BUZZISPACE
ActiveSummary
BUZZISPACE has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5.25M and a net result of €-572k. Equity is growing by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 54% of 3549 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
49
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability16▼-5
Solvency68▲+5
Growth39▼-2
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €250k at 30 days acceptable
Liquidity ample (current ratio 1.74 against 1.58 in 2023; short-term debt: 56.4% and cash: 3.1% of total assets), but 57% of the assets are financed with debt.
Credit check 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
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
43%
Return on assets
-4.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-07-2025, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
24 d early
2023
44 d early
2022
41 d early
2021
17 d early
2020
19 d early
2019
7 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€26.12M▼ 13.8%
2023 · €30.30M
2019: €37.08M
2020: €29.40M
2021: €30.21M
2022: €36.17M
2023: €30.30M
2019 → 2024
EBIT margin
-0.4%=
2023 · -0.5%
2019: 2.4%
2020: -0.2%
2021: 1.3%
2022: 2.7%
2023: -0.5%
2019 → 2024
Net result
€-572k
2023 · €160k
2019: €702k
2020: €-89k
2021: €745k
2022: €602k
2023: €160k
2019 → 2024
Working capital
€5.11M▼ 7.6%
2023 · €5.54M
2019: €4.83M
2020: €5.09M
2021: €4.94M
2022: €5.39M
2023: €5.54M
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€29.40M-€30.21M▲ 2.7%€36.17M▲ 19.7%€30.30M▼ 16.2%€26.12M▼ 13.8%
Equity€4.31M-€5.06M▲ 17.3%€5.66M▲ 11.9%€5.82M▲ 2.8%€5.25M▼ 9.8%
Operating result€-68k-€406k€977k▲ 141%€-138k€-113k▲ 18.4%
Net result€-89k-€745k€602k▼ 19.2%€160k▼ 73.4%€-572k
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €113k in 2024 against €138k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €12.19M
Fixed assets
€198k ▼ 40.5%
Current assets
€11.99M ▼ 20.3%
Equity and liabilities €12.19M
Equity
€5.25M ▼ 9.8%
Provisions
€28k ▼ 43.1%
Debt
€6.91M ▼ 27.3%
Debt's share of the balance-sheet total falls from 61.9% to 56.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€35k▲
2023 · €21k
Cash flow
€-425k▼
2023 · €320k
Current ratio
1.74▲
2023 · 1.58
Quick ratio
1.12▲
2023 · 1.00
Debt to equity
1.32▼
2023 · 1.64
ROE
-10.9%▼
2023 · 2.8%
ROA
-4.7%▼
2023 · 1.0%
Interest coverage
0.19▲
2023 · 0.10
Debt ≤ 1 year
€6.88M▼
2023 · €9.51M
Income taxes
€10k▼
2023 · €114k
Staff costs
€2.38M▼
2023 · €2.77M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 82 lines
Balance sheet
Code20232024
Assets
Total assets20/58€15.38M€12.19M▼
Fixed assets21/28€333k€198k▼
Intangible fixed assets21€112k€23k▼
Tangible fixed assets22/27€209k€162k▼
Plant, machinery and equipment23€46k€27k▼
Furniture and vehicles24€14k€10k▼
Other tangible fixed assets26€148k€126k▼
Financial fixed assets28€12k€12k=
Other financial fixed assets284/8€12k€12k=
Amounts receivable and cash guarantees285/8€12k€12k=
Current assets29/58€15.05M€11.99M▼
Amounts receivable after more than one year29€105k€105k=
Other amounts receivable291€105k€105k=
Stocks and contracts in progress3€5.56M€4.27M▼
Stocks30/36€5.56M€4.27M▼
Raw materials and consumables30/31€3.60M€2.73M▼
Goods purchased for resale34€1.96M€1.54M▼
Amounts receivable within one year40/41€9.27M€7.19M▼
Trade receivables40€2.00M€3.17M▲
Other amounts receivable41€7.26M€4.02M▼
Cash at bank and in hand54/58€54k€373k▲
Deferred charges and accrued income490/1€64k€52k▼
Equity and liabilities
Total equity and liabilities10/49€15.38M€12.19M▼
Equity10/15€5.82M€5.25M▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€4.07M€3.50M▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€4.07M€3.50M▼
Profit (loss) carried forward14€1.68M€1.68M=
Provisions and deferred taxes16€49k€28k▼
Provisions for liabilities and charges160/5€49k€28k▼
Other liabilities and charges164/5€49k€28k▼
Amounts payable17/49€9.51M€6.91M▼
Amounts payable within one year42/48€9.51M€6.88M▼
Financial debts43€250k-
Credit institutions430/8€250k-
