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SPEED WORKS

Active
Public limited companyfounded 199827 years activeRue de Gozée 243, 6110 Montigny-le-Tilleul, BelgiumKBO/BCE: BE 0464.359.388
Summary

SPEED WORKS has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.0m and a net result of €104,178. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 68% of 374 sector peers (NACE 42, fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Activity
Construction of utility projects for electricity and telecommunications
NACE 42220Other specialised construction activities NACE 43990
#2 company by total assets in Montigny-le-Tilleul, Construction sector1 site
Size
€3.8mtotal assets 2025
Staff
16.9 FTE
Equity
€2.0m
Profit
€104,178
Financial health
91 Excellent Checked score 2025
Bankruptcy probability, 12 months
0.1%
Structure
Parent
CELERO · 95%
Accounts 28 days early0 of 10 deeds read
Why 91+ Founded in 1998+ Figures for FY 2025 (filed 03-07-2026)+ Equity €2.0m (53.9% of total assets)+ Legal form Public limited companyShow the evidence

Checked score

Score 2025
91 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 48% of its sector peers (NACE 42, small)
Financial strength · tick = 2024
Strong
Solvency 79-3
equity 53.9% of total assets
Liquidity 40-5
short-term debt 46.0% · cash 10.1%
Profitability 72-1
return on assets 2.8%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (299 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.2%▲ +0.1 percentage points vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.3%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.1%▼ -0.2 percentage points vs 07-2025lowest value 09-2025: 0.1%● unchanged vs 08-2025lowest value 10-2025: 0.1%● unchanged vs 09-2025lowest value 11-2025: 0.1%● unchanged vs 10-2025lowest value 12-2025: 0.1%● unchanged vs 11-2025lowest value 01-2026: 0.1%● unchanged vs 12-2025lowest value 02-2026: 0.1%● unchanged vs 01-2026lowest value 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.2%▲ +0.1 percentage points vs 06-2026 08-2026: 0.1%▼ -0.1 percentage points vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026
Credit up to €180,000 at 30 days acceptable
Liquidity ample (current ratio 1.89 against 1.91 in 2024; short-term debt: 46% and cash: 10.1% of total assets), and 46.1% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 42, small): better than 73% on solvency, 44% on liquidity, 43% on profitability and 33% on growth.

The bankruptcy probability was computed on 06-10-2026 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.

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

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Signals

Five signals.
−lowers risk○neutral
lowers risk · Founded in 1998
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
lowers risk · Figures for FY 2025 (filed 03-07-2026)
NBB · annual accounts
lowers risk · Equity €2.0m (53.9% of total assets)
NBB · annual accounts
lowers risk · Legal form Public limited company
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
28 days early
2024
31 days early
2023
37 days early
2022
37 days early
2021
38 days early
2020
50 days early
2019
23 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 35 days before the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% 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. Usually files around 25 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Equity above €2mEq €2.0m ▲1.7%
  3. Annual accounts filedfiscal year 2024 · full…

Key points

  • Positive: Company by total assets in Montigny-le-Tilleul, Construction sectorin the Checked rankings #2 View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Controlled by CELEROultimately: GLYAC 95% View

By topic

Financials

Fiscal year
2025
Total assets
€3.8m
Profit
€104,178
Solvency
53.9%
Go to Financials

Timeline

Events
14
Since
2017
Next accounts
by 31-07-2027
  1. 24-06-2024Annual accounts filed
  2. 31-12-2023Highest result since 2018
  3. 24-06-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Construction of utility projects for electricity and telecommunicationsNACE 42220
Founded
14-10-1998
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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