HELLAS EXPRESS
ActiveSummary
HELLAS EXPRESS has been active since 1996 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €303,891 and a net result of €65,400. Equity is growing by about 39% per year across the filed financial years. Its solvency ranks better than 42% of 2,367 sector peers (NACE 49, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Overview
- Staff
- 11.4 FTE
- Equity
- €303,891
- Profit
- €65,400
- MAZZARA SabrinaDirector
- SARRIS SavvasDirector
Why 84raises riskLast filed accounts filed 31 days late; 2 of the last 3 lateSector: Land transport and transport via pipelines (NACE 49)lowers riskFounded in 1996Liquidity: current ratio 1.42, cash €220,166Show the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, small): better than 45% on solvency, 67% on liquidity, 70% on profitability and 83% on growth.
The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 95 days after the deadline; the sector median (NACE 49) for financial year 2024 is on the deadline day, and 49% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · micro…
- Appointment: MAZZARA Sabrina (director)Gazette deed
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00498450.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 47% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 49, Land transport and transport via pipelines: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
- 2024 Net result +763% on 2023. The accounts now follow the micro format, last year the full format.
Peer companies
Historical observationOf the 20,139 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95.0% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,139 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €21,476 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €256,228 | €279,965 | €316,457 | €327,950 | €496,593 | ▲ 51.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €44,561 | €39,865 | €53,587 | €58,936 | €62,452 | €42,003 | €29,481 | €40,970 | ▲ 39.0% |
| Other operating charges640/8 | - | - | - | €19,035 | €24,795 | €27,475 | €15,684 | €25,911 | ▲ 65.2% |
| Gross operating margin9900 | €212,459 | €272,852 | €386,536 | €350,137 | €399,473 | €410,856 | €566,385 | €665,563 | ▲ 17.5% |
| Operating profit (loss)9901 | €5,006 | €24,168 | €56,730 | €15,938 | €32,261 | €24,921 | €193,270 | €102,089 | ▼ 47.2% |
| Financial income75/76B | - | - | - | - | €71 | - | €591 | €412 | ▼ 30.3% |
| Recurring financial income75 | - | - | - | - | €71 | - | €591 | €412 | ▼ 30.3% |
| Financial charges65/66B | - | - | - | €8,280 | €7,510 | €6,655 | €19,843 | €8,439 | ▼ 57.5% |
| Recurring financial charges65 | €9,513 | €8,540 | €8,667 | €8,280 | €7,510 | €6,655 | €19,843 | €8,439 | ▼ 57.5% |
| Profit (loss) for the period before taxes9903 | -€4,507 | €15,628 | €48,063 | €7,658 | €24,822 | €18,266 | €174,018 | €94,061 | ▼ 45.9% |
| Income taxes67/77 | - | €3,200 | €6,742 | €5,676 | €7,000 | €3,955 | €50,465 | €28,662 | ▼ 43.2% |
| Profit (loss) for the period9904 | -€4,507 | €12,428 | €41,321 | €1,982 | €17,822 | €14,311 | €123,553 | €65,400 | ▼ 47.1% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €203 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€4,507 | €12,428 | €41,321 | €1,982 | €17,620 | €14,311 | €123,553 | €65,400 | ▼ 47.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €440,286 | €416,878 | €526,272 | €575,632 | €485,332 | €472,324 | €788,354 | €912,431 | ▲ 15.7% |
| Fixed assets21/28 | €304,833 | €271,284 | €302,410 | €309,133 | €258,034 | €235,245 | €257,325 | €235,241 | ▼ 8.6% |
| Tangible fixed assets22/27 | €304,233 | €270,684 | €301,810 | €308,533 | €257,434 | €234,645 | €256,725 | €234,641 | ▼ 8.6% |
| Land and buildings22 | - | - | - | €192,500 | €178,750 | €165,000 | €151,250 | €137,500 | ▼ 9.1% |
| Plant, machinery and equipment23 | - | - | - | €47,633 | €49,045 | €41,389 | €49,037 | €56,972 | ▲ 16.2% |
| Furniture and vehicles24 | - | - | - | €68,400 | €29,639 | €28,256 | €56,438 | €40,169 | ▼ 28.8% |
| Financial fixed assets28 | €600 | €600 | €600 | €600 | €600 | €600 | €600 | €600 | = |
| Current assets29/58 | €135,453 | €145,594 | €223,862 | €266,499 | €227,298 | €237,079 | €531,029 | €677,190 | ▲ 27.5% |
| Amounts receivable within one year40/41 | €115,395 | €118,387 | €166,319 | €183,272 | €149,000 | €97,956 | €307,506 | €446,166 | ▲ 45.1% |
| Trade receivables40 | - | - | - | €58,372 | €149,000 | €97,956 | €294,163 | €350,544 | ▲ 19.2% |
| Other amounts receivable41 | - | - | - | €124,900 | - | - | €13,343 | €95,622 | ▲ 617% |
| Cash at bank and in hand54/58 | €20,058 | €27,207 | €57,543 | €83,227 | €78,299 | €139,123 | €209,483 | €220,166 | ▲ 5.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €14,040 | €10,858 | ▼ 22.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €440,286 | €416,878 | €526,272 | €575,632 | €485,332 | €472,324 | €788,354 | €912,431 | ▲ 15.7% |
