Equity
-€33,221
Debts exceed assets in financial year 2025.
DG EXPRESS
Lifetime
10 annual accounts with figures on one time axispeak €169,553 (2021)
€28,480▼ 67.8%
lowest -€54,442 (2025)
-€54,442▼ €21,295
peak €57,818 (2022)
-€33,221▼ €54,442
€164,654▲ 3.5%
peak 4 FTE (2020)
-not published
Board1 name since 2015
1 directorGHARAKESHISHYAN Davit
Documentsfilings and deeds
20-08-202620 days late
2025micro format
Gross margin from €88,537 to €28,480Loss of €54,442Equity from €21,221 to -€33,221
Key points
from the 2025 annual accountsLosses
-€91,039 in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€164,654 125% of the balance sheet
Suppliers 84%Taxes and wages 11%Other 5%
Of this, €163,691 falls due within a year.
Staff
3 employees on 31-12-2025
In 2025, 3 people joined and 4 left.
Liquidity
0.38 was 0.83 in 2024
Short-term debts rose from €128,187 to €163,691.
Position in the sector
-€54,442
Lower net result than 95% of companies in retail trade. Sector median €5,048 · 22,907 companies.
2025 accounts filed 20 days after the deadline
Checked score
49
Fair
Financially stronger than 13% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.8% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%
01-2025: 0.9%● unchanged vs 12-2024
02-2025: 0.9%● unchanged vs 01-2025
03-2025: 0.9%● unchanged vs 02-2025
04-2025: 0.9%● unchanged vs 03-2025
05-2025: 0.9%● unchanged vs 04-2025
06-2025: 0.8%▼ -0.1 percentage points vs 05-2025
07-2025: 0.8%● unchanged vs 06-2025lowest value
08-2025: 1.9%▲ +1.1 percentage points vs 07-2025
09-2025: 1.9%● unchanged vs 08-2025
10-2025: 1.9%● unchanged vs 09-2025
11-2025: 1.9%● unchanged vs 10-2025
12-2025: 1.9%● unchanged vs 11-2025
01-2026: 1.8%▼ -0.1 percentage points vs 12-2025
02-2026: 1.8%● unchanged vs 01-2026
03-2026: 1.8%● unchanged vs 02-2026
04-2026: 1.9%▲ +0.1 percentage points vs 03-2026
05-2026: 1.7%▼ -0.2 percentage points vs 04-2026
06-2026: 1.7%● unchanged vs 05-2026
07-2026: 2.5%▲ +0.8 percentage points vs 06-2026
08-2026: 3.1%▲ +0.6 percentage points vs 07-2026highest value
09-2026: 2.8%▼ -0.3 percentage points vs 08-2026
10-2026: 2.8%● unchanged vs 09-2026
11-2026: 2.8%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Negative equity -€33,221
Loss of €54,442, the second in a row (financial year 2025)
1 change of registered office in 24 months
lowers risk
Size: total assets €131,433
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 6% of them on solvency, 37% on liquidity, 6% on profitability and 2% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,907 companies had the same profile as DG EXPRESS has now. Each dot stands for 18 companies, two years later.
85.4%
were still trading
8.1%
stopped another way
5.8%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DG EXPRESS itself: 2.8% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,907 companies, not a prediction for DG EXPRESS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.38 (0.83 in 2024), below 1. Short-term debt is 124.5% and cash 31.6% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€33,221
raises risk · 2025 accounts filed 20 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
20 days late
2024
17 days early
2023
1 day early
2022
31 days late
2021
31 days late
2020
11 days early
2019
24 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 4 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved from Edegem to Antwerp
New registered office: Walenstraat 69, 2060 Antwerpen · Previous registered office: Hazeschransstraat 35, 2650 Edegem, België · General meeting of 15-06-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0642931935
Resignation: GHARAKESHISHYAN Davit (director)
Reappointment: GHARAKESHISHYAN Davit (director) · General meeting of 07-12-2023 · Gazette deed
Incorporation
published on 19-11-2015 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DG EXPRESS Antwerp | €131,433 | €28,480 | -25.3% | - |
| Kurana Geel | €121,124 | €26,404 | 26.7% | - |
| PS Antwerp | €140,239 | €25,830 | 55.4% | - |
| LAL JI Antwerp | €122,479 | €32,987 | 27.5% | - |
| Jannat-Faliha Antwerp | €150,622 | €29,846 | -1.2% | - |
| MG Antwerp | €140,589 | €34,105 | 40.5% | - |
| RAGAI EXPRESS Antwerp | €151,211 | €25,538 | 84.9% | - |
These companies have the same main activity as DG EXPRESS: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €121,000 and €151,000, founded between 2014 and 2016.
Official details
Source: KBO- Status
- Active since 17-11-2015Normal situation
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominatingNACE 47110
- Joint committee
- 201Independent retail · annual accounts 2025
- Establishment unit
- 2.247.632.3322060 Antwerp, since 17-11-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 03-03-2026
Annual accounts 2025
- ≈ €330,000estimated
- €131,433▼ 27.1%
- Employeeson 31-12-2025
- 3▼ 25.0%
- Filing
- Filed on 20-08-2026
Insights on DG EXPRESS
DG EXPRESS files the micro format. That format states no turnover. The gross margin fell from €56,002 in 2016 to €28,480 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about DG EXPRESS
- What is the company number of DG EXPRESS?
- The company number of DG EXPRESS is 0642.931.935. The VAT number is the same number with BE in front: BE 0642.931.935.
- Where is DG EXPRESS based?
- The registered office is at Walenstraat 69, 2060 Antwerp.Company details
- What does DG EXPRESS do?
- According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
- What is the legal form of DG EXPRESS?
- DG EXPRESS is a private limited company (BV).
- When was DG EXPRESS founded?
- DG EXPRESS was founded on 17-11-2015.
- Is DG EXPRESS still active?
- Yes, DG EXPRESS is an active enterprise in the KBO register.
- How many employees does DG EXPRESS have?
- DG EXPRESS had an average of 3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does DG EXPRESS fall under?
- In its 2025 annual accounts, DG EXPRESS states joint committee 201 (Independent retail).
- What is the turnover of DG EXPRESS?
- The turnover in financial year 2025 is ≈ €330,000. This figure is estimated from the gross margin of €28,480 and 168 comparable companies (NACE 47110). It probably lies between €220,000 and €510,000.
- Is DG EXPRESS profitable?
- In financial year 2025, DG EXPRESS made a loss of €54,442.
- Where can I find the annual accounts of DG EXPRESS?
- DG EXPRESS filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of DG EXPRESS due?
- DG EXPRESS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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