A & S EXPRESS
ActiveSummary
The computed 12-month bankruptcy probability of A & S EXPRESS is 2.1% (moderate). The 2025 annual accounts show negative equity (-€6,013) and a net result of -€5,159. Equity is shrinking by ~31.3% per year across the filed fiscal years. The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0▼-21
Growth32=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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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 2025Age of the figures
Age of the figures
12 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€6,013
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-04-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
15 d late
2023
on the day
2022
37 d late
2021
150 d late
2020
25 d late
2019
6 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 33 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 15 May (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close01-10-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€6,013▼ 604%
2024 · -€854
Total assets
€4,219▼ 81.9%
2024 · €23,316
Net result
-€5,159▲ 46.3%
2024 · -€9,604
Working capital
-€9,355▼ 87.2%
2024 · -€4,998
Trend over the years
In euros
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In full-time equivalents (FTE)
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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€27,220-€2,629▲ 90.3%-€53,358▼ 1,930%-€8,678▲ 83.7%-€4,675▲ 46.1%
Net result-€29,803-€4,549▲ 84.7%-€53,871▼ 1,084%-€9,604▲ 82.2%-€5,159▲ 46.3%
Equity€67,170▼ 30.7%€62,621▼ 6.8%€8,749▼ 86.0%-€854-€6,013▼ 604%
Total assets€99,220▼ 51.1%€131,374▲ 32.4%€60,015▼ 54.3%€23,316▼ 61.2%€4,219▼ 81.9%
Debt€32,050▼ 69.7%€68,753▲ 115%€51,266▼ 25.4%€24,170▼ 52.9%€10,232▼ 57.7%
Working capital€33,621▼ 38.0%€48,816▲ 45.2%€3,603▼ 92.6%-€4,998-€9,355▼ 87.2%
Staff (FTE)2=2=2=
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4,675 in 2025 against €8,678 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4,219
Fixed assets
€3,342 ▼ 19.4%
Current assets
€877 ▼ 95.4%
Equity and liabilities
Equity-€6,013
Debt€10,232
Equity is negative: debt (€10,232) exceeds the balance-sheet total (€4,219).
Key figures and ratios
EBITDA
-€3,873▲
2024 · -€7,676
Cash flow
-€4,357▲
2024 · -€8,602
Interest coverage
-8.01▲
2024 · -8.29
Debt ≤ 1 year
€10,232▼
2024 · €24,170
Ratios withheld: a balance sheet total of €4,219 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €29,930 | €48,143 | €80,470 | €4,811 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,567 | €19,744 | €2,178 | €1,002 | €802 | ▼ 20.0% |
| Other operating charges640/8 | €6,328 | €13,271 | €1,116 | €1,081 | €577 | ▼ 46.6% |
| Non-recurring operating charges66A | €5,654 | - | - | - | - | - |
| Gross operating margin9900 | €36,258 | €78,530 | €30,407 | -€1,784 | -€3,296 | ▼ 84.8% |
| Operating profit (loss)9901 | -€27,220 | -€2,629 | -€53,358 | -€8,678 | -€4,675 | ▲ 46.1% |
| Financial income75/76B | €3 | €114 | €747 | €0 | - | - |
| Recurring financial income75 | €3 | €114 | €747 | €0 | - | - |
| Financial charges65/66B | €2,585 | €2,034 | €1,261 | €926 | €483 | ▼ 47.8% |
| Recurring financial charges65 | €2,585 | €2,034 | €1,261 | €926 | €483 | ▼ 47.8% |
| Profit (loss) for the period before taxes9903 | -€29,803 | -€4,549 | -€53,871 | -€9,604 | -€5,159 | ▲ 46.3% |
| Profit (loss) for the period9904 | -€29,803 | -€4,549 | -€53,871 | -€9,604 | -€5,159 | ▲ 46.3% |
| Profit (loss) for the period to be appropriated9905 | -€29,803 | -€4,549 | -€53,871 | -€9,604 | -€5,159 | ▲ 46.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €99,220 | €131,374 | €60,015 | €23,316 | €4,219 | ▼ 81.9% |
| Fixed assets21/28 | €33,548 | €13,804 | €5,146 | €4,144 | €3,342 | ▼ 19.4% |
| Tangible fixed assets22/27 | €30,807 | €11,062 | €2,404 | €1,402 | €600 | ▼ 57.2% |
| Plant, machinery and equipment23 | €1,460 | €410 | - | - | - | - |
| Furniture and vehicles24 | €24,824 | €7,189 | - | - | - | - |
| Other tangible fixed assets26 | €4,523 | €3,464 | €2,404 | €1,402 | €600 | ▼ 57.2% |
