Losses
-€24,915 in three years
Every financial year from 2022 to 2024 closed with a loss. 2023 was the heaviest.
E-TRANSCOM
Lifetime
14 annual accounts with figures on one time axispeak €27,944 (2022)
€1,072▲ €16,800
lowest -€20,073 (2023)
-€4,776▲ €15,297
peak €32,486 (2021)
€7,571▼ 38.7%
€8,313▲ 252%
Board5 names since 2020
2 directorsRezki Tarik and 1 other
Documentsfilings and deeds
31-08-202531 days late
2024micro format
Gross margin from -€15,728 to €1,072Loss of €4,776Transfer of 100 shares from MerchaniNazihAsaad to RezkiIhsan 16-10Appointments: Merchani Nazih Asaad (director) and Rezki Tarik… 02-01Equity from €12,346 to €7,571Debts from €2,359 to €8,313
Key points
from the 2024 annual accountsChecked score
51
Fair
Financially stronger than 27% of micro companies in land transport (NACE 49)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.4% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 9,092 companies (NACE 49, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025lowest value
07-2025: 0.6%● unchanged vs 06-2025
08-2025: 0.7%▲ +0.1 percentage points vs 07-2025
09-2025: 0.6%▼ -0.1 percentage points vs 08-2025
10-2025: 1.5%▲ +0.9 percentage points vs 09-2025
11-2025: 1.5%● unchanged vs 10-2025
12-2025: 1.5%● unchanged vs 11-2025
01-2026: 1.5%● unchanged vs 12-2025
02-2026: 1.5%● unchanged vs 01-2026
03-2026: 1.5%● unchanged vs 02-2026
04-2026: 1.5%● unchanged vs 03-2026
05-2026: 1.4%▼ -0.1 percentage points vs 04-2026
06-2026: 1.4%● unchanged vs 05-2026
07-2026: 1.5%▲ +0.1 percentage points vs 06-2026
08-2026: 2.0%▲ +0.5 percentage points vs 07-2026
09-2026: 1.8%▼ -0.2 percentage points vs 08-2026
10-2026: 2.4%▲ +0.6 percentage points vs 09-2026highest value
11-2026: 2.4%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Figures for financial year 2024 (filed on 02-09-2025)
Sector: Land transport and transport via pipelines (NACE 49)
lowers risk
Founded in 2011
Size: total assets €15,883
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, micro). It does better than 60% of them on solvency, 27% on liquidity, 6% on profitability and 14% 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 31-12-2024.
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, 4,805 companies had the same profile as E-TRANSCOM has now. Each dot stands for 13 companies, two years later.
88.1%
were still trading
9.8%
stopped another way
2.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of E-TRANSCOM itself: 2.4% within 12 months.
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 4,805 companies, not a prediction for E-TRANSCOM. 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
No publishable credit limit, so credit only on tighter terms
Liquidity is insufficient, with a current ratio of 0.44 (6.15 in 2023), below 1. Short-term debt is 52.3% and cash 5.8% of total assets. 52.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€4,776
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 101 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline09-11-2026 today
raises risk · 2024 accounts filed 31 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
31 days late
2023
19 days late
2022
50 days late
2021
50 days late
2020
5 days late
2019
68 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 37 days after 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 (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0833271075
Transfer of 100 shares from MerchaniNazihAsaad to RezkiIhsan
Resignations: RezkiTarik (director) and MerchaniNazihAsaad (director) · Appointment: RezkiIhsan (director) · Director discharge: MerchaniNazihAsaad · General meeting of 30-09-2024 · Gazette deed
Appointments: Merchani Nazih Asaad (director) and Rezki Tarik (director)
Director discharge: gérant démissionnaire · General meeting of 22-12-2023 · Gazette deed
Transfer of 93 shares from Zaalouki IBrahim to Merchani Nazih Asaad
Resignation: Zaalouki IBrahim (manager) · Merchani Nazih Asaad holds 176 shares · Zebti Mounir holds 10 shares · General meeting of 31-12-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| E-TRANSCOM Sint-Gillis (bij-Brussel) | €15,883 | €1,072 | 47.7% | - |
| CHAHID Auderghem | €18,031 | €1,110 | 57.6% | - |
| ANWAR AUTO Molenbeek-Saint-Jean | €24,552 | -€1,943 | 4.6% | - |
| DMS Services Jodoigne | €9,347 | -€11,311 | 60.1% | - |
| M.J.008 Anderlecht | €31,575 | €344 | 92.8% | - |
| LUXURY FULL CAR Brussels | €18,568 | -€10,117 | 54.6% | - |
| APIARIUS Soumagne | €26,469 | -€2,768 | 48.8% | - |
These companies have the same main activity as E-TRANSCOM: non-scheduled passenger transport by road (NACE 49320). They are comparable in size and age: total assets between €9,350 and €31,600, founded between 2004 and 2016.
Official details
Source: KBO- Status
- Active since 28-01-2011Normal situation
- Activity
- Non-scheduled passenger transport by roadNACE 49320and 4 others
- Establishment unit
- 2.195.890.8491060 Sint-Gillis (bij-Brussel), since 09-02-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 05-01-2026
Annual accounts 2024
- ≈ €5,900estimated
- €15,883▲ 8.0%
- ≈ 0.1 FTEestimated
- Filing
- Filed on 31-08-2025
Insights on E-TRANSCOM
E-TRANSCOM files the micro format. That format states no turnover. The gross margin fell from €5,349 in 2011 to €1,072 in 2024.
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 E-TRANSCOM
- What is the company number of E-TRANSCOM?
- The company number of E-TRANSCOM is 0833.271.075. The VAT number is the same number with BE in front: BE 0833.271.075.
- Where is E-TRANSCOM based?
- The registered office is at Coenraetsstraat 87, 1060 Sint-Gillis (bij-Brussel).Company details
- What does E-TRANSCOM do?
- According to the KBO register, the main activity is non-scheduled passenger transport by road (NACE 49320).
- What is the legal form of E-TRANSCOM?
- E-TRANSCOM is a private limited company (BV).
- When was E-TRANSCOM founded?
- E-TRANSCOM was founded on 28-01-2011.
- Is E-TRANSCOM still active?
- Yes, E-TRANSCOM is an active enterprise in the KBO register.
- What is the turnover of E-TRANSCOM?
- The turnover in financial year 2024 is ≈ €5,900. This figure is estimated from the gross margin of €1,072 and 173 comparable companies (NACE 493). It probably lies between €3,500 and €9,900. It is a rough estimate. In financial year 2023 turnover was €22,563.Financials
- Is E-TRANSCOM profitable?
- In financial year 2024, E-TRANSCOM made a loss of €4,776.
- Where can I find the annual accounts of E-TRANSCOM?
- E-TRANSCOM filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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