Space Refinery

Active

Private limited companyfounded 20197 yrs activeDa Vincilaan 1, 1930 Zaventem, BelgiumKBO/BCE: BE 0722.824.501

The computed 12-month bankruptcy probability of Space Refinery is 2.0% (moderate). The 2024 annual accounts show equity of €178k and a net result of €14k. Equity is growing by ~22.3% per year across the filed fiscal years. Its solvency ranks better than 31% of 2090 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

61 / 100

Healthy▼ -7 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability39▼-61

Solvency40▲+5

Growth52▼-26

Stability100

Bankruptcy probability, 12 months

2.0% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €11k at 30 days acceptable

Liquidity tight (current ratio 1.36 against 1.23 in 2023), and 77.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

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

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 41

Relative position

BE, all sectors

reference

Sector 41

higher

← fewer bankruptcies more bankruptcies →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 6 filings

Deviation from the deadline

2025

not confirmed

2024

61 d late

2023

30 d late

2022

21 d early

2021

31 d late

2020

92 d late

2019

69 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, abbreviated schema

Equity

€178k▲ 8.5%

2023 · €164k

2019: €47k 2020: €64k 2021: €302k 2022: €71k 2023: €164k

2019 → 2024

Total assets

€793k▲ 5.3%

2023 · €753k

2019: €226k 2020: €205k 2021: €594k 2022: €835k 2023: €753k

2019 → 2024

Net result

€14k▼ 85.1%

2023 · €94k

2019: €36k 2020: €18k 2021: €238k 2022: €264k 2023: €94k

2019 → 2024

Working capital

€206k▲ 53.4%

2023 · €134k

2019: €45k 2020: €62k 2021: €297k 2022: €37k 2023: €134k

2019 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€64k-€302k▲ 369%€71k▼ 76.6%€164k▲ 133%€178k▲ 8.5%

Operating result€26k-€313k▲ 1,095%€351k▲ 12.1%€126k▼ 64.0%€27k▼ 78.9%

Net result€18k-€238k▲ 1,244%€264k▲ 10.7%€94k▼ 64.5%€14k▼ 85.1%

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has fallen two years in a row; 2024 is 79% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €793k

97.3%

Fixed assets €22k▼ 31.4%

Current assets €771k▲ 6.9%

Equity and liabilities €793k

22.5%

77.5%

Equity €178k▲ 8.5%

Debt €615k▲ 4.4%

The debt ratio falls from 78.2% to 77.5%: equity grows faster than debt.

Key figures and ratios

2024 value · change against 2023

EBITDA

€37k▼

2023 · €134k

Cash flow

€24k▼

2023 · €101k

Solvency

22.5%▲

2023 · 21.8%

Current ratio

1.36▲

2023 · 1.23

Quick ratio

1.36▲

2023 · 1.23

Debt / equity

3.45▼

2023 · 3.59

ROE

7.8%▼

2023 · 57.0%

ROA

1.8%▼

2023 · 12.4%

Interest coverage

16.93▼

2023 · 55.15

Debt

€615k▲

2023 · €589k

Debt ≤ 1 year

€566k▼

2023 · €587k

Income taxes

€11k▼

2023 · €32k

Staff costs

€292k▼

2023 · €425k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€753k€793k▲

Fixed assets21/28€32k€22k▼

Tangible fixed assets22/27€31k€21k▼

Furniture and vehicles24€31k€21k▼

Financial fixed assets28€690€690=

Current assets29/58€722k€771k▲

Amounts receivable within one year40/41€432k€662k▲

Trade receivables40€390k€657k▲

Other amounts receivable41€42k€5k▼

Cash at bank and in hand54/58€284k€108k▼

Deferred charges and accrued income490/1€6k€1k▼

Equity and liabilities

Total equity and liabilities10/49€753k€793k▲

Equity10/15€164k€178k▲

Contributions10/11€19k€19k=

Reserves13€146k€160k▲

Distributable reserves133€146k€160k▲

Profit (loss) carried forward14€0-

Amounts payable17/49€589k€615k▲

Amounts payable within one year42/48€587k€566k▼

Current portion of amounts payable after more than one year42€0-

Trade debts44€145k€230k▲

Suppliers440/4€145k€230k▲

Taxes, remuneration and social security45€161k€70k▼

Taxes450/3€108k€41k▼

Remuneration and social security454/9€52k€29k▼

Other amounts payable47/48€282k€266k▼

Accrued charges and deferred income492/3€2k€49k▲

Income statement Code20232024

Remuneration, social security and pensions62€425k€292k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€10k▲

Other operating charges640/8€2k€8k▲

Gross operating margin9900€562k€336k▼

Operating profit (loss)9901€126k€27k▼

Financial income75/76B€1k€8▼

Recurring financial income75€1k€8▼

Financial charges65/66B€2k€2k▼

Recurring financial charges65€2k€2k▼

Profit (loss) for the period before taxes9903€125k€25k▼

Income taxes67/77€32k€11k▼

Profit (loss) for the period9904€94k€14k▼

Profit (loss) for the period to be appropriated9905€94k€14k▼

Appropriation of the result

Profit (loss) to be appropriated9906€94k€14k▼

Transfer from equity791/2€0-

Transfer to equity691/2€94k€14k▼

To other reserves6921€94k€14k▼

Profit to be distributed694/7€0-

Return on contributions (dividend)694€0-

Social balance

Average headcount (FTE)90876.84.9▼

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 10Financial 4Filings 6

2025

30-09

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 61 days late

2024

31-12

Financial Weakest financial yearnet €14k ▼85.1%

Net result drops to €14k, the lowest in the series.

30-08

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 30 days late

2023

31-12

Financial Equity above €150kEq €164k ▲133%

5 profitable years in a row build equity to €164k.

10-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Highest result since 2019net €264k ▲10.7%

Operating result €351k, net result €264k, both a record.

31-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 31 days late

2021

31-12

Financial Equity above €200kEq €302k ▲369%

3 profitable years in a row build equity to €302k.

31-10

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 92 days late

2020

08-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 69 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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, Zaventem · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Da Vincilaan 11930 Zaventem

Ground area

1.1 ha

Building footprint

3,016 m²

Volume, LiDAR

95,494 m³

2 parcels, Brussels, Flanders · tallest building 45.7 m, ±14 floors. Linked by address, not a title deed.

1 establishment unit

Space Refinery

Louizalaan 54, 1050 ElseneActivities of head offices; management consultancy activities

since 20212.321.449.035

2 parcels

Flanders 1 (50%) Brussels 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23094D0111/00M002	Flanders	8,965 m²	1 · 1,730 m²	45.7 m · 14 fl.
21807G0001/00L000	Brussels	1,625 m²	1 · 1,286 m²	33.9 m · 9 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels 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

Oosterzele · Eq €178k

Of 29,531 companies in sector 41001 we hold annual accounts for 15,864. 12,214 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded15-03-2019

Fiscal year end31-12

Activities, NACEBEL

41001General construction of residential buildings

Sources

Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers

Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.