Trade debts44€4.37M€3.76M▼
Suppliers440/4€4.37M€3.76M▼
Advances received on contracts in progress46€424k€809k▲
Taxes, remuneration and social security45€371k€285k▼
Taxes450/3€11k-
Remuneration and social security454/9€360k€285k▼
Other amounts payable47/48€4.10M€2.02M▼
Accrued charges and deferred income492/3-€37k
Income statement
Code20232024
Operating income70/76A€31.50M€27.42M▼
Turnover70€30.30M€26.12M▼
Other operating income74€1.20M€1.30M▲
Operating charges60/66A€31.64M€27.53M▼
Goods for resale, raw materials and consumables60€16.63M€14.61M▼
Purchases600/8€15.69M€13.60M▼
Change in stocks: decrease (increase)609€944k€1.01M▲
Services and other goods61€11.67M€10.04M▼
Remuneration, social security and pensions62€2.77M€2.38M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€159k€147k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€379k€355k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-4k€-21k▼
Other operating charges640/8€26k€27k▲
Operating profit (loss)9901€-138k€-113k▲
Financial income75/76B€820k€377k▼
Recurring financial income75€820k€377k▼
Income from current assets751€257k€250k▼
Other financial income752/9€563k€127k▼
Financial charges65/66B€407k€826k▲
Recurring financial charges65€407k€826k▲
Debt charges650€224k€186k▼
Other financial charges652/9€184k€640k▲
Profit (loss) for the period before taxes9903€275k€-562k▼
Income taxes67/77€114k€10k▼
Taxes670/3€114k€18k▼
Tax adjustments and reversals of tax provisions77-€8k
Profit (loss) for the period9904€160k€-572k▼
Profit (loss) for the period to be appropriated9905€160k€-572k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.84M€1.11M▼
Profit (loss) brought forward from the previous period14P€1.68M€1.68M=
Transfer from equity791/2-€572k
From reserves792-€572k
Transfer to equity691/2€160k-
To other reserves6921€160k-
Social balance
Average headcount (FTE)908739.034.9▼
The notes to these accounts (70 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
09-09
State Gazette act
Board meeting · Power of attorney2 facts ▸
State Gazette act
Board meeting · Power of attorney
2 facts ▸
- Board meeting, 28-05-2026
- Power of attorney, Margot Huybrechts
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-572k
Net result drops to €-572k, the lowest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €745k
Net result €745k after one loss-making year.
31-12
Financial
Equity above €5MEq €5.06M ▲17.3%
Equity rises from €4.31M to €5.06M.
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
04-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 20 acts read
About the unread acts
Of the 20 Belgian State Gazette acts we know for this company, 1 has been read. The other 19 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
20 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 2 establishment units since 2019
Ground area
4.7 ha
Building footprint
1.9 ha
Volume, LiDAR
145,088 m³
2 parcels, Flanders · tallest building 23.9 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
2 establishment units
BUZZISPACE
since 20192.288.859.807
BUZZISPACE
since 20232.345.489.890
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13452M0123/00P000 | Flanders | 4.7 ha | 1 · 1.9 ha | 11.3 m · 2 fl. |
| 11802B0329/00W000 | Flanders | 543 m² | 1 · 530 m² | 23.9 m · 4 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 5,623 EUR awarded · 5,623 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 192 EUR | 192 EUR |
| 2024 | 1 | 431 EUR | 431 EUR |
| 2023 | 1 | 5,000 EUR | 5,000 EUR |
Schemes
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
549300H2SJ9E2J6CUK26
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Of 7,289 companies in sector 43350 we hold annual accounts for 2,362. 197 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-12-1996
Fiscal year end31-12
Activities, NACEBEL 2025
43350Other building finishing work
46472Wholesale trade
46471Wholesale trade
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 1 actNational Bank · 26 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.