M3 TRANS
ActiveSummary
The computed 12-month bankruptcy probability of M3 TRANS is 1.6% (moderate). The annual accounts of M3 TRANS for fiscal year 2025 show a net loss of 75% of the equity at the start of that year. The 2025 annual accounts show equity of €5,812 and a net result of -€17,001. Equity is shrinking by ~10.8% per year across the filed fiscal years. Its solvency ranks better than 21% of 4735 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability34▼-3
Solvency33▼-43
Growth30▼-4
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.3 against 16.32 in 2024; short-term debt: 76.9% and cash: 27.9% of total assets), and 92% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six 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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
8%
Return on assets
-23.4%
Age of the figures
9 mo
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€17,001
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 4735 sector peers (2025).
NBB · sector comparisonPosition among 4735 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
19 d late
2023
110 d late
2022
140 d late
2021
13 d early
2020
61 d late
2019
111 d late
← 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 66 days after 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 31 August (4 of the last 5 filed years within 80 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
€92,730▼ 8.7%
2024 · €101,612
EBIT margin
-17.9%▼ 18.3pp
2024 · 0.4%
Net result
-€17,001▼ 39,045%
2024 · -€43
Working capital
€16,706▼ 42.0%
2024 · €28,823
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€100,172€92,528▼ 7.6%€101,612▲ 9.8%€92,730▼ 8.7%
Operating result-€8,971▼ 107%€21,621-€9,333€381-€16,623
Net result-€10,473below the sector's middle half▼ 140%€20,215within the sector's middle half-€9,439below the sector's middle half-€43within the sector's middle half▲ 99.5%-€17,001below the sector's middle half▼ 39,045%
EBIT margin21.6%-10.1%▼ 31.7pp0.4%▲ 10.5pp-17.9%▼ 18.3pp
Equity€12,080within the sector's middle half▼ 46.4%€32,295within the sector's middle half▲ 167%€22,856within the sector's middle half▼ 29.2%€22,812within the sector's middle half▼ 0.2%€5,812below the sector's middle half▼ 74.5%
Total assets€15,932below the sector's middle half▼ 38.6%€76,370within the sector's middle half▲ 379%€61,296within the sector's middle half▼ 19.7%€44,518within the sector's middle half▼ 27.4%€72,727within the sector's middle half▲ 63.4%
Debt€3,853▲ 14.1%€44,075▲ 1,044%€38,441▼ 12.8%€21,706▼ 43.5%€66,916▲ 208%
Working capital€12,020within the sector's middle half▼ 8.7%€42,289within the sector's middle half▲ 252%€37,803within the sector's middle half▼ 10.6%€28,823within the sector's middle half▼ 23.8%€16,706within the sector's middle half▼ 42.0%
Solvency75.8%above the sector's middle half▼ 11.2pp42.3%within the sector's middle half▼ 33.5pp37.3%within the sector's middle half▼ 5.0pp51.2%within the sector's middle half▲ 14.0pp8.0%below the sector's middle half▼ 43.3pp
Current ratio4.12above the sector's middle half▼ 0.787.49above the sector's middle half▲ 3.374.90above the sector's middle half▼ 2.5816.32above the sector's middle half▲ 11.411.30within the sector's middle half▼ 15.02
Return on assets (ROA)-65.7%below the sector's middle half▼ 48.9pp26.5%above the sector's middle half▲ 92.2pp-15.4%below the sector's middle half▼ 41.9pp-0.1%within the sector's middle half▲ 15.3pp-23.4%below the sector's middle half▼ 23.3pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €16,623 after €381 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €72,727
Fixed assets
€64 ▼ 99.5%
Current assets
€72,663 ▲ 137%
Equity and liabilities €72,727
Equity
€5,812 ▼ 74.5%
Debt
€66,916 ▲ 208%
Debt's share of the balance-sheet total rises from 48.8% to 92.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1,674
Cash flow
€1,296
Debt to equity
11.51▲
2024 · 0.95
ROE
-292.5%▼
2024 · -0.2%
Interest coverage
4.43
Debt ≤ 1 year
€55,958▲
2024 · €1,882
Debt > 1 year
€10,958▼
2024 · €19,824
Staff costs
€31,081▲
2024 · €27,962
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 642 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
3.6%
went bankrupt
5.5%
stopped otherwise
90%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% 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 642 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €100,172 | €92,528 | €101,612 | €92,730 | ▼ 8.7% |
| Non-recurring operating income76A | - | - | - | €3,046 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €58,003 | €87,438 | €74,885 | €61,796 | ▼ 17.5% |
| Remuneration, social security and pensions62 | - | - | - | €27,962 | €31,081 | ▲ 11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,325 | €13,749 | €13,749 | - | €18,297 | - |
| Other operating charges640/8 | €2,173 | €6,799 | €675 | €2,637 | €688 | ▼ 73.9% |
| Gross operating margin9900 | €2,526 | €42,169 | €5,090 | €30,980 | €33,442 | ▲ 7.9% |
| Operating profit (loss)9901 | -€8,971 | €21,621 | -€9,333 | €381 | -€16,623 | ▼ 4,466% |
| Financial income75/76B | - | €3 | €0 | - | €0 | - |
| Recurring financial income75 | - | €3 | €0 | - | €0 | - |
| Financial charges65/66B | €124 | €1,409 | €106 | €424 | €378 | ▼ 10.9% |
| Recurring financial charges65 | €124 | €1,409 | €106 | €424 | €378 | ▼ 10.9% |
| Profit (loss) for the period before taxes9903 | -€9,095 | €20,215 | -€9,439 | -€43 | -€17,001 | ▼ 39,045% |
| Income taxes67/77 | €1,378 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€10,473 | €20,215 | -€9,439 | -€43 | -€17,001 | ▼ 39,045% |
| Profit (loss) for the period to be appropriated9905 | -€10,473 | €20,215 | -€9,439 | -€43 | -€17,001 | ▼ 39,045% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €15,932 | €76,370 | €61,296 | €44,518 | €72,727 | ▲ 63.4% |
| Fixed assets21/28 | €60 | €27,561 | €13,813 | €13,813 | €64 | ▼ 99.5% |
| Tangible fixed assets22/27 | - | €27,501 | €13,753 | €13,753 | €4 | ▼ 100.0% |
| Furniture and vehicles24 | - | €27,501 | €13,753 | €13,753 | €4 | ▼ 100.0% |
| Financial fixed assets28 | €60 | €60 | €60 | €60 | €60 | = |
| Current assets29/58 | €15,872 | €48,808 | €47,484 | €30,705 | €72,663 | ▲ 137% |
| Amounts receivable within one year40/41 | €7,782 | €13,651 | €20,658 | €15,950 | €52,405 | ▲ 229% |
| Trade receivables40 | €6,063 | €8,677 | €12,612 | €8,648 | €39,369 | ▲ 355% |
| Other amounts receivable41 | €1,719 | €4,974 | €8,046 | €7,302 | €13,037 | ▲ 78.5% |
| Cash at bank and in hand54/58 | €8,090 | €31,302 | €26,826 | €14,755 | €20,258 | ▲ 37.3% |
| Deferred charges and accrued income490/1 | - | €3,855 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €15,932 | €76,370 | €61,296 | €44,518 | €72,727 | ▲ 63.4% |
| Equity10/15 | €12,080 | €32,295 | €22,856 | €22,812 | €5,812 | ▼ 74.5% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Outside capital11 | €6,200 | - | - | - | - | - |
| Other1109/19 | €6,200 | - | - | - | - | - |
| Reserves13 | €1,423 | €1,423 | €1,423 | €1,423 | €1,423 | = |
| Non-distributable reserves130/1 | €1,423 | €1,423 | €1,423 | €1,423 | €1,423 | = |
| Reserves not available under the articles1311 | €1,423 | €1,423 | €1,423 | €1,423 | €1,423 | = |
| Profit (loss) carried forward14 | €4,456 | €24,672 | €15,232 | €15,189 | -€1,812 | ▼ 112% |
| Amounts payable17/49 | €3,853 | €44,075 | €38,441 | €21,706 | €66,916 | ▲ 208% |
| Amounts payable after more than one year17 | - | €37,556 | €28,690 | €19,824 | €10,958 | ▼ 44.7% |
| Financial debts170/4 | - | €37,556 | €28,690 | €19,824 | €10,958 | ▼ 44.7% |
| Amounts payable within one year42/48 | €3,853 | €6,519 | €9,681 | €1,882 | €55,958 | ▲ 2,874% |
| Trade debts44 | €1,821 | €3,394 | €963 | €1,631 | €37,958 | ▲ 2,227% |
| Suppliers440/4 | €1,821 | €3,394 | €963 | €1,631 | €37,958 | ▲ 2,227% |
| Taxes, remuneration and social security45 | - | €3,125 | €8,718 | €251 | - | - |
