TRANSACTIEF
ActiveSummary
The computed 12-month bankruptcy probability of TRANSACTIEF is 1.5% (moderate). The 2025 annual accounts show equity of €76,701 and a net result of -€30,877. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 44% of 452 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability3▼-59
Solvency56▼-5
Growth52=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity tight (current ratio 1.36 against 1.59 in 2024; short-term debt: 24.4% and cash: 24.3% of total assets), and 68.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+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 79
Relative position
BE, all sectors
reference
Travel agency, tour operator and other reservation service and related activities (NACE 79)
about 121% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
31.3%
Return on assets
-12.6%
Age of the figures
9 mo
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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€30,877
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 30-07-2026, 1 day ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
1 d early
2024
10 d early
2023
30 d late
2022
8 d early
2021
26 d early
2020
11 d early
2019
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€76,701▼ 28.7%
2024 · €107,578
Total assets
€245,008▼ 17.7%
2024 · €297,542
Net result
-€30,877▼ 89.1%
2024 · -€16,332
Working capital
€21,654▼ 49.8%
2024 · €43,149
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 79, Travel agency, tour operator and other reservation service and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€17,931▼ 37.4%€41,753▲ 133%-€1,148-€14,074▼ 1,126%-€27,274▼ 93.8%
Net result€12,652within the sector's middle half▼ 37.6%€37,593above the sector's middle half▲ 197%-€6,446below the sector's middle half-€16,332below the sector's middle half▼ 153%-€30,877below the sector's middle half▼ 89.1%
Equity€92,764within the sector's middle half▲ 15.8%€130,357above the sector's middle half▲ 40.5%€123,911within the sector's middle half▼ 4.9%€107,578within the sector's middle half▼ 13.2%€76,701within the sector's middle half▼ 28.7%
Total assets€304,042within the sector's middle half▲ 90.5%€355,711within the sector's middle half▲ 17.0%€329,025within the sector's middle half▼ 7.5%€297,542within the sector's middle half▼ 9.6%€245,008within the sector's middle half▼ 17.7%
Debt€211,277▲ 166%€225,354▲ 6.7%€205,115▼ 9.0%€189,964▼ 7.4%€168,307▼ 11.4%
Working capital€43,888▼ 22.4%€50,433▲ 14.9%€42,602▼ 15.5%€43,149▲ 1.3%€21,654▼ 49.8%
Solvency30.5%within the sector's middle half▼ 19.7pp36.6%within the sector's middle half▲ 6.1pp37.7%within the sector's middle half▲ 1.0pp36.2%within the sector's middle half▼ 1.5pp31.3%within the sector's middle half▼ 4.9pp
above
within
below
the middle half (P25 to P75) of NACE 79, Travel agency, tour operator and other reservation service and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €27,274 in 2025 against €14,074 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €245,008
Fixed assets
€163,534 ▼ 9.8%
Current assets
€81,475 ▼ 29.9%
Equity and liabilities €245,008
Equity
€76,701 ▼ 28.7%
Debt
€168,307 ▼ 11.4%
Debt's share of the balance-sheet total rises from 63.8% to 68.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€7,740▼
2024 · €19,293
Cash flow
-€11,343▼
2024 · €17,035
Current ratio
1.36▼
2024 · 1.59
Debt to equity
2.19▲
2024 · 1.77
ROE
-40.3%▼
2024 · -15.2%
ROA
-12.6%▼
2024 · -5.5%
Interest coverage
-2.10▼
2024 · 7.91
Debt ≤ 1 year
€59,821▼
2024 · €73,129
Debt > 1 year
€106,965▼
2024 · €116,834
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,595 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.8%
went bankrupt
9.3%
stopped otherwise
87%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,595 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,584 | €33,299 | €33,464 | €33,367 | €19,534 | ▼ 41.5% |
| Other operating charges640/8 | €7,800 | €8,541 | €27,599 | €9,333 | €15,165 | ▲ 62.5% |
| Gross operating margin9900 | €53,315 | €83,593 | €59,915 | €28,626 | €7,425 | ▼ 74.1% |
| Operating profit (loss)9901 | €17,931 | €41,753 | -€1,148 | -€14,074 | -€27,274 | ▼ 93.8% |
| Financial income75/76B | €40 | €158 | €42 | €48 | €91 | ▲ 90.4% |
| Recurring financial income75 | €40 | €158 | €42 | €48 | €91 | ▲ 90.4% |
| Financial charges65/66B | €5,319 | €4,186 | €3,882 | €2,438 | €3,694 | ▲ 51.5% |
| Recurring financial charges65 | €5,319 | €4,186 | €3,882 | €2,438 | €3,694 | ▲ 51.5% |
| Profit (loss) for the period before taxes9903 | €12,652 | €37,725 | -€4,988 | -€16,464 | -€30,877 | ▼ 87.5% |
| Income taxes67/77 | - | €132 | €1,459 | -€132 | - | - |
| Profit (loss) for the period9904 | €12,652 | €37,593 | -€6,446 | -€16,332 | -€30,877 | ▼ 89.1% |
