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Complete company report
Generated 19-08-2026
Active BE 0472.610.625Private limited company (pre-2019)Open bankruptcy

LOCATRANS

· 25 yrs active
Conclusion Checked

A bankruptcy procedure is open for LOCATRANS according to publications in the Belgian State Gazette. The file additionally contains 1 administrative flag. The 2022 annual accounts show equity of €27k and a net result of €14k.

Based on the State Gazette, CBE and 5 annual accounts.
Key figures
Equity €27k
Net result €14k
Active 25 yrs
Board 1
Financial profile 5 of 5 axes measured · computed by Checked
Health24Profitability100Solvency99Growth78Stability0
60 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 24
Profitability 100
Solvency 99
Growth 78
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
53 / 100
High riskRegister: open bankruptcy
This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· Open bankruptcy (+50)
· 1 administrative flag (+3)
Trust signals 2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags1 events
Address struck
Health barometer FY 2022 · computed
24 / 100 Critical
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 06-02-2024 with the NBB · fiscal year 2022 · micro
€-60k€-40k€-20k€0€20kOperating result 2018: €-3k€-3kNet result 2018: €-37k€-37kOperating result 2019: €-6k€-6kNet result 2019: €-42k€-42kOperating result 2020: €-249€-249Net result 2020: €-42k€-42kOperating result 2021: €6k€6kNet result 2021: €6k€6kOperating result 2022: €14k€14kNet result 2022: €14k€14k20182019202020212022
Operating resultNet result
Net profit
€14k
+142.5% 18-22
Total assets
€42k
+201.4% 18-22
Equity
€27k
+115.3% 18-22
Working capital
€27k
+116.9% 18-22
Debt
€15k
+921.9% 18-22
Debt ≤ 1y
€15k
+908.4% 18-22
Current ratio
2.80
-70.1% 18-22
Quick ratio
2.80
-70.1% 18-22
Show 4 other metrics
Solvency
63.8%
-28.6% 18-22
Debt / equity
0.57
+374.8% 18-22
ROE
53.5%
+12.7% 18-22
ROA
34.2%
-19.5% 18-22
Figures by fiscal year
Fiscal year2022
Depositmicro
Revenue-
EBITDA-
Net profit€14k
Cash flow-
Staff costs-
Income taxes-
Dividends-
Total assets€42k
Equity€27k
Debt€15k
of which ≤ 1y€15k
of which > 1y-
Working capital€27k
Employees (FTE)-
Ratios (computed)
2022
Current ratio2.80
Quick ratio2.80
Working capital ratio64.3%
Solvency63.8%
Debt / equity0.57
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA34.2%
ROE53.5%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2022
Full annual accounts (19 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€42k
Current assets 29/58€42k
Amounts receivable within one year 40/41€41k
Cash & bank 54/58€626
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€42k
Equity 10/15€27k
Contributions / capital 10/11€47k
Reserves 13€2k
Accumulated profits (losses) 14€-22k
Amounts payable 17/49€15k
Amounts payable within one year 42/48€15k
Trade debts payable within one year 44€15k
Income statement
Gross operating margin 9900€14k
Operating result 9901€14k
Financial income 75€585
Financial charges 65€32
Result before taxes 9903€14k
Net result for the period 9904€14k
Result to be appropriated 9905€14k
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 5 directors
Current directors & mandates
  • Hama, Salah
    Director
    State Gazette act 22113050 (22-09-2022)
    Current
    22-09-2022 → present
Former directors (4)
  • Bhagat, Bilal Fahim
    Director
    State Gazette act 22113050 (22-09-2022)
    Former
    - → 22-09-2022
  • Bhagat, Mohammed
    Director
    State Gazette act 22113050 (22-09-2022)
    Former
    - → 22-09-2022
  • Nasir Jasarevic
    Manager
    State Gazette act 17180725 (27-12-2017)
    Former
    27-12-2017 → 26-09-2018
    2 events
    • 26-09-2018 Resigned· Manager
    • 27-12-2017 Appointed· Manager
  • YUSUF Farid
    Manager
    State Gazette act 15047876 (01-04-2015)
    Former
    01-04-2015 → 01-09-2015
    2 events
    • 01-09-2015 Resigned· Manager
    • 01-04-2015 Appointed· Manager
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Directors & mandates1 person
Role Name Tenure Source
Curator IWEIN MOORKENS
MECHELSESTEENWEG 271 8.1, 2018 ANTWERPEN 1
 25-11-2025 → present Belgian State Gazette
Legal Structure
NACE primary -
Legal form Private limited company (pre-2019)(015)
Incorporation21-08-2000
StatusActive
Postal code-
First BS signal 01-12-2025
Latest BS signal 01-12-2025
Establishment units 1 location
LOCATRANS
Ter Heydelaan 58, 2100 AntwerpenPersonenvervoer over de weg zonder dienstregeling
since 20002.100.989.910
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11343A0593/00M008 Flanders 321 m² 1 · 320 m² 14.8 m · 4 fl.
11811L3838/00N000 Flanders 261 m² 1 · 261 m² 22.5 m · 6 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 20 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
01-12-2025
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · LOCATRANS BVBA IN VEREF- FENING BRUSSELSTRAAT 51, 2018 ANTWERPEN 1 · event 25-11-2025
12-05-2025
KBO administration Address struck
2024
06-02-2024
NBB filing Annual accounts filed
fiscal year 2022 · micro
2022
22-09-2022
State Gazette act Director changes
v3.2
11-07-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
04-07-2022
State Gazette act Registered-office change
Bhagat, Bilal
2021
27-08-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
01-09-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
16-03-2020
State Gazette act Registered-office change
Bhagat, Mohammed
2019
28-08-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
26-09-2018
State Gazette act Director changes
v3.2
25-08-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
27-12-2017
State Gazette act Director changes
v3.2
2016
15-10-2016
NBB filing Annual accounts filed
fiscal year 2015 · verkort
2015
01-09-2015
State Gazette act Director changes
v3.2
20-08-2015
NBB filing Annual accounts filed
fiscal year 2014 · verkort
01-04-2015
State Gazette act Registered-office change
Notaris van Antwerpen
2014
17-06-2014
NBB filing Annual accounts filed
fiscal year 2013 · verkort
2013
30-08-2013
NBB filing Annual accounts filed
fiscal year 2012 · verkort
Lifecycle & Insolvency Signals2 events
01-12-2025
Bankruptcy Opening
Date: 25-11-2025 · Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · LOCATRANS BVBA IN VEREF- FENING BRUSSELSTRAAT 51, 2018 ANTWERPEN 1 · Publications in State Gazette ↗
Full insolvency chronology

The full chronology lists every recorded event with its date, the competent court and the appointed liquidator or administrator. It answers at which stage the proceedings stand and whether they are still running.

We hold 1 further earlier event in this file, covering 12-05-2025 to 25-11-2025.

Available in Kantoor S. See plans →
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262025-05-12 · KBO administration · Address struck2025-12-01 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette reading coverage 0 of 20 acts read

We know of 20 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 7 acts
Address history · 3
04-07-2022
Registered-office move
16-03-2020
Registered-office move
01-04-2015
Registered-office move
All acts · 7 updated 3 years ago
2022
22-09-2022 1 director appointed, 2 resigning Director changes
  • Hama, Salah, Bestuurder
  • Bhagat, Mohammed, Bestuurder
  • Bhagat, Bilal Fahim, Bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Bhagat, Mohammed",
        "address": null,
        "birth_date": null
      }
    },
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Bhagat, Bilal Fahim",
        "address": null,
        "birth_date": null
      }
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Hama, Salah",
        "address": null,
        "birth_date": null
      }
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "extractor": "qwen3-30b-a3b"
  },
  "subject_company": {
    "kbo": "0472.610.625",
    "name_full": "Locatrans"
  }
}
04-07-2022 Registered office moved within Antwerpen Registered-office change·Bhagat, Bilal
  • Ter Heydelaan, 2100 Antwerpen, België → Brusselstraat 51, 2018 Antwerpen, België
Notary: Bhagat, Bilal · Antwerpen
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "siege_social",
      "new_address": {
        "raw": "Brusselstraat 51, 2018 Antwerpen, Belgi\u00EB",
        "city": "Antwerpen",
        "region": "vlaams_gewest",
        "street": "Brusselstraat",
        "country": "BE",
        "postcode": "2018",
        "box_number": null,
        "street_number": "51",
        "locality_suffix": null
      },
      "old_address": {
        "raw": "Ter Heydelaan, 2100 Antwerpen, Belgi\u00EB",
        "city": "Antwerpen",
        "region": "vlaams_gewest",
        "street": "Ter Heydelaan",
        "country": "BE",
        "postcode": "2100",
        "box_number": null,
        "street_number": null,
        "locality_suffix": null
      },
      "effective_date": "2022-06-01",
      "evidence_quote": "Wordt besloten de maatschappelijke zetel te verplaatsen naar Brusselstraat 51, 2018 Antwerpen met ingang van 1 juni 2022.",
      "region_changed": false,
      "is_statute_change": false,
      "nationality_change": false,
      "old_address_source": "header_volledig_adres",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": "absolute",
      "statutaire_vs_werkelijke": "statutaire",
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": false,
      "effective_date_is_approximate": false
    }
  ],
  "notary": {
    "name": "Bhagat, Bilal",
    "firm_city": null,
    "firm_name": null,
    "office_city": "Antwerpen",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": null,
    "filing_date": "2022-06-21",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "bijzondere_algemene_vergadering",
    "date": "2022-06-01",
    "unanimous": true
  },
  "subject_company": {
    "kbo": "0472.610.625",
    "name_full": "Locatrans",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Bhagat, Bilal",
    "org_rep_person_name": null,
    "person_role_at_subject": "Zaakvoerder"
  },
  "co_filed_documents": [
    "Verslag van de bijzondere algemene vergadering van 1 juni 2022"
  ]
}
2020
16-03-2020 Registered office moved within Antwerpen Registered-office change·Bhagat, Mohammed
  • Familiestraat, 2100 Antwerpen, België → Ter Heydelaan 58 bus 2, 2100 Antwerpen, België
Notary: Bhagat, Mohammed · Antwerpen
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "siege_social",
      "new_address": {
        "raw": "Ter Heydelaan 58 bus 2, 2100 Antwerpen, Belgi\u00EB",
        "city": "Antwerpen",
        "region": "vlaams_gewest",
        "street": "Ter Heydelaan",
        "country": "BE",
        "postcode": "2100",
        "box_number": "2",
        "street_number": "58",
        "locality_suffix": null
      },
      "old_address": {
        "raw": "Familiestraat, 2100 Antwerpen, Belgi\u00EB",
        "city": "Antwerpen",
        "region": "vlaams_gewest",
        "street": "Familiestraat",
        "country": "BE",
        "postcode": "2100",
        "box_number": null,
        "street_number": null,
        "locality_suffix": null
      },
      "effective_date": "2020-01-15",
      "evidence_quote": "Wordt besloten de maatschappelijke zetel te verplaatsen naar Ter Heydelaan 58 bus 2, 2100 Antwerpen met ingang van 15 januari 2020.",
      "region_changed": false,
      "is_statute_change": false,
      "nationality_change": false,
      "old_address_source": "act_body",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": "absolute",
      "statutaire_vs_werkelijke": "statutaire",
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": false,
      "effective_date_is_approximate": false
    }
  ],
  "notary": {
    "name": "Bhagat, Mohammed",
    "firm_city": null,
    "firm_name": null,
    "office_city": "Antwerpen",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": null,
    "filing_date": "2020-03-04",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "bijzondere_algemene_vergadering",
    "date": "2020-01-15",
    "unanimous": true
  },
  "subject_company": {
    "kbo": "0472.610.625",
    "name_full": "Locatrans",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Bhagat, Mohammed",
    "org_rep_person_name": null,
    "person_role_at_subject": "Zaakvoerder"
  },
  "co_filed_documents": [
    "Verslag van de bijzondere algemene vergadering van 15 januari 2020"
  ]
}
2018
26-09-2018 Nasir Jasarevic resigns as manager Director changes
  • Nasir Jasarevic, Zaakvoerder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "zaakvoerder",
      "person": {
        "rrn": null,
        "name": "Nasir Jasarevic",
        "address": null,
        "birth_date": null
      }
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "extractor": "qwen3-30b-a3b"
  },
  "subject_company": {
    "kbo": "0472.610.625",
    "name_full": "Locatrans"
  }
}
2017
27-12-2017 Nasir Jasarevic appointed as manager Director changes
  • Nasir Jasarevic, Zaakvoerder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_in",
      "role": "zaakvoerder",
      "person": {
        "rrn": null,
        "name": "Nasir Jasarevic",
        "address": null,
        "birth_date": null
      }
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "extractor": "qwen3-30b-a3b"
  },
  "subject_company": {
    "kbo": "0472.610.625",
    "name_full": "Locatrans"
  }
}
2015
01-09-2015 YUSUF Farid resigns as manager Director changes
  • YUSUF Farid, Zaakvoerder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "zaakvoerder",
      "person": {
        "rrn": null,
        "name": "YUSUF Farid",
        "address": null,
        "birth_date": null
      }
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "extractor": "qwen3-30b-a3b"
  },
  "subject_company": {
    "kbo": "0472.610.625",
    "name_full": "Locatrans"
  }
}
01-04-2015 Registered office moved within Antwerpen Registered-office change·Notaris van Antwerpen
  • Twee Netenstraat 72 bus 2, 2060 Antwerpen 6, België → Familiestraat 46, 2060 Antwerpen
Notary: Notaris van Antwerpen · Antwerpen
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "siege_social",
      "new_address": {
        "raw": "Familiestraat 46, 2060 Antwerpen",
        "city": "Antwerpen",
        "region": "vlaams_gewest",
        "street": "Familiestraat",
        "country": "BE",
        "postcode": "2060",
        "box_number": null,
        "street_number": "46",
        "locality_suffix": null
      },
      "old_address": {
        "raw": "Twee Netenstraat 72 bus 2, 2060 Antwerpen 6, Belgi\u00EB",
        "city": "Antwerpen",
        "region": "vlaams_gewest",
        "street": "Twee Netenstraat",
        "country": "BE",
        "postcode": "2060",
        "box_number": "2",
        "street_number": "72",
        "locality_suffix": null
      },
      "effective_date": "2015-03-19",
      "evidence_quote": "Tijdens de bijzondere algemene vergadering van 19 maart 2015 werd besloten: 1. De maatschappelijke en uitbatingszetel te verplaatsen met ingang van heden naar: Familiestraat 46, 2060 Antwerpen",
      "region_changed": false,
      "is_statute_change": false,
      "nationality_change": false,
      "old_address_source": "header_volledig_adres",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": "absolute",
      "statutaire_vs_werkelijke": "statutaire",
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": false,
      "effective_date_is_approximate": false
    }
  ],
  "notary": {
    "name": "Notaris van Antwerpen",
    "firm_city": null,
    "firm_name": null,
    "office_city": "Antwerpen",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": null,
    "filing_date": "2015-03-20",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "bijzondere_algemene_vergadering",
    "date": "2015-03-19",
    "unanimous": true
  },
  "subject_company": {
    "kbo": "0472.610.625",
    "name_full": "Locatrans",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "YUSUF Farid",
    "org_rep_person_name": null,
    "person_role_at_subject": "zaakvoerder"
  },
  "co_filed_documents": [
    "Uittreksel uit akte benoeming bestuurder"
  ]
}
Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameNL LOCATRANS
Registration history
  1. 12-05-2025 Address struck
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative