Intertrans
Open bankruptcyFinancials · financial year 2024, full format, standalone accounts
Annual accounts 2024 filed on 11-07-2025 PDF Consolidated accounts 2024 (PDF) all 49 filings
Turnover
€62.8m▲ 45.8%
2023 · €43.1m
EBIT margin
-3.1%▲ 1.7pp
2023 · -4.8%
Net result
-€2.5m▲ 2.3%
2023 · -€2.6m
Working capital
-€14.2m▼ 22.0%
2023 · -€11.6m
Multi-year overview
2018 to 2024, 7 financial yearsTurnover
€62.8m
▲ 45.8%
2024
20182024
Operating result
-€2.0m
▲ 5.5%
2024
20182024
Net result
-€2.5m
▲ 2.3%
2024
lowest quarter of the sector
20182024
EBIT margin
-3.1%
▲ 1.7pp
2024
20182024
Equity
€266,366
▼ 90.3%
2024
middle half of the sector
20182024
Total assets
€28.9m
▲ 7.5%
2024
highest quarter of the sector
20182024
Debt
€28.6m
▲ 18.6%
2024
20182024
Working capital
-€14.2m
▼ 22.0%
2024
lowest quarter of the sector
20182024
Solvency
0.9%
▼ 9.3pp
2024
lowest quarter of the sector
20182024
Current ratio
0.46
▼ 0.01
2024
lowest quarter of the sector
20182024
Return on assets (ROA)
-8.6%
▲ 0.9pp
2024
lowest quarter of the sector
20182024
Staff (FTE)
128.1
▲ 9.8%
2024
highest quarter of the sector
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Turnover€41.4m-€45.9m▲ 10.9%€46.9m▲ 2.2%€91.5m▲ 95.1%€83.9m▼ 8.3%€43.1m▼ 48.6%€62.8m▲ 45.8%
Operating result€0.2m-€0.2m▲ 36.3%€0.3m▲ 13.1%€0.2m▼ 26.8%€0.3m▲ 68.2%-€2.1m-€2.0m▲ 5.5%
Net result€0.03m-€0.04m▲ 39.7%€0.04mwithin the sector's middle half▲ 11.1%€0.08mwithin the sector's middle half▲ 76.7%€0.1mwithin the sector's middle half▲ 61.1%-€2.6mbelow the sector's middle half-€2.5mbelow the sector's middle half▲ 2.3%
EBIT margin0.4%-0.5%▲ 0.1pp0.6%▲ 0.1pp0.2%▼ 0.4pp0.4%▲ 0.2pp-4.8%▼ 5.2pp-3.1%▲ 1.7pp
Equity€5.0m-€5.1m▲ 0.8%€5.1mabove the sector's middle half▲ 0.9%€5.2mabove the sector's middle half▲ 1.5%€5.3mabove the sector's middle half▲ 2.4%€2.8mabove the sector's middle half▼ 48.0%€0.3mwithin the sector's middle half▼ 90.3%
Total assets€22.8m-€22.8m▲ 0.1%€24.7mabove the sector's middle half▲ 8.5%€38.3mabove the sector's middle half▲ 54.8%€27.7mabove the sector's middle half▼ 27.5%€26.9mabove the sector's middle half▼ 3.0%€28.9mabove the sector's middle half▲ 7.5%
Debt€17.8m-€17.7m▼ 0.1%€19.6m▲ 10.6%€33.1m▲ 68.7%€22.4m▼ 32.2%€24.1m▲ 7.6%€28.6m▲ 18.6%
Working capital-€4.0m--€4.3m▼ 7.4%-€4.2mbelow the sector's middle half▲ 2.5%-€8.9mbelow the sector's middle half▼ 110%-€8.7mbelow the sector's middle half▲ 2.0%-€11.6mbelow the sector's middle half▼ 33.6%-€14.2mbelow the sector's middle half▼ 22.0%
Solvency22.0%-22.2%▲ 0.2pp20.6%within the sector's middle half▼ 1.6pp13.5%below the sector's middle half▼ 7.1pp19.1%within the sector's middle half▲ 5.6pp10.3%below the sector's middle half▼ 8.9pp0.9%below the sector's middle half▼ 9.3pp
Current ratio0.75-0.73▼ 0.020.76below the sector's middle half▲ 0.040.72below the sector's middle half▼ 0.050.58below the sector's middle half▼ 0.140.47below the sector's middle half▼ 0.110.46below the sector's middle half▼ 0.01
Return on assets (ROA)0.1%-0.2%=0.2%within the sector's middle half=0.2%within the sector's middle half=0.5%within the sector's middle half▲ 0.3pp-9.5%below the sector's middle half▼ 9.9pp-8.6%below the sector's middle half▲ 0.9pp
Staff (FTE)89.2-96.6▲ 8.3%105.1above the sector's middle half▲ 8.8%109.9above the sector's middle half▲ 4.6%120.8above the sector's middle half▲ 9.9%116.7above the sector's middle half▼ 3.4%128.1above the sector's middle half▲ 9.8%
above
within
below
