ESPACE NIVELLES

Active

Public limited companyfounded 200026 yrs activeAnspachlaan 1, 1000 Brussel, BelgiumKBO/BCE: BE 0472.279.241

Summary

ESPACE NIVELLES has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.17M and a net result of €1.53M. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.9% (low).

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Checked score

Score 2025

60 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability88▲+9

Solvency54▼-46

Growth85▲+7

Track record100

Bankruptcy probability, 12 months

0.9% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €130k at 30 days acceptable

Liquidity short (current ratio 0.88 against 9.43 in 2024; short-term debt: 71.5% and cash: 5.5% of total assets), and 71.5% of the assets are financed with debt.

How do we compute the score and the probability?

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

No NACE activity registered

No NACE activity is registered in the KBO, which is more common among companies that later fail.

KBO · activities

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

28.5%

Return on assets

20.1%

Age of the figures

9 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 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 · 10 filings

Deviation from the deadline

2025

11 d late

2024

14 d early

2023

43 d early

2022

23 d late

2021

26 d early

2020

2 d late

2019

66 d late

← before the deadline after the deadline →

Checked, nothing found (2)

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 months

Position in the running window

24-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, full schema

Turnover

€2.48M▲ 78.3%

2024 · €1.39M

2024: €1.39M

2024 → 2025

EBIT margin

71.1%▼ 9.1pp

2024 · 80.3%

2024: 80.3%

2024 → 2025

Net result

€1.53M▲ 56.7%

2024 · €977k

2018: €-7k 2019: €4k 2020: €-1k 2021: €-4k 2022: €2.09M 2023: €1.61M 2024: €977k

2018 → 2025

Working capital

€-637k

2024 · €3.18M

2018: €839k 2019: €843k 2020: €842k 2021: €3.12M 2022: €2.35M 2023: €2.00M 2024: €3.18M

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€1.39M€2.48M▲ 78.3%

Equity€838k-€2.93M▲ 250%€4.54M▲ 55.0%€5.52M▲ 21.5%€2.17M▼ 60.6%

Operating result€-4k-€2.72M€2.07M▼ 23.7%€1.12M▼ 46.1%€1.77M▲ 58.1%

Net result€-4k-€2.09M€1.61M▼ 22.9%€977k▼ 39.4%€1.53M▲ 56.7%

Result per fiscal year

Operating resultNet result

The operating result recovers in 2025; 2025 is 58% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €7.61M

36.9%

63.1%

Fixed assets €2.81M ▲ 20.4%

Current assets €4.80M ▲ 34.8%

Equity and liabilities €7.61M

28.5%

71.5%

Equity €2.17M ▼ 60.6%

Debt €5.44M ▲ 1,341%

Debt's share of the balance-sheet total rises from 6.4% to 71.5%. Equity is lower and debt is higher.

Key figures and ratios

2025 value · change against 2024

Current ratio

0.88▼

2024 · 9.43

Quick ratio

0.73▼

2024 · 5.38

Debt to equity

2.50▲

2024 · 0.07

ROE

70.4%▲

2024 · 17.7%

ROA

20.1%▲

2024 · 16.6%

Debt ≤ 1 year

€5.44M▲

2024 · €377k

Income taxes

€558k▲

2024 · €366k

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 · 2025 against 2024 · 49 lines

