GRANITRANS
ActiveSummary
GRANITRANS has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.5m and a net result of €20,815. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 1860 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability70▼-10
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity ample (current ratio 13.57 against 7.36 in 2023; short-term debt: 5.2% and cash: 1% of total assets), and 6% of the assets are financed with debt.
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Signals
Five 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 2024Solvency, return and age of the figures
Solvency
94%
Return on assets
1.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-06-2025, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
46 d early
2023
45 d early
2022
43 d early
2021
27 d early
2020
44 d early
2019
39 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 41 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 (1)
History
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Financials · fiscal year 2024, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€20,815▼ 85.9%
2023 · €147,765
Working capital
€1.1m▲ 17.6%
2023 · €914,837
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€39,623▼ 36.9%€117,334▲ 196%€13,433▼ 88.6%€183,897▲ 1,269%€42,540▼ 76.9%
Net result€37,338within the sector's middle half▼ 36.4%€92,780within the sector's middle half▲ 148%€12,290within the sector's middle half▼ 86.8%€147,765within the sector's middle half▲ 1,102%€20,815within the sector's middle half▼ 85.9%
Equity€1.3mwithin the sector's middle half▲ 3.0%€1.4mabove the sector's middle half▲ 7.3%€1.4mabove the sector's middle half▲ 0.9%€1.5mabove the sector's middle half▲ 11.2%€1.5mabove the sector's middle half▲ 1.3%
Total assets€1.5mwithin the sector's middle half▼ 8.6%€1.5mwithin the sector's middle half▲ 1.9%€1.5mwithin the sector's middle half▼ 2.7%€1.7mwithin the sector's middle half▲ 14.7%€1.6mwithin the sector's middle half▼ 2.5%
Debt€215,820▼ 45.1%€151,784▼ 29.7%€98,092▼ 35.4%€143,817▲ 46.6%€85,613▼ 40.5%
Working capital€1.1mabove the sector's middle half▲ 11.8%€1.2mabove the sector's middle half▲ 15.8%€1.2mabove the sector's middle half▲ 0.5%€914,837above the sector's middle half▼ 26.8%€1.1mabove the sector's middle half▲ 17.6%
Solvency85.5%above the sector's middle half▲ 9.7pp90.0%above the sector's middle half▲ 4.5pp93.3%above the sector's middle half▲ 3.4pp90.5%above the sector's middle half▼ 2.9pp94.0%above the sector's middle half▲ 3.5pp
Current ratio6.63above the sector's middle half▲ 2.049.19above the sector's middle half▲ 2.5613.73above the sector's middle half▲ 4.557.36above the sector's middle half▼ 6.3713.57above the sector's middle half▲ 6.21
Return on assets (ROA)2.5%within the sector's middle half▼ 1.1pp6.1%within the sector's middle half▲ 3.6pp0.8%within the sector's middle half▼ 5.3pp8.7%within the sector's middle half▲ 7.9pp1.3%within the sector's middle half▼ 7.5pp
Staff (FTE)6below the sector's middle half=6within the sector's middle half=6within the sector's middle half=6within the sector's middle half=5.8within the sector's middle half▼ 3.3%
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.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 77% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.6m
Fixed assets
€485,434 ▼ 23.0%
Current assets
€1.2m ▲ 9.7%
Equity and liabilities €1.6m
Equity
€1.5m ▲ 1.3%
Provisions
€13,510 ▼ 21.3%
Debt
€85,613 ▼ 40.5%
Debt's share of the balance-sheet total falls from 8.5% to 5.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€187,485▼
2023 · €245,038
Cash flow
€165,760▼
2023 · €208,906
Debt to equity
0.06▼
2023 · 0.09
ROE
1.3%▼
2023 · 9.7%
Interest coverage
108.23▼
2023 · 143.11
Debt ≤ 1 year
€85,613▼
2023 · €143,817
Income taxes
€26,117▲
2023 · €18,789
Staff costs
€440,294▼
2023 · €446,033
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 17,027 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €16,250 | €73,000 | - | - |
| Remuneration, social security and pensions62 | - | €430,785 | €410,203 | €446,033 | €440,294 | ▼ 1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €209,750 | €101,819 | €111,538 | €61,141 | €144,945 | ▲ 137% |
| Other operating charges640/8 | - | €46,872 | €42,425 | €44,622 | €46,083 | ▲ 3.3% |
| Non-recurring operating charges66A | - | €2,135 | €1,618 | €2,376 | €2,259 | ▼ 4.9% |
| Gross operating margin9900 | €687,202 | €698,945 | €579,216 | €738,069 | €676,122 | ▼ 8.4% |
| Operating profit (loss)9901 | €39,623 | €117,334 | €13,433 | €183,897 | €42,540 | ▼ 76.9% |
| Financial income75/76B | - | €780 | €696 | €1,529 | €2,473 | ▲ 61.8% |
| Recurring financial income75 | €823 | €780 | €696 | €1,529 | €2,473 | ▲ 61.8% |
| Financial charges65/66B | - | €2,167 | €1,532 | €1,712 | €1,732 | ▲ 1.2% |
| Recurring financial charges65 | €3,108 | €2,167 | €1,532 | €1,712 | €1,732 | ▲ 1.2% |
| Profit (loss) for the period before taxes9903 | €37,338 | €115,947 | €12,597 | €183,714 | €43,281 | ▼ 76.4% |
| Transfer from deferred taxes780 | - | - | - | €1,090 | €3,650 | ▲ 235% |
| Transfer to deferred taxes680 | - | - | - | €18,250 | - | - |
| Income taxes67/77 | - | €23,167 | €307 | €18,789 | €26,117 | ▲ 39.0% |
| Profit (loss) for the period9904 | €37,338 | €92,780 | €12,290 | €147,765 | €20,815 | ▼ 85.9% |
| Transfer from tax-exempt reserves789 | - | - | - | €3,270 | €10,950 | ▲ 235% |
| Transfer to tax-exempt reserves689 | - | - | - | €54,750 | - | - |
| Profit (loss) for the period to be appropriated9905 | €37,338 | €92,780 | €12,290 | €96,285 | €31,765 | ▼ 67.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.5m | €1.5m | €1.7m | €1.6m | ▼ 2.5% |
| Fixed assets21/28 | €221,516 | €119,697 | €125,724 | €630,649 | €485,434 | ▼ 23.0% |
| Tangible fixed assets22/27 | €220,436 | €118,617 | €124,644 | €629,569 | €484,624 | ▼ 23.0% |
| Furniture and vehicles24 | - | €118,617 | €124,644 | €629,569 | €484,624 | ▼ 23.0% |
| Financial fixed assets28 | €1,080 | €1,080 | €1,080 | €1,080 | €810 | ▼ 25.0% |
| Current assets29/58 | €1.3m | €1.4m | €1.3m | €1.1m | €1.2m | ▲ 9.7% |
| Amounts receivable within one year40/41 | €1.2m | €1.4m | €1.3m | €985,646 | €1.1m | ▲ 16.1% |
| Trade receivables40 | - | €1.4m | €1.3m | €910,210 | €1.1m | ▲ 24.3% |
| Other amounts receivable41 | - | €4,963 | €15,213 | €75,436 | €13,285 | ▼ 82.4% |
| Cash at bank and in hand54/58 | €17,084 | €22,539 | €60,011 | €73,007 | €17,255 | ▼ 76.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.5m | €1.5m | €1.7m | €1.6m | ▼ 2.5% |
| Equity10/15 | €1.3m | €1.4m | €1.4m | €1.5m | €1.5m | ▲ 1.3% |
| Contributions10/11 | €65,444 | €65,444 | €65,444 | €65,444 | €65,444 | = |
| Capital10 | - | €65,444 | €65,444 | €65,444 | €65,444 | = |
| Issued capital100 | - | €65,444 | €65,444 | €65,444 | €65,444 | = |
| Reserves13 | €1.2m | €1.3m | €1.3m | €1.4m | €1.5m | ▲ 1.4% |