The sector band is the middle half of the companies in Land transport and transport via pipelines (NACE 49). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2024 is a loss of €2.0m, smaller than the loss of €2.1m in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €28.9m
Fixed assets
€16.8m ▲ 0.6%
Current assets
€12.1m ▲ 18.6%
Equity and liabilities €28.9m
Equity
€266,366 ▼ 90.3%
Debt
€28.6m ▲ 18.6%
Debt's share of the balance-sheet total rises from 89.7% to 99.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€1.8m▲
2023 · -€1.9m
Cash flow
-€2.3m▲
2023 · -€2.4m
ROE
-935.5%▼
2023 · -92.5%
Interest coverage
-5.38▲
2023 · -7.31
Debt ≤ 1 year
€26.3m▲
2023 · €21.9m
Debt > 1 year
€1.7m▲
2023 · €1.7m
Income taxes
€9,121▼
2023 · €32,796
Customer credit
55 days▼
2023 · 67 days
Supplier credit
111 days▼
2023 · 127 days
Staff costs
€8.7m▲
2023 · €8.1m
A ratio outside any meaningful range has been withheld (balance sheet total €28.9m, equity €266,366).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 119 | 124 | 120 | 133 |
| full-time | 104 | 111 | 103 | 116 |
| part-time | 15 | 13 | 17 | 17 |
| in full-time equivalents | 115.3 | 120.8 | 115.1 | 128.1 |
| Average over the year, in full-time equivalents | 109.9 | 119.3 | 116.7 | 126.4 |
| On a permanent contract | 119 | 124 | 119 | 132 |
| Joined | 38 | 27 | 20 | 24 |
| Left | 29 | 23 | 24 | 11 |
| Agency workers, average number | 21.2 | 11.4 | 8.5 | 13 |
| Training hours | - | - | 228 | 0 |
Source: social balance sheet in the 2021 to 2024 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Debts secured on the company's own assets | €9.8m | €3.9m | €4.8m | €5.1m |
Source: notes to the 2021 to 2024 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €51,265 | €155,956 | €998,299 | €322,031 |
| Intangible fixed assets | - | - | €0 | - |
| Financial fixed assets | €4.9m | - | €6.9m | €111 |
| Depreciation and write-downs of the year | €119,053 | €139,038 | €180,507 | €218,532 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Auditor
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Fee for the audit | €20,000 | €20,000 | €20,000 | €20,000 |
Source: notes to the 2021 to 2024 annual accounts (relations with the auditor)
Group figures
Intertrans heads a group. The consolidated accounts add up the company and its subsidiaries.
| Item | 2024 |
|---|---|
| Turnover | €79.4m |
| Operating result | -€2.1m |
| Result for the year | -€2.5m |
| Equity | €1.9m |
| Total assets | €32.6m |
Source: 2024 consolidated accounts
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €92.0m | €84.4m | €43.6m | €63.4m | ▲ 45.4% |
| Turnover70 | €41.4m | €45.9m | €46.9m | €91.5m | €83.9m | €43.1m | €62.8m | ▲ 45.8% |
| Other operating income74 | - | - | - | €0.6m | €0.5m | €0.5m | €0.5m | ▲ 9.5% |
| Non-recurring operating income76A | - | - | - | €0.001m | - | €0.001m | €0.001m | ▼ 10.6% |
| Operating charges60/66A | - | - | - | €91.8m | €84.1m | €45.7m | €65.3m | ▲ 43.1% |
| Goods for resale, raw materials and consumables60 | - | - | - | €75.4m | €67.0m | €28.9m | €44.7m | ▲ 54.3% |
| Purchases600/8 | - | - | - | €75.4m | €67.0m | €28.9m | €44.7m | ▲ 54.3% |
| Services and other goods61 | - | - | - | €9.6m | €9.3m | €8.3m | €11.3m | ▲ 36.6% |
| Remuneration, social security and pensions62 | - | - | - | €6.4m | €7.3m | €8.1m | €8.7m | ▲ 7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.09m | €0.2m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | ▲ 21.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.2m | €0.01m | -€0.05m | €0.03m | - |
