ESPACIO
ActiveSummary
ESPACIO has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €447,499 and a net result of €64,385. Equity is growing by ~24.8% per year across the filed fiscal years. Its solvency ranks better than 23% of 3521 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+1
Solvency39▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity short (current ratio 0.64 against 0.61 in 2024; short-term debt: 18.4% and cash: 2.5% of total assets), and 85.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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
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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
14.5%
Return on assets
2.1%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 3521 sector peers (2025).
NBB · sector comparisonPosition among 3521 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-02-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
27 d late
2024
25 d late
2023
5 d late
2022
352 d late
2021
10 d early
2020
32 d early
2019
8 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 51 days after 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 (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 25 February (4 of the last 5 filed years within 35 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€447,499▲ 16.8%
2024 · €383,115
Total assets
€3.1m▼ 4.3%
2024 · €3.2m
Net result
€64,385▲ 60.7%
2024 · €40,054
Working capital
-€202,784▲ 20.0%
2024 · -€253,395
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€169,310▼ 6.5%€44,620▼ 73.6%€186,362▲ 318%€154,570▼ 17.1%€148,677▼ 3.8%
Net result€103,654above the sector's middle half▼ 0.8%-€10,427below the sector's middle half€93,877above the sector's middle half€40,054above the sector's middle half▼ 57.3%€64,385above the sector's middle half▲ 60.7%
Equity€259,611above the sector's middle half▲ 66.5%€249,184above the sector's middle half▼ 4.0%€343,060above the sector's middle half▲ 37.7%€383,115above the sector's middle half▲ 11.7%€447,499above the sector's middle half▲ 16.8%
Total assets€2.5mabove the sector's middle half▲ 21.6%€3.2mabove the sector's middle half▲ 25.9%€3.1mabove the sector's middle half▼ 0.7%€3.2mabove the sector's middle half▲ 3.2%€3.1mabove the sector's middle half▼ 4.3%
Debt€2.2m▲ 17.9%€2.9m▲ 29.3%€2.8m▼ 4.0%€2.8m▲ 2.1%€2.6m▼ 7.2%
Working capital-€151,420below the sector's middle half-€317,114below the sector's middle half▼ 109%-€231,407below the sector's middle half▲ 27.0%-€253,395below the sector's middle half▼ 9.5%-€202,784below the sector's middle half▲ 20.0%
Solvency10.4%below the sector's middle half▲ 2.8pp7.9%below the sector's middle half▼ 2.5pp11.0%below the sector's middle half▲ 3.1pp11.9%below the sector's middle half▲ 0.9pp14.5%below the sector's middle half▲ 2.6pp
Current ratio0.71below the sector's middle half▼ 0.480.36below the sector's middle half▼ 0.350.53below the sector's middle half▲ 0.170.61below the sector's middle half▲ 0.080.64below the sector's middle half▲ 0.03
Return on assets (ROA)4.1%within the sector's middle half▼ 0.9pp-0.3%within the sector's middle half▼ 4.5pp3.0%within the sector's middle half▲ 3.3pp1.2%within the sector's middle half▼ 1.8pp2.1%within the sector's middle half▲ 0.8pp
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.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.1m
Fixed assets
€2.7m ▼ 3.8%
Current assets
€366,248 ▼ 8.0%
Equity and liabilities €3.1m
Equity
€447,499 ▲ 16.8%
Debt
€2.6m ▼ 7.2%
Debt's share of the balance-sheet total falls from 88.1% to 85.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€256,884▼
2024 · €289,443
Cash flow
€172,592▼
2024 · €174,928
Debt to equity
5.90▼
2024 · 7.43
ROE
14.4%▲
2024 · 10.5%
Interest coverage
6.47▼
2024 · 7.01
Debt ≤ 1 year
€569,032▼
2024 · €651,549
Debt > 1 year
€2.0m▼
2024 · €2.2m
Income taxes
€44,617▼
2024 · €73,253
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,372 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.9%
went bankrupt
1.4%
stopped otherwise
97%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,340 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% | 1.0% |
| 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% 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 2,372 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €152,079 | €210,562 | €113,829 | €134,874 | €108,207 | ▼ 19.8% |
| Other operating charges640/8 | - | €2,598 | €2,763 | €15,419 | €4,613 | ▼ 70.1% |
| Gross operating margin9900 | €323,116 | €257,780 | €302,954 | €304,862 | €261,497 | ▼ 14.2% |
| Operating profit (loss)9901 | €169,310 | €44,620 | €186,362 | €154,570 | €148,677 | ▼ 3.8% |
| Financial income75/76B | - | €90 | €5 | €6 | €2 | ▼ 68.5% |
| Recurring financial income75 | - | €90 | €5 | €6 | €2 | ▼ 68.5% |
| Financial charges65/66B | - | €45,137 | €33,146 | €41,269 | €39,677 | ▼ 3.9% |
| Recurring financial charges65 | €30,676 | €37,127 | €33,146 | €41,269 | €39,677 | ▼ 3.9% |
| Non-recurring financial charges66B | - | €8,010 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €138,634 | -€427 | €153,221 | €113,307 | €109,001 | ▼ 3.8% |
| Income taxes67/77 | €34,981 | €10,000 | €59,344 | €73,253 | €44,617 | ▼ 39.1% |
