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Complete company report
Generated 12-08-2026
Active BE 0849.906.575Private limited companyOpen bankruptcy

Mico Trans

· 13 yrs active
Sector: Goederenvervoer over de weg (49410)
Conclusion Checked

A bankruptcy procedure is open for Mico Trans according to publications in the Belgian State Gazette. The file additionally contains 1 administrative flag. The 2020 annual accounts show negative equity (€-30k) and a net result of €-47k.

Based on the State Gazette, CBE and 2 annual accounts.
Key figures
Equity €-30k
Net result €-47k
Better than sector 8%
Active 13 yrs
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health0Profitability100Solvency0Growth32Stability0
26 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 100
Solvency 0
Growth 32
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 Flags 1 events
Address struck
Health barometer FY 2020 · computed
0 / 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.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

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Computed by Checked from the NBB filing for FY 2020 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview6 NBB filings
Annual accounts filed on 16-07-2021 with the NBB · fiscal year 2020 · micro
€-50k€0€50k€100kRevenue 2018: €104k€104kOperating result 2018: €8k€8kNet result 2018: €-304€-304Operating result 2020: €8k€8kNet result 2020: €-47k€-47k20182020
RevenueOperating resultNet result
Sector comparison
Fiscal year 2020 · NACE 49, Land transport · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -78.7% 31.4%
better than 8% of 458 sector peers
Net result €7k €2k
better than 64% of 455 sector peers
Equity €-30k €20k
better than 8% of 458 sector peers
Gross operating margin €49k €20k
better than 66% of 453 sector peers
Total assets €38k €73k
better than 32% of 458 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€104k
- 18-20
EBITDA
€14k
- 18-20
Net profit
€-47k
-15432.1% 18-20
Cash flow
€-41k
- 18-20
Total assets
€38k
-35.8% 18-20
Equity
€-30k
- 18-20
Working capital
€-49k
-809.7% 18-20
Income taxes
€1
- 18-20
Debt
€69k
+59.2% 18-20
Debt ≤ 1y
€69k
+69.8% 18-20
Debt > 1y
€3k
- 18-20
Current ratio
0.28
-67.4% 18-20
Quick ratio
0.28
-67.4% 18-20
Solvency
-78.7%
- 18-20
Debt / equity
0.16
- 18-20
ROE
156.5%
- 18-20
ROA
-123.1%
-24107.9% 18-20
Net margin
-0.3%
- 18-20
Figures by fiscal year
Fiscal year2020
Depositmicro
Revenue-
EBITDA€14k
Net profit€-47k
Cash flow€-41k
Staff costs-
Income taxes€1
Dividends-
Total assets€38k
Equity€-30k
Debt€69k
of which ≤ 1y€69k
of which > 1y-
Working capital€-49k
Employees (FTE)-
Ratios (computed)
2020
Current ratio0.28
Quick ratio0.28
Working capital ratio-128.2%
Solvency-78.7%
Debt / equity-
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA-123.1%
ROE156.5%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2020
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2020
Balance sheet, Assets
TOTAL ASSETS 20/58€38k
Fixed assets 21/28€19k
Financial fixed assets 28€19k
Current assets 29/58€19k
Amounts receivable within one year 40/41€6k
Cash & bank 54/58€13k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€38k
Equity 10/15€-30k
Contributions / capital 10/11€15k
Reserves 13€2k
Accumulated profits (losses) 14€-47k
Amounts payable 17/49€69k
Amounts payable within one year 42/48€69k
Trade debts payable within one year 44€32k
Income statement
Gross operating margin 9900€49k
Operating result 9901€8k
Financial income 75€6
Financial charges 65€374
Result before taxes 9903€7k
Income taxes 67/77€1
Net result for the period 9904€7k
Result to be appropriated 9905€7k
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 2 directors
Current directors & mandates
  • CETINKAYA Ahmet
    Director
    State Gazette act 22061924 (23-05-2022)
    Current
    03-05-2022 → present
Former directors (1)
  • MAAS Michel
    Director
    State Gazette act 22061924 (23-05-2022)
    Former
    - → 03-05-2022
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 & mandates2 persons
Role Name Tenure Source
Curator VIOLAINE DEVYVER
QUAI MARCELLIS 7, 4020 LIEGE 2
 27-07-2023 → present Belgian State Gazette
Curator LAURA NICOLINI
RUE HAUTE ROGNAC 169, 4400 FLEMALLE
 27-07-2023 → present Belgian State Gazette
Legal Structure
NACE primary Goederenvervoer over de weg(49410)
Legal form Private limited company(610)
Incorporation25-10-2012
StatusActive
Postal code-
First BS signal 02-08-2023
Latest BS signal 02-08-2023
Establishment units 1 location
THE HEARTS
Rue J. Kurtz 2, 4801 VerviersGoederenvervoer per spoor
since 20182.276.519.922
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.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62313E1102/00T002 Wallonia 301 m² 1 · 140 m² 9.6 m · 3 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 11 events

