Equity
Er Trans has made a profit in every financial year since 2016.
Er Trans has made a profit in every financial year since 2016.
The micro format states no turnover.
Green is investment, beige is depreciation.
Short-term debts fell from €18,895 to €11,981.
The 2023 accounts came latest: 31 days after the end of the period.
Higher solvency than 82% of companies in land transport. Sector median 38.0% · 6,602 companies.
In July 2024, 34,691 companies had the same profile as Er Trans has now. Each dot stands for 87 companies, two years later.
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 34,691 companies, not a prediction for Er Trans. 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.
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.
| Company | ||||
|---|---|---|---|---|
| Er Trans Antwerp | €158,152 | €25,258 | 73.2% | - |
| TERRA NOVA SK BELGIUM Wommelgem | €149,051 | €28,105 | 58.9% | - |
| RCAL Beersel | €172,688 | €23,900 | 58.9% | - |
| JDV T&T Kapelle-op-den-Bos | €137,424 | €20,514 | 6.9% | - |
| VPAM Services Waterloo | €156,550 | €32,947 | 85.0% | - |
| Transport Ive Jochems Brecht | €163,104 | €22,715 | -18.0% | - |
| PERFECT TRANS Wommelgem | €153,970 | €30,510 | 65.9% | - |
These companies have the same main activity as Er Trans: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €137,000 and €173,000, founded between 2011 and 2018.
Er Trans files the micro format. That format states no turnover. The gross margin rose from €22,894 in 2016 to €25,258 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €88,000. Estimated: probably between €67,000 and €140,000.
Higher than 82% of 6,602 companies in 2025.
Higher than 95% of 6,322 companies in 2025.
Higher than 64% of 6,391 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2017 | 201620 months |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
20/58 |
158,152 | 119,614 | 113,614 | 80,311 | 73,617 | 79,543 | 76,141 | 48,273 | 50,860 | |
21/28 |
34,499 | 750 | 750 | 750 | 3,411 | 5,323 | 8,268 | 5,456 | 7,854 | |
22/27 |
33,749 | - | - | - | 2,661 | 5,323 | 8,268 | 5,456 | 7,854 | |
24 |
33,749 | - | - | - | 2,661 | 5,323 | 8,268 | 5,456 | 7,854 | |
28 |
750 | 750 | 750 | 750 | 750 | - | - | - | - | |
29/58 |
123,652 | 118,864 | 112,864 | 79,561 | 70,205 | 74,220 | 67,873 | 42,817 | 43,006 | |
40/41 |
123,350 | 118,864 | 102,138 | 79,139 | 68,965 | 73,183 | 67,594 | 42,796 | 39,837 | |
40 |
11,607 | 15,590 | - | 18,209 | 17,601 | 22,635 | 17,538 | 21,232 | 20,220 | |
41 |
111,743 | 103,274 | 102,138 | 60,929 | 51,364 | 50,547 | 50,056 | 21,564 | 19,617 | |
54/58 |
27 | 0 | 10,727 | 423 | 1,240 | 1,038 | 278 | 21 | 3,169 | |
490/1 |
275 | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||
10/49 |
158,152 | 119,614 | 113,614 | 80,311 | 73,617 | 79,543 | 76,141 | 48,273 | 50,860 | |
10/15 |
115,708 | 99,438 | 93,537 | 75,206 | 66,440 | 63,984 | 61,558 | 42,832 | 34,502 | |
10/11 |
20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
100 |
- | - | - | - | - | 20,000 | 20,000 | 20,000 | 20,000 | |
13 |
95,708 | 79,438 | 73,537 | 55,206 | 46,440 | 43,984 | 41,558 | 22,832 | 14,502 | |
130/1 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | - | - | - | |
130 |
- | - | - | - | - | 2,000 | 2,000 | 2,000 | 2,000 | |
1311 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | - | - | - | - | |
132 |
6,329 | 6,329 | 6,329 | 6,329 | 6,329 | 6,329 | 6,329 | - | - | |
133 |
87,379 | 71,109 | 65,208 | 46,876 | 38,110 | 35,655 | 33,228 | 20,832 | 12,502 | |
17/49 |
42,444 | 20,176 | 20,077 | 5,106 | 7,177 | 15,559 | 14,584 | 5,441 | 16,358 | |
17 |
30,463 | 1,281 | - | - | 2,244 | 5,109 | 8,118 | - | - | |
170/4 |
30,463 | 1,281 | - | - | 2,244 | 5,109 | 8,118 | - | - | |
42/48 |
11,981 | 18,895 | 20,077 | 5,106 | 4,933 | 10,450 | 6,466 | 5,441 | 16,358 | |
44 |
6,497 | 11,087 | 12,714 | 1,799 | 3,769 | 8,592 | 6,207 | 5,441 | 16,358 | |
440/4 |
6,497 | 11,087 | 12,714 | 1,799 | 3,769 | 8,592 | 6,207 | 5,441 | 16,358 | |