| Profit (loss) for the period9904 | €103,654 | -€10,427 | €93,877 | €40,054 | €64,385 | ▲ 60.7% |
| Profit (loss) for the period to be appropriated9905 | €103,654 | -€10,427 | €93,877 | €40,054 | €64,385 | ▲ 60.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.5m | €3.2m | €3.1m | €3.2m | €3.1m | ▼ 4.3% |
| Fixed assets21/28 | €2.1m | €3.0m | €2.9m | €2.8m | €2.7m | ▼ 3.8% |
| Tangible fixed assets22/27 | €2.1m | €2.9m | €2.8m | €2.8m | €2.7m | ▼ 3.9% |
| Land and buildings22 | - | €2.9m | €2.8m | €2.8m | €2.7m | ▼ 3.8% |
| Plant, machinery and equipment23 | - | - | €5,458 | €20,713 | €18,206 | ▼ 12.1% |
| Furniture and vehicles24 | - | €34,885 | €22,532 | €4,261 | €2,991 | ▼ 29.8% |
| Financial fixed assets28 | - | €32,046 | €32,046 | €32,046 | €32,046 | = |
| Current assets29/58 | €375,757 | €178,078 | €259,571 | €398,153 | €366,248 | ▼ 8.0% |
| Amounts receivable within one year40/41 | €254,591 | €170,539 | €216,638 | €335,870 | €258,550 | ▼ 23.0% |
| Trade receivables40 | - | €165,185 | €210,621 | €335,870 | €233,995 | ▼ 30.3% |
| Other amounts receivable41 | - | €5,354 | €6,017 | - | €24,554 | - |
| Cash at bank and in hand54/58 | €121,109 | €7,539 | €42,933 | €38,649 | €76,465 | ▲ 97.8% |
| Deferred charges and accrued income490/1 | - | - | - | €23,634 | €31,233 | ▲ 32.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.5m | €3.2m | €3.1m | €3.2m | €3.1m | ▼ 4.3% |
| Equity10/15 | €259,611 | €249,184 | €343,060 | €383,115 | €447,499 | ▲ 16.8% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €239,860 | €239,860 | €323,860 | €363,860 | €427,860 | ▲ 17.6% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €238,000 | €322,000 | €363,860 | €427,860 | ▲ 17.6% |
| Profit (loss) carried forward14 | €1,151 | -€9,276 | €600 | €655 | €1,039 | ▲ 58.8% |
| Amounts payable17/49 | €2.2m | €2.9m | €2.8m | €2.8m | €2.6m | ▼ 7.2% |
| Amounts payable after more than one year17 | €1.7m | €2.4m | €2.3m | €2.2m | €2.0m | ▼ 6.0% |
| Financial debts170/4 | - | €2.4m | €2.3m | €2.2m | €2.0m | ▼ 6.0% |
| Amounts payable within one year42/48 | €527,177 | €495,192 | €490,978 | €651,549 | €569,032 | ▼ 12.7% |
| Current portion of amounts payable after more than one year42 | - | €131,850 | €122,743 | €135,422 | €159,194 | ▲ 17.6% |
| Trade debts44 | €90,942 | €63,476 | €39,480 | €189,319 | €134,425 | ▼ 29.0% |
| Suppliers440/4 | - | €63,476 | €39,480 | €189,319 | €134,425 | ▼ 29.0% |
| Taxes, remuneration and social security45 | - | €26,426 | €62,599 | €57,627 | €12,441 | ▼ 78.4% |
| Taxes450/3 | - | €26,426 | €62,599 | €57,627 | €12,441 | ▼ 78.4% |
| Other amounts payable47/48 | - | €273,439 | €266,155 | €269,181 | €262,972 | ▼ 2.3% |
| Accrued charges and deferred income492/3 | - | €9,468 | €21,238 | €33,328 | €39,999 | ▲ 20.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €103,654 | -€10,427 | €93,877 | €40,054 | €64,385 | ▲ 60.7% |
| + Depreciation and write-downs630 | €152,079 | €210,562 | €113,829 | €134,874 | €108,207 | ▼ 19.8% |
| Operating cash flow (approximation) | €255,732 | €200,135 | €207,705 | €174,928 | €172,592 | ▼ 1.3% |
| Investment in fixed assets (approximation) | - | -€1.1m | -€11,026 | -€94,966 | €0 | ▲ 100% |
| Change in cash | - | -€113,569 | €35,394 | -€4,284 | €37,816 | ▲ 983% |
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
27-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
25-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
05-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 5 days late
18-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 352 days late
2023
30-06
Financial
Back to profitnet €93,877
Net result €93,877 after one loss-making year.
2022
30-06
Financial
Weakest financial yearnet -€10,427
Net result drops to -€10,427, the lowest in the series; recovery starts the following year.
21-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Equity above €200,000Eq €259,611 ▲66.5%
3 profitable years in a row build equity to €259,611.
2020
30-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Highest result since 2019net €104,480 ▲218%
Net result €104,480, the highest in the series.
30-06
Financial
Equity above €150,000Eq €155,958 ▲203%
2 profitable years in a row build equity to €155,958.
23-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
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, Knokke-Heist · 1 establishment unit since 2019
Ground area
63 m²
Building footprint
63 m²
Volume, LiDAR
955 m³
Parcel 31332F0041/00_000, Flanders · tallest building 19.2 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
ESPACIO
since 20192.285.531.519
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31332F0041/00_000 | Flanders | 63 m² | 1 · 63 m² | 19.2 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,452 companies in sector 74130 we hold annual accounts for 340. 190 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
Founded23-01-2019
Fiscal year end30-06
Activities, NACEBEL 2025
74130Interior design
55100Hotels and similar accommodation
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
74120Graphic design and visual communication
E-invoicing
Reachable via Peppol
Peppol ID
0208:0719304686
Also
9925:BE0719304686
Registered
01-02-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.