TRANSFORM-IT
ActiveTRANSFORM-IT has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €290k and a net result of €78k. Equity is shrinking by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 41% of 20785 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability87▼-1
Solvency78▼-22
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days only on tighter terms
Liquidity ample (current ratio 2.13 against 11.63 in 2023; short-term debt: 46.8% and cash: 51.1% of total assets), and 46.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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 · 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 02-11-2025, 94 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
94 d late
2023
127 d late
2022
111 d late
2021
112 d late
2020
104 d late
2019
108 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€290k▼ 32.5%
2023 · €430k
2018: €395k
2019: €360k
2020: €316k
2021: €272k
2022: €358k
2023: €430k
2018 → 2024
Total assets
€545k▲ 16.0%
2023 · €470k
2018: €418k
2019: €372k
2020: €327k
2021: €286k
2022: €376k
2023: €470k
2018 → 2024
Net result
€78k▲ 8.6%
2023 · €72k
2018: €29k
2019: €-36k
2020: €-44k
2021: €-44k
2022: €88k
2023: €72k
2018 → 2024
Working capital
€288k▼ 32.8%
2023 · €429k
2018: €389k
2019: €355k
2020: €313k
2021: €270k
2022: €356k
2023: €429k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€316k-€272k▼ 14.0%€358k▲ 31.8%€430k▲ 20.1%€290k▼ 32.5%
Operating result€-51k-€-44k▲ 13.6%€92k€98k▲ 7.0%€98k=
Net result€-44k-€-44k▲ 0.1%€88k€72k▼ 18.1%€78k▲ 8.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 0% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €545k
Fixed assets
€2k▲ 80.6%
Current assets
€544k▲ 15.9%
Equity and liabilities €545k
Equity
€290k▼ 32.5%
Debt
€255k▲ 533%
The debt ratio rises from 8.6% to 46.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€99k▼
2023 · €99k
Cash flow
€79k▲
2023 · €73k
Solvency
53.2%▼
2023 · 91.4%
Current ratio
2.13▼
2023 · 11.63
Quick ratio
2.13▼
2023 · 11.63
Debt / equity
0.88▲
2023 · 0.09
ROE
26.9%▲
2023 · 16.7%
ROA
14.3%▼
2023 · 15.3%
Interest coverage
77.32▼
2023 · 87.71
Debt
€255k▲
2023 · €40k
Debt ≤ 1 year
€255k▲
2023 · €40k
Income taxes
€22k▼
2023 · €25k
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€470k€545k▲
Fixed assets21/28€983€2k▲
Tangible fixed assets22/27€983€2k▲
Plant, machinery and equipment23-€1k
Furniture and vehicles24€983€321▼
Current assets29/58€469k€544k▲
Amounts receivable within one year40/41€28k€181k▲
Trade receivables40€20k€16k▼
Other amounts receivable41€8k€165k▲
Current investments50/53€399k-
Cash at bank and in hand54/58€42k€279k▲
Deferred charges and accrued income490/1-€84k
Equity and liabilities
Total equity and liabilities10/49€470k€545k▲
Equity10/15€430k€290k▼
Contributions10/11€6k€6k=
Reserves13€45k€17k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€43k€15k▼
Profit (loss) carried forward14€379k€267k▼
Amounts payable17/49€40k€255k▲
Amounts payable within one year42/48€40k€255k▲
Taxes, remuneration and social security45€39k€95k▲
Taxes450/3€29k€85k▲
Remuneration and social security454/9€10k€10k=
Other amounts payable47/48€1k€160k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€863€662▼
Other operating charges640/8€1k€387▼
Gross operating margin9900€100k€99k▼
Operating profit (loss)9901€98k€98k=
Financial income75/76B-€3k
Recurring financial income75-€3k
Non-recurring financial income76B-€3k
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Non-recurring financial charges66B€1k€1k▲
Profit (loss) for the period before taxes9903€97k€100k▲
Income taxes67/77€25k€22k▼
Profit (loss) for the period9904€72k€78k▲
Profit (loss) for the period to be appropriated9905€72k€78k▲
Appropriation of the result
Profit (loss) to be appropriated9906€379k€457k▲
Profit (loss) brought forward from the previous period14P€307k€379k▲
Transfer from equity791/2-€28k
Profit to be distributed694/7-€218k
Return on contributions (dividend)694-€218k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
02-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 94 days late
2024
05-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 127 days late
2023
19-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 111 days late
2022
31-12
Financial
Back to profitnet €88k
Net result €88k after 3 loss-making years.
20-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 112 days late
2021
12-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 104 days late
2020
31-12
Financial
Weakest financial yearnet €-44k
Net result drops to €-44k, the lowest in the series; recovery starts the following year.
16-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 108 days late
2019
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 122 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 61 days late
2017
09-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 70 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Anderlecht · 1 establishment unit since 2003
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.
Venizeloslaan 531070 AnderlechtGround area
295 m²
Building footprint
128 m²
Volume, LiDAR
1,595 m³
Parcel 21308H0677/00S005, Brussels · tallest building 15.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Transform-IT
since 20032.373.023.539
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21308H0677/00S005 | Brussels | 295 m² | 1 · 128 m² | 15.2 m · 4 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
CPE-DRS
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Informatica Advies Bureau
BE 0442.897.446
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J. BURNAY CONSULTING
BE 0474.544.586
Ohey · Eq €290k
Rohelma
BE 0567.930.941
Hulshout · Eq €290k
MAXIS Consulting
BE 0756.498.050
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Of 30,000 companies in sector 62200 we hold annual accounts for 18,392. 13,828 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-12-2003
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
72100
47400Retail sale of information and communication equipment
47410Retail trade
52487
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.