TORNADOTRANS
ActiveTORNADOTRANS has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €684k and a net result of €43k. Equity is growing by ~19.1% per year across the filed fiscal years. Its solvency ranks better than 54% of 1846 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
87
/ 100
Excellent▲ +29 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability31▲+31
Solvency81▲+3
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 1.59 against 1.43 in 2023), but 55.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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
Sector 49
higher
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-07-2025, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
17 d early
2023
22 d late
2022
20 d late
2021
18 d late
2020
73 d late
2019
15 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€684k▲ 6.7%
2023 · €641k
2018: €85k
2019: €224k
2020: €320k
2021: €561k
2022: €697k
2023: €641k
2018 → 2024
Total assets
€1.53M▲ 9.0%
2023 · €1.40M
2018: €539k
2019: €741k
2020: €1.04M
2021: €1.10M
2022: €1.46M
2023: €1.40M
2018 → 2024
Net result
€43k
2023 · €-57k
2018: €12k
2019: €139k
2020: €152k
2021: €241k
2022: €137k
2023: €-57k
2018 → 2024
Working capital
€296k▲ 88.1%
2023 · €157k
2018: €-151k
2019: €-48k
2020: €30k
2021: €148k
2022: €148k
2023: €157k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€320k-€561k▲ 75.1%€697k▲ 24.4%€641k▼ 8.1%€684k▲ 6.7%
Operating result€221k-€350k▲ 58.3%€202k▼ 42.5%€-40k€75k
Net result€152k-€241k▲ 58.5%€137k▼ 43.2%€-57k€43k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €75k after a loss of €40k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.53M
Fixed assets
€727k▼ 16.8%
Current assets
€799k▲ 51.9%
Equity and liabilities €1.53M
Equity
€684k▲ 6.7%
Debt
€842k▲ 10.9%
The debt ratio rises from 54.2% to 55.2%: debt grows faster than equity.
Key figures and ratios
EBITDA
€354k▲
2023 · €249k
Cash flow
€322k▲
2023 · €233k
Solvency
44.8%▼
2023 · 45.8%
Current ratio
1.59▲
2023 · 1.43
Quick ratio
1.59▲
2023 · 1.43
Debt / equity
1.23▲
2023 · 1.18
ROE
6.3%▲
2023 · -8.8%
ROA
2.8%▲
2023 · -4.0%
Interest coverage
16.11▲
2023 · 16.02
Debt
€842k▲
2023 · €759k
Debt ≤ 1 year
€503k▲
2023 · €369k
Debt > 1 year
€339k▼
2023 · €391k
Income taxes
€10k▲
2023 · €780
Staff costs
€690k▼
2023 · €798k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.40M€1.53M▲
Fixed assets21/28€874k€727k▼
Tangible fixed assets22/27€866k€718k▼
Land and buildings22€166k€159k▼
Plant, machinery and equipment23€29k€24k▼
Furniture and vehicles24€142k€39k▼
Leasing and similar rights25€528k€496k▼
Financial fixed assets28€9k€9k=
Current assets29/58€526k€799k▲
Amounts receivable within one year40/41€377k€669k▲
Trade receivables40€316k€577k▲
Other amounts receivable41€62k€92k▲
Cash at bank and in hand54/58€148k€130k▼
Equity and liabilities
Total equity and liabilities10/49€1.40M€1.53M▲
Equity10/15€641k€684k▲
Contributions10/11€19k€19k=
Reserves13€679k€679k=
Non-distributable reserves130/1€2k€2k=
Other1319€2k€2k=
Tax-exempt reserves132€11k€11k=
Distributable reserves133€666k€666k=
Profit (loss) carried forward14€-57k€-13k▲
Amounts payable17/49€759k€842k▲
Amounts payable after more than one year17€391k€339k▼
Financial debts170/4€391k€339k▼
Amounts payable within one year42/48€369k€503k▲
Current portion of amounts payable after more than one year42€187k€180k▼
Trade debts44€34k€147k▲
Suppliers440/4€34k€147k▲
Taxes, remuneration and social security45€92k€69k▼
Taxes450/3€4k-
Remuneration and social security454/9€88k€69k▼
Other amounts payable47/48€56k€107k▲
Income statement
Code20232024
Remuneration, social security and pensions62€798k€690k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€289k€279k▼
Other operating charges640/8€2k€2k▲
Non-recurring operating charges66A€13k€1k▼
Gross operating margin9900€1.06M€1.05M▼
Operating profit (loss)9901€-40k€75k▲
Financial income75/76B-€63
Recurring financial income75-€63
Financial charges65/66B€16k€22k▲
Recurring financial charges65€16k€22k▲
Profit (loss) for the period before taxes9903€-56k€53k▲
Income taxes67/77€780€10k▲
Profit (loss) for the period9904€-57k€43k▲
Profit (loss) for the period to be appropriated9905€-57k€43k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-57k€-13k▲
Profit (loss) brought forward from the previous period14P-€-57k
Social balance
Average headcount (FTE)908714.011.8▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €43k
Net result €43k after one loss-making year.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 22 days late
2023
31-12
Financial
Weakest financial yearnet €-57k ▼141%
Net result drops to €-57k, the lowest in the series; recovery starts the following year.
20-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 20 days late
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 18 days late
2021
31-12
Financial
Highest result since 2018net €241k ▲58.5%
Operating result €350k, net result €241k, both a record.
31-12
Financial
Equity above €500kEq €561k ▲75.1%
4 profitable years in a row build equity to €561k.
12-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 73 days late
2020
15-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 15 days late
2019
31-12
Financial
Equity above €200kEq €224k ▲165%
2 profitable years in a row build equity to €224k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Zandhoven · 1 establishment unit since 2003
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Vaartstraat 212240 ZandhovenGround area
2,380 m²
Building footprint
107 m²
Volume, LiDAR
614 m³
Parcel 11027A0192/00R000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TORNADOTRANS
since 20032.132.362.678
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11027A0192/00R000 | Flanders | 2,380 m² | 1 · 107 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
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.
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VM-Milktrans
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TRANSPORT D.P.R.
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VAN BRABANT & C°
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Of 12,446 companies in sector 49410 we hold annual accounts for 8,083. 4,709 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded15-04-2003
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.