PAUL - TRANS
ActivePAUL - TRANS has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.51M and a net result of €309k. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 83% of 1832 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▲+1
Solvency97▲+9
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 2.31 against 2.1 in 2024; short-term debt: 21.1% and cash: 15.4% of total assets), and 28.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
71.8%
Return on assets
14.7%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.51M
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
55 d early
2023
58 d early
2022
61 d early
2021
31 d early
2020
33 d early
2019
1 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.51M▲ 17.8%
2024 · €1.28M
2018: €1.29M
2019: €1.34M
2020: €1.21M
2021: €982k
2022: €938k
2023: €1.07M
2024: €1.28M
2018 → 2025
Total assets
€2.10M▲ 3.3%
2024 · €2.04M
2018: €2.32M
2019: €1.99M
2020: €1.65M
2021: €1.83M
2022: €1.60M
2023: €1.86M
2024: €2.04M
2018 → 2025
Net result
€309k▲ 7.2%
2024 · €289k
2018: €118k
2019: €136k
2020: €112k
2021: €268k
2022: €36k
2023: €217k
2024: €289k
2018 → 2025
Working capital
€580k▼ 8.7%
2024 · €635k
2018: €734k
2019: €788k
2020: €763k
2021: €768k
2022: €831k
2023: €591k
2024: €635k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€982k-€938k▼ 4.6%€1.07M▲ 14.5%€1.28M▲ 19.4%€1.51M▲ 17.8%
Operating result€329k-€65k▼ 80.4%€293k▲ 353%€388k▲ 32.3%€411k▲ 5.8%
Net result€268k-€36k▼ 86.6%€217k▲ 505%€289k▲ 33.0%€309k▲ 7.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 6% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.10M
Fixed assets
€1.08M▲ 31.1%
Current assets
€1.02M▼ 15.5%
Equity and liabilities €2.10M
Equity
€1.51M▲ 17.8%
Debt
€593k▼ 21.3%
The debt ratio falls from 37.0% to 28.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€697k▲
2024 · €601k
Cash flow
€595k▲
2024 · €502k
Solvency
71.8%▲
2024 · 63.0%
Current ratio
2.31▲
2024 · 2.10
Quick ratio
2.31▲
2024 · 2.10
Debt / equity
0.39▼
2024 · 0.59
ROE
20.5%▼
2024 · 22.5%
ROA
14.7%▲
2024 · 14.2%
Interest coverage
44.97▲
2024 · 39.18
Debt
€593k▼
2024 · €754k
Debt ≤ 1 year
€444k▼
2024 · €577k
Debt > 1 year
€143k▼
2024 · €170k
Income taxes
€89k▼
2024 · €91k
Staff costs
€505k▼
2024 · €612k
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€2.04M€2.10M▲
Fixed assets21/28€824k€1.08M▲
Tangible fixed assets22/27€823k€1.08M▲
Land and buildings22€34k€40k▲
Plant, machinery and equipment23€18k€11k▼
Furniture and vehicles24€771k€1.03M▲
Financial fixed assets28€630€630=
Current assets29/58€1.21M€1.02M▼
Amounts receivable within one year40/41€728k€680k▼
Trade receivables40€676k€616k▼
Other amounts receivable41€52k€64k▲
Cash at bank and in hand54/58€447k€324k▼
Deferred charges and accrued income490/1€37k€20k▼
Equity and liabilities
Total equity and liabilities10/49€2.04M€2.10M▲
Equity10/15€1.28M€1.51M▲
Contributions10/11€19k€19k=
Reserves13€1.26M€1.49M▲
Tax-exempt reserves132€189k€189k=
Distributable reserves133€1.07M€1.30M▲
Amounts payable17/49€754k€593k▼
Amounts payable after more than one year17€170k€143k▼
Financial debts170/4€170k€143k▼
Amounts payable within one year42/48€577k€444k▼
Current portion of amounts payable after more than one year42€127k€128k▲
Trade debts44€260k€150k▼
Suppliers440/4€260k€150k▼
Taxes, remuneration and social security45€93k€73k▼
Taxes450/3€38k€25k▼
Remuneration and social security454/9€55k€48k▼
Other amounts payable47/48€96k€93k▼
Accrued charges and deferred income492/3€7k€6k▼
Income statement
Code20242025
Non-recurring operating income76A€9k€22k▲
Remuneration, social security and pensions62€612k€505k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€213k€286k▲
Other operating charges640/8€13k€11k▼
Gross operating margin9900€1.23M€1.21M▼
Operating profit (loss)9901€388k€411k▲
Financial income75/76B€7k€4k▼
Recurring financial income75€7k€4k▼
Financial charges65/66B€15k€15k▲
Recurring financial charges65€15k€15k▲
Profit (loss) for the period before taxes9903€380k€399k▲
Income taxes67/77€91k€89k▼
Profit (loss) for the period9904€289k€309k▲
Profit (loss) for the period to be appropriated9905€289k€309k▲
Appropriation of the result
Profit (loss) to be appropriated9906€289k€309k▲
Transfer from equity791/2€81k€81k=
Transfer to equity691/2€289k€309k▲
To other reserves6921€289k€309k▲
Profit to be distributed694/7€81k€81k=
Return on contributions (dividend)694€81k€81k=
Social balance
Average headcount (FTE)908713.010.7▼
The notes to these accounts (12 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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €309k ▲7.2%
Operating result €411k, net result €309k, both a record.
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €1MEq €1.07M ▲14.5%
6 profitable years in a row build equity to €1.07M.
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €36k ▼86.6%
Net result drops to €36k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
06-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 37 days late
2018
28-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
02-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Assenede · 1 establishment unit since 1979
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.
Nieuwburgstraat 89960 AssenedeGround area
2,078 m²
Building footprint
179 m²
Volume, LiDAR
881 m³
Parcel 43002D0741/00R000, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Nieuwburgstraat 8 A, 9960 Assenede
since 19792.036.068.897
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43002D0741/00R000 | Flanders | 2,078 m² | 1 · 179 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
2022 to 2025 · 3 entries · 4,105 EUR awarded · 3,746 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 359 EUR | 0 EUR |
| 2023 | 1 | 3,000 EUR | 3,000 EUR |
| 2022 | 1 | 746 EUR | 746 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,603 companies in sector 49410 we hold annual accounts for 8,196. 3,482 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-12-1978
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 47 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.