Blue Express Logistics
Open bankruptcyA bankruptcy procedure is open for Blue Express Logistics according to publications in the Belgian State Gazette; curator: PIETER WAUMAN. The 2024 annual accounts show equity of €3k and a net result of €-293.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 1850 sector peers (2024).
NBB · sector comparisonPosition among 1850 sector peers
Solvency
better than 9%
← 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 29-08-2025, 29 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
1 d early
2022
3 d early
2021
26 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€3k▼ 8.2%
2023 · €4k
2021: €7k
2022: €368
2023: €4k
2021 → 2024
Total assets
€483k▲ 8.4%
2023 · €445k
2021: €425k
2022: €433k
2023: €445k
2021 → 2024
Net result
€-293
2023 · €3k
2021: €4k
2022: €-7k
2023: €3k
2021 → 2024
Working capital
€2k▲ 42.5%
2023 · €1k
2021: €3k
2022: €-3k
2023: €1k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€7k-€368▼ 95.0%€4k▲ 879%€3k▼ 8.2%
Operating result€6k-€-7k€4k€3k▼ 21.7%
Net result€4k-€-7k€3k€-293
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 22% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €483k
Fixed assets
€402k▼ 0.2%
Current assets
€81k▲ 89.4%
Equity and liabilities €483k
Equity
€3k▼ 8.2%
Debt
€479k▲ 8.5%
The debt ratio rises from 99.2% to 99.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€4k▼
2023 · €5k
Cash flow
€525▼
2023 · €4k
Solvency
0.7%▼
2023 · 0.8%
Current ratio
1.02▼
2023 · 1.03
Quick ratio
1.02▼
2023 · 1.03
ROE
-8.9%▼
2023 · 89.8%
ROA
-0.1%▼
2023 · 0.7%
Interest coverage
1.63▼
2023 · 5.90
Debt
€479k▲
2023 · €442k
Debt ≤ 1 year
€79k▲
2023 · €42k
Debt > 1 year
€400k=
2023 · €400k
Income taxes
€1k▲
2023 · €256
A ratio outside any meaningful range has been withheld (balance sheet total €483k, equity €3k).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€445k€483k▲
Fixed assets21/28€402k€402k▼
Tangible fixed assets22/27€2k€2k▼
Other tangible fixed assets26€2k€2k▼
Financial fixed assets28€400k€400k=
Current assets29/58€43k€81k▲
Amounts receivable within one year40/41€41k€80k▲
Trade receivables40€41k€80k▲
Cash at bank and in hand54/58€2k€768▼
Equity and liabilities
Total equity and liabilities10/49€445k€483k▲
Equity10/15€4k€3k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€597€304▼
Amounts payable17/49€442k€479k▲
Amounts payable after more than one year17€400k€400k=
Financial debts170/4€400k€400k=
Amounts payable within one year42/48€42k€79k▲
Trade debts44€4k€20k▲
Suppliers440/4€4k€20k▲
Taxes, remuneration and social security45€27k€49k▲
Taxes450/3€27k€49k▲
Other amounts payable47/48€10k€10k=
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€818€818=
Other operating charges640/8€5k€4k▼
Gross operating margin9900€10k€8k▼
Operating profit (loss)9901€4k€3k▼
Financial charges65/66B€878€3k▲
Recurring financial charges65€878€3k▲
Profit (loss) for the period before taxes9903€3k€816▼
Income taxes67/77€256€1k▲
Profit (loss) for the period9904€3k€-293▼
Profit (loss) for the period to be appropriated9905€3k€-293▼
Appropriation of the result
Profit (loss) to be appropriated9906€597€304▼
Profit (loss) brought forward from the previous period14P€-3k€597▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-09
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · BLUE EXPRESS LOGISTICS BV HEIRBAAN 274, 2070 BEVEREN-KRUIBEKE-ZWIJNDRECHT · event 23-09-2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-7k ▼261%
Net result drops to €-7k, the lowest in the series.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Heirbaan 2742070 Beveren-Kruibeke-ZwijndrechtGround area
46 m²
Building footprint
75 m²
Volume, LiDAR
477 m³
Parcel 11011A0083/00V000, Flanders · tallest building 8.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Blue Express Logistics
since 20202.308.479.343
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11011A0083/00V000 | Flanders | 46 m² | 1 · 75 m² | 8.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PIETER WAUMAN VIJFSTRATEN 57, 9100 SINT-
NIKLAAS |
23-09-2025 → present |
Similar companies · same sector, comparable size
COGEPART BELGIQUE
BE 0738.990.540
Wavre · Eq €3k
TRANSMOBIEL
BE 0439.411.087
Bilzen-Hoeselt · Eq €3k
STAR FLEX
BE 0800.928.802
Dilbeek · Eq €3k
FREIGHT EXPRESS
BE 0427.653.697
Aartselaar · Eq €3k
SNZ TRANSPORTS
BE 1013.002.078
Liège · Eq €3k
Of 12,605 companies in sector 49410 we hold annual accounts for 8,195. 2,114 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-09-2020
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.