PME EXPRES
Open bankruptcyA bankruptcy procedure is open for PME EXPRES according to publications in the Belgian State Gazette; curator: RUTGER BELSACK. The 2023 annual accounts show equity of €42k and a net result of €12k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-03-2023 was due by 31-10-2023 and was filed on 02-11-2023, 2 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 · 4 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
2 d late
2022
2 d late
2021
30 d late
2020
1 d early
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€42k▲ 41.9%
2022 · €30k
2020: €22k
2021: €28k
2022: €30k
2020 → 2023
Total assets
€1.31M▲ 286%
2022 · €339k
2020: €184k
2021: €162k
2022: €339k
2020 → 2023
Net result
€12k▲ 812%
2022 · €1k
2020: €4k
2021: €6k
2022: €1k
2020 → 2023
Working capital
€29k▲ 667%
2022 · €4k
2020: €14k
2021: €5k
2022: €4k
2020 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2020202120222023Trend
Equity€22k-€28k▲ 28.2%€30k▲ 4.8%€42k▲ 41.9%
Operating result€5k-€9k▲ 80.2%€1k▼ 85.1%€12k▲ 783%
Net result€4k-€6k▲ 73.5%€1k▼ 78.1%€12k▲ 812%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2023; 2023 is 783% above 2022 and is the highest year so far.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.31M
Fixed assets
€72k▼ 12.3%
Current assets
€1.24M▲ 381%
Equity and liabilities €1.31M
Equity
€42k▲ 41.9%
Debt
€1.26M▲ 310%
The debt ratio rises from 91.2% to 96.8%: debt grows faster than equity.
Key figures and ratios
EBITDA
€43k▲
2022 · €22k
Cash flow
€44k▲
2022 · €23k
Solvency
3.2%▼
2022 · 8.8%
Current ratio
1.02▲
2022 · 1.01
Quick ratio
1.02▲
2022 · 1.01
Debt / equity
29.88▲
2022 · 10.35
ROE
29.5%▲
2022 · 4.6%
ROA
1.0%▲
2022 · 0.4%
Interest coverage
14.10▲
2022 · 11.01
Debt
€1.26M▲
2022 · €309k
Debt ≤ 1 year
€1.21M▲
2022 · €253k
Debt > 1 year
€58k▲
2022 · €56k
Income taxes
€6k▲
2022 · €637
Staff costs
€179k▲
2022 · €44k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€339k€1.31M▲
Fixed assets21/28€82k€72k▼
Tangible fixed assets22/27€82k€72k▼
Furniture and vehicles24€33k€21k▼
Leasing and similar rights25€49k€50k▲
Current assets29/58€257k€1.24M▲
Amounts receivable within one year40/41€254k€1.18M▲
Trade receivables40€155k€984k▲
Other amounts receivable41€100k€199k▲
Cash at bank and in hand54/58€130€52k▲
Deferred charges and accrued income490/1€2k€536▼
Equity and liabilities
Total equity and liabilities10/49€339k€1.31M▲
Equity10/15€30k€42k▲
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€9k€22k▲
Amounts payable17/49€309k€1.26M▲
Amounts payable after more than one year17€56k€58k▲
Financial debts170/4€56k€58k▲
Amounts payable within one year42/48€253k€1.21M▲
Current portion of amounts payable after more than one year42€18k€17k▼
Financial debts43€19k€19k▼
Credit institutions430/8€19k€19k▼
Trade debts44€192k€1.15M▲
Suppliers440/4€192k€1.15M▲
Taxes, remuneration and social security45€24k€18k▼
Taxes450/3€6k€6k▲
Remuneration and social security454/9€18k€12k▼
Accrued charges and deferred income492/3-€304
Income statement
Code20222023
Non-recurring operating income76A-€10k
Remuneration, social security and pensions62€44k€179k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€31k▲
Other operating charges640/8€1k€10k▲
Non-recurring operating charges66A-€10k
Gross operating margin9900€68k€242k▲
Operating profit (loss)9901€1k€12k▲
Financial income75/76B€3k€10k▲
Recurring financial income75€3k€10k▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€2k€19k▲
Income taxes67/77€637€6k▲
Profit (loss) for the period9904€1k€12k▲
Profit (loss) for the period to be appropriated9905€1k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€9k€22k▲
Profit (loss) brought forward from the previous period14P€8k€9k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
13-01
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · PME EXPRES BV ALSEMBERG- SESTEENWEG 842, 1180 UKKEL · event 07-01-2025
2023
02-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
31-03
Financial
Highest result since 2020net €12k ▲812%
Operating result €12k, net result €12k, both a record.
2022
02-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
31-03
Financial
Weakest financial yearnet €1k ▼78.1%
Net result drops to €1k, the lowest in the series.
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Ukkel · 1 establishment unit since 2019
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.
Alsembergsesteenweg 8421180 UkkelGround area
2,536 m²
Building footprint
1,269 m²
Volume, LiDAR
11,176 m³
2 parcels, Brussels · tallest building 28.4 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
PME EXPRES
since 20192.286.333.649
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614E0126/00A002 | Brussels | 1,616 m² | 1 · 1,089 m² | 12.7 m · 2 fl. |
| 21308H0500/00N004 | Brussels | 921 m² | 1 · 180 m² | 28.4 m · 9 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | RUTGER BELSACK MARKT 17, 1740 TERNAT- |
07-01-2025 → present |
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Of 3,964 companies in sector 25110 we hold annual accounts for 2,132. 1,365 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-02-2019
Fiscal year end31-03
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
49410Freight transport by road
53100Postal and courier activities
53200Other postal and courier activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:000000000000