BARF EXPRESS
ActiveSummary
BARF EXPRESS has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €208,493 and a net result of €41,725. Equity is growing by ~41.3% per year across the filed fiscal years. Its solvency ranks better than 87% of 26040 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability89▼-8
Solvency100▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity ample (current ratio 4.62 against 3.52 in 2023; short-term debt: 20.5% and cash: 85.1% of total assets), and 20.5% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
37 d early
2022
37 d early
2021
39 d early
2020
9 d late
2019
11 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 22 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€208,493▲ 25.0%
2023 · €166,769
Total assets
€262,410▲ 16.8%
2023 · €224,653
Net result
€41,725▼ 18.9%
2023 · €51,438
Working capital
€195,301▲ 33.7%
2023 · €146,100
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€47,528▲ 840%€59,691▲ 25.6%€40,323▼ 32.4%€82,878▲ 106%€63,739▼ 23.1%
Net result€27,546within the sector's middle half€35,695within the sector's middle half▲ 29.6%€23,462within the sector's middle half▼ 34.3%€51,438above the sector's middle half▲ 119%€41,725above the sector's middle half▼ 18.9%
Equity€56,173below the sector's middle half▲ 96.2%€91,868below the sector's middle half▲ 63.5%€115,330within the sector's middle half▲ 25.5%€166,769above the sector's middle half▲ 44.6%€208,493above the sector's middle half▲ 25.0%
Total assets€74,004below the sector's middle half▲ 57.8%€141,713below the sector's middle half▲ 91.5%€159,928below the sector's middle half▲ 12.9%€224,653within the sector's middle half▲ 40.5%€262,410within the sector's middle half▲ 16.8%
Debt€17,830▼ 2.5%€49,845▲ 180%€44,598▼ 10.5%€57,884▲ 29.8%€53,917▼ 6.9%
Working capital€56,173▲ 96.2%€90,039▲ 60.3%€114,241▲ 26.9%€146,100▲ 27.9%€195,301▲ 33.7%
Solvency75.9%above the sector's middle half▲ 14.9pp64.8%above the sector's middle half▼ 11.1pp72.1%above the sector's middle half▲ 7.3pp74.2%above the sector's middle half▲ 2.1pp79.5%above the sector's middle half▲ 5.2pp
Staff (FTE)0below the sector's middle half▼ 100%1.1
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
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 falls in 2024; 2024 is 23% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €262,410
Fixed assets
€13,192 ▼ 36.2%
Current assets
€249,218 ▲ 22.2%
Equity and liabilities €262,410
Equity
€208,493 ▲ 25.0%
Debt
€53,917 ▼ 6.9%
Debt's share of the balance-sheet total falls from 25.8% to 20.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€71,215▼
2023 · €85,876
Cash flow
€49,201▼
2023 · €54,436
Current ratio
4.62▲
2023 · 3.52
Quick ratio
4.39▲
2023 · 3.24
Debt to equity
0.26▼
2023 · 0.35
ROE
20.0%▼
2023 · 30.8%
ROA
15.9%▼
2023 · 22.9%
Interest coverage
24.29▲
2023 · 12.02
Debt ≤ 1 year
€53,917▼
2023 · €57,884
Income taxes
€20,038▼
2023 · €24,497
Staff costs
€35,006▲
2023 · €3,154
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 34,672 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €61 | €55 | €0 | - | - |
| Remuneration, social security and pensions62 | - | €2,527 | €3,984 | €3,154 | €35,006 | ▲ 1,010% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | €391 | €740 | €2,997 | €7,476 | ▲ 149% |
| Other operating charges640/8 | - | €1,701 | €996 | €1,131 | €1,252 | ▲ 10.7% |
| Non-recurring operating charges66A | - | €16 | €0 | - | - | - |
| Gross operating margin9900 | €51,729 | €64,325 | €46,043 | €90,160 | €107,473 | ▲ 19.2% |
| Operating profit (loss)9901 | €47,528 | €59,691 | €40,323 | €82,878 | €63,739 | ▼ 23.1% |
| Financial income75/76B | - | €165 | €107 | €203 | €955 | ▲ 370% |
| Recurring financial income75 | €56 | €165 | €107 | €203 | €955 | ▲ 370% |
| Financial charges65/66B | - | €6,467 | €4,868 | €7,146 | €2,932 | ▼ 59.0% |
| Recurring financial charges65 | €6,101 | €6,467 | €4,868 | €7,146 | €2,932 | ▼ 59.0% |
| Profit (loss) for the period before taxes9903 | €41,483 | €53,389 | €35,562 | €75,936 | €61,762 | ▼ 18.7% |
| Income taxes67/77 | €13,937 | €17,694 | €12,100 | €24,497 | €20,038 | ▼ 18.2% |
| Profit (loss) for the period9904 | €27,546 | €35,695 | €23,462 | €51,438 | €41,725 | ▼ 18.9% |
| Profit (loss) for the period to be appropriated9905 | €27,546 | €35,695 | €23,462 | €51,438 | €41,725 | ▼ 18.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €74,004 | €141,713 | €159,928 | €224,653 | €262,410 | ▲ 16.8% |
| Fixed assets21/28 | - | €1,829 | €1,089 | €20,668 | €13,192 | ▼ 36.2% |
| Tangible fixed assets22/27 | - | €1,829 | €1,089 | €20,668 | €13,192 | ▼ 36.2% |
| Plant, machinery and equipment23 | - | - | - | €2,859 | €2,240 | ▼ 21.6% |
| Furniture and vehicles24 | - | €1,829 | €1,089 | €17,810 | €10,953 | ▼ 38.5% |
