ACTIVE

SPACE

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Financial year 2022 · closed on 31/12/2022

Net result

1,2 k €

-93.5% YoY

Revenue

160,6 M €

-6.7% YoY

Equity

467,9 k €

+0.2% YoY

Workforce

98,1 ETP

+3.9% YoY

What does SPACE do?

SPACE is a Public limited company incorporated in 1987. Its main activity is: Advertising agencies. Its registered office is in Auderghem. It employs on average 98,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0431.666.727

Incorporation

30/07/1987

Legal form

Public limited company

Registered office

Avenue Tedesco 41
1160 Auderghem · BruxellesSee on map

Contributed capital

123 946,76 €

Latest accounts

31/12/2022

Average workforce

98,1 ETP

Activities (NACE)

73110Advertising agencies· main 73110Advertising agencies 73120Media representation 73120Media representation 74401Other professional, scientific and technical activities 74402Other professional, scientific and technical activities

Joint committees (2)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2009		2008		2007
Income statement
Revenue	160,6 M €	-6.7%	172,1 M €	+19.6%	143,8 M €	-19.3%	178,3 M €	-14.1%	207,6 M €	+3.3%	201 M €	+1.4%	198,2 M €	+21.9%	162,6 M €	+8.6%	149,6 M €	-2.2%	153 M €	-4.0%	159,4 M €	-5.4%	168,5 M €	+14.4%	147,3 M €	-11.3%	166,1 M €	-11.4%	187,4 M €
EBITDA	416,1 k €	-3.4%	430,5 k €	+5.2%	409,3 k €	-3.4%	423,5 k €	-16.3%	506,3 k €	-0.4%	508,1 k €	+10.6%	459,5 k €	+8.1%	425,1 k €	+17.7%	361,2 k €	+9.2%	330,7 k €	+23.1%	268,7 k €	+171%	-377,8 k €	-160%	632,5 k €	+466%	-172,8 k €	+7.7%	-187,1 k €
Operating result	141,6 k €	-15.1%	166,8 k €	+19.3%	139,9 k €	-12.4%	159,6 k €	-35.4%	247 k €	+60.1%	154,2 k €	-2.0%	157,4 k €	+23.1%	127,9 k €	+48.2%	86,3 k €	-12.6%	98,7 k €	+60.6%	61,5 k €	+272%	-35,7 k €	-127%	131 k €	+131%	-418,4 k €	+1.1%	-423,2 k €
Net result	1,2 k €	-93.5%	17,9 k €	+1494%	1,1 k €	-79.7%	5,5 k €	-93.7%	88 k €	+4600%	1,9 k €	-42.2%	3,2 k €	+30.4%	2,5 k €	+32.3%	1,9 k €	-96.0%	47,6 k €	+44.0%	33 k €	+354%	7,3 k €	+497%	1,2 k €	-7.1%	1,3 k €	-86.4%	9,6 k €
Balance sheet
Equity	467,9 k €	+0.2%	466,7 k €	+4.0%	448,8 k €	+0.3%	447,7 k €	+1.2%	442,2 k €	+24.9%	354,1 k €	+0.5%	352,3 k €	+0.9%	349 k €	+0.7%	346,5 k €	+0.5%	344,6 k €	+16.0%	297,1 k €	+12.5%	264,1 k €	+3.9%	254,1 k €	+0.5%	252,9 k €	+0.5%	251,6 k €
Total assets	45,5 M €	-2.4%	46,6 M €	+7.3%	43,4 M €	-14.7%	50,9 M €	-21.3%	64,7 M €	+1.0%	64 M €	+0.1%	64 M €	+35.9%	47,1 M €	+14.6%	41,1 M €	-1.8%	41,9 M €	-12.5%	47,8 M €	-9.2%	52,7 M €	+35.2%	39 M €	-11.3%	43,9 M €	-33.9%	66,4 M €
Cash	5,8 M €	+370%	1,2 M €	-86.0%	8,9 M €	+58.1%	5,6 M €	-46.9%	10,5 M €	-23.0%	13,7 M €	+152%	5,4 M €	-48.8%	10,6 M €	+43.6%	7,4 M €	+83.6%	4 M €	-27.7%	5,6 M €	-47.4%	10,6 M €	+331%	2,5 M €	+55.4%	1,6 M €	-64.3%	4,4 M €
Debts	44,9 M €	-2.5%	46 M €	+7.2%	42,9 M €	-14.8%	50,4 M €	-21.4%	64,1 M €	+0.8%	63,6 M €	+0.0%	63,6 M €	+36.1%	46,7 M €	+14.8%	40,7 M €	-1.8%	41,5 M €	-12.6%	47,4 M €	-9.3%	52,3 M €	+35.3%	38,7 M €	-10.6%	43,3 M €	-34.0%	65,5 M €
Other
Workforce	98,1 ETP	+3.9%	94,4 ETP	-4.9%	99,3 ETP	-0.7%	100,0 ETP	-3.4%	103,5 ETP	+7.0%	96,7 ETP	+12.7%	85,8 ETP	+21.0%	70,9 ETP	+9.8%	64,6 ETP	+3.4%	62,5 ETP	+2.0%	61,3 ETP	+3.4%	59,3 ETP	+2.1%	58,1 ETP	-5.8%	61,7 ETP	+1.5%	60,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2022 · 3 active · 25 ended

