TRANS-MUST

Active

Private limited companyfounded 20179 yrs activeKolomstraat 1, 1080 Sint-Jans-Molenbeek, BelgiumKBO/BCE: BE 0676.816.411

The computed 12-month bankruptcy probability of TRANS-MUST is 2.6% (moderate). The 2025 annual accounts show equity of €7k and a net result of €2k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 37% of 4575 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

49 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability78▼-22

Solvency51▲+2

Growth75=

Track record100

Bankruptcy probability, 12 months

2.6% Moderate

0%0.5%1.5%4%10%≥ 25%

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

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

Sector 49

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 7 filings

Deviation from the deadline

2025

27 d late

2024

54 d late

2023

30 d late

2022

76 d early

2021

30 d late

2020

23 d late

2019

298 d late

← before the deadline after the deadline →

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 months

Position in the running window

22-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, micro schema

Turnover

€42k▼ 14.1%

2022 · €49k

2019: €27k 2020: €24k 2021: €24k 2022: €49k

2019 → 2023

EBIT margin

-15.5%▼ 24.7pp

2022 · 9.2%

2019: -13.4% 2020: 9.7% 2021: -2.9% 2022: 9.2%

2019 → 2023

Net result

€2k▼ 67.7%

2024 · €6k

2019: €-4k 2020: €2k 2021: €-824 2022: €5k 2023: €-7k 2024: €6k

2019 → 2025

Working capital

€-1k▲ 77.3%

2024 · €-5k

2019: €-7k 2020: €-6k 2021: €-3k 2022: €13k 2023: €-13k 2024: €-5k

2019 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€24k-€49k▲ 101%€42k▼ 14.1%

Equity€2k-€7k▲ 288%€-879€5k€7k▲ 37.9%

Operating result€-705-€5k€-7k€7k€3k▼ 60.8%

Net result€-824-€5k€-7k€6k€2k▼ 67.7%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 61% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €27k

38.8%

61.2%

Fixed assets €10k▼ 41.5%

Current assets €16k▲ 427%

Equity and liabilities €27k

26.2%

73.8%

Equity €7k▲ 37.9%

Debt €20k▲ 25.4%

The debt ratio falls from 75.6% to 73.8%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€10k▼

2024 · €15k

Cash flow

€9k▼

2024 · €13k

Solvency

26.2%▲

2024 · 24.4%

Current ratio

0.94▲

2024 · 0.41

Quick ratio

0.94▲

2024 · 0.41

Debt / equity

2.82▼

2024 · 3.10

ROE

27.5%▼

2024 · 117.3%

ROA

7.2%▼

2024 · 28.6%

Interest coverage

11.44▼

2024 · 11.90

Debt

€20k▲

2024 · €16k

Debt ≤ 1 year

€17k▲

2024 · €8k

Debt > 1 year

€2k▼

2024 · €8k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€21k€27k▲

Fixed assets21/28€18k€10k▼

Tangible fixed assets22/27€18k€10k▼

Furniture and vehicles24€18k€10k▼

Financial fixed assets28€100€100=

Current assets29/58€3k€16k▲

Amounts receivable within one year40/41€2k€16k▲

Trade receivables40€1k€16k▲

Other amounts receivable41€843€572▼

Cash at bank and in hand54/58€1k€31▼

Equity and liabilities

Total equity and liabilities10/49€21k€27k▲

Equity10/15€5k€7k▲

Contributions10/11€10k€10k=

Profit (loss) carried forward14€-5k€-3k▲

Amounts payable17/49€16k€20k▲

Amounts payable after more than one year17€8k€2k▼

Financial debts170/4€8k€2k▼

Amounts payable within one year42/48€8k€17k▲

Current portion of amounts payable after more than one year42€5k€7k▲

Trade debts44€1k€2k▲

Suppliers440/4€1k€2k▲

Advances received on contracts in progress46-€7k

Taxes, remuneration and social security45€731-

Taxes450/3€731-

Other amounts payable47/48€538€2k▲

Income statement Code20242025

Remuneration, social security and pensions62€311-

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k=

Other operating charges640/8€3k€197▼

Gross operating margin9900€18k€10k▼

Operating profit (loss)9901€7k€3k▼

Financial charges65/66B€1k€888▼

Recurring financial charges65€1k€888▼

Profit (loss) for the period before taxes9903€6k€2k▼

Profit (loss) for the period9904€6k€2k▼

Profit (loss) for the period to be appropriated9905€6k€2k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-5k€-3k▲

Profit (loss) brought forward from the previous period14P€-11k€-5k▲

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

Download as CSV

Timeline · acts, filings and financial milestones

All 12Financial 5Filings 7

Next filing, fiscal year 2026, expected by 31-07-2027

2026

27-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 27 days late

2025

23-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 54 days late

2024

31-12

Financial Back to profitnet €6k

Net result €6k after one loss-making year.

30-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 30 days late

2023

31-12

Financial Weakest financial yearnet €-7k ▼253%

Net result drops to €-7k, the lowest in the series; recovery starts the following year.

16-05

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Back to profitnet €5k

Net result €5k after one loss-making year.

31-12

Financial Liquidity times 7current ratio 5.94

Current ratio from 0.82 to 5.94; short-term debt falls from €19k to €3k.

30-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 30 days late

2021

23-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 23 days late

25-05

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 298 days late

2020

31-12

Financial Back to profitnet €2k

Net result €2k after one loss-making year.

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2025

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

10-12-2025 BOUYAKNOUDEN Reda: Resigned as Director

10-12-2025 KHANOUJA Rachid: Resigned as Director

22-12-2023 EL AMIN Oussama: Resigned as Manager

22-12-2023 TAHRI Ayoub: Resigned as Manager

18-11-2023 BOUYAKNOUDEN Reda: Resigned as Director

01-12-2021 El Madi Smaïl: Resigned as Director

31-03-2019 BEN ABDERRAHMAN MUSTAPHA: Resigned as Managing director

31-03-2019 NACEUR HAYET: Resigned as Managing director

Location & real-estate footprint

Registered office, Sint-Jans-Molenbeek · 1 establishment unit since 2017

establishment The establishment unit on the map

Cannot be placed on the map