EXPRESS FREEZE
ActiveSummary
The computed 12-month bankruptcy probability of EXPRESS FREEZE is 5.3% (elevated). The 2024 annual accounts show equity of €218 and a net result of €-4k. Its solvency ranks better than 24% of 26043 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
20
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes
Profitability8
Solvency26
Growth-
Track record67
Bankruptcy probability, 12 months
5.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.33; short-term debt: 99.5% and cash: 2.7% of total assets), and 99.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
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 2024Solvency, return and age of the figures
Solvency
0.5%
Return on assets
-8.8%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 26043 sector peers (2024).
NBB · sector comparisonPosition among 26043 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-09-2025, 53 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 · 1 filingDeviation from the deadline
2024
53 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€218
Total assets
€43k
Net result
€-4k
Working capital
€-28k
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €43k
Fixed assets
€29k
Current assets
€14k
Equity and liabilities €43k
Equity
€218
Debt
€43k
Debt finances 99.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€-3k
Cash flow
€-3k
Current ratio
0.33
ROA
-8.8%
Interest coverage
-40.00
Debt ≤ 1 year
€43k
Equity ratios withheld: equity of €218 is too small for a meaningful ratio.
Filed annual accounts As filed with the NBB · 2024 · 32 lines
Balance sheet
Code2024
Assets
Total assets20/58€43k
Fixed assets21/28€29k
Tangible fixed assets22/27€15k
Furniture and vehicles24€15k
Financial fixed assets28€14k
Current assets29/58€14k
Amounts receivable within one year40/41€10k
Trade receivables40€10k
Other amounts receivable41€208
Cash at bank and in hand54/58€1k
Deferred charges and accrued income490/1€3k
Equity and liabilities
Total equity and liabilities10/49€43k
Equity10/15€218
Contributions10/11€4k
Profit (loss) carried forward14€-4k
Amounts payable17/49€43k
Amounts payable within one year42/48€43k
Trade debts44€1k
Suppliers440/4€1k
Other amounts payable47/48€42k
Income statement
Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€770
Other operating charges640/8€3k
Gross operating margin9900€-413
Operating profit (loss)9901€-4k
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€73
Recurring financial charges65€73
Profit (loss) for the period before taxes9903€-4k
Profit (loss) for the period9904€-4k
Profit (loss) for the period to be appropriated9905€-4k
Appropriation of the result
Profit (loss) to be appropriated9906€-4k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 53 days late
NBB filing
Directors · office · real estate
Directors
3 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, Brussel · 1 establishment unit since 2023
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.
Picardstraat 71000 BrusselGround area
4.4 ha
Building footprint
3.9 ha
Volume, LiDAR
615,702 m³
Parcel 21814P0441/00B000, Brussels · tallest building 34.0 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Picardstraat 7, 1000 Brussel
since 20232.360.888.938
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21814P0441/00B000 | Brussels | 4.4 ha | 1 · 3.9 ha | 34.0 m · 6 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.
Recognitions · licences · registrations
Parcel delivery
Notified to the BIPT
Similar companies · same sector, comparable size
L.A.S.
BE 0568.539.962
Ans · Eq €219
JLC AUTO
BE 1003.651.971
Herstal · Eq €221
ACTIVE CARS
BE 0787.796.584
Kraainem · Eq €236
BK AUTOMOBILE
BE 0798.269.121
Zaventem · Eq €243
KEMPENEER CAR
BE 0457.659.163
Anderlecht · Eq €246
Of 10,671 companies in sector 47811 we hold annual accounts for 5,222. 194 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-11-2023
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
53200Other postal and courier activities
47812Retail trade
46713Wholesale trade
49410Freight transport by road
49420Removal services
52250Logistics services
Sources
Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.