Espace24
ActiveSummary
Espace24 has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€29,541) and a net result of -€3,498. Equity is growing by ~20.9% per year across the filed fiscal years. Its solvency ranks better than 10% of 4345 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability27▲+3
Solvency0=
Growth35=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.35 against 0.38 in 2023; short-term debt: 135.6% and cash: 46.6% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer 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 2024Solvency, return and age of the figures
Solvency
-35.6%
Return on assets
-4.2%
Age of the figures
21 mo
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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€29,541
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
45 d early
2022
5 d early
2021
1 d early
2020
5 d early
2019
43 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 7 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€1,300▼ 16.1%
2023 · €1,550
EBIT margin
-296.9%▲ 2.4pp
2023 · -299.4%
Net result
-€3,498▲ 23.6%
2023 · -€4,580
Working capital
-€72,926▼ 5.0%
2023 · -€69,428
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€1,450▲ 1.0%€1,550▲ 6.9%€900▼ 41.9%€1,550▲ 72.2%€1,300▼ 16.1%
Operating result-€3,318=-€4,289▼ 29.3%-€3,529▲ 17.7%-€4,640▼ 31.5%-€3,860▲ 16.8%
Net result-€3,380within the sector's middle half▼ 1.9%€45,789above the sector's middle half-€3,482below the sector's middle half-€4,580below the sector's middle half▼ 31.5%-€3,498below the sector's middle half▲ 23.6%
EBIT margin-228.8%▲ 2.3pp-276.7%▼ 47.9pp-392.1%▼ 115.4pp-299.4%▲ 92.8pp-296.9%▲ 2.4pp
Equity-€63,770below the sector's middle half▼ 5.6%-€17,981below the sector's middle half▲ 71.8%-€21,463below the sector's middle half▼ 19.4%-€26,043below the sector's middle half▼ 21.3%-€29,541below the sector's middle half▼ 13.4%
Total assets€46,449below the sector's middle half▼ 0.6%€94,623within the sector's middle half▲ 104%€91,187within the sector's middle half▼ 3.6%€86,505within the sector's middle half▼ 5.1%€83,004within the sector's middle half▼ 4.0%
Debt€110,219▲ 2.9%€112,604▲ 2.2%€112,650=€112,548▼ 0.1%€112,545=
Working capital-€109,167below the sector's middle half▼ 2.9%-€61,366below the sector's middle half▲ 43.8%-€64,848below the sector's middle half▼ 5.7%-€69,428below the sector's middle half▼ 7.1%-€72,926below the sector's middle half▼ 5.0%
Solvency-137.3%below the sector's middle half▼ 8.1pp-19.0%below the sector's middle half▲ 118.3pp-23.5%below the sector's middle half▼ 4.5pp-30.1%below the sector's middle half▼ 6.6pp-35.6%below the sector's middle half▼ 5.5pp
Current ratio0.01below the sector's middle half=0.46below the sector's middle half▲ 0.450.42below the sector's middle half▼ 0.030.38below the sector's middle half▼ 0.040.35below the sector's middle half▼ 0.03
Return on assets (ROA)-7.3%below the sector's middle half▼ 0.2pp48.4%above the sector's middle half▲ 55.7pp-3.8%below the sector's middle half▼ 52.2pp-5.3%below the sector's middle half▼ 1.5pp-4.2%below the sector's middle half▲ 1.1pp
above
within
below
the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3,860 in 2024 against €4,640 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €83,004
Fixed assets
€43,385 =
Current assets
€39,619 ▼ 8.1%
Key figures and ratios
Quick ratio
0.35▼
2023 · 0.38
Debt to equity
-3.81▲
2023 · -4.32
Debt ≤ 1 year
€112,545=
2023 · €112,548
Income taxes
€64▲
2023 · €11
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,799 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
1.9%
went bankrupt
5.9%
stopped otherwise
90%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,662 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% | 1.7% |
| 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 75% 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 2,799 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €1,450 | €1,550 | €900 | €1,550 | €1,300 | ▼ 16.1% |
| Goods, raw materials, services and sundry goods60/61 | - | €1,470 | €1,666 | €2,761 | €2,019 | ▼ 26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €309 | €2,012 | - | - | - | - |
| Other operating charges640/8 | - | €2,357 | €2,762 | €3,429 | €3,141 | ▼ 8.4% |
