SPACE CAR
ActiveSummary
SPACE CAR has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€187,076) and a net result of €35,157. Equity is shrinking by ~19.4% per year across the filed fiscal years. Its solvency ranks better than 13% of 11472 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+73
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.01 against 0.03 in 2024; short-term debt: 51.4% and cash: 0.5% of total assets), and equity is negative.
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Signals
Six 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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
-36.1%
Return on assets
6.8%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 11472 sector peers (2025).
NBB · sector comparisonPosition among 11472 sector peers
Solvency
better than 13%
← 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 28-01-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
42 d early
2023
12 d early
2022
40 d early
2021
52 d early
2020
2 d early
2019
62 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 30 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€187,076▲ 15.8%
2024 · -€222,233
Total assets
€518,178▼ 5.4%
2024 · €547,944
Net result
€35,157
2024 · -€62,707
Working capital
-€262,651▲ 11.4%
2024 · -€296,570
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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€9,507▲ 89.2%-€23,639-€31,030▼ 31.3%-€53,550▼ 72.6%€40,528
Net result€506within the sector's middle half-€34,179below the sector's middle half-€41,274below the sector's middle half▼ 20.8%-€62,707below the sector's middle half▼ 51.9%€35,157above the sector's middle half
Equity-€84,073below the sector's middle half▲ 0.6%-€118,252below the sector's middle half▼ 40.7%-€159,526below the sector's middle half▼ 34.9%-€222,233below the sector's middle half▼ 39.3%-€187,076below the sector's middle half▲ 15.8%
Total assets€630,049above the sector's middle half▼ 6.4%€591,398above the sector's middle half▼ 6.1%€577,951above the sector's middle half▼ 2.3%€547,944above the sector's middle half▼ 5.2%€518,178above the sector's middle half▼ 5.4%
Debt€589,993▼ 6.2%€589,267▼ 0.1%€620,839▲ 5.4%€657,284▲ 5.9%€596,107▼ 9.3%
Working capital-€153,291=-€187,859▼ 22.6%-€233,166▼ 24.1%-€296,570▼ 27.2%-€262,651▲ 11.4%
Solvency-13.3%below the sector's middle half▼ 0.8pp-20.0%below the sector's middle half▼ 6.7pp-27.6%below the sector's middle half▼ 7.6pp-40.6%below the sector's middle half▼ 13.0pp-36.1%below the sector's middle half▲ 4.5pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
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: €40,528 after a loss of €53,550 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €518,178
Fixed assets
€514,300 ▼ 4.8%
Current assets
€3,878 ▼ 50.4%
Key figures and ratios
EBITDA
€66,351▲
2024 · -€27,728
Cash flow
€60,979▲
2024 · -€36,885
Current ratio
0.01▼
2024 · 0.03
Debt to equity
-3.19▼
2024 · -2.96
ROA
6.8%▲
2024 · -11.4%
Interest coverage
7.28▲
2024 · -2.15
Debt ≤ 1 year
€266,529▼
2024 · €304,392
Debt > 1 year
€329,578▼
2024 · €352,893
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 317 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 92% are still going.
- Small
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
1.3%
went bankrupt
4.1%
stopped otherwise
92%
still going
A further 2.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
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 317 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,085 | €25,085 | €25,645 | €25,823 | €25,823 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €570 | - |
| Other operating charges640/8 | - | - | €6,070 | €1,605 | €7,216 | ▲ 350% |
| Gross operating margin9900 | €35,982 | €1,446 | €684 | -€26,122 | €74,137 | ▲ 384% |
| Operating profit (loss)9901 | €9,507 | -€23,639 | -€31,030 | -€53,550 | €40,528 | ▲ 176% |
| Financial income75/76B | - | - | €4 | - | €0 | - |
| Recurring financial income75 | - | - | €4 | - | €0 | - |
| Financial charges65/66B | - | €14,285 | €13,993 | €12,902 | €9,117 | ▼ 29.3% |
| Recurring financial charges65 | €12,767 | €14,285 | €13,993 | €12,902 | €9,117 | ▼ 29.3% |
| Profit (loss) for the period before taxes9903 | -€3,926 | -€37,925 | -€45,019 | -€66,453 | €31,411 | ▲ 147% |
| Transfer from deferred taxes780 | - | €3,745 | €3,745 | €3,745 | €3,745 | = |
| Profit (loss) for the period9904 | €506 | -€34,179 | -€41,274 | -€62,707 | €35,157 | ▲ 156% |
| Transfer from tax-exempt reserves789 | - | €11,236 | €11,236 | €11,236 | €11,236 | = |
| Profit (loss) for the period to be appropriated9905 | €11,056 | -€22,943 | -€30,038 | -€51,471 | €46,393 | ▲ 190% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €630,049 | €591,398 | €577,951 | €547,944 | €518,178 | ▼ 5.4% |
