BATEXPRESS
ActiveSummary
The computed 12-month bankruptcy probability of BATEXPRESS is 2.5% (moderate). The 2025 annual accounts show equity of €79,744 and a net result of €1,956. Equity is growing by ~45.9% per year across the filed fiscal years. Its solvency ranks better than 84% of 7967 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-29
Solvency100▲+4
Growth68▼-17
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity tight (current ratio 1.37 against 1.51 in 2024; short-term debt: 24.3% and cash: 5.6% of total assets), and 24.3% of the assets are financed with debt.
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Signals
Six 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
75.7%
Return on assets
1.9%
Age of the figures
9 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 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 · 10 filingsDeviation from the deadline
2025
5 d late
2024
on the day
2023
5 d early
2022
38 d late
2021
33 d late
2020
35 d late
2019
25 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 19 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 5 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€348,536▲ 18.6%
2023 · €293,905
EBIT margin
19.3%▲ 12.2pp
2023 · 7.1%
Net result
€1,956▼ 96.1%
2024 · €50,151
Working capital
€9,366▼ 42.0%
2024 · €16,144
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 43, Specialised construction 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€203,844▲ 3.7%€236,535▲ 16.0%€293,905▲ 24.3%€348,536▲ 18.6%
Operating result-€998▲ 90.2%€130€20,866▲ 15,941%€67,370▲ 223%€3,544▼ 94.7%
Net result€2,569below the sector's middle half▼ 45.6%-€38below the sector's middle half€14,343within the sector's middle half€50,151within the sector's middle half▲ 250%€1,956within the sector's middle half▼ 96.1%
EBIT margin-0.5%▲ 4.7pp0.1%▲ 0.5pp7.1%▲ 7.0pp19.3%▲ 12.2pp
Equity€13,331below the sector's middle half▲ 23.9%€13,294below the sector's middle half▼ 0.3%€27,637below the sector's middle half▲ 108%€77,788below the sector's middle half▲ 181%€79,744within the sector's middle half▲ 2.5%
Total assets€51,665below the sector's middle half▲ 55.5%€51,073below the sector's middle half▼ 1.1%€52,639below the sector's middle half▲ 3.1%€109,327below the sector's middle half▲ 108%€105,322below the sector's middle half▼ 3.7%
Debt€38,334▲ 70.7%€37,779▼ 1.4%€25,002▼ 33.8%€31,539▲ 26.1%€25,578▼ 18.9%
Working capital-€3,624below the sector's middle half▲ 71.4%-€4,907below the sector's middle half▼ 35.4%€1,025below the sector's middle half€16,144below the sector's middle half▲ 1,476%€9,366below the sector's middle half▼ 42.0%
Solvency25.8%within the sector's middle half▼ 6.6pp26.0%within the sector's middle half▲ 0.2pp52.5%within the sector's middle half▲ 26.5pp71.2%above the sector's middle half▲ 18.6pp75.7%above the sector's middle half▲ 4.6pp
Current ratio0.91below the sector's middle half▲ 0.470.87below the sector's middle half▼ 0.041.04below the sector's middle half▲ 0.171.51within the sector's middle half▲ 0.471.37within the sector's middle half▼ 0.15
Return on assets (ROA)5.0%within the sector's middle half▼ 9.2pp-0.1%below the sector's middle half▼ 5.0pp27.2%above the sector's middle half▲ 27.3pp45.9%above the sector's middle half▲ 18.6pp1.9%within the sector's middle half▼ 44.0pp
Staff (FTE)1below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 95% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €105,322
Fixed assets
€70,377 ▲ 14.2%
Current assets
€34,945 ▼ 26.7%
Equity and liabilities €105,322
Equity
€79,744 ▲ 2.5%
Debt
€25,578 ▼ 18.9%
Debt's share of the balance-sheet total falls from 28.8% to 24.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€19,870▼
2024 · €82,164
Cash flow
€18,282▼
2024 · €64,945
Debt to equity
0.32▼
2024 · 0.41
ROE
2.5%▼
2024 · 64.5%
Interest coverage
28.87▼
2024 · 163.74
Debt ≤ 1 year
€25,578▼
2024 · €31,539
Income taxes
€1,000▼
2024 · €16,717
Staff costs
€47,323▲
2024 · €12,829
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.7%