| Equity10/15 | €27,277 | €39,705 | €81,026 | €83,008 | €100,627 | €114,938 | €238,491 | €303,891 | ▲ 27.4% |
| Contributions10/11 | €34,000 | €34,000 | €34,000 | €34,000 | €34,000 | €34,000 | €34,000 | €34,000 | = |
| Reserves13 | €2,316 | €2,316 | €2,316 | €2,316 | €2,316 | €2,316 | €125,869 | €191,269 | ▲ 52.0% |
| Non-distributable reserves130/1 | - | - | - | €2,316 | €2,316 | €2,316 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €2,316 | €2,316 | €2,316 | - | - | - |
| Distributable reserves133 | - | - | - | - | - | - | €125,869 | €191,269 | ▲ 52.0% |
| Profit (loss) carried forward14 | -€9,039 | €3,389 | €44,710 | €46,692 | €64,311 | €78,622 | €78,622 | €78,622 | = |
| Provisions and deferred taxes16 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €20,000 | €20,000 | €20,000 | - | - | - |
| Major repairs and maintenance162 | - | - | - | €20,000 | €20,000 | €20,000 | - | - | - |
| Amounts payable17/49 | €393,009 | €357,173 | €425,246 | €472,624 | €364,705 | €337,386 | €549,862 | €608,540 | ▲ 10.7% |
| Amounts payable after more than one year17 | €274,658 | €245,001 | €265,329 | €222,232 | €186,689 | €156,639 | €165,144 | €133,080 | ▼ 19.4% |
| Financial debts170/4 | - | - | - | €222,232 | €186,689 | €156,639 | €165,144 | €133,080 | ▼ 19.4% |
| Amounts payable within one year42/48 | €118,351 | €112,172 | €159,917 | €250,393 | €178,016 | €180,747 | €384,589 | €475,330 | ▲ 23.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €43,071 | €36,070 | €30,050 | €43,545 | €55,611 | ▲ 27.7% |
| Trade debts44 | €58,606 | €33,136 | €76,373 | €149,040 | €80,110 | €93,005 | €200,474 | €223,434 | ▲ 11.5% |
| Suppliers440/4 | - | - | - | €149,040 | €80,110 | €93,005 | €200,474 | €223,434 | ▲ 11.5% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | €6,661 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €48,625 | €58,057 | €57,355 | €133,909 | €196,285 | ▲ 46.6% |
| Taxes450/3 | - | - | - | €28,340 | €30,138 | €30,938 | €96,282 | €115,603 | ▲ 20.1% |
| Remuneration and social security454/9 | - | - | - | €20,286 | €27,919 | €26,417 | €37,626 | €80,682 | ▲ 114% |
| Other amounts payable47/48 | - | - | - | €9,657 | €3,779 | €338 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €130 | €130 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,507 | €12,428 | €41,321 | €1,982 | €17,822 | €14,311 | €123,553 | €65,400 | ▼ 47.1% |
| + Depreciation and write-downs630 | €44,561 | €39,865 | €53,587 | €58,936 | €62,452 | €42,003 | €29,481 | €40,970 | ▲ 39.0% |
| Operating cash flow (approximation) | €40,054 | €52,293 | €94,908 | €60,918 | €80,275 | €56,313 | €153,034 | €106,370 | ▼ 30.5% |
| Investment in fixed assets (approximation) | - | -€6,316 | -€84,713 | -€65,659 | -€11,353 | -€19,214 | -€51,561 | -€18,886 | ▲ 63.4% |
| Change in cash | - | €7,149 | €30,336 | €25,684 | -€4,929 | €60,825 | €70,360 | €10,683 | ▼ 84.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 29 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-08-2026 | 2026-00498450 |
| 31-12-2024 | micro format | 31-07-2025 | 2025-00362556 |
| 31-12-2023 | full format | 24-10-2024 | 2024-00523881 |
| 31-12-2022 | full format | 17-11-2023 | 2023-00512852 |
| 31-12-2021 | full format | 08-02-2023 | 2023-00025564 |
| 31-12-2020 | full format | 31-10-2021 | 2021-76300587 |
| 31-12-2019 | full format | 04-01-2021 | 2021-00100241 |
| 31-12-2018 | full format | 06-01-2020 | 2020-00300009 |
| 31-12-2017 | full format | 28-09-2018 | 2018-66000525 |
| 31-12-2016 | full format | 07-11-2017 | 2017-69300591 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| SARRIS Savvas |
|
| MAZZARA Sabrina |
|
Owners and capital
Capital and shareholders
- SARRIS Savvas 967 shares
- SARRIS Krisovalatos Savvas Padelis 375 shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 13-12-2023 Converted to unavailable equity · €36,316
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
07-05
Gazette deed
Appointment: MAZZARA Sabrina (director)3 facts ▸
- General meeting, 01-04-2025
- Director appointment, MAZZARA Sabrina (director)
- Other provision, “second resolution item, Néant” (deed in French)
13-12
Gazette deed
Legal-form changeReappointment: SARRIS Savvas (director) · Incorporation · Shareholding19 facts ▸
- General meeting, 04-12-2023
- Incorporation, 30-09-1996
- Shareholding, 04-12-2023, 967
- Shareholding, 375
- Capital, €34,000
- Other provision, “matrimonial regime, séparation de biens pure et simple” (deed in French)
- Other provision, “Châtelet, marriage contract drafting” (deed in French)
- Other provision, “validity of meeting and waiver of convocation” (deed in French)
- Other provision, 27-11-2023
- Purpose change
- Legal-form conversion, “société à responsabilité limitée” (deed in French)
- Amendment of the articles
- +7 further facts in this act
Show earlier events
