TIGER EXPRESS
ActiveSummary
TIGER EXPRESS has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.73M and a net result of €168k. Equity is growing by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 84% of 10407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+2
Solvency99▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity ample (current ratio 2.38 against 2.54 in 2024; short-term debt: 26.2% and cash: 21.4% of total assets), and 26.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
73.8%
Return on assets
7.2%
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 29-08-2026, 29 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
29 d late
2024
30 d late
2023
60 d late
2022
69 d late
2021
391 d late
2020
746 d late
2019
1092 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
€1.73M▲ 10.8%
2024 · €1.56M
Total assets
€2.34M▲ 9.0%
2024 · €2.14M
Net result
€168k▲ 33.7%
2024 · €126k
Working capital
€847k▼ 3.7%
2024 · €880k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€192k▼ 5.1%€417k▲ 117%€-66k€205k€245k▲ 19.5%
Net result€133k▼ 1.9%€292k▲ 120%€-130k€126k€168k▲ 33.7%
Equity€1.27M▲ 11.7%€1.56M▲ 23.0%€1.43M▼ 8.3%€1.56M▲ 8.8%€1.73M▲ 10.8%
Total assets€1.77M▲ 43.1%€3.00M▲ 69.2%€2.89M▼ 3.7%€2.14M▼ 25.8%€2.34M▲ 9.0%
Debt€505k▲ 387%€1.44M▲ 185%€1.46M▲ 1.3%€588k▼ 59.8%€613k▲ 4.4%
Working capital€1.27M▲ 11.9%€1.48M▲ 16.2%€1.34M▼ 9.3%€880k▼ 34.3%€847k▼ 3.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 20% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.34M
Fixed assets
€878k ▲ 26.6%
Current assets
€1.46M ▲ 0.6%
Equity and liabilities €2.34M
Equity
€1.73M ▲ 10.8%
Debt
€613k ▲ 4.4%
Debt's share of the balance-sheet total falls from 27.4% to 26.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€290k▼
2024 · €308k
Cash flow
€213k▼
2024 · €229k
Current ratio
2.38▼
2024 · 2.54
Quick ratio
2.24▼
2024 · 2.39
Debt to equity
0.36▼
2024 · 0.38
ROE
9.7%▲
2024 · 8.1%
ROA
7.2%▲
2024 · 5.9%
Interest coverage
23.40▲
2024 · 15.75
Debt ≤ 1 year
€613k▲
2024 · €571k
Income taxes
€72k▲
2024 · €60k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €12k | - | - | €28k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €11k | €26k | €103k | €45k | ▼ 56.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €299k | - | - | - |
| Other operating charges640/8 | €3k | €10k | €9k | €5k | €8k | ▲ 53.0% |
| Gross operating margin9900 | €197k | €439k | €268k | €313k | €298k | ▼ 4.7% |
| Operating profit (loss)9901 | €192k | €417k | €-66k | €205k | €245k | ▲ 19.5% |
| Financial income75/76B | €1k | €3k | €103 | €569 | €7k | ▲ 1,149% |
| Recurring financial income75 | €1k | €85 | €103 | €569 | €474 | ▼ 16.8% |
| Non-recurring financial income76B | - | €3k | - | - | €7k | - |
| Financial charges65/66B | €3k | €5k | €23k | €20k | €12k | ▼ 36.6% |
| Recurring financial charges65 | €3k | €5k | €23k | €20k | €12k | ▼ 36.6% |
| Profit (loss) for the period before taxes9903 | €191k | €415k | €-89k | €186k | €240k | ▲ 28.9% |
| Income taxes67/77 | €58k | €123k | €41k | €60k | €72k | ▲ 18.7% |
| Profit (loss) for the period9904 | €133k | €292k | €-130k | €126k | €168k | ▲ 33.7% |
| Profit (loss) for the period to be appropriated9905 | €133k | €292k | €-130k | €126k | €168k | ▲ 33.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.77M | €3.00M | €2.89M | €2.14M | €2.34M | ▲ 9.0% |
| Fixed assets21/28 | €2k | €118k | €102k | €694k | €878k | ▲ 26.6% |
| Tangible fixed assets22/27 | €2k | €118k | €102k | €694k | €878k | ▲ 26.6% |
| Land and buildings22 | - | - | - | €619k | €604k | ▼ 2.3% |
| Plant, machinery and equipment23 | €2k | €16k | €22k | €18k | €239k | ▲ 1,235% |
| Furniture and vehicles24 | - | €102k | €79k | €57k | €34k | ▼ 39.5% |
| Other tangible fixed assets26 | €302 | - | - | - | - | - |
| Current assets29/58 | €1.77M | €2.89M | €2.79M | €1.45M | €1.46M | ▲ 0.6% |
| Stocks and contracts in progress3 | €103k | €62k | €30k | €86k | €88k | ▲ 2.3% |
| Stocks30/36 | €103k | €62k | €30k | €86k | €88k | ▲ 2.3% |
| Amounts receivable within one year40/41 | €1.41M | €2.61M | €2.62M | €992k | €867k | ▼ 12.6% |
| Trade receivables40 | €1.38M | €2.60M | €2.55M | €947k | €823k | ▼ 13.1% |
| Other amounts receivable41 | €30k | €7k | €71k | €44k | €44k | ▼ 0.4% |
| Current investments50/53 | €45k | - | - | - | - | - |
