BELGOTRAN
ActiveSummary
BELGOTRAN has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of €81,092. Equity is growing by ~12.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 1880 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-3
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity ample (current ratio 21.36 against 11.23 in 2024; short-term debt: 4.3% and cash: 46% of total assets), and 4.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
95.6%
Return on assets
5.9%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 25-09-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 d early
2024
38 d early
2023
39 d early
2022
40 d early
2021
27 d early
2020
33 d early
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 31 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#3 company by equity in Buggenhout, Transport and storage sector#5 company by total assets in Buggenhout, Transport and storage sector
Equity
€1.3m▲ 6.6%
2024 · €1.2m
Total assets
€1.4m▲ 2.5%
2024 · €1.3m
Net result
€81,092▼ 26.2%
2024 · €109,920
Working capital
€1.2m▲ 10.4%
2024 · €1.1m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€244,042▲ 96.0%€262,184▲ 7.4%€103,386▼ 60.6%€154,980▲ 49.9%€98,284▼ 36.6%
Net result€187,462above the sector's middle half▲ 117%€180,718above the sector's middle half▼ 3.6%€72,847within the sector's middle half▼ 59.7%€109,920within the sector's middle half▲ 50.9%€81,092within the sector's middle half▼ 26.2%
Equity€866,378within the sector's middle half▲ 27.6%€1.0mabove the sector's middle half▲ 20.9%€1.1mabove the sector's middle half▲ 7.0%€1.2mabove the sector's middle half▲ 9.8%€1.3mabove the sector's middle half▲ 6.6%
Total assets€1.2mwithin the sector's middle half▲ 9.5%€1.3mwithin the sector's middle half▲ 13.2%€1.2mwithin the sector's middle half▼ 6.7%€1.3mwithin the sector's middle half▲ 7.5%€1.4mwithin the sector's middle half▲ 2.5%
Debt€311,439▼ 21.6%€286,800▼ 7.9%€124,317▼ 56.7%€108,061▼ 13.1%€60,217▼ 44.3%
Working capital€641,305▲ 42.6%€802,999▲ 25.2%€954,044▲ 18.8%€1.1m▲ 15.2%€1.2m▲ 10.4%
Solvency73.5%above the sector's middle half▲ 10.4pp78.5%above the sector's middle half▲ 5.0pp90.0%above the sector's middle half▲ 11.5pp91.9%above the sector's middle half▲ 1.9pp95.6%above the sector's middle half▲ 3.7pp
Staff (FTE)7.4within the sector's middle half▼ 6.3%7.9within the sector's middle half▲ 6.8%8.6within the sector's middle half▲ 8.9%6.4within the sector's middle half▼ 25.6%4.6within the sector's middle half▼ 28.1%
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 37% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€98,741 ▼ 25.0%
Current assets
€1.3m ▲ 5.5%
Equity and liabilities €1.4m
Equity
€1.3m ▲ 6.6%
Provisions
€129 ▼ 52.0%
Debt
€60,217 ▼ 44.3%
Debt's share of the balance-sheet total falls from 8.1% to 4.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€131,133▼
2024 · €191,438
Cash flow
€113,941▼
2024 · €146,377
Current ratio
21.36▲
2024 · 11.23
Debt to equity
0.05▼
2024 · 0.09
ROE
6.2%▼
2024 · 8.9%
ROA
5.9%▼
2024 · 8.2%
Interest coverage
23.73▼
2024 · 42.50
Debt ≤ 1 year
€59,590▼
2024 · €107,449
Income taxes
€29,979▼
2024 · €49,357
Staff costs
€306,764▼
2024 · €410,976
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,324 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €8,000 | - | - | - |
| Remuneration, social security and pensions62 | - | €482,178 | €435,758 | €410,976 | €306,764 | ▼ 25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €121,030 | €100,284 | €95,756 | €36,457 | €32,849 | ▼ 9.9% |