| Non-distributable reserves130/1 | - | €6,544 | €6,544 | €6,544 | €6,544 | = |
| Legal reserve130 | - | €6,544 | €6,544 | €6,544 | €6,544 | = |
| Tax-exempt reserves132 | - | €189,426 | €189,426 | €240,906 | €229,956 | ▼ 4.5% |
| Distributable reserves133 | - | €1.1m | €1.1m | €1.2m | €1.2m | ▲ 2.6% |
| Profit (loss) carried forward14 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Investment grants15 | - | - | - | €5,673 | €4,473 | ▼ 21.2% |
| Provisions and deferred taxes16 | - | - | - | €17,160 | €13,510 | ▼ 21.3% |
| Deferred taxes168 | - | - | - | €17,160 | €13,510 | ▼ 21.3% |
| Amounts payable17/49 | €215,820 | €151,784 | €98,092 | €143,817 | €85,613 | ▼ 40.5% |
| Amounts payable after more than one year17 | €25,011 | - | - | - | - | - |
| Amounts payable within one year42/48 | €190,809 | €151,784 | €98,092 | €143,817 | €85,613 | ▼ 40.5% |
| Current portion of amounts payable after more than one year42 | - | €25,000 | - | - | - | - |
| Trade debts44 | €32,728 | €40,636 | €34,502 | €81,758 | €22,055 | ▼ 73.0% |
| Suppliers440/4 | - | €40,636 | €34,502 | €81,758 | €22,055 | ▼ 73.0% |
| Taxes, remuneration and social security45 | - | €86,148 | €63,591 | €62,058 | €63,364 | ▲ 2.1% |
| Taxes450/3 | - | €35,435 | €35,342 | €21,276 | €27,380 | ▲ 28.7% |
| Remuneration and social security454/9 | - | €50,713 | €28,249 | €40,782 | €35,984 | ▼ 11.8% |
| Other amounts payable47/48 | - | - | - | - | €193 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,338 | €92,780 | €12,290 | €147,765 | €20,815 | ▼ 85.9% |
| + Depreciation and write-downs630 | €209,750 | €101,819 | €111,538 | €61,141 | €144,945 | ▲ 137% |
| Operating cash flow (approximation) | €247,087 | €194,599 | €123,828 | €208,906 | €165,760 | ▼ 20.7% |
| Investment in fixed assets (approximation) | - | €0 | -€117,565 | -€566,065 | €270 | ▲ 100% |
| Change in cash | - | €5,455 | €37,472 | €12,996 | -€55,752 | ▼ 529% |
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
2025
15-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
16-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €147,765 ▲1,102%
Operating result €183,897, net result €147,765, both a record.
18-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
5 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, Wortegem-Petegem · 1 establishment unit since 1997
Ground area
4.5 ha
Building footprint
9,468 m²
Volume, LiDAR
77,109 m³
Parcel 45055C0472/00G000, Flanders · tallest building 9.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Tjammelsstraat (W.) 49, 9790 Wortegem-Petegem
since 19972.081.036.812
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45055C0472/00G000 | Flanders | 4.5 ha | 1 · 9,468 m² | 9.4 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 10,671 EUR awarded · 10,671 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 654 EUR | 654 EUR |
| 2024 | 1 | 588 EUR | 588 EUR |
| 2023 | 2 | 6,429 EUR | 6,429 EUR |
| 2022 | 1 | 3,000 EUR | 3,000 EUR |
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OLAERTS JEAN
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BESTELDIENST HERMAN
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Of 12,584 companies in sector 49410 we hold annual accounts for 8,203. 3,431 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded18-12-1996
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0459497215
Also
9925:BE0459497215
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.