EXPRESS 17
ActiveThe file of EXPRESS 17 contains 1 judicial reorganisation, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 23.1% (high). The 2025 annual accounts show negative equity (-€153,062) and a net result of €2,509. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 5% of 13560 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2023
Profitability79▲+79
Solvency0=
Growth58▲+26
Track record60
Bankruptcy probability, 12 months
23.1%
High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.05 against 0.06 in 2023; short-term debt: 608.3% and cash: 17.4% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+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 · 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 2025Solvency, return and age of the figures
Solvency
-508.3%
Return on assets
8.3%
Age of the figures
15 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 13560 sector peers (2025).
NBB · sector comparisonPosition among 13560 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2023
39 d late
2022
25 d early
2021
9 d early
2019
on the day
2018
1 d early
2017
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average on the deadline day; the sector median for financial year 2023 is 14 days after the deadline, and 55% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€153,062▲ 7.2%
2023 · -€164,941
Total assets
€30,111▼ 15.0%
2023 · €35,444
Net result
€2,509
2023 · -€16,678
Working capital
-€173,626▲ 8.1%
2023 · -€188,831
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
Line20192021202220232025
Operating result€5,089--€17,960--€4,126▲ 77.0%-€15,263▼ 270%€3,842-
Net result€2,045--€2,206within the sector's middle half-€2,423within the sector's middle half-€16,678below the sector's middle half€2,509within the sector's middle half-
Equity-€138,890--€150,686below the sector's middle half--€148,263below the sector's middle half▲ 1.6%-€164,941below the sector's middle half▼ 11.2%-€153,062below the sector's middle half-
Total assets€78,417-€30,937below the sector's middle half-€36,903below the sector's middle half▲ 19.3%€35,444below the sector's middle half▼ 4.0%€30,111below the sector's middle half-
Debt€217,307-€181,623-€185,166▲ 2.0%€200,385▲ 8.2%€183,173-
Working capital-€178,178--€174,977--€174,462▲ 0.3%-€188,831▼ 8.2%-€173,626-
Solvency-177.1%--487.1%below the sector's middle half--401.8%below the sector's middle half▲ 85.3pp-465.4%below the sector's middle half▼ 63.6pp-508.3%below the sector's middle half-
Staff (FTE)0.7-0.5-1▲ 100%2.8▲ 180%4.2-
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 is €3,842 in 2025, compared with -€15,263 in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €30,111
Fixed assets
€20,564 ▼ 13.9%
Current assets
€9,547 ▼ 17.4%
Key figures and ratios
EBITDA
€5,155▲
2023 · -€12,954
Cash flow
€3,822▲
2023 · -€14,369
Current ratio
0.05▼
2023 · 0.06
Quick ratio
0.04▼
2023 · 0.04
Debt to equity
-1.20▲
2023 · -1.21
ROA
8.3%▲
2023 · -47.1%
Interest coverage
12.32▲
2023 · -27.63
Debt ≤ 1 year
€183,173▼
2023 · €200,385
Income taxes
€914▼
2023 · €971
Staff costs
€15,375▼
2023 · €22,029
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €20,586 | €22,029 | €15,375 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,612 | €5,785 | €2,500 | €2,310 | €1,313 | - |
| Other operating charges640/8 | - | - | €1,361 | €1,327 | €545 | - |
| Gross operating margin9900 | €50,159 | -€3,099 | €20,320 | €10,402 | €21,075 | - |
| Operating profit (loss)9901 | €5,089 | -€17,960 | -€4,126 | -€15,263 | €3,842 | - |
| Financial income75/76B | - | - | €11,856 | €26 | - | - |
| Recurring financial income75 | €516 | €0 | €334 | €26 | - | - |
| Non-recurring financial income76B | - | - | €11,522 | - | - | - |
| Financial charges65/66B | - | - | €1,707 | €469 | €418 | - |
| Recurring financial charges65 | €1,396 | €2,247 | €1,707 | €469 | €418 | - |
| Profit (loss) for the period before taxes9903 | €4,209 | -€2,206 | €6,023 | -€15,707 | €3,423 | - |
| Income taxes67/77 | €2,164 | - | €3,600 | €971 | €914 | - |
| Profit (loss) for the period9904 | €2,045 | -€2,206 | €2,423 | -€16,678 | €2,509 | - |
| Profit (loss) for the period to be appropriated9905 | €2,045 | -€2,206 | €2,423 | -€16,678 | €2,509 | - |
| Line | 2019 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €78,417 | €30,937 | €36,903 | €35,444 | €30,111 | - |
| Fixed assets21/28 | €39,288 | €24,291 | €26,199 | €23,890 | €20,564 | - |
