TAN TRANS
ActiveSummary
TAN TRANS has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €109,441 and a net result of -€17,330. Equity is growing by ~21.4% per year across the filed fiscal years. Its solvency ranks better than 91% of 4735 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability52▼-24
Solvency100=
Growth60▼-17
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 3.56 against 5.51 in 2024; short-term debt: 13.8% and cash: 23.9% of total assets), and 13.8% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
+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 →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
89 d late
2023
411 d late
2022
774 d late
2021
80 d late
2020
61 d late
2019
74 d late
← 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 217 days after 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 28 October (4 of the last 5 filed years within 323 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€267,405▼ 13.3%
2021 · €308,436
EBIT margin
7.6%▲ 3.6pp
2021 · 4.0%
Net result
-€17,330
2024 · €8,146
Working capital
€44,678▼ 55.6%
2024 · €100,568
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€308,436▲ 22.2%€267,405▼ 13.3%
Operating result€12,482▼ 65.8%€20,439▲ 63.7%€53,987▲ 164%€11,517▼ 78.7%-€11,425
Net result€1,434within the sector's middle half▼ 95.6%€19,118within the sector's middle half▲ 1,233%€33,318above the sector's middle half▲ 74.3%€8,146within the sector's middle half▼ 75.5%-€17,330below the sector's middle half
EBIT margin4.0%▼ 10.4pp7.6%▲ 3.6pp
Equity€65,836within the sector's middle half▲ 2.2%€84,954within the sector's middle half▲ 29.0%€118,271above the sector's middle half▲ 39.2%€126,771above the sector's middle half▲ 7.2%€109,441within the sector's middle half▼ 13.7%
Total assets€116,093within the sector's middle half▼ 2.5%€100,519within the sector's middle half▼ 13.4%€141,826within the sector's middle half▲ 41.1%€149,091within the sector's middle half▲ 5.1%€126,924within the sector's middle half▼ 14.9%
Debt€50,257▼ 8.1%€15,565▼ 69.0%€23,555▲ 51.3%€22,321▼ 5.2%€17,483▼ 21.7%
Working capital€19,274within the sector's middle half▲ 16.0%€44,754within the sector's middle half▲ 132%€76,807above the sector's middle half▲ 71.6%€100,568above the sector's middle half▲ 30.9%€44,678within the sector's middle half▼ 55.6%
Solvency56.7%within the sector's middle half▲ 2.6pp84.5%above the sector's middle half▲ 27.8pp83.4%above the sector's middle half▼ 1.1pp85.0%above the sector's middle half▲ 1.6pp86.2%above the sector's middle half▲ 1.2pp
Current ratio1.51within the sector's middle half▼ 0.253.88above the sector's middle half▲ 2.374.26above the sector's middle half▲ 0.395.51above the sector's middle half▲ 1.243.56above the sector's middle half▼ 1.95
Return on assets (ROA)1.2%within the sector's middle half▼ 26.2pp19.0%above the sector's middle half▲ 17.8pp23.5%above the sector's middle half▲ 4.5pp5.5%within the sector's middle half▼ 18.0pp-13.7%below the sector's middle half▼ 19.1pp
Staff (FTE)1.8
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 turns negative in 2025: a loss of €11,425 after €11,517 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €126,924
Fixed assets
€64,763 ▲ 147%
Current assets
€62,161 ▼ 49.4%
Equity and liabilities €126,924
Equity
€109,441 ▼ 13.7%
Debt
€17,483 ▼ 21.7%
Debt's share of the balance-sheet total falls from 15.0% to 13.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€2,953▼
2024 · €25,661
Cash flow
-€2,951▼
2024 · €22,291
Debt to equity
0.16▼
2024 · 0.18
ROE
-15.8%▼
2024 · 6.4%
Interest coverage
6.06▼
2024 · 66.22
Debt ≤ 1 year
€17,483▼
2024 · €22,321
Income taxes
€5,432▲
2024 · €3,935
Staff costs
€1,066▲
2024 · -€3,114
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.0%
went bankrupt
9.8%
stopped otherwise
88%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% 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 4,805 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €308,436 | €267,405 | - | - | - | - |
| Non-recurring operating income76A | - | - | - | €15,983 | €500 | ▼ 96.9% |
| Goods, raw materials, services and sundry goods60/61 | €167,320 | €153,760 | - | - | - | - |
| Remuneration, social security and pensions62 | €82,658 | €61,467 | €41,976 | -€3,114 | €1,066 | ▲ 134% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,283 | €21,867 | €15,768 | €14,145 | €14,378 | ▲ 1.7% |
| Other operating charges640/8 | €16,693 | €9,872 | €8,288 | €6,877 | €5,779 | ▼ 16.0% |
| Gross operating margin9900 | €141,116 | €113,645 | €120,020 | €29,424 | €9,798 | ▼ 66.7% |
| Operating profit (loss)9901 | €12,482 | €20,439 | €53,987 | €11,517 | -€11,425 | ▼ 199% |
| Financial income75/76B | €0 | - | €416 | €952 | €15 | ▼ 98.5% |
| Recurring financial income75 | €0 | - | €416 | €952 | €15 | ▼ 98.5% |
| Non-recurring financial income76B | €0 | - | - | - | - | - |
| Financial charges65/66B | €2,212 | €1,321 | €1,409 | €387 | €487 | ▲ 25.7% |
| Recurring financial charges65 | €1,719 | €1,079 | €1,409 | €387 | €487 | ▲ 25.7% |
| Non-recurring financial charges66B | €493 | €242 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €10,270 | €19,118 | €52,993 | €12,081 | -€11,898 | ▼ 198% |
| Income taxes67/77 | €8,836 | - | €19,676 | €3,935 | €5,432 | ▲ 38.1% |
