DE EXPEDITIE
ActiveDE EXPEDITIE has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.01M and a net result of €28k. Equity is shrinking by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 88% of 1970 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
91
/ 100
Excellent▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability14▲+4
Solvency100=
Growth58=
Stability100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity ample (current ratio 2.93 against 2.91 in 2024), and 11.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Sector 90
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
88.6%
Return on assets
2.5%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
on the day
2023
54 d late
2022
31 d early
2021
145 d late
2020
213 d late
2019
92 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.01M▼ 6.7%
2024 · €1.08M
2018: €1.40M
2019: €1.44M
2020: €1.39M
2021: €1.31M
2022: €1.22M
2023: €1.16M
2024: €1.08M
2018 → 2025
Total assets
€1.14M▼ 5.7%
2024 · €1.21M
2018: €1.62M
2019: €1.69M
2020: €1.58M
2021: €1.51M
2022: €1.42M
2023: €1.29M
2024: €1.21M
2018 → 2025
Net result
€28k▲ 33.5%
2024 · €21k
2018: €-2k
2019: €9k
2020: €9k
2021: €-3k
2022: €10k
2023: €43k
2024: €21k
2018 → 2025
Working capital
€92k▲ 12.5%
2024 · €82k
2018: €190k
2019: €78k
2020: €52k
2021: €62k
2022: €68k
2023: €67k
2024: €82k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.31M-€1.22M▼ 7.1%€1.16M▼ 4.8%€1.08M▼ 6.9%€1.01M▼ 6.7%
Operating result€-1k-€11k€-425€22k€29k▲ 32.0%
Net result€-3k-€10k€43k▲ 355%€21k▼ 51.6%€28k▲ 33.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 32% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.14M
Fixed assets
€999k▼ 7.7%
Current assets
€140k▲ 12.1%
Equity and liabilities €1.14M
Equity
€1.01M▼ 6.7%
Debt
€130k▲ 3.5%
The debt ratio rises from 10.4% to 11.4%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€162k▲
2024 · €145k
Cash flow
€161k▲
2024 · €144k
Solvency
88.6%▼
2024 · 89.6%
Current ratio
2.93▲
2024 · 2.91
Quick ratio
2.93▲
2024 · 2.91
Debt / equity
0.13▲
2024 · 0.12
ROE
2.8%▲
2024 · 1.9%
ROA
2.5%▲
2024 · 1.7%
Interest coverage
159.89▲
2024 · 128.74
Debt
€130k▲
2024 · €125k
Debt ≤ 1 year
€48k▲
2024 · €43k
Debt > 1 year
€39k▼
2024 · €52k
Staff costs
€37k▼
2024 · €41k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.21M€1.14M▼
Fixed assets21/28€1.08M€999k▼
Tangible fixed assets22/27€1.08M€999k▼
Land and buildings22€1.08M€995k▼
Plant, machinery and equipment23€781€987▲
Furniture and vehicles24€417€3k▲
Current assets29/58€125k€140k▲
Amounts receivable within one year40/41€37k€34k▼
Trade receivables40€37k€34k▼
Cash at bank and in hand54/58€83k€102k▲
Deferred charges and accrued income490/1€5k€5k▼
Equity and liabilities
Total equity and liabilities10/49€1.21M€1.14M▼
Equity10/15€1.08M€1.01M▼
Reserves13€44k€69k▲
Profit (loss) carried forward14€163k€166k▲
Investment grants15€876k€775k▼
Amounts payable17/49€125k€130k▲
Amounts payable after more than one year17€52k€39k▼
Financial debts170/4€52k€39k▼
Amounts payable within one year42/48€43k€48k▲
Current portion of amounts payable after more than one year42€13k€13k▲
Trade debts44€10k€27k▲
Suppliers440/4€10k€27k▲
Taxes, remuneration and social security45€20k€8k▼
Taxes450/3€14k€840▼
Remuneration and social security454/9€6k€7k▲
Accrued charges and deferred income492/3€30k€43k▲
Income statement
Code20242025
Non-recurring operating income76A€379€885▲
Remuneration, social security and pensions62€41k€37k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€123k€133k▲
Other operating charges640/8€34k€32k▼
Gross operating margin9900€220k€232k▲
Operating profit (loss)9901€22k€29k▲
Financial income75/76B€1-
Recurring financial income75€1-
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▼
Non-recurring financial charges66B-€160
Profit (loss) for the period before taxes9903€21k€28k▲
Profit (loss) for the period9904€21k€28k▲
Profit (loss) for the period to be appropriated9905€21k€28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€163k€191k▲
Profit (loss) brought forward from the previous period14P€142k€163k▲
To contributions691-€25k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-09
State Gazette act
Resignations & appointmentsGeneral meeting · Registered-office move · Director resignation15 facts ▸
State Gazette act
Resignations & appointments
General meeting · Registered-office move · Director resignation15 facts ▸
- General meeting, 2026-05-19
- Registered-office move, Padoekstraat 3 0203, 9000 Gent
- Director resignation, Marijke Mahieu (bestuurder)
- Director resignation, Luc De Voogdt (bestuurder)
- Director appointment, Maud Van De Velde (bestuurder)
- Director appointment, Jos De Wolf (bestuurder)
- Approval, 2025-12-31
- Net-asset statement, 2025-12-31
- Director discharge, De Expeditie VZW (bestuurders)
- Approval, Begroting 2026
- Approval, Goedkeuring intern reglement
- Member admission, Maud Van De Velde
- +3 further facts in this act
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 54 days late
2023
31-12
Financial
Highest result since 2018net €43k ▲355%
Net result €43k, the highest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
23-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 145 days late
01-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 213 days late
2021
31-12
Financial
Weakest financial yearnet €-3k ▼132%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
2020
13-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 471 days late
13-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 836 days late
13-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 1201 days late
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 92 days late
2019
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 directors, no change since 2026
Jos De Wolf
CurrentDirector · since 19-05-2026
Maud Van De Velde
CurrentDirector · since 19-05-2026
19-05-2026
Jos De Wolf: Appointed as Director
19-05-2026
Maud Van De Velde: Appointed as Director
19-05-2026
Luc De Voogdt: Resigned as Director
19-05-2026
Marijke Mahieu: Resigned as Director
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2018
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.
Dok-Noord 4F9000 GentGround area
1,389 m²
Building footprint
1,389 m²
Volume, LiDAR
13,879 m³
Parcel 44021A2735/00V002, Flanders · tallest building 14.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
DE EXPEDITIE
since 20182.276.142.018
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44021A2735/00V002 | Flanders | 1,388 m² | 1 · 1,389 m² | 14.6 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.
Similar companies · same sector, comparable size
Eden|Centre culturel de Charleroi
BE 0413.303.835
Charleroi · Eq €1.01M
Maison de la Culture d'Arlon, Centre culturel du Sud-Luxembourg
BE 0409.430.070
Arlon · Eq €982k
CENTRE CULTUREL REGIONAL - THEATRE DE NAMUR
BE 0422.467.959
Namur · Eq €982k
Maison de la culture de Tournai - Centre culturel,centre scénique et centre d'expression et de créativité
BE 0410.784.805
Tournai · Eq €1.04M
Maison culturelle d'Ath
BE 0419.600.026
Ath · Eq €1.05M
Of 640 companies in sector 90312 we hold annual accounts for 226. 156 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded25-11-2002
Fiscal year end31-12
Activities, NACEBEL
90312Arts creation and performing arts activities
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.