A.A. Express
ActiveSummary
The computed 12-month bankruptcy probability of A.A. Express is 2.3% (moderate). The 2025 annual accounts show equity of €3,394 and a net result of €8,518. Equity is shrinking by ~22.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 26% of 493 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability93▲+54
Solvency33▲+18
Growth85▲+30
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 53
Relative position
BE, all sectors
reference
Postal and courier activities (NACE 53)
about 277% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
7.7%
Return on assets
19.3%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-02-2026, 27 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
27 d late
2024
28 d late
2023
29 d late
2022
28 d late
2021
25 d late
2020
26 d late
2019
5 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 24 days after the deadline; the sector median for financial year 2024 is 13 days after the deadline, and 56% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 28 February (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€72,669▲ 63.4%
2020 · €44,469
EBIT margin
1.9%▲ 11.5pp
2020 · -9.6%
Net result
€8,518
2024 · -€1,535
Working capital
-€18,336▲ 31.3%
2024 · -€26,687
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 53, Postal and courier activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€72,669▲ 63.4%
Operating result€1,355-€690€367-€563€13,504
Net result€185within the sector's middle half-€1,802within the sector's middle half€94within the sector's middle half-€1,535within the sector's middle half€8,518within the sector's middle half
EBIT margin1.9%▲ 11.5pp
Equity-€1,880below the sector's middle half▲ 8.9%-€3,682below the sector's middle half▼ 95.8%-€3,589below the sector's middle half▲ 2.5%-€5,124below the sector's middle half▼ 42.8%€3,394within the sector's middle half
Total assets€40,708within the sector's middle half▲ 13.5%€41,057below the sector's middle half▲ 0.9%€43,825within the sector's middle half▲ 6.7%€53,628within the sector's middle half▲ 22.4%€44,222within the sector's middle half▼ 17.5%
Debt€42,589▲ 12.3%€44,739▲ 5.0%€47,414▲ 6.0%€58,752▲ 23.9%€40,828▼ 30.5%
Working capital-€7,540below the sector's middle half▼ 157%-€3,232within the sector's middle half▲ 57.1%-€7,110within the sector's middle half▼ 120%-€26,687below the sector's middle half▼ 275%-€18,336below the sector's middle half▲ 31.3%
Solvency-4.6%below the sector's middle half▲ 1.1pp-9.0%below the sector's middle half▼ 4.3pp-8.2%below the sector's middle half▲ 0.8pp-9.6%below the sector's middle half▼ 1.4pp7.7%within the sector's middle half▲ 17.2pp
Current ratio0.55below the sector's middle half▼ 0.220.87below the sector's middle half▲ 0.330.75below the sector's middle half▼ 0.130.38below the sector's middle half▼ 0.370.42below the sector's middle half▲ 0.05
Return on assets (ROA)0.5%within the sector's middle half▲ 13.7pp-4.4%below the sector's middle half▼ 4.8pp0.2%within the sector's middle half▲ 4.6pp-2.9%below the sector's middle half▼ 3.1pp19.3%above the sector's middle half▲ 22.1pp
above
within
below
the middle half (P25 to P75) of NACE 53, Postal and courier activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €13,504 after a loss of €563 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €44,222
Fixed assets
€30,730 ▼ 18.2%
Current assets
€13,492 ▼ 15.9%
Equity and liabilities €44,222
Equity
€3,394
Debt
€40,828
Debt finances 92.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€20,355▲
2024 · €5,156
Cash flow
€15,369▲
2024 · €4,184
Debt to equity
12.03▲
2024 · -11.47
ROE
251.0%
Interest coverage
26.80▲
2024 · 2.90
Debt ≤ 1 year
€31,828▼
2024 · €42,734
Debt > 1 year
€9,000▼
2024 · €16,018
Income taxes
€4,226▲
2024 · -€804
Staff costs
€243
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,153 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,153 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €72,669 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | €3,864 | €1,092 | - | €243 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,299 | €13,844 | €8,925 | €5,719 | €6,852 | ▲ 19.8% |
| Other operating charges640/8 | - | €572 | €2,274 | €1,359 | €1,523 | ▲ 12.1% |
| Gross operating margin9900 | €11,743 | €17,590 | €12,659 | €6,514 | €22,121 | ▲ 240% |
| Operating profit (loss)9901 | €1,355 | -€690 | €367 | -€563 | €13,504 | ▲ 2,496% |
| Financial income75/76B | - | - | €0 | €0 | €0 | ▼ 100% |
| Recurring financial income75 | - | - | €0 | €0 | €0 | ▼ 100% |
| Financial charges65/66B | - | €728 | €273 | €1,776 | €760 | ▼ 57.2% |
| Recurring financial charges65 | €564 | €728 | €273 | €1,776 | €760 | ▼ 57.2% |
| Profit (loss) for the period before taxes9903 | €792 | -€1,418 | €94 | -€2,339 | €12,744 | ▲ 645% |
| Income taxes67/77 | €607 | €384 | - | -€804 | €4,226 | ▲ 626% |
| Profit (loss) for the period9904 | €185 | -€1,802 | €94 | -€1,535 | €8,518 | ▲ 655% |
