EXPRESS1
ActiveSummary
EXPRESS1 has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €416,285 and a net result of €1,591. Equity is growing by ~18.1% per year across the filed fiscal years. Its solvency ranks better than 87% of 220 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability38▼-33
Solvency100=
Growth66▼-1
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24,000 at 30 days only on tighter terms
Liquidity ample (current ratio 4.34 against 6.72 in 2023; short-term debt: 16.3% and cash: 24.1% of total assets), and 19.2% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 14
Relative position
BE, all sectors
reference
Manufacture of wearing apparel (NACE 14)
about 12% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · 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 16-02-2026, 200 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
200 d late
2023
119 d late
2022
27 d early
2021
45 d early
2020
45 d early
2019
21 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 30 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€1.1m▲ 1.9%
2022 · €1.1m
EBIT margin
0.7%▼ 11.9pp
2022 · 12.7%
Net result
€1,591▼ 84.3%
2023 · €10,128
Working capital
€280,345▼ 1.1%
2023 · €283,603
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€423,963▼ 55.8%€735,656▲ 73.5%€1.1m▲ 43.8%€1.1m
Operating result-€42,363€166,429€133,874▼ 19.6%€36,252▼ 72.9%€7,729▼ 78.7%
Net result-€48,977€158,647€112,746▼ 28.9%€10,128▼ 91.0%€1,591▼ 84.3%
EBIT margin-10.0%▼ 11.3pp22.6%▲ 32.6pp12.7%▼ 10.0pp0.7%
Equity€133,172▼ 26.9%€291,819▲ 119%€404,565▲ 38.6%€414,693▲ 2.5%€416,285▲ 0.4%
Total assets€214,818▼ 36.0%€384,466▲ 79.0%€456,896▲ 18.8%€464,287▲ 1.6%€515,300▲ 11.0%
Debt€81,646▼ 46.8%€92,647▲ 13.5%€52,330▼ 43.5%€49,593▼ 5.2%€99,016▲ 99.7%
Working capital€125,566▼ 26.8%€270,996▲ 116%€272,502▲ 0.6%€283,603▲ 4.1%€280,345▼ 1.1%
Staff (FTE)7.1▼ 30.4%6.9▼ 2.8%9.8▲ 42.0%11▲ 12.2%9.7▼ 11.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2023 Net result -91% on 2022. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 79% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €515,300
Fixed assets
€150,940 ▲ 15.1%
Current assets
€364,360 ▲ 9.4%
Equity and liabilities €515,300
Equity
€416,285 ▲ 0.4%
Debt
€99,016 ▲ 99.7%
Debt's share of the balance-sheet total rises from 10.7% to 19.2%. Equity and debt are higher.
Key figures and ratios
Current ratio
4.34▼
2023 · 6.72
Quick ratio
4.27▼
2023 · 6.72
Debt to equity
0.24▲
2023 · 0.12
ROE
0.4%▼
2023 · 2.4%
ROA
0.3%▼
2023 · 2.2%
Debt ≤ 1 year
€84,016▲
2023 · €49,593
Income taxes
€7,248▼
2023 · €23,157
Staff costs
€437,621▲
2023 · €437,287
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 16,986 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €423,963 | €735,656 | €1.1m | - | €1.1m | - |
| Goods, raw materials, services and sundry goods60/61 | - | €368,035 | €520,247 | - | €628,860 | - |
| Remuneration, social security and pensions62 | - | €183,505 | €376,297 | €437,287 | €437,621 | ▲ 0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,700 | €12,175 | €21,417 | €23,443 | - | - |
| Other operating charges640/8 | - | €5,512 | €6,236 | €7,553 | €3,542 | ▼ 53.1% |
| Gross operating margin9900 | €128,313 | €367,621 | €537,824 | €504,534 | €448,892 | ▼ 11.0% |
| Operating profit (loss)9901 | -€42,363 | €166,429 | €133,874 | €36,252 | €7,729 | ▼ 78.7% |
| Financial income75/76B | - | €2,128 | €4,392 | €3,418 | €1,839 | ▼ 46.2% |
| Recurring financial income75 | €779 | €2,121 | €4,339 | €3,392 | €5 | ▼ 99.8% |
| Non-recurring financial income76B | - | €8 | €54 | €26 | €1,834 | ▲ 6,953% |
| Financial charges65/66B | - | €1,214 | €8,131 | €6,385 | €729 | ▼ 88.6% |
| Recurring financial charges65 | €1,537 | €1,118 | €7,768 | €6,360 | €729 | ▼ 88.5% |
| Non-recurring financial charges66B | - | €96 | €364 | €25 | - | - |
| Profit (loss) for the period before taxes9903 | -€42,886 | €167,343 | €130,135 | €33,285 | €8,839 | ▼ 73.4% |
| Income taxes67/77 | €6,091 | €8,696 | €17,389 | €23,157 | €7,248 | ▼ 68.7% |
| Profit (loss) for the period9904 | -€48,977 | €158,647 | €112,746 | €10,128 | €1,591 | ▼ 84.3% |
| Profit (loss) for the period to be appropriated9905 | -€48,977 | €158,647 | €112,746 | €10,128 | €1,591 | ▼ 84.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €214,818 | €384,466 | €456,896 | €464,287 | €515,300 | ▲ 11.0% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €14,615 | €20,823 | €132,064 | €131,090 | €150,940 | ▲ 15.1% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €14,615 | €20,823 | €132,064 | €131,090 | €150,880 | ▲ 15.1% |
| Plant, machinery and equipment23 | - | €10,834 | €20,766 | €33,136 | €36,636 | ▲ 10.6% |
