FREIGHT EXPRESS
ActiveSummary
The annual accounts of FREIGHT EXPRESS for fiscal year 2025 show a net loss of 70% of the equity at the start of that year. The 2025 annual accounts show equity of €3,292 and a net result of -€7,557. Equity is shrinking by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 22% of 4718 sector peers (fiscal year 2025). The company has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency35▼-23
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.45 against 0.6 in 2024; short-term debt: 89.6% and cash: 10.7% of total assets), and 89.6% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 2025Solvency, return and age of the figures
Solvency
10.4%
Return on assets
-23.8%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€7,557
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 4718 sector peers (2025).
NBB · sector comparisonPosition among 4718 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 · 10 filingsDeviation from the deadline
2025
30 d late
2024
2 d early
2023
28 d late
2022
8 d late
2021
30 d late
2020
16 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 20 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 29 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#1 oldest company in Aartselaar, Transport and storage sector
Equity
€3,292▼ 69.7%
2024 · €10,849
Total assets
€31,736▼ 2.5%
2024 · €32,545
Net result
-€7,557▲ 26.5%
2024 · -€10,275
Working capital
-€15,589▼ 84.1%
2024 · -€8,469
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€282€7,181▲ 2,446%-€4,839-€10,151▼ 110%-€6,234▲ 38.6%
Net result€154within the sector's middle half€6,680within the sector's middle half▲ 4,247%-€4,937below the sector's middle half-€10,275below the sector's middle half▼ 108%-€7,557below the sector's middle half▲ 26.5%
Equity€19,382within the sector's middle half▲ 0.8%€26,062within the sector's middle half▲ 34.5%€21,124within the sector's middle half▼ 18.9%€10,849within the sector's middle half▼ 48.6%€3,292below the sector's middle half▼ 69.7%
Total assets€34,943below the sector's middle half▲ 18.4%€51,611within the sector's middle half▲ 47.7%€37,839below the sector's middle half▼ 26.7%€32,545below the sector's middle half▼ 14.0%€31,736below the sector's middle half▼ 2.5%
Debt€15,561▲ 51.2%€25,549▲ 64.2%€16,715▼ 34.6%€21,697▲ 29.8%€28,444▲ 31.1%
Working capital€1,000within the sector's middle half▼ 90.7%€7,225within the sector's middle half▲ 622%€20within the sector's middle half▼ 99.7%-€8,469within the sector's middle half-€15,589below the sector's middle half▼ 84.1%
Solvency55.5%within the sector's middle half▼ 9.7pp50.5%within the sector's middle half▼ 5.0pp55.8%within the sector's middle half▲ 5.3pp33.3%within the sector's middle half▼ 22.5pp10.4%below the sector's middle half▼ 23.0pp
Current ratio1.06within the sector's middle half▼ 0.981.28within the sector's middle half▲ 0.221.00within the sector's middle half▼ 0.280.60below the sector's middle half▼ 0.400.45below the sector's middle half▼ 0.15
Return on assets (ROA)0.4%within the sector's middle half▲ 13.5pp12.9%within the sector's middle half▲ 12.5pp-13.0%below the sector's middle half▼ 26.0pp-31.6%below the sector's middle half▼ 18.5pp-23.8%below the sector's middle half▲ 7.8pp
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6,234 in 2025 against €10,151 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €31,736
Fixed assets
€18,881 ▼ 5.6%
Current assets
€12,855 ▲ 2.4%
Equity and liabilities €31,736
Equity
€3,292 ▼ 69.7%
Debt
€28,444 ▲ 31.1%
Debt's share of the balance-sheet total rises from 66.7% to 89.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€5,123▲
2024 · -€8,958
Cash flow
-€6,447▲
2024 · -€9,083
Debt to equity
8.64▲
2024 · 2.00
ROE
-229.6%▼
2024 · -94.7%
Interest coverage
-3.85▲
2024 · -71.88
Debt ≤ 1 year
€28,444▲
2024 · €21,023
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,192 | €82 | €694 | €1,193 | €1,111 | ▼ 6.9% |
| Other operating charges640/8 | €573 | €512 | €493 | €774 | €584 | ▼ 24.6% |
| Gross operating margin9900 | €5,047 | €7,774 | -€3,652 | -€8,184 | -€4,540 | ▲ 44.5% |
| Operating profit (loss)9901 | €282 | €7,181 | -€4,839 | -€10,151 | -€6,234 | ▲ 38.6% |
| Financial income75/76B | €3 | - | €0 | - | €6 | - |
| Recurring financial income75 | €3 | - | €0 | - | €6 | - |
| Financial charges65/66B | €131 | €501 | €99 | €125 | €1,329 | ▲ 967% |
| Recurring financial charges65 | €131 | €501 | €99 | €125 | €1,329 | ▲ 967% |
| Profit (loss) for the period before taxes9903 | €154 | €6,680 | -€4,937 | -€10,275 | -€7,557 | ▲ 26.5% |
| Profit (loss) for the period9904 | €154 | €6,680 | -€4,937 | -€10,275 | -€7,557 | ▲ 26.5% |
