SCALTRANS
ActiveSummary
SCALTRANS has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €24,623 and a net result of -€3,623. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 10% of 877 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68=
Solvency29▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.47 against 0.57 in 2024; short-term debt: 72.2% and cash: 2.6% of total assets), and 95.6% of the assets are financed with debt.
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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
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← 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
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
4.4%
Return on assets
-0.7%
Age of the figures
12 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€3,623
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 877 sector peers (2025).
NBB · sector comparisonPosition among 877 sector peers
Solvency
better than 10%
← weakest
strongest →
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
1 d early
2023
on the day
2022
2 d early
2021
2 d late
2020
2 d early
2019
on the day
← 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 1 day 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. Usually files around 29 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€3,623▲ 9.3%
2024 · -€3,996
Working capital
-€213,008▼ 18.4%
2024 · -€179,876
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€26,967▼ 53.0%€3,925€37,808▲ 863%€6,580▼ 82.6%€4,725▼ 28.2%
Net result-€34,065below the sector's middle half▼ 22.6%-€1,636within the sector's middle half▲ 95.2%€26,161within the sector's middle half-€3,996below the sector's middle half-€3,623below the sector's middle half▲ 9.3%
Equity-€34,284below the sector's middle half▼ 15,541%€6,080below the sector's middle half€32,241below the sector's middle half▲ 430%€28,245below the sector's middle half▼ 12.4%€24,623below the sector's middle half▼ 12.8%
Total assets€285,202below the sector's middle half▼ 33.5%€396,805below the sector's middle half▲ 39.1%€605,781within the sector's middle half▲ 52.7%€600,202within the sector's middle half▼ 0.9%€557,087below the sector's middle half▼ 7.2%
Debt€319,486▼ 25.6%€390,725▲ 22.3%€573,540▲ 46.8%€571,956▼ 0.3%€532,465▼ 6.9%
Working capital-€86,629below the sector's middle half▲ 10.0%-€130,130below the sector's middle half▼ 50.2%-€190,088below the sector's middle half▼ 46.1%-€179,876below the sector's middle half▲ 5.4%-€213,008below the sector's middle half▼ 18.4%
Solvency-12.0%below the sector's middle half▼ 12.0pp1.5%below the sector's middle half▲ 13.6pp5.3%below the sector's middle half▲ 3.8pp4.7%below the sector's middle half▼ 0.6pp4.4%below the sector's middle half▼ 0.3pp
Current ratio0.52below the sector's middle half=0.47below the sector's middle half▼ 0.050.43below the sector's middle half▼ 0.030.57below the sector's middle half▲ 0.140.47below the sector's middle half▼ 0.10
Return on assets (ROA)-11.9%below the sector's middle half▼ 5.5pp-0.4%below the sector's middle half▲ 11.5pp4.3%within the sector's middle half▲ 4.7pp-0.7%below the sector's middle half▼ 5.0pp-0.7%below the sector's middle half=
Staff (FTE)4.9below the sector's middle half▼ 2.0%5below the sector's middle half▲ 2.0%5below the sector's middle half=5below the sector's middle half=5below the sector's middle half=
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.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 28% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €557,087
Fixed assets
€367,919 ▲ 2.4%
Current assets
€189,169 ▼ 21.5%
Equity and liabilities €557,087
Equity
€24,623 ▼ 12.8%
Debt
€532,465 ▼ 6.9%
Debt's share of the balance-sheet total rises from 95.3% to 95.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€102,768▼
2024 · €107,134
Cash flow
€94,420▼
2024 · €96,558
Debt to equity
21.62▲
2024 · 20.25
ROE
-14.7%▼
2024 · -14.1%
Interest coverage
12.87▲
2024 · 10.12
Debt ≤ 1 year
€402,176▼
2024 · €420,704
Debt > 1 year
€130,288▼
2024 · €151,252
Staff costs
€299,169▲
2024 · €279,768
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 974 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a small loss
2.3%
went bankrupt
4.5%
stopped otherwise
93%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 974 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 | - | - | - | - | €11,237 | - |
| Remuneration, social security and pensions62 | €238,269 | €243,214 | €251,358 | €279,768 | €299,169 | ▲ 6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €135,797 | €91,246 | €89,736 | €100,554 | €98,042 | ▼ 2.5% |
| Other operating charges640/8 | €29,622 | €30,782 | €33,745 | €41,024 | €58,319 | ▲ 42.2% |
| Non-recurring operating charges66A | - | - | €1,357 | €646 | - | - |
| Gross operating margin9900 | €376,721 | €369,167 | €414,004 | €428,572 | €460,255 | ▲ 7.4% |
| Operating profit (loss)9901 | -€26,967 | €3,925 | €37,808 | €6,580 | €4,725 | ▼ 28.2% |
| Financial income75/76B | - | - | €470 | €8 | €2 | ▼ 72.9% |
| Recurring financial income75 | - | - | €470 | €8 | €2 | ▼ 72.9% |
| Financial charges65/66B | €7,098 | €5,562 | €12,117 | €10,584 | €8,350 | ▼ 21.1% |
| Recurring financial charges65 | €7,098 | €5,562 | €12,117 | €10,584 | €7,988 | ▼ 24.5% |
