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SPACE GRIP

Active
Private limited companyfounded 20233 yrs activeFranz Merjaystraat 120, 1050 Elsene, BelgiumKBO/BCE: BE 0801.791.409
Summary

The computed 12-month bankruptcy probability of SPACE GRIP is 1.9% (moderate). The 2025 annual accounts show equity of €40,757 and a net result of -€3,374. Equity is growing by ~27.8% per year across the filed fiscal years. Its solvency ranks better than 64% of 1540 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability62▼-38
Solvency87▲+6
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 1.74 against 1.79 in 2024; short-term debt: 37.6% and cash: 40.5% of total assets), and 37.6% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 59
Relative position
BE, all sectors
reference
Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59)
about 37% fewer 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 2025
Solvency, return and age of the figures
Solvency
62.4%
Return on assets
-5.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-09-2026, 35 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filings
Deviation from the deadline
2025
35 d late
2024
26 d late
2023
7 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 18 days after the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% 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 months
Position in the running window
27-09-2026 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

History

SPACE GRIP was incorporated on 15 May 2023 as a Private limited company.1 Total assets rose from EUR 53,065 in 2023 to EUR 65,274 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, micro schema

Turnover
€92,374
EBIT margin
11.7%
Net result
-€3,374
2024 · €26,031
Working capital
€18,059▼ 34.6%
2024 · €27,611
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 59, Motion picture, video and television programme production, sound recording and music publishing 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
Line202320242025
Turnover€92,374-
Operating result€10,820-€33,780▲ 212%-€2,775
Net result€8,100within the sector's middle half-€26,031within the sector's middle half▲ 221%-€3,374within the sector's middle half
EBIT margin11.7%-
Equity€18,100within the sector's middle half-€44,131within the sector's middle half▲ 144%€40,757within the sector's middle half▼ 7.6%
Total assets€53,065within the sector's middle half-€79,270below the sector's middle half▲ 49.4%€65,274within the sector's middle half▼ 17.7%
Debt€34,965-€35,139▲ 0.5%€24,517▼ 30.2%
Working capital€12,438-€27,611▲ 122%€18,059▼ 34.6%
Solvency34.1%within the sector's middle half-55.7%within the sector's middle half▲ 21.6pp62.4%within the sector's middle half▲ 6.8pp
above within below the middle half (P25 to P75) of NACE 59, Motion picture, video and television programme production, sound recording and music publishing activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€10,000€0€10,000€20,000€30,000Operating result 2023: €10,820€10,820Net result 2023: €8,100€8,100Operating result 2024: €33,780€33,780Net result 2024: €26,031€26,031Operating result 2025: -€2,775-€2,775Net result 2025: -€3,374-€3,374202320242025-€10,000€0€10,000€20,000€30,000Operating result 2023: €10,820€10,800Net result 2023: €8,100€8,100Operating result 2024: €33,780€33,800Net result 2024: €26,031€26,000Operating result 2025: -€2,775-€2,780Net result 2025: -€3,374-€3,370202320242025
The operating result turns negative in 2025: a loss of €2,775 after €33,780 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €65,274
Fixed assets €22,698 ▲ 37.4%
Current assets €42,577 ▼ 32.1%
Equity and liabilities €65,274
Equity €40,757 ▼ 7.6%
Debt €24,517 ▼ 30.2%
Debt's share of the balance-sheet total falls from 44.3% to 37.6%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€2,639▼
2024 · €36,244
Cash flow
€2,040▼
2024 · €28,495
Current ratio
1.74▼
2024 · 1.79
Debt to equity
0.60▼
2024 · 0.80
ROE
-8.3%▼
2024 · 59.0%
ROA
-5.2%▼
2024 · 32.8%
Interest coverage
21.09▼
2024 · 291.68
Debt ≤ 1 year
€24,517▼
2024 · €35,139
Income taxes
€474▼
2024 · €7,647
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,151 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 91% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a small loss
2.1% went bankrupt
5.9% stopped otherwise
91% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.9% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 2,151 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet Code20242025
Assets
Total assets20/58€79,270€65,274▼
Fixed assets21/28€16,519€22,698▲
Tangible fixed assets22/27€15,659€21,838▲
Furniture and vehicles24€15,659€21,838▲
Financial fixed assets28€860€860=
Current assets29/58€62,750€42,577▼
Amounts receivable within one year40/41€24,189€14,847▼
Trade receivables40€20,669€14,240▼
Other amounts receivable41€3,521€607▼
Cash at bank and in hand54/58€38,229€26,414▼
Deferred charges and accrued income490/1€332€1,316▲
Equity and liabilities
Total equity and liabilities10/49€79,270€65,274▼
Equity10/15€44,131€40,757▼
Contributions10/11€10,000€10,000=
Profit (loss) carried forward14€34,131€30,757▼
