SPEED2SCALE
ActiveSummary
SPEED2SCALE has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €18,847 and a net result of -€11,247. Equity is shrinking by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 52% of 1235 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency78▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.79 against 0.94 in 2023; short-term debt: 47.4% and cash: 8.2% of total assets), and 47.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
52.6%
Return on assets
-31.4%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Printing and reproduction of recorded media (NACE 18)
about 11% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€11,247
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-10-2025, 88 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
88 d late
2023
30 d late
2022
123 d late
2021
92 d late
2020
87 d late
2019
49 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 78 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€18,847▼ 37.4%
2023 · €30,094
Total assets
€35,836▼ 38.4%
2023 · €58,210
Net result
-€11,247▲ 78.0%
2023 · -€51,011
Working capital
-€3,558▼ 101%
2023 · -€1,771
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 18, Printing and reproduction of recorded media, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€35,204▲ 511%-€16,958€20,807-€37,614-€11,054▲ 70.6%
Net result€28,724above the sector's middle half▲ 3,524%-€18,358below the sector's middle half€18,094within the sector's middle half-€51,011below the sector's middle half-€11,247below the sector's middle half▲ 78.0%
Equity€81,370within the sector's middle half▲ 29.9%€63,011within the sector's middle half▼ 22.6%€81,106within the sector's middle half▲ 28.7%€30,094within the sector's middle half▼ 62.9%€18,847within the sector's middle half▼ 37.4%
Total assets€130,208within the sector's middle half▼ 10.8%€99,330within the sector's middle half▼ 23.7%€140,875within the sector's middle half▲ 41.8%€58,210within the sector's middle half▼ 58.7%€35,836below the sector's middle half▼ 38.4%
Debt€48,838▼ 41.4%€36,319▼ 25.6%€59,770▲ 64.6%€28,116▼ 53.0%€16,989▼ 39.6%
Working capital€69,529within the sector's middle half▲ 36.2%€45,600within the sector's middle half▼ 34.4%€37,504within the sector's middle half▼ 17.8%-€1,771within the sector's middle half-€3,558within the sector's middle half▼ 101%
Solvency62.5%within the sector's middle half▲ 19.6pp63.4%within the sector's middle half▲ 0.9pp57.6%within the sector's middle half▼ 5.9pp51.7%within the sector's middle half▼ 5.9pp52.6%within the sector's middle half▲ 0.9pp
Current ratio2.55within the sector's middle half▲ 0.872.26within the sector's middle half▼ 0.291.65within the sector's middle half▼ 0.610.94within the sector's middle half▼ 0.710.79below the sector's middle half▼ 0.15
Return on assets (ROA)22.1%above the sector's middle half▲ 21.5pp-18.5%below the sector's middle half▼ 40.5pp12.8%above the sector's middle half▲ 31.3pp-87.6%below the sector's middle half▼ 100.5pp-31.4%below the sector's middle half▲ 56.2pp
above
within
below
the middle half (P25 to P75) of NACE 18, Printing and reproduction of recorded media, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11,054 in 2024 against €37,614 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €35,836
Fixed assets
€22,405 ▼ 29.7%
Current assets
€13,431 ▼ 49.0%
Equity and liabilities €35,836
Equity
€18,847 ▼ 37.4%
Debt
€16,989 ▼ 39.6%
Debt's share of the balance-sheet total falls from 48.3% to 47.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€894▲
2023 · -€24,241
Cash flow
-€1,086▲
2023 · -€37,638
Debt to equity
0.90▼
2023 · 0.93
ROE
-59.7%▲
2023 · -169.5%
Interest coverage
-4.63▲
2023 · -155.35
Debt ≤ 1 year
€16,989▼
2023 · €28,116
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,815 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.9%
went bankrupt
9.8%
stopped otherwise
88%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,815 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | €5,088 | €32,025 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,591 | €4,223 | €6,802 | €13,373 | €10,161 | ▼ 24.0% |
| Other operating charges640/8 | - | €3,797 | €1,123 | €910 | €4,765 | ▲ 423% |
| Gross operating margin9900 | €43,879 | -€8,938 | €28,731 | -€23,330 | €3,871 | ▲ 117% |
| Operating profit (loss)9901 | €35,204 | -€16,958 | €20,807 | -€37,614 | -€11,054 | ▲ 70.6% |
| Financial income75/76B | - | - | €2 | - | - | - |
| Recurring financial income75 | €1,760 | - | €2 | - | - | - |
| Financial charges65/66B | - | €1,107 | €489 | €156 | €193 | ▲ 23.6% |
| Recurring financial charges65 | €334 | €1,107 | €489 | €156 | €193 | ▲ 23.6% |
| Profit (loss) for the period before taxes9903 | €36,629 | -€18,066 | €20,320 | -€37,770 | -€11,247 | ▲ 70.2% |
| Income taxes67/77 | €7,905 | €293 | €2,225 | €13,242 | - | - |
