Skip to content

SPACE

Active
Public limited companyfounded 198739 yrs activeTedescolaan 41, 1160 Oudergem, BelgiumKBO/BCE: BE 0431.666.727
Summary

SPACE has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €701,110 and a net result of €722,060. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 14% of 844 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
SPACEActiveChecked score 92/100
Risk analysis ReportCompare

Overview

Activity
Advertising agencies
NACE 73110Media representation NACE 73120NACE 74401
#3 employer in Oudergem, Professional and technical services sector1 site
Size
€141.7mturnover 2025
Staff
69.4 FTE
Equity
€701,110
Profit
€722,060
Financial health
92 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Largest shareholder
EssenceMediacom Belgium · 50%
Auditor: SRL BDOAccounts 22 d early3 of 13 deeds read
Why 92- Equity €701,110 (1.5% of total assets)+ Liquidity: current ratio 1.01, cash €19.2m+ Size: turnover €141.7m, 69.4 FTE, total assets €46.4m+ Founded in 1987Show the evidence

Checked score

Score 2025
92 / 100
Excellent
Probability in this band: under 0.55%
Better than 41% of its sector peers (NACE 73, medium-sized)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 27+1
equity 1.5% of total assets
Liquidity 50+29
short-term debt 98.2% · cash 41.3%
Profitability 55=
return on assets 1.6%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (117 companies)
Last 24 months 11-2024: 0.2%highest value 12-2024: 0.2%● 0.0% vs 11-2024highest value 01-2025: 0.2%● 0.0% vs 12-2024highest value 02-2025: 0.2%▼ -3.7% vs 01-2025 03-2025: 0.2%● 0.0% vs 02-2025 04-2025: 0.2%● 0.0% vs 03-2025 05-2025: 0.2%▲ +0.6% vs 04-2025 06-2025: 0.2%▼ -1.6% vs 05-2025 07-2025: 0.1%▼ -19.0% vs 06-2025 08-2025: 0.1%● 0.0% vs 07-2025 09-2025: 0.1%● 0.0% vs 08-2025 10-2025: 0.1%● 0.0% vs 09-2025 11-2025: 0.1%● 0.0% vs 10-2025 12-2025: 0.1%● 0.0% vs 11-2025 01-2026: 0.1%● 0.0% vs 12-2025 02-2026: 0.1%▼ -4.1% vs 01-2026 03-2026: 0.1%● 0.0% vs 02-2026 04-2026: 0.1%▼ -3.6% vs 03-2026 05-2026: 0.1%▼ -1.5% vs 04-2026 06-2026: 0.1%▲ +1.5% vs 05-2026 07-2026: 0.1%▲ +0.7% vs 06-2026 08-2026: 0.1%▼ -25.9% vs 07-2026lowest value 09-2026: 0.1%● 0.0% vs 08-2026lowest value 10-2026: 0.1%● 0.0% vs 09-2026lowest value
  • Equity €701,110 (1.5% of total assets) raises the probability
  • Liquidity: current ratio 1.01, cash €19.2m lowers the probability
  • Size: turnover €141.7m, 69.4 FTE, total assets €46.4m lowers the probability for this profile
  • Founded in 1987 lowers the probability for this profile
Credit up to €60,000 at 30 days acceptable
Liquidity tight (current ratio 1.01 against 1.01 in 2024; short-term debt: 98.2% and cash: 41.3% of total assets), and 98.5% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 73, medium-sized). Better than this share of them on solvency 6%, liquidity 53%, profitability 48%, growth against the median 55%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 06-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Equity €701,110 (1.5% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Liquidity: current ratio 1.01, cash €19.2m
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Size: turnover €141.7m, 69.4 FTE, total assets €46.4m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Founded in 1987
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 844 sector peers (2025).
NBB · sector comparison
Position among 844 sector peers
Solvency
better than 14%
← weakest strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €701,110
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
22 d early
2024
34 d early
2023
21 d early
2022
31 d early
2021
53 d early
2020
47 d early
2019
53 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 37 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.

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. Usually files around 30 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Appointment: Srl BDO (statutory auditor)Permanent representative: Cédric Antonelli
  2. Resignation: srl Christian NEVEUX et Associés…State Gazette act
  3. Annual accounts filedfiscal year 2025 · full…

Key points

  • Caution: Among the weakest 14% on solvencysector median 43.2% · 844 companies 1.5% View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Positive: Equity rose in 2025from €508,095 to €701,110 ▲ 38.0% View

By topic

Financials

Fiscal year
2025
Turnover
€141.7m
Profit
€722,060
Solvency
1.5%
Turnover▼ 5.9%
Net result
20182025
Go to Financials

Timeline

Events
17
Since
2017
Next accounts
by 31-07-2027
  1. 18-09-2026Appointment: Srl BDO (statutory auditor)
  2. 18-09-2026Resignation: srl Christian NEVEUX et Associés, Réviseurs…
  3. 09-07-2026Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Advertising agenciesNACE 73110
Founded
30-07-1987
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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 Is the workforce growing, and do people stay?Employer check 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

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.

We would like to set cookies. That happens only with your consent. What we measure