HELLAS EXPRESS
ActiveHELLAS EXPRESS has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €304k and a net result of €65k. Equity is growing by ~39.5% per year across the filed fiscal years. Its solvency ranks better than 40% of 1845 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▼-10
Solvency58▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity tight (current ratio 1.42 against 1.38 in 2024; short-term debt: 52.1% and cash: 24.1% of total assets), and 66.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
33.3%
Return on assets
7.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
on the day
2023
85 d late
2022
109 d late
2021
192 d late
2020
92 d late
2019
157 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€65k▼ 47.1%
2024 · €124k
2018: €-5k
2019: €12k
2020: €41k
2021: €2k
2022: €18k
2023: €14k
2024: €124k
2018 → 2025
Working capital
€202k▲ 37.8%
2024 · €146k
2018: €17k
2019: €33k
2020: €64k
2021: €16k
2022: €49k
2023: €56k
2024: €146k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€83k-€101k▲ 21.2%€115k▲ 14.2%€238k▲ 107%€304k▲ 27.4%
Operating result€16k-€32k▲ 102%€25k▼ 22.8%€193k▲ 676%€102k▼ 47.2%
Net result€2k-€18k▲ 799%€14k▼ 19.7%€124k▲ 763%€65k▼ 47.1%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 47% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €912k
Fixed assets
€235k▼ 8.6%
Current assets
€677k▲ 27.5%
Equity and liabilities €912k
Equity
€304k▲ 27.4%
Debt
€609k▲ 10.7%
The debt ratio falls from 69.7% to 66.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€143k▼
2024 · €223k
Cash flow
€106k▼
2024 · €153k
Solvency
33.3%▲
2024 · 30.3%
Current ratio
1.42▲
2024 · 1.38
Quick ratio
1.42▲
2024 · 1.38
Debt / equity
2.00▼
2024 · 2.31
ROE
21.5%▼
2024 · 51.8%
ROA
7.2%▼
2024 · 15.7%
Interest coverage
16.95▲
2024 · 11.23
Debt
€609k▲
2024 · €550k
Debt ≤ 1 year
€475k▲
2024 · €385k
Debt > 1 year
€133k▼
2024 · €165k
Income taxes
€29k▼
2024 · €50k
Staff costs
€497k▲
2024 · €328k
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€788k€912k▲
Fixed assets21/28€257k€235k▼
Tangible fixed assets22/27€257k€235k▼
Land and buildings22€151k€138k▼
Plant, machinery and equipment23€49k€57k▲
Furniture and vehicles24€56k€40k▼
Financial fixed assets28€600€600=
Current assets29/58€531k€677k▲
Amounts receivable within one year40/41€308k€446k▲
Trade receivables40€294k€351k▲
Other amounts receivable41€13k€96k▲
Cash at bank and in hand54/58€209k€220k▲
Deferred charges and accrued income490/1€14k€11k▼
Equity and liabilities
Total equity and liabilities10/49€788k€912k▲
Equity10/15€238k€304k▲
Contributions10/11€34k€34k=
Reserves13€126k€191k▲
Distributable reserves133€126k€191k▲
Profit (loss) carried forward14€79k€79k=
Amounts payable17/49€550k€609k▲
Amounts payable after more than one year17€165k€133k▼
Financial debts170/4€165k€133k▼
Amounts payable within one year42/48€385k€475k▲
Current portion of amounts payable after more than one year42€44k€56k▲
Trade debts44€200k€223k▲
Suppliers440/4€200k€223k▲
Advances received on contracts in progress46€7k-
Taxes, remuneration and social security45€134k€196k▲
Taxes450/3€96k€116k▲
Remuneration and social security454/9€38k€81k▲
Accrued charges and deferred income492/3€130€130=
Income statement
Code20242025
Non-recurring operating income76A€21k-
Remuneration, social security and pensions62€328k€497k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€41k▲
Other operating charges640/8€16k€26k▲
Gross operating margin9900€566k€666k▲
Operating profit (loss)9901€193k€102k▼
Financial income75/76B€591€412▼
Recurring financial income75€591€412▼
Financial charges65/66B€20k€8k▼
Recurring financial charges65€20k€8k▼
Profit (loss) for the period before taxes9903€174k€94k▼
Income taxes67/77€50k€29k▼
Profit (loss) for the period9904€124k€65k▼
Profit (loss) for the period to be appropriated9905€124k€65k▼
Appropriation of the result
Profit (loss) to be appropriated9906€202k€144k▼
Profit (loss) brought forward from the previous period14P€79k€79k=
Transfer to equity691/2€124k€65k▼
To other reserves6921€124k€65k▼
Social balance
Average headcount (FTE)9087-11.4
The notes to these accounts (13 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €124k ▲763%
Operating result €193k, net result €124k, both a record.
31-12
Financial
Equity above €200kEq €238k ▲107%
6 profitable years in a row build equity to €238k.
24-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 85 days late
2023
17-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 109 days late
08-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 192 days late
2022
31-12
Financial
Equity above €100kEq €101k ▲21.2%
4 profitable years in a row build equity to €101k.
2021
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 92 days late
04-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 157 days late
2020
06-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 159 days late
2019
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 59 days late
2017
07-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 99 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Charleroi · 1 establishment unit since 2003
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.
Rue du Calvaire 136060 CharleroiGround area
520 m²
Building footprint
15 m²
Volume, LiDAR
58 m³
Parcel 52026D0204/00P002, Wallonia · tallest building 7.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
hellas express
since 20032.131.742.670
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52026D0204/00P002 | Wallonia | 520 m² | 1 · 15 m² | 7.1 m · 1 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 siteCharleroi2.131.742.670
Parcel delivery
Notified to the BIPT
Similar companies · same sector, comparable size
VANSTEENKISTE FREDERIC
BE 0881.108.309
Ledegem · Eq €304k
Transport André Van Uytsel
BE 0446.408.846
Herselt · Eq €304k
Maroc-Express
BE 0651.763.289
Antwerpen · Eq €304k
TRANSPORT MAERIVOET
BE 0478.595.624
Antwerpen · Eq €304k
EFFICIENT LOGISTICS SERVICES
BE 0598.997.863
Ottignies-Louvain-la-Neuve · Eq €303k
Of 12,606 companies in sector 49410 we hold annual accounts for 8,199. 5,840 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-10-1996
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
53200Other postal and courier activities
46349Wholesale of beverages, general range
47252Retail sale of beverages, general range
47279Other retail sale of food
47299Retail trade
49420Removal services
68204Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.