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SPACE APPLICATIONS SERVICES

Active
Public limited companyfounded 198739 yrs activeLeuvensesteenweg 325, 1932 Zaventem, BelgiumKBO/BCE: BE 0431.666.826
Summary

SPACE APPLICATIONS SERVICES has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12.5m and a net result of €980,665. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 40% of 193 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
SPACE APPLICATIONS SERVICESActiveChecked score 96/100
Risk analysis ReportCompare

Overview

Activity
Other professional, scientific and technical activities
NACE 74999Engineering and related technical consultancy, excluding land surveyors NACE 71121NACE 74203
#1 employer in Flemish Brabant, Other professional activities sector1 site
Size
€22.2mturnover 2025
Staff
91.3 FTE
Equity
€12.5m
Profit
€980,665
Financial health
96 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Parent
SPACE ARE · 85%
Holdings
2
Accounts on time1 of 15 deeds read
Why 96- 1 of the last 3 late+ Size: turnover €22.2m, 91.3 FTE, total assets €36.8m+ Founded in 1987+ Sector Other professional, scientific and technical activities (NACE 74)Show the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Better than 65% of its sector peers (NACE 74)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 59-3
equity 34.0% of total assets
Liquidity 53+11
short-term debt 20.8% · cash 7.6%
Profitability 66-13
return on assets 2.7%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (23 companies)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● 0.0% vs 11-2024 01-2025: < 0.1%● 0.0% vs 12-2024 02-2025: < 0.1%● 0.0% vs 01-2025 03-2025: < 0.1%▼ -3.0% vs 02-2025lowest value 04-2025: < 0.1%● 0.0% vs 03-2025lowest value 05-2025: < 0.1%● 0.0% vs 04-2025lowest value 06-2025: < 0.1%● 0.0% vs 05-2025lowest value 07-2025: < 0.1%▲ +6.3% vs 06-2025 08-2025: < 0.1%▲ +47.1% vs 07-2025 09-2025: < 0.1%● 0.0% vs 08-2025 10-2025: < 0.1%● 0.0% vs 09-2025 11-2025: < 0.1%● 0.0% vs 10-2025 12-2025: < 0.1%● 0.0% vs 11-2025 01-2026: < 0.1%● 0.0% vs 12-2025 02-2026: < 0.1%▼ -2.0% vs 01-2026 03-2026: < 0.1%▼ -2.0% vs 02-2026 04-2026: < 0.1%▼ -2.1% vs 03-2026 05-2026: < 0.1%▲ +2.1% vs 04-2026 06-2026: < 0.1%● 0.0% vs 05-2026 07-2026: < 0.1%▲ +2.1% vs 06-2026 08-2026: 0.1%▲ +89.8% vs 07-2026highest value 09-2026: 0.1%● 0.0% vs 08-2026highest value 10-2026: 0.1%● 0.0% vs 09-2026highest value
  • Size: turnover €22.2m, 91.3 FTE, total assets €36.8m lowers the probability for this profile
  • Founded in 1987 lowers the probability for this profile
  • 1 of the last 3 late raises the probability
  • Sector Other professional, scientific and technical activities (NACE 74) lowers the probability
Credit up to €1,200,000 at 30 days acceptable
Liquidity ample (current ratio 1.66 against 1.43 in 2024; short-term debt: 20.8% and cash: 7.6% of total assets), but 66% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 74). Better than this share of them on solvency 36%, liquidity 69%, profitability 64%, growth against the median 92%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: turnover €22.2m, 91.3 FTE, total assets €36.8m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Founded in 1987
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · 1 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Sector Other professional, scientific and technical activities (NACE 74)
In the bankruptcy model this factor lowers the probability.
KBO
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €12.5m
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
on the day
2024
6 d early
2023
31 d late
2022
31 d early
2021
79 d early
2020
8 d early
2019
7 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 12 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 25 July (4 of the last 5 filed years within 38 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Statutes amendmentIncorporation · Auditor report ·…
  2. Annual accounts filedfiscal year 2025 · full…
  3. Equity above €10mEq €12.5m ▲176%

Key points

  • Positive: Equity rose in 2025from €4.5m to €12.5m ▲ 176% View
  • Positive: Employer in Flemish Brabant, Other professional activities sectorin the Checked rankings #1 View
  • Positive: 8 profitable years in a rowprofit 2025: €980,665 8 years View
  • Controlled by SPACE AREultimately: ROBELGA 85% View
  • EU research moneyEU contribution €30.2m View

By topic

Financials

Fiscal year
2025
Turnover
€22.2m
Profit
€980,665
Solvency
34.0%
Turnover▲ 25.9%
Net result
20182025
Go to Financials

Timeline

Events
14
Since
2017
Next accounts
by 31-07-2027
  1. 18-08-2026Statutes amendment
  2. 31-07-2026Annual accounts filed
  3. 31-12-2025Equity above €10m
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Other professional, scientific and technical activitiesNACE 74999
Founded
28-07-1987
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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