IT EXPRESS SERVICE
ActiveSummary
The computed 12-month bankruptcy probability of IT EXPRESS SERVICE is 3.6% (moderate). The 2024 annual accounts show equity of €55k and a net result of €-1k. Equity is growing by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 32% of 36375 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
46
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability68▼-7
Solvency55▼-12
Growth52=
Track record94
Bankruptcy probability, 12 months
3.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity tight (current ratio 1.33 against 1.6 in 2023; short-term debt: 60.2% and cash: 11.8% of total assets), and 69.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
30.4%
Return on assets
-0.6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
41 d late
2022
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€55k▼ 2.0%
2023 · €56k
2022: €49k
2023: €56k
2022 → 2024
Total assets
€180k▲ 36.4%
2023 · €132k
2022: €101k
2023: €132k
2022 → 2024
Net result
€-1k
2023 · €7k
2022: €44k
2023: €7k
2022 → 2024
Working capital
€36k▲ 15.1%
2023 · €31k
2022: €34k
2023: €31k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€49k-€56k▲ 14.2%€55k▼ 2.0%
Operating result€44k-€8k▼ 82.1%€10k▲ 32.9%
Net result€44k-€7k▼ 84.2%€-1k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 33% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €180k
Fixed assets
€35k ▼ 26.8%
Current assets
€144k ▲ 73.1%
Equity and liabilities €180k
Equity
€55k ▼ 2.0%
Debt
€125k ▲ 64.5%
Debt's share of the balance-sheet total rises from 57.8% to 69.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€23k▲
2023 · €19k
Cash flow
€12k▼
2023 · €18k
Current ratio
1.33▼
2023 · 1.60
Quick ratio
0.96▼
2023 · 1.60
Debt to equity
2.29▲
2023 · 1.37
ROE
-2.0%▼
2023 · 12.4%
ROA
-0.6%▼
2023 · 5.3%
Interest coverage
24.93▲
2023 · 20.41
Debt ≤ 1 year
€108k▲
2023 · €52k
Debt > 1 year
€17k▼
2023 · €24k
Income taxes
€11k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 38 lines
Balance sheet
Code20232024
Assets
Total assets20/58€132k€180k▲
Fixed assets21/28€48k€35k▼
Tangible fixed assets22/27€48k€35k▼
Plant, machinery and equipment23€10k€9k▼
Furniture and vehicles24€38k€26k▼
Current assets29/58€83k€144k▲
Stocks and contracts in progress3-€41k
Stocks30/36-€41k
Amounts receivable within one year40/41€73k€82k▲
Trade receivables40€59k€30k▼
Other amounts receivable41€14k€52k▲
Cash at bank and in hand54/58€10k€21k▲
Deferred charges and accrued income490/1-€671
Equity and liabilities
Total equity and liabilities10/49€132k€180k▲
Equity10/15€56k€55k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€51k€50k▼
Amounts payable17/49€76k€125k▲
Amounts payable after more than one year17€24k€17k▼
Financial debts170/4€24k€17k▼
Amounts payable within one year42/48€52k€108k▲
Current portion of amounts payable after more than one year42€7k€7k▲
Trade debts44€45k€71k▲
Suppliers440/4€45k€71k▲
Taxes, remuneration and social security45-€30k
Taxes450/3-€30k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€13k▲
Other operating charges640/8€646€716▲
Gross operating margin9900€19k€24k▲
Operating profit (loss)9901€8k€10k▲
Financial charges65/66B€916€939▲
Recurring financial charges65€916€939▲
Profit (loss) for the period before taxes9903€7k€9k▲
Income taxes67/77-€11k
Profit (loss) for the period9904€7k€-1k▼
Profit (loss) for the period to be appropriated9905€7k€-1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€51k€50k▼
Profit (loss) brought forward from the previous period14P€44k€51k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €-1k ▼116%
Net result drops to €-1k, the lowest in the series.
10-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 41 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Courcelles · 1 establishment unit since 2022
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 Winston Churchill(CO) 2616180 CourcellesGround area
259 m²
Building footprint
46 m²
Volume, LiDAR
398 m³
Parcel 52322B0181/00A002, Wallonia · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
IT EXPRESS SERVICE
since 20222.327.760.963
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52322B0181/00A002 | Wallonia | 259 m² | 1 · 46 m² | 10.4 m · 3 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.
Similar companies · same sector, comparable size
Anniek Francken
BE 0674.867.503
Antwerpen · Eq €55,377
ED ELECTRIC
BE 0658.703.046
Anderlecht · Eq €53,575
TIMMERMANS-SWITTEN
BE 0821.902.180
As · Eq €55,745
NKB Group
BE 1007.157.730
Zonhoven · Eq €55,853
NACH-TECH
BE 0691.823.004
Lokeren · Eq €56,388
Of 1,123 companies in sector 43212 we hold annual accounts for 420. 357 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-02-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43212Electrical installation work in industrial facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.