RUN EXPRESS LOGISTICS
RUN EXPRESS LOGISTICS has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €30k and a net result of €105k. Equity is growing by ~139.7% per year across the filed fiscal years. Its solvency ranks better than 24% of 2027 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
| Equity | €30k |
| Net result | €105k |
| Staff (FTE) | 2.8 |
| Better than sector | 24% |
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 1.7% | 31.2% | |
| Net result | €105k | €5k | |
| Equity | €30k | €53k | |
| Gross operating margin | €416k | €35k | |
| Staff costs | €103k | €32k |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €299k | €191k | €129k | €193k |
| Net profit | €105k | €45k | €44k | €124k |
| Cash flow | €249k | €153k | €92k | €157k |
| Staff costs | €103k | €162k | €82k | €78k |
| Income taxes | €38k | €22k | €21k | €32k |
| Dividends | €100k | - | - | - |
| Total assets | €1.72M | €1.04M | €931k | €724k |
| Equity | €30k | €25k | €-20k | €-65k |
| Debt | €1.69M | €1.01M | €952k | €788k |
| of which ≤ 1y | €1.36M | €830k | €865k | €759k |
| of which > 1y | €301k | €109k | €87k | €30k |
| Working capital | €-400k | €-280k | €-277k | €-246k |
| Employees (FTE) | 2.8 | 3.1 | 2.3 | - |
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 0.71 | 0.66 | 0.68 | 0.68 |
| Quick ratio | 0.61 | 0.50 | 0.61 | 0.64 |
| Working capital ratio | -23.3% | -27.0% | -29.8% | -34.0% |
| Solvency | 1.7% | 2.4% | -2.2% | -8.9% |
| Debt / equity | 57.13 | 40.92 | -46.75 | -12.19 |
| Long-term debt ratio | 10.19 | 4.40 | -4.27 | -0.46 |
| Interest coverage | 24.28 | 15.03 | 18.03 | 48.76 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 6.1% | 4.4% | 4.8% | 17.2% |
| ROE | 355.0% | 182.4% | -217.8% | -192.2% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (25 line items)
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €1.72M | €1.04M | €931k | €724k |
| Fixed assets | 21/28 | €752k | €486k | €344k | €211k |
| Tangible fixed assets | 22/27 | €746k | €484k | €341k | €211k |
| Financial fixed assets | 28 | €7k | €2k | €3k | - |
| Current assets | 29/58 | €964k | €550k | €588k | €513k |
| Stocks & contracts in progress | 3 | €133k | €136k | €60k | €27k |
| Amounts receivable within one year | 40/41 | €790k | €271k | €458k | €447k |
| Cash & bank | 54/58 | €34k | €143k | €69k | €39k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.72M | €1.04M | €931k | €724k |
| Equity | 10/15 | €30k | €25k | €-20k | €-65k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k |
| Reserves | 13 | €2k | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €21k | €17k | €-28k | €-73k |
| Amounts payable | 17/49 | €1.69M | €1.01M | €952k | €788k |
| Amounts payable after one year | 17 | €301k | €109k | €87k | €30k |
| Amounts payable within one year | 42/48 | €1.36M | €830k | €865k | €759k |
| Trade debts payable within one year | 44 | €927k | €394k | €349k | €251k |
| Income statement | |||||
| Gross operating margin | 9900 | €416k | €370k | €226k | €307k |
| Operating result | 9901 | €155k | €82k | €80k | €160k |
| Financial income | 75 | - | €50 | - | - |
| Financial charges | 65 | €12k | €13k | €7k | €4k |
| Result before taxes | 9903 | €142k | €67k | €65k | €156k |
| Income taxes | 67/77 | €38k | €22k | €21k | €32k |
| Net result for the period | 9904 | €105k | €45k | €44k | €124k |
| Result to be appropriated | 9905 | €105k | €45k | €44k | €124k |
Former directors (2)
-
Abdullah KaradumanDirector (executive)State Gazette act 22037727 (21-03-2022)Former- → 15-03-2022
-
MoustaquimDirector (executive)State Gazette act 22037727 (21-03-2022)Former- → 15-03-2022
| NACE primary | Freight transport by road(49410) |
| Legal form | Private limited company(610) |
| Incorporation | 18-02-2005 |
| Status | Active |
| Postal code | 4040 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62312B0024/00S005 | Wallonia | 4,492 m² | 1 · 1,056 m² | 8.8 m · 2 fl. |
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
15-04-2025 Publication in the Belgian Official Gazette, Minor change
Technical details
{
"notary": {
"name": "Fran\u00E7ois MATHONET",
"firm_city": null,
"firm_name": null,
"office_city": "Li\u00E8ge",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2025-04-15",
"filing_date": "2025-04-11",
"act_kind_objet": "OBJET"
},
"decision": {
"body": "algemene_vergadering",
"date": "2025-04-10",
"unanimous": true
},
"agm_change": null,
"detected_kind": "object_change",
"other_address": null,
"mandate_renewal": null,
"subject_company": {
"kbo": "0871.988.428",
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"legal_form": "SRL"
},
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},
"co_filed_documents": [
"PV de l\u0027AGE",
"rapport de l\u0027organe de gestion",
"coordination des statuts"
],
"fiscal_year_change": null,
"liquidation_closure": null,
"officer_designation": null,
"special_procuration": null,
"is_volet_a_only_stub": false,
"vakbekwaamheid_change": null,
"should_reroute_to_category": null,
"single_shareholder_declaration": null
}21-03-2022 2 resigning
- Moustaquim, Directeur
- Abdullah Karaduman, Directeur
Technical details
{
"events": [
{
"kind": "director_out",
"role": "directeur",
"person": {
"rrn": null,
"name": "Moustaquim",
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"profession": null,
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},
"reason": "de_plein_droit_dissolution",
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": "2022-03-15",
"evidence_quote": "L\u0027assembl\u00E9e a pris acte de la d\u00E9mission de sa fonction de g\u00E9rant formul\u00E9e par Madame Moustaquim.",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": "immediate"
},
{
"kind": "director_out",
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"name": "Abdullah Karaduman",
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"birth_place": null
},
"reason": "de_plein_droit_dissolution",
"subkind": null,
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"statutory": null,
"compensated": null,
"effective_date": "2022-03-15",
"evidence_quote": "L\u0027assembl\u00E9e a pris acte de la d\u00E9mission de sa fonction de g\u00E9rant formul\u00E9e par Madame Moustaquim.",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": "immediate"
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2022-03-21",
"filing_date": null,
"act_kind_objet": "Objet de l\u0027acte:"
},
"decisions": [
{
"body": "buitengewone_algemene_vergadering",
"date": "2022-01-31",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0871.988.428",
"name_full": "ORISE DE LIEG",
"legal_form": "SPRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
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"person_name": "Abdullah Karaduman",
"org_rep_person_name": null,
"person_role_at_subject": "Pr\u00E9sident"
},
"co_filed_documents": [],
"corrected_publication_numac": null
}| Legal nameFR | RUN EXPRESS LOGISTICS |