X-SPEED
Bankruptcy closedInactive since 10-06-2026; 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)
Financials · fiscal year 2021, micro schema
Equity
€-3k
2020 · €17k
2018: €7k
2019: €8k
2020: €17k
2018 → 2021
Total assets
€101k▼ 26.5%
2020 · €137k
2018: €23k
2019: €65k
2020: €137k
2018 → 2021
Net result
€-20k
2020 · €27k
2018: €393
2019: €7k
2020: €27k
2018 → 2021
Working capital
€-7k
2020 · €14k
2018: €7k
2019: €2k
2020: €14k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€7k-€8k▲ 16.4%€17k▲ 124%€-3k
Operating result€404-€7k▲ 1,667%€30k▲ 315%€-20k
Net result€393-€7k▲ 1,701%€27k▲ 288%€-20k
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
€104k▼
2020 · €120k
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.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 41 lines
Balance sheet
Code20202021
Assets
Total assets20/58€137k€101k▼
Fixed assets21/28€3k€4k▲
Tangible fixed assets22/27€3k€2k▼
Furniture and vehicles24€3k€2k▼
Financial fixed assets28-€3k
Current assets29/58€134k€96k▼
Stocks and contracts in progress3€32k€49k▲
Stocks30/36€32k€49k▲
Amounts receivable within one year40/41€101k€45k▼
Trade receivables40€69k€45k▼
Other amounts receivable41€32k-
Cash at bank and in hand54/58€824€2k▲
Equity and liabilities
Total equity and liabilities10/49€137k€101k▼
Equity10/15€17k€-3k▼
Contributions10/11€6k€6k=
Reserves13€74€74=
Non-distributable reserves130/1€74€74=
Reserves not available under the articles1311€74€74=
Profit (loss) carried forward14€11k€-9k▼
Amounts payable17/49€120k€104k▼
Amounts payable within one year42/48€120k€104k▼
Trade debts44€92k€91k▼
Suppliers440/4€92k€91k▼
Taxes, remuneration and social security45€10k€2k▼
Taxes450/3€10k€2k▼
Other amounts payable47/48€19k€10k▼
Income statement
Code20202021
Remuneration, social security and pensions62-€3k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Other operating charges640/8-€500
Gross operating margin9900€33k€-13k▼
Operating profit (loss)9901€30k€-20k▼
Financial charges65/66B€110€121▲
Recurring financial charges65€110€121▲
Profit (loss) for the period before taxes9903€30k€-20k▼
Income taxes67/77€2k-
Profit (loss) for the period9904€27k€-20k▼
Profit (loss) for the period to be appropriated9905€27k€-20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€29k€-9k▼
Profit (loss) brought forward from the previous period14P€1k€11k▲
Profit to be distributed694/7€18k-
Directors or managers695€18k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
08-07
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise du Hainaut, division Mons · X-SPEED SPRL CHAUSSEE PAUL HOUTART 281, 7110 HOUDENG-AIMERIES. déclarée le 8 janvier 2024 · event 08-06-2026
2024
07-02
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Mons · X-SPEED SPRL CHAUSSEE PAUL HOUTART 281, 7110 HOUDENG-AIMERIES · 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 ▼174%
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.
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
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.
Chaussée Paul Houtart(H-A) 2817110 La LouvièreGround 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
Methodology
via registered seat: 1
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 12,604 companies in sector 49410 we hold annual accounts for 8,202. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded24-04-2018
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.