BEL EXPRESS
ActiveSummary
The computed 12-month bankruptcy probability of BEL EXPRESS is 15.2% (high). The 2024 annual accounts show negative equity (-€21,421) and a net result of €4,352. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 5897 sector peers (fiscal year 2024). The company has been active since 2012 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
Checked score
Score 2024
Axes · tick = 2023
Profitability62▲+62
Solvency0=
Growth55▲+23
Track record84
Bankruptcy probability, 12 months
15.2%
High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.71 against 0.58 in 2023; short-term debt: 137.2% and cash: 11.3% of total assets), and equity is negative.
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Signals
Nine 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 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% 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 2024Solvency, return and age of the figures
Solvency
-37.2%
Return on assets
7.6%
Age of the figures
21 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 5897 sector peers (2024).
NBB · sector comparisonPosition among 5897 sector peers
Solvency
better than 7%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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
not confirmed
2024
60 d late
2023
138 d late
2021
134 d late
2020
19 d early
2019
26 d late
2018
29 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 61 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
UBO non-compliance×2
History
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Financials · fiscal year 2024, micro schema
Turnover
€320,158▲ 284%
2020 · €83,357
EBIT margin
1.4%▼ 13.5pp
2020 · 14.9%
Net result
€4,352
2023 · -€16,450
Working capital
-€22,576▲ 26.2%
2023 · -€30,577
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, 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
Line20192020202120232024
Turnover€83,357€320,158
Operating result€12,387-€5,214-€14,891-€4,482
Net result€9,680within the sector's middle half-€5,703below the sector's middle half-€16,450below the sector's middle half-€4,352within the sector's middle half
EBIT margin14.9%1.4%
Equity-€7,186=-€506below the sector's middle half▲ 93.0%-€6,209below the sector's middle half▼ 1,127%-€25,772below the sector's middle half--€21,421below the sector's middle half▲ 16.9%
Total assets€622=€18,709below the sector's middle half▲ 2,909%€59,215below the sector's middle half▲ 217%€47,887below the sector's middle half-€57,549within the sector's middle half▲ 20.2%
Debt€7,808=€19,215▲ 146%€65,425▲ 240%€73,660-€78,970▲ 7.2%
Working capital-€7,186=-€1,856▲ 74.2%-€17,258▼ 830%-€30,577--€22,576▲ 26.2%
Solvency-2.7%below the sector's middle half-10.5%below the sector's middle half▼ 7.8pp-53.8%below the sector's middle half--37.2%below the sector's middle half▲ 16.6pp
Staff (FTE)2.6-2.3▼ 11.5%
above
within
below
the middle half (P25 to P75) of NACE 81, Services to buildings and landscape 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 2024: €4,482 after a loss of €14,891 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €57,549
Fixed assets
€1,155 ▼ 76.0%
Current assets
€56,394 ▲ 30.9%
Key figures and ratios
EBITDA
€8,132▲
2023 · -€7,306
Cash flow
€8,002▲
2023 · -€8,865
Current ratio
0.71▲
2023 · 0.58
Debt to equity
-3.69▼
2023 · -2.86
ROA
7.6%▲
2023 · -34.4%
Interest coverage
62.59▲
2023 · -62.66
Debt ≤ 1 year
€78,970▲
2023 · €73,660
Staff costs
€71,741▲
2023 · €67,994
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,640 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
4.9%
stopped otherwise
92%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 15.2% 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 497,662 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% | 1.7% |
| 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 75% 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 3,640 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 | 2019 | 2020 | 2021 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €83,357 | - | - | €320,158 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €145,384 | €228,635 | €237,452 | ▲ 3.9% |
| Remuneration, social security and pensions62 | - | - | €15,887 | €67,994 | €71,741 | ▲ 5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,250 | €4,900 | €7,586 | €3,650 | ▼ 51.9% |
| Other operating charges640/8 | - | - | €250 | €1,811 | €1,669 | ▼ 7.9% |
| Non-recurring operating charges66A | - | - | - | €308 | €1,165 | ▲ 278% |
| Gross operating margin9900 | - | €14,664 | €15,823 | €62,808 | €82,706 | ▲ 31.7% |
| Operating profit (loss)9901 | - | €12,387 | -€5,214 | -€14,891 | €4,482 | ▲ 130% |
| Financial income75/76B | - | - | - | €1 | - | - |
| Recurring financial income75 | - | - | - | €1 | - | - |
| Financial charges65/66B | - | - | €489 | €117 | €130 | ▲ 11.4% |
