FLANDERS TRANS
ActiveSummary
FLANDERS TRANS has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €129,330 and a net result of €30,891. Equity is growing by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 4735 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability96▲+10
Solvency100▲+9
Growth68=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 8.51 against 2.4 in 2024; short-term debt: 6.8% and cash: 46.9% of total assets), and 7.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
92.5%
Return on assets
22.1%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
69 d early
2023
106 d early
2022
109 d early
2021
106 d early
2020
110 d early
2019
107 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 82 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 17 April (4 of the last 5 filed years within 36 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€180,274▲ 1.5%
2022 · €177,603
EBIT margin
12.3%▲ 0.3pp
2022 · 12.1%
Net result
€30,891▲ 54.0%
2024 · €20,064
Working capital
€71,829▲ 2.0%
2024 · €70,420
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€174,742▲ 11.5%€177,603▲ 1.6%€180,274▲ 1.5%
Operating result€51,122▲ 20.7%€21,404▼ 58.1%€22,180▲ 3.6%€32,642▲ 47.2%€42,527▲ 30.3%
Net result€47,744within the sector's middle half▲ 14.6%€17,136within the sector's middle half▼ 64.1%€13,640within the sector's middle half▼ 20.4%€20,064within the sector's middle half▲ 47.1%€30,891above the sector's middle half▲ 54.0%
EBIT margin29.3%▲ 2.2pp12.1%▼ 17.2pp12.3%▲ 0.3pp
Equity€107,599below the sector's middle half▲ 12.8%€100,235below the sector's middle half▼ 6.8%€108,375below the sector's middle half▲ 8.1%€98,439within the sector's middle half▼ 9.2%€129,330above the sector's middle half▲ 31.4%
Total assets€159,865below the sector's middle half▼ 0.4%€125,735below the sector's middle half▼ 21.3%€123,552below the sector's middle half▼ 1.7%€148,796within the sector's middle half▲ 20.4%€139,855within the sector's middle half▼ 6.0%
Debt€51,266▼ 19.4%€25,000▼ 51.2%€15,177▼ 39.3%€50,357▲ 232%€10,525▼ 79.1%
Working capital€71,093within the sector's middle half▲ 49.8%€81,982within the sector's middle half▲ 15.3%€108,375within the sector's middle half▲ 32.2%€70,420above the sector's middle half▼ 35.0%€71,829above the sector's middle half▲ 2.0%
Solvency67.3%above the sector's middle half▲ 7.9pp79.7%above the sector's middle half▲ 12.4pp87.7%above the sector's middle half▲ 8.0pp66.2%above the sector's middle half▼ 21.6pp92.5%above the sector's middle half▲ 26.3pp
Current ratio2.39above the sector's middle half▲ 0.554.28above the sector's middle half▲ 1.898.14above the sector's middle half▲ 3.862.40within the sector's middle half▼ 5.748.51above the sector's middle half▲ 6.11
Return on assets (ROA)29.9%above the sector's middle half▲ 3.9pp13.6%above the sector's middle half▼ 16.2pp11.0%above the sector's middle half▼ 2.6pp13.5%within the sector's middle half▲ 2.4pp22.1%above the sector's middle half▲ 8.6pp
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 30% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €139,855
Fixed assets
€58,456 ▲ 109%
Current assets
€81,399 ▼ 32.6%
Equity and liabilities €139,855
Equity
€129,330 ▲ 31.4%
Debt
€10,525 ▼ 79.1%
Debt's share of the balance-sheet total falls from 33.8% to 7.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€49,816▲
2024 · €39,623
Cash flow
€38,180▲
2024 · €27,045
Debt to equity
0.08▼
2024 · 0.51
ROE
23.9%▲
2024 · 20.4%
Interest coverage
262.19▲
2024 · 151.23
Debt ≤ 1 year
€9,570▼
2024 · €50,357
Income taxes
€11,848▼
2024 · €12,479
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,371 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €174,742 | €177,603 | €180,274 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €104,005 | €136,583 | €138,956 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,753 | €18,753 | €18,753 | €6,981 | €7,289 | ▲ 4.4% |
| Other operating charges640/8 | €863 | €863 | €384 | €3,242 | €1,569 | ▼ 51.6% |
| Gross operating margin9900 | €70,737 | €41,020 | €41,318 | €42,865 | €51,385 | ▲ 19.9% |
| Operating profit (loss)9901 | €51,122 | €21,404 | €22,180 | €32,642 | €42,527 | ▲ 30.3% |
| Financial income75/76B | - | - | €97 | €163 | €402 | ▲ 147% |
| Recurring financial income75 | - | - | €97 | €163 | €402 | ▲ 147% |
| Financial charges65/66B | €476 | €316 | €269 | €262 | €190 | ▼ 27.5% |
| Recurring financial charges65 | €476 | €316 | €269 | €262 | €190 | ▼ 27.5% |
| Profit (loss) for the period before taxes9903 | €50,646 | €21,088 | €22,008 | €32,543 | €42,739 | ▲ 31.3% |
| Income taxes67/77 | €2,902 | €3,952 | €8,368 | €12,479 | €11,848 | ▼ 5.1% |
| Profit (loss) for the period9904 | €47,744 | €17,136 | €13,640 | €20,064 | €30,891 | ▲ 54.0% |
| Transfer from tax-exempt reserves789 | €2,000 | €2,000 | €2,000 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €49,744 | €19,136 | €15,640 | €20,064 | €30,891 | ▲ 54.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €159,865 | €125,735 | €123,552 | €148,796 | €139,855 | ▼ 6.0% |
