Active BE 0836.649.447Private limited company (pre-2019)

SPEED AUTO PNEUS

Rue Bauduin-Pierre 2 ·4500 Huy, Belgium· 15 yrs active

Sector: Detailhandel in onderdelen en accessoires van motorvoertuigen (47820)

Conclusion Checked

The computed 12-month bankruptcy probability of SPEED AUTO PNEUS is 2.0% (moderate). The 2023 annual accounts show negative equity (€-6k) and a net result of €-12k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 5714 sector peers (fiscal year 2023). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.

Key figures

Equity	€-6k
Net result	€-12k
Better than sector	19%
Active	15 yrs

Snowflake analysis 5 of 5 axes measured · computed by Checked

55 / 100

Mixed profile: strong on profitability, weaker on health.

All 5 axes are computed from data Checked has read.

Health 7

Profitability 100

Solvency 34

Growth 32

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

2.0% Moderate

0%0,5%1,5%4%10%≥25%

Annual accounts: weaker financial profile +Higher-failure-rate sector +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2011, 15 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags 0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2023 · computed

7 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

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Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 04-11-2024 with the NBB · fiscal year 2023 · micro

Operating resultNet result

Sector comparison

Fiscal year 2023 · NACE 47, Retail trade · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-16.4%	20.1%	better than 19% of 5714 sector peers
Net result	€-12k	€3k	better than 18% of 5694 sector peers
Equity	€-6k	€15k	better than 20% of 5721 sector peers
Gross operating margin	€-5k	€23k	better than 13% of 5668 sector peers
Total assets	€38k	€93k	better than 27% of 5714 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€-6k

- 18-23

Net profit

€-12k

- 18-23

Cash flow

€-7k

- 18-23

Total assets

€38k

-1.7% 18-23

Equity

€-6k

- 18-23

Working capital

€-21k

-61.4% 18-23

Income taxes

€22

- 18-23

Debt

€44k

+35.0% 18-23

Debt ≤ 1y

€44k

+35.0% 18-23

Debt > 1y

€1k

-69.5% 18-23

Current ratio

0.52

-13.0% 18-23

Quick ratio

0.45

-8.6% 18-23

Solvency

-16.4%

- 18-23

Debt / equity

-7.10

- 18-23

ROE

194.7%

+326.4% 18-23

ROA

-31.9%

- 18-23

Interest coverage

-9.08

- 18-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	micro
Revenue	-
EBITDA	€-6k
Net profit	€-12k
Cash flow	€-7k
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€38k
Equity	€-6k
Debt	€44k
of which ≤ 1y	€44k
of which > 1y	-
Working capital	€-21k
Employees (FTE)	-

Ratios (computed)

	2023
Current ratio	0.52
Quick ratio	0.45
Working capital ratio	-55.7%
Solvency	-16.4%
Debt / equity	-7.10
Long-term debt ratio	-
Interest coverage	-9.08
Gross margin	-
Net margin	-
ROA	-31.9%
ROE	194.7%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Assets

Fixed assets €15k · 39.3% Current assets €23k · 60.7%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€38k
Fixed assets	21/28	€15k
Intangible fixed assets	21	€524
Tangible fixed assets	22/27	€13k
Financial fixed assets	28	€1k
Current assets	29/58	€23k
Stocks & contracts in progress	3	€3k
Amounts receivable within one year	40/41	€17k
Cash & bank	54/58	€3k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€38k
Equity	10/15	€-6k
Contributions / capital	10/11	€19k
Reserves	13	€2k
Accumulated profits (losses)	14	€-27k
Amounts payable	17/49	€44k
Amounts payable within one year	42/48	€44k
Trade debts payable within one year	44	€11k
Income statement
Gross operating margin	9900	€-5k
Operating result	9901	€-12k
Financial charges	65	€662
Result before taxes	9903	€-12k
Net result for the period	9904	€-12k
Result to be appropriated	9905	€-12k

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Ratios computed by Checked.

Legal Structure

NACE primary	Detailhandel in onderdelen en accessoires van motorvoertuigen(47820)
Legal form	Private limited company (pre-2019)(015)
Incorporation	30-05-2011
Status	Active
Postal code	4500

Establishment units 1 location

SPEED AUTO PNEUS

Rue de la Tulipe 53, 4102 SeraingHandelsbemiddeling in auto's en lichte bestelwagens (= 3,5 ton)

since 20112.201.078.171

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
62343C0007/00G099	Wallonia	618 m²	1 · 81 m²	7.5 m · 2 fl.
61322A0210/00B003	Wallonia	532 m²	1 · 969 m²	-

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.

Updates 10 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024

04-11-2024