Demirel Trans

Active

Private limited companyfounded 20206 yrs activeVeldekensstraat 14, 9240 Zele, BelgiumKBO/BCE: BE 0745.822.211

The computed 12-month bankruptcy probability of Demirel Trans is 3.2% (moderate). The 2024 annual accounts show equity of €21k and a net result of €14. Equity is growing by ~30.9% per year across the filed fiscal years. Its solvency ranks better than 27% of 6718 sector peers (fiscal year 2024). 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 2024

49 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability69▼-6

Solvency40▼-5

Growth78=

Track record100

Bankruptcy probability, 12 months

3.2% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days acceptable

Liquidity tight (current ratio 1.03 against 1.11 in 2023; short-term debt: 62.7% and cash: 22.2% of total assets), and 85.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five 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 2024

Solvency, return and age of the figures

Solvency

14.8%

Return on assets

Age of the figures

21 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-09-2025, 47 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

47 d late

2023

40 d early

2022

32 d early

2021

191 d late

← before the deadline after the 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 2024, micro schema

Equity

€21k▲ 0.1%

2023 · €21k

2021: €1k 2022: €16k 2023: €21k

2021 → 2024

Total assets

€143k▲ 37.7%

2023 · €104k

2021: €164k 2022: €138k 2023: €104k

2021 → 2024

Net result

€14▼ 99.7%

2023 · €5k

2021: €-12k 2022: €15k 2023: €5k

2021 → 2024

Working capital

€3k▼ 50.9%

2023 · €6k

2021: €-31k 2022: €-7k 2023: €6k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€1k-€16k▲ 1,185%€21k▲ 30.4%€21k▲ 0.1%

Operating result€-5k-€20k€17k▼ 16.0%€12k▼ 28.7%

Net result€-12k-€15k€5k▼ 67.1%€14▼ 99.7%

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 29% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €143k

35.3%

64.7%

Fixed assets €51k▲ 10.8%

Current assets €93k▲ 58.7%

Equity and liabilities €143k

14.8%

85.2%

Equity €21k▲ 0.1%

Debt €122k▲ 47.3%

The debt ratio rises from 79.6% to 85.2%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€49k▼

2023 · €57k

Cash flow

€37k▼

2023 · €45k

Solvency

14.8%▼

2023 · 20.4%

Current ratio

1.03▼

2023 · 1.11

Quick ratio

1.03▼

2023 · 1.11

Debt / equity

5.75▲

2023 · 3.90

ROE

0.1%▼

2023 · 23.3%

ROA

0.0%▼

2023 · 4.8%

Interest coverage

8.80▲

2023 · 6.11

Debt

€122k▲

2023 · €83k

Debt ≤ 1 year

€90k▲

2023 · €53k

Debt > 1 year

€32k▲

2023 · €30k

Income taxes

€6k▲

2023 · €3k

Staff costs

€105k▲

2023 · €69k

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€104k€143k▲

Fixed assets21/28€46k€51k▲

Tangible fixed assets22/27€46k€50k▲

Plant, machinery and equipment23€324€99▼

Furniture and vehicles24€14k€11k▼

Leasing and similar rights25€31k€39k▲

Financial fixed assets28€135€410▲

Current assets29/58€58k€93k▲

Amounts receivable within one year40/41€42k€61k▲

Trade receivables40€35k€24k▼

Other amounts receivable41€7k€37k▲

Cash at bank and in hand54/58€16k€32k▲

Equity and liabilities

Total equity and liabilities10/49€104k€143k▲

Equity10/15€21k€21k▲

Contributions10/11€13k€13k=

Profit (loss) carried forward14€8k€8k▲

Amounts payable17/49€83k€122k▲

Amounts payable after more than one year17€30k€32k▲

Financial debts170/4€30k€32k▲

Amounts payable within one year42/48€53k€90k▲

Current portion of amounts payable after more than one year42€15k€21k▲

Trade debts44€21k€54k▲

Suppliers440/4€21k€54k▲

Taxes, remuneration and social security45€13k€14k▲

Taxes450/3€9k€11k▲

Remuneration and social security454/9€4k€4k▼

Other amounts payable47/48€4k-

Income statement Code20232024

Remuneration, social security and pensions62€69k€105k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€37k▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€11k-

Other operating charges640/8€21k€40k▲

Gross operating margin9900€158k€194k▲

Operating profit (loss)9901€17k€12k▼

Financial income75/76B€0€20▲

Recurring financial income75€0€20▲

Financial charges65/66B€9k€6k▼

Recurring financial charges65€9k€6k▼

Non-recurring financial charges66B-€698

Profit (loss) for the period before taxes9903€8k€6k▼

Income taxes67/77€3k€6k▲

Profit (loss) for the period9904€5k€14▼

Profit (loss) for the period to be appropriated9905€5k€14▼

Appropriation of the result

Profit (loss) to be appropriated9906€8k€8k▲

Profit (loss) brought forward from the previous period14P€3k€8k▲

The notes to these accounts (9 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 5Financial 1Filings 4

2025

16-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 47 days late

2024

21-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

29-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

07-02

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 191 days late

2022

31-12

Financial Back to profitnet €15k

Net result €15k after one loss-making year.

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Zele · 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.

Veldekensstraat 149240 Zele

Ground area

143 m²

Building footprint

106 m²

Volume, LiDAR

597 m³

Parcel 42402C2067/00Z003, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Demirel Trans

Veldekensstraat 14, 9240 ZeleFreight transport by road

since 20202.301.022.320

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
42402C2067/00Z003	Flanders	143 m²	1 · 106 m²	8.9 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

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

Sint-Genesius-Rode · Eq €21k

Sint-Jans-Molenbeek · Eq €21k

AFRICAN SERVICE AGENCY

BE 0452.095.026

Ganshoren · Eq €21k

Of 12,606 companies in sector 49410 we hold annual accounts for 8,203. 5,057 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded03-04-2020

Fiscal year end31-12

Activities, NACEBEL

49410Freight transport by road

53200Other postal and courier activities

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.