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Intertrans

Open bankruptcy
Public limited companyfounded 1951Vilvoordsesteenweg 11, 1120 Brussel, BelgiumKBO/BCE: BE 0405.771.388

A bankruptcy procedure is open for Intertrans according to publications in the Belgian State Gazette. The 2024 annual accounts show equity of €266k and a net result of €-2.49M.

Signals

Six signals. The signal on the left, the evidence on the right.
+raises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year €-2.49M
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 1124 sector peers (2024).
NBB · sector comparison
Position among 1124 sector peers
Solvency
better than 9%
← weakest strongest →
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
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 11-07-2025, 20 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
not confirmed
2024
20 d early
2023
21 d early
2022
14 d early
2021
30 d early
2020
24 d early
2019
38 d late
← before the deadline after the deadline →
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2024, consolidated, statutory

Turnover
€62.82M▲ 45.8%
2023 · €43.08M
2018: €41.40M 2019: €45.89M 2020: €46.88M 2021: €91.47M 2022: €83.87M 2023: €43.08M
2018 → 2024
EBIT margin
-3.1%▲ 1.7pp
2023 · -4.8%
2018: 0.4% 2019: 0.5% 2020: 0.6% 2021: 0.2% 2022: 0.4% 2023: -4.8%
2018 → 2024
Net result
€-2.49M▲ 2.3%
2023 · €-2.55M
2018: €29k 2019: €40k 2020: €44k 2021: €78k 2022: €126k 2023: €-2.55M
2018 → 2024
Working capital
€-14.19M▼ 22.0%
2023 · €-11.64M
2018: €-4.04M 2019: €-4.34M 2020: €-4.23M 2021: €-8.89M 2022: €-8.71M 2023: €-11.64M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Turnover€46.88M-€91.47M▲ 95.1%€83.87M▼ 8.3%€43.08M▼ 48.6%€62.82M▲ 45.8%
Equity€5.10M-€5.18M▲ 1.5%€5.31M▲ 2.4%€2.76M▼ 48.0%€266k▼ 90.3%
Operating result€263k-€193k▼ 26.8%€324k▲ 68.2%€-2.09M€-1.97M▲ 5.5%
Net result€44k-€78k▲ 76.7%€126k▲ 61.1%€-2.55M€-2.49M▲ 2.3%
Result per fiscal year
Operating resultNet result
€-3.00M€-2.00M€-1.00M€0Operating result 2020: €263k€263kNet result 2020: €44k€44kOperating result 2021: €193k€193kNet result 2021: €78k€78kOperating result 2022: €324k€324kNet result 2022: €126k€126kOperating result 2023: €-2.09M€-2.09MNet result 2023: €-2.55M€-2.55MOperating result 2024: €-1.97M€-1.97MNet result 2024: €-2.49M€-2.49M20202021202220232024
The operating result stays negative: a loss of €1.97M in 2024 against €2.09M in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €28.89M
Fixed assets €16.77M▲ 0.6%
Current assets €12.12M▲ 18.6%
Equity and liabilities €28.89M
Equity €266k▼ 90.3%
Debt €28.63M▲ 18.6%
The debt ratio rises from 89.7% to 99.1%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€-1.76M
2023 · €-1.91M
Cash flow
€-2.27M
2023 · €-2.37M
Solvency
0.9%
2023 · 10.3%
Current ratio
0.46
2023 · 0.47
Quick ratio
0.46
2023 · 0.47
ROE
-935.5%
2023 · -92.5%
ROA
-8.6%
2023 · -9.5%
Interest coverage
-5.38
2023 · -7.31
Debt
€28.63M
2023 · €24.13M
Debt ≤ 1 year
€26.31M
2023 · €21.86M
Debt > 1 year
€1.69M
2023 · €1.68M
Income taxes
€9k
2023 · €33k
Staff costs
€8.66M
2023 · €8.07M
A ratio outside any meaningful range has been withheld (balance sheet total €28.89M, equity €266k).
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 · 2024 against 2023
