ESKA BAY
ActiveThe file of ESKA BAY contains 2 judicial reorganisations, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is ≥ 25% (high). The 2024 annual accounts show equity of €431k and a net result of €47k. Equity is growing by ~18.4% per year across the filed fiscal years. Its solvency ranks better than 69% of 1124 sector peers (fiscal year 2024).
Checked score
Score 2024
40
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability76▲+3
Solvency77▲+15
Growth52=
Track record60
Bankruptcy probability, 12 months
≥ 25%
High
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days only on tighter terms
Liquidity ample (current ratio 1.8 against 1.45 in 2023; short-term debt: 48.1% and cash: 6.6% of total assets), and 48.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
36 d late
2022
70 d late
2021
72 d late
2020
61 d late
2019
208 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€1.50M
EBIT margin
5.0%
Net result
€47k▲ 23.6%
2023 · €38k
2018: €61k
2019: €30k
2020: €38k
2021: €60k
2022: €53k
2023: €38k
2018 → 2024
Working capital
€318k▲ 7.3%
2023 · €296k
2018: €155k
2019: €160k
2020: €189k
2021: €239k
2022: €261k
2023: €296k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€1.50M
Equity€231k-€293k▲ 26.7%€346k▲ 18.1%€384k▲ 11.0%€431k▲ 12.3%
Operating result€48k-€94k▲ 98.1%€74k▼ 21.1%€42k▼ 43.7%€66k▲ 57.0%
Net result€38k-€60k▲ 57.5%€53k▼ 11.2%€38k▼ 28.1%€47k▲ 23.6%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 57% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €830k
Fixed assets
€113k▲ 29.1%
Current assets
€717k▼ 25.3%
Equity and liabilities €830k
Equity
€431k▲ 12.3%
Debt
€399k▼ 39.9%
The debt ratio falls from 63.3% to 48.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€91k▲
2023 · €64k
Cash flow
€72k▲
2023 · €60k
Solvency
51.9%▲
2023 · 36.7%
Current ratio
1.80▲
2023 · 1.45
Quick ratio
1.80▲
2023 · 1.45
Debt / equity
0.93▼
2023 · 1.73
ROE
10.9%▲
2023 · 9.9%
ROA
5.7%▲
2023 · 3.6%
Interest coverage
14.95▼
2023 · 16.78
Debt
€399k▼
2023 · €663k
Debt ≤ 1 year
€399k▼
2023 · €663k
Income taxes
€13k
Staff costs
€543k▲
2023 · €464k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.05M€830k▼
Fixed assets21/28€88k€113k▲
Tangible fixed assets22/27€73k€99k▲
Furniture and vehicles24€65k€95k▲
Leasing and similar rights25€8k€4k▼
Financial fixed assets28€15k€15k=
Current assets29/58€960k€717k▼
Amounts receivable within one year40/41€708k€651k▼
Trade receivables40€659k€614k▼
Other amounts receivable41€49k€37k▼
Cash at bank and in hand54/58€79k€55k▼
Deferred charges and accrued income490/1€173k€11k▼
Equity and liabilities
Total equity and liabilities10/49€1.05M€830k▼
Equity10/15€384k€431k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€363k€410k▲
Amounts payable17/49€663k€399k▼
Amounts payable within one year42/48€663k€399k▼
Current portion of amounts payable after more than one year42-€11k
Financial debts43€40k-
Credit institutions430/8€40k-
Trade debts44€505k€92k▼
Suppliers440/4€505k€92k▼
Taxes, remuneration and social security45€118k€295k▲
Taxes450/3€80k€49k▼
Remuneration and social security454/9€38k€247k▲
Income statement
Code20232024
Remuneration, social security and pensions62€464k€543k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€25k▲
Other operating charges640/8€44k€17k▼
Gross operating margin9900€572k€650k▲
Operating profit (loss)9901€42k€66k▲
Financial charges65/66B€4k€6k▲
Recurring financial charges65€4k€6k▲
Profit (loss) for the period before taxes9903€38k€60k▲
Income taxes67/77-€13k
Profit (loss) for the period9904€38k€47k▲
Profit (loss) for the period to be appropriated9905€38k€47k▲
Appropriation of the result
Profit (loss) to be appropriated9906€363k€410k▲
Profit (loss) brought forward from the previous period14P€325k€363k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise francophone de Bruxelles · 20240083 · event 19-12-2024
08-10
Judicial reorganisation
Opening
Tribunal de l’entreprise francophone de Bruxelles · collectif · event 02-10-2024
05-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 36 days late
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 70 days late
2022
11-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 72 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
24-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 208 days late
2020
31-12
Financial
Equity above €200kEq €231k ▲19.6%
3 profitable years in a row build equity to €231k.
2019
31-12
Financial
Weakest financial yearnet €30k ▼51.8%
Net result drops to €30k, the lowest in the series; recovery starts the following year.
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 71 days late
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 62 days late
2017
26-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 148 days late
2016
26-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Schaarbeek · 2 establishment units since 2014
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.
Vanderlindenstraat 311030 SchaarbeekGround area
8,588 m²
Building footprint
1,358 m²
Volume, LiDAR
8,130 m³
2 parcels, Brussels, Flanders · tallest building 17.4 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
BAY SPEED SERVICES
since 20142.235.897.312
BAY SPEED
since 20162.257.954.716
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11815A0261/00M002 | Flanders | 8,358 m² | 1 · 1,233 m² | 7.2 m · 2 fl. |
| 21910E0066/03F010 | Brussels | 229 m² | 1 · 125 m² | 17.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
VERPETCON
BE 0448.696.660
Blankenberge · Eq €431k
NATURAL FOODS LOGISTICS
BE 0636.771.049
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TRANSPORT DESMET - NAERT
BE 0440.535.891
Roeselare · Eq €431k
V.D.B. - TRANS
BE 0455.523.480
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ALP TRANSPORT
BE 0475.947.722
Brussel · Eq €432k
Of 12,606 companies in sector 49410 we hold annual accounts for 8,203. 5,424 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-05-2004
Fiscal year end31-12
Trade name NL
BAY SPEED SERVICES
Activities, NACEBEL
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.