TRANSAPP
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-07-2026 at the NBB all 7 filings
Equity
€1,899▼ 35.1%
2024 · €2,925
Total assets
€2,783▼ 17.5%
2024 · €3,373
Net result
-€1,026▲ 40.4%
2024 · -€1,722
Working capital
€1,899▼ 35.1%
2024 · €2,925
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€956
▲ 42.2%
2025
20192025
Net result
-€1,026
▲ 40.4%
2025
lowest quarter of the sector
20192025
Equity
€1,899
▼ 35.1%
2025
lowest quarter of the sector
20192025
Total assets
€2,783
▼ 17.5%
2025
lowest quarter of the sector
20192025
Debt
€884
▲ 97.3%
2025
20192025
Working capital
€1,899
▼ 35.1%
2025
middle half of the sector
20192025
Solvency
no figure
2025
20192025
Current ratio
no figure
2025
20192025
Return on assets (ROA)
no figure
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€138,052--€13,958▲ 89.9%-€3,925▲ 71.9%€436€145,142▲ 333×-€1,656-€956▲ 42.2%
Net result-€141,299--€15,379below the sector's middle half▲ 89.1%-€4,005below the sector's middle half▲ 74.0%€249within the sector's middle half€145,079above the sector's middle half▲ 582×-€1,722below the sector's middle half-€1,026below the sector's middle half▲ 40.4%
Equity-€121,299--€136,677below the sector's middle half▼ 12.7%-€140,682below the sector's middle half▼ 2.9%-€140,433below the sector's middle half▲ 0.2%€4,647below the sector's middle half€2,925below the sector's middle half▼ 37.1%€1,899below the sector's middle half▼ 35.1%
Total assets€13,024-€9,438below the sector's middle half▼ 27.5%€6,213below the sector's middle half▼ 34.2%€6,644below the sector's middle half▲ 6.9%€5,031below the sector's middle half▼ 24.3%€3,373below the sector's middle half▼ 33.0%€2,783below the sector's middle half▼ 17.5%
Debt€134,323-€146,116▲ 8.8%€146,895▲ 0.5%€147,076▲ 0.1%€384▼ 99.7%€448▲ 16.6%€884▲ 97.3%
Working capital-€121,299--€136,677below the sector's middle half▼ 12.7%-€140,682below the sector's middle half▼ 2.9%-€140,433below the sector's middle half▲ 0.2%€4,647within the sector's middle half€2,925within the sector's middle half▼ 37.1%€1,899within the sector's middle half▼ 35.1%
Solvency-931.3%-92.4%above the sector's middle half
Current ratio0.10-0.06below the sector's middle half▼ 0.030.04below the sector's middle half▼ 0.020.05below the sector's middle half=13.09above the sector's middle half▲ 13.04
Return on assets (ROA)-162.9%below the sector's middle half-64.5%below the sector's middle half▲ 98.5pp3.8%within the sector's middle half▲ 68.2pp
above
within
below
The sector band is the middle half of the companies in Computing infrastructure, data processing, hosting and other information service activities (NACE 63). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €956, smaller than the loss of €1,656 in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €2,783
Equity
€1,899 ▼ 35.1%
Debt
€884 ▲ 97.3%
Debt's share of the balance-sheet total rises from 13.3% to 31.8%. Equity is lower and debt is higher.
Key figures and ratios
Debt ≤ 1 year
€884▲
2024 · €448
The ratios are withheld because a balance sheet total of €2,783 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €145,921 | - | - | - |
| Other operating charges640/8 | - | - | €668 | €669 | €716 | €728 | €891 | ▲ 22.3% |
| Gross operating margin9900 | -€137,655 | -€13,758 | -€3,258 | €1,105 | €145,858 | -€928 | -€66 | ▲ 92.9% |
| Operating profit (loss)9901 | -€138,052 | -€13,958 | -€3,925 | €436 | €145,142 | -€1,656 | -€956 | ▲ 42.2% |
| Financial income75/76B | - | - | - | €100 | - | - | - | - |
| Recurring financial income75 | €115 | - | - | €100 | - | - | - | - |
| Financial charges65/66B | - | - | €79 | €287 | €62 | €66 | €70 | ▲ 6.1% |
| Recurring financial charges65 | €3,361 | €1,421 | €79 | €287 | €62 | €66 | €70 | ▲ 6.1% |
| Profit (loss) for the period before taxes9903 | -€141,299 | -€15,379 | -€4,005 | €249 | €145,079 | -€1,722 | -€1,026 | ▲ 40.4% |
| Profit (loss) for the period9904 | -€141,299 | -€15,379 | -€4,005 | €249 | €145,079 | -€1,722 | -€1,026 | ▲ 40.4% |
| Profit (loss) for the period to be appropriated9905 | -€141,299 | -€15,379 | -€4,005 | €249 | €145,079 | -€1,722 | -€1,026 | ▲ 40.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €13,024 | €9,438 | €6,213 | €6,644 | €5,031 | €3,373 | €2,783 | ▼ 17.5% |
| Current assets29/58 | €13,024 | €9,438 | €6,213 | €6,644 | €5,031 | €3,373 | €2,783 | ▼ 17.5% |
| Amounts receivable within one year40/41 | €2,317 | €239 | €1,847 | €288 | €823 | €247 | - | - |
| Trade receivables40 | - | - | €1,461 | - | - | - | - | - |
| Other amounts receivable41 | - | - | €386 | €288 | €823 | €247 | - | - |
| Cash at bank and in hand54/58 | €10,486 | €9,199 | €4,366 | €6,356 | €4,208 | €3,127 | €2,783 | ▼ 11.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €13,024 | €9,438 | €6,213 | €6,644 | €5,031 | €3,373 | €2,783 | ▼ 17.5% |
| Equity10/15 | -€121,299 | -€136,677 | -€140,682 | -€140,433 | €4,647 | €2,925 | €1,899 | ▼ 35.1% |
| Contributions10/11 | €20,000 | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€141,299 | -€156,677 | -€160,682 | -€160,433 | -€15,353 | -€17,075 | -€18,101 | ▼ 6.0% |
| Amounts payable17/49 | €134,323 | €146,116 | €146,895 | €147,076 | €384 | €448 | €884 | ▲ 97.3% |
| Amounts payable within one year42/48 | €134,323 | €146,116 | €146,895 | €147,076 | €384 | €448 | €884 | ▲ 97.3% |
| Trade debts44 | €2,402 | €694 | €974 | €1,155 | €384 | €384 | €500 | ▲ 30.0% |
| Suppliers440/4 | - | - | €974 | €1,155 | €384 | €384 | €500 | ▲ 30.0% |
| Other amounts payable47/48 | - | - | €145,921 | €145,921 | - | €64 | €384 | ▲ 503% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€141,299 | -€15,379 | -€4,005 | €249 | €145,079 | -€1,722 | -€1,026 | ▲ 40.4% |
| Operating cash flow (approximation) | -€141,299 | -€15,379 | -€4,005 | €249 | €145,079 | -€1,722 | -€1,026 | ▲ 40.4% |
| Change in cash | - | -€1,287 | -€4,833 | €1,990 | -€2,147 | -€1,082 | -€344 | ▲ 68.2% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,591 companies had the same profile as TRANSAPP has now. Two years later, 87.4% were still going and 3.0% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
87.4%
was still going
9.4%
stopped otherwise
3.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of TRANSAPP itself is lower: 0.1% within 12 months. It rests on far more data about TRANSAPP than the profile alone.
Test of the method
The method was tested on the 497,446 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 3,591 companies, not a prediction for TRANSAPP. 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.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00358454 | |
| 31-12-2024 | micro format | 29-07-2025 | 2025-00335513 | |
| 31-12-2023 | micro format | 28-08-2024 | 2024-00398674 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00395802 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20401235 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-62400316 | |
| 31-12-2019 | abbreviated format | 07-10-2020 | 2020-61400042 |