Balance sheet Code20232024
Assets
Total assets20/58€26.89M€28.89M
Fixed assets21/28€16.67M€16.77M
Intangible fixed assets21€0-
Tangible fixed assets22/27€1.11M€1.21M
Plant, machinery and equipment23€322k€519k
Furniture and vehicles24€103k€101k
Leasing and similar rights25€579k€506k
Other tangible fixed assets26€101k€82k
Financial fixed assets28€15.57M€15.57M=
Affiliated companies280/1€15.56M€15.56M=
Participating interests280€15.56M€15.56M=
Amounts receivable281€0-
Other financial fixed assets284/8€2k€2k
Amounts receivable and cash guarantees285/8€2k€2k
Current assets29/58€10.22M€12.12M
Amounts receivable within one year40/41€9.40M€10.96M
Trade receivables40€7.88M€9.49M
Other amounts receivable41€1.52M€1.47M
Cash at bank and in hand54/58€219k€636k
Deferred charges and accrued income490/1€596k€527k
Equity and liabilities
Total equity and liabilities10/49€26.89M€28.89M
Equity10/15€2.76M€266k
Contributions10/11€3.55M€3.55M=
Capital10€3.55M€3.55M=
Issued capital100€3.55M€3.55M=
Reserves13€1.76M€1.76M=
Non-distributable reserves130/1€355k€355k=
Legal reserve130€355k€355k=
Tax-exempt reserves132€14k€14k=
Distributable reserves133€1.39M€1.39M=
Profit (loss) carried forward14€-2.55M€-5.04M
Amounts payable17/49€24.13M€28.63M
Amounts payable after more than one year17€1.68M€1.69M
Financial debts170/4€1.68M€1.69M
Leasing and similar obligations172€449k€464k
Credit institutions173€100k€100k=
Other loans174€1.13M€1.13M=
Amounts payable within one year42/48€21.86M€26.31M
Current portion of amounts payable after more than one year42€461k€262k
Financial debts43€3.94M€4.42M
Credit institutions430/8€3.94M€4.42M
Trade debts44€10.05M€13.59M
Suppliers440/4€10.05M€13.59M
Taxes, remuneration and social security45€4.87M€5.54M
Taxes450/3€2.67M€2.35M
Remuneration and social security454/9€2.20M€3.20M
Other amounts payable47/48€2.53M€2.50M
Accrued charges and deferred income492/3€601k€623k
Income statement Code20232024
Operating income70/76A€43.58M€63.36M
Turnover70€43.08M€62.82M
Other operating income74€498k€545k
Non-recurring operating income76A€1k€1k
Operating charges60/66A€45.67M€65.34M
Goods for resale, raw materials and consumables60€28.94M€44.65M
Purchases600/8€28.94M€44.65M
Services and other goods61€8.30M€11.34M
Remuneration, social security and pensions62€8.07M€8.66M
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€181k€219k
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-50k€28k
Other operating charges640/8€229k€437k
Operating profit (loss)9901€-2.09M€-1.97M
Financial income75/76B€64k€161k
Recurring financial income75€64k€132k
Income from current assets751€500€2k
Other financial income752/9€63k€131k
Non-recurring financial income76B-€29k
Financial charges65/66B€493k€670k
Recurring financial charges65€493k€670k
Debt charges650€261k€326k
Other financial charges652/9€232k€343k
Profit (loss) for the period before taxes9903€-2.52M€-2.48M
Income taxes67/77€33k€9k
Taxes670/3€33k€9k
Profit (loss) for the period9904€-2.55M€-2.49M
Profit (loss) for the period to be appropriated9905€-2.55M€-2.49M
Appropriation of the result
Profit (loss) to be appropriated9906€-2.55M€-5.04M
Profit (loss) brought forward from the previous period14P€0€-2.55M
Social balance
Average headcount (FTE)9087116.7128.1

