MAHITRANS
ActiveMAHITRANS has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €221k and a net result of €14k. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 92% of 4472 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
94
/ 100
Excellent▲ +42 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability31▲+31
Solvency100=
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 6.11 against 6.0 in 2024), and 10.6% of the assets are financed with debt.
Credit advice for your own amount and term
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
Sector 49
higher
← 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 2025Solvency, return and age of the figures
Solvency
89.4%
Return on assets
5.6%
Age of the figures
8 mo
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
31 d late
2023
2 d early
2022
on the day
2021
33 d early
2020
26 d early
2019
46 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€221k▲ 6.6%
2024 · €207k
2018: €202k
2019: €202k
2020: €199k
2021: €215k
2022: €222k
2023: €238k
2024: €207k
2018 → 2025
Total assets
€247k▲ 8.7%
2024 · €227k
2018: €228k
2019: €239k
2020: €224k
2021: €245k
2022: €265k
2023: €268k
2024: €227k
2018 → 2025
Net result
€14k
2024 · €-31k
2018: €2k
2019: €505
2020: €-3k
2021: €16k
2022: €7k
2023: €16k
2024: €-31k
2018 → 2025
Working capital
€134k▲ 34.2%
2024 · €100k
2018: €91k
2019: €67k
2020: €79k
2021: €93k
2022: €115k
2023: €151k
2024: €100k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€215k-€222k▲ 3.0%€238k▲ 7.2%€207k▼ 13.0%€221k▲ 6.6%
Operating result€24k-€10k▼ 59.1%€23k▲ 130%€-31k€13k
Net result€16k-€7k▼ 59.1%€16k▲ 145%€-31k€14k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €13k after a loss of €31k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €247k
Fixed assets
€87k▼ 19.0%
Current assets
€160k▲ 33.7%
Equity and liabilities €247k
Equity
€221k▲ 6.6%
Debt
€26k▲ 30.5%
The debt ratio rises from 8.8% to 10.6%: debt grows faster than equity.
Key figures and ratios
EBITDA
€33k▲
2024 · €-21k
Cash flow
€34k▲
2024 · €-21k
Solvency
89.4%▼
2024 · 91.2%
Current ratio
6.11▲
2024 · 6.00
Quick ratio
6.06▲
2024 · 5.95
Debt / equity
0.12▲
2024 · 0.10
ROE
6.2%▲
2024 · -14.9%
ROA
5.6%▲
2024 · -13.6%
Interest coverage
70.72▲
2024 · -44.34
Debt
€26k▲
2024 · €20k
Debt ≤ 1 year
€26k▲
2024 · €20k
Income taxes
€2k▲
2024 · €379
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€227k€247k▲
Fixed assets21/28€107k€87k▼
Tangible fixed assets22/27€107k€87k▼
Land and buildings22€76k€69k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€28k€17k▼
Financial fixed assets28€13€13=
Current assets29/58€119k€160k▲
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Stocks and contracts in progress3€1k€1k▲
Stocks30/36€1k€1k▲
Amounts receivable within one year40/41€14k€20k▲
Trade receivables40€10k€16k▲
Other amounts receivable41€4k€4k=
Current investments50/53€78k€50k▼
Cash at bank and in hand54/58€23k€85k▲
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€227k€247k▲
Equity10/15€207k€221k▲
Contributions10/11€102k€102k=
Reserves13€105k€119k▲
Distributable reserves133€105k€119k▲
Amounts payable17/49€20k€26k▲
Amounts payable within one year42/48€20k€26k▲
Trade debts44€8k€11k▲
Suppliers440/4€8k€11k▲
Taxes, remuneration and social security45€3k€4k▲
Taxes450/3€3k€4k▲
Other amounts payable47/48€9k€11k▲
Accrued charges and deferred income492/3€140€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€20k▲
Other operating charges640/8€4k€4k▲
Gross operating margin9900€-17k€37k▲
Operating profit (loss)9901€-31k€13k▲
Financial income75/76B€790€3k▲
Recurring financial income75€790€3k▲
Financial charges65/66B€463€468▲
Recurring financial charges65€463€468▲
Profit (loss) for the period before taxes9903€-30k€15k▲
Income taxes67/77€379€2k▲
Profit (loss) for the period9904€-31k€14k▲
Profit (loss) for the period to be appropriated9905€-31k€14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-31k€14k▲
Transfer from equity791/2€31k€0▼
Transfer to equity691/2€0€14k▲
To other reserves6921€0€14k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
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
2025
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet €-31k ▼292%
Net result drops to €-31k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €16k ▲145%
Net result €16k, the highest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
31-12
Financial
Equity above €200kEq €215k ▲8%
Equity rises from €199k to €215k.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2023
VANKEIRSBILCK Marc
CurrentNon-statutory director · since 09-11-2023
09-11-2023
Resigned as Manager
09-11-2023
Appointed as Non-statutory director
Location & real-estate footprint
Registered office, Ingelmunster · 1 establishment unit since 1994
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Duikerstraat 27B8770 IngelmunsterGround area
2,144 m²
Building footprint
351 m²
Volume, LiDAR
1,701 m³
2 parcels, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MAHITRANS
since 19942.067.158.189
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36007D0153/00E000 | Flanders | 1,134 m² | 1 · 181 m² | 8.9 m · 2 fl. |
| 36007D0150/00F000 | Flanders | 1,011 m² | 1 · 170 m² | 8.8 m · 1 fl. |
Linked by address, not proof of ownership
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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 197 EUR awarded · 197 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 197 EUR | 197 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
Cawetrans
BE 0769.439.929
Zwevegem · Eq €221k
LIV SERVICES
BE 0862.422.941
Sint-Lambrechts-Woluwe · Eq €221k
Transport Marc en Kasper Van De Wiele
BE 0635.893.792
Zele · Eq €221k
3N
BE 0542.344.420
Machelen (Brab.) · Eq €221k
Total Transport Logistics
BE 0470.641.426
Lichtervelde · Eq €221k
Of 12,446 companies in sector 49410 we hold annual accounts for 8,087. 6,051 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-06-1994
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.