Turnover
The abbreviated format states no turnover.
The abbreviated format states no turnover.
Higher net result than 95% of companies in employment activities. Sector median €21,391 · 377 companies.
The dashed line is the sector median: 0.3% across 117 companies (NACE 78, medium-sized).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 78, medium-sized). It does better than 30% of them on solvency, 9% on liquidity and 93% on profitability.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 684 companies had the same profile as TRANSELECT has now. Each dot stands for 2 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of TRANSELECT itself is higher: 1.5% within 12 months. It rests on far more data about TRANSELECT than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 684 companies, not a prediction for TRANSELECT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.84, below 1. Short-term debt is 85.7% and cash 7% of total assets. 85.7% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| TRANSELECT Genk | €2.1m | €9.0m | 14.3% | 81.2 |
| SEMISUL BELGIUM Antwerp | €2.1m | €5.6m | 7.0% | 97.2 |
| BONNIE PROFESSIONALS Harelbeke | €2.2m | €3.3m | 16.0% | 49.5 |
| YER Belgium Antwerp | €2.5m | €5.9m | -6.3% | 80.2 |
| MD HOSPITALITY Liège | €1.3m | €3.3m | 65.5% | 77.9 |
| Quality Royal Interim Maasmechelen | €2.4m | €8.3m | 31.0% | 145.3 |
| Go4Jobs (Oostende) Antwerp | €0.9m | €5.1m | 15.9% | 127.1 |
These companies have the same main activity as TRANSELECT: employment placement agencies (NACE 78100). They are comparable in size and age: total assets between €906,000 and €2.5m, founded between 2019 and 2024.
The computed 12-month bankruptcy probability of TRANSELECT is 1.5% (moderate). The 2025 annual accounts show equity of €305,334 and a net result of €815,334.
Its solvency ranks better than 38% of 377 sector peers (NACE 78, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €15.0m. Estimated: probably between €10.0m and €25.0m.
Higher than 38% of 377 companies in 2025.
Higher than 20% of 367 companies in 2025.
Higher than 93% of 371 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: bottom quarter · Staff: top quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, 1,969 short contracts started and 1,904 ended, on average 102 hours worked per contract. Staff averaged 81 full-time equivalents. Training hours in 2025: 21.
| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
2.1m | |
21/28 |
589,813 | |
21 |
555,982 | |
22/27 |
8,831 | |
24 |
4,158 | |
26 |
4,672 | |
28 |
25,000 | |
29/58 |
1.5m | |
40/41 |
1.4m | |
40 |
1.4m | |
54/58 |
148,663 | |
490/1 |
991 | |
| Balance sheet: equity and liabilities | ||
10/49 |
2.1m | |
10/15 |
305,334 | |
10/11 |
40,000 | |
13 |
265,334 | |
133 |
265,334 | |
14 |
0 | |
17/49 |
1.8m | |
42/48 |
1.8m | |
43 |
328,709 | |
430/8 |
328,709 | |
44 |
87,209 | |
440/4 |
87,209 | |
45 |
857,191 | |
450/3 |
189,419 | |
454/9 |
667,773 | |
47/48 |
550,000 | |
| Income statement | ||
9900 |
9.0m | |
62 |
7.7m | |
630 |
113,444 | |
631/4 |
6,434 | |
640/8 |
1,097 | |
9901 |
1.1m | |
75/76B |
4 | |
75 |
4 | |
65/66B |
40,207 | |
65 |
40,207 | |
9903 |
1.1m | |
67/77 |
291,662 | |
9904 |
815,334 | |
9905 |
815,334 | |
| Appropriation of the result | ||
9906 |
815,334 | |
691/2 |
265,334 | |
6921 |
265,334 | |
694/7 |
550,000 | |
694 |
550,000 | |
| Social balance sheet | ||
9087 |
81.2 | |
Hours worked1013 |
201,252 | |
| Document | ||
The notes to these accounts have 14 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-09-2026.
