FUTURE SPACES
ActiveSummary
The computed 12-month bankruptcy probability of FUTURE SPACES is 4.7% (elevated). The 2025 annual accounts show negative equity (-€13,775) and a net result of -€62,462. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 28281 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0▼-96
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
4.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.55 against 2.55 in 2024; short-term debt: 137.8% and cash: 37.8% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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 2025Solvency, return and age of the figures
Solvency
-37.8%
Return on assets
-171.4%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year -€13,775
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 4 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
47 d early
2022
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 11 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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. Usually files around 30 August (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€13,775
2024 · €48,687
Total assets
€36,443▼ 47.0%
2024 · €68,744
Net result
-€62,462▼ 367%
2024 · -€13,370
Working capital
-€22,722
2024 · €30,092
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line2022202320242025
Operating result€36,842-€35,759▼ 2.9%-€13,223-€62,338▼ 371%
Net result€29,243above the sector's middle half-€27,814within the sector's middle half▼ 4.9%-€13,370below the sector's middle half-€62,462below the sector's middle half▼ 367%
Equity€34,243within the sector's middle half-€62,057within the sector's middle half▲ 81.2%€48,687within the sector's middle half▼ 21.5%-€13,775below the sector's middle half
Total assets€91,342within the sector's middle half-€95,132within the sector's middle half▲ 4.1%€68,744within the sector's middle half▼ 27.7%€36,443below the sector's middle half▼ 47.0%
Debt€57,098-€33,075▼ 42.1%€20,057▼ 39.4%€50,219▲ 150%
Working capital€17,517within the sector's middle half-€40,957within the sector's middle half▲ 134%€30,092within the sector's middle half▼ 26.5%-€22,722below the sector's middle half
Solvency37.5%within the sector's middle half-65.2%within the sector's middle half▲ 27.7pp70.8%above the sector's middle half▲ 5.6pp-37.8%below the sector's middle half▼ 108.6pp
Current ratio1.38within the sector's middle half-2.50within the sector's middle half▲ 1.122.55within the sector's middle half▲ 0.050.55below the sector's middle half▼ 2.01
Return on assets (ROA)32.0%above the sector's middle half-29.2%above the sector's middle half▼ 2.8pp-19.4%below the sector's middle half▼ 48.7pp-171.4%below the sector's middle half▼ 151.9pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €62,338 in 2025 against €13,223 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €36,443
Fixed assets
€8,946 ▼ 53.6%
Current assets
€27,497 ▼ 44.4%
Key figures and ratios
EBITDA
-€51,945▼
2024 · -€3,200
Cash flow
-€52,070▼
2024 · -€3,347
Debt to equity
-3.65▼
2024 · 0.41
Interest coverage
-243.86▼
2024 · -10.55
Debt ≤ 1 year
€50,219▲
2024 · €19,370
Income taxes
€145▲
2024 · €40
Staff costs
€25,035▲
2024 · €22,009
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 7,638 companies that looked in July 2024 the way this one looks now, 8.9% went bankrupt within 24 months and 85% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
8.9%
went bankrupt
5.6%
stopped otherwise
85%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 4.7% 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 497,338 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% | 1.9% |
| 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 7,638 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €22,009 | €25,035 | ▲ 13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,995 | €8,601 | €10,023 | €10,392 | ▲ 3.7% |
| Other operating charges640/8 | €4,750 | €1,914 | €738 | €4,134 | ▲ 460% |
| Gross operating margin9900 | €47,588 | €46,275 | €19,547 | -€22,776 | ▼ 217% |
| Operating profit (loss)9901 | €36,842 | €35,759 | -€13,223 | -€62,338 | ▼ 371% |
| Financial income75/76B | - | €5 | €197 | €233 | ▲ 18.6% |
| Recurring financial income75 | - | €5 | €197 | €233 | ▲ 18.6% |
| Financial charges65/66B | €386 | €405 | €303 | €213 | ▼ 29.8% |
| Recurring financial charges65 | €386 | €405 | €303 | €213 | ▼ 29.8% |
| Profit (loss) for the period before taxes9903 | €36,457 | €35,360 | -€13,330 | -€62,317 | ▼ 367% |
| Income taxes67/77 | €7,213 | €7,547 | €40 | €145 | ▲ 262% |
| Profit (loss) for the period9904 | €29,243 | €27,814 | -€13,370 | -€62,462 | ▼ 367% |
| Profit (loss) for the period to be appropriated9905 | €29,243 | €27,814 | -€13,370 | -€62,462 | ▼ 367% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €91,342 | €95,132 | €68,744 | €36,443 | ▼ 47.0% |
| Fixed assets21/28 | €27,456 | €26,914 | €19,282 | €8,946 | ▼ 53.6% |
| Tangible fixed assets22/27 | €25,603 | €25,164 | €17,110 | €8,524 | ▼ 50.2% |
| Plant, machinery and equipment23 | - | €5,578 | €4,633 | €2,917 | ▼ 37.0% |
| Furniture and vehicles24 | €25,603 | €18,021 | €11,084 | €4,387 | ▼ 60.4% |
| Other tangible fixed assets26 | - | €1,565 | €1,393 | €1,221 | ▼ 12.4% |
| Financial fixed assets28 | €1,853 | €1,750 | €2,172 | €422 | ▼ 80.6% |
| Current assets29/58 | €63,886 | €68,218 | €49,462 | €27,497 | ▼ 44.4% |
| Amounts receivable within one year40/41 | €7,668 | €7,453 | €17,813 | €13,713 | ▼ 23.0% |
| Trade receivables40 | €7,668 | €1,400 | €6,769 | €2,897 | ▼ 57.2% |
| Other amounts receivable41 | - | €6,053 | €11,044 | €10,815 | ▼ 2.1% |
| Cash at bank and in hand54/58 | €56,218 | €60,765 | €31,649 | €13,784 | ▼ 56.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €91,342 | €95,132 | €68,744 | €36,443 | ▼ 47.0% |
| Equity10/15 | €34,243 | €62,057 | €48,687 | -€13,775 | ▼ 128% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Capital10 | €5,000 | €5,000 | €5,000 | - | - |
| Issued capital100 | €5,000 | €5,000 | €5,000 | - | - |
| Profit (loss) carried forward14 | €29,243 | €57,057 | €43,687 | -€18,775 | ▼ 143% |
| Amounts payable17/49 | €57,098 | €33,075 | €20,057 | €50,219 | ▲ 150% |
| Amounts payable after more than one year17 | €10,729 | €5,815 | €688 | - | - |
| Financial debts170/4 | €10,729 | €5,815 | €688 | - | - |
| Amounts payable within one year42/48 | €46,369 | €27,261 | €19,370 | €50,219 | ▲ 159% |
| Current portion of amounts payable after more than one year42 | €4,794 | €4,915 | €5,127 | €777 | ▼ 84.8% |
| Trade debts44 | €18,300 | €12,099 | €11,148 | €46,588 | ▲ 318% |
| Suppliers440/4 | €18,300 | €12,099 | €11,148 | €46,588 | ▲ 318% |
| Taxes, remuneration and social security45 | €20,267 | €10,247 | €3,094 | €184 | ▼ 94.0% |
| Taxes450/3 | €20,267 | €7,547 | €40 | €184 | ▲ 362% |
| Remuneration and social security454/9 | - | €2,700 | €3,055 | - | - |
| Other amounts payable47/48 | €3,008 | - | - | €2,669 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,243 | €27,814 | -€13,370 | -€62,462 | ▼ 367% |
| + Depreciation and write-downs630 | €5,995 | €8,601 | €10,023 | €10,392 | ▲ 3.7% |
| Operating cash flow (approximation) | €35,239 | €36,415 | -€3,347 | -€52,070 | ▼ 1,456% |
| Investment in fixed assets (approximation) | - | -€8,060 | -€2,391 | -€57 | ▲ 97.6% |
| Change in cash | - | €4,547 | -€29,116 | -€17,865 | ▲ 38.6% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet -€62,462
Net result drops to -€62,462, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Braine-l'Alleud · 1 establishment unit since 2021
Ground area
7,876 m²
Building footprint
860 m²
Volume, LiDAR
12,317 m³
Parcel 25744D0293/00R003, Wallonia · tallest building 18.0 m, ±5 floors. Linked by address, not a title deed.
101
companies at this address
See who is registered here
1 establishment unit
WORMAK
since 20212.324.185.128
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25744D0293/00R003 | Wallonia | 7,876 m² | 1 · 860 m² | 17.9 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 3,960 companies in sector 43331 we hold annual accounts for 1,787. 1,541 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
Founded09-11-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43331Floor and wall tiling
43211General electrical installation work
43221Plumbing work
43320Joinery installation
43350Other building finishing work
43410Roofing work
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0776963565
Registered
29-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.