| Taxes450/3 | - | €3,125 | €8,718 | - | - | - |
| Remuneration and social security454/9 | - | - | - | €251 | - | - |
| Other amounts payable47/48 | €2,032 | - | - | - | €18,000 | - |
| Accrued charges and deferred income492/3 | - | - | €70 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,473 | €20,215 | -€9,439 | -€43 | -€17,001 | ▼ 39,045% |
| + Depreciation and write-downs630 | €9,325 | €13,749 | €13,749 | - | €18,297 | - |
| Operating cash flow (approximation) | -€1,148 | €33,964 | €4,309 | -€43 | €1,296 | ▲ 3,084% |
| Investment in fixed assets (approximation) | - | -€41,250 | €0 | €0 | -€4,548 | - |
| Change in cash | - | €23,212 | -€4,476 | -€12,071 | €5,503 | ▲ 146% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
10-06
State Gazette act
Resignation: EL MAHRAD Mehdi (director)Appointment: EL MAHRAD Chakir (director) · Shareholding · Share transfer7 facts ▸
State Gazette act
Resignation: EL MAHRAD Mehdi (director)
Appointment: EL MAHRAD Chakir (director) · Shareholding · Share transfer7 facts ▸
- General meeting, 27-04-2026
- Shareholding, 27-04-2026, 750
- Director resignation, EL MAHRAD Mehdi (director)
- Director appointment, EL MAHRAD Chakir (director)
- Share transfer, EL MAHRAD Mehdi → EL MAHRAD Chakir
- Shareholding, 27-04-2026, 5
- Shareholding, 27-04-2026, 745
2025
31-12
Financial
Weakest financial yearnet -€17,001
Net result drops to -€17,001, the lowest in the series.
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 16.32
Current ratio from 4.90 to 16.32; short-term debt falls from €9,681 to €1,882.
18-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 110 days late
2023
18-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 140 days late
2022
31-12
Financial
Back to profitnet €20,215
Net result €20,215 after 3 loss-making years.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 4.90
Current ratio from 1.49 to 4.90; short-term debt falls from €14,948 to €3,378.
19-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 111 days late
Show earlier events
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
04-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 126 days late
2017
20-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 51 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not 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
1 director, last change in 2026
EL MAHRAD Chakir
CurrentDirector · since 10-06-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Mechelen · 1 establishment unit since 2013
Ground area
137 m²
Building footprint
77 m²
Volume, LiDAR
539 m³
Parcel 12025A0381/00G000, Flanders · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
M3 TRANS
since 20132.219.702.864
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12025A0381/00G000 | Flanders | 137 m² | 1 · 77 m² | 10.9 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.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| EL MAHRAD Chakir |
|
| EL MAHRAD Mehdi |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 10-06-2026 ↗
- EL MAHRAD Mehdi 750 shares
- EL MAHRAD Chakir 745 shares
Share transfer
act of 10-06-2026 ↗
- EL MAHRAD Mehdi to EL MAHRAD Chakir 745 shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Similar companies · same sector, comparable size
SANE GROUPE
BE 0691.746.392
Elsene · Eq €5,811
AMRAN TRANS
BE 1019.310.543
Sint-Joost-ten-Node · Eq €5,809
BBC & Co
BE 0839.238.258
Koekelberg · Eq €5,803
SEH GROUP
BE 0784.208.574
Antwerpen · Eq €5,799
NIKO COMPANY
BE 0799.741.145
Brussel · Eq €5,827
Of 6,680 companies in this sector we hold annual accounts for 2,305. 1,808 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded11-06-2013
Fiscal year end31-12
Activities, NACEBEL 2025
49330On-demand passenger transport by chauffeured vehicle
E-invoicing
Reachable via Peppol
Peppol ID
0208:0535660823
Also
9925:BE0535660823
Registered
29-07-2026
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.