TRANSAX LOGISTICS
ActiveSummary
The computed 12-month bankruptcy probability of TRANSAX LOGISTICS is 2.8% (moderate). The 2024 annual accounts show negative equity (-€97,564) and a net result of -€14,282. Equity is shrinking by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 6720 sector peers (fiscal year 2024). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-100
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.1 against 0.21 in 2023; cash: 1.7% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-917.9%
Return on assets
-134.4%
Age of the figures
21 mo
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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€97,564
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-10-2025, 64 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
64 d late
2023
229 d late
2022
240 d late
2021
605 d late
2020
89 d late
2019
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 215 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€97,564▼ 17.1%
2023 · -€83,281
Total assets
€10,629▼ 53.0%
2023 · €22,605
Net result
-€14,282
2023 · €9,234
Working capital
-€97,564▼ 17.1%
2023 · -€83,281
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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
Line20202021202220232024
Operating result-€21,397▼ 817%€6,993€2,253▼ 67.8%€11,207▲ 397%-€12,511
Net result-€29,952below the sector's middle half▼ 584%€4,331within the sector's middle half€1,147within the sector's middle half▼ 73.5%€9,234within the sector's middle half▲ 705%-€14,282below the sector's middle half
Equity-€97,993below the sector's middle half▼ 44.0%-€93,662below the sector's middle half▲ 4.4%-€92,516below the sector's middle half▲ 1.2%-€83,281below the sector's middle half▲ 10.0%-€97,564below the sector's middle half▼ 17.1%
Total assets€129,716below the sector's middle half▲ 58.8%€66,243within the sector's middle half▼ 48.9%€66,826within the sector's middle half▲ 0.9%€22,605below the sector's middle half▼ 66.2%€10,629below the sector's middle half▼ 53.0%
Debt€227,709▲ 52.1%€159,906▼ 29.8%€159,341▼ 0.4%€105,887▼ 33.5%€108,193▲ 2.2%
Working capital-€98,493below the sector's middle half▼ 43.7%-€94,162below the sector's middle half▲ 4.4%-€93,016below the sector's middle half▲ 1.2%-€83,281below the sector's middle half▲ 10.5%-€97,564below the sector's middle half▼ 17.1%
Solvency-75.5%below the sector's middle half▲ 7.8pp-141.4%below the sector's middle half▼ 65.8pp-138.4%below the sector's middle half▲ 2.9pp-368.4%below the sector's middle half▼ 230.0pp-917.9%below the sector's middle half▼ 549.5pp
Current ratio0.57below the sector's middle half▲ 0.030.41below the sector's middle half▼ 0.160.42below the sector's middle half▲ 0.010.21below the sector's middle half▼ 0.200.10below the sector's middle half▼ 0.12
Return on assets (ROA)-23.1%below the sector's middle half▼ 17.7pp6.5%within the sector's middle half▲ 29.6pp1.7%within the sector's middle half▼ 4.8pp40.8%above the sector's middle half▲ 39.1pp-134.4%below the sector's middle half▼ 175.2pp
Staff (FTE)1below the sector's middle half=1=1=
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €12,511 after €11,207 in 2023.
