SRP Trans
ActiveSummary
SRP Trans has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of -€12,352. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 90% of 1885 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▼-19
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80,000 at 30 days acceptable
Liquidity ample (current ratio 4.77 against 4.18 in 2024; short-term debt: 18.4% and cash: 11.6% of total assets), and 18.4% of the assets are financed with debt.
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Signals
Five 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
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
81.6%
Return on assets
-0.9%
Age of the figures
9 mo
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
27 d early
2023
71 d early
2022
42 d early
2021
61 d early
2020
40 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 37 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 19 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, abbreviated schema
Equity
€1.1m▼ 1.1%
2024 · €1.1m
Total assets
€1.4m=
2024 · €1.4m
Net result
-€12,352
2024 · €202,813
Working capital
€944,762▲ 24.7%
2024 · €757,677
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€186,370▲ 139%€108,974▼ 41.5%€165,771▲ 52.1%€281,334▲ 69.7%€25,057▼ 91.1%
Net result€139,391above the sector's middle half▲ 168%€79,772within the sector's middle half▼ 42.8%€123,734within the sector's middle half▲ 55.1%€202,813above the sector's middle half▲ 63.9%-€12,352below the sector's middle half
Equity€1.0mabove the sector's middle half▲ 16.1%€1.1mabove the sector's middle half▲ 7.9%€922,616within the sector's middle half▼ 14.9%€1.1mabove the sector's middle half▲ 22.0%€1.1mabove the sector's middle half▼ 1.1%
Total assets€1.2mwithin the sector's middle half▼ 0.2%€1.3mwithin the sector's middle half▲ 10.4%€1.1mwithin the sector's middle half▼ 14.5%€1.4mwithin the sector's middle half▲ 20.2%€1.4mwithin the sector's middle half=
Debt€197,301▼ 41.9%€242,219▲ 22.8%€211,639▼ 12.6%€238,123▲ 12.5%€250,763▲ 5.3%
Working capital€373,875within the sector's middle half▲ 0.9%€316,179within the sector's middle half▼ 15.4%€313,686within the sector's middle half▼ 0.8%€757,677above the sector's middle half▲ 142%€944,762above the sector's middle half▲ 24.7%
Solvency83.6%above the sector's middle half▲ 11.8pp81.7%above the sector's middle half▼ 1.8pp81.3%above the sector's middle half▼ 0.4pp82.5%above the sector's middle half▲ 1.2pp81.6%above the sector's middle half▼ 0.9pp
Current ratio3.13above the sector's middle half▲ 0.902.33above the sector's middle half▼ 0.802.48above the sector's middle half▲ 0.154.18above the sector's middle half▲ 1.704.77above the sector's middle half▲ 0.59
Return on assets (ROA)11.6%above the sector's middle half▲ 7.3pp6.0%within the sector's middle half▼ 5.6pp10.9%above the sector's middle half▲ 4.9pp14.9%above the sector's middle half▲ 4.0pp-0.9%below the sector's middle half▼ 15.8pp
Staff (FTE)12.3within the sector's middle half▲ 7.0%13.8within the sector's middle half▲ 12.2%12.6within the sector's middle half▼ 8.7%12.8within the sector's middle half▲ 1.6%13.6within the sector's middle half▲ 6.3%
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 abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 91% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€168,314 ▼ 54.2%
Current assets
€1.2m ▲ 20.1%
Equity and liabilities €1.4m
Equity
€1.1m ▼ 1.1%
Debt
€250,763 ▲ 5.3%
Debt's share of the balance-sheet total rises from 17.5% to 18.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€225,575▼
2024 · €545,228
Cash flow
€188,165▼
2024 · €466,707
Debt to equity
0.23▲
2024 · 0.21
ROE
-1.1%▼
2024 · 18.0%
Interest coverage
64.53▼
