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NINATRANS

Active
Public limited companyfounded 197947 yrs activeGeldenaaksebaan 489, 3001 Leuven, BelgiumKBO/BCE: BE 0419.272.206
Summary

The computed 12-month bankruptcy probability of NINATRANS is 1.8% (moderate). The 2025 annual accounts show equity of €3.9m and a net result of -€869,566. Equity is shrinking by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 18% of 1000 sector peers (fiscal year 2025). The company has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
NINATRANSActiveChecked score 53/100
Risk analysis ReportCompare

Overview

Activity
Freight transport by road
NACE 49410NACE 60242
#1 company by total assets in Leuven, Transport and storage sector1 site
Size
€30.8mturnover 2025
Staff
91.3 FTE
Equity
€3.9m
Loss
-€869,566
Financial health
53 Fair Checked score 2025
Bankruptcy chance 12 m
1.8%
Structure
Parent
BEKAS GROUP · 99.99%
Holdings
4
Accounts filed 39 d late0 of 15 deeds read
Why 53- Liquidity: current ratio 0.52, cash €13,221, halved- Equity €3.9m (13.2% of total assets)- Sector Land transport and transport via pipelines (NACE 49)- Latest accounts 39 days late; 1 of the last 3 lateShow the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 23% of its sector peers (NACE 49, medium-sized)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 38-7
equity 13.2% of total assets
Liquidity 19-10
short-term debt 59.3% · cash 0.0%
Profitability 34-17
return on assets -2.9%
Bankruptcy probability, 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (272 companies)
Last 24 months 11-2024: 0.5% 12-2024: 0.5%● 0.0% vs 11-2024 01-2025: 0.5%● 0.0% vs 12-2024 02-2025: 0.5%▼ -3.4% vs 01-2025lowest value 03-2025: 0.5%▲ +1.5% vs 02-2025 04-2025: 0.5%▲ +1.9% vs 03-2025 05-2025: 0.5%▲ +4.7% vs 04-2025 06-2025: 0.5%▲ +2.9% vs 05-2025 07-2025: 0.6%▲ +20.9% vs 06-2025 08-2025: 1.1%▲ +72.1% vs 07-2025 09-2025: 0.8%▼ -28.0% vs 08-2025 10-2025: 0.8%● 0.0% vs 09-2025 11-2025: 0.8%● 0.0% vs 10-2025 12-2025: 0.8%● 0.0% vs 11-2025 01-2026: 0.8%● 0.0% vs 12-2025 02-2026: 0.8%▼ -3.4% vs 01-2026 03-2026: 0.8%● 0.0% vs 02-2026 04-2026: 0.8%▼ -1.3% vs 03-2026 05-2026: 0.8%▲ +1.3% vs 04-2026 06-2026: 0.8%▲ +2.1% vs 05-2026 07-2026: 0.8%▲ +4.7% vs 06-2026 08-2026: 1.4%▲ +75.2% vs 07-2026 09-2026: 1.8%▲ +24.8% vs 08-2026 10-2026: 1.8%▲ +1.2% vs 09-2026highest value
  • Liquidity: current ratio 0.52, cash €13,221, halved raises the probability
  • Equity €3.9m (13.2% of total assets) raises the probability
  • Sector Land transport and transport via pipelines (NACE 49) raises the probability
  • Latest accounts 39 days late; 1 of the last 3 late raises the probability
Credit up to €200,000 at 30 days acceptable
Liquidity short (current ratio 0.52 against 0.85 in 2024; short-term debt: 59.3% and cash: 0% of total assets), and 86.8% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 49, medium-sized). Better than this share of them on solvency 21%, liquidity 21%, profitability 14%, growth against the median 35%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Liquidity: current ratio 0.52, cash €13,221, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Equity €3.9m (13.2% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Sector Land transport and transport via pipelines (NACE 49)
In the bankruptcy model this factor raises the probability.
KBO
raises risk · Latest accounts 39 days late; 1 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 1000 sector peers (2025).
NBB · sector comparison
Position among 1000 sector peers
Solvency
better than 18%
← 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 08-09-2026, 39 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 filings
Deviation from the deadline
2025
39 d late
2024
20 d late
2023
8 d late
2022
19 d early
2021
5 d early
2020
24 d late
2019
18 d early
← 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 7 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 9 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Weakest financial yearnet -€869,566
  3. Annual accounts filedfiscal year 2024 · full…

Key points

  • Caution: From profit to loss in 2025after €43,838 in 2024 -€869,566 View
  • Caution: Among the weakest 5% on net resultsector median €51,305 · 1,000 companies -€869,566 View
  • Controlled by BEKAS GROUPitself parent of 4 companies 99.99% View
  • Positive: 3 years of growth in a rowturnover 2025: €30.8m 3 years View
  • Flemish supportawarded 2022 - 2025 €497,659 View
  • Active since 1979founded 27-02-1979 47 years View

By topic

Financials

Fiscal year
2025
Turnover
€30.8m
Loss
-€869,566
Solvency
13.2%
Turnover▲ 2.9%
Net result
20182025
Go to Financials

Timeline

Events
11
Since
2017
Next accounts
by 31-07-2027
  1. 08-09-2026Annual accounts filed
  2. 31-12-2025Weakest financial year
  3. 20-08-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Freight transport by roadNACE 49410
Founded
27-02-1979
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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 Is the workforce growing, and do people stay?Employer check 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 What other support did companies like this one receive, and it did not?Subsidies

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