Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 15 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SPACEBEL from Liège, company number BE0435536532, closed financial year 2025 with a result of € 179,589 after tax. For that financial year SPACEBEL recorded revenue of € 8.4 million and equity of € 8.8 million. Compared with financial year 2024, the result moved from € 528,227 to € 179,589. The company is profitable. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 2, 2026.
€ 8.8 million
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 179,589
▼ 66% vs 2024
Profit after tax over the fiscal year.
€ 1.2 million
▲ € 934,929 vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 450,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
56.3
▲ 3.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 6.3 million
▲ 7% vs 2024
€ 111,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 39,417
▼ 32% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 463,847
▼ 34% vs 2024
€ 199,575 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 2 million
▲ 37% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 89 days on average.
€ 1.1 million
▲ 3% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 7,281,636 | € 8,356,899 | € 17,081,429 | € 8,449,834 | ▼ 51% |
| Profit after taxes | € 579,455 | € 574,550 | € 528,227 | € 179,589 | ▼ 66% |
| Equity | € 8,867,842 | € 8,992,392 | € 9,070,619 | € 8,800,208 | ▼ 3% |
| Total debts | € 28,732,460 | € 31,652,176 | € 26,176,351 | € 30,732,889 | ▲ 17% |
| Cash | € 5,605,049 | € 1,073,006 | € 244,275 | € 1,179,205 | ▲ € 934,929 |
| Land & buildings | € 1,177,089 | € 1,119,381 | € 1,113,295 | € 1,154,260 | ▲ 4% |
| Retained profit | € 2,867,742 | € 2,992,292 | € 3,070,519 | € 2,800,108 | ▼ 9% |
| Dividend | € 300,000 | € 450,000 | € 450,000 | € 450,000 | |
| Bank debt | € 1,163,708 | € 932,278 | € 699,016 | € 463,847 | ▼ 34% |
| Balance sheet total | € 37,679,072 | € 40,744,187 | € 35,432,724 | € 39,616,824 | ▲ 12% |
| Employees (FTE) | 52.4 | 50.8 | 52.5 | 56.3 | ▲ 3.8 |
Key figures of SPACEBEL, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to SPACEBEL?
What happened at SPACEBEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- SRL NOSHAQ PARTNERS stepped down as director. NBB
- SPARAXIS stepped down as director. NBB
- DU PRE CONSULT stepped down as director. NBB
- JEAN- MICHEL D'OULTREMONT stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 179,589 (▼ 66% vs 2024). Source: NBB ↗
- ELMA HOLDING SRL became a director. NBB
- DU PRE CONSULT became a director. NBB
- SRL NOSHAQ PARTNERS became a director. NBB
In short
From € 579,455 profit in 2022 to € 179,589 profit in 2025.
Paid € 309,726 in corporate taxes since 2022.
Best year ever: 2022, with € 579,455 profit.
Paid out € 1.7 million in dividends to the owners in total.
A new publication or filing at SPACEBEL? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind SPACEBEL is ELMA HOLDING SRL. The shares are held by Wallonie Entreprendre (59.6%) and NOSHAQ (32.8%). It owns 100% of SPACEBEL SAS, 100% of SPACEBEL VLAANDEREN and 51% of N7 SPACE itself.
Directors
According to the 2025 annual accounts
since 2025
Director · represented by THIERRY DU PRE WERSON
since 2025 · until 2028
Director · represented by DIMITRI LIQUET
Also active at: CAUTION MUTUELLE DES METIERS ET NEGOCES, Fonderies J. Marichal Ketin et Cie, DARDENNE, SOGECOM, VITAVERDE.BIO, HAEMERS Technologies, NOSHAQ VENTURE, SNEL GRAFICS +167 more
since 2025 · until 2028
Director · represented by COLIN LOYENS
Also active at: C.P. Bourg, A.M.B., Jean Goldschmidt International, Ateliers Pierre Cerfontaine, Floridienne, Fonderies J. Marichal Ketin et Cie, JUNGLING, MEBF +223 more
since 2025 · until 2028
JEAN- MICHEL D'OULTREMONT
Director
since 2025 · until 2028
Shareholders
59.6%
32.8%
Participations
Establishments
Establishment units
Physical locations of this company
Rue des Chasseurs-Ardennais 6
4031 Liège
Ildefonse Vandammestraat 7
1560 Hoeilaart
Active since 21 November 1990
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0435.536.532
- VAT number
- BE 0435.536.532
- Registered office
- Rue des Chasseurs-Ardennais 6, 4031 Liège
- Names & denominations
- SPACEBEL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 September 1988
- Peppol
- Active · Active since 10 Dec 2025
- Activities · NACE
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