Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 3 to 1.9.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
EXPRESS VELDEGEM from Zedelgem, company number BE0518982761, closed financial year 2025 with a result of € -80,899 after tax. For that financial year EXPRESS VELDEGEM recorded a gross margin of € 5,745 and equity of € -478,308. Compared with financial year 2024, the result moved from € -38,732 to € -80,899. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on November 28, 2025.
€ -478,308
▼ € 80,899 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -80,899
▼ 109 % more loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -523,308.
People and assets in 2025
1.9
▼ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 58,689
▼ 22% vs 2024
€ 30,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 275
▼ 96% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 8,596
Loans from banks and other lenders, long and short.
€ 488,162
▼ 11% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 393
▼ 98% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 79,318 | € 35,655 | € 61,353 | € 5,745 | ▼ 91% |
| Profit after taxes | € -58,672 | € -85,369 | € -38,732 | € -80,899 | ▼ € 42,167 |
| Equity | € -273,308 | € -358,676 | € -397,409 | € -478,308 | ▼ € 80,899 |
| Total debts | € 420,604 | € 562,150 | € 570,623 | € 497,150 | ▼ 13% |
| Cash | € 8,141 | € 53,366 | € 42,507 | - | |
| Retained profit | € -318,308 | € -403,676 | € -442,409 | € -523,308 | ▼ € 80,899 |
| Bank debt | € 2,776 | € 0 | € 0 | € 8,596 | |
| Balance sheet total | € 147,296 | € 203,474 | € 173,215 | € 18,842 | ▼ 89% |
| Employees (FTE) | 3.4 | 3 | 2.4 | 1.9 | ▼ 0.5 |
Key figures of EXPRESS VELDEGEM, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to EXPRESS VELDEGEM?
What happened at EXPRESS VELDEGEM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 80,899. Source: NBB ↗
- New establishment in Zedelgem. KBO
- Bart Buddaert became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 58,672 loss in 2022 to € 80,899 loss in 2025.
Paid € 1,558 in corporate taxes since 2022.
On average € 3,000 of value added per employee in 2025.
Management
Behind EXPRESS VELDEGEM is Bart Buddaert. Bart Buddaert is also behind EXPRESS SINT CATHARINAPLEIN.
Directors
According to the 2025 annual accounts
since 2013
Establishments
Establishment units
Physical locations of this company
Koning Albertstraat 77
8210 Zedelgem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0518.982.761
- VAT number
- BE 0518.982.761
- Registered office
- Koning Albertstraat 77, 8210 Zedelgem
- Names & denominations
- EXPRESS VELDEGEM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 February 2013
- Peppol
- Not registered
- Activities · NACE
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 100 m² en minder dan 400 m²)