| Other operating charges640/8 | - | - | - | €0.2m | €0.3m | €0.2m | €0.4m | ▲ 90.6% |
| Non-recurring operating charges66A | - | - | - | €0.02m | - | - | - | - |
| Operating profit (loss)9901 | €0.2m | €0.2m | €0.3m | €0.2m | €0.3m | -€2.1m | -€2.0m | ▲ 5.5% |
| Financial income75/76B | - | - | - | €0.5m | €0.6m | €0.06m | €0.2m | ▲ 153% |
| Recurring financial income75 | €0.3m | €0.3m | €0.2m | €0.5m | €0.6m | €0.06m | €0.1m | ▲ 108% |
| Income from current assets751 | - | - | - | €374 | €0.007m | €0.001m | €0.002m | ▲ 247% |
| Other financial income752/9 | - | - | - | €0.5m | €0.6m | €0.06m | €0.1m | ▲ 107% |
| Non-recurring financial income76B | - | - | - | - | - | - | €0.03m | - |
| Financial charges65/66B | - | - | - | €0.4m | €0.6m | €0.5m | €0.7m | ▲ 35.9% |
| Recurring financial charges65 | €0.3m | €0.4m | €0.3m | €0.4m | €0.6m | €0.5m | €0.7m | ▲ 35.9% |
| Debt charges650 | €0.1m | €0.2m | €0.1m | €0.05m | €0.08m | €0.3m | €0.3m | ▲ 25.1% |
| Other financial charges652/9 | - | - | - | €0.3m | €0.6m | €0.2m | €0.3m | ▲ 48.1% |
| Profit (loss) for the period before taxes9903 | €0.1m | €0.1m | €0.1m | €0.3m | €0.2m | -€2.5m | -€2.5m | ▲ 1.4% |
| Income taxes67/77 | €0.08m | €0.1m | €0.1m | €0.3m | €0.1m | €0.03m | €0.009m | ▼ 72.2% |
| Taxes670/3 | - | - | - | €0.3m | €0.1m | €0.03m | €0.009m | ▼ 72.2% |
| Profit (loss) for the period9904 | €0.03m | €0.04m | €0.04m | €0.08m | €0.1m | -€2.6m | -€2.5m | ▲ 2.3% |
| Profit (loss) for the period to be appropriated9905 | €0.03m | €0.04m | €0.04m | €0.08m | €0.1m | -€2.6m | -€2.5m | ▲ 2.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €22.8m | €22.8m | €24.7m | €38.3m | €27.7m | €26.9m | €28.9m | ▲ 7.5% |
| Fixed assets21/28 | €10.9m | €11.1m | €11.0m | €15.8m | €15.9m | €16.7m | €16.8m | ▲ 0.6% |
| Intangible fixed assets21 | €0.02m | €0.02m | €0.01m | €0.007m | €0.001m | €0 | - | - |
| Tangible fixed assets22/27 | €0.2m | €0.4m | €0.3m | €0.3m | €0.3m | €1.1m | €1.2m | ▲ 9.3% |
| Plant, machinery and equipment23 | - | - | - | €0.06m | €0.04m | €0.3m | €0.5m | ▲ 61.3% |
| Furniture and vehicles24 | - | - | - | €0.07m | €0.1m | €0.1m | €0.1m | ▼ 2.7% |
| Leasing and similar rights25 | - | - | - | €0.1m | €0.08m | €0.6m | €0.5m | ▼ 12.6% |
| Other tangible fixed assets26 | - | - | - | €0.003m | €0.06m | €0.1m | €0.08m | ▼ 18.9% |
| Financial fixed assets28 | €10.7m | €10.7m | €10.7m | €15.6m | €15.6m | €15.6m | €15.6m | = |
| Affiliated companies280/1 | - | - | - | €15.6m | €15.6m | €15.6m | €15.6m | = |
| Participating interests280 | - | - | - | €15.6m | €8.7m | €15.6m | €15.6m | = |
| Amounts receivable281 | - | - | - | - | €6.9m | €0 | - | - |
| Other financial fixed assets284/8 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | ▼ 21.7% |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | ▼ 21.7% |
| Current assets29/58 | €11.9m | €11.7m | €13.7m | €22.4m | €11.9m | €10.2m | €12.1m | ▲ 18.6% |
| Amounts receivable within one year40/41 | €11.2m | €11.1m | €13.0m | €21.4m | €10.3m | €9.4m | €11.0m | ▲ 16.5% |
| Trade receivables40 | - | - | - | €20.1m | €9.4m | €7.9m | €9.5m | ▲ 20.4% |
| Other amounts receivable41 | - | - | - | €1.4m | €1.0m | €1.5m | €1.5m | ▼ 3.6% |
| Cash at bank and in hand54/58 | €0.2m | €0.3m | €0.2m | €0.4m | €1.0m | €0.2m | €0.6m | ▲ 191% |
| Deferred charges and accrued income490/1 | - | - | - | €0.6m | €0.5m | €0.6m | €0.5m | ▼ 11.7% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €22.8m | €22.8m | €24.7m | €38.3m | €27.7m | €26.9m | €28.9m | ▲ 7.5% |
