RJ TRANS
ActiveSummary
RJ TRANS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €275,690 and a net result of €85,548. Equity is growing by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 74% of 4695 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability93▲+16
Solvency89▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23,000 at 30 days acceptable
Liquidity ample (current ratio 3.11 against 4.24 in 2024; short-term debt: 28.9% and cash: 58.6% of total assets), and 36.4% of the assets are financed with debt.
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Signals
Four 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
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
63.6%
Return on assets
19.7%
Age of the figures
12 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
30 d early
2023
7 d early
2022
1 d early
2021
1 d early
2020
3 d early
2019
15 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 8 days before 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€275,690▲ 6.8%
2024 · €258,142
Total assets
€433,257▲ 12.8%
2024 · €384,183
Net result
€85,548▲ 243%
2024 · €24,974
Working capital
€264,299▲ 11.2%
2024 · €237,631
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€19,615▼ 64.7%€109,754▲ 460%€23,106▼ 78.9%€41,767▲ 80.8%€105,588▲ 153%
Net result€6,594within the sector's middle half▼ 86.6%€85,723above the sector's middle half▲ 1,200%€9,018within the sector's middle half▼ 89.5%€24,974above the sector's middle half▲ 177%€85,548above the sector's middle half▲ 243%
Equity€226,426above the sector's middle half▼ 4.8%€278,149above the sector's middle half▲ 22.8%€263,167above the sector's middle half▼ 5.4%€258,142above the sector's middle half▼ 1.9%€275,690above the sector's middle half▲ 6.8%
Total assets€365,882above the sector's middle half▼ 6.2%€455,975above the sector's middle half▲ 24.6%€394,128above the sector's middle half▼ 13.6%€384,183above the sector's middle half▼ 2.5%€433,257above the sector's middle half▲ 12.8%
Debt€139,456▼ 8.4%€177,826▲ 27.5%€130,960▼ 26.4%€126,041▼ 3.8%€157,567▲ 25.0%
Working capital€180,929▼ 8.6%€237,701▲ 31.4%€232,984▼ 2.0%€237,631▲ 2.0%€264,299▲ 11.2%
Solvency61.9%within the sector's middle half▲ 0.9pp61.0%within the sector's middle half▼ 0.9pp66.8%above the sector's middle half▲ 5.8pp67.2%above the sector's middle half▲ 0.4pp63.6%within the sector's middle half▼ 3.6pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 153% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €433,257
Fixed assets
€43,648 ▼ 40.3%
Current assets
€389,609 ▲ 25.3%
Equity and liabilities €433,257
Equity
€275,690 ▲ 6.8%
Debt
€157,567 ▲ 25.0%
Debt's share of the balance-sheet total rises from 32.8% to 36.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€135,095▲
2024 · €71,275
Cash flow
€115,056▲
2024 · €54,482
Current ratio
3.11▼
2024 · 4.24
Debt to equity
0.57▲
2024 · 0.49
ROE
31.0%▲
2024 · 9.7%
ROA
19.7%▲
2024 · 6.5%
Interest coverage
29.30▲
2024 · 11.87
Debt ≤ 1 year
€125,310▲
2024 · €73,397
Debt > 1 year
€31,729▼
2024 · €52,141
Income taxes
€16,544▲
2024 · €11,779
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 34,672 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €46,340 | - | - | €67,961 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,407 | €14,681 | €29,508 | €29,508 | €29,508 | = |
| Other operating charges640/8 | €4,826 | €3,153 | €4,538 | €4,100 | €3,315 | ▼ 19.1% |
| Gross operating margin9900 | €52,848 | €127,588 | €57,152 | €75,375 | €138,410 | ▲ 83.6% |
| Operating profit (loss)9901 | €19,615 | €109,754 | €23,106 | €41,767 | €105,588 | ▲ 153% |
| Financial income75/76B | €1,565 | €1,463 | €1,199 | €992 | €1,116 | ▲ 12.5% |
| Recurring financial income75 | €1,565 | €1,463 | €1,199 | €992 | €1,116 | ▲ 12.5% |
| Financial charges65/66B | €6,086 | €5,910 | €7,482 | €6,006 | €4,611 | ▼ 23.2% |
| Recurring financial charges65 | €6,086 | €5,910 | €7,482 | €6,006 | €4,611 | ▼ 23.2% |
| Profit (loss) for the period before taxes9903 | €15,094 | €105,308 | €16,824 | €36,753 | €102,093 | ▲ 178% |
| Income taxes67/77 | €8,500 | €19,585 | €7,805 | €11,779 | €16,544 | ▲ 40.5% |
| Profit (loss) for the period9904 | €6,594 | €85,723 | €9,018 | €24,974 | €85,548 | ▲ 243% |
| Profit (loss) for the period to be appropriated9905 | €6,594 | €85,723 | €9,018 | €24,974 | €85,548 | ▲ 243% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €365,882 | €455,975 | €394,128 | €384,183 | €433,257 | ▲ 12.8% |
| Fixed assets21/28 | €115,396 | €132,170 | €102,663 | €73,155 | €43,648 | ▼ 40.3% |
| Tangible fixed assets22/27 | €115,261 | €132,035 | €102,528 | €73,020 | €43,513 | ▼ 40.4% |
| Furniture and vehicles24 | €15,616 | €12,214 | €8,926 | €5,638 | €2,351 | ▼ 58.3% |
| Leasing and similar rights25 | €99,645 | €119,822 | €93,602 | €67,382 | €41,162 | ▼ 38.9% |
| Financial fixed assets28 | €135 | €135 | €135 | €135 | €135 | = |
| Current assets29/58 | €250,486 | €323,804 | €291,465 | €311,028 | €389,609 | ▲ 25.3% |
| Amounts receivable after more than one year29 | €49,495 | €38,520 | €27,282 | €15,774 | €3,991 | ▼ 74.7% |
| Other amounts receivable291 | €49,495 | €38,520 | €27,282 | €15,774 | €3,991 | ▼ 74.7% |
| Amounts receivable within one year40/41 | €49,962 | €61,968 | €91,188 | €179,456 | €128,840 | ▼ 28.2% |
| Trade receivables40 | €39,245 | €46,372 | €30,080 | €38,498 | €39,379 | ▲ 2.3% |
| Other amounts receivable41 | €10,718 | €15,596 | €61,108 | €140,958 | €89,462 | ▼ 36.5% |
| Cash at bank and in hand54/58 | €149,277 | €220,565 | €170,234 | €112,857 | €253,998 | ▲ 125% |
| Deferred charges and accrued income490/1 | €1,752 | €2,751 | €2,761 | €2,940 | €2,781 | ▼ 5.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €365,882 | €455,975 | €394,128 | €384,183 | €433,257 | ▲ 12.8% |
| Equity10/15 | €226,426 | €278,149 | €263,167 | €258,142 | €275,690 | ▲ 6.8% |
| Contributions10/11 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Reserves13 | €111,844 | €111,844 | €111,844 | €111,844 | €111,844 | = |
| Non-distributable reserves130/1 | €1,900 | €1,900 | - | - | - | - |
| Reserves not available under the articles1311 | €1,900 | €1,900 | - | - | - | - |
| Tax-exempt reserves132 | €109,944 | €109,944 | €109,944 | €109,944 | €109,944 | = |
| Distributable reserves133 | - | - | €1,900 | €1,900 | €1,900 | = |
| Profit (loss) carried forward14 | €95,582 | €147,305 | €132,323 | €127,298 | €144,846 | ▲ 13.8% |
| Amounts payable17/49 | €139,456 | €177,826 | €130,960 | €126,041 | €157,567 | ▲ 25.0% |
| Amounts payable after more than one year17 | €69,788 | €91,263 | €71,980 | €52,141 | €31,729 | ▼ 39.1% |
| Financial debts170/4 | €69,788 | €91,263 | €71,980 | €52,141 | €31,729 | ▼ 39.1% |
| Amounts payable within one year42/48 | €69,557 | €86,103 | €58,481 | €73,397 | €125,310 | ▲ 70.7% |
| Current portion of amounts payable after more than one year42 | €19,298 | €18,741 | €19,283 | €19,839 | €20,412 | ▲ 2.9% |
| Trade debts44 | €4,865 | €3,836 | €2,134 | €4,212 | €2,406 | ▼ 42.9% |
| Suppliers440/4 | €4,865 | €3,836 | €2,134 | €4,212 | €2,406 | ▼ 42.9% |
| Advances received on contracts in progress46 | €5,500 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €13,997 | €29,526 | €12,127 | €19,345 | €34,492 | ▲ 78.3% |
| Taxes450/3 | €13,997 | €29,526 | €12,127 | €19,345 | €34,492 | ▲ 78.3% |
| Other amounts payable47/48 | €25,896 | €34,000 | €24,937 | €30,000 | €68,000 | ▲ 127% |
| Accrued charges and deferred income492/3 | €111 | €460 | €499 | €503 | €528 | ▲ 4.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,594 | €85,723 | €9,018 | €24,974 | €85,548 | ▲ 243% |
| + Depreciation and write-downs630 | €28,407 | €14,681 | €29,508 | €29,508 | €29,508 | = |
| Operating cash flow (approximation) | €35,001 | €100,404 | €38,526 | €54,482 | €115,056 | ▲ 111% |
| Investment in fixed assets (approximation) | - | -€31,455 | €0 | €0 | €0 | - |
| Change in cash | - | €71,288 | -€50,331 | -€57,377 | €141,140 | ▲ 346% |
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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Highest result since 2018net €85,723 ▲1,200%
Operating result €109,754, net result €85,723, both a record.
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet €6,594 ▼86.6%
Net result drops to €6,594, the lowest in the series; recovery starts the following year.
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
15-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
01-03
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.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Kortrijk · 1 establishment unit since 2008
Ground area
1,624 m²
Building footprint
225 m²
Parcel 34016A0852/00M000, Flanders. Linked by address, not a title deed.
1 establishment unit
RJ TRANS
since 20082.174.925.783
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34016A0852/00M000 | Flanders | 1,623 m² | 1 · 225 m² | - |
Linked by address, not proof of ownership
Good to know
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 · 1 entry · 3,000 EUR awarded · 3,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 3,000 EUR | 3,000 EUR |
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Of 12,584 companies in sector 49410 we hold annual accounts for 8,199. 5,927 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
Founded26-11-2008
Fiscal year end30-09
Activities, NACEBEL 2025
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0808080472
Registered
20-11-2020
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.