| Profit (loss) for the period to be appropriated9905 | €185 | -€1,802 | €94 | -€1,535 | €8,518 | ▲ 655% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €40,708 | €41,057 | €43,825 | €53,628 | €44,222 | ▼ 17.5% |
| Formation expenses20 | - | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €31,604 | €18,875 | €22,901 | €37,581 | €30,730 | ▼ 18.2% |
| Tangible fixed assets22/27 | €22,604 | €9,875 | €13,901 | €28,581 | €21,730 | ▼ 24.0% |
| Plant, machinery and equipment23 | - | €1,459 | €1,101 | €372 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €8,416 | €12,799 | €28,210 | €21,730 | ▼ 23.0% |
| Financial fixed assets28 | €9,000 | €9,000 | €9,000 | €9,000 | €9,000 | = |
| Current assets29/58 | €9,104 | €22,181 | €20,925 | €16,047 | €13,492 | ▼ 15.9% |
| Amounts receivable within one year40/41 | €5,594 | €15,312 | €18,396 | €9,696 | €3,030 | ▼ 68.8% |
| Trade receivables40 | - | €11,342 | €12,955 | €0 | €0 | - |
| Other amounts receivable41 | - | €3,970 | €5,441 | €9,696 | €3,030 | ▼ 68.8% |
| Cash at bank and in hand54/58 | €3,510 | €6,821 | €2,529 | €6,351 | €10,462 | ▲ 64.7% |
| Deferred charges and accrued income490/1 | - | €48 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €40,708 | €41,057 | €43,825 | €53,628 | €44,222 | ▼ 17.5% |
| Equity10/15 | -€1,880 | -€3,682 | -€3,589 | -€5,124 | €3,394 | ▲ 166% |
| Contributions10/11 | €100 | €100 | €100 | €100 | €100 | = |
| Capital10 | - | €100 | €100 | - | - | - |
| Issued capital100 | - | €100 | €100 | - | - | - |
| Reserves13 | €10 | €10 | €10 | €10 | €10 | = |
| Non-distributable reserves130/1 | - | €10 | €10 | €10 | €10 | = |
| Legal reserve130 | - | €10 | €10 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €10 | €10 | = |
| Profit (loss) carried forward14 | -€1,990 | -€3,792 | -€3,699 | -€5,234 | €3,284 | ▲ 163% |
| Amounts payable17/49 | €42,589 | €44,739 | €47,414 | €58,752 | €40,828 | ▼ 30.5% |
| Amounts payable after more than one year17 | €25,945 | €19,325 | €19,380 | €16,018 | €9,000 | ▼ 43.8% |
| Financial debts170/4 | - | €19,325 | €19,380 | €16,018 | €9,000 | ▼ 43.8% |
| Amounts payable within one year42/48 | €16,644 | €25,414 | €28,035 | €42,734 | €31,828 | ▼ 25.5% |
| Current portion of amounts payable after more than one year42 | - | €6,620 | €9,984 | €18,844 | €13,131 | ▼ 30.3% |
| Trade debts44 | €7,376 | €16,047 | €13,454 | €16,518 | €11,638 | ▼ 29.5% |
| Suppliers440/4 | - | €16,047 | €13,454 | €16,518 | €11,638 | ▼ 29.5% |
| Taxes, remuneration and social security45 | - | €2,633 | €1,367 | - | €2,839 | - |
| Taxes450/3 | - | €2,633 | €1,367 | - | €2,839 | - |
| Remuneration and social security454/9 | - | €0 | - | - | - | - |
| Other amounts payable47/48 | - | €114 | €3,230 | €7,372 | €4,219 | ▼ 42.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €185 | -€1,802 | €94 | -€1,535 | €8,518 | ▲ 655% |
| + Depreciation and write-downs630 | €8,299 | €13,844 | €8,925 | €5,719 | €6,852 | ▲ 19.8% |
| Operating cash flow (approximation) | €8,484 | €12,042 | €9,019 | €4,184 | €15,369 | ▲ 267% |
| Investment in fixed assets (approximation) | - | -€1,115 | -€12,950 | -€20,400 | €0 | ▲ 100% |
| Change in cash | - | €3,310 | -€4,292 | €3,822 | €4,111 | ▲ 7.6% |
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
Next filing, fiscal year 2026, expected by
2026
27-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
30-06
Financial
Back to profitnet €8,518
Net result €8,518 after one loss-making year.
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
30-06
Financial
Back to profitnet €94
Net result €94 after one loss-making year.
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
25-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
30-06
Financial
Back to profitnet €185
Net result €185 after one loss-making year.
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
30-06
Financial
Weakest financial yearnet -€4,767
Net result drops to -€4,767, the lowest in the series; recovery starts the following year.
05-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 5 days late
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Turnhout · 1 establishment unit since 2017
Ground area
1,060 m²
Building footprint
132 m²
Volume, LiDAR
575 m³
Parcel 13452N1366/00R000, Flanders · tallest building 9.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
A.A. Express
since 20172.264.703.441
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13452N1366/00R000 | Flanders | 1,060 m² | 1 · 132 m² | 9.5 m · 1 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.
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Of 4,916 companies in sector 53200 we hold annual accounts for 1,324. 559 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
Founded18-05-2017
Fiscal year end30-06
Trade name NL
AA VERHUIS
Activities, NACEBEL 2025
53200Other postal and courier activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0675872442
Also
9925:BE0675872442
Registered
06-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.