SPEEDGLASS
ActiveSPEEDGLASS has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €85k and a net result of €-17k. Equity is growing by ~7% per year across the filed fiscal years. Its solvency ranks better than 49% of 1851 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
2
/ 100
Critical▼ -44 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-53
Solvency13▼-2
Growth52=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.07 against 0.29 in 2023), and 80.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
19.5%
Return on assets
-3.9%
Age of the figures
20 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
90 d late
2022
28 d late
2021
26 d late
2020
59 d late
2019
101 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€85k▼ 16.7%
2023 · €102k
2018: €64k
2019: €73k
2020: €88k
2021: €90k
2022: €91k
2023: €102k
2018 → 2024
Total assets
€436k▼ 11.6%
2023 · €493k
2018: €601k
2019: €605k
2020: €659k
2021: €592k
2022: €537k
2023: €493k
2018 → 2024
Net result
€-17k
2023 · €11k
2018: €17k
2019: €19k
2020: €15k
2021: €2k
2022: €2k
2023: €11k
2018 → 2024
Working capital
€-189k▼ 36.2%
2023 · €-139k
2018: €-106k
2019: €-153k
2020: €-153k
2021: €-157k
2022: €-125k
2023: €-139k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€88k-€90k▲ 2.0%€91k▲ 2.0%€102k▲ 11.8%€85k▼ 16.7%
Operating result€46k-€26k▼ 44.0%€28k▲ 8.6%€37k▲ 31.6%€18k▼ 51.6%
Net result€15k-€2k▼ 88.1%€2k=€11k▲ 510%€-17k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 52% below 2023 and is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €436k
Fixed assets
€421k▼ 3.8%
Current assets
€15k▼ 73.3%
Equity and liabilities €436k
Equity
€85k▼ 16.7%
Debt
€351k▼ 10.3%
The debt ratio rises from 79.3% to 80.5%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€34k▼
2023 · €55k
Cash flow
€-396▼
2023 · €29k
Solvency
19.5%▼
2023 · 20.7%
Current ratio
0.07▼
2023 · 0.29
Quick ratio
0.07▼
2023 · 0.29
Debt / equity
4.12▲
2023 · 3.83
ROE
-20.1%▼
2023 · 10.5%
ROA
-3.9%▼
2023 · 2.2%
Interest coverage
1.07▼
2023 · 2.88
Debt
€351k▼
2023 · €391k
Debt ≤ 1 year
€204k▲
2023 · €194k
Debt > 1 year
€147k▼
2023 · €194k
Income taxes
€3k▼
2023 · €7k
Staff costs
€1k▼
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€493k€436k▼
Fixed assets21/28€438k€421k▼
Tangible fixed assets22/27€436k€420k▼
Land and buildings22€435k€419k▼
Plant, machinery and equipment23€1k€804▼
Financial fixed assets28€2k€2k=
Current assets29/58€56k€15k▼
Amounts receivable within one year40/41€55k€14k▼
Trade receivables40€20k€10k▼
Other amounts receivable41€36k€4k▼
Cash at bank and in hand54/58€1€59▲
Deferred charges and accrued income490/1€315€675▲
Equity and liabilities
Total equity and liabilities10/49€493k€436k▼
Equity10/15€102k€85k▼
Contributions10/11€33k€33k=
Reserves13€4k€4k=
Non-distributable reserves130/1€4k€4k=
Reserves not available under the articles1311€4k€4k=
Profit (loss) carried forward14€66k€49k▼
Amounts payable17/49€391k€351k▼
Amounts payable after more than one year17€194k€147k▼
Financial debts170/4€194k€147k▼
Amounts payable within one year42/48€194k€204k▲
Current portion of amounts payable after more than one year42€46k€52k▲
Financial debts43€23k€10k▼
Credit institutions430/8€23k€10k▼
Trade debts44€48k€43k▼
Suppliers440/4€48k€43k▼
Taxes, remuneration and social security45€36k€24k▼
Taxes450/3€34k€24k▼
Remuneration and social security454/9€2k-
Other amounts payable47/48€41k€75k▲
Accrued charges and deferred income492/3€3k-
Income statement
Code20232024
Remuneration, social security and pensions62€2k€1k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€17k▼
Other operating charges640/8€8k€30k▲
Gross operating margin9900€65k€66k▲
Operating profit (loss)9901€37k€18k▼
Financial charges65/66B€19k€32k▲
Recurring financial charges65€19k€32k▲
Profit (loss) for the period before taxes9903€18k€-14k▼
Income taxes67/77€7k€3k▼
Profit (loss) for the period9904€11k€-17k▼
Profit (loss) for the period to be appropriated9905€11k€-17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€66k€49k▼
Profit (loss) brought forward from the previous period14P€55k€66k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet €-17k ▼259%
Net result drops to €-17k, the lowest in the series.
29-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 90 days late
2023
31-12
Financial
Equity above €100kEq €102k ▲11.8%
6 profitable years in a row build equity to €102k.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 59 days late
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
31-12
Financial
Highest result since 2018net €19k ▲7.7%
Net result €19k, the highest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
16-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 169 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Lasne · 1 establishment unit since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Chemin de la Ramée 21380 LasneGround area
1,615 m²
Building footprint
539 m²
Volume, LiDAR
2,489 m³
2 parcels, Brussels, Wallonia · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SPEEDGLASS
since 20022.094.589.591
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25076A0009/00K000 | Wallonia | 878 m² | 1 · 107 m² | 5.3 m · 1 fl. |
| 21815D0311/00N003 | Brussels | 737 m² | 1 · 432 m² | 6.6 m · 2 fl. |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
HOTELBOS
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DEPRACO
BE 0467.002.738
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BIEKE1
BE 0715.587.014
Antwerpen · Eq €85k
Zuivel 9
BE 0783.952.416
Hasselt · Eq €85k
LE GITE D'HADELIN
BE 0818.948.234
Houyet · Eq €86k
Of 2,384 companies in sector 55100 we hold annual accounts for 1,507. 1,014 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded26-11-2001
Fiscal year end31-12
Activities, NACEBEL
50101
55100Hotels and similar accommodation
95313Repair and fitting of specific motor vehicle parts
46711Wholesale of cars and light vans (up to 3.5 tonnes)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
45310
47820Retail sale of motor vehicle parts and accessories
46720Wholesale of motor vehicle parts and accessories
50103
50301
50302
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesPhone:02-426-43-48
Fax:02-426-76-26