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BL-Xpress

Active
Private limited companyfounded 20242 yrs activeRue Martin Wynants 4, 4367 Crisnée, BelgiumKBO/BCE: BE 1010.304.686
Summary

The computed 12-month bankruptcy probability of BL-Xpress is 5.8% (elevated). The 2025 annual accounts show equity of €404,977 and a net result of €300,981. Its solvency ranks better than 75% of 493 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
59 / 100
Fair
An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency86▲+28
Growth78
Track record82
Bankruptcy probability, 12 months
5.8% Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €23,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.33 against 1.37 in 2024; short-term debt: 38.2% and cash: 72% of total assets), and 38.9% 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 53
Relative position
BE, all sectors
reference
Postal and courier activities (NACE 53)
about 277% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
61.1%
Return on assets
45.4%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
17 d early
2024
73 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 45 days before the deadline; the sector median for financial year 2024 is 13 days after the deadline, and 56% 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 months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

BL-Xpress was incorporated on 12 June 2024 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€404,977▲ 289%
2024 · €103,996
Total assets
€662,536▲ 109%
2024 · €317,203
Net result
€300,981▲ 204%
2024 · €98,996
Working capital
€338,172▲ 329%
2024 · €78,786
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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.Sector: the middle half (P25 to P75) of NACE 53, Postal and courier 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
Line20242025
Operating result€127,959-€417,696▲ 226%
Net result€98,996above the sector's middle half-€300,981above the sector's middle half▲ 204%
Equity€103,996above the sector's middle half-€404,977above the sector's middle half▲ 289%
Total assets€317,203above the sector's middle half-€662,536above the sector's middle half▲ 109%
Debt€213,207-€257,559▲ 20.8%
Working capital€78,786above the sector's middle half-€338,172above the sector's middle half▲ 329%
Solvency32.8%within the sector's middle half-61.1%within the sector's middle half▲ 28.3pp
Current ratio1.37within the sector's middle half-2.33within the sector's middle half▲ 0.96
Return on assets (ROA)31.2%above the sector's middle half-45.4%above the sector's middle half▲ 14.2pp
Staff (FTE)17.5-20.1▲ 14.9%
above within below the middle half (P25 to P75) of NACE 53, Postal and courier 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
€0€200,000€400,000Operating result 2024: €127,959€127,959Net result 2024: €98,996€98,996Operating result 2025: €417,696€417,696Net result 2025: €300,981€300,98120242025€0€200,000€400,000Operating result 2024: €127,959€128,000Net result 2024: €98,996€99,000Operating result 2025: €417,696€418,000Net result 2025: €300,981€301,00020242025
The operating result rises in 2025; 2025 is 226% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €662,536
Fixed assets €71,014 ▲ 163%
Current assets €591,522 ▲ 104%
Equity and liabilities €662,536
Equity €404,977 ▲ 289%
Debt €257,559 ▲ 20.8%
Debt's share of the balance-sheet total falls from 67.2% to 38.9%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€422,702▲
2024 · €128,874
Cash flow
€305,987▲
2024 · €99,912
Debt to equity
0.64▼
2024 · 2.05
ROE
74.3%▼
2024 · 95.2%
Interest coverage
162.60▲
2024 · 68.41
Debt ≤ 1 year
€253,349▲
2024 · €211,380
Income taxes
€114,116▲
2024 · €27,080
Staff costs
€941,812▲
2024 · €362,136
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,126 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 97% are still going.

  • Small
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.8% went bankrupt
1.9% stopped otherwise
97% still going

For this company itself Checked computes a higher bankruptcy probability: 5.8% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 3,126 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet Code20242025
Assets
Total assets20/58€317,203€662,536▲
Formation expenses20€0-
Fixed assets21/28€27,037€71,014▲
Intangible fixed assets21€9,084€7,084▼
Tangible fixed assets22/27-€44,477
Furniture and vehicles24-€44,477
Financial fixed assets28€17,953€19,453▲
Current assets29/58€290,166€591,522▲
Amounts receivable within one year40/41€77,689€110,238▲
Trade receivables40€71,921€107,616▲
Other amounts receivable41€5,768€2,622▼
Cash at bank and in hand54/58€203,056€477,122▲
Deferred charges and accrued income490/1€9,421€4,162▼
Equity and liabilities
Total equity and liabilities10/49€317,203€662,536▲
Equity10/15€103,996€404,977▲
Contributions10/11€5,000€5,000=
Reserves13-€300,981
Tax-exempt reserves132-€300,981
Profit (loss) carried forward14€98,996€98,996=
Amounts payable17/49€213,207€257,559▲
Amounts payable within one year42/48€211,380€253,349▲
Current portion of amounts payable after more than one year42€0-
Trade debts44€43,325€24,607▼
Suppliers440/4€43,325€24,607▼
Taxes, remuneration and social security45€131,119€183,340▲
Taxes450/3€41,725€65,043▲
Remuneration and social security454/9€89,394€118,297▲
Other amounts payable47/48€36,936€45,402▲
Accrued charges and deferred income492/3€1,828€4,210▲
Income statement Code20242025
Remuneration, social security and pensions62€362,136€941,812▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€916€5,006▲
Other operating charges640/8€1,758€5,383▲
Operating charges capitalised as restructuring costs649-€0
Non-recurring operating charges66A-€0
Gross operating margin9900€492,768€1.4m▲
Operating profit (loss)9901€127,959€417,696▲
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€1,884€2,600▲
Recurring financial charges65€1,884€2,600▲
Profit (loss) for the period before taxes9903€126,076€415,097▲
Income taxes67/77€27,080€114,116▲
Profit (loss) for the period9904€98,996€300,981▲
Transfer to tax-exempt reserves689-€147,350
Profit (loss) for the period to be appropriated9905€98,996€153,631▲
Appropriation of the result
Profit (loss) to be appropriated9906€98,996€252,627▲
Profit (loss) brought forward from the previous period14P-€98,996
Transfer to equity691/2-€153,631
To other reserves6921-€153,631

