LOCATRANS
ActiveSummary
LOCATRANS has been active since 1959 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 €90,070. Equity is growing by ~2.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability74=
Solvency95▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120,000 at 30 days acceptable
Liquidity ample (current ratio 3.11 against 2.64 in 2023; short-term debt: 17.1% and cash: 38% of total assets), and 30% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 2024Solvency, return and age of the figures
Solvency
70%
Return on assets
4.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-06-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 d early
2024
36 d early
2023
43 d early
2022
17 d early
2021
19 d early
2020
33 d early
2019
38 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 32 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 25 June (5 of the last 5 filed years within 30 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 2024, abbreviated schema
In the rankings
#2 oldest company in Zulte, Transport and storage sector#7 company by total assets in Zulte, Transport and storage sector#7 company by equity in Zulte, Transport and storage sector
Equity
€1.5m▲ 6.5%
2023 · €1.4m
Total assets
€2.1m▼ 3.1%
2023 · €2.2m
Net result
€90,070▼ 2.5%
2023 · €92,343
Working capital
€755,761▲ 7.4%
2023 · €703,587
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-€71,984€10,624€97,246▲ 815%€107,223▲ 10.3%€111,802▲ 4.3%
Net result-€85,068below the sector's middle half-€1,336below the sector's middle half▲ 98.4%€82,406within the sector's middle half€92,343within the sector's middle half▲ 12.1%€90,070within the sector's middle half▼ 2.5%
Equity€1.2mabove the sector's middle half▼ 6.6%€1.2mabove the sector's middle half▼ 0.1%€1.3mabove the sector's middle half▲ 6.8%€1.4mabove the sector's middle half▲ 7.2%€1.5mabove the sector's middle half▲ 6.5%
Total assets€1.9mwithin the sector's middle half▲ 0.7%€1.9mwithin the sector's middle half▼ 0.8%€2.1mwithin the sector's middle half▲ 10.0%€2.2mwithin the sector's middle half▲ 5.0%€2.1mwithin the sector's middle half▼ 3.1%
Debt€682,225▲ 16.8%€668,595▼ 2.0%€773,623▲ 15.7%€783,919▲ 1.3%€627,860▼ 19.9%
Working capital€578,540above the sector's middle half▼ 7.1%€574,068above the sector's middle half▼ 0.8%€620,507above the sector's middle half▲ 8.1%€703,587above the sector's middle half▲ 13.4%€755,761above the sector's middle half▲ 7.4%
Solvency63.8%above the sector's middle half▼ 5.0pp64.3%above the sector's middle half▲ 0.4pp62.4%above the sector's middle half▼ 1.8pp63.7%above the sector's middle half▲ 1.3pp70.0%above the sector's middle half▲ 6.3pp
Current ratio2.45above the sector's middle half▼ 0.342.43above the sector's middle half▼ 0.022.52above the sector's middle half▲ 0.092.64above the sector's middle half▲ 0.133.11above the sector's middle half▲ 0.46
Return on assets (ROA)-4.5%below the sector's middle half▼ 6.7pp-0.1%below the sector's middle half▲ 4.4pp4.0%within the sector's middle half▲ 4.1pp4.3%within the sector's middle half▲ 0.3pp4.3%within the sector's middle half=
Staff (FTE)9.4within the sector's middle half▼ 9.6%9.1within the sector's middle half▼ 3.2%9.4within the sector's middle half▲ 3.3%9.8within the sector's middle half▲ 4.3%9.5within the sector's middle half▼ 3.1%
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 schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 4% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.1m
Fixed assets
€981,265 ▼ 4.7%
Current assets
€1.1m ▼ 1.5%
Equity and liabilities €2.1m
Equity
€1.5m ▲ 6.5%
Debt
€627,860 ▼ 19.9%
Debt's share of the balance-sheet total falls from 36.3% to 30.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€386,274▲
2023 · €384,796
Cash flow
€364,541▼
2023 · €369,916
Debt to equity
0.43▼
2023 · 0.57
ROE
6.1%▼
2023 · 6.7%
Interest coverage
15.55▼
2023 · 25.64
Debt ≤ 1 year
€358,874▼
2023 · €428,265
Debt > 1 year
€266,708▼
2023 · €354,919
Income taxes
€2,000=
2023 · €2,000
Staff costs
€424,590▼
2023 · €485,668
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,040 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 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 17,040 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 | - | €27,500 | - | €2,002 | €12,000 | ▲ 499% |
| Remuneration, social security and pensions62 | - | €455,748 | €456,281 | €485,668 | €424,590 | ▼ 12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €258,730 | €256,232 | €271,094 | €277,573 | €274,472 | ▼ 1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €11,997 | €22,164 | €4,921 | €4,402 | ▼ 10.5% |
| Other operating charges640/8 | - | €22,329 | €29,201 | €33,674 | €20,665 | ▼ 38.6% |
| Non-recurring operating charges66A | - | €18,435 | - | - | - | - |
| Gross operating margin9900 | €670,591 | €775,365 | €875,986 | €909,059 | €835,932 | ▼ 8.0% |
| Operating profit (loss)9901 | -€71,984 | €10,624 | €97,246 | €107,223 | €111,802 | ▲ 4.3% |
| Financial income75/76B | - | €287 | €766 | €2,126 | €5,102 | ▲ 140% |
| Recurring financial income75 | €516 | €287 | €766 | €2,126 | €5,102 | ▲ 140% |
| Financial charges65/66B | - | €12,248 | €12,532 | €15,006 | €24,835 | ▲ 65.5% |
| Recurring financial charges65 | €13,600 | €12,248 | €12,532 | €15,006 | €24,835 | ▲ 65.5% |
| Profit (loss) for the period before taxes9903 | -€85,068 | -€1,336 | €85,480 | €94,343 | €92,070 | ▼ 2.4% |
| Income taxes67/77 | - | - | €3,074 | €2,000 | €2,000 | = |
| Profit (loss) for the period9904 | -€85,068 | -€1,336 | €82,406 | €92,343 | €90,070 | ▼ 2.5% |
| Transfer to tax-exempt reserves689 | - | €27,500 | - | €2,000 | - | - |
| Profit (loss) for the period to be appropriated9905 | -€85,068 | -€28,836 | €82,406 | €90,343 | €90,070 | ▼ 0.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €1.9m | €2.1m | €2.2m | €2.1m | ▼ 3.1% |
| Fixed assets21/28 | €908,619 | €895,615 | €1.0m | €1.0m | €981,265 | ▼ 4.7% |
| Tangible fixed assets22/27 | €904,073 | €888,839 | €1.0m | €1.0m | €975,975 | ▼ 4.8% |
| Land and buildings22 | - | €282,958 | €267,611 | €255,597 | €239,898 | ▼ 6.1% |
| Plant, machinery and equipment23 | - | €16,122 | €11,332 | €8,963 | €6,594 | ▼ 26.4% |
| Furniture and vehicles24 | - | €589,758 | €745,228 | €760,188 | €729,483 | ▼ 4.0% |
| Financial fixed assets28 | €4,546 | €6,776 | €5,291 | €5,291 | €5,290 | = |
| Current assets29/58 | €978,162 | €976,201 | €1.0m | €1.1m | €1.1m | ▼ 1.5% |
| Amounts receivable within one year40/41 | €271,280 | €288,931 | €376,239 | €306,482 | €263,285 | ▼ 14.1% |
| Trade receivables40 | - | €283,907 | €368,519 | €294,248 | €255,474 | ▼ 13.2% |
| Other amounts receivable41 | - | €5,023 | €7,721 | €12,234 | €7,811 | ▼ 36.2% |
| Cash at bank and in hand54/58 | €614,713 | €600,138 | €578,875 | €754,626 | €796,226 | ▲ 5.5% |
| Deferred charges and accrued income490/1 | - | €87,132 | €74,675 | €70,743 | €55,123 | ▼ 22.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €1.9m | €2.1m | €2.2m | €2.1m | ▼ 3.1% |
| Equity10/15 | €1.2m | €1.2m | €1.3m | €1.4m | €1.5m | ▲ 6.5% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €1.2m | €1.2m | €1.3m | €1.4m | €1.4m | ▲ 6.6% |
| Non-distributable reserves130/1 | - | €2,000 | - | - | - | - |
| Reserves not available under the articles1311 | - | €2,000 | - | - | - | - |
| Tax-exempt reserves132 | - | €534,945 | €534,945 | €536,945 | €536,945 | = |
| Distributable reserves133 | - | €646,275 | €730,682 | €821,025 | €911,094 | ▲ 11.0% |
| Amounts payable17/49 | €682,225 | €668,595 | €773,623 | €783,919 | €627,860 | ▼ 19.9% |
| Amounts payable after more than one year17 | €281,915 | €265,883 | €364,071 | €354,919 | €266,708 | ▼ 24.9% |
| Financial debts170/4 | - | €265,883 | €364,071 | €354,919 | €266,708 | ▼ 24.9% |
| Amounts payable within one year42/48 | €399,622 | €402,132 | €409,282 | €428,265 | €358,874 | ▼ 16.2% |
| Current portion of amounts payable after more than one year42 | - | €219,440 | €231,052 | €247,876 | €213,630 | ▼ 13.8% |
| Financial debts43 | - | €8,423 | €9,145 | €9,491 | €9,962 | ▲ 5.0% |
| Credit institutions430/8 | - | €8,423 | €9,145 | €9,491 | €9,962 | ▲ 5.0% |
| Trade debts44 | €65,939 | €87,602 | €93,782 | €87,791 | €50,996 | ▼ 41.9% |
| Suppliers440/4 | - | €87,602 | €93,782 | €87,791 | €50,996 | ▼ 41.9% |
| Advances received on contracts in progress46 | - | - | - | €300 | €1,050 | ▲ 250% |
| Taxes, remuneration and social security45 | - | €66,667 | €55,302 | €62,806 | €63,236 | ▲ 0.7% |
| Taxes450/3 | - | €11,707 | €6,564 | €13,933 | €15,412 | ▲ 10.6% |
| Remuneration and social security454/9 | - | €54,960 | €48,738 | €48,873 | €47,824 | ▼ 2.1% |
| Other amounts payable47/48 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Accrued charges and deferred income492/3 | - | €579 | €271 | €735 | €2,278 | ▲ 210% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€85,068 | -€1,336 | €82,406 | €92,343 | €90,070 | ▼ 2.5% |
| + Depreciation and write-downs630 | €258,730 | €256,232 | €271,094 | €277,573 | €274,472 | ▼ 1.1% |
| Operating cash flow (approximation) | €173,662 | €254,895 | €353,500 | €369,916 | €364,541 | ▼ 1.5% |
| Investment in fixed assets (approximation) | - | -€243,227 | -€404,941 | -€278,150 | -€225,699 | ▲ 18.9% |
| Change in cash | - | -€14,574 | -€21,263 | €175,751 | €41,600 | ▼ 76.3% |
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
24-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €92,343 ▲12.1%
Net result €92,343, the highest in the series.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €82,406
Net result €82,406 after 2 loss-making years.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€85,068
Net result drops to -€85,068, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-06
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 2 acts read
About the unread acts
We know of 2 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
2 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, Zulte · 1 establishment unit since 1986
Ground area
711 m²
Building footprint
120 m²
Volume, LiDAR
792 m³
Parcel 44050B1126/00R000, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Grote Steenweg 165, 9870 Zulte
since 19862.073.622.646
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44050B1126/00R000 | Flanders | 711 m² | 1 · 120 m² | 10.1 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 26,111 EUR awarded · 26,186 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,155 EUR | 1,155 EUR |
| 2024 | 1 | 338 EUR | 338 EUR |
| 2023 | 2 | 24,318 EUR | 24,393 EUR |
| 2022 | 1 | 300 EUR | 300 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteZulte2.073.622.646
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Of 12,582 companies in sector 49410 we hold annual accounts for 8,205. 3,530 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-03-1959
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0405229178
Also
9925:BE0405229178
Registered
27-08-2023
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.