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ESPACO

Active
Private limited companyfounded 2024active for 2 yearsAfsneedorp 9, 9051 Gent, BelgiumKBO/BCE: BE 1010.612.613
Summary

ESPACO has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €55,626 and a net result of €52,316. Its solvency ranks better than 44% of 39,218 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Activity
Business and other management consultancy
NACE 70200
1 site
Size
≈ €160,000turnover 2025, estimated
Equity
€55,626
Profit
€52,316
Turnover estimated from the gross margin
Financial health
95 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
2025 accounts 8 days early
Why 95raises riskFounded in 2024lowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Liquidity: current ratio 0.81, cash €19,748Size: total assets €114,156Show the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 63% of its sector peers (NACE 70, micro)
Financial strength · tick = 2024
Strong
Solvency 74+37
equity 48.7% of total assets
Liquidity 46+29
short-term debt 51.3% · cash 17.3%
Profitability 100+20
return on assets 45.8%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (48,501 companies, NACE 70, micro)
Last 24 months 07-2025: 0.4%highest value 08-2025: 0.4%● unchanged vs 07-2025highest value 09-2025: 0.1%▼ -0.3 percentage points vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.2%▲ +0.1 percentage points vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.1%▼ -0.1 percentage points vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.81, compared with 0.58 in 2024, below 1; short-term debt: 51.3% and cash: 17.3% of total assets), and 51.3% of the assets are financed with debt and provisions.
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 70, micro): better than 45% on solvency, 26% on liquidity, 84% on profitability and 99% on growth.

The bankruptcy probability was computed on 30-10-2026 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).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
lowers risk · Liquidity: current ratio 0.81, cash €19,748
NBB · annual accounts
raises risk · Founded in 2024
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Size: total assets €114,156
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
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 23-07-2026, 8 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
8 days early
2024
13 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 3 days after the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
31-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2024.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. IncorporationAppointment: GOEMINNE Bram Tim (director)…

Financials · financial year 2025, micro format

Turnover
≈ €160,000
Estimated: probably between €120,000 and €200,000
Total assets
€114,156▲ 328%
2024 · €26,680
Net result
€52,316▲ 23×
2024 · €2,309
Working capital
-€11,188▼ 14.4%
2024 · -€9,778
Trend over the years

2024 to 2025, 2 financial years

The operating result rises in 2025; 2025 is over 19 times 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€71,705 2025 Net result€52,316 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 70, Activities of head offices; management consultancy 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).

Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result€3,749-€71,705▲ 19×
Net result€2,309below the sector's middle half-€52,316within the sector's middle half▲ 23×
Equity€3,309below the sector's middle half-€55,626within the sector's middle half▲ 17×
Total assets€26,680below the sector's middle half-€114,156within the sector's middle half▲ 328%
Debt€23,371-€58,530▲ 150%
Working capital-€9,778within the sector's middle half--€11,188below the sector's middle half▼ 14.4%
Solvency12.4%below the sector's middle half-48.7%within the sector's middle half▲ 36.3pp
Current ratio0.58below the sector's middle half-0.81below the sector's middle half▲ 0.23
Return on assets (ROA)8.7%within the sector's middle half-45.8%above the sector's middle half▲ 37.2pp
above within below the middle half of NACE 70, Activities of head offices; management consultancy 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.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €114,156
Fixed assets €66,813 ▲ 426%
Current assets €47,342 ▲ 248%
Equity and liabilities €114,156
Equity €55,626 ▲ 17×
Debt €58,530 ▲ 150%
Debt's share of the balance-sheet total falls from 87.6% to 51.3%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€76,980▲
2024 · €6,147
Cash flow
€57,591▲
2024 · €4,708
Debt to equity
1.05▼
2024 · 7.06
ROE
94.1%▲
2024 · 69.8%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€58,530▲
2024 · €23,371
Income taxes
€19,296▲
2024 · €1,408
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet Code20242025
Assets
Total assets20/58€26,680€114,156▲
Formation expenses20€392€0▼
Fixed assets21/28€12,696€66,813▲
Tangible fixed assets22/27€12,696€7,813▼
Furniture and vehicles24€12,696€7,813▼
Financial fixed assets28-€59,000
Current assets29/58€13,592€47,342▲
Amounts receivable within one year40/41€9,563€27,104▲
Trade receivables40€9,563€27,104▲
Cash at bank and in hand54/58€3,362€19,748▲
Deferred charges and accrued income490/1€667€490▼
Equity and liabilities
Total equity and liabilities10/49€26,680€114,156▲
Equity10/15€3,309€55,626▲
Contributions10/11€1,000€1,000=
Contributions outside capital11€1,000-
Other1109/19€1,000-
Reserves13€2,309€54,626▲
Distributable reserves133€2,309€54,626▲
Amounts payable17/49€23,371€58,530▲
Amounts payable within one year42/48€23,371€58,530▲
Trade debts44€1,530€1,016▼
Suppliers440/4€1,530€1,016▼
Taxes, remuneration and social security45€10,156€55,231▲
Taxes450/3€5,981€42,626▲
Remuneration and social security454/9€4,175€12,605▲
Other amounts payable47/48€11,685€2,283▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,398€5,275▲
Other operating charges640/8€476€890▲
Gross operating margin9900€6,624€77,870▲
Operating profit (loss)9901€3,749€71,705▲
Financial charges65/66B€32€93▲
Recurring financial charges65€32€93▲
Profit (loss) for the period before taxes9903€3,717€71,612▲
Income taxes67/77€1,408€19,296▲
Profit (loss) for the period9904€2,309€52,316▲
Profit (loss) for the period to be appropriated9905€2,309€52,316▲
Appropriation of the result
Profit (loss) to be appropriated9906€2,309€52,316▲
Transfer to equity691/2€2,309€52,316▲
To other reserves6921€2,309€52,316▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,398€5,275▲ 120%
Other operating charges640/8€476€890▲ 86.9%
Gross operating margin9900€6,624€77,870▲ 12×
Operating profit (loss)9901€3,749€71,705▲ 19×
Financial charges65/66B€32€93▲ 192%
Recurring financial charges65€32€93▲ 192%
Profit (loss) for the period before taxes9903€3,717€71,612▲ 19×
Income taxes67/77€1,408€19,296▲ 14×
Profit (loss) for the period9904€2,309€52,316▲ 23×
Profit (loss) for the period to be appropriated9905€2,309€52,316▲ 23×
Line20242025Change
Assets
Total assets20/58€26,680€114,156▲ 328%
Formation expenses20€392€0▼ 100%
Fixed assets21/28€12,696€66,813▲ 426%
Tangible fixed assets22/27€12,696€7,813▼ 38.5%
Furniture and vehicles24€12,696€7,813▼ 38.5%
Financial fixed assets28-€59,000-
Current assets29/58€13,592€47,342▲ 248%
Amounts receivable within one year40/41€9,563€27,104▲ 183%
Trade receivables40€9,563€27,104▲ 183%
Cash at bank and in hand54/58€3,362€19,748▲ 487%
Deferred charges and accrued income490/1€667€490▼ 26.5%
Equity and liabilities
Total equity and liabilities10/49€26,680€114,156▲ 328%
Equity10/15€3,309€55,626▲ 17×
Contributions10/11€1,000€1,000=
Contributions outside capital11€1,000--
Other1109/19€1,000--
Reserves13€2,309€54,626▲ 24×
Distributable reserves133€2,309€54,626▲ 24×
Amounts payable17/49€23,371€58,530▲ 150%
Amounts payable within one year42/48€23,371€58,530▲ 150%
Trade debts44€1,530€1,016▼ 33.6%
Suppliers440/4€1,530€1,016▼ 33.6%
Taxes, remuneration and social security45€10,156€55,231▲ 444%
Taxes450/3€5,981€42,626▲ 613%
Remuneration and social security454/9€4,175€12,605▲ 202%
Other amounts payable47/48€11,685€2,283▼ 80.5%
Line20242025Change
Profit (loss) for the period9904€2,309€52,316▲ 23×
+ Depreciation and write-downs630€2,398€5,275▲ 120%
Operating cash flow (approximation)€4,708€57,591▲ 12×
Investment in fixed assets (approximation)--€59,392-
Change in cash-€16,386-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (2)
Financial year Type Filed Reference
31-12-2025 micro format 23-07-2026 2026-00322211
31-12-2024 abbreviated format 13-08-2025 2025-00374131

