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TBS TRANSPORT

Active
Private limited companyfounded 2012active for 14 yearsRue Jean Watrin(Reb) 24, 7804 Ath, BelgiumKBO/BCE: BE 0846.789.511
Summary

The computed 12-month bankruptcy probability of TBS TRANSPORT is 6.6% (elevated). The 2025 annual accounts show negative equity (-€49,860) and a net result of -€91,988. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 8% of 1,081 sector peers (NACE 49, financial year 2025). The company has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

Source: KBO
Status
Active since 22-06-2012 Normal situation
Activity
Freight transport by road NACE 49410and 3 others
Establishment unit
2.212.187.542 7850 Enghien, since 12-09-2012
Financial year end
31 December
Peppol
Reachable since 08-10-2025

Board and ownership

Board

Financial position

32 Weak Checked score 2025
Bankruptcy probabilitywithin 12 months
6.6%
Annual accounts 2025
Gross margin
€928,353
▲ 6.5%
Turnover
≈ €2.0m
estimated
Loss
€91,988
Equity
-€49,860
Total assets
€885,238
▼ 9.9%
Employees on 31-12-2025
12
▲ 9.1%
  • Negative equity on 31-12-2025
  • 2025 accounts filed 27 days after the deadline
Score breakdownraises riskNegative equity -€49,860Loss of €91,988 (financial year 2025)Liquidity: current ratio 0.51, cash €442, halvedSector: Land transport and transport via pipelines (NACE 49)Show the evidence

Checked score

Score 2025
32 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially stronger than 4% of small companies in land transport (NACE 49)
Financial strength · tick: 2024
Weak
Solvency 19-11
equity -5.6% of total assets
Liquidity 6-7
short-term debt 81.2% · cash 0.0%
Profitability 18-52
return on assets -10.4%
Bankruptcy probability within 12 months
6.6% Elevated
0%0.5%1.5%4%10%≥ 25%

About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (1,178 companies, NACE 49, small)
Last 24 months 12-2024: 1.5% 01-2025: 1.5%● unchanged vs 12-2024 02-2025: 1.5%● unchanged vs 01-2025 03-2025: 1.5%● unchanged vs 02-2025 04-2025: 1.4%▼ -0.1 percentage points vs 03-2025 05-2025: 1.4%● unchanged vs 04-2025 06-2025: 1.4%● unchanged vs 05-2025lowest value 07-2025: 1.7%▲ +0.3 percentage points vs 06-2025 08-2025: 1.8%▲ +0.1 percentage points vs 07-2025 09-2025: 1.8%● unchanged vs 08-2025 10-2025: 1.8%● unchanged vs 09-2025 11-2025: 1.8%● unchanged vs 10-2025 12-2025: 1.8%● unchanged vs 11-2025 01-2026: 1.8%● unchanged vs 12-2025 02-2026: 1.8%● unchanged vs 01-2026 03-2026: 1.8%● unchanged vs 02-2026 04-2026: 1.8%● unchanged vs 03-2026 05-2026: 1.8%● unchanged vs 04-2026 06-2026: 1.8%● unchanged vs 05-2026 07-2026: 1.9%▲ +0.1 percentage points vs 06-2026 08-2026: 3.0%▲ +1.1 percentage points vs 07-2026 09-2026: 6.6%▲ +3.6 percentage points vs 08-2026highest value 10-2026: 6.6%● unchanged vs 09-2026highest value 11-2026: 6.6%● unchanged vs 10-2026highest value
No credit on open account
Liquidity is insufficient, with a current ratio of 0.51 (0.71 in 2024), below 1. Short-term debt is 81.2% and cash 0% of total assets. Equity is negative.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, small). It does better than 4% of them on solvency, 3% on liquidity, 6% on profitability and 1% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
raises risk
raises risk · Negative equity -€49,860
NBB · annual accounts
raises risk · Loss of €91,988 (financial year 2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.51, cash €442, halved
NBB · annual accounts
raises risk · Sector: Land transport and transport via pipelines (NACE 49)
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€49,860
raises risk · 2025 accounts filed 27 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
27 days late
2024
21 days early
2023
23 days early
2022
18 days late
2021
59 days late
2020
17 days late
2019
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 11 days after the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 18 August (4 of the last 5 accounts filed within 40 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2025 -€49,860 View
  • Caution: From profit to loss in 2025after a profit of €13,297 in 2024 -€91,988 View
  • Caution: Less equity than 93% of companies in land transportsector median €996,960 · 1,080 companies -€49,860 View
  • Caution: Board changedlatest change 26-05-2026 · 1 in office 1 joined · 1 left View

Recent changes

  1. · Gazette deed Registered office moved from Enghien to Ath
  2. · Gazette deed Resignation: Basteleysens Jonathan (director)Appointment: Da Silva Moreira Fagner (director)
  3. · Gazette deed Change of role: Basteleysens, Jonathan, from manager to director
All 17 events

Comparable companies

These companies have the same main activity as TBS TRANSPORT: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €818,000 and €1.2m, founded between 2009 and 2013.

CompanyTotal assetsGross margin
TBS TRANSPORT Ath€0.9m€0.9m
HAZARD Tournai€1.1m€1.0m
MY LEASE Jette€0.9m€0.9m
RH TRANS Retie€0.8m€0.8m
HAYAM TRANSPORT Erpe-Mere€1.0m€0.9m
O.L.A TRANS Liège€0.9m€0.8m
TRANSAUB Tournai€1.2m€0.9m
Full comparison

Key facts about TBS TRANSPORT

What is the company number of TBS TRANSPORT?
The company number of TBS TRANSPORT is 0846.789.511. The VAT number is the same number with BE in front: BE 0846.789.511.
Where is TBS TRANSPORT based?
The registered office is at Rue Jean Watrin(Reb) 24, 7804 Ath.Company details
What does TBS TRANSPORT do?
According to the KBO register, the main activity is freight transport by road (NACE 49410).
What is the legal form of TBS TRANSPORT?
The legal form of TBS TRANSPORT is Private limited company (BV).
When was TBS TRANSPORT founded?
TBS TRANSPORT was founded on 22-06-2012.
Is TBS TRANSPORT still active?
Yes, TBS TRANSPORT is an active enterprise in the KBO register.
How many employees does TBS TRANSPORT have?
TBS TRANSPORT had an average of 13.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of TBS TRANSPORT?
The turnover in financial year 2025 is ≈ €2.0m. This figure is estimated from the gross margin of €928,353 and 38 comparable companies (NACE 49410). It probably lies between €1.6m and €3.0m. In financial year 2020 turnover was €1.8m.
Is TBS TRANSPORT profitable?
In financial year 2025, TBS TRANSPORT made a loss of €91,988.
Where can I find the annual accounts of TBS TRANSPORT?
TBS TRANSPORT filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of TBS TRANSPORT due?
TBS TRANSPORT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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