SPACE
ActiveSummary
SPACE has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €701,110 and a net result of €722,060. Equity remains stable across the filed fiscal years (±2.2% per year). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability55=
Solvency27▲+1
Growth57=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity tight (current ratio 1.01 against 1.01 in 2024; short-term debt: 98.2% and cash: 41.3% of total assets), and 98.5% of the assets are financed with debt.
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. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
1.5%
Return on assets
1.6%
Age of the figures
9 mo
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
34 d early
2023
21 d early
2022
31 d early
2021
53 d early
2020
47 d early
2019
53 d early
← 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 37 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€141.7m▼ 5.9%
2024 · €150.6m
EBIT margin
0.6%▲ 0.2pp
2024 · 0.4%
Net result
€722,060▲ 13.0%
2024 · €639,042
Working capital
€416,975▲ 52.0%
2024 · €274,398
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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
Turnover€172.1m▲ 19.6%€160.6m▼ 6.7%€146.3m▼ 8.9%€150.6m▲ 3.0%€141.7m▼ 5.9%
Operating result€166,798▲ 19.3%€141,592▼ 15.1%-€142,493€592,086€906,097▲ 53.0%
Net result€17,890within the sector's middle half▲ 1,494%€1,166within the sector's middle half▼ 93.5%-€132,027€639,042€722,060▲ 13.0%
EBIT margin0.1%=0.1%=-0.1%▼ 0.2pp0.4%▲ 0.5pp0.6%▲ 0.2pp
Equity€466,695within the sector's middle half▲ 4.0%€467,861within the sector's middle half▲ 0.2%€335,834▼ 28.2%€508,095▲ 51.3%€701,110▲ 38.0%
Total assets€46.6mabove the sector's middle half▲ 7.3%€45.5mabove the sector's middle half▼ 2.4%€46.2m▲ 1.6%€39.6m▼ 14.4%€46.4m▲ 17.3%
Debt€46.2m▲ 7.4%€45.1m▼ 2.4%€44.6m▼ 0.9%€39.0m▼ 12.6%€45.7m▲ 17.2%
Working capital-€260,219▲ 30.7%-€79,938▲ 69.3%€1.3m€274,398▼ 79.0%€416,975▲ 52.0%
Solvency1.0%below the sector's middle half=1.0%below the sector's middle half=0.7%▼ 0.3pp1.3%▲ 0.6pp1.5%▲ 0.2pp
Staff (FTE)94.4above the sector's middle half▼ 4.9%98.1above the sector's middle half▲ 3.9%88.2▼ 10.1%75.3▼ 14.6%69.4▼ 7.8%
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 53% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €46.4m
Fixed assets
€397,666 ▲ 8.5%
Current assets
€46.0m ▲ 17.4%
Equity and liabilities €46.4m
Equity
€701,110 ▲ 38.0%
Provisions
€0 ▼ 100%
Debt
€45.7m ▲ 17.2%
Debt's share of the balance-sheet total falls from 98.6% to 98.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.1m▲
2024 · €831,279
Cash flow
€896,326▲
2024 · €878,235
Current ratio
1.01▲
2024 · 1.01
Debt to equity
65.22▼
2024 · 76.81
ROE
103.0%▼
2024 · 125.8%
ROA
1.6%▼
2024 · 1.6%
Interest coverage
7.29▼
2024 · 9.81
Debt ≤ 1 year
€45.6m▲
2024 · €38.9m
Income taxes
€336,298▲
2024 · €333,280
Staff costs
€6.2m▼
2024 · €7.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 202 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 99% are still going.