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

2023
08-12-2023
KBO administration Address struck
02-08-2023
Bankruptcy Opening
Tribunal de l’entreprise de Liège, division Liège · MICO TRANS SRL RUE MARTIN HERMAN 54/12, 4040 HERSTAL · event 27-07-2023
01-02-2023
State Gazette act Registered-office change
Hervé BEHAEGEL
2022
23-05-2022
State Gazette act Capital & shares
2021
16-07-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2019
21-12-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2017
30-08-2017
NBB filing Annual accounts filed
fiscal year 2016 · volledig
2016
22-03-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
2015
26-02-2015
NBB filing Annual accounts filed
fiscal year 2014 · volledig
2014
04-04-2014
NBB filing Annual accounts filed
fiscal year 2013 · volledig
Lifecycle & Insolvency Signals 2 events
08-12-2023
KBO administration Address struck
 · Publications in State Gazette ↗
02-08-2023
Bankruptcy Opening
Date: 27-07-2023 · Tribunal de l’entreprise de Liège, division Liège · MICO TRANS SRL RUE MARTIN HERMAN 54/12, 4040 HERSTAL · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262023-08-02 · Bankruptcy · Opening2023-12-08 · KBO administration · Address struck
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 2 acts
Capital history · 1
23-05-2022
Capital change
Address history · 1
01-02-2023
Registered-office move
All acts · 2 updated 3 years ago
2023
01-02-2023 Registered office moved from Estaimpuis to Herstal Registered-office change·Hervé BEHAEGEL
  • Chaussée de Dottignies(EST) 2/4 : 7730 Estaimpuis → 4040 Herstal, Rue Martin Herman 54 boîte 12
Notary: Hervé BEHAEGEL · Saint-Gilles
Technical details 
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        "street_number": "54",
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        "city": "Uccle",
        "region": "brussels_hoofdstedelijk_gewest",
        "street": "Avenue Kersbeek",
        "country": "BE",
        "postcode": "1180",
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  "notary": {
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  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2023-02-01",
    "filing_date": "2023-01-29",
    "act_kind_objet": "SIEGE SOCIAL, DENOMINATION"
  },
  "decision": {
    "body": "assembl\u00E9e g\u00E9n\u00E9rale extraordinaire des actionnaires",
    "date": "2022-10-20",
    "unanimous": true
  },
  "subject_company": {
    "kbo": "0849.906.575",
    "name_full": "TRANSPORTS MAAS",
    "legal_form": "SRL"
  },
  "publication_proxy": {
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    "org_kbo": null,
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    "org_rep_person_name": null,
    "person_role_at_subject": "Notaire"
  },
  "co_filed_documents": [
    "exp\u00E9dition de l\u2019acte",
    "statuts coordonn\u00E9s"
  ]
}
2022
23-05-2022 All shares are now held by a single shareholder Capital & shares
Technical details 
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    "under_authorized_capital": false,
    "underlying_resolution_date": "2022-05-03"
  },
  "bedrijfsrevisor": null,
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Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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Company registry (CBE) Crossroads Bank
Activities
Goederenvervoer over de weg, m.u.v. verhuisbedrijven49410Goederenvervoer over de weg49410
Primary activity highlighted.
Names & trade names
Legal nameFR Mico Trans
Registration history
  1. 08-12-2023 Address struck
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative