L&L EXPRESS

Active

Private limited companyfounded 20214 yrs activeHeideplaats 11, 2845 Niel, BelgiumKBO/BCE: BE 0777.287.823

The computed 12-month bankruptcy probability of L&L EXPRESS is 5.0% (elevated). The annual accounts of L&L EXPRESS for fiscal year 2024 show a net loss of 51% of total assets and of 98% of the equity at the start of that year. The 2024 annual accounts show equity of €5k and a net result of €-12k. Equity is shrinking by ~27.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 34% of 6717 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

22 / 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=

Solvency47▼-26

Growth32▼-20

Track record94

Bankruptcy probability, 12 months

5.0% Elevated

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity tight (current ratio 1.28 against 1.94 in 2023; short-term debt: 78% and cash: 1.8% of total assets), and 78% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

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 →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 2024

Solvency, return and age of the figures

Solvency

22%

Return on assets

-50.9%

Age of the figures

21 mo

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

222324

2022 to 2024 · latest year €-12k

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-07-2025, 22 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

not confirmed

2024

22 d early

2023

21 d late

2022

33 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€5k▼ 57.8%

2023 · €12k

2022: €12k 2023: €12k

2022 → 2024

Total assets

€24k▼ 7.5%

2023 · €25k

2022: €30k 2023: €25k

2022 → 2024

Net result

€-12k▼ 19.4%

2023 · €-10k

2022: €7k 2023: €-10k

2022 → 2024

Working capital

€5k▼ 58.0%

2023 · €12k

2022: €12k 2023: €12k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Equity€12k-€12k▲ 4.7%€5k▼ 57.8%

Operating result€12k-€-8k€-10k▼ 19.4%

Net result€7k-€-10k€-12k▼ 19.4%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €10k in 2024 against €8k in 2023; the loss grows and 2024 has the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Equity and liabilities €24k

22.0%

78.0%

Equity €5k▼ 57.8%

Debt €18k▲ 39.4%

The debt ratio rises from 51.8% to 78.0%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

Solvency

22.0%▼

2023 · 48.2%

Current ratio

1.28▼

2023 · 1.94

Quick ratio

1.28▼

2023 · 1.94

Debt / equity

3.55▲

2023 · 1.07

ROE

-231.9%▼

2023 · -81.9%

ROA

-50.9%▼

2023 · -39.5%

Debt

€18k▲

2023 · €13k

Debt ≤ 1 year

€18k▲

2023 · €13k

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€25k€24k▼

Current assets29/58€25k€24k▼

Amounts receivable within one year40/41€23k€22k▼

Trade receivables40€5k€2k▼

Other amounts receivable41€19k€20k▲

Cash at bank and in hand54/58€693€432▼

Deferred charges and accrued income490/1€1k€1k▼

Equity and liabilities

Total equity and liabilities10/49€25k€24k▼

Equity10/15€12k€5k▼

Contributions10/11€15k€20k▲

Reserves13€0-

Distributable reserves133€0-

Profit (loss) carried forward14€-3k€-15k▼

Amounts payable17/49€13k€18k▲

Amounts payable within one year42/48€13k€18k▲

Trade debts44€7k€5k▼

Suppliers440/4€7k€5k▼

Taxes, remuneration and social security45€5k€336▼

Taxes450/3€5k€336▼

Other amounts payable47/48€1k€13k▲

Accrued charges and deferred income492/3€34€0▼

Income statement Code20232024

Other operating charges640/8€4k€2k▼

Non-recurring operating charges66A-€2k

Gross operating margin9900€-4k€-7k▼

Operating profit (loss)9901€-8k€-10k▼

Financial income75/76B€1k€1k▲

Recurring financial income75€1k€1k▲

Financial charges65/66B€3k€3k▲

Recurring financial charges65€3k€3k▲

Profit (loss) for the period before taxes9903€-10k€-12k▼

Income taxes67/77€0-

Profit (loss) for the period9904€-10k€-12k▼

Profit (loss) for the period to be appropriated9905€-10k€-12k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-10k€-15k▼

Profit (loss) brought forward from the previous period14P-€-3k

Transfer from equity791/2€7k€0▼

Transfer to equity691/2€0-

To other reserves6921€0-

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 4Financial 1Filings 3

2025

09-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Weakest financial yearnet €-12k

Net result drops to €-12k, the lowest in the series.

21-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 21 days late

2023

28-06

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

no sitting director, no change since 2025

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

30-06-2025 Vincent Dams: Resigned as Director

30-12-2024 Peggy Cresens: Resigned as Director

15-09-2023 Dave Du Val: Resigned as Director

Location & real-estate footprint

Registered office, Niel · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Heideplaats 112845 Niel

Ground area

196 m²

Building footprint