TRANSCAVO
ActiveSummary
TRANSCAVO has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €52,157 and a net result of -€10,417. Equity is growing by ~12.7% per year across the filed fiscal years. Its solvency ranks better than 65% of 6719 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability6▼-94
Solvency78▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 2.02 against 2.45 in 2023; short-term debt: 47.2% and cash: 37.6% of total assets), and 47.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 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 · 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
52.8%
Return on assets
-10.5%
Age of the figures
21 mo
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 25-06-2026, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 d early
2024
36 d early
2023
34 d early
2022
4 d early
2021
29 d late
2020
31 d early
2019
38 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 21 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% 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. Usually files around 28 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
In the rankings
#6 oldest company in Maasmechelen, Transport and storage sector
Equity
€52,157▼ 16.6%
2023 · €62,574
Total assets
€98,766▼ 7.7%
2023 · €107,022
Net result
-€10,417
2023 · €31,135
Working capital
€47,342▼ 20.3%
2023 · €59,398
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€6,412-€10,333€63,954€39,728▼ 37.9%-€9,398
Net result€3,981within the sector's middle half-€13,114below the sector's middle half€61,918above the sector's middle half€31,135above the sector's middle half▼ 49.7%-€10,417below the sector's middle half
Equity€26,282within the sector's middle half▲ 17.9%-€8,072below the sector's middle half€31,439within the sector's middle half€62,574within the sector's middle half▲ 99.0%€52,157within the sector's middle half▼ 16.6%
Total assets€115,550within the sector's middle half▼ 16.9%€74,587within the sector's middle half▼ 35.5%€112,268within the sector's middle half▲ 50.5%€107,022within the sector's middle half▼ 4.7%€98,766within the sector's middle half▼ 7.7%
Debt€89,267▼ 23.5%€82,658▼ 7.4%€80,829▼ 2.2%€44,449▼ 45.0%€46,609▲ 4.9%
Working capital€46,312within the sector's middle half▲ 54.8%€50,648within the sector's middle half▲ 9.4%€50,872within the sector's middle half▲ 0.4%€59,398above the sector's middle half▲ 16.8%€47,342within the sector's middle half▼ 20.3%
Solvency22.7%within the sector's middle half▲ 6.7pp-10.8%below the sector's middle half▼ 33.6pp28.0%within the sector's middle half▲ 38.8pp58.5%within the sector's middle half▲ 30.5pp52.8%within the sector's middle half▼ 5.7pp
Current ratio2.25within the sector's middle half▲ 0.603.41above the sector's middle half▲ 1.161.89within the sector's middle half▼ 1.532.45within the sector's middle half▲ 0.562.02within the sector's middle half▼ 0.43
Return on assets (ROA)3.4%within the sector's middle half▲ 16.0pp-17.6%below the sector's middle half▼ 21.0pp55.2%above the sector's middle half▲ 72.7pp29.1%above the sector's middle half▼ 26.1pp-10.5%below the sector's middle half▼ 39.6pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €9,398 after €39,728 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €98,766
Fixed assets
€4,815 ▼ 26.4%
Current assets
€93,950 ▼ 6.5%
Equity and liabilities €98,766
Equity
€52,157 ▼ 16.6%
Debt
€46,609 ▲ 4.9%
Debt's share of the balance-sheet total rises from 41.5% to 47.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€7,668▼
2023 · €41,571
Cash flow
-€8,687▼
2023 · €32,978
Debt to equity
0.89▲
2023 · 0.71
ROE
-20.0%▼
2023 · 49.8%
Interest coverage
-7.98▼
2023 · 23.28
Debt ≤ 1 year
€46,609▲
2023 · €41,078
Debt > 1 year
€0▼
2023 · €3,370
Income taxes
€58▼
2023 · €6,807
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 5,834 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,128 | €31,673 | €1,819 | €1,843 | €1,730 | ▼ 6.1% |
| Other operating charges640/8 | - | €5,020 | €724 | €1,046 | €1,478 | ▲ 41.3% |
| Gross operating margin9900 | €40,157 | €26,360 | €66,497 | €42,617 | -€6,190 | ▼ 115% |
| Operating profit (loss)9901 | €6,412 | -€10,333 | €63,954 | €39,728 | -€9,398 | ▼ 124% |
| Financial income75/76B | - | €579 | €573 | - | - | - |
| Recurring financial income75 | €1,284 | €579 | €573 | - | - | - |
| Financial charges65/66B | - | €2,936 | €2,469 | €1,786 | €961 | ▼ 46.2% |
| Recurring financial charges65 | €3,565 | €2,936 | €2,469 | €1,786 | €961 | ▼ 46.2% |
| Profit (loss) for the period before taxes9903 | €4,132 | -€12,690 | €62,058 | €37,942 | -€10,359 | ▼ 127% |
| Income taxes67/77 | €151 | €424 | €141 | €6,807 | €58 | ▼ 99.2% |
| Profit (loss) for the period9904 | €3,981 | -€13,114 | €61,918 | €31,135 | -€10,417 | ▼ 133% |
| Transfer from tax-exempt reserves789 | - | €2,504 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €3,981 | -€10,610 | €61,918 | €31,135 | -€10,417 | ▼ 133% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €115,550 | €74,587 | €112,268 | €107,022 | €98,766 | ▼ 7.7% |
| Fixed assets21/28 | €32,232 | €2,948 | €4,036 | €6,545 | €4,815 | ▼ 26.4% |
| Tangible fixed assets22/27 | €32,232 | €2,948 | €4,036 | €6,545 | €4,815 | ▼ 26.4% |
| Furniture and vehicles24 | - | €2,948 | €4,036 | €6,545 | €4,815 | ▼ 26.4% |
| Current assets29/58 | €83,318 | €71,639 | €108,231 | €100,477 | €93,950 | ▼ 6.5% |
| Amounts receivable within one year40/41 | €61,445 | €53,621 | €64,722 | €13,671 | €56,574 | ▲ 314% |
| Trade receivables40 | - | €37,927 | €43,193 | €7,497 | €35,029 | ▲ 367% |
| Other amounts receivable41 | - | €15,694 | €21,529 | €6,174 | €21,546 | ▲ 249% |
| Cash at bank and in hand54/58 | €21,692 | €18,018 | €43,241 | €86,388 | €37,116 | ▼ 57.0% |
| Deferred charges and accrued income490/1 | - | - | €268 | €417 | €260 | ▼ 37.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €115,550 | €74,587 | €112,268 | €107,022 | €98,766 | ▼ 7.7% |
| Equity10/15 | €26,282 | -€8,072 | €31,439 | €62,574 | €52,157 | ▼ 16.6% |
| Contributions10/11 | - | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Reserves13 | €107,948 | €42,717 | €20,310 | €43,574 | €43,574 | = |
| Non-distributable reserves130/1 | - | €1,900 | €1,900 | - | - | - |
| Reserves not available under the articles1311 | - | €1,900 | €1,900 | - | - | - |
| Distributable reserves133 | - | €40,817 | €18,410 | €43,574 | €43,574 | = |
| Profit (loss) carried forward14 | -€100,666 | -€69,789 | -€7,872 | - | -€10,417 | - |
| Amounts payable17/49 | €89,267 | €82,658 | €80,829 | €44,449 | €46,609 | ▲ 4.9% |
| Amounts payable after more than one year17 | €52,261 | €61,667 | €23,296 | €3,370 | €0 | ▼ 100% |
| Financial debts170/4 | - | €61,667 | €23,296 | €3,370 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €37,006 | €20,991 | €57,359 | €41,078 | €46,609 | ▲ 13.5% |
| Current portion of amounts payable after more than one year42 | - | - | €19,429 | €19,925 | €3,370 | ▼ 83.1% |
| Trade debts44 | €9,131 | €20,567 | €14,959 | €8,063 | €26,101 | ▲ 224% |
| Suppliers440/4 | - | €20,567 | €14,959 | €8,063 | €26,101 | ▲ 224% |
| Taxes, remuneration and social security45 | - | €424 | €1,685 | €7,118 | €128 | ▼ 98.2% |
| Taxes450/3 | - | €424 | €1,685 | €7,118 | €128 | ▼ 98.2% |
| Other amounts payable47/48 | - | - | €21,287 | €5,972 | €17,010 | ▲ 185% |
| Accrued charges and deferred income492/3 | - | - | €174 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,981 | -€13,114 | €61,918 | €31,135 | -€10,417 | ▼ 133% |
| + Depreciation and write-downs630 | €31,128 | €31,673 | €1,819 | €1,843 | €1,730 | ▼ 6.1% |
| Operating cash flow (approximation) | €35,109 | €18,559 | €63,736 | €32,978 | -€8,687 | ▼ 126% |
| Investment in fixed assets (approximation) | - | -€2,389 | -€2,907 | -€4,352 | €0 | ▲ 100% |
| Change in cash | - | -€3,675 | €25,223 | €43,147 | -€49,272 | ▼ 214% |
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
25-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €61,918
Net result €61,918 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €3,981
Net result €3,981 after 2 loss-making years.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Maasmechelen · 1 establishment unit since 1997
Ground area
4,769 m²
Building footprint
1,333 m²
Volume, LiDAR
10,331 m³
Parcel 73013D0688/00A000, Flanders · tallest building 18.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
TRANSCAVO
since 19972.080.114.520
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73013D0688/00A000 | Flanders | 4,769 m² | 1 · 1,333 m² | 18.2 m · 3 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 to 2023 · 2 entries · 209 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 154 EUR | 0 EUR |
| 2022 | 1 | 55 EUR | 0 EUR |
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Of 12,582 companies in sector 49410 we hold annual accounts for 8,203. 6,021 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
Founded16-12-1996
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0459427533
Also
9925:BE0459427533
Registered
02-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.