| Other operating charges640/8 | - | €8,314 | €8,016 | €6,704 | €3,096 | ▼ 53.8% |
| Gross operating margin9900 | €800,843 | €852,960 | €642,916 | €609,117 | €440,993 | ▼ 27.6% |
| Operating profit (loss)9901 | €244,042 | €262,184 | €103,386 | €154,980 | €98,284 | ▼ 36.6% |
| Financial income75/76B | - | €487 | €1,353 | €8,641 | €18,173 | ▲ 110% |
| Recurring financial income75 | €37 | €487 | €1,353 | €8,641 | €18,173 | ▲ 110% |
| Financial charges65/66B | - | €3,634 | €3,745 | €4,505 | €5,526 | ▲ 22.7% |
| Recurring financial charges65 | €2,749 | €3,634 | €3,745 | €4,505 | €5,526 | ▲ 22.7% |
| Profit (loss) for the period before taxes9903 | €241,330 | €259,038 | €100,994 | €159,117 | €110,930 | ▼ 30.3% |
| Transfer from deferred taxes780 | - | €160 | €160 | €160 | €140 | ▼ 12.5% |
| Income taxes67/77 | €53,119 | €78,480 | €28,308 | €49,357 | €29,979 | ▼ 39.3% |
| Profit (loss) for the period9904 | €187,462 | €180,718 | €72,847 | €109,920 | €81,092 | ▼ 26.2% |
| Transfer from tax-exempt reserves789 | - | €640 | €640 | €640 | €640 | = |
| Profit (loss) for the period to be appropriated9905 | €184,465 | €181,358 | €73,487 | €110,560 | €81,732 | ▼ 26.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.3m | €1.2m | €1.3m | €1.4m | ▲ 2.5% |
| Fixed assets21/28 | €298,898 | €244,686 | €166,328 | €131,590 | €98,741 | ▼ 25.0% |
| Tangible fixed assets22/27 | €298,608 | €244,395 | €166,328 | €131,590 | €98,741 | ▼ 25.0% |
| Plant, machinery and equipment23 | - | €12,736 | €8,734 | €6,448 | €3,115 | ▼ 51.7% |
| Furniture and vehicles24 | - | €103,806 | €35,156 | €19,785 | €6,236 | ▼ 68.5% |
| Other tangible fixed assets26 | - | €127,854 | €122,438 | €105,357 | €89,390 | ▼ 15.2% |
| Financial fixed assets28 | €290 | €290 | - | - | - | - |
| Current assets29/58 | €879,668 | €1.1m | €1.1m | €1.2m | €1.3m | ▲ 5.5% |
| Amounts receivable within one year40/41 | €305,197 | €200,008 | €218,544 | €154,805 | €168,012 | ▲ 8.5% |
| Trade receivables40 | - | €125,075 | €144,885 | €130,528 | €75,603 | ▼ 42.1% |
| Other amounts receivable41 | - | €74,933 | €73,659 | €24,277 | €92,409 | ▲ 281% |
| Current investments50/53 | - | - | €355,951 | €446,481 | €466,821 | ▲ 4.6% |
| Cash at bank and in hand54/58 | €561,477 | €875,820 | €497,223 | €594,437 | €630,986 | ▲ 6.1% |
| Deferred charges and accrued income490/1 | - | €13,971 | €6,643 | €10,879 | €6,740 | ▼ 38.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.3m | €1.2m | €1.3m | €1.4m | ▲ 2.5% |
| Equity10/15 | €866,378 | €1.0m | €1.1m | €1.2m | €1.3m | ▲ 6.6% |
| Contributions10/11 | - | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Reserves13 | €847,378 | €1.0m | €1.1m | €1.2m | €1.3m | ▲ 6.7% |
| Tax-exempt reserves132 | - | €2,357 | €1,717 | €1,077 | €437 | ▼ 59.4% |
| Distributable reserves133 | - | €1.0m | €1.1m | €1.2m | €1.3m | ▲ 6.8% |
| Provisions and deferred taxes16 | €749 | €589 | €429 | €269 | €129 | ▼ 52.0% |
| Deferred taxes168 | - | €589 | €429 | €269 | €129 | ▼ 52.0% |
| Amounts payable17/49 | €311,439 | €286,800 | €124,317 | €108,061 | €60,217 | ▼ 44.3% |
| Amounts payable after more than one year17 | €73,076 | - | - | - | - | - |
| Amounts payable within one year42/48 | €238,363 | €286,800 | €124,317 | €107,449 | €59,590 | ▼ 44.5% |
| Current portion of amounts payable after more than one year42 | - | €73,076 | - | - | - | - |