| Tangible fixed assets22/27 | €23,800 | €8,803 | €10,712 | €8,402 | €5,077 | - |
| Plant, machinery and equipment23 | - | - | €248 | - | - | - |
| Other tangible fixed assets26 | - | - | €10,464 | €8,402 | €5,077 | - |
| Financial fixed assets28 | €15,488 | €15,488 | €15,488 | €15,488 | €15,488 | - |
| Current assets29/58 | €39,129 | €6,646 | €10,704 | €11,554 | €9,547 | - |
| Stocks and contracts in progress3 | €3,573 | €1,925 | €3,028 | €3,181 | €2,644 | - |
| Stocks30/36 | - | - | €3,028 | €3,181 | €2,644 | - |
| Amounts receivable within one year40/41 | €32,204 | €3,674 | €4,291 | €904 | €1,670 | - |
| Trade receivables40 | - | - | €149 | €74 | €65 | - |
| Other amounts receivable41 | - | - | €4,141 | €830 | €1,605 | - |
| Cash at bank and in hand54/58 | €3,352 | €1,047 | €3,385 | €6,989 | €5,233 | - |
| Deferred charges and accrued income490/1 | - | - | - | €480 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €78,417 | €30,937 | €36,903 | €35,444 | €30,111 | - |
| Equity10/15 | -€138,890 | -€150,686 | -€148,263 | -€164,941 | -€153,062 | - |
| Contributions10/11 | €30,000 | - | €30,000 | €30,000 | €30,000 | - |
| Reserves13 | €21,937 | €21,937 | €21,937 | €21,937 | €21,937 | - |
| Non-distributable reserves130/1 | - | - | €3,000 | €3,000 | €3,000 | - |
| Reserves not available under the articles1311 | - | - | €3,000 | €3,000 | €3,000 | - |
| Tax-exempt reserves132 | - | - | €18,937 | €18,937 | €18,937 | - |
| Profit (loss) carried forward14 | -€190,827 | -€202,623 | -€200,200 | -€216,878 | -€204,999 | - |
| Amounts payable17/49 | €217,307 | €181,623 | €185,166 | €200,385 | €183,173 | - |
| Amounts payable within one year42/48 | €217,307 | €181,623 | €185,166 | €200,385 | €183,173 | - |
| Trade debts44 | €86,129 | €46,852 | €45,232 | €39,545 | €18,875 | - |
| Suppliers440/4 | - | - | €45,232 | €39,545 | €18,875 | - |
| Taxes, remuneration and social security45 | - | - | €25,097 | €18,510 | €13,611 | - |
| Taxes450/3 | - | - | €24,777 | €17,801 | €13,396 | - |
| Remuneration and social security454/9 | - | - | €320 | €708 | €214 | - |
| Other amounts payable47/48 | - | - | €114,836 | €142,331 | €150,687 | - |
| Line | 2019 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,045 | -€2,206 | €2,423 | -€16,678 | €2,509 | - |
| + Depreciation and write-downs630 | €16,612 | €5,785 | €2,500 | €2,310 | €1,313 | - |
| Operating cash flow (approximation) | €18,657 | €3,579 | €4,923 | -€14,369 | €3,822 | - |
| Investment in fixed assets (approximation) | - | - | -€4,408 | €0 | - | - |
| Change in cash | - | - | €2,339 | €3,603 | - | - |
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
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €2,509
Net result €2,509 after one loss-making year.
2024
10-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 39 days late
2023
30-06
Financial
Weakest financial yearnet -€16,678
Net result drops to -€16,678, the lowest in the series; recovery starts the following year.
06-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €2,423
Net result €2,423 after one loss-making year.
22-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
11-02
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 11 days late
2015
23-11
Judicial reorganisation
Plan homologation
Tribunal de commerce du Hainaut
13-02
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 13 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Mouscron · 1 establishment unit since 2010
Ground area
2,858 m²
Building footprint
331 m²
Volume, LiDAR
2,061 m³
Parcel 54006M0588/00A000, Wallonia · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Express 17
since 20102.189.831.616
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54006M0588/00A000 | Wallonia | 2,858 m² | 1 · 331 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMouscron/Moeskroen2.189.831.616
Similar companies · same sector and region
3 CORNERS
BE 0827.755.438
Mouscron
AFRODIT
BE 0866.491.496
Mouscron
AM FOOD
BE 1011.731.576
Mouscron
ANNIKO
BE 0841.056.019
Mouscron
ANTARES
BE 0464.088.877
Mouscron
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 21,859 companies in sector 56112 we hold annual accounts for 9,782. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded20-05-2010
Fiscal year end30-06
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0826021316
Also
9925:BE0826021316
Registered
18-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.