ESPACIO
ActiveSummary
ESPACIO has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €118k and a net result of €-12k. Equity is growing by ~5% per year across the filed fiscal years. Its solvency ranks better than 66% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability9▼-68
Solvency96▲+8
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.88 against 1.27 in 2024; short-term debt: 28.7% and cash: 9.4% of total assets), and 28.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
30 d early
2023
16 d early
2022
19 d early
2021
33 d early
2020
37 d early
2019
22 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€175k
EBIT margin
-16.5%
Net result
€-12k
2024 · €13k
2018: €11k
2019: €-34k▼ -395% vs 2018lowest in 8 years
2020: €3k▲ +109% vs 2019
2021: €36k▲ +1083% vs 2020highest in 8 years
2022: €31k▼ -12.8% vs 2021
2023: €9k▼ -70.6% vs 2022
2024: €13k▲ +40.7% vs 2023
2025: €-12k▼ -196% vs 2024
2018 → 2025
Working capital
€-6k
2024 · €16k
2018: €49khighest in 8 years
2019: €-8k▼ -117% vs 2018lowest in 8 years
2020: €-4k▲ +45.9% vs 2019
2021: €20k▲ +548% vs 2020
2022: €34k▲ +72.2% vs 2021
2023: €19k▼ -44.9% vs 2022
2024: €16k▼ -16.1% vs 2023
2025: €-6k▼ -137% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€106k-€121k▲ 14.4%€117k▼ 3.1%€130k▲ 11.1%€118k▼ 9.6%
2021: €106klowest in 5 years
2022: €121k▲ +14.4% vs 2021
2023: €117k▼ -3.1% vs 2022
2024: €130k▲ +11.1% vs 2023highest in 5 years
2025: €118k▼ -9.6% vs 2024
Operating result€46k-€43k▼ 7.4%€17k▼ 61.2%€23k▲ 36.5%€-11k
2021: €46khighest in 5 years
2022: €43k▼ -7.4% vs 2021
2023: €17k▼ -61.2% vs 2022
2024: €23k▲ +36.5% vs 2023
2025: €-11k▼ -148% vs 2024lowest in 5 years
Net result€36k-€31k▼ 12.8%€9k▼ 70.6%€13k▲ 40.7%€-12k
2021: €36khighest in 5 years
2022: €31k▼ -12.8% vs 2021
2023: €9k▼ -70.6% vs 2022
2024: €13k▲ +40.7% vs 2023
2025: €-12k▼ -196% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €11k after €23k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €165k
Fixed assets
€124k ▼ 5.5%
Current assets
€42k ▼ 44.2%
Equity and liabilities €165k
Equity
€118k ▼ 9.6%
Debt
€48k ▼ 36.9%
Debt's share of the balance-sheet total falls from 36.6% to 28.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-4k▼
2024 · €31k
Cash flow
€-5k▼
2024 · €21k
Current ratio
0.88▼
2024 · 1.27
Debt to equity
0.40▼
2024 · 0.58
ROE
-10.6%▼
2024 · 10.0%
ROA
-7.5%▼
2024 · 6.3%
Interest coverage
-2.95▼
2024 · 15.30
Debt ≤ 1 year
€48k▼
2024 · €59k
Debt > 1 year
€0▼
2024 · €16k
Income taxes
€208▼
2024 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€206k€165k▼
Fixed assets21/28€131k€124k▼
Tangible fixed assets22/27€131k€124k▼
Land and buildings22€124k€118k▼
Furniture and vehicles24€0-
Other tangible fixed assets26€7k€6k▼
Current assets29/58€75k€42k▼
Amounts receivable within one year40/41€33k€22k▼
Trade receivables40€33k€15k▼
Other amounts receivable41€80€8k▲
Cash at bank and in hand54/58€35k€15k▼
Deferred charges and accrued income490/1€7k€4k▼
Equity and liabilities
Total equity and liabilities10/49€206k€165k▼
Equity10/15€130k€118k▼
Contributions10/11€19k€19k=
Reserves13€112k€99k▼
Tax-exempt reserves132€19k€19k=
Distributable reserves133€93k€81k▼
Profit (loss) carried forward14€0-
Amounts payable17/49€75k€48k▼
Amounts payable after more than one year17€16k€0▼
Financial debts170/4€16k€0▼
Amounts payable within one year42/48€59k€48k▼
Current portion of amounts payable after more than one year42€14k€16k▲
Financial debts43€2k€452▼
Credit institutions430/8€2k€452▼
Trade debts44€8k€3k▼
Suppliers440/4€8k€3k▼
Taxes, remuneration and social security45€22k€8k▼
Taxes450/3€16k€8k▼
Remuneration and social security454/9€6k€0▼
Other amounts payable47/48€13k€20k▲
Income statement
Code20242025
Non-recurring operating income76A-€6k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€7k▼
Other operating charges640/8€2k€982▼
Gross operating margin9900€33k€-3k▼
Operating profit (loss)9901€23k€-11k▼
Financial income75/76B€6€0▼
Recurring financial income75€6€0▼
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€21k€-12k▼
Income taxes67/77€8k€208▼
Profit (loss) for the period9904€13k€-12k▼
Profit (loss) for the period to be appropriated9905€13k€-12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€13k€-12k▼
Transfer from equity791/2€0€12k▲
Transfer to equity691/2€13k€0▼
To other reserves6921€13k€0▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €6k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €9k | €8k | €8k | €7k | ▼ 10.9% |
| Other operating charges640/8 | €1k | €1k | €2k | €2k | €982 | ▼ 46.6% |
| Non-recurring operating charges66A | - | €4k | €0 | - | - | - |
| Gross operating margin9900 | €58k | €56k | €27k | €33k | €-3k | ▼ 109% |
| Operating profit (loss)9901 | €46k | €43k | €17k | €23k | €-11k | ▼ 148% |
