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TRANSFORCE

Bankruptcy
Private limited companyfounded 2016Walenstraat 63A, 3500 Hasselt, BelgiumKBO/BCE: BE 0660.951.565
Summary

The KBO register currently lists the legal status of TRANSFORCE as open bankruptcy, with no start date. The 2023 annual accounts show negative equity (-€678,136) and a net result of -€1.6m.

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TRANSFORCEBankruptcy
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Are you a creditor?

Judicial reorganisation Source: Belgian Official Gazette

Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.

The procedure

Court
Enterprise Court of Antwerp
Opened
29 November 2024
Track
Reorganisation by collective agreement
Docket number
20240032
Moratorium until
21 March 2025 (passed; an extension would be in a later judgment)
Creditors' vote
14 March 2025
Delegated judge
Ben Vandebergh
Official Gazette
04-12-2024 (pdf) ↗search the document for 2024/147068

What to do now

  1. Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
  2. Check the amount the company lists you for: it has to tell you. If it is wrong, dispute it in writing.
  3. The company files a reorganisation plan and creditors vote on it at a hearing. A plan approved and confirmed by the court also binds those who voted against.
  4. What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
  5. The file is in RegSol, where you can read the documents of the procedure.

Deadlines: the judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette. The date of the vote on the plan is in the judgment and in RegSol.

View the file in RegSol ↗ Follow Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.

General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company

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Overview

Activity
Freight transport by road
NACE 49410
2 sites
Size
€677,143total assets 2023
Staff
24.3 FTE
Equity
-€678,136
Loss
-€1.6m
Turnover not published (abbreviated or micro format)
Financial health
Bankruptcy: no score
Structure
Largest shareholder
VDL Investments · 20.09%
2 of 11 deeds summarised
Signalsraises riskRegister: open bankruptcyIn judicial reorganisation2023 accounts filed 31 days lateShow the evidence

Signals

Three signals.
raises risk
raises risk · Register: open bankruptcy
The KBO register currently gives the legal situation as open bankruptcy, with no start date.
KBO · legal situation
raises risk · In judicial reorganisation
Ongoing procedure under court protection (Book XX of the Code of Economic Law). The company is restructuring.
Belgian Official Gazette
raises risk · 2023 accounts filed 31 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 31-08-2024, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filings
Deviation from the deadline
2023
31 days late
2022
50 days late
2021
31 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 37 days after the deadline; the sector median (NACE 49) for financial year 2023 is on the deadline day, and 50% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. OpeningEnterprise Court of Antwerp ·…
  2. Annual accounts filedfinancial year 2023 · abbreviated…
  3. Capital & shares · Amendment of…Capital increase · Capital contribution…

Key points

  • Risk: In judicial reorganisationtrustee not known 29-11-2024 View
  • Caution: Equity fell in 2023from -€243,499 to -€678,136 ▼ 178% View
  • Board2 directors in office 2 View

By topic

Financials

Financial year
2023
Total assets
€677,143
Loss
-€1.6m
Solvency
-100.1%
Total assets▲ 27.8%
Net result
20212023
Go to Financials

Board & ownership

Board
2 members
Largest shareholder
VDL Investments · 20.09%
  • HUFKENS Nick Geen AnnaDirector
  • VAN MINNEBRUGGEN BartDirector
Go to Board & ownership

Timeline

Events
7
Since
2022
  1. 31-12-2023Weakest financial year
  2. 14-12-2023Resignations: LUYCK Daniël Paul Marie-Thérèse (director) and…
  3. 19-09-2023Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Private limited company
Activity
Freight transport by roadNACE 49410
Founded
17-08-2016
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

Key facts about TRANSFORCE

What is the company number of TRANSFORCE?
0660.951.565. In Belgium the VAT number is the company number with BE in front: BE 0660.951.565.
Where was TRANSFORCE based?
The last known address of the registered office is Walenstraat 63A, 3500 Hasselt.Company details
What does TRANSFORCE do?
According to the KBO register, the main activity is freight transport by road (NACE 49410).
What is the legal form of TRANSFORCE?
Private limited company (BV).
When was TRANSFORCE founded?
On 17-08-2016.
Is TRANSFORCE still active?
A bankruptcy is running: a bankruptcy trustee manages the company.
How many employees did TRANSFORCE have?
On average 24.3 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
What is the turnover of TRANSFORCE?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is TRANSFORCE profitable?
In financial year 2023, TRANSFORCE made a loss of €1.6m.
Where can I find the annual accounts of TRANSFORCE?
TRANSFORCE filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2023.

Companies related to TRANSFORCE

Go further with this company

What should you check before you do business with this company?Supplier due diligence What were this company's board, registered office and name on a given date?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?Process a list How is the freight transport by road sector doing?Sector figures

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