Similar companies · same sector, comparable size

Of the 82,509 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 54,646. 40,206 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
1 director, no change since 2024
GOEMINNE Bram Tim
Director (not named in the articles) · since 25-06-2024
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

1 person since 2024, 1 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
GOEMINNE Bram Tim
  • Director (not named in the articles), from 25-06-2024 to date
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Shareholders according to the deeds
At incorporation act of 25-06-2024 ↗

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 25-06-2024 Incorporation · €1,000 · 100 shares

Group and network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

ESPACO was incorporated on 21 June 2024 as a private limited company by one natural person, with a starting capital of €1,000.12 Since 2024, GOEMINNE Bram Tim has served as director of the company.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 25-06-2024
  3. 3National Bank, annual accounts 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
23-07
NBB filing Annual accounts filed
financial year 2025 · micro format
2025
13-08
NBB filing Annual accounts filed
financial year 2024 · abbreviated format · 13 days late
2024
25-06
Gazette deed Incorporation
Appointment: GOEMINNE Bram Tim (director) · Permanent representatives: Francis Ballyn and Chris Ballyn · Founder11 facts ▸
  • Incorporation, “ESPACO” (deed in Dutch)
  • Founder, GOEMINNE Bram Tim
  • Founding capital, €1,000
  • Share issue, “Ieder aandeel geeft een gelijk recht in de winstverdeling en in het vereffeningssaldo, als vergoeding voor de inbrengen” (deed in Dutch)
  • Registered office clause, “Vlaams gewest, 9051 Gent, Afsneedorp 9” (deed in Dutch)
  • Pre-incorporation commitments, “takeover”, 01-02-2024 (deed in Dutch)
  • Director appointment, GOEMINNE Bram Tim (director (not named in the articles))
  • Permanent representative, Francis Ballyn
  • Permanent representative, Chris Ballyn
  • Director in office, BV Foho (director)
  • Director in office, BV CRFP (director)
Gazette deedNBB filing
1 of 1 deed read

Register details

Identification
Legal formPrivate limited company
Founded21-06-2024
Financial year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:1010612613
Also 9925:BE1010612613
Registered 13-11-2024

