NORDIC SPACES
ActiveNORDIC SPACES has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-163k) and a net result of €22k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 17022 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.12 against 0.06 in 2024; short-term debt: 469.5% and cash: 44% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Nine 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← 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
-397.8%
Return on assets
54.2%
Age of the figures
15 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 17022 sector peers (2025).
NBB · sector comparisonPosition among 17022 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 16-09-2025, 137 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
137 d early
2024
3 d early
2023
44 d early
2022
204 d early
2021
42 d early
2020
32 d early
2019
23 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
30-06-2026 close21-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-163k▲ 12.0%
2024 · €-185k
2019: €-11k
2020: €-5k
2021: €-1k
2022: €974
2023: €-113k
2024: €-185k
2019 → 2025
Total assets
€41k▲ 44.4%
2024 · €28k
2019: €7k
2020: €9k
2021: €7k
2022: €9k
2023: €61k
2024: €28k
2019 → 2025
Net result
€22k
2024 · €-72k
2019: €-3k
2020: €6k
2021: €4k
2022: €2k
2023: €-114k
2024: €-72k
2019 → 2025
Working capital
€-169k▲ 9.9%
2024 · €-188k
2019: €-17k
2020: €-11k
2021: €-7k
2022: €-5k
2023: €-161k
2024: €-188k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-1k-€974€-113k€-185k▼ 63.4%€-163k▲ 12.0%
Operating result€4k-€2k▼ 53.5%€-114k€-69k▲ 39.4%€25k
Net result€4k-€2k▼ 53.2%€-114k€-72k▲ 37.1%€22k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €25k after a loss of €69k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €41k
Fixed assets
€18k▲ 15.0%
Current assets
€23k▲ 81.0%
Key figures and ratios
EBITDA
€29k▲
2024 · €-66k
Cash flow
€26k▲
2024 · €-69k
Solvency
-397.8%▲
2024 · -652.5%
Current ratio
0.12▲
2024 · 0.06
Quick ratio
0.12▲
2024 · 0.06
Debt / equity
-1.25▼
2024 · -1.15
ROA
54.2%▲
2024 · -253.3%
Interest coverage
8.80▲
2024 · -24.49
Debt
€204k▼
2024 · €213k
Debt ≤ 1 year
€192k▼
2024 · €201k
Debt > 1 year
€12k▼
2024 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€28k€41k▲
Fixed assets21/28€16k€18k▲
Tangible fixed assets22/27€16k€18k▲
Land and buildings22€15k€17k▲
Plant, machinery and equipment23€1k€738▼
Current assets29/58€13k€23k▲
Amounts receivable within one year40/41€11k€5k▼
Trade receivables40€11k€5k▼
Current investments50/53€1€103▲
Cash at bank and in hand54/58€1k€18k▲
Equity and liabilities
Total equity and liabilities10/49€28k€41k▲
Equity10/15€-185k€-163k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Profit (loss) carried forward14€-247k€-224k▲
Amounts payable17/49€213k€204k▼
Amounts payable after more than one year17€13k€12k▼
Other amounts payable178/9€13k€12k▼
Amounts payable within one year42/48€201k€192k▼
Trade debts44€23k€12k▼
Suppliers440/4€23k€12k▼
Taxes, remuneration and social security45€2k€4k▲
Taxes450/3€2k€4k▲
Other amounts payable47/48€176k€176k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Other operating charges640/8€20k€19k▼
Gross operating margin9900€-46k€47k▲
Operating profit (loss)9901€-69k€25k▲
Financial income75/76B€60€18▼
Recurring financial income75€60€18▼
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€-72k€22k▲
Profit (loss) for the period9904€-72k€22k▲
Profit (loss) for the period to be appropriated9905€-72k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-247k€-224k▲
Profit (loss) brought forward from the previous period14P€-175k€-247k▼
The notes to these accounts (7 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
2025
16-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Back to profitnet €22k
Net result €22k after 2 loss-making years.
28-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
18-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Weakest financial yearnet €-114k ▼5847%
Net result drops to €-114k, the lowest in the series; recovery starts the following year.
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
30-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
08-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
07-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
11-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
16-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Brussel · 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.
Palmerstonlaan 31000 BrusselGround area
340 m²
Building footprint
249 m²
Volume, LiDAR
4,206 m³
Parcel 21806F0172/00S000, Brussels · tallest building 21.3 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
NORDIC SPACES PALMERSTON
since 20142.231.009.797
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21806F0172/00S000 ProtectedMonumentDeprez-Van De Veldehuis |
Brussels | 340 m² | 1 · 249 m² | 21.3 m · 6 fl. |
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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 3,211 companies in sector 62900 we hold annual accounts for 1,741. 176 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-03-2014
Fiscal year end30-06
Activities, NACEBEL
62900Other information technology and computer services
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
4 entriesWebsite:www.nordic-spaces.eu
E-mail:info@nordic-spaces.eu
E-mail:sonny@soewarta.eu
Phone:0479 286 219