| Profit (loss) for the period9904 | €28,724 | -€18,358 | €18,094 | -€51,011 | -€11,247 | ▲ 78.0% |
| Profit (loss) for the period to be appropriated9905 | €28,724 | -€18,358 | €18,094 | -€51,011 | -€11,247 | ▲ 78.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €130,208 | €99,330 | €140,875 | €58,210 | €35,836 | ▼ 38.4% |
| Fixed assets21/28 | €15,701 | €17,412 | €45,239 | €31,866 | €22,405 | ▼ 29.7% |
| Tangible fixed assets22/27 | €15,701 | €17,412 | €45,239 | €31,866 | €22,405 | ▼ 29.7% |
| Furniture and vehicles24 | - | €17,412 | €29,901 | €18,109 | €10,228 | ▼ 43.5% |
| Other tangible fixed assets26 | - | - | €15,338 | €13,757 | €12,177 | ▼ 11.5% |
| Current assets29/58 | €114,507 | €81,918 | €95,637 | €26,345 | €13,431 | ▼ 49.0% |
| Amounts receivable within one year40/41 | €57,325 | €55,763 | €39,599 | €23,713 | €10,326 | ▼ 56.5% |
| Trade receivables40 | - | €34,873 | €26,372 | €10,426 | €10,326 | ▼ 1.0% |
| Other amounts receivable41 | - | €20,890 | €13,227 | €13,287 | - | - |
| Cash at bank and in hand54/58 | €55,399 | €24,928 | €54,681 | €2,435 | €2,947 | ▲ 21.0% |
| Deferred charges and accrued income490/1 | - | €1,227 | €1,357 | €196 | €158 | ▼ 19.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €130,208 | €99,330 | €140,875 | €58,210 | €35,836 | ▼ 38.4% |
| Equity10/15 | €81,370 | €63,011 | €81,106 | €30,094 | €18,847 | ▼ 37.4% |
| Contributions10/11 | €6,262 | €6,262 | €6,262 | €6,262 | €6,262 | = |
| Capital10 | - | €6,262 | - | - | - | - |
| Issued capital100 | - | €18,600 | - | - | - | - |
| Uncalled capital101 | - | €12,338 | - | - | - | - |
| Outside capital11 | - | - | €6,262 | - | - | - |
| Other1109/19 | - | - | €6,262 | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €73,248 | €54,889 | €72,984 | €21,972 | €10,725 | ▼ 51.2% |
| Amounts payable17/49 | €48,838 | €36,319 | €59,770 | €28,116 | €16,989 | ▼ 39.6% |
| Amounts payable after more than one year17 | €3,861 | - | - | - | - | - |
| Amounts payable within one year42/48 | €44,978 | €36,319 | €58,133 | €28,116 | €16,989 | ▼ 39.6% |
| Current portion of amounts payable after more than one year42 | - | €13,858 | - | - | - | - |
| Trade debts44 | €15,066 | €372 | €19,754 | €1,755 | €10,610 | ▲ 505% |
| Suppliers440/4 | - | €372 | €19,754 | €1,755 | €10,610 | ▲ 505% |
| Advances received on contracts in progress46 | - | - | €3,891 | €3,199 | €3,199 | = |
| Taxes, remuneration and social security45 | - | €8,204 | €7,265 | €2,478 | - | - |
| Taxes450/3 | - | €8,204 | €7,265 | €2,478 | - | - |
| Other amounts payable47/48 | - | €13,884 | €27,223 | €20,684 | €3,180 | ▼ 84.6% |
| Accrued charges and deferred income492/3 | - | - | €1,637 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,724 | -€18,358 | €18,094 | -€51,011 | -€11,247 | ▲ 78.0% |
| + Depreciation and write-downs630 | €6,591 | €4,223 | €6,802 | €13,373 | €10,161 | ▼ 24.0% |
| Operating cash flow (approximation) | €35,315 | -€14,135 | €24,896 | -€37,638 | -€1,086 | ▲ 97.1% |
| Investment in fixed assets (approximation) | - | -€5,934 | -€34,629 | €0 | -€700 | - |
| Change in cash | - | -€30,471 | €29,753 | -€52,245 | €511 | ▲ 101% |
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
27-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 88 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet -€51,011
Net result drops to -€51,011, the lowest in the series; recovery starts the following year.
01-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 123 days late
2022
31-12
Financial
Back to profitnet €18,094
Net result €18,094 after one loss-making year.
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 87 days late
2020
31-12
Financial
Highest result since 2018net €28,724 ▲3,524%
Operating result €35,204, net result €28,724, both a record.
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 49 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Namur · 1 establishment unit since 2016
Ground area
3,394 m²
Building footprint
171 m²
Volume, LiDAR
714 m³
2 parcels, Wallonia · tallest building 6.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SPEED2SCALE
since 20162.253.347.711
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25113A0147/00K000indicative | Wallonia | 2,320 m² | - | - |
| 92136B0360/00C000 | Wallonia | 1,073 m² | 1 · 170 m² | 6.2 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,856 companies in sector 18130 we hold annual accounts for 832. 580 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
Founded03-05-2016
Fiscal year end31-12
Activities, NACEBEL 2025
18130Pre-press and pre-media services
73110Advertising agencies
85599Other education
90201Performing arts by independent artists
90399Other support activities for arts and performing arts
96999Other personal services
E-invoicing
Not found in the Peppol register
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Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.