SERT TRANS
ActiveSummary
SERT TRANS has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13,505 and a net result of €489. Equity is shrinking by ~33.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 74% of 4718 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability51▲+51
Solvency89▲+21
Growth32=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.69 against 0.94 in 2024; short-term debt: 36.1% and cash: 18.4% of total assets), and 36.1% of the assets are financed with debt.
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Signals
Three 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
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 01-12-2025, 61 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
61 d early
2024
59 d early
2023
51 d early
2022
64 d early
2021
68 d early
2020
48 d early
2019
51 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 57 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 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 1 December (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€489
2024 · -€14,172
Working capital
-€2,395▼ 111%
2024 · -€1,134
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€11,057▲ 12.4%-€43,307€3,012-€11,505€1,021
Net result€10,343within the sector's middle half▲ 241%-€47,274below the sector's middle half€2,616within the sector's middle half-€14,172below the sector's middle half€489within the sector's middle half
Equity€71,846within the sector's middle half▲ 16.8%€24,572within the sector's middle half▼ 65.8%€27,188within the sector's middle half▲ 10.6%€13,016within the sector's middle half▼ 52.1%€13,505within the sector's middle half▲ 3.8%
Total assets€102,960below the sector's middle half▲ 3.8%€51,268within the sector's middle half▼ 50.2%€60,965within the sector's middle half▲ 18.9%€30,522below the sector's middle half▼ 49.9%€21,136below the sector's middle half▼ 30.8%
Debt€31,114▼ 17.5%€26,696▼ 14.2%€33,777▲ 26.5%€17,506▼ 48.2%€7,631▼ 56.4%
Working capital€38,293within the sector's middle half€2,214within the sector's middle half▼ 94.2%€15,913within the sector's middle half▲ 619%-€1,134within the sector's middle half-€2,395within the sector's middle half▼ 111%
Solvency69.8%above the sector's middle half▲ 7.8pp47.9%within the sector's middle half▼ 21.9pp44.6%within the sector's middle half▼ 3.3pp42.6%within the sector's middle half▼ 2.0pp63.9%within the sector's middle half▲ 21.2pp
Current ratio2.92above the sector's middle half▲ 1.931.11within the sector's middle half▼ 1.811.51within the sector's middle half▲ 0.400.94within the sector's middle half▼ 0.580.69below the sector's middle half▼ 0.25
Return on assets (ROA)10.0%above the sector's middle half▲ 7.0pp-92.2%below the sector's middle half▼ 102.3pp4.3%within the sector's middle half▲ 96.5pp-46.4%below the sector's middle half▼ 50.7pp2.3%within the sector's middle half▲ 48.7pp
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 returns to profit in 2025: €1,021 after a loss of €11,505 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €21,136
Fixed assets
€15,900 ▲ 12.4%
Current assets
€5,236 ▼ 68.0%
Equity and liabilities €21,136
Equity
€13,505 ▲ 3.8%
Debt
€7,631 ▼ 56.4%
Debt's share of the balance-sheet total falls from 57.4% to 36.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1,896
Cash flow
€1,364
Debt to equity
0.57▼
2024 · 1.34
ROE
3.6%▲
2024 · -108.9%
Interest coverage
3.56
Debt ≤ 1 year
€7,631▼
2024 · €17,506
Staff costs
€567▼
2024 · €30,236
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €32,551 | €28,800 | €30,236 | €567 | ▼ 98.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,955 | €15,300 | €0 | - | €875 | - |
| Other operating charges640/8 | - | €5,527 | €5,077 | €2,601 | €3,888 | ▲ 49.5% |
| Gross operating margin9900 | €67,422 | €10,071 | €36,889 | €21,332 | €6,351 | ▼ 70.2% |
| Operating profit (loss)9901 | €11,057 | -€43,307 | €3,012 | -€11,505 | €1,021 | ▲ 109% |
| Financial income75/76B | - | €6 | - | - | - | - |
| Recurring financial income75 | - | €6 | - | - | - | - |
| Financial charges65/66B | - | €864 | €396 | €1,525 | €532 | ▼ 65.1% |
| Recurring financial charges65 | €713 | €864 | €396 | €1,525 | €532 | ▼ 65.1% |
| Profit (loss) for the period before taxes9903 | €10,343 | -€44,165 | €2,616 | -€13,030 | €489 | ▲ 104% |
| Income taxes67/77 | - | €3,109 | - | €1,142 | - | - |
| Profit (loss) for the period9904 | €10,343 | -€47,274 | €2,616 | -€14,172 | €489 | ▲ 103% |
| Profit (loss) for the period to be appropriated9905 | €10,343 | -€47,274 | €2,616 | -€14,172 | €489 | ▲ 103% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €102,960 | €51,268 | €60,965 | €30,522 | €21,136 | ▼ 30.8% |
