Equity
€130,807 from €461,619 in 2008
Equity fell by 72% in 17 years.
Transports, Garages et Entrepôts
Lifetime
19 annual accounts with figures on one time axis, 33 filings since 1993peak €554,556 (2014)
€409,205▲ 9.0%
lowest -€223,472 (2009)
-€33,952▲ €28,101
peak €461,619 (2008)
€130,807▼ 20.6%
€344,004▼ 14.5%
peak 13 FTE (2014)
-not published
Board3 names since 2017
-
Owners
100%MATHIEU HOLDING
Documentsfilings and deeds
21-11-202571 days before the deadline
2025micro format
Loss of €33,952Equity from €164,758 to €130,807
Key points
from the 2025 annual accountsLosses
-€164,404 in four years
Every financial year from 2022 to 2025 closed with a loss. 2022 was the heaviest.
Debts
€344,004 72% of the balance sheet
Financial debts 27%Suppliers 24%Taxes and wages 22%Other 26%
Of this, €249,827 falls due within a year.
Staff
6.8 FTE from 13 in 2014
Between 2014 and 2025, 48% of the full-time equivalents disappeared.
Filings
33 annual accounts since 1993
The last five annual accounts were filed 64 to 98 days before the end of the period.
Position in the sector
-€33,952
Lower net result than 95% of companies in land transport. Sector median €5,669 · 5,914 companies.
Checked score
86
Excellent
Financially stronger than 43% of micro companies in land transport (NACE 49)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 9,092 companies (NACE 49, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.3%▲ +0.2 percentage points vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.4%▲ +0.1 percentage points vs 09-2025highest value
11-2025: 0.4%● unchanged vs 10-2025highest value
12-2025: 0.3%▼ -0.1 percentage points vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.3%● unchanged vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Land transport and transport via pipelines (NACE 49)
Loss of €33,952, the second in a row (financial year 2025)
lowers risk
Founded in 1992
Liquidity: current ratio 1.29, cash €186,227
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 39% of them on solvency, 79% on liquidity, 32% on profitability and 20% on growth.
The bankruptcy probability was computed on 09-11-2026 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 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 2,450 companies had the same profile as Transports, Garages et Entrepôts has now. Each dot stands for 7 companies, two years later.
93.2%
were still trading
5.0%
stopped another way
1.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Transports, Garages et Entrepôts itself: 0.3% within 12 months.
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 2,450 companies, not a prediction for Transports, Garages et Entrepôts. 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 €11,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.29 (1.44 in 2024), below the usual 1.5. Short-term debt is 52.6% and cash 39.2% of total assets. 72.5% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€33,952
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 21-11-2025, 71 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
71 days early
2024
64 days early
2023
98 days early
2022
98 days early
2021
75 days early
2020
87 days early
2019
120 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 88 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 financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 17 November (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end10-11-2026 today31-01-2027 deadline
Board and ownership
last known board- MATHIEU HOLDING 100%equity €22.0m (2025) · 2025 annual accounts of MATHIEU HOLDING
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0447815247
Amendment of the articles
Permanent representatives: MATHIEU Frédéric and MATHIEU Caroline, Lydie, Léa, Ghislaine · MATHIEU HOLDING holds 1,250 shares · General meeting of 06-10-2023 · Gazette deed
1 director appointed, 1 resignation, 2 reappointments
Resignation: MKN Management SPRL · Permanent representatives: Frédéric Mathieu and Caroline Mathieu · Reappointments: MCA MANAGEMENT SPRL and MATHIEU HOLDING SA (managing director) · General meeting of 17-12-2019 · Gazette deed
First establishment
TRAGENT SA, Marche, Rue du Parc Industriel sn, Marche-en-Famenne
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Transports, Garages et Entrepôts Marche-en-Famenne | €474,811 | €409,205 | 27.5% | - |
| ARTE VERDE Kontich | €468,942 | €374,169 | 25.8% | 2.8 |
| Giovanni Sciacca Express Grâce-Hollogne | €516,102 | €375,169 | 38.7% | - |
| ROM Halen | €479,960 | €356,840 | 35.8% | - |
| TRANSPORTS BOULARD Hensies | €513,863 | €367,346 | 60.6% | 7 |
| TRANSPORT M. WILLEMS Hoogstraten | €475,667 | €363,188 | 59.1% | - |
| TRANSPORT GROBBEN Oudsbergen | €573,872 | €413,930 | 43.9% | 5.5 |
These companies have the same main activity as Transports, Garages et Entrepôts: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €469,000 and €574,000, founded between 1991 and 1996.
Official details
Source: KBO- Status
- Active since 20-06-1992Normal situation
- Activity
- Freight transport by roadNACE 49410
- Joint committee
- 140.03Road transport and logistics for third parties · annual accounts 30-06-2025
- Establishment unit
- 2.059.263.5776900 Marche-en-Famenne, since 22-10-1992
- Financial year end
- 30 June
- Peppol
- Reachable since 29-09-2025
Annual accounts to 30-06-2025
- ≈ €930,000estimated
- €474,811▼ 16.3%
- Employeeson 30-06-2025
- 7=
- Filing
- Filed on 21-11-2025, 71 days before the end of the filing period
Insights on Transports, Garages et Entrepôts
Transports, Garages et Entrepôts files the micro format. That format states no turnover. The gross margin rose from €313,664 in 2007 to €409,205 in 2025.
MATHIEU HOLDING holds all the shares.
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 Transports, Garages et Entrepôts
- What is the company number of Transports, Garages et Entrepôts?
- The company number of Transports, Garages et Entrepôts is 0447.815.247. The VAT number is the same number with BE in front: BE 0447.815.247.
- Where is Transports, Garages et Entrepôts based?
- The registered office is at Marche, Rue du Parc Industriel 40, 6900 Marche-en-Famenne.Company details
- What does Transports, Garages et Entrepôts do?
- According to the KBO register, the main activity is freight transport by road (NACE 49410).
- What is the legal form of Transports, Garages et Entrepôts?
- Transports, Garages et Entrepôts is a public limited company (NV).
- When was Transports, Garages et Entrepôts founded?
- Transports, Garages et Entrepôts was founded on 20-06-1992.
- Is Transports, Garages et Entrepôts still active?
- Yes, Transports, Garages et Entrepôts is an active enterprise in the KBO register.
- How many employees does Transports, Garages et Entrepôts have?
- Transports, Garages et Entrepôts had an average of 6.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Transports, Garages et Entrepôts fall under?
- In its 30-06-2025 annual accounts, Transports, Garages et Entrepôts states joint committee 140.03 (Road transport and logistics for third parties).
- What is the turnover of Transports, Garages et Entrepôts?
- The turnover in financial year 2025 is ≈ €930,000. This figure is estimated from the gross margin of €409,205 and 49 comparable companies (NACE 49410). It probably lies between €780,000 and €1.2m.
- Is Transports, Garages et Entrepôts profitable?
- In financial year 2025, Transports, Garages et Entrepôts made a loss of €33,952.
- Where can I find the annual accounts of Transports, Garages et Entrepôts?
- Transports, Garages et Entrepôts filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Transports, Garages et Entrepôts due?
- Transports, Garages et Entrepôts must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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