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EXPRESS LOGISTIC GROUP

Inactive
KBO/BCE: BE 0695.694.886

EXPRESS LOGISTIC GROUP was declared bankrupt on 23-06-2022 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed by liquidation by judgment of 02-07-2024, published in the Belgian State Gazette on 10-07-2024.

Summary

Inactive; last annual accounts for fiscal year 2019.

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EXPRESS LOGISTIC GROUPInactive
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Signals

Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Prior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.
Belgian State Gazette
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 17-12-2020, 139 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 · 1 filing
Deviation from the deadline
2019
139 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its 2019 accounts 139 days after the deadline; the Belgian median for financial year 2019 is on the deadline day, and 49% of all filings were late.

Checked, nothing found (1)
neutral · 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

History

EXPRESS LOGISTIC GROUP has filed annual accounts once, for fiscal year 2019.1 On 23 June 2022 the company was declared bankrupt; the bankruptcy was closed on 2 July 2024.23

  1. 1National Bank, annual accounts 2019
  2. 2Belgian State Gazette, 30-06-2022
  3. 3Belgian State Gazette, 10-07-2024

Financials · fiscal year 2019, micro schema

Equity
-€15,373
Total assets
€48,658
Net result
-€29,373
Working capital
-€16,025

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

Balance-sheet composition
Assets €48,658
Fixed assets €27,287
Current assets €21,371
Key figures and ratios
2019 value
EBITDA
€184
Cash flow
-€1,510
Solvency
-31.6%
Current ratio
0.57
Debt to equity
-1.73
ROA
-60.4%
Debt
€64,031
Debt ≤ 1 year
€37,396
Debt > 1 year
€26,635
Annual accounts
Filed annual accounts As filed with the NBB · 2019 · 21 lines
Balance sheet Code2019
Assets
Total assets20/58€48,658
Fixed assets21/28€27,287
Tangible fixed assets22/27€27,287
Current assets29/58€21,371
Amounts receivable within one year40/41€20,916
Equity and liabilities
Total equity and liabilities10/49€48,658
Equity10/15-€15,373
Contributions10/11€14,000
Profit (loss) carried forward14-€29,373
Amounts payable17/49€64,031
Amounts payable after more than one year17€26,635
Amounts payable within one year42/48€37,396
Trade debts44€15,795
Income statement Code2019
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27,863
Gross operating margin9900€44,638
Operating profit (loss)9901-€27,678
Recurring financial income75€5
Recurring financial charges65€1,700
Profit (loss) for the period before taxes9903-€29,373
Profit (loss) for the period9904-€29,373
Profit (loss) for the period to be appropriated9905-€29,373
Line2019
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27,863
Gross operating margin9900€44,638
Operating profit (loss)9901-€27,678
Recurring financial income75€5
Recurring financial charges65€1,700
Profit (loss) for the period before taxes9903-€29,373
Profit (loss) for the period9904-€29,373
Profit (loss) for the period to be appropriated9905-€29,373
Line2019
Assets
Total assets20/58€48,658
Fixed assets21/28€27,287
Tangible fixed assets22/27€27,287
Current assets29/58€21,371
Amounts receivable within one year40/41€20,916
Equity and liabilities
Total equity and liabilities10/49€48,658
Equity10/15-€15,373
Contributions10/11€14,000
Profit (loss) carried forward14-€29,373
Amounts payable17/49€64,031
Amounts payable after more than one year17€26,635
Amounts payable within one year42/48€37,396
Trade debts44€15,795
Line2019
Profit (loss) for the period9904-€29,373
+ Depreciation and write-downs630€27,863
Operating cash flow (approximation)-€1,510

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2024
10-07
Bankruptcy Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 02-07-2024
2022
30-06
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 23-06-2022
2020
17-12
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 139 days late
SignalNBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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

Insolvency mandates

1 mandate
Role Name Tenure
Curator DAVID ANNé
VAN IMMERSEELSTRAAT 66, 2018 ANTWERPEN 1
 23-06-2022 → 02-07-2024

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