TRANS - BOURS
ActiveSummary
TRANS - BOURS has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €762k and a net result of €136k. Equity is growing by ~15.3% per year across the filed fiscal years. Its solvency ranks better than 62% of 868 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-6
Solvency75▼-25
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 1.64 against 3.09 in 2024; short-term debt: 44.2% and cash: 58.1% of total assets), and 49.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← 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
50.2%
Return on assets
9%
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 06-05-2026, 86 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
86 d early
2024
59 d early
2023
92 d early
2022
35 d early
2021
93 d early
2020
73 d early
2019
92 d early
← before the deadline
after the deadline →
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
25-09-2026 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
€136k▼ 23.7%
2024 · €178k
2018: €23klowest in 8 years
2019: €81k▲ +252% vs 2018
2020: €119k▲ +47.0% vs 2019
2021: €137k▲ +15.2% vs 2020
2022: €190k▲ +39.1% vs 2021highest in 8 years
2023: €88k▼ -53.6% vs 2022
2024: €178k▲ +102% vs 2023
2025: €136k▼ -23.7% vs 2024
2018 → 2025
Working capital
€428k▼ 29.5%
2024 · €606k
2018: €71klowest in 8 years
2019: €97k▲ +37.6% vs 2018
2020: €130k▲ +34.0% vs 2019
2021: €170k▲ +30.9% vs 2020
2022: €235k▲ +37.9% vs 2021
2023: €411k▲ +75.0% vs 2022
2024: €606k▲ +47.7% vs 2023highest in 8 years
2025: €428k▼ -29.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€677k-€845k▲ 24.8%€933k▲ 10.4%€1.01M▲ 8.5%€762k▼ 24.8%
2021: €677klowest in 5 years
2022: €845k▲ +24.8% vs 2021
2023: €933k▲ +10.4% vs 2022
2024: €1.01M▲ +8.5% vs 2023highest in 5 years
2025: €762k▼ -24.8% vs 2024
Operating result€173k-€260k▲ 50.2%€132k▼ 49.2%€239k▲ 80.9%€173k▼ 27.7%
2021: €173k
2022: €260k▲ +50.2% vs 2021highest in 5 years
2023: €132k▼ -49.2% vs 2022lowest in 5 years
2024: €239k▲ +80.9% vs 2023
2025: €173k▼ -27.7% vs 2024
Net result€137k-€190k▲ 39.1%€88k▼ 53.6%€178k▲ 102%€136k▼ 23.7%
2021: €137k
2022: €190k▲ +39.1% vs 2021highest in 5 years
2023: €88k▼ -53.6% vs 2022lowest in 5 years
2024: €178k▲ +102% vs 2023
2025: €136k▼ -23.7% vs 2024
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 28% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.52M
Fixed assets
€418k ▼ 0.4%
Current assets
€1.10M ▲ 22.6%
Equity and liabilities €1.52M
Equity
€762k ▼ 24.8%
Debt
€755k ▲ 149%
Debt's share of the balance-sheet total rises from 23.0% to 49.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€313k▼
2024 · €371k
Cash flow
€276k▼
2024 · €310k
Current ratio
1.64▼
2024 · 3.09
Quick ratio
1.63▼
2024 · 3.09
Debt to equity
0.99▲
2024 · 0.30
ROE
17.8%▲
2024 · 17.6%
ROA
9.0%▼
2024 · 13.5%
Interest coverage
48.77▼
2024 · 75.07
Debt ≤ 1 year
€671k▲
2024 · €290k
Debt > 1 year
€84k▲
2024 · €13k
Income taxes
€55k▼
2024 · €63k
Staff costs
€295k▼
2024 · €321k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 63 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.32M€1.52M▲
Fixed assets21/28€420k€418k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€418k€416k▼
Land and buildings22€220k€203k▼
Plant, machinery and equipment23€15k€5k▼
Furniture and vehicles24€178k€83k▼
Leasing and similar rights25-€123k
Other tangible fixed assets26€5k€2k▼
Financial fixed assets28€2k€2k▼
Current assets29/58€896k€1.10M▲
Stocks and contracts in progress3€2k€2k▼
Stocks30/36€2k€2k▼
Amounts receivable within one year40/41€278k€214k▼
Trade receivables40€261k€212k▼
Other amounts receivable41€17k€3k▼
Current investments50/53€150k-
Cash at bank and in hand54/58€455k€881k▲
Deferred charges and accrued income490/1€11k€2k▼
Equity and liabilities
Total equity and liabilities10/49€1.32M€1.52M▲
Equity10/15€1.01M€762k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€937k€685k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€175k€175k=
Distributable reserves133€756k€504k▼
Profit (loss) carried forward14€14k€15k▲
Amounts payable17/49€303k€755k▲
Amounts payable after more than one year17€13k€84k▲
Financial debts170/4€13k€84k▲
Amounts payable within one year42/48€290k€671k▲
Current portion of amounts payable after more than one year42€15k€48k▲
Trade debts44€72k€157k▲
Suppliers440/4€72k€157k▲
Taxes, remuneration and social security45€97k€71k▼
Taxes450/3€33k€26k▼
Remuneration and social security454/9€63k€45k▼
Other amounts payable47/48€105k€395k▲
Income statement
Code20242025
Remuneration, social security and pensions62€321k€295k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€131k€140k▲
Other operating charges640/8€70k€61k▼
Gross operating margin9900€762k€670k▼
Operating profit (loss)9901€239k€173k▼
Financial income75/76B€7k€25k▲
Recurring financial income75€7k€25k▲
Financial charges65/66B€5k€6k▲
Recurring financial charges65€5k€6k▲
Profit (loss) for the period before taxes9903€241k€191k▼
Income taxes67/77€63k€55k▼
Profit (loss) for the period9904€178k€136k▼
Transfer to tax-exempt reserves689€37k-
Profit (loss) for the period to be appropriated9905€141k€136k▼
Appropriation of the result
Profit (loss) to be appropriated9906€155k€150k▼
Profit (loss) brought forward from the previous period14P€14k€14k▲
Transfer from equity791/2€99k€387k▲
Transfer to equity691/2€141k€135k▼
To other reserves6921€141k€135k▼
Profit to be distributed694/7€99k€387k▲
Return on contributions (dividend)694€99k€387k▲
Social balance
Average headcount (FTE)90876.35.1▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €455k | €396k | €426k | €321k | €295k | ▼ 8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €159k | €165k | €196k | €131k | €140k | ▲ 6.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €4k | €24k | - | - | - |
| Other operating charges640/8 | €83k | €81k | €88k | €70k | €61k | ▼ 12.4% |
| Gross operating margin9900 | €870k | €907k | €866k | €762k | €670k | ▼ 12.1% |
| Operating profit (loss)9901 | €173k | €260k | €132k | €239k | €173k | ▼ 27.7% |
| Financial income75/76B | €4k | €160 | €3k | €7k | €25k | ▲ 275% |
| Recurring financial income75 | €4k | €160 | €3k | €7k | €25k | ▲ 275% |
| Financial charges65/66B | €8k | €8k | €8k | €5k | €6k | ▲ 30.0% |
| Recurring financial charges65 | €8k | €8k | €8k | €5k | €6k | ▲ 30.0% |
| Profit (loss) for the period before taxes9903 | €170k | €252k | €127k | €241k | €191k | ▼ 20.7% |
| Income taxes67/77 | €33k | €62k | €39k | €63k | €55k | ▼ 12.0% |
| Profit (loss) for the period9904 | €137k | €190k | €88k | €178k | €136k | ▼ 23.7% |
| Transfer to tax-exempt reserves689 | €36k | €21k | - | €37k | - | - |
| Profit (loss) for the period to be appropriated9905 | €101k | €169k | €88k | €141k | €136k | ▼ 3.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.30M | €1.31M | €1.18M | €1.32M | €1.52M | ▲ 15.3% |
| Fixed assets21/28 | €690k | €746k | €551k | €420k | €418k | ▼ 0.4% |
| Intangible fixed assets21 | - | €0 | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €688k | €744k | €549k | €418k | €416k | ▼ 0.4% |
| Land and buildings22 | €258k | €256k | €237k | €220k | €203k | ▼ 7.7% |
| Plant, machinery and equipment23 | €44k | €37k | €26k | €15k | €5k | ▼ 69.1% |
| Furniture and vehicles24 | €375k | €442k | €279k | €178k | €83k | ▼ 53.7% |
| Leasing and similar rights25 | - | - | - | - | €123k | - |
| Other tangible fixed assets26 | €11k | €9k | €7k | €5k | €2k | ▼ 50.0% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | ▼ 6.9% |
| Current assets29/58 | €606k | €566k | €628k | €896k | €1.10M | ▲ 22.6% |
| Stocks and contracts in progress3 | €3k | €2k | €2k | €2k | €2k | ▼ 2.0% |
| Stocks30/36 | €3k | €2k | €2k | €2k | €2k | ▼ 2.0% |
| Amounts receivable within one year40/41 | €285k | €285k | €209k | €278k | €214k | ▼ 22.9% |
| Trade receivables40 | €264k | €280k | €193k | €261k | €212k | ▼ 19.0% |
| Other amounts receivable41 | €21k | €6k | €17k | €17k | €3k | ▼ 83.7% |
| Current investments50/53 | - | - | €100k | €150k | - | - |
| Cash at bank and in hand54/58 | €298k | €277k | €315k | €455k | €881k | ▲ 93.5% |
| Deferred charges and accrued income490/1 | €20k | €2k | €1k | €11k | €2k | ▼ 85.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.30M | €1.31M | €1.18M | €1.32M | €1.52M | ▲ 15.3% |
| Equity10/15 | €677k | €845k | €933k | €1.01M | €762k | ▼ 24.8% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €602k | €770k | €858k | €937k | €685k | ▼ 26.9% |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Tax-exempt reserves132 | €117k | €138k | €138k | €175k | €175k | = |
| Distributable reserves133 | €479k | €626k | €714k | €756k | €504k | ▼ 33.3% |
| Profit (loss) carried forward14 | €14k | €14k | €14k | €14k | €15k | ▲ 6.2% |
| Amounts payable17/49 | €619k | €467k | €246k | €303k | €755k | ▲ 149% |
| Amounts payable after more than one year17 | €184k | €134k | €28k | €13k | €84k | ▲ 543% |
| Financial debts170/4 | €184k | €134k | €28k | €13k | €84k | ▲ 543% |
| Amounts payable within one year42/48 | €436k | €332k | €217k | €290k | €671k | ▲ 132% |
| Current portion of amounts payable after more than one year42 | €125k | €107k | €78k | €15k | €48k | ▲ 212% |
| Trade debts44 | €220k | €129k | €53k | €72k | €157k | ▲ 117% |
| Suppliers440/4 | €220k | €129k | €53k | €72k | €157k | ▲ 117% |
| Taxes, remuneration and social security45 | €59k | €66k | €80k | €97k | €71k | ▼ 26.2% |
| Taxes450/3 | €10k | €18k | €16k | €33k | €26k | ▼ 20.9% |
| Remuneration and social security454/9 | €50k | €47k | €64k | €63k | €45k | ▼ 29.1% |
| Other amounts payable47/48 | €31k | €30k | €6k | €105k | €395k | ▲ 275% |
| Accrued charges and deferred income492/3 | - | €2k | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €137k | €190k | €88k | €178k | €136k | ▼ 23.7% |
| + Depreciation and write-downs630 | €159k | €165k | €196k | €131k | €140k | ▲ 6.8% |
| Operating cash flow (approximation) | €296k | €355k | €284k | €310k | €276k | ▼ 10.8% |
| Investment in fixed assets (approximation) | - | €-221k | €-826 | €0 | €-138k | - |
| Change in cash | - | €-22k | €38k | €140k | €426k | ▲ 204% |
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
06-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €1MEq €1.01M ▲8.5%
7 profitable years in a row build equity to €1.01M.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €190k ▲39.1%
Operating result €260k, net result €190k, both a record.
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
19-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €500kEq €564k ▲26.6%
3 profitable years in a row build equity to €564k.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
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.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Baelen · 1 establishment unit since 2000
Ground area
6,751 m²
Building footprint
615 m²
Volume, LiDAR
3,993 m³
2 parcels, Wallonia · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de l'Industrie 32, 4840 Welkenraedt
since 20002.094.854.065
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63084A0357/05G000 | Wallonia | 5,730 m² | 1 · 439 m² | 7.3 m · 2 fl. |
| 63004A0704/00G000 | Wallonia | 1,021 m² | 1 · 176 m² | 8.3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteWelkenraedt2.094.854.065
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Of 12,585 companies in sector 49410 we hold annual accounts for 8,198. 4,578 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
Founded30-12-1999
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
Scores and ratios are computed by Checked and are not a credit decision.