S-Pace
ActiveSummary
S-Pace has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.9m and a net result of -€105,949. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 74% of 181 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability14▼-5
Solvency91▲+2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity short (current ratio 0.66 against 0.83 in 2024; short-term debt: 32.5% and cash: 0.6% of total assets), and 34.2% of the assets are financed with debt.
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Signals
Seven 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 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% 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
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
65.8%
Return on assets
-3.6%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€105,949
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
57 d early
2023
36 d early
2022
18 d early
2021
36 d early
2020
12 d late
2019
10 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 21 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% 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 26 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#2 employer in Walloon Brabant, Other professional activities sector#4 company by equity in Walloon Brabant, Other professional activities sector#6 company by total assets in Walloon Brabant, Other professional activities sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€105,949▼ 119%
2024 · -€48,310
Working capital
-€328,769▼ 78.1%
2024 · -€184,572
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical 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
Line20212022202320242025
Operating result€83,028€13,664▼ 83.5%€38,142▲ 179%-€8,504-€66,809▼ 686%
Net result€66,792above the sector's middle half€956within the sector's middle half▼ 98.6%€905within the sector's middle half▼ 5.3%-€48,310below the sector's middle half-€105,949below the sector's middle half▼ 119%
Equity€2.1mabove the sector's middle half▲ 3.3%€2.1mabove the sector's middle half=€2.1mabove the sector's middle half=€2.0mabove the sector's middle half▼ 2.3%€1.9mabove the sector's middle half▼ 5.2%
Total assets€2.9mabove the sector's middle half▼ 2.7%€2.8mabove the sector's middle half▼ 4.9%€3.2mabove the sector's middle half▲ 13.7%€3.2mabove the sector's middle half▲ 0.9%€2.9mwithin the sector's middle half▼ 8.5%
Debt€854,486▼ 14.7%€709,933▼ 16.9%€1.1m▲ 53.9%€1.2m▲ 7.1%€1.0m▼ 14.2%
Working capital-€140,825below the sector's middle half▲ 2.4%-€148,121below the sector's middle half▼ 5.2%-€214,175below the sector's middle half▼ 44.6%-€184,572below the sector's middle half▲ 13.8%-€328,769below the sector's middle half▼ 78.1%
Solvency70.9%within the sector's middle half▲ 4.1pp74.6%above the sector's middle half▲ 3.7pp65.7%within the sector's middle half▼ 9.0pp63.5%above the sector's middle half▼ 2.1pp65.8%within the sector's middle half▲ 2.3pp
Current ratio0.80below the sector's middle half=0.77below the sector's middle half▼ 0.030.80below the sector's middle half▲ 0.040.83below the sector's middle half▲ 0.030.66below the sector's middle half▼ 0.18
Return on assets (ROA)2.3%within the sector's middle half▲ 10.6pp0.0%within the sector's middle half▼ 2.2pp0.0%within the sector's middle half=-1.5%within the sector's middle half▼ 1.5pp-3.6%within the sector's middle half▼ 2.1pp
Staff (FTE)12▼ 20.0%10within the sector's middle half▼ 16.7%13.4above the sector's middle half▲ 34.0%13.9above the sector's middle half▲ 3.7%13.7within the sector's middle half▼ 1.4%
above
within
below
the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €66,809 in 2025 against €8,504 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 €2.9m
Fixed assets
€2.3m ▲ 0.7%
Current assets
€625,232 ▼ 31.5%
Equity and liabilities €2.9m
Equity
€1.9m ▼ 5.2%
Debt
€1.0m ▼ 14.2%
Debt's share of the balance-sheet total falls from 36.5% to 34.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€55,670▼
2024 · €9,795
Cash flow
-€94,810▼
2024 · -€30,011
Quick ratio
0.38▼
2024 · 0.60
Debt to equity
0.52▼
2024 · 0.57
ROE
-5.5%▼
2024 · -2.4%
Interest coverage
-1.44▼
2024 · 0.26
Debt ≤ 1 year
€954,000▼
2024 · €1.1m
Debt > 1 year
€50,421▼
2024 · €73,054
Income taxes
€523▼
2024 · €1,704
Staff costs
€662,462▼
2024 · €721,803
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €631,692 | €577,012 | €766,191 | €721,803 | €662,462 | ▼ 8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €100,993 | €68,255 | €15,212 | €18,299 | €11,139 | ▼ 39.1% |
| Other operating charges640/8 | €14,709 | €19,793 | €14,033 | €23,527 | €17,385 | ▼ 26.1% |
| Gross operating margin9900 | €830,422 | €678,724 | €833,578 | €755,125 | €624,177 | ▼ 17.3% |
| Operating profit (loss)9901 | €83,028 | €13,664 | €38,142 | -€8,504 | -€66,809 | ▼ 686% |
| Financial income75/76B | - | - | - | €81 | €3 | ▼ 96.1% |
| Recurring financial income75 | - | - | - | €81 | €3 | ▼ 96.1% |
| Financial charges65/66B | €13,940 | €12,425 | €36,532 | €38,182 | €38,621 | ▲ 1.1% |
| Recurring financial charges65 | €13,940 | €12,425 | €36,532 | €38,182 | €38,621 | ▲ 1.1% |
| Profit (loss) for the period before taxes9903 | €69,088 | €1,239 | €1,610 | -€46,606 | -€105,427 | ▼ 126% |
| Income taxes67/77 | €2,296 | €283 | €704 | €1,704 | €523 | ▼ 69.3% |
