Equity
€28,283 from €67,735 in 2007
Equity fell by 58% in 18 years.
TGV TRUCKING
Lifetime
19 annual accounts with figures on one time axis, 21 filings since 2005peak €613,137 (2010)
€443,715▲ 12.6%
lowest -€90,220 (2009)
€8,486▼ 82.3%
peak €67,735 (2007)
€28,283▲ 40.9%
€498,861▲ 24.7%
peak 13.7 FTE (2010)
-not published
Board3 names since 2004
2 directorsDE GREEF Viviane and 1 other
Documentsfilings and deeds
03-06-202658 days before the deadline
2025micro format
Gross margin from €394,205 to €443,715Result from €47,838 to €8,486Equity from €20,067 to €28,283Debts from €400,077 to €498,861Investments €251,757Cash from €81,798 to €0
Key points
from the 2025 annual accountsDebts
€498,861 95% of the balance sheet
Financial debts 27%Suppliers 6%Taxes and wages 11%Other 55%
Of this, €374,486 falls due within a year.
Investments
€251,757 3.5 × depreciation
Green is investment, beige is depreciation.
Staff
5 FTE from 13.7 in 2010
Between 2010 and 2025, 64% of the full-time equivalents disappeared.
Filings
21 annual accounts since 2005
The 2017 accounts came 16 days late. The other nine of the last ten were filed on time.
Position in the sector
5.4%
Lower solvency than 81% of companies in land transport. Sector median 37.7% · 5,937 companies.
Checked score
64
Healthy
Financially stronger than 38% of micro companies in land transport (NACE 49)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 9,101 companies (NACE 49, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.0%
01-2025: 1.0%● unchanged vs 12-2024
02-2025: 1.0%● unchanged vs 01-2025
03-2025: 1.0%● unchanged vs 02-2025
04-2025: 1.1%▲ +0.1 percentage points vs 03-2025
05-2025: 1.0%▼ -0.1 percentage points vs 04-2025
06-2025: 1.0%● unchanged vs 05-2025
07-2025: 0.4%▼ -0.6 percentage points vs 06-2025lowest value
08-2025: 0.4%● unchanged vs 07-2025lowest value
09-2025: 0.4%● unchanged vs 08-2025lowest value
10-2025: 0.4%● unchanged vs 09-2025lowest value
11-2025: 0.4%● unchanged vs 10-2025lowest value
12-2025: 0.4%● unchanged vs 11-2025lowest value
01-2026: 0.4%● unchanged vs 12-2025lowest value
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.5%▲ +0.1 percentage points vs 04-2026
06-2026: 0.4%▼ -0.1 percentage points vs 05-2026
07-2026: 1.2%▲ +0.8 percentage points vs 06-2026
08-2026: 1.2%● unchanged vs 07-2026highest value
09-2026: 1.2%● unchanged vs 08-2026highest value
10-2026: 1.2%● unchanged vs 09-2026highest value
11-2026: 1.2%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Sector: Land transport and transport via pipelines (NACE 49)
Liquidity: current ratio 0.39, cash €0, halved
lowers risk
Founded in 2004
Size: total assets €527,144
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, micro). It does better than 18% of them on solvency, 11% on liquidity, 45% on profitability and 78% on growth.
The bankruptcy probability was computed on 06-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 1,083 companies had the same profile as TGV TRUCKING has now. Each dot stands for 3 companies, two years later.
96.9%
were still trading
2.2%
stopped another way
0.8%
went bankrupt
The bankruptcy probability of TGV TRUCKING itself is higher: 1.2% within 12 months. It rests on far more data about TGV TRUCKING than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,083 companies, not a prediction for TGV TRUCKING. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.39 (0.69 in 2024), below 1. Short-term debt is 71% and cash 0% of total assets. 94.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 5937 sector peers (2025).
NBB · sector comparisonPosition among 5937 sector peers
Solvency
better than 19%
← weakest
strongest →
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 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 days early
2024
51 days early
2023
16 days early
2022
18 days early
2021
3 days early
2020
1 day early
2019
53 days early
← 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 29 days before 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 13 July (4 of the last 5 accounts filed within 33 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0865443502
Legal-form change · Resignations & appointments
“De groot- en kleinhandel in kledij,zowel nationaal als internationaal,in de ruimste zin van het woord…” (deed in Dutch) · Director in office: DE GREEF Viviane · Director in office: SCHUERMANS Tom (director (not named in the articles)) · General meeting of 29-03-2023 · Gazette deed
Appointment: Schueremans Tom (director)
General meeting of 18-08-2020 · Gazette deed
First establishment
René Eversstraat 33, Herent
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TGV TRUCKING Herent | €527,144 | €443,715 | 5.4% | - |
| VERVOER AELBRECHT JOS Merchtem | €567,421 | €502,434 | 32.8% | 3.4 |
| Pat Trans Liedekerke | €493,619 | €351,581 | 66.0% | 3 |
| SEV Machelen (Brab.) | €486,530 | €348,102 | 44.6% | - |
| ALIAS Vilvoorde | €611,294 | €570,810 | 29.9% | 7 |
| SCALTRANS Malmedy | €557,087 | €460,255 | 4.4% | 5 |
| M.C. TERRASSEMENTS Charleroi | €471,892 | €438,032 | 38.3% | 6.7 |
These companies have the same main activity as TGV TRUCKING: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €472,000 and €611,000, founded between 2004 and 2006.
Official details
Source: KBO- Status
- Active since 25-05-2004Normal situation
- Activity
- Freight transport by roadNACE 49410
- Joint committee
- 140.03Road transport and logistics for third parties · annual accounts 2025
- Establishment unit
- 2.137.902.4673020 Herent, since 12-07-2004
- Financial year end
- 31 December
- Peppol
- Reachable since 10-06-2025
Annual accounts 2025
- ≈ €1.0mestimated
- €527,144▲ 25.5%
- Employeeson 31-12-2025
- 5▲ 25.0%
- Filing
- Filed on 03-06-2026, 58 days before the end of the filing period
Insights on TGV TRUCKING
TGV TRUCKING files the micro format. That format states no turnover. The gross margin rose from €420,294 in 2007 to €443,715 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TGV TRUCKING
- What is the company number of TGV TRUCKING?
- The company number of TGV TRUCKING is 0865.443.502. The VAT number is the same number with BE in front: BE 0865.443.502.
- Where is TGV TRUCKING based?
- The registered office is at René Eversstraat 33, 3020 Herent.Company details
- What does TGV TRUCKING do?
- According to the KBO register, the main activity is freight transport by road (NACE 49410).
- What is the legal form of TGV TRUCKING?
- TGV TRUCKING is a private limited company (BV).
- When was TGV TRUCKING founded?
- TGV TRUCKING was founded on 25-05-2004.
- Is TGV TRUCKING still active?
- Yes, TGV TRUCKING is an active enterprise in the KBO register.
- How many employees does TGV TRUCKING have?
- TGV TRUCKING had an average of 5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does TGV TRUCKING fall under?
- In its 2025 annual accounts, TGV TRUCKING states joint committee 140.03 (Road transport and logistics for third parties).
- What is the turnover of TGV TRUCKING?
- The turnover in financial year 2025 is ≈ €1.0m. This figure is estimated from the gross margin of €443,715 and 49 comparable companies (NACE 49410). It probably lies between €850,000 and €1.3m.
- Is TGV TRUCKING profitable?
- In financial year 2025, TGV TRUCKING made a profit of €8,486.
- Where can I find the annual accounts of TGV TRUCKING?
- TGV TRUCKING filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TGV TRUCKING due?
- TGV TRUCKING must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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