Trans. V.B.
ActiveSummary
Trans. V.B. has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €97k and a net result of €20k. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 42% of 4654 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-3
Solvency56▼-25
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.47 against 1.44 in 2024; short-term debt: 26% and cash: 0.2% of total assets), and 69.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
30.6%
Return on assets
6.3%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 02-03-2026, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
59 d early
2024
23 d early
2023
61 d early
2022
4 d early
2021
40 d early
2020
57 d early
2019
36 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€97k▲ 13.1%
2024 · €86k
2018: €45klowest in 8 years
2019: €58k▲ +30.4% vs 2018
2020: €67k▲ +15.2% vs 2019
2021: €87k▲ +28.6% vs 2020
2022: €98k▲ +13.3% vs 2021highest in 8 years
2023: €85k▼ -13.0% vs 2022
2024: €86k▲ +0.9% vs 2023
2025: €97k▲ +13.1% vs 2024
2018 → 2025
Total assets
€319k▲ 108%
2024 · €153k
2018: €107klowest in 8 years
2019: €240k▲ +126% vs 2018
2020: €217k▼ -9.7% vs 2019
2021: €248k▲ +14.5% vs 2020
2022: €249k▲ +0.3% vs 2021
2023: €201k▼ -19.4% vs 2022
2024: €153k▼ -23.8% vs 2023
2025: €319k▲ +108% vs 2024highest in 8 years
2018 → 2025
Net result
€20k▲ 40.4%
2024 · €14k
2018: €7k
2019: €14k▲ +104% vs 2018
2020: €9k▼ -34.5% vs 2019
2021: €19k▲ +116% vs 2020
2022: €11k▼ -40.4% vs 2021
2023: €-6k▼ -153% vs 2022lowest in 8 years
2024: €14k▲ +338% vs 2023
2025: €20k▲ +40.4% vs 2024highest in 8 years
2018 → 2025
Working capital
€39k▲ 61.2%
2024 · €24k
2018: €23klowest in 8 years
2019: €36k▲ +62.0% vs 2018
2020: €42k▲ +14.1% vs 2019
2021: €59k▲ +41.5% vs 2020highest in 8 years
2022: €45k▼ -22.9% vs 2021
2023: €45k▼ -0.3% vs 2022
2024: €24k▼ -46.8% vs 2023
2025: €39k▲ +61.2% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€87k-€98k▲ 13.3%€85k▼ 13.0%€86k▲ 0.9%€97k▲ 13.1%
2021: €87k
2022: €98k▲ +13.3% vs 2021highest in 5 years
2023: €85k▼ -13.0% vs 2022lowest in 5 years
2024: €86k▲ +0.9% vs 2023
2025: €97k▲ +13.1% vs 2024
Operating result€22k-€18k▼ 17.1%€-2k€19k€27k▲ 43.6%
2021: €22k
2022: €18k▼ -17.1% vs 2021
2023: €-2k▼ -114% vs 2022lowest in 5 years
2024: €19k▲ +856% vs 2023
2025: €27k▲ +43.6% vs 2024highest in 5 years
Net result€19k-€11k▼ 40.4%€-6k€14k€20k▲ 40.4%
2021: €19k
2022: €11k▼ -40.4% vs 2021
2023: €-6k▼ -153% vs 2022lowest in 5 years
2024: €14k▲ +338% vs 2023
2025: €20k▲ +40.4% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro 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 44% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €319k
Fixed assets
€197k ▲ 164%
Current assets
€122k ▲ 55.0%
Equity and liabilities €319k
Equity
€97k ▲ 13.1%
Debt
€221k ▲ 230%
Debt's share of the balance-sheet total rises from 43.7% to 69.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€80k▲
2024 · €57k
Cash flow
€73k▲
2024 · €53k
Current ratio
1.47▲
2024 · 1.44
Debt to equity
2.27▲
2024 · 0.78
ROE
20.7%▲
2024 · 16.7%
ROA
6.3%▼
2024 · 9.4%
Interest coverage
20.98▲
2024 · 14.82
Debt ≤ 1 year
€83k▲
2024 · €54k
Debt > 1 year
€138k▲
2024 · €13k
Income taxes
€3k▼
2024 · €4k
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 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€153k€319k▲
Fixed assets21/28€75k€197k▲
Tangible fixed assets22/27€75k€197k▲
Plant, machinery and equipment23€17k€12k▼
Furniture and vehicles24€21k€13k▼
Leasing and similar rights25€34k€171k▲
Other tangible fixed assets26€2k€1k▼
Current assets29/58€78k€122k▲
Amounts receivable after more than one year29€31k€22k▼
Other amounts receivable291€31k€22k▼
Amounts receivable within one year40/41€44k€95k▲
Trade receivables40€42k€73k▲
Other amounts receivable41€2k€22k▲
Cash at bank and in hand54/58€2k€794▼
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€153k€319k▲
Equity10/15€86k€97k▲
Contributions10/11€12k€12k=
Reserves13€74k€85k▲
Distributable reserves133€74k€85k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€67k€221k▲
Amounts payable after more than one year17€13k€138k▲
Financial debts170/4€13k€138k▲
Amounts payable within one year42/48€54k€83k▲
Current portion of amounts payable after more than one year42€42k€44k▲
Financial debts43-€12k
Credit institutions430/8-€12k
Trade debts44€6k€10k▲
Suppliers440/4€6k€10k▲
Taxes, remuneration and social security45€3k€11k▲
Taxes450/3€331€6k▲
Remuneration and social security454/9€3k€5k▲
Other amounts payable47/48€4k€5k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€53k▲
Other operating charges640/8€6k€4k▼
Gross operating margin9900€63k€84k▲
Operating profit (loss)9901€19k€27k▲
Financial income75/76B€3k€129▼
Recurring financial income75€3k€129▼
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€18k€23k▲
Income taxes67/77€4k€3k▼
Profit (loss) for the period9904€14k€20k▲
Profit (loss) for the period to be appropriated9905€14k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€14k€20k▲
Transfer from equity791/2€14k€9k▼
Transfer to equity691/2€14k€20k▲
To other reserves6921€14k€20k▲
Profit to be distributed694/7€14k€9k▼
Return on contributions (dividend)694€14k€9k▼
The notes to these accounts (7 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €14k | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39k | €33k | €36k | €38k | €53k | ▲ 38.9% |
| Other operating charges640/8 | - | €6k | €6k | €6k | €4k | ▼ 30.9% |
| Gross operating margin9900 | €65k | €56k | €39k | €63k | €84k | ▲ 33.6% |
| Operating profit (loss)9901 | €22k | €18k | €-2k | €19k | €27k | ▲ 43.6% |
| Financial income75/76B | - | €5k | €2k | €3k | €129 | ▼ 96.1% |
| Recurring financial income75 | €9k | €5k | €2k | €3k | €129 | ▼ 96.1% |
| Financial charges65/66B | - | €6k | €6k | €4k | €4k | ▼ 0.8% |
| Recurring financial charges65 | €7k | €6k | €6k | €4k | €4k | ▼ 0.8% |
| Profit (loss) for the period before taxes9903 | €24k | €17k | €-6k | €18k | €23k | ▲ 28.1% |
| Income taxes67/77 | €5k | €5k | €0 | €4k | €3k | ▼ 17.4% |
| Profit (loss) for the period9904 | €19k | €11k | €-6k | €14k | €20k | ▲ 40.4% |
| Profit (loss) for the period to be appropriated9905 | €19k | €11k | €-6k | €14k | €20k | ▲ 40.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €248k | €249k | €201k | €153k | €319k | ▲ 108% |
| Fixed assets21/28 | €132k | €127k | €95k | €75k | €197k | ▲ 164% |
| Tangible fixed assets22/27 | €132k | €127k | €95k | €75k | €197k | ▲ 164% |
| Plant, machinery and equipment23 | - | €29k | €23k | €17k | €12k | ▼ 33.4% |
| Furniture and vehicles24 | - | €3k | €6k | €21k | €13k | ▼ 38.2% |
| Leasing and similar rights25 | - | €93k | €63k | €34k | €171k | ▲ 399% |
| Other tangible fixed assets26 | - | €3k | €2k | €2k | €1k | ▼ 24.0% |
| Current assets29/58 | €116k | €122k | €106k | €78k | €122k | ▲ 55.0% |
| Amounts receivable after more than one year29 | - | €50k | €44k | €31k | €22k | ▼ 27.6% |
| Other amounts receivable291 | - | €50k | €44k | €31k | €22k | ▼ 27.6% |
| Amounts receivable within one year40/41 | €112k | €59k | €55k | €44k | €95k | ▲ 115% |
