Borztrans

Active

Private limited companyfounded 20206 yrs activeSteenweg(H.) 296, 3870 Heers, BelgiumKBO/BCE: BE 0746.888.518

The computed 12-month bankruptcy probability of Borztrans is 4.3% (elevated). The 2025 annual accounts show negative equity (€-152k) and a net result of €-20k. Equity is shrinking by ~52.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 4472 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

15 / 100

Critical▲ +8 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability66▼-34

Solvency33=

Growth32=

Stability100

Bankruptcy probability, 12 months

4.3% Elevated

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.48 against 0.44 in 2024), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

+raises risk○neutral

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 →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 2025

Solvency, return and age of the figures

Solvency

-75.6%

Return on assets

-10%

Age of the figures

8 mo

Negative equity

Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).

NBB · annual accounts 2025

Equity per financial year

2122232425

2021 to 2025 · latest year -€152k

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

7 d early

2024

62 d early

2023

30 d early

2022

128 d late

2021

39 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

15-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€-152k▼ 15.2%

2024 · €-132k

2021: €17k 2022: €-66k 2023: €-76k 2024: €-132k

2021 → 2025

Total assets

€201k▲ 8.0%

2024 · €186k

2021: €163k 2022: €137k 2023: €217k 2024: €186k

2021 → 2025

Net result

€-20k▲ 64.2%

2024 · €-56k

2021: €16k 2022: €-82k 2023: €-10k 2024: €-56k

2021 → 2025

Working capital

€-184k▼ 2.6%

2024 · €-179k

2021: €-89k 2022: €-147k 2023: €-122k 2024: €-179k

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€17k-€-66k€-76k▼ 15.8%€-132k▼ 73.6%€-152k▼ 15.2%

Operating result€26k-€-81k€-9k▲ 89.4%€-52k▼ 503%€-22k▲ 57.1%

Net result€16k-€-82k€-10k▲ 87.4%€-56k▼ 438%€-20k▲ 64.2%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €22k in 2025 against €52k in 2024; the loss shrinks.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €201k

15.6%

84.4%

Fixed assets €31k▼ 32.8%

Current assets €170k▲ 21.6%

Key figures and ratios

2025 value · change against 2024

EBITDA

€-19k▲

2024 · €-45k

Cash flow

€-17k▲

2024 · €-49k

Solvency

-75.6%▼

2024 · -70.9%

Current ratio

0.48▲

2024 · 0.44

Quick ratio

0.39▼

2024 · 0.40

Debt / equity

-2.32▲

2024 · -2.41

ROE

13.2%▼

2024 · 42.4%

ROA

-10.0%▲

2024 · -30.1%

Interest coverage

-24.79▼

2024 · -9.52

Debt

€353k▲

2024 · €318k

Debt ≤ 1 year

€353k▲

2024 · €318k

Income taxes

€12▼

2024 · €80

Staff costs

€15k▲

2024 · €12k

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 · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€186k€201k▲

Fixed assets21/28€47k€31k▼

Tangible fixed assets22/27€47k€31k▼

Land and buildings22€32k€31k▼

Plant, machinery and equipment23€3k€746▼

Furniture and vehicles24€12k-

Current assets29/58€140k€170k▲

Stocks and contracts in progress3€12k€33k▲

Stocks30/36€12k€33k▲

Amounts receivable within one year40/41€120k€135k▲

Trade receivables40€75k€56k▼

Other amounts receivable41€45k€79k▲

Cash at bank and in hand54/58€7k€779▼

Deferred charges and accrued income490/1€2k€1k▼

Equity and liabilities

Total equity and liabilities10/49€186k€201k▲

Equity10/15€-132k€-152k▼

Contributions10/11€1k€1k=

Reserves13€16k€16k=

Distributable reserves133€16k€16k=

Profit (loss) carried forward14€-149k€-169k▼

Amounts payable17/49€318k€353k▲

Amounts payable within one year42/48€318k€353k▲

Current portion of amounts payable after more than one year42€6k-

Trade debts44€109k€104k▼

Suppliers440/4€109k€104k▼

Taxes, remuneration and social security45€2k€771▼

Taxes450/3€2k€771▼

Remuneration and social security454/9€288-

Other amounts payable47/48€202k€248k▲

Income statement Code20242025

Non-recurring operating income76A-€7k

Remuneration, social security and pensions62€12k€15k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€3k▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€600-

Other operating charges640/8€60k€16k▼

Gross operating margin9900€28k€12k▼

Operating profit (loss)9901€-52k€-22k▲

Financial income75/76B€463€3k▲

Recurring financial income75€463€3k▲

Financial charges65/66B€5k€767▼

Recurring financial charges65€5k€767▼

Profit (loss) for the period before taxes9903€-56k€-20k▲

Income taxes67/77€80€12▼

Profit (loss) for the period9904€-56k€-20k▲

Profit (loss) for the period to be appropriated9905€-56k€-20k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-149k€-169k▼

Profit (loss) brought forward from the previous period14P€-93k€-149k▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 1Filings 5

Next filing, fiscal year 2026, expected by 31-07-2027

2026

24-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

30-05

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

01-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

06-12

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 128 days late

2022

31-12

Financial Weakest financial yearnet €-82k ▼621%

Net result drops to €-82k, the lowest in the series; recovery starts the following year.

22-06

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.

Directors · office · real estate

Directors

2 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, Heers · 1 establishment unit since 2020

establishment The establishment unit on the map

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.

Steenweg(H.) 2963870 Heers

Ground area

3,721 m²

Building footprint

446 m²

Volume, LiDAR

2,286 m³

2 parcels, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Borztrans

Wilselsesteenweg 145, 3020 HerentRepair, maintenance and installation of machinery and equipment

since 20202.302.541.953

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
73022C0388/00E002	Flanders	3,169 m²	1 · 298 m²	7.7 m · 2 fl.
24423K0206/00L000	Flanders	552 m²	1 · 148 m²	8.3 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

Sint-Agatha-Berchem · Eq €17k

Of 12,446 companies in sector 49410 we hold annual accounts for 8,085. 4,616 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded13-05-2020

Fiscal year end31-12

Activities, NACEBEL

49410Freight transport by road

41001General construction of residential buildings

47811Retail sale of cars and light vans (up to 3.5 tonnes)

95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.