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RIGA TRANS

Active
Public limited companyfounded 1969active for 56 yearsLuithagen-Haven 9, 2030 Antwerpen, BelgiumKBO/BCE: BE 0406.919.156
Summary

RIGA TRANS has been active since 1969 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.7m and a net result of €17,583. Equity remains stable across the filed financial years (±2.1% per year). Its solvency ranks better than 89% of 1,064 sector peers (NACE 49, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Overview

Activity
Freight transport by road
NACE 49410
1 site
Size
€2.0mtotal assets 2025
Staff
31.3 FTE
Equity
€1.7m
Profit
€17,583
Financial health
83 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.4%
Structure
Parent
Katoen Natie Group SA
Auditor: Ernst & Young BedrijfsrevisorenAccounts 18 days early1 of 16 deeds read
Why 83raises riskLiquidity: current ratio 6.00Sector: Land transport and transport via pipelines (NACE 49)lowers riskEquity €1.7m (84.1% of total assets)Founded in 1969Show the evidence

Checked score

Score 2025
83 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 55% of its sector peers (NACE 49, small)
Financial strength · tick = 2024
Strong
Solvency 100=
equity 84.1% of total assets
Liquidity 93+4
short-term debt 15.9%
Profitability 20-52
return on assets 0.9%
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (1,179 companies, NACE 49, small)
Last 24 months 11-2024: 0.4%lowest value 12-2024: 0.4%● unchanged vs 11-2024lowest value 01-2025: 0.4%● unchanged vs 12-2024lowest value 02-2025: 0.4%● unchanged vs 01-2025lowest value 03-2025: 0.4%● unchanged vs 02-2025lowest value 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.5%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.4%▼ -0.1 percentage points vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.4%● unchanged vs 07-2026 09-2026: 0.4%● unchanged vs 08-2026 10-2026: 0.4%● unchanged vs 09-2026
Credit of up to €140,000 on 30-day terms is acceptable
Liquidity ample (current ratio 6.0, compared with 5.1 in 2024; short-term debt: 15.9% of total assets), and 15.9% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, small): better than 95% on solvency, 97% on liquidity, 7% on profitability and 23% on growth.

The bankruptcy probability was computed on 09-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 6.00
NBB · annual accounts
raises risk · Sector: Land transport and transport via pipelines (NACE 49)
KBO
lowers risk · Equity €1.7m (84.1% of total assets)
NBB · annual accounts
lowers risk · Founded in 1969
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
18 days early
2024
24 days early
2023
1 day early
2022
22 days late
2021
2 days late
2020
18 days late
2019
12 days 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 2 days after the deadline; the sector median (NACE 49) for financial year 2024 is on the deadline day, and 49% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
10-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Reappointment: Ernst & Young Bedrijfsrevisoren (statutory…Permanent representative: Ronald Van den…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Annual accounts filedfinancial year 2024 · abbreviated…

Key points

  • Positive: Among the best 11% on solvencysector median 40.7% · 1,064 companies 84.1% View
  • Controlled by Katoen Natie Group SAknown shareholders 100% parent View
  • Positive: 5 profitable years in a rowprofit 2025: €17,583 5 years View
  • Active since 1969founded 09-12-1969 56 years View

By topic

Financials

Financial year
2025
Total assets
€2.0m
Profit
€17,583
Solvency
84.1%
Turnover▲ 12.7%
Net result
20182021
Go to Financials

Board & ownership

Parent
Katoen Natie Group SA
Known shareholders
100%
Auditor
Ernst & Young Bedrijfsrevisoren
Go to Board & ownership

Timeline

Events
51
Since
1978
Next accounts
by 31-07-2027
  1. 30-07-2024Annual accounts filed
  2. 22-08-2023Annual accounts filed
  3. 31-12-2022Highest result from 2018 to 2025
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Freight transport by roadNACE 49410
Founded
09-12-1969
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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