Trans-Wes
ActiveSummary
The computed 12-month bankruptcy probability of Trans-Wes is 4.2% (elevated). The 2024 annual accounts show equity of €18k and a net result of €-7k. Equity is growing by ~17.6% per year across the filed fiscal years. Its solvency ranks better than 24% of 6720 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability51▼-4
Solvency37▼-1
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
4.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.2 against 1.43 in 2023; short-term debt: 29.4% and cash: 3.8% of total assets), and 88% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
12%
Return on assets
-4.8%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 6720 sector peers (2024).
NBB · sector comparisonPosition among 6720 sector peers
Solvency
better than 24%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-02-2026, 188 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
188 d late
2023
226 d late
2022
91 d late
2021
94 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€18k▼ 28.6%
2023 · €26k
2021: €8klowest in 4 years
2022: €22k▲ +190% vs 2021
2023: €26k▲ +16.0% vs 2022highest in 4 years
2024: €18k▼ -28.6% vs 2023
2021 → 2024
Total assets
€153k▼ 20.9%
2023 · €193k
2021: €164k
2022: €241k▲ +47.0% vs 2021highest in 4 years
2023: €193k▼ -19.7% vs 2022
2024: €153k▼ -20.9% vs 2023lowest in 4 years
2021 → 2024
Net result
€-7k
2023 · €4k
2021: €3k
2022: €14k▲ +452% vs 2021highest in 4 years
2023: €4k▼ -75.5% vs 2022
2024: €-7k▼ -307% vs 2023lowest in 4 years
2021 → 2024
Working capital
€9k▼ 56.1%
2023 · €21k
2021: €11k
2022: €21k▲ +86.9% vs 2021highest in 4 years
2023: €21k▼ -0.6% vs 2022
2024: €9k▼ -56.1% vs 2023lowest in 4 years
2021 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€8k-€22k▲ 190%€26k▲ 16.0%€18k▼ 28.6%
2021: €8klowest in 4 years
2022: €22k▲ +190% vs 2021
2023: €26k▲ +16.0% vs 2022highest in 4 years
2024: €18k▼ -28.6% vs 2023
Operating result€5k-€20k▲ 282%€10k▼ 52.8%€-1k
2021: €5k
2022: €20k▲ +282% vs 2021highest in 4 years
2023: €10k▼ -52.8% vs 2022
2024: €-1k▼ -111% vs 2023lowest in 4 years
Net result€3k-€14k▲ 452%€4k▼ 75.5%€-7k
2021: €3k
2022: €14k▲ +452% vs 2021highest in 4 years
2023: €4k▼ -75.5% vs 2022
2024: €-7k▼ -307% vs 2023lowest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €1k after €10k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €153k
Fixed assets
€99k ▼ 20.6%
Current assets
€54k ▼ 21.6%
Equity and liabilities €153k
Equity
€18k ▼ 28.6%
Debt
€135k ▼ 19.8%
Debt's share of the balance-sheet total rises from 86.8% to 88.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€29k▲
2023 · €20k
Cash flow
€23k▲
2023 · €14k
Current ratio
1.20▼
2023 · 1.43
Debt to equity
7.37▲
2023 · 6.56
ROE
-40.0%▼
2023 · 13.8%
ROA
-4.8%▼
2023 · 1.8%
Interest coverage
4.60▲
2023 · 4.06
Debt ≤ 1 year
€45k▼
2023 · €48k
Debt > 1 year
€88k▼
2023 · €118k
Income taxes
€0▼
2023 · €1k
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 · 2024 against 2023 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€193k€153k▼
Fixed assets21/28€125k€99k▼
Tangible fixed assets22/27€124k€95k▼
Plant, machinery and equipment23€3k€1k▼
Furniture and vehicles24-€776
Leasing and similar rights25€121k€93k▼
Financial fixed assets28€1k€4k▲
Current assets29/58€69k€54k▼
Amounts receivable within one year40/41€39k€47k▲
Trade receivables40€28k€45k▲
Other amounts receivable41€11k€2k▼
Cash at bank and in hand54/58€30k€6k▼
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€193k€153k▼
Equity10/15€26k€18k▼
Contributions10/11€5k€5k=
Reserves13€21k€21k=
Distributable reserves133€21k€21k=
Profit (loss) carried forward14-€-7k
Amounts payable17/49€168k€135k▼
Amounts payable after more than one year17€118k€88k▼
Financial debts170/4€118k€88k▼
Amounts payable within one year42/48€48k€45k▼
Current portion of amounts payable after more than one year42€28k€29k▲
Trade debts44€2k€11k▲
Suppliers440/4€2k€11k▲
Taxes, remuneration and social security45€1k€80▼
Taxes450/3€1k€80▼
Other amounts payable47/48€17k€4k▼
Accrued charges and deferred income492/3€2k€2k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€30k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€4k
Other operating charges640/8€60k€15k▼
Gross operating margin9900€81k€48k▼
Operating profit (loss)9901€10k€-1k▼
Financial income75/76B€0€39▲
Recurring financial income75€0€39▲
Financial charges65/66B€5k€6k▲
Recurring financial charges65€5k€6k▲
Profit (loss) for the period before taxes9903€5k€-7k▼
Income taxes67/77€1k€0▼
Profit (loss) for the period9904€4k€-7k▼
Profit (loss) for the period to be appropriated9905€4k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€4k€-7k▼
Transfer to equity691/2€4k€0▼
To other reserves6921€4k€0▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €24k | €11k | €30k | ▲ 180% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €4k | - |
