VMA EXPRESS
ActiveSummary
The computed 12-month bankruptcy probability of VMA EXPRESS is 3.8% (moderate). The 2024 annual accounts show equity of €111,576 and a net result of -€28,902. Equity is growing by ~14.3% per year across the filed fiscal years. Its solvency ranks better than 43% of 1126 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability9▼-76
Solvency55▼-8
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
3.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.04 against 1.54 in 2023; short-term debt: 69.6% and cash: 3.2% of total assets), and 69.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
30.4%
Return on assets
-7.9%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
27 d late
2022
30 d late
2021
32 d late
2020
55 d late
2019
48 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 27 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€28,902
2023 · €47,722
Working capital
€10,516▼ 91.6%
2023 · €124,455
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
Line20202021202220232024
Operating result€67,952▲ 88.3%€64,271▼ 5.4%-€43,915€55,996-€24,549
Net result€48,965▲ 89.3%€45,277▼ 7.5%-€45,957€47,722-€28,902
Equity€93,436▲ 144%€138,713▲ 48.5%€92,756▼ 33.1%€140,479▲ 51.4%€111,576▼ 20.6%
Total assets€174,384▲ 107%€206,805▲ 18.6%€211,258▲ 2.2%€370,831▲ 75.5%€367,381▼ 0.9%
Debt€80,948▲ 76.0%€68,093▼ 15.9%€118,502▲ 74.0%€230,353▲ 94.4%€255,805▲ 11.0%
Working capital€82,066▲ 135%€131,468▲ 60.2%€89,982▼ 31.6%€124,455▲ 38.3%€10,516▼ 91.6%
Staff (FTE)7.813.8▲ 76.9%11.3▼ 18.1%15.9▲ 40.7%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €24,549 after €55,996 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €367,381
Fixed assets
€101,061 ▲ 531%
Current assets
€266,320 ▼ 24.9%
Equity and liabilities €367,381
Equity
€111,576 ▼ 20.6%
Debt
€255,805 ▲ 11.0%
Debt's share of the balance-sheet total rises from 62.1% to 69.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€17,739▼
2023 · €59,444
Cash flow
-€22,092▼
2023 · €51,170
Current ratio
1.04▼
2023 · 1.54
Debt to equity
2.29▲
2023 · 1.64
ROE
-25.9%▼
2023 · 34.0%
ROA
-7.9%▼
2023 · 12.9%
Interest coverage
-3.74▼
2023 · 21.08
Debt ≤ 1 year
€255,805▲
2023 · €230,353
Income taxes
€512▼
2023 · €5,882
Staff costs
€601,456▲
2023 · €397,164
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 925 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 93% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a small loss
1.5%
went bankrupt
5.6%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 925 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €143,189 | €210,686 | €397,164 | €601,456 | ▲ 51.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,743 | €5,251 | €4,471 | €3,448 | €6,810 | ▲ 97.5% |
| Other operating charges640/8 | - | €1,199 | €1,129 | €2,585 | €5,778 | ▲ 123% |
| Gross operating margin9900 | €150,539 | €213,909 | €172,370 | €459,194 | €589,494 | ▲ 28.4% |
| Operating profit (loss)9901 | €67,952 | €64,271 | -€43,915 | €55,996 | -€24,549 | ▼ 144% |
| Financial income75/76B | - | €4 | €152 | €428 | €903 | ▲ 111% |
| Recurring financial income75 | €3 | €4 | €152 | €428 | €903 | ▲ 111% |
| Financial charges65/66B | - | €1,412 | €1,814 | €2,820 | €4,744 | ▲ 68.2% |
| Recurring financial charges65 | €820 | €1,412 | €1,814 | €2,820 | €4,744 | ▲ 68.2% |
| Profit (loss) for the period before taxes9903 | €67,135 | €62,864 | -€45,577 | €53,604 | -€28,390 | ▼ 153% |
| Income taxes67/77 | €18,171 | €17,587 | €379 | €5,882 | €512 | ▼ 91.3% |
| Profit (loss) for the period9904 | €48,965 | €45,277 | -€45,957 | €47,722 | -€28,902 | ▼ 161% |
| Profit (loss) for the period to be appropriated9905 | €48,965 | €45,277 | -€45,957 | €47,722 | -€28,902 | ▼ 161% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €174,384 | €206,805 | €211,258 | €370,831 | €367,381 | ▼ 0.9% |
| Fixed assets21/28 | €11,370 | €7,245 | €2,774 | €16,024 | €101,061 | ▲ 531% |
| Tangible fixed assets22/27 | €11,170 | €6,645 | €2,174 | €14,152 | €96,739 | ▲ 584% |
| Plant, machinery and equipment23 | - | €560 | €357 | €148 | €631 | ▲ 327% |
| Furniture and vehicles24 | - | €6,084 | €1,817 | €8,604 | €80,654 | ▲ 837% |
| Other tangible fixed assets26 | - | - | - | €5,401 | €15,454 | ▲ 186% |
| Financial fixed assets28 | €200 | €600 | €600 | €1,872 | €4,322 | ▲ 131% |
