Age2 yrs
Real estate2 parcels · 2,131 m²
Summary
Conclusion
the dossier summarised in one paragraphThe KBO register records legal situation 050 for V2V EXPRESS THREE (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2025 annual accounts show negative equity (€-165k) and a net result of €-168k.
Based on the State Gazette, CBE and 2 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneBankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Signals
1 signal · with evidenceNegative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideFiled after the deadline
The financial year that closed on 31-10-2025 was due by 31-05-2026 and was filed on 01-06-2026, 1 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.
The next deadline is still running
The next financial year closes on 31-10-2026 and is due by 31-05-2027. Nothing is late today.
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
How we compute the deadline
The year end is derived from 2 filed financial years, each closing on 31-10. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-10-2025, that is 31-05-2026.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-10-2025 | 31-05-2026 | 01-06-2026 | 1 d late | 2026-00129394 |
| 31-10-2024 | 31-05-2025 | 30-07-2025 | 60 d late | 2025-00328876 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsYoung company
Founded in 2023, under 3 years, statistically higher risk.
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-168k-23.0%
Working capital€-331k-82.5%
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 01-06-2026 with the NBB · fiscal year 2025 · verkort
Sector comparison
Fiscal year 2025 · NACE 47, Retail trade · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -25.0% | 21.2% | |
| Net result | €-168k | €33k | |
| Equity | €-165k | €163k | |
| Gross operating margin | €281k | €281k | |
| Staff costs | €316k | €212k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€-46k
-92.9%
24-25
€-168k
-23.0%
24-25
€-79k
-60.7%
24-25
€660k
-29.6%
24-25
€-165k
-
24-25
€-331k
-82.5%
24-25
8
0.0%
24-25
€316k
+5.7%
24-25
Show 10 other metrics
€824k
-11.7%
24-25
€544k
-7.6%
24-25
€274k
-19.0%
24-25
0.39
-43.4%
24-25
0.13
-71.0%
24-25
-25.0%
-
24-25
-5.01
-
24-25
102.1%
-
24-25
-25.5%
-74.8%
24-25
-1.40
-49.3%
24-25
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €-46k |
| Net profit | €-168k |
| Cash flow | €-79k |
| Staff costs | €316k |
| Income taxes | - |
| Dividends | - |
| Total assets | €660k |
| Equity | €-165k |
| Debt | €824k |
| of which ≤ 1y | €544k |
| of which > 1y | €274k |
| Working capital | €-331k |
| Employees (FTE) | 8.1 |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 0.39 |
| Quick ratio | 0.13 |
| Working capital ratio | -50.2% |
| Solvency | -25.0% |
| Debt / equity | -5.01 |
| Long-term debt ratio | -1.66 |
| Interest coverage | -1.40 |
| Gross margin | - |
| Net margin | - |
| ROA | -25.5% |
| ROE | 102.1% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €660k |
| Fixed assets | 21/28 | €446k |
| Tangible fixed assets | 22/27 | €446k |
| Current assets | 29/58 | €213k |
| Stocks & contracts in progress | 3 | €141k |
| Amounts receivable within one year | 40/41 | €42k |
| Cash & bank | 54/58 | €28k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €660k |
| Equity | 10/15 | €-165k |
| Contributions / capital | 10/11 | €140k |
| Accumulated profits (losses) | 14 | €-305k |
| Amounts payable | 17/49 | €824k |
| Amounts payable after one year | 17 | €274k |
| Amounts payable within one year | 42/48 | €544k |
| Trade debts payable within one year | 44 | €416k |
| Income statement | ||
| Gross operating margin | 9900 | €281k |
| Operating result | 9901 | €-135k |
| Financial income | 75 | €0 |
| Financial charges | 65 | €33k |
| Result before taxes | 9903 | €-168k |
| Net result for the period | 9904 | €-168k |
| Result to be appropriated | 9905 | €-168k |
This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2025 · computed0
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2025 and the legal situation the KBO register itself records. Indicative, not credit advice.
Structure & network
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationV2V EXPRESS THREE
since 20232.351.991.464
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area2,131 m²
Buildings2
Building footprint619 m²
Volume (LiDAR)4,141 m³
Tallest building21.1 m · ±2 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23033A0133/00Z007 | Flanders | 1,242 m² | 1 · 124 m² | 9.9 m · 2 fl. |
| 21614H0007/00X012 | Brussels | 889 m² | 1 · 495 m² | 21.1 m · 2 fl. |
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.
Publications
Lifecycle & Insolvency Signals
No insolvency signals found in the Belgian State Gazette. The KBO register does record a special legal situation for this company, so do not read this as a clean bill of health.
Belgian State Gazette · acts
0 of 2 acts readWe 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.
Analysis
Financial profile
5 of 5 axes measured33
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
100
Solvency
33
Growth
32
Stability
0
Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 1,663 of the 10,426 companies in this sector. 422 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen47110Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte < 100 m²)47112Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 100 m² en minder dan 400 m²)47113
Primary activity highlighted.
Names & trade names
| Legal nameFR | V2V EXPRESS THREE |
| Legal nameNL | V2V EXPRESS THREE |
Registered office
Tentrappenstraat 12
1560 Hoeilaart, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.