Sad Trans
ActiveThe computed 12-month bankruptcy probability of Sad Trans is 3.8% (moderate). The annual accounts of Sad Trans for fiscal year 2025 show a net loss of 71% of the equity at the start of that year. The 2025 annual accounts show equity of €11k and a net result of €-28k. Equity is shrinking by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 21% of 4527 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
24
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-72
Solvency34▼-14
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
3.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.71 against 0.78 in 2024; short-term debt: 91.1% and cash: 5.7% of total assets), and 91.1% 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.
+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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
8.9%
Return on assets
-21.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 4527 sector peers (2025).
NBB · sector comparisonPosition among 4527 sector peers
Solvency
better than 21%
← weakest
strongest →
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 07-07-2026, 24 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
24 d early
2024
11 d early
2023
17 d early
2022
13 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€11k▼ 70.8%
2024 · €39k
2022: €30k
2023: €35k
2024: €39k
2022 → 2025
Total assets
€127k▼ 25.3%
2024 · €171k
2022: €132k
2023: €159k
2024: €171k
2022 → 2025
Net result
€-28k
2024 · €4k
2022: €25k
2023: €4k
2024: €4k
2022 → 2025
Working capital
€-34k▼ 19.9%
2024 · €-29k
2022: €-60k
2023: €-50k
2024: €-29k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€30k-€35k▲ 14.5%€39k▲ 13.0%€11k▼ 70.8%
Operating result€32k-€6k▼ 80.2%€8k▲ 22.1%€-27k
Net result€25k-€4k▼ 82.6%€4k▲ 2.2%€-28k
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 2025: a loss of €27k after €8k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €127k
Fixed assets
€46k▼ 32.5%
Current assets
€82k▼ 20.6%
Equity and liabilities €127k
Equity
€11k▼ 70.8%
Debt
€116k▼ 11.8%
The debt ratio rises from 77.2% to 91.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-11k▼
2024 · €25k
Cash flow
€-11k▼
2024 · €21k
Solvency
8.9%▼
2024 · 22.8%
Current ratio
0.71▼
2024 · 0.78
Quick ratio
0.71▼
2024 · 0.78
Debt / equity
10.19▲
2024 · 3.38
ROE
-242.3%▼
2024 · 11.5%
ROA
-21.6%▼
2024 · 2.6%
Interest coverage
-92.83▼
2024 · 15.43
Debt
€116k▼
2024 · €132k
Debt ≤ 1 year
€116k▼
2024 · €132k
Staff costs
€124k▼
2024 · €182k
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€171k€127k▼
Fixed assets21/28€67k€46k▼
Tangible fixed assets22/27€39k€22k▼
Plant, machinery and equipment23€8k€5k▼
Furniture and vehicles24€31k€17k▼
Financial fixed assets28€29k€24k▼
Current assets29/58€103k€82k▼
Amounts receivable within one year40/41€83k€75k▼
Trade receivables40€81k€71k▼
Other amounts receivable41€3k€4k▲
Cash at bank and in hand54/58€20k€7k▼
Equity and liabilities
Total equity and liabilities10/49€171k€127k▼
Equity10/15€39k€11k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€34k€6k▼
Amounts payable17/49€132k€116k▼
Amounts payable within one year42/48€132k€116k▼
Trade debts44€17k€3k▼
Suppliers440/4€17k€3k▼
Taxes, remuneration and social security45€60k€61k▲
Taxes450/3€2k€2k=
Remuneration and social security454/9€58k€59k▲
Other amounts payable47/48€54k€52k▼
Income statement
Code20242025
Remuneration, social security and pensions62€182k€124k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€17k=
Other operating charges640/8€2k€4k▲
Gross operating margin9900€208k€117k▼
Operating profit (loss)9901€8k€-27k▼
Financial income75/76B€83-
Recurring financial income75€83-
Financial charges65/66B€2k€114▼
Recurring financial charges65€2k€114▼
Profit (loss) for the period before taxes9903€6k€-28k▼
Income taxes67/77€2k-
Profit (loss) for the period9904€4k€-28k▼
Profit (loss) for the period to be appropriated9905€4k€-28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€34k€6k▼
Profit (loss) brought forward from the previous period14P€30k€34k▲
The notes to these accounts (6 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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-28k ▼717%
Net result drops to €-28k, the lowest in the series.
20-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
14-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
30-09-2025
Resigned as Director
Location & real-estate footprint
Registered office, Stabroek · 1 establishment unit since 2022
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.
Hoogeind 1102940 StabroekGround area
579 m²
Building footprint
104 m²
Volume, LiDAR
474 m³
Parcel 11044B0130/00H002, Flanders · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Sad Trans
since 20222.331.040.553
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11044B0130/00H002 | Flanders | 578 m² | 1 · 104 m² | 6.4 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.
Similar companies · same sector, comparable size
B.M. Delivery
BE 1016.798.738
Anderlecht · Eq €11k
NAW COMPANY
BE 1011.258.157
Brussel · Eq €11k
Tbilisi Transport
BE 0760.785.252
Stabroek · Eq €11k
MARTINO TRANSPORT
BE 0795.449.092
Maldegem · Eq €11k
KUBITAN
BE 0755.451.638
Gent · Eq €11k
Of 12,603 companies in sector 49410 we hold annual accounts for 8,194. 4,095 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-04-2022
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.