Losses
Every financial year from 2022 to 2024 closed with a loss. 2023 was the heaviest.
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).
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).
In July 2024, 4,805 companies had the same profile as E-TRANSCOM has now. Each dot stands for 13 companies, two years later.
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.
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.
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.
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.
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.
| 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.
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.
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 9 November 2026.
Higher than 60% of 6,605 companies in 2024.
Higher than 13% of 6,323 companies in 2024.
Higher than 8% of 6,384 companies in 2024.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||
20/58 |
15,883 | 14,705 | 46,689 | 33,773 | 37,824 | 29,018 | 25,354 | 23,119 | 24,314 | 23,547 | 25,258 | 14,576 | 31,108 | 30,919 | |
21/28 |
12,193 | 200 | 434 | 668 | 3,400 | 6,600 | 200 | 2,960 | 5,620 | 2,525 | 5,235 | 7,945 | 1,455 | 1,941 | |
22/27 |
11,993 | - | 234 | 468 | 3,200 | 6,400 | - | 2,660 | 5,320 | 2,225 | 4,935 | 7,645 | 1,455 | 1,941 | |
24 |
11,993 | - | 234 | 468 | 3,200 | 6,400 | - | 2,660 | 5,320 | 2,225 | 4,935 | 7,645 | 1,455 | 1,941 | |
28 |
200 | 200 | 200 | 200 | 200 | 200 | 200 | 300 | 300 | 300 | 300 | 300 | - | - | |
29/58 |
3,690 | 14,505 | 46,254 | 33,105 | 34,424 | 22,418 | 25,154 | 20,159 | 18,694 | 21,022 | 20,023 | 6,631 | 29,653 | 28,978 | |
40/41 |
2,776 | 670 | 4,722 | 1,880 | 277 | 1,636 | 1,072 | - | - | 795 | 303 | 5,091 | 24,804 | 26,980 | |
40 |
2,042 | - | 110 | - | - | 1,636 | 1,072 | - | - | 517 | - | 4,984 | 10,558 | 3,983 | |
41 |
734 | 670 | 4,612 | 1,880 | 277 | - | - | - | - | 278 | 303 | 107 | 14,246 | 22,997 | |
54/58 |
914 | 13,835 | 41,532 | 31,226 | 34,146 | 20,781 | 24,082 | 20,159 | 18,694 | 20,227 | 19,720 | 1,539 | 3,372 | 1,446 | |
490/1 |
- | - | - | - | - | - | - | - | - | - | - | - | 1,476 | 551 | |
| Balance sheet: equity and liabilities | |||||||||||||||
10/49 |
15,883 | 14,705 | 46,689 | 33,773 | 37,824 | 29,018 | 25,354 | 23,119 | 24,314 | 23,547 | 25,258 | 14,576 | 31,108 | 30,919 | |
10/15 |
7,571 | 12,346 | 32,419 | 32,486 | 27,570 | 19,351 | 23,243 | 19,882 | 18,421 | 21,056 | 22,174 | 11,810 | 11,103 | 11,976 | |
10/11 |
13,254 | 13,254 | 13,254 | 13,254 | 13,254 | 13,254 | 13,254 | 13,254 | 13,254 | 13,254 | 13,254 | 10,204 | 10,204 | 10,204 | |
10 |
13,254 | 13,254 | 13,254 | 13,254 | - | - | - | - | - | - | - | - | - | - | |
100 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 8,396 | 8,396 | 8,396 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,771 | 1,771 | 1,771 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | |
130 |
- | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,771 | 1,771 | 1,771 | |
1311 |
1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
-7,544 | -2,768 | 17,304 | 17,371 | 12,455 | 4,237 | 8,129 | 4,767 | 3,306 | 5,941 | 7,060 | -165 | -872 | - | |
17/49 |
8,313 | 2,359 | 14,270 | 1,288 | 10,254 | 9,666 | 2,111 | 3,237 | 5,893 | 2,491 | 3,084 | 2,766 | 20,005 | 18,943 | |
17 |
- | - | - | - | - | - | - | - | - | - | - | - | 6,260 | 10,000 | |
170/4 |
- | - | - | - | - | - | - | - | - | - | - | - | 6,260 | 10,000 | |
42/48 |
8,313 | 2,359 | 2,270 | 1,288 | 10,254 | 9,666 | 2,111 | 3,237 | 5,893 | 2,491 | 3,084 | 2,766 | 13,745 | 8,943 | |
44 |
- | 1,066 | 2,119 | 288 | 2,410 | 5,838 | 767 | 1,965 | 3,463 | 109 | 701 | 1,750 | 13,745 | 8,943 | |
440/4 |
- | 1,066 | 2,119 | 288 | 2,410 | 5,838 | 767 | 1,965 | 3,463 | 109 | 701 | 1,750 | 13,745 | 8,943 | |
45 |
1,015 | 1,294 | 151 | 1,000 | 1,588 | 829 | 1,344 | 1,272 | 2,430 | 2,383 | 2,383 | 1,016 | - | - | |
450/3 |
925 | 1,294 | 151 | 1,000 | 1,588 | 829 | 1,344 | 1,272 | 2,430 | 2,383 | 2,383 | 45 | - | - | |
454/9 |
90 | - | - | - | - | - | - | - | - | - | - | 971 | - | - | |
47/48 |
7,297 | - | - | - | 6,256 | 3,000 | - | - | - | - | - | - | - | - | |
492/3 |
- | - | 12,000 | - | - | - | - | - | - | - | - | - | - | - | |
| Income statement | |||||||||||||||
70 |
- | 22,563 | 59,498 | 27,716 | 29,400 | 60,350 | 59,760 | 51,167 | 48,786 | - | 55,092 | 67,387 | 67,797 | 35,651 | |
76A |
- | - | 2,744 | 13 | - | - | - | 1,525 | 715 | - | - | - | - | - | |
9900 |
1,072 | -15,728 | 27,944 | 9,890 | 13,525 | 785 | 14,947 | 7,333 | 2,760 | 2,428 | 12,723 | 17,202 | -393 | 5,349 | |
60/61 |
- | 38,291 | 34,298 | 17,838 | 15,874 | 60,056 | 44,813 | 53,834 | 46,026 | - | 44,092 | 52,626 | 68,190 | 30,301 | |
62 |
2,734 | - | 75 | - | - | 120 | 7,800 | - | - | - | - | 11,528 | - | - | |
630 |
3,707 | 234 | 233 | 3,434 | 3,200 | 3,200 | 2,660 | 2,660 | 4,885 | 2,710 | 2,710 | 2,710 | 485 | 485 | |
640/8 |
757 | 766 | 3,945 | 373 | 209 | 923 | 923 | 1,709 | 1,057 | 731 | 89 | 1,251 | 1,266 | 3,439 | |
66A |
- | - | - | - | 236 | 20 | 40 | 1,437 | 53 | - | - | - | - | - | |
9901 |
-6,127 | -16,729 | 23,691 | 6,083 | 10,116 | -3,458 | 3,564 | 1,528 | -3,234 | -1,013 | 9,923 | 1,713 | -2,145 | 1,425 | |
75/76B |
1,800 | 0 | - | - | - | - | - | 1,525 | 715 | - | - | - | 1,481 | 551 | |
75 |
- | 0 | - | - | - | - | - | - | - | - | - | - | 1,481 | 551 | |
76B |
1,800 | - | - | - | - | - | - | 1,525 | 715 | - | - | - | - | - | |
65/66B |
449 | 2,928 | 22,925 | 820 | 425 | 222 | 203 | 142 | 115 | 106 | 132 | 472 | 209 | 205 | |
65 |
449 | 787 | 736 | 761 | 188 | 202 | 163 | 142 | 115 | 106 | 132 | 472 | 209 | 205 | |
66B |
- | 2,141 | 22,189 | 59 | 236 | 20 | 40 | - | - | - | - | - | - | - | |
9903 |
-4,776 | -19,658 | 766 | 5,263 | 9,691 | -3,680 | 3,361 | 2,911 | -2,635 | -1,118 | 9,791 | 1,241 | -872 | 1,771 | |
67/77 |
- | 415 | 832 | 347 | 1,473 | 212 | - | 1,450 | - | - | 2,478 | 534 | - | - | |
9904 |
-4,776 | -20,073 | -67 | 4,916 | 8,218 | -3,892 | 3,361 | 1,461 | -2,635 | -1,118 | 7,314 | 707 | -872 | 1,771 | |
9905 |
-4,776 | -20,073 | -67 | 4,916 | 8,218 | -3,892 | 3,361 | 1,461 | -2,635 | -1,118 | 7,314 | 707 | -872 | 1,771 | |
| Appropriation of the result | |||||||||||||||
9906 |
-7,544 | -2,768 | 17,304 | 17,371 | 12,455 | 4,237 | 8,129 | 4,767 | 3,306 | 5,941 | 7,148 | -165 | -872 | 1,771 | |
14P |
-2,768 | 17,304 | 17,371 | 12,455 | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | 89 | - | - | 1,771 | |
6920 |
- | - | - | - | - | - | - | - | - | - | 89 | - | - | 1,771 | |
| Document | |||||||||||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 31-08-2025.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 31-08-2025 | 2025-00471645 | |