The notes to these accounts (82 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

2026
05-06
Bankruptcy Opening
Tribunal de l’entreprise francophone de Bruxelles · SA INTERTRANS CHAUSSEE DE VILVORDE 11, 1120 NEDER-OVER-HEEMBEEK · event 01-06-2026
2025
14-07
NBB filing Annual accounts filed
fiscal year 2024 · consolidated
11-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
10-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial Weakest financial yearnet €-2.55M ▼2122%
Net result drops to €-2.55M, the lowest in the series.
17-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial Highest result since 2018net €126k ▲61.1%
Operating result €324k, net result €126k, both a record.
01-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
07-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
07-09
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 38 days late
2019
28-06
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
25-06
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
22-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 36 acts read
About the unread acts

We know of 36 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
36 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, Brussel · 8 establishment units since 1951
seat establishment approximate 7 of 8 establishment units on the map
Ground area
10.3 ha
Building footprint
3.8 ha
Volume, LiDAR
305,035 m³
7 parcels, Brussels, Flanders, Wallonia · tallest building 20.1 m, ±4 floors. Linked by address, not a title deed.
8 establishment units
Vilvoordsesteenweg 11, 1120 Brussel
NACE 51190
since 19512.107.548.593
SA INTERTRANS NV
Bedrijvenzone Machelen-Cargo 734, 1830 Machelen (Brab.)NACE 63112
since 19512.107.548.494
Belcrownlaan 25, 2100 Antwerpen
Air transport
since 19752.107.548.989
INTERTRANS
Lar B 1, 8930 MenenNACE 60242
since 19852.142.794.039
INTERTRANS SA
Havendoklaan 10, 1800 VilvoordeAir transport
since 19932.107.548.890
INTERTRANS NV
Loodswezenstraat 1, 8380 BruggeAgents in non-specialised wholesale trade
since 20092.176.785.314
Show 2 more locations
Impasse des Couleurs - AUBANGE 3, 6790 Aubange
Agents in non-specialised wholesale trade
since 20182.282.324.876
Boulevard Millenium(H-G) H - G, 7110 La Louvière
Agents in non-specialised wholesale trade
since 20252.381.192.226
7 parcels
Flanders 5 (71.4%) Wallonia 1 (14.3%) Brussels 1 (14.3%)
Parcel (capakey) Region Area Buildings Height / fl.
11012A0268/00N000 Flanders 3.3 ha 1 · 1.4 ha 17.8 m · 3 fl.
55020B0371/00M000 Wallonia 2.0 ha 1 · 6,037 m² 10.9 m · 3 fl.
23643E0178/00Z002 Flanders 1.5 ha 1 · 6,976 m² 9.4 m
31812P0240/00H003 Flanders 9,360 m² 1 · 1,425 m² -
21819D0248/00N000 Brussels 9,219 m² 1 · 6,759 m² 20.1 m · 4 fl.
34024C0383/00N000 Flanders 8,898 m² 1 · 2,567 m² 8.8 m · 2 fl.
23047C0352/00C000 Flanders 7,392 m² - -
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 6
7 of 7 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Insolvency mandates

3 mandates
Role Name Tenure
Curator EMMANUELLE BOUILLON
CHAUSSEE DE LA HULPE 187, 1170 WATERMAEL-BOITSFORT
01-06-2026 → present
Curator GUY KELDER
PLACE GUY D’AREZZO 18, 1180 UCCLE-
01-06-2026 → present
Curator Catherine HERINCKX
AVENUE DU CONGO 1, 1050 IXELLES
01-06-2026 → present

Structure & network

Connections & network

5 connected companies

Recognitions · licences · registrations

Food safety, FASFC

6 sites
Vilvoorde2.107.548.890
4 permissions
Vervoer van diervoeders · since 27-10-2025
Toelating · Opslag kamer t° levensmiddelen · since 15-12-2020
Opslag categorie 3 voor feed · since 01-11-2018
and 1 more
La Louvière2.381.192.226
3 permissions
Opslag andere dan levensmiddelen · since 29-01-2026
Opslag diervoeders · since 29-01-2026
Opslag van gewasbeschermingsmiddelen · since 29-01-2026
Menen2.142.794.039
3 permissions
Opslag diervoeders · since 01-10-2019
Opslag categorie 3 voor feed · since 01-03-2019
Opslag kamer t° levensmiddelen
Brugge2.176.785.314
2 permissions
Vervoer levensmiddelen onder gecontroleerde temperatuur en/of atmosfeer · since 08-01-2024
Vervoer andere dan levensmiddelen · since 01-01-2023
Show 2 more sites
Machelen (Vl.Br.)2.107.548.494
2 permissions
Vervoer van diervoeders · since 01-08-2020
Vervoer kamer t° levensmiddelen · since 02-07-2020
Antwerpen2.107.548.989
1 permission
Vervoer kamer t° levensmiddelen · since 01-01-2012

Parcel delivery

Notified to the BIPT
since 25-06-2025

Similar companies · same sector, comparable size

Of 12,606 companies in sector 49410 we hold annual accounts for 8,199. 5,974 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPublic limited company
Founded07-07-1951
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers

Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.