| Recurring financial charges65 | - | €123 | €107 | €117 | €130 | ▲ 11.4% |
| Non-recurring financial charges66B | - | - | €382 | - | - | - |
| Profit (loss) for the period before taxes9903 | - | €9,680 | -€5,703 | -€15,006 | €4,352 | ▲ 129% |
| Income taxes67/77 | - | - | - | €1,444 | - | - |
| Profit (loss) for the period9904 | - | €9,680 | -€5,703 | -€16,450 | €4,352 | ▲ 126% |
| Profit (loss) for the period to be appropriated9905 | - | €9,680 | -€5,703 | -€16,450 | €4,352 | ▲ 126% |
| Line | 2019 | 2020 | 2021 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €622 | €18,709 | €59,215 | €47,887 | €57,549 | ▲ 20.2% |
| Fixed assets21/28 | - | €1,350 | €11,305 | €4,805 | €1,155 | ▼ 76.0% |
| Tangible fixed assets22/27 | - | €1,250 | €10,950 | €3,650 | - | - |
| Furniture and vehicles24 | - | - | €10,950 | €3,650 | - | - |
| Financial fixed assets28 | - | €100 | €355 | €1,155 | €1,155 | = |
| Current assets29/58 | €622 | €17,359 | €47,910 | €43,082 | €56,394 | ▲ 30.9% |
| Amounts receivable within one year40/41 | €617 | €7,874 | €43,012 | €39,017 | €49,042 | ▲ 25.7% |
| Trade receivables40 | - | - | €40,693 | €28,407 | €34,611 | ▲ 21.8% |
| Other amounts receivable41 | - | - | €2,319 | €10,611 | €14,431 | ▲ 36.0% |
| Cash at bank and in hand54/58 | €4 | €8,837 | €4,899 | €3,248 | €6,481 | ▲ 99.5% |
| Deferred charges and accrued income490/1 | - | - | - | €817 | €871 | ▲ 6.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €622 | €18,709 | €59,215 | €47,887 | €57,549 | ▲ 20.2% |
| Equity10/15 | -€7,186 | -€506 | -€6,209 | -€25,772 | -€21,421 | ▲ 16.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | €18,600 | - | €18,600 | - |
| Issued capital100 | - | - | €18,600 | - | €18,600 | - |
| Profit (loss) carried forward14 | -€25,786 | -€19,106 | -€24,809 | -€44,372 | -€40,021 | ▲ 9.8% |
| Amounts payable17/49 | €7,808 | €19,215 | €65,425 | €73,660 | €78,970 | ▲ 7.2% |
| Amounts payable within one year42/48 | €7,808 | €19,215 | €65,169 | €73,660 | €78,970 | ▲ 7.2% |
| Trade debts44 | - | €8,145 | €60,418 | €50,338 | €54,952 | ▲ 9.2% |
| Suppliers440/4 | - | - | €22,728 | €50,338 | €54,952 | ▲ 9.2% |
| Bills of exchange payable441 | - | - | €37,691 | - | - | - |
| Taxes, remuneration and social security45 | - | - | €1,358 | €21,984 | €23,009 | ▲ 4.7% |
| Taxes450/3 | - | - | - | - | €184 | - |
| Remuneration and social security454/9 | - | - | €1,358 | €21,984 | €22,825 | ▲ 3.8% |
| Other amounts payable47/48 | - | - | €3,392 | €1,338 | €1,009 | ▼ 24.6% |
| Accrued charges and deferred income492/3 | - | - | €256 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | - | €9,680 | -€5,703 | -€16,450 | €4,352 | ▲ 126% |
| + Depreciation and write-downs630 | - | €1,250 | €4,900 | €7,586 | €3,650 | ▼ 51.9% |
| Operating cash flow (approximation) | - | €10,930 | -€803 | -€8,865 | €8,002 | ▲ 190% |
| Investment in fixed assets (approximation) | - | - | -€14,855 | - | €0 | - |
| Change in cash | - | €8,833 | -€3,938 | - | €3,232 | - |
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
03-10
KBO administration
UBO non-compliance
event 22-09-2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
11-04
KBO administration
UBO non-compliance
event 31-03-2025
2024
31-12
Financial
Back to profitnet €4,352
Net result €4,352 after 2 loss-making years.
16-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 138 days late
2023
31-12
Financial
Weakest financial yearnet -€16,450
Net result drops to -€16,450, the lowest in the series; recovery starts the following year.
2022
12-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 134 days late
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
06-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 6 days late
2017
04-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 4 days late
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
20-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Koekelberg · 1 establishment unit since 2012
Ground area
510 m²
Building footprint
202 m²
Volume, LiDAR
2,653 m³
2 parcels, Brussels · tallest building 18.6 m, ±5 floors. Linked by address, not a title deed.
97
companies at this address
See who is registered here
1 establishment unit
Bel Clean
since 20122.214.495.845
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21492B0043/00P002 | Brussels | 426 m² | 1 · 116 m² | 18.2 m · 5 fl. |
| 21492B0159/02B002 | Brussels | 84 m² | 1 · 86 m² | 18.6 m · 5 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 6,996 companies in sector 81220 we hold annual accounts for 2,414. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded19-11-2012
Fiscal year end31-12
Activities, NACEBEL 2025
81210General cleaning of buildings
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID
0208:0500874643
Also
9925:BE0500874643
Registered
31-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.