| Current assets29/58 | €163,013 | €199,561 | €208,484 | €354,808 | €266,320 | ▼ 24.9% |
| Amounts receivable within one year40/41 | €139,212 | €173,125 | €175,414 | €302,425 | €226,342 | ▼ 25.2% |
| Trade receivables40 | - | €173,125 | €166,130 | €292,166 | €211,774 | ▼ 27.5% |
| Other amounts receivable41 | - | - | €9,285 | €10,259 | €14,568 | ▲ 42.0% |
| Cash at bank and in hand54/58 | €9,595 | €10,941 | €8,912 | €15,509 | €11,600 | ▼ 25.2% |
| Deferred charges and accrued income490/1 | - | €15,495 | €24,158 | €36,873 | €28,378 | ▼ 23.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €174,384 | €206,805 | €211,258 | €370,831 | €367,381 | ▼ 0.9% |
| Equity10/15 | €93,436 | €138,713 | €92,756 | €140,479 | €111,576 | ▼ 20.6% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | - | - | €18,600 | €18,600 | = |
| Share premium1100/10 | - | - | - | €18,600 | €18,600 | = |
| Reserves13 | €73,360 | €118,560 | €118,560 | €118,560 | €118,560 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €116,700 | €116,700 | €118,560 | €118,560 | = |
| Profit (loss) carried forward14 | €1,476 | €1,553 | -€44,404 | €3,319 | -€25,584 | ▼ 871% |
| Amounts payable17/49 | €80,948 | €68,093 | €118,502 | €230,353 | €255,805 | ▲ 11.0% |
| Amounts payable within one year42/48 | €80,948 | €68,093 | €118,502 | €230,353 | €255,805 | ▲ 11.0% |
| Current portion of amounts payable after more than one year42 | - | €3,000 | - | - | - | - |
| Trade debts44 | €32,082 | €8,612 | €58,015 | €117,941 | €81,245 | ▼ 31.1% |
| Suppliers440/4 | - | €8,612 | €58,015 | €117,941 | €81,245 | ▼ 31.1% |
| Taxes, remuneration and social security45 | - | €56,481 | €60,487 | €112,412 | €174,559 | ▲ 55.3% |
| Taxes450/3 | - | €36,613 | €24,281 | €48,057 | €44,833 | ▼ 6.7% |
| Remuneration and social security454/9 | - | €19,868 | €36,206 | €64,354 | €129,727 | ▲ 102% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,965 | €45,277 | -€45,957 | €47,722 | -€28,902 | ▼ 161% |
| + Depreciation and write-downs630 | €3,743 | €5,251 | €4,471 | €3,448 | €6,810 | ▲ 97.5% |
| Operating cash flow (approximation) | €52,708 | €50,528 | -€41,486 | €51,170 | -€22,092 | ▼ 143% |
| Investment in fixed assets (approximation) | - | -€1,126 | €0 | -€16,698 | -€91,847 | ▼ 450% |
| Change in cash | - | €1,346 | -€2,029 | €6,597 | -€3,909 | ▼ 159% |
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
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 27 days late
2023
31-12
Financial
Back to profitnet €47,722
Net result €47,722 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €140,479 ▲51.4%
Equity rises from €92,756 to €140,479.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet -€45,957
Net result drops to -€45,957, the lowest in the series; recovery starts the following year.
01-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 32 days late
2021
31-12
Financial
Equity above €100,000Eq €138,713 ▲48.5%
3 profitable years in a row build equity to €138,713.
24-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 55 days late
2020
31-12
Financial
Highest result since 2019net €48,965 ▲89.3%
Operating result €67,952, net result €48,965, both a record.
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 48 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Nivelles · 1 establishment unit since 2019
Ground area
2.1 ha
Building footprint
8,324 m²
2 parcels, Wallonia. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 establishment unit
VMA EXPRESS
since 20192.286.581.889
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25782C0669/00L000 | Wallonia | 1.2 ha | 1 · 7,329 m² | - |
| 25099D0028/00L002 | Wallonia | 9,620 m² | 1 · 994 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Parcel delivery
Notified to the BIPT
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Of 12,584 companies in sector 49410 we hold annual accounts for 8,199. 6,363 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
Founded08-03-2019
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
53200Other postal and courier activities
Contact
Phone
00000000000000Nivelles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0721992873
Also
9925:BE0721992873
Registered
10-07-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.