URBAN SPACE
ActiveThe computed 12-month bankruptcy probability of URBAN SPACE is 2.5% (moderate). The 2024 annual accounts show equity of €54k and a net result of €-4k. Equity is shrinking by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 52% of 26053 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
41
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability17▲+3
Solvency59=
Growth32=
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity tight (current ratio 1.4 against 1.39 in 2023; short-term debt: 61.7% and cash: 8.6% of total assets), and 65.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+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 dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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 2024Solvency, return and age of the figures
Solvency
34.1%
Return on assets
-2.6%
Age of the figures
20 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
2021222324
2020 to 2024 · latest year €-4k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
71 d late
2023
78 d late
2022
304 d late
2021
639 d late
2020
142 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€54k▼ 7.0%
2023 · €58k
2020: €62k
2021: €76k
2022: €70k
2023: €58k
2020 → 2024
Total assets
€158k▼ 6.3%
2023 · €169k
2020: €319k
2021: €178k
2022: €218k
2023: €169k
2020 → 2024
Net result
€-4k▲ 67.7%
2023 · €-13k
2020: €42k
2021: €14k
2022: €-6k
2023: €-13k
2020 → 2024
Working capital
€39k▲ 1.7%
2023 · €38k
2020: €61k
2021: €70k
2022: €51k
2023: €38k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€62k-€76k▲ 22.6%€70k▼ 7.3%€58k▼ 17.8%€54k▼ 7.0%
Operating result€61k-€19k▼ 68.5%€-2k€-10k▼ 298%€-10k▲ 0.3%
Net result€42k-€14k▼ 66.7%€-6k€-13k▼ 126%€-4k▲ 67.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10k in 2024 against €10k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €158k
Fixed assets
€22k▼ 32.1%
Current assets
€136k▼ 0.3%
Equity and liabilities €158k
Equity
€54k▼ 7.0%
Debt
€104k▼ 6.0%
The debt ratio rises from 65.6% to 65.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€613▼
2023 · €2k
Cash flow
€6k▲
2023 · €-1k
Solvency
34.1%▼
2023 · 34.4%
Current ratio
1.40▲
2023 · 1.39
Quick ratio
0.73▲
2023 · 0.67
Debt / equity
1.93▲
2023 · 1.91
ROE
-7.5%▲
2023 · -21.6%
ROA
-2.6%▲
2023 · -7.4%
Interest coverage
0.14▼
2023 · 0.59
Debt
€104k▼
2023 · €111k
Debt ≤ 1 year
€97k▼
2023 · €98k
Debt > 1 year
€7k▼
2023 · €12k
Income taxes
€271▼
2023 · €274
Staff costs
€36k▲
2023 · €35k
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€169k€158k▼
Fixed assets21/28€32k€22k▼
Tangible fixed assets22/27€32k€22k▼
Plant, machinery and equipment23€15k€11k▼
Furniture and vehicles24€17k€11k▼
Current assets29/58€137k€136k▼
Amounts receivable after more than one year29€12k€12k=
Other amounts receivable291€12k€12k=
Stocks and contracts in progress3€70k€65k▼
Stocks30/36€70k€65k▼
Amounts receivable within one year40/41€41k€32k▼
Trade receivables40€41k€32k▼
Other amounts receivable41€509-
Cash at bank and in hand54/58€12k€14k▲
Deferred charges and accrued income490/1€458€14k▲
Equity and liabilities
Total equity and liabilities10/49€169k€158k▼
Equity10/15€58k€54k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€38k€34k▼
Amounts payable17/49€111k€104k▼
Amounts payable after more than one year17€12k€7k▼
Financial debts170/4€12k€7k▼
Amounts payable within one year42/48€98k€97k▼
Current portion of amounts payable after more than one year42€6k€6k▲
Trade debts44€15k€3k▼
Suppliers440/4€15k€3k▼
Advances received on contracts in progress46€6k-
Taxes, remuneration and social security45€71k€89k▲
Taxes450/3€63k€80k▲
Remuneration and social security454/9€8k€9k▲
Other amounts payable47/48-€18
Income statement
Code20232024
Remuneration, social security and pensions62€35k€36k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€10k▼
Other operating charges640/8€1k€9k▲
Gross operating margin9900€38k€46k▲
Operating profit (loss)9901€-10k€-10k▲
Financial income75/76B€217€10k▲
Recurring financial income75€217€94▼
Non-recurring financial income76B-€10k
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€-12k€-4k▲
Income taxes67/77€274€271▼
Profit (loss) for the period9904€-13k€-4k▲
Profit (loss) for the period to be appropriated9905€-13k€-4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€38k€34k▼
Profit (loss) brought forward from the previous period14P€50k€38k▼
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
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
2024
17-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 78 days late
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 304 days late
30-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 639 days late
2023
31-12
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 142 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, Braine-l'Alleud · 1 establishment unit since 2019
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.
Sentier Scolasse 171420 Braine-l'AlleudGround area
548 m²
Building footprint
145 m²
Volume, LiDAR
372 m³
2 parcels, Wallonia · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
URBAN SPACE
since 20192.303.061.595
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25110C0078/00_000 | Wallonia | 299 m² | 1 · 95 m² | - |
| 25014N0625/00B000 | Wallonia | 249 m² | 1 · 49 m² | 9.6 m · 3 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
ANTENOR AUCTION
BE 0750.945.195
Brussel · Eq €54k
MICROPHONE MANIA
BE 0766.350.577
Tremelo · Eq €54k
CarpeDiemInvest
BE 0769.277.405
Limbourg · Eq €55k
LA MEMOIRE ET LA PLUME
BE 0712.903.181
Hastière · Eq €53k
CAPAMAMA
BE 0791.189.012
Arlon · Eq €53k
Of 1,286 companies in sector 47690 we hold annual accounts for 424. 315 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-11-2019
Fiscal year end31-12
Activities, NACEBEL
47690Retail sale of other cultural and recreation goods
47787Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
4 entriesWebsite:www.martineehmer.com
E-mail:martine.ehmer@gmail.com
Website:www.galeriemartineehmer.com
Phone:0473590285