- Medium-sized
- 20 years or older
- solvency under 10%
- a profit under 5% of the balance sheet
0.5%
went bankrupt
0%
stopped otherwise
99%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 202 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €173.1m | €161.2m | €148.2m | €150.7m | €141.8m | ▼ 5.9% |
| Turnover70 | €172.1m | €160.6m | €146.3m | €150.6m | €141.7m | ▼ 5.9% |
| Own construction capitalised72 | - | - | €87,972 | €87,972 | €110,000 | ▲ 25.0% |
| Other operating income74 | €1.0m | €571,741 | €1.9m | €18,070 | €20,131 | ▲ 11.4% |
| Operating charges60/66A | €172.9m | €161.0m | €148.4m | €150.1m | €140.9m | ▼ 6.1% |
| Goods for resale, raw materials and consumables60 | €163.2m | €150.6m | €136.1m | €140.3m | €131.6m | ▼ 6.2% |
| Purchases600/8 | €163.2m | €150.6m | - | - | - | - |
| Services and other goods61 | €2.5m | €3.0m | €3.1m | €3.2m | €3.0m | ▼ 4.6% |
| Remuneration, social security and pensions62 | €6.8m | €7.2m | €7.5m | €7.6m | €6.2m | ▼ 19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €270,395 | €295,937 | €285,194 | €239,193 | €174,266 | ▼ 27.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€19,747 | - | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€6,692 | -€1,722 | €1.2m | -€1.2m | -€35,000 | ▲ 97.1% |
| Other operating charges640/8 | €120,319 | €36,844 | €11,447 | €20,828 | €21,725 | ▲ 4.3% |
| Non-recurring operating charges66A | - | - | €4,645 | - | €300 | - |
| Operating profit (loss)9901 | €166,798 | €141,592 | -€142,493 | €592,086 | €906,097 | ▲ 53.0% |
| Financial income75/76B | €69,445 | €77,626 | - | - | - | - |
| Recurring financial income75 | €69,445 | €77,626 | €155,357 | €464,977 | €300,531 | ▼ 35.4% |
| Other financial income752/9 | €69,445 | €77,626 | €155,357 | €464,977 | €300,531 | ▼ 35.4% |
| Financial charges65/66B | €65,928 | €67,646 | €75,984 | €84,741 | €148,270 | ▲ 75.0% |
| Recurring financial charges65 | €65,928 | €67,646 | €75,984 | €84,741 | €148,270 | ▲ 75.0% |
| Debt charges650 | €65,928 | €58,149 | €75,984 | €84,741 | €148,270 | ▲ 75.0% |
| Other financial charges652/9 | - | €9,498 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €170,316 | €151,571 | -€63,120 | €972,322 | €1.1m | ▲ 8.8% |
| Income taxes67/77 | €152,425 | €150,405 | €68,907 | €333,280 | €336,298 | ▲ 0.9% |
| Taxes670/3 | €152,425 | €183,722 | €68,907 | €333,280 | €336,298 | ▲ 0.9% |
| Tax adjustments and reversals of tax provisions77 | - | €33,317 | - | - | - | - |
| Profit (loss) for the period9904 | €17,890 | €1,166 | -€132,027 | €639,042 | €722,060 | ▲ 13.0% |
| Profit (loss) for the period to be appropriated9905 | €17,890 | €1,166 | -€132,027 | €639,042 | €722,060 | ▲ 13.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €46.6m | €45.5m | €46.2m | €39.6m | €46.4m | ▲ 17.3% |
| Fixed assets21/28 | €849,420 | €699,706 | €523,847 | €366,514 | €397,666 | ▲ 8.5% |
| Intangible fixed assets21 | €338,228 | €277,740 | €248,554 | €218,697 | €250,684 | ▲ 14.6% |
| Tangible fixed assets22/27 | €411,184 | €322,395 | €175,722 | €147,817 | €146,982 | ▼ 0.6% |
| Furniture and vehicles24 | €229,494 | €197,459 | €118,881 | €122,171 | €128,676 | ▲ 5.3% |
| Other tangible fixed assets26 | €181,690 | €124,936 | €56,841 | €25,646 | €18,306 | ▼ 28.6% |
| Financial fixed assets28 | €100,007 | €99,571 | €99,571 | - | - | - |
| Other financial fixed assets284/8 | €100,007 | €99,571 | €99,571 | - | - | - |
| Amounts receivable and cash guarantees285/8 | €100,007 | €99,571 | €99,571 | - | - | - |
| Current assets29/58 | €45.8m | €44.8m | €45.7m | €39.2m | €46.0m | ▲ 17.4% |
| Amounts receivable after more than one year29 | - | €509,510 | €425,510 | €373,437 | €342,584 | ▼ 8.3% |
| Trade receivables290 | - | €509,510 | €425,510 | €373,437 | €342,584 | ▼ 8.3% |
| Amounts receivable within one year40/41 | €44.5m | €38.4m | €38.8m | €32.0m | €26.2m | ▼ 18.2% |
| Trade receivables40 | €44.3m | €38.3m | €38.5m | €31.9m | €26.2m | ▼ 17.9% |
| Other amounts receivable41 | €128,725 | €125,470 | €227,509 | €97,661 | - | - |
| Cash at bank and in hand54/58 | €1.2m | €5.8m | €6.4m | €6.6m | €19.2m | ▲ 190% |
| Deferred charges and accrued income490/1 | €59,816 | €86,167 | €116,891 | €163,421 | €271,604 | ▲ 66.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €46.6m | €45.5m | €46.2m | €39.6m | €46.4m | ▲ 17.3% |
| Equity10/15 | €466,695 | €467,861 | €335,834 | €508,095 | €701,110 | ▲ 38.0% |
| Contributions10/11 | €123,947 | €123,947 | €123,947 | €123,947 | €123,947 | = |
| Capital10 | €123,947 | €123,947 | €123,947 | €123,947 | €123,947 | = |
| Issued capital100 | €123,947 | €123,947 | €123,947 | €123,947 | €123,947 | = |
| Reserves13 | €12,395 | €12,395 | €12,394 | €12,395 | €12,395 | = |
| Non-distributable reserves130/1 | €12,395 | €12,395 | €12,394 | €12,395 | €12,395 | = |