| Gross operating margin9900 | -€321 | €80 | -€767 | -€1,211 | -€719 | ▲ 40.6% |
| Operating profit (loss)9901 | -€3,318 | -€4,289 | -€3,529 | -€4,640 | -€3,860 | ▲ 16.8% |
| Financial income75/76B | - | €50,078 | €55 | €71 | €426 | ▲ 500% |
| Recurring financial income75 | - | €50,078 | €55 | €71 | €426 | ▲ 500% |
| Non-recurring financial income76B | - | €50,078 | - | - | - | - |
| Recurring financial charges65 | €62 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€3,380 | €45,789 | -€3,474 | -€4,569 | -€3,434 | ▲ 24.8% |
| Income taxes67/77 | - | - | €8 | €11 | €64 | ▲ 482% |
| Profit (loss) for the period9904 | -€3,380 | €45,789 | -€3,482 | -€4,580 | -€3,498 | ▲ 23.6% |
| Profit (loss) for the period to be appropriated9905 | -€3,380 | €45,789 | -€3,482 | -€4,580 | -€3,498 | ▲ 23.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €46,449 | €94,623 | €91,187 | €86,505 | €83,004 | ▼ 4.0% |
| Fixed assets21/28 | €45,397 | €43,385 | €43,385 | €43,385 | €43,385 | = |
| Tangible fixed assets22/27 | €45,397 | €43,385 | €43,385 | €43,385 | €43,385 | = |
| Land and buildings22 | - | €43,385 | €43,385 | €43,385 | €43,385 | = |
| Current assets29/58 | €1,052 | €51,238 | €47,802 | €43,120 | €39,619 | ▼ 8.1% |
| Stocks and contracts in progress3 | €114 | €114 | €114 | €114 | €114 | = |
| Stocks30/36 | - | €114 | €114 | €114 | €114 | = |
| Amounts receivable within one year40/41 | €817 | €786 | €110 | €1,081 | €794 | ▼ 26.5% |
| Trade receivables40 | - | €786 | - | €787 | €484 | ▼ 38.5% |
| Other amounts receivable41 | - | - | €110 | €294 | €310 | ▲ 5.4% |
| Cash at bank and in hand54/58 | €121 | €50,338 | €47,578 | €41,925 | €38,711 | ▼ 7.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €46,449 | €94,623 | €91,187 | €86,505 | €83,004 | ▼ 4.0% |
| Equity10/15 | -€63,770 | -€17,981 | -€21,463 | -€26,043 | -€29,541 | ▼ 13.4% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | -€84,221 | -€38,432 | -€41,914 | -€46,494 | -€49,992 | ▼ 7.5% |
| Amounts payable17/49 | €110,219 | €112,604 | €112,650 | €112,548 | €112,545 | = |
| Amounts payable within one year42/48 | €110,219 | €112,604 | €112,650 | €112,548 | €112,545 | = |
| Trade debts44 | €2,373 | €38 | €145 | €43 | €40 | ▼ 7.0% |
| Suppliers440/4 | - | €38 | €145 | €43 | €40 | ▼ 7.0% |
| Taxes, remuneration and social security45 | - | €62 | - | - | - | - |
| Taxes450/3 | - | €62 | - | - | - | - |
| Other amounts payable47/48 | - | €112,504 | €112,505 | €112,505 | €112,505 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,380 | €45,789 | -€3,482 | -€4,580 | -€3,498 | ▲ 23.6% |
| + Depreciation and write-downs630 | €309 | €2,012 | - | - | - | - |
| Operating cash flow (approximation) | -€3,071 | €47,801 | -€3,482 | -€4,580 | -€3,498 | ▲ 23.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €50,217 | -€2,760 | -€5,653 | -€3,214 | ▲ 43.1% |
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
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
16-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€4,580
Net result drops to -€4,580, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €45,789
Net result €45,789 after 3 loss-making years.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
12-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 43 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
12-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Sint-Pieters-Woluwe · 1 establishment unit since 1988
Ground area
936 m²
Building footprint
110 m²
Volume, LiDAR
1,206 m³
2 parcels, Brussels · tallest building 15.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
J.L.W.
since 19882.041.103.001
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21019A0087/00P000indicative | Brussels | 804 m² | 1 · 110 m² | 15.0 m · 4 fl. |
| 21019A0088/00T003 | Brussels | 132 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 14,138 companies in sector 74201 we hold annual accounts for 2,616. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-09-1988
Fiscal year end31-12
Activities, NACEBEL 2025
74201Photography, excluding press photography
Contact
E-mail
info@espace24.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0435322835
Registered
01-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.