ND TRANS
ActiveSummary
The computed 12-month bankruptcy probability of ND TRANS is 4.1% (elevated). The 2025 annual accounts show negative equity (-€6,544) and a net result of -€12,436. Equity is shrinking by ~44.4% per year across the filed fiscal years. Its solvency ranks better than 12% of 4695 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-77
Solvency13▼-27
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
4.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.61 against 0.5 in 2024; short-term debt: 111.4% and cash: 0.8% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
-12.2%
Return on assets
-23.2%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€6,544
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-09-2026, 38 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 · 7 filingsDeviation from the deadline
2025
38 d late
2024
13 d late
2023
163 d late
2022
41 d early
2021
324 d late
2020
on the day
2019
45 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 77 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€6,544
2024 · €5,892
Total assets
€53,705▲ 33.0%
2024 · €40,368
Net result
-€12,436
2024 · €2,582
Working capital
-€23,409▼ 39.4%
2024 · -€16,791
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
Line20212022202320242025
Operating result-€13,803-€1,503▲ 89.1%€5,214€2,630▼ 49.6%-€12,418
Net result-€15,912below the sector's middle half-€1,713below the sector's middle half▲ 89.2%€4,680within the sector's middle half€2,582within the sector's middle half▼ 44.8%-€12,436below the sector's middle half
Equity€343below the sector's middle half▼ 97.9%-€1,370below the sector's middle half€3,310below the sector's middle half€5,892below the sector's middle half▲ 78.0%-€6,544below the sector's middle half
Total assets€58,331below the sector's middle half▼ 45.4%€45,129below the sector's middle half▼ 22.6%€82,402within the sector's middle half▲ 82.6%€40,368below the sector's middle half▼ 51.0%€53,705within the sector's middle half▲ 33.0%
Debt€57,988▼ 36.0%€46,499▼ 19.8%€79,093▲ 70.1%€34,477▼ 56.4%€60,250▲ 74.8%
Working capital€443▼ 97.1%-€1,370-€26,000▼ 1,798%-€16,791▲ 35.4%-€23,409▼ 39.4%
Solvency0.6%below the sector's middle half▼ 14.6pp-3.0%below the sector's middle half▼ 3.6pp4.0%below the sector's middle half▲ 7.1pp14.6%within the sector's middle half▲ 10.6pp-12.2%below the sector's middle half▼ 26.8pp
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 or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €12,418 after €2,630 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €53,705
Fixed assets
€17,310 ▼ 25.7%
Current assets
€36,396 ▲ 113%
Key figures and ratios
EBITDA
-€6,418▼
2024 · €8,630
Cash flow
-€6,436▼
2024 · €8,582
Current ratio
0.61▲
2024 · 0.50
Debt to equity
-9.21▼
2024 · 5.85
ROA
-23.2%▼
2024 · 6.4%
Interest coverage
-17.27▼
2024 · 37.42
Debt ≤ 1 year
€59,804▲
2024 · €33,850
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,035 companies that looked in July 2024 the way this one looks now, 7.2% went bankrupt within 24 months and 82% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.2%
went bankrupt
8.2%
stopped otherwise
82%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 4.1% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 6,035 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €690 | €6,000 | €6,000 | = |
| Other operating charges640/8 | €5,837 | €753 | €159 | €2,118 | €1,944 | ▼ 8.2% |
| Gross operating margin9900 | -€7,965 | -€750 | €6,064 | €10,748 | -€4,474 | ▼ 142% |
| Operating profit (loss)9901 | -€13,803 | -€1,503 | €5,214 | €2,630 | -€12,418 | ▼ 572% |
| Financial income75/76B | €130 | - | €177 | €182 | €354 | ▲ 94.1% |
| Recurring financial income75 | €130 | - | €177 | €182 | €354 | ▲ 94.1% |
| Financial charges65/66B | €2,240 | €210 | €711 | €231 | €372 | ▲ 61.1% |
| Recurring financial charges65 | €2,240 | €210 | €711 | €231 | €372 | ▲ 61.1% |
| Profit (loss) for the period before taxes9903 | -€15,912 | -€1,713 | €4,680 | €2,582 | -€12,436 | ▼ 582% |
| Profit (loss) for the period9904 | -€15,912 | -€1,713 | €4,680 | €2,582 | -€12,436 | ▼ 582% |