| Financial income75/76B | €3 | €0 | €320 | €6 | €0 | ▼ 97.7% |
| Recurring financial income75 | €3 | €0 | €320 | €6 | €0 | ▼ 97.7% |
| Financial charges65/66B | €4k | €3k | €3k | €2k | €1k | ▼ 36.6% |
| Recurring financial charges65 | €4k | €3k | €3k | €2k | €1k | ▼ 36.6% |
| Profit (loss) for the period before taxes9903 | €43k | €40k | €14k | €21k | €-12k | ▼ 159% |
| Income taxes67/77 | €7k | €8k | €5k | €8k | €208 | ▼ 97.3% |
| Profit (loss) for the period9904 | €36k | €31k | €9k | €13k | €-12k | ▼ 196% |
| Profit (loss) for the period to be appropriated9905 | €36k | €31k | €9k | €13k | €-12k | ▼ 196% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €214k | €212k | €189k | €206k | €165k | ▼ 19.6% |
| Fixed assets21/28 | €144k | €132k | €129k | €131k | €124k | ▼ 5.5% |
| Tangible fixed assets22/27 | €144k | €132k | €129k | €131k | €124k | ▼ 5.5% |
| Land and buildings22 | €133k | €127k | €121k | €124k | €118k | ▼ 5.0% |
| Furniture and vehicles24 | €8k | €3k | €1k | €0 | - | - |
| Other tangible fixed assets26 | €3k | €2k | €8k | €7k | €6k | ▼ 15.8% |
| Current assets29/58 | €70k | €80k | €60k | €75k | €42k | ▼ 44.2% |
| Amounts receivable within one year40/41 | €36k | €40k | €14k | €33k | €22k | ▼ 33.6% |
| Trade receivables40 | €36k | €39k | €11k | €33k | €15k | ▼ 56.0% |
| Other amounts receivable41 | €46 | €2k | €3k | €80 | €8k | ▲ 9,292% |
| Cash at bank and in hand54/58 | €31k | €33k | €40k | €35k | €15k | ▼ 55.3% |
| Deferred charges and accrued income490/1 | €2k | €7k | €7k | €7k | €4k | ▼ 39.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €214k | €212k | €189k | €206k | €165k | ▼ 19.6% |
| Equity10/15 | €106k | €121k | €117k | €130k | €118k | ▼ 9.6% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €87k | €103k | €99k | €112k | €99k | ▼ 11.2% |
| Tax-exempt reserves132 | €19k | €19k | €19k | €19k | €19k | = |
| Distributable reserves133 | €69k | €84k | €80k | €93k | €81k | ▼ 13.4% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | - | - |
| Amounts payable17/49 | €108k | €90k | €72k | €75k | €48k | ▼ 36.9% |
| Amounts payable after more than one year17 | €57k | €44k | €31k | €16k | €0 | ▼ 100% |
| Financial debts170/4 | €57k | €44k | €31k | €16k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €50k | €46k | €41k | €59k | €48k | ▼ 19.5% |
| Current portion of amounts payable after more than one year42 | €13k | €13k | €14k | €14k | €16k | ▲ 13.2% |
| Financial debts43 | €841 | €2k | €2k | €2k | €452 | ▼ 72.2% |
| Credit institutions430/8 | €841 | €2k | €2k | €2k | €452 | ▼ 72.2% |
| Trade debts44 | €3k | €6k | €4k | €8k | €3k | ▼ 63.6% |
| Suppliers440/4 | €3k | €6k | €4k | €8k | €3k | ▼ 63.6% |
| Taxes, remuneration and social security45 | €19k | €22k | €7k | €22k | €8k | ▼ 62.5% |
| Taxes450/3 | €19k | €22k | €7k | €16k | €8k | ▼ 49.7% |
| Remuneration and social security454/9 | - | - | - | €6k | €0 | ▼ 100% |
| Other amounts payable47/48 | €15k | €4k | €14k | €13k | €20k | ▲ 53.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36k | €31k | €9k | €13k | €-12k | ▼ 196% |
| + Depreciation and write-downs630 | €10k | €9k | €8k | €8k | €7k | ▼ 10.9% |
| Operating cash flow (approximation) | €46k | €40k | €18k | €21k | €-5k | ▼ 125% |
| Investment in fixed assets (approximation) | - | €4k | €-6k | €-10k | €0 | ▲ 100% |
| Change in cash | - | €2k | €7k | €-5k | €-19k | ▼ 281% |
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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €36k ▲1,083%
Operating result €46k, net result €36k, both a record.
31-12
Financial
Equity above €100kEq €106k ▲51.6%
2 profitable years in a row build equity to €106k.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-34k
Net result drops to €-34k, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro 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, Edegem · 2 establishment units since 2009
Ground area
618 m²
Building footprint
218 m²
Volume, LiDAR
1,447 m³
2 parcels, Flanders · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
ESPACIO
since 20092.179.958.402
ESPACIO
since 20172.274.233.591
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11472B0092/00X002 | Flanders | 428 m² | 1 · 142 m² | 10.7 m · 1 fl. |
| 11003A0173/00F010 | Flanders | 190 m² | 1 · 75 m² | 10.0 m · 3 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,846 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
Founded13-07-2009
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
59113Video and film production, excluding cinema and television films
82300Organisation of conventions and trade shows
85592Vocational training
85599Other education
86931Psychology services
Scores and ratios are computed by Checked and are not a credit decision.