TYRESPEED BELGIUM
ActiveSummary
TYRESPEED BELGIUM has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €287k and a net result of €77k. Equity is growing by ~49.4% per year across the filed fiscal years. Its solvency ranks better than 76% of 572 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
78
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability89▲+6
Solvency84▲+20
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 1.84 against 1.27 in 2023; short-term debt: 40.8% and cash: 25.3% of total assets), and 40.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Sector 95
lower
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-07-2025, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
22 d early
2023
29 d late
2022
44 d late
2021
5 d early
2020
31 d late
2019
131 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€77k▲ 26.3%
2023 · €61k
2018: €1k
2019: €7k
2020: €59k
2021: €39k
2022: €49k
2023: €61k
2018 → 2024
Working capital
€166k▲ 89.0%
2023 · €88k
2018: €-51k
2019: €-72k
2020: €-16k
2021: €-371
2022: €51k
2023: €88k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€61k-€100k▲ 65.1%€150k▲ 49.4%€210k▲ 40.7%€287k▲ 36.6%
Operating result€88k-€70k▼ 20.4%€64k▼ 7.6%€94k▲ 45.3%€111k▲ 18.4%
Net result€59k-€39k▼ 32.7%€49k▲ 25.5%€61k▲ 23.1%€77k▲ 26.3%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 18% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €486k
Fixed assets
€121k ▼ 1.0%
Current assets
€365k ▼ 12.0%
Equity and liabilities €486k
Equity
€287k ▲ 36.6%
Debt
€198k ▼ 39.2%
Debt's share of the balance-sheet total falls from 60.8% to 40.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€140k▲
2023 · €115k
Cash flow
€106k▲
2023 · €83k
Current ratio
1.84▲
2023 · 1.27
Quick ratio
0.74▲
2023 · 0.60
Debt to equity
0.69▼
2023 · 1.55
ROE
26.8%▼
2023 · 28.9%
ROA
15.8%▲
2023 · 11.4%
Interest coverage
28.73▼
2023 · 36.45
Debt ≤ 1 year
€198k▼
2023 · €326k
Income taxes
€29k▼
2023 · €30k
Staff costs
€138k▲
2023 · €101k
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 · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€537k€486k▼
Fixed assets21/28€123k€121k▼
Tangible fixed assets22/27€76k€75k▼
Plant, machinery and equipment23€13k€8k▼
Furniture and vehicles24€25k€20k▼
Other tangible fixed assets26€39k€46k▲
Financial fixed assets28€46k€46k=
Current assets29/58€414k€365k▼
Stocks and contracts in progress3€219k€217k▼
Stocks30/36€219k€217k▼
Amounts receivable within one year40/41€109k€25k▼
Trade receivables40€109k€24k▼
Other amounts receivable41-€128
Cash at bank and in hand54/58€85k€123k▲
Equity and liabilities
Total equity and liabilities10/49€537k€486k▼
Equity10/15€210k€287k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€190k€267k▲
Amounts payable17/49€326k€198k▼
Amounts payable within one year42/48€326k€198k▼
Trade debts44€81k€88k▲
Suppliers440/4€81k€88k▲
Advances received on contracts in progress46€113k-
Taxes, remuneration and social security45€127k€103k▼
Taxes450/3€70k€89k▲
Remuneration and social security454/9€57k€14k▼
Other amounts payable47/48€6k€8k▲
Income statement
Code20232024
Remuneration, social security and pensions62€101k€138k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€29k▲
Other operating charges640/8€8k€6k▼
Gross operating margin9900€225k€284k▲
Operating profit (loss)9901€94k€111k▲
Financial income75/76B€3€3▲
Recurring financial income75€3€3▲
Financial charges65/66B€3k€5k▲
Recurring financial charges65€3k€5k▲
Profit (loss) for the period before taxes9903€91k€106k▲
Income taxes67/77€30k€29k▼
Profit (loss) for the period9904€61k€77k▲
Profit (loss) for the period to be appropriated9905€61k€77k▲
Appropriation of the result
Profit (loss) to be appropriated9906€190k€267k▲
Profit (loss) brought forward from the previous period14P€129k€190k▲
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
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €77k ▲26.3%
Operating result €111k, net result €77k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
31-12
Financial
Equity above €200kEq €210k ▲40.7%
6 profitable years in a row build equity to €210k.
13-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 44 days late
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €100k ▲65.1%
4 profitable years in a row build equity to €100k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
09-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 131 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
25-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 25 days late
2017
18-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 49 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Sint-Jans-Molenbeek · 2 establishment units since 2012
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.
Gentsesteenweg 6231080 Sint-Jans-MolenbeekGround area
989 m²
Building footprint
658 m²
Volume, LiDAR
4,818 m³
2 parcels, Brussels · tallest building 12.3 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Gentsesteenweg 623, 1080 Sint-Jans-Molenbeek
since 20122.207.302.702
Auguste Van Zandestraat 15, 1080 Sint-Jans-Molenbeek
since 20212.324.579.165
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21526D0007/00Y003 | Brussels | 629 m² | 1 · 658 m² | 12.3 m · 2 fl. |
| 21526D0007/00T003 | Brussels | 360 m² | - | - |
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
CARGOTRANSIT
BE 0437.493.160
Fontaine-l'Evêque · Eq €287,665
GARAGE MACHIELS & SPAPEN
BE 0748.745.572
Herk-de-Stad · Eq €288,017
BANDEMAN
BE 0660.701.939
Roeselare · Eq €288,569
PECHENY PNEUS
BE 0515.972.989
Charleroi · Eq €285,388
Bandencentrale Slaets
BE 0840.559.636
Meerhout · Eq €284,474
Of 1,000 companies in sector 95315 we hold annual accounts for 427. 290 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-10-2011
Fiscal year end31-12
Activities, NACEBEL 2025
95315Tyre services
47820Retail sale of motor vehicle parts and accessories
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.tyrespeed.com
E-mail:info@tyrespeed.com