Financials
Financial year 2025
SPEED WORKS from Montigny-le-Tilleul, company number BE0464359388, closed financial year 2025 with a result of € 104,178 after tax. For that financial year SPEED WORKS recorded a gross margin of € 1.7 million and equity of € 2 million. Compared with financial year 2024, the result moved from € 113,037 to € 104,178. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 3, 2026.
€ 2 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 104,178
▼ 8% vs 2024
Profit after tax over the fiscal year.
€ 378,124
▼ 13% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 70,000 paid out
67 % of the profit went to the shareholders, mostly to CELERO (95 % of the shares). That is where the money ends up.
People and assets in 2025
16.9
▲ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.3 million
▲ 9% vs 2024
€ 79,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 239,549
▼ 37% vs 2024
Of which on lease € 3,172.
Debts at end 2025
€ 37,072
▼ 90% vs 2024
€ 33,474 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 784,227
▲ 23% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 307,119
▲ 43% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,027,191 | € 2,135,428 | € 1,556,694 | € 1,680,374 | ▲ 8% |
| Profit after taxes | € 437,356 | € 470,198 | € 113,037 | € 104,178 | ▼ 8% |
| Equity | € 1,592,216 | € 1,949,915 | € 1,987,952 | € 2,022,130 | ▲ 2% |
| Total debts | € 1,500,122 | € 1,565,376 | € 1,502,229 | € 1,728,893 | ▲ 15% |
| Cash | € 149,240 | € 93,373 | € 432,928 | € 378,124 | ▼ 13% |
| Land & buildings | € 242,398 | € 229,242 | € 216,086 | € 202,930 | ▼ 6% |
| Retained profit | € 1,467,216 | € 1,824,915 | € 1,862,952 | € 1,897,130 | ▲ 2% |
| Dividend | € 97,500 | € 112,500 | € 75,000 | € 70,000 | ▼ 7% |
| Bank debt | € 437,621 | € 357,220 | € 372,277 | € 37,072 | ▼ 90% |
| Balance sheet total | € 3,092,338 | € 3,515,291 | € 3,490,180 | € 3,751,023 | ▲ 7% |
| Employees (FTE) | 17.5 | 17.6 | 16.4 | 16.9 | ▲ 0.5 |
Key figures of SPEED WORKS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to SPEED WORKS?
What happened at SPEED WORKS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- ETIENNE CLAES & CO SRL stepped down as director. NBB
- CELERO SRL stepped down as director. NBB
- S.F.K. SRL stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 104,178 (▼ 8% vs 2024). Source: NBB ↗
- ETIENNE CLAES & CO SRL became a director. NBB
- CELERO SRL became a director. NBB
- S.F.K. SRL became a director. NBB
- New establishment in Montigny-le-Tilleul. KBO
In short
From € 437,356 profit in 2022 to € 104,178 profit in 2025.
Paid € 334,002 in corporate taxes since 2022.
Best year ever: 2023, with € 470,198 profit.
On average € 99,400 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of CELERO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SPEED WORKSThe shares are held by CELERO (95%).
Directors
According to the 2025 annual accounts
since 2021 · until 2027
Managing director · represented by SRL GLYAC
since 2021 · until 2027
Director · represented by Frédéric JAVAY
since 2021 · until 2027
Shareholders
95%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue de Gozée 243
6110 Montigny-le-Tilleul
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0464.359.388
- VAT number
- BE 0464.359.388
- Registered office
- Rue de Gozée 243, 6110 Montigny-le-Tilleul
- Names & denominations
- SPEED WORKS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 October 1998
- Peppol
- Active · Active since 27 Oct 2025
- Activities · NACE
Overige gespecialiseerde bouwactiviteiten, neg
Bouw van civieltechnische werken voor elektriciteit en telecommunicatie
Overige gespecialiseerde bouwwerkzaamheden
Bouw van autowegen en andere wegen