| Trade debts44 | €66,040 | €110,030 | €31,548 | €29,979 | €3,298 | ▼ 89.0% |
| Suppliers440/4 | - | €110,030 | €31,548 | €29,979 | €3,298 | ▼ 89.0% |
| Taxes, remuneration and social security45 | - | €95,538 | €77,347 | €64,657 | €44,381 | ▼ 31.4% |
| Taxes450/3 | - | €27,557 | €46,542 | €35,066 | €24,030 | ▼ 31.5% |
| Remuneration and social security454/9 | - | €67,981 | €30,805 | €29,591 | €20,351 | ▼ 31.2% |
| Other amounts payable47/48 | - | €8,155 | €15,422 | €12,813 | €11,912 | ▼ 7.0% |
| Accrued charges and deferred income492/3 | - | - | - | €612 | €627 | ▲ 2.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €187,462 | €180,718 | €72,847 | €109,920 | €81,092 | ▼ 26.2% |
| + Depreciation and write-downs630 | €121,030 | €100,284 | €95,756 | €36,457 | €32,849 | ▼ 9.9% |
| Operating cash flow (approximation) | €308,492 | €281,002 | €168,603 | €146,377 | €113,941 | ▼ 22.2% |
| Investment in fixed assets (approximation) | - | -€46,071 | -€17,397 | -€1,720 | €0 | ▲ 100% |
| Change in cash | - | €314,343 | -€378,597 | €97,214 | €36,549 | ▼ 62.4% |
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
Next filing, fiscal year 2026, expected by
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
22-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Weakest financial yearnet €72,847 ▼59.7%
Net result drops to €72,847, the lowest in the series; recovery starts the following year.
31-03
Financial
Liquidity doublescurrent ratio 8.67
Current ratio from 3.80 to 8.67; short-term debt falls from €286,800 to €124,317.
2022
21-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Equity above €1mEq €1.0m ▲20.9%
4 profitable years in a row build equity to €1.0m.
2021
04-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Highest result since 2019net €187,462 ▲117%
Net result €187,462, the highest in the series.
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
07-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 7 days late
2016
13-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 43 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 acts for this company are 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, Buggenhout · 1 establishment unit since 2005
Ground area
607 m²
Building footprint
452 m²
Volume, LiDAR
1,841 m³
Parcel 42004A0631/00F003, Flanders · tallest building 9.2 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BELGOTRAN BVBA
since 20052.149.560.184
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42004A0631/00F003 | Flanders | 606 m² | 1 · 452 m² | 9.2 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-03-2025 list no shareholders, and no other source names one.
Holdings 1
-
14.9%
According to the annual accounts to 31-03-2025 of BELGOTRAN and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 2 entries · 1,073 EUR awarded · 1,073 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 467 EUR | 467 EUR |
| 2022 | 1 | 606 EUR | 606 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
875500ZAGMK7XZH57E03
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Of 12,584 companies in sector 49410 we hold annual accounts for 8,203. 3,707 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
Founded07-09-2005
Fiscal year end31-03
Activities, NACEBEL 2025
49410Freight transport by road
Contact
Phone
015/55.55.81Buggenhout
Phone
0474/271213Buggenhout
E-invoicing
Reachable via Peppol
Peppol ID
0208:0875907723
Also
9925:BE0875907723
Registered
10-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.