| Fixed assets21/28 | €37,506 | €18,753 | - | €28,019 | €58,456 | ▲ 109% |
| Tangible fixed assets22/27 | €37,506 | €18,753 | - | €28,019 | €58,456 | ▲ 109% |
| Furniture and vehicles24 | €37,506 | €18,753 | - | €28,019 | €58,456 | ▲ 109% |
| Current assets29/58 | €122,360 | €106,982 | €123,552 | €120,777 | €81,399 | ▼ 32.6% |
| Amounts receivable within one year40/41 | €14,455 | €8,108 | €15,352 | €13,499 | €15,870 | ▲ 17.6% |
| Trade receivables40 | €14,455 | €6,441 | €15,352 | €13,499 | €15,870 | ▲ 17.6% |
| Other amounts receivable41 | - | €1,666 | - | - | - | - |
| Cash at bank and in hand54/58 | €107,904 | €98,874 | €108,200 | €106,892 | €65,529 | ▼ 38.7% |
| Deferred charges and accrued income490/1 | - | - | - | €386 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €159,865 | €125,735 | €123,552 | €148,796 | €139,855 | ▼ 6.0% |
| Equity10/15 | €107,599 | €100,235 | €108,375 | €98,439 | €129,330 | ▲ 31.4% |
| Contributions10/11 | €19,831 | €19,831 | €19,831 | €19,831 | €19,831 | = |
| Capital10 | €19,831 | €19,831 | €19,831 | - | - | - |
| Issued capital100 | €19,831 | €19,831 | €19,831 | - | - | - |
| Reserves13 | €74,023 | €86,268 | €78,768 | €68,768 | €98,768 | ▲ 43.6% |
| Non-distributable reserves130/1 | €1,983 | €1,983 | €1,983 | - | - | - |
| Legal reserve130 | €1,983 | €1,983 | €1,983 | - | - | - |
| Tax-exempt reserves132 | €3,000 | €1,500 | - | - | - | - |
| Distributable reserves133 | €69,040 | €82,784 | €76,784 | €68,768 | €98,768 | ▲ 43.6% |
| Profit (loss) carried forward14 | €13,744 | -€5,864 | €9,776 | €9,840 | €10,731 | ▲ 9.1% |
| Provisions and deferred taxes16 | €1,000 | €500 | - | - | - | - |
| Provisions for liabilities and charges160/5 | €1,000 | €500 | - | - | - | - |
| Other liabilities and charges164/5 | €1,000 | €500 | - | - | - | - |
| Amounts payable17/49 | €51,266 | €25,000 | €15,177 | €50,357 | €10,525 | ▼ 79.1% |
| Amounts payable within one year42/48 | €51,266 | €25,000 | €15,177 | €50,357 | €9,570 | ▼ 81.0% |
| Current portion of amounts payable after more than one year42 | €6,841 | - | - | - | - | - |
| Trade debts44 | €8,192 | - | €5,962 | €4,724 | €3,590 | ▼ 24.0% |
| Suppliers440/4 | €8,192 | - | €5,962 | €4,724 | €3,590 | ▼ 24.0% |
| Taxes, remuneration and social security45 | €234 | - | €3,215 | €15,633 | €5,980 | ▼ 61.7% |
| Taxes450/3 | €234 | - | €3,215 | €15,591 | €5,622 | ▼ 63.9% |
| Remuneration and social security454/9 | - | - | - | €42 | €358 | ▲ 752% |
| Other amounts payable47/48 | €36,000 | €25,000 | €6,000 | €30,000 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €955 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €47,744 | €17,136 | €13,640 | €20,064 | €30,891 | ▲ 54.0% |
| + Depreciation and write-downs630 | €18,753 | €18,753 | €18,753 | €6,981 | €7,289 | ▲ 4.4% |
| Operating cash flow (approximation) | €66,497 | €35,889 | €32,393 | €27,045 | €38,180 | ▲ 41.2% |
| Investment in fixed assets (approximation) | - | €0 | - | - | -€37,726 | - |
| Change in cash | - | -€9,030 | €9,326 | -€1,308 | -€41,363 | ▼ 3,062% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Liquidity quadruplescurrent ratio 8.51
Current ratio from 2.40 to 8.51; short-term debt falls from €50,357 to €9,570.
31-12
Financial
Equity above €100,000Eq €129,330 ▲31.4%
8 profitable years in a row build equity to €129,330.
23-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
16-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €13,640 ▼20.4%
Net result drops to €13,640, the lowest in the series; recovery starts the following year.
13-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
16-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €47,744 ▲14.6%
Operating result €51,122, net result €47,744, both a record.
31-12
Financial
Equity above €100,000Eq €107,599 ▲12.8%
4 profitable years in a row build equity to €107,599.
12-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
15-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
14-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
14-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
09-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Bertem · 1 establishment unit since 1985
Ground area
803 m²
Building footprint
111 m²
Volume, LiDAR
620 m³
Parcel 24009C0016/00A002, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Oude Leuvensebaan 4, 3060 Bertem
since 19852.027.434.216
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24009C0016/00A002 | Flanders | 803 m² | 1 · 111 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,573 companies in this sector we hold annual accounts for 8,200. 6,369 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded09-07-1985
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0427519283
Also
9925:BE0427519283
Registered
14-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.