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SF EXPRESS (BELGIUM)

Active
Private limited companyfounded 2020active for 6 yearsRue Saint-Exupéry 17A, 4460 Grâce-Hollogne, BelgiumKBO/BCE: BE 0743.585.964
Summary

The computed 12-month bankruptcy probability of SF EXPRESS (BELGIUM) is 14.4% (high). The 2025 annual accounts show negative equity (-€16,151) and a net result of -€288,964. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 10% of 2,396 sector peers (NACE 49, financial year 2025). The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

Source: KBO
Status
Active since 12-02-2020 Normal situation
Activity
Freight transport by road NACE 49410and 4 others
Establishment unit
2.321.653.032 4460 Grâce-Hollogne, since 12-02-2020
Financial year end
31 December
Peppol
Reachable since 27-11-2025

Board and ownership

Board
Shareholders
  • SF Express (Netherlands) BVannual accounts 2023
  • S.F.Holding Co., Ltd.annual accounts 2025

Financial position

28 Weak Checked score 2025
Bankruptcy probabilitywithin 12 months
14.4%
Annual accounts 2025
Gross margin
€244,111
▲ 588%
Turnover
≈ €620,000
estimated
Loss
€288,964
▲ 88.7%
Equity
-€16,151
▲ 92.2%
Total assets
€800,833
▲ 628%
Employees on 31-12-2025
7
▲ 75.0%
  • Negative equity on 31-12-2025
  • 2025 accounts filed 13 days after the deadline
Net result -89%: other schema
Filed on 13-08-2026
Score breakdownraises risk3 changes of registered office in 24 monthsNegative equity -€16,151Loss of €288,964, the second in a row (financial year 2025)Sector: Land transport and transport via pipelines (NACE 49)Show the evidence

Checked score

Score 2025
28 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially stronger than 30% of micro companies in land transport (NACE 49)
Financial strength · tick: 2024
Weak
Solvency 23+23
equity -2.0% of total assets
Liquidity 12+12
short-term debt 80.1%
Profitability 0=
return on assets -36.1%
Bankruptcy probability within 12 months
14.4% High
0%0.5%1.5%4%10%≥ 25%

About 1 in 7 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.9% (9,099 companies, NACE 49, micro)
Last 24 months 12-2024: 13.1%lowest value 01-2025: 15.1%▲ +2.0 percentage points vs 12-2024 02-2025: 15.1%● unchanged vs 01-2025 03-2025: 15.3%▲ +0.2 percentage points vs 02-2025 04-2025: 14.5%▼ -0.8 percentage points vs 03-2025 05-2025: 14.5%● unchanged vs 04-2025 06-2025: 14.4%▼ -0.1 percentage points vs 05-2025 07-2025: 14.4%● unchanged vs 06-2025 08-2025: 16.9%▲ +2.5 percentage points vs 07-2025 09-2025: 17.1%▲ +0.2 percentage points vs 08-2025 10-2025: 17.1%● unchanged vs 09-2025 11-2025: 17.1%● unchanged vs 10-2025 12-2025: 17.1%● unchanged vs 11-2025 01-2026: 17.1%● unchanged vs 12-2025 02-2026: 17.2%▲ +0.1 percentage points vs 01-2026 03-2026: 16.9%▼ -0.3 percentage points vs 02-2026 04-2026: 17.0%▲ +0.1 percentage points vs 03-2026 05-2026: 16.8%▼ -0.2 percentage points vs 04-2026 06-2026: 16.6%▼ -0.2 percentage points vs 05-2026 07-2026: 16.8%▲ +0.2 percentage points vs 06-2026 08-2026: 17.5%▲ +0.7 percentage points vs 07-2026highest value 09-2026: 14.4%▼ -3.1 percentage points vs 08-2026 10-2026: 14.4%● unchanged vs 09-2026 11-2026: 14.4%● unchanged vs 10-2026
No credit on open account
Liquidity is tight, with a current ratio of 1.25 (0.35 in 2024), below the usual 1.5. Short-term debt is 80.1% of total assets. Equity is negative.
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 49, micro). It does better than 14% of them on solvency, 11% on liquidity, 6% on profitability and 88% on growth.

