SPEED LINE
ActiveSummary
SPEED LINE has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €36k and a net result of €10k. Equity is growing by ~54.7% per year across the filed fiscal years. Its solvency ranks better than 28% of 15865 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability46▼-26
Solvency36▲+2
Growth85=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity tight (current ratio 1.12 against 1.09 in 2023; short-term debt: 88.5% and cash: 17.2% of total assets), and 88.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% 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 2024Solvency, return and age of the figures
Solvency
11.5%
Return on assets
3.3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-09-2025, 54 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
54 d late
2023
31 d late
2022
10 d early
2020
80 d late
2019
117 d late
2018
397 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€74k▲ 108%
2018 · €35k
2018: €35k
2019: €74k▲ +108% vs 2018
2018 → 2019
EBIT margin
6.5%▲ 29.3pp
2018 · -22.8%
2018: -22.8%
2019: 6.5%▲ +129% vs 2018
2018 → 2019
Net result
€10k▲ 34.5%
2023 · €8k
2018: €-8klowest value
2019: €5k▲ +159% vs 2018
2020: €9k▲ +95.7% vs 2019
2022: €7k
2023: €8k▲ +18.6% vs 2022
2024: €10k▲ +34.5% vs 2023highest value
2018 → 2024
Working capital
€32k▲ 47.2%
2023 · €22k
2018: €-27klowest value
2019: €-21k▲ +24.1% vs 2018
2020: €-21k▼ -0.8% vs 2019
2022: €12k
2023: €22k▲ +80.4% vs 2022
2024: €32k▲ +47.2% vs 2023highest value
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202220232024Trend
Turnover€74k-
Equity€-8k-€874€18k▲ 1,966%€26k▲ 42.9%€36k▲ 40.4%
2019: €-8klowest value
2020: €874▲ +110% vs 2019
2022: €18k
2023: €26k▲ +42.9% vs 2022
2024: €36k▲ +40.4% vs 2023highest value
Operating result€5k-€9k▲ 95.7%€7k▼ 30.1%€8k▲ 19.0%€14k▲ 74.5%
2019: €5klowest value
2020: €9k▲ +95.7% vs 2019
2022: €7k
2023: €8k▲ +19.0% vs 2022
2024: €14k▲ +74.5% vs 2023highest value
Net result€5k-€9k▲ 95.7%€7k▼ 30.3%€8k▲ 18.6%€10k▲ 34.5%
2019: €5klowest value
2020: €9k▲ +95.7% vs 2019
2022: €7k
2023: €8k▲ +18.6% vs 2022
2024: €10k▲ +34.5% vs 2023highest value
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2024 is 74% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €316k
Fixed assets
€4k =
Current assets
€312k ▲ 12.5%
Equity and liabilities €316k
Equity
€36k ▲ 40.4%
Debt
€280k ▲ 9.5%
Debt's share of the balance-sheet total falls from 90.8% to 88.5%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.12▲
2023 · 1.09
Debt to equity
7.72▼
2023 · 9.90
ROE
28.8%▼
2023 · 30.0%
ROA
3.3%▲
2023 · 2.8%
Debt ≤ 1 year
€280k▲
2023 · €256k
Income taxes
€3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 36 lines
Balance sheet
Code20232024
Assets
Total assets20/58€281k€316k▲
Fixed assets21/28€4k€4k=
Financial fixed assets28€4k€4k=
Current assets29/58€278k€312k▲
Stocks and contracts in progress3€50k-
Stocks30/36€50k-
Amounts receivable within one year40/41€219k€258k▲
Trade receivables40€216k€257k▲
Other amounts receivable41€3k€1k▼
Cash at bank and in hand54/58€9k€54k▲
Deferred charges and accrued income490/1-€311
Equity and liabilities
Total equity and liabilities10/49€281k€316k▲
Equity10/15€26k€36k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€7k€18k▲
Amounts payable17/49€256k€280k▲
Amounts payable within one year42/48€256k€280k▲
Trade debts44€158k€171k▲
Suppliers440/4€158k€171k▲
Taxes, remuneration and social security45€562€4k▲
Taxes450/3€562€4k▲
Other amounts payable47/48€97k€105k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k-
Other operating charges640/8€2k€7k▲
Gross operating margin9900€12k€20k▲
Operating profit (loss)9901€8k€14k▲
Financial income75/76B€1€2▲
Recurring financial income75€1€2▲
Financial charges65/66B€87€111▲
Recurring financial charges65€87€111▲
Profit (loss) for the period before taxes9903€8k€14k▲
Income taxes67/77-€3k
Profit (loss) for the period9904€8k€10k▲
Profit (loss) for the period to be appropriated9905€8k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€7k€18k▲
Profit (loss) brought forward from the previous period14P€-530€7k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €74k | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €5k | €1k | €2k | - | - |
| Other operating charges640/8 | - | - | €1k | €2k | €7k | ▲ 285% |
| Gross operating margin9900 | €8k | €16k | €9k | €12k | €20k | ▲ 74.0% |
| Operating profit (loss)9901 | €5k | €9k | €7k | €8k | €14k | ▲ 74.5% |
| Financial income75/76B | - | - | - | €1 | €2 | ▲ 80.0% |
| Recurring financial income75 | - | - | - | €1 | €2 | ▲ 80.0% |
