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TRANS-BORQ

Bankruptcy closed
Private limited company (pre-2019)founded 1996Rue du Panorama 7, 6870 Saint-Hubert, BelgiumKBO/BCE: BE 0459.283.221

Inactive since 14-04-2026; last annual accounts for fiscal year 2021.

Summary

TRANS-BORQ was declared bankrupt on 06-12-2022 (Tribunal de l’entreprise de Liège, division Neufchâteau); the bankruptcy was closed by liquidation by judgment of 10-04-2026, published in the Belgian State Gazette on 01-06-2026.

TRANS-BORQBankruptcy closed

Are you a creditor?

Judicial reorganisation Source: Belgian Official Gazette

Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.

The procedure

Court
Enterprise Court of Liège
Opened
13 May 2022
Track
Reorganisation by collective agreement
Docket number
20220005
Moratorium until
13 November 2022 (passed; an extension would be in a later judgment)
Delegated judge
Jean Claude Moncousin
Official Gazette
19-05-2022 (pdf) ↗search the document for 2022/118075

What to do now

  1. Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
  2. Check the amount the company lists you for: it has to tell you. If it is wrong, dispute it in writing.
  3. The company files a reorganisation plan and creditors vote on it at a hearing. A plan approved and confirmed by the court also binds those who voted against.
  4. What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
  5. The file is in RegSol, where you can read the documents of the procedure.

Deadlines: the judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette. The date of the vote on the plan is in the judgment and in RegSol.

View the file in RegSol ↗ Watch Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.

General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company

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Signals

Two signals.
+raises risk
raises risk · Bankruptcy closed
The Belgian State Gazette published the closure of the bankruptcy. The latest notice is dated 01-06-2026. The registration has since been removed from the register.
Belgian State Gazette
raises risk · Judicial reorganisation
The procedure ran under court protection (Book XX WER); the registration has since been removed from the register.
KBO · legal situation
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

On 21 November 1996, TRANS-BORQ was incorporated.1 Total assets went from EUR 989,281 in 2018 to EUR 1.1 million in 2021 and headcount from 6.1 to 5.7 full-time equivalents.2 The company was declared bankrupt on 6 December 2022; the bankruptcy was closed on 10 April 2026.34

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2021
  3. 3Belgian State Gazette, 12-12-2022
  4. 4Belgian State Gazette, 01-06-2026

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2021, micro schema

Turnover
€315,571
EBIT margin
-6.4%
Net result
-€42,613▼ 86.4%
2020 · -€22,863
Working capital
€192,669▼ 18.1%
2020 · €235,146
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
Line201820202021
Turnover€315,571-
Operating result€3,124--€20,047--€38,075▼ 89.9%
Net result€1,285--€22,863--€42,613▼ 86.4%
EBIT margin-6.4%-
Equity€263,908-€235,588-€192,976▼ 18.1%
Total assets€989,281-€1.1m-€1.1m▲ 4.3%
Debt€725,373-€815,690-€903,811▲ 10.8%
Working capital€263,466-€235,146-€192,669▼ 18.1%
Staff (FTE)6.1-7.7-5.7▼ 26.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€60,000-€40,000-€20,000€0Operating result 2018: €3,124€3,124Net result 2018: €1,285€1,285Operating result 2020: -€20,047-€20,047Net result 2020: -€22,863-€22,863Operating result 2021: -€38,075-€38,075Net result 2021: -€42,613-€42,613201820202021-€60,000-€40,000-€20,000€0Operating result 2018: €3,124€3,120Net result 2018: €1,285€1,290Operating result 2020: -€20,047-€20,000Net result 2020: -€22,863-€22,900Operating result 2021: -€38,075-€38,100Net result 2021: -€42,613-€42,600201820202021
The operating result stays negative: a loss of €38,075 in 2021 against €20,047 in 2020; the loss grows and 2021 has the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €1.1m
Fixed assets €307 ▼ 30.5%
Current assets €1.1m ▲ 4.3%
Equity and liabilities €1.1m
Equity €192,976 ▼ 18.1%
Debt €903,811 ▲ 10.8%
Debt's share of the balance-sheet total rises from 77.6% to 82.4%. Equity is lower and debt is higher.
Key figures and ratios
2021 value · change against 2020
Current ratio
1.21▼
2020 · 1.29
Debt to equity
4.68
ROE
-22.1%▼
2020 · -9.7%
ROA
-3.9%▼
2020 · -2.2%
Debt ≤ 1 year
€903,811▲
2020 · €815,690
Staff costs
€188,541
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2021 against 2020 · 37 lines
Balance sheet Code20202021
Assets
Total assets20/58€1.1m€1.1m▲
Fixed assets21/28€442€307▼
Tangible fixed assets22/27€0-
Financial fixed assets28€442€307▼
Current assets29/58€1.1m€1.1m▲
Amounts receivable within one year40/41€1.0m€1.1m▲
Trade receivables40-€1.1m
Cash at bank and in hand54/58€1,574€2,875▲
Equity and liabilities
Total equity and liabilities10/49€1.1m€1.1m▲
Equity10/15€235,588€192,976▼
Contributions10/11-€6,197
Reserves13€257,711€257,711=
Non-distributable reserves130/1-€1,859
Reserves not available under the articles1311-€1,859
Distributable reserves133-€255,852
Profit (loss) carried forward14-€28,320-€70,933▼
Amounts payable17/49€815,690€903,811▲
Amounts payable within one year42/48€815,690€903,811▲
Trade debts44€749,145€792,283▲
Suppliers440/4-€792,283
Taxes, remuneration and social security45-€106,529
Taxes450/3-€16,577
Remuneration and social security454/9-€89,951
Other amounts payable47/48-€5,000
Income statement Code20202021
Turnover70€315,571-
Remuneration, social security and pensions62-€188,541
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€8,742
Other operating charges640/8-€4,539
Gross operating margin9900€224,737€163,747▼
Operating profit (loss)9901-€20,047-€38,075▼
Financial charges65/66B-€4,538
Recurring financial charges65€2,816€4,538▲
Profit (loss) for the period before taxes9903-€22,863-€42,613▼
Profit (loss) for the period9904-€22,863-€42,613▼
Profit (loss) for the period to be appropriated9905-€22,863-€42,613▼
Appropriation of the result
Profit (loss) to be appropriated9906--€70,933
Profit (loss) brought forward from the previous period14P--€28,320

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line201820202021Change
Turnover70-€315,571--
Remuneration, social security and pensions62--€188,541-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€8,742-
Other operating charges640/8--€4,539-
Gross operating margin9900€238,612€224,737€163,747▼ 27.1%
Operating profit (loss)9901€3,124-€20,047-€38,075▼ 89.9%
Recurring financial income75€0---
Financial charges65/66B--€4,538-
Recurring financial charges65€1,630€2,816€4,538▲ 61.2%
Profit (loss) for the period before taxes9903€1,494-€22,863-€42,613▼ 86.4%
Income taxes67/77€209---
Profit (loss) for the period9904€1,285-€22,863-€42,613▼ 86.4%
Profit (loss) for the period to be appropriated9905€1,285-€22,863-€42,613▼ 86.4%
Line201820202021Change
Assets
Total assets20/58€989,281€1.1m€1.1m▲ 4.3%
Fixed assets21/28€442€442€307▼ 30.5%
Tangible fixed assets22/27€0€0--
Financial fixed assets28€442€442€307▼ 30.5%
Current assets29/58€988,839€1.1m€1.1m▲ 4.3%
Amounts receivable within one year40/41€986,215€1.0m€1.1m▲ 4.2%
Trade receivables40--€1.1m-
Cash at bank and in hand54/58€2,625€1,574€2,875▲ 82.7%
Equity and liabilities
Total equity and liabilities10/49€989,281€1.1m€1.1m▲ 4.3%
Equity10/15€263,908€235,588€192,976▼ 18.1%
Contributions10/11€6,197-€6,197-
Reserves13€257,711€257,711€257,711=
Non-distributable reserves130/1--€1,859-
Reserves not available under the articles1311--€1,859-
Distributable reserves133--€255,852-
Profit (loss) carried forward14--€28,320-€70,933▼ 150%
Amounts payable17/49€725,373€815,690€903,811▲ 10.8%
Amounts payable within one year42/48€725,373€815,690€903,811▲ 10.8%
Trade debts44€667,590€749,145€792,283▲ 5.8%
Suppliers440/4--€792,283-
Taxes, remuneration and social security45--€106,529-
Taxes450/3--€16,577-
Remuneration and social security454/9--€89,951-
Other amounts payable47/48--€5,000-
Line201820202021Change
Profit (loss) for the period9904€1,285-€22,863-€42,613▼ 86.4%
Operating cash flow (approximation)€1,285-€22,863-€42,613▼ 86.4%
Investment in fixed assets (approximation)--€135-
Change in cash--€1,301-

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

2026
01-06
Bankruptcy Bankruptcy closure (by liquidation)
Tribunal de l’entreprise de Liège, division Neufchâteau · event 10-04-2026
2022
12-12
Bankruptcy Opening
Tribunal de l’entreprise de Liège, division Neufchâteau · event 06-12-2022
21-09
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 144 days late
19-05
Judicial reorganisation Opening
Tribunal de l’entreprise de Liège · collective agreement · event 13-05-2022
2021
30-09
Financial Weakest financial yearnet -€42,613
Net result drops to -€42,613, the lowest in the series.
24-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 116 days late
2019
27-05
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
28-03
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
30-03
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2015
31-03
NBB filing Annual accounts filed
fiscal year 2014 · full schema
2014
30-04
NBB filing Annual accounts filed
fiscal year 2013 · full schema
2013
29-04
NBB filing Annual accounts filed
fiscal year 2012 · full schema
2012
16-04
NBB filing Annual accounts filed
fiscal year 2011 · full schema
2011
04-05
NBB filing Annual accounts filed
fiscal year 2010 · full schema · 4 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
1 act for this company is 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, Saint-Hubert
exact location from the address register On OpenStreetMap
Ground area
1.8 ha
Building footprint
1,177 m²
Volume, LiDAR
7,521 m³
Parcel 84059A1931/00A000, Wallonia · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
84059A1931/00A000 Wallonia 1.8 ha 1 · 1,177 m² 10.0 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.

Insolvency mandates

1 mandate
Role Name Tenure
Curator PATRICK DAVREUX
RUE DE LA STATION 17, 6920 WELLIN
06-12-2022 → 10-04-2026

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded21-11-1996
Fiscal year end30-09
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

Register as of 28 September 2026 · Peppol Directory

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