went bankrupt
4.0%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 2.5% 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 10,905 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 | €203,844 | €236,535 | €293,905 | €348,536 | - | - |
| Non-recurring operating income76A | €1,400 | - | €4,017 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €178,202 | €207,411 | €258,042 | €253,121 | - | - |
| Remuneration, social security and pensions62 | €20,198 | €11,854 | €13,218 | €12,829 | €47,323 | ▲ 269% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,638 | €5,167 | €5,288 | €14,794 | €16,326 | ▲ 10.4% |
| Other operating charges640/8 | €204 | €213 | €508 | €421 | €384 | ▼ 8.9% |
| Non-recurring operating charges66A | - | €11,760 | - | - | - | - |
| Gross operating margin9900 | €27,042 | €29,124 | €39,880 | €95,415 | €67,577 | ▼ 29.2% |
| Operating profit (loss)9901 | -€998 | €130 | €20,866 | €67,370 | €3,544 | ▼ 94.7% |
| Financial income75/76B | €3,750 | - | - | - | €100 | - |
| Recurring financial income75 | €3,750 | - | - | - | €100 | - |
| Non-recurring financial income76B | €3,750 | - | - | - | - | - |
| Financial charges65/66B | €183 | €168 | €193 | €502 | €688 | ▲ 37.1% |
| Recurring financial charges65 | €183 | €168 | €193 | €502 | €688 | ▲ 37.1% |
| Profit (loss) for the period before taxes9903 | €2,569 | -€38 | €20,673 | €66,868 | €2,956 | ▼ 95.6% |
| Income taxes67/77 | - | - | €6,329 | €16,717 | €1,000 | ▼ 94.0% |
| Profit (loss) for the period9904 | €2,569 | -€38 | €14,343 | €50,151 | €1,956 | ▼ 96.1% |
| Profit (loss) for the period to be appropriated9905 | €2,569 | -€38 | €14,343 | €50,151 | €1,956 | ▼ 96.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €51,665 | €51,073 | €52,639 | €109,327 | €105,322 | ▼ 3.7% |
| Fixed assets21/28 | €16,956 | €18,200 | €26,612 | €61,644 | €70,377 | ▲ 14.2% |
| Tangible fixed assets22/27 | €16,781 | €18,025 | €26,437 | €61,469 | €52,052 | ▼ 15.3% |
| Plant, machinery and equipment23 | €501 | €2,754 | €1,583 | €412 | €5,166 | ▲ 1,153% |
| Furniture and vehicles24 | €929 | €542 | €2,240 | €41,863 | €31,113 | ▼ 25.7% |
| Other tangible fixed assets26 | €15,350 | €14,729 | €22,614 | €19,193 | €15,773 | ▼ 17.8% |
| Financial fixed assets28 | €175 | €175 | €175 | €175 | €18,325 | ▲ 10,371% |
| Current assets29/58 | €34,710 | €32,872 | €26,027 | €47,683 | €34,945 | ▼ 26.7% |
| Amounts receivable within one year40/41 | €9,205 | €25,693 | €23,169 | €45,463 | €28,795 | ▼ 36.7% |
| Trade receivables40 | €9,205 | €21,829 | €17,027 | €45,463 | €25,437 | ▼ 44.0% |
| Other amounts receivable41 | - | €3,863 | €6,142 | - | €3,358 | - |
| Cash at bank and in hand54/58 | €4,805 | €7,167 | €1,149 | €230 | €5,950 | ▲ 2,487% |
| Deferred charges and accrued income490/1 | €20,700 | €13 | €1,709 | €1,990 | €200 | ▼ 90.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €51,665 | €51,073 | €52,639 | €109,327 | €105,322 | ▼ 3.7% |
| Equity10/15 | €13,331 | €13,294 | €27,637 | €77,788 | €79,744 | ▲ 2.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | €18,600 | - | - | - |
| Issued capital100 | €18,600 | €18,600 | €18,600 | - | - | - |
| Reserves13 | €182 | €182 | €1,026 | €5,526 | €5,526 | = |
| Non-distributable reserves130/1 | €182 | €182 | €1,026 | €5,526 | €5,526 | = |
| Legal reserve130 | €182 | €182 | €1,026 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €5,526 | €5,526 | = |
| Profit (loss) carried forward14 | -€5,451 | -€5,489 | €8,011 | €53,662 | €55,618 | ▲ 3.6% |
| Amounts payable17/49 | €38,334 | €37,779 | €25,002 | €31,539 | €25,578 | ▼ 18.9% |
| Amounts payable within one year42/48 | €38,334 | €37,779 | €25,002 | €31,539 | €25,578 | ▼ 18.9% |
| Financial debts43 | - | - | - | €2,168 | - | - |
| Credit institutions430/8 | - | - | - | €2,168 | - | - |
| Trade debts44 | €7,312 | €2,435 | €12,461 | €275 | €9,419 | ▲ 3,329% |
| Suppliers440/4 | €7,312 | €2,435 | €12,461 | €275 | €9,419 | ▲ 3,329% |
| Advances received on contracts in progress46 | €24,626 | €34,516 | - | - | - | - |
