SPACE 3
ActiveSPACE 3 has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €159k and a net result of €-51k. Equity is growing by ~31.1% per year across the filed fiscal years. Its solvency ranks better than 24% of 417 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability33▲+33
Solvency10▼-3
Growth52=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days only on tighter terms
Liquidity short (current ratio 0.69 against 0.73 in 2024), and 91.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 93
Relative position
BE, all sectors
reference
Sector 93
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
8.9%
Return on assets
-2.9%
Age of the figures
14 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
18192022232425
2018 to 2025 · latest year -€51k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 417 sector peers (2025).
NBB · sector comparisonPosition among 417 sector peers
Solvency
better than 24%
← 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 11-12-2025, 51 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
51 d early
2024
34 d early
2023
120 d early
2022
50 d early
2020
23 d early
2019
68 d late
2018
19 d late
← 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 close13-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€155k
2020 · €0
2018: €0
2019: €0
2020: €0
2018 → 2025
EBIT margin
-24.2%
Net result
€-51k▲ 41.7%
2024 · €-88k
2018: €9k
2019: €19k
2020: €12k
2022: €11k
2023: €-88k
2024: €-88k
2018 → 2025
Working capital
€-19k▲ 39.9%
2024 · €-32k
2018: €22k
2019: €26k
2020: €-9k
2022: €-65k
2023: €-24k
2024: €-32k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202022202320242025Trend
Turnover€0-€155k
Equity€53k-€63k▲ 20.6%€293k▲ 361%€211k▼ 28.0%€159k▼ 24.3%
Operating result€17k-€36k▲ 107%€-50k€-73k▼ 47.3%€-38k▲ 48.5%
Net result€12k-€11k▼ 6.1%€-88k€-88k▼ 0.2%€-51k▲ 41.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €38k in 2025 against €73k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.79M
Fixed assets
€1.75M▲ 11.1%
Current assets
€43k▼ 50.6%
Equity and liabilities €1.79M
Equity
€159k▼ 24.3%
Debt
€1.63M▲ 12.5%
The debt ratio rises from 87.3% to 91.1%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€103k▲
2024 · €48k
Cash flow
€89k▲
2024 · €33k
Solvency
8.9%▼
2024 · 12.7%
Current ratio
0.69▼
2024 · 0.73
Quick ratio
0.69▼
2024 · 0.73
Debt / equity
10.24▲
2024 · 6.88
ROE
-32.2%▲
2024 · -41.8%
ROA
-2.9%▲
2024 · -5.3%
Interest coverage
7.50▲
2024 · 3.18
Debt
€1.63M▲
2024 · €1.45M
Debt ≤ 1 year
€62k▼
2024 · €119k
Debt > 1 year
€1.57M▲
2024 · €1.33M
Staff costs
€3k
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€1.66M€1.79M▲
Fixed assets21/28€1.57M€1.75M▲
Tangible fixed assets22/27€1.57M€1.75M▲
Land and buildings22€1.30M€1.39M▲
Plant, machinery and equipment23€162k€269k▲
Furniture and vehicles24€114k€88k▼
Financial fixed assets28€445€272▼
Current assets29/58€87k€43k▼
Amounts receivable within one year40/41€67k€843▼
Trade receivables40€67k€843▼
Other amounts receivable41€278-
Cash at bank and in hand54/58€18k€40k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€1.66M€1.79M▲
Equity10/15€211k€159k▼
Contributions10/11€20k€20k=
Revaluation surpluses12€293k€293k=
Reserves13€69k€69k=
Distributable reserves133€69k€69k=
Profit (loss) carried forward14€-172k€-223k▼
Amounts payable17/49€1.45M€1.63M▲
Amounts payable after more than one year17€1.33M€1.57M▲
Financial debts170/4€858k€806k▼
Other amounts payable178/9€473k€764k▲
Amounts payable within one year42/48€119k€62k▼
Current portion of amounts payable after more than one year42€54k€58k▲
Trade debts44€65k€804▼
Suppliers440/4€65k€804▼
Taxes, remuneration and social security45-€4k
Taxes450/3-€3k
Remuneration and social security454/9-€938
Accrued charges and deferred income492/3€29€137▲
Income statement
Code20242025
Turnover70-€155k
Goods, raw materials, services and sundry goods60/61-€41k
Remuneration, social security and pensions62-€3k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€121k€141k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€22k-
Other operating charges640/8€2k€2k▲
Non-recurring operating charges66A€18k€6k▼
Gross operating margin9900€89k€115k▲
Operating profit (loss)9901€-73k€-38k▲
Financial income75/76B€5€0▼
Recurring financial income75€5€0▼
Financial charges65/66B€15k€14k▼
Recurring financial charges65€15k€14k▼
Non-recurring financial charges66B-€3
Profit (loss) for the period before taxes9903€-88k€-51k▲
Profit (loss) for the period9904€-88k€-51k▲
Profit (loss) for the period to be appropriated9905€-88k€-51k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-172k€-223k▼
Profit (loss) brought forward from the previous period14P€-84k€-172k▼
Social balance
Average headcount (FTE)9087-0.3
The notes to these accounts (21 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
11-12
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
28-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
30-06
Financial
Weakest financial yearnet €-88k
Net result drops to €-88k, the lowest in the series; recovery starts the following year.
2023
03-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Equity above €200kEq €293k ▲361%
Equity rises from €63k to €293k.
2022
12-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 68 days late
2019
31-12
Financial
Highest result since 2018net €19k ▲109%
Net result €19k, the highest in the series.
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 directors, no change since 2023
Benoit Andrianne
CurrentManaging director · since 30-10-2023
Camille Mernier
CurrentManaging director · since 30-10-2023
30-10-2023
Benoit Andrianne: Appointed as Managing director
30-10-2023
Camille Mernier: Appointed as Managing director
30-10-2023
Anne Catherine Clerisse: Resigned as Managing director
30-10-2023
Christophe Germain: Resigned as Managing director
Location & real-estate footprint
Registered office, Gesves · 1 establishment unit since 2017
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 Space 35340 GesvesGround area
1,942 m²
Building footprint
81 m²
Parcel 92054C0190/00A000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue de Space 3, 5340 Gesves
since 20172.267.037.775
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92054C0190/00A000 | Wallonia | 1,942 m² | 1 · 81 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
PAVARAN
BE 0833.278.005
Zandhoven · Eq €158k
SB EQUESTRIAN SERVICES
BE 0711.984.849
Brussel · Eq €163k
AMERYS
BE 0812.031.144
Maldegem · Eq €165k
PRESTIGE INVEST
BE 0521.947.102
Peer · Eq €150k
Les Ecuries d'Ardenelle
BE 0876.674.122
Gembloux · Eq €172k
Of 823 companies in sector 93127 we hold annual accounts for 192. 132 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-07-2017
Fiscal year end30-06
Activities, NACEBEL
93127Equestrian clubs
01430Raising of horses and other equines
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.