Amounts payable17/49€35,139€24,517▼
Amounts payable within one year42/48€35,139€24,517▼
Trade debts44€1,755€2,721▲
Suppliers440/4€1,755€2,721▲
Taxes, remuneration and social security45€14,600€4,050▼
Taxes450/3€14,600€4,050▼
Other amounts payable47/48€18,784€17,747▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,464€5,414▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€1,587-
Other operating charges640/8€580€2,413▲
Gross operating margin9900€38,411€5,052▼
Operating profit (loss)9901€33,780-€2,775▼
Financial income75/76B€22€0▼
Recurring financial income75€22€0▼
Financial charges65/66B€124€125▲
Recurring financial charges65€124€125▲
Profit (loss) for the period before taxes9903€33,678-€2,900▼
Income taxes67/77€7,647€474▼
Profit (loss) for the period9904€26,031-€3,374▼
Profit (loss) for the period to be appropriated9905€26,031-€3,374▼
Appropriation of the result
Profit (loss) to be appropriated9906€34,131€30,757▼
Profit (loss) brought forward from the previous period14P€8,100€34,131▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Turnover70€92,374---
Goods, raw materials, services and sundry goods60/61€81,221---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€368€2,464€5,414▲ 120%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€1,587--
Other operating charges640/8€307€580€2,413▲ 316%
Gross operating margin9900€11,496€38,411€5,052▼ 86.8%
Operating profit (loss)9901€10,820€33,780-€2,775▼ 108%
Financial income75/76B-€22€0▼ 99.1%
Recurring financial income75-€22€0▼ 99.1%
Financial charges65/66B€43€124€125▲ 0.7%
Recurring financial charges65€43€124€125▲ 0.7%
Profit (loss) for the period before taxes9903€10,777€33,678-€2,900▼ 109%
Income taxes67/77€2,677€7,647€474▼ 93.8%
Profit (loss) for the period9904€8,100€26,031-€3,374▼ 113%
Profit (loss) for the period to be appropriated9905€8,100€26,031-€3,374▼ 113%
Line202320242025Change
Assets
Total assets20/58€53,065€79,270€65,274▼ 17.7%
Fixed assets21/28€5,662€16,519€22,698▲ 37.4%
Tangible fixed assets22/27€5,662€15,659€21,838▲ 39.5%
Furniture and vehicles24€5,662€15,659€21,838▲ 39.5%
Financial fixed assets28-€860€860=
Current assets29/58€47,403€62,750€42,577▼ 32.1%
Amounts receivable within one year40/41€13,653€24,189€14,847▼ 38.6%
Trade receivables40€12,729€20,669€14,240▼ 31.1%
Other amounts receivable41€924€3,521€607▼ 82.8%
Cash at bank and in hand54/58€33,405€38,229€26,414▼ 30.9%
Deferred charges and accrued income490/1€345€332€1,316▲ 297%
Equity and liabilities
Total equity and liabilities10/49€53,065€79,270€65,274▼ 17.7%
Equity10/15€18,100€44,131€40,757▼ 7.6%
Contributions10/11€10,000€10,000€10,000=
Profit (loss) carried forward14€8,100€34,131€30,757▼ 9.9%
Amounts payable17/49€34,965€35,139€24,517▼ 30.2%
Amounts payable within one year42/48€34,965€35,139€24,517▼ 30.2%
Trade debts44€1,466€1,755€2,721▲ 55.0%
Suppliers440/4€1,466€1,755€2,721▲ 55.0%
Taxes, remuneration and social security45€7,762€14,600€4,050▼ 72.3%
Taxes450/3€6,062€14,600€4,050▼ 72.3%
Remuneration and social security454/9€1,700---
Other amounts payable47/48€25,737€18,784€17,747▼ 5.5%
Line202320242025Change
Profit (loss) for the period9904€8,100€26,031-€3,374▼ 113%
+ Depreciation and write-downs630€368€2,464€5,414▲ 120%
Operating cash flow (approximation)€8,468€28,495€2,040▼ 92.8%
Investment in fixed assets (approximation)--€13,321-€11,592▲ 13.0%
Change in cash-€4,824-€11,815▼ 345%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
04-09
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 35 days late
2025
31-12
Financial Weakest financial yearnet -€3,374
Net result drops to -€3,374, the lowest in the series.
26-08
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 26 days late
2024
31-12
Financial Highest result since 2023net €26,031 ▲221%
Operating result €33,780, net result €26,031, both a record.
24-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Elsene · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
789 m²
Building footprint
295 m²
Volume, LiDAR
4,468 m³
Parcel 21447B0309/00F012, Brussels · tallest building 17.9 m, ±5 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 establishment unit
SPACE GRIP
Franz Merjaystraat 120, 1050 ElseneProduction of cinema films
since 20232.345.390.120
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21447B0309/00F012 Brussels 789 m² 1 · 295 m² 17.9 m · 5 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.

Similar companies · same sector, comparable size

Of 1,319 companies in sector 59111 we hold annual accounts for 687. 529 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded15-05-2023
Fiscal year end31-12
Activities, NACEBEL 2025
59111Production of cinema films
59113Video and film production, excluding cinema and television films
59114Motion picture, video and television programme production, sound recording and music publishing activities
59120Post-production of films, video and television programmes
Contact
E-mail gonzalezlucas.pro@gmail.com
Phone +32494102059
Phone 0494/102059Elsene
E-invoicing
Reachable via Peppol
Peppol ID 0208:0801791409
Also 9925:BE0801791409
Registered 03-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.