Summary
Trangar is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €3.0m and a net result of €69,082. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 71% of 2413 sector peers (fiscal year 2025). The company has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
58 d late
2023
31 d late
2022
28 d late
2021
2 d early
2020
15 d early
2019
2 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 18 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What changed in the latest annual accounts?What changed Is the workforce growing, and do people stay?Employer check
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Financials · fiscal year 2025, full schema
In the rankings
#2 oldest company in Wetteren, Finance and insurance sector#9 company by equity in Wetteren, Finance and insurance sector
Equity
€3.0m▲ 2.4%
2024 · €2.9m
Net result
€69,082▲ 2.4%
2024 · €67,439
Total assets
€3.6m▼ 0.5%
2024 · €3.6m
Solvency
82.9%▲ 2.3pp
2024 · 80.6%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€3,648▼ 413%-€31,516▼ 764%€12,897€75,742▲ 487%€65,954▼ 12.9%
Net result€16,251▲ 49.8%-€6,781€21,805€67,439▲ 209%€69,082▲ 2.4%
Equity€2.8m▲ 0.6%€2.8m▼ 0.2%€2.8m▲ 0.8%€2.9m▲ 2.4%€3.0m▲ 2.4%
Total assets€3.7m▲ 20.2%€3.7m▼ 2.6%€3.6m▼ 1.9%€3.6m▼ 0.1%€3.6m▼ 0.5%
Debt€946,242▲ 185%€857,452▼ 9.4%€764,955▼ 10.8%€692,738▼ 9.4%€607,409▼ 12.3%
Working capital€1.0m▼ 25.9%€882,174▼ 14.0%€882,131=€941,002▲ 6.7%€1.0m▲ 7.2%
Solvency74.7%▼ 14.6pp76.5%▲ 1.8pp78.6%▲ 2.1pp80.6%▲ 2.0pp82.9%▲ 2.3pp
Staff (FTE)0.5=0.5=0.5=0.5=1▲ 100%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.6m
Fixed assets
€2.4m ▼ 3.9%
Current assets
€1.2m ▲ 7.0%
Equity and liabilities €3.6m
Equity
€3.0m ▲ 2.4%
Debt
€607,409 ▼ 12.3%
Debt's share of the balance-sheet total falls from 19.4% to 17.1%. Equity is higher and debt is lower.
Key figures and ratios
ROE
2.3%=
2024 · 2.3%
ROA
1.9%▲
2024 · 1.9%
Debt ≤ 1 year
€191,449▲
2024 · €180,491
Debt > 1 year
€415,960▼
2024 · €512,247
Income taxes
€25,988▼
2024 · €26,329
Staff costs
€53,357▲
2024 · €47,885
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €405 | - | - | - | - |
| Remuneration, social security and pensions62 | €32,359 | €36,711 | €36,954 | €47,885 | €53,357 | ▲ 11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €123,342 | €157,231 | €150,190 | €107,968 | €99,503 | ▼ 7.8% |
| Other operating charges640/8 | €22,976 | €43,691 | €35,115 | €31,588 | €32,846 | ▲ 4.0% |
| Gross operating margin9900 | €175,028 | €206,117 | €235,156 | €263,183 | €251,660 | ▼ 4.4% |
| Operating profit (loss)9901 | -€3,648 | -€31,516 | €12,897 | €75,742 | €65,954 | ▼ 12.9% |
| Financial income75/76B | €34,900 | €34,655 | €27,443 | €25,433 | €36,136 | ▲ 42.1% |
| Recurring financial income75 | €34,900 | €34,655 | €27,443 | €25,433 | €36,136 | ▲ 42.1% |
| Financial charges65/66B | €6,177 | €9,962 | €8,235 | €7,407 | €7,019 | ▼ 5.2% |
| Recurring financial charges65 | €6,177 | €9,962 | €8,235 | €7,407 | €7,019 | ▼ 5.2% |
| Profit (loss) for the period before taxes9903 | €25,075 | -€6,823 | €32,106 | €93,769 | €95,071 | ▲ 1.4% |
| Income taxes67/77 | €8,825 | -€43 | €10,301 | €26,329 | €25,988 | ▼ 1.3% |
| Profit (loss) for the period9904 | €16,251 | -€6,781 | €21,805 | €67,439 | €69,082 | ▲ 2.4% |
| Profit (loss) for the period to be appropriated9905 | €16,251 | -€6,781 | €21,805 | €67,439 | €69,082 | ▲ 2.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.7m | €3.7m | €3.6m | €3.6m | €3.6m | ▼ 0.5% |
| Fixed assets21/28 | €2.6m | €2.6m | €2.5m | €2.5m | €2.4m | ▼ 3.9% |
| Tangible fixed assets22/27 | €2.6m | €2.6m | €2.5m | €2.5m | €2.4m | ▼ 3.9% |
| Land and buildings22 | €2.2m | €2.2m | €2.1m | €2.0m | €1.9m | ▼ 4.0% |
| Plant, machinery and equipment23 | €9,021 | €42,874 | €41,865 | €30,976 | €22,522 | ▼ 27.3% |
| Furniture and vehicles24 | €16,168 | €8,471 | €1,299 | - | - | - |
| Other tangible fixed assets26 | €406,046 | €401,516 | €396,986 | €392,456 | €387,926 | ▼ 1.2% |
| Financial fixed assets28 | €190 | €190 | €190 | €190 | €190 | = |
| Current assets29/58 | €1.2m | €1.0m | €1.0m | €1.1m | €1.2m | ▲ 7.0% |
| Amounts receivable after more than one year29 | €59,254 | - | - | - | - | - |
| Other amounts receivable291 | €59,254 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €461,565 | €398,709 | €344,552 | €384,898 | €413,444 | ▲ 7.4% |
| Trade receivables40 | €28,318 | €30,308 | €13,602 | €17,776 | €14,520 | ▼ 18.3% |
| Other amounts receivable41 | €433,247 | €368,401 | €330,951 | €367,123 | €398,924 | ▲ 8.7% |
| Current investments50/53 | €574,541 | €574,541 | €649,541 | €648,295 | €688,295 | ▲ 6.2% |
| Cash at bank and in hand54/58 | €37,648 | €45,154 | €24,737 | €71,851 | €82,082 | ▲ 14.2% |
| Deferred charges and accrued income490/1 | €22,525 | €4,956 | €13,412 | €16,448 | €16,515 | ▲ 0.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.7m | €3.7m | €3.6m | €3.6m | €3.6m | ▼ 0.5% |
| Equity10/15 | €2.8m | €2.8m | €2.8m | €2.9m | €3.0m | ▲ 2.4% |
| Contributions10/11 | €322,262 | €322,262 | €322,262 | €322,262 | €322,262 | = |
| Capital10 | €322,262 | €322,262 | €322,262 | €322,262 | €322,262 | = |
| Issued capital100 | €322,262 | €322,262 | €322,262 | €322,262 | €322,262 | = |
| Reserves13 | €174,539 | €174,539 | €174,539 | €174,539 | €174,539 | = |
| Non-distributable reserves130/1 | €32,226 | €32,226 | €32,226 | €32,226 | €32,226 | = |
| Legal reserve130 | €32,226 | €32,226 | €32,226 | €32,226 | €32,226 | = |
| Distributable reserves133 | €142,313 | €142,313 | €142,313 | €142,313 | €142,313 | = |
| Profit (loss) carried forward14 | €2.3m | €2.3m | €2.3m | €2.4m | €2.5m | ▲ 2.9% |
| Amounts payable17/49 | €946,242 | €857,452 | €764,955 | €692,738 | €607,409 | ▼ 12.3% |
| Amounts payable after more than one year17 | €816,557 | €716,264 | €614,842 | €512,247 | €415,960 | ▼ 18.8% |
| Financial debts170/4 | €814,920 | €714,628 | €613,206 | €510,611 | €414,324 | ▼ 18.9% |
| Other amounts payable178/9 | €1,636 | €1,636 | €1,636 | €1,636 | €1,636 | = |
| Amounts payable within one year42/48 | €129,686 | €141,187 | €150,113 | €180,491 | €191,449 | ▲ 6.1% |
| Current portion of amounts payable after more than one year42 | €99,179 | €100,292 | €101,422 | €102,595 | €96,510 | ▼ 5.9% |
| Trade debts44 | €10,460 | €25,437 | €33,086 | €31,468 | €37,088 | ▲ 17.9% |
| Suppliers440/4 | €10,460 | €25,437 | €33,086 | €31,468 | €37,088 | ▲ 17.9% |
| Taxes, remuneration and social security45 | €20,047 | €15,458 | €15,605 | €46,427 | €57,851 | ▲ 24.6% |
| Taxes450/3 | €14,164 | €6,883 | €10,301 | €35,338 | €51,858 | ▲ 46.7% |
| Remuneration and social security454/9 | €5,883 | €8,575 | €5,303 | €11,089 | €5,993 | ▼ 46.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,251 | -€6,781 | €21,805 | €67,439 | €69,082 | ▲ 2.4% |
| + Depreciation and write-downs630 | €123,342 | €157,231 | €150,190 | €107,968 | €99,503 | ▼ 7.8% |
| Operating cash flow (approximation) | €139,592 | €150,450 | €171,994 | €175,408 | €168,586 | ▼ 3.9% |
| Investment in fixed assets (approximation) | - | -€193,832 | -€70,615 | -€13,942 | -€4,413 | ▲ 68.3% |
| Change in cash | - | €7,507 | -€20,417 | €47,114 | €10,231 | ▼ 78.3% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 28 days late
2025
31-12
Financial
Highest result since 2018net €69,082 ▲2.4%
Net result €69,082, the highest in the series.
27-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 58 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
31-12
Financial
Back to profitnet €21,805
Net result €21,805 after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
31-12
Financial
Weakest financial yearnet -€6,781
Net result drops to -€6,781, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-07
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.
0 of 8 acts read
About the unread acts
We know of 8 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
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, Wetteren · 1 establishment unit since 1983
Ground area
324 m²
Building footprint
233 m²
Volume, LiDAR
1,385 m³
2 parcels, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Trangar
since 19832.023.117.815
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42025G0941/00L004 | Flanders | 210 m² | 1 · 120 m² | 10.1 m · 2 fl. |
| 42302E0025/00X002 | Flanders | 113 m² | 1 · 113 m² | 9.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 ownerChain of control
- NORDINVEST
- Trangar
Highest known parent: NORDINVEST. The sources do not say who stands above it.
Owners 1
- NORDINVESTparentSourceaccounts NORDINVEST 202553.27%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.
Recognitions · licences · registrations
Legal Entity Identifier
6994000JGJGF5UISKO66
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 9,766 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded15-09-1983
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0425475157
Also
9925:BE0425475157
Registered
08-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.