Express Global
The computed 12-month bankruptcy probability of Express Global is 3.3% (moderate). The 2024 annual accounts show negative equity (€-464k) and a net result of €-343k. Equity is shrinking by ~97.7% per year across the filed fiscal years. Its solvency ranks better than 15% of 116 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-464k |
| Net result | €-343k |
| Staff (FTE) | 12.1 |
| Better than sector | 15% |
Mixed profile: strong on profitability, weaker on health.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -15.3% | 20.8% | |
| Net result | €-343k | €21k | |
| Equity | €-464k | €144k | |
| Gross operating margin | €770k | €203k | |
| Staff costs | €1.03M | €236k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €-278k |
| Net profit | €-343k |
| Cash flow | €-332k |
| Staff costs | €1.03M |
| Income taxes | €-108 |
| Dividends | - |
| Total assets | €3.03M |
| Equity | €-464k |
| Debt | €3.50M |
| of which ≤ 1y | €3.07M |
| of which > 1y | €390k |
| Working capital | €-69k |
| Employees (FTE) | 12.1 |
| 2024 | |
|---|---|
| Current ratio | 0.98 |
| Quick ratio | 0.98 |
| Working capital ratio | -2.3% |
| Solvency | -15.3% |
| Debt / equity | -7.54 |
| Long-term debt ratio | -0.84 |
| Interest coverage | -5.12 |
| Gross margin | - |
| Net margin | - |
| ROA | -11.3% |
| ROE | 74.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €3.03M |
| Fixed assets | 21/28 | €31k |
| Tangible fixed assets | 22/27 | €25k |
| Financial fixed assets | 28 | €6k |
| Current assets | 29/58 | €3.00M |
| Amounts receivable within one year | 40/41 | €2.81M |
| Cash & bank | 54/58 | €192k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €3.03M |
| Equity | 10/15 | €-464k |
| Contributions / capital | 10/11 | €20k |
| Accumulated profits (losses) | 14 | €-484k |
| Amounts payable | 17/49 | €3.50M |
| Amounts payable after one year | 17 | €390k |
| Amounts payable within one year | 42/48 | €3.07M |
| Trade debts payable within one year | 44 | €2.45M |
| Income statement | ||
| Gross operating margin | 9900 | €770k |
| Operating result | 9901 | €-290k |
| Financial income | 75 | €892 |
| Financial charges | 65 | €54k |
| Result before taxes | 9903 | €-343k |
| Income taxes | 67/77 | €-108 |
| Net result for the period | 9904 | €-343k |
| Result to be appropriated | 9905 | €-343k |
Former directors (1)
-
Former12-04-2022 → 03-03-2025
2 events
- 03-03-2025 Resigned· Director
- 12-04-2022 Appointed· Director
| NACE primary | 52250 |
| Legal form | Private limited company(610) |
| Incorporation | 03-03-2022 |
| Status | Active |
| Postal code | 2000 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1212/00X008 | Flanders | 363 m² | 1 · 363 m² | 32.0 m · 9 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
24-10-2025 Johan Proost resigns as director
- Johan Proost, Bestuurder
Technical details
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"effective_date": "2025-03-03",
"evidence_quote": "De vergadering nam kennis van het ontslag, met ingang van 03 maart 2025 van de heer Johan Proost, wonende te Hopland 19 bus 5, 2000 Antwerpen, als bestuurder van de vennootschap."
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}15-06-2022 Proost Johan appointed as director
- Proost Johan, Bestuurder
Technical details
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}10-06-2022 Proost Johan appointed as director
- Proost Johan, Bestuurder
Technical details
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}17-05-2022 Registered office moved within Antwerpen
- Indiëstraat 28, 2000 Antwerpen → Frankrijklei 37, 2000 Antwerpen
Technical details
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"country": "BE",
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},
"effective_date": "2022-04-15",
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}07-03-2022 Incorporation of a new BV
Technical details
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"founders": [
{
"org": {
"kbo": "0781.661.434",
"name": "Archimede Gruden S.r.l."
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"holder_org_kbo": "0781.661.434",
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"contribution_type": "cash",
"amount_paid_in_eur": 10000,
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],
"capital_eur": 20000,
"subject_company": {
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"initial_directors": [],
"incorporation_date": "2022-02-23",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | Express Global |