Active BE 0794.468.206Private limited company

SPAR EXPRESS MELVEREN

Grote Steenweg 191 ·3454 Geetbets, Belgium· 3 yrs active

Sector: Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen (47110)

Conclusion Checked

The computed 12-month bankruptcy probability of SPAR EXPRESS MELVEREN is 2.9% (moderate). The 2023 annual accounts show equity of €37k and a net result of €3k. Its solvency ranks better than 39% of 5714 sector peers (fiscal year 2023). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.

Key figures

Equity	€37k
Net result	€3k
Better than sector	39%
Active	3 yrs

Snowflake analysis 4 of 5 axes measured · computed by Checked

49 / 100

Mixed profile: strong on stability, weaker on solvency.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 56

Profitability 41

Solvency 19

Growth -

Stability 79

Bankruptcy probability (12 mo) Checked model v1 · free

2.9% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate sector +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2022, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags 0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2023 · computed

56 / 100 Fair

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

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Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Financial overview1 NBB filings

Annual accounts filed on 18-05-2025 with the NBB · fiscal year 2023 · micro

Sector comparison

Fiscal year 2023 · NACE 47, Retail trade · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	10.6%	20.1%	better than 39% of 5714 sector peers
Net result	€3k	€3k	better than 49% of 5694 sector peers
Equity	€37k	€15k	better than 68% of 5721 sector peers
Gross operating margin	€80k	€23k	better than 78% of 5668 sector peers
Staff costs	€61k	€33k	higher than 71% of 2551 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	micro
Revenue	-
EBITDA	€18k
Net profit	€3k
Cash flow	€16k
Staff costs	€61k
Income taxes	€1k
Dividends	-
Total assets	€349k
Equity	€37k
Debt	€312k
of which ≤ 1y	€233k
of which > 1y	€79k
Working capital	€9k
Employees (FTE)	-

Ratios (computed)

	2023
Current ratio	1.04
Quick ratio	0.93
Working capital ratio	2.6%
Solvency	10.6%
Debt / equity	8.42
Long-term debt ratio	2.13
Interest coverage	7.09
Gross margin	-
Net margin	-
ROA	0.9%
ROE	8.2%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Assets

Fixed assets €107k · 30.7% Current assets €242k · 69.3%

Equity & liabilities

Equity €37k · 10.6% Debt €312k · 89.4%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€349k
Fixed assets	21/28	€107k
Intangible fixed assets	21	€107k
Current assets	29/58	€242k
Stocks & contracts in progress	3	€26k
Amounts receivable within one year	40/41	€208k
Cash & bank	54/58	€8k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€349k
Equity	10/15	€37k
Contributions / capital	10/11	€34k
Reserves	13	€3k
Amounts payable	17/49	€312k
Amounts payable after one year	17	€79k
Amounts payable within one year	42/48	€233k
Trade debts payable within one year	44	€209k
Income statement
Gross operating margin	9900	€80k
Operating result	9901	€5k
Financial income	75	€2k
Financial charges	65	€3k
Result before taxes	9903	€4k
Income taxes	67/77	€1k
Net result for the period	9904	€3k
Result to be appropriated	9905	€3k

Ratios computed by Checked.

Directors & mandates 3 directors

Current directors & mandates

Singh Mandeep
Director
State Gazette act 24124572 (22-08-2024)

Current
01-09-2024 → present

Former directors (2)

Kaur Baljt
Director
State Gazette act 25049589 (15-04-2025)

Former
- → 01-03-2025
Singh Ranjit
Director
State Gazette act 25049589 (15-04-2025)

Former
- → 01-03-2025

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Legal Structure

NACE primary	Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen(47110)
Legal form	Private limited company(610)
Incorporation	06-12-2022
Status	Active
Postal code	3454

Establishment units 1 location

SPAR EXPRESS MELVEREN

Hasseltsesteenweg 347, 3800 Sint-TruidenDetailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 100 m² en minder dan 400 m²)

since 20222.339.227.947

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
24095B0113/00C004	Flanders	993 m²	1 · 236 m²	10.1 m · 1 fl.
71352B0157/00C000	Flanders	785 m²	1 · 254 m²	10.3 m · 2 fl.

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.

Updates 3 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

18-05-2025

NBB filing Annual accounts filed

fiscal year 2023 · micro

15-04-2025

State Gazette act Director changes

2024

22-08-2024

State Gazette act Director changes

Belgisch Staatsblad, acts 2 acts

All acts · 2 updated 1 year ago

2025

15-04-2025 1 director appointed, 2 resigning Director changes

Singh Mandeep, Dagelijks bestuur
Kaur Baljt, Bestuurder
Singh Ranjit, Bestuurder

Original publication ↗

Technical details

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  },
  "act_meta": {
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    "pub_date": "2025-04-15",
    "filing_date": "2025-04-07",
    "act_kind_objet": "Onderwerp akte:"
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  "decisions": [
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      "unanimous": true
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  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}

2024

22-08-2024 Singh Mandeep appointed as director Director changes

Singh Mandeep, Bestuurder

Original publication ↗

Technical details

{
  "events": [
    {
      "kind": "director_in",
      "role": "bestuurder",
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        "name": "Singh Mandeep",
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      },
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      "unanimous": true
    }
  ],
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}

Credit advice verdict per customer and amount

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Company registry (CBE) Crossroads Bank

Activities

Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen47110Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 100 m² en minder dan 400 m²)47113Loterijen en kansspelen92000Activiteiten van loterijen en kansspelen92000

Primary activity highlighted.

Names & trade names

Legal nameNL

SPAR EXPRESS MELVEREN

Registered office

Grote Steenweg 191

3454 Geetbets, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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