Equity
€196,406 ▼ 51.5%
T.V.B. paid out €311,379 in dividends. That is 304% of the 2025 profit.
T.V.B.
Lifetime
20 annual accounts with figures on one time axispeak €7.9m (2022)
-not published
peak €102,488 (2025)
€102,488▲ 26.7%
peak €405,297 (2024)
€196,406▼ 51.5%
€3.5m▼ 34.1%
peak 169.6 FTE (2025)
169.6 FTE▲ 9.6%
Board12 names since 2020
3 directorsJowan and 2 others
Owners
Documentsfilings and deeds
16-07-202615 days before the deadline
2025financial year
Result from €80,882 to €102,488Staff from 154.7 FTE to 169.6 FTEDividend €311,379Equity from €405,297 to €196,406Debts from €5.3m to €3.5m1 establishment registered
Key points
from the 2025 annual accountsDebts
€3.5m 95% of the balance sheet
Suppliers 29%Taxes and wages 36%Other 35%
Of this, €3.5m falls due within a year.
Staff
165 employees on 31-12-2025
In 2025, 37 people joined and 53 left. On top of that, 1.9 agency workers worked there on average.
Payment terms
38 days to suppliers
T.V.B. pays its suppliers 32 days earlier than in 2024. Customers pay 42 days earlier.
At the same address
34 companies
Position in the sector
5.3%
Lower solvency than 89% of companies in land transport. Sector median 40.1% · 1,085 companies.
Checked score
52
Fair
Financially stronger than 13% of medium-sized companies in land transport (NACE 49)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 275 companies (NACE 49, medium-sized).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.8%
01-2025: 1.8%● unchanged vs 12-2024
02-2025: 1.8%● unchanged vs 01-2025
03-2025: 1.8%● unchanged vs 02-2025lowest value
04-2025: 1.8%● unchanged vs 03-2025lowest value
05-2025: 1.8%● unchanged vs 04-2025
06-2025: 1.9%▲ +0.1 percentage points vs 05-2025
07-2025: 2.2%▲ +0.3 percentage points vs 06-2025
08-2025: 2.2%● unchanged vs 07-2025highest value
09-2025: 2.2%● unchanged vs 08-2025highest value
10-2025: 2.2%● unchanged vs 09-2025highest value
11-2025: 2.2%● unchanged vs 10-2025highest value
12-2025: 2.2%● unchanged vs 11-2025highest value
01-2026: 2.2%● unchanged vs 12-2025highest value
02-2026: 2.2%● unchanged vs 01-2026
03-2026: 2.2%● unchanged vs 02-2026
04-2026: 2.1%▼ -0.1 percentage points vs 03-2026
05-2026: 2.2%▲ +0.1 percentage points vs 04-2026
06-2026: 2.2%● unchanged vs 05-2026
07-2026: 2.2%● unchanged vs 06-2026
08-2026: 1.9%▼ -0.3 percentage points vs 07-2026
09-2026: 1.9%● unchanged vs 08-2026
10-2026: 1.9%● unchanged vs 09-2026
11-2026: 1.9%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 1.04, cash €31,643
Equity €196,406 (5.3% of total assets)
Sector: Land transport and transport via pipelines (NACE 49)
1 of the last 3 accounts late
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, medium-sized). It does better than 13% of them on solvency, 5% on liquidity, 17% on profitability and 19% on growth.
The bankruptcy probability was computed on 08-11-2026 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, 208 companies had the same profile as T.V.B. has now. Each dot is one company, two years later.
99.0%
were still trading
0.0%
stopped another way
0.5%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of T.V.B. itself is higher: 1.9% within 12 months. It rests on far more data about T.V.B. 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 208 companies, not a prediction for T.V.B.. 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 €10,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.04 (1.06 in 2024), below the usual 1.5. Short-term debt is 94.4% and cash 0.9% of total assets. 94.7% 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
Six signals.
raises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 1085 sector peers (2025).
NBB · sector comparisonPosition among 1085 sector peers
Solvency
better than 11%
← weakest
strongest →
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 days early
2024
28 days early
2023
41 days late
2022
32 days early
2021
38 days early
2020
39 days early
2019
30 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 20 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 3 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Reappointment: HLB Dodémont -Van Impe & C° (statutory auditor)
Permanent representative: Patrick Van Impe · Gazette deed
New establishment in Welkenraedt
T.V.B Welkenraedt, Rue Mitoyenne 81
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0880129203
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| T.V.B. Hasselt | €19.7m | 1.5% | 5.3% | 169.6 |
| SDIL Tubize | €14.2m | 3.2% | 59.7% | 171.3 |
| YMA Trans Tessenderlo-Ham | €17.7m | 1.6% | 1.1% | 111.3 |
| VAN ROOIJEN LOGISTIEK Turnhout | €35.8m | 3.9% | 37.2% | 191 |
| Hertsens Beveren-Kruibeke-Zwijndrecht | €25.5m | 2.1% | 47.1% | 158 |
| CLF trans Heuvelland | €16.7m | 11.3% | 57.8% | 96.3 |
| ESKATRANS Turnhout | €21.7m | 0.5% | 11.4% | 101 |
Grey: the largest companies of the sector (land transport (NACE 49)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as T.V.B.: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €5.6m and €7.1m, founded between 2001 and 2014.
Official details
Source: KBO- Status
- Active since 16-03-2006Normal situation
- Registered office
- 35 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Freight transport by roadNACE 49410and 1 other
- Joint committee
- 127Fuel trade · annual accounts 2025
- Establishment units
- 2.152.987.6503500 Hasselt, since 03-04-2006
- 2.254.119.7513500 Hasselt, since 01-07-2016and 23 others
- Financial year end
- 31 December
- Peppol
- Reachable since 17-12-2025
Annual accounts 2025
- €3.7m▼ 35.3%
- Employeeson 31-12-2025
- 165▼ 8.8%
- Filing
- Filed on 16-07-2026, 15 days before the end of the filing period
Insights on T.V.B.
T.V.B. has existed since 2006. The present size dates from 2020. The gross margin rose that year from €2.6m to €6.9m and staff from 41.2 to 128.1 full-time equivalents. In 2020 14 sites were added.
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 T.V.B.
- What is the company number of T.V.B.?
- The company number of T.V.B. is 0880.129.203. The VAT number is the same number with BE in front: BE 0880.129.203.
- Where is T.V.B. based?
- The registered office is at Gouverneur Roppesingel 83, 3500 Hasselt.Company details
- What does T.V.B. do?
- According to the KBO register, the main activity is freight transport by road (NACE 49410).
- What is the legal form of T.V.B.?
- T.V.B. is a private limited company (BV).
- When was T.V.B. founded?
- T.V.B. was founded on 16-03-2006.
- Is T.V.B. still active?
- Yes, T.V.B. is an active enterprise in the KBO register.
- How many employees does T.V.B. have?
- T.V.B. had an average of 169.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does T.V.B. fall under?
- In its 2025 annual accounts, T.V.B. states joint committee 127 (Fuel trade).
- What is the turnover of T.V.B.?
- The turnover of T.V.B. was €19.7m in financial year 2025, according to the filed annual accounts.
- Is T.V.B. profitable?
- In financial year 2025, T.V.B. made a profit of €102,488.
- Where can I find the annual accounts of T.V.B.?
- T.V.B. filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of T.V.B. due?
- T.V.B. must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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