TRUESPACE
ActiveSummary
TRUESPACE has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €523k and a net result of €67k. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 93% of 7780 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+7
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 15.4 against 15.1 in 2024; short-term debt: 6.5% and cash: 88.3% of total assets), and 6.5% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
93.5%
Return on assets
12%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
23 d early
2023
26 d early
2022
28 d early
2021
30 d early
2020
29 d early
2019
on the day
← before the deadline
after the deadline →
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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€523k▲ 14.8%
2024 · €455k
Total assets
€559k▲ 14.6%
2024 · €488k
Net result
€67k▲ 104%
2024 · €33k
Working capital
€522k▲ 14.8%
2024 · €455k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€50k▼ 7.5%€54k▲ 7.1%€34k▼ 36.7%€39k▲ 15.4%€99k▲ 152%
Net result€38k▲ 11.6%€24k▼ 37.7%€27k▲ 11.2%€33k▲ 23.4%€67k▲ 104%
Equity€372k▲ 11.5%€396k▲ 6.4%€423k▲ 6.7%€455k▲ 7.8%€523k▲ 14.8%
Total assets€409k▲ 12.0%€424k▲ 3.6%€448k▲ 5.8%€488k▲ 8.8%€559k▲ 14.6%
Debt€37k▲ 16.8%€28k▼ 24.5%€26k▼ 8.0%€32k▲ 25.9%€36k▲ 12.3%
Working capital€367k▲ 11.2%€393k▲ 6.9%€420k▲ 7.0%€455k▲ 8.1%€522k▲ 14.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 152% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €559k
Fixed assets
€959 ▲ 14.8%
Current assets
€558k ▲ 14.6%
Equity and liabilities €559k
Equity
€523k ▲ 14.8%
Debt
€36k ▲ 12.3%
Debt's share of the balance-sheet total falls from 6.6% to 6.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€100k▲
2024 · €41k
Cash flow
€68k▲
2024 · €34k
Current ratio
15.40▲
2024 · 15.10
Debt to equity
0.07▼
2024 · 0.07
ROE
12.9%▲
2024 · 7.2%
ROA
12.0%▲
2024 · 6.7%
Interest coverage
433.96▲
2024 · 121.45
Debt ≤ 1 year
€36k▲
2024 · €32k
Income taxes
€35k▲
2024 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €1k | €1k | €1k | €1k | ▼ 26.0% |
| Other operating charges640/8 | €2k | €4k | €3k | €5k | €5k | ▲ 1.5% |
| Gross operating margin9900 | €54k | €60k | €39k | €46k | €105k | ▲ 131% |
| Operating profit (loss)9901 | €50k | €54k | €34k | €39k | €99k | ▲ 152% |
| Financial income75/76B | €8k | €910 | €6k | €9k | €3k | ▼ 70.3% |
| Recurring financial income75 | €8k | €910 | €6k | €9k | €3k | ▼ 70.3% |
| Financial charges65/66B | €1k | €12k | €174 | €335 | €231 | ▼ 31.1% |
| Recurring financial charges65 | €1k | €12k | €174 | €335 | €231 | ▼ 31.1% |
| Profit (loss) for the period before taxes9903 | €57k | €43k | €40k | €48k | €102k | ▲ 111% |
| Income taxes67/77 | €19k | €19k | €14k | €15k | €35k | ▲ 124% |
| Profit (loss) for the period9904 | €38k | €24k | €27k | €33k | €67k | ▲ 104% |
| Profit (loss) for the period to be appropriated9905 | €38k | €24k | €27k | €33k | €67k | ▲ 104% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €409k | €424k | €448k | €488k | €559k | ▲ 14.6% |
| Fixed assets21/28 | €4k | €3k | €2k | €835 | €959 | ▲ 14.8% |
| Tangible fixed assets22/27 | €4k | €3k | €2k | €835 | €959 | ▲ 14.8% |
| Land and buildings22 | €701 | €472 | €242 | €77 | - | - |
| Plant, machinery and equipment23 | €2k | €1k | €846 | €175 | €908 | ▲ 418% |
| Furniture and vehicles24 | €2k | €2k | €1k | €582 | €51 | ▼ 91.3% |
| Current assets29/58 | €404k | €421k | €446k | €487k | €558k | ▲ 14.6% |
| Amounts receivable within one year40/41 | €42k | €31k | €26k | €29k | €64k | ▲ 125% |
| Trade receivables40 | €42k | €31k | €26k | €29k | €62k | ▲ 119% |
| Other amounts receivable41 | - | €20 | €18 | €19 | €2k | ▲ 8,939% |
| Current investments50/53 | €88k | €76k | €80k | - | - | - |
| Cash at bank and in hand54/58 | €275k | €312k | €339k | €457k | €493k | ▲ 7.9% |
| Deferred charges and accrued income490/1 | €498 | €1k | €802 | €999 | €480 | ▼ 52.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €409k | €424k | €448k | €488k | €559k | ▲ 14.6% |
| Equity10/15 | €372k | €396k | €423k | €455k | €523k | ▲ 14.8% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €366k | €390k | €416k | €449k | €516k | ▲ 15.0% |
| Non-distributable reserves130/1 | €168k | €192k | €216k | €249k | €316k | ▲ 27.0% |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Other1319 | €166k | €190k | €216k | €249k | €316k | ▲ 27.0% |
| Distributable reserves133 | €198k | €198k | €200k | €200k | €200k | = |
| Amounts payable17/49 | €37k | €28k | €26k | €32k | €36k | ▲ 12.3% |
| Amounts payable within one year42/48 | €37k | €28k | €26k | €32k | €36k | ▲ 12.3% |
| Trade debts44 | €198 | €303 | €467 | €779 | €1k | ▲ 55.8% |
| Suppliers440/4 | €198 | €303 | €467 | €779 | €1k | ▲ 55.8% |
| Taxes, remuneration and social security45 | €33k | €22k | €17k | €19k | €35k | ▲ 82.8% |
| Taxes450/3 | €33k | €22k | €17k | €19k | €35k | ▲ 82.8% |
| Other amounts payable47/48 | €3k | €5k | €8k | €12k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38k | €24k | €27k | €33k | €67k | ▲ 104% |
| + Depreciation and write-downs630 | €1k | €1k | €1k | €1k | €1k | ▼ 26.0% |
| Operating cash flow (approximation) | €40k | €25k | €28k | €34k | €68k | ▲ 99.2% |
| Investment in fixed assets (approximation) | - | €0 | €-425 | €0 | €-1k | - |
| Change in cash | - | €38k | €26k | €118k | €36k | ▼ 69.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €67k ▲104%
Operating result €99k, net result €67k, both a record.
31-12
Financial
Equity above €500kEq €523k ▲14.8%
8 profitable years in a row build equity to €523k.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €24k ▼37.7%
Net result drops to €24k, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Antwerpen · 1 establishment unit since 2005
Ground area
1,290 m²
Building footprint
1,304 m²
Volume, LiDAR
16,423 m³
Parcel 11802B0333/00F000, Flanders · tallest building 16.9 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
TRUESPACE
since 20052.206.638.152
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11802B0333/00F000 | Flanders | 1,290 m² | 1 · 1,304 m² | 16.9 m · 4 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.
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BALIMMO
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INNODIS
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Of 24,515 companies in sector 82990 we hold annual accounts for 9,408. 5,789 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
Founded19-05-2005
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.