Equity
-€26,640
Debts exceed assets in financial year 2025.
TRANSACT
Lifetime
6 annual accounts with figures on one time axispeak €569,274 (2021)
-€87,904▼ €56,058
lowest -€220,216 (2025)
-€220,216▼ €58,635
peak €355,156 (2023)
-€26,640▼ €220,216
€149,441▲ 67.2%
peak 2 FTE (2021)
0 FTE▼ 100%
Board3 names since 2020
2 directorsEMANSO and 1 other
Owners
Documentsfilings and deeds
24-07-20267 days before the deadline
2025abbreviated format
Gross margin from -€31,846 to -€87,904Loss of €220,216Staff from 1 FTE to 0 FTEEquity from €193,576 to -€26,640Debts from €89,395 to €149,441Cash from €238,919 to €108,928
Key points
from the 2025 annual accountsLosses
-€381,796 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Debts
€149,441 122% of the balance sheet
Suppliers 100%Taxes and wages 0%
Liquidity
0.82 was 3.14 in 2024
Short-term debts rose from €89,395 to €149,441.
At the same address
180 companies
Position in the sector
-€220,216
Lower net result than 94% of companies in real estate. Sector median €9,976 · 11,288 companies.
Turnover not published (abbreviated format)
Checked score
53
Fair
Financially stronger than 17% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,627 companies (NACE 68, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025lowest value
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.5%▲ +0.4 percentage points vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.6%▲ +0.1 percentage points vs 09-2026highest value
11-2026: 0.6%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€26,640
Loss of €220,216, the second in a row (financial year 2025)
lowers risk
Size: total assets €122,801
Liquidity: current ratio 0.82, cash €108,928, halved
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 10% of them on solvency, 49% on liquidity, 4% on profitability and 5% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,008 companies had the same profile as TRANSACT has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of TRANSACT itself is lower: 0.6% within 12 months. It rests on far more data about TRANSACT than the profile alone.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,008 companies, not a prediction for TRANSACT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.82 (3.14 in 2024), below 1. Short-term debt is 121.7% and cash 88.7% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€26,640
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 24-07-2026, 7 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
7 days early
2024
22 days early
2023
30 days early
2022
33 days early
2021
33 days early
2020
69 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 9 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 2 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
New director
SMOUTHUYS, BV appointed, Cerescon, BV resigned · Permanent representatives: Guillaume Vandermaes and Geert Claus · General meeting of 22-12-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0749558788
Incorporation
Demerger: FREESTONE splits off to TRANSACT · Appointments: CERESCON (managing director) and EMANSO (managing director) · Permanent representatives: CLAUS Geert Odile Celest and HUYGEN Anthony Alex Jan · published on 09-07-2020 · Gazette deed
First establishment
Ottergemsesteenweg-Zuid 808, Ghent
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TRANSACT Ghent | €122,801 | -€87,904 | -21.7% | 0 |
| HERIS Kortrijk | €99,139 | -€3,349 | 58.9% | 0 |
| MONDRIAAN-KASTERLEE Kasterlee | €125,049 | -€4,922 | 65.7% | 0 |
| POINT OF VIEW Lasne | €169,685 | -€7,613 | -0.6% | 0 |
| YOUR-SPACE Knokke-Heist | €282,921 | -€21,323 | -104.6% | 0.1 |
| Urbain Vastgoed Antwerp | €70,791 | -€1,914 | 49.2% | 0 |
| Gillion Crowet Estate Alliance Immo Ixelles | €353,662 | -€123,102 | 39.4% | 0.4 |
These companies have the same main activity as TRANSACT: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €70,800 and €354,000, founded between 2017 and 2023.
Official details
Source: KBO- Status
- Active since 30-06-2020Normal situation
- Registered office
- 182 active companies are registered at this address14 started in the 12 months before. Source: KBO register, as of 11 November 2026.
- Activity
- Real estate agency activitiesNACE 68310
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.304.267.4649000 Ghent, since 30-06-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 04-12-2024
Annual accounts 2025
- €122,801▼ 56.6%
- Filing
- Filed on 24-07-2026, 7 days before the end of the filing period
Insights on TRANSACT
TRANSACT files the abbreviated format. That format states no turnover. The gross margin fell from €383,740 in 2020 to -€87,904 in 2025.
In April 2026, the Official Gazette published the appointment of SMOUTHUYS as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TRANSACT
- What is the company number of TRANSACT?
- The company number of TRANSACT is 0749.558.788. The VAT number is the same number with BE in front: BE 0749.558.788.
- Where is TRANSACT based?
- The registered office is at Ottergemsesteenweg-Zuid 808, 9000 Ghent.Company details
- What does TRANSACT do?
- According to the KBO register, the main activity is real estate agency activities (NACE 68310).
- What is the legal form of TRANSACT?
- TRANSACT is a private limited company (BV).
- When was TRANSACT founded?
- TRANSACT was founded on 30-06-2020.
- Is TRANSACT still active?
- Yes, TRANSACT is an active enterprise in the KBO register.
- How many employees does TRANSACT have?
- TRANSACT had an average of 1 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does TRANSACT fall under?
- In its 2025 annual accounts, TRANSACT states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of TRANSACT?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.
- Is TRANSACT profitable?
- In financial year 2025, TRANSACT made a loss of €220,216.
- Where can I find the annual accounts of TRANSACT?
- TRANSACT filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TRANSACT due?
- TRANSACT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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