TransAdvance
Open bankruptcySummary
A bankruptcy procedure is open for TransAdvance according to publications in the Belgian State Gazette. The 2024 annual accounts show equity of €29k and a net result of €394.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 7445 sector peers (2024).
NBB · sector comparisonPosition among 7445 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
34 d early
2022
17 d early
2021
2 d early
2020
137 d early
2019
65 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€29k▲ 1.4%
2023 · €29k
2018: €24klowest in 7 years
2019: €26k▲ +8.0% vs 2018
2020: €26k▲ +0.7% vs 2019
2021: €26k▼ -3.7% vs 2020
2022: €28k▲ +9.6% vs 2021
2023: €29k▲ +3.6% vs 2022
2024: €29k▲ +1.4% vs 2023highest in 7 years
2018 → 2024
Total assets
€414k▲ 179%
2023 · €149k
2018: €49k
2019: €72k▲ +47.5% vs 2018
2020: €39k▼ -45.1% vs 2019lowest in 7 years
2021: €107k▲ +171% vs 2020
2022: €118k▲ +10.5% vs 2021
2023: €149k▲ +25.8% vs 2022
2024: €414k▲ +179% vs 2023highest in 7 years
2018 → 2024
Net result
€394▼ 60.3%
2023 · €993
2018: €537
2019: €2k▲ +262% vs 2018
2020: €192▼ -90.1% vs 2019
2021: €-972▼ -606% vs 2020lowest in 7 years
2022: €2k▲ +352% vs 2021highest in 7 years
2023: €993▼ -59.4% vs 2022
2024: €394▼ -60.3% vs 2023
2018 → 2024
Working capital
€29k▲ 1.4%
2023 · €29k
2018: €24klowest in 7 years
2019: €26k▲ +8.0% vs 2018
2020: €26k▲ +0.7% vs 2019
2021: €26k▼ -3.7% vs 2020
2022: €28k▲ +9.6% vs 2021
2023: €29k▲ +3.6% vs 2022
2024: €29k▲ +1.4% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€26k-€26k▼ 3.7%€28k▲ 9.6%€29k▲ 3.6%€29k▲ 1.4%
2020: €26k
2021: €26k▼ -3.7% vs 2020lowest in 5 years
2022: €28k▲ +9.6% vs 2021
2023: €29k▲ +3.6% vs 2022
2024: €29k▲ +1.4% vs 2023highest in 5 years
Operating result€867-€-730€4k€2k▼ 52.3%€7k▲ 226%
2020: €867
2021: €-730▼ -184% vs 2020lowest in 5 years
2022: €4k▲ +690% vs 2021
2023: €2k▼ -52.3% vs 2022
2024: €7k▲ +226% vs 2023highest in 5 years
Net result€192-€-972€2k€993▼ 59.4%€394▼ 60.3%
2020: €192
2021: €-972▼ -606% vs 2020lowest in 5 years
2022: €2k▲ +352% vs 2021highest in 5 years
2023: €993▼ -59.4% vs 2022
2024: €394▼ -60.3% vs 2023
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 226% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €414k
Equity
€29k ▲ 1.4%
Debt
€385k ▲ 222%
Debt's share of the balance-sheet total rises from 80.5% to 92.9%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.08▼
2023 · 1.24
Debt to equity
13.12▲
2023 · 4.13
ROE
1.3%▼
2023 · 3.4%
ROA
0.1%▼
2023 · 0.7%
Debt ≤ 1 year
€385k▲
2023 · €120k
Income taxes
€448▼
2023 · €1k
Staff costs
€254k▲
2023 · €133k
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 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€149k€414k▲
Current assets29/58€149k€414k▲
Amounts receivable within one year40/41€146k€399k▲
Trade receivables40€146k€396k▲
Other amounts receivable41€0€3k▲
Cash at bank and in hand54/58€2k€5k▲
Deferred charges and accrued income490/1€0€10k▲
Equity and liabilities
Total equity and liabilities10/49€149k€414k▲
Equity10/15€29k€29k▲
Contributions10/11€10k€10k=
Reserves13€19k€19k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€19k€19k▲
Amounts payable17/49€120k€385k▲
Amounts payable within one year42/48€120k€385k▲
Trade debts44€10k€14k▲
Suppliers440/4€10k€14k▲
Advances received on contracts in progress46-€986
Taxes, remuneration and social security45€36k€3k▼
Taxes450/3€7k€858▼
Remuneration and social security454/9€28k€2k▼
Other amounts payable47/48€73k€368k▲
Income statement
Code20232024
Non-recurring operating income76A€826€0▼
Remuneration, social security and pensions62€133k€254k▲
Other operating charges640/8€667€528▼
Gross operating margin9900€136k€261k▲
Operating profit (loss)9901€2k€7k▲
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€35€6k▲
Recurring financial charges65€35€6k▲
Profit (loss) for the period before taxes9903€2k€842▼
Income taxes67/77€1k€448▼
Profit (loss) for the period9904€993€394▼
Profit (loss) for the period to be appropriated9905€993€394▼
Appropriation of the result
Profit (loss) to be appropriated9906€993€394▼
Transfer to equity691/2€993€394▼
To other reserves6921€993€394▼
Social balance
Average headcount (FTE)90872.64.6▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2k | €0 | €826 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €100k | €107k | €133k | €254k | ▲ 90.5% |
| Other operating charges640/8 | - | €959 | €872 | €667 | €528 | ▼ 20.8% |
