BURGER EXPRESS
ActiveSummary
The computed 12-month bankruptcy probability of BURGER EXPRESS is 5.4% (elevated). For BURGER EXPRESS, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €96,234 and a net result of €44,370. Its solvency ranks better than 65% of 17995 sector peers (fiscal year 2023). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability95▼-5
Solvency71▼-19
Growth52
Track record94
Bankruptcy probability, 12 months
5.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
+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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
45.6%
Return on assets
21%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 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 · 2 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline29-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 09-08-2024, 9 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
9 d late
2022
57 d late
← 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 33 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, micro schema
Equity
€96,234▲ 85.6%
2022 · €51,864
Total assets
€210,883▲ 164%
2022 · €79,872
Net result
€44,370▼ 12.8%
2022 · €50,864
Working capital
€72,355▲ 42.8%
2022 · €50,659
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, 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
Line20222023
Operating result€64,433-€61,492▼ 4.6%
Net result€50,864above the sector's middle half-€44,370above the sector's middle half▼ 12.8%
Equity€51,864within the sector's middle half-€96,234above the sector's middle half▲ 85.6%
Total assets€79,872within the sector's middle half-€210,883within the sector's middle half▲ 164%
Debt€28,009-€114,649▲ 309%
Working capital€50,659above the sector's middle half-€72,355above the sector's middle half▲ 42.8%
Solvency64.9%above the sector's middle half-45.6%within the sector's middle half▼ 19.3pp
Current ratio2.81above the sector's middle half-1.63within the sector's middle half▼ 1.18
Return on assets (ROA)63.7%above the sector's middle half-21.0%above the sector's middle half▼ 42.6pp
Staff (FTE)1.3
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service 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
The operating result falls in 2023; 2023 is 5% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €210,883
Fixed assets
€23,879 ▲ 1,882%
Current assets
€187,004 ▲ 138%
Equity and liabilities €210,883
Equity
€96,234 ▲ 85.6%
Debt
€114,649 ▲ 309%
Debt's share of the balance-sheet total rises from 35.1% to 54.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€65,314▲
2022 · €64,434
Cash flow
€48,192▼
2022 · €50,865
Quick ratio
1.54▼
2022 · 2.72
Debt to equity
1.19▲
2022 · 0.54
ROE
46.1%▼
2022 · 98.1%
Interest coverage
14.69▼
2022 · 86.09
Debt ≤ 1 year
€114,649▲
2022 · €28,009
Income taxes
€12,675▼
2022 · €12,822
Staff costs
€34,175▲
2022 · €313
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €313 | €34,175 | ▲ 10,818% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1 | €3,822 | ▲ 347,341% |
| Other operating charges640/8 | €437 | €2,688 | ▲ 516% |
| Gross operating margin9900 | €65,184 | €102,177 | ▲ 56.8% |
| Operating profit (loss)9901 | €64,433 | €61,492 | ▼ 4.6% |
| Financial income75/76B | €1 | - | - |
| Recurring financial income75 | €1 | - | - |
| Financial charges65/66B | €748 | €4,447 | ▲ 494% |
| Recurring financial charges65 | €748 | €4,447 | ▲ 494% |
| Profit (loss) for the period before taxes9903 | €63,686 | €57,045 | ▼ 10.4% |
| Income taxes67/77 | €12,822 | €12,675 | ▼ 1.1% |
| Profit (loss) for the period9904 | €50,864 | €44,370 | ▼ 12.8% |
| Profit (loss) for the period to be appropriated9905 | €50,864 | €44,370 | ▼ 12.8% |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €79,872 | €210,883 | ▲ 164% |
| Fixed assets21/28 | €1,205 | €23,879 | ▲ 1,882% |
| Intangible fixed assets21 | - | €12,879 | - |
| Tangible fixed assets22/27 | €1,205 | €11,000 | ▲ 813% |
| Plant, machinery and equipment23 | - | €5,697 | - |
| Furniture and vehicles24 | €1,205 | €5,304 | ▲ 340% |
| Current assets29/58 | €78,668 | €187,004 | ▲ 138% |
| Stocks and contracts in progress3 | €2,501 | €9,968 | ▲ 299% |
| Stocks30/36 | €2,501 | €9,968 | ▲ 299% |
| Amounts receivable within one year40/41 | €25,623 | €123,179 | ▲ 381% |
| Trade receivables40 | - | €2,805 | - |
| Other amounts receivable41 | €25,623 | €120,374 | ▲ 370% |
| Cash at bank and in hand54/58 | €50,544 | €53,857 | ▲ 6.6% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €79,872 | €210,883 | ▲ 164% |
| Equity10/15 | €51,864 | €96,234 | ▲ 85.6% |
| Contributions10/11 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | €50,864 | €95,234 | ▲ 87.2% |
| Amounts payable17/49 | €28,009 | €114,649 | ▲ 309% |
| Amounts payable within one year42/48 | €28,009 | €114,649 | ▲ 309% |
| Financial debts43 | - | €29,870 | - |
| Credit institutions430/8 | - | €29,870 | - |
| Trade debts44 | €6,278 | €30,395 | ▲ 384% |
| Suppliers440/4 | €6,278 | €30,395 | ▲ 384% |
| Taxes, remuneration and social security45 | €21,730 | €54,384 | ▲ 150% |
| Taxes450/3 | €21,730 | €47,000 | ▲ 116% |
| Remuneration and social security454/9 | - | €7,384 | - |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €50,864 | €44,370 | ▼ 12.8% |
| + Depreciation and write-downs630 | €1 | €3,822 | ▲ 347,341% |
| Operating cash flow (approximation) | €50,865 | €48,192 | ▼ 5.3% |
| Investment in fixed assets (approximation) | - | -€26,496 | - |
| Change in cash | - | €3,312 | - |
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
2024
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 57 days late
NBB filing
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Kortenaken · 1 establishment unit since 2021
Ground area
701 m²
Building footprint
136 m²
Volume, LiDAR
823 m³
Parcel 24054A0254/00K000, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BURGER EXPRESS
since 20212.326.194.711
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24054A0254/00K000 | Flanders | 701 m² | 1 · 136 m² | 10.0 m · 2 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.
Similar companies · same sector, comparable size
TEKIRDAG
BE 0822.556.931
Antwerpen · Eq €96,310
HERAMEL
BE 0754.913.089
Froidchapelle · Eq €96,317
LE GRILL DUFOUR
BE 0726.458.932
Mouscron · Eq €96,342
DIGGER BLEGNY
BE 0685.527.110
Blégny · Eq €96,358
HVP INVEST
BE 0752.600.927
De Panne · Eq €96,399
Of 21,853 companies in sector 56112 we hold annual accounts for 9,777. 7,868 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
Founded09-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.