| Profit (loss) for the period to be appropriated9905 | -€15,912 | -€1,713 | €4,680 | €2,582 | -€12,436 | ▼ 582% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €58,331 | €45,129 | €82,402 | €40,368 | €53,705 | ▲ 33.0% |
| Fixed assets21/28 | - | - | €29,310 | €23,310 | €17,310 | ▼ 25.7% |
| Tangible fixed assets22/27 | - | - | €29,310 | €23,310 | €17,310 | ▼ 25.7% |
| Furniture and vehicles24 | - | - | €29,310 | €23,310 | €17,310 | ▼ 25.7% |
| Current assets29/58 | €58,331 | €45,129 | €53,093 | €17,058 | €36,396 | ▲ 113% |
| Amounts receivable within one year40/41 | €58,331 | €45,081 | €51,742 | €17,012 | €35,087 | ▲ 106% |
| Trade receivables40 | €58,331 | €45,081 | €43,351 | €10,731 | €29,767 | ▲ 177% |
| Other amounts receivable41 | - | - | €8,391 | €6,281 | €5,320 | ▼ 15.3% |
| Current investments50/53 | - | - | - | - | €889 | - |
| Cash at bank and in hand54/58 | - | €48 | €1,351 | €46 | €420 | ▲ 808% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €58,331 | €45,129 | €82,402 | €40,368 | €53,705 | ▲ 33.0% |
| Equity10/15 | €343 | -€1,370 | €3,310 | €5,892 | -€6,544 | ▼ 211% |
| Contributions10/11 | €100 | €100 | €100 | €100 | €100 | = |
| Reserves13 | €16,156 | €16,156 | €16,156 | €16,156 | €16,156 | = |
| Distributable reserves133 | €16,156 | €16,156 | €16,156 | €16,156 | €16,156 | = |
| Profit (loss) carried forward14 | -€15,912 | -€17,625 | -€12,946 | -€10,364 | -€22,800 | ▼ 120% |
| Amounts payable17/49 | €57,988 | €46,499 | €79,093 | €34,477 | €60,250 | ▲ 74.8% |
| Amounts payable within one year42/48 | €57,888 | €46,499 | €79,093 | €33,850 | €59,804 | ▲ 76.7% |
| Current portion of amounts payable after more than one year42 | €10,281 | €5,794 | - | - | - | - |
| Trade debts44 | €1,691 | €1,691 | €45,122 | €3,748 | €15,070 | ▲ 302% |
| Suppliers440/4 | €1,691 | €1,691 | €45,122 | €3,748 | €15,070 | ▲ 302% |
| Taxes, remuneration and social security45 | €19,346 | €14,346 | - | €5,533 | €26,165 | ▲ 373% |
| Taxes450/3 | €19,346 | €14,346 | - | €5,533 | €5,753 | ▲ 4.0% |
| Remuneration and social security454/9 | - | - | - | - | €20,412 | - |
| Other amounts payable47/48 | €26,569 | €24,668 | €33,971 | €24,569 | €18,569 | ▼ 24.4% |
| Accrued charges and deferred income492/3 | €100 | - | - | €627 | €445 | ▼ 28.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,912 | -€1,713 | €4,680 | €2,582 | -€12,436 | ▼ 582% |
| + Depreciation and write-downs630 | - | - | €690 | €6,000 | €6,000 | = |
| Operating cash flow (approximation) | -€15,912 | -€1,713 | €5,370 | €8,582 | -€6,436 | ▼ 175% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €0 | - |
| Change in cash | - | - | €1,302 | -€1,304 | €374 | ▲ 129% |
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
07-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 38 days late
2025
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 13 days late
10-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 163 days late
2023
31-12
Financial
Back to profitnet €4,680
Net result €4,680 after 2 loss-making years.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 324 days late
2021
31-12
Financial
Weakest financial yearnet -€15,912
Net result drops to -€15,912, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2019net €12,375 ▲227%
Operating result €18,953, net result €12,375, both a record.
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 45 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Willebroek · 1 establishment unit since 2019
Ground area
1,631 m²
Building footprint
305 m²
Volume, LiDAR
1,710 m³
2 parcels, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ND TRANS
since 20192.290.923.432
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12036A0467/00M000 | Flanders | 1,130 m² | 1 · 191 m² | 8.1 m · 2 fl. |
| 12040A0305/00P005 | Flanders | 502 m² | 1 · 114 m² | 9.5 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,584 companies in sector 49410 we hold annual accounts for 8,199. 3,032 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
Founded26-06-2019
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
47811Retail sale of cars and light vans (up to 3.5 tonnes)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0728922633
Also
9925:BE0728922633
Registered
27-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.