SPEECHLESS
ActiveSummary
The computed 12-month bankruptcy probability of SPEECHLESS is 2.1% (moderate). The 2025 annual accounts show negative equity (-€643,210) and a net result of -€599,368. Its solvency ranks better than 9% of 4188 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability19▲+10
Solvency14▼-10
Growth55
Track record82
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.85 against 0.55 in 2024; short-term debt: 19.5% and cash: 2.2% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-11.3%
Return on assets
-10.5%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year -€643,210
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-09-2026, 50 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2025
50 d late
2024
67 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 59 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€9.8m▲ 544%
2024 · €1.5m
EBIT margin
-3.6%▲ 11.8pp
2024 · -15.4%
Net result
-€599,368▼ 104%
2024 · -€293,842
Working capital
-€168,966▲ 86.0%
2024 · -€1.2m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Turnover€1.5m-€9.8m▲ 544%
Operating result-€233,893--€351,300▼ 50.2%
Net result-€293,842--€599,368▼ 104%
EBIT margin-15.4%--3.6%▲ 11.8pp
Equity-€43,842--€643,210▼ 1,367%
Total assets€6.5m-€5.7m▼ 12.2%
Debt€6.5m-€6.3m▼ 3.0%
Working capital-€1.2m--€168,966▲ 86.0%
Staff (FTE)4.4-19.8▲ 350%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €351,300 in 2025 against €233,893 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.4m
Fixed assets
€4.4m ▼ 4.1%
Current assets
€943,530 ▼ 35.6%
Key figures and ratios
EBITDA
€218,517▲
2024 · -€79,374
Cash flow
-€29,551▲
2024 · -€139,322
Solvency
-11.3%▼
2024 · -0.7%
Current ratio
0.85▲
2024 · 0.55
Quick ratio
0.41▲
2024 · 0.40
Debt to equity
-9.86
ROA
-10.5%▼
2024 · -4.5%
Interest coverage
0.99▲
2024 · -1.32
Debt ≤ 1 year
€1.1m▼
2024 · €2.7m
Debt > 1 year
€5.2m▲
2024 · €3.8m
Income taxes
€193▲
2024 · €40
Staff costs
€864,654▲
2024 · €156,758
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Turnover70 | €1.5m | €9.8m | ▲ 544% |
| Non-recurring operating income76A | €228,000 | €141,684 | ▼ 37.9% |
| Goods, raw materials, services and sundry goods60/61 | €1.7m | €9.0m | ▲ 425% |
| Remuneration, social security and pensions62 | €156,758 | €864,654 | ▲ 452% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €154,520 | €569,817 | ▲ 269% |
| Other operating charges640/8 | €3,863 | €66,632 | ▲ 1,625% |
| Non-recurring operating charges66A | - | €502 | - |
| Gross operating margin9900 | €81,247 | €1.2m | ▲ 1,316% |
| Operating profit (loss)9901 | -€233,893 | -€351,300 | ▼ 50.2% |
| Financial income75/76B | €85 | €4,884 | ▲ 5,673% |
| Recurring financial income75 | €85 | €4,884 | ▲ 5,673% |
| Financial charges65/66B | €59,993 | €252,758 | ▲ 321% |
| Recurring financial charges65 | €59,993 | €220,684 | ▲ 268% |
| Non-recurring financial charges66B | - | €32,075 | - |
| Profit (loss) for the period before taxes9903 | -€293,802 | -€599,175 | ▼ 104% |
| Income taxes67/77 | €40 | €193 | ▲ 380% |
| Profit (loss) for the period9904 | -€293,842 | -€599,368 | ▼ 104% |
| Profit (loss) for the period to be appropriated9905 | -€293,842 | -€599,368 | ▼ 104% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €6.5m | €5.7m | ▼ 12.2% |
| Formation expenses20 | €412,436 | €331,095 | ▼ 19.7% |
| Fixed assets21/28 | €4.6m | €4.4m | ▼ 4.1% |
| Tangible fixed assets22/27 | €4.6m | €4.4m | ▼ 3.9% |
| Land and buildings22 | €3.0m | €2.9m | ▼ 3.6% |
| Plant, machinery and equipment23 | €946,820 | €917,317 | ▼ 3.1% |
| Furniture and vehicles24 | €622,156 | €507,931 | ▼ 18.4% |
| Leasing and similar rights25 | - | €72,897 | - |
| Financial fixed assets28 | €15,300 | €5,804 | ▼ 62.1% |
| Current assets29/58 | €1.5m | €943,530 | ▼ 35.6% |
| Stocks and contracts in progress3 | €397,192 | €489,991 | ▲ 23.4% |
| Stocks30/36 | €397,192 | €489,991 | ▲ 23.4% |
| Amounts receivable within one year40/41 | €405,219 | €309,420 | ▼ 23.6% |
| Trade receivables40 | €275,996 | €117,985 | ▼ 57.3% |
| Other amounts receivable41 | €129,223 | €191,435 | ▲ 48.1% |
| Cash at bank and in hand54/58 | €659,310 | €123,484 | ▼ 81.3% |
| Deferred charges and accrued income490/1 | €3,397 | €20,634 | ▲ 507% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €6.5m | €5.7m | ▼ 12.2% |
| Equity10/15 | -€43,842 | -€643,210 | ▼ 1,367% |
| Contributions10/11 | €250,000 | €250,000 | = |
| Capital10 | €250,000 | €250,000 | = |
| Issued capital100 | €250,000 | €250,000 | = |
| Profit (loss) carried forward14 | -€293,842 | -€893,210 | ▼ 204% |
| Amounts payable17/49 | €6.5m | €6.3m | ▼ 3.0% |
| Amounts payable after more than one year17 | €3.8m | €5.2m | ▲ 35.4% |
| Financial debts170/4 | €3.8m | €5.2m | ▲ 35.4% |
| Amounts payable within one year42/48 | €2.7m | €1.1m | ▼ 58.3% |
| Current portion of amounts payable after more than one year42 | €245,898 | €402,473 | ▲ 63.7% |
| Trade debts44 | €2.2m | €510,118 | ▼ 76.9% |
| Suppliers440/4 | €2.2m | €510,118 | ▼ 76.9% |
| Taxes, remuneration and social security45 | €39,835 | €99,840 | ▲ 151% |
| Taxes450/3 | €21,215 | €19,606 | ▼ 7.6% |
| Remuneration and social security454/9 | €18,619 | €80,234 | ▲ 331% |
| Other amounts payable47/48 | €172,486 | €100,064 | ▼ 42.0% |
| Accrued charges and deferred income492/3 | €15,781 | €17,904 | ▲ 13.5% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€293,842 | -€599,368 | ▼ 104% |
| + Depreciation and write-downs630 | €154,520 | €569,817 | ▲ 269% |
| Operating cash flow (approximation) | -€139,322 | -€29,551 | ▲ 78.8% |
| Investment in fixed assets (approximation) | - | -€378,976 | - |
| Change in cash | - | -€535,826 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 50 days late
2025
06-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 67 days late
NBB filing
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Namur · 1 establishment unit since 2024
Ground area
1,064 m²
Parcel 92021C0160/00M014, Wallonia. Linked by address, not a title deed.
1 establishment unit
Intermarché Bouge Beez
since 20242.364.366.486
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92021C0160/00M014indicative | Wallonia | 1,064 m² | - | - |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteNamur2.364.366.486
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Of 10,506 companies in sector 47110 we hold annual accounts for 5,849. 1,862 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded06-05-2024
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
10850Manufacture of food products
Contact
Phone
+32498451839
Scores and ratios are computed by Checked and are not a credit decision.