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Generated 19-07-2026
Active BE 0768.330.664Private limited company

F.A. EXPRESS

· 5 yrs active
Sector: Non-specialised food retail (47110)
Conclusion Checked

The computed 12-month bankruptcy probability of F.A. EXPRESS is 7.9% (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 27% of 5531 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).

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €635
Net result €4k
Staff (FTE) 1
Better than sector 27%
Snowflake analysis 5 axes · computed by Checked
Health51Profitability100Solvency12Growth58Stability86
61 / 100

Strong profile, led by profitability.

Health 51
Profitability 100
Solvency 12
Growth 58
Stability 86
Bankruptcy probability (12 mo) Checked model v1 · free
7.9% Elevated
0%0,5%1,5%4%10%≥25%
Recent warning signals +Young company +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
3 / 100
Low risk
Components
· 1 administrative flag (+3)
Trust signals 2 signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administrative Flags 1 events
Address struck
Health barometer FY 2023 · computed
51 / 100 Fair
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview3 NBB filings
Annual accounts filed on 28-09-2024 with the NBB · fiscal year 2023 · micro
€-8k€-5k€-3k€0€3k€5kOperating result 2021: €-260€-260Net result 2021: €-260€-260Operating result 2022: €-3k€-3kNet result 2022: €-5k€-5kOperating result 2023: €4k€4kNet result 2023: €4k€4k202120222023
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining At this pace, equity would indicatively turn negative around fiscal year 2025, assuming unchanged policy.
€-4k€-2k€0€2k2024: €82 (€32 - €133)2025: €-470 (€-521 - €-419)2026: €-1k (€-1k - €-972)2021: €2k2022: €-4k2023: €635202120222023202420252026
Solid line = filed figures · dashed = extended trend · area = indicative range.
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 2023 · NACE 47, Retail trade · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 1.2% 20.1%
better than 27% of 5531 sector peers
Net result €4k €3k
better than 52% of 5511 sector peers
Equity €635 €15k
better than 27% of 5537 sector peers
Gross operating margin €45k €23k
better than 64% of 5486 sector peers
Staff costs €38k €33k
higher than 55% of 2455 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€5k
- -96% vs sector
Net profit
€4k
- -88% vs sector
Cash flow
€4k
- -96% vs sector
Total assets
€52k
+79.2% -95% vs sector
Equity
€635
- -100% vs sector
Working capital
€-78
+97.8% far below sector median
Employees (FTE)
1
-23.1% -76% vs sector
Staff costs
€38k
-5.3% -80% vs sector
Debt
€51k
+57.0% -89% vs sector
Debt ≤ 1y
€51k
+57.0% -88% vs sector
Current ratio
1.00
+12.5% -51% vs sector
Quick ratio
0.51
+593.6% -66% vs sector
Solvency
1.2%
- -98% vs sector
Debt / equity
80.18
- far above sector median
ROE
674.4%
+356.6% far above sector median
ROA
8.3%
- +2% vs sector
Interest coverage
30.00
- +173% vs sector
Figures by fiscal year
Fiscal year2023
Revenue-
EBITDA€5k
Net profit€4k
Cash flow€4k
Staff costs€38k
Income taxes-
Dividends-
Total assets€52k
Equity€635
Debt€51k
of which ≤ 1y€51k
of which > 1y-
Working capital€-78
Employees (FTE)1.0
Ratios (computed)
2023
Current ratio1.00
Quick ratio0.51
Working capital ratio-0.2%
Solvency1.2%
Debt / equity80.18
Long-term debt ratio-
Interest coverage30.00
Gross margin-
Net margin-
ROA8.3%
ROE674.4%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€52k
Fixed assets 21/28€714
Tangible fixed assets 22/27€714
Current assets 29/58€51k
Stocks & contracts in progress 3€25k
Amounts receivable within one year 40/41€25k
Cash & bank 54/58€719
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€52k
Equity 10/15€635
Contributions / capital 10/11€2k
Accumulated profits (losses) 14€-1k
Amounts payable 17/49€51k
Amounts payable within one year 42/48€51k
Trade debts payable within one year 44€12k
Income statement
Gross operating margin 9900€45k
Operating result 9901€4k
Financial charges 65€153
Result before taxes 9903€4k
Net result for the period 9904€4k
Result to be appropriated 9905€4k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Non-specialised food retail(47110)
Legal form Private limited company(610)
Incorporation11-05-2021
StatusActive
Postal code-
Establishment units 1 location
F.A. EXPRESS
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte < 100 m²)
since 20212.317.564.184
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21305B0204/00Y007 Brussels 175 m² 1 · 175 m² 18.0 m · 3 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 6 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
22-12-2025
KBO administration Address struck
de Fiennesstraat 7 Die Sitzadresse Rue de Fiennes / de Fiennes- Anderlecht · event 04-09-2025
09-07-2025
State Gazette act Capital & shares
2024
28-09-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
29-09-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
09-05-2023
NBB filing Annual accounts filed
fiscal year 2021 · micro
Lifecycle & Insolvency Signals 1 events
22-12-2025
KBO administration Address struck
Date: 04-09-2025 · de Fiennesstraat 7 Die Sitzadresse Rue de Fiennes / de Fiennes- Anderlecht · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262025-12-22 · KBO administration · Address struck
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 1 acts
Capital history · 1
09-07-2025
Capital change
All acts · 1 updated 1 year ago
2025
09-07-2025 All shares are now held by a single shareholder Capital & shares
Technical details 
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Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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Company registry (CBE) Crossroads Bank
Activities
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen47110Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte < 100 m²)47112
Primary activity highlighted.
Names & trade names
Legal nameFR F.A. EXPRESS
Registration history
  1. 04-09-2025 Address struck
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative