Equity
-€13,395
Debts exceed assets in financial year 2025.
TRANSFORME - HOME
Lifetime
19 annual accounts with figures on one time axis, 29 filings since 1997peak €155,639 (2008)
€13,346▼ 4.5%
lowest -€40,260 (2014)
-€26,609▼ €32,462
peak €40,010 (2008)
-€13,395▼ €26,609
€44,327▼ 12.1%
peak 5.3 FTE (2013)
-not published
Board2 names since 2021
2 directorsEtienne Dominique and 1 other
Documentsfilings and deeds
03-08-20263 days late
2025micro format
Loss of €26,609Equity from €13,214 to -€13,395Cash from €6,239 to €1,397
Key points
from the 2025 annual accountsDebts
€44,327 143% of the balance sheet
Financial debts 80%Suppliers 20%
Position in the sector
-43.3%
Lower solvency than 95% of companies in specialised construction. Sector median 46.7% · 35,136 companies.
2025 accounts filed 3 days after the deadline
Checked score
51
Fair
Financially stronger than 3% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.7%▲ +0.1 percentage points vs 06-2025
08-2025: 0.5%▼ -0.2 percentage points vs 07-2025lowest value
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.6%▲ +0.1 percentage points vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 1.3%▲ +0.7 percentage points vs 07-2026
09-2026: 1.9%▲ +0.6 percentage points vs 08-2026highest value
10-2026: 1.9%● unchanged vs 09-2026highest value
11-2026: 1.9%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Loss of €26,609 (financial year 2025)
Negative equity -€13,395
Sector: Specialised construction activities (NACE 43)
lowers risk
Size: total assets €30,933
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 43, micro). It does better than 3% of them on solvency, 4% on liquidity, 4% on profitability and 2% 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 moderate class on 30-06-2025, 2.4% 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, 6,619 companies had the same profile as TRANSFORME - HOME has now. Each dot stands for 17 companies, two years later.
84.5%
were still trading
10.0%
stopped another way
4.5%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TRANSFORME - HOME itself: 1.9% 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 6,619 companies, not a prediction for TRANSFORME - HOME. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.69 (0.55 in 2024), below 1. Short-term debt is 143.3% and cash 4.5% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€13,395
raises risk · 2025 accounts filed 3 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 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 · 10 filingsDeviation from the deadline
2025
3 days late
2024
on the day
2023
13 days late
2022
55 days early
2021
100 days late
2020
31 days late
2019
119 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 30 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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 3 August (4 of the last 5 accounts filed within 58 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 0208:0459371511
First establishment
Richard Neyberghlaan 152, Brussels
Incorporation
published on 14-12-1996 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TRANSFORME - HOME Brussels | €30,933 | €13,346 | -43.3% | - |
| Entreprises Sadzawka Auderghem | €37,318 | €10,575 | 89.0% | - |
| PVD TECHNICS Ittre | €36,884 | €12,031 | 27.5% | - |
| BATI - TOIT Yvoir | €27,683 | €12,702 | -178.7% | - |
| BIZET G. Soignies | €20,916 | €14,596 | 6.1% | - |
| OBM Projects Wasseiges | €49,811 | €9,939 | -97.8% | - |
| Schür Isolatietechniek België Stabroek | €18,753 | €9,648 | 87.1% | - |
These companies have the same main activity as TRANSFORME - HOME: insulation installation (NACE 43230). They are comparable in size and age: total assets between €18,800 and €49,800, founded between 1988 and 2002.
Official details
Source: KBO- Status
- Active since 05-12-1996Normal situation
- Activity
- Insulation installationNACE 43230and 3 others
- Joint committee
- 124Construction · annual accounts 2025
- Establishment unit
- 2.079.744.1381020 Brussels, since 31-12-1996
- Financial year end
- 31 December
- Peppol
- Reachable since 30-10-2023
Annual accounts 2025
- ≈ €130,000estimated
- €30,933▼ 51.4%
- ≈ 0 FTEestimated
- Filing
- Filed on 03-08-2026
Insights on TRANSFORME - HOME
TRANSFORME - HOME files the micro format. That format states no turnover. The gross margin fell from €90,317 in 2007 to €13,346 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 TRANSFORME - HOME
- What is the company number of TRANSFORME - HOME?
- The company number of TRANSFORME - HOME is 0459.371.511. The VAT number is the same number with BE in front: BE 0459.371.511.
- Where is TRANSFORME - HOME based?
- The registered office is at Richard Neyberghlaan 152, 1020 Brussels.Company details
- What does TRANSFORME - HOME do?
- According to the KBO register, the main activity is insulation installation (NACE 43230).
- What is the legal form of TRANSFORME - HOME?
- TRANSFORME - HOME is a private limited company (pre-2019) (BVBA).
- When was TRANSFORME - HOME founded?
- TRANSFORME - HOME was founded on 05-12-1996.
- Is TRANSFORME - HOME still active?
- Yes, TRANSFORME - HOME is an active enterprise in the KBO register.
- How many employees does TRANSFORME - HOME have?
- TRANSFORME - HOME had an average of 1.2 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
- Which joint committee does TRANSFORME - HOME fall under?
- In its 2025 annual accounts, TRANSFORME - HOME states joint committee 124 (Construction).
- What is the turnover of TRANSFORME - HOME?
- The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €13,346 and 32 comparable companies (NACE 43230). It probably lies between €71,000 and €290,000. It is a rough estimate.
- Is TRANSFORME - HOME profitable?
- In financial year 2025, TRANSFORME - HOME made a loss of €26,609.
- Where can I find the annual accounts of TRANSFORME - HOME?
- TRANSFORME - HOME filed 29 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TRANSFORME - HOME due?
- TRANSFORME - HOME must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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