| Gross operating margin9900 | €87k | €100k | €112k | €136k | €261k | ▲ 92.0% |
| Operating profit (loss)9901 | €867 | €-730 | €4k | €2k | €7k | ▲ 226% |
| Financial income75/76B | - | €31 | €0 | €0 | €1 | ▲ 5,750% |
| Recurring financial income75 | €38 | €31 | €0 | €0 | €1 | ▲ 5,750% |
| Financial charges65/66B | - | €0 | €67 | €35 | €6k | ▲ 16,699% |
| Recurring financial charges65 | €32 | €0 | €67 | €35 | €6k | ▲ 16,699% |
| Profit (loss) for the period before taxes9903 | €874 | €-699 | €4k | €2k | €842 | ▼ 58.3% |
| Income taxes67/77 | €681 | €273 | €2k | €1k | €448 | ▼ 56.4% |
| Profit (loss) for the period9904 | €192 | €-972 | €2k | €993 | €394 | ▼ 60.3% |
| Profit (loss) for the period to be appropriated9905 | €192 | €-972 | €2k | €993 | €394 | ▼ 60.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €39k | €107k | €118k | €149k | €414k | ▲ 179% |
| Current assets29/58 | €39k | €107k | €118k | €149k | €414k | ▲ 179% |
| Amounts receivable within one year40/41 | €37k | €104k | €114k | €146k | €399k | ▲ 172% |
| Trade receivables40 | - | €100k | €114k | €146k | €396k | ▲ 170% |
| Other amounts receivable41 | - | €4k | €418 | €0 | €3k | - |
| Cash at bank and in hand54/58 | €2k | €3k | €4k | €2k | €5k | ▲ 150% |
| Deferred charges and accrued income490/1 | - | €294 | €306 | €0 | €10k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €39k | €107k | €118k | €149k | €414k | ▲ 179% |
| Equity10/15 | €26k | €26k | €28k | €29k | €29k | ▲ 1.4% |
| Contributions10/11 | - | €10k | €10k | €10k | €10k | = |
| Reserves13 | €16k | €16k | €18k | €19k | €19k | ▲ 2.1% |
| Non-distributable reserves130/1 | - | €1k | €1k | €0 | - | - |
| Reserves not available under the articles1311 | - | €1k | €1k | €0 | - | - |
| Distributable reserves133 | - | €14k | €17k | €19k | €19k | ▲ 2.1% |
| Amounts payable17/49 | €13k | €81k | €90k | €120k | €385k | ▲ 222% |
| Amounts payable within one year42/48 | €13k | €81k | €90k | €120k | €385k | ▲ 222% |
| Trade debts44 | €823 | €2k | €2k | €10k | €14k | ▲ 29.5% |
| Suppliers440/4 | - | €2k | €2k | €10k | €14k | ▲ 29.5% |
| Advances received on contracts in progress46 | - | - | - | - | €986 | - |
| Taxes, remuneration and social security45 | - | €7k | €7k | €36k | €3k | ▼ 92.9% |
| Taxes450/3 | - | €4k | €5k | €7k | €858 | ▼ 88.3% |
| Remuneration and social security454/9 | - | €4k | €2k | €28k | €2k | ▼ 94.1% |
| Other amounts payable47/48 | - | €72k | €81k | €73k | €368k | ▲ 401% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €192 | €-972 | €2k | €993 | €394 | ▼ 60.3% |
| Operating cash flow (approximation) | €192 | €-972 | €2k | €993 | €394 | ▼ 60.3% |
| Change in cash | - | €978 | €727 | €-1k | €3k | ▲ 314% |
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
2025
03-10
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 29-09-2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-972
Net result drops to €-972, the lowest in the series.
16-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
08-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalFinancial 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, Hamme (Vl.) · 1 establishment unit since 2010
Ground area
1,919 m²
Building footprint
209 m²
Volume, LiDAR
1,280 m³
Parcel 42452D1063/00T000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TransAdvance
since 20102.186.331.005
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42452D1063/00T000 | Flanders | 1,919 m² | 1 · 209 m² | 9.1 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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | KRIS GOEMAN LEOPOLDLAAN 15, 9200 DENDER-
MONDE |
29-09-2025 → present |
| Curator | JUUL CREYTENS LEOPOLD-
LAAN 15, 9200 DENDERMONDE- .
76497
MONITEUR BELGE — 03.10.2025 — BELGISCH STAATSBLAD |
29-09-2025 → present |
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 478 EUR awarded · 478 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 156 EUR | 156 EUR |
| 2023 | 1 | 322 EUR | 322 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 4,271 companies in sector 43230 we hold annual accounts for 1,240. 949 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
Founded11-03-2010
Fiscal year end31-12
Activities, NACEBEL 2025
43230Insulation installation
43350Other building finishing work
43910Bricklaying and masonry work
Scores and ratios are computed by Checked and are not a credit decision.