Checked.be
Active
BE 0753.407.215Private limited company
Express Olmen
Veldstraat 1 ·2491 Balen, Belgium· 6 yrs active
Sector: Non-specialised retail sale with food, beverages or tobacco predominating
(47110)
Conclusion
The computed 12-month bankruptcy probability of Express Olmen is 2.5% (moderate). The 2025 annual accounts show negative equity (€-97k) and a net result of €-109k. Equity is shrinking by ~47.2% per year across the filed fiscal years. Its solvency ranks better than 15% of 17366 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €-97k |
| Net result | €-109k |
| Staff (FTE) | 2.4 |
| Better than sector | 15% |
Financial profile
55
/ 100
Mixed profile: strong on profitability, weaker on health.
All 5 axes are computed from data Checked has read.
Health
7
Profitability
100
Solvency
36
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2020, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
7
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
negative equity or figures too weak
Score history
63
2021
20
2022
23
2023
15
2024
7
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.64 (< 1.0)
-10
Quick ratio
Quick ratio 0.49 (< 0.6)
-5
Equity
Negative equity
-25
Profitability
ROE 112% (≥ 10%)
+10
Interest coverage
Interest coverage -2.2× (< 1.5×)
-10
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 30-04-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile
Too volatile to project: the yearly deviation from the trend is ~68% of the level (threshold 35%). We therefore deliberately show no projection line.
How do we compute this?
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).
Sector comparison
Fiscal year 2025 · NACE 47, Retail trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -26.1% | 34.6% | |
| Net result | €-109k | €5k | |
| Equity | €-97k | €44k | |
| Gross operating margin | €35k | €34k | |
| Staff costs | €76k | €40k |
€-42k
-
21-25
€-109k
-292.0%
21-25
€-58k
-
21-25
€373k
+1.5%
21-25
€-97k
-
21-25
€-151k
-188.3%
21-25
2
-14.3%
21-25
€76k
+12.7%
21-25
€131
-
21-25
€470k
+32.2%
21-25
€418k
+59.2%
21-25
€52k
-43.9%
21-25
0.64
-20.2%
21-25
0.49
-8.2%
21-25
-26.1%
-
21-25
-4.83
-
21-25
111.9%
-
21-25
-29.2%
-286.0%
21-25
-2.22
-
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €-42k | €37k | €44k | €25k | €74k |
| Net profit | €-109k | €-28k | €-21k | €-29k | €11k |
| Cash flow | €-58k | €23k | €29k | €20k | €63k |
| Staff costs | €76k | €67k | €66k | €54k | €31k |
| Income taxes | - | - | - | - | €131 |
| Dividends | - | - | - | - | - |
| Total assets | €373k | €367k | €387k | €457k | €508k |
| Equity | €-97k | €12k | €39k | €60k | €90k |
| Debt | €470k | €356k | €348k | €396k | €418k |
| of which ≤ 1y | €418k | €262k | €215k | €224k | €207k |
| of which > 1y | €52k | €93k | €133k | €173k | €211k |
| Working capital | €-151k | €-52k | €-33k | €-21k | €21k |
| Employees (FTE) | 2.4 | 2.8 | 2.2 | 1.6 | 1.2 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.64 | 0.80 | 0.85 | 0.91 | 1.10 |
| Quick ratio | 0.49 | 0.53 | 0.51 | 0.56 | 0.80 |
| Working capital ratio | -40.5% | -14.3% | -8.6% | -4.5% | 4.1% |
| Solvency | -26.1% | 3.2% | 10.2% | 13.2% | 17.7% |
| Debt / equity | -4.83 | 30.73 | 8.84 | 6.55 | 4.66 |
| Long-term debt ratio | -0.54 | 8.05 | 3.39 | 2.85 | 2.35 |
| Interest coverage | -2.22 | 2.69 | 2.98 | 3.30 | 7.12 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -29.2% | -7.6% | -5.5% | -6.4% | 2.1% |
| ROE | 111.9% | -240.1% | -53.7% | -48.4% | 12.0% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €373k | €367k | €387k | €457k | €508k |
| Fixed assets | 21/28 | €106k | €157k | €206k | €254k | €280k |
| Tangible fixed assets | 22/27 | €101k | €152k | €201k | €249k | €275k |
| Financial fixed assets | 28 | €5k | €5k | €5k | €5k | €5k |
| Current assets | 29/58 | €267k | €210k | €181k | €203k | €228k |
| Stocks & contracts in progress | 3 | €64k | €71k | €72k | €77k | €61k |
| Amounts receivable within one year | 40/41 | €117k | €58k | €11k | €30k | €44k |
| Cash & bank | 54/58 | €86k | €81k | €97k | €93k | €120k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €373k | €367k | €387k | €457k | €508k |
| Equity | 10/15 | €-97k | €12k | €39k | €60k | €90k |
| Contributions / capital | 10/11 | €79k | €79k | €79k | €79k | €79k |
| Accumulated profits (losses) | 14 | €-176k | €-67k | €-40k | €-19k | €11k |
| Amounts payable | 17/49 | €470k | €356k | €348k | €396k | €418k |
| Amounts payable after one year | 17 | €52k | €93k | €133k | €173k | €211k |
| Amounts payable within one year | 42/48 | €418k | €262k | €215k | €224k | €207k |
| Trade debts payable within one year | 44 | €364k | €197k | €152k | €169k | €106k |
| Income statement | ||||||
| Gross operating margin | 9900 | €35k | €105k | €111k | €80k | €105k |
| Operating result | 9901 | €-93k | €-15k | €-6k | €-24k | €21k |
| Financial income | 75 | €3k | €25 | €30 | €2k | €159 |
| Financial charges | 65 | €19k | €14k | €15k | €8k | €10k |
| Result before taxes | 9903 | €-109k | €-28k | €-21k | €-29k | €11k |
| Income taxes | 67/77 | - | - | - | - | €131 |
| Net result for the period | 9904 | €-109k | €-28k | €-21k | €-29k | €11k |
| Result to be appropriated | 9905 | €-109k | €-28k | €-21k | €-29k | €11k |
Legal Structure
| NACE primary | Non-specialised retail sale with food, beverages or tobacco predominating(47110) |
| Legal form | Private limited company(610) |
| Incorporation | 27-08-2020 |
| Status | Active |
| Postal code | 2491 |
Establishment units
Express Olmen
since 20202.306.234.089
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13030B0851/00Y000 | Flanders | 2,199 m² | 1 · 1,009 m² | 3.8 m |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-109k
Net result drops to €-109k, the lowest in the series.
02-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 2 days late
2024
03-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 369 days late
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
Non-specialised retail sale with food, beverages or tobacco predominating47110Retail trade47113
Names & trade names
| Legal nameNL | Express Olmen |
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