LR EXPRESS

Active

Private limited companyfounded 20224 yrs activeLouizalaan 209A, 1050 Elsene, BelgiumKBO/BCE: BE 0779.864.657

Summary

The computed 12-month bankruptcy probability of LR EXPRESS is 7.7% (elevated). The 2024 annual accounts show equity of €19k and a net result of €-3k. Equity is growing by ~21.5% per year across the filed fiscal years. Its solvency ranks better than 31% of 6717 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

41 / 100

Weak

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability65▲+12

Solvency44▼-11

Growth52=

Track record94

Bankruptcy probability, 12 months

7.7% Elevated

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days only on tighter terms

Liquidity short (current ratio 0.8 against 0.73 in 2023; short-term debt: 34.5% and cash: 2.4% of total assets), and 80.9% of the assets are financed with debt.

How do we compute the score and the probability?

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Signals

Six signals. The signal on the left, the evidence on the right.

+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

Sector 49

higher

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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 2024

Solvency, return and age of the figures

Solvency

19.1%

Return on assets

-2.9%

Age of the figures

21 mo

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

222324

2022 to 2024 · latest year €-3k

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-12-2025, 128 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 3 filings

Deviation from the deadline

2025

not confirmed

2024

128 d late

2023

383 d late

2022

749 d late

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€19k▼ 13.2%

2023 · €21k

2022: €11k 2023: €21k

2022 → 2024

Total assets

€98k▲ 38.2%

2023 · €71k

2022: €87k 2023: €71k

2022 → 2024

Net result

€-3k▲ 69.1%

2023 · €-9k

2022: €21k 2023: €-9k

2022 → 2024

Working capital

€-7k▼ 5.0%

2023 · €-6k

2022: €-22k 2023: €-6k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Equity€11k-€21k▲ 102%€19k▼ 13.2%

Operating result€26k-€-9k€-331▲ 96.2%

Net result€21k-€-9k€-3k▲ 69.1%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €331 in 2024 against €9k in 2023; the loss shrinks.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €98k

72.5%

27.5%

Fixed assets €71k ▲ 32.4%

Current assets €27k ▲ 55.9%

Equity and liabilities €98k

19.1%

80.9%

Equity €19k ▼ 13.2%

Debt €79k ▲ 60.5%

Debt's share of the balance-sheet total rises from 69.6% to 80.9%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€18k▲

2023 · €6k

Cash flow

€16k▲

2023 · €5k

Current ratio

0.80▲

2023 · 0.73

Debt to equity

4.24▲

2023 · 2.29

ROE

-15.2%▲

2023 · -42.6%

ROA

-2.9%▲

2023 · -12.9%

Interest coverage

24.32▼

2023 · 44.19

Debt ≤ 1 year

€34k▲

2023 · €24k

Debt > 1 year

€45k▲

2023 · €26k

Income taxes

€2k▲

2023 · €434

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2024 against 2023 · 38 lines

Balance sheet Code20232024

Assets

Total assets20/58€71k€98k▲

Fixed assets21/28€53k€71k▲

Tangible fixed assets22/27€53k€71k▲

Plant, machinery and equipment23€2k€2k▲

Furniture and vehicles24€17k€5k▼

Leasing and similar rights25€34k€64k▲

Current assets29/58€17k€27k▲

Amounts receivable within one year40/41€14k€25k▲

Trade receivables40€13k€14k▲

Other amounts receivable41€1k€11k▲

Cash at bank and in hand54/58€3k€2k▼

Equity and liabilities

Total equity and liabilities10/49€71k€98k▲

Equity10/15€21k€19k▼

Contributions10/11€10k€10k=

Profit (loss) carried forward14€11k€9k▼

Amounts payable17/49€49k€79k▲

Amounts payable after more than one year17€26k€45k▲

Financial debts170/4€26k€45k▲

Amounts payable within one year42/48€24k€34k▲

Current portion of amounts payable after more than one year42€9k€18k▲

Trade debts44€7k€8k▲

Suppliers440/4€7k€8k▲

Taxes, remuneration and social security45€8k€8k▲

Taxes450/3€8k€8k▲

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€19k▲

Other operating charges640/8€2k€3k▲

Gross operating margin9900€7k€21k▲

Operating profit (loss)9901€-9k€-331▲

Financial income75/76B€80€37▼

Recurring financial income75€80€37▼

Financial charges65/66B€126€760▲

Recurring financial charges65€126€760▲

Profit (loss) for the period before taxes9903€-9k€-1k▲

Income taxes67/77€434€2k▲

Profit (loss) for the period9904€-9k€-3k▲

Profit (loss) for the period to be appropriated9905€-9k€-3k▲

Appropriation of the result

Profit (loss) to be appropriated9906€11k€9k▼

Profit (loss) brought forward from the previous period14P€21k€11k▼

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Timeline · acts, filings and financial milestones

All 4Financial 1Filings 3

2025

06-12

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 128 days late

18-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 383 days late

18-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 749 days late

2023

31-12

Financial Weakest financial yearnet €-9k

Net result drops to €-9k, the lowest in the series; recovery starts the following year.

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, Elsene

exact location from the address register On OpenStreetMap

Ground area

480 m²

Building footprint

417 m²

Volume, LiDAR

9,711 m³

Parcel 21807G0120/00H005, Brussels · tallest building 29.8 m, ±8 floors. Linked by address, not a title deed.

276 companies at this address See who is registered here

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21807G0120/00H005	Brussels	480 m²	1 · 417 m²	29.8 m · 8 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Sint-Lambrechts-Woluwe · Eq €16k

Ottignies-Louvain-la-Neuve · Eq €14k

TANKSHOP SARAH

BE 0838.248.957

Bornem · Eq €26k

Of 103 companies in sector 49500 we hold annual accounts for 72. 43 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded08-01-2022

Fiscal year end31-12

Activities, NACEBEL 2025

49500Land transport and transport via pipelines

46711Wholesale of cars and light vans (up to 3.5 tonnes)

47811Retail sale of cars and light vans (up to 3.5 tonnes)

46180Agents specialised in the wholesale of other particular products

71201Architectural and engineering activities; technical testing and analysis

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.