Transco
ActiveSummary
Transco has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €760k and a net result of €34k. Equity is growing by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 65% of 1865 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-9
Solvency77▲+3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 1.94 against 1.85 in 2024; short-term debt: 31.6% and cash: 19% of total assets), and 47.7% of the assets are financed with debt.
Credit check for your own amount and term
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
52.3%
Return on assets
2.3%
Age of the figures
9 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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
7 d early
2023
5 d early
2022
18 d early
2021
23 d early
2020
16 d early
2019
36 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€760k▲ 4.6%
2024 · €726k
Total assets
€1.45M▼ 1.9%
2024 · €1.48M
Net result
€34k▼ 77.2%
2024 · €148k
Working capital
€429k▲ 12.5%
2024 · €381k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€127k▲ 111%€71k▼ 44.5%€54k▼ 23.3%€187k▲ 245%€66k▼ 64.9%
Net result€87k▲ 195%€21k▼ 76.5%€36k▲ 74.6%€148k▲ 311%€34k▼ 77.2%
Equity€522k▲ 20.1%€542k▲ 3.9%€578k▲ 6.6%€726k▲ 25.5%€760k▲ 4.6%
Total assets€913k▲ 11.3%€1.10M▲ 20.8%€1.13M▲ 2.4%€1.48M▲ 31.2%€1.45M▼ 1.9%
Debt€391k▲ 1.4%€560k▲ 43.4%€551k▼ 1.7%€755k▲ 37.1%€693k▼ 8.2%
Working capital€429k▲ 25.0%€310k▼ 27.7%€301k▼ 3.0%€381k▲ 26.6%€429k▲ 12.5%
Staff (FTE)8.4▲ 29.2%8.8▲ 4.8%10.3▲ 17.0%11▲ 6.8%11.9▲ 8.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 65% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.45M
Fixed assets
€566k ▼ 13.2%
Current assets
€887k ▲ 7.0%
Equity and liabilities €1.45M
Equity
€760k ▲ 4.6%
Debt
€693k ▼ 8.2%
Debt's share of the balance-sheet total falls from 51.0% to 47.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€279k▼
2024 · €337k
Cash flow
€247k▼
2024 · €298k
Current ratio
1.94▲
2024 · 1.85
Debt to equity
0.91▼
2024 · 1.04
ROE
4.4%▼
2024 · 20.3%
ROA
2.3%▼
2024 · 10.0%
Interest coverage
14.07▼
2024 · 28.31
Debt ≤ 1 year
€458k▲
2024 · €448k
Debt > 1 year
€235k▼
2024 · €307k
Income taxes
€12k▼
2024 · €27k
Staff costs
€773k▲
2024 · €647k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €29k | €43k | €3k | ▼ 92.6% |
| Remuneration, social security and pensions62 | €398k | €453k | €550k | €647k | €773k | ▲ 19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €166k | €138k | €161k | €150k | €213k | ▲ 42.0% |
| Other operating charges640/8 | €12k | €8k | €11k | €10k | €10k | ▲ 2.7% |
| Gross operating margin9900 | €704k | €669k | €777k | €994k | €1.06M | ▲ 6.8% |
| Operating profit (loss)9901 | €127k | €71k | €54k | €187k | €66k | ▼ 64.9% |
| Financial income75/76B | €0 | - | - | €117 | €241 | ▲ 107% |
| Recurring financial income75 | €0 | - | - | €117 | €241 | ▲ 107% |
| Financial charges65/66B | €5k | €6k | €13k | €12k | €20k | ▲ 66.6% |
| Recurring financial charges65 | €5k | €6k | €13k | €12k | €20k | ▲ 66.6% |
| Profit (loss) for the period before taxes9903 | €122k | €65k | €41k | €175k | €46k | ▼ 73.7% |
| Income taxes67/77 | €35k | €44k | €5k | €27k | €12k | ▼ 54.5% |
| Profit (loss) for the period9904 | €87k | €21k | €36k | €148k | €34k | ▼ 77.2% |
| Transfer to tax-exempt reserves689 | - | - | - | €43k | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €87k | €21k | €36k | €105k | €34k | ▼ 67.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €913k | €1.10M | €1.13M | €1.48M | €1.45M | ▼ 1.9% |
| Fixed assets21/28 | €244k | €473k | €465k | €652k | €566k | ▼ 13.2% |
| Tangible fixed assets22/27 | €243k | €472k | €464k | €651k | €565k | ▼ 13.2% |
| Furniture and vehicles24 | €243k | €472k | €464k | €651k | €439k | ▼ 32.6% |
| Leasing and similar rights25 | - | - | - | - | €126k | - |
| Financial fixed assets28 | €1k | €1k | €1k | €1k | €1k | ▼ 15.7% |
| Current assets29/58 | €669k | €629k | €664k | €829k | €887k | ▲ 7.0% |
| Amounts receivable within one year40/41 | €264k | €381k | €440k | €699k | €561k | ▼ 19.7% |
| Trade receivables40 | €261k | €365k | €382k | €686k | €534k | ▼ 22.2% |