| Non-recurring financial charges66B | - | - | - | - | €363 | - |
| Profit (loss) for the period before taxes9903 | -€34,065 | -€1,636 | €26,161 | -€3,996 | -€3,623 | ▲ 9.3% |
| Profit (loss) for the period9904 | -€34,065 | -€1,636 | €26,161 | -€3,996 | -€3,623 | ▲ 9.3% |
| Profit (loss) for the period to be appropriated9905 | -€34,065 | -€1,636 | €26,161 | -€3,996 | -€3,623 | ▲ 9.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €285,202 | €396,805 | €605,781 | €600,202 | €557,087 | ▼ 7.2% |
| Fixed assets21/28 | €192,073 | €283,595 | €459,664 | €359,374 | €367,919 | ▲ 2.4% |
| Tangible fixed assets22/27 | €187,398 | €270,920 | €446,989 | €353,699 | €362,109 | ▲ 2.4% |
| Plant, machinery and equipment23 | - | - | - | - | €8,082 | - |
| Furniture and vehicles24 | €22,698 | €52,896 | €113,583 | €94,389 | €193,983 | ▲ 106% |
| Leasing and similar rights25 | €164,700 | €218,024 | €333,407 | €259,310 | €160,044 | ▼ 38.3% |
| Financial fixed assets28 | €4,675 | €12,675 | €12,675 | €5,675 | €5,810 | ▲ 2.4% |
| Current assets29/58 | €93,129 | €113,211 | €146,117 | €240,828 | €189,169 | ▼ 21.5% |
| Amounts receivable within one year40/41 | €55,966 | €59,336 | €79,572 | €142,687 | €132,074 | ▼ 7.4% |
| Trade receivables40 | €48,073 | €41,445 | €70,833 | €126,766 | €97,620 | ▼ 23.0% |
| Other amounts receivable41 | €7,893 | €17,891 | €8,740 | €15,922 | €34,455 | ▲ 116% |
| Cash at bank and in hand54/58 | €21,768 | €36,705 | €27,753 | €46,951 | €14,637 | ▼ 68.8% |
| Deferred charges and accrued income490/1 | €15,395 | €17,170 | €38,791 | €51,190 | €42,457 | ▼ 17.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €285,202 | €396,805 | €605,781 | €600,202 | €557,087 | ▼ 7.2% |
| Equity10/15 | -€34,284 | €6,080 | €32,241 | €28,245 | €24,623 | ▼ 12.8% |
| Contributions10/11 | €8,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Capital10 | €8,000 | €50,000 | €50,000 | - | - | - |
| Issued capital100 | €20,000 | €50,000 | €50,000 | - | - | - |
| Uncalled capital101 | €12,000 | - | - | - | - | - |
| Reserves13 | €24,495 | €24,495 | €24,495 | €24,495 | €24,495 | = |
| Non-distributable reserves130/1 | €1,454 | €1,454 | €1,454 | €1,454 | €1,454 | = |
| Legal reserve130 | €1,454 | €1,454 | €1,454 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,454 | €1,454 | = |
| Distributable reserves133 | €23,040 | €23,040 | €23,040 | €23,040 | €23,040 | = |
| Profit (loss) carried forward14 | -€66,779 | -€68,415 | -€42,254 | -€46,250 | -€49,872 | ▼ 7.8% |
| Amounts payable17/49 | €319,486 | €390,725 | €573,540 | €571,956 | €532,465 | ▼ 6.9% |
| Amounts payable after more than one year17 | €139,728 | €147,385 | €237,335 | €151,252 | €130,288 | ▼ 13.9% |
| Financial debts170/4 | €120,365 | €147,385 | €237,335 | €151,252 | €130,288 | ▼ 13.9% |
| Other amounts payable178/9 | €19,362 | - | - | - | - | - |
| Amounts payable within one year42/48 | €179,758 | €243,341 | €336,205 | €420,704 | €402,176 | ▼ 4.4% |
| Current portion of amounts payable after more than one year42 | €91,407 | €79,189 | €102,861 | €110,024 | €94,044 | ▼ 14.5% |
| Trade debts44 | €70,786 | €148,176 | €208,374 | €274,723 | €279,133 | ▲ 1.6% |
| Suppliers440/4 | €70,786 | €148,176 | €208,374 | €274,723 | €279,133 | ▲ 1.6% |
| Taxes, remuneration and social security45 | €17,566 | €15,976 | €24,971 | €35,957 | €28,999 | ▼ 19.4% |
| Taxes450/3 | €120 | - | €3,409 | - | - | - |
| Remuneration and social security454/9 | €17,446 | €15,976 | €21,562 | €35,957 | €28,999 | ▼ 19.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€34,065 | -€1,636 | €26,161 | -€3,996 | -€3,623 | ▲ 9.3% |
| + Depreciation and write-downs630 | €135,797 | €91,246 | €89,736 | €100,554 | €98,042 | ▼ 2.5% |
| Operating cash flow (approximation) | €101,732 | €89,610 | €115,897 | €96,558 | €94,420 | ▼ 2.2% |
| Investment in fixed assets (approximation) | - | -€182,767 | -€265,805 | -€263 | -€106,587 | ▼ 40,428% |
| Change in cash | - | €14,936 | -€8,951 | €19,197 | -€32,313 | ▼ 268% |
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 · full schema
2025
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Back to profitnet €26,161
Net result €26,161 after 4 loss-making years.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 2 days late
2021
30-09
Financial
Weakest financial yearnet -€34,065
Net result drops to -€34,065, the lowest in the series; recovery starts the following year.
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 2 days late
2018
26-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
12-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Malmedy · 1 establishment unit since 2004
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.
Ligneuville-Grand Rue 654960 Malmedy1 establishment unit
Scaltrans
since 20042.143.874.303
Recognitions · licences · registrations
Food safety, FASFC
1 siteMalmedy2.143.874.303
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Of 12,582 companies in sector 49410 we hold annual accounts for 8,205. 5,258 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
Founded25-11-2004
Fiscal year end30-09
Activities, NACEBEL 2025
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0870175617
Registered
21-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.