Active BE 0636.904.671Private limited company

ES.EL TRANSPORT

Avenue Reine Astrid 38 ·4500 Huy, Belgium· 10 yrs active

Sector: Tyre services (95315)

Conclusion Checked

ES.EL TRANSPORT has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19k and a net result of €-7k. Equity is shrinking by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 34% of 2418 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€19k
Net result	€-7k
Better than sector	34%
Active	10 yrs

Financial profile 5 of 5 axes measured · computed by Checked

36 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 20

Profitability 0

Solvency 27

Growth 32

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.6% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2015, 10 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

20 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

No credit

negative equity or figures too weak

Score history

71 2023

53 2024

20 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 0.73 (< 1.0) -10

Quick ratio Quick ratio 0.21 (< 0.6) -5

Leverage Debt/equity 3.33 (> 3.0) -10

Profitability Negatieve ROE -37% -10

Interest coverage Interest coverage 5.9× (≥ 3×) +8

Profit trend Net profit down YoY -3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview9 NBB filings

Annual accounts filed on 29-01-2026 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~6.5%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	23.1%	39.1%	better than 34% of 2418 sector peers
Net result	€-7k	€9k	better than 16% of 2414 sector peers
Equity	€19k	€51k	better than 33% of 2418 sector peers
Gross operating margin	€11k	€40k	better than 25% of 2412 sector peers
Total assets	€83k	€151k	better than 33% of 2418 sector peers

EBITDA

€9k

-49.0% 23-25

Net profit

€-7k

- 23-25

Cash flow

€9k

-45.1% 23-25

Total assets

€83k

-18.3% 23-25

Equity

€19k

-26.8% 23-25

Working capital

€-14k

+59.6% 23-25

Income taxes

€2k

+33.5% 23-25

Debt

€63k

-15.4% 23-25

Debt ≤ 1y

€52k

-30.9% 23-25

Debt > 1y

€12k

- 23-25

Current ratio

0.73

+34.6% 23-25

Quick ratio

0.21

+34.3% 23-25

Solvency

23.1%

-10.4% 23-25

Debt / equity

3.33

+15.6% 23-25

ROE

-36.7%

- 23-25

ROA

-8.5%

- 23-25

Interest coverage

5.92

-95.6% 23-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023
Deposit	micro schema	micro schema	micro schema
Revenue	-	-	-
EBITDA	€9k	€17k	€14k
Net profit	€-7k	€4k	€4k
Cash flow	€9k	€16k	€12k
Staff costs	-	-	-
Income taxes	-	€2k	€1k
Dividends	-	-	-
Total assets	€83k	€101k	€62k
Equity	€19k	€26k	€22k
Debt	€63k	€75k	€40k
of which ≤ 1y	€52k	€75k	€40k
of which > 1y	€12k	-	-
Working capital	€-14k	€-34k	€5k
Employees (FTE)	-	-	-

Ratios (computed)

	2025	2024	2023
Current ratio	0.73	0.55	1.13
Quick ratio	0.21	0.15	0.24
Working capital ratio	-16.7%	-33.8%	8.3%
Solvency	23.1%	25.8%	35.6%
Debt / equity	3.33	2.88	1.81
Long-term debt ratio	0.61	-	-
Interest coverage	5.92	134.02	92.89
Gross margin	-	-	-
Net margin	-	-	-
ROA	-8.5%	4.1%	6.8%
ROE	-36.7%	15.8%	19.1%
EBITDA margin	-	-	-
Days sales outstanding	-	-	-
Days payable outstanding	-	-	-
Inventory turnover	-	-	-
Days inventory (DSI)	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €44k · 53.9% Current assets €38k · 46.1%

Equity & liabilities

Equity €19k · 23.1% Debt €63k · 76.9%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€83k	€101k	€62k
Fixed assets	21/28	€44k	€60k	€17k
Tangible fixed assets	22/27	€44k	€60k	€17k
Financial fixed assets	28	€240	€240	€240
Current assets	29/58	€38k	€41k	€45k
Stocks & contracts in progress	3	€27k	€29k	€35k
Amounts receivable within one year	40/41	€2k	€4k	€30
Cash & bank	54/58	€9k	€6k	€9k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€83k	€101k	€62k
Equity	10/15	€19k	€26k	€22k
Contributions / capital	10/11	€8k	€8k	€8k
Accumulated profits (losses)	14	€11k	€18k	€14k
Amounts payable	17/49	€63k	€75k	€40k
Amounts payable after one year	17	€12k	-	-
Amounts payable within one year	42/48	€52k	€75k	€40k
Trade debts payable within one year	44	€3k	€24k	€16k
Income statement
Gross operating margin	9900	€11k	€19k	€14k
Operating result	9901	€-7k	€6k	€5k
Financial income	75	€1k	€14	€1
Financial charges	65	€2k	€131	€147
Result before taxes	9903	€-7k	€6k	€5k
Income taxes	67/77	-	€2k	€1k
Net result for the period	9904	€-7k	€4k	€4k
Result to be appropriated	9905	€-7k	€4k	€4k

Directors & mandates 2 directors

Current directors & mandates

KOÇYIGIT Mesut
Director
State Gazette act 23467860 (20-12-2023)

Current
20-12-2023 → present
2 events
- 20-12-2023 Resigned· Manager
- 20-12-2023 Appointed· Director

Former directors (1)

KOÇYIGIT Adem
Manager
State Gazette act 23467860 (20-12-2023)

Former
- → 20-12-2023

Legal Structure

NACE primary	Tyre services(95315)
Legal form	Private limited company(610)
Incorporation	09-09-2015
Status	Active
Postal code	4500

Establishment units 1 location

MK Pneus

Avenue Reine Astrid 38, 4500 HuyNACE 45205

since 20152.247.266.207

Real-estate footprint Source: CBE × cadastre

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
61322A0962/00E003indicative	Wallonia	95 m²	1 · 46 m²	13.1 m · 3 fl.

Methodology

via registered seat: 1

0 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 10 events

All 11Financial 1Gazette 1Filings 9

Next filing, fiscal year 2026, expected by 31-01-2027

2026

29-01

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

30-06

Financial Weakest financial yearnet €-7k ▼269%

Net result drops to €-7k, the lowest in the series.

03-02

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 3 days late

2024

31-01

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

20-12

State Gazette act Director changes

Jean VAN den WOUWER

03-02

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 3 days late

2022

04-02

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 4 days late

04-02

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 369 days late

2020

03-03

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 32 days late

2019

08-01

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

23-02

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 23 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 5 acts read

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2023

20-12-2023 1 director appointed, 2 resigning Director changes·Jean VAN den WOUWER

KOÇYIGIT Mesut, Bestuurder
KOÇYIGIT Adem, Zaakvoerder
KOÇYIGIT Mesut, Zaakvoerder

Notary: Jean VAN den WOUWER · Bruxelles

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Tyre services95315

Names & trade names

Legal nameFR

ES.EL TRANSPORT

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