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SPEECHLESS

Active Public limited companyfounded 2024active for 2 yearsRoute de Hannut 74, 5004 NamurKBO/BCE: BE 1009.099.017

Overview

Lifetime

2 annual accounts with figures on one time axis
peak €9.8m (2025)
€9.8m▲ 544%
lowest -€599,368 (2025)
-€599,368▼ €305,526
peak -€43,842 (2024)
-€643,210▼ €599,368
€6.3m▼ 3.0%
peak 19.8 FTE (2025)
19.8 FTE▲ 350%
Board2 names since 2024
Owners3 names in the annual accounts
51%CHARLES DURLET and 2 others
Documentsfilings and deeds
19-09-202650 days late
2025financial year
Turnover from €1.5m to €9.8mGross margin from €81,247 to €1.2mLoss of €599,368Staff from 4.4 FTE to 19.8 FTEEquity from -€43,842 to -€643,210Cash from €659,310 to €123,484

Key points

from the 2025 annual accounts

Equity

-€643,210
20242025

Debts exceed assets in financial year 2025.

Losses

-€893,210 in two years
-293,8422024-599,3682025

The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.

Turnover

€9.8m ▲ 544%
€1.5m2024€9.8m2025

Turnover rose in 2025 from €1.5m to €9.8m.

Debts

€6.3m 111% of the balance sheet
Financial debts 82%Suppliers 8%Taxes and wages 2%Other 8%

Of this, €1.1m falls due within a year.

Staff

21 employees on 31-12-2025
213202413102025

In 2025, 13 people joined and 10 left.

Payment terms

21 days to suppliers
Suppliers
473 to 21
Customers
66 to 4

SPEECHLESS pays its suppliers 452 days earlier than in 2024. Customers pay 62 days earlier.

2025 accounts filed 50 days after the deadline

Checked score

36
Weak
Financially stronger than 31% of small companies in retail trade (NACE 47)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
5.3% Elevated
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.4% across 3,698 companies (NACE 47, small).

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 06-2025: 3.3% 07-2025: 3.3%● unchanged vs 06-2025 08-2025: 3.4%▲ +0.1 percentage points vs 07-2025 09-2025: 3.9%▲ +0.5 percentage points vs 08-2025 10-2025: 4.3%▲ +0.4 percentage points vs 09-2025 11-2025: 2.7%▼ -1.6 percentage points vs 10-2025 12-2025: 2.8%▲ +0.1 percentage points vs 11-2025 01-2026: 2.8%● unchanged vs 12-2025 02-2026: 2.7%▼ -0.1 percentage points vs 01-2026 03-2026: 2.7%● unchanged vs 02-2026lowest value 04-2026: 3.2%▲ +0.5 percentage points vs 03-2026 05-2026: 3.6%▲ +0.4 percentage points vs 04-2026 06-2026: 3.8%▲ +0.2 percentage points vs 05-2026 07-2026: 4.0%▲ +0.2 percentage points vs 06-2026 08-2026: 4.6%▲ +0.6 percentage points vs 07-2026 09-2026: 4.7%▲ +0.1 percentage points vs 08-2026 10-2026: 5.3%▲ +0.6 percentage points vs 09-2026highest value 11-2026: 5.3%● unchanged vs 10-2026highest value

Financial strength
Weak

14-10equity -11.3% of total assets
47+4short-term debt 19.5% · cash 2.2%
19+10return on assets -10.5%

Score breakdown

raises risk
Liquidity: current ratio 0.85, cash €123,484, halved
1 change of registered office in 24 months
Loss of €599,368, the second in a row (financial year 2025)
Last filed accounts filed 50 days late; 2 of the last 3 accounts late
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, small). It does better than 7% of them on solvency, 56% on liquidity, 13% on profitability and 50% on growth.

The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 490 companies had the same profile as SPEECHLESS has now. Each dot is one company, two years later.

