TRANCOSA
ActiveSummary
TRANCOSA has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €54,935 and a net result of €13,434. Equity is shrinking by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 16% of 31958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability62▲+33
Solvency34▲+2
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity short (current ratio 0.17 against 0.22 in 2024; short-term debt: 87.9% and cash: 2.1% of total assets), and 91.1% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
8.9%
Return on assets
2.2%
Age of the figures
9 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 31958 sector peers (2025).
NBB · sector comparisonPosition among 31958 sector peers
Solvency
better than 16%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €54,935
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
16 d early
2023
2 d early
2022
3 d early
2021
31 d late
2020
30 d late
2019
45 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 1 day before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 30 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€54,935▲ 32.4%
2024 · €41,501
Total assets
€615,518▲ 4.3%
2024 · €590,325
Net result
€13,434
2024 · -€2,125
Working capital
-€448,699▼ 31.7%
2024 · -€340,785
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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-€5,887▲ 22.4%€255€5,118▲ 1,905%€7,043▲ 37.6%€21,728▲ 208%
Net result-€7,388below the sector's middle half▲ 17.5%-€8,480below the sector's middle half▼ 14.8%-€3,481below the sector's middle half▲ 59.0%-€2,125below the sector's middle half▲ 38.9%€13,434within the sector's middle half
Equity€55,587within the sector's middle half▼ 11.7%€47,107within the sector's middle half▼ 15.3%€43,626within the sector's middle half▼ 7.4%€41,501within the sector's middle half▼ 4.9%€54,935within the sector's middle half▲ 32.4%
Total assets€541,519above the sector's middle half▲ 458%€457,980within the sector's middle half▼ 15.4%€544,488above the sector's middle half▲ 18.9%€590,325above the sector's middle half▲ 8.4%€615,518above the sector's middle half▲ 4.3%
Debt€485,932▲ 1,323%€410,873▼ 15.4%€500,862▲ 21.9%€548,824▲ 9.6%€560,583▲ 2.1%
Working capital-€72,785below the sector's middle half-€159,676below the sector's middle half▼ 119%-€242,277below the sector's middle half▼ 51.7%-€340,785below the sector's middle half▼ 40.7%-€448,699below the sector's middle half▼ 31.7%
Solvency10.3%below the sector's middle half▼ 54.6pp10.3%below the sector's middle half=8.0%below the sector's middle half▼ 2.3pp7.0%below the sector's middle half▼ 1.0pp8.9%below the sector's middle half▲ 1.9pp
Current ratio0.55below the sector's middle half▼ 2.250.04below the sector's middle half▼ 0.510.28below the sector's middle half▲ 0.240.22below the sector's middle half▼ 0.060.17below the sector's middle half▼ 0.05
Return on assets (ROA)-1.4%below the sector's middle half▲ 7.9pp-1.9%below the sector's middle half▼ 0.5pp-0.6%below the sector's middle half▲ 1.2pp-0.4%below the sector's middle half▲ 0.3pp2.2%within the sector's middle half▲ 2.5pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 208% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €615,518
Fixed assets
€523,422 ▲ 5.4%
Current assets
€92,097 ▼ 1.7%
Equity and liabilities €615,518
Equity
€54,935 ▲ 32.4%
Debt
€560,583 ▲ 2.1%
Debt's share of the balance-sheet total falls from 93.0% to 91.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€28,674▲
2024 · €11,087
Cash flow
€20,381▲
2024 · €1,919
Debt to equity
10.20▼
2024 · 13.22
ROE
24.5%▲
2024 · -5.1%
Interest coverage
4.84▲
2024 · 1.24
Debt ≤ 1 year
€540,796▲
2024 · €434,437
Debt > 1 year
€19,788▼
2024 · €114,387
Income taxes
€2,373▲
2024 · €212
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €814 | €825 | €847 | €4,044 | €6,947 | ▲ 71.8% |
| Other operating charges640/8 | €418 | €348 | €384 | €387 | €454 | ▲ 17.3% |
| Non-recurring operating charges66A | - | - | - | - | €8,743 | - |
| Gross operating margin9900 | -€4,654 | €1,428 | €6,349 | €11,474 | €37,872 | ▲ 230% |
| Operating profit (loss)9901 | -€5,887 | €255 | €5,118 | €7,043 | €21,728 | ▲ 208% |
| Financial income75/76B | €11 | - | - | - | - | - |
| Recurring financial income75 | €11 | - | - | - | - | - |
| Financial charges65/66B | €1,512 | €8,735 | €8,599 | €8,957 | €5,921 | ▼ 33.9% |
| Recurring financial charges65 | €1,512 | €8,735 | €8,599 | €8,957 | €5,921 | ▼ 33.9% |
| Profit (loss) for the period before taxes9903 | -€7,388 | -€8,480 | -€3,481 | -€1,913 | €15,807 | ▲ 926% |
| Income taxes67/77 | - | - | - | €212 | €2,373 | ▲ 1,021% |
| Profit (loss) for the period9904 | -€7,388 | -€8,480 | -€3,481 | -€2,125 | €13,434 | ▲ 732% |
| Profit (loss) for the period to be appropriated9905 | -€7,388 | -€8,480 | -€3,481 | -€2,125 | €13,434 | ▲ 732% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €541,519 | €457,980 | €544,488 | €590,325 | €615,518 | ▲ 4.3% |
| Fixed assets21/28 | €451,581 | €451,628 | €450,781 | €496,673 | €523,422 | ▲ 5.4% |
| Tangible fixed assets22/27 | €1,581 | €1,628 | €781 | €46,673 | €73,422 | ▲ 57.3% |
| Furniture and vehicles24 | €1,581 | €1,628 | €781 | €46,673 | €73,422 | ▲ 57.3% |
| Financial fixed assets28 | €450,000 | €450,000 | €450,000 | €450,000 | €450,000 | = |
| Current assets29/58 | €89,938 | €6,352 | €93,707 | €93,652 | €92,097 | ▼ 1.7% |
| Amounts receivable within one year40/41 | €87,985 | €3,010 | €90,083 | €89,733 | €77,572 | ▼ 13.6% |
| Trade receivables40 | €87,985 | €3,010 | €90,083 | €89,733 | €77,572 | ▼ 13.6% |
| Cash at bank and in hand54/58 | €1,953 | €3,342 | €2,575 | €2,755 | €12,917 | ▲ 369% |
| Deferred charges and accrued income490/1 | - | - | €1,049 | €1,165 | €1,608 | ▲ 38.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €541,519 | €457,980 | €544,488 | €590,325 | €615,518 | ▲ 4.3% |
| Equity10/15 | €55,587 | €47,107 | €43,626 | €41,501 | €54,935 | ▲ 32.4% |
| Contributions10/11 | €80,000 | €80,000 | €80,000 | €80,000 | €80,000 | = |
| Profit (loss) carried forward14 | -€24,413 | -€32,893 | -€36,374 | -€38,499 | -€25,065 | ▲ 34.9% |
| Amounts payable17/49 | €485,932 | €410,873 | €500,862 | €548,824 | €560,583 | ▲ 2.1% |
| Amounts payable after more than one year17 | €323,208 | €244,845 | €164,878 | €114,387 | €19,788 | ▼ 82.7% |
| Financial debts170/4 | €323,208 | €244,845 | €164,878 | €114,387 | €19,788 | ▼ 82.7% |
| Amounts payable within one year42/48 | €162,723 | €166,028 | €335,984 | €434,437 | €540,796 | ▲ 24.5% |
| Current portion of amounts payable after more than one year42 | €76,792 | €78,363 | €79,967 | €92,536 | €94,599 | ▲ 2.2% |
| Trade debts44 | €1,622 | €3,465 | €37 | €4,342 | €3,517 | ▼ 19.0% |
| Suppliers440/4 | €1,622 | €3,465 | €37 | €4,342 | €3,517 | ▼ 19.0% |
| Taxes, remuneration and social security45 | €6,583 | €11,434 | €9,204 | €13,526 | €10,061 | ▼ 25.6% |
| Taxes450/3 | €6,583 | €11,434 | €9,204 | €13,526 | €10,061 | ▼ 25.6% |
| Other amounts payable47/48 | €77,727 | €72,766 | €246,776 | €324,033 | €432,619 | ▲ 33.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,388 | -€8,480 | -€3,481 | -€2,125 | €13,434 | ▲ 732% |
| + Depreciation and write-downs630 | €814 | €825 | €847 | €4,044 | €6,947 | ▲ 71.8% |
| Operating cash flow (approximation) | -€6,574 | -€7,655 | -€2,634 | €1,919 | €20,381 | ▲ 962% |
| Investment in fixed assets (approximation) | - | -€873 | €0 | -€49,935 | -€33,696 | ▲ 32.5% |
| Change in cash | - | €1,389 | -€767 | €179 | €10,162 | ▲ 5,566% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €13,434
Net result €13,434 after 5 loss-making years.
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet -€8,957
Net result drops to -€8,957, the lowest in the series; recovery starts the following year.
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €22,522
Net result €22,522 after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 3.11
Current ratio from 0.74 to 3.11; short-term debt falls from €109,331 to €33,568.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Kapelle-op-den-Bos · 1 establishment unit since 2013
Ground area
1,606 m²
Building footprint
315 m²
Volume, LiDAR
1,662 m³
Parcel 23067B0060/00R000, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TRANSCOSA
since 20132.220.988.412
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23067B0060/00R000 | Flanders | 1,606 m² | 1 · 315 m² | 11.0 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
50%
According to the 2025 annual accounts of TRANCOSA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded14-05-2013
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0534569869
Also
9925:BE0534569869
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.