| Furniture and vehicles24 | - | €2,707 | €22,237 | €20,243 | €20,243 | = |
| Other tangible fixed assets26 | - | €7,283 | €89,060 | €77,711 | €94,001 | ▲ 21.0% |
| Financial fixed assets28 | €0 | - | - | - | €60 | - |
| Current assets29/58 | €200,204 | €363,643 | €324,832 | €333,197 | €364,360 | ▲ 9.4% |
| Stocks and contracts in progress3 | €0 | - | - | - | €5,669 | - |
| Stocks30/36 | - | - | - | - | €5,669 | - |
| Amounts receivable within one year40/41 | €69,018 | €76,305 | €121,416 | €198,416 | €232,085 | ▲ 17.0% |
| Trade receivables40 | - | €2,997 | €8,749 | €76,496 | €109,288 | ▲ 42.9% |
| Other amounts receivable41 | - | €73,308 | €112,667 | €121,920 | €122,797 | ▲ 0.7% |
| Current investments50/53 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €131,186 | €287,338 | €201,856 | €133,221 | €124,284 | ▼ 6.7% |
| Deferred charges and accrued income490/1 | - | - | €1,560 | €1,560 | €2,322 | ▲ 48.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €214,818 | €384,466 | €456,896 | €464,287 | €515,300 | ▲ 11.0% |
| Equity10/15 | €133,172 | €291,819 | €404,565 | €414,693 | €416,285 | ▲ 0.4% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €79,352 | €237,999 | €350,745 | €350,745 | €350,745 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €236,139 | €348,885 | €348,885 | €348,885 | = |
| Profit (loss) carried forward14 | €35,220 | €35,220 | €35,220 | €45,348 | €46,939 | ▲ 3.5% |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €81,646 | €92,647 | €52,330 | €49,593 | €99,016 | ▲ 99.7% |
| Amounts payable after more than one year17 | €7,008 | - | - | - | - | - |
| Amounts payable within one year42/48 | €74,638 | €92,647 | €52,330 | €49,593 | €84,016 | ▲ 69.4% |
| Current portion of amounts payable after more than one year42 | - | €11,909 | - | - | - | - |
| Trade debts44 | €32,541 | €35,183 | €29,974 | €10,702 | €20,704 | ▲ 93.5% |
| Suppliers440/4 | - | €35,183 | €29,974 | €10,702 | €20,704 | ▲ 93.5% |
| Taxes, remuneration and social security45 | - | €45,555 | €22,356 | €38,725 | €57,145 | ▲ 47.6% |
| Taxes450/3 | - | €30,337 | €6,377 | €27,718 | €30,601 | ▲ 10.4% |
| Remuneration and social security454/9 | - | €15,219 | €15,980 | €11,007 | €26,544 | ▲ 141% |
| Other amounts payable47/48 | - | - | - | €166 | €6,166 | ▲ 3,616% |
| Accrued charges and deferred income492/3 | - | - | - | - | €15,000 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€48,977 | €158,647 | €112,746 | €10,128 | €1,591 | ▼ 84.3% |
| + Depreciation and write-downs630 | €9,700 | €12,175 | €21,417 | €23,443 | - | - |
| Operating cash flow (approximation) | -€39,277 | €170,822 | €134,163 | €33,571 | €1,591 | ▼ 95.3% |
| Investment in fixed assets (approximation) | - | -€18,384 | -€132,658 | -€22,469 | -€19,850 | ▲ 11.7% |
| Change in cash | - | €156,152 | -€85,481 | -€68,635 | -€8,937 | ▲ 87.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
16-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 200 days late
2024
27-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 119 days late
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €158,647
Net result €158,647 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €291,819 ▲119%
Equity rises from €133,172 to €291,819.
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€48,977
Net result drops to -€48,977, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €1,858
Net result €1,858 after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
2016
23-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are 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
Registered office, Antwerpen · 1 establishment unit since 2006
Ground area
196 m²
Building footprint
200 m²
Volume, LiDAR
2,327 m³
2 parcels, Flanders · tallest building 18.4 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
De Sinjoor
since 20062.176.465.610
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11802B1543/00_000 | Flanders | 109 m² | 1 · 102 m² | 18.4 m · 4 fl. |
| 11803C2063/00C000 | Flanders | 86 m² | 1 · 98 m² | 16.1 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.176.465.610
Legal Entity Identifier
9845005F606BC4736579
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Of 1,090 companies in sector 14210 we hold annual accounts for 212. 138 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-01-2003
Fiscal year end31-12
Activities, NACEBEL 2025
14210Manufacture of outerwear
56111Full-service restaurants
14220Manufacture of wearing apparel
14299Manufacture of wearing apparel
95290Repair and maintenance of other personal and household goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0479267793
Registered
09-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.