KHOULS EXPRESS
ActiveThe computed 12-month bankruptcy probability of KHOULS EXPRESS is 7.9% (elevated). The annual accounts of KHOULS EXPRESS for fiscal year 2024 show a net loss of 60% of the equity at the start of that year. The 2024 annual accounts show equity of €19k and a net result of €-28k. Equity is shrinking by ~21.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 38% of 6718 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
23
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-85
Solvency51▼-16
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
7.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.83 against 1.43 in 2023; short-term debt: 55.8% and cash: 5.2% of total assets), and 73.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
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 · 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
26.1%
Return on assets
-38.9%
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 23-08-2025, 23 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
23 d late
2023
31 d late
2022
29 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€19k▼ 59.9%
2023 · €48k
2022: €33k
2023: €48k
2022 → 2024
Total assets
€73k▼ 35.2%
2023 · €113k
2022: €72k
2023: €113k
2022 → 2024
Net result
€-28k
2023 · €15k
2022: €28k
2023: €15k
2022 → 2024
Working capital
€-7k
2023 · €18k
2022: €17k
2023: €18k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€33k-€48k▲ 44.0%€19k▼ 59.9%
Operating result€34k-€19k▼ 44.7%€-28k
Net result€28k-€15k▼ 48.2%€-28k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €28k after €19k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €73k
Fixed assets
€39k▼ 25.1%
Current assets
€34k▼ 44.0%
Equity and liabilities €73k
Equity
€19k▼ 59.9%
Debt
€54k▼ 17.2%
The debt ratio rises from 57.9% to 73.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-16k▼
2023 · €30k
Cash flow
€-16k▼
2023 · €26k
Solvency
26.1%▼
2023 · 42.1%
Current ratio
0.83▼
2023 · 1.43
Quick ratio
0.83▼
2023 · 1.43
Debt / equity
2.84▲
2023 · 1.37
ROE
-149.4%▼
2023 · 30.5%
ROA
-38.9%▼
2023 · 12.9%
Interest coverage
-65.97▼
2023 · 59.01
Debt
€54k▼
2023 · €65k
Debt ≤ 1 year
€41k▼
2023 · €42k
Debt > 1 year
€13k▼
2023 · €23k
Staff costs
€17k▼
2023 · €21k
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€113k€73k▼
Fixed assets21/28€53k€39k▼
Tangible fixed assets22/27€51k€38k▼
Furniture and vehicles24€12k€8k▼
Leasing and similar rights25€39k€30k▼
Financial fixed assets28€2k€2k=
Current assets29/58€60k€34k▼
Amounts receivable within one year40/41€29k€28k▼
Trade receivables40€29k€28k▼
Cash at bank and in hand54/58€29k€4k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€113k€73k▼
Equity10/15€48k€19k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€43k€14k▼
Amounts payable17/49€65k€54k▼
Amounts payable after more than one year17€23k€13k▼
Financial debts170/4€23k€13k▼
Amounts payable within one year42/48€42k€41k▼
Current portion of amounts payable after more than one year42€7k€6k▼
Trade debts44€20k€25k▲
Suppliers440/4€20k€25k▲
Taxes, remuneration and social security45€12k€6k▼
Taxes450/3€9k€5k▼
Remuneration and social security454/9€2k€984▼
Other amounts payable47/48€3k€3k▲
Income statement
Code20232024
Remuneration, social security and pensions62€21k€17k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€12k▲
Other operating charges640/8€6k€6k▼
Non-recurring operating charges66A-€733
Gross operating margin9900€58k€7k▼
Operating profit (loss)9901€19k€-28k▼
Financial income75/76B€3-
Recurring financial income75€3-
Financial charges65/66B€512€242▼
Recurring financial charges65€512€242▼
Profit (loss) for the period before taxes9903€18k€-28k▼
Income taxes67/77€4k-
Profit (loss) for the period9904€15k€-28k▼
Profit (loss) for the period to be appropriated9905€15k€-28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€43k€14k▼
Profit (loss) brought forward from the previous period14P€28k€43k▲
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
23-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 23 days late
2024
31-12
Financial
Weakest financial yearnet €-28k ▼296%
Net result drops to €-28k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
02-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
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, Brussel · 1 establishment unit since 2021
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.
Arthur Maesstraat 1001130 BrusselGround area
3,627 m²
Building footprint
2,163 m²
Volume, LiDAR
17,347 m³
Parcel 21821C0148/00P000, Brussels · tallest building 16.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KHOULS EXPRESS
since 20212.320.055.995
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21821C0148/00P000 | Brussels | 3,627 m² | 1 · 2,163 m² | 16.8 m · 2 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
Legal Entity Identifier
254900R91VA3H3K3PN38
Similar companies · same sector, comparable size
PEHLIVAN GROUP
BE 1006.938.786
Zaventem · Eq €19k
ACHOUR TRANSPORT
BE 0789.477.654
Antwerpen · Eq €19k
SEV-GROUP
BE 1014.614.555
Vilvoorde · Eq €19k
DVEX
BE 0728.548.192
Elsene · Eq €19k
ZAYANE
BE 0771.281.246
Vilvoorde · Eq €19k
Of 12,606 companies in sector 49410 we hold annual accounts for 8,203. 4,906 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-07-2021
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
46190Agents in non-specialised wholesale trade
49420Removal services
53200Other postal and courier activities
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.