ELIN TRANS
ActiveThe computed 12-month bankruptcy probability of ELIN TRANS is 3.7% (moderate). The 2024 annual accounts show equity of €26k and a net result of €12k. Its solvency ranks better than 59% of 725 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
64
/ 100
Healthy▼ -2 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability92▼-8
Solvency52▲+12
Growth68
Stability94
Bankruptcy probability, 12 months
3.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.46 against 0.65 in 2023), and 58.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · 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 →
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
41.5%
Return on assets
18.7%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
30 d late
2023
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€112k▲ 37.8%
2023 · €81k
2023: €81k
2023 → 2024
EBIT margin
13.4%▼ 6.1pp
2023 · 19.4%
2023: 19.4%
2023 → 2024
Net result
€12k▼ 5.0%
2023 · €12k
2023: €12k
2023 → 2024
Working capital
€-20k▼ 71.7%
2023 · €-11k
2023: €-11k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Turnover€81k-€112k▲ 37.8%
Equity€14k-€26k▲ 81.6%
Operating result€16k-€15k▼ 5.1%
Net result€12k-€12k▼ 5.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 5% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €62k
Fixed assets
€45k▲ 80.3%
Current assets
€17k▼ 19.4%
Equity and liabilities €62k
Equity
€26k▲ 81.6%
Debt
€36k▲ 12.7%
The debt ratio falls from 69.4% to 58.5%: equity grows faster than debt.
Key figures and ratios
EBITDA
€26k▲
2023 · €24k
Cash flow
€22k▲
2023 · €21k
Solvency
41.5%▲
2023 · 30.6%
Current ratio
0.46▼
2023 · 0.65
Quick ratio
0.46▼
2023 · 0.65
Debt / equity
1.41▼
2023 · 2.27
ROE
44.9%▼
2023 · 86.0%
ROA
18.7%▼
2023 · 26.3%
Interest coverage
325.64▼
2023 · 331.59
Debt
€36k▲
2023 · €32k
Debt ≤ 1 year
€36k▲
2023 · €32k
Income taxes
€3k▼
2023 · €4k
Staff costs
€4k▲
2023 · €1k
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€47k€62k▲
Formation expenses20€612€306▼
Fixed assets21/28€25k€45k▲
Tangible fixed assets22/27€16k€31k▲
Furniture and vehicles24€16k€31k▲
Financial fixed assets28€9k€14k▲
Current assets29/58€21k€17k▼
Amounts receivable within one year40/41€339€12k▲
Trade receivables40€339€11k▲
Other amounts receivable41-€969
Cash at bank and in hand54/58€21k€5k▼
Equity and liabilities
Total equity and liabilities10/49€47k€62k▲
Equity10/15€14k€26k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€12k€24k▲
Amounts payable17/49€32k€36k▲
Amounts payable within one year42/48€32k€36k▲
Trade debts44€1k-
Suppliers440/4€1k-
Taxes, remuneration and social security45€8k€13k▲
Taxes450/3€7k€10k▲
Remuneration and social security454/9€801€3k▲
Other amounts payable47/48€23k€24k▲
Income statement
Code20232024
Turnover70€81k€112k▲
Goods, raw materials, services and sundry goods60/61-€80k
Remuneration, social security and pensions62€1k€4k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€11k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€27k€32k▲
Operating profit (loss)9901€16k€15k▼
Financial income75/76B€2-
Recurring financial income75€2-
Financial charges65/66B€73€79▲
Recurring financial charges65€73€79▲
Profit (loss) for the period before taxes9903€16k€15k▼
Income taxes67/77€4k€3k▼
Profit (loss) for the period9904€12k€12k▼
Profit (loss) for the period to be appropriated9905€12k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€12k€24k▲
Profit (loss) brought forward from the previous period14P-€12k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
NBB filing
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, Eeklo · 1 establishment unit since 2023
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.
Bagnolsstraat 29900 EekloGround area
331 m²
Building footprint
88 m²
Volume, LiDAR
509 m³
Parcel 43005D0958/00R000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ELIN TRANS
since 20232.341.794.388
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43005D0958/00R000 | Flanders | 331 m² | 1 · 88 m² | 8.4 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.
Recognitions · licences · registrations
Parcel delivery
Notified to the BIPT
Similar companies · same sector, comparable size
TRANSTRACTION
BE 0440.570.535
Waimes · Eq €26k
ES-ES TRANS
BE 0743.932.293
Merchtem · Eq €26k
AG TRANSPORT & SERVICES
BE 0689.867.958
Kapelle-op-den-Bos · Eq €26k
SOLBEX
BE 0679.612.385
Lommel · Eq €26k
DAS GROUP
BE 0782.463.366
Zaventem · Eq €26k
Of 12,446 companies in sector 49410 we hold annual accounts for 8,083. 5,223 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-12-2022
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
53200Other postal and courier activities
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.