Active BE 0452.459.864Private limited company (pre-2019)Open bankruptcy

BLUE EXPRESS

Heirbaan 274 ·2070 Beveren-Kruibeke-Zwijndrecht, Belgium· 32 yrs active

Sector: NACE 53200 (53200)

Conclusion Checked

A bankruptcy procedure is open for BLUE EXPRESS according to publications in the Belgian State Gazette. The 2024 annual accounts show equity of €157k and a net result of €-71k.

Based on the State Gazette, CBE and 6 annual accounts.

Key figures

Equity	€157k
Net result	€-71k
Staff (FTE)	3.9
Better than sector	45%

Snowflake analysis 5 axes · computed by Checked

14 / 100

Fragile profile — watch health in particular.

Health 0

Profitability 0

Solvency 38

Growth 32

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open — a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High risk

Components

· Open bankruptcy (+50)

Trust signals 1 signals

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No administrative flags

Health barometer FY 2024 · computed

0 / 100 Critical

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 29-08-2025 with the NBB · fiscal year 2024 · verkort

Operating resultNet result

Sector comparison

Fiscal year 2024 · NACE 53 · compared across all schema types (micro, abbreviated and full combined)

Metric	This company	Sector median	Position in the sector
Solvency	22.0%	25.9%	better than 45% of 56 sector peers
Net result	€-71k	€8k	better than 5% of 55 sector peers
Equity	€157k	€22k	better than 95% of 56 sector peers
Gross operating margin	€239k	€50k	better than 91% of 55 sector peers
Staff costs	€165k	€77k	higher than 84% of 36 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€47k

-52.7% 18–24

Net profit

€-71k

— 18–24

Cash flow

€-19k

— 18–24

Total assets

€714k

+12.0% 18–24

Equity

€157k

-38.8% 18–24

Working capital

€131k

-46.9% 18–24

Employees (FTE)

4

-13.3% 18–24

Staff costs

€165k

+5.0% 18–24

Income taxes

€1k

-84.2% 18–24

Debt

€557k

+46.2% 18–24

Debt ≤ 1y

€369k

+40.5% 18–24

Debt > 1y

€183k

+57.5% 18–24

Current ratio

1.36

-30.1% 18–24

Quick ratio

1.36

-30.1% 18–24

Solvency

22.0%

-45.3% 18–24

Debt / equity

3.54

+138.8% 18–24

ROE

-44.9%

— 18–24

ROA

-9.9%

— 18–24

Interest coverage

0.72

-87.9% 18–24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Revenue	—
EBITDA	€47k
Net profit	€-71k
Cash flow	€-19k
Staff costs	€165k
Income taxes	€1k
Dividends	—
Total assets	€714k
Equity	€157k
Debt	€557k
of which ≤ 1y	€369k
of which > 1y	€183k
Working capital	€131k
Employees (FTE)	3.9

Ratios (computed)

	2024
Current ratio	1.36
Quick ratio	1.36
Working capital ratio	18.4%
Solvency	22.0%
Debt / equity	3.54
Long-term debt ratio	1.17
Interest coverage	0.72
Gross margin	—
Net margin	—
ROA	-9.9%
ROE	-44.9%
EBITDA margin	—
Days sales outstanding	—
Days payable outstanding	—
Inventory turnover	—
Days inventory (DSI)	—

Balance-sheet composition 2024

Assets

Fixed assets €214k · 30.0% Current assets €500k · 70.0%

Equity & liabilities

Equity €157k · 22.0% Debt €557k · 78.0%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet — Assets
TOTAL ASSETS	20/58	€714k
Fixed assets	21/28	€214k
Tangible fixed assets	22/27	€207k
Financial fixed assets	28	€7k
Current assets	29/58	€500k
Amounts receivable within one year	40/41	€92k
Cash & bank	54/58	€84
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€714k
Equity	10/15	€157k
Contributions / capital	10/11	€118k
Reserves	13	€12k
Accumulated profits (losses)	14	€28k
Amounts payable	17/49	€557k
Amounts payable after one year	17	€183k
Amounts payable within one year	42/48	€369k
Trade debts payable within one year	44	€180k
Income statement
Gross operating margin	9900	€239k
Operating result	9901	€-5k
Financial income	75	€508
Financial charges	65	€65k
Result before taxes	9903	€-70k
Income taxes	67/77	€1k
Net result for the period	9904	€-71k
Result to be appropriated	9905	€-71k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	PIETER WAUMAN VIJFSTRATEN 57, 9100 SINT- NIKLAAS ↔ Also on 101 other cases	23-09-2025 → present	Belgian State Gazette

Legal Structure

NACE primary	53200
Legal form	Private limited company (pre-2019)(015)
Incorporation	22-04-1994
Status	Active
Postal code	2070
First BS signal	29-09-2025
Latest BS signal	29-09-2025

Company structure — linked entities1 linked entities

Mandates

↔ 1 of these mandate-holders are active on other cases — click any red card to open that KBO.

Establishment units 1 location

Heirbaan 274, 2070 Beveren-Kruibeke-Zwijndrecht

Goederenvervoer over de weg

since 19942.066.762.964

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates — not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11011A0083/00V000	Flanders	46 m²	1 · 75 m²	8.7 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data — this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

29-09-2025

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Dendermonde · BLUE EXPRESS BV HEIR- BAAN 274, 2070 BEVEREN-KRUIBEKE-ZWIJNDRECHT · event 23-09-2025

29-08-2025