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SPEED MAINTENANCE

Inactive
KBO/BCE: BE 0661.962.345

SPEED MAINTENANCE was declared bankrupt on 25-01-2022 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 04-10-2022, published in the Belgian State Gazette on 24-10-2022.

Summary

Inactive; last annual accounts for fiscal year 2018.

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SPEED MAINTENANCEInactive
Risk analysis Report Compare

Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Prior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.
Belgian State Gazette
neutral · No filing for years
The last filed financial year closed on 31-12-2018. Since then, 7 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 2 filings
Position against the passed deadline
31-12-2019 close31-07-2020 deadline29-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2018 was due by 31-07-2019 and was filed on 19-11-2019, 111 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline after the deadline →
tick = median of all Belgian filings

The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

SPEED MAINTENANCE has filed 2 sets of annual accounts, the latest for fiscal year 2018.1 The company was declared bankrupt on 25 January 2022; the bankruptcy was closed on 4 October 2022.23

  1. 1National Bank, annual accounts 2018
  2. 2Belgian State Gazette, 31-01-2022
  3. 3Belgian State Gazette, 24-10-2022

Financials · fiscal year 2018, micro schema

Equity
€20,787
Total assets
€72,913
Net result
-€1,391
Working capital
€20,437

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €72,913
Fixed assets €350
Current assets €72,563
Equity and liabilities €72,913
Equity €20,787
Debt €52,126
Debt finances 71.5% of the balance-sheet total.
Key figures and ratios
2018 value
Current ratio
1.39
ROE
-6.7%
ROA
-1.9%
Debt ≤ 1 year
€52,126
Annual accounts
Filed annual accounts As filed with the NBB · 2018 · 20 lines
Balance sheet Code2018
Assets
Total assets20/58€72,913
Fixed assets21/28€350
Financial fixed assets28€350
Current assets29/58€72,563
Amounts receivable within one year40/41€70,636
Cash at bank and in hand54/58€1,926
Equity and liabilities
Total equity and liabilities10/49€72,913
Equity10/15€20,787
Contributions10/11€12,400
Reserves13€1,860
Profit (loss) carried forward14€6,527
Amounts payable17/49€52,126
Amounts payable within one year42/48€52,126
Trade debts44€47,417
Income statement Code2018
Gross operating margin9900€4,041
Operating profit (loss)9901€348
Recurring financial charges65€1,739
Profit (loss) for the period before taxes9903-€1,391
Profit (loss) for the period9904-€1,391
Profit (loss) for the period to be appropriated9905-€1,391
Line2018
Gross operating margin9900€4,041
Operating profit (loss)9901€348
Recurring financial charges65€1,739
Profit (loss) for the period before taxes9903-€1,391
Profit (loss) for the period9904-€1,391
Profit (loss) for the period to be appropriated9905-€1,391
Line2018
Assets
Total assets20/58€72,913
Fixed assets21/28€350
Financial fixed assets28€350
Current assets29/58€72,563
Amounts receivable within one year40/41€70,636
Cash at bank and in hand54/58€1,926
Equity and liabilities
Total equity and liabilities10/49€72,913
Equity10/15€20,787
Contributions10/11€12,400
Reserves13€1,860
Profit (loss) carried forward14€6,527
Amounts payable17/49€52,126
Amounts payable within one year42/48€52,126
Trade debts44€47,417
Line2018
Profit (loss) for the period9904-€1,391
Operating cash flow (approximation)-€1,391

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2022
24-10
Bankruptcy Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · event 04-10-2022
31-01
Bankruptcy Opening
Ondernemingsrechtbank Brussel · event 25-01-2022
2019
19-11
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 111 days late
2018
26-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 26 days late
SignalNBB filing
0 of 10 acts read
About the unread acts

We know of 10 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
10 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

Insolvency mandates

1 mandate
Role Name Tenure
Curator Frans DE ROY
WOLSTRAAT 19/21, 1000 BRUSSEL 1-
 25-01-2022 → 04-10-2022

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