Service Express
ActiveSummary
Service Express has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10k and a net result of €-2k. Equity is shrinking by ~37.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 28% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability12▼-58
Solvency47▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2025Solvency, return and age of the figures
Solvency
22.3%
Return on assets
-5.3%
Age of the figures
9 mo
neutral · Filed after the deadline
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. 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
23 d early
2023
31 d late
2022
6 d early
2021
59 d late
2020
45 d early
2019
119 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€10k▼ 19.1%
2024 · €12k
2018: €37k
2019: €83k▲ +125% vs 2018highest in 8 years
2020: €32k▼ -61.6% vs 2019
2021: €1k▼ -95.9% vs 2020lowest in 8 years
2022: €7k▲ +418% vs 2021
2023: €11k▲ +65.4% vs 2022
2024: €12k▲ +6.5% vs 2023
2025: €10k▼ -19.1% vs 2024
2018 → 2025
Total assets
€43k▼ 16.9%
2024 · €52k
2018: €99k
2019: €129k▲ +31.0% vs 2018highest in 8 years
2020: €98k▼ -24.5% vs 2019
2021: €49k▼ -49.7% vs 2020
2022: €55k▲ +11.8% vs 2021
2023: €50k▼ -9.7% vs 2022
2024: €52k▲ +5.2% vs 2023
2025: €43k▼ -16.9% vs 2024lowest in 8 years
2018 → 2025
Net result
€-2k
2024 · €728
2018: €3k
2019: €46k▲ +1223% vs 2018highest in 8 years
2020: €-36k▼ -177% vs 2019lowest in 8 years
2021: €-31k▲ +13.8% vs 2020
2022: €5k▲ +118% vs 2021
2023: €4k▼ -18.9% vs 2022
2024: €728▼ -83.6% vs 2023
2025: €-2k▼ -413% vs 2024
2018 → 2025
Working capital
€9k▼ 17.0%
2024 · €11k
2018: €17k
2019: €43k▲ +155% vs 2018highest in 8 years
2020: €12k▼ -71.7% vs 2019
2021: €-11k▼ -193% vs 2020lowest in 8 years
2022: €5k▲ +144% vs 2021
2023: €10k▲ +94.8% vs 2022
2024: €11k▲ +12.5% vs 2023
2025: €9k▼ -17.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1k-€7k▲ 418%€11k▲ 65.4%€12k▲ 6.5%€10k▼ 19.1%
2021: €1klowest in 5 years
2022: €7k▲ +418% vs 2021
2023: €11k▲ +65.4% vs 2022
2024: €12k▲ +6.5% vs 2023highest in 5 years
2025: €10k▼ -19.1% vs 2024
Operating result€-31k-€7k€9k▲ 18.8%€6k▼ 34.4%€-866
2021: €-31klowest in 5 years
2022: €7k▲ +124% vs 2021
2023: €9k▲ +18.8% vs 2022highest in 5 years
2024: €6k▼ -34.4% vs 2023
2025: €-866▼ -115% vs 2024
Net result€-31k-€5k€4k▼ 18.9%€728▼ 83.6%€-2k
2021: €-31klowest in 5 years
2022: €5k▲ +118% vs 2021highest in 5 years
2023: €4k▼ -18.9% vs 2022
2024: €728▼ -83.6% vs 2023
2025: €-2k▼ -413% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €866 after €6k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €43k
Fixed assets
€497 ▼ 44.5%
Current assets
€43k ▼ 16.4%
Equity and liabilities €43k
Equity
€10k ▼ 19.1%
Debt
€34k ▼ 16.2%
Debt's share of the balance-sheet total rises from 77.1% to 77.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-467▼
2024 · €6k
Cash flow
€-2k▼
2024 · €1k
Current ratio
1.27▼
2024 · 1.27
Quick ratio
1.13▲
2024 · 1.09
Debt to equity
3.49▲
2024 · 3.37
ROE
-23.6%▼
2024 · 6.1%
ROA
-5.3%▼
2024 · 1.4%
Interest coverage
-1.53▼
2024 · 7.92
Debt ≤ 1 year
€34k▼
2024 · €40k
Income taxes
€2k▼
2024 · €4k
Staff costs
€19k▼
2024 · €127k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€52k€43k▼
Fixed assets21/28€896€497▼
Tangible fixed assets22/27€896€497▼
Furniture and vehicles24€896€497▼
Current assets29/58€51k€43k▼
Stocks and contracts in progress3€8k€5k▼
Stocks30/36€8k€5k▼
Amounts receivable within one year40/41€35k€36k▲
Trade receivables40€33k€15k▼
Other amounts receivable41€2k€21k▲
Current investments50/53-€2k
Cash at bank and in hand54/58€9k-
Equity and liabilities
Total equity and liabilities10/49€52k€43k▼
Equity10/15€12k€10k▼
Contributions10/11€112k€112k=
Capital10€112k€112k=
Issued capital100€112k€112k=
Reserves13€223€223=
Non-distributable reserves130/1€223€223=
Legal reserve130€223€223=
Profit (loss) carried forward14€-100k€-103k▼
Amounts payable17/49€40k€34k▼
Amounts payable within one year42/48€40k€34k▼
Trade debts44€21k€17k▼
Suppliers440/4€21k€17k▼
Taxes, remuneration and social security45€17k€10k▼
Taxes450/3€8k€8k▼
Remuneration and social security454/9€9k€2k▼
Other amounts payable47/48€2k€6k▲
Income statement
Code20242025
Remuneration, social security and pensions62€127k€19k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€499€399▼
Other operating charges640/8€2k€4k▲
Gross operating margin9900€135k€22k▼
Operating profit (loss)9901€6k€-866▼
Financial income75/76B-€1k
Recurring financial income75-€1k
Financial charges65/66B€775€306▼
Recurring financial charges65€775€306▼
Profit (loss) for the period before taxes9903€5k€53▼
Income taxes67/77€4k€2k▼
Profit (loss) for the period9904€728€-2k▼
Profit (loss) for the period to be appropriated9905€728€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-100k€-103k▼