Balance sheet Code20242025

Assets

Total assets20/58€5.90M€7.61M▲

Fixed assets21/28€2.33M€2.81M▲

Financial fixed assets28€2.33M€2.81M▲

Current assets29/58€3.56M€4.80M▲

Stocks and contracts in progress3€1.53M€838k▼

Stocks30/36€1.53M€838k▼

Amounts receivable within one year40/41€1.98M€3.54M▲

Trade receivables40€71k€3k▼

Other amounts receivable41€1.91M€3.53M▲

Cash at bank and in hand54/58€38k€419k▲

Deferred charges and accrued income490/1€9k€9k=

Equity and liabilities

Total equity and liabilities10/49€5.90M€7.61M▲

Equity10/15€5.52M€2.17M▼

Contributions10/11€950k€950k=

Capital10€950k€950k=

Issued capital100€950k€950k=

Reserves13€1.22M€1.22M=

Non-distributable reserves130/1€95k€95k=

Legal reserve130€95k€95k=

Tax-exempt reserves132€1.13M€1.13M=

Profit (loss) carried forward14€3.34M€0▼

Amounts payable17/49€377k€5.44M▲

Amounts payable within one year42/48€377k€5.44M▲

Trade debts44€12k€6k▼

Suppliers440/4€12k€6k▼

Taxes, remuneration and social security45€365k€557k▲

Taxes450/3€365k€557k▲

Other amounts payable47/48-€4.88M

Income statement Code20242025

Turnover70€1.39M€2.48M▲

Goods, raw materials, services and sundry goods60/61€7k€6k▼

Other operating charges640/8€7k€1k▼

Gross operating margin9900€1.12M€1.77M▲

Operating profit (loss)9901€1.12M€1.77M▲

Financial income75/76B€225k€324k▲

Recurring financial income75€198k€324k▲

Non-recurring financial income76B€27k€0▼

Financial charges65/66B€1€2k▲

Recurring financial charges65€1€2k▲

Profit (loss) for the period before taxes9903€1.34M€2.09M▲

Income taxes67/77€366k€558k▲

Profit (loss) for the period9904€977k€1.53M▲

Profit (loss) for the period to be appropriated9905€977k€1.53M▲

Appropriation of the result

Profit (loss) to be appropriated9906€3.34M€4.88M▲

Profit (loss) brought forward from the previous period14P€2.37M€3.34M▲

Transfer to equity691/2€0-

To the legal reserve6920€0-

Profit to be distributed694/7-€4.88M

Return on contributions (dividend)694-€4.88M

Social balance

Average headcount (FTE)90870.00.0=

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 17Financial 6Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

11-09

State Gazette act Resignation: Adel Yahia Consult SRL (director)

Appointments: AG Investment Management SRL, Frederic Poesen and Jonas Nachtergaele · Permanent representative: Alfred Galle · Director discharge9 facts ▸

General meeting, 08-07-2026
Director resignation, Adel Yahia Consult SRL (director)
Director discharge, Adel Yahia Consult SRL
Director appointment, AG Investment Management SRL (director)
Permanent representative, Alfred Galle (permanent representative)
Auditor appointment, Frederic Poesen (permanent representative)
Auditor appointment, Jonas Nachtergaele (permanent representative)
Power of attorney, B-docs SRL
Declaration, approbation des décisions, actionnaire unique

11-08

NBB filing Annual accounts filed

fiscal year 2025 · full schema · 11 days late

2025

17-07

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Equity above €5MEq €5.52M ▲21.5%

3 profitable years in a row build equity to €5.52M.

18-06

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Liquidity doublescurrent ratio 22.51

Current ratio from 9.60 to 22.51; short-term debt falls from €273k to €93k.

23-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 23 days late

2022

31-12

Financial Back to profitnet €2.09M

Net result €2.09M after 2 loss-making years.

31-12

Financial Equity above €2MEq €2.93M ▲250%

Equity rises from €838k to €2.93M.

05-07

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

31-12

Financial Liquidity times 890current ratio 1225.59

Current ratio from 1.38 to 1225.59; short-term debt falls from €2.23M to €3k.

02-08

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 2 days late

Show earlier events

2020

05-10

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 66 days late

2019

31-12

Financial Back to profitnet €4k

Net result €4k after one loss-making year.

21-06

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

13-09

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 44 days late

2017

04-07

NBB filing Annual accounts filed

fiscal year 2016 · full schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 director, no change since 2026

AG Investment Management

Director · since 01-07-2026 · Private limited company · perm. rep.: Alfred Galle

Current

01-10-2026 Jonas Nachtergaele: Auditor of as Permanent representative

31-07-2026 Frederic Poesen: Auditor of as Permanent representative

01-07-2026 AG Investment Management: Appointed as Director

01-07-2026 ADEL YAHIA CONSULT: Resigned as Director

Location & real-estate footprint

Registered office, Brussel · 1 establishment unit since 2000

establishment The establishment unit on the map

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.

Anspachlaan 11000 Brussel

Ground area

6,482 m²

Building footprint

4,827 m²

Volume, LiDAR

188,668 m³

Parcel 21812N1468/00B000, Brussels · tallest building 74.9 m, ±8 floors. Linked by address, not a title deed.

1 establishment unit

Anspachlaan 1, 1000 Brussel

NACE 70201

since 20002.094.085.290

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21812N1468/00B000	Brussels	6,482 m²	1 · 4,827 m²	74.9 m · 8 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded04-07-2000

Fiscal year end31-12

Sources

Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.

ESPACE NIVELLES

Checked score

Signals

Financials · fiscal year 2025, full schema

Timeline · acts, filings and financial milestones

Directors · office · real estate

Structure & network

Connections & network

Company data · Crossroads Bank

ESPACE NIVELLES

Checked score

Signals

Financials · fiscal year 2025, full schema

Timeline · acts, filings and financial milestones

Directors · office · real estate

Structure & network

Connections & network

Company data · Crossroads Bank