88.8%
were still trading
3.9%
stopped another way
6.7%
went bankrupt
  • Small
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more

Another 0.6% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of SPEECHLESS itself: 5.3% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 490 companies, not a prediction for SPEECHLESS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

No credit on open account

Liquidity is insufficient, with a current ratio of 0.85 (0.55 in 2024), below 1. Short-term debt is 19.5% and cash 2.2% of total assets. Equity is negative.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Seven signals.
raises risk
raises risk · Liquidity: current ratio 0.85, cash €123,484, halved
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Loss of €599,368, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Last filed accounts filed 50 days late; 2 of the last 3 accounts late
NBB · filings
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
2425
2024 to 2025 · latest year -€643,210
raises risk · Young company
Founded in 2024, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 years
raises risk · 2025 accounts filed 50 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filings
Deviation from the deadline
2025
50 days late
2024
67 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 2 accounts on average 59 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since incorporation in 2024.
KBO publications

Board and ownership

  • CHARLES DURLET 51%annual accounts 2025
  • MELANIE STAELENS 49.99%annual accounts 2025
  • I.T.M. BELGIUM 0.01%equity €3.3m (2025) · annual accounts 2025
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:1009099017
Registered office moved to Bouge New registered office: Route de Hannut 74, 5004 Bouge · General meeting of 06-12-2024 · Gazette deed
Capital increase of €50,000 to €250,000 Capital from €200,000 to €250,000 · Contributions: DURLET CHarles Philippe Christian Joseph Ghislain (€25,000); STAELENS Mathilde Marie Ghislaine (€25,000) · General meeting of 14-06-2024 · Gazette deed
Incorporation Founding capital of €200,000, 6,000 shares · Founders: ITM BELGIUM, DURLET Charles Philippe Christian Joseph Ghislain and STAELENS Mathilde Marie Ghislaine · Appointments: DURLET Charles Philippe Christian Joseph Ghislain (sole director) and STAELENS Mathilde Marie Ghislaine (alternate director) · published on 08-05-2024 · Gazette deed
All 7 events

Comparable companies

same main activity, similar in size and age
Company
SPEECHLESS Namur €5.7m €1.2m -11.3% 19.8
F-LDS-SHOPPING Sambreville €4.9m €1.6m 12.4% 16.1
MOFER Eghezée €5.3m €1.4m -13.2% 25.6
HELIA RETAIL Menen €4.0m €1.5m 9.8% 23.6
SPAOLO Spa €4.5m €1.6m -1.5% 23
NALIM Wavre €4.2m €0.9m -2.3% 24.4
BAYRAK RETAIL Steenokkerzeel €8.2m €1.2m 0.0% 26.2

These companies have the same main activity as SPEECHLESS: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €4m and €8.2m, founded between 2023 and 2024.

Official details

Source: KBO
Status
Active since 06-05-2024Normal situation
Activity
Non-specialised retail sale with food, beverages or tobacco predominatingNACE 47110and 1 other
Joint committee
202.01Medium-sized food businesses · annual accounts 2025
Establishment unit
2.364.366.4865004 Namur, since 06-05-2024
Financial year end
31 December
Peppol
Reachable since 12-12-2025
Company details

Annual accounts 2025

€9.8m▲ 544%
€599,368▲ 104%
-€643,210▼ 1,367%
€5.7m▼ 12.2%
Employeeson 31-12-2025
21▲ 16.7%
Filing
Filed on 19-09-2026
Financials

Insights on SPEECHLESS

SPEECHLESS has existed since 2024. The present size dates from 2025. Turnover rose that year from €1.5m to €9.8m and staff from 4.4 to 19.8 full-time equivalents.

Solvency fell in 2025 from -0.7% to -11.3% because of the loss.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

full format, filed on 19-09-2026, 50 days late
€9.8m
▲ 544%
-€351,300
▼ €117,407
€218,517
▲ €297,891
-€29,551
▲ €109,772
-11.3%
▼ 10.6 percentage points
0.85
▲ 0.30

Money flows

of every €100 of turnover, €6.12 was lost in 2025

Balance sheet

balance sheet total €5.7m on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

-11.3%

Higher than 9% of 5,069 companies in 2025.

0.85

Higher than 18% of 4,995 companies in 2025.

-10.5%

Higher than 10% of 5,038 companies in 2025.

SPEECHLESS Middle half of the sector 80% of the sector Full accounts in retail trade (NACE 47)

Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: top quarter · Working capital: bottom quarter · Staff: middle half

Staff

€43,669

Staff costs divided by the average number of full-time equivalents.

