Summary
EXPRESS TELECOM has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €58,962. Equity is growing by about 4.2% per year across the filed financial years. The computed 12-month bankruptcy probability is 1.1% (low).
Financials · financial year 2025, micro format
Equity
€58,962▼ 2.3%
2024 · €60,325
Total assets
€60,575▼ 9.5%
2024 · €66,968
Net result
-€1,821
2022 · €2,302
Working capital
€41,813▼ 32.0%
2024 · €61,527
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2023: a loss of €1,502 after €3,184 in 2022, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€1,502
2023
Net result-€1,821
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€60,575
2025
Equity€58,962
2025
Debt€1,613
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€41,813
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€656-€4,456▲ 579%€7,907▲ 77.4%€9,986▲ 26.3%€3,184▼ 68.1%-€1,502
Net result€579-€3,023▲ 422%€7,142▲ 136%€7,411▲ 3.8%€2,302▼ 68.9%-€1,821
Equity€42,267-€45,291▲ 7.2%€52,433▲ 15.8%€59,844▲ 14.1%€62,146▲ 3.8%€60,325▼ 2.9%€60,325=€58,962▼ 2.3%
Total assets€46,583-€50,066▲ 7.5%€61,931▲ 23.7%€67,141▲ 8.4%€67,760▲ 0.9%€66,968▼ 1.2%€66,968=€60,575▼ 9.5%
Debt€4,316-€4,776▲ 10.7%€9,498▲ 98.9%€7,297▼ 23.2%€5,614▼ 23.1%€6,644▲ 18.3%€6,644=€1,613▼ 75.7%
Working capital€41,118-€44,141▲ 7.4%€51,284▲ 16.2%€58,695▲ 14.5%€60,997▲ 3.9%€61,527▲ 0.9%€61,527=€41,813▼ 32.0%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €60,575
Fixed assets
€17,149 ▲ 1,392%
Current assets
€43,426 ▼ 34.0%
Equity and liabilities €60,575
Equity
€58,962 ▼ 2.3%
Debt
€1,613 ▼ 75.7%
Debt's share of the balance-sheet total falls from 9.9% to 2.7%. Equity and debt are lower.
Key figures and ratios
Current ratio
26.92▲
2024 · 15.33
Quick ratio
21.80▲
2024 · 13.41
Debt to equity
0.03▼
2024 · 0.11
Debt ≤ 1 year
€1,613▼
2024 · €4,292
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,000 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €30 | €460 | €156 | - | - | - |
| Gross operating margin9900 | €1,801 | €4,605 | €8,056 | €10,016 | €3,644 | -€1,345 | - | - | - |
| Operating profit (loss)9901 | €656 | €4,456 | €7,907 | €9,986 | €3,184 | -€1,502 | - | - | - |
| Financial income75/76B | - | - | - | - | €0 | €22 | - | - | - |
| Recurring financial income75 | €0 | - | - | - | €0 | €22 | - | - | - |
| Financial charges65/66B | - | - | - | €136 | €208 | €342 | - | - | - |
| Recurring financial charges65 | €101 | €42 | €50 | €136 | €208 | €342 | - | - | - |
| Profit (loss) for the period before taxes9903 | €555 | €4,415 | €7,857 | €9,850 | €2,976 | -€1,821 | - | - | - |
| Income taxes67/77 | -€24 | €1,391 | €714 | €2,439 | €674 | - | - | - | - |
| Profit (loss) for the period9904 | €579 | €3,023 | €7,142 | €7,411 | €2,302 | -€1,821 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €579 | €3,023 | €7,142 | €7,411 | €2,302 | -€1,821 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €46,583 | €50,066 | €61,931 | €67,141 | €67,760 | €66,968 | €66,968 | €60,575 | ▼ 9.5% |
| Fixed assets21/28 | €1,149 | €1,149 | €1,149 | €1,149 | €1,149 | €1,149 | €1,149 | €17,149 | ▲ 1,392% |
