Tabs & Spaces
ActiveSummary
Tabs & Spaces has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €152,819 and a net result of €36,799. Equity is growing by ~18.1% per year across the filed fiscal years. Its solvency ranks better than 54% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▲+2
Solvency85▲+14
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 2.15 against 1.74 in 2024; short-term debt: 15.2% and cash: 20% of total assets), and 40.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
59.7%
Return on assets
14.4%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 21-04-2026, 9 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
9 d early
2024
22 d early
2023
1 d early
2022
3 d early
2021
32 d early
2020
10 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 13 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 21 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€152,819▲ 31.7%
2024 · €116,020
Total assets
€256,003▲ 2.1%
2024 · €250,673
Net result
€36,799▲ 13.9%
2024 · €32,308
Working capital
€44,728▲ 49.2%
2024 · €29,988
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line20212022202320242025
Operating result€28,066▼ 41.5%€41,048▲ 46.3%€49,693▲ 21.1%€45,153▼ 9.1%€49,279▲ 9.1%
Net result€21,273within the sector's middle half▼ 43.7%€31,529within the sector's middle half▲ 48.2%€38,054within the sector's middle half▲ 20.7%€32,308within the sector's middle half▼ 15.1%€36,799within the sector's middle half▲ 13.9%
Equity€71,430within the sector's middle half▲ 42.4%€102,958within the sector's middle half▲ 44.1%€107,212within the sector's middle half▲ 4.1%€116,020within the sector's middle half▲ 8.2%€152,819within the sector's middle half▲ 31.7%
Total assets€187,491within the sector's middle half▲ 140%€213,761within the sector's middle half▲ 14.0%€282,968within the sector's middle half▲ 32.4%€250,673within the sector's middle half▼ 11.4%€256,003within the sector's middle half▲ 2.1%
Debt€116,061▲ 315%€110,802▼ 4.5%€175,755▲ 58.6%€134,653▼ 23.4%€103,184▼ 23.4%
Working capital€34,943within the sector's middle half▼ 22.0%€64,987within the sector's middle half▲ 86.0%€30,125within the sector's middle half▼ 53.6%€29,988within the sector's middle half▼ 0.5%€44,728within the sector's middle half▲ 49.2%
Solvency38.1%within the sector's middle half▼ 26.1pp48.2%within the sector's middle half▲ 10.1pp37.9%within the sector's middle half▼ 10.3pp46.3%within the sector's middle half▲ 8.4pp59.7%within the sector's middle half▲ 13.4pp
Current ratio2.34within the sector's middle half▼ 0.263.42within the sector's middle half▲ 1.071.58within the sector's middle half▼ 1.841.74within the sector's middle half▲ 0.152.15within the sector's middle half▲ 0.42
Return on assets (ROA)11.3%within the sector's middle half▼ 37.0pp14.7%within the sector's middle half▲ 3.4pp13.4%within the sector's middle half▼ 1.3pp12.9%within the sector's middle half▼ 0.6pp14.4%within the sector's middle half▲ 1.5pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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 recovers in 2025; 2025 is 9% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €256,003
Fixed assets
€172,457 ▼ 4.1%
Current assets
€83,546 ▲ 18.1%
Equity and liabilities €256,003
Equity
€152,819 ▲ 31.7%
Debt
€103,184 ▼ 23.4%
Debt's share of the balance-sheet total falls from 53.7% to 40.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€71,467▲
2024 · €66,424
Cash flow
€58,988▲
2024 · €53,579
Debt to equity
0.68▼
2024 · 1.16
ROE
24.1%▼
2024 · 27.8%
Interest coverage
24.53▲
2024 · 15.46
Debt ≤ 1 year
€38,818▼
2024 · €40,776
Debt > 1 year
€64,365▼
2024 · €93,877
Income taxes
€9,570▲
2024 · €8,549
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,662 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% | 1.7% |
| 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 75% 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 26,970 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 | €16,033 | €4,661 | €5,798 | €21,271 | €22,189 | ▲ 4.3% |
| Other operating charges640/8 | - | €816 | €753 | €523 | €597 | ▲ 14.3% |
| Gross operating margin9900 | €46,425 | €46,525 | €56,245 | €66,947 | €72,064 | ▲ 7.6% |
| Operating profit (loss)9901 | €28,066 | €41,048 | €49,693 | €45,153 | €49,279 | ▲ 9.1% |
| Financial income75/76B | - | €1 | - | - | €4 | - |
| Recurring financial income75 | €33 | €1 | - | - | €4 | - |
| Financial charges65/66B | - | €1,027 | €1,422 | €4,297 | €2,913 | ▼ 32.2% |
| Recurring financial charges65 | €886 | €1,027 | €1,422 | €4,297 | €2,913 | ▼ 32.2% |
| Profit (loss) for the period before taxes9903 | €27,214 | €40,021 | €48,272 | €40,856 | €46,369 | ▲ 13.5% |
| Income taxes67/77 | €5,941 | €8,493 | €10,218 | €8,549 | €9,570 | ▲ 11.9% |
| Profit (loss) for the period9904 | €21,273 | €31,529 | €38,054 | €32,308 | €36,799 | ▲ 13.9% |
| Profit (loss) for the period to be appropriated9905 | €21,273 | €31,529 | €38,054 | €32,308 | €36,799 | ▲ 13.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €187,491 | €213,761 | €282,968 | €250,673 | €256,003 | ▲ 2.1% |
| Fixed assets21/28 | €126,563 | €121,902 | €201,180 | €179,909 | €172,457 | ▼ 4.1% |
| Tangible fixed assets22/27 | €126,563 | €121,902 | €201,180 | €179,909 | €172,457 | ▼ 4.1% |
| Land and buildings22 | - | €120,994 | €117,787 | €114,580 | €122,212 | ▲ 6.7% |
| Furniture and vehicles24 | - | €908 | €83,394 | €65,329 | €50,245 | ▼ 23.1% |
| Current assets29/58 | €60,928 | €91,859 | €81,788 | €70,764 | €83,546 | ▲ 18.1% |
| Amounts receivable within one year40/41 | €30,272 | €20,068 | €38,814 | €40,706 | €29,488 | ▼ 27.6% |
| Trade receivables40 | - | €17,761 | €33,880 | €33,830 | €19,058 | ▼ 43.7% |
| Other amounts receivable41 | - | €2,307 | €4,934 | €6,876 | €10,430 | ▲ 51.7% |
| Cash at bank and in hand54/58 | €30,001 | €71,791 | €41,143 | €28,083 | €51,158 | ▲ 82.2% |
| Deferred charges and accrued income490/1 | - | - | €1,830 | €1,975 | €2,900 | ▲ 46.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €187,491 | €213,761 | €282,968 | €250,673 | €256,003 | ▲ 2.1% |
| Equity10/15 | €71,430 | €102,958 | €107,212 | €116,020 | €152,819 | ▲ 31.7% |
| Contributions10/11 | - | €12,400 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €59,030 | €90,558 | €88,612 | €97,420 | €134,219 | ▲ 37.8% |
| Distributable reserves133 | - | €90,558 | €88,612 | €97,420 | €134,219 | ▲ 37.8% |
| Amounts payable17/49 | €116,061 | €110,802 | €175,755 | €134,653 | €103,184 | ▼ 23.4% |
| Amounts payable after more than one year17 | €90,076 | €83,736 | €124,093 | €93,877 | €64,365 | ▼ 31.4% |
| Financial debts170/4 | - | €83,736 | €124,093 | €93,877 | €64,365 | ▼ 31.4% |
| Amounts payable within one year42/48 | €25,985 | €26,872 | €51,663 | €40,776 | €38,818 | ▼ 4.8% |
| Current portion of amounts payable after more than one year42 | - | €6,341 | €28,835 | €30,216 | €29,512 | ▼ 2.3% |
| Trade debts44 | €2,758 | €751 | €4,312 | €1,375 | €1,437 | ▲ 4.5% |
| Suppliers440/4 | - | €751 | €4,312 | €1,375 | €1,437 | ▲ 4.5% |
| Taxes, remuneration and social security45 | - | €7,438 | €16,450 | €7,166 | €7,789 | ▲ 8.7% |
| Taxes450/3 | - | €7,438 | €16,450 | €7,166 | €7,789 | ▲ 8.7% |
| Other amounts payable47/48 | - | €12,342 | €2,065 | €2,019 | €81 | ▼ 96.0% |
| Accrued charges and deferred income492/3 | - | €195 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,273 | €31,529 | €38,054 | €32,308 | €36,799 | ▲ 13.9% |
| + Depreciation and write-downs630 | €16,033 | €4,661 | €5,798 | €21,271 | €22,189 | ▲ 4.3% |
| Operating cash flow (approximation) | €37,306 | €36,190 | €43,852 | €53,579 | €58,988 | ▲ 10.1% |
| Investment in fixed assets (approximation) | - | €0 | -€85,076 | €0 | -€14,736 | - |
| Change in cash | - | €41,790 | -€30,647 | -€13,060 | €23,075 | ▲ 277% |
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
21-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Equity above €150,000Eq €152,819 ▲31.7%
6 profitable years in a row build equity to €152,819.
08-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2020net €38,054 ▲20.7%
Operating result €49,693, net result €38,054, both a record.
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Equity above €100,000Eq €102,958 ▲44.1%
3 profitable years in a row build equity to €102,958.
29-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet €21,273 ▼43.7%
Net result drops to €21,273, the lowest in the series; recovery starts the following year.
20-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro 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, Gent · 1 establishment unit since 2019
Ground area
316 m²
Building footprint
137 m²
Volume, LiDAR
1,029 m³
2 parcels, Flanders · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Tabs & Spaces
since 20192.288.066.781
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44432C0549/00W003 | Flanders | 194 m² | 1 · 65 m² | 10.2 m · 3 fl. |
| 44362B0034/00E003 | Flanders | 122 m² | 1 · 73 m² | 10.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 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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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 40,807 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
Founded03-04-2019
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
62900Other information technology and computer services
62100Computer programming
62200Computer consultancy and computer facilities management
70100Activities of head offices
73120Media representation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0724495671
Also
9925:BE0724495671
Registered
31-10-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.