| Formation expenses20 | - | €0 | - | - | - | - |
| Fixed assets21/28 | €44,750 | €29,450 | €14,150 | €14,150 | €15,900 | ▲ 12.4% |
| Tangible fixed assets22/27 | €30,600 | €15,300 | - | - | €1,750 | - |
| Furniture and vehicles24 | - | - | - | - | €1,750 | - |
| Leasing and similar rights25 | - | €15,300 | - | - | - | - |
| Financial fixed assets28 | €14,150 | €14,150 | €14,150 | €14,150 | €14,150 | = |
| Current assets29/58 | €58,210 | €21,818 | €46,815 | €16,372 | €5,236 | ▼ 68.0% |
| Amounts receivable within one year40/41 | €45,984 | €10,294 | €3,170 | €2,711 | €1,342 | ▼ 50.5% |
| Trade receivables40 | - | €8,638 | €1,605 | €1,016 | - | - |
| Other amounts receivable41 | - | €1,655 | €1,565 | €1,695 | €1,342 | ▼ 20.8% |
| Cash at bank and in hand54/58 | €10,473 | €9,771 | €43,645 | €13,661 | €3,894 | ▼ 71.5% |
| Deferred charges and accrued income490/1 | - | €1,753 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €102,960 | €51,268 | €60,965 | €30,522 | €21,136 | ▼ 30.8% |
| Equity10/15 | €71,846 | €24,572 | €27,188 | €13,016 | €13,505 | ▲ 3.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €51,386 | €4,112 | €6,728 | -€7,444 | -€6,955 | ▲ 6.6% |
| Amounts payable17/49 | €31,114 | €26,696 | €33,777 | €17,506 | €7,631 | ▼ 56.4% |
| Amounts payable after more than one year17 | €11,197 | €7,092 | €2,875 | - | - | - |
| Financial debts170/4 | - | €7,092 | €2,875 | - | - | - |
| Amounts payable within one year42/48 | €19,917 | €19,604 | €30,901 | €17,506 | €7,631 | ▼ 56.4% |
| Current portion of amounts payable after more than one year42 | - | €8,462 | €3,712 | €2,875 | - | - |
| Trade debts44 | €11,018 | - | €24,924 | €13,599 | €5,683 | ▼ 58.2% |
| Suppliers440/4 | - | - | €24,924 | €13,599 | €5,683 | ▼ 58.2% |
| Taxes, remuneration and social security45 | - | €7,471 | €2,265 | €1,031 | - | - |
| Taxes450/3 | - | €2,328 | €2,265 | €1,031 | - | - |
| Remuneration and social security454/9 | - | €5,144 | - | - | - | - |
| Other amounts payable47/48 | - | €3,671 | - | - | €1,949 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,343 | -€47,274 | €2,616 | -€14,172 | €489 | ▲ 103% |
| + Depreciation and write-downs630 | €16,955 | €15,300 | €0 | - | €875 | - |
| Operating cash flow (approximation) | €27,299 | -€31,974 | €2,616 | -€14,172 | €1,364 | ▲ 110% |
| Investment in fixed assets (approximation) | - | €0 | €15,300 | €0 | -€2,625 | - |
| Change in cash | - | -€702 | €33,874 | -€29,984 | -€9,767 | ▲ 67.4% |
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
2025
01-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Back to profitnet €489
Net result €489 after one loss-making year.
2024
03-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
11-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Back to profitnet €2,616
Net result €2,616 after one loss-making year.
2022
28-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Weakest financial yearnet -€47,274
Net result drops to -€47,274, the lowest in the series; recovery starts the following year.
2021
24-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
30-06
Financial
Liquidity triplescurrent ratio 2.92
Current ratio from 0.99 to 2.92; short-term debt falls from €37,711 to €19,917.
2020
14-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
11-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
02-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
14-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 42 days late
2017
02-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 2 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, Sint-Pieters-Leeuw · 1 establishment unit since 2015
Ground area
376 m²
Building footprint
157 m²
Volume, LiDAR
1,578 m³
2 parcels, Brussels, Flanders · tallest building 16.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
SERT TRANS
since 20152.287.930.189
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23582E0299/00D000 | Flanders | 219 m² | 1 · 98 m² | 11.4 m · 3 fl. |
| 21308H0513/00A002 | Brussels | 157 m² | 1 · 59 m² | 16.9 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
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WALAS EXPRESS
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D.E.S. TRANS
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Of 12,583 companies in sector 49410 we hold annual accounts for 8,204. 4,360 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
Founded10-12-2014
Fiscal year end30-06
Activities, NACEBEL 2025
49410Freight transport by road
53200Other postal and courier activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0506719684
Also
9925:BE0506719684
Registered
04-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.