ACTIVE

M-EXPRESS

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Financial year 2024 · closed on 31/12/2024

Net result

-10,6 k €

+72.0% YoY

Gross margin

1,5 M €

+14.4% YoY

Equity

463,5 k €

-2.2% YoY

Workforce

22,8 ETP

+15.2% YoY

What does M-EXPRESS do?

M-EXPRESS is a Private limited company incorporated in 2004. Its main activity is: Freight transport by road. Its registered office is in Kuurne. It employs on average 22,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0862.584.376

Incorporation

12/01/2004

Legal form

Private limited company

Registered office

Pieter Verhaeghestraat 24
8520 Kuurne · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2024

Average workforce

22,8 ETP

Activities (NACE)

49410Freight transport by road· main 49410Freight transport by road 60242Television programming and broadcasting activities

Joint committees (3)

140
14003
226

Signals

Positive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,5 M €	+14.4%	1,4 M €	+15.1%	1,2 M €	+9.6%	1,1 M €	+8.3%	991,1 k €	-2.2%	1 M €	-7.2%	1,1 M €	+6.3%	1 M €	+21.6%	844,7 k €	+4.2%	810,9 k €	+13.8%	712,4 k €	+33.8%	532,5 k €	+61.9%	328,8 k €	+33.3%	246,7 k €	+11.8%	220,8 k €	+6.4%	207,4 k €	-7.1%	223,4 k €	-9.7%	247,4 k €	+4.9%	235,9 k €
EBITDA	339,1 k €	+15.2%	294,4 k €	-16.1%	351,1 k €	+7.4%	326,9 k €	+4.5%	312,8 k €	+2.6%	305 k €	-12.6%	349,1 k €	+76.3%	198 k €	-5.1%	208,6 k €	+4.6%	199,4 k €	-5.2%	210,4 k €	+184%	74 k €	-36.3%	116,2 k €	-13.1%	133,7 k €	+8.1%	123,6 k €	+19.0%	103,9 k €	-5.1%	109,5 k €	+30.9%	83,7 k €	-4.0%	87,2 k €
Operating result	43,7 k €	+64.5%	26,6 k €	-77.1%	116,1 k €	+0.4%	115,6 k €	+42.7%	81 k €	-6.2%	86,4 k €	-49.0%	169,4 k €	+3996%	4,1 k €	+121%	-19,4 k €	-140%	48,2 k €	-40.1%	80,4 k €	+351%	-32 k €	-185%	37,7 k €	-29.5%	53,5 k €	+36.9%	39,1 k €	+6.7%	36,6 k €	-38.0%	59 k €	+37.4%	43 k €	+44.1%	29,8 k €
Net result	-10,6 k €	+72.0%	-37,8 k €	-162%	61 k €	-4.3%	63,7 k €	+289%	16,4 k €	-50.5%	33,1 k €	-65.4%	95,6 k €	+240%	-68,2 k €	-8.8%	-62,7 k €	-979%	7,1 k €	-84.6%	46,4 k €	+178%	-59,7 k €	-43391%	137,8 €	-98.8%	11,1 k €	+1568%	-756,6 €	+81.8%	-4,2 k €	-123%	18,4 k €	+31.0%	14 k €	+291%	-7,3 k €
Balance sheet
Equity	463,5 k €	-2.2%	474,1 k €	-7.4%	511,9 k €	+291%	131,1 k €	+59.2%	82,3 k €	+24.8%	65,9 k €	+101%	32,9 k €	-83.0%	193,5 k €	-26.1%	261,7 k €	-19.3%	324,5 k €	+2.2%	317,3 k €	+17.1%	270,9 k €	+236%	80,6 k €	+0.2%	80,4 k €	+16.0%	69,3 k €	-1.1%	70,1 k €	-5.7%	74,3 k €	+32.9%	56 k €	+33.5%	41,9 k €
Total assets	3,4 M €	+6.1%	3,2 M €	-0.7%	3,2 M €	+17.8%	2,7 M €	+7.1%	2,5 M €	+2.2%	2,5 M €	+2.0%	2,4 M €	-24.1%	3,2 M €	+45.1%	2,2 M €	+26.7%	1,7 M €	+13.2%	1,5 M €	+16.7%	1,3 M €	+38.5%	953 k €	+72.7%	551,7 k €	-5.3%	582,8 k €	-0.8%	587,5 k €	+26.5%	464,6 k €	-9.0%	510,3 k €	+51.9%	335,8 k €
Cash	9,5 k €	-23.0%	12,3 k €	-75.8%	50,9 k €	+34.5%	37,8 k €	+250%	10,8 k €	+45.1%	7,5 k €	-49.7%	14,8 k €	-64.6%	41,8 k €	+202%	13,8 k €	+36.8%	10,1 k €	-28.7%	14,2 k €	-58.5%	34,2 k €	+16.8%	29,3 k €	+955%	2,8 k €	+50.9%	1,8 k €	+61.0%	1,1 k €	-84.3%	7,3 k €	-58.0%	17,4 k €	-61.8%	45,4 k €
Debts	2,9 M €	+8.3%	2,7 M €	+0.1%	2,7 M €	+3.7%	2,6 M €	+5.3%	2,5 M €	+1.6%	2,4 M €	+0.6%	2,4 M €	-20.3%	3 M €	+54.8%	1,9 M €	+37.0%	1,4 M €	+16.1%	1,2 M €	+16.7%	1 M €	+20.2%	872,4 k €	+85.1%	471,3 k €	-8.2%	513,5 k €	-0.7%	517,4 k €	+32.6%	390,2 k €	-14.1%	454,3 k €	+54.6%	293,9 k €
Other
Workforce	22,8 ETP	+15.2%	19,8 ETP	+23.8%	16,0 ETP	+2.6%	15,6 ETP	+4.7%	14,9 ETP	+3.5%	14,4 ETP	-0.7%	14,5 ETP	-8.8%	15,9 ETP	+17.8%	13,5 ETP	+10.7%	12,2 ETP	+23.2%	9,9 ETP	+6.5%	9,3 ETP	+111%	4,4 ETP	+83.3%	2,4 ETP	+9.1%	2,2 ETP	-26.7%	3,0 ETP	+3.4%	2,9 ETP	-12.1%	3,3 ETP	+22.2%	2,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 7 ended

