CHITRANS
ActiveSummary
The computed 12-month bankruptcy probability of CHITRANS is 4.8% (elevated). The 2024 annual accounts show negative equity (-€7,380) and a net result of -€38,518. Equity is shrinking by ~28.9% per year across the filed fiscal years. Its solvency ranks better than 14% of 6719 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability42▼-40
Solvency19▼-24
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
4.8%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.93 against 0.9 in 2023; short-term debt: 68% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
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
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
-5.6%
Return on assets
-29.2%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year -€7,380
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-04-2026, 258 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
258 d late
2023
131 d late
2022
333 d late
2021
153 d late
2020
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 175 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€254,656
EBIT margin
-10.4%
Net result
-€38,518
2023 · €19,256
Working capital
-€6,474▲ 24.4%
2023 · -€8,563
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€254,656
Operating result€9,643-€8,848▼ 8.2%-€12,021€26,255-€26,550
Net result€6,512-€5,213▼ 20.0%-€19,443€19,256-€38,518
EBIT margin-10.4%
Equity€23,712-€31,325▲ 32.1%€11,882▼ 62.1%€31,138▲ 162%-€7,380
Total assets€91,571-€225,111▲ 146%€197,638▼ 12.2%€176,084▼ 10.9%€131,976▼ 25.0%
Debt€67,059-€192,386▲ 187%€184,356▼ 4.2%€143,546▼ 22.1%€137,956▼ 3.9%
Working capital-€5,389--€23,322▼ 333%-€34,643▼ 48.5%-€8,563▲ 75.3%-€6,474▲ 24.4%
Staff (FTE)21▼ 50.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2021 Total assets +146% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €26,550 after €26,255 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €131,976
Fixed assets
€48,684 ▼ 49.0%
Current assets
€83,293 ▲ 3.3%
Key figures and ratios
EBITDA
€20,236▼
2023 · €74,411
Cash flow
€8,269▼
2023 · €67,412
Solvency
-5.6%▼
2023 · 17.7%
Current ratio
0.93▲
2023 · 0.90
Debt to equity
-18.69▼
2023 · 4.61
ROA
-29.2%▼
2023 · 10.9%
Interest coverage
4.53▼
2023 · 10.71
Debt ≤ 1 year
€89,767▲
2023 · €89,177
Debt > 1 year
€46,614▼
2023 · €54,368
Income taxes
€7,500▲
2023 · €50
Staff costs
€48,084▲
2023 · €27,996
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,035 companies that looked in July 2024 the way this one looks now, 7.2% went bankrupt within 24 months and 82% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.2%
went bankrupt
8.2%
stopped otherwise
82%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 4.8% over twelve months; the group does not contradict it.
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 6,035 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €254,656 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €230,964 | - |
| Remuneration, social security and pensions62 | - | €23,601 | €70,746 | €27,996 | €48,084 | ▲ 71.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,810 | €31,188 | €48,156 | €48,156 | €46,786 | ▼ 2.8% |
| Other operating charges640/8 | - | €1,406 | €1,700 | €1,302 | €3,962 | ▲ 204% |
| Gross operating margin9900 | €28,179 | €65,044 | €108,581 | €103,709 | €72,282 | ▼ 30.3% |
| Operating profit (loss)9901 | €9,643 | €8,848 | -€12,021 | €26,255 | -€26,550 | ▼ 201% |
| Financial income75/76B | - | €1,600 | - | - | - | - |
| Recurring financial income75 | €800 | €1,600 | - | - | - | - |
| Financial charges65/66B | - | €5,636 | €7,422 | €6,948 | €4,468 | ▼ 35.7% |
| Recurring financial charges65 | €4,131 | €5,636 | €7,422 | €6,948 | €4,468 | ▼ 35.7% |
| Profit (loss) for the period before taxes9903 | €6,312 | €4,813 | -€19,443 | €19,306 | -€31,018 | ▼ 261% |
| Transfer from deferred taxes780 | - | €400 | - | - | - | - |
| Income taxes67/77 | - | - | - | €50 | €7,500 | ▲ 14,900% |
| Profit (loss) for the period9904 | €6,512 | €5,213 | -€19,443 | €19,256 | -€38,518 | ▼ 300% |
| Profit (loss) for the period to be appropriated9905 | €6,512 | €5,213 | -€19,443 | €19,256 | -€38,518 | ▼ 300% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €91,571 | €225,111 | €197,638 | €176,084 | €131,976 | ▼ 25.0% |
| Fixed assets21/28 | €73,390 | €191,782 | €143,626 | €95,470 | €48,684 | ▼ 49.0% |
| Tangible fixed assets22/27 | €64,390 | €191,782 | €143,626 | €95,470 | €48,684 | ▼ 49.0% |
| Furniture and vehicles24 | - | €61,032 | €47,716 | €34,400 | €21,084 | ▼ 38.7% |
