EXPRESS GLOBAL SERVICES

Active

Private limited companyfounded 20224 yrs activeLeuvensesteenweg 510C, 1930 Zaventem, BelgiumKBO/BCE: BE 0788.815.678

The computed 12-month bankruptcy probability of EXPRESS GLOBAL SERVICES is 3.4% (moderate). The 2024 annual accounts show equity of €62k and a net result of €60k. Equity is growing by ~1103.8% per year across the filed fiscal years. Its solvency ranks better than 36% of 1850 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

52 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100▲+35

Solvency56▲+21

Growth78=

Track record94

Bankruptcy probability, 12 months

3.4% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €3k at 30 days only on tighter terms

Liquidity tight (current ratio 1.01 against 0.09 in 2023; short-term debt: 68.8% and cash: 1.1% of total assets), and 68.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 49

Relative position

BE, all sectors

reference

Sector 49

higher

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 2024

Solvency, return and age of the figures

Solvency

31.2%

Return on assets

29.8%

Age of the figures

21 mo

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-09-2026, 403 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 3 filings

Deviation from the deadline

2025

not confirmed

2024

403 d late

2023

23 d early

2022

168 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Turnover

€147k

2022 · €0

2022: €0

2022 → 2023

EBIT margin

2.0%

Net result

€60k▲ 2,008%

2023 · €3k

2022: €-3k 2023: €3k

2022 → 2024

Working capital

€1k

2023 · €-24k

2023: €-24k

2023 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Turnover€0-€147k

Equity€0-€3k€62k▲ 2,108%

Operating result€-3k-€3k€81k▲ 2,603%

Net result€-3k-€3k€60k▲ 2,008%

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has risen two years in a row; 2024 is 2,603% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €200k

30.7%

69.3%

Fixed assets €61k▲ 125%

Current assets €138k▲ 5,434%

Equity and liabilities €200k

31.2%

68.8%

Equity €62k▲ 2,108%

Debt €137k▲ 411%

The debt ratio falls from 90.5% to 68.8%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€94k▲

2023 · €5k

Cash flow

€73k▲

2023 · €5k

Solvency

31.2%▲

2023 · 9.5%

Current ratio

1.01▲

2023 · 0.09

Quick ratio

1.01▲

2023 · 0.09

Debt / equity

2.20▼

2023 · 9.51

ROE

95.5%▼

2023 · 100.0%

ROA

29.8%▲

2023 · 9.5%

Interest coverage

288.08▲

2023 · 85.95

Debt

€137k▲

2023 · €27k

Debt ≤ 1 year

€137k▲

2023 · €27k

Income taxes

€21k▲

2023 · €108

Staff costs

€50k▲

2023 · €7k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€30k€200k▲

Fixed assets21/28€27k€61k▲

Tangible fixed assets22/27€27k€37k▲

Furniture and vehicles24€17k€37k▲

Assets under construction and advance payments27€10k-

Financial fixed assets28-€24k

Current assets29/58€3k€138k▲

Amounts receivable within one year40/41€3k€136k▲

Trade receivables40€3k€64k▲

Other amounts receivable41-€72k

Cash at bank and in hand54/58€2€2k▲

Equity and liabilities

Total equity and liabilities10/49€30k€200k▲

Equity10/15€3k€62k▲

Contributions10/11€3k€3k=

Capital10€3k€3k=

Issued capital100€3k€3k=

Reserves13€141€141=

Non-distributable reserves130/1€141€141=

Legal reserve130€141€141=

Profit (loss) carried forward14€184€60k▲

Amounts payable17/49€27k€137k▲

Amounts payable within one year42/48€27k€137k▲

Trade debts44€19k€84k▲

Suppliers440/4€19k€84k▲

Taxes, remuneration and social security45€8k€54k▲

Taxes450/3€6k€50k▲

Remuneration and social security454/9€2k€4k▲

Income statement Code20232024

Turnover70€147k-

Goods, raw materials, services and sundry goods60/61€134k-

Remuneration, social security and pensions62€7k€50k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€13k▲

Other operating charges640/8-€9k

Gross operating margin9900€12k€154k▲

Operating profit (loss)9901€3k€81k▲

Financial charges65/66B€58€327▲

Recurring financial charges65€58€327▲

Profit (loss) for the period before taxes9903€3k€81k▲

Income taxes67/77€108€21k▲

Profit (loss) for the period9904€3k€60k▲

Profit (loss) for the period to be appropriated9905€3k€60k▲

Appropriation of the result

Profit (loss) to be appropriated9906€325€60k▲

Profit (loss) brought forward from the previous period14P€-3k€184▲

Transfer to equity691/2€141-

To the legal reserve6920€141-

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 3Filings 4

2026

07-09

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 403 days late

2024

31-12

Financial Highest result since 2022net €60k ▲2008%

Operating result €81k, net result €60k, both a record.

31-12

Financial Liquidity times 11current ratio 1.01

Current ratio from 0.09 to 1.01.

09-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

08-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

15-01

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 168 days late

2023

31-12

Financial Back to profitnet €3k

Net result €3k after one loss-making year.

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2022

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

07-11-2022 Resigned as Director

Location & real-estate footprint

Registered office, Zaventem · 1 establishment unit since 2022

establishment The establishment unit on the map

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.

Leuvensesteenweg 510C1930 Zaventem

Ground area

5,703 m²

Building footprint

1,345 m²

Volume, LiDAR