C-EXPRESS
Bankruptcy closedInactive since 01-07-2026; last annual accounts for fiscal year 2019.
Summary
C-EXPRESS was declared bankrupt on 30-11-2021 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed by liquidation by judgment of 30-06-2026, published in the Belgian State Gazette on 08-07-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 07-08-2020, 7 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
7 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its 2019 accounts 7 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2019, abbreviated schema
Equity
€34,940
2018 · -€80,566
Total assets
€698,877▼ 21.2%
2018 · €886,979
Net result
€115,506▼ 6.9%
2018 · €124,073
Working capital
-€110,431▲ 54.8%
2018 · -€244,090
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
Line20182019
Operating result€129,977-€121,954▼ 6.2%
Net result€124,073-€115,506▼ 6.9%
Equity-€80,566-€34,940
Total assets€886,979-€698,877▼ 21.2%
Debt€967,545-€663,937▼ 31.4%
Working capital-€244,090--€110,431▲ 54.8%
Staff (FTE)14-14=
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 2019; 2019 is 6% below 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €698,877
Fixed assets
€145,371 ▼ 19.9%
Current assets
€553,506 ▼ 21.5%
Equity and liabilities €698,877
Equity
€34,940
Debt
€663,937
Debt finances 95.0% of the balance-sheet total.
Key figures and ratios
EBITDA
€187,324▼
2018 · €239,751
Cash flow
€180,875▼
2018 · €233,847
Current ratio
0.83▲
2018 · 0.74
Quick ratio
0.82▲
2018 · 0.74
ROE
330.6%
ROA
16.5%▲
2018 · 14.0%
Debt ≤ 1 year
€663,937▼
2018 · €949,552
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €109,774 | €65,369 | ▼ 40.5% |
| Gross operating margin9900 | €1.0m | €798,975 | ▼ 20.8% |
| Operating profit (loss)9901 | €129,977 | €121,954 | ▼ 6.2% |
| Recurring financial income75 | €88 | €323 | ▲ 268% |
| Recurring financial charges65 | €5,991 | €6,772 | ▲ 13.0% |
| Profit (loss) for the period before taxes9903 | €124,073 | €115,506 | ▼ 6.9% |
| Profit (loss) for the period9904 | €124,073 | €115,506 | ▼ 6.9% |
| Profit (loss) for the period to be appropriated9905 | €124,073 | €115,506 | ▼ 6.9% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €886,979 | €698,877 | ▼ 21.2% |
| Fixed assets21/28 | €181,518 | €145,371 | ▼ 19.9% |
| Intangible fixed assets21 | €21,000 | €17,500 | ▼ 16.7% |
| Tangible fixed assets22/27 | €51,573 | €22,927 | ▼ 55.5% |
| Financial fixed assets28 | €108,945 | €104,945 | ▼ 3.7% |
| Current assets29/58 | €705,461 | €553,506 | ▼ 21.5% |
| Stocks and contracts in progress3 | - | €6,634 | - |
| Amounts receivable within one year40/41 | €591,414 | €445,894 | ▼ 24.6% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €886,979 | €698,877 | ▼ 21.2% |
| Equity10/15 | -€80,566 | €34,940 | ▲ 143% |
| Contributions10/11 | €6,200 | €6,200 | = |
| Reserves13 | €5,617 | €5,617 | = |
| Profit (loss) carried forward14 | -€92,383 | €23,123 | ▲ 125% |
| Amounts payable17/49 | €967,545 | €663,937 | ▼ 31.4% |
| Amounts payable after more than one year17 | €17,993 | - | - |
| Amounts payable within one year42/48 | €949,552 | €663,937 | ▼ 30.1% |
| Trade debts44 | €112,013 | €35,194 | ▼ 68.6% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €124,073 | €115,506 | ▼ 6.9% |
| + Depreciation and write-downs630 | €109,774 | €65,369 | ▼ 40.5% |
| Operating cash flow (approximation) | €233,847 | €180,875 | ▼ 22.7% |
| Investment in fixed assets (approximation) | - | -€29,223 | - |
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
2026
08-07
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Gent · event 30-06-2026
2021
09-12
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 30-11-2021
2020
07-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 7 days late
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 373 days late
2019
23-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 266 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
12-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
08-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 8 days late
2013
09-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 9 days late
2012
22-06
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
2011
30-06
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
SignalNBB filing
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Aalter
Ground area
9,714 m²
Building footprint
5,150 m²
Parcel 44001B0004/00L000, Flanders. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44001B0004/00L000 | Flanders | 9,714 m² | 1 · 5,150 m² | - |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JORIS DE SMET BRUUL 27, 9630 11 ZWALM- |
30-11-2021 → 30-06-2026 |
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Of 3,187 companies in sector 52250 we hold annual accounts for 1,956. 1,050 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 (pre-2019)
Founded15-09-1999
Fiscal year end31-12
Activities, NACEBEL 2025
52250Logistics services
Scores and ratios are computed by Checked and are not a credit decision.