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).
Overview
Activity
Activity not known1 site
Size
€60,575total assets 2025
- Equity
- €58,962
Turnover not published (micro format)
Financial health
- Bankruptcy probabilitywithin 12 months
- 1.1%
Too few figures to score
Structure
Accounts filed 54 days late1 of 2 deeds read
Signalsraises risk1 change of registered office in 24 monthsLatest accounts 54 days late; 2 of the last 3 lateNo main activity registeredlowers riskLiquidity: current ratio 26.92, cash €28,723neutralFiled after the deadlineShow the evidence
Bankruptcy probability
No current score
Insufficient figures
A score requires measurable solvency, liquidity and profitability. Missing figures are not a judgement about the company.
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.1%
12-2024: 0.1%● unchanged vs 11-2024
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.2%▲ +0.1 percentage points vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.4%▲ +0.2 percentage points vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.2%▼ -0.2 percentage points vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.7%▲ +0.5 percentage points vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.7%● unchanged vs 03-2026
05-2026: 0.8%▲ +0.1 percentage points vs 04-2026
06-2026: 1.0%▲ +0.2 percentage points vs 05-2026
07-2026: 1.0%● unchanged vs 06-2026
08-2026: 1.5%▲ +0.5 percentage points vs 07-2026highest value
09-2026: 0.7%▼ -0.8 percentage points vs 08-2026
10-2026: 1.1%▲ +0.4 percentage points vs 09-2026
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-09-2026, 54 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
54 days late
2024
41 days late
2023
16 days early
2022
27 days early
2021
13 days early
2020
19 days early
2019
20 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 6 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 18 July (4 of the last 5 filed years within 54 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
19-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Registered officeRegistered-office move · Power of…
- Annual accounts filedfinancial year 2024 · micro…
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.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 23-09-2026 | 2026-00521323 |
| 31-12-2024 | micro format | 10-09-2025 | 2025-00488584 |
| 31-12-2023 | micro format | 15-07-2024 | 2024-00250324 |
| 31-12-2022 | micro format | 04-07-2023 | 2023-00206514 |
| 31-12-2021 | micro format | 18-07-2022 | 2022-20209881 |
| 31-12-2020 | micro format | 12-07-2021 | 2021-34400526 |
| 31-12-2019 | micro format | 20-08-2020 | 2020-42900536 |
| 31-12-2018 | micro format | 26-08-2019 | 2019-51200102 |
| 31-12-2017 | micro format | 18-07-2018 | 2018-35200006 |
| 31-12-2016 | micro format | 30-08-2017 | 2017-59600366 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 1 of 2 Gazette acts processed. See the directors and other office holders in the KBO →
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
23-09
NBB filing
Annual accounts filed
financial year 2025 · micro format · 54 days late
2025
07-11
Gazette deed
Registered officeRegistered-office move · Power of attorney4 facts ▸
Gazette deed
Registered office
Registered-office move · Power of attorney4 facts ▸
- General meeting, 01-10-2025
- Registered-office move, Platte-Lostraat 648/2, 3010 Kessel-Lo
- Power of attorney, Anne Vranckx
- Other provision, “Name 'mechergui Kilan' appears in signature block but is not a named entity in the text; 'Anne Uramlk' is likely a typo for 'Anne Vranckx'., signer identity mis…” (deed in Dutch)
10-09
NBB filing
Annual accounts filed
financial year 2024 · micro format · 41 days late
2024
15-07
NBB filing
Annual accounts filed
financial year 2023 · micro format
2023
31-12
Financial
Weakest financial yearnet -€1,821
Net result drops to -€1,821, the lowest in the series.
04-07
NBB filing
Annual accounts filed
financial year 2022 · micro format
2022
18-07
NBB filing
Annual accounts filed
financial year 2021 · micro format
2021
31-12
Financial
Highest result from 2018 to 2023net €7,411 ▲3.8%
Operating result €9,986, net result €7,411, both a record.
12-07
NBB filing
Annual accounts filed
financial year 2020 · micro format
2020
20-08
NBB filing
Annual accounts filed
financial year 2019 · micro format · 20 days late
2019
26-08
NBB filing
Annual accounts filed
financial year 2018 · micro format · 26 days late
2018
18-07
NBB filing
Annual accounts filed
financial year 2017 · micro format
2017
30-08
NBB filing
Annual accounts filed
financial year 2016 · micro format · 30 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 24 annual accounts filed, the latest 10 are here; all 24 are under Financials.
1 of 2 deeds read
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Register details
Identification
Legal formPrivate limited company (pre-2019)
Founded08-05-2002
Financial year end31-12
E-invoicing
Not found in the Peppol Directory
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if you send it electronically, you need their agreement on a secure channel. The invoice remains valid; it is the customer, not you, who risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 18 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Leuven · 1 establishment unit since 2002
Ground area
552 m²
Building footprint
155 m²
Building volume
1,146 m³
2 parcels, Flanders · tallest building 11.2 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
EXPRESS TELECOM
since 2002unit no. 2.101.777.291
2 parcels
Flanders
2
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24483D0021/00Y002 | Flanders | 439 m² | 1 · 92 m² | 9.1 m · 3 |
| 24502B0032/00E000 | Flanders | 113 m² | 1 · 63 m² | 11.2 m · 3 |
How the parcels are linked
Good to know
Both parcels match the address exactly.