Equity
€226,168 ▲ 87.9%
BELCOTRANS has made a profit in every financial year since 2021.
BELCOTRANS
Lifetime
5 annual accounts with figures on one time axispeak €1.0m (2025)
€1.0m▲ 42.4%
peak €105,771 (2025)
€105,771▲ 144%
peak €226,168 (2025)
€226,168▲ 87.9%
€198,582▲ 56.5%
peak 17.2 FTE (2025)
17.2 FTE
Board2 names since 2021
2 directorsDIBO INVESTMENT and 1 other
Owners2 names in the annual accounts
50%GINI Consult
Documentsfilings and deeds
22-06-202639 days before the deadline
2025abbreviated format
Gross margin from €718,166 to €1.0mResult from €43,408 to €105,771Equity from €120,397 to €226,168Debts from €126,855 to €198,582Cash from €113,465 to €25,768
Key points
from the 2025 annual accountsResult
€105,771 ▲ 144%
The result rose in 2025 from €43,408 to €105,771.
Turnover
≈ €1.9m estimated
The accounts state no turnover.
Debts
€198,582 ▲ 56.5%
Debts rose by €71,727 in 2025.
Investments
€1,074 1.6 × depreciation
Green is investment, beige is depreciation.
Staff
19 employees on 31-12-2025
In 2025, 5 people joined and 1 left.
Checked score
57
Fair
Financially stronger than 73% of small companies in land transport (NACE 49)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 1,181 companies (NACE 49, small).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%
01-2025: 0.9%● unchanged vs 12-2024
02-2025: 0.9%● unchanged vs 01-2025
03-2025: 0.9%● unchanged vs 02-2025
04-2025: 1.0%▲ +0.1 percentage points vs 03-2025
05-2025: 1.1%▲ +0.1 percentage points vs 04-2025
06-2025: 1.1%● unchanged vs 05-2025
07-2025: 1.3%▲ +0.2 percentage points vs 06-2025
08-2025: 0.6%▼ -0.7 percentage points 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: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025lowest value
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.7%▲ +0.1 percentage points vs 04-2026
06-2026: 0.6%▼ -0.1 percentage points vs 05-2026
07-2026: 0.7%▲ +0.1 percentage points vs 06-2026
08-2026: 0.8%▲ +0.1 percentage points vs 07-2026
09-2026: 0.9%▲ +0.1 percentage points vs 08-2026
10-2026: 1.7%▲ +0.8 percentage points vs 09-2026highest value
11-2026: 1.7%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Land transport and transport via pipelines (NACE 49)
Founded in 2021
Size: 17.2 FTE, total assets €424,750
lowers risk
Equity €226,168 (53.2% of total assets)
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, small). It does better than 70% of them on solvency, 30% on liquidity, 97% on profitability and 95% 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 moderate class on 30-06-2025, 2.4% 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, 6,782 companies had the same profile as BELCOTRANS has now. Each dot stands for 17 companies, two years later.
96.7%
were still trading
2.7%
stopped another way
0.6%
went bankrupt
The bankruptcy probability of BELCOTRANS itself is higher: 1.7% within 12 months. It rests on far more data about BELCOTRANS than the profile alone.
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 6,782 companies, not a prediction for BELCOTRANS. 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 2.12 (1.93 in 2024), above the usual 1.5. Short-term debt is 46.8% and cash 6.1% of total assets. 46.8% 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 22-06-2026, 39 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
39 days early
2024
14 days early
2023
37 days early
2022
39 days early
2021
40 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 34 days before 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 22 June (5 of the last 5 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
Board and ownership
- DIBO INVESTMENT 50%score 94equity €9.1m (2025) · 2025 annual accounts of DIBO INVESTMENT
- GINI Consult 50%score 87equity €43,643 (2025) · 2025 annual accounts of GINI Consult
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0764302491
Incorporation
Founding capital of €40,000, 400 shares · Founders: DIBO INVESTMENT and GINI CONSULT · Appointments: DIBO INVESTMENT (director) and GINI CONSULT (director) · published on 26-02-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BELCOTRANS Zulte | €424,750 | €1.0m | 53.2% | 17.2 |
| MTS LOGISTICS Turnhout | €531,905 | €1.2m | -24.6% | 15.5 |
| FURNITURE TRANSPORT Middelkerke | €543,574 | €1.0m | 22.9% | 16.9 |
| P-LOGISTIQUE Wavre | €408,443 | €0.8m | 47.2% | 15 |
| LOISELET TRANSPORTS Ath | €472,165 | €1.3m | 7.1% | 18.4 |
| EXPRESSY Bilzen-Hoeselt | €457,895 | €1.0m | 36.5% | 19.5 |
| VMA EXPRESS Nivelles | €336,243 | €0.9m | 26.9% | 15.9 |
These companies have the same main activity as BELCOTRANS: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €336,000 and €544,000, founded between 2019 and 2022.
Official details
Source: KBO- Status
- Active since 24-02-2021Normal situation
- Activity
- Freight transport by roadNACE 49410and 4 others
- Joint committees
- 140.03Road transport and logistics for third parties
- 226White-collar workers in international trade, transport and logistics · annual accounts 2025
- Establishment units
- 2.314.322.1093990 Peer, since 24-02-2021
- 2.314.322.2089870 Zulte, since 24-02-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 15-12-2025
Annual accounts 2025
- €424,750▲ 71.8%
- Employeeson 31-12-2025
- 19▲ 26.7%
- Filing
- Filed on 22-06-2026, 39 days before the end of the filing period
Insights on BELCOTRANS
BELCOTRANS files the abbreviated format. That format states no turnover. The gross margin rose from €239,735 in 2021 to €1.0m 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 BELCOTRANS
- What is the company number of BELCOTRANS?
- The company number of BELCOTRANS is 0764.302.491. The VAT number is the same number with BE in front: BE 0764.302.491.
- Where is BELCOTRANS based?
- The registered office is at Oude Waalstraat 251, 9870 Zulte.Company details
- What does BELCOTRANS do?
- According to the KBO register, the main activity is freight transport by road (NACE 49410).
- What is the legal form of BELCOTRANS?
- BELCOTRANS is a private limited company (BV).
- When was BELCOTRANS founded?
- BELCOTRANS was founded on 24-02-2021.
- Is BELCOTRANS still active?
- Yes, BELCOTRANS is an active enterprise in the KBO register.
- How many employees does BELCOTRANS have?
- BELCOTRANS had an average of 17.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does BELCOTRANS fall under?
- In its 2025 annual accounts, BELCOTRANS states joint committees 140.03 (Road transport and logistics for third parties) and 226 (White-collar workers in international trade, transport and logistics).
- What is the turnover of BELCOTRANS?
- The turnover in financial year 2025 is ≈ €1.9m. This figure is estimated from the gross margin of €1.0m and 31 comparable companies (NACE 49410). It probably lies between €1.7m and €2.3m.
- Is BELCOTRANS profitable?
- In financial year 2025, BELCOTRANS made a profit of €105,771.
- Where can I find the annual accounts of BELCOTRANS?
- BELCOTRANS filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BELCOTRANS due?
- BELCOTRANS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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