Active BE 0412.030.858Public limited company

Suntrans

Hoevestraat 25 ·1755 Pajottegem, Belgium· 54 yrs active

Sector: Freight transport by road (49410)

Conclusion Checked

Suntrans has been active since 1972 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.27M and a net result of €12k. Equity is growing by ~11.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 852 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€1.27M
Net result	€12k
Better than sector	95%
Active	54 yrs

Financial profile 5 of 5 axes measured · computed by Checked

76 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 94

Profitability 48

Solvency 100

Growth 37

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.4% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1972, 54 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

94 / 100 Excellent

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€45k

estimate, not credit advice

Score history

100 2021

94 2022

100 2023

100 2024

94 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 9.43 (≥ 1.5) +10

Quick ratio Quick ratio 9.43 (≥ 1.0) +5

Leverage Debt/equity 0.09 (< 1.0) +10

Profitability ROE 1% +3

EBITDA margin EBITDA-marge 39% (≥ 10%) +8

Interest coverage Interest coverage 879.5× (≥ 3×) +8

Profit trend Net profit down YoY -3

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview49 NBB filings

Annual accounts filed on 10-07-2026 with the NBB · fiscal year 2025 · full schema

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~11.5%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 49, Land transport and transport via pipelines · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	91.6%	39.8%	better than 95% of 852 sector peers
Net result	€12k	€52k	better than 35% of 852 sector peers
Equity	€1.27M	€936k	better than 58% of 852 sector peers
Gross operating margin	€197k	€759k	better than 24% of 507 sector peers
Staff costs	€0	€1.13M	higher than 5% of 771 sector peers

Revenue

€438k

+2.3% 21-25

EBITDA

€171k

-14.4% 21-25

Net profit

€12k

-91.2% 21-25

Cash flow

€58k

-69.3% 21-25

Total assets

€1.39M

+7.3% 21-25

Equity

€1.27M

+0.9% 21-25

Working capital

€973k

+4.5% 21-25

Employees (FTE)

2

-25.0% 21-25

Staff costs

€0

-100.0% 21-25

Income taxes

€123k

+718.2% 21-25

Debt

€117k

+236.3% 21-25

Debt ≤ 1y

€115k

+248.1% 21-25

Debt > 1y

€60k

0.0% 21-25

Current ratio

9.43

-67.6% 21-25

Quick ratio

9.43

-67.6% 21-25

Solvency

91.6%

-5.9% 21-25

Debt / equity

0.09

+233.1% 21-25

ROE

0.9%

-91.3% 21-25

ROA

0.9%

-91.8% 21-25

Net margin

2.7%

-91.4% 21-25

EBITDA margin

39.0%

-16.4% 21-25

Interest coverage

879.53

+213.0% 21-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022	2021
Deposit	full schema	abbreviated schema	abbreviated schema	abbreviated schema	abbreviated schema
Revenue	€438k	€428k	€661k	€570k	€621k
EBITDA	€171k	€200k	€333k	€136k	€180k
Net profit	€12k	€135k	€223k	€45k	€86k
Cash flow	€58k	€187k	€337k	€118k	€159k
Staff costs	€0	€9k	€14k	€76k	€105k
Income taxes	€123k	€15k	€-4k	€18k	€24k
Dividends	-	-	-	-	-
Total assets	€1.39M	€1.29M	€1.20M	€1.02M	€1.02M
Equity	€1.27M	€1.26M	€1.12M	€899k	€854k
Debt	€117k	€35k	€82k	€120k	€171k
of which ≤ 1y	€115k	€33k	€80k	€58k	€109k
of which > 1y	-	-	-	€60k	€60k
Working capital	€973k	€931k	€745k	€525k	€416k
Employees (FTE)	-	-	-	1.8	2.4

Note: these years are not on the same basis. The filed schemas differ (full schema, abbreviated schema), so the columns are not directly comparable.

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	9.43	29.09	10.27	10.00	4.83
Quick ratio	9.43	29.09	10.27	10.00	4.83
Working capital ratio	70.2%	72.1%	61.9%	51.5%	40.6%
Solvency	91.6%	97.3%	93.2%	88.2%	83.3%
Debt / equity	0.09	0.03	0.07	0.13	0.20
Long-term debt ratio	-	-	-	0.07	0.07
Interest coverage	879.53	280.97	402.04	77.24	98.86
Gross margin	44.4%	53.8%	56.6%	40.5%	48.4%
Net margin	2.7%	31.6%	33.8%	7.9%	13.9%
ROA	0.9%	10.5%	18.5%	4.4%	8.4%
ROE	0.9%	10.8%	19.9%	5.0%	10.1%
EBITDA margin	39.0%	46.7%	50.3%	23.9%	29.0%
Days sales outstanding	34d	13d	4d	21d	17d
Days payable outstanding	67d	31d	52d	43d	29d
Inventory turnover	-	-	-	-	-
Days inventory (DSI)	-	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €298k · 21.5% Current assets €1.09M · 78.5%

Equity & liabilities

Equity €1.27M · 91.6% Debt €117k · 8.5%

Full annual accounts (25 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.39M	€1.29M	€1.20M	€1.02M	€1.02M
Fixed assets	21/28	€298k	€328k	€378k	€436k	€500k
Tangible fixed assets	22/27	€294k	€324k	€375k	€432k	€497k
Financial fixed assets	28	€4k	€4k	€4k	€4k	€4k
Current assets	29/58	€1.09M	€964k	€826k	€583k	€524k
Amounts receivable within one year	40/41	€242k	€127k	€319k	€101k	€245k
Cash & bank	54/58	€847k	€838k	€507k	€482k	€279k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.39M	€1.29M	€1.20M	€1.02M	€1.02M
Equity	10/15	€1.27M	€1.26M	€1.12M	€899k	€854k
Contributions / capital	10/11	€124k	€124k	€124k	€124k	€124k
Reserves	13	€352k	€352k	€352k	€349k	€349k
Accumulated profits (losses)	14	€793k	€781k	€646k	€426k	€381k
Amounts payable	17/49	€117k	€35k	€82k	€120k	€171k
Amounts payable after one year	17	-	-	-	€60k	€60k
Amounts payable within one year	42/48	€115k	€33k	€80k	€58k	€109k
Trade debts payable within one year	44	€45k	€17k	€41k	€40k	€25k
Income statement
Turnover	70	€438k	€428k	€661k	€570k	€621k
Gross operating margin	9900	€197k	€233k	€377k	€234k	€306k
Operating result	9901	€125k	€148k	€219k	€63k	€108k
Financial income	75	€9k	€3k	€834	€2k	€4k
Financial charges	65	€194	€711	€828	€2k	€2k
Result before taxes	9903	€135k	€150k	€219k	€63k	€110k
Income taxes	67/77	€123k	€15k	€-4k	€18k	€24k
Net result for the period	9904	€12k	€135k	€223k	€45k	€86k
Result to be appropriated	9905	€12k	€135k	€220k	€45k	€86k

Legal Structure

NACE primary	Freight transport by road(49410)
Legal form	Public limited company(014)
Incorporation	16-02-1972
Status	Active
Postal code	1755

Establishment units 1 location

Hoevestraat 25, 1755 Pajottegem

NACE 6024103

since 19822.021.477.327

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23024D0923/00A000	Flanders	1,128 m²	1 · 2,702 m²	11.4 m · 2 fl.

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.

Updates 11 events

All 16Financial 5Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

10-07

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

31-12

Financial Weakest financial yearnet €12k ▼91.2%

Net result drops to €12k, the lowest in the series.

29-07

State Gazette act Capital & shares

Hendrik Muyshondt

03-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Liquidity triplescurrent ratio 29.09

Current ratio from 10.27 to 29.09; short-term debt falls from €80k to €33k.

28-06

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Highest result since 2021net €223k ▲396%

Operating result €219k, net result €223k, both a record.

31-12

Financial Equity above €1MEq €1.12M ▲24.8%

3 profitable years in a row build equity to €1.12M.

13-07

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

31-12

Financial Liquidity doublescurrent ratio 10.00

Current ratio from 4.83 to 10.00; short-term debt falls from €109k to €58k.

26-07

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

16-07

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

22-07

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

28-06

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

18-06

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

16-06

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 3 acts read

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

Capital history · 1

29-07-2025

Capital change

All acts · 1 updated 1 year ago

2025

29-07-2025 All shares are now held by a single shareholder Capital & shares·Hendrik Muyshondt

Notary: Hendrik Muyshondt · Halle

Original publication ↗

Technical details

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    {
      "kind": "eenhoofdigheid_declaration",
      "after_eur": null,
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      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
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      "statutory_unavailable_equity_op": null
    },
    {
      "kind": "share_split",
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      "distribution_amount_eur": null,
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    }
  ],
  "notary": {
    "name": "Hendrik Muyshondt",
    "firm_city": null,
    "firm_name": null,
    "office_city": "Halle",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2025-07-29",
    "filing_date": "2025-07-25",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "algemene_vergadering",
    "act_date": "2025-02-26",
    "unanimous": null,
    "under_authorized_capital": false,
    "underlying_resolution_date": null
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0412.030.858",
    "name_full": "Suntrans",
    "legal_form": "Naamloze vennootschap",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "shareholders_after": [],
  "share_classes_after": []
}

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Freight transport by road49410

Names & trade names

Legal nameNL

Suntrans

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