Checked.be
Active
BE 0877.317.389Private limited company
L'EXPRESS
Wollestraat 30 ·8000 Brugge, Belgium· 20 yrs active
Sector: Limited-service restaurants, excluding mobile food services
(56112)
Conclusion
The computed 12-month bankruptcy probability of L'EXPRESS is 1.5% (moderate). The 2025 annual accounts show equity of €61k and a net result of €-6k. Equity is growing by ~41.6% per year across the filed fiscal years. Its solvency ranks better than 42% of 12499 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €61k |
| Net result | €-6k |
| Staff (FTE) | 1 |
| Better than sector | 42% |
Financial profile
45
/ 100
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
40
Profitability
0
Solvency
35
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2005, 20 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
40
/ 100
Weak
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€3k
estimate, not credit advice
Score history
50
2021
58
2022
86
2023
68
2024
40
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.23 (≥ 1.0)
+5
Quick ratio
Quick ratio 1.23 (≥ 1.0)
+5
Leverage
Debt/equity 3.60 (> 3.0)
-10
Profitability
Negatieve ROE -10%
-10
Interest coverage
Interest coverage 1.6×
+3
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 02-02-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~41.6%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 56, Food and beverage service activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 21.8% | 30.5% | |
| Net result | €-6k | €5k | |
| Equity | €61k | €30k | |
| Gross operating margin | €59k | €62k | |
| Staff costs | €45k | €56k |
€11k
-58.7%
21-25
€-6k
-
21-25
€14k
-43.8%
21-25
€278k
-5.8%
21-25
€61k
-9.2%
21-25
€41k
-2.8%
21-25
1
0.0%
21-25
€45k
+13.5%
21-25
€313
-93.5%
21-25
€218k
-4.7%
21-25
€179k
+2.7%
21-25
€39k
-28.6%
21-25
1.23
-1.0%
21-25
1.23
-1.0%
21-25
21.8%
-3.7%
21-25
3.60
+4.9%
21-25
-10.2%
-
21-25
-2.2%
-
21-25
1.59
-77.4%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €11k | €26k | €23k | €5k | €5k |
| Net profit | €-6k | €14k | €29k | €7k | €-5k |
| Cash flow | €14k | €25k | €30k | €7k | €-5k |
| Staff costs | €45k | €40k | €82 | €385 | - |
| Income taxes | €313 | €5k | - | €0 | €50 |
| Dividends | - | - | - | - | - |
| Total assets | €278k | €296k | €184k | €149k | €120k |
| Equity | €61k | €67k | €52k | €23k | €16k |
| Debt | €218k | €229k | €131k | €126k | €104k |
| of which ≤ 1y | €179k | €175k | €131k | €121k | €104k |
| of which > 1y | €39k | €54k | - | €4k | - |
| Working capital | €41k | €42k | €47k | €24k | €12k |
| Employees (FTE) | 1.0 | 1.0 | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.23 | 1.24 | 1.35 | 1.20 | 1.12 |
| Quick ratio | 1.23 | 1.24 | 1.35 | 1.19 | 1.12 |
| Working capital ratio | 14.6% | 14.2% | 25.3% | 16.1% | 10.3% |
| Solvency | 21.8% | 22.6% | 28.6% | 15.5% | 13.3% |
| Debt / equity | 3.60 | 3.43 | 2.50 | 5.46 | - |
| Long-term debt ratio | 0.64 | 0.81 | - | 0.18 | - |
| Interest coverage | 1.59 | 7.05 | 9.34 | 1.24 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -2.2% | 4.8% | 16.0% | 4.7% | -4.1% |
| ROE | -10.2% | 21.4% | 56.0% | 30.5% | -31.0% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €278k | €296k | €184k | €149k | €120k |
| Fixed assets | 21/28 | €59k | €79k | €6k | €4k | €4k |
| Tangible fixed assets | 22/27 | €51k | €71k | €2k | - | €272 |
| Financial fixed assets | 28 | €8k | €8k | €4k | €4k | €4k |
| Current assets | 29/58 | €220k | €216k | €178k | €145k | €116k |
| Stocks & contracts in progress | 3 | €325 | €307 | €296 | €326 | €435 |
| Amounts receivable within one year | 40/41 | €197k | €184k | €158k | €120k | €102k |
| Cash & bank | 54/58 | €18k | €25k | €19k | €24k | €14k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €278k | €296k | €184k | €149k | €120k |
| Equity | 10/15 | €61k | €67k | €52k | €23k | €16k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | - |
| Reserves | 13 | €2k | €2k | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €40k | €46k | €31k | €2k | €-5k |
| Amounts payable | 17/49 | €218k | €229k | €131k | €126k | €104k |
| Amounts payable after one year | 17 | €39k | €54k | - | €4k | - |
| Amounts payable within one year | 42/48 | €179k | €175k | €131k | €121k | €104k |
| Trade debts payable within one year | 44 | €14k | €9k | €5k | €11k | €14k |
| Income statement | ||||||
| Gross operating margin | 9900 | €59k | €70k | €24k | €6k | €6k |
| Operating result | 9901 | €-10k | €15k | €23k | €4k | €4k |
| Financial income | 75 | €11k | €8k | €9k | €6k | €5k |
| Financial charges | 65 | €7k | €4k | €2k | €4k | €4k |
| Result before taxes | 9903 | €-6k | €19k | €29k | €7k | €6k |
| Income taxes | 67/77 | €313 | €5k | - | €0 | €50 |
| Net result for the period | 9904 | €-6k | €14k | €29k | €7k | €6k |
| Result to be appropriated | 9905 | €-6k | €14k | €29k | €7k | €6k |
Directors & mandates
Current directors & mandates
-
KHAMMAL RidaDirectorState Gazette act 24303401 (03-01-2024)Current03-01-2024 → present
Legal Structure
| NACE primary | Limited-service restaurants, excluding mobile food services(56112) |
| Legal form | Private limited company(610) |
| Incorporation | 17-11-2005 |
| Status | Active |
| Postal code | 8000 |
Establishment units
Delicious
since 20052.150.108.037
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31803C0194/00A000 ProtectedTownscape or village viewDijver, Arentshuis, Gruuthuse en Onze-Lieve-Vrouwekerk met omgevingSource ↗ |
Flanders | 63 m² | 1 · 57 m² | 13.0 m · 4 fl. |
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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Updates
Next filing, fiscal year 2026, expected by
2026
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
30-06
Financial
Weakest financial yearnet €-6k ▼143%
Net result drops to €-6k, the lowest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 302 days late
03-01
State Gazette act
Statutes amendment
v3.2
2023
30-06
Financial
Highest result since 2021net €29k ▲318%
Operating result €23k, net result €29k, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
17-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2021
17-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 320 days late
2020
10-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
15-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 104 days late
2018
04-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
01-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
All acts · 1
updated 2 years ago
2024
03-01-2024 Articles of association amended
Summary:
v3.2
Technical details
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"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"name_change": {
"new": "",
"old": "",
"changed": false
},
"seat_change": {
"changed": true
},
"object_change": {
"changed": true
},
"subject_company": {
"kbo": "0877.317.389",
"name_full": "L\u0027EXPRESS"
},
"legal_form_change": {
"new": "Besloten vennootschap",
"old": "Besloten vennootschap met beperkte aansprakelijkheid",
"changed": false
}
}Credit advice
Company registry (CBE)
Activities
55302Full-service restaurants56101Limited-service restaurants56102Full-service restaurants56111Limited-service restaurants, excluding mobile food services56112
Names & trade names
| Legal nameNL | L'EXPRESS |
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