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TRANS AP

Active
Private limited companyfounded 20233 yrs activeRue des Dames(WB) 48, 6224 Fleurus, BelgiumKBO/BCE: BE 0799.757.872
Summary

The computed 12-month bankruptcy probability of TRANS AP is 5.5% (elevated). The annual accounts of TRANS AP for fiscal year 2024 show a net loss of 54% of the equity at the start of that year. The 2024 annual accounts show equity of €6,440 and a net result of -€4,090. Its solvency ranks better than 24% of 6719 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability59▼-39
Solvency37▼-27
Growth32
Track record94
Bankruptcy probability, 12 months
5.5% Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.36 against 0.7 in 2023; short-term debt: 88% and cash: 19.8% of total assets), and 88% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
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
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
12%
Return on assets
-7.6%
Age of the figures
21 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 6719 sector peers (2024).
NBB · sector comparison
Position among 6719 sector peers
Solvency
better than 24%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-09-2025, 59 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 · 2 filings
Deviation from the deadline
2025
not confirmed
2024
59 d late
2023
24 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 42 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

TRANS AP was incorporated on 21 March 2023 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€6,440▼ 14.5%
2023 · €7,530
Total assets
€53,476▲ 175%
2023 · €19,450
Net result
-€4,090
2023 · €4,530
Working capital
-€30,172▼ 747%
2023 · -€3,562
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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
Line20232024
Operating result€5,758--€2,915
Net result€4,530within the sector's middle half--€4,090below the sector's middle half
Equity€7,530below the sector's middle half-€6,440below the sector's middle half▼ 14.5%
Total assets€19,450below the sector's middle half-€53,476within the sector's middle half▲ 175%
Debt€11,921-€47,036▲ 295%
Working capital-€3,562--€30,172▼ 747%
Solvency38.7%within the sector's middle half-12.0%below the sector's middle half▼ 26.7pp
above within below the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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
-€5,000-€2,500€0€2,500€5,000Operating result 2023: €5,758€5,758Net result 2023: €4,530€4,530Operating result 2024: -€2,915-€2,915Net result 2024: -€4,090-€4,09020232024-€5,000-€2,500€0€2,500€5,000Operating result 2023: €5,758€5,760Net result 2023: €4,530€4,530Operating result 2024: -€2,915-€2,910Net result 2024: -€4,090-€4,09020232024
The operating result turns negative in 2024: a loss of €2,915 after €5,758 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €53,476
Fixed assets €36,612 ▲ 230%
Current assets €16,864 ▲ 102%
Equity and liabilities €53,476
Equity €6,440 ▼ 14.5%
Debt €47,036 ▲ 295%
Debt's share of the balance-sheet total rises from 61.3% to 88.0%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€598▼
2023 · €7,623
Cash flow
-€577▼
2023 · €6,396
Current ratio
0.36▼
2023 · 0.70
Debt to equity
7.30▲
2023 · 1.58
ROE
-63.5%▼
2023 · 60.2%
ROA
-7.6%▼
2023 · 23.3%
Interest coverage
7.12▼
2023 · 79.87
Debt ≤ 1 year
€47,036▲
2023 · €11,921
Income taxes
€1,091▼
2023 · €1,132
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,270 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a small loss
3.6% went bankrupt
2.0% stopped otherwise
93% still going

