SPEEDLINE SUPPLIES
InactiveSPEEDLINE SUPPLIES was declared bankrupt on 10-03-2022 (Ondernemingsrechtbank Leuven); the bankruptcy was closed by liquidation by judgment of 14-12-2023, published in the Belgian State Gazette on 05-01-2024.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 31-08-2021, 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
not filed
2023
not filed
2022
not filed
2021
not filed
2020
31 d late
2019
300 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, micro schema
Equity
€728▼ 84.1%
2019 · €5k
2018: €226
2019: €5k
2018 → 2020
Total assets
€70k▼ 5.7%
2019 · €75k
2018: €95k
2019: €75k
2018 → 2020
Net result
€-4k
2019 · €4k
2018: €2k
2019: €4k
2018 → 2020
Working capital
€-2k
2019 · €1k
2018: €4k
2019: €1k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€226-€5k▲ 1,922%€728▼ 84.1%
Operating result€8k-€6k▼ 17.7%€515▼ 92.1%
Net result€2k-€4k▲ 99.1%€-4k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2020 is 92% below 2019 and is the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €70k
Fixed assets
€3k ▼ 16.7%
Current assets
€68k ▼ 5.2%
Equity and liabilities €70k
Equity
€728 ▼ 84.1%
Debt
€70k ▼ 0.6%
Debt's share of the balance-sheet total rises from 93.9% to 99.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€1k▼
2019 · €7k
Cash flow
€-3k▼
2019 · €5k
Current ratio
0.97▼
2019 · 1.02
Quick ratio
0.42▼
2019 · 0.42
ROA
-5.5%▼
2019 · 5.8%
Debt ≤ 1 year
€70k▼
2019 · €70k
Equity ratios withheld: equity of €728 is too small for a meaningful ratio.
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 · 2020 against 2019 · 23 lines
Balance sheet
Code20192020
Assets
Total assets20/58€75k€70k▼
Fixed assets21/28€3k€3k▼
Intangible fixed assets21€3k€3k▼
Current assets29/58€71k€68k▼
Stocks and contracts in progress3€42k€39k▼
Amounts receivable within one year40/41€27k€26k▼
Cash at bank and in hand54/58€2k€2k=
Equity and liabilities
Total equity and liabilities10/49€75k€70k▼
Equity10/15€5k€728▼
Reserves13€38k€38k=
Profit (loss) carried forward14€-52k€-56k▼
Amounts payable17/49€70k€70k▼
Amounts payable within one year42/48€70k€70k▼
Trade debts44€14k€12k▼
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€554€554=
Gross operating margin9900€8k€1k▼
Operating profit (loss)9901€6k€515▼
Recurring financial income75€2k€3▼
Recurring financial charges65€4k€4k▲
Profit (loss) for the period before taxes9903€5k€-4k▼
Income taxes67/77€366-
Profit (loss) for the period9904€4k€-4k▼
Profit (loss) for the period to be appropriated9905€4k€-4k▼
Timeline · acts, filings and financial milestones
2024
05-01
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Leuven · SPEEDLINE SUPPLIES BV LEUVENSESTEENWEG 350, 3190 BOORTMEERBEEK · event 14-12-2023
2022
16-03
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · SPEEDLINE SUPPLIES BV LEUVENSESTEENWEG 350, 3190 BOORTMEERBEEK · event 10-03-2022
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
27-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 300 days late
2020
31-12
Financial
Weakest financial yearnet €-4k ▼188%
Net result drops to €-4k, the lowest in the series.
2019
31-12
Financial
Highest result since 2018net €4k ▲99.1%
Net result €4k, the highest in the series.
07-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 99 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
23-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 23 days late
2015
24-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
04-09
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 35 days late
2013
13-06
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
27-07
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | BRANDAAN MOMBAERS OLV BROEDERSSTRAAT 3,
3300 TIENEN |
10-03-2022 → 14-12-2023 |