SPACEMAKERS
ActiveSPACEMAKERS has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €12k and a net result of €15k. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2026
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2025
Profitability100▲+100
Solvency61▲+51
Growth78
Track record82
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.09 against 0.69 in 2025; short-term debt: 63.9% and cash: 20.5% of total assets), and 63.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Sector 90
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
36.1%
Return on assets
44.9%
Age of the figures
6 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 14-07-2026, 109 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2026
109 d early
2025
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-03-2027 close31-10-2027 deadline
Financials · fiscal year 2026, abbreviated schema
Equity
€12k
2025 · €-3k
2025: €-3k
2025 → 2026
Total assets
€34k▲ 66.6%
2025 · €21k
2025: €21k
2025 → 2026
Net result
€15k
2025 · €-9k
2025: €-9k
2025 → 2026
Working capital
€2k
2025 · €-7k
2025: €-7k
2025 → 2026
Multi-year overview
Available amounts per fiscal year
Line20252026Trend
Equity€-3k-€12k
Operating result€-9k-€19k
Net result€-9k-€15k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2026: €19k after a loss of €9k in 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €34k
Fixed assets
€10k▲ 138%
Current assets
€24k▲ 47.4%
Equity and liabilities €34k
Equity
€12k
Debt
€22k
Debt finances 63.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€23k▲
2025 · €-7k
Cash flow
€19k▲
2025 · €-7k
Solvency
36.1%▲
2025 · -14.6%
Current ratio
1.09▲
2025 · 0.69
Quick ratio
1.09▲
2025 · 0.69
Debt / equity
1.77▲
2025 · -7.85
ROE
124.2%
ROA
44.9%▲
2025 · -43.6%
Interest coverage
107.66▲
2025 · -15.37
Debt
€22k▼
2025 · €24k
Debt ≤ 1 year
€22k▼
2025 · €24k
Income taxes
€4k▲
2025 · €52
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 · 2026 against 2025
Balance sheet
Code20252026
Assets
Total assets20/58€21k€34k▲
Fixed assets21/28€4k€10k▲
Tangible fixed assets22/27€4k€10k▲
Plant, machinery and equipment23€682€8k▲
Furniture and vehicles24€4k€3k▼
Current assets29/58€16k€24k▲
Amounts receivable within one year40/41€8k€17k▲
Trade receivables40€8k€17k▲
Other amounts receivable41€130€0▼
Cash at bank and in hand54/58€8k€7k▼
Deferred charges and accrued income490/1€434€441▲
Equity and liabilities
Total equity and liabilities10/49€21k€34k▲
Equity10/15€-3k€12k▲
Contributions10/11€6k€6k=
Reserves13-€6k
Distributable reserves133-€6k
Profit (loss) carried forward14€-9k€0▲
Amounts payable17/49€24k€22k▼
Amounts payable within one year42/48€24k€22k▼
Trade debts44€21k€14k▼
Suppliers440/4€21k€14k▼
Taxes, remuneration and social security45-€7k
Taxes450/3-€7k
Other amounts payable47/48€2k€562▼
Income statement
Code20252026
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€4k▲
Other operating charges640/8€437€9k▲
Gross operating margin9900€-6k€32k▲
Operating profit (loss)9901€-9k€19k▲
Financial income75/76B€15€3▼
Recurring financial income75€15€3▼
Financial charges65/66B€433€213▼
Recurring financial charges65€433€213▼
Profit (loss) for the period before taxes9903€-9k€19k▲
Income taxes67/77€52€4k▲
Profit (loss) for the period9904€-9k€15k▲
Profit (loss) for the period to be appropriated9905€-9k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€6k▲
Profit (loss) brought forward from the previous period14P-€-9k
Transfer to equity691/2-€6k
To other reserves6921-€6k
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (6 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 2027, expected by
2026
14-07
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
31-03
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Zwevegem · 1 establishment unit since 2024
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.
Moenkouterstraat(M) 38552 ZwevegemGround area
8,625 m²
Building footprint
473 m²
Volume, LiDAR
110 m³
Parcel 34028C0573/00F003, Flanders · tallest building 1.1 m. Linked by address, not a title deed.
1 establishment unit
SPACEMAKERS
since 20242.356.916.985
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34028C0573/00F003 | Flanders | 8,625 m² | 1 · 473 m² | 1.1 m |
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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 297 EUR awarded · 297 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 297 EUR | 297 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 671 companies in sector 90392 we hold annual accounts for 206. 130 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-02-2024
Fiscal year end31-03
Activities, NACEBEL
90022Arts creation and performing arts activities
90392Design and construction of stages and sets
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.