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 31 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2024
registered office establishment The establishment unit on the map
Ground area
1,047 m²
Building footprint
131 m²
Building volume
1,165 m³
Parcel 44002B0087/00B000, Flanders · tallest building 11.7 m. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Afsneedorp 9, 9051 Gent
Business and other management consultancy
since 2024unit no. 2.362.216.353
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
44002B0087/00B000
ProtectedMonument · Townscape or village viewAfsneedorpSource ↗
Flanders 1,047 m² 1 · 131 m² 11.7 m · 3
How the parcels are linked
Good to know
The parcel matches the address exactly.
1 of these parcels carries protected heritage: expect extra rules on renovation or sale.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“Het verlenen van diensten en adviezen aan derden. Het optreden als consultant en diensten verlenen inzake commercieel,strategisch en…” (deed in Dutch)
15 activities (deed in Dutch)
  1. Het verlenen van diensten en adviezen aan derden. Het optreden als consultant en diensten verlenen inzake commercieel,strategisch en administratief management,inzake product management,design en vormgeving,inzake PR,publiciteit en marketing,inzake de administratieve organisatie en de implementatie van bedrijfsprocessen
  2. Marketingconsultancy in de ruime zin van het woord,waaronder onder meer wordt begrepen zonder limitatief te zijn: het verlenen van advies over algemene en specifieke merk-,bedrijfs- en product marketingcampagnes en strategieën
  3. Het analyseren,ontwerpen,organiseren en eventueel uitrollen van marketingcampagnes ten behoeve van derden zowel op fysieke dragers als digitaal en via alle platformen en kanalen die door de bevoegde overheden zijn toegelaten
  4. Het verrichten van alle vormen van handelsbemiddeling,het optreden als agent en als zelfstandig vertegenwoordiger in diverse sectoren en voor diverse producten en diensten. De aan- en verkoop evenals de in- en uitvoer van om het even welke goederen evenals het optreden als tussenpersoon bij voormelde verrichtingen
  5. Het verlenen van advies m.b.t. informaticaprogramma’s en bijstand bij de toepassing van deze programma’s
  6. Het verlenen van diensten,het verstrekken van adviezen en het geven van trainingen,workshops en opleidingen met betrekking tot commerciële-,informatie- en communicatietechnologie in de ruimste zin van het woord
  7. Elke dienstverlening op het gebied van management,project management,het beheer en het bestuur van en alle adviesverlening aan bedrijven,personen en vennootschappen
  8. Alle financiële en beheersverrichtingen met betrekking tot eigen roerend vermogen en met betrekking tot onroerend vermogen,onder meer,krediet en financiering,belegging van eigen roerend vermogen en van onroerend vermogen,het nemen van participaties in nieuwe en bestaande vennootschappen,beheren van eigen roerend en van onroerend vermogen,hypothecaire en andere borgstelling,commissie- en delcredereverrichtingen,voor zover dit alles wettelijk is toegelaten
  9. Het optreden als commissionair,tussenpersoon,zowel voor eigen rekening als voor rekening van derden bij alle commerciële activiteiten
  10. Het stellen van persoonlijke of zakelijke borgen in het voordeel van derden
  11. Het verwerven en huren met het oog op het verhuren en onderverhuren van onroerende goederen en eigen roerende installaties
  12. Het waarnemen van opdrachten als bestuurder of vereffenaar in andere vennootschappen. Het optreden als managementvennootschap,het beheren van vennootschappen,het optreden als holding,het verrichten van alle managementactiviteiten van holdings: het deelnemen,onder gelijk welke vorm,aan de oprichting,uitbreiding,omzetting,fusie,opslorping,het bestuur en controle van ondernemingen
  13. Het nemen van belangen,hetzij door deelneming,inbreng of elke andere wijze in alle vennootschappen,ondernemingen of groeperingen,bestaande of op te richten,zowel in België als in het buitenland,die een aanvullend of soortgelijk voorwerp nastreven,of van die aard zijn de ontwikkeling van haar onderneming te bevorderen of de afzet van haar producten of diensten kunnen vergemakkelijken
  14. Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten (vruchtgebruik,recht van opstal,erfpacht,...),zoals de huurfinanciering van onroerend goederen aan derden,het aankopen,verkopen,ruilen,bouwen,verbouwen,onderhouden,verhuren,huren,verkavelen,prospecteren en uitbaten van onroerende goederen,het ontwerpen en opvolgen van projecten,en het maken van studies met betrekking tot immobiliën; de aan- en verkoop,huur en verhuur van roerende goederen betreffende de inrichting en uitrusting van onroerende goederen,alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de onroerende goederen te bevorderen; alsmede zich borg stellen voor het goede verloop van verbintenissen,door derde personen aangegaan,die het genot zouden hebben van voormelde roerende en onroerende goederen
  15. Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend vermogen; alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals het verwerven door inschrijving of aankoop,het beheren van aandelen,aandelenopties,obligaties,kasbons,afgeleide producten of andere roerende waarden,van welke vorm ook,uitgegeven door Belgische of buitenlandse emittenten

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
ESPACO
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaams gewest” (deed in Dutch)

deed of 25-06-2024

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
“De bestuurders kunnen de uitoefening van een deel van hun bevoegdheid ten titel van bijzondere volmacht opdragen aan een derde aangestelde…”
Board ruleHow the board is made up, meets and takes decisions.
“Voor de duur van de vennootschap,tenzij de algemene vergadering anders besluit, natuurlijke of rechtspersonen” (deed in Dutch)
“Alle handelingen te verrichten die nodig of dienstig zijn tot verwezenlijking van het voorwerp, bestuursbevoegdheid” (deed in Dutch)

deed of 25-06-2024

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Last Friday of June at 18:00

deed of 25-06-2024

Oversight and winding up

Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one.
No statutory auditor

deed of 25-06-2024

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Dagelijks bestuur, een of meer personen” (deed in Dutch)
Other provision: “Bestemming winst en uitkeringen, verminderd met overgedragen verlies of vermeerderd met overgedragen winst” (deed in Dutch)
Liquidation distribution: “Passief en kosten vereffening, verdeeld onder aandeelhouders in evenredigheid met aantal aandelen elk aandeel gelijk recht” (deed in Dutch)
1 more provision in the deed, see the deed of 25-06-2024

deed of 25-06-2024