TRANSECO
Open bankruptcyA bankruptcy procedure is open for TRANSECO according to publications in the Belgian State Gazette; curator: NICK PEETERS. The 2024 annual accounts show equity of €132k and a net result of €8k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-10-2025, 81 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
81 d late
2023
79 d late
2022
70 d late
2021
100 d late
2020
73 d late
2019
60 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€132k▲ 6.6%
2023 · €124k
2018: €55k
2019: €62k
2020: €98k
2021: €108k
2022: €116k
2023: €124k
2018 → 2024
Total assets
€377k▼ 10.7%
2023 · €423k
2018: €330k
2019: €283k
2020: €405k
2021: €514k
2022: €498k
2023: €423k
2018 → 2024
Net result
€8k▼ 0.6%
2023 · €8k
2018: €3k
2019: €8k
2020: €36k
2021: €9k
2022: €8k
2023: €8k
2018 → 2024
Working capital
€130k▲ 7.5%
2023 · €121k
2018: €50k
2019: €59k
2020: €94k
2021: €105k
2022: €111k
2023: €121k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€98k-€108k▲ 9.6%€116k▲ 7.5%€124k▲ 7.1%€132k▲ 6.6%
Operating result€57k-€22k▼ 61.2%€18k▼ 16.9%€26k▲ 39.4%€25k▼ 0.6%
Net result€36k-€9k▼ 73.7%€8k▼ 14.4%€8k▲ 1.9%€8k▼ 0.6%
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 falls in 2024; 2024 is 1% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €377k
Fixed assets
€2k▼ 36.5%
Current assets
€376k▼ 10.6%
Equity and liabilities €377k
Equity
€132k▲ 6.6%
Debt
€245k▼ 17.9%
The debt ratio falls from 70.7% to 65.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€26k▼
2023 · €28k
Cash flow
€9k▼
2023 · €10k
Solvency
35.0%▲
2023 · 29.3%
Current ratio
1.53▲
2023 · 1.41
Quick ratio
1.50▲
2023 · 1.38
Debt / equity
1.86▼
2023 · 2.41
ROE
6.2%▼
2023 · 6.6%
ROA
2.2%▲
2023 · 1.9%
Interest coverage
1.95▼
2023 · 2.34
Debt
€245k▼
2023 · €299k
Debt ≤ 1 year
€245k▼
2023 · €299k
Income taxes
€4k▼
2023 · €6k
Staff costs
€275k▲
2023 · €220k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€423k€377k▼
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€3k€2k▼
Plant, machinery and equipment23€706€487▼
Furniture and vehicles24€2k€1k▼
Current assets29/58€420k€376k▼
Amounts receivable after more than one year29€100k€68k▼
Other amounts receivable291€100k€68k▼
Stocks and contracts in progress3€7k€7k=
Stocks30/36€7k€7k=
Amounts receivable within one year40/41€265k€300k▲
Trade receivables40€222k€281k▲
Other amounts receivable41€44k€19k▼
Cash at bank and in hand54/58€18€18=
Deferred charges and accrued income490/1€48k-
Equity and liabilities
Total equity and liabilities10/49€423k€377k▼
Equity10/15€124k€132k▲
Contributions10/11€6k€6k=
Capital10€6k€6k=
Issued capital100€19k€19k=
Uncalled capital101€12k€12k=
Reserves13€118k€126k▲
Non-distributable reserves130/1€10k€18k▲
Legal reserve130€2k€2k=
Reserves not available under the articles1311€8k€16k▲
Distributable reserves133€108k€108k=
Amounts payable17/49€299k€245k▼
Amounts payable within one year42/48€299k€245k▼
Financial debts43€169k€134k▼
Credit institutions430/8€169k€134k▼
Trade debts44€116k€105k▼
Suppliers440/4€116k€105k▼
Taxes, remuneration and social security45€14k€5k▼
Taxes450/3€6k€5k▼
Remuneration and social security454/9€8k-
Other amounts payable47/48€361€1k▲
Income statement
Code20232024
Non-recurring operating income76A-€18k
Remuneration, social security and pensions62€220k€275k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€927▼
Other operating charges640/8€344€4k▲
Non-recurring operating charges66A-€1k
Gross operating margin9900€248k€306k▲
Operating profit (loss)9901€26k€25k▼
Financial income75/76B€0€3▲
Recurring financial income75€0€3▲
Financial charges65/66B€12k€14k▲
Recurring financial charges65€12k€14k▲
Profit (loss) for the period before taxes9903€14k€12k▼
Income taxes67/77€6k€4k▼
Profit (loss) for the period9904€8k€8k▼
Profit (loss) for the period to be appropriated9905€8k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€8k€8k▼
Transfer to equity691/2€8k€8k▼
To other reserves6921€8k€8k▼
Social balance
Average headcount (FTE)90873.2-
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 81 days late
20-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 81 days late
2024
12-12
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · TRANSECO BV EUROPA- LAAN 17, 2610 WILRIJK (ANTWERPEN) · event 05-12-2024
18-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 79 days late
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
08-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 100 days late
2021
31-12
Financial
Equity above €100kEq €108k ▲9.6%
4 profitable years in a row build equity to €108k.
12-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 73 days late
2020
31-12
Financial
Highest result since 2018net €36k ▲372%
Operating result €57k, net result €36k, both a record.
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
07-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 68 days late
2018
18-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 79 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 57 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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 2013
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.
Europalaan 172610 AntwerpenGround area
193 m²
Building footprint
80 m²
Volume, LiDAR
647 m³
Parcel 11463D0451/00H005, Flanders · tallest building 9.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
TRANSECO
since 20132.217.188.584
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11463D0451/00H005 | Flanders | 193 m² | 1 · 80 m² | 8.9 m · 3 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | NICK PEETERS BROEDERMINSTRAAT 9,
2030 ANTWERPEN 3 |
05-12-2024 → present |
Similar companies · same sector, comparable size
Dakwerken Op de Beeck
BE 0792.403.985
Heist-op-den-Berg · Eq €132k
ALCORTA
BE 0466.042.834
Estaimpuis · Eq €132k
VOEGWERKEN BENNY BOS
BE 0808.075.128
Hasselt · Eq €132k
Cédric RUYMAEKERS
BE 0753.660.405
Saint-Georges-sur-Meuse · Eq €132k
2A.V
BE 0477.660.464
Jette · Eq €132k
Of 11,137 companies in sector 43910 we hold annual accounts for 5,487. 4,772 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-02-2013
Fiscal year end31-12
Activities, NACEBEL
43310Plastering work
43910Bricklaying and masonry work
43994Specialised construction activities
43341Painting of buildings
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.