Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Of this, €33,737 falls due within a year.
Less equity than 91% of companies in construction of buildings. Sector median €45,638 · 9,474 companies.
In July 2024, 7,639 companies had the same profile as TRANSFORME has now. Each dot stands for 20 companies, two years later.
Another 0.8% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 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 7,639 companies, not a prediction for TRANSFORME. 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.
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.
| Company | ||||
|---|---|---|---|---|
| TRANSFORME Liège | €63,721 | €16,231 | -11.9% | - |
| VIOLA & MOULRON Awans | €61,889 | €20,056 | 48.8% | - |
| ENTREPRISE MARSALA Geer | €60,460 | €19,834 | 48.0% | - |
| ALGEMENE BOUWWERKEN STAELEN Poperinge | €62,612 | €16,702 | 33.0% | - |
| LA MAISON COCON Tournai | €67,405 | €14,968 | 32.2% | - |
| HP-Building Wevelgem | €64,641 | €14,831 | 31.6% | - |
| Awesin Beersel | €69,788 | €16,432 | 3.1% | - |
These companies have the same main activity as TRANSFORME: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €60,500 and €69,800, founded between 2023 and 2024.
The 2025 annual accounts show negative equity (-€7,589) and a net result of -€10,589. Its solvency ranks better than 9% of 9,471 sector peers (NACE 41, financial year 2025).
The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €200,000. Estimated: probably between €100,000 and €350,000.
Higher than 9% of 9,471 companies in 2025.
Higher than 37% of 9,219 companies in 2025.
Higher than 10% of 9,291 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
63,721 | |
21/28 |
19,210 | |
21 |
3,209 | |
22/27 |
16,001 | |
23 |
4,653 | |
24 |
7,564 | |
26 |
3,784 | |
29/58 |
44,511 | |
3 |
10,000 | |
37 |
10,000 | |
40/41 |
9,299 | |
40 |
9,153 | |
41 |
146 | |
54/58 |
22,356 | |
490/1 |
2,856 | |
| Balance sheet: equity and liabilities | ||
10/49 |
63,721 | |
10/15 |
-7,589 | |
10/11 |
3,000 | |
14 |
-10,589 | |
16 |
10,000 | |
160/5 |
10,000 | |
164/5 |
10,000 | |
17/49 |
61,310 | |
17 |
27,572 | |
178/9 |
27,572 | |
42/48 |
33,737 | |
44 |
29,968 | |
440/4 |
29,968 | |
45 |
3,769 | |
450/3 |
2,469 | |
454/9 |
1,300 | |
| Income statement | ||
9900 |
16,231 | |
630 |
16,168 | |
631/4 |
10,000 | |
640/8 |
1,109 | |
9901 |
-11,047 | |
75/76B |
577 | |
75 |
577 | |
65/66B |
119 | |
65 |
119 | |
9903 |
-10,589 | |
9904 |
-10,589 | |
9905 |
-10,589 | |
| Appropriation of the result | ||
9906 |
-10,589 | |
| Document | ||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 18-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 18-06-2026 | 2026-00171845 |
| Line | Trend | 2025 |
|---|---|---|
| 5,122 | ||
| 5,579 | ||
| 35,378 | ||
| 10,774 | ||
| -11.9% | ||
| 1.32 | ||
| 1.02 | ||
| -16.6% | ||
| 43.12 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 |
|---|---|
| Tangible fixed assets | €31,378 |
| Intangible fixed assets | €4,000 |
| €16,168 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Equity is negative. Debt (€61,310) exceeds the balance-sheet total (€63,721).
TRANSFORME has no parent and no holdings in its annual accounts. is the only director. TRANSFORME shares no director with another company.
| Bressard, Justine (sole trader)
establishment since 01-10-2013 |
founded in 2013 0539.936.939 |
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Thier de la Chartreuse 9 registered office 4020 Liège | 12-03-2024 | 2.357.109.205 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 62807A1232/00W003 | 148 m² | 1 · 46 m² | 12.1 m · 4 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1007.055.087
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