GILTRANS
ActiveGILTRANS has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €77k and a net result of €-617. Equity is growing by ~18.9% per year across the filed fiscal years. Its solvency ranks better than 88% of 4547 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability68▼-9
Solvency100▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 5.11 against 4.2 in 2024; short-term debt: 15.3% and cash: 6.7% of total assets), and 17.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
Sector 49
higher
← 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
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 2025Solvency, return and age of the figures
Solvency
82.7%
Return on assets
-0.7%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
on the day
2022
3 d early
2021
26 d late
2020
26 d late
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close19-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€77k▼ 0.8%
2024 · €78k
2019: €23k
2020: €32k
2021: €40k
2022: €53k
2023: €71k
2024: €78k
2019 → 2025
Total assets
€93k▼ 11.5%
2024 · €105k
2019: €34k
2020: €52k
2021: €57k
2022: €71k
2023: €108k
2024: €105k
2019 → 2025
Net result
€-617
2024 · €7k
2019: €9k
2020: €9k
2021: €8k
2022: €13k
2023: €18k
2024: €7k
2019 → 2025
Working capital
€59k▼ 0.5%
2024 · €59k
2019: €21k
2020: €28k
2021: €37k
2022: €43k
2023: €52k
2024: €59k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€40k-€53k▲ 31.9%€71k▲ 34.2%€78k▲ 9.9%€77k▼ 0.8%
Operating result€8k-€16k▲ 101%€25k▲ 56.7%€10k▼ 59.6%€-1k
Net result€8k-€13k▲ 64.8%€18k▲ 41.6%€7k▼ 61.3%€-617
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €1k after €10k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €93k
Fixed assets
€20k▼ 27.3%
Current assets
€73k▼ 5.7%
Equity and liabilities €93k
Equity
€77k▼ 0.8%
Debt
€16k▼ 41.5%
The debt ratio falls from 26.2% to 17.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€7k▼
2024 · €19k
Cash flow
€7k▼
2024 · €15k
Solvency
82.7%▲
2024 · 73.8%
Current ratio
5.11▲
2024 · 4.20
Quick ratio
5.11▲
2024 · 4.20
Debt / equity
0.21▼
2024 · 0.35
ROE
-0.8%▼
2024 · 9.0%
ROA
-0.7%▼
2024 · 6.6%
Interest coverage
8.31▼
2024 · 14.14
Debt
€16k▼
2024 · €28k
Debt ≤ 1 year
€14k▼
2024 · €18k
Debt > 1 year
€2k▼
2024 · €9k
Income taxes
€368▼
2024 · €3k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€105k€93k▼
Fixed assets21/28€28k€20k▼
Tangible fixed assets22/27€28k€20k▼
Land and buildings22€5k€4k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€20k€14k▼
Current assets29/58€77k€73k▼
Amounts receivable within one year40/41€68k€64k▼
Trade receivables40€11k€4k▼
Other amounts receivable41€57k€60k▲
Cash at bank and in hand54/58€7k€6k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€105k€93k▼
Equity10/15€78k€77k▼
Contributions10/11€8k€8k=
Reserves13€60k€60k=
Tax-exempt reserves132€3k€3k=
Distributable reserves133€57k€57k=
Profit (loss) carried forward14€10k€9k▼
Amounts payable17/49€28k€16k▼
Amounts payable after more than one year17€9k€2k▼
Financial debts170/4€9k€2k▼
Amounts payable within one year42/48€18k€14k▼
Current portion of amounts payable after more than one year42€7k€9k▲
Trade debts44€4k€3k▼
Suppliers440/4€4k€3k▼
Taxes, remuneration and social security45€7k€3k▼
Taxes450/3€7k€3k▼
Income statement
Code20242025
Non-recurring operating income76A€6k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€21k€9k▼
Operating profit (loss)9901€10k€-1k▼
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€1k€842▼
Recurring financial charges65€1k€842▼
Profit (loss) for the period before taxes9903€10k€-249▼
Income taxes67/77€3k€368▼
Profit (loss) for the period9904€7k€-617▼
Profit (loss) for the period to be appropriated9905€7k€-617▼
Appropriation of the result
Profit (loss) to be appropriated9906€17k€9k▼
Profit (loss) brought forward from the previous period14P€10k€10k=
Transfer to equity691/2€7k-
To other reserves6921€7k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet €-617 ▼109%
Net result drops to €-617, the lowest in the series.
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Highest result since 2019net €18k ▲41.6%
Operating result €25k, net result €18k, both a record.
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
26-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2020
26-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
04-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 acts for this company are 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, Ath · 1 establishment unit since 2000
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.
Chemin Hembise(Mai) 367812 AthGround area
477 m²
Building footprint
171 m²
Parcel 51041C0610/00E000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Chemin Hembise(Mai) 36, 7812 Ath
since 20002.099.713.369
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51041C0610/00E000 | Wallonia | 477 m² | 1 · 171 m² | - |
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.
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Of 12,607 companies in sector 49410 we hold annual accounts for 8,195. 6,253 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-07-2000
Fiscal year end31-03
Activities, NACEBEL
49410Freight transport by road
49420Removal services
60241
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.