TIWITRANS
ActiveSummary
TIWITRANS has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €156,267 and a net result of €12,950. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 77% of 81 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-6
Solvency95▼-5
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 4.56 against 7.46 in 2024; short-term debt: 11.2% and cash: 31.6% of total assets), and 30.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 50
Relative position
BE, all sectors
reference
Water transport (NACE 50)
about 39% fewer 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
69.9%
Return on assets
5.8%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 23-02-2026, 66 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
66 d early
2024
36 d early
2023
47 d early
2022
40 d early
2021
64 d early
2020
64 d early
2019
35 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 50 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 41% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 15 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€156,267▼ 9.9%
2024 · €173,354
Total assets
€223,571▲ 15.9%
2024 · €192,895
Net result
€12,950▼ 38.3%
2024 · €20,990
Working capital
€89,165▼ 29.4%
2024 · €126,324
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 50, Water transport, 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€25,224▼ 31.7%€30,266▲ 20.0%€42,026▲ 38.9%€29,589▼ 29.6%€19,616▼ 33.7%
Net result€16,507within the sector's middle half▼ 35.9%€19,064within the sector's middle half▲ 15.5%€30,631within the sector's middle half▲ 60.7%€20,990within the sector's middle half▼ 31.5%€12,950within the sector's middle half▼ 38.3%
Equity€199,504within the sector's middle half▼ 2.3%€182,514within the sector's middle half▼ 8.5%€175,251within the sector's middle half▼ 4.0%€173,354below the sector's middle half▼ 1.1%€156,267within the sector's middle half▼ 9.9%
Total assets€233,688below the sector's middle half▼ 11.5%€219,819below the sector's middle half▼ 5.9%€186,142below the sector's middle half▼ 15.3%€192,895below the sector's middle half▲ 3.6%€223,571below the sector's middle half▲ 15.9%
Debt€34,185▼ 42.9%€37,305▲ 9.1%€10,891▼ 70.8%€19,541▲ 79.4%€67,304▲ 244%
Working capital€111,707within the sector's middle half▲ 9.2%€108,980within the sector's middle half▼ 2.4%€112,896within the sector's middle half▲ 3.6%€126,324within the sector's middle half▲ 11.9%€89,165within the sector's middle half▼ 29.4%
Solvency85.4%above the sector's middle half▲ 8.0pp83.0%above the sector's middle half▼ 2.3pp94.1%above the sector's middle half▲ 11.1pp89.9%above the sector's middle half▼ 4.3pp69.9%above the sector's middle half▼ 20.0pp
Current ratio5.06above the sector's middle half▲ 0.943.92above the sector's middle half▼ 1.1411.37above the sector's middle half▲ 7.447.46above the sector's middle half▼ 3.904.56above the sector's middle half▼ 2.90
Return on assets (ROA)7.1%within the sector's middle half▼ 2.7pp8.7%within the sector's middle half▲ 1.6pp16.5%above the sector's middle half▲ 7.8pp10.9%above the sector's middle half▼ 5.6pp5.8%within the sector's middle half▼ 5.1pp
Staff (FTE)0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 50, Water transport, 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 has fallen two years in a row; 2025 is 34% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €223,571
Fixed assets
€109,392 ▲ 133%
Current assets
€114,179 ▼ 21.7%
Equity and liabilities €223,571
Equity
€156,267 ▼ 9.9%
Debt
€67,304 ▲ 244%
Debt's share of the balance-sheet total rises from 10.1% to 30.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€45,203▲
2024 · €44,914
Cash flow
€38,537▲
2024 · €36,315
Debt to equity
0.43▲
2024 · 0.11
ROE
8.3%▼
2024 · 12.1%
Interest coverage
32.16▼
2024 · 148.28
Debt ≤ 1 year
€25,014▲
2024 · €19,541
Debt > 1 year
€42,290
Income taxes
€5,957▼
2024 · €9,534
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
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 0.2% 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 31,371 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 | - | - | - | - | €1,653 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36,694 | €38,113 | €20,182 | €15,325 | €25,587 | ▲ 67.0% |
| Other operating charges640/8 | - | €3,009 | €3,339 | €3,215 | €5,906 | ▲ 83.7% |
| Gross operating margin9900 | €65,050 | €71,389 | €65,547 | €48,129 | €51,109 | ▲ 6.2% |
| Operating profit (loss)9901 | €25,224 | €30,266 | €42,026 | €29,589 | €19,616 | ▼ 33.7% |
| Financial income75/76B | - | €1,350 | €1,221 | €1,238 | €697 | ▼ 43.7% |
| Recurring financial income75 | €0 | €1,350 | €1,221 | €1,238 | €697 | ▼ 43.7% |
| Financial charges65/66B | - | €960 | €326 | €303 | €1,406 | ▲ 364% |
| Recurring financial charges65 | €1,814 | €960 | €326 | €303 | €1,406 | ▲ 364% |
| Profit (loss) for the period before taxes9903 | €23,410 | €30,657 | €42,921 | €30,524 | €18,907 | ▼ 38.1% |
| Income taxes67/77 | €6,903 | €11,593 | €12,290 | €9,534 | €5,957 | ▼ 37.5% |
| Profit (loss) for the period9904 | €16,507 | €19,064 | €30,631 | €20,990 | €12,950 | ▼ 38.3% |
| Transfer from tax-exempt reserves789 | - | €12,535 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €16,507 | €31,598 | €30,631 | €20,990 | €12,950 | ▼ 38.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €233,688 | €219,819 | €186,142 | €192,895 | €223,571 | ▲ 15.9% |
| Fixed assets21/28 | €94,487 | €73,534 | €62,355 | €47,030 | €109,392 | ▲ 133% |
| Tangible fixed assets22/27 | €94,487 | €73,534 | €62,355 | €47,030 | €100,392 | ▲ 113% |
| Land and buildings22 | - | €21,937 | €19,046 | €14,437 | €10,357 | ▼ 28.3% |
| Plant, machinery and equipment23 | - | €1,669 | €1,254 | €839 | €2,771 | ▲ 231% |
| Furniture and vehicles24 | - | €5,051 | €1,550 | €1,082 | €64,743 | ▲ 5,881% |
| Other tangible fixed assets26 | - | €44,877 | €40,505 | €30,672 | €22,522 | ▼ 26.6% |
| Financial fixed assets28 | - | - | - | - | €9,000 | - |
| Current assets29/58 | €139,202 | €146,285 | €123,787 | €145,865 | €114,179 | ▼ 21.7% |
| Amounts receivable after more than one year29 | - | €30,000 | €30,000 | €30,000 | €0 | ▼ 100% |
| Other amounts receivable291 | - | €30,000 | €30,000 | €30,000 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €17,909 | €35,495 | €35,254 | €43,360 | €35,965 | ▼ 17.1% |
| Trade receivables40 | - | €34,174 | €30,708 | €36,175 | €30,184 | ▼ 16.6% |
| Other amounts receivable41 | - | €1,320 | €4,546 | €7,185 | €5,782 | ▼ 19.5% |
| Cash at bank and in hand54/58 | €112,275 | €72,491 | €51,284 | €65,560 | €70,693 | ▲ 7.8% |
| Deferred charges and accrued income490/1 | - | €8,298 | €7,249 | €6,946 | €7,521 | ▲ 8.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €233,688 | €219,819 | €186,142 | €192,895 | €223,571 | ▲ 15.9% |
| Equity10/15 | €199,504 | €182,514 | €175,251 | €173,354 | €156,267 | ▼ 9.9% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €193,304 | €176,314 | €169,051 | €167,154 | €150,067 | ▼ 10.2% |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Tax-exempt reserves132 | - | €9,000 | €9,000 | €9,000 | €9,000 | = |
| Distributable reserves133 | - | €167,314 | €160,051 | €158,154 | €141,067 | ▼ 10.8% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €34,185 | €37,305 | €10,891 | €19,541 | €67,304 | ▲ 244% |
| Amounts payable after more than one year17 | €6,690 | €0 | - | - | €42,290 | - |
| Financial debts170/4 | - | €0 | - | - | €33,290 | - |
| Other amounts payable178/9 | - | - | - | - | €9,000 | - |
| Amounts payable within one year42/48 | €27,495 | €37,305 | €10,891 | €19,541 | €25,014 | ▲ 28.0% |
| Current portion of amounts payable after more than one year42 | - | €6,690 | €0 | - | €9,649 | - |
| Financial debts43 | - | - | €142 | €936 | €570 | ▼ 39.1% |
| Credit institutions430/8 | - | - | €142 | €936 | €570 | ▼ 39.1% |
| Trade debts44 | €1,822 | €13,000 | €2,439 | €6,976 | €8,426 | ▲ 20.8% |
| Suppliers440/4 | - | €13,000 | €2,439 | €6,976 | €8,426 | ▲ 20.8% |
| Taxes, remuneration and social security45 | - | €16,140 | €6,602 | €10,297 | €5,996 | ▼ 41.8% |
| Taxes450/3 | - | €15,780 | €6,450 | €10,297 | €5,996 | ▼ 41.8% |
| Remuneration and social security454/9 | - | €360 | €152 | €0 | - | - |
| Other amounts payable47/48 | - | €1,476 | €1,708 | €1,332 | €374 | ▼ 72.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,507 | €19,064 | €30,631 | €20,990 | €12,950 | ▼ 38.3% |
| + Depreciation and write-downs630 | €36,694 | €38,113 | €20,182 | €15,325 | €25,587 | ▲ 67.0% |
| Operating cash flow (approximation) | €53,202 | €57,177 | €50,813 | €36,315 | €38,537 | ▲ 6.1% |
| Investment in fixed assets (approximation) | - | -€17,161 | -€9,002 | €0 | -€87,950 | - |
| Change in cash | - | -€39,784 | -€21,207 | €14,275 | €5,133 | ▼ 64.0% |
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
23-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Weakest financial yearnet €12,950 ▼38.3%
Net result drops to €12,950, the lowest in the series.
25-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
14-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Liquidity triplescurrent ratio 11.37
Current ratio from 3.92 to 11.37; short-term debt falls from €37,305 to €10,891.
21-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
25-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Equity above €200,000Eq €204,267 ▲14.4%
3 profitable years in a row build equity to €204,267.
26-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
18-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 18 days late
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, Sint-Niklaas · 1 establishment unit since 2002
Ground area
1,499 m²
Building footprint
151 m²
Volume, LiDAR
893 m³
Parcel 46444D2351/00Y000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TIWITRANS BVBA
since 20022.115.572.968
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46444D2351/00Y000 | Flanders | 1,499 m² | 1 · 151 m² | 8.5 m · 2 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 99 EUR awarded · 99 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 99 EUR | 99 EUR |
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Of 1,335 companies in sector 50400 we hold annual accounts for 394. 303 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
Founded02-10-2002
Fiscal year end30-09
Activities, NACEBEL 2025
50400Inland freight water transport
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0478474670
Also
9925:BE0478474670
Registered
27-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.