ZOELSE EXPRESS · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of ZOELSE EXPRESS is 0.9% (low). The 2025 annual accounts show equity of €224k and a net result of €-38k. Equity is growing by ~12.1% per year across the filed fiscal years. Its solvency ranks better than 72% of 478 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Filing behaviour

From the deposit records, complete market-wide

Filed after the deadline

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-04-2026, 61 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.

How we compute the deadline

The year end is derived from 8 filed financial years, each closing on 30-06. 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 30-06-2025, that is 31-01-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
30-06-2025	31-01-2026	02-04-2026	61 d late	2026-00071171
30-06-2024	31-01-2025	03-02-2025	3 d late	2025-00030733
30-06-2023	31-01-2024	31-01-2024	on the day	2024-00023380
30-06-2022	31-01-2023	23-02-2023	23 d late	2023-00030475
30-06-2021	31-01-2022	02-03-2022	30 d late	2022-06900264
30-06-2020	31-01-2021	29-01-2021	2 d early	2021-02900193
30-06-2019	31-01-2020	31-01-2020	on the day	2020-03800546
30-06-2018	31-01-2019	25-01-2019	6 d early	2019-02400287

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 signals

More than 3 years active

Founded in 2017, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

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.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.9% Low

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€-38k

Working capital€160k-7.1%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 02-04-2026 with the NBB · fiscal year 2025 · verkort

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~12.1%/year over 7 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

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).

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	42.0%	21.2%	better than 72% of 478 sector peers
Net result	€-38k	€33k	better than 17% of 476 sector peers
Equity	€224k	€166k	better than 56% of 478 sector peers
Gross operating margin	€174k	€282k	better than 35% of 478 sector peers
Staff costs	€121k	€212k	higher than 32% of 385 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P72

Improving position over 2020-2025 · n=478-1225

Net result P17

Weakening position over 2020-2025 · n=476-1224

Equity P56

Improving position over 2020-2025 · n=478-1225

Gross operating margin P35

Weakening position over 2020-2025 · n=478-1223

Describes the position versus peers, not a forecast.

EBITDA

€51k

-51.6% 19-25

Net profit

€-38k

- 19-25

Cash flow

€-800

- 19-25

Total assets

€534k

-6.1% 19-25

Equity

€224k

-14.4% 19-25

Working capital

€160k

-7.1% 19-25

Employees (FTE)

3

-26.7% 19-25

Staff costs

€121k

-2.8% 19-25

Income taxes

€14k

-31.4% 19-25

Dividends

€128k

+27.9% 19-25

Debt

€309k

+1.0% 19-25

Debt ≤ 1y

€309k

+4.5% 19-25

Debt > 1y

€10k

-68.6% 19-25

Current ratio

1.52

-4.1% 19-25

Quick ratio

1.27

-4.1% 19-25

Solvency

42.0%

-8.9% 19-25

Debt / equity

1.38

+18.0% 19-25

ROE

-16.8%

- 19-25

ROA

-7.1%

- 19-25

Interest coverage

5.05

-70.5% 19-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	verkort
Revenue	-
EBITDA	€51k
Net profit	€-38k
Cash flow	€-800
Staff costs	€121k
Income taxes	-
Dividends	-
Total assets	€534k
Equity	€224k
Debt	€309k
of which ≤ 1y	€309k
of which > 1y	-
Working capital	€160k
Employees (FTE)	3.3

Ratios (computed)

	2025
Current ratio	1.52
Quick ratio	1.27
Working capital ratio	29.9%
Solvency	42.0%
Debt / equity	1.38
Long-term debt ratio	-
Interest coverage	5.05
Gross margin	-
Net margin	-
ROA	-7.1%
ROE	-16.8%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €64k · 12.1% Current assets €469k · 87.9%

Equity & liabilities

Equity €224k · 42.0% Debt €309k · 58.0%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€534k
Fixed assets	21/28	€64k
Tangible fixed assets	22/27	€64k
Current assets	29/58	€469k
Stocks & contracts in progress	3	€76k
Amounts receivable within one year	40/41	€97k
Cash & bank	54/58	€48k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€534k
Equity	10/15	€224k
Contributions / capital	10/11	€60k
Reserves	13	€5k
Accumulated profits (losses)	14	€160k
Amounts payable	17/49	€309k
Amounts payable within one year	42/48	€309k
Trade debts payable within one year	44	€216k
Income statement
Gross operating margin	9900	€174k
Operating result	9901	€14k
Financial income	75	€85
Financial charges	65	€10k
Result before taxes	9903	€-38k
Net result for the period	9904	€-38k
Result to be appropriated	9905	€-38k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

63 / 100 Healthy

050100

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.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Establishment units

1 location

Zoelse Express

Gevaertlaan 2, 2260 WesterloDetailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 100 m² en minder dan 400 m²)

since 20172.264.889.622

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area960 m²

Buildings1

Building footprint221 m²

Volume (LiDAR)1,109 m³

Tallest building6.9 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels 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 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13052A0171/00P000	Flanders	960 m²	1 · 221 m²	6.8 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 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 in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. 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

Snowflake analysis

financial profile on 5 axes

58 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 63

Profitability 0

Solvency 76

Growth 52

Stability 100

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Credit advice

verdict per customer and amount

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We hold annual accounts for 1,627 of the 10,430 companies in this sector. 949 of them are within a factor 10 of this company's equity.

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Company registry

Company registry (CBE)

Crossroads Bank

Activities

Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen47110Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 100 m² en minder dan 400 m²)47113Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte = 2500 m²)47115

Primary activity highlighted.

Names & trade names

Legal nameNL

ZOELSE EXPRESS

Registered office

Gevaertlaan 2

2260 Westerlo, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.