Equity
€22,400 ▲ 3.0%
NET EXPRESS has made a profit without a break since 2022.
NET EXPRESS
Lifetime
9 annual accounts with figures on one time axispeak €82,971 (2024)
€75,116▼ 9.5%
lowest -€8,460 (2020)
€659▼ 96.0%
peak €22,400 (2025)
€22,400▲ 3.0%
€29,763▼ 61.5%
Board2 names since 2021
1 directorBRUGMA Thierry
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Result from €16,452 to €659Change of role: BRUGMA Thierry, from manager to director 29-07Debts from €77,291 to €29,763Cash from €30,680 to €11,580
Key points
from the 2025 annual accountsChecked score
56
Fair
Financially stronger than 52% of micro companies in postal and courier (NACE 53)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 2.6% across 916 companies (NACE 53, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.4%
01-2025: 1.9%▼ -0.5 percentage points vs 12-2024
02-2025: 1.9%● unchanged vs 01-2025
03-2025: 1.9%● unchanged vs 02-2025
04-2025: 2.0%▲ +0.1 percentage points vs 03-2025
05-2025: 1.9%▼ -0.1 percentage points vs 04-2025
06-2025: 1.9%● unchanged vs 05-2025
07-2025: 2.2%▲ +0.3 percentage points vs 06-2025
08-2025: 2.8%▲ +0.6 percentage points vs 07-2025highest value
09-2025: 1.2%▼ -1.6 percentage points vs 08-2025
10-2025: 1.2%● unchanged vs 09-2025
11-2025: 1.2%● unchanged vs 10-2025
12-2025: 1.2%● unchanged vs 11-2025
01-2026: 1.2%● unchanged vs 12-2025
02-2026: 1.1%▼ -0.1 percentage points vs 01-2026
03-2026: 1.1%● unchanged vs 02-2026
04-2026: 1.2%▲ +0.1 percentage points vs 03-2026
05-2026: 1.2%● unchanged vs 04-2026
06-2026: 1.1%▼ -0.1 percentage points vs 05-2026lowest value
07-2026: 1.3%▲ +0.2 percentage points vs 06-2026
08-2026: 1.8%▲ +0.5 percentage points vs 07-2026
09-2026: 1.7%▼ -0.1 percentage points vs 08-2026
10-2026: 1.7%● unchanged vs 09-2026
11-2026: 1.7%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Postal and courier activities (NACE 53)
Size: total assets €52,164
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
lowers risk
Liquidity: current ratio 0.53, cash €11,580, halved
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 53, micro). It does better than 61% of them on solvency, 56% on liquidity, 47% on profitability and 43% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 10,904 companies had the same profile as NET EXPRESS has now. Each dot stands for 28 companies, two years later.
95.1%
were still trading
4.0%
stopped another way
0.7%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of NET EXPRESS itself is higher: 1.7% within 12 months. It rests on far more data about NET EXPRESS than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 10,904 companies, not a prediction for NET EXPRESS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.53 (0.9 in 2024), below 1. Short-term debt is 57.1% and cash 22.2% of total assets. 57.1% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €22,400
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 9 filingsDeviation from the deadline
2025
31 days late
2024
27 days late
2023
27 days late
2022
17 days early
2021
6 days early
2020
52 days late
2019
84 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 28 days after the deadline. In the sector (NACE 53), the median for financial year 2024 was 13 days after the deadline, and 56% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 August (4 of the last 5 accounts filed within 33 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0665882828
Change of role: BRUGMA Thierry, from manager to director
Resignation: BRUGMA Thibaut (director) · General meeting of 17-07-2025 · Gazette deed
New establishment in Zaventem
Vierwinden 1
Appointment: Brugma Thibaut (director)
General meeting of 12-08-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| NET EXPRESS Grez-Doiceau | €52,164 | €75,116 | 42.9% | - |
| Y Consultancy Roeselare | €49,434 | €94,291 | 57.7% | - |
| Atlas Business Courrier Liège | €42,319 | €50,590 | -244.1% | - |
| JEBRIL COMPANY Molenbeek-Saint-Jean | €73,306 | €79,000 | 57.8% | - |
| MK LUXE Vilvoorde | €68,449 | €82,044 | 76.5% | - |
| TIM VAN DER LINDEN Puurs-Sint-Amands | €49,022 | €51,649 | 23.7% | - |
| HASNA ET FILS Seraing | €74,075 | €84,741 | 45.3% | - |
These companies have the same main activity as NET EXPRESS: other postal and courier activities (NACE 53200). They are comparable in size and age: total assets between €42,300 and €74,100, founded between 2013 and 2018.
Official details
Source: KBO- Status
- Active since 09-11-2016Normal situation
- Activity
- Other postal and courier activitiesNACE 53200and 1 other
- Establishment units
- 2.291.240.6611390 Grez-Doiceau, since 09-11-2016
- 2.358.157.4961930 Zaventem, since 01-01-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 19-12-2025
Insights on NET EXPRESS
NET EXPRESS files the micro format. That format states no turnover. The gross margin rose from -€1,600 in 2017 to €75,116 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about NET EXPRESS
- What is the company number of NET EXPRESS?
- The company number of NET EXPRESS is 0665.882.828. The VAT number is the same number with BE in front: BE 0665.882.828.
- Where is NET EXPRESS based?
- The registered office is at Pierre des Béguines 10, 1390 Grez-Doiceau.Company details
- What does NET EXPRESS do?
- According to the KBO register, the main activity is other postal and courier activities (NACE 53200).
- What is the legal form of NET EXPRESS?
- NET EXPRESS is a private limited company (BV).
- When was NET EXPRESS founded?
- NET EXPRESS was founded on 09-11-2016.
- Is NET EXPRESS still active?
- Yes, NET EXPRESS is an active enterprise in the KBO register.
- What is the turnover of NET EXPRESS?
- The turnover in financial year 2025 is ≈ €230,000. This figure is estimated from the gross margin of €75,116 and 2,667 comparable companies of the same size. It probably lies between €150,000 and €390,000. It is a rough estimate.Financials
- Is NET EXPRESS profitable?
- In financial year 2025, NET EXPRESS made a profit of €659.
- Where can I find the annual accounts of NET EXPRESS?
- NET EXPRESS filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of NET EXPRESS due?
- NET EXPRESS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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