Equity
€145,423 ▼ 5.5%
BARANCAN has made a profit without a break since 2015.
BARANCAN
Lifetime
14 annual accounts with figures on one time axispeak €291,265 (2024)
€265,882▼ 8.7%
lowest -€16,502 (2023)
€6,352▼ 71.7%
peak €153,821 (2024)
€145,423▼ 5.5%
€237,371▼ 36.1%
peak 2.2 FTE (2021)
-not published
Board2 names since 2022
1 directorELÇI, Remzi
Documentsfilings and deeds
05-06-202656 days before the deadline
2025micro format
Result from €22,417 to €6,352Debts from €371,751 to €237,371Cash from €103,763 to €48,422
Key points
from the 2025 annual accountsTurnover
≈ €610,000 estimated
The micro format states no turnover.
Staff
3 employees on 31-12-2025
In 2025, nobody joined and 1 person left.
Payment terms
14 days to suppliers
BARANCAN pays its suppliers 109 days earlier than in 2024.
Filings
14 annual accounts 15 filings since 2012
Three of the last ten came late. The 2020 accounts came latest: 45 days after the end of the period.
Position in the sector
€145,423
More equity than 80% of companies in land transport. Sector median €34,663 · 5,957 companies.
Checked score
84
Excellent
Financially stronger than 38% of micro companies in land transport (NACE 49)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 9,092 companies (NACE 49, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.6%▲ +0.1 percentage points vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025highest value
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.6%● unchanged vs 06-2025
08-2025: 0.6%● unchanged vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.5%▼ -0.1 percentage points vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.3%▼ -0.2 percentage points vs 06-2026lowest value
08-2026: 0.3%● unchanged vs 07-2026lowest value
09-2026: 0.3%● unchanged vs 08-2026lowest value
10-2026: 0.3%● unchanged vs 09-2026lowest value
11-2026: 0.3%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Sector: Land transport and transport via pipelines (NACE 49)
lowers risk
Founded in 2010
Liquidity: current ratio 1.54, cash €48,422, halved
Figures for financial year 2025 (filed on 10-06-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, micro). It does better than 50% of them on solvency, 47% on liquidity, 24% on profitability and 30% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 10,904 companies had the same profile as BARANCAN has now. Each dot stands for 28 companies, two years later.
95.1%
were still trading
4.0%
stopped another way
0.7%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BARANCAN itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 10,904 companies, not a prediction for BARANCAN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €12,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.54 (1.36 in 2024), above the usual 1.5. Short-term debt is 40.5% and cash 12.6% of total assets. However, 62% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-06-2026, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
56 days early
2024
41 days early
2023
14 days early
2023
260 days late
2022
30 days late
2021
2 days late
2020
45 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 32 days after the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 June (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0829088593
Appointment: ELÇI, Remzi (director)
Gazette deed
Resignation: Ahmet Elçi (manager)
Director discharge: Ahmet Elçi · General meeting of 01-01-2022 · Gazette deed
Registered office moved within Deurne
New registered office: Du Montstraat 41 2100 Deurne · Previous registered office: Frank Craeybeckxlaan 4-2100 Deurne · Board meeting of 07-08-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BARANCAN Antwerp | €382,794 | €265,882 | 38.0% | - |
| TVH Nijlen | €365,800 | €298,574 | 81.0% | - |
| Dasab Trans Antwerp | €392,665 | €215,943 | 65.0% | 2.8 |
| JG CONSTRUCT Lille | €300,822 | €244,632 | 48.6% | - |
| CAFE RANDAXHE Sprimont | €428,756 | €262,964 | -5.8% | - |
| DOLENS TRANSPORTS Ciney | €442,850 | €252,942 | 34.1% | - |
| TL&C Pelt | €430,831 | €229,932 | 43.9% | - |
These companies have the same main activity as BARANCAN: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €301,000 and €443,000, founded between 2008 and 2010.
Official details
Source: KBO- Status
- Active since 06-09-2010Normal situation
- Activity
- Freight transport by roadNACE 49410
- Joint committee
- 140.03Road transport and logistics for third parties · annual accounts 2025
- Establishment unit
- 2.192.020.4502100 Antwerp, since 06-09-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 23-01-2025
Annual accounts 2025
- €382,794▼ 27.2%
- Employeeson 31-12-2025
- 3▼ 25.0%
- Filing
- Filed on 05-06-2026, 56 days before the end of the filing period
Insights on BARANCAN
BARANCAN files the micro format. That format states no turnover. The gross margin rose from €39,710 in 2012 to €265,882 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BARANCAN
- What is the company number of BARANCAN?
- The company number of BARANCAN is 0829.088.593. The VAT number is the same number with BE in front: BE 0829.088.593.
- Where is BARANCAN based?
- The registered office is at Du Montstraat 41, 2100 Antwerp.Company details
- What does BARANCAN do?
- According to the KBO register, the main activity is freight transport by road (NACE 49410).
- What is the legal form of BARANCAN?
- BARANCAN is a private limited company (BV).
- When was BARANCAN founded?
- BARANCAN was founded on 06-09-2010.
- Is BARANCAN still active?
- Yes, BARANCAN is an active enterprise in the KBO register.
- How many employees does BARANCAN have?
- BARANCAN had an average of 3.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does BARANCAN fall under?
- In its 2025 annual accounts, BARANCAN states joint committee 140.03 (Road transport and logistics for third parties).
- What is the turnover of BARANCAN?
- The turnover in financial year 2025 is ≈ €610,000. This figure is estimated from the gross margin of €265,882 and 49 comparable companies (NACE 49410). It probably lies between €510,000 and €750,000. In financial year 2024 turnover was €808,271.
- Is BARANCAN profitable?
- In financial year 2025, BARANCAN made a profit of €6,352.
- Where can I find the annual accounts of BARANCAN?
- BARANCAN filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BARANCAN due?
- BARANCAN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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