Key figures and ratios
Debt to equity
-1.11▲
2023 · -1.27
Debt ≤ 1 year
€108,193▲
2023 · €105,887
Staff costs
-€144
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.8%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.8% 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 497,662 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% | 1.7% |
| 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 75% 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 6,639 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,727 | - | - | - |
| Remuneration, social security and pensions62 | - | €34,200 | €9,368 | - | -€144 | - |
| Other operating charges640/8 | - | €1,064 | €1,125 | €313 | €1,166 | ▲ 272% |
| Gross operating margin9900 | €16,891 | €42,257 | €12,746 | €11,520 | -€11,489 | ▼ 200% |
| Operating profit (loss)9901 | -€21,397 | €6,993 | €2,253 | €11,207 | -€12,511 | ▼ 212% |
| Financial income75/76B | - | €0 | - | - | - | - |
| Recurring financial income75 | €0 | €0 | - | - | - | - |
| Financial charges65/66B | - | €2,662 | €1,106 | €1,973 | €1,772 | ▼ 10.2% |
| Recurring financial charges65 | €8,556 | €2,662 | €1,106 | €1,973 | €1,772 | ▼ 10.2% |
| Profit (loss) for the period before taxes9903 | -€29,952 | €4,331 | €1,147 | €9,234 | -€14,282 | ▼ 255% |
| Profit (loss) for the period9904 | -€29,952 | €4,331 | €1,147 | €9,234 | -€14,282 | ▼ 255% |
| Profit (loss) for the period to be appropriated9905 | -€29,952 | €4,331 | €1,147 | €9,234 | -€14,282 | ▼ 255% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €129,716 | €66,243 | €66,826 | €22,605 | €10,629 | ▼ 53.0% |
| Fixed assets21/28 | €500 | €500 | €500 | - | - | - |
| Financial fixed assets28 | €500 | €500 | €500 | - | - | - |
| Current assets29/58 | €129,216 | €65,743 | €66,326 | €22,605 | €10,629 | ▼ 53.0% |
| Amounts receivable within one year40/41 | €118,466 | €65,743 | €66,326 | €22,451 | €10,451 | ▼ 53.5% |
| Trade receivables40 | - | €65,743 | €66,326 | €22,451 | €10,451 | ▼ 53.5% |
| Cash at bank and in hand54/58 | €10,334 | - | - | €155 | €179 | ▲ 15.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €129,716 | €66,243 | €66,826 | €22,605 | €10,629 | ▼ 53.0% |
| Equity10/15 | -€97,993 | -€93,662 | -€92,516 | -€83,281 | -€97,564 | ▼ 17.1% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | €18,600 | €18,600 | €18,600 | - | - |
| Other1109/19 | - | €18,600 | €18,600 | €18,600 | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€118,453 | -€114,122 | -€112,976 | -€103,741 | -€118,024 | ▼ 13.8% |
| Amounts payable17/49 | €227,709 | €159,906 | €159,341 | €105,887 | €108,193 | ▲ 2.2% |
| Amounts payable within one year42/48 | €227,709 | €159,906 | €159,341 | €105,887 | €108,193 | ▲ 2.2% |
| Financial debts43 | - | €8,290 | €11,472 | - | - | - |
| Credit institutions430/8 | - | €8,290 | €11,472 | - | - | - |
| Trade debts44 | €145,635 | €28,661 | €19,220 | €2,454 | €1,454 | ▼ 40.7% |
| Suppliers440/4 | - | €28,661 | €19,220 | €2,454 | €1,454 | ▼ 40.7% |
| Taxes, remuneration and social security45 | - | €28,251 | €15,643 | - | - | - |
| Taxes450/3 | - | €22,467 | €15,034 | - | - | - |
| Remuneration and social security454/9 | - | €5,783 | €609 | - | - | - |
| Other amounts payable47/48 | - | €94,704 | €113,007 | €103,432 | €106,738 | ▲ 3.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€29,952 | €4,331 | €1,147 | €9,234 | -€14,282 | ▼ 255% |
| Operating cash flow (approximation) | -€29,952 | €4,331 | €1,147 | €9,234 | -€14,282 | ▼ 255% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - |
| Change in cash | - | - | - | - | €24 | - |
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
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 64 days late
17-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 229 days late
2024
27-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 240 days late
27-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 605 days late
2023
31-12
Financial
Highest result since 2018net €9,234 ▲705%
Operating result €11,207, net result €9,234, both a record.
2021
31-12
Financial
Back to profitnet €4,331
Net result €4,331 after 3 loss-making years.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 89 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
28-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 181 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
13-03
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 225 days late
2017
13-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 166 days late
Financial 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, Antwerpen · 1 establishment unit since 2006
Ground area
3,436 m²
Building footprint
1,972 m²
Volume, LiDAR
23,607 m³
Parcel 11463D0280/00Z000, Flanders · tallest building 16.0 m, ±4 floors. Linked by address, not a title deed.
42
companies at this address
See who is registered here
1 establishment unit
Transax Logistics Jurgen Vanspauwen
since 20062.156.771.541
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11463D0280/00Z000 | Flanders | 3,436 m² | 1 · 1,972 m² | 16.0 m · 4 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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 12,584 companies in sector 49410 we hold annual accounts for 8,204. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded25-09-2006
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
Contact
Phone
0475/34.84.41Antwerpen
E-invoicing
Reachable via Peppol
Peppol ID
0208:0883763733
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.