| Legal reserve130 | €12,395 | €12,395 | €12,394 | €12,395 | €12,395 | = |
| Profit (loss) carried forward14 | €330,353 | €331,520 | €199,493 | €371,753 | €564,768 | ▲ 51.9% |
| Provisions and deferred taxes16 | €1,722 | - | €1.2m | €35,000 | - | - |
| Provisions for liabilities and charges160/5 | €1,722 | - | €1.2m | €35,000 | - | - |
| Pensions and similar obligations160 | €1,722 | - | - | - | - | - |
| Other liabilities and charges164/5 | - | - | €1.2m | €35,000 | - | - |
| Amounts payable17/49 | €46.2m | €45.1m | €44.6m | €39.0m | €45.7m | ▲ 17.2% |
| Amounts payable within one year42/48 | €46.0m | €44.9m | €44.4m | €38.9m | €45.6m | ▲ 17.2% |
| Trade debts44 | €43.4m | €41.1m | €37.4m | €33.5m | €42.2m | ▲ 26.1% |
| Suppliers440/4 | €43.4m | €41.1m | €37.4m | €33.5m | €42.2m | ▲ 26.1% |
| Advances received on contracts in progress46 | - | - | €3.4m | €3.4m | €1.4m | ▼ 60.4% |
| Taxes, remuneration and social security45 | €2.7m | €1.6m | €1.6m | €1.8m | €1.5m | ▼ 14.3% |
| Taxes450/3 | €1.9m | €717,096 | €744,257 | €1.0m | €795,767 | ▼ 23.2% |
| Remuneration and social security454/9 | €783,310 | €834,115 | €849,408 | €715,513 | €705,529 | ▼ 1.4% |
| Other amounts payable47/48 | €19,070 | €2.2m | €2.0m | €283,720 | €540,860 | ▲ 90.6% |
| Accrued charges and deferred income492/3 | €120,784 | €151,907 | €250,589 | €97,817 | €113,531 | ▲ 16.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,890 | €1,166 | -€132,027 | €639,042 | €722,060 | ▲ 13.0% |
| + Depreciation and write-downs630 | €270,395 | €295,937 | €285,194 | €239,193 | €174,266 | ▼ 27.1% |
| Operating cash flow (approximation) | €288,286 | €297,103 | €153,167 | €878,235 | €896,326 | ▲ 2.1% |
| Investment in fixed assets (approximation) | - | -€146,223 | -€109,335 | -€81,860 | -€205,418 | ▼ 151% |
| Change in cash | - | €4.6m | €568,738 | €228,785 | €12.6m | ▲ 5,394% |
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
18-09
State Gazette act
Appointment: Srl BDO (statutory auditor)Permanent representative: Cédric Antonelli3 facts ▸
State Gazette act
Appointment: Srl BDO (statutory auditor)
Permanent representative: Cédric Antonelli3 facts ▸
- General meeting, 12-06-2026
- Auditor appointment, Srl BDO (statutory auditor)
- Permanent representative, Cédric Antonelli (representative)
18-09
State Gazette act
Resignation: srl Christian NEVEUX et Associés, Réviseurs d'Entreprises (statutory auditor)2 facts ▸
State Gazette act
Resignation: srl Christian NEVEUX et Associés, Réviseurs d'Entreprises (statutory auditor)
2 facts ▸
- General meeting, 12-06-2026
- Auditor resignation, srl Christian NEVEUX et Associés, Réviseurs d'Entreprises
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €722,060 ▲13%
Operating result €906,097, net result €722,060, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €639,042
Net result €639,042 after one loss-making year.
31-12
Financial
Equity above €500,000Eq €508,095 ▲51.3%
Equity rises from €335,834 to €508,095.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€132,027
Net result drops to -€132,027, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Show earlier events
2020
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
09-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 13 acts read
About the unread acts
Of the 13 Belgian State Gazette acts we know for this company, 2 have been read. The other 11 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
Statutory auditor 1
SRL BDO
CurrentStatutory auditor · since 18-09-2026 · perm. rep.: Cédric Antonelli
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Oudergem · 1 establishment unit since 1987
Ground area
903 m²
Building footprint
430 m²
Volume, LiDAR
4,244 m³
Parcel 21332B0493/00Z030, Brussels · tallest building 21.0 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
SPACE
since 19872.078.076.827
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21332B0493/00Z030 | Brussels | 903 m² | 1 · 430 m² | 21.0 m · 3 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.
Mandate history
1 person since 2026, 1 in office
- Statutory auditor
| Name | Functions and periods |
|---|---|
| SRL BDO |
|
Structure & network
Owners and holdings
3 ownersOwners 3
-
50%
-
50%
-
50%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.
Recognitions · licences · registrations
Legal Entity Identifier
8755007HU2HKW2IUU321
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Identification & contact
Identification
Legal formPublic limited company
Founded30-07-1987
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
73120Media representation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0431666727
Registered
20-11-2020
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.