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Remuneration, social security and pensions62€362,136€941,812▲ 160%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€916€5,006▲ 447%
Other operating charges640/8€1,758€5,383▲ 206%
Operating charges capitalised as restructuring costs649-€0-
Non-recurring operating charges66A-€0-
Gross operating margin9900€492,768€1.4m▲ 178%
Operating profit (loss)9901€127,959€417,696▲ 226%
Financial income75/76B€1€0▼ 94.0%
Recurring financial income75€1€0▼ 94.0%
Financial charges65/66B€1,884€2,600▲ 38.0%
Recurring financial charges65€1,884€2,600▲ 38.0%
Profit (loss) for the period before taxes9903€126,076€415,097▲ 229%
Income taxes67/77€27,080€114,116▲ 321%
Profit (loss) for the period9904€98,996€300,981▲ 204%
Transfer to tax-exempt reserves689-€147,350-
Profit (loss) for the period to be appropriated9905€98,996€153,631▲ 55.2%
Line20242025Change
Assets
Total assets20/58€317,203€662,536▲ 109%
Formation expenses20€0--
Fixed assets21/28€27,037€71,014▲ 163%
Intangible fixed assets21€9,084€7,084▼ 22.0%
Tangible fixed assets22/27-€44,477-
Furniture and vehicles24-€44,477-
Financial fixed assets28€17,953€19,453▲ 8.4%
Current assets29/58€290,166€591,522▲ 104%
Amounts receivable within one year40/41€77,689€110,238▲ 41.9%
Trade receivables40€71,921€107,616▲ 49.6%
Other amounts receivable41€5,768€2,622▼ 54.5%
Cash at bank and in hand54/58€203,056€477,122▲ 135%
Deferred charges and accrued income490/1€9,421€4,162▼ 55.8%
Equity and liabilities
Total equity and liabilities10/49€317,203€662,536▲ 109%
Equity10/15€103,996€404,977▲ 289%
Contributions10/11€5,000€5,000=
Reserves13-€300,981-
Tax-exempt reserves132-€300,981-
Profit (loss) carried forward14€98,996€98,996=
Amounts payable17/49€213,207€257,559▲ 20.8%
Amounts payable within one year42/48€211,380€253,349▲ 19.9%
Current portion of amounts payable after more than one year42€0--
Trade debts44€43,325€24,607▼ 43.2%
Suppliers440/4€43,325€24,607▼ 43.2%
Taxes, remuneration and social security45€131,119€183,340▲ 39.8%
Taxes450/3€41,725€65,043▲ 55.9%
Remuneration and social security454/9€89,394€118,297▲ 32.3%
Other amounts payable47/48€36,936€45,402▲ 22.9%
Accrued charges and deferred income492/3€1,828€4,210▲ 130%
Line20242025Change
Profit (loss) for the period9904€98,996€300,981▲ 204%
+ Depreciation and write-downs630€916€5,006▲ 447%
Operating cash flow (approximation)€99,912€305,987▲ 206%
Investment in fixed assets (approximation)--€48,983-
Change in cash-€274,066-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
14-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Equity above €200,000Eq €404,977 ▲289%
2 profitable years in a row build equity to €404,977.
19-05
NBB filing Annual accounts filed
fiscal year 2024 · micro 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, Crisnée · 2 establishment units since 2024
seat establishment approximate All 2 establishment units on the map
Ground area
4,477 m²
Building footprint
322 m²
Volume, LiDAR
1,533 m³
2 parcels, Wallonia · tallest building 5.4 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
BL-Xpress
Rue Martin Wynants 4, 4367 CrisnéeOther postal and courier activities
since 20242.360.586.456
Au Fonds Râce 23, 4300 Waremme
Other postal and courier activities
since 20262.391.873.708
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
64415A0504/00D000 Wallonia 3,734 m² - -
64074B0139/00V002 Wallonia 743 m² 1 · 322 m² 5.4 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.

Recognitions · licences · registrations

Parcel delivery

Notified to the BIPT
since 19-07-2024

Similar companies · same sector, comparable size

Of 4,920 companies in sector 53200 we hold annual accounts for 1,324. 676 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
Founded12-06-2024
Fiscal year end31-12
Activities, NACEBEL 2025
53200Other postal and courier activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:1010304686
Also 9925:BE1010304686
Registered 19-11-2025

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.