2024 · 244.66
Debt ≤ 1 year
€250,763▲
2024 · €238,123
Income taxes
€38,277▼
2024 · €76,292
Staff costs
€961,639▲
2024 · €860,028
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.1% 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 497,662 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% | 1.7% |
| 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 75% 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 8,616 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 | - | €2,919 | €0 | - | €34,000 | - |
| Remuneration, social security and pensions62 | €711,742 | €811,305 | €821,505 | €860,028 | €961,639 | ▲ 11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €299,982 | €300,119 | €283,240 | €263,894 | €200,517 | ▼ 24.0% |
| Other operating charges640/8 | €54,730 | €55,835 | €63,835 | €100,313 | €98,337 | ▼ 2.0% |
| Gross operating margin9900 | €1.3m | €1.3m | €1.3m | €1.5m | €1.3m | ▼ 14.6% |
| Operating profit (loss)9901 | €186,370 | €108,974 | €165,771 | €281,334 | €25,057 | ▼ 91.1% |
| Financial income75/76B | €811 | €0 | €0 | - | €4,363 | - |
| Recurring financial income75 | €811 | €0 | €0 | - | €4,363 | - |
| Financial charges65/66B | €2,935 | €2,633 | €2,037 | €2,229 | €3,496 | ▲ 56.9% |
| Recurring financial charges65 | €2,935 | €2,633 | €2,037 | €2,229 | €3,496 | ▲ 56.9% |
| Profit (loss) for the period before taxes9903 | €184,246 | €106,341 | €163,734 | €279,105 | €25,925 | ▼ 90.7% |
| Income taxes67/77 | €44,855 | €26,569 | €40,000 | €76,292 | €38,277 | ▼ 49.8% |
| Profit (loss) for the period9904 | €139,391 | €79,772 | €123,734 | €202,813 | -€12,352 | ▼ 106% |
| Transfer to tax-exempt reserves689 | €44,000 | €37,000 | €24,000 | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €95,391 | €42,772 | €99,734 | €202,813 | -€12,352 | ▼ 106% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.3m | €1.1m | €1.4m | €1.4m | = |
| Fixed assets21/28 | €652,949 | €772,816 | €608,929 | €367,751 | €168,314 | ▼ 54.2% |
| Tangible fixed assets22/27 | €652,949 | €772,816 | €608,929 | €367,751 | €167,234 | ▼ 54.5% |
| Plant, machinery and equipment23 | €59,127 | €23,627 | €13,313 | €9,299 | €2,038 | ▼ 78.1% |
| Furniture and vehicles24 | €593,822 | €749,190 | €595,616 | €358,452 | €165,196 | ▼ 53.9% |
| Financial fixed assets28 | - | - | - | - | €1,080 | - |
| Current assets29/58 | €549,176 | €553,998 | €525,325 | €995,800 | €1.2m | ▲ 20.1% |
| Amounts receivable within one year40/41 | €145,070 | €162,852 | €126,519 | €196,422 | €1.0m | ▲ 423% |
| Trade receivables40 | €145,070 | €157,990 | €116,519 | €196,422 | €522,247 | ▲ 166% |
| Other amounts receivable41 | €0 | €4,862 | €10,000 | €0 | €504,363 | - |
| Current investments50/53 | €7,000 | €7,000 | €7,000 | €7,000 | €7,000 | = |
| Cash at bank and in hand54/58 | €386,672 | €354,252 | €391,806 | €784,147 | €157,916 | ▼ 79.9% |
| Deferred charges and accrued income490/1 | €10,433 | €29,894 | €0 | €8,231 | €4,000 | ▼ 51.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.3m | €1.1m | €1.4m | €1.4m | = |
| Equity10/15 | €1.0m | €1.1m | €922,616 | €1.1m | €1.1m | ▼ 1.1% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €986,232 | €1.1m | €904,024 | €1.1m | €1.1m | ▼ 1.1% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €0 | - | - | - |
| Tax-exempt reserves132 | €340,177 | €377,177 | €401,177 | €401,177 | €401,177 | = |
| Distributable reserves133 | €644,196 | €686,968 | €502,847 | €705,660 | €693,308 | ▼ 1.8% |
| Profit (loss) carried forward14 | €0 | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €197,301 | €242,219 | €211,639 | €238,123 | €250,763 | ▲ 5.3% |
| Amounts payable after more than one year17 | €22,000 | €4,400 | €0 | - | - | - |