| Trade receivables40 | - | €55k | €55k | €42k | €73k | ▲ 74.0% |
| Other amounts receivable41 | - | €4k | €0 | €2k | €22k | ▲ 937% |
| Cash at bank and in hand54/58 | €207 | €9k | €4k | €2k | €794 | ▼ 51.3% |
| Deferred charges and accrued income490/1 | - | €4k | €3k | €2k | €4k | ▲ 92.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €248k | €249k | €201k | €153k | €319k | ▲ 108% |
| Equity10/15 | €87k | €98k | €85k | €86k | €97k | ▲ 13.1% |
| Contributions10/11 | - | €12k | €12k | €12k | €12k | = |
| Reserves13 | €74k | €86k | €73k | €74k | €85k | ▲ 15.3% |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | €86k | €73k | €74k | €85k | ▲ 15.3% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €162k | €151k | €116k | €67k | €221k | ▲ 230% |
| Amounts payable after more than one year17 | €104k | €74k | €55k | €13k | €138k | ▲ 999% |
| Financial debts170/4 | - | €74k | €55k | €13k | €138k | ▲ 999% |
| Amounts payable within one year42/48 | €57k | €77k | €61k | €54k | €83k | ▲ 52.2% |
| Current portion of amounts payable after more than one year42 | - | €29k | €40k | €42k | €44k | ▲ 5.4% |
| Financial debts43 | - | - | - | - | €12k | - |
| Credit institutions430/8 | - | - | - | - | €12k | - |
| Trade debts44 | €13k | €45k | €10k | €6k | €10k | ▲ 82.4% |
| Suppliers440/4 | - | €45k | €10k | €6k | €10k | ▲ 82.4% |
| Taxes, remuneration and social security45 | - | €3k | €2k | €3k | €11k | ▲ 271% |
| Taxes450/3 | - | €3k | €2k | €331 | €6k | ▲ 1,721% |
| Remuneration and social security454/9 | - | €0 | - | €3k | €5k | ▲ 94.6% |
| Other amounts payable47/48 | - | €0 | €9k | €4k | €5k | ▲ 49.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19k | €11k | €-6k | €14k | €20k | ▲ 40.4% |
| + Depreciation and write-downs630 | €39k | €33k | €36k | €38k | €53k | ▲ 38.9% |
| Operating cash flow (approximation) | €58k | €44k | €30k | €53k | €73k | ▲ 39.3% |
| Investment in fixed assets (approximation) | - | €-27k | €-4k | €-18k | €-175k | ▼ 875% |
| Change in cash | - | €9k | €-5k | €-3k | €-837 | ▲ 69.7% |
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
02-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €20k ▲40.4%
Operating result €27k, net result €20k, both a record.
07-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
26-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
04-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-04
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.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Bornem · 1 establishment unit since 1989
Ground area
988 m²
Building footprint
461 m²
Volume, LiDAR
2,508 m³
Parcel 12015B0131/00G000, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Koningin Astridlaan(WIN) 12, 2880 Bornem
since 19892.041.884.048
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12015B0131/00G000 | Flanders | 988 m² | 1 · 461 m² | 10.6 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 113 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 113 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,590 companies in sector 49410 we hold annual accounts for 8,199. 6,335 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
Founded22-12-1988
Fiscal year end30-09
Activities, NACEBEL 2025
49410Freight transport by road
43110Demolition
43120Site preparation
46831Wholesale of construction materials, general range
47521Retail sale of hardware, building materials, paint and glass (general range)
Scores and ratios are computed by Checked and are not a credit decision.