Active mandates

Tim IRWIN

Director · since 01 juillet 2022 · until 07 juin 2023

Active

François CHAUDOIR

Managing director · since 07 juin 2017 · until 07 juin 2023

Active

Karel VINCK

Director · since 07 juin 2017 · until 07 juin 2023

Active

Ended mandates

Corinne VERSTRAETE

Director · since 05 juin 2019 · until 07 juin 2023

Ended

Christian KEVERS

Chairman of the board of directors · since 07 juin 2017 · until 07 juin 2023

Ended

Christian KEVERS

Director · since 07 juin 2017 · until 05 juin 2019

Ended

Katrien DANEELS

Director · since 07 juin 2017 · until 05 juin 2019

Ended

At this address

Other companies at this address

Company	CBE no.
UNITED MEDIA AGENCIES● Active	0480.609.957

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/06/2025	10/07/2024	30/06/2023	08/06/2022	14/06/2021	08/06/2020
General meeting	12/06/2025	06/06/2024	07/06/2023	01/06/2022	02/06/2021	03/06/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	12/06/2025	27/06/2025	French	PDF
Full model	31/12/2023	06/06/2024	10/07/2024	French	PDF
Full model	31/12/2022	07/06/2023	30/06/2023	French	PDF
Full model	31/12/2021	01/06/2022	08/06/2022	French	PDF
Full model	31/12/2020	02/06/2021	14/06/2021	French	PDF
Full model	31/12/2019	03/06/2020	08/06/2020	French	PDF
Full model	31/12/2018	05/06/2019	17/06/2019	French	PDF
Full model	31/12/2017	06/06/2018	20/06/2018	French	PDF
Full model	31/12/2016	07/06/2017	09/06/2017	French	PDF
Full model	31/12/2015	01/06/2016	14/06/2016	French	PDF
Full model	31/12/2014	02/06/2015	08/06/2015	French	PDF
Full model	31/12/2013	11/06/2014	12/06/2014	French	PDF
Full model	31/12/2012	05/06/2013	13/06/2013	French	PDF
Full model	31/12/2011	06/06/2012	08/06/2012	French	PDF
Full model	31/12/2010	01/06/2011	08/06/2011	French	PDF
Full model	31/12/2009	02/06/2010	17/06/2010	French	PDF
Full model	31/12/2008	03/06/2009	12/06/2009	French	PDF
Full model	31/12/2007	04/06/2008	11/06/2008	French	PDF
Full model	31/12/2006	06/06/2007	04/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2022 · 3 active · 25 ended

Active mandates

Tim IRWIN

Director · since 01 juillet 2022 · until 07 juin 2023

Active

François CHAUDOIR

Managing director · since 07 juin 2017 · until 07 juin 2023

Active

Karel VINCK

Director · since 07 juin 2017 · until 07 juin 2023

Active

Ended mandates

Corinne VERSTRAETE

Director · since 05 juin 2019 · until 07 juin 2023

Ended

Christian KEVERS

Chairman of the board of directors · since 07 juin 2017 · until 07 juin 2023

Ended

Christian KEVERS

Director · since 07 juin 2017 · until 05 juin 2019

Ended

Katrien DANEELS

Director · since 07 juin 2017 · until 05 juin 2019

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/09/2026
FIN DE MANDAT CABINET DU COMMISSAIRE AUX COMPTES
PDF
Mandates18/09/2026
NOUVEAU MANDAT DU COMMISSAIRE AUX COMPTES :
PDF
Mandates16/02/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates21/05/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates27/05/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates11/09/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates24/10/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates22/08/2016
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

01/01/2024
nominationGautier PICQUET — administrateur
07/06/2023
nominationChristian NEVEUX — commissaire
07/06/2023
reconductionKarel VINCK — administrateur
07/06/2023
reconductionFrançois CHAUDOIR — administrateur
2022
Annual accounts 20221,2 k €↓
01/07/2022
nominationANTELION — administrateur
2021
Annual accounts 202117,9 k €↑
2020
Annual accounts 20201,1 k €↓
2019
Annual accounts 20195,5 k €↓
2018
Annual accounts 201888 k €↑
2017
Annual accounts 20171,9 k €↓
2016
Annual accounts 20163,2 k €↑
2015
Annual accounts 20152,5 k €↑
2014
Annual accounts 20141,9 k €↓
2013
Annual accounts 201347,6 k €↑
2012
Annual accounts 201233 k €↑
2011
Annual accounts 20117,3 k €↑
2009
Annual accounts 20091,2 k €↓
2008
Annual accounts 20081,3 k €↓
2007
Annual accounts 20079,6 k €
30/07/1987
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

SPACE

Overview

What does SPACE do?

Trend over 15 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline