BELCOTRANS
ActiveSummary
The computed 12-month bankruptcy probability of BELCOTRANS is 4.1% (elevated). The 2024 annual accounts show equity of €120k and a net result of €43k. Equity is growing by ~17.3% per year across the filed fiscal years. Its solvency ranks better than 61% of 6720 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability91▲+27
Solvency74▲+1
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
4.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days only on tighter terms
Liquidity ample (current ratio 1.93 against 1.89 in 2023; short-term debt: 51.3% and cash: 45.9% of total assets), but 51.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-07-2025, 14 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
14 d early
2023
37 d early
2022
39 d early
2021
40 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€120k▲ 56.4%
2023 · €77k
2021: €63klowest in 4 years
2022: €70k▲ +11.1% vs 2021
2023: €77k▲ +9.3% vs 2022
2024: €120k▲ +56.4% vs 2023highest in 4 years
2021 → 2024
Total assets
€247k▲ 52.9%
2023 · €162k
2021: €127klowest in 4 years
2022: €130k▲ +2.4% vs 2021
2023: €162k▲ +24.0% vs 2022
2024: €247k▲ +52.9% vs 2023highest in 4 years
2021 → 2024
Net result
€43k▲ 565%
2023 · €7k
2021: €23k
2022: €7k▼ -69.9% vs 2021
2023: €7k▼ -7.4% vs 2022lowest in 4 years
2024: €43k▲ +565% vs 2023highest in 4 years
2021 → 2024
Working capital
€117k▲ 55.0%
2023 · €76k
2021: €55klowest in 4 years
2022: €70k▲ +27.6% vs 2021
2023: €76k▲ +7.5% vs 2022
2024: €117k▲ +55.0% vs 2023highest in 4 years
2021 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€63k-€70k▲ 11.1%€77k▲ 9.3%€120k▲ 56.4%
2021: €63klowest in 4 years
2022: €70k▲ +11.1% vs 2021
2023: €77k▲ +9.3% vs 2022
2024: €120k▲ +56.4% vs 2023highest in 4 years
Operating result€33k-€12k▼ 64.9%€12k▼ 2.0%€63k▲ 446%
2021: €33k
2022: €12k▼ -64.9% vs 2021
2023: €12k▼ -2.0% vs 2022lowest in 4 years
2024: €63k▲ +446% vs 2023highest in 4 years
Net result€23k-€7k▼ 69.9%€7k▼ 7.4%€43k▲ 565%
2021: €23k
2022: €7k▼ -69.9% vs 2021
2023: €7k▼ -7.4% vs 2022lowest in 4 years
2024: €43k▲ +565% vs 2023highest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 446% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €247k
Fixed assets
€3k ▲ 140%
Current assets
€244k ▲ 52.2%
Equity and liabilities €247k
Equity
€120k ▲ 56.4%
Debt
€127k ▲ 49.7%
Debt's share of the balance-sheet total falls from 52.4% to 51.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€63k▲
2023 · €12k
Cash flow
€44k▲
2023 · €7k
Current ratio
1.93▲
2023 · 1.89
Debt to equity
1.05▼
2023 · 1.10
ROE
36.1%▲
2023 · 8.5%
ROA
17.6%▲
2023 · 4.0%
Interest coverage
45.86▲
2023 · 4.88
Debt ≤ 1 year
€127k▲
2023 · €85k
Income taxes
€18k▲
2023 · €3k
Staff costs
€648k▲
2023 · €461k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 38 lines
Balance sheet
Code20232024
Assets
Total assets20/58€162k€247k▲
Fixed assets21/28€1k€3k▲
Tangible fixed assets22/27€1k€3k▲
Furniture and vehicles24€1k€3k▲
Current assets29/58€160k€244k▲
Amounts receivable within one year40/41€99k€127k▲
Trade receivables40€90k€113k▲
Other amounts receivable41€9k€14k▲
Cash at bank and in hand54/58€61k€113k▲
Deferred charges and accrued income490/1€717€4k▲
Equity and liabilities
Total equity and liabilities10/49€162k€247k▲
Equity10/15€77k€120k▲
Contributions10/11€40k€40k=
Reserves13€37k€80k▲
Distributable reserves133€37k€80k▲
Amounts payable17/49€85k€127k▲
Amounts payable within one year42/48€85k€127k▲
Trade debts44€18k€29k▲
Suppliers440/4€18k€29k▲
Taxes, remuneration and social security45€67k€98k▲
Taxes450/3€8k€10k▲
Remuneration and social security454/9€59k€88k▲
Income statement
Code20232024
Remuneration, social security and pensions62€461k€648k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16€280▲
Other operating charges640/8€7k€7k▲
Gross operating margin9900€479k€718k▲
Operating profit (loss)9901€12k€63k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€9k€61k▲
Income taxes67/77€3k€18k▲
Profit (loss) for the period9904€7k€43k▲
Profit (loss) for the period to be appropriated9905€7k€43k▲
Appropriation of the result
Profit (loss) to be appropriated9906€7k€43k▲
Transfer to equity691/2€7k€43k▲
To other reserves6921€7k€43k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €205k | €358k | €461k | €648k | ▲ 40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €0 | €16 | €280 | ▲ 1,632% |
| Other operating charges640/8 | €597 | €3k | €7k | €7k | ▲ 12.1% |
| Gross operating margin9900 | €240k | €373k | €479k | €718k | ▲ 49.9% |
| Operating profit (loss)9901 | €33k | €12k | €12k | €63k | ▲ 446% |
| Financial income75/76B | €1 | €77 | €0 | - | - |
| Recurring financial income75 | €1 | €77 | €0 | - | - |
| Financial charges65/66B | €2k | €2k | €2k | €1k | ▼ 41.8% |
| Recurring financial charges65 | €2k | €2k | €2k | €1k | ▼ 41.8% |
| Profit (loss) for the period before taxes9903 | €31k | €10k | €9k | €61k | ▲ 572% |
| Income taxes67/77 | €8k | €2k | €3k | €18k | ▲ 588% |
| Profit (loss) for the period9904 | €23k | €7k | €7k | €43k | ▲ 565% |
| Profit (loss) for the period to be appropriated9905 | €23k | €7k | €7k | €43k | ▲ 565% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €127k | €130k | €162k | €247k | ▲ 52.9% |
| Fixed assets21/28 | €8k | €0 | €1k | €3k | ▲ 140% |
| Tangible fixed assets22/27 | - | - | €1k | €3k | ▲ 140% |
| Furniture and vehicles24 | - | - | €1k | €3k | ▲ 140% |
| Financial fixed assets28 | €8k | €0 | - | - | - |
| Current assets29/58 | €119k | €130k | €160k | €244k | ▲ 52.2% |
| Amounts receivable within one year40/41 | €53k | €92k | €99k | €127k | ▲ 28.4% |
| Trade receivables40 | €49k | €87k | €90k | €113k | ▲ 25.8% |
| Other amounts receivable41 | €4k | €5k | €9k | €14k | ▲ 54.9% |
| Cash at bank and in hand54/58 | €65k | €37k | €61k | €113k | ▲ 86.1% |
| Deferred charges and accrued income490/1 | €1k | €2k | €717 | €4k | ▲ 459% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €127k | €130k | €162k | €247k | ▲ 52.9% |
| Equity10/15 | €63k | €70k | €77k | €120k | ▲ 56.4% |
| Contributions10/11 | €40k | €40k | €40k | €40k | = |
| Reserves13 | €23k | €30k | €37k | €80k | ▲ 117% |
| Non-distributable reserves130/1 | €4k | €0 | - | - | - |
| Reserves not available under the articles1311 | €4k | €0 | - | - | - |
| Distributable reserves133 | €19k | €30k | €37k | €80k | ▲ 117% |
| Amounts payable17/49 | €64k | €60k | €85k | €127k | ▲ 49.7% |
| Amounts payable within one year42/48 | €64k | €60k | €85k | €127k | ▲ 49.7% |
| Trade debts44 | €41k | €14k | €18k | €29k | ▲ 63.4% |
| Suppliers440/4 | €41k | €14k | €18k | €29k | ▲ 63.4% |
| Taxes, remuneration and social security45 | €23k | €46k | €67k | €98k | ▲ 46.2% |
| Taxes450/3 | €8k | €7k | €8k | €10k | ▲ 35.1% |
| Remuneration and social security454/9 | €15k | €40k | €59k | €88k | ▲ 47.6% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23k | €7k | €7k | €43k | ▲ 565% |
| + Depreciation and write-downs630 | €1k | €0 | €16 | €280 | ▲ 1,632% |
| Operating cash flow (approximation) | €25k | €7k | €7k | €44k | ▲ 568% |
| Investment in fixed assets (approximation) | - | €8k | €-1k | €-2k | ▼ 59.6% |
| Change in cash | - | €-28k | €24k | €52k | ▲ 117% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €43k ▲565%
Operating result €63k, net result €43k, both a record.
31-12
Financial
Equity above €100kEq €120k ▲56.4%
4 profitable years in a row build equity to €120k.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €7k ▼7.4%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zulte · 2 establishment units since 2021
Ground area
2.7 ha
Building footprint
1.8 ha
Volume, LiDAR
67,563 m³
2 parcels, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
BELCOTRANS
since 20212.314.322.109
BELCOTRANS
since 20212.314.322.208
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44081C0366/00D000 | Flanders | 1.6 ha | 1 · 1.0 ha | 8.6 m · 2 fl. |
| 72010A0137/00H000 | Flanders | 1.1 ha | 1 · 7,823 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 1,561 EUR awarded · 2,748 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 717 EUR | 717 EUR |
| 2023 | 1 | 1,046 EUR | 1,046 EUR |
| 2022 | 1 | -202 EUR | 985 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,585 companies in sector 49410 we hold annual accounts for 8,198. 6,381 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-02-2021
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
52100Warehousing and storage
52210Service activities incidental to land transportation
52249Warehousing and support activities for transportation
52250Logistics services
Scores and ratios are computed by Checked and are not a credit decision.