| Other amounts receivable41 | €3k | €16k | €58k | €13k | €28k | ▲ 117% |
| Current investments50/53 | - | €2k | €2k | €2k | €2k | = |
| Cash at bank and in hand54/58 | €404k | €247k | €222k | €125k | €276k | ▲ 121% |
| Deferred charges and accrued income490/1 | - | - | - | €4k | €48k | ▲ 1,242% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €913k | €1.10M | €1.13M | €1.48M | €1.45M | ▼ 1.9% |
| Equity10/15 | €522k | €542k | €578k | €726k | €760k | ▲ 4.6% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Reserves13 | €502k | €522k | €558k | €706k | €740k | ▲ 4.8% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €0 | - | - |
| Tax-exempt reserves132 | €63k | €63k | €63k | €106k | €106k | = |
| Distributable reserves133 | €437k | €457k | €493k | €600k | €634k | ▲ 5.6% |
| Amounts payable17/49 | €391k | €560k | €551k | €755k | €693k | ▼ 8.2% |
| Amounts payable after more than one year17 | €151k | €241k | €186k | €307k | €235k | ▼ 23.6% |
| Financial debts170/4 | €151k | €241k | €186k | €307k | €235k | ▼ 23.6% |
| Amounts payable within one year42/48 | €239k | €319k | €363k | €448k | €458k | ▲ 2.4% |
| Current portion of amounts payable after more than one year42 | €149k | €101k | €109k | €199k | €212k | ▲ 6.8% |
| Trade debts44 | €61k | €176k | €198k | €184k | €178k | ▼ 3.4% |
| Suppliers440/4 | €61k | €176k | €198k | €184k | €178k | ▼ 3.4% |
| Taxes, remuneration and social security45 | €29k | €42k | €51k | €65k | €69k | ▲ 4.9% |
| Taxes450/3 | €2k | €0 | - | €7k | €0 | ▼ 100% |
| Remuneration and social security454/9 | €27k | €42k | €51k | €58k | €69k | ▲ 17.6% |
| Other amounts payable47/48 | €0 | - | €4k | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | €2k | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €87k | €21k | €36k | €148k | €34k | ▼ 77.2% |
| + Depreciation and write-downs630 | €166k | €138k | €161k | €150k | €213k | ▲ 42.0% |
| Operating cash flow (approximation) | €254k | €158k | €197k | €298k | €247k | ▼ 17.1% |
| Investment in fixed assets (approximation) | - | €-367k | €-153k | €-337k | €-127k | ▲ 62.3% |
| Change in cash | - | €-158k | €-25k | €-98k | €151k | ▲ 255% |
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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €148k ▲311%
Operating result €187k, net result €148k, both a record.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €21k ▼76.5%
Net result drops to €21k, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €500kEq €522k ▲20.1%
4 profitable years in a row build equity to €522k.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
5 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, Tielt · 1 establishment unit since 1967
Ground area
5,739 m²
Building footprint
1,149 m²
Volume, LiDAR
7,732 m³
Parcel 37322D1325/00G000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
14
companies at this address
See who is registered here
1 establishment unit
Steenovenstraat 80, 8760 Tielt
since 19672.001.549.864
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37322D1325/00G000 | Flanders | 5,739 m² | 1 · 1,149 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 to 2025 · 5 entries · 11,620 EUR awarded · 11,413 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 207 EUR | 0 EUR |
| 2023 | 2 | 4,746 EUR | 4,746 EUR |
| 2022 | 2 | 6,667 EUR | 6,667 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
222100NRW3GMZWQ7JJ88
Similar companies · same sector, comparable size
TRANSPORTS RUDY LAMBERT
BE 0865.430.436
Celles (lez-Tournai) · Eq €760,420
DBT LOGISTICS
BE 0427.714.966
Kalmthout · Eq €758,882
HERTLEER TRANSPORT
BE 0430.996.041
Assenede · Eq €760,820
P.W.T.
BE 0474.862.510
Laakdal · Eq €760,879
TRANSPORTS VOLUMINEUX GUY ROYEN
BE 0429.840.949
Engis · Eq €758,525
Of 12,585 companies in sector 49410 we hold annual accounts for 8,198. 4,581 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
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
38330Waste collection, recovery and disposal activities
46872Wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.