| Profit (loss) for the period9904 | €1,434 | €19,118 | €33,318 | €8,146 | -€17,330 | ▼ 313% |
| Profit (loss) for the period to be appropriated9905 | €1,434 | €19,118 | €33,318 | €8,146 | -€17,330 | ▼ 313% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €116,093 | €100,519 | €141,826 | €149,091 | €126,924 | ▼ 14.9% |
| Fixed assets21/28 | €58,717 | €40,200 | €41,465 | €26,203 | €64,763 | ▲ 147% |
| Tangible fixed assets22/27 | €48,167 | €29,650 | €30,915 | €15,653 | €57,713 | ▲ 269% |
| Plant, machinery and equipment23 | - | - | €355 | €178 | €0 | ▼ 100.0% |
| Furniture and vehicles24 | €48,167 | €29,650 | €30,559 | €15,475 | €57,713 | ▲ 273% |
| Financial fixed assets28 | €10,550 | €10,550 | €10,550 | €10,550 | €7,050 | ▼ 33.2% |
| Current assets29/58 | €57,376 | €60,319 | €100,361 | €122,888 | €62,161 | ▼ 49.4% |
| Amounts receivable within one year40/41 | €4,789 | €20,846 | €24,985 | €63,291 | €25,953 | ▼ 59.0% |
| Trade receivables40 | - | €11,185 | €9,761 | €28,790 | €20,463 | ▼ 28.9% |
| Other amounts receivable41 | €4,789 | €9,661 | €15,225 | €34,500 | €5,490 | ▼ 84.1% |
| Cash at bank and in hand54/58 | €52,587 | €39,473 | €73,882 | €57,517 | €30,288 | ▼ 47.3% |
| Deferred charges and accrued income490/1 | - | - | €1,494 | €2,080 | €5,919 | ▲ 185% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €116,093 | €100,519 | €141,826 | €149,091 | €126,924 | ▼ 14.9% |
| Equity10/15 | €65,836 | €84,954 | €118,271 | €126,771 | €109,441 | ▼ 13.7% |
| Contributions10/11 | €9,700 | €9,700 | €9,700 | €9,700 | €9,700 | = |
| Outside capital11 | €9,700 | - | - | - | - | - |
| Share premium1100/10 | €9,700 | - | - | - | - | - |
| Profit (loss) carried forward14 | €56,136 | €75,254 | €108,571 | €117,071 | €99,741 | ▼ 14.8% |
| Amounts payable17/49 | €50,257 | €15,565 | €23,555 | €22,321 | €17,483 | ▼ 21.7% |
| Amounts payable after more than one year17 | €12,154 | - | - | - | - | - |
| Financial debts170/4 | €12,154 | - | - | - | - | - |
| Amounts payable within one year42/48 | €38,103 | €15,565 | €23,555 | €22,321 | €17,483 | ▼ 21.7% |
| Current portion of amounts payable after more than one year42 | €16,756 | €8,350 | - | - | - | - |
| Trade debts44 | €5,640 | €1,805 | - | - | - | - |
| Suppliers440/4 | €5,640 | €1,805 | - | - | - | - |
| Taxes, remuneration and social security45 | €15,706 | €5,410 | €23,555 | €22,321 | €17,112 | ▼ 23.3% |
| Taxes450/3 | €5,306 | €5,410 | €17,112 | €21,047 | €17,112 | ▼ 18.7% |
| Remuneration and social security454/9 | €10,400 | - | €6,442 | €1,274 | - | - |
| Other amounts payable47/48 | - | - | - | - | €370 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,434 | €19,118 | €33,318 | €8,146 | -€17,330 | ▼ 313% |
| + Depreciation and write-downs630 | €29,283 | €21,867 | €15,768 | €14,145 | €14,378 | ▲ 1.7% |
| Operating cash flow (approximation) | €30,718 | €40,985 | €49,086 | €22,291 | -€2,951 | ▼ 113% |
| Investment in fixed assets (approximation) | - | -€3,350 | -€17,033 | €1,117 | -€52,938 | ▼ 4,840% |
| Change in cash | - | -€13,114 | €34,409 | -€16,364 | -€27,229 | ▼ 66.4% |
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
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet -€17,330
Net result drops to -€17,330, the lowest in the series.
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 89 days late
15-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 411 days late
12-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 774 days late
2023
31-12
Financial
Highest result since 2018net €33,318 ▲74.3%
Operating result €53,987, net result €33,318, both a record.
31-12
Financial
Equity above €100,000Eq €118,271 ▲39.2%
6 profitable years in a row build equity to €118,271.
2022
31-12
Financial
Liquidity triplescurrent ratio 3.88
Current ratio from 1.51 to 3.88; short-term debt falls from €38,103 to €15,565.
19-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 80 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 1.76
Current ratio from 0.72 to 1.76; short-term debt falls from €34,612 to €21,990.
13-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 74 days late
Show earlier events
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
27-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 119 days late
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 18 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, Machelen (Brab.) · 1 establishment unit since 2016
Ground area
146 m²
Building footprint
51 m²
Volume, LiDAR
443 m³
Parcel 23015B0005/00B002, Flanders · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
TAN TRANS
since 20162.255.578.414
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23015B0005/00B002 | Flanders | 146 m² | 1 · 51 m² | 11.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,582 companies in sector 49410 we hold annual accounts for 8,205. 6,368 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 (pre-2019)
Founded24-07-2015
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
49420Removal services
52250Logistics services
53200Other postal and courier activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0634603890
Also
9925:BE0634603890
Registered
18-01-2026
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.