| Tangible fixed assets22/27 | - | - | - | - | - | - | - | €16,000 | - |
| Furniture and vehicles24 | - | - | - | - | - | - | - | €16,000 | - |
| Financial fixed assets28 | €1,149 | €1,149 | €1,149 | €1,149 | €1,149 | €1,149 | €1,149 | €1,149 | = |
| Current assets29/58 | €45,434 | €48,917 | €60,781 | €65,992 | €66,611 | €65,819 | €65,819 | €43,426 | ▼ 34.0% |
| Stocks and contracts in progress3 | €8,889 | €8,762 | €8,605 | €7,974 | €8,114 | €8,259 | €8,259 | €8,259 | = |
| Stocks30/36 | - | - | - | €7,974 | €8,114 | €8,259 | €8,259 | €8,259 | = |
| Amounts receivable within one year40/41 | €15,886 | €17,905 | €17,102 | €17,575 | €16,614 | €15,843 | €15,843 | €6,444 | ▼ 59.3% |
| Trade receivables40 | - | - | - | - | €28 | - | - | - | - |
| Other amounts receivable41 | - | - | - | €17,575 | €16,586 | €15,843 | €15,843 | €6,444 | ▼ 59.3% |
| Cash at bank and in hand54/58 | €19,649 | €21,100 | €33,452 | €38,172 | €39,585 | €35,616 | €35,616 | €28,723 | ▼ 19.4% |
| Deferred charges and accrued income490/1 | - | - | - | €2,271 | €2,298 | €6,101 | €6,101 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €46,583 | €50,066 | €61,931 | €67,141 | €67,760 | €66,968 | €66,968 | €60,575 | ▼ 9.5% |
| Equity10/15 | €42,267 | €45,291 | €52,433 | €59,844 | €62,146 | €60,325 | €60,325 | €58,962 | ▼ 2.3% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €4,016 | €7,039 | €14,181 | €21,593 | €21,593 | €21,593 | €21,593 | €21,593 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €19,733 | €19,733 | €19,733 | €19,733 | €19,733 | = |
| Profit (loss) carried forward14 | €19,652 | €19,652 | €19,652 | €19,652 | €21,953 | €20,132 | €20,132 | €18,769 | ▼ 6.8% |
| Amounts payable17/49 | €4,316 | €4,776 | €9,498 | €7,297 | €5,614 | €6,644 | €6,644 | €1,613 | ▼ 75.7% |
| Amounts payable within one year42/48 | €4,316 | €4,776 | €9,498 | €7,297 | €5,614 | €4,292 | €4,292 | €1,613 | ▼ 62.4% |
| Trade debts44 | €3,016 | €1,302 | €840 | €1,087 | €2,076 | €425 | €425 | €572 | ▲ 34.6% |
| Suppliers440/4 | - | - | - | €1,087 | €2,076 | €425 | €425 | €572 | ▲ 34.6% |
| Taxes, remuneration and social security45 | - | - | - | €6,210 | €3,538 | €3,867 | €3,867 | €900 | ▼ 76.7% |
| Taxes450/3 | - | - | - | €3,353 | €2,238 | €2,567 | €2,567 | - | - |
| Remuneration and social security454/9 | - | - | - | €2,857 | €1,300 | €1,300 | €1,300 | €900 | ▼ 30.8% |
| Other amounts payable47/48 | - | - | - | - | - | - | - | €141 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €2,351 | €2,351 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €579 | €3,023 | €7,142 | €7,411 | €2,302 | -€1,821 | - | - | - |
| Operating cash flow (approximation) | €579 | €3,023 | €7,142 | €7,411 | €2,302 | -€1,821 | - | - | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | -€16,000 | - |
| Change in cash | - | €1,451 | €12,352 | €4,720 | €1,413 | -€3,969 | €0 | -€6,893 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Public contracts: not fully processed yet. The notices from December 2022 to September 2026 are still being read.