| Financial fixed assets28 | €2,742 | €2,742 | €2,742 | €2,742 | €2,742 | = |
| Current assets29/58 | €65,672 | €117,569 | €54,869 | €19,172 | €877 | ▼ 95.4% |
| Amounts receivable within one year40/41 | €40,349 | €98,571 | €39,654 | €10,498 | €182 | ▼ 98.3% |
| Trade receivables40 | €39,592 | €64,716 | €14,681 | €10,316 | - | - |
| Other amounts receivable41 | €758 | €33,855 | €24,973 | €182 | €182 | = |
| Cash at bank and in hand54/58 | €19,126 | €14,944 | €13,127 | €8,674 | €695 | ▼ 92.0% |
| Deferred charges and accrued income490/1 | €6,196 | €4,054 | €2,088 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €99,220 | €131,374 | €60,015 | €23,316 | €4,219 | ▼ 81.9% |
| Equity10/15 | €67,170 | €62,621 | €8,749 | -€854 | -€6,013 | ▼ 604% |
| Contributions10/11 | €43,550 | €43,550 | €43,550 | €43,550 | €43,550 | = |
| Reserves13 | €53,422 | €53,422 | €53,422 | €4,355 | €4,355 | = |
| Non-distributable reserves130/1 | €4,355 | €4,355 | €4,355 | €4,355 | €4,355 | = |
| Reserves not available under the articles1311 | €4,355 | €4,355 | €4,355 | €4,355 | €4,355 | = |
| Distributable reserves133 | €49,067 | €49,067 | €49,067 | - | - | - |
| Profit (loss) carried forward14 | -€29,803 | -€34,352 | -€88,223 | -€48,759 | -€53,918 | ▼ 10.6% |
| Amounts payable17/49 | €32,050 | €68,753 | €51,266 | €24,170 | €10,232 | ▼ 57.7% |
| Amounts payable within one year42/48 | €32,050 | €68,753 | €51,266 | €24,170 | €10,232 | ▼ 57.7% |
| Current portion of amounts payable after more than one year42 | €18,003 | - | - | - | - | - |
| Trade debts44 | €5,086 | €28,945 | - | €384 | - | - |
| Suppliers440/4 | €5,086 | €28,945 | - | €384 | - | - |
| Taxes, remuneration and social security45 | €6,840 | €39,808 | €43,874 | €7,690 | - | - |
| Taxes450/3 | €4,970 | €17,519 | €5,488 | €6,063 | - | - |
| Remuneration and social security454/9 | €1,871 | €22,289 | €38,386 | €1,627 | - | - |
| Other amounts payable47/48 | €2,121 | - | €7,392 | €16,096 | €10,232 | ▼ 36.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€29,803 | -€4,549 | -€53,871 | -€9,604 | -€5,159 | ▲ 46.3% |
| + Depreciation and write-downs630 | €21,567 | €19,744 | €2,178 | €1,002 | €802 | ▼ 20.0% |
| Operating cash flow (approximation) | -€8,236 | €15,195 | -€51,693 | -€8,602 | -€4,357 | ▲ 49.3% |
| Investment in fixed assets (approximation) | - | €0 | €6,480 | €0 | €0 | - |
| Change in cash | - | -€4,182 | -€1,817 | -€4,454 | -€7,979 | ▼ 79.2% |
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
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 15 days late
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet -€53,871
Net result drops to -€53,871, the lowest in the series; recovery starts the following year.
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 37 days late
2022
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 150 days late
2021
25-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 25 days late
2020
30-09
Financial
Highest result since 2019net €42,136 ▲57.9%
Operating result €47,641, net result €42,136, both a record.
06-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 6 days late
2019
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
10-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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
No directors read yet: 0 of 5 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Pelt · 1 establishment unit since 2004
Ground area
9,204 m²
Building footprint
3,434 m²
Volume, LiDAR
7,288 m³
2 parcels, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
24
companies at this address
See who is registered here
1 establishment unit
A & S Express
since 20042.144.058.702
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72502E0102/00P133 | Flanders | 6,600 m² | 1 · 2,126 m² | - |
| 72020C1399/00F008 | Flanders | 2,605 m² | 1 · 1,308 m² | 7.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded18-11-2004
Fiscal year end30-09
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 1 October 2026 · Peppol Directory
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