Equity
€546,693 from €1.1m in 2016
Equity fell by 51% in 9 years.
TRANSFORM
Lifetime
20 annual accounts with figures on one time axis, 39 filings since 1987peak €321,928 (2008)
€63,517▲ 0.4%
lowest -€12,834 (2017)
€33,841▲ 4.8%
peak €1.1m (2016)
€546,693▲ 4.7%
€46,683▲ 27.8%
Board2 names since 2020
-
Documentsfilings and deeds
30-07-20261 day before the deadline
2025micro format
Dividend €9,165Debts from €36,517 to €46,683Cash from €89,040 to €130,189
Key points
from the 2025 annual accountsFilings
39 annual accounts since 1987
Six of the last ten came late. The 2019 accounts came latest: 126 days after the end of the period.
Position in the sector
92.1%
Higher solvency than 93% of companies in real estate. Sector median 28.9% · 17,194 companies.
Checked score
97
Excellent
Financially stronger than 72% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025highest value
09-2025: < 0.1%▼ -0.2 percentage points vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Founded in 1986
Liquidity: current ratio 43.46, cash €130,189
Equity €546,693 (92.1% of total assets)
Figures for financial year 2025 (filed on 30-07-2026)
Calculation
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 46, micro). It does better than 90% of them on solvency, 81% on liquidity, 65% on profitability and 55% on growth.
The bankruptcy probability was computed on 09-11-2026 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 very low class on 30-06-2025, 0.1% 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).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as TRANSFORM has now. Each dot stands for 51 companies, two years later.
95.1%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of TRANSFORM itself: < 0.1% within 12 months.
Test of the method
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 20,137 companies, not a prediction for TRANSFORM. 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.
Credit verdict
Credit of up to €50,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 43.46, above the usual 1.5. Short-term debt is 1.3% and cash 21.9% of total assets. 7.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
6 signals, none raises the risk
Six signals.
lowers riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €546,693
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 day early
2024
27 days late
2023
26 days late
2022
25 days late
2021
16 days late
2020
20 days late
2019
126 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 34 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0429611515
Appointments: MarleenVerstichel (statutory director) and DanielBeets (statutory director)
General meeting of 23-03-2020 · Gazette deed
First establishment
Oudergemseweg 41, Wezembeek-Oppem
Incorporation
published on 08-11-1986 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TRANSFORM Wezembeek-Oppem | €593,376 | €63,517 | 92.1% | - |
| IMMO INMAR Heist-op-den-Berg | €601,109 | €64,314 | 23.9% | - |
| JAVEST Meerhout | €545,463 | €58,032 | 35.5% | - |
| COSEMANS MOTORS Genk | €592,073 | €57,354 | 31.0% | - |
| J.B.M.C. Sint-Truiden | €583,561 | €56,461 | 66.7% | - |
| IMMOBILIERE DU TILLEUL Charleroi | €606,030 | €72,837 | 31.4% | - |
| BUREAU GESICA Silly | €529,951 | €55,916 | 43.8% | - |
These companies have the same main activity as TRANSFORM: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €530,000 and €606,000, founded between 1984 and 1990.
Official details
Source: KBO- Status
- Active since 17-10-1986Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201
- Establishment unit
- 2.034.677.0471970 Wezembeek-Oppem, since 03-11-1986
- Financial year end
- 31 December
- Peppol
- Reachable since 30-12-2025
Annual accounts 2025
- ≈ €82,000estimated
- €593,376▲ 6.2%
- Filing
- Filed on 30-07-2026, 1 day before the end of the filing period
Insights on TRANSFORM
TRANSFORM files the micro format. That format states no turnover. The gross margin fell from €66,463 in 2006 to €63,517 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TRANSFORM
- What is the company number of TRANSFORM?
- The company number of TRANSFORM is 0429.611.515. The VAT number is the same number with BE in front: BE 0429.611.515.
- Where is TRANSFORM based?
- The registered office is at Oudergemseweg 41, 1970 Wezembeek-Oppem.Company details
- What does TRANSFORM do?
- According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
- What is the legal form of TRANSFORM?
- TRANSFORM is a private limited company (BV).
- When was TRANSFORM founded?
- TRANSFORM was founded on 17-10-1986.
- Is TRANSFORM still active?
- Yes, TRANSFORM is an active enterprise in the KBO register.
- What is the turnover of TRANSFORM?
- The turnover in financial year 2025 is ≈ €82,000. This figure is estimated from the gross margin of €63,517 and 45 comparable companies (NACE 682). It probably lies between €71,000 and €100,000.Financials
- Is TRANSFORM profitable?
- In financial year 2025, TRANSFORM made a profit of €33,841.
- Where can I find the annual accounts of TRANSFORM?
- TRANSFORM filed 39 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TRANSFORM due?
- TRANSFORM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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