BEN EXPRESS
ActiveSummary
BEN EXPRESS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €37,697 and a net result of €2,742. Equity is growing by ~23.1% per year across the filed fiscal years. Its solvency ranks better than 42% of 18606 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+2
Solvency50▲+4
Growth51=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity short (current ratio 0.96 against 0.91 in 2024; short-term debt: 75.3% and cash: 9% of total assets), and 75.3% of the assets are financed with debt.
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Signals
Four 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
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
24.7%
Return on assets
1.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-09-2026, 48 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
48 d late
2024
20 d early
2023
53 d late
2022
32 d late
2021
58 d late
2020
32 d early
2019
59 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 28 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€146,010▼ 20.4%
2023 · €183,434
EBIT margin
4.1%▼ 3.6pp
2023 · 7.7%
Net result
€2,742▼ 26.4%
2024 · €3,724
Working capital
-€4,273▲ 64.6%
2024 · -€12,072
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
Line20212022202320242025
Turnover€139,598▲ 36.2%€181,479▲ 30.0%€183,434▲ 1.1%€146,010▼ 20.4%
Operating result-€10,750€9,681€14,150▲ 46.2%€5,954▼ 57.9%€6,783▲ 13.9%
Net result-€11,020below the sector's middle half€8,249within the sector's middle half€12,321within the sector's middle half▲ 49.4%€3,724within the sector's middle half▼ 69.8%€2,742within the sector's middle half▼ 26.4%
EBIT margin-7.7%▼ 8.2pp5.3%▲ 13.0pp7.7%▲ 2.4pp4.1%▼ 3.6pp
Equity€10,661within the sector's middle half▼ 50.8%€18,910within the sector's middle half▲ 77.4%€31,231within the sector's middle half▲ 65.2%€34,955within the sector's middle half▲ 11.9%€37,697within the sector's middle half▲ 7.8%
Total assets€123,431within the sector's middle half▲ 41.5%€170,004within the sector's middle half▲ 37.7%€193,087within the sector's middle half▲ 13.6%€168,124within the sector's middle half▼ 12.9%€152,716within the sector's middle half▼ 9.2%
Debt€112,770▲ 72.0%€151,093▲ 34.0%€161,856▲ 7.1%€133,169▼ 17.7%€115,020▼ 13.6%
Working capital-€12,439below the sector's middle half-€26,317below the sector's middle half▼ 112%-€17,338below the sector's middle half▲ 34.1%-€12,072below the sector's middle half▲ 30.4%-€4,273within the sector's middle half▲ 64.6%
Solvency8.6%within the sector's middle half▼ 16.2pp11.1%within the sector's middle half▲ 2.5pp16.2%within the sector's middle half▲ 5.1pp20.8%within the sector's middle half▲ 4.6pp24.7%within the sector's middle half▲ 3.9pp
Current ratio0.89within the sector's middle half▼ 3.400.79below the sector's middle half▼ 0.100.88within the sector's middle half▲ 0.090.91within the sector's middle half▲ 0.020.96within the sector's middle half▲ 0.06
Return on assets (ROA)-8.9%below the sector's middle half▼ 9.0pp4.9%within the sector's middle half▲ 13.8pp6.4%within the sector's middle half▲ 1.5pp2.2%within the sector's middle half▼ 4.2pp1.8%within the sector's middle half▼ 0.4pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 14% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €152,716
Fixed assets
€41,970 ▼ 20.0%
Current assets
€110,747 ▼ 4.3%
Equity and liabilities €152,716
Equity
€37,697 ▲ 7.8%
Debt
€115,020 ▼ 13.6%
Debt's share of the balance-sheet total falls from 79.2% to 75.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€17,252▲
2024 · €16,423
Cash flow
€13,211▼
2024 · €14,192
Quick ratio
0.38▼
2024 · 0.45
Debt to equity
3.05▼
2024 · 3.81
ROE
7.3%▼
2024 · 10.7%
Interest coverage
76.26▲
2024 · 64.02
Debt ≤ 1 year
€115,020▼
2024 · €127,757
Income taxes
€3,815▲
2024 · €1,974
Staff costs
€14,002▲
2024 · €5,626
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,504 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
1.6%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,662 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 4,504 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 | €139,598 | €181,479 | €183,434 | €146,010 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €135,706 | €154,088 | €139,045 | €118,254 | - | - |
| Remuneration, social security and pensions62 | €4,868 | €6,591 | €7,522 | €5,626 | €14,002 | ▲ 149% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €4,186 | €10,469 | €10,469 | €10,469 | = |
| Other operating charges640/8 | €9,774 | €6,934 | €5,248 | €5,707 | €5,861 | ▲ 2.7% |
| Gross operating margin9900 | €3,892 | €27,391 | €37,389 | €27,755 | €37,116 | ▲ 33.7% |
| Operating profit (loss)9901 | -€10,750 | €9,681 | €14,150 | €5,954 | €6,783 | ▲ 13.9% |
| Financial income75/76B | €386 | - | - | - | €0 | - |
| Recurring financial income75 | €386 | - | - | - | €0 | - |
| Financial charges65/66B | €656 | €1,120 | €1,270 | €257 | €226 | ▼ 11.8% |
| Recurring financial charges65 | €656 | €1,120 | €1,270 | €257 | €226 | ▼ 11.8% |
