PIZZA EXPRESS

Active

Private limited companyfounded 20197 yrs activeRue 't Serstevens(THN) 62, 6530 Thuin, BelgiumKBO/BCE: BE 0728.470.691

The computed 12-month bankruptcy probability of PIZZA EXPRESS is 2.8% (moderate). The 2025 annual accounts show negative equity (€-9k) and a net result of €-28k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 18039 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

25 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0▼-71

Solvency12▼-37

Growth78=

Track record100

Bankruptcy probability, 12 months

2.8% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.37 against 0.63 in 2024; short-term debt: 113% and cash: 16% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

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

+raises risk○neutral

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 2025

Solvency, return and age of the figures

Solvency

-13%

Return on assets

-40.5%

Age of the figures

9 mo

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

202122232425

2020 to 2025 · latest year €-9k

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-03-2026, 143 days ahead of the deadline.

NBB · 6 filings

Deviation from the deadline

2025

143 d early

2024

20 d late

2023

92 d late

2022

63 d late

2021

331 d late

2020

696 d late

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

16-09-2026 today31-12-2026 close31-07-2027 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 2025, micro schema

Equity

€-9k

2024 · €19k

2020: €-32k 2021: €58k 2022: €8k 2023: €18k 2024: €19k

2020 → 2025

Total assets

€70k▼ 13.5%

2024 · €81k

2020: €157k 2021: €154k 2022: €82k 2023: €90k 2024: €81k

2020 → 2025

Net result

€-28k

2024 · €2k

2020: €-32k 2021: €88k 2022: €-68k 2023: €9k 2024: €2k

2020 → 2025

Working capital

€-50k▼ 115%

2024 · €-23k

2020: €-103k 2021: €-32k 2022: €-64k 2023: €-41k 2024: €-23k

2020 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€58k-€8k▼ 85.8%€18k▲ 113%€19k▲ 9.0%€-9k

Operating result€108k-€-61k€13k€4k▼ 67.8%€-24k

Net result€88k-€-68k€9k€2k▼ 83.0%€-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 2025: a loss of €24k after €4k in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €70k

57.7%

42.3%

Fixed assets €40k▼ 4.6%

Current assets €30k▼ 23.2%

Key figures and ratios

2025 value · change against 2024

EBITDA

€-7k▼

2024 · €20k

Cash flow

€-11k▼

2024 · €18k

Solvency

-13.0%▼

2024 · 23.8%

Current ratio

0.37▼

2024 · 0.63

Quick ratio

0.26▼

2024 · 0.59

Debt / equity

-8.67▼

2024 · 3.20

ROA

-40.5%▼

2024 · 2.0%

Interest coverage

-1.85▼

2024 · 8.17

Debt

€79k▲

2024 · €62k

Debt ≤ 1 year

€79k▲

2024 · €62k

Staff costs

€72k▼

2024 · €74k

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 · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€81k€70k▼

Fixed assets21/28€42k€40k▼

Intangible fixed assets21€24k€13k▼

Tangible fixed assets22/27€18k€27k▲

Plant, machinery and equipment23€18k€27k▲

Current assets29/58€39k€30k▼

Stocks and contracts in progress3€2k€9k▲

Stocks30/36€2k€9k▲

Amounts receivable within one year40/41€5k€9k▲

Trade receivables40€270€7k▲

Other amounts receivable41€5k€1k▼

Cash at bank and in hand54/58€30k€11k▼

Deferred charges and accrued income490/1€1k€984▼

Equity and liabilities

Total equity and liabilities10/49€81k€70k▼

Equity10/15€19k€-9k▼

Contributions10/11€20k€20k=

Profit (loss) carried forward14€-716€-29k▼

Amounts payable17/49€62k€79k▲

Amounts payable within one year42/48€62k€79k▲

Trade debts44€33k€63k▲

Suppliers440/4€33k€63k▲

Advances received on contracts in progress46-€3k

Taxes, remuneration and social security45€27k€7k▼

Taxes450/3€21k€1k▼

Remuneration and social security454/9€6k€6k▼

Other amounts payable47/48€2k€5k▲

Accrued charges and deferred income492/3€64-

Income statement Code20242025

Remuneration, social security and pensions62€74k€72k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€17k▲

Other operating charges640/8€3k€2k▼

Gross operating margin9900€97k€67k▼

Operating profit (loss)9901€4k€-24k▼

Financial income75/76B€5€1▼

Recurring financial income75€5€1▼

Financial charges65/66B€3k€4k▲

Recurring financial charges65€3k€4k▲

Profit (loss) for the period before taxes9903€2k€-28k▼

Profit (loss) for the period9904€2k€-28k▼

Profit (loss) for the period to be appropriated9905€2k€-28k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-716€-29k▼

Profit (loss) brought forward from the previous period14P€-2k€-716▲

The notes to these accounts (10 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 9Financial 3Filings 6

Next filing, fiscal year 2026, expected by 31-07-2027

2026

10-03

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

20-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 20 days late

2024

31-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 92 days late

2023

31-12

Financial Back to profitnet €9k

Net result €9k after one loss-making year.

02-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 63 days late

27-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 331 days late

27-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 696 days late

2022

31-12

Financial Weakest financial yearnet €-68k ▼177%

Net result drops to €-68k, the lowest in the series; recovery starts the following year.

2021

31-12

Financial Back to profitnet €88k

Net result €88k after one loss-making year.

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, Thuin · 1 establishment unit since 2019

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.

Rue 't Serstevens(THN) 626530 Thuin

Ground area

125 m²

Building footprint

31 m²

Volume, LiDAR

312 m³

Parcel 56078E0042/00N000, Wallonia · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

PIZZA EXPRESS

Rue 't Serstevens(THN) 62, 6530 ThuinRetail sale of beverages, general range

since 20192.290.163.961

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
56078E0042/00N000	Wallonia	125 m²	1 · 31 m²	11.4 m · 3 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

Food safety, FASFC

1 site

Thuin2.290.163.961

1 permission

Toelating · Traiteur · since 06-10-2022

Similar companies · same sector, comparable size

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BAAN DAOW

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Manage · Eq €20k

Of 1,509 companies in sector 47252 we hold annual accounts for 652. 341 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded13-06-2019

Fiscal year end31-12

Activities, NACEBEL

47252Retail sale of beverages, general range

56102Limited-service restaurants

56112Limited-service restaurants, excluding mobile food services

Sources

Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers

Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.

Contact details

1 entry

Phone:+32470021601

Establishment Thuin 2.290.163.961