45 |
5,484 | 7,808 | 7,363 | 3,307 | 1,164 | 1,859 | 259 | - | - | |
450/3 |
5,484 | 7,808 | 7,363 | 3,307 | 1,164 | 1,859 | 259 | - | - | |
| Income statement | ||||||||||
9900 |
25,258 | 9,584 | 24,141 | 14,794 | 7,077 | 10,786 | 18,581 | 16,480 | 22,894 | |
630 |
3,693 | - | - | 2,661 | 2,661 | 2,945 | 2,945 | 3,534 | 5,146 | |
640/8 |
483 | 714 | 594 | - | 449 | 1,094 | 1,295 | 792 | 1,498 | |
66A |
- | - | - | - | - | - | - | - | 1,959 | |
9901 |
21,082 | 8,869 | 23,547 | 12,132 | 3,967 | 6,747 | 14,340 | 12,154 | 16,250 | |
75/76B |
1 | 1 | - | 0 | 0 | 1 | 2,911 | 14 | 659 | |
75 |
1 | 1 | - | 0 | 0 | 1 | 2,911 | 14 | 659 | |
65/66B |
445 | 1,011 | 166 | 465 | 549 | 239 | 586 | 448 | 2,407 | |
65 |
445 | 1,011 | 166 | 465 | 549 | 239 | 586 | 448 | 448 | |
66B |
- | - | - | - | - | - | - | - | 1,959 | |
9903 |
20,638 | 7,859 | 23,381 | 11,667 | 3,419 | 6,509 | 16,665 | 11,720 | 14,502 | |
67/77 |
4,368 | 1,958 | 5,050 | 2,902 | 963 | 4,082 | 1,776 | 3,390 | - | |
9904 |
16,270 | 5,901 | 18,331 | 8,766 | 2,456 | 2,426 | 14,889 | 8,330 | 14,502 | |
9905 |
16,270 | 5,901 | 18,331 | 8,766 | 2,456 | 2,426 | 14,889 | 8,330 | 14,502 | |
| Appropriation of the result | ||||||||||
9906 |
16,270 | 5,901 | 18,331 | 8,766 | 2,456 | 2,426 | 14,889 | 8,330 | 14,502 | |
691/2 |
16,270 | 5,901 | 18,331 | 8,766 | 2,456 | 2,426 | 14,889 | 8,330 | 14,502 | |
6920 |
- | - | - | - | - | - | - | - | 2,000 | |
6921 |
16,270 | 5,901 | 18,331 | 8,766 | 2,456 | 2,426 | 14,889 | 8,330 | 12,502 | |
| Document | ||||||||||
The notes to these accounts have 9 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 2025 (PDF), filed on 17-05-2026.
2025 annual accounts filed 17 days after the deadline. Filed on 17 May 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00115469.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 17-05-2026 | 2026-00115469 | |
| 30-09-2024 | micro format | 03-05-2025 | 2025-00087338 | |
| 30-09-2023 | micro format | 31-05-2024 | 2024-00104719 | |
| 30-09-2022 | micro format | 03-04-2023 | 2023-00051585 | |
| 30-09-2021 | micro format | 14-04-2022 | 2022-20003593 | |
| 30-09-2020 | micro format | 04-05-2021 | 2021-13100412 | |
| 30-09-2019 | micro format | 29-03-2020 | 2020-07800525 | |
| 30-09-2017 | micro format | 27-03-2018 | 2018-08300182 | |
| 30-09-2016 | abbreviated format | 11-05-2017 | 2017-12000397 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2017 | 201620 months |
|---|---|---|---|---|---|---|---|---|---|---|
| 24,775 | - | - | 14,794 | 6,629 | 9,692 | 17,286 | 15,688 | 21,396 | ||
| 19,963 | - | - | 11,427 | 5,117 | 5,372 | 17,834 | 11,864 | 19,648 | ||
| 37,442 | - | - | 0 | 750 | 0 | - | 1,136 | 13,000 | ||
| 27 | -10,727 | 10,304 | -817 | 202 | 759 | - | -3,148 | - | ||
| 111,672 | 99,970 | 92,787 | 74,456 | 65,272 | 63,770 | 61,407 | 37,376 | 26,648 | ||
| 73.2% | 83.1% | 82.3% | 93.6% | 90.3% | 80.4% | 80.8% | 88.7% | 67.8% | ||
| 10.32 | 6.29 | 5.62 | 15.58 | 14.23 | 7.10 | 10.50 | 7.87 | 2.63 | ||
| 0.37 | 0.20 | 0.21 | 0.07 | 0.11 | 0.24 | 0.24 | 0.13 | 0.47 | ||
| 14.1% | 5.9% | 19.6% | 11.7% | 3.7% | 3.8% | 24.2% | 19.4% | 42.0% | ||
| 10.3% | 4.9% | 16.1% | 10.9% | 3.3% | 3.1% | 19.6% | 17.3% | 28.5% | ||
| 55.63 | - | - | 31.79 | 12.08 | - | - | - | - |
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 | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €37,442 | - | - | - | - |
| Financial fixed assets | - | - | - | - | €750 |
| €3,693 | - | - | €2,661 | €2,661 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 138% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 16.9% to 26.8%. Equity and debt are higher.
Deadline for the 2026 accounts: 30-04-2027
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 |
|---|---|---|
| Nieuwdreef 202 registered office 2170 Antwerp | 06-02-2015 | 2.239.188.481 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11422C0111/00T002 | 175 m² | 1 · 68 m² | 9.2 m · 3 |
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