Summary
Conclusion
the dossier summarised in one paragraphA bankruptcy procedure is open for TOP SPEED according to publications in the Belgian State Gazette. The file additionally contains 1 judicial reorganisation. The 2023 annual accounts show negative equity (€-182k) and a net result of €-146k.
Based on the State Gazette, CBE and 5 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneBankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Insolvency timeline
2 events22-11-2024
Bankruptcy
Opening
Signals
Insufficient current data: the most recent filed accounts (financial year 2023) are too old to derive current signals.
Filing behaviour
From the deposit records, complete market-wideFiling behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
Filed after the deadline
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 26-02-2024, 26 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.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 30-06. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-06-2023, that is 31-01-2024.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 30-06-2025 | 31-01-2026 | nothing on record | not filed | - |
| 30-06-2024 | 31-01-2025 | nothing on record | not filed | - |
| 30-06-2023 | 31-01-2024 | 26-02-2024 | 26 d late | 2024-00034225 |
| 30-06-2022 | 31-01-2023 | 31-01-2023 | on the day | 2023-00011512 |
| 30-06-2021 | 31-01-2022 | 31-01-2022 | on the day | 2022-03500465 |
| 30-06-2020 | 31-01-2021 | 28-01-2021 | 3 d early | 2021-02400133 |
| 30-06-2019 | 31-01-2020 | 10-02-2020 | 10 d late | 2020-04700349 |
| 30-06-2018 | 31-01-2019 | 21-12-2018 | 41 d early | 2018-75300357 |
| 30-06-2017 | 31-01-2018 | 26-01-2018 | 5 d early | 2018-02400163 |
| 30-06-2016 | 31-01-2017 | 13-01-2017 | 18 d early | 2017-01300098 |
| 30-06-2015 | 31-01-2016 | 14-01-2016 | 17 d early | 2016-01700529 |
| 30-06-2014 | 31-01-2015 | 23-12-2014 | 39 d early | 2014-70400266 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsRegister: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-146k-28.4%
Working capital€-262k-110.4%
Directors1
Annual accounts & ratios
Source: NBB · 2023Annual accounts filed on 26-02-2024 with the NBB · fiscal year 2023 · verkort
Sector comparison
Fiscal year 2023 · NACE 53 · compared across all schema types (micro, abbreviated and full combined)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -20.3% | 27.2% | |
| Net result | €-146k | €6k | |
| Equity | €-182k | €16k | |
| Gross operating margin | €911k | €33k | |
| Staff costs | €736k | €42k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P17
Weakening position over 2020-2023
· n=86-277
P5
Stable position over 2020-2023
· n=84-276
P5
Weakening position over 2020-2023
· n=86-277
P95
Stable position over 2020-2023
· n=80-269
Describes the position versus peers, not a forecast.
€-24k
-
19-23
€-146k
-28.4%
19-23
€-44k
-166.2%
19-23
€896k
+11.4%
19-23
€-182k
-407.8%
19-23
€-262k
-110.4%
19-23
15
+5.6%
19-23
€736k
-2.2%
19-23
Show 11 other metrics
€274
-15.3%
19-23
€1.08M
+28.4%
19-23
€943k
+51.5%
19-23
€135k
-37.4%
19-23
0.72
-9.7%
19-23
0.72
-9.7%
19-23
-20.3%
-355.7%
19-23
-5.92
+74.7%
19-23
80.3%
-74.7%
19-23
-16.3%
-15.2%
19-23
-1.18
-
19-23
Figures by fiscal year
| Fiscal year | 2023 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €-24k |
| Net profit | €-146k |
| Cash flow | €-44k |
| Staff costs | €736k |
| Income taxes | €274 |
| Dividends | - |
| Total assets | €896k |
| Equity | €-182k |
| Debt | €1.08M |
| of which ≤ 1y | €943k |
| of which > 1y | €135k |
| Working capital | €-262k |
| Employees (FTE) | 15.0 |
Ratios (computed)
| 2023 | |
|---|---|
| Current ratio | 0.72 |
| Quick ratio | 0.72 |
| Working capital ratio | -29.3% |
| Solvency | -20.3% |
| Debt / equity | -5.92 |
| Long-term debt ratio | -0.74 |
| Interest coverage | -1.18 |
| Gross margin | - |
| Net margin | - |
| ROA | -16.3% |
| ROE | 80.3% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2023
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €896k |
| Fixed assets | 21/28 | €215k |
| Tangible fixed assets | 22/27 | €202k |
| Financial fixed assets | 28 | €13k |
| Current assets | 29/58 | €681k |