Active mandates

MANAGEMENT DE RUDDER

Director · since 04 avril 2025 · 0644.443.947

Represented by De RUDDER IGNACE

Active

Ended mandates

Jan Maertens

Manager · since 01 janvier 2008

Ended

JAN MAERTENS

Director · since 01 janvier 2008

Ended

Roel Maertens

Director · since 12 janvier 2004

Ended

Jan Maertens

Director

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/08/2025	09/08/2024	03/07/2023	26/08/2022	21/10/2021	07/07/2020
General meeting	13/06/2025	14/06/2024	09/06/2023	10/06/2022	11/06/2021	12/06/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	13/06/2025	29/08/2025	Dutch	PDF
Abridged model	31/12/2023	14/06/2024	09/08/2024	Dutch	PDF
Abridged model	31/12/2022	09/06/2023	03/07/2023	Dutch	PDF
Abridged model	31/12/2021	10/06/2022	26/08/2022	Dutch	PDF
Abridged model	31/12/2020	11/06/2021	21/10/2021	Dutch	PDF
Abridged model	31/12/2019	12/06/2020	07/07/2020	Dutch	PDF
Abridged model	31/12/2018	14/06/2019	30/08/2019	Dutch	PDF
Abridged model	31/12/2017	08/06/2018	22/06/2018	Dutch	PDF
Abridged model	31/12/2016	09/06/2017	23/08/2017	Dutch	PDF
Abridged model	31/12/2015	10/06/2016	27/06/2016	Dutch	PDF
Abridged model	31/12/2014	12/06/2015	19/06/2015	Dutch	PDF
Abridged model	31/12/2013	13/06/2014	01/07/2014	Dutch	PDF
Abridged model	31/12/2012	14/06/2013	31/07/2013	Dutch	PDF
Abridged model	31/12/2011	08/06/2012	13/06/2012	Dutch	PDF
Abridged model	31/12/2010	10/06/2011	29/06/2011	Dutch	PDF
Abridged model	31/12/2009	30/07/2010	27/08/2010	Dutch	PDF
Abridged model	31/12/2008	12/06/2009	10/08/2009	Dutch	PDF
Abridged model	31/12/2007	27/06/2008	16/07/2008	Dutch	PDF
Abridged model	31/12/2006	08/06/2007	04/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 7 ended

Active mandates

MANAGEMENT DE RUDDER

Director · since 04 avril 2025 · 0644.443.947

Represented by De RUDDER IGNACE

Active

Ended mandates

Jan Maertens

Manager · since 01 janvier 2008

Ended

JAN MAERTENS

Director · since 01 janvier 2008

Ended

Roel Maertens

Director · since 12 janvier 2004

Ended

Jan Maertens

Director

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring20/01/2026
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring24/11/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates06/06/2025
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Other05/05/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL
PDF
Registered office16/07/2018
MAATSCHAPPELIJKE ZETEL
PDF
Mandates25/02/2008
ONTSLAGEN - BENOEMINGEN
PDF
Registered office13/02/2007
MAATSCHAPPELIJKE ZETEL
PDF
Other19/01/2004
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2024
Annual accounts 2024-10,6 k €↑
2023
Annual accounts 2023-37,8 k €↓
2022
Annual accounts 202261 k €↓
2021
Annual accounts 202163,7 k €↑
2020
Annual accounts 202016,4 k €↓
2019
Annual accounts 201933,1 k €↓
2018
Annual accounts 201895,6 k €↑
2017
Annual accounts 2017-68,2 k €↓
2016
Annual accounts 2016-62,7 k €↓
2015
Annual accounts 20157,1 k €↓
2014
Annual accounts 201446,4 k €↑
2013
Annual accounts 2013-59,7 k €↓
2012
Annual accounts 2012137,8 €↓
2011
Annual accounts 201111,1 k €↑
2010
Annual accounts 2010-756,6 €↑
2009
Annual accounts 2009-4,2 k €↓
2008
Annual accounts 200818,4 k €↑
2007
Annual accounts 200714 k €↑
2006
Annual accounts 2006-7,3 k €
12/01/2004
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

M-EXPRESS

Overview

What does M-EXPRESS do?

Trend over 19 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline