Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 57 % of short-term debt in 2025; threshold 65 %.
-
Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
E.SPACE from Avelgem, company number BE0734667508, closed financial year 2025 with a result of € 3,913 after tax. For that financial year E.SPACE recorded a gross margin of € 7,560 and equity of € -188,093. Compared with financial year 2024, the result moved from € -73,904 to € 3,913. Profitable, and profit is growing. 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 23, 2026.
€ -188,093
▲ € 3,913 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3,913
▲ still € 73,904 loss in 2024
Profit after tax over the fiscal year.
€ 67,645
▼ 1% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -208,093.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 27,575
▲ € 25,034 vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -12,473 | € -55,249 | € -34,803 | € 7,560 | ▲ € 42,362 |
| Profit after taxes | € -26,000 | € -90,671 | € -73,904 | € 3,913 | ▲ € 77,817 |
| Equity | € -27,431 | € -118,103 | € -192,006 | € -188,093 | ▲ € 3,913 |
| Total debts | € 1,266,847 | € 1,426,074 | € 1,090,567 | € 554,502 | ▼ 49% |
| Cash | € 92,772 | € 8,631 | € 68,647 | € 67,645 | ▼ 1% |
| Retained profit | € -47,431 | € -138,103 | € -212,006 | € -208,093 | ▲ € 3,913 |
| Bank debt | € 708,020 | € 708,051 | € 463,850 | € 0 | ▼ 100% |
| Balance sheet total | € 1,239,416 | € 1,307,972 | € 898,560 | € 366,409 | ▼ 59% |
Key figures of E.SPACE, 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 E.SPACE?
What happened at E.SPACE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 3,913. Source: NBB ↗
- Michiel Taelman became a director. NBB
- Jeff Vanhessche stepped down as director. NBB
- Jeff Vanhessche became a director. NBB
- New establishment in Avelgem. KBO
- Start of the company according to the CBE. KBO
In short
From € 26,000 loss in 2022 to € 3,913 profit in 2025.
Best year ever: 2025, with € 3,913 profit.
Management
The stake of ENTIRUS REALTY comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
E.SPACEBehind E.SPACE is Michiel Taelman. The shares are held by ENTIRUS REALTY (100%).
Directors
According to the 2025 annual accounts
Michiel Taelman
Director
Also active at: TAELMAN EN C°, IGNACE TAELMAN, BARTDECO, ENTIRUS REALTY, Taelman & Taelman, KAYAN HOLDING, DESEYN & TAELMAN, Immo Kasterhof +2 more
since 2025
since 2022 · until 2025
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Krevelstraat 11 A
8581 Avelgem
Krevelstraat 11 box A
8581 Avelgem
Active since 19 September 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0734.667.508
- VAT number
- BE 0734.667.508
- Registered office
- Krevelstraat 11 A, 8581 Avelgem
- Names & denominations
- E.SPACE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 September 2019
- Peppol
- Active · Active since 23 Jan 2025
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten