Maroc-Express
ActiveMaroc-Express has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €304k and a net result of €195k. Equity is growing by ~33.8% per year across the filed fiscal years. Its solvency ranks better than 90% of 6717 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+4
Solvency100▲+14
Growth85=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity ample (current ratio 6.67 against 2.56 in 2023; short-term debt: 15% and cash: 5.2% of total assets), and 15% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
85%
Return on assets
54.6%
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 28-08-2025, 28 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
30 d late
2022
239 d late
2021
60 d late
2020
26 d late
2018
56 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€309k▲ 102%
2023 · €154k
2018: €22k
2020: €52k
2021: €98k
2022: €111k
2023: €154k
2018 → 2024
EBIT margin
62.6%▲ 31.7pp
2023 · 31.0%
2018: -41.6%
2020: 4.5%
2021: 19.7%
2022: 17.5%
2023: 31.0%
2018 → 2024
Net result
€195k▲ 448%
2023 · €36k
2018: €-9k
2020: €2k
2021: €15k
2022: €16k
2023: €36k
2018 → 2024
Working capital
€303k▲ 185%
2023 · €106k
2018: €10k
2020: €43k
2021: €58k
2022: €73k
2023: €106k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€52k-€98k▲ 86.3%€111k▲ 13.5%€154k▲ 38.3%€309k▲ 102%
Equity€43k-€58k▲ 35.5%€73k▲ 26.9%€109k▲ 48.7%€304k▲ 180%
Operating result€2k-€19k▲ 724%€19k▲ 0.7%€48k▲ 145%€194k▲ 307%
Net result€2k-€15k▲ 545%€16k▲ 2.6%€36k▲ 130%€195k▲ 448%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 307% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €358k
Fixed assets
€928▼ 62.5%
Current assets
€357k▲ 104%
Equity and liabilities €358k
Equity
€304k▲ 180%
Debt
€53k▼ 21.6%
The debt ratio falls from 38.5% to 15.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€195k▲
2023 · €48k
Cash flow
€197k▲
2023 · €36k
Solvency
85.0%▲
2023 · 61.5%
Current ratio
6.67▲
2023 · 2.56
Quick ratio
6.67▲
2023 · 2.56
Debt / equity
0.18▼
2023 · 0.63
ROE
64.2%▲
2023 · 32.8%
ROA
54.6%▲
2023 · 20.1%
Interest coverage
1396.01▲
2023 · 1040.15
Debt
€53k▼
2023 · €68k
Debt ≤ 1 year
€53k▼
2023 · €68k
Income taxes
€-2k▼
2023 · €12k
Staff costs
€33k▲
2023 · €33k
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€177k€358k▲
Fixed assets21/28€2k€928▼
Tangible fixed assets22/27€2k€928▼
Furniture and vehicles24€2k€928▼
Current assets29/58€175k€357k▲
Amounts receivable within one year40/41€173k€338k▲
Trade receivables40€164k€324k▲
Other amounts receivable41€9k€14k▲
Cash at bank and in hand54/58€1k€19k▲
Equity and liabilities
Total equity and liabilities10/49€177k€358k▲
Equity10/15€109k€304k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€90k€285k▲
Amounts payable17/49€68k€53k▼
Amounts payable within one year42/48€68k€53k▼
Taxes, remuneration and social security45€34k€24k▼
Taxes450/3€24k€21k▼
Remuneration and social security454/9€10k€3k▼
Other amounts payable47/48€34k€30k▼
Income statement
Code20232024
Turnover70€154k€309k▲
Goods, raw materials, services and sundry goods60/61€72k€75k▲
Remuneration, social security and pensions62€33k€33k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€618€2k▲
Other operating charges640/8€480€6k▲
Gross operating margin9900€81k€235k▲
Operating profit (loss)9901€48k€194k▲
Financial charges65/66B€46€140▲
Recurring financial charges65€46€140▲
Profit (loss) for the period before taxes9903€48k€194k▲
Income taxes67/77€12k€-2k▼
Profit (loss) for the period9904€36k€195k▲
Profit (loss) for the period to be appropriated9905€36k€195k▲
Appropriation of the result
Profit (loss) to be appropriated9906€90k€285k▲
Profit (loss) brought forward from the previous period14P€55k€90k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Highest result since 2018net €195k ▲448%
Operating result €194k, net result €195k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 6.67
Current ratio from 2.56 to 6.67; short-term debt falls from €68k to €53k.
31-12
Financial
Equity above €200kEq €304k ▲180%
5 profitable years in a row build equity to €304k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
26-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 239 days late
2023
31-12
Financial
Equity above €100kEq €109k ▲48.7%
4 profitable years in a row build equity to €109k.
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
2019
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 56 days late
2018
24-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 85 days late
2017
14-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Antwerpen · 1 establishment unit since 2016
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.
Drink 132140 AntwerpenGround area
2,227 m²
Building footprint
741 m²
Volume, LiDAR
8,165 m³
Parcel 11312A0760/00N000, Flanders · tallest building 24.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
NOOR TRANSPORT
since 20162.252.566.068
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11312A0760/00N000 | Flanders | 2,227 m² | 1 · 741 m² | 24.3 m · 1 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.
Similar companies · same sector, comparable size
VANSTEENKISTE FREDERIC
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Transport André Van Uytsel
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TRANSPORT MAERIVOET
BE 0478.595.624
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EFFICIENT LOGISTICS SERVICES
BE 0598.997.863
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Of 12,606 companies in sector 49410 we hold annual accounts for 8,199. 5,839 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded08-04-2016
Fiscal year end31-12
Activities, NACEBEL
47789Other retail sale of new goods
49410Freight transport by road
49200Land transport and transport via pipelines
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.