| Financial debts170/4 | €22,000 | €4,400 | €0 | - | - | - |
| Amounts payable within one year42/48 | €175,301 | €237,819 | €211,639 | €238,123 | €250,763 | ▲ 5.3% |
| Current portion of amounts payable after more than one year42 | €17,600 | €17,600 | €4,400 | €0 | - | - |
| Trade debts44 | €42,410 | €78,700 | €25,405 | €34,625 | €73,322 | ▲ 112% |
| Suppliers440/4 | €42,410 | €78,700 | €25,405 | €34,625 | €73,322 | ▲ 112% |
| Taxes, remuneration and social security45 | €115,291 | €141,519 | €181,834 | €203,497 | €177,441 | ▼ 12.8% |
| Taxes450/3 | €80,464 | €57,265 | €105,154 | €117,063 | €89,315 | ▼ 23.7% |
| Remuneration and social security454/9 | €34,827 | €84,254 | €76,680 | €86,434 | €88,126 | ▲ 2.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €139,391 | €79,772 | €123,734 | €202,813 | -€12,352 | ▼ 106% |
| + Depreciation and write-downs630 | €299,982 | €300,119 | €283,240 | €263,894 | €200,517 | ▼ 24.0% |
| Operating cash flow (approximation) | €439,373 | €379,891 | €406,975 | €466,707 | €188,165 | ▼ 59.7% |
| Investment in fixed assets (approximation) | - | -€419,986 | -€119,353 | -€22,716 | -€1,080 | ▲ 95.2% |
| Change in cash | - | -€32,420 | €37,554 | €392,341 | -€626,232 | ▼ 260% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€12,352
Net result drops to -€12,352, the lowest in the series.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €202,813 ▲63.9%
Operating result €281,334, net result €202,813, both a record.
31-12
Financial
Equity above €1mEq €1.1m ▲22%
7 profitable years in a row build equity to €1.1m.
21-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €1mEq €1.0m ▲16.1%
4 profitable years in a row build equity to €1.0m.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €1mEq €1.0m ▲8.9%
2 profitable years in a row build equity to €1.0m.
Show earlier events
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-06
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 4 acts read
About the unread acts
We know of 4 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
4 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, Hulshout · 2 establishment units since 1995
Ground area
3.6 ha
Building footprint
1.3 ha
Volume, LiDAR
66,292 m³
2 parcels, Flanders · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
51
companies at this address
See who is registered here
2 establishment units
Corbeillestraat 40, 2235 Hulshout
since 19952.070.449.855
Bell-Telephonelaan 3, 2440 Geel
since 20122.215.940.749
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13375M0234/00Y000 | Flanders | 2.9 ha | 1 · 7,396 m² | 11.8 m · 3 fl. |
| 13050B0068/00F003 | Flanders | 6,458 m² | 1 · 5,649 m² | 9.4 m |
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.
Structure & network
Part of the group
Smart Recycling Partners
10 companies
Group, risk and exposure
Owners and holdings
2 ownersChain of control
- Smart Recycling Partners
- SRP Trans
Highest known parent: Smart Recycling Partners. The sources do not say who stands above it.
Owners 2
-
51%
- Sourceaccounts BOONS 202549%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 4 entries · 13,537 EUR awarded · 13,536 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 401 EUR | 401 EUR |
| 2023 | 2 | 12,990 EUR | 13,087 EUR |
| 2022 | 1 | 146 EUR | 48 EUR |
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Of 12,584 companies in sector 49410 we hold annual accounts for 8,204. 3,963 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
Founded22-02-1995
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
49420Removal services
77120Rental and leasing activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0454448859
Registered
06-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.