Transdeco
ActiveTransdeco has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.93M and a net result of €207k. Equity is growing by ~5% per year across the filed fiscal years. Its solvency ranks better than 94% of 907 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
94
/ 100
Excellent▲ +11 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability21▲+17
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €460k at 30 days acceptable
Liquidity ample (current ratio 12.02 against 16.6 in 2024), and 5.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
94.4%
Return on assets
4%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Sector 77
higher
← fewer bankruptcies
more bankruptcies →
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
21 d early
2023
49 d early
2022
45 d early
2021
31 d early
2020
116 d early
2019
7 d early
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€4.93M▲ 4.4%
2024 · €4.72M
2018: €3.62M
2019: €3.90M
2020: €3.87M
2021: €4.42M
2022: €5.16M
2023: €5.51M
2024: €4.72M
2018 → 2025
Total assets
€5.22M▲ 7.4%
2024 · €4.86M
2018: €3.97M
2019: €4.09M
2020: €4.39M
2021: €4.65M
2022: €5.61M
2023: €5.89M
2024: €4.86M
2018 → 2025
Net result
€207k▲ 393%
2024 · €42k
2018: €414k
2019: €284k
2020: €315k
2021: €589k
2022: €742k
2023: €397k
2024: €42k
2018 → 2025
Working capital
€2.68M▲ 43.5%
2024 · €1.87M
2018: €1.22M
2019: €1.36M
2020: €1.23M
2021: €1.03M
2022: €1.25M
2023: €1.22M
2024: €1.87M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€4.42M-€5.16M▲ 16.8%€5.51M▲ 6.7%€4.72M▼ 14.3%€4.93M▲ 4.4%
Operating result€708k-€940k▲ 32.7%€411k▼ 56.2%€-15k€182k
Net result€589k-€742k▲ 25.9%€397k▼ 46.5%€42k▼ 89.4%€207k▲ 393%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €182k after a loss of €15k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.22M
Fixed assets
€2.30M▼ 20.1%
Current assets
€2.92M▲ 47.1%
Equity and liabilities €5.22M
Equity
€4.93M▲ 4.4%
Provisions
€48k▲ 242%
Debt
€243k▲ 95.4%
The debt ratio rises from 2.6% to 4.7%: debt grows faster than equity.
Key figures and ratios
EBITDA
€1.87M▲
2024 · €1.71M
Cash flow
€1.89M▲
2024 · €1.77M
Solvency
94.4%▼
2024 · 97.1%
Current ratio
12.02▼
2024 · 16.60
Quick ratio
12.02▼
2024 · 16.60
Debt / equity
0.05▲
2024 · 0.03
ROE
4.2%▲
2024 · 0.9%
ROA
4.0%▲
2024 · 0.9%
Interest coverage
5887.53▲
2024 · 447.82
Debt
€243k▲
2024 · €125k
Debt ≤ 1 year
€243k▲
2024 · €120k
Income taxes
€571▼
2024 · €601
Staff costs
€185k▲
2024 · €185k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€4.86M€5.22M▲
Fixed assets21/28€2.87M€2.30M▼
Tangible fixed assets22/27€2.87M€2.29M▼
Land and buildings22€0-
Furniture and vehicles24€2.87M€2.29M▼
Financial fixed assets28€2k€7k▲
Current assets29/58€1.99M€2.92M▲
Amounts receivable within one year40/41€598k€674k▲
Trade receivables40€198k€259k▲
Other amounts receivable41€401k€414k▲
Current investments50/53€975k€0▼
Cash at bank and in hand54/58€393k€2.21M▲
Deferred charges and accrued income490/1€23k€37k▲
Equity and liabilities
Total equity and liabilities10/49€4.86M€5.22M▲
Equity10/15€4.72M€4.93M▲
Contributions10/11€16k€16k=
Reserves13€1.35M€4.91M▲
Tax-exempt reserves132€1.35M€1.52M▲
Distributable reserves133€2k€3.40M▲
Profit (loss) carried forward14€3.36M€0▼
Provisions and deferred taxes16€14k€48k▲
Deferred taxes168€14k€48k▲
Amounts payable17/49€125k€243k▲
Amounts payable within one year42/48€120k€243k▲
Trade debts44€31k€227k▲
Suppliers440/4€31k€227k▲
Taxes, remuneration and social security45€55k€17k▼
Taxes450/3€30k€504▼
Remuneration and social security454/9€25k€16k▼
Other amounts payable47/48€33k€0▼
Accrued charges and deferred income492/3€5k€0▼
Income statement
Code20242025
Non-recurring operating income76A€210k€311k▲
Remuneration, social security and pensions62€185k€185k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.73M€1.69M▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-513
Other operating charges640/8€129k€85k▼
Non-recurring operating charges66A€54k€30k▼
Gross operating margin9900€2.08M€2.17M▲
Operating profit (loss)9901€-15k€182k▲
Financial income75/76B€53k€60k▲
Recurring financial income75€53k€60k▲
Financial charges65/66B€4k€318▼
Recurring financial charges65€4k€318▼
Profit (loss) for the period before taxes9903€34k€241k▲
Transfer from deferred taxes780€8k€12k▲
Transfer to deferred taxes680€0€45k▲
Income taxes67/77€601€571▼
Profit (loss) for the period9904€42k€207k▲
Transfer from tax-exempt reserves789€24k€50k▲
Transfer to tax-exempt reserves689€28k€221k▲
Profit (loss) for the period to be appropriated9905€39k€35k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.36M€3.39M▲
Profit (loss) brought forward from the previous period14P€3.32M€3.36M▲
Transfer to equity691/2-€3.39M
To other reserves6921-€3.39M
Profit to be distributed694/7€0-
Directors or managers695€0-
Social balance
Average headcount (FTE)90873.83.8=
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €42k ▼89.4%
Net result drops to €42k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 16.60
Current ratio from 4.43 to 16.60; short-term debt falls from €357k to €120k.
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €742k ▲25.9%
Operating result €940k, net result €742k, both a record.
31-12
Financial
Equity above €5MEq €5.16M ▲16.8%
5 profitable years in a row build equity to €5.16M.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
06-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Pittemsesteenweg 138700 TieltGround area
3,770 m²
Building footprint
1,008 m²
Volume, LiDAR
7,289 m³
Parcel 37015A1002/00H004, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Pittemsesteenweg 13, 8700 Tielt
since 19672.001.333.989
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37015A1002/00H004 | Flanders | 3,770 m² | 1 · 1,008 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 · 46,500 EUR awarded · 46,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 4,500 EUR | 4,500 EUR |
| 2022 | 1 | 42,000 EUR | 42,000 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
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Of 1,435 companies in sector 77110 we hold annual accounts for 724. 173 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL
71100
77110Renting and leasing of cars and light motor vehicles
77120Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.