| Financial charges65/66B | - | - | €54 | €87 | €111 | ▲ 27.4% |
| Recurring financial charges65 | €22 | €44 | €54 | €87 | €111 | ▲ 27.4% |
| Profit (loss) for the period before taxes9903 | €5k | €9k | €7k | €8k | €14k | ▲ 75.0% |
| Income taxes67/77 | - | - | - | - | €3k | - |
| Profit (loss) for the period9904 | €5k | €9k | €7k | €8k | €10k | ▲ 34.5% |
| Profit (loss) for the period to be appropriated9905 | €5k | €9k | €7k | €8k | €10k | ▲ 34.5% |
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €102k | €199k | €391k | €281k | €316k | ▲ 12.3% |
| Fixed assets21/28 | €12k | €22k | €6k | €4k | €4k | = |
| Tangible fixed assets22/27 | €8k | €18k | €2k | - | - | - |
| Plant, machinery and equipment23 | - | - | €2k | - | - | - |
| Financial fixed assets28 | €4k | €4k | €4k | €4k | €4k | = |
| Current assets29/58 | €90k | €177k | €385k | €278k | €312k | ▲ 12.5% |
| Stocks and contracts in progress3 | €12k | €70k | €51k | €50k | - | - |
| Stocks30/36 | - | - | €51k | €50k | - | - |
| Amounts receivable within one year40/41 | €54k | €91k | €296k | €219k | €258k | ▲ 17.5% |
| Trade receivables40 | - | - | €289k | €216k | €257k | ▲ 18.6% |
| Other amounts receivable41 | - | - | €6k | €3k | €1k | ▼ 64.4% |
| Cash at bank and in hand54/58 | €24k | €17k | €38k | €9k | €54k | ▲ 519% |
| Deferred charges and accrued income490/1 | - | - | - | - | €311 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €102k | €199k | €391k | €281k | €316k | ▲ 12.3% |
| Equity10/15 | €-8k | €874 | €18k | €26k | €36k | ▲ 40.4% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | - | - | €19k | - | - | - |
| Issued capital100 | - | - | €19k | - | - | - |
| Profit (loss) carried forward14 | €-27k | €-18k | €-530 | €7k | €18k | ▲ 144% |
| Amounts payable17/49 | €111k | €198k | €372k | €256k | €280k | ▲ 9.5% |
| Amounts payable within one year42/48 | €111k | €198k | €372k | €256k | €280k | ▲ 9.5% |
| Trade debts44 | €55k | €117k | €120k | €158k | €171k | ▲ 8.3% |
| Suppliers440/4 | - | - | €120k | €158k | €171k | ▲ 8.3% |
| Advances received on contracts in progress46 | - | - | €125k | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €562 | €4k | ▲ 559% |
| Taxes450/3 | - | - | - | €562 | €4k | ▲ 559% |
| Other amounts payable47/48 | - | - | €128k | €97k | €105k | ▲ 8.2% |
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €9k | €7k | €8k | €10k | ▲ 34.5% |
| + Depreciation and write-downs630 | €2k | €5k | €1k | €2k | - | - |
| Operating cash flow (approximation) | €7k | €15k | €8k | €10k | €10k | ▲ 6.0% |
| Investment in fixed assets (approximation) | - | €-15k | - | €0 | €0 | - |
| Change in cash | - | €-7k | - | €-29k | €45k | ▲ 255% |
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
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2024
31-12
Financial
Highest result since 2018net €10k ▲34.5%
Operating result €14k, net result €10k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
21-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
19-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 80 days late
2020
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 117 days late
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 397 days late
2019
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
2018
23-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 84 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Sint-Niklaas · 1 establishment unit since 2017
Ground area
2,846 m²
Building footprint
607 m²
Volume, LiDAR
4,356 m³
Parcel 46017A0906/00G000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SPEED LINE
since 20172.262.969.616
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46017A0906/00G000 | Flanders | 2,846 m² | 1 · 607 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 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 siteSint-Niklaas2.262.969.616
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Of 1,423 companies in sector 46389 we hold annual accounts for 853. 474 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-03-2017
Fiscal year end31-12
Activities, NACEBEL 2025
46389Wholesale of other food products
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47812Retail trade
47750Retail sale of cosmetics and toilet articles
47784Retail sale of souvenirs and religious articles
47830Retail sale of motorcycles and motorcycle parts and accessories
82990Other business support services
95314Bodywork repair (including spraying and painting)
96999Other personal services
Contact
E-mail
ziad-azizi@hotmail.com
Phone
0489 192 424
Scores and ratios are computed by Checked and are not a credit decision.