+3 people

people who joined people who left

In 2025, 13 people joined and 10 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024
Balance sheet: assets
20/58 5.7m6.5m
20 331,095412,436
21/28 4.4m4.6m
22/27 4.4m4.6m
22 2.9m3.0m
23 917,317946,820
24 507,931622,156
25 72,897-
28 5,80415,300
29/58 943,5301.5m
3 489,991397,192
30/36 489,991397,192
40/41 309,420405,219
40 117,985275,996
41 191,435129,223
54/58 123,484659,310
490/1 20,6343,397
Balance sheet: equity and liabilities
10/49 5.7m6.5m
10/15 -643,210-43,842
10/11 250,000250,000
10 250,000250,000
100 250,000250,000
14 -893,210-293,842
17/49 6.3m6.5m
17 5.2m3.8m
170/4 5.2m3.8m
42/48 1.1m2.7m
42 402,473245,898
44 510,1182.2m
440/4 510,1182.2m
45 99,84039,835
450/3 19,60621,215
454/9 80,23418,619
47/48 100,064172,486
492/3 17,90415,781
Income statement
70 9.8m1.5m
76A 141,684228,000
9900 1.2m81,247
60/61 9.0m1.7m
62 864,654156,758
630 569,817154,520
640/8 66,6323,863
66A 502-
9901 -351,300-233,893
75/76B 4,88485
75 4,88485
65/66B 252,75859,993
65 220,68459,993
66B 32,075-
9903 -599,175-293,802
67/77 19340
9904 -599,368-293,842
9905 -599,368-293,842
Appropriation of the result
9906 -893,210-293,842
14P -293,842-
Social balance sheet
9087 19.84.4
Hours worked1013 32,4056,820
Document PDFPDF

The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 19-09-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 50 days after the deadline. Filed on 19 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00516830.

Financial year Type Filed Reference Document
31-12-2025 full format 19-09-2026 2026-00516830 PDF
31-12-2024 full format 06-10-2025 2025-00531302 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024
218,517-79,374
-29,551-139,322
302,3294.8m
-535,826-
-168,966-1.2m
-3.6%-15.4%
-11.3%-0.7%
0.850.55
0.410.40
-10.5%-4.5%
0.99-1.32
4 days66 days
21 days473 days

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-202531-12-2024
Employees at the balance-sheet date2118
full-time2018
part-time1-
in full-time equivalents20.518
19.84.4
On a permanent contract209
Joined1321
Left103

Source: social balance sheet in the 2024 to 2025 annual accounts

Investments

fixed assets acquired
Item20252024
Tangible fixed assets€302,329€4.7m
Financial fixed assets-€15,300
€569,817€154,520

Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)

Insights on SPEECHLESS

The operating result for 2025 is a loss of €351,300, larger than the loss of €233,893 in 2024.

Equity is negative. Debt (€6.3m) exceeds the balance-sheet total (€5.7m).

Board & ownership

Board

1 director, since incorporation
Sole director
since 06-05-2024 term without a fixed end
also on the board of 2 other companies
listed in the 2025 annual accounts, filed on 19-09-2026

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
BoardEarlierend not dated
Mandates as a list
  • DURLET Charles Philippe Christian Joseph Ghislain
    • Sole director, from 06-05-2024 to date
  • STAELENS Mathilde Marie Ghislaine
    • Alternate director, appointed by deed of 08-05-2024, no longer listed in the 2025 annual accounts

See the board, name and registered office on a given date →

Control

Shareholder
CHARLES DURLET
3,001 voting rights
51%
This company
SPEECHLESS
Equity -€643,210
Loss €599,368 in 2025

and 2 other shareholders

Capital

Capital
€250,000
Shares
6,000
Contribution per share
€41.67
Equity per share
-€107 in 2025
Source
deed of 18-06-2024

Owners through the years

as the annual accounts name them
CHARLES DURLET
natural person
51%
MELANIE STAELENS
natural person
49.99%
Owners as a list

Source: shareholder structure in its own accounts

Articles of association

deed of 08-05-2024 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 3 directors
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Moitié cédant moitié acquéreurs au prorata, mutatis mutandis par héritiers ou légataires”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
“Article 25 - Réunion - Convocation L'assemblée générale ordinaire se réunit annuellement le quinzième jour du mois de mai, à 14 heures. Si…”
Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one.
No statutory auditor

Shareholders

3 owners

Owners 3

Capital transactions

Shareholders according to the deeds
At incorporation deed of 08-05-2024 ↗
Capital over time
  1. 18-06-2024 Capital increase of €50,000 · to €250,000 · no new shares · in cash
  2. 08-05-2024 Incorporation · €200,000 · 6,000 shares

Network & group

No group

SPEECHLESS has no parent and no holdings in its annual accounts. DURLET Charles Philippe Christian Joseph Ghislain is the only director.