| Leasing and similar rights25 | - | €130,750 | €95,910 | €61,070 | €27,600 | ▼ 54.8% |
| Financial fixed assets28 | €9,000 | - | - | - | - | - |
| Current assets29/58 | €18,181 | €33,329 | €54,012 | €80,614 | €83,293 | ▲ 3.3% |
| Amounts receivable within one year40/41 | €8,258 | €24,128 | €53,773 | €80,255 | €83,293 | ▲ 3.8% |
| Trade receivables40 | - | €16,255 | €24,894 | €21,513 | €69,903 | ▲ 225% |
| Other amounts receivable41 | - | €7,873 | €28,879 | €58,741 | €13,390 | ▼ 77.2% |
| Cash at bank and in hand54/58 | €9,684 | €8,962 | - | - | - | - |
| Deferred charges and accrued income490/1 | - | €239 | €239 | €359 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €91,571 | €225,111 | €197,638 | €176,084 | €131,976 | ▼ 25.0% |
| Equity10/15 | €23,712 | €31,325 | €11,882 | €31,138 | -€7,380 | ▼ 124% |
| Contributions10/11 | €14,000 | €14,000 | €14,000 | €14,000 | €14,000 | = |
| Capital10 | - | - | - | - | €14,000 | - |
| Issued capital100 | - | - | - | - | €14,000 | - |
| Profit (loss) carried forward14 | €6,512 | €11,725 | -€7,718 | €11,538 | -€26,980 | ▼ 334% |
| Investment grants15 | - | €5,600 | €5,600 | €5,600 | €5,600 | = |
| Provisions and deferred taxes16 | €800 | €1,400 | €1,400 | €1,400 | €1,400 | = |
| Deferred taxes168 | - | €1,400 | €1,400 | €1,400 | €1,400 | = |
| Amounts payable17/49 | €67,059 | €192,386 | €184,356 | €143,546 | €137,956 | ▼ 3.9% |
| Amounts payable after more than one year17 | €43,489 | €135,735 | €95,701 | €54,368 | €46,614 | ▼ 14.3% |
| Financial debts170/4 | - | €135,735 | €95,701 | €54,368 | €46,614 | ▼ 14.3% |
| Amounts payable within one year42/48 | €23,570 | €56,651 | €88,655 | €89,177 | €89,767 | ▲ 0.7% |
| Current portion of amounts payable after more than one year42 | - | €37,469 | €59,242 | €39,980 | €4,752 | ▼ 88.1% |
| Financial debts43 | - | - | - | €18,849 | €26,234 | ▲ 39.2% |
| Credit institutions430/8 | - | - | - | €18,849 | - | - |
| Other loans439 | - | - | - | - | €26,234 | - |
| Trade debts44 | €4,911 | €4,250 | €19,674 | €12,720 | €22,068 | ▲ 73.5% |
| Suppliers440/4 | - | €4,250 | €19,674 | €12,720 | €22,068 | ▲ 73.5% |
| Taxes, remuneration and social security45 | - | €14,706 | €7,333 | €15,221 | €36,714 | ▲ 141% |
| Taxes450/3 | - | €12,493 | €4,465 | €15,221 | €35,125 | ▲ 131% |
| Remuneration and social security454/9 | - | €2,213 | €2,868 | - | €1,589 | - |
| Other amounts payable47/48 | - | €226 | €2,406 | €2,406 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,575 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,512 | €5,213 | -€19,443 | €19,256 | -€38,518 | ▼ 300% |
| + Depreciation and write-downs630 | €17,810 | €31,188 | €48,156 | €48,156 | €46,786 | ▼ 2.8% |
| Operating cash flow (approximation) | €24,322 | €36,401 | €28,713 | €67,412 | €8,269 | ▼ 87.7% |
| Investment in fixed assets (approximation) | - | -€149,580 | -€0 | €0 | €0 | ▼ 100% |
| Change in cash | - | -€722 | - | - | - | - |
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
2026
15-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 258 days late
2024
31-12
Financial
Weakest financial yearnet -€38,518
Net result drops to -€38,518, the lowest in the series.
09-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 131 days late
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 333 days late
2023
31-12
Financial
Back to profitnet €19,256
Net result €19,256 after one loss-making year.
2022
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 153 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · 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, Antwerpen · 1 establishment unit since 2019
Ground area
303 m²
Building footprint
75 m²
Volume, LiDAR
552 m³
Parcel 11463D0346/00M002, Flanders · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CHITRANS
since 20192.295.266.854
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11463D0346/00M002 | Flanders | 303 m² | 1 · 75 m² | 11.6 m · 3 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.
Similar companies · same sector, comparable size
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Q-Trans
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MICRO SERVICES BELGIUM
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FRACHT INTERNATIONAL
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Of 12,584 companies in sector 49410 we hold annual accounts for 8,199. 5,544 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
Founded31-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0736974821
Also
9925:BE0736974821
Registered
24-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.