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 2 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
1 siteParcel delivery
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 52026D0204/00P002 | Wallonia | 520 m² | 1 · 15 m² | 7.1 m · 1 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Le commerce,sous toutes ses formes,notamment l’achat,l’installation,la vente au comptant ou à crédit,l’exportation,l’importation,la…” (deed in French)
17 activities (deed in French)
- Le commerce,sous toutes ses formes,notamment l’achat,l’installation,la vente au comptant ou à crédit,l’exportation,l’importation,la location,la représentation,l’entretien et la réparation,de tous appareils de télévision,de radiophonie,d’électroménagers et électroniques de tous genres,et de tous appareils de télévision,de radiophonie,d’électroménagers et électroniques de tous genre,et de tous appareils et articles quelconques à usage ménager ou domestiques,de même que tous accessoires et pièces détachées
- La représentation et le commerce,notamment l’achat et la vente,en gros et/ou détails,de produits alimentaires en tous genres,en ce compris les vins et spiritueux,ainsi que tout le matériel,l’équipement,l’outillage,les instruments et ustensiles ménagers ou électroménagers en rapport avec l’alimentation au sens large
- La formation ou le recyclage professionnel,c’est-à-dire l’enseignement se rapportant directement ou indirectement à l’apprentissage d’un métier ou d’une profession,au perfectionnement,au recyclage ou à l’éducation permanente
- L’optimisation du fonctionnement des entreprises privées ou publiques pour le conseil,l’étude,l’information,la sélection,la location,la fourniture,la réalisation de tous services,travaux ou matériels dans le cadre de la recherche,le développement ou de l’exploitation des techniques liées à la protection de l’environnement au sens le plus large du terme
- L’exercice du mandat d’administrateur dans toute société
- Toute opération d’achat,de vente,d’échange,de leasing,d’aliénation partielle ou totale,de promotion d’entretien,de réparation,de location,de gestion,de mise en valeur,d’exposition,de lotissement de tous immeubles ou parties divises ou indivises d’immeubles généralement quelconques
- Le transport national et international ainsi que le déménagement national et international
- Location de véhicules utilitaires avec et sans chauffeur
- Promotion immobilière,location de biens immobiliers
- Gestion immobilière
- Entreposage et stockage
- Consultance et formations
- Toute prestation de service pour compte de tiers tant avec son matériel que sur tout matériel mis à sa disposition.Il peut s’agir de travaux de type introduction de données,gestion de correspondance,préparation de mailing,gestion du secrétariat ou toute autre tâche analogue
- Toutes opérations se rapportant directement ou indirectement à la fourniture de conseils,en matière de gestion des entreprises;l’assistance à la création et au développement d’entreprises,notamment l’établissement de plans d’affaires et de plans financiers,la réalisation d’études en matière financière,commerciale et technique et la réalisation d’étude de marché ainsi que le conseil en investissement pour des personnes n’agissant elles-mêmes qu’à titre professionnel,de conseil en organisation,de formation et motivation.Cette énonciation n’est pas limitative,mais simplement exemplative
- Toutes opérations industrielles,commerciales,financières,immobilières ou mobilières,se rapportant directement ou indirectement,entièrement ou partiellement à son objet social
- Toute activité susceptible de favoriser la réalisation de son objet social,et participer à une telle activité de quelque façon que ce soit
- Participer dans ou fusionner avec d’autres sociétés ou entreprises qui peuvent contribuer à son développement ou le favoriser.Prendre des participations dans d’autres entreprises aux fins d’en retirer des profits
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- HELLAS EXPRESS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, par simple décision de l’organe d’administration des sièges administratifs,d’exploitation,agences et succursales en…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation, organe d'administration” (deed in French)“Assemblée générale, fixe ou proportionnelle” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Valeur fixée par expert commun accord ou défaut président tribunal de l'entreprise du siège statuant comme en référé, cession et…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Tuesday of May at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Décision assemblée générale délibérant dans formes prévues pour modifications aux statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Les plus étendus conférés par articles 2:87. et suivants CSA, Tribunal de l'Entreprise compétent” (deed in French)