KG EXPRESS
ActiveThe computed 12-month bankruptcy probability of KG EXPRESS is 3.3% (moderate). The annual accounts of KG EXPRESS for fiscal year 2024 show a net loss of 52% of the equity at the start of that year. The 2024 annual accounts show equity of €32k and a net result of €-35k. Equity is growing by ~21.1% per year across the filed fiscal years. Its solvency ranks better than 44% of 725 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
42
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-96
Solvency52▼-7
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 7.06 against 1.16 in 2023; short-term debt: 9.5% and cash: 15.1% of total assets), but 73% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 53
Relative position
BE, all sectors
reference
Sector 53
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
27%
Return on assets
-29.3%
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 09-10-2025, 70 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
70 d late
2023
14 d early
2022
340 d late
2021
17 d late
2020
88 d late
2019
214 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€53k
EBIT margin
-3.0%
Net result
€-35k
2023 · €43k
2018: €1k
2019: €-2k
2020: €10k
2021: €14k
2022: €-6k
2023: €43k
2018 → 2024
Working capital
€69k▲ 250%
2023 · €20k
2018: €-24k
2019: €-81k
2020: €-92k
2021: €-77k
2022: €-86k
2023: €20k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€16k-€31k▲ 87.2%€25k▼ 20.3%€68k▲ 176%€32k▼ 52.1%
Operating result€10k-€15k▲ 46.9%€-5k€53k€-34k
Net result€10k-€14k▲ 44.5%€-6k€43k€-35k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €34k after €53k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €120k
Fixed assets
€39k▼ 31.2%
Current assets
€81k▼ 42.9%
Equity and liabilities €120k
Equity
€32k▼ 52.1%
Debt
€88k▼ 32.9%
The debt ratio rises from 65.9% to 73.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-5k▼
2023 · €102k
Cash flow
€-6k▼
2023 · €91k
Solvency
27.0%▼
2023 · 34.1%
Current ratio
7.06▲
2023 · 1.16
Quick ratio
7.06▲
2023 · 1.16
Debt / equity
2.71▲
2023 · 1.93
ROE
-108.8%▼
2023 · 63.7%
ROA
-29.3%▼
2023 · 21.7%
Interest coverage
-3.90▼
2023 · 103.94
Debt
€88k▼
2023 · €131k
Debt ≤ 1 year
€11k▼
2023 · €121k
Debt > 1 year
€76k▲
2023 · €9k
Staff costs
€108k▼
2023 · €166k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€198k€120k▼
Fixed assets21/28€57k€39k▼
Tangible fixed assets22/27€57k€39k▼
Furniture and vehicles24€37k€26k▼
Leasing and similar rights25€20k€13k▼
Financial fixed assets28€0-
Current assets29/58€141k€81k▼
Amounts receivable within one year40/41€65k€60k▼
Trade receivables40€49k€58k▲
Other amounts receivable41€16k€3k▼
Cash at bank and in hand54/58€75k€18k▼
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€198k€120k▼
Equity10/15€68k€32k▼
Contributions10/11€9k€9k=
Capital10€9k€9k=
Issued capital100€19k€19k=
Uncalled capital101€10k€10k=
Profit (loss) carried forward14€59k€23k▼
Amounts payable17/49€131k€88k▼
Amounts payable after more than one year17€9k€76k▲
Financial debts170/4€9k€76k▲
Amounts payable within one year42/48€121k€11k▼
Current portion of amounts payable after more than one year42€18k€6k▼
Financial debts43€5k-
Credit institutions430/8€5k-
Trade debts44€66k€3k▼
Suppliers440/4€66k€3k▼
Taxes, remuneration and social security45€30k€3k▼
Taxes450/3€30k-
Remuneration and social security454/9€433€3k▲
Other amounts payable47/48€2k-
Income statement
Code20232024
Remuneration, social security and pensions62€166k€108k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48k€29k▼
Other operating charges640/8€3k€4k▲
Gross operating margin9900€271k€107k▼
Operating profit (loss)9901€53k€-34k▼
Financial income75/76B-€198
Recurring financial income75-€198
Non-recurring financial income76B-€198
Financial charges65/66B€977€1k▲
Recurring financial charges65€977€1k▲
Profit (loss) for the period before taxes9903€52k€-35k▼
Income taxes67/77€9k-
Profit (loss) for the period9904€43k€-35k▼
Profit (loss) for the period to be appropriated9905€43k€-35k▼
Appropriation of the result
Profit (loss) to be appropriated9906€59k€23k▼
Profit (loss) brought forward from the previous period14P€16k€59k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 70 days late
2024
31-12
Financial
Weakest financial yearnet €-35k ▼182%
Net result drops to €-35k, the lowest in the series.
31-12
Financial
Liquidity times 6current ratio 7.06
Current ratio from 1.16 to 7.06; short-term debt falls from €121k to €11k.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 340 days late
2023
31-12
Financial
Back to profitnet €43k
Net result €43k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.16
Current ratio from 0.57 to 1.16; short-term debt falls from €199k to €121k.
2022
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 88 days late
02-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 214 days late
2020
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
06-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 37 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Esneux · 1 establishment unit since 2015
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 de Waha 84130 EsneuxGround area
333 m²
Building footprint
102 m²
Volume, LiDAR
853 m³
2 parcels, Wallonia · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
KG EXPRESS
since 20152.245.771.813
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62101D0460/00G004 | Wallonia | 170 m² | 1 · 54 m² | 10.5 m · 3 fl. |
| 62101C0013/00R003 | Wallonia | 162 m² | 1 · 49 m² | 9.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 siteEsneux2.245.771.813
Parcel delivery
Notified to the BIPT
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Of 4,907 companies in sector 53200 we hold annual accounts for 1,329. 1,111 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-09-2015
Fiscal year end31-12
Activities, NACEBEL
53200Other postal and courier activities
49310Scheduled passenger transport by road
49410Freight transport by road
49420Removal services
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.