TRANSFORMACTION
ActiveTRANSFORMACTION has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-77k) and a net result of €-15k. Equity is shrinking by ~51.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 37959 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
29
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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 2024Age of the figures
Age of the figures
21 mo
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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-77k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
29 d late
2022
31 d late
2021
58 d late
2020
90 d late
2019
59 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-77k▼ 24.6%
2023 · €-61k
2018: €26k
2019: €9k
2020: €-20k
2021: €-38k
2022: €-33k
2023: €-61k
2018 → 2024
Total assets
€1k▼ 52.5%
2023 · €2k
2018: €46k
2019: €11k
2020: €5k
2021: €17k
2022: €2k
2023: €2k
2018 → 2024
Net result
€-15k▲ 46.9%
2023 · €-28k
2018: €-359
2019: €-17k
2020: €-29k
2021: €-18k
2022: €5k
2023: €-28k
2018 → 2024
Working capital
€-77k▼ 23.7%
2023 · €-62k
2018: €23k
2019: €8k
2020: €-21k
2021: €-44k
2022: €-35k
2023: €-62k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-20k-€-38k▼ 85.9%€-33k▲ 12.9%€-61k▼ 86.0%€-77k▼ 24.6%
Operating result€-27k-€-13k▲ 49.8%€8k€-23k€-10k▲ 58.9%
Net result€-29k-€-18k▲ 39.8%€5k€-28k€-15k▲ 46.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10k in 2024 against €23k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1k
Fixed assets
€323▼ 54.8%
Current assets
€776▼ 51.5%
Key figures and ratios
EBITDA
€-9k▲
2023 · €-22k
Cash flow
€-15k▲
2023 · €-27k
Interest coverage
-1.86▲
2023 · -5.09
Debt
€78k▲
2023 · €64k
Debt ≤ 1 year
€78k▲
2023 · €64k
Income taxes
€575▼
2023 · €668
Ratios withheld: a balance sheet total of €1k is too small for a meaningful ratio.
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€2k€1k▼
Fixed assets21/28€716€323▼
Intangible fixed assets21€257-
Tangible fixed assets22/27€259€124▼
Plant, machinery and equipment23€259-
Furniture and vehicles24-€124
Financial fixed assets28€200€200=
Current assets29/58€2k€776▼
Amounts receivable within one year40/41€1k€485▼
Trade receivables40€370-
Other amounts receivable41€957€485▼
Deferred charges and accrued income490/1€274€292▲
Equity and liabilities
Total equity and liabilities10/49€2k€1k▼
Equity10/15€-61k€-77k▼
Contributions10/11€19k€19k=
Reserves13€13k€13k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€11k€11k=
Profit (loss) carried forward14€-93k€-109k▼
Amounts payable17/49€64k€78k▲
Amounts payable within one year42/48€64k€78k▲
Financial debts43€17k€20k▲
Credit institutions430/8-€26
Other loans439€17k€20k▲
Trade debts44€1k€3k▲
Suppliers440/4€1k€3k▲
Taxes, remuneration and social security45€1k€2k▲
Taxes450/3€1k€2k▲
Other amounts payable47/48€44k€53k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€574▼
Other operating charges640/8€704€750▲
Gross operating margin9900€-21k€-8k▲
Operating profit (loss)9901€-23k€-10k▲
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€-28k€-15k▲
Income taxes67/77€668€575▼
Profit (loss) for the period9904€-28k€-15k▲
Profit (loss) for the period to be appropriated9905€-28k€-15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-93k€-109k▼
Profit (loss) brought forward from the previous period14P€-65k€-93k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €5k
Net result €5k after 4 loss-making years.
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 58 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-12
Financial
Weakest financial yearnet €-29k
Net result drops to €-29k, the lowest in the series; recovery starts the following year.
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 59 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 5.23
Current ratio from 2.12 to 5.23; short-term debt falls from €21k to €2k.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
26-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Braine-l'Alleud · 1 establishment unit since 1998
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.
Avenue Saint-Jacques 41420 Braine-l'AlleudGround area
1,320 m²
Building footprint
290 m²
Volume, LiDAR
3,847 m³
Parcel 25742H0324/00B000, Wallonia · tallest building 17.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Avenue Saint-Jacques 4, 1420 Braine-l'Alleud
since 19982.085.683.508
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25742H0324/00B000 | Wallonia | 1,319 m² | 1 · 290 m² | 17.9 m · 5 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.
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Hans & Kane
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Van Esbroeck Engineering
BE 0749.592.937
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JK Health Consultancy
BE 1009.186.218
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PHINVEST
BE 0558.946.365
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Of 82,570 companies in sector 70200 we hold annual accounts for 52,573. 21,460 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded27-02-1998
Fiscal year end31-12
Activities, NACEBEL
46190Agents in non-specialised wholesale trade
70200Business and other management consultancy
70220Business consulting
82990Other business support services
85599Other education
88999Other social work without accommodation
Sources
Crossroads Bank for EnterprisesNational Bank · 14 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.