ONE WAY EXPRESS
ActiveThe computed 12-month bankruptcy probability of ONE WAY EXPRESS is 2.7% (moderate). The 2024 annual accounts show equity of €383k and a net result of €11k. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 55% of 1850 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
60
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability70▼-3
Solvency71▲+5
Growth52=
Track record100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 2.26 against 1.83 in 2023; short-term debt: 18.4% and cash: 6.7% of total assets), but 54.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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
Sector 49
higher
← 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
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 02-07-2025, 29 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
41 d late
2022
28 d late
2021
1 d late
2020
36 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€383k▲ 2.9%
2023 · €372k
2020: €220k
2021: €305k
2022: €341k
2023: €372k
2020 → 2024
Total assets
€836k▼ 8.0%
2023 · €909k
2020: €911k
2021: €997k
2022: €905k
2023: €909k
2020 → 2024
Net result
€11k▼ 65.3%
2023 · €31k
2020: €200k
2021: €84k
2022: €37k
2023: €31k
2020 → 2024
Working capital
€194k▲ 20.8%
2023 · €160k
2020: €-59k
2021: €40k
2022: €112k
2023: €160k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€220k-€305k▲ 38.4%€341k▲ 12.1%€372k▲ 9.0%€383k▲ 2.9%
Operating result€314k-€139k▼ 55.9%€78k▼ 43.5%€64k▼ 18.0%€40k▼ 37.8%
Net result€200k-€84k▼ 57.8%€37k▼ 56.3%€31k▼ 16.9%€11k▼ 65.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2024 is 38% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €836k
Fixed assets
€488k▼ 12.1%
Current assets
€348k▼ 1.5%
Equity and liabilities €836k
Equity
€383k▲ 2.9%
Debt
€454k▼ 15.5%
The debt ratio falls from 59.1% to 54.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€177k▼
2023 · €204k
Cash flow
€148k▼
2023 · €170k
Solvency
45.8%▲
2023 · 40.9%
Current ratio
2.26▲
2023 · 1.83
Quick ratio
2.26▲
2023 · 1.83
Debt / equity
1.19▼
2023 · 1.44
ROE
2.8%▼
2023 · 8.2%
ROA
1.3%▼
2023 · 3.4%
Interest coverage
8.95▼
2023 · 11.42
Debt
€454k▼
2023 · €537k
Debt ≤ 1 year
€154k▼
2023 · €193k
Debt > 1 year
€299k▼
2023 · €344k
Income taxes
€10k▼
2023 · €16k
Staff costs
€425k▲
2023 · €351k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€909k€836k▼
Fixed assets21/28€556k€488k▼
Intangible fixed assets21€1€1=
Tangible fixed assets22/27€556k€488k▼
Land and buildings22€223k€214k▼
Plant, machinery and equipment23€8k€39k▲
Furniture and vehicles24€147k€122k▼
Leasing and similar rights25€177k€113k▼
Financial fixed assets28€400€400=
Current assets29/58€353k€348k▼
Amounts receivable within one year40/41€332k€292k▼
Trade receivables40€272k€230k▼
Other amounts receivable41€59k€62k▲
Cash at bank and in hand54/58€21k€56k▲
Deferred charges and accrued income490/1€284€415▲
Equity and liabilities
Total equity and liabilities10/49€909k€836k▼
Equity10/15€372k€383k▲
Contributions10/11€20k€20k=
Reserves13€352k€363k▲
Distributable reserves133€352k€363k▲
Amounts payable17/49€537k€454k▼
Amounts payable after more than one year17€344k€299k▼
Financial debts170/4€344k€299k▼
Amounts payable within one year42/48€193k€154k▼
Current portion of amounts payable after more than one year42€101k€86k▼
Financial debts43€32k€32k=
Credit institutions430/8€32k€32k=
Trade debts44€37k€18k▼
Suppliers440/4€37k€18k▼
Taxes, remuneration and social security45€22k€19k▼
Taxes450/3€11k€5k▼
Remuneration and social security454/9€11k€13k▲
Other amounts payable47/48€37-
Income statement
Code20232024
Non-recurring operating income76A€18k-
Remuneration, social security and pensions62€351k€425k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€139k€137k▼
Other operating charges640/8€101k€107k▲
Non-recurring operating charges66A€7k-
Gross operating margin9900€662k€709k▲
Operating profit (loss)9901€64k€40k▼
Financial income75/76B€0€131▲
Recurring financial income75€0€131▲
Financial charges65/66B€18k€20k▲
Recurring financial charges65€18k€20k▲
Profit (loss) for the period before taxes9903€46k€20k▼
Income taxes67/77€16k€10k▼
Profit (loss) for the period9904€31k€11k▼
Profit (loss) for the period to be appropriated9905€31k€11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€31k€11k▼
Transfer to equity691/2€31k€11k▼
To other reserves6921€31k€11k▼
Social balance
Average headcount (FTE)90878.39.8▲
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €11k ▼65.3%
Net result drops to €11k, the lowest in the series.
10-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 41 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 1 day late
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Geraardsbergen · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Schillebeekstraat 999500 GeraardsbergenGround area
6,702 m²
Building footprint
315 m²
Volume, LiDAR
955 m³
2 parcels, Flanders, Wallonia · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ONE WAY EXPRESS
since 20192.294.347.037
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55007D0009/00R003 | Wallonia | 5,851 m² | 1 · 168 m² | 10.8 m · 2 fl. |
| 41056B0767/00E000 | Flanders | 851 m² | 1 · 148 m² | - |
Linked by address, not proof of ownership
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 4,206 EUR awarded · 3,810 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 52 EUR | 0 EUR |
| 2024 | 1 | 342 EUR | 394 EUR |
| 2023 | 2 | 3,396 EUR | 3,183 EUR |
| 2022 | 1 | 416 EUR | 233 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteLessines2.294.347.037
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RIBA TRANSPORT
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Of 12,606 companies in sector 49410 we hold annual accounts for 8,195. 5,561 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-09-2019
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
52250Logistics services
52290Warehousing and support activities for transportation
53200Other postal and courier activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.