Profit (loss) brought forward from the previous period14P€-101k€-100k▲
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €134k | €97k | €119k | €127k | €19k | ▼ 84.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €11k | €1k | €499 | €399 | ▼ 20.0% |
| Other operating charges640/8 | €3k | €3k | €3k | €2k | €4k | ▲ 91.6% |
| Gross operating margin9900 | €117k | €118k | €132k | €135k | €22k | ▼ 83.4% |
| Operating profit (loss)9901 | €-31k | €7k | €9k | €6k | €-866 | ▼ 115% |
| Financial income75/76B | - | - | - | - | €1k | - |
| Recurring financial income75 | - | - | - | - | €1k | - |
| Financial charges65/66B | €122 | €2k | €138 | €775 | €306 | ▼ 60.5% |
| Recurring financial charges65 | €122 | €2k | €138 | €775 | €306 | ▼ 60.5% |
| Profit (loss) for the period before taxes9903 | €-31k | €5k | €8k | €5k | €53 | ▼ 98.9% |
| Income taxes67/77 | - | - | €4k | €4k | €2k | ▼ 43.6% |
| Profit (loss) for the period9904 | €-31k | €5k | €4k | €728 | €-2k | ▼ 413% |
| Profit (loss) for the period to be appropriated9905 | €-31k | €5k | €4k | €728 | €-2k | ▼ 413% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €49k | €55k | €50k | €52k | €43k | ▼ 16.9% |
| Fixed assets21/28 | €13k | €2k | €1k | €896 | €497 | ▼ 44.5% |
| Tangible fixed assets22/27 | €13k | €2k | €1k | €896 | €497 | ▼ 44.5% |
| Plant, machinery and equipment23 | €1k | - | - | - | - | - |
| Furniture and vehicles24 | €11k | €2k | €1k | €896 | €497 | ▼ 44.5% |
| Current assets29/58 | €36k | €53k | €48k | €51k | €43k | ▼ 16.4% |
| Stocks and contracts in progress3 | €1k | €20k | €12k | €8k | €5k | ▼ 37.8% |
| Stocks30/36 | €1k | €20k | €12k | €8k | €5k | ▼ 37.8% |
| Amounts receivable within one year40/41 | €18k | €19k | €26k | €35k | €36k | ▲ 2.9% |
| Trade receivables40 | €18k | €14k | €22k | €33k | €15k | ▼ 55.3% |
| Other amounts receivable41 | €141 | €5k | €4k | €2k | €21k | ▲ 947% |
| Current investments50/53 | - | - | - | - | €2k | - |
| Cash at bank and in hand54/58 | €17k | €14k | €11k | €9k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €49k | €55k | €50k | €52k | €43k | ▼ 16.9% |
| Equity10/15 | €1k | €7k | €11k | €12k | €10k | ▼ 19.1% |
| Contributions10/11 | €112k | €112k | €112k | €112k | €112k | = |
| Capital10 | €112k | €112k | €112k | €112k | €112k | = |
| Issued capital100 | €112k | €112k | €112k | €112k | €112k | = |
| Reserves13 | €223 | €223 | €223 | €223 | €223 | = |
| Non-distributable reserves130/1 | €223 | €223 | €223 | €223 | €223 | = |
| Legal reserve130 | €223 | €223 | €223 | €223 | €223 | = |
| Profit (loss) carried forward14 | €-111k | €-105k | €-101k | €-100k | €-103k | ▼ 2.3% |
| Amounts payable17/49 | €48k | €48k | €38k | €40k | €34k | ▼ 16.2% |
| Amounts payable within one year42/48 | €48k | €48k | €38k | €40k | €34k | ▼ 16.2% |
| Trade debts44 | €18k | €27k | €24k | €21k | €17k | ▼ 18.3% |
| Suppliers440/4 | €18k | €27k | €24k | €21k | €17k | ▼ 18.3% |
| Taxes, remuneration and social security45 | €10k | €7k | €13k | €17k | €10k | ▼ 42.5% |
| Taxes450/3 | €2k | - | €4k | €8k | €8k | ▼ 4.1% |
| Remuneration and social security454/9 | €8k | €7k | €9k | €9k | €2k | ▼ 76.7% |
| Other amounts payable47/48 | €19k | €14k | €2k | €2k | €6k | ▲ 271% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-31k | €5k | €4k | €728 | €-2k | ▼ 413% |
| + Depreciation and write-downs630 | €11k | €11k | €1k | €499 | €399 | ▼ 20.0% |
| Operating cash flow (approximation) | €-20k | €16k | €6k | €1k | €-2k | ▼ 253% |
| Investment in fixed assets (approximation) | - | €0 | €-775 | €0 | €0 | - |
| Change in cash | - | €-3k | €-3k | €-2k | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
2021
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-36k
Net result drops to €-36k, the lowest in the series; recovery starts the following year.
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
2019
31-12
Financial
Highest result since 2018net €46k ▲1,223%
Operating result €47k, net result €46k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
11 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, Leopoldsburg · 1 establishment unit since 1999
Ground area
806 m²
Building footprint
162 m²
Volume, LiDAR
913 m³
Parcel 71034A2599/00B000, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Service Express
since 19992.092.291.978
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71034A2599/00B000 | Flanders | 806 m² | 1 · 162 m² | 10.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,155 companies in sector 46190 we hold annual accounts for 2,571. 1,279 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded16-07-1999
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
96999Other personal services
Scores and ratios are computed by Checked and are not a credit decision.