BELMAR TRANS
ActiveThe computed 12-month bankruptcy probability of BELMAR TRANS is 3.3% (moderate). The 2024 annual accounts show equity of €63k and a net result of €8k. Equity is growing by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 59% of 6717 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
48
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability56▼-32
Solvency72▼-19
Growth52=
Track record94
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.33 against 2.27 in 2023; short-term debt: 53.1% and cash: 10.4% of total assets), and 53.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
Sector 49
higher
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
46.9%
Return on assets
5.8%
Age of the figures
21 mo
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 28-05-2025, 64 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
64 d early
2023
26 d early
2022
57 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€63k▲ 14.2%
2023 · €55k
2022: €43k
2023: €55k
2022 → 2024
Total assets
€134k▲ 61.7%
2023 · €83k
2022: €75k
2023: €83k
2022 → 2024
Net result
€8k▼ 37.7%
2023 · €13k
2022: €18k
2023: €13k
2022 → 2024
Working capital
€24k▼ 32.9%
2023 · €36k
2022: €28k
2023: €36k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€43k-€55k▲ 29.5%€63k▲ 14.2%
Operating result€22k-€19k▼ 13.4%€15k▼ 23.5%
Net result€18k-€13k▼ 28.7%€8k▼ 37.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 23% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €134k
Fixed assets
€39k▲ 99.8%
Current assets
€95k▲ 50.0%
Equity and liabilities €134k
Equity
€63k▲ 14.2%
Debt
€71k▲ 156%
The debt ratio rises from 33.6% to 53.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€24k▲
2023 · €20k
Cash flow
€17k▲
2023 · €14k
Solvency
46.9%▼
2023 · 66.4%
Current ratio
1.33▼
2023 · 2.27
Quick ratio
1.33▼
2023 · 2.27
Debt / equity
1.13▲
2023 · 0.51
ROE
12.4%▼
2023 · 22.8%
ROA
5.8%▼
2023 · 15.1%
Interest coverage
3.60▼
2023 · 103.74
Debt
€71k▲
2023 · €28k
Debt ≤ 1 year
€71k▲
2023 · €28k
Income taxes
€14k▲
2023 · €7k
Staff costs
€70k▲
2023 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€83k€134k▲
Fixed assets21/28€20k€39k▲
Tangible fixed assets22/27€5k€25k▲
Furniture and vehicles24€5k€25k▲
Financial fixed assets28€14k€14k=
Current assets29/58€63k€95k▲
Amounts receivable within one year40/41€63k€81k▲
Trade receivables40€63k€70k▲
Other amounts receivable41-€11k
Cash at bank and in hand54/58€429€14k▲
Equity and liabilities
Total equity and liabilities10/49€83k€134k▲
Equity10/15€55k€63k▲
Contributions10/11€25k€25k=
Profit (loss) carried forward14€30k€38k▲
Amounts payable17/49€28k€71k▲
Amounts payable within one year42/48€28k€71k▲
Current portion of amounts payable after more than one year42-€10k
Trade debts44€4k€426▼
Suppliers440/4€4k€426▼
Taxes, remuneration and social security45€23k€61k▲
Taxes450/3€15k€45k▲
Remuneration and social security454/9€8k€16k▲
Other amounts payable47/48€1k-
Income statement
Code20232024
Remuneration, social security and pensions62€10k€70k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€9k▲
Other operating charges640/8€18k€25k▲
Non-recurring operating charges66A-€5
Gross operating margin9900€47k€119k▲
Operating profit (loss)9901€19k€15k▼
Financial income75/76B€776€13k▲
Recurring financial income75€776€13k▲
Financial charges65/66B€196€7k▲
Recurring financial charges65€196€7k▲
Profit (loss) for the period before taxes9903€20k€21k▲
Income taxes67/77€7k€14k▲
Profit (loss) for the period9904€13k€8k▼
Profit (loss) for the period to be appropriated9905€13k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€30k€38k▲
Profit (loss) brought forward from the previous period14P€18k€30k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €8k ▼37.7%
Net result drops to €8k, the lowest in the series.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Grimbergen · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kleinewinkellaan 64B1853 GrimbergenGround area
1.5 ha
Building footprint
1,132 m²
Volume, LiDAR
35,426 m³
2 parcels, Flanders · tallest building 42.8 m, ±14 floors. Linked by address, not a title deed.
1 establishment unit
BELMAR TRANS
since 20212.321.031.935
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22002C0073/00N009 | Flanders | 1.1 ha | 1 · 865 m² | 42.8 m · 14 fl. |
| 23084A0271/00V003 | Flanders | 3,448 m² | 1 · 267 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
SCJ TRANS
BE 0772.728.724
Temse · Eq €63k
TRANSPORTS GREGOIRE
BE 0873.585.463
Eghezée · Eq €63k
Belimex
BE 0466.897.523
Sint-Truiden · Eq €63k
TA MACHINERY
BE 0805.640.428
Sint-Truiden · Eq €63k
LSVR-TRANSPORT
BE 0800.372.239
Menen · Eq €63k
Of 12,606 companies in sector 49410 we hold annual accounts for 8,199. 6,144 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-08-2021
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
49310Scheduled passenger transport by road
49320Non-scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
49390Land transport and transport via pipelines
52210Service activities incidental to land transportation
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:belmartrans@hotmail.com
Phone:+32467769027