| Fixed assets21/28 | €612,987 | €587,902 | €565,945 | €540,122 | €514,300 | ▼ 4.8% |
| Tangible fixed assets22/27 | €612,863 | €587,778 | €565,821 | €539,998 | €514,176 | ▼ 4.8% |
| Land and buildings22 | - | €587,778 | €562,693 | €537,608 | €512,523 | ▼ 4.7% |
| Furniture and vehicles24 | - | - | €3,128 | €2,390 | €1,653 | ▼ 30.9% |
| Financial fixed assets28 | €124 | €124 | €124 | €124 | €124 | = |
| Current assets29/58 | €17,062 | €3,496 | €12,007 | €7,822 | €3,878 | ▼ 50.4% |
| Amounts receivable within one year40/41 | €2,304 | €676 | €962 | €959 | €1,507 | ▲ 57.1% |
| Trade receivables40 | - | €570 | €570 | €570 | - | - |
| Other amounts receivable41 | - | €106 | €392 | €389 | €1,507 | ▲ 287% |
| Cash at bank and in hand54/58 | €11,610 | €2,820 | €11,045 | €6,863 | €2,371 | ▼ 65.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €630,049 | €591,398 | €577,951 | €547,944 | €518,178 | ▼ 5.4% |
| Equity10/15 | -€84,073 | -€118,252 | -€159,526 | -€222,233 | -€187,076 | ▲ 15.8% |
| Contributions10/11 | - | €32,000 | €32,000 | €32,000 | €32,000 | = |
| Reserves13 | €238,662 | €227,426 | €216,190 | €204,954 | €193,718 | ▼ 5.5% |
| Non-distributable reserves130/1 | - | €961 | €961 | €961 | €961 | = |
| Reserves not available under the articles1311 | - | €961 | €961 | €961 | €961 | = |
| Tax-exempt reserves132 | - | €225,939 | €214,703 | €203,467 | €192,231 | ▼ 5.5% |
| Distributable reserves133 | - | €526 | €526 | €526 | €526 | = |
| Profit (loss) carried forward14 | -€354,735 | -€377,678 | -€407,716 | -€459,187 | -€412,795 | ▲ 10.1% |
| Provisions and deferred taxes16 | €124,128 | €120,383 | €116,638 | €112,892 | €109,147 | ▼ 3.3% |
| Deferred taxes168 | - | €120,383 | €116,638 | €112,892 | €109,147 | ▼ 3.3% |
| Amounts payable17/49 | €589,993 | €589,267 | €620,839 | €657,284 | €596,107 | ▼ 9.3% |
| Amounts payable after more than one year17 | €419,641 | €397,912 | €375,666 | €352,893 | €329,578 | ▼ 6.6% |
| Financial debts170/4 | - | €397,912 | €375,666 | €352,893 | €329,578 | ▼ 6.6% |
| Amounts payable within one year42/48 | €170,353 | €191,356 | €245,173 | €304,392 | €266,529 | ▼ 12.4% |
| Current portion of amounts payable after more than one year42 | - | €61,729 | €62,245 | €62,774 | €23,315 | ▼ 62.9% |
| Trade debts44 | €96,582 | €86,376 | €78,921 | €69,612 | €126,083 | ▲ 81.1% |
| Suppliers440/4 | - | €86,376 | €78,921 | €69,612 | €126,083 | ▲ 81.1% |
| Advances received on contracts in progress46 | - | - | €40,000 | €100,000 | - | - |
| Taxes, remuneration and social security45 | - | €1,300 | €1,300 | €1,300 | €1,825 | ▲ 40.4% |
| Taxes450/3 | - | €1,300 | €1,300 | €1,300 | €1,825 | ▲ 40.4% |
| Other amounts payable47/48 | - | €41,951 | €62,707 | €70,707 | €115,307 | ▲ 63.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €506 | -€34,179 | -€41,274 | -€62,707 | €35,157 | ▲ 156% |
| + Depreciation and write-downs630 | €25,085 | €25,085 | €25,645 | €25,823 | €25,823 | = |
| Operating cash flow (approximation) | €25,591 | -€9,094 | -€15,629 | -€36,885 | €60,979 | ▲ 265% |
| Investment in fixed assets (approximation) | - | €0 | -€3,688 | €0 | €0 | - |
| Change in cash | - | -€8,789 | €8,224 | -€4,182 | -€4,491 | ▼ 7.4% |
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
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €35,157
Net result €35,157 after 3 loss-making years.
2024
20-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Weakest financial yearnet -€62,707
Net result drops to -€62,707, the lowest in the series; recovery starts the following year.
19-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
10-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Back to profitnet €506
Net result €506 after 2 loss-making years.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
22-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
13-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Tournai · 1 establishment unit since 1997
Ground area
2,771 m²
Building footprint
462 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
SPACE CAR
since 19972.080.548.446
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57463L0290/00F000 | Wallonia | 1,965 m² | 1 · 462 m² | - |
| 51004A0168/00F003indicative | Wallonia | 806 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,136 companies in sector 46130 we hold annual accounts for 647. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-01-1997
Fiscal year end30-06
Activities, NACEBEL 2025
46130Agents in the wholesale of timber and building materials
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0459740408
Also
9925:BE0459740408
Registered
08-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.