| Profit (loss) for the period to be appropriated9905 | €154 | €6,680 | -€4,937 | -€10,275 | -€7,557 | ▲ 26.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €34,943 | €51,611 | €37,839 | €32,545 | €31,736 | ▼ 2.5% |
| Fixed assets21/28 | €18,382 | €18,956 | €21,184 | €19,991 | €18,881 | ▼ 5.6% |
| Tangible fixed assets22/27 | - | €574 | €2,802 | €1,610 | €499 | ▼ 69.0% |
| Plant, machinery and equipment23 | - | €574 | €355 | €137 | - | - |
| Furniture and vehicles24 | - | - | €2,447 | €1,473 | €499 | ▼ 66.1% |
| Financial fixed assets28 | €18,382 | €18,382 | €18,382 | €18,382 | €18,382 | = |
| Current assets29/58 | €16,561 | €32,655 | €16,655 | €12,554 | €12,855 | ▲ 2.4% |
| Amounts receivable within one year40/41 | €8,241 | €25,870 | €6,062 | €10,249 | €7,871 | ▼ 23.2% |
| Trade receivables40 | €7,569 | €21,955 | €5,538 | €8,928 | €7,201 | ▼ 19.3% |
| Other amounts receivable41 | €673 | €3,916 | €524 | €1,320 | €669 | ▼ 49.3% |
| Cash at bank and in hand54/58 | €3,867 | €2,129 | €5,556 | €538 | €3,406 | ▲ 533% |
| Deferred charges and accrued income490/1 | €4,452 | €4,656 | €5,037 | €1,767 | €1,579 | ▼ 10.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €34,943 | €51,611 | €37,839 | €32,545 | €31,736 | ▼ 2.5% |
| Equity10/15 | €19,382 | €26,062 | €21,124 | €10,849 | €3,292 | ▼ 69.7% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | -€1,069 | €5,611 | €673 | -€9,602 | -€17,160 | ▼ 78.7% |
| Amounts payable17/49 | €15,561 | €25,549 | €16,715 | €21,697 | €28,444 | ▲ 31.1% |
| Amounts payable within one year42/48 | €15,561 | €25,430 | €16,635 | €21,023 | €28,444 | ▲ 35.3% |
| Trade debts44 | €1,115 | €11,805 | €85 | €1,403 | €727 | ▼ 48.2% |
| Suppliers440/4 | €1,115 | €11,805 | €85 | €1,403 | €727 | ▼ 48.2% |
| Taxes, remuneration and social security45 | - | - | €3,151 | - | - | - |
| Remuneration and social security454/9 | - | - | €3,151 | - | - | - |
| Other amounts payable47/48 | €14,446 | €13,625 | €13,399 | €19,619 | €27,717 | ▲ 41.3% |
| Accrued charges and deferred income492/3 | - | €119 | €80 | €674 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €154 | €6,680 | -€4,937 | -€10,275 | -€7,557 | ▲ 26.5% |
| + Depreciation and write-downs630 | €4,192 | €82 | €694 | €1,193 | €1,111 | ▼ 6.9% |
| Operating cash flow (approximation) | €4,346 | €6,762 | -€4,244 | -€9,083 | -€6,447 | ▲ 29.0% |
| Investment in fixed assets (approximation) | - | -€656 | -€2,922 | €0 | €0 | - |
| Change in cash | - | -€1,738 | €3,427 | -€5,018 | €2,867 | ▲ 157% |
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
Next filing, fiscal year 2026, expected by
2026
04-09
State Gazette act
Appointment: Fabian Verhenne (non-statutory director)Power of attorney3 facts ▸
State Gazette act
Appointment: Fabian Verhenne (non-statutory director)
Power of attorney3 facts ▸
- General meeting, 23-07-2026
- Director appointment, Fabian Verhenne (non-statutory director)
- Power of attorney, BV B & L Accounting
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€10,275
Net result drops to -€10,275, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
31-12
Financial
Highest result since 2018net €6,680 ▲4,247%
Operating result €7,181, net result €6,680, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €154
Net result €154 after 3 loss-making years.
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts 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.
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Directors · office · real estate
Directors
1 director, last change in 2026
Fabian Verhenne
CurrentNon-statutory director · since 24-07-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Aartselaar · 1 establishment unit since 1985
Ground area
559 m²
Building footprint
112 m²
Volume, LiDAR
971 m³
Parcel 11001B0294/00S000, Flanders · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Jan Frans Willemslaan 1, 2630 Aartselaar
since 19852.027.660.779
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11001B0294/00S000 | Flanders | 559 m² | 1 · 112 m² | 10.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| Fabian Verhenne |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
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Shareholding
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Of 12,583 companies in sector 49410 we hold annual accounts for 8,204. 2,117 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
Founded25-07-1985
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0427653697
Also
9925:BE0427653697
Registered
19-06-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.