LABEL ESPACE
ActiveSummary
LABEL ESPACE has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €378k and a net result of €108k. Equity is growing by ~13% per year across the filed fiscal years. Its solvency ranks better than 82% of 9194 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
96
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability96▲+18
Solvency100▲+32
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 2.56 against 0.73 in 2024; short-term debt: 12.3% and cash: 28% of total assets), and 24.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
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
75.9%
Return on assets
21.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 10 filingsDeviation from the deadline
2025
26 d late
2024
37 d early
2023
2 d late
2022
6 d early
2021
16 d late
2020
4 d early
2019
31 d late
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€378k▲ 39.7%
2024 · €271k
2018: €152k
2019: €165k
2020: €195k
2021: €258k
2022: €264k
2023: €225k
2024: €271k
2018 → 2025
Total assets
€498k▼ 20.0%
2024 · €623k
2018: €473k
2019: €534k
2020: €614k
2021: €649k
2022: €727k
2023: €661k
2024: €623k
2018 → 2025
Net result
€108k▲ 137%
2024 · €45k
2018: €8k
2019: €14k
2020: €29k
2021: €63k
2022: €6k
2023: €-39k
2024: €45k
2018 → 2025
Working capital
€96k
2024 · €-29k
2018: €11k
2019: €4k
2020: €-10k
2021: €60k
2022: €-69k
2023: €-78k
2024: €-29k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€258k-€264k▲ 2.4%€225k▼ 14.7%€271k▲ 20.1%€378k▲ 39.7%
Operating result€94k-€11k▼ 87.8%€-33k€59k€151k▲ 157%
Net result€63k-€6k▼ 90.1%€-39k€45k€108k▲ 137%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 157% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €498k
Fixed assets
€342k ▼ 37.2%
Current assets
€157k ▲ 97.5%
Equity and liabilities €498k
Equity
€378k ▲ 39.7%
Provisions
€0 ▼ 100%
Debt
€120k ▼ 63.5%
Debt's share of the balance-sheet total falls from 52.7% to 24.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€234k▲
2024 · €114k
Cash flow
€191k▲
2024 · €100k
Current ratio
2.56▲
2024 · 0.73
Debt to equity
0.32▼
2024 · 1.21
ROE
28.4%▲
2024 · 16.8%
ROA
21.6%▲
2024 · 7.3%
Interest coverage
35.95▲
2024 · 21.94
Debt ≤ 1 year
€61k▼
2024 · €109k
Debt > 1 year
€59k▼
2024 · €220k
Income taxes
€61k▲
2024 · €9k
Staff costs
€13k▲
2024 · €13k
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 · 59 lines
Balance sheet
Code20242025
Assets
Total assets20/58€623k€498k▼
Fixed assets21/28€544k€342k▼
Intangible fixed assets21€13k-
Tangible fixed assets22/27€530k€341k▼
Land and buildings22€345k€184k▼
Plant, machinery and equipment23€148k€76k▼
Furniture and vehicles24€37k€80k▲
Financial fixed assets28€815€815=
Current assets29/58€79k€157k▲
Amounts receivable within one year40/41€14k€14k▼
Trade receivables40€842€13k▲
Other amounts receivable41€14k€873▼
Cash at bank and in hand54/58€60k€139k▲
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€623k€498k▼
Equity10/15€271k€378k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€250k€229k▼
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Tax-exempt reserves132€71k-
Distributable reserves133€177k€227k▲
Profit (loss) carried forward14€2k€131k▲
Provisions and deferred taxes16€24k-
Deferred taxes168€24k-
Amounts payable17/49€328k€120k▼
Amounts payable after more than one year17€220k€59k▼
Financial debts170/4€220k€57k▼
Other amounts payable178/9-€1k
Amounts payable within one year42/48€109k€61k▼
Current portion of amounts payable after more than one year42€33k€39k▲
Trade debts44€7k-
Suppliers440/4€7k-
Taxes, remuneration and social security45€8k€18k▲
Taxes450/3€2k€13k▲
Remuneration and social security454/9€7k€5k▼
Other amounts payable47/48€60k€4k▼
Income statement
Code20242025
Remuneration, social security and pensions62€13k€13k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€55k€83k▲
Other operating charges640/8€4k€4k▲
Non-recurring operating charges66A-€1k
Gross operating margin9900€130k€253k▲
Operating profit (loss)9901€59k€151k▲
Financial income75/76B€31€611▲
Recurring financial income75€31€611▲
Financial charges65/66B€5k€7k▲
Recurring financial charges65€5k€7k▲
Profit (loss) for the period before taxes9903€54k€145k▲
Transfer from deferred taxes780€934€24k▲
Income taxes67/77€9k€61k▲
Profit (loss) for the period9904€45k€108k▲
Transfer from tax-exempt reserves789€3k€71k▲
Profit (loss) for the period to be appropriated9905€48k€179k▲
Appropriation of the result
Profit (loss) to be appropriated9906€12k€181k▲
Profit (loss) brought forward from the previous period14P€-36k€2k▲
Transfer to equity691/2€10k€50k▲
To other reserves6921€10k€50k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
31-12
Financial
Highest result since 2018net €108k ▲137%
Operating result €151k, net result €108k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 2.56
Current ratio from 0.73 to 2.56; short-term debt falls from €109k to €61k.
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €45k
Net result €45k after one loss-making year.
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
2023
31-12
Financial
Weakest financial yearnet €-39k ▼724%
Net result drops to €-39k, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
31-12
Financial
Equity above €200kEq €258k ▲32.5%
4 profitable years in a row build equity to €258k.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
Show earlier events
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 9 days late
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Bernissart · 1 establishment unit since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de Blaton(BER) 47320 BernissartGround area
4,769 m²
Building footprint
191 m²
Parcel 51009A0293/00D002, Wallonia. Linked by address, not a title deed.
1 establishment unit
ILE
since 20142.261.947.552
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51009A0293/00D002 | Wallonia | 4,769 m² | 1 · 191 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
PERIM
BE 0451.696.930
Enghien · Eq €378,505
CHRISTOPHE ACKERMANS
BE 0882.342.583
Wezembeek-Oppem · Eq €378,518
Groupe DECA Holding
BE 0811.432.516
Braine-l'Alleud · Eq €377,721
LOUMAX
BE 0555.953.421
Oudenaarde · Eq €377,668
DELABRIEK
BE 0820.929.608
Gent · Eq €377,475
Of 11,747 companies in sector 68310 we hold annual accounts for 6,905. 4,806 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-01-1997
Fiscal year end31-12
Abbreviation FR
I.L.E.
Trade name FR
ARBOROM
Activities, NACEBEL 2025
02200Logging
68310Real estate agency activities
02100Forestry and logging
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0479/759353