Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 42 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
STYLESPACE from Charleroi, company number BE0438420402, closed financial year 2025 with a result of € -272,672 after tax. For that financial year STYLESPACE recorded a gross margin of € 169,967 and equity of € -3 million. Compared with financial year 2024, the result moved from € -258,396 to € -272,672. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ -3 million
▼ € 272,672 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -272,672
▼ 6 % more loss than in 2024
Profit after tax over the fiscal year.
€ 71,535
▼ 51% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3.6 million.
People and assets in 2025
6.7
▼ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 395,154
▼ 7% vs 2024
€ 59,000 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.
€ 1,363
▼ 54% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1.9 million
▲ 11% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 77,154
▲ 2% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 557,740 | € 646,189 | € 221,608 | € 169,967 | ▼ 23% |
| Profit after taxes | € 116,169 | € 145,974 | € -258,396 | € -272,672 | ▼ € 14,277 |
| Equity | € -2,571,484 | € -2,425,510 | € -2,683,906 | € -2,956,578 | ▼ € 272,672 |
| Total debts | € 5,164,976 | € 4,616,392 | € 4,077,129 | € 4,348,587 | ▲ 7% |
| Cash | € 394,324 | € 134,417 | € 146,497 | € 71,535 | ▼ 51% |
| Retained profit | € -3,176,344 | € -3,030,370 | € -3,288,766 | € -3,561,438 | ▼ € 272,672 |
| Bank debt | € 22,758 | € 21,862 | € 0 | € 0 | |
| Balance sheet total | € 2,593,492 | € 2,190,882 | € 1,393,223 | € 1,392,009 | |
| Employees (FTE) | 6.9 | 7.1 | 7.1 | 6.7 | ▼ 0.4 |
Key figures of STYLESPACE, 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 STYLESPACE?
What happened at STYLESPACE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 272,672. Source: NBB ↗
- Kurt Colin Consulting became a director. NBB
- AG Solutio became a director. NBB
- New establishment in Charleroi. KBO
- Start of the company according to the CBE. KBO
In short
From € 116,169 profit in 2022 to € 272,672 loss in 2025.
Paid € 2,110 in corporate taxes since 2022.
Best year ever: 2023, with € 145,974 profit.
On average € 25,400 of value added per employee in 2025.
Management
The stake of G2D SERVICES, AGEMAT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
STYLESPACEBehind STYLESPACE are Kurt Colin Consulting and AG Solutio. The shares are held by G2D SERVICES (100%) and AGEMAT (100%).
Directors
According to the 2025 annual accounts
Director · represented by Kurt COLIN
Also active at: DISTRI-LIGHT, ELECTRO MARKET DISCOUNT, GEBELUX, LIGHT - ELEC, AGEMAT, SWITCH LIGHTING STORE, LIGHT-ELEC BRABANT WALLON, LIGHT CONSULT RESEARCH +6 more
since 2024
Director · represented by Albert GERON
Also active at: DISTRI-LIGHT, ELECTRO MARKET DISCOUNT, GEBELUX, LIGHT - ELEC, SWITCH LIGHTING STORE, LIGHT-ELEC BRABANT WALLON, LIGHT CONSULT RESEARCH, LIGHT-ELECT HOLDING +4 more
since 2024
Shareholders
100%
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue des Hiercheuses 28
6001 Charleroi
Rue des Hiercheuses sn
6001 Charleroi
Active since 10 October 1989
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
- 0438.420.402
- VAT number
- BE 0438.420.402
- Registered office
- Rue des Hiercheuses 28, 6001 Charleroi
- Names & denominations
- STYLESPACE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 September 1989
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Groothandel in elektrisch materiaal inclusief installatiemateriaal
Groothandel in elektrisch materiaal, inclusief installatiemateriaal
Detailhandel in motorbrandstoffen
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in motorvoertuigen
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)