VLS-EXPRESS
VLS-EXPRESS has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €73k and a net result of €62k. Equity is shrinking by ~19.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 15% of 1747 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
| Equity | €73k |
| Net result | €62k |
| Staff (FTE) | 1 |
| Better than sector | 15% |
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 | 9.2% | 40.3% | |
| Net result | €62k | €29k | |
| Equity | €73k | €313k | |
| Gross operating margin | €141k | €466k | |
| Staff costs | €50k | €415k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - |
| EBITDA | €91k | €364k | €228k | €115k |
| Net profit | €62k | €298k | €165k | €89k |
| Cash flow | €64k | €298k | €166k | €91k |
| Staff costs | €50k | €66k | €73k | €18k |
| Income taxes | €25k | €63k | €61k | €23k |
| Dividends | €500k | - | €200k | €178k |
| Total assets | €796k | €853k | €635k | €576k |
| Equity | €73k | €511k | €333k | €368k |
| Debt | €724k | €342k | €302k | €208k |
| of which ≤ 1y | €724k | €342k | €302k | €208k |
| of which > 1y | - | - | - | - |
| Working capital | €68k | €504k | €331k | €365k |
| Employees (FTE) | 1.0 | 1.5 | 2.1 | 0.9 |
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 1.09 | 2.47 | 2.10 | 2.76 |
| Quick ratio | 1.09 | 2.47 | 2.10 | 2.76 |
| Working capital ratio | 8.5% | 59.1% | 52.1% | 63.4% |
| Solvency | 9.2% | 59.9% | 52.5% | 64.0% |
| Debt / equity | 9.91 | 0.67 | 0.91 | 0.56 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | 139.41 | 156.79 | 133.53 | 48.59 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 7.8% | 34.9% | 25.9% | 15.4% |
| ROE | 85.4% | 58.3% | 49.4% | 24.1% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (23 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €796k | €853k | €635k | €576k |
| Fixed assets | 21/28 | €5k | €7k | €2k | €3k |
| Tangible fixed assets | 22/27 | €5k | €6k | €2k | €3k |
| Financial fixed assets | 28 | - | €211 | €211 | €211 |
| Current assets | 29/58 | €791k | €846k | €632k | €572k |
| Amounts receivable within one year | 40/41 | €358k | €365k | €438k | €498k |
| Cash & bank | 54/58 | €433k | €481k | €194k | €74k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €796k | €853k | €635k | €576k |
| Equity | 10/15 | €73k | €511k | €333k | €368k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Reserves | 13 | €54k | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | - | €490k | €313k | €348k |
| Amounts payable | 17/49 | €724k | €342k | €302k | €208k |
| Amounts payable within one year | 42/48 | €724k | €342k | €302k | €208k |
| Trade debts payable within one year | 44 | €177k | €161k | €215k | €173k |
| Income statement | |||||
| Gross operating margin | 9900 | €141k | €431k | €302k | €133k |
| Operating result | 9901 | €89k | €363k | €227k | €113k |
| Financial income | 75 | €396 | €46 | €240 | €1k |
| Financial charges | 65 | €651 | €2k | €2k | €2k |
| Result before taxes | 9903 | €87k | €361k | €225k | €112k |
| Income taxes | 67/77 | €25k | €63k | €61k | €23k |
| Net result for the period | 9904 | €62k | €298k | €165k | €89k |
| Result to be appropriated | 9905 | €62k | €298k | €165k | €89k |
Permanent representatives (1)
-
SMART AVIATIONPrivate limited companyPermanent representative· perm. rep.: BEN TOUHAMI AbdellahState Gazette act 23454593 (12-12-2023)Permanent representative12-12-2023 → present
Former directors (1)
-
ROMBAUX VanessaManagerState Gazette act 23454593 (12-12-2023)Former- → 03-11-2023
| NACE primary | Freight transport by road(49410) |
| Legal form | Private limited company(610) |
| Incorporation | 10-03-2000 |
| Status | Active |
| Postal code | 1930 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0045/00X003 | Flanders | 3,962 m² | 1 · 1,186 m² | 8.8 m · 2 fl. |
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
12-12-2023 1 director appointed, 1 resigning
- BEN TOUHAMI Abdellah, Vaste vertegenwoordiger
- ROMBAUX Vanessa, Zaakvoerder
Technical details
{
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{
"kind": "director_out",
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},
"reason": "voluntary",
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"statutory": "statutair",
"compensated": null,
"effective_date": "2023-11-03",
"evidence_quote": "De algemene vergadering heeft op 03 november 2023 volledige en algehele kwijting aan de ontslagnemende zaakvoerder(s) voor de uitoefening van hun mandaat.",
"decharge_status": "granted",
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},
{
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"person": {
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"name": "BEN TOUHAMI Abdellah",
"address": "2811 Mechelen (Hombeek), Heike 5 C",
"birth_date": "1963-04-17",
"profession": null,
"birth_place": "Oran, Algeria"
},
"reason": null,
"subkind": null,
"via_org": {
"kbo": "0666.392.473",
"name": "SMART AVIATION",
"address": "1930 Zaventem, Luchthaven Brussel Nationaal",
"country": "BE",
"legal_form": null
},
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}
],
"notary": {
"name": "Patrick SOMERS",
"firm_city": null,
"firm_name": null,
"office_city": "Bonheiden",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2023-12-12",
"filing_date": "2023-12-07",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "buitengewone_algemene_vergadering",
"date": "2023-11-07",
"unanimous": null
},
{
"body": "algemene_vergadering",
"date": "2023-11-03",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0471.417.228",
"name_full": "VLS-EXPRESS",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
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"person_name": "Patrick Somers",
"org_rep_person_name": null,
"person_role_at_subject": "notaris"
},
"co_filed_documents": [
"afschrift van het proces verbaal",
"uittreksel uit het proces verbaal",
"geco\u00F6rdineerde statuten"
],
"corrected_publication_numac": null
}07-06-2022 Registered office moved within Zaventem
- HODDEVELD 5 TE 1930 ZAVENTEM → Excelsiorlaan 57 te 1930 Zaventem
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_administratif",
"new_address": {
"raw": "Excelsiorlaan 57 te 1930 Zaventem",
"city": "Zaventem",
"region": "vlaams_gewest",
"street": "Excelsiorlaan",
"country": "BE",
"postcode": "1930",
"box_number": null,
"street_number": "57",
"locality_suffix": null
},
"old_address": {
"raw": "HODDEVELD 5 TE 1930 ZAVENTEM",
"city": "ZAVENTEM",
"region": "vlaams_gewest",
"street": "HODDEVELD",
"country": "BE",
"postcode": "1930",
"box_number": null,
"street_number": "5",
"locality_suffix": null
},
"effective_date": "2022-05-03",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "immediate",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
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}
],
"notary": {
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},
"act_meta": {
"language": "nl",
"pub_date": "2022-06-07",
"filing_date": "2022-05-30",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "algemene_vergadering",
"date": "2022-05-03",
"unanimous": null
},
"subject_company": {
"kbo": "0471.417.228",
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"legal_form": "BESLOTEN VENNOOTSCHAP \u041C\u0415\u0422 \u0412\u0415\u0420ERKTE AANSPRAKELIJKHEID"
},
"publication_proxy": {
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"co_filed_documents": []
}| Legal nameNL | VLS-EXPRESS |