| Equity10/15 | €5.0m | €5.1m | €5.1m | €5.2m | €5.3m | €2.8m | €0.3m | ▼ 90.3% |
| Contributions10/11 | €3.5m | €3.5m | €3.5m | €3.5m | €3.5m | €3.5m | €3.5m | = |
| Capital10 | - | - | - | €3.5m | €3.5m | €3.5m | €3.5m | = |
| Issued capital100 | - | - | - | €3.5m | €3.5m | €3.5m | €3.5m | = |
| Reserves13 | €1.5m | €1.5m | €1.6m | €1.6m | €1.8m | €1.8m | €1.8m | = |
| Non-distributable reserves130/1 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Legal reserve130 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Tax-exempt reserves132 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Distributable reserves133 | - | - | - | €1.3m | €1.4m | €1.4m | €1.4m | = |
| Profit (loss) carried forward14 | - | - | - | - | - | -€2.6m | -€5.0m | ▼ 97.7% |
| Amounts payable17/49 | €17.8m | €17.7m | €19.6m | €33.1m | €22.4m | €24.1m | €28.6m | ▲ 18.6% |
| Amounts payable after more than one year17 | €1.3m | €1.3m | €1.3m | €1.2m | €1.2m | €1.7m | €1.7m | ▲ 0.9% |
| Financial debts170/4 | - | - | - | €1.2m | €1.2m | €1.7m | €1.7m | ▲ 0.9% |
| Leasing and similar obligations172 | - | - | - | €0.08m | €0.02m | €0.4m | €0.5m | ▲ 3.4% |
| Credit institutions173 | - | - | - | - | €0.1m | €0.1m | €0.1m | = |
| Other loans174 | - | - | - | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Amounts payable within one year42/48 | €15.9m | €16.0m | €17.9m | €31.3m | €20.6m | €21.9m | €26.3m | ▲ 20.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.2m | €0.5m | €0.3m | ▼ 43.2% |
| Financial debts43 | - | - | - | €9.7m | €3.9m | €3.9m | €4.4m | ▲ 12.0% |
| Credit institutions430/8 | - | - | - | €9.7m | €3.9m | €3.9m | €4.4m | ▲ 12.0% |
| Trade debts44 | €7.1m | €7.2m | €9.1m | €14.5m | €8.6m | €10.1m | €13.6m | ▲ 35.2% |
| Suppliers440/4 | - | - | - | €14.5m | €8.6m | €10.1m | €13.6m | ▲ 35.2% |
| Taxes, remuneration and social security45 | - | - | - | €3.8m | €3.1m | €4.9m | €5.5m | ▲ 13.8% |
| Taxes450/3 | - | - | - | €2.3m | €1.6m | €2.7m | €2.3m | ▼ 12.0% |
| Remuneration and social security454/9 | - | - | - | €1.5m | €1.4m | €2.2m | €3.2m | ▲ 44.9% |
| Other amounts payable47/48 | - | - | - | €3.1m | €4.8m | €2.5m | €2.5m | ▼ 1.1% |
| Accrued charges and deferred income492/3 | - | - | - | €0.6m | €0.6m | €0.6m | €0.6m | ▲ 3.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.03m | €0.04m | €0.04m | €0.08m | €0.1m | -€2.6m | -€2.5m | ▲ 2.3% |
| + Depreciation and write-downs630 | €0.09m | €0.2m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | ▲ 21.1% |
| Operating cash flow (approximation) | €0.1m | €0.2m | €0.2m | €0.2m | €0.3m | -€2.4m | -€2.3m | ▲ 4.1% |
| Investment in fixed assets (approximation) | - | -€0.4m | -€0.03m | -€4.9m | -€0.2m | -€1.0m | -€0.3m | ▲ 67.6% |
| Change in cash | - | €0.1m | -€0.04m | €0.1m | €0.6m | -€0.8m | €0.4m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 49 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | consolidated | 14-07-2025 | 2025-00291578 | |
| 31-12-2024 | full format | 11-07-2025 | 2025-00275765 | |
| 31-12-2023 | full format | 10-07-2024 | 2024-00250600 | |
| 31-12-2022 | full format | 17-07-2023 | 2023-00250016 | |
| 31-12-2021 | full format | 01-07-2022 | 2022-20136225 | |
| 31-12-2020 | full format | 07-07-2021 | 2021-33100052 | |
| 31-12-2019 | full format | 07-09-2020 | 2020-52100305 | |
| 31-12-2018 | full format | 28-06-2019 | 2019-26500105 | |
| 31-12-2017 | full format | 25-06-2018 | 2018-23100312 | |
| 31-12-2016 | full format | 22-06-2017 | 2017-21300517 |