| Current assets29/58 | €74,004 | €139,885 | €158,839 | €203,984 | €249,218 | ▲ 22.2% |
| Stocks and contracts in progress3 | €15,239 | €10,599 | €12,836 | €16,427 | €12,686 | ▼ 22.8% |
| Stocks30/36 | - | €10,599 | €12,836 | €16,427 | €12,686 | ▼ 22.8% |
| Amounts receivable within one year40/41 | €0 | - | €334 | €2,825 | €12,844 | ▲ 355% |
| Trade receivables40 | - | - | €135 | €623 | €12,279 | ▲ 1,871% |
| Other amounts receivable41 | - | - | €199 | €2,202 | €565 | ▼ 74.3% |
| Cash at bank and in hand54/58 | €58,764 | €128,927 | €145,316 | €184,470 | €223,389 | ▲ 21.1% |
| Deferred charges and accrued income490/1 | - | €359 | €353 | €262 | €300 | ▲ 14.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €74,004 | €141,713 | €159,928 | €224,653 | €262,410 | ▲ 16.8% |
| Equity10/15 | €56,173 | €91,868 | €115,330 | €166,769 | €208,493 | ▲ 25.0% |
| Contributions10/11 | - | €20,460 | €20,460 | €20,460 | €20,460 | = |
| Reserves13 | €38,550 | €72,385 | €95,847 | €147,285 | €188,033 | ▲ 27.7% |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | €72,385 | €95,847 | €147,285 | €188,033 | ▲ 27.7% |
| Profit (loss) carried forward14 | -€977 | -€977 | -€977 | -€977 | €0 | ▲ 100% |
| Amounts payable17/49 | €17,830 | €49,845 | €44,598 | €57,884 | €53,917 | ▼ 6.9% |
| Amounts payable within one year42/48 | €17,830 | €49,845 | €44,598 | €57,884 | €53,917 | ▼ 6.9% |
| Current portion of amounts payable after more than one year42 | - | €0 | - | - | - | - |
| Trade debts44 | €3,730 | €36,363 | €42,497 | €48,445 | €46,307 | ▼ 4.4% |
| Suppliers440/4 | - | €36,363 | €42,497 | €48,445 | €46,307 | ▼ 4.4% |
| Advances received on contracts in progress46 | - | €4,626 | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | €8,856 | €2,100 | €9,440 | €7,282 | ▼ 22.9% |
| Taxes450/3 | - | €8,856 | €2,100 | €9,440 | €4,842 | ▼ 48.7% |
| Remuneration and social security454/9 | - | - | - | - | €2,441 | - |
| Other amounts payable47/48 | - | - | - | - | €328 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,546 | €35,695 | €23,462 | €51,438 | €41,725 | ▼ 18.9% |
| + Depreciation and write-downs630 | €0 | €391 | €740 | €2,997 | €7,476 | ▲ 149% |
| Operating cash flow (approximation) | €27,546 | €36,086 | €24,202 | €54,436 | €49,201 | ▼ 9.6% |
| Investment in fixed assets (approximation) | - | - | €0 | -€22,577 | €0 | ▲ 100% |
| Change in cash | - | €70,162 | €16,389 | €39,154 | €38,919 | ▼ 0.6% |
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
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200,000Eq €208,493 ▲25%
5 profitable years in a row build equity to €208,493.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €51,438 ▲119%
Operating result €82,878, net result €51,438, both a record.
31-12
Financial
Equity above €150,000Eq €166,769 ▲44.6%
4 profitable years in a row build equity to €166,769.
24-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €100,000Eq €115,330 ▲25.5%
3 profitable years in a row build equity to €115,330.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 9 days late
2020
31-12
Financial
Back to profitnet €27,546
Net result €27,546 after one loss-making year.
11-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 11 days late
2019
31-12
Financial
Weakest financial yearnet -€977
Net result drops to -€977, the lowest in the series; recovery starts the following year.
Show earlier events
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
20-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Waasmunster · 1 establishment unit since 2013
Ground area
2,339 m²
Building footprint
471 m²
Volume, LiDAR
555 m³
Parcel 42023A1595/00K000, Flanders · tallest building 4.8 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Angie's Barf Express // Barf-webshop // Barf België
since 20132.218.365.749
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42023A1595/00K000 | Flanders | 2,339 m² | 1 · 471 m² | 4.8 m |
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.
Structure & network
Owners and holdings
1 ownerOwners 1
-
50%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 222 EUR awarded · 222 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 222 EUR |
| 2022 | 1 | 222 EUR | 0 EUR |
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HOVAERE NICO
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Of 2,474 companies in sector 47279 we hold annual accounts for 949. 673 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
Founded31-01-2013
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
47279Other retail sale of food
E-invoicing
Reachable via Peppol
Peppol ID
0208:0502930350
Also
9925:BE0502930350
Registered
19-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.