KASHMIR EXPRESS
InactiveKASHMIR EXPRESS was declared bankrupt on 23-05-2024 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 16-09-2025, published in the Belgian State Gazette on 23-09-2025.
Summary
Inactive; last annual accounts for fiscal year 2023.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline30-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 11-04-2024, 111 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
111 d early
2021
107 d late
2020
415 d late
2019
145 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 139 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
Financials · fiscal year 2023, micro schema
Turnover
€906,470
EBIT margin
68.2%
Net result
€614,554▲ 5,456%
2021 · €11,061
Working capital
€780,389▲ 4,890%
2021 · €15,640
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2019202020212023
Turnover€906,470-
Operating result-€1,748--€10,503▼ 501%€16,028€618,550-
Net result-€3,894--€14,077▼ 262%€11,061€614,554-
EBIT margin68.2%-
Equity€1,106-€7,029▲ 535%€18,090▲ 157%€783,119-
Total assets€19,691-€121,472▲ 517%€169,079▲ 39.2%€792,163-
Debt€18,585-€114,443▲ 516%€150,989▲ 31.9%€9,044-
Working capital€6,621-€3,330▼ 49.7%€15,640▲ 370%€780,389-
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €618,550 in 2023, compared with €16,028 in 2021. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2023 in colour, 2021 as the grey bar beneath
Assets €792,163
Fixed assets
€2,730 =
Current assets
€789,433 ▲ 377%
Equity and liabilities €792,163
Equity
€783,119 ▲ 4,229%
Debt
€9,044 ▼ 94.0%
Debt's share of the balance-sheet total falls from 89.3% to 1.1%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
87.29▲
2021 · 1.10
Quick ratio
47.94▲
2021 · 0.61
Debt to equity
0.01▼
2021 · 8.35
ROE
78.5%▲
2021 · 61.1%
ROA
77.6%▲
2021 · 6.5%
Debt ≤ 1 year
€9,044▼
2021 · €149,989
Staff costs
€20,412
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2023 | Change |
|---|---|---|---|---|---|
| Turnover70 | - | - | - | €906,470 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €266,996 | - |
| Remuneration, social security and pensions62 | - | - | - | €20,412 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €249 | - | - | - |
| Other operating charges640/8 | - | €3,253 | €1,785 | €515 | - |
| Gross operating margin9900 | €1,973 | -€7,000 | €17,813 | €639,477 | - |
| Operating profit (loss)9901 | -€1,748 | -€10,503 | €16,028 | €618,550 | - |
| Financial income75/76B | - | - | €1 | - | - |
| Recurring financial income75 | €0 | - | €1 | - | - |
| Financial charges65/66B | - | €3,574 | €4,968 | €3,996 | - |
| Recurring financial charges65 | €2,145 | €3,574 | €4,968 | €3,996 | - |
| Profit (loss) for the period before taxes9903 | -€3,894 | -€14,077 | €11,061 | €614,554 | - |
| Profit (loss) for the period9904 | -€3,894 | -€14,077 | €11,061 | €614,554 | - |
| Profit (loss) for the period to be appropriated9905 | -€3,894 | -€14,077 | €11,061 | €614,554 | - |
| Line | 2019 | 2020 | 2021 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €19,691 | €121,472 | €169,079 | €792,163 | - |
| Formation expenses20 | €1,218 | €969 | €720 | - | - |
| Fixed assets21/28 | €30 | €2,730 | €2,730 | €2,730 | - |
| Tangible fixed assets22/27 | - | - | - | €0 | - |
| Plant, machinery and equipment23 | - | - | - | €0 | - |
| Financial fixed assets28 | €30 | €2,730 | €2,730 | €2,730 | - |
| Current assets29/58 | €18,443 | €117,773 | €165,629 | €789,433 | - |
| Stocks and contracts in progress3 | €5,750 | €71,222 | €74,715 | €355,841 | - |
| Stocks30/36 | - | €71,222 | €74,715 | €355,841 | - |
| Amounts receivable within one year40/41 | €6,411 | €22,975 | €83,944 | €52,109 | - |
| Trade receivables40 | - | - | €56,066 | €52,032 | - |
| Other amounts receivable41 | - | €22,975 | €27,878 | €77 | - |
| Cash at bank and in hand54/58 | €6,047 | €17,373 | €4,963 | €381,233 | - |
| Deferred charges and accrued income490/1 | - | €6,202 | €2,008 | €250 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €19,691 | €121,472 | €169,079 | €792,163 | - |
| Equity10/15 | €1,106 | €7,029 | €18,090 | €783,119 | - |
| Contributions10/11 | €5,000 | €25,000 | €25,000 | €25,000 | - |
| Capital10 | - | €5,000 | €5,000 | €5,000 | - |
| Issued capital100 | - | €5,000 | €5,000 | €5,000 | - |
| Outside capital11 | - | €20,000 | €20,000 | €20,000 | - |
| Other1109/19 | - | €20,000 | €20,000 | €20,000 | - |
| Profit (loss) carried forward14 | -€3,894 | -€17,971 | -€6,910 | €758,119 | - |
| Amounts payable17/49 | €18,585 | €114,443 | €150,989 | €9,044 | - |
| Amounts payable within one year42/48 | €11,823 | €114,443 | €149,989 | €9,044 | - |
| Trade debts44 | €5,373 | €50,864 | €1,800 | €2,364 | - |
| Suppliers440/4 | - | €50,864 | €1,800 | €2,364 | - |
| Other amounts payable47/48 | - | €63,579 | €148,189 | €6,680 | - |
| Accrued charges and deferred income492/3 | - | - | €1,000 | - | - |
| Line | 2019 | 2020 | 2021 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,894 | -€14,077 | €11,061 | €614,554 | - |
| + Depreciation and write-downs630 | - | €249 | - | - | - |
| Operating cash flow (approximation) | -€3,894 | -€13,828 | €11,061 | €614,554 | - |
| Investment in fixed assets (approximation) | - | -€2,949 | €0 | - | - |
| Change in cash | - | €11,326 | -€12,410 | - | - |
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
2025
23-09
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 16-09-2025
2024
29-05
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 23-05-2024
03-05
KBO administration
Address struck
event 09-03-2024
11-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2019net €614,554 ▲5,456%
Operating result €618,550, net result €614,554, both a record.
31-12
Financial
Liquidity times 79current ratio 87.29
Current ratio from 1.10 to 87.29; short-term debt falls from €149,989 to €9,044.
31-12
Financial
Equity above €500,000Eq €783,119 ▲4,229%
2 profitable years in a row build equity to €783,119.
2022
15-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 107 days late
19-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 415 days late
2021
31-12
Financial
Back to profitnet €11,061
Net result €11,061 after 2 loss-making years.
2020
31-12
Financial
Weakest financial yearnet -€14,077
Net result drops to -€14,077, the lowest in the series.
23-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 145 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
11 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JAN BERGMANS EIKENSTRAAT 80, 2840 RUMST- |
23-05-2024 → 16-09-2025 |
Identification & contact
Identification
Legal formBV
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.