| Amounts receivable within one year | 40/41 | €651k |
| Cash & bank | 54/58 | €6k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €896k |
| Equity | 10/15 | €-182k |
| Contributions / capital | 10/11 | €19k |
| Reserves | 13 | €59k |
| Accumulated profits (losses) | 14 | €-260k |
| Amounts payable | 17/49 | €1.08M |
| Amounts payable after one year | 17 | €135k |
| Amounts payable within one year | 42/48 | €943k |
| Trade debts payable within one year | 44 | €413k |
| Income statement | ||
| Gross operating margin | 9900 | €911k |
| Operating result | 9901 | €-126k |
| Financial charges | 65 | €20k |
| Result before taxes | 9903 | €-146k |
| Income taxes | 67/77 | €274 |
| Net result for the period | 9904 | €-146k |
| Result to be appropriated | 9905 | €-146k |
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2023 · computed0
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2023 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Directors
Directors & mandates
1 director4 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.
Current directors & mandates
-
David ROEISDirectorState Gazette act 22380224 (09-12-2022)Current09-12-2022 → present
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
1 mandate| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | JEROEN PINOY CELLEBROEDERSSTRAAT 13,
2800 MECHELEN |
13-11-2024 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Overige posterijen en koeriers(53200) |
| Legal form | Private limited company(610) |
| Incorporation | 16-10-2001 |
| Status | Active |
| Postal code | 2800 |
| First insolvency signal | 14-03-2024 |
| Latest insolvency signal | 22-11-2024 |
Structure & network
Ownership & control
No ownership or control structure found in the sources.
For this we read shareholding and parent/subsidiary relations from the acts in the Belgian State Gazette, plus the board seats that legal entities hold in one another. Nothing of the sort is published for this company, which is common: most Belgian companies do not publish a shareholding structure.
1 court or liquidation mandate is on record for this company. Such a mandate is a fact about the company itself, not about a tie to another one: two bankruptcies handled by the same receiver are two separate cases. They are listed under Directors & mandates.
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationHelststraat 49, 2630 Aartselaar
since 20012.101.417.502
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area1.0 ha
Buildings2
Building footprint4,830 m²
Volume (LiDAR)33,611 m³
Tallest building8.6 m · ±2 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12403E0854/00G003 | Flanders | 8,690 m² | 1 · 4,603 m² | 8.6 m · 2 fl. |
| 11372A0173/00G000 | Flanders | 1,478 m² | 1 · 226 m² | 5.4 m · 1 fl. |
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.
Publications
Lifecycle & Insolvency Signals
2 events from the State Gazette22-11-2024
Bankruptcy
Opening
Full insolvency chronology
The full chronology lists every recorded event with its date, the competent court and the appointed liquidator or administrator. It answers at which stage the proceedings stand and whether they are still running.
We hold 1 further earlier event in this file, covering 11-03-2024 to 13-11-2024.
Available in Kantoor S.
See plans →
Time machine: BS events + macro context
2021-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad · acts
1 act All acts · 1
updated 3 years ago
2022
09-12-2022 3 directors appointed
- David ROEIS, Bestuurder
- WKG GROEP ACCOUNTANCY & FISCALITEIT, Gedelegeerd bestuurder
- WKG GROEP ACCOUNTANCY & FISCALITEIT, Directeur
Notary:
Yves De Vil · Antwerpen
Analysis
Financial profile
5 of 5 axes measured34
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
100
Solvency
38
Growth
32
Stability
0
Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 470 of the 4,803 companies in this sector. 365 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Overige posterijen en koeriers53200Koeriers, exclusief de nationale posterijen64120
Primary activity highlighted.
Names & trade names
| Legal nameNL | TOP SPEED |
Registered office
De Regenboog 5/R
2800 Mechelen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.