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Transformics

Active
Public limited companyfounded 201510 yrs activeDiestersesteenweg 56, 3583 Beringen, BelgiumKBO/BCE: BE 0644.969.925
Summary

Transformics has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€651,688) and a net result of -€2.2m. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 12% of 844 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Risk analysisWatch ReportCompare
TransformicsActiveChecked score 54/100
Risk analysis ReportCompare

Overview

Activity
Public relations and communication consultancy
NACE 73300NACE 70210General cleaning of buildings NACE 81210
#1 employer in Belgium, Professional and technical services sector77 sites
Size
€264.2mturnover 2025
Staff
7,231 FTE
Equity
-€651,688
Loss
-€2.2m
Financial health
54 Fair Checked score 2025
Bankruptcy chance 12 m
0.6%
Structure
Parent
STELLAR · 97.61%
Holdings
2
Accounts filed 31 d late0 of 13 deeds read
Why 54Capped at 59: negative equity- Negative equity -€651,688- Loss of €2.2m (FY 2025)- Latest accounts 31 days late; 1 of the last 3 late+ Size: turnover €264.2m, 7,231 FTE, total assets €59.2mShow the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 32% of its sector peers (all companies)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 24-4
equity -1.1% of total assets
Liquidity 45+10
short-term debt 101.1% · cash 36.0%
Profitability 25-60
return on assets -3.7%
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (27 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● 0.0% vs 11-2024 01-2025: 0.1%● 0.0% vs 12-2024 02-2025: 0.1%▼ -4.1% vs 01-2025 03-2025: 0.1%● 0.0% vs 02-2025 04-2025: 0.1%● 0.0% vs 03-2025 05-2025: 0.1%▲ +1.7% vs 04-2025 06-2025: 0.1%▲ +5.8% vs 05-2025 07-2025: 0.2%▲ +18.9% vs 06-2025 08-2025: 0.1%▼ -18.5% vs 07-2025 09-2025: 0.1%● 0.0% vs 08-2025 10-2025: 0.1%● 0.0% vs 09-2025 11-2025: 0.1%● 0.0% vs 10-2025 12-2025: 0.1%● 0.0% vs 11-2025 01-2026: 0.1%● 0.0% vs 12-2025 02-2026: 0.1%▼ -4.1% vs 01-2026 03-2026: 0.1%● 0.0% vs 02-2026 04-2026: 0.1%▼ -1.7% vs 03-2026lowest value 05-2026: 0.1%▲ +0.9% vs 04-2026 06-2026: 0.1%▲ +4.3% vs 05-2026 07-2026: 0.1%▲ +7.4% vs 06-2026 08-2026: 0.2%▲ +84.0% vs 07-2026 09-2026: 0.6%▲ +168% vs 08-2026highest value 10-2026: 0.6%● 0.0% vs 09-2026highest value
  • Negative equity -€651,688 raises the probability
  • Size: turnover €264.2m, 7,231 FTE, total assets €59.2m lowers the probability for this profile
  • Loss of €2.2m (FY 2025) raises the probability
  • Latest accounts 31 days late; 1 of the last 3 late raises the probability
No credit on open account
Liquidity short (current ratio 0.7 against 0.6 in 2024; short-term debt: 101.1% and cash: 36% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (all companies). Better than this share of them on solvency 10%, liquidity 51%, profitability 18%, growth against the median 49%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity -€651,688
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Size: turnover €264.2m, 7,231 FTE, total assets €59.2m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Loss of €2.2m (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Latest accounts 31 days late; 1 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€651,688
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
31 d late
2024
1 d early
2023
1 d early
2022
3 d early
2021
5 d early
2020
2 d early
2019
1 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 3 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.

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. Usually files around 30 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
05-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Other statement · Board ruleRepresentation rule · Fiscal year
  3. Weakest financial yearnet -€2.2m

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€651,688 View
  • Caution: From profit to loss in 2025after €13.0m in 2024 -€2.2m View
  • Caution: Among the weakest 5% on net resultsector median €32,840 · 845 companies -€2.2m View
  • Positive: 5 years of growth in a rowturnover 2025: €264.2m 5 years View
  • Flemish supportawarded 2022 - 2025 €447.5m View
  • Controlled by STELLARitself parent of 2 companies 97.61% View

By topic

Financials

Fiscal year
2025
Turnover
€264.2m
Loss
-€2.2m
Solvency
-1.1%
Turnover▲ 46.2%
Net result
20202025
Go to Financials

Timeline

Events
14
Since
2017
Next accounts
by 31-07-2027
  1. 31-08-2026Annual accounts filed
  2. 02-06-2026Other statement · Board rule
  3. 31-12-2025Weakest financial year
Go to Timeline

Company details

Sites
77
Legal form
Public limited company
Activity
Public relations and communication consultancyNACE 73300
Founded
30-12-2015
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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