TRANSFORBEL
ActiveThe annual accounts of TRANSFORBEL for fiscal year 2025 show a net loss of 69% of total assets and of 74% of the equity at the start of that year. The 2025 annual accounts show equity of €19k and a net result of €-13k. Equity is growing by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 4839 sector peers (fiscal year 2025). The company has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency100=
Growth53=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 30.06 against 7.5 in 2024; short-term debt: 2.9% and cash: 74% of total assets), and 2.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
raises risk · 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 2025Solvency, return and age of the figures
Solvency
97.1%
Return on assets
-68.9%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
22 d early
2023
29 d early
2022
28 d early
2021
30 d early
2020
29 d early
2019
30 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€38k▲ 20.0%
2021 · €31k
2021: €31k
2021 → 2024
EBIT margin
-46.8%▼ 52.1pp
2021 · 5.2%
2021: 5.2%
2021 → 2024
Net result
€-13k▲ 25.8%
2024 · €-18k
2018: €3k
2019: €-13k
2020: €207
2021: €2k
2022: €-18k
2023: €-2k
2024: €-18k
2018 → 2025
Working capital
€16k▲ 26.1%
2024 · €13k
2018: €12k
2019: €8k
2020: €9k
2021: €11k
2022: €13k
2023: €9k
2024: €13k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€31k-€38k
Equity€11k-€13k▲ 16.8%€16k▲ 22.1%€18k▲ 14.2%€19k▲ 4.5%
Operating result€2k-€-18k€-2k▲ 88.4%€-18k▼ 739%€-13k▲ 26.0%
Net result€2k-€-18k€-2k▲ 88.0%€-18k▼ 717%€-13k▲ 25.8%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €13k in 2025 against €18k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19k
Fixed assets
€3k▼ 49.6%
Current assets
€17k▲ 13.1%
Equity and liabilities €19k
Equity
€19k▲ 4.5%
Debt
€552▼ 71.8%
The debt ratio falls from 9.9% to 2.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€-10k▲
2024 · €-15k
Cash flow
€-10k▲
2024 · €-15k
Solvency
97.1%▲
2024 · 90.1%
Current ratio
30.06▲
2024 · 7.50
Quick ratio
30.06▲
2024 · 7.50
Debt / equity
0.03▼
2024 · 0.11
ROE
-70.9%▲
2024 · -99.9%
ROA
-68.9%▲
2024 · -90.0%
Interest coverage
-76.94▲
2024 · -113.74
Debt
€552▼
2024 · €2k
Debt ≤ 1 year
€552▼
2024 · €2k
Income taxes
€4▲
2024 · €1
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€20k€19k▼
Fixed assets21/28€5k€3k▼
Tangible fixed assets22/27€5k€3k▼
Furniture and vehicles24€5k€3k▼
Current assets29/58€15k€17k▲
Amounts receivable within one year40/41€3k€2k▼
Trade receivables40€3k€2k▼
Other amounts receivable41€526€446▼
Cash at bank and in hand54/58€11k€14k▲
Deferred charges and accrued income490/1€203€181▼
Equity and liabilities
Total equity and liabilities10/49€20k€19k▼
Equity10/15€18k€19k▲
Contributions10/11€36k€36k=
Capital10€36k€36k=
Issued capital100€36k€36k=
Reserves13€4k€4k=
Non-distributable reserves130/1€4k€4k=
Legal reserve130€4k€4k=
Profit (loss) carried forward14€-22k€-21k▲
Amounts payable17/49€2k€552▼
Amounts payable within one year42/48€2k€552▼
Trade debts44€2k€552▼
Suppliers440/4€2k€552▼
Taxes, remuneration and social security45-€0
Taxes450/3-€0
Income statement
Code20242025
Operating income70/76A€38k-
Turnover70€38k-
Other operating income74€84-
Operating charges60/66A€55k-
Goods for resale, raw materials and consumables60€18k-
Purchases600/8€18k-
Change in stocks: decrease (increase)609€-301-
Services and other goods61€34k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Other operating charges640/8€562€172▼
Non-recurring operating charges66A€1-
Gross operating margin9900-€-10k
Operating profit (loss)9901€-18k€-13k▲
Financial income75/76B€4€13▲
Recurring financial income75€4€13▲
Income from current assets751€4-
Financial charges65/66B€133€134▲
Recurring financial charges65€133€134▲
Other financial charges652/9€133-
Profit (loss) for the period before taxes9903€-18k€-13k▲
Income taxes67/77€1€4▲
Taxes670/3€1-
Profit (loss) for the period9904€-18k€-13k▲
Profit (loss) for the period to be appropriated9905€-18k€-13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-42k€-35k▲
Profit (loss) brought forward from the previous period14P€-24k€-22k▲
Shareholders' contribution to the loss794€20k€14k▼
The notes to these accounts (6 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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Liquidity quadruplescurrent ratio 30.06
Current ratio from 7.50 to 30.06; short-term debt falls from €2k to €552.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity doublescurrent ratio 16.15
Current ratio from 7.94 to 16.15; short-term debt falls from €2k to €579.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-18k ▼1302%
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €207
Net result €207 after one loss-making year.
31-12
Financial
Liquidity times 11current ratio 29.69
Current ratio from 2.77 to 29.69; short-term debt falls from €5k to €296.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
07-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
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, Genappe · 1 establishment unit since 1993
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.
Rue du Champ Saint Nicolas 81470 GenappeGround area
6,749 m²
Building footprint
179 m²
Volume, LiDAR
1,249 m³
Parcel 25013B0049/00K000, Wallonia · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue du Champ Saint Nicolas 8, 1470 Genappe
since 19932.031.898.491
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25013B0049/00K000 | Wallonia | 6,749 m² | 1 · 179 m² | 8.6 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.
Similar companies · same sector, comparable size
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MAALDERIJ DEHOLLOGNE
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HOBBYVAL
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Of 689 companies in sector 46216 we hold annual accounts for 476. 94 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded09-02-1983
Fiscal year end31-12
Abbreviation FR
T.F.B.
Activities, NACEBEL
46216Wholesale of agricultural produce and animal feed, general range
51210
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
43299Specialised construction activities
47279Other retail sale of food
47299Retail trade
52272
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.