SPEED2SCALE
ActiveSummary
SPEED2SCALE has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €19k and a net result of €-11k. Equity is shrinking by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 52% of 1235 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency78▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.79 against 0.94 in 2023; short-term debt: 47.4% and cash: 8.2% of total assets), and 47.4% 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
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
52.6%
Return on assets
-31.4%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Printing and reproduction of recorded media (NACE 18)
about 11% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-11k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-10-2025, 88 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
88 d late
2023
30 d late
2022
123 d late
2021
92 d late
2020
87 d late
2019
49 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€19k▼ 37.4%
2023 · €30k
2018: €61k
2019: €63k▲ +2.2% vs 2018
2020: €81k▲ +29.9% vs 2019highest in 7 years
2021: €63k▼ -22.6% vs 2020
2022: €81k▲ +28.7% vs 2021
2023: €30k▼ -62.9% vs 2022
2024: €19k▼ -37.4% vs 2023lowest in 7 years
2018 → 2024
Total assets
€36k▼ 38.4%
2023 · €58k
2018: €144k
2019: €146k▲ +1.5% vs 2018highest in 7 years
2020: €130k▼ -10.8% vs 2019
2021: €99k▼ -23.7% vs 2020
2022: €141k▲ +41.8% vs 2021
2023: €58k▼ -58.7% vs 2022
2024: €36k▼ -38.4% vs 2023lowest in 7 years
2018 → 2024
Net result
€-11k▲ 78.0%
2023 · €-51k
2018: €1k
2019: €793▼ -32.8% vs 2018
2020: €29k▲ +3524% vs 2019highest in 7 years
2021: €-18k▼ -164% vs 2020
2022: €18k▲ +199% vs 2021
2023: €-51k▼ -382% vs 2022lowest in 7 years
2024: €-11k▲ +78.0% vs 2023
2018 → 2024
Working capital
€-4k▼ 101%
2023 · €-2k
2018: €48k
2019: €51k▲ +6.8% vs 2018
2020: €70k▲ +36.2% vs 2019highest in 7 years
2021: €46k▼ -34.4% vs 2020
2022: €38k▼ -17.8% vs 2021
2023: €-2k▼ -105% vs 2022
2024: €-4k▼ -101% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€81k-€63k▼ 22.6%€81k▲ 28.7%€30k▼ 62.9%€19k▼ 37.4%
2020: €81khighest in 5 years
2021: €63k▼ -22.6% vs 2020
2022: €81k▲ +28.7% vs 2021
2023: €30k▼ -62.9% vs 2022
2024: €19k▼ -37.4% vs 2023lowest in 5 years
Operating result€35k-€-17k€21k€-38k€-11k▲ 70.6%
2020: €35khighest in 5 years
2021: €-17k▼ -148% vs 2020
2022: €21k▲ +223% vs 2021
2023: €-38k▼ -281% vs 2022lowest in 5 years
2024: €-11k▲ +70.6% vs 2023
Net result€29k-€-18k€18k€-51k€-11k▲ 78.0%
2020: €29khighest in 5 years
2021: €-18k▼ -164% vs 2020
2022: €18k▲ +199% vs 2021
2023: €-51k▼ -382% vs 2022lowest in 5 years
2024: €-11k▲ +78.0% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11k in 2024 against €38k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €36k
Fixed assets
€22k ▼ 29.7%
Current assets
€13k ▼ 49.0%
Equity and liabilities €36k
Equity
€19k ▼ 37.4%
Debt
€17k ▼ 39.6%
Debt's share of the balance-sheet total falls from 48.3% to 47.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-894▲
2023 · €-24k
Cash flow
€-1k▲
2023 · €-38k
Current ratio
0.79▼
2023 · 0.94
Debt to equity
0.90▼
2023 · 0.93
ROE
-59.7%▲
2023 · -169.5%
ROA
-31.4%▲
2023 · -87.6%
Interest coverage
-4.63▲
2023 · -155.35
Debt ≤ 1 year
€17k▼
2023 · €28k
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 · 39 lines
Balance sheet
Code20232024
Assets
Total assets20/58€58k€36k▼
Fixed assets21/28€32k€22k▼
Tangible fixed assets22/27€32k€22k▼
Furniture and vehicles24€18k€10k▼
Other tangible fixed assets26€14k€12k▼
Current assets29/58€26k€13k▼
Amounts receivable within one year40/41€24k€10k▼
Trade receivables40€10k€10k▼
Other amounts receivable41€13k-
Cash at bank and in hand54/58€2k€3k▲
Deferred charges and accrued income490/1€196€158▼
Equity and liabilities
Total equity and liabilities10/49€58k€36k▼
Equity10/15€30k€19k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€22k€11k▼
Amounts payable17/49€28k€17k▼
Amounts payable within one year42/48€28k€17k▼
Trade debts44€2k€11k▲
Suppliers440/4€2k€11k▲
Advances received on contracts in progress46€3k€3k=
Taxes, remuneration and social security45€2k-
Taxes450/3€2k-
Other amounts payable47/48€21k€3k▼
Income statement
Code20232024
Goods, raw materials, services and sundry goods60/61€32k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€10k▼
Other operating charges640/8€910€5k▲
Gross operating margin9900€-23k€4k▲
Operating profit (loss)9901€-38k€-11k▲
Financial charges65/66B€156€193▲
Recurring financial charges65€156€193▲
Profit (loss) for the period before taxes9903€-38k€-11k▲
Income taxes67/77€13k-
Profit (loss) for the period9904€-51k€-11k▲
Profit (loss) for the period to be appropriated9905€-51k€-11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€22k€11k▼
Profit (loss) brought forward from the previous period14P€73k€22k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | €5k | €32k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €4k | €7k | €13k | €10k | ▼ 24.0% |
| Other operating charges640/8 | - | €4k | €1k | €910 | €5k | ▲ 423% |