| 31-12-2023 | micro format | 19-08-2024 | 2024-00354192 | |
| 31-12-2022 | full format | 19-09-2023 | 2023-00451979 | |
| 31-12-2021 | full format | 19-09-2022 | 2022-20438276 | |
| 31-12-2020 | full format | 05-08-2021 | 2021-46800238 | |
| 31-12-2019 | full format | 07-10-2020 | 2020-59800366 | |
| 31-12-2018 | full format | 17-09-2019 | 2019-64800156 | |
| 31-12-2017 | full format | 26-08-2018 | 2018-50400018 | |
| 31-12-2016 | full format | 29-09-2017 | 2017-65400325 | |
| 31-12-2015 | full format | 31-10-2016 | 2016-67600082 | |
| 31-12-2014 | full format | 31-08-2015 | 2015-58100059 | |
| 31-12-2013 | full format | 30-08-2014 | 2014-57800096 | |
| 31-12-2012 | full format | 09-12-2013 | 2013-68500261 | |
| 31-12-2011 | full format | 14-08-2013 | 2013-43200512 |
| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -2,420 | -16,495 | 23,924 | 9,517 | 13,316 | -258 | 6,224 | 4,188 | 1,651 | 1,697 | 12,634 | 4,423 | -1,660 | 1,910 | ||
| -1,069 | -19,838 | 167 | 8,350 | 11,418 | -692 | 6,021 | 4,121 | 2,250 | 1,592 | 10,024 | 3,417 | -387 | 2,256 | ||
| 15,700 | 0 | 0 | 702 | 0 | 9,600 | -100 | 0 | 7,980 | 0 | 0 | 9,200 | 0 | 2,426 | ||
| -12,920 | -27,697 | 10,306 | -2,921 | 13,365 | -3,301 | 3,924 | 1,465 | -1,534 | 507 | 18,180 | -1,833 | 1,926 | - | ||
| -4,622 | 12,146 | 43,984 | 31,818 | 24,170 | 12,751 | 23,043 | 16,922 | 12,801 | 18,531 | 16,939 | 3,865 | 15,908 | 20,035 | ||
| - | -74.1% | 39.8% | 21.9% | 34.4% | -5.7% | 6.0% | 3.0% | -6.6% | - | 18.0% | 2.5% | -3.2% | 4.0% | ||
| 47.7% | 84.0% | 69.4% | 96.2% | 72.9% | 66.7% | 91.7% | 86.0% | 75.8% | 89.4% | 87.8% | 81.0% | 35.7% | 38.7% | ||
| 0.44 | 6.15 | 20.38 | 25.71 | 3.36 | 2.32 | 11.92 | 6.23 | 3.17 | 8.44 | 6.49 | 2.40 | 2.16 | 3.24 | ||
| 1.10 | 0.19 | 0.44 | 0.04 | 0.37 | 0.50 | 0.09 | 0.16 | 0.32 | 0.12 | 0.14 | 0.23 | 1.80 | 1.58 | ||
| -63.1% | -162.6% | -0.2% | 15.1% | 29.8% | -20.1% | 14.5% | 7.3% | -14.3% | -5.3% | 33.0% | 6.0% | -7.9% | 14.8% | ||
| -30.1% | -136.5% | -0.1% | 14.6% | 21.7% | -13.4% | 13.3% | 6.3% | -10.8% | -4.7% | 29.0% | 4.8% | -2.8% | 5.7% | ||
| -5.39 | -20.96 | 32.51 | 12.51 | - | - | - | - | - | - | - | - | - | - | ||
| - | 11 days | 1 day | 25 days | 3 days | 10 days | 7 days | - | - | - | 2 days | 27 days | 57 days | 41 days | ||
| - | 10 days | 23 days | 6 days | 55 days | 35 days | 6 days | 13 days | 27 days | - | 6 days | 12 days | 74 days | 108 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Tangible fixed assets | €15,700 | - | - | €702 |
| €3,707 | €234 | €233 | €3,434 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
The operating result for 2024 is a loss of €6,127, smaller than the loss of €16,729 in 2023.
Debt's share of the balance-sheet total rises from 16.0% to 52.3%. Equity is lower and debt is higher.
E-TRANSCOM has no parent and no holdings in its annual accounts.
| REZTOFOOD via Rezki Tarik, no longer at REZTOFOOD founded in 2017 · accounts filed late |
total assets €51,406 (2024) |
The network starts from the earlier ties.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Coenraetsstraat 87 registered office 1060 Sint-Gillis (bij-Brussel) 49310 Scheduled passenger transport by road | 09-02-2011 | 2.195.890.849 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21562A0311/00V002 | 85 m² | 1 · 82 m² | 20.0 m · 6 |
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