Connections & network

3 connected companies
Linked via shared directors
WINDMILL
Founded in 2023 · 36 FTE (2025) · negative equity
→
SMOSIM
via STAELENS Mathilde Marie Ghislaine · Director (not named in the articles) · deed of 16-07-2025
Founded in 2015 · total assets €362,195 (2025)
→

Timeline

Timeline

7 events since 2024

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBfull format · 50 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1009099017
Annual accounts 2024 filed NBBfull format · 67 days late
2024
Registered office moved to BougeNew registered office: Route de Hannut 74, 5004 Bouge · General meeting of 06-12-20242 points ▸
  • General meeting, 06-12-2024
  • Registered-office move, Route de Hannut 74, 5004 Bouge
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

Capital increase of €50,000 to €250,000Capital from €200,000 to €250,000 · Contributions: DURLET CHarles Philippe Christian Joseph Ghislain (€25,000); STAELENS Mathilde Marie Ghislaine (€25,000) · General meeting of 14-06-20245 points ▸
  • General meeting, 14-06-2024
  • Capital increase, €50,000
  • Capital contribution, €25,000, mentioned twice in the deed
  • Amendment of the articles, article 5
  • Capital, €250,000, 6,000 shares
  • The deed holds 4 more points.

Open the deed in the Belgian Official Gazette

IncorporationFounding capital of €200,000, 6,000 shares · Founders: ITM BELGIUM, DURLET Charles Philippe Christian Joseph Ghislain and STAELENS Mathilde Marie Ghislaine · Appointments: DURLET Charles Philippe Christian Joseph Ghislain (sole director) and STAELENS Mathilde Marie Ghislaine (alternate director) · published on 08-05-20248 points ▸

Open the deed in the Belgian Official Gazette

First establishment Intermarché Bouge Beez, Route de Hannut 74, Namur

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 6 May 2024, SPEECHLESS was incorporated as a public limited company by ITM BELGIUM and two natural persons, with a starting capital of €200,000.12 In 2024 the registered office moved to Bouge.3 A capital increase in 2024 brought the capital to €250,000.4 DURLET Charles Philippe Christian Joseph Ghislain has served as sole director since 2024.5

  1. 1KBO register
  2. 2Belgian Official Gazette, 08-05-2024
  3. 3Belgian Official Gazette, 10-12-2024
  4. 4Belgian Official Gazette, 18-06-2024
  5. 5National Bank, annual accounts 2025

Company details

Identity

Enterprise number
1009.099.017
VAT number
BE 1009.099.017
Peppol ID
0208:1009099017
Legal form
Public limited company
Status
Active, normal situation
Founded
06-05-2024
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
“Article 25 - Réunion - Convocation L'assemblée générale ordinaire se réunit annuellement le quinzième jour du mois de mai, à 14 heures. Si…”
deed of 08-05-2024 (in French)
Peppol
Reachable since 12-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
SPEECHLESS in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 08-05-2024 (in French)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Route de Hannut 74, 5004 Bouge”
deed of 10-12-2024 (in French)

Activities

NACEBEL 2025
VAT activities
Social security (RSZ) activities
Joint committees annual accounts 2025
JC 202.01 Medium-sized food businesses
Codes under NACEBEL 2008
VAT activities
47114 Supermarkets main activity
10850 Manufacture of food products
Social security (RSZ) activities
47114 Supermarkets main activity

Registered office and establishments

1 establishment
Establishment Since Unit numberFASFC approval
Intermarché Bouge Beez registered office Route de Hannut 74, 5004 Namur 06-05-2024 2.364.366.486 Bakery
Retail with processing activity
Fish shop
Butcher's shop

Location

registered office establishment approximate The establishment unit on the map

Recognitions

Food safety, FASFC

1 site
Namurunit number 2.364.366.486
4 permissions
Authorisation · Bakery · since 09-10-2024
Authorisation · Retail with processing activity · since 09-10-2024
Authorisation · Fish shop · since 09-10-2024
and 1 more

Source: FAVV-AFSCA, open data, updated on 02-11-2026

Contact

Phone +32 498 45 18 39