| Profit (loss) for the period to be appropriated9905 | €12,652 | €37,593 | -€6,446 | -€16,332 | -€30,877 | ▼ 89.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €304,042 | €355,711 | €329,025 | €297,542 | €245,008 | ▼ 17.7% |
| Fixed assets21/28 | €218,529 | €232,860 | €214,630 | €181,264 | €163,534 | ▼ 9.8% |
| Tangible fixed assets22/27 | €218,529 | €232,860 | €214,630 | €181,264 | €163,534 | ▼ 9.8% |
| Land and buildings22 | €169,245 | €162,441 | €155,638 | €148,834 | €142,031 | ▼ 4.6% |
| Plant, machinery and equipment23 | €630 | €1,777 | €940 | €102 | €1,100 | ▲ 977% |
| Furniture and vehicles24 | €48,654 | €36,323 | €19,224 | €3,734 | €2,045 | ▼ 45.2% |
| Other tangible fixed assets26 | - | €32,319 | €38,829 | €28,594 | €18,358 | ▼ 35.8% |
| Current assets29/58 | €85,513 | €122,851 | €114,395 | €116,278 | €81,475 | ▼ 29.9% |
| Amounts receivable within one year40/41 | €7,995 | €13,581 | €9,439 | €18,045 | €20,194 | ▲ 11.9% |
| Trade receivables40 | €6,033 | €4,414 | €51 | €3,152 | €1,782 | ▼ 43.5% |
| Other amounts receivable41 | €1,962 | €9,167 | €9,388 | €14,893 | €18,412 | ▲ 23.6% |
| Cash at bank and in hand54/58 | €23,991 | €15,868 | €21,616 | €51,642 | €59,470 | ▲ 15.2% |
| Deferred charges and accrued income490/1 | €53,527 | €93,402 | €83,340 | €46,592 | €1,811 | ▼ 96.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €304,042 | €355,711 | €329,025 | €297,542 | €245,008 | ▼ 17.7% |
| Equity10/15 | €92,764 | €130,357 | €123,911 | €107,578 | €76,701 | ▼ 28.7% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Distributable reserves133 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Profit (loss) carried forward14 | €17,764 | €55,357 | €48,911 | €32,578 | €1,701 | ▼ 94.8% |
| Amounts payable17/49 | €211,277 | €225,354 | €205,115 | €189,964 | €168,307 | ▼ 11.4% |
| Amounts payable after more than one year17 | €169,652 | €152,936 | €133,321 | €116,834 | €106,965 | ▼ 8.4% |
| Financial debts170/4 | €169,652 | €150,311 | €130,696 | €114,209 | €104,340 | ▼ 8.6% |
| Other amounts payable178/9 | - | €2,625 | €2,625 | €2,625 | €2,625 | = |
| Amounts payable within one year42/48 | €41,626 | €72,418 | €71,793 | €73,129 | €59,821 | ▼ 18.2% |
| Current portion of amounts payable after more than one year42 | €19,072 | €19,341 | €19,614 | €16,487 | €9,870 | ▼ 40.1% |
| Trade debts44 | €12,429 | €30,945 | €33,469 | €36,919 | €26,694 | ▼ 27.7% |
| Suppliers440/4 | €12,429 | €30,945 | €33,469 | €36,919 | €26,694 | ▼ 27.7% |
| Taxes, remuneration and social security45 | €1,027 | €132 | €428 | - | - | - |
| Taxes450/3 | €1,027 | €132 | €428 | - | - | - |
| Other amounts payable47/48 | €9,097 | €22,001 | €18,283 | €19,723 | €23,257 | ▲ 17.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,521 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,652 | €37,593 | -€6,446 | -€16,332 | -€30,877 | ▼ 89.1% |
| + Depreciation and write-downs630 | €27,584 | €33,299 | €33,464 | €33,367 | €19,534 | ▼ 41.5% |
| Operating cash flow (approximation) | €40,236 | €70,892 | €27,018 | €17,035 | -€11,343 | ▼ 167% |
| Investment in fixed assets (approximation) | - | -€47,631 | -€15,235 | €0 | -€1,804 | - |
| Change in cash | - | -€8,122 | €5,747 | €30,026 | €7,829 | ▼ 73.9% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€30,877
Net result drops to -€30,877, the lowest in the series.
21-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
23-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2019net €37,593 ▲197%
Net result €37,593, the highest in the series.
31-12
Financial
Equity above €100,000Eq €130,357 ▲40.5%
4 profitable years in a row build equity to €130,357.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Kapelle-op-den-Bos · 1 establishment unit since 2018
Ground area
1,036 m²
Building footprint
172 m²
Volume, LiDAR
865 m³
Parcel 23039A0410/00K000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TRANSACTIEF
since 20182.277.700.352
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23039A0410/00K000 | Flanders | 1,036 m² | 1 · 172 m² | 8.3 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
2022 · 1 entry · 4,560 EUR awarded · 4,560 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 4,560 EUR | 4,560 EUR |
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Of 531 companies in sector 79120 we hold annual accounts for 204. 152 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
Founded26-06-2018
Fiscal year end31-12
Activities, NACEBEL 2025
79120Travel agency, tour operator and other reservation service and related activities
Contact
E-mail
Info@transactief.beKapelle-op-den-Bos
Phone
0032487639907Kapelle-op-den-Bos
E-invoicing
Reachable via Peppol
Peppol ID
0208:0698833332
Also
9925:BE0698833332
Registered
14-01-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.