| Taxes, remuneration and social security45 | €6,373 | €805 | €12,541 | €27,036 | €12,905 | ▼ 52.3% |
| Taxes450/3 | €4,099 | €805 | €12,541 | €23,678 | €1,000 | ▼ 95.8% |
| Remuneration and social security454/9 | €2,274 | - | - | €3,358 | €11,905 | ▲ 255% |
| Other amounts payable47/48 | €23 | €23 | - | €2,060 | €3,255 | ▲ 58.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,569 | -€38 | €14,343 | €50,151 | €1,956 | ▼ 96.1% |
| + Depreciation and write-downs630 | €7,638 | €5,167 | €5,288 | €14,794 | €16,326 | ▲ 10.4% |
| Operating cash flow (approximation) | €10,207 | €5,130 | €19,632 | €64,945 | €18,282 | ▼ 71.9% |
| Investment in fixed assets (approximation) | - | -€6,412 | -€13,701 | -€49,825 | -€25,060 | ▲ 49.7% |
| Change in cash | - | €2,362 | -€6,019 | -€919 | €5,720 | ▲ 723% |
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
05-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 5 days late
08-05
State Gazette act
Resignation: Alexei Grichine (director)Appointment: Mikhail Grichine (director)4 facts ▸
State Gazette act
Resignation: Alexei Grichine (director)
Appointment: Mikhail Grichine (director)4 facts ▸
- General meeting, 01-04-2026
- Director resignation, Alexei Grichine (director)
- Other statement, alle bedrijfsdocumenten,afdrukken,details,boekhouding,registers,stuks,afschriften, receipt of company documents
- Director appointment, Mikhail Grichine (director)
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €50,151 ▲250%
Operating result €67,370, net result €50,151, both a record.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €14,343
Net result €14,343 after one loss-making year.
07-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 38 days late
2022
02-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 33 days late
2021
04-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 35 days late
2020
31-12
Financial
Back to profitnet €4,724
Net result €4,724 after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 25 days late
2019
31-12
Financial
Weakest financial yearnet -€2,176
Net result drops to -€2,176, the lowest in the series; recovery starts the following year.
Show earlier events
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Mikhail Grichine
CurrentDirector · since 01-04-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
7 of this company's 8 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Sint-Agatha-Berchem · 3 establishment units since 2012
Ground area
1,493 m²
Building footprint
1,201 m²
Volume, LiDAR
7,259 m³
3 parcels, Brussels, Flanders · tallest building 12.3 m, ±2 floors. Linked by address, not a title deed.
295
companies at this address
See who is registered here
3 establishment units
BATEXPRESS
since 20122.219.975.256
BATEXPRESS
since 20232.344.801.586
Office Hof
since 20262.393.835.383
3 parcels
Flanders
2
(66.7%)
Brussels
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23322L0494/00A000 | Flanders | 834 m² | 1 · 741 m² | 12.2 m · 2 fl. |
| 23322E0103/00N000 | Flanders | 369 m² | 1 · 167 m² | 10.1 m · 1 fl. |
| 21342B0043/00F003 | Brussels | 290 m² | 1 · 293 m² | 10.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Mikhail Grichine |
|
| Alexei Grichine |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
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Of 15,518 companies in this sector we hold annual accounts for 7,427. 6,243 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded06-06-2012
Fiscal year end31-12
Activities, NACEBEL 2025
43910Bricklaying and masonry work
43990Other specialised construction activities
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43310Plastering work
43341Painting of buildings
46190Agents in non-specialised wholesale trade
68321Property management for co-owned buildings (syndics)
82100Office administrative and support services
82300Organisation of conventions and trade shows
E-invoicing
Reachable via Peppol
Peppol ID
0208:0846402796
Registered
13-10-2025
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.