TRAMOTRANS
ActiveTRAMOTRANS has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.95M and a net result of €413k. Equity is growing by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 40% of 865 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▲+4
Solvency56▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
Liquidity tight (current ratio 1.38 against 1.44 in 2024; short-term debt: 41.2% and cash: 2.1% of total assets), and 69.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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
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
30.6%
Return on assets
4.3%
Age of the figures
9 mo
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
21 d early
2023
22 d early
2022
21 d early
2021
20 d early
2020
16 d early
2019
3 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€413k▲ 282%
2024 · €108k
2018: €18k
2019: €209k
2020: €248k
2021: €174k
2022: €92k
2023: €81k
2024: €108k
2018 → 2025
Working capital
€1.52M▲ 0.9%
2024 · €1.50M
2018: €647k
2019: €676k
2020: €1.41M
2021: €1.51M
2022: €1.48M
2023: €1.70M
2024: €1.50M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.25M-€2.35M▲ 4.1%€2.43M▲ 3.4%€2.53M▲ 4.5%€2.95M▲ 16.3%
Operating result€213k-€131k▼ 38.3%€134k▲ 2.4%€225k▲ 67.2%€520k▲ 132%
Net result€174k-€92k▼ 47.1%€81k▼ 12.3%€108k▲ 34.4%€413k▲ 282%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 132% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.62M
Fixed assets
€4.14M▲ 17.4%
Current assets
€5.48M▲ 11.7%
Equity and liabilities €9.62M
Equity
€2.95M▲ 16.3%
Debt
€6.68M▲ 13.2%
The debt ratio falls from 69.9% to 69.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.67M▲
2024 · €1.20M
Cash flow
€1.56M▲
2024 · €1.08M
Solvency
30.6%▲
2024 · 30.1%
Current ratio
1.38▼
2024 · 1.44
Quick ratio
1.29▲
2024 · 1.28
Debt / equity
2.26▼
2024 · 2.33
ROE
14.0%▲
2024 · 4.3%
ROA
4.3%▲
2024 · 1.3%
Interest coverage
12.04▲
2024 · 10.37
Debt
€6.68M▲
2024 · €5.90M
Debt ≤ 1 year
€3.96M▲
2024 · €3.40M
Debt > 1 year
€2.71M▲
2024 · €2.50M
Income taxes
€36k▲
2024 · €32k
Staff costs
€6.34M▲
2024 · €5.75M
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€8.43M€9.62M▲
Fixed assets21/28€3.53M€4.14M▲
Tangible fixed assets22/27€3.52M€4.13M▲
Furniture and vehicles24€84k€68k▼
Leasing and similar rights25€3.43M€3.86M▲
Assets under construction and advance payments27-€204k
Financial fixed assets28€12k€13k▲
Current assets29/58€4.91M€5.48M▲
Stocks and contracts in progress3€547k€383k▼
Stocks30/36€547k€383k▼
Amounts receivable within one year40/41€4.17M€4.89M▲
Trade receivables40€3.07M€3.74M▲
Other amounts receivable41€1.11M€1.15M▲
Cash at bank and in hand54/58€184k€206k▲
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€8.43M€9.62M▲
Equity10/15€2.53M€2.95M▲
Contributions10/11€124k€124k=
Capital10€124k€124k=
Issued capital100€124k€124k=
Reserves13€670k€967k▲
Non-distributable reserves130/1€12k€12k=
Legal reserve130€12k€12k=
Tax-exempt reserves132€472k€770k▲
Distributable reserves133€185k€185k=
Profit (loss) carried forward14€1.74M€1.86M▲
Amounts payable17/49€5.90M€6.68M▲
Amounts payable after more than one year17€2.50M€2.71M▲
Financial debts170/4€2.50M€2.71M▲
Amounts payable within one year42/48€3.40M€3.96M▲
Current portion of amounts payable after more than one year42€970k€1.21M▲
Trade debts44€1.81M€2.02M▲
Suppliers440/4€1.81M€2.02M▲
Taxes, remuneration and social security45€627k€731k▲
Taxes450/3€104k€157k▲
Remuneration and social security454/9€523k€575k▲
Accrued charges and deferred income492/3€390€45▼
Income statement
Code20242025
Non-recurring operating income76A€32k€298k▲
Remuneration, social security and pensions62€5.75M€6.34M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€976k€1.15M▲
Other operating charges640/8€559k€593k▲
Gross operating margin9900€7.51M€8.61M▲
Operating profit (loss)9901€225k€520k▲
Financial income75/76B€31k€67k▲
Recurring financial income75€31k€67k▲
Financial charges65/66B€116k€139k▲
Recurring financial charges65€116k€139k▲
Profit (loss) for the period before taxes9903€140k€449k▲
Income taxes67/77€32k€36k▲
Profit (loss) for the period9904€108k€413k▲
Transfer to tax-exempt reserves689€32k€298k▲
Profit (loss) for the period to be appropriated9905€76k€116k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.74M€1.86M▲
Profit (loss) brought forward from the previous period14P€1.66M€1.74M▲
Social balance
Average headcount (FTE)9087101.6103.0▲
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €413k ▲282%
Operating result €520k, net result €413k, both a record.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €2MEq €2.08M ▲13.6%
3 profitable years in a row build equity to €2.08M.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 7 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 20 days late
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Mouscron · 3 establishment units since 1988
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.
Textiellaan 117700 MouscronGround area
8.3 ha
Building footprint
9,189 m²
Volume, LiDAR
51,408 m³
3 parcels, Wallonia · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
Textiellaan 11, 7700 Mouscron
since 19882.033.942.718
TRAMOTRANS
since 20152.333.192.765
TRAMOTRANS
since 20202.333.188.312
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57064B0754/00A000 | Wallonia | 4.0 ha | - | - |
| 54007B0246/00A000 | Wallonia | 2.3 ha | 1 · 385 m² | 8.0 m · 1 fl. |
| 54007B0405/00R000 | Wallonia | 1.9 ha | 1 · 8,804 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,606 companies in sector 49410 we hold annual accounts for 8,199. 2,429 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-12-1987
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.