Transfins

Active

Private limited companyfounded 20196 yrs activeBasilieklaan 379, 1081 Koekelberg, BelgiumKBO/BCE: BE 0740.516.014

The computed 12-month bankruptcy probability of Transfins is 5.4% (elevated). The 2024 annual accounts show equity of €21k and a net result of €34k. Equity is growing by ~14.6% per year across the filed fiscal years. Its solvency ranks better than 33% of 6714 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

84 / 100

Excellent▲ +62 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability80▲+30

Solvency33▼-10

Growth85▲+30

Stability100

Bankruptcy probability, 12 months

5.4% Elevated

0%0.5%1.5%4%10%≥ 25%

Credit up to €2k at 30 days acceptable

Liquidity tight (current ratio 1.28 against 0.93 in 2023), and 79.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

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

Sector 49

higher

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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 2024

Solvency, return and age of the figures

Solvency

20.8%

Return on assets

34%

Age of the figures

20 mo

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-12-2025, 146 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

146 d late

2023

118 d late

2022

210 d late

2021

7 d late

2020

221 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

€316k▲ 99.0%

2023 · €159k

2020: €88k 2021: €140k 2022: €235k 2023: €159k

2020 → 2024

EBIT margin

11.4%▲ 33.1pp

2023 · -21.7%

2020: -10.8% 2021: 9.0% 2022: 3.1% 2023: -21.7%

2020 → 2024

Net result

€34k

2023 · €-37k

2020: €-9k 2021: €12k 2022: €7k 2023: €-37k

2020 → 2024

Working capital

€18k

2023 · €-6k

2020: €5k 2021: €17k 2022: €48k 2023: €-6k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€88k-€140k▲ 59.1%€235k▲ 68.1%€159k▼ 32.4%€316k▲ 99.0%

Equity€6k-€17k▲ 209%€24k▲ 38.9%€-13k€21k

Operating result€-9k-€13k€7k▼ 42.2%€-34k€36k

Net result€-9k-€12k€7k▼ 43.0%€-37k€34k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €36k after a loss of €34k in 2023, the highest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €99k

19.8%

80.2%

Fixed assets €20k▲ 118%

Current assets €80k▲ 16.0%

Equity and liabilities €99k

20.8%

79.2%

Equity €21k

Debt €79k

Debt finances 79.2% of the balance-sheet total.

Key figures and ratios

2024 value · change against 2023

EBITDA

€39k

Cash flow

€37k

Solvency

20.8%▲

2023 · -16.8%

Current ratio

1.28▲

2023 · 0.93

Quick ratio

1.28▲

2023 · 0.93

Debt / equity

3.80▲

2023 · -6.94

ROE

163.2%▼

2023 · 281.6%

ROA

34.0%▲

2023 · -47.4%

Interest coverage

34.44

Debt

€79k▼

2023 · €91k

Debt ≤ 1 year

€62k▼

2023 · €74k

Debt > 1 year

€17k=

2023 · €17k

Income taxes

€932▲

2023 · €747

Staff costs

€69k▲

2023 · €18k

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€78k€99k▲

Fixed assets21/28€9k€20k▲

Tangible fixed assets22/27-€11k

Furniture and vehicles24-€11k

Financial fixed assets28€9k€9k=

Current assets29/58€69k€80k▲

Amounts receivable within one year40/41€69k€73k▲

Trade receivables40€54k€72k▲

Other amounts receivable41€15k€1k▼

Cash at bank and in hand54/58€13€6k▲

Equity and liabilities

Total equity and liabilities10/49€78k€99k▲

Equity10/15€-13k€21k▲

Contributions10/11€15k€15k=

Profit (loss) carried forward14€-28k€6k▲

Amounts payable17/49€91k€79k▼

Amounts payable after more than one year17€17k€17k=

Financial debts170/4€17k€17k=

Amounts payable within one year42/48€74k€62k▼

Current portion of amounts payable after more than one year42€8k-

Trade debts44€41k€26k▼

Suppliers440/4€41k€26k▼

Advances received on contracts in progress46€22k€22k=

Taxes, remuneration and social security45€2k€14k▲

Taxes450/3-€2k

Remuneration and social security454/9€2k€12k▲

Other amounts payable47/48€486-

Income statement Code20232024

Turnover70€159k€316k▲

Non-recurring operating income76A€2k-

Goods, raw materials, services and sundry goods60/61€162k€202k▲

Remuneration, social security and pensions62€18k€69k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€3k

Provisions for liabilities and charges: additions (uses and reversals)635/8€-2k-

Other operating charges640/8€20k€6k▼

Gross operating margin9900€539€115k▲

Operating profit (loss)9901€-34k€36k▲

Financial income75/76B-€0

Recurring financial income75-€0

Financial charges65/66B€2k€1k▼

Recurring financial charges65€2k€1k▼

Profit (loss) for the period before taxes9903€-36k€35k▲

Income taxes67/77€747€932▲

Profit (loss) for the period9904€-37k€34k▲

Profit (loss) for the period to be appropriated9905€-37k€34k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-28k€6k▲

Profit (loss) brought forward from the previous period14P€9k€-28k▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 8Financial 3Filings 5

2025

24-12

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 146 days late

2024

31-12

Financial Back to profitnet €34k

Net result €34k after one loss-making year.

26-11

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 118 days late

26-02

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 210 days late

2023

31-12

Financial Weakest financial yearnet €-37k ▼653%

Net result drops to €-37k, the lowest in the series; recovery starts the following year.

2022

07-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 7 days late

09-03

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 221 days late

2021

31-12

Financial Back to profitnet €12k

Net result €12k after one loss-making year.

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Koekelberg · 1 establishment unit since 2020

establishment The establishment unit on the map

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.

Basilieklaan 3791081 Koekelberg

Ground area

982 m²

Building footprint

449 m²

Volume, LiDAR

13,657 m³

Parcel 21011A0026/00E002, Brussels · tallest building 33.5 m, ±10 floors. Linked by address, not a title deed.

1 establishment unit

Transfins

Basilieklaan 379, 1081 KoekelbergFreight transport by road

since 20202.298.156.563

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21011A0026/00E002	Brussels	982 m²	1 · 449 m²	33.5 m · 10 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.

Recognitions · licences · registrations

Food safety, FASFC

1 site

Koekelberg2.298.156.563

1 permission

Vervoeder afgeleide producten van dierlijke bijproducten · since 01-01-2023

Similar companies · same sector, comparable size

Braine-l'Alleud · Eq €21k

ALLIANZ TRANS

BE 0763.583.307

Sint-Joost-ten-Node · Eq €21k

Of 12,446 companies in sector 49410 we hold annual accounts for 8,086. 4,927 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded27-12-2019

Fiscal year end31-12

Activities, NACEBEL

49410Freight transport by road

Sources

Crossroads Bank for EnterprisesNational Bank · 5 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.