Fixed assets
€2,660 ▲ 342%
Current assets
€95,846 ▼ 15.0%
Equity and liabilities €98,506
Equity
€86,618 ▼ 13.0%
Debt
€11,888 ▼ 13.2%
Debt's share of the balance-sheet total stays at 12.1%.
Key figures and ratios
EBITDA
-€11,081▼
2024 · €23,533
Cash flow
-€11,494▼
2024 · €23,165
Debt to equity
0.14▼
2024 · 0.14
ROE
-15.0%▼
2024 · 23.0%
Interest coverage
-26.83▼
2024 · 63.95
Debt ≤ 1 year
€11,888▼
2024 · €13,701
Customer credit
80 days▼
2024 · 88 days
Supplier credit
5 days▼
2024 · 45 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €1,206 | - | - | €3,550 |
| Depreciation and write-downs of the year | - | - | €302 | €302 | €1,492 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €35,887 | €46,212 | €84,213 | €98,308 | €99,218 | €61,861 | €96,829 | €44,235 | ▼ 54.3% |
| Goods, raw materials, services and sundry goods60/61 | - | €37,624 | - | €95,835 | €75,373 | €75,147 | €72,552 | €55,029 | ▼ 24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | - | €302 | €302 | €1,492 | ▲ 394% |
| Other operating charges640/8 | - | €661 | - | €740 | €968 | €752 | €744 | €287 | ▼ 61.4% |
| Gross operating margin9900 | €2,180 | €8,588 | €825 | €2,473 | €23,845 | -€13,286 | €24,277 | -€10,794 | - |
| Operating profit (loss)9901 | €1,531 | €7,927 | €241 | €1,733 | €22,877 | -€14,340 | €23,231 | -€12,573 | - |
| Financial charges65/66B | - | €586 | - | €206 | €113 | €66 | €368 | €413 | ▲ 12.2% |
| Recurring financial charges65 | €526 | €586 | €1,214 | €206 | €113 | €66 | €368 | €413 | ▲ 12.2% |
| Profit (loss) for the period before taxes9903 | €1,005 | €7,341 | -€973 | €1,527 | €22,764 | -€14,406 | €22,863 | -€12,986 | - |
| Income taxes67/77 | - | €1,379 | -€1,379 | - | - | €4,860 | - | - | - |
| Profit (loss) for the period9904 | €1,005 | €5,962 | €406 | €1,527 | €22,764 | -€19,266 | €22,863 | -€12,986 | - |
| Profit (loss) for the period to be appropriated9905 | €1,005 | €5,962 | €406 | €1,527 | €22,764 | -€19,266 | €22,863 | -€12,986 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €85,088 | €93,402 | €101,752 | €82,393 | €102,384 | €83,333 | €113,305 | €98,506 | ▼ 13.1% |
| Fixed assets21/28 | - | - | - | - | €1,206 | €904 | €602 | €2,660 | ▲ 342% |
| Tangible fixed assets22/27 | - | - | - | €0 | €1,206 | €904 | €602 | €2,660 | ▲ 342% |
| Furniture and vehicles24 | - | - | - | - | €1,206 | €904 | €602 | €2,660 | ▲ 342% |
| Current assets29/58 | €85,088 | €93,402 | €101,752 | €82,393 | €101,178 | €82,429 | €112,703 | €95,846 | ▼ 15.0% |
| Stocks and contracts in progress3 | - | €10,458 | €10,458 | - | - | - | - | - | - |
| Stocks30/36 | - | €10,458 | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €85,088 | €82,944 | €87,875 | €80,142 | €94,180 | €80,838 | €100,740 | €95,846 | ▼ 4.9% |
| Trade receivables40 | - | €5,887 | - | €5,179 | €22,551 | €6,608 | €23,448 | €9,711 | ▼ 58.6% |
| Other amounts receivable41 | - | €77,057 | - | €74,963 | €71,629 | €74,230 | €77,292 | €86,135 | ▲ 11.4% |
| Cash at bank and in hand54/58 | - | - | €3,419 | €2,251 | €6,998 | €1,591 | €11,963 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €85,088 | €93,402 | €101,752 | €82,393 | €102,384 | €83,333 | €113,305 | €98,506 | ▼ 13.1% |
| Equity10/15 | €65,348 | €71,310 | €71,716 | €73,243 | €96,007 | €76,741 | €99,604 | €86,618 | ▼ 13.0% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | - | €18,592 | - | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Issued capital100 | - | €18,592 | - | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | - | €1,859 | - | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | €44,897 | €50,859 | €51,265 | €52,792 | €75,556 | €56,290 | €79,153 | €66,167 | ▼ 16.4% |
| Amounts payable17/49 | €19,740 | €22,092 | €30,036 | €9,150 | €6,377 | €6,592 | €13,701 | €11,888 | ▼ 13.2% |
| Amounts payable within one year42/48 | €19,740 | €22,092 | €30,036 | €9,150 | €6,377 | €6,592 | €13,701 | €11,888 | ▼ 13.2% |
| Financial debts43 | - | - | - | - | - | - | - | €8,023 | - |
| Credit institutions430/8 | - | - | - | - | - | - | - | €8,023 | - |
| Trade debts44 | €9,834 | €18,420 | €24,777 | €8,678 | €625 | €4,749 | €8,984 | €773 | ▼ 91.4% |
| Suppliers440/4 | - | €18,420 | - | €8,678 | €625 | €4,749 | €8,984 | €773 | ▼ 91.4% |
| Taxes, remuneration and social security45 | - | €1,779 | - | €472 | €5,752 | €1,843 | €4,717 | €3,092 | ▼ 34.4% |
| Taxes450/3 | - | €1,779 | - | €472 | €5,752 | €1,843 | €4,717 | €3,092 | ▼ 34.4% |
| Other amounts payable47/48 | - | €1,893 | - | - | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,005 | €5,962 | €406 | €1,527 | €22,764 | -€19,266 | €22,863 | -€12,986 | - |
| + Depreciation and write-downs630 | - | - | - | - | - | €302 | €302 | €1,492 | ▲ 394% |
| Operating cash flow (approximation) | €1,005 | €5,962 | €406 | €1,527 | €22,764 | -€18,964 | €23,165 | -€11,494 | - |
| Investment in fixed assets (approximation) | - | - | - | - | - | €0 | €0 | -€3,550 | - |
| Change in cash | - | - | - | -€1,168 | €4,747 | -€5,407 | €10,372 | - | - |
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, 5,831 companies had the same profile as ESPACE TECHNOLOGY has now. Two years later, 84.6% were still going and 1.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
84.6%
was still going
13.4%
stopped otherwise
1.7%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ESPACE TECHNOLOGY itself: 0.5% 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 5,831 companies, not a prediction for ESPACE TECHNOLOGY. 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 29 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 02-06-2026 | 2026-00132739 | |
| 31-12-2024 | micro format | 15-05-2025 | 2025-00094953 | |
| 31-12-2023 | micro format | 08-06-2024 | 2024-00121865 | |
| 31-12-2022 | full format | 13-06-2023 | 2023-00122207 | |
| 31-12-2021 | full format | 24-05-2022 | 2022-20033125 | |
| 31-12-2020 | full format | 12-06-2021 | 2021-19900502 | |
| 31-12-2019 | micro format | 03-06-2020 | 2020-14600038 | |
| 31-12-2018 | micro format | 10-06-2019 | 2019-17100315 | |
| 31-12-2017 | micro format | 06-06-2018 | 2018-16100256 | |
| 31-12-2016 | micro format | 08-06-2017 | 2017-15900465 |