| Profit (loss) for the period9904 | €66,792 | €956 | €905 | -€48,310 | -€105,949 | ▼ 119% |
| Profit (loss) for the period to be appropriated9905 | €66,792 | €956 | €905 | -€48,310 | -€105,949 | ▼ 119% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.9m | €2.8m | €3.2m | €3.2m | €2.9m | ▼ 8.5% |
| Fixed assets21/28 | €2.4m | €2.3m | €2.3m | €2.3m | €2.3m | ▲ 0.7% |
| Tangible fixed assets22/27 | €192,649 | €126,344 | €124,325 | €119,524 | €110,080 | ▼ 7.9% |
| Land and buildings22 | €121,711 | €113,261 | €104,527 | €96,077 | €96,077 | = |
| Plant, machinery and equipment23 | €62,929 | €8,795 | €12,709 | €17,832 | €9,861 | ▼ 44.7% |
| Furniture and vehicles24 | €8,009 | €4,288 | €7,089 | €5,615 | €4,142 | ▼ 26.2% |
| Financial fixed assets28 | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | ▲ 1.1% |
| Current assets29/58 | €570,113 | €492,821 | €878,228 | €912,602 | €625,232 | ▼ 31.5% |
| Stocks and contracts in progress3 | €183,128 | €188,128 | €258,761 | €258,761 | €258,761 | = |
| Stocks30/36 | €183,128 | €188,128 | €258,761 | €258,761 | €258,761 | = |
| Amounts receivable within one year40/41 | €352,814 | €273,640 | €581,690 | €605,367 | €334,278 | ▼ 44.8% |
| Trade receivables40 | €275,814 | €262,640 | €291,284 | €178,523 | €207,046 | ▲ 16.0% |
| Other amounts receivable41 | €77,000 | €11,000 | €290,406 | €426,843 | €127,233 | ▼ 70.2% |
| Cash at bank and in hand54/58 | €33,600 | €30,462 | €19,864 | €28,539 | €18,870 | ▼ 33.9% |
| Deferred charges and accrued income490/1 | €571 | €591 | €17,913 | €19,935 | €13,322 | ▼ 33.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.9m | €2.8m | €3.2m | €3.2m | €2.9m | ▼ 8.5% |
| Equity10/15 | €2.1m | €2.1m | €2.1m | €2.0m | €1.9m | ▼ 5.2% |
| Contributions10/11 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Capital10 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Issued capital100 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Reserves13 | - | - | €905 | €905 | €905 | = |
| Non-distributable reserves130/1 | - | - | €905 | €905 | €905 | = |
| Legal reserve130 | - | - | €905 | €905 | €905 | = |
| Profit (loss) carried forward14 | €1.9m | €1.9m | €1.9m | €1.8m | €1.7m | ▼ 5.8% |
| Amounts payable17/49 | €854,486 | €709,933 | €1.1m | €1.2m | €1.0m | ▼ 14.2% |
| Amounts payable after more than one year17 | €135,148 | €67,964 | - | €73,054 | €50,421 | ▼ 31.0% |
| Financial debts170/4 | €135,148 | €67,964 | - | €73,054 | €50,421 | ▼ 31.0% |
| Amounts payable within one year42/48 | €710,938 | €640,942 | €1.1m | €1.1m | €954,000 | ▼ 13.0% |
| Current portion of amounts payable after more than one year42 | €61,652 | €14,501 | €35,249 | €34,356 | €40,281 | ▲ 17.2% |
| Financial debts43 | €607,059 | €578,869 | €669,841 | €465,118 | €516,212 | ▲ 11.0% |
| Credit institutions430/8 | €607,059 | €578,869 | €669,841 | €465,118 | €516,212 | ▲ 11.0% |
| Trade debts44 | €11,968 | €850 | €293,979 | €475,823 | €301,540 | ▼ 36.6% |
| Suppliers440/4 | €11,968 | €850 | €293,979 | €475,823 | €301,540 | ▼ 36.6% |
| Taxes, remuneration and social security45 | €30,259 | €46,722 | €93,334 | €121,878 | €95,967 | ▼ 21.3% |
| Taxes450/3 | €30,259 | €30,179 | €23,006 | €36,673 | €21,144 | ▼ 42.3% |
| Remuneration and social security454/9 | - | €16,543 | €70,328 | €85,205 | €74,823 | ▼ 12.2% |
| Accrued charges and deferred income492/3 | €8,400 | €1,027 | €12 | €70 | €12 | ▼ 82.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €66,792 | €956 | €905 | -€48,310 | -€105,949 | ▼ 119% |
| + Depreciation and write-downs630 | €100,993 | €68,255 | €15,212 | €18,299 | €11,139 | ▼ 39.1% |
| Operating cash flow (approximation) | €167,785 | €69,211 | €16,117 | -€30,011 | -€94,810 | ▼ 216% |
| Investment in fixed assets (approximation) | - | -€1,950 | -€13,192 | -€13,498 | -€26,695 | ▼ 97.8% |
| Change in cash | - | -€3,138 | -€10,598 | €8,676 | -€9,669 | ▼ 211% |
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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
25-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €66,792
Net result €66,792 after 3 loss-making years.
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
31-12
Financial
Weakest financial yearnet -€252,156
Net result drops to -€252,156, the lowest in the series; recovery starts the following year.
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 10 days late
2019
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1 day late
2018
25-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Mont-Saint-Guibert · 1 establishment unit since 2003
Ground area
2,226 m²
Building footprint
2,387 m²
Volume, LiDAR
16,455 m³
Parcel 25068B0760/00L003, Wallonia · tallest building 18.2 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
S-pace
since 20032.133.685.244
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25068B0760/00L003 | Wallonia | 2,226 m² | 1 · 2,387 m² | 18.2 m · 2 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2025 annual accounts of S-Pace and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 1,236 companies in sector 74140 we hold annual accounts for 353. 101 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded06-10-2003
Fiscal year end31-12
Activities, NACEBEL 2025
74140Other specialised design activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0860888955
Also
9925:BE0860888955
Registered
18-06-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.