2025 annual accounts filed 61 days after the deadline. Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00536966.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-09-2026 | 2026-00536966 |
| Line | Trend | 2025 |
|---|---|---|
| 1.3m | ||
| 928,778 | ||
| 703,257 | ||
| -284,479 | ||
| 14.3% | ||
| 0.84 | ||
| 5.97 | ||
| 267.0% | ||
| 38.3% | ||
| 31.35 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 65 |
| full-time | 64 |
| part-time | 1 |
| in full-time equivalents | 64.9 |
| 81.2 | |
| On a permanent contract | 10 |
| Joined | 1,969 |
| Left | 1,904 |
| Training hours | 21 |
Source: social balance sheet in the 2025 annual accounts
| Item | 2025 |
|---|---|
| Tangible fixed assets | €10,088 |
| Intangible fixed assets | €668,169 |
| Financial fixed assets | €25,000 |
| €113,444 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Debt's share of the balance-sheet total is 85.7%.
Deed of 26-05-20261 statutory auditor appointedBV VAN HAVERMAET BEDRIJFSREVISOREN (statutory auditor) · Permanent representatives: Nathalie BOGAERTS, Louis KEMPS and Navarone LENAERTS · General meeting of 13-02-2026
Source: parent in its own accounts, lists of holdings in the owners' accounts
| IMMPACT VASTGOED via ADDED VALUE SERVICES, no longer at IMMPACT VASTGOED · Director · deed of 12-09-2022 founded in 2003 |
total assets €32.9m (2025) |
| HIPPODROME PROJECTS via ADDED VALUE SERVICES, no longer at HIPPODROME PROJECTS · Director · deed of 30-08-2024 founded in 2007 |
total assets €4.2m (2025) |
| Itzu Talent Solutions via HUMAN CAPITAL MANAGEMENT SERVICES (no longer at Itzu Talent Solutions) and ADDED VALUE SERVICES (no longer at Itzu Talent Solutions) · Director · deed of 19-08-2021 founded in 1980 · group ITZU |
13 FTE (2025) |
| Itzu Home Wallonië via ADDED VALUE SERVICES, no longer at Itzu Home Wallonië · Director · deed of 04-05-2021 No longer active |
252 FTE (2023) |
| Itzu Home via ADDED VALUE SERVICES, no longer at Itzu Home · Director · deed of 04-05-2021 No longer active |
total assets €615,415 (2024) |
| Itzu Home via ADDED VALUE SERVICES, no longer at Itzu Home · Director · deed of 11-03-2021 No longer active |
total assets €197,897 (2025) |
| CAREERFIT via HUMAN CAPITAL MANAGEMENT SERVICES (no longer at CAREERFIT) and ADDED VALUE SERVICES (no longer at CAREERFIT) · Director · deed of 21-09-2021 No longer active · group ITZU |
total assets €56,683 (2022) |
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
TRANSELECT was incorporated on 29 July 2024 as a private limited company by NCL FINANCE and ITZU JOBS, with a starting capital of €40,000.12 The company has filed annual accounts once, for financial year 2025.3
| Establishment | Since | Unit number |
|---|---|---|
| TRANSELECT - GEEL Gasthuisstraat 22, 2440 Geel | 17-09-2024 | 2.363.756.871 |
| TRANSELECT - GENK registered office Emile Van Dorenlaan 30/2, 3600 Genk | 01-10-2024 | 2.362.456.081 |
| TRANSELECT - ROESELARE Koestraat 179, 8800 Roeselare | 01-10-2024 | 2.362.456.180 |
| TRANSELECT - ANTWERPEN Mechelsesteenweg 27, 2018 Antwerp | 05-02-2025 | 2.369.859.260 |
| TRANSELECT - HERSTAL Rue d'Abhooz 40, 4040 Herstal | 01-06-2026 | 2.389.593.119 |
| Rue Petit Piersoulx 1 6041 Charleroi | 08-10-2026 | 2.395.184.772 |
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 52028B0291/00G000 | Wallonia | 8,532 m² | 1 · 177 m² | 11.0 m · 3 |
| 36302B2225/00D000 | Flanders | 7,987 m² | 1 · 3,054 m² | 15.4 m · 1 |
| 62312A0453/00X002 | Wallonia | 1,813 m² | 1 · 351 m² | 4.9 m · 1 |
| 13008H1443/00D002 | Flanders | 1,191 m² | 1 · 166 m² | 15.1 m · 4 |
| 71308A0816/00S055 | Flanders | 783 m² | 1 · 424 m² | 12.5 m · 3 |
| 11806F1491/00A002 | Flanders | 200 m² | 1 · 178 m² | 26.9 m · 8 |
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