A further 1.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 5.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,270 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 34 lines
Balance sheet Code20232024
Assets
Total assets20/58€19,450€53,476▲
Fixed assets21/28€11,092€36,612▲
Tangible fixed assets22/27€11,092€36,612▲
Furniture and vehicles24€11,092€36,612▲
Current assets29/58€8,359€16,864▲
Amounts receivable within one year40/41€2,228€6,288▲
Trade receivables40€2,228€6,288▲
Cash at bank and in hand54/58€6,131€10,576▲
Equity and liabilities
Total equity and liabilities10/49€19,450€53,476▲
Equity10/15€7,530€6,440▼
Contributions10/11€3,000€6,000▲
Reserves13€4,530€4,530=
Distributable reserves133€4,530€4,530=
Profit (loss) carried forward14--€4,090
Amounts payable17/49€11,921€47,036▲
Amounts payable within one year42/48€11,921€47,036▲
Trade debts44€8,687€2,667▼
Suppliers440/4€8,687€2,667▼
Taxes, remuneration and social security45€2,596€2,909▲
Taxes450/3€2,596€2,909▲
Other amounts payable47/48€638€41,460▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,866€3,513▲
Other operating charges640/8€343€2,972▲
Gross operating margin9900€7,967€3,570▼
Operating profit (loss)9901€5,758-€2,915▼
Financial charges65/66B€95€84▼
Recurring financial charges65€95€84▼
Profit (loss) for the period before taxes9903€5,662-€2,999▼
Income taxes67/77€1,132€1,091▼
Profit (loss) for the period9904€4,530-€4,090▼
Profit (loss) for the period to be appropriated9905€4,530-€4,090▼
Appropriation of the result
Profit (loss) to be appropriated9906€4,530-€4,090▼
Transfer to equity691/2€4,530-
To other reserves6921€4,530-

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,866€3,513▲ 88.3%
Other operating charges640/8€343€2,972▲ 766%
Gross operating margin9900€7,967€3,570▼ 55.2%
Operating profit (loss)9901€5,758-€2,915▼ 151%
Financial charges65/66B€95€84▼ 11.9%
Recurring financial charges65€95€84▼ 11.9%
Profit (loss) for the period before taxes9903€5,662-€2,999▼ 153%
Income taxes67/77€1,132€1,091▼ 3.6%
Profit (loss) for the period9904€4,530-€4,090▼ 190%
Profit (loss) for the period to be appropriated9905€4,530-€4,090▼ 190%
Line20232024Change
Assets
Total assets20/58€19,450€53,476▲ 175%
Fixed assets21/28€11,092€36,612▲ 230%
Tangible fixed assets22/27€11,092€36,612▲ 230%
Furniture and vehicles24€11,092€36,612▲ 230%
Current assets29/58€8,359€16,864▲ 102%
Amounts receivable within one year40/41€2,228€6,288▲ 182%
Trade receivables40€2,228€6,288▲ 182%
Cash at bank and in hand54/58€6,131€10,576▲ 72.5%
Equity and liabilities
Total equity and liabilities10/49€19,450€53,476▲ 175%
Equity10/15€7,530€6,440▼ 14.5%
Contributions10/11€3,000€6,000▲ 100%
Reserves13€4,530€4,530=
Distributable reserves133€4,530€4,530=
Profit (loss) carried forward14--€4,090-
Amounts payable17/49€11,921€47,036▲ 295%
Amounts payable within one year42/48€11,921€47,036▲ 295%
Trade debts44€8,687€2,667▼ 69.3%
Suppliers440/4€8,687€2,667▼ 69.3%
Taxes, remuneration and social security45€2,596€2,909▲ 12.1%
Taxes450/3€2,596€2,909▲ 12.1%
Other amounts payable47/48€638€41,460▲ 6,400%
Line20232024Change
Profit (loss) for the period9904€4,530-€4,090▼ 190%
+ Depreciation and write-downs630€1,866€3,513▲ 88.3%
Operating cash flow (approximation)€6,396-€577▼ 109%
Investment in fixed assets (approximation)--€29,033-
Change in cash-€4,445-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
28-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 59 days late
2024
24-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 24 days late
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Fleurus · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
2,124 m²
Building footprint
342 m²
Volume, LiDAR
1,536 m³
2 parcels, Brussels, Wallonia · tallest building 13.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Appelboomstraat 10-12, 1070 Anderlecht
Freight transport by road
since 20232.345.766.836
2 parcels
Wallonia 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
52071C1533/00S015 Wallonia 1,930 m² 1 · 144 m² -
21308H0089/00B002 Brussels 193 m² 1 · 199 m² 13.2 m · 3 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.

Similar companies · same sector, comparable size

Of 12,584 companies in sector 49410 we hold annual accounts for 8,203. 3,168 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded21-03-2023
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID 0208:0799757872
Also 9925:BE0799757872
Registered 24-11-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.