FS EXPRESS
ActiveFS EXPRESS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €166k and a net result of €-10k. Equity is growing by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 87% of 4564 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability62▼-5
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 4.33 against 3.21 in 2024; short-term debt: 18.1% and cash: 26.5% of total assets), and 18.1% of the assets are financed with debt.
Credit advice for your own amount and term
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
Sector 49
higher
← 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 · 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 €-10k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
29 d late
2023
30 d late
2022
30 d late
2021
61 d late
2020
31 d late
2019
61 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€166k▼ 12.0%
2024 · €188k
2018: €160k
2019: €170k
2020: €176k
2021: €200k
2022: €215k
2023: €232k
2024: €188k
2018 → 2025
Total assets
€202k▼ 16.5%
2024 · €242k
2018: €265k
2019: €298k
2020: €338k
2021: €280k
2022: €279k
2023: €337k
2024: €242k
2018 → 2025
Net result
€-10k▼ 158%
2024 · €-4k
2018: €11k
2019: €11k
2020: €6k
2021: €30k
2022: €16k
2023: €17k
2024: €-4k
2018 → 2025
Working capital
€122k▲ 2.5%
2024 · €119k
2018: €128k
2019: €124k
2020: €105k
2021: €101k
2022: €135k
2023: €163k
2024: €119k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€200k-€215k▲ 7.7%€232k▲ 7.9%€188k▼ 19.1%€166k▼ 12.0%
Operating result€62k-€25k▼ 59.9%€26k▲ 6.8%€-2k€-9k▼ 484%
Net result€30k-€16k▼ 45.8%€17k▲ 4.7%€-4k€-10k▼ 158%
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 €9k in 2025 against €2k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €202k
Fixed assets
€44k▼ 36.9%
Current assets
€159k▼ 8.3%
Equity and liabilities €202k
Equity
€166k▼ 12.0%
Debt
€37k▼ 32.0%
The debt ratio falls from 22.3% to 18.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€19k▼
2024 · €28k
Cash flow
€18k▼
2024 · €25k
Solvency
81.9%▲
2024 · 77.7%
Current ratio
4.33▲
2024 · 3.21
Quick ratio
4.33▲
2024 · 3.21
Debt / equity
0.22▼
2024 · 0.29
ROE
-6.3%▼
2024 · -2.1%
ROA
-5.1%▼
2024 · -1.7%
Interest coverage
19.02▼
2024 · 24.35
Debt
€37k▼
2024 · €54k
Debt ≤ 1 year
€37k▼
2024 · €54k
Income taxes
€401▼
2024 · €855
Staff costs
€62k▼
2024 · €84k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€242k€202k▼
Fixed assets21/28€69k€44k▼
Tangible fixed assets22/27€69k€44k▼
Land and buildings22€7k€6k▼
Plant, machinery and equipment23€2k€943▼
Furniture and vehicles24€54k€30k▼
Other tangible fixed assets26€6k€6k▲
Current assets29/58€173k€159k▼
Amounts receivable within one year40/41€93k€93k▲
Trade receivables40€88k€84k▼
Other amounts receivable41€5k€10k▲
Cash at bank and in hand54/58€78k€54k▼
Deferred charges and accrued income490/1€2k€11k▲
Equity and liabilities
Total equity and liabilities10/49€242k€202k▼
Equity10/15€188k€166k▼
Contributions10/11€19k€19k=
Reserves13€170k€147k▼
Distributable reserves133€170k€147k▼
Amounts payable17/49€54k€37k▼
Amounts payable within one year42/48€54k€37k▼
Trade debts44€15k€13k▼
Suppliers440/4€15k€13k▼
Advances received on contracts in progress46-€1k
Taxes, remuneration and social security45€13k€13k▼
Taxes450/3€5k€7k▲
Remuneration and social security454/9€8k€5k▼
Other amounts payable47/48€26k€9k▼
Income statement
Code20242025
Non-recurring operating income76A€188€250▲
Remuneration, social security and pensions62€84k€62k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€28k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-7k
Other operating charges640/8€7k€11k▲
Gross operating margin9900€118k€86k▼
Operating profit (loss)9901€-2k€-9k▼
Financial income75/76B€1€6▲
Recurring financial income75€1€6▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€1k€1k▼
Non-recurring financial charges66B€500-
Profit (loss) for the period before taxes9903€-3k€-10k▼
Income taxes67/77€855€401▼
Profit (loss) for the period9904€-4k€-10k▼
Profit (loss) for the period to be appropriated9905€-4k€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-4k€-10k▼
Transfer from equity791/2€44k€23k▼
Profit to be distributed694/7€40k€12k▼
Return on contributions (dividend)694€40k€12k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Equity above €200kEq €215k ▲7.7%
5 profitable years in a row build equity to €215k.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Highest result since 2018net €30k ▲421%
Operating result €62k, net result €30k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Pelt · 1 establishment unit since 2008
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.
Grote Heide 493910 PeltGround area
1,455 m²
Building footprint
211 m²
Volume, LiDAR
1,173 m³
Parcel 72025A0324/00S000, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FS Express
since 20082.170.255.630
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72025A0324/00S000 | Flanders | 1,455 m² | 1 · 211 m² | 10.2 m · 2 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 623 EUR awarded · 623 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 623 EUR | 623 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,607 companies in sector 49410 we hold annual accounts for 8,196. 6,320 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-04-2008
Fiscal year end31-12
Activities, NACEBEL
14130Manufacture of wearing apparel
14210Manufacture of outerwear
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.