TRANSFORME - HOME
ActiveSummary
The computed 12-month bankruptcy probability of TRANSFORME - HOME is 2.3% (moderate). The 2025 annual accounts show negative equity (€-13k) and a net result of €-27k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 27965 sector peers (fiscal year 2025). The company has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-53
Solvency0▼-46
Growth32=
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.69 against 0.55 in 2024; short-term debt: 143.3% and cash: 4.5% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
-43.3%
Return on assets
-86%
Age of the figures
9 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 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-13k
neutral · Filed after the deadline
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. 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
3 d late
2024
on the day
2023
13 d late
2022
55 d early
2021
100 d late
2020
31 d late
2019
119 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Hiring this company for building work? Recognition, activities and what to check first.Contractor check Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2025, micro schema
Equity
€-13k
2024 · €13k
Total assets
€31k▼ 51.4%
2024 · €64k
Net result
€-27k
2024 · €6k
Working capital
€-14k▲ 40.8%
2024 · €-23k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-13k€-9k▲ 32.4%€15k€9k▼ 35.4%€-11k
Net result€-16k€-13k▲ 23.1%€10k€6k▼ 43.6%€-27k
Equity€10k▼ 63.1%€-3k€7k€13k▲ 79.5%€-13k
Total assets€97k▼ 17.2%€63k▼ 34.6%€82k▲ 29.0%€64k▼ 22.0%€31k▼ 51.4%
Debt€87k▼ 4.0%€66k▼ 23.9%€74k▲ 12.0%€50k▼ 32.1%€44k▼ 12.1%
Working capital€-49k▼ 65.2%€-51k▼ 5.1%€-29k▲ 42.4%€-23k▲ 22.2%€-14k▲ 40.8%
Staff (FTE)2▼ 20.0%1.2▼ 40.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €11k after €9k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €31k
Fixed assets
€149 ▼ 99.6%
Current assets
€31k ▲ 11.8%
Key figures and ratios
Solvency
-43.3%▼
2024 · 20.8%
Current ratio
0.69▲
2024 · 0.55
Debt to equity
-3.31▼
2024 · 3.82
ROA
-86.0%▼
2024 · 9.2%
Debt ≤ 1 year
€44k▼
2024 · €50k
Staff costs
€128
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €30k | €22k | €164 | - | €128 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €13k | €11k | €678 | - | - |
| Other operating charges640/8 | €3k | €3k | €5k | €4k | €1k | ▼ 64.5% |
| Non-recurring operating charges66A | - | - | - | - | €22k | - |
| Gross operating margin9900 | €33k | €29k | €31k | €14k | €13k | ▼ 4.5% |
| Operating profit (loss)9901 | €-13k | €-9k | €15k | €9k | €-11k | ▼ 213% |
| Financial income75/76B | €28 | - | €1 | €203 | €592 | ▲ 192% |
| Recurring financial income75 | €28 | - | €1 | €203 | €592 | ▲ 192% |
| Financial charges65/66B | €3k | €3k | €4k | €4k | €17k | ▲ 347% |
| Recurring financial charges65 | €3k | €3k | €4k | €4k | €3k | ▼ 17.5% |
| Non-recurring financial charges66B | - | - | - | - | €14k | - |
| Profit (loss) for the period before taxes9903 | €-16k | €-12k | €10k | €6k | €-27k | ▼ 555% |
| Income taxes67/77 | - | €547 | - | - | - | - |
| Profit (loss) for the period9904 | €-16k | €-13k | €10k | €6k | €-27k | ▼ 555% |
| Profit (loss) for the period to be appropriated9905 | €-16k | €-13k | €10k | €6k | €-27k | ▼ 555% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €97k | €63k | €82k | €64k | €31k | ▼ 51.4% |
| Fixed assets21/28 | €61k | €48k | €37k | €36k | €149 | ▼ 99.6% |
| Tangible fixed assets22/27 | €61k | €48k | €37k | €36k | - | - |
| Land and buildings22 | €51k | €43k | €37k | €36k | - | - |
| Furniture and vehicles24 | €10k | €5k | - | - | - | - |
| Financial fixed assets28 | €149 | €149 | €149 | €149 | €149 | = |
| Current assets29/58 | €36k | €15k | €45k | €28k | €31k | ▲ 11.8% |
| Amounts receivable within one year40/41 | €27k | €10k | €18k | €19k | €27k | ▲ 43.2% |
| Trade receivables40 | €24k | €9k | €14k | €11k | €11k | ▼ 3.8% |
| Other amounts receivable41 | €3k | €786 | €4k | €8k | €16k | ▲ 113% |
| Cash at bank and in hand54/58 | €8k | €3k | €22k | €6k | €1k | ▼ 77.6% |
| Deferred charges and accrued income490/1 | €2k | €3k | €4k | €3k | €3k | ▲ 1.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €97k | €63k | €82k | €64k | €31k | ▼ 51.4% |
| Equity10/15 | €10k | €-3k | €7k | €13k | €-13k | ▼ 201% |
| Contributions10/11 | €9k | €9k | €9k | €9k | €9k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-2k | €-14k | €-4k | €2k | €-25k | ▼ 1,298% |
| Amounts payable17/49 | €87k | €66k | €74k | €50k | €44k | ▼ 12.1% |
| Amounts payable after more than one year17 | €2k | - | - | - | - | - |
| Financial debts170/4 | €2k | - | - | - | - | - |
| Amounts payable within one year42/48 | €85k | €66k | €74k | €50k | €44k | ▼ 12.1% |
| Current portion of amounts payable after more than one year42 | €16k | €2k | - | - | - | - |
| Financial debts43 | €38k | €49k | €47k | €35k | €36k | ▲ 3.4% |
| Credit institutions430/8 | €38k | €49k | €47k | €35k | €36k | ▲ 3.4% |
| Trade debts44 | €16k | €6k | €27k | €16k | €9k | ▼ 45.7% |
| Suppliers440/4 | €16k | €6k | €27k | €16k | €9k | ▼ 45.7% |
| Taxes, remuneration and social security45 | - | - | - | €7 | - | - |
| Taxes450/3 | - | - | - | €7 | - | - |
| Other amounts payable47/48 | €15k | €9k | €84 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-16k | €-13k | €10k | €6k | €-27k | ▼ 555% |
| + Depreciation and write-downs630 | €13k | €13k | €11k | €678 | - | - |
| Operating cash flow (approximation) | €-4k | €-71 | €22k | €7k | €-27k | ▼ 507% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €36k | - |
| Change in cash | - | €-5k | €19k | €-16k | €-5k | ▲ 69.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
31-12
Financial
Weakest financial yearnet €-27k
Net result drops to €-27k, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
31-12
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 100 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
03-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 246 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 1996
Ground area
623 m²
Building footprint
320 m²
Volume, LiDAR
4,710 m³
Parcel 21815D0031/00R002, Brussels · tallest building 21.6 m, ±6 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Richard Neyberghlaan 152, 1020 Brussel
since 19962.079.744.138
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21815D0031/00R002 | Brussels | 623 m² | 1 · 320 m² | 21.6 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
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
DifferentHome
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BE 0806.920.729
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SKY HIGH
BE 1005.520.014
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LES ARTISANS DE LA RENOVATION
BE 0465.829.137
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MAKS Isolatie
BE 0697.995.073
Antwerpen · Eq €13,041
Of 4,270 companies in sector 43230 we hold annual accounts for 1,239. 774 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded05-12-1996
Fiscal year end31-12
Activities, NACEBEL 2025
43230Insulation installation
43341Painting of buildings
43350Other building finishing work
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.