| Cash at bank and in hand54/58 | €218k | €125k | €105k | €327k | €501k | ▲ 53.2% |
| Deferred charges and accrued income490/1 | €902 | €91k | €31k | €47k | €5k | ▼ 89.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.77M | €3.00M | €2.89M | €2.14M | €2.34M | ▲ 9.0% |
| Equity10/15 | €1.27M | €1.56M | €1.43M | €1.56M | €1.73M | ▲ 10.8% |
| Contributions10/11 | €625k | €625k | €625k | €625k | €625k | = |
| Reserves13 | €644k | €937k | €806k | €932k | €1.10M | ▲ 18.0% |
| Non-distributable reserves130/1 | €13k | €13k | €13k | - | - | - |
| Reserves not available under the articles1311 | €13k | €13k | €13k | - | - | - |
| Distributable reserves133 | €631k | €924k | €793k | €932k | €1.10M | ▲ 18.0% |
| Amounts payable17/49 | €505k | €1.44M | €1.46M | €588k | €613k | ▲ 4.4% |
| Amounts payable within one year42/48 | €500k | €1.41M | €1.45M | €571k | €613k | ▲ 7.4% |
| Financial debts43 | - | €118k | €183k | - | - | - |
| Credit institutions430/8 | - | €118k | €183k | - | - | - |
| Trade debts44 | €460k | €1.11M | €1.02M | €158k | €197k | ▲ 24.6% |
| Suppliers440/4 | €460k | €1.11M | €1.02M | €158k | €197k | ▲ 24.6% |
| Advances received on contracts in progress46 | €3k | €13k | €29k | - | - | - |
| Taxes, remuneration and social security45 | - | €115k | €69k | €25k | €17k | ▼ 33.4% |
| Taxes450/3 | - | €115k | €69k | €25k | €17k | ▼ 33.4% |
| Other amounts payable47/48 | €38k | €47k | €154k | €388k | €400k | ▲ 3.0% |
| Accrued charges and deferred income492/3 | €5k | €34k | €11k | €17k | €18 | ▼ 99.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €133k | €292k | €-130k | €126k | €168k | ▲ 33.7% |
| + Depreciation and write-downs630 | €2k | €11k | €26k | €103k | €45k | ▼ 56.0% |
| Operating cash flow (approximation) | €134k | €303k | €-104k | €229k | €213k | ▼ 6.7% |
| Investment in fixed assets (approximation) | - | €-127k | €-11k | €-695k | €-230k | ▲ 66.9% |
| Change in cash | - | €-93k | €-20k | €222k | €174k | ▼ 21.8% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 29 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 30 days late
2024
31-12
Financial
Back to profitnet €126k
Net result €126k after one loss-making year.
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 60 days late
2023
31-12
Financial
Weakest financial yearnet €-130k
Net result drops to €-130k, the lowest in the series; recovery starts the following year.
08-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 69 days late
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 391 days late
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 746 days late
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 1092 days late
27-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 1457 days late
10-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 1775 days late
26-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 2064 days late
Show earlier events
2022
31-12
Financial
Highest result since 2018net €292k ▲120%
Operating result €417k, net result €292k, both a record.
2020
31-12
Financial
Liquidity times 5current ratio 12.39
Current ratio from 2.66 to 12.39; short-term debt falls from €612k to €100k.
2019
31-12
Financial
Equity above €1MEq €1.00M ▲9.9%
2 profitable years in a row build equity to €1.00M.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Maldegem · 1 establishment unit since 2002
Ground area
80 m²
Building footprint
80 m²
Volume, LiDAR
555 m³
Parcel 43010C0089/00L000, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ESSO
since 20022.096.034.792
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43010C0089/00L000 | Flanders | 80 m² | 1 · 80 m² | 10.8 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 238 EUR awarded · 238 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 117 EUR |
| 2024 | 1 | 117 EUR | 121 EUR |
| 2023 | 1 | 121 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
8755004SV2FBD7WDWU27
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Of 1,265 companies in sector 47300 we hold annual accounts for 948. 427 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-04-2002
Fiscal year end31-12
Activities, NACEBEL 2025
47300Retail sale of automotive fuel
47820Retail sale of motor vehicle parts and accessories
46120Wholesale trade
46720Wholesale of motor vehicle parts and accessories
Scores and ratios are computed by Checked and are not a credit decision.