X-SPEED
Bankruptcy closedInactive since 11-06-2026; last annual accounts for fiscal year 2021.
Summary
X-SPEED was declared bankrupt on 08-01-2024 (Tribunal de l’entreprise du Hainaut, division Mons); the bankruptcy was closed for insufficient assets by judgment of 08-06-2026, published in the Belgian State Gazette on 08-07-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 17-10-2022, 78 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
78 d late
2020
387 d late
2019
119 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
Still owed money by this company? This is how you file your claim.Creditor guide Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?Debtor check How is the Freight transport by road sector doing?Sector figures
Financials · fiscal year 2021, micro schema
Equity
€-3k
2020 · €17k
Total assets
€101k▼ 26.5%
2020 · €137k
Net result
€-20k
2020 · €27k
Working capital
€-7k
2020 · €14k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result€404-€7k▲ 1,667%€30k▲ 315%€-20k
Net result€393-€7k▲ 1,701%€27k▲ 288%€-20k
Equity€7k-€8k▲ 16.4%€17k▲ 124%€-3k
Total assets€23k-€65k▲ 179%€137k▲ 112%€101k▼ 26.5%
Debt€17k-€57k▲ 243%€120k▲ 111%€104k▼ 13.4%
Working capital€7k-€2k▼ 74.6%€14k▲ 746%€-7k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €20k after €30k in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €101k
Fixed assets
€4k ▲ 44.4%
Current assets
€96k ▼ 28.1%
Key figures and ratios
EBITDA
€-17k▼
2020 · €33k
Cash flow
€-17k▼
2020 · €30k
Solvency
-3.1%▼
2020 · 12.5%
Current ratio
0.93▼
2020 · 1.12
Quick ratio
0.45▼
2020 · 0.85
Debt to equity
-32.87▼
2020 · 6.99
ROA
-20.2%▼
2020 · 20.0%
Interest coverage
-138.73▼
2020 · 297.60
Debt ≤ 1 year
€104k▼
2020 · €120k
Staff costs
€3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €3k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €3k | €3k | €3k | ▲ 14.8% |
| Other operating charges640/8 | - | - | - | €500 | - |
| Gross operating margin9900 | €404 | €11k | €33k | €-13k | ▼ 140% |
| Operating profit (loss)9901 | €404 | €7k | €30k | €-20k | ▼ 168% |
| Financial charges65/66B | - | - | €110 | €121 | ▲ 10.1% |
| Recurring financial charges65 | €11 | €63 | €110 | €121 | ▲ 10.1% |
| Profit (loss) for the period before taxes9903 | €393 | €7k | €30k | €-20k | ▼ 169% |
| Income taxes67/77 | - | - | €2k | - | - |
| Profit (loss) for the period9904 | €393 | €7k | €27k | €-20k | ▼ 174% |
| Profit (loss) for the period to be appropriated9905 | €393 | €7k | €27k | €-20k | ▼ 174% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €23k | €65k | €137k | €101k | ▼ 26.5% |
| Fixed assets21/28 | - | €6k | €3k | €4k | ▲ 44.4% |
| Tangible fixed assets22/27 | - | €6k | €3k | €2k | ▼ 40.6% |
| Furniture and vehicles24 | - | - | €3k | €2k | ▼ 40.6% |
| Financial fixed assets28 | - | - | - | €3k | - |
| Current assets29/58 | €23k | €59k | €134k | €96k | ▼ 28.1% |
| Stocks and contracts in progress3 | - | - | €32k | €49k | ▲ 52.6% |
| Stocks30/36 | - | - | €32k | €49k | ▲ 52.6% |
| Amounts receivable within one year40/41 | €22k | €57k | €101k | €45k | ▼ 55.2% |
| Trade receivables40 | - | - | €69k | €45k | ▼ 34.2% |
| Other amounts receivable41 | - | - | €32k | - | - |
| Cash at bank and in hand54/58 | €813 | €2k | €824 | €2k | ▲ 136% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €23k | €65k | €137k | €101k | ▼ 26.5% |
| Equity10/15 | €7k | €8k | €17k | €-3k | ▼ 118% |
| Contributions10/11 | €6k | €6k | €6k | €6k | = |
| Reserves13 | €20 | €74 | €74 | €74 | = |
| Non-distributable reserves130/1 | - | - | €74 | €74 | = |
| Reserves not available under the articles1311 | - | - | €74 | €74 | = |
| Profit (loss) carried forward14 | €373 | €1k | €11k | €-9k | ▼ 187% |
| Amounts payable17/49 | €17k | €57k | €120k | €104k | ▼ 13.4% |
| Amounts payable within one year42/48 | €17k | €57k | €120k | €104k | ▼ 13.4% |
| Trade debts44 | €15k | €50k | €92k | €91k | ▼ 0.2% |
| Suppliers440/4 | - | - | €92k | €91k | ▼ 0.2% |
| Taxes, remuneration and social security45 | - | - | €10k | €2k | ▼ 77.0% |
| Taxes450/3 | - | - | €10k | €2k | ▼ 77.0% |
| Other amounts payable47/48 | - | - | €19k | €10k | ▼ 45.3% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €393 | €7k | €27k | €-20k | ▼ 174% |
| + Depreciation and write-downs630 | - | €3k | €3k | €3k | ▲ 14.8% |
| Operating cash flow (approximation) | €393 | €10k | €30k | €-17k | ▼ 155% |
| Investment in fixed assets (approximation) | - | - | €0 | €-5k | - |
| Change in cash | - | €1k | €-1k | €1k | ▲ 207% |
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
2026
08-07
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise du Hainaut, division Mons · event 08-06-2026
2024
07-02
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Mons · event 08-01-2024
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
22-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 387 days late
2021
31-12
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series.
2020
31-12
Financial
Highest result since 2018net €27k ▲288%
Operating result €30k, net result €27k, both a record.
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
2019
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 57 days late
SignalFinancial 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, La Louvière
Ground area
272 m²
Building footprint
92 m²
Volume, LiDAR
777 m³
Parcel 55020C0813/00N002, Wallonia · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55020C0813/00N002 | Wallonia | 272 m² | 1 · 92 m² | 9.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | BERNARD POPYN RUE DE LA GRANDE TRIPERIE, 15,
7000 MONS- .
Date provisoire de cessation de paiement : 08/01/2024 |
08-01-2024 → 08-06-2026 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 12,585 companies in sector 49410 we hold annual accounts for 8,199. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded24-04-2018
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
Scores and ratios are computed by Checked and are not a credit decision.