SCHELDETRANS
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 01-07-2026 at the NBB all 11 filings
Every figure per financial year
The operating result for 2025 is 34% higher than in 2024 and the highest since 2018. It is the third rise in a row, after the fall in 2022.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €7,492 | €15,243 | - | - | €12,563 |
| Depreciation and write-downs of the year | €1,498 | €2,450 | €3,751 | €2,651 | €2,587 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,261 | €1,261 | €1,261 | €1,498 | €2,450 | €3,751 | €2,651 | €2,587 | ▼ 2.4% |
| Other operating charges640/8 | - | - | - | €902 | €896 | €1,023 | €1,003 | €1,367 | ▲ 36.4% |
| Gross operating margin9900 | €30,698 | €29,358 | €31,527 | €61,564 | €56,759 | €78,020 | €96,623 | €128,964 | ▲ 33.5% |
| Operating profit (loss)9901 | €28,860 | €27,517 | €29,700 | €59,164 | €53,413 | €73,246 | €92,969 | €125,010 | ▲ 34.5% |
| Financial income75/76B | - | - | - | €9 | €48 | €2 | €534 | €1,719 | ▲ 222% |
| Recurring financial income75 | €102 | €75 | - | €9 | €48 | €2 | €534 | €1,719 | ▲ 222% |
| Financial charges65/66B | - | - | - | €1,139 | €1,629 | €1,386 | €846 | €1,237 | ▲ 46.2% |
| Recurring financial charges65 | €520 | €372 | €265 | €1,139 | €1,629 | €1,386 | €846 | €1,237 | ▲ 46.2% |
| Profit (loss) for the period before taxes9903 | €28,441 | €27,220 | €29,434 | €58,034 | €51,833 | €71,862 | €92,656 | €125,492 | ▲ 35.4% |
| Income taxes67/77 | €8,246 | €7,997 | €9,878 | €16,131 | €13,980 | €20,065 | €25,688 | €36,215 | ▲ 41.0% |
| Profit (loss) for the period9904 | €20,195 | €19,224 | €19,556 | €41,903 | €37,853 | €51,797 | €66,968 | €89,278 | ▲ 33.3% |
| Profit (loss) for the period to be appropriated9905 | €20,195 | €19,224 | €19,556 | €41,903 | €37,853 | €51,797 | €66,968 | €89,278 | ▲ 33.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €95,415 | €118,486 | €136,089 | €160,686 | €183,169 | €223,107 | €270,794 | €285,082 | ▲ 5.3% |
| Fixed assets21/28 | €4,466 | €3,206 | €1,945 | €7,939 | €20,733 | €16,982 | €14,331 | €11,743 | ▼ 18.1% |
| Tangible fixed assets22/27 | €4,466 | €3,206 | €1,945 | €7,939 | €20,733 | €16,982 | €14,331 | €11,743 | ▼ 18.1% |
| Furniture and vehicles24 | - | - | - | €2,392 | €4,605 | €2,764 | €2,022 | €1,345 | ▼ 33.5% |
| Other tangible fixed assets26 | - | - | - | €5,547 | €16,128 | €14,218 | €12,308 | €10,398 | ▼ 15.5% |
| Current assets29/58 | €90,948 | €115,280 | €134,144 | €152,747 | €162,436 | €206,126 | €256,464 | €273,339 | ▲ 6.6% |
| Amounts receivable within one year40/41 | €4,101 | €4,470 | €4,710 | €282 | €1,113 | €2,484 | €0 | - | - |
| Trade receivables40 | - | - | - | - | - | €2,484 | €0 | - | - |
| Other amounts receivable41 | - | - | - | €282 | €1,113 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €86,621 | €110,576 | €129,189 | €139,441 | €148,262 | €197,656 | €253,999 | €264,289 | ▲ 4.1% |
| Deferred charges and accrued income490/1 | - | - | - | €13,024 | €13,061 | €5,986 | €2,464 | €9,050 | ▲ 267% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €95,415 | €118,486 | €136,089 | €160,686 | €183,169 | €223,107 | €270,794 | €285,082 | ▲ 5.3% |
| Equity10/15 | €90,251 | €109,475 | €129,031 | €146,651 | €167,799 | €204,788 | €249,701 | €258,296 | ▲ 3.4% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €77,851 | €97,075 | €116,631 | €134,251 | €155,399 | €192,388 | €237,301 | €245,896 | ▲ 3.6% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €132,391 | €153,539 | €192,388 | €237,301 | €245,896 | ▲ 3.6% |
| Profit (loss) carried forward14 | - | - | - | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €5,164 | €9,011 | €7,058 | €14,035 | €15,369 | €18,319 | €21,093 | €26,787 | ▲ 27.0% |
| Amounts payable within one year42/48 | €5,164 | €9,011 | €7,058 | €14,035 | €15,369 | €18,319 | €21,093 | €26,787 | ▲ 27.0% |
| Financial debts43 | - | - | - | - | - | - | - | €1,311 | - |
| Credit institutions430/8 | - | - | - | - | - | - | - | €1,311 | - |
| Trade debts44 | €1,663 | €4,938 | €587 | €4,691 | €3,662 | €3,699 | €2,316 | €1,711 | ▼ 26.1% |
| Suppliers440/4 | - | - | - | €4,691 | €3,662 | €3,699 | €2,316 | €1,711 | ▼ 26.1% |
| Taxes, remuneration and social security45 | - | - | - | €9,344 | €11,707 | €13,680 | €18,018 | €22,635 | ▲ 25.6% |
| Taxes450/3 | - | - | - | €9,344 | €11,707 | €13,680 | €18,018 | €22,635 | ▲ 25.6% |
| Other amounts payable47/48 | - | - | - | - | - | €940 | €759 | €1,130 | ▲ 49.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,195 | €19,224 | €19,556 | €41,903 | €37,853 | €51,797 | €66,968 | €89,278 | ▲ 33.3% |
| + Depreciation and write-downs630 | €1,261 | €1,261 | €1,261 | €1,498 | €2,450 | €3,751 | €2,651 | €2,587 | ▼ 2.4% |
| Operating cash flow (approximation) | €21,456 | €20,484 | €20,817 | €43,401 | €40,303 | €55,548 | €69,620 | €91,865 | ▲ 32.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€7,492 | -€15,243 | €0 | €0 | €0 | - |
| Change in cash | - | €23,954 | €18,614 | €10,251 | €8,822 | €49,394 | €56,344 | €10,290 | ▼ 81.7% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as SCHELDETRANS has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of SCHELDETRANS itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for SCHELDETRANS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 01-07-2026 | 2026-00244464 | |
| 31-12-2024 | micro format | 08-07-2025 | 2025-00272626 | |
| 31-12-2023 | micro format | 04-07-2024 | 2024-00220444 | |
| 31-12-2022 | micro format | 20-07-2023 | 2023-00264499 | |
| 31-12-2021 | micro format | 29-07-2022 | 2022-20244074 | |
| 31-12-2020 | micro format | 30-07-2021 | 2021-45100011 | |
| 31-12-2019 | micro format | 30-07-2020 | 2020-38500130 | |
| 31-12-2018 | micro format | 30-07-2019 | 2019-43300302 | |
| 31-12-2017 | micro format | 30-07-2018 | 2018-40000038 | |
| 31-12-2016 | abbreviated format | 19-07-2017 | 2017-33500539 |