BUFFALO EXPRESS
InactiveBUFFALO EXPRESS was declared bankrupt on 29-04-2024 (Tribunal de l’entreprise du Hainaut, division Charleroi); the bankruptcy was closed for insufficient assets by judgment of 06-10-2025, published in the Belgian State Gazette on 17-10-2025.
Summary
Inactive; last annual accounts for fiscal year 2023.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-06-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
30-06-2024 close31-01-2025 deadline26-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 11-12-2023, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
51 d early
2022
39 d early
2021
41 d early
2020
48 d early
2019
42 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 44 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2023, micro schema
Equity
-€385,900▲ 19.1%
2022 · -€476,919
Total assets
€41,432▼ 76.5%
2022 · €176,133
Net result
€91,019
2022 · -€25,389
Working capital
-€394,432▲ 10.9%
2022 · -€442,702
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€5,217-€2,634▼ 49.5%-€6,153-€15,788▼ 157%€91,827
Net result-€22,089--€5,567▲ 74.8%-€23,309▼ 319%-€25,389▼ 8.9%€91,019
Equity-€422,654--€428,221▼ 1.3%-€451,530▼ 5.4%-€476,919▼ 5.6%-€385,900▲ 19.1%
Total assets€105,491-€86,222▼ 18.3%€72,039▼ 16.4%€176,133▲ 144%€41,432▼ 76.5%
Debt€528,144-€514,443▼ 2.6%€523,569▲ 1.8%€653,052▲ 24.7%€427,332▼ 34.6%
Working capital-€225,706--€242,859▼ 7.6%-€256,257▼ 5.5%-€442,702▼ 72.8%-€394,432▲ 10.9%
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 2023: €91,827 after a loss of €15,788 in 2022, the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €41,432
Fixed assets
€9,358 ▼ 94.6%
Current assets
€32,075 ▲ 1,020%
Key figures and ratios
EBITDA
€114,542▲
2022 · €6,927
Cash flow
€113,734▲
2022 · -€2,673
Solvency
-931.4%▼
2022 · -270.8%
Current ratio
0.08▲
2022 · 0.01
Debt to equity
-1.11▲
2022 · -1.37
ROA
219.7%▲
2022 · -14.4%
Interest coverage
41.33▲
2022 · 0.73
Debt ≤ 1 year
€426,507▼
2022 · €445,565
Debt > 1 year
€825▼
2022 · €207,487
Income taxes
-€1,580▼
2022 · €116
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32,041 | €22,975 | €22,747 | €22,715 | €22,715 | = |
| Other operating charges640/8 | - | - | - | €1,832 | €3,595 | ▲ 96.3% |
| Gross operating margin9900 | €37,759 | €27,772 | €18,402 | €8,759 | €118,137 | ▲ 1,249% |
| Operating profit (loss)9901 | €5,217 | €2,634 | -€6,153 | -€15,788 | €91,827 | ▲ 682% |
| Financial income75/76B | - | - | - | €2 | €384 | ▲ 18,616% |
| Recurring financial income75 | €4 | €10 | €2 | €2 | €384 | ▲ 18,616% |
| Financial charges65/66B | - | - | - | €9,486 | €2,772 | ▼ 70.8% |
| Recurring financial charges65 | €27,135 | €8,096 | €16,956 | €9,486 | €2,772 | ▼ 70.8% |
| Profit (loss) for the period before taxes9903 | -€21,915 | -€5,452 | -€23,107 | -€25,273 | €89,439 | ▲ 454% |
| Income taxes67/77 | €174 | €115 | €202 | €116 | -€1,580 | ▼ 1,461% |
| Profit (loss) for the period9904 | -€22,089 | -€5,567 | -€23,309 | -€25,389 | €91,019 | ▲ 458% |
| Profit (loss) for the period to be appropriated9905 | -€22,089 | -€5,567 | -€23,309 | -€25,389 | €91,019 | ▲ 458% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €105,491 | €86,222 | €72,039 | €176,133 | €41,432 | ▼ 76.5% |
| Fixed assets21/28 | €100,511 | €77,536 | €54,789 | €173,270 | €9,358 | ▼ 94.6% |
| Tangible fixed assets22/27 | €100,511 | €77,536 | €54,789 | €32,073 | €9,358 | ▼ 70.8% |
| Land and buildings22 | - | - | - | €32,073 | €9,358 | ▼ 70.8% |
| Financial fixed assets28 | - | - | - | €141,197 | - | - |
| Current assets29/58 | €4,980 | €8,686 | €17,251 | €2,863 | €32,075 | ▲ 1,020% |
| Stocks and contracts in progress3 | €2,581 | €2,528 | €1,829 | €1,578 | - | - |
| Stocks30/36 | - | - | - | €1,578 | - | - |
| Amounts receivable within one year40/41 | €371 | €1,644 | €1,740 | €956 | €1,689 | ▲ 76.7% |
| Other amounts receivable41 | - | - | - | €956 | €1,689 | ▲ 76.7% |
| Current investments50/53 | - | - | - | - | €15,062 | - |
| Cash at bank and in hand54/58 | - | €2,467 | €12,960 | €62 | €14,512 | ▲ 23,459% |
| Deferred charges and accrued income490/1 | - | - | - | €267 | €811 | ▲ 204% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €105,491 | €86,222 | €72,039 | €176,133 | €41,432 | ▼ 76.5% |
| Equity10/15 | -€422,654 | -€428,221 | -€451,530 | -€476,919 | -€385,900 | ▲ 19.1% |
| Contributions10/11 | €20,000 | - | - | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€442,654 | -€448,221 | -€471,530 | -€496,919 | -€405,900 | ▲ 18.3% |
| Amounts payable17/49 | €528,144 | €514,443 | €523,569 | €653,052 | €427,332 | ▼ 34.6% |
| Amounts payable after more than one year17 | €295,008 | €262,898 | €247,348 | €207,487 | €825 | ▼ 99.6% |
| Financial debts170/4 | - | - | - | €207,487 | - | - |
| Other amounts payable178/9 | - | - | - | - | €825 | - |
| Amounts payable within one year42/48 | €230,685 | €251,545 | €273,508 | €445,565 | €426,507 | ▼ 4.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €35,480 | €26,294 | ▼ 25.9% |
| Financial debts43 | - | - | - | €226 | - | - |
| Credit institutions430/8 | - | - | - | €226 | - | - |
| Trade debts44 | €284 | €948 | €1,139 | €694 | €169 | ▼ 75.6% |
| Suppliers440/4 | - | - | - | €694 | €169 | ▼ 75.6% |
| Taxes, remuneration and social security45 | - | - | - | €116 | €1,002 | ▲ 763% |
| Taxes450/3 | - | - | - | €116 | €1,002 | ▲ 763% |
| Other amounts payable47/48 | - | - | - | €409,049 | €399,041 | ▼ 2.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€22,089 | -€5,567 | -€23,309 | -€25,389 | €91,019 | ▲ 458% |
| + Depreciation and write-downs630 | €32,041 | €22,975 | €22,747 | €22,715 | €22,715 | = |
| Operating cash flow (approximation) | €9,952 | €17,408 | -€562 | -€2,673 | €113,734 | ▲ 4,354% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€141,197 | €141,197 | ▲ 200% |
| Change in cash | - | - | €10,493 | -€12,898 | €14,451 | ▲ 212% |
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
17-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise du Hainaut, division Charleroi · event 06-10-2025
2024
10-05
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Charleroi · event 29-04-2024
2023
11-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Back to profitnet €91,019
Net result €91,019 after 4 loss-making years.
2022
23-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Weakest financial yearnet -€25,389
Net result drops to -€25,389, the lowest in the series.
2021
21-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
14-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
20-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
06-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
19-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
13-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
15-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2014
04-12
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 12 acts read
About the unread acts
We know of 12 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
12 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PIERRE-EMMANUEL CORNIL RUE DE GOZEE, 137,
6110 MONTIGNY-LE-TILLEUL- .
Date provisoire de cessation de paiement : 29/04/2024 |
29-04-2024 → 06-10-2025 |
Recognitions · licences · registrations
Legal Entity Identifier
699400TKTHHXEL4YM041