RID TRANS
InactiveRID TRANS was declared bankrupt on 29-06-2023 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 22-10-2024, published in the Belgian State Gazette on 31-10-2024.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 2 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline27-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 30-12-2021, 152 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
152 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 122 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2020, micro schema
Turnover
€412,994▲ 20.4%
2019 · €342,919
EBIT margin
-0.4%▼ 4.0pp
2019 · 3.6%
Net result
-€9,575▼ 830%
2019 · -€1,030
Working capital
-€19,572▼ 85.6%
2019 · -€10,547
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020
Turnover€342,919-€412,994▲ 20.4%
Operating result€12,366--€1,677
Net result-€1,030--€9,575▼ 830%
EBIT margin3.6%--0.4%▼ 4.0pp
Equity€11,370-€2,595▼ 77.2%
Total assets€61,710-€147,756▲ 139%
Debt€50,340-€145,161▲ 188%
Working capital-€10,547--€19,572▼ 85.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €1,677 after €12,366 in 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €147,756
Fixed assets
€22,167 ▲ 1.1%
Current assets
€125,589 ▲ 216%
Equity and liabilities €147,756
Equity
€2,595 ▼ 77.2%
Debt
€145,161 ▲ 188%
Debt's share of the balance-sheet total rises from 81.6% to 98.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€10,073▼
2019 · €21,449
Cash flow
€2,175▼
2019 · €8,053
Current ratio
0.87▲
2019 · 0.79
ROE
-369.0%▼
2019 · -9.1%
ROA
-6.5%▼
2019 · -1.7%
Debt ≤ 1 year
€145,161▲
2019 · €50,340
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Turnover70 | €342,919 | €412,994 | ▲ 20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,083 | €11,750 | ▲ 29.4% |
| Gross operating margin9900 | €21,804 | €11,441 | ▼ 47.5% |
| Operating profit (loss)9901 | €12,366 | -€1,677 | ▼ 114% |
| Recurring financial income75 | - | €388 | - |
| Recurring financial charges65 | €12,996 | €7,600 | ▼ 41.5% |
| Profit (loss) for the period before taxes9903 | -€1,030 | -€9,575 | ▼ 830% |
| Profit (loss) for the period9904 | -€1,030 | -€9,575 | ▼ 830% |
| Profit (loss) for the period to be appropriated9905 | -€1,030 | -€9,575 | ▼ 830% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €61,710 | €147,756 | ▲ 139% |
| Fixed assets21/28 | €21,917 | €22,167 | ▲ 1.1% |
| Tangible fixed assets22/27 | €21,917 | €22,167 | ▲ 1.1% |
| Current assets29/58 | €39,793 | €125,589 | ▲ 216% |
| Amounts receivable within one year40/41 | €27,227 | €20,908 | ▼ 23.2% |
| Cash at bank and in hand54/58 | €211 | €3,262 | ▲ 1,446% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €61,710 | €147,756 | ▲ 139% |
| Equity10/15 | €11,370 | €2,595 | ▼ 77.2% |
| Contributions10/11 | €12,400 | - | - |
| Profit (loss) carried forward14 | -€1,030 | -€10,605 | ▼ 930% |
| Amounts payable17/49 | €50,340 | €145,161 | ▲ 188% |
| Amounts payable within one year42/48 | €50,340 | €145,161 | ▲ 188% |
| Trade debts44 | €34,180 | €143,610 | ▲ 320% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€1,030 | -€9,575 | ▼ 830% |
| + Depreciation and write-downs630 | €9,083 | €11,750 | ▲ 29.4% |
| Operating cash flow (approximation) | €8,053 | €2,175 | ▼ 73.0% |
| Investment in fixed assets (approximation) | - | -€12,000 | - |
| Change in cash | - | €3,051 | - |
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
2024
31-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · event 22-10-2024
2023
07-07
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 29-06-2023
2021
30-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 152 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
SignalNBB filing
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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | THIERRY BINDELLE RUE VAN EYCK 44 BTE 6,
1000 FR BRUXELLES-VILLE |
29-06-2023 → 22-10-2024 |