| Other operating charges640/8 | €3k | €10k | €60k | €15k | ▼ 75.0% |
| Gross operating margin9900 | €18k | €55k | €81k | €48k | ▼ 40.1% |
| Operating profit (loss)9901 | €5k | €20k | €10k | €-1k | ▼ 111% |
| Financial income75/76B | - | €2 | €0 | €39 | ▲ 130,233% |
| Recurring financial income75 | - | €2 | €0 | €39 | ▲ 130,233% |
| Financial charges65/66B | €3k | €4k | €5k | €6k | ▲ 25.1% |
| Recurring financial charges65 | €3k | €4k | €5k | €6k | ▲ 25.1% |
| Profit (loss) for the period before taxes9903 | €3k | €16k | €5k | €-7k | ▼ 257% |
| Income taxes67/77 | - | €2k | €1k | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €3k | €14k | €4k | €-7k | ▼ 307% |
| Profit (loss) for the period to be appropriated9905 | €3k | €14k | €4k | €-7k | ▼ 307% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €164k | €241k | €193k | €153k | ▼ 20.9% |
| Fixed assets21/28 | €109k | €87k | €125k | €99k | ▼ 20.6% |
| Tangible fixed assets22/27 | €109k | €87k | €124k | €95k | ▼ 23.2% |
| Plant, machinery and equipment23 | €963 | €3k | €3k | €1k | ▼ 54.6% |
| Furniture and vehicles24 | €3k | €2k | - | €776 | - |
| Leasing and similar rights25 | €105k | €82k | €121k | €93k | ▼ 23.2% |
| Financial fixed assets28 | - | - | €1k | €4k | ▲ 310% |
| Current assets29/58 | €55k | €154k | €69k | €54k | ▼ 21.6% |
| Amounts receivable within one year40/41 | €53k | €152k | €39k | €47k | ▲ 19.8% |
| Trade receivables40 | €53k | €149k | €28k | €45k | ▲ 59.4% |
| Other amounts receivable41 | - | €2k | €11k | €2k | ▼ 79.0% |
| Cash at bank and in hand54/58 | €218 | €2 | €30k | €6k | ▼ 80.3% |
| Deferred charges and accrued income490/1 | €2k | €2k | - | €1k | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €164k | €241k | €193k | €153k | ▼ 20.9% |
| Equity10/15 | €8k | €22k | €26k | €18k | ▼ 28.6% |
| Contributions10/11 | €5k | €5k | €5k | €5k | = |
| Reserves13 | €3k | €17k | €21k | €21k | = |
| Distributable reserves133 | €3k | €17k | €21k | €21k | = |
| Profit (loss) carried forward14 | - | - | - | €-7k | - |
| Amounts payable17/49 | €156k | €219k | €168k | €135k | ▼ 19.8% |
| Amounts payable after more than one year17 | €112k | €84k | €118k | €88k | ▼ 25.0% |
| Financial debts170/4 | €112k | €84k | €118k | €88k | ▼ 25.0% |
| Amounts payable within one year42/48 | €44k | €133k | €48k | €45k | ▼ 6.7% |
| Current portion of amounts payable after more than one year42 | €23k | €24k | €28k | €29k | ▲ 4.1% |
| Trade debts44 | €18k | €64k | €2k | €11k | ▲ 429% |
| Suppliers440/4 | €18k | €64k | €2k | €11k | ▲ 429% |
| Taxes, remuneration and social security45 | €819 | €2k | €1k | €80 | ▼ 93.3% |
| Taxes450/3 | €819 | €2k | €1k | €80 | ▼ 93.3% |
| Other amounts payable47/48 | €1k | €43k | €17k | €4k | ▼ 75.2% |
| Accrued charges and deferred income492/3 | €823 | €2k | €2k | €2k | ▼ 24.8% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €14k | €4k | €-7k | ▼ 307% |
| + Depreciation and write-downs630 | €9k | €24k | €11k | €30k | ▲ 180% |
| Operating cash flow (approximation) | €12k | €39k | €14k | €23k | ▲ 58.9% |
| Investment in fixed assets (approximation) | - | €-3k | €-48k | €-4k | ▲ 91.2% |
| Change in cash | - | €-217 | €30k | €-24k | ▼ 180% |
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
2026
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 188 days late
2025
14-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 226 days late
2024
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series.
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 91 days late
2022
31-12
Financial
Highest result since 2021net €14k ▲452%
Operating result €20k, net result €14k, both a record.
02-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 94 days late
Financial 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.
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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, Lede · 1 establishment unit since 2021
Ground area
708 m²
Building footprint
88 m²
Volume, LiDAR
512 m³
Parcel 41066A0547/00M000, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Trans-Wes
since 20212.318.791.136
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41066A0547/00M000 | Flanders | 708 m² | 1 · 88 m² | 9.5 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.
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Of 12,590 companies in sector 49410 we hold annual accounts for 8,199. 4,844 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
Founded11-06-2021
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
33170Repair, maintenance and installation of machinery and equipment
52100Warehousing and storage
52210Service activities incidental to land transportation
Scores and ratios are computed by Checked and are not a credit decision.