TRANS-SERVICE EXPRESS
ActiveSummary
TRANS-SERVICE EXPRESS has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €180k and a net result of €82k. Equity is growing by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 37% of 1851 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▲+5
Solvency56▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity short (current ratio 0.81 against 0.79 in 2024; short-term debt: 67.2% and cash: 0.9% of total assets), and 69.1% 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
Sector 49
higher
← 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
30.9%
Return on assets
14.1%
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
77 d early
2023
77 d early
2022
52 d early
2021
101 d early
2020
78 d early
2019
73 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€180k▲ 4.1%
2024 · €173k
2018: €142k
2019: €146k
2020: €148k
2021: €152k
2022: €161k
2023: €168k
2024: €173k
2018 → 2025
Total assets
€583k▼ 4.6%
2024 · €611k
2018: €689k
2019: €613k
2020: €569k
2021: €548k
2022: €637k
2023: €525k
2024: €611k
2018 → 2025
Net result
€82k▲ 41.8%
2024 · €58k
2018: €4k
2019: €5k
2020: €2k
2021: €4k
2022: €9k
2023: €7k
2024: €58k
2018 → 2025
Working capital
€-74k▲ 10.3%
2024 · €-82k
2018: €-146k
2019: €-149k
2020: €-103k
2021: €-64k
2022: €-114k
2023: €-67k
2024: €-82k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€152k-€161k▲ 5.9%€168k▲ 4.6%€173k▲ 2.9%€180k▲ 4.1%
Operating result€20k-€34k▲ 71.5%€31k▼ 6.7%€93k▲ 196%€128k▲ 37.5%
Net result€4k-€9k▲ 117%€7k▼ 17.8%€58k▲ 683%€82k▲ 41.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 37% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €583k
Fixed assets
€265k ▼ 11.0%
Current assets
€318k ▲ 1.4%
Equity and liabilities €583k
Equity
€180k ▲ 4.1%
Debt
€403k ▼ 8.1%
Debt's share of the balance-sheet total falls from 71.7% to 69.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€217k▲
2024 · €168k
Cash flow
€171k▲
2024 · €133k
Current ratio
0.81▲
2024 · 0.79
Debt to equity
2.23▼
2024 · 2.53
ROE
45.5%▲
2024 · 33.4%
ROA
14.1%▲
2024 · 9.5%
Interest coverage
13.60▲
2024 · 9.96
Debt ≤ 1 year
€392k▼
2024 · €396k
Debt > 1 year
€11k▼
2024 · €42k
Income taxes
€30k▲
2024 · €18k
Staff costs
€290k▲
2024 · €229k
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 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€611k€583k▼
Fixed assets21/28€297k€265k▼
Tangible fixed assets22/27€297k€264k▼
Land and buildings22€180k€161k▼
Furniture and vehicles24€100k€101k▲
Leasing and similar rights25€17k€3k▼
Financial fixed assets28€146€146=
Current assets29/58€314k€318k▲
Amounts receivable within one year40/41€306k€313k▲
Trade receivables40€296k€291k▼
Other amounts receivable41€10k€22k▲
Cash at bank and in hand54/58€8k€5k▼
Deferred charges and accrued income490/1-€301
Equity and liabilities
Total equity and liabilities10/49€611k€583k▼
Equity10/15€173k€180k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€105k€112k▲
Amounts payable17/49€438k€403k▼
Amounts payable after more than one year17€42k€11k▼
Financial debts170/4€42k€11k▼
Amounts payable within one year42/48€396k€392k▼
Current portion of amounts payable after more than one year42€43k€44k▲
Financial debts43€105k€23k▼
Credit institutions430/8€105k€23k▼
Trade debts44€153k€198k▲
Suppliers440/4€153k€198k▲
Taxes, remuneration and social security45€39k€47k▲
Taxes450/3€17k€14k▼
Remuneration and social security454/9€22k€33k▲
Other amounts payable47/48€57k€80k▲
Income statement
Code20242025
Remuneration, social security and pensions62€229k€290k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€75k€88k▲
Other operating charges640/8€12k€8k▼
Gross operating margin9900€408k€515k▲
Operating profit (loss)9901€93k€128k▲
Financial charges65/66B€17k€16k▼
Recurring financial charges65€17k€16k▼
Profit (loss) for the period before taxes9903€76k€112k▲
Income taxes67/77€18k€30k▲
Profit (loss) for the period9904€58k€82k▲
Profit (loss) for the period to be appropriated9905€58k€82k▲
Appropriation of the result
Profit (loss) to be appropriated9906€158k€187k▲
Profit (loss) brought forward from the previous period14P€100k€105k▲
Profit to be distributed694/7€53k€75k▲
Return on contributions (dividend)694€53k€75k▲
Social balance
Average headcount (FTE)90877.18.1▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €82k ▲41.8%
Operating result €128k, net result €82k, both a record.
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
15-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
21-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €150kEq €152k ▲2.8%
4 profitable years in a row build equity to €152k.
14-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €2k ▼68%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
19-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
15-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Elsene · 1 establishment unit since 1986
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kroonlaan 2501050 ElseneGround area
2,139 m²
Building footprint
609 m²
Volume, LiDAR
3,469 m³
2 parcels, Brussels, Flanders · tallest building 19.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Buyssestraat (Cyriel) 126, 1800 Vilvoorde
since 19862.031.185.344
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23643E0011/00G000 | Flanders | 1,417 m² | 1 · 487 m² | 5.2 m · 1 fl. |
| 21443C0218/00Z021 | Brussels | 722 m² | 1 · 122 m² | 19.1 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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
MEERTS & ZONEN
BE 0472.883.314
Ravels · Eq €180,424
D&M TRANSPORT
BE 0462.307.740
Hoogstraten · Eq €180,418
Es-Er Trans
BE 0637.797.764
Genk · Eq €180,357
QUINNTRA
BE 0742.579.639
Hasselt · Eq €180,619
DRUYTS PASCAL
BE 0462.703.955
Schoten · Eq €180,180
Of 12,604 companies in sector 49410 we hold annual accounts for 8,202. 6,278 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded12-12-1986
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
49420Removal services
77110Renting and leasing of cars and light motor vehicles
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.