F.A. EXPRESS
ActiveThe computed 12-month bankruptcy probability of F.A. EXPRESS is 8.2% (elevated). The 2023 annual accounts show equity of €635 and a net result of €4k. Equity is shrinking by ~31.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 24% of 24647 sector peers (fiscal year 2023). The company has been active since 2021 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2023
Axes · tick = 2022
Profitability100=
Solvency12▼-30
Growth58▲+26
Stability86
Bankruptcy probability, 12 months
8.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 1.0 against 0.89 in 2022), and 98.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
1.2%
Return on assets
8.3%
Age of the figures
32 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 24647 sector peers (2023).
NBB · sector comparisonPosition among 24647 sector peers
Solvency
better than 24%
← weakest
strongest →
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline13-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 28-09-2024, 59 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
59 d late
2022
60 d late
2021
282 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2023, micro schema
Equity
€635
2022 · €-4k
2021: €2k
2022: €-4k
2021 → 2023
Total assets
€52k▲ 79.2%
2022 · €29k
2021: €17k
2022: €29k
2021 → 2023
Net result
€4k
2022 · €-5k
2021: €-260
2022: €-5k
2021 → 2023
Working capital
€-78▲ 97.8%
2022 · €-4k
2021: €2k
2022: €-4k
2021 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202120222023Trend
Equity€2k-€-4k€635
Operating result€-260-€-3k▼ 983%€4k
Net result€-260-€-5k▼ 1,975%€4k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €4k after a loss of €3k in 2022, the highest year so far.
Balance-sheet composition
Assets €52k
Fixed assets
€714
Current assets
€51k
Equity and liabilities €52k
Equity
€635
Debt
€51k
Debt finances 98.8% of the balance-sheet total.
Key figures and ratios
EBITDA
€5k
Cash flow
€4k
Solvency
1.2%▲
2022 · -12.7%
Current ratio
1.00▲
2022 · 0.89
Quick ratio
0.51▲
2022 · 0.07
ROA
8.3%▲
2022 · -18.7%
Interest coverage
30.00
Debt
€51k▲
2022 · €32k
Debt ≤ 1 year
€51k▲
2022 · €32k
Staff costs
€38k▼
2022 · €40k
Equity ratios withheld: equity of €635 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€29k€52k▲
Fixed assets21/28-€714
Tangible fixed assets22/27-€714
Furniture and vehicles24-€714
Current assets29/58€29k€51k▲
Stocks and contracts in progress3€26k€25k▼
Stocks30/36€26k€25k▼
Amounts receivable within one year40/41€1k€25k▲
Trade receivables40-€24k
Other amounts receivable41€1k€1k▼
Cash at bank and in hand54/58€1k€719▼
Equity and liabilities
Total equity and liabilities10/49€29k€52k▲
Equity10/15€-4k€635▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€-6k€-1k▲
Amounts payable17/49€32k€51k▲
Amounts payable within one year42/48€32k€51k▲
Trade debts44€26k€12k▼
Suppliers440/4€26k€12k▼
Taxes, remuneration and social security45€7k€29k▲
Remuneration and social security454/9€7k€29k▲
Other amounts payable47/48-€10k
Income statement
Code20222023
Remuneration, social security and pensions62€40k€38k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€157
Other operating charges640/8€431€2k▲
Gross operating margin9900€38k€45k▲
Operating profit (loss)9901€-3k€4k▲
Financial charges65/66B€3k€153▼
Recurring financial charges65€3k€153▼
Profit (loss) for the period before taxes9903€-5k€4k▲
Profit (loss) for the period9904€-5k€4k▲
Profit (loss) for the period to be appropriated9905€-5k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-6k€-1k▲
Profit (loss) brought forward from the previous period14P€-260€-6k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
22-12
KBO administration
Address struck
de Fiennesstraat 7 Die Sitzadresse Rue de Fiennes / de Fiennes-
Anderlecht · event 04-09-2025
2024
28-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 59 days late
2023
31-12
Financial
Back to profitnet €4k
Net result €4k after 2 loss-making years.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
09-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 282 days late
2022
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2025
PETRESCU ADRIANA
CurrentDirector · since 14-04-2025
14-04-2025
PETRESCU ADRIANA: Appointed as Director
14-04-2025
Rasool Faiz: Resigned as Director
Location & real-estate footprint
1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ground area
175 m²
Building footprint
175 m²
Volume, LiDAR
1,729 m³
Parcel 21305B0204/00Y007, Brussels · tallest building 18.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
F.A. EXPRESS
since 20212.317.564.184
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21305B0204/00Y007 | Brussels | 175 m² | 1 · 175 m² | 18.0 m · 3 fl. |
Linked by address, not proof of ownership
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAnderlecht2.317.564.184
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Of 10,411 companies in sector 47110 we hold annual accounts for 5,786. 530 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-05-2021
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.