The bankruptcy probability was computed on 01-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
raises risk
raises risk · 3 changes of registered office in 24 months
Belgian Official Gazette
raises risk · Negative equity -€16,151
NBB · annual accounts
raises risk · Loss of €288,964, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Sector: Land transport and transport via pipelines (NACE 49)
KBO
raises risk · 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 -€16,151
raises risk · 2025 accounts filed 13 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 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 · 6 filings
Deviation from the deadline
2025
13 days late
2024
28 days late
2023
49 days early
2022
38 days late
2021
4 days early
2020
12 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 6 days after the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% 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 13 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2025 -€16,151 View
  • Risk: 6 loss-making years in a rowloss in financial year 2025 -€288,964 View
  • Caution: Result fell in 2025different schema filed ▼ 88.7% View
  • Caution: Lower net result than 95% of companies in land transportsector median €22,710 · 2,392 companies -€288,964 View

Recent changes

  1. · Gazette deed Appointment: CALLENS, VANDELANOTTE & THEUNISSEN SRL (statutory auditor)Permanent representative: Claudia CORSALE
  2. · Gazette deed Registered office moved within Grâce-Hollogne
  3. · Gazette deed Capital & shares · Amendment of the articles
All 17 events

Comparable companies

These companies have the same main activity as SF EXPRESS (BELGIUM): freight transport by road (NACE 49410). They are comparable in size and age: total assets between €644,000 and €1.2m, founded between 2016 and 2020.

CompanyTotal assetsGross margin
SF EXPRESS (BELGIUM) Grâce-Hollogne€0.8m€0.2m
S.F. CARGO WALLONIA Grâce-Hollogne€1.2m€0.4m
T.T.P.S. Seraing€0.6m€0.3m
S-TRANS Turnhout€0.9m€0.3m
Gebr. Dobbelaere Transport Gent€0.7m€0.3m
Transports Wéry Quaregnon€0.7m€0.4m
TRANSPORT DE VOGELAERE Deinze€0.6m€0.4m
Full comparison

Key facts about SF EXPRESS (BELGIUM)

What is the company number of SF EXPRESS (BELGIUM)?
The company number of SF EXPRESS (BELGIUM) is 0743.585.964. The VAT number is the same number with BE in front: BE 0743.585.964.
Where is SF EXPRESS (BELGIUM) based?
The registered office is at Rue Saint-Exupéry 17A, 4460 Grâce-Hollogne.Company details
What does SF EXPRESS (BELGIUM) do?
According to the KBO register, the main activity is freight transport by road (NACE 49410).
What is the legal form of SF EXPRESS (BELGIUM)?
The legal form of SF EXPRESS (BELGIUM) is Private limited company (BV).
When was SF EXPRESS (BELGIUM) founded?
SF EXPRESS (BELGIUM) was founded on 12-02-2020.
Is SF EXPRESS (BELGIUM) still active?
Yes, SF EXPRESS (BELGIUM) is an active enterprise in the KBO register.
How many employees does SF EXPRESS (BELGIUM) have?
SF EXPRESS (BELGIUM) had an average of 5.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of SF EXPRESS (BELGIUM)?
The turnover in financial year 2025 is ≈ €620,000. This figure is estimated from the gross margin of €244,111 and 79 comparable companies (NACE 49410). It probably lies between €520,000 and €840,000.
Is SF EXPRESS (BELGIUM) profitable?
In financial year 2025, SF EXPRESS (BELGIUM) made a loss of €288,964.
Where can I find the annual accounts of SF EXPRESS (BELGIUM)?
SF EXPRESS (BELGIUM) filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of SF EXPRESS (BELGIUM) due?
SF EXPRESS (BELGIUM) must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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