| Gross operating margin9900 | €44k | €-9k | €29k | €-23k | €4k | ▲ 117% |
| Operating profit (loss)9901 | €35k | €-17k | €21k | €-38k | €-11k | ▲ 70.6% |
| Financial income75/76B | - | - | €2 | - | - | - |
| Recurring financial income75 | €2k | - | €2 | - | - | - |
| Financial charges65/66B | - | €1k | €489 | €156 | €193 | ▲ 23.6% |
| Recurring financial charges65 | €334 | €1k | €489 | €156 | €193 | ▲ 23.6% |
| Profit (loss) for the period before taxes9903 | €37k | €-18k | €20k | €-38k | €-11k | ▲ 70.2% |
| Income taxes67/77 | €8k | €293 | €2k | €13k | - | - |
| Profit (loss) for the period9904 | €29k | €-18k | €18k | €-51k | €-11k | ▲ 78.0% |
| Profit (loss) for the period to be appropriated9905 | €29k | €-18k | €18k | €-51k | €-11k | ▲ 78.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €130k | €99k | €141k | €58k | €36k | ▼ 38.4% |
| Fixed assets21/28 | €16k | €17k | €45k | €32k | €22k | ▼ 29.7% |
| Tangible fixed assets22/27 | €16k | €17k | €45k | €32k | €22k | ▼ 29.7% |
| Furniture and vehicles24 | - | €17k | €30k | €18k | €10k | ▼ 43.5% |
| Other tangible fixed assets26 | - | - | €15k | €14k | €12k | ▼ 11.5% |
| Current assets29/58 | €115k | €82k | €96k | €26k | €13k | ▼ 49.0% |
| Amounts receivable within one year40/41 | €57k | €56k | €40k | €24k | €10k | ▼ 56.5% |
| Trade receivables40 | - | €35k | €26k | €10k | €10k | ▼ 1.0% |
| Other amounts receivable41 | - | €21k | €13k | €13k | - | - |
| Cash at bank and in hand54/58 | €55k | €25k | €55k | €2k | €3k | ▲ 21.0% |
| Deferred charges and accrued income490/1 | - | €1k | €1k | €196 | €158 | ▼ 19.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €130k | €99k | €141k | €58k | €36k | ▼ 38.4% |
| Equity10/15 | €81k | €63k | €81k | €30k | €19k | ▼ 37.4% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Capital10 | - | €6k | - | - | - | - |
| Issued capital100 | - | €19k | - | - | - | - |
| Uncalled capital101 | - | €12k | - | - | - | - |
| Outside capital11 | - | - | €6k | - | - | - |
| Other1109/19 | - | - | €6k | - | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €2k | €2k | = |
| Profit (loss) carried forward14 | €73k | €55k | €73k | €22k | €11k | ▼ 51.2% |
| Amounts payable17/49 | €49k | €36k | €60k | €28k | €17k | ▼ 39.6% |
| Amounts payable after more than one year17 | €4k | - | - | - | - | - |
| Amounts payable within one year42/48 | €45k | €36k | €58k | €28k | €17k | ▼ 39.6% |
| Current portion of amounts payable after more than one year42 | - | €14k | - | - | - | - |
| Trade debts44 | €15k | €372 | €20k | €2k | €11k | ▲ 505% |
| Suppliers440/4 | - | €372 | €20k | €2k | €11k | ▲ 505% |
| Advances received on contracts in progress46 | - | - | €4k | €3k | €3k | = |
| Taxes, remuneration and social security45 | - | €8k | €7k | €2k | - | - |
| Taxes450/3 | - | €8k | €7k | €2k | - | - |
| Other amounts payable47/48 | - | €14k | €27k | €21k | €3k | ▼ 84.6% |
| Accrued charges and deferred income492/3 | - | - | €2k | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29k | €-18k | €18k | €-51k | €-11k | ▲ 78.0% |
| + Depreciation and write-downs630 | €7k | €4k | €7k | €13k | €10k | ▼ 24.0% |
| Operating cash flow (approximation) | €35k | €-14k | €25k | €-38k | €-1k | ▲ 97.1% |
| Investment in fixed assets (approximation) | - | €-6k | €-35k | €0 | €-700 | - |
| Change in cash | - | €-30k | €30k | €-52k | €511 | ▲ 101% |
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
2025
27-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 88 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-51k
Net result drops to €-51k, the lowest in the series; recovery starts the following year.
01-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 123 days late
2022
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 87 days late
2020
31-12
Financial
Highest result since 2018net €29k ▲3,524%
Operating result €35k, net result €29k, both a record.
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 49 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
Financial 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, Namur · 1 establishment unit since 2016
Ground area
3,394 m²
Building footprint
171 m²
Volume, LiDAR
714 m³
2 parcels, Wallonia · tallest building 6.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SPEED2SCALE
since 20162.253.347.711
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25113A0147/00K000indicative | Wallonia | 2,320 m² | - | - |
| 92136B0360/00C000 | Wallonia | 1,073 m² | 1 · 170 m² | 6.2 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,855 companies in sector 18130 we hold annual accounts for 832. 579 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-05-2016
Fiscal year end31-12
Activities, NACEBEL 2025
18130Pre-press and pre-media services
73110Advertising agencies
85599Other education
90201Performing arts by independent artists
90399Other support activities for arts and performing arts
96999Other personal services
Scores and ratios are computed by Checked and are not a credit decision.