| Profit (loss) for the period before taxes9903 | -€11,020 | €8,560 | €12,880 | €5,697 | €6,557 | ▲ 15.1% |
| Income taxes67/77 | - | €311 | €559 | €1,974 | €3,815 | ▲ 93.3% |
| Profit (loss) for the period9904 | -€11,020 | €8,249 | €12,321 | €3,724 | €2,742 | ▼ 26.4% |
| Profit (loss) for the period to be appropriated9905 | -€11,020 | €8,249 | €12,321 | €3,724 | €2,742 | ▼ 26.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €123,431 | €170,004 | €193,087 | €168,124 | €152,716 | ▼ 9.2% |
| Fixed assets21/28 | €23,100 | €69,141 | €62,907 | €52,438 | €41,970 | ▼ 20.0% |
| Tangible fixed assets22/27 | €0 | €46,041 | €39,807 | €29,338 | €18,870 | ▼ 35.7% |
| Plant, machinery and equipment23 | - | - | €3,812 | €3,388 | €2,965 | ▼ 12.5% |
| Furniture and vehicles24 | - | - | - | - | €15,905 | - |
| Leasing and similar rights25 | - | €46,041 | €35,996 | €25,950 | - | - |
| Financial fixed assets28 | €23,100 | €23,100 | €23,100 | €23,100 | €23,100 | = |
| Current assets29/58 | €100,331 | €100,863 | €130,180 | €115,685 | €110,747 | ▼ 4.3% |
| Stocks and contracts in progress3 | €52,111 | €43,160 | €49,701 | €58,088 | €66,619 | ▲ 14.7% |
| Stocks30/36 | €52,111 | €43,160 | €49,701 | €58,088 | €66,619 | ▲ 14.7% |
| Amounts receivable within one year40/41 | €4,258 | €3,500 | - | - | €9 | - |
| Trade receivables40 | €4,258 | - | - | - | €4 | - |
| Other amounts receivable41 | - | €3,500 | - | - | €5 | - |
| Cash at bank and in hand54/58 | €13,552 | €23,792 | €50,069 | €27,187 | €13,708 | ▼ 49.6% |
| Deferred charges and accrued income490/1 | €30,411 | €30,411 | €30,411 | €30,411 | €30,411 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €123,431 | €170,004 | €193,087 | €168,124 | €152,716 | ▼ 9.2% |
| Equity10/15 | €10,661 | €18,910 | €31,231 | €34,955 | €37,697 | ▲ 7.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€7,939 | €310 | €12,631 | €16,355 | €19,097 | ▲ 16.8% |
| Amounts payable17/49 | €112,770 | €151,093 | €161,856 | €133,169 | €115,020 | ▼ 13.6% |
| Amounts payable after more than one year17 | - | €23,913 | €14,338 | €5,412 | - | - |
| Financial debts170/4 | - | €23,913 | €14,338 | €5,412 | - | - |
| Amounts payable within one year42/48 | €112,770 | €127,180 | €147,518 | €127,757 | €115,020 | ▼ 10.0% |
| Current portion of amounts payable after more than one year42 | - | €6,558 | €8,927 | €10,202 | €7,962 | ▼ 22.0% |
| Trade debts44 | €26,751 | - | €5,399 | €12,924 | €11,926 | ▼ 7.7% |
| Suppliers440/4 | €26,751 | - | €5,399 | €12,924 | €11,926 | ▼ 7.7% |
| Taxes, remuneration and social security45 | €13,485 | €10,283 | €12,519 | €15,005 | €20,675 | ▲ 37.8% |
| Taxes450/3 | €10,417 | €10,283 | €11,933 | €15,005 | €20,089 | ▲ 33.9% |
| Remuneration and social security454/9 | €3,068 | - | €586 | - | €586 | - |
| Other amounts payable47/48 | €72,535 | €110,340 | €120,674 | €89,626 | €74,456 | ▼ 16.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,020 | €8,249 | €12,321 | €3,724 | €2,742 | ▼ 26.4% |
| + Depreciation and write-downs630 | - | €4,186 | €10,469 | €10,469 | €10,469 | = |
| Operating cash flow (approximation) | -€11,020 | €12,434 | €22,790 | €14,192 | €13,211 | ▼ 6.9% |
| Investment in fixed assets (approximation) | - | -€50,226 | -€4,235 | €0 | €0 | - |
| Change in cash | - | €10,240 | €26,277 | -€22,883 | -€13,478 | ▲ 41.1% |
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
17-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 48 days late
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 53 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Back to profitnet €8,249
Net result €8,249 after one loss-making year.
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 58 days late
2021
31-12
Financial
Weakest financial yearnet -€11,020
Net result drops to -€11,020, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 4.29
Current ratio from 1.25 to 4.29; short-term debt falls from €54,225 to €18,466.
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 59 days late
2019
31-12
Financial
Highest result since 2018net €36,035 ▲260%
Operating result €38,678, net result €36,035, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Antwerpen · 1 establishment unit since 2011
Ground area
293 m²
Building footprint
223 m²
Volume, LiDAR
1,062 m³
Parcel 11809I2439/00A005, Flanders · tallest building 12.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Happy World
since 20112.197.971.894
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11809I2439/00A005 | Flanders | 293 m² | 1 · 223 m² | 12.0 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 462 companies in sector 47783 we hold annual accounts for 215. 159 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
Founded24-03-2010
Fiscal year end31-12
Activities, NACEBEL 2025
47713Retail trade
47783Retail trade
47750Retail sale of cosmetics and toilet articles
47770Retail sale of watches and jewellery
E-invoicing
Reachable via Peppol
Peppol ID
0208:0824265220
Also
9925:BE0824265220
Registered
02-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.