TRANSFORMIT
ActiveSummary
TRANSFORMIT has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35k and a net result of €222k. Equity is shrinking by ~21.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 18% of 1901 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency36▼-4
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.12 against 0.91 in 2024; short-term debt: 88.7% and cash: 23.2% of total assets), and 88.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 63
Relative position
BE, all sectors
reference
Sector 63
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
11.3%
Return on assets
71%
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 1901 sector peers (2025).
NBB · sector comparisonPosition among 1901 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-02-2026, 168 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
168 d early
2024
on the day
2023
19 d early
2022
1 d early
2021
26 d early
2020
15 d early
2019
30 d early
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€35k▼ 44.5%
2024 · €63k
2019: €219k
2020: €219k
2021: €97k
2022: €321k
2023: €141k
2024: €63k
2019 → 2025
Total assets
€312k▼ 24.3%
2024 · €413k
2019: €255k
2020: €297k
2021: €335k
2022: €347k
2023: €420k
2024: €413k
2019 → 2025
Net result
€222k▼ 0.1%
2024 · €222k
2019: €67k
2020: €112k
2021: €217k
2022: €224k
2023: €174k
2024: €222k
2019 → 2025
Working capital
€34k
2024 · €-31k
2019: €135k
2020: €12k
2021: €57k
2022: €289k
2023: €37k
2024: €-31k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€97k-€321k▲ 230%€141k▼ 56.0%€63k▼ 55.2%€35k▼ 44.5%
Operating result€287k-€297k▲ 3.2%€229k▼ 22.7%€300k▲ 30.9%€306k▲ 2.1%
Net result€217k-€224k▲ 3.3%€174k▼ 22.1%€222k▲ 27.3%€222k▼ 0.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 2% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €312k
Fixed assets
€1k ▼ 98.6%
Current assets
€311k ▼ 2.2%
Equity and liabilities €312k
Equity
€35k ▼ 44.5%
Debt
€277k ▼ 20.6%
Debt's share of the balance-sheet total rises from 84.6% to 88.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€307k▼
2024 · €325k
Cash flow
€222k▼
2024 · €247k
Current ratio
1.12▲
2024 · 0.91
Debt to equity
7.88▲
2024 · 5.51
ROE
630.5%▲
2024 · 350.1%
ROA
71.0%▲
2024 · 53.8%
Interest coverage
70.57▼
2024 · 254.44
Debt ≤ 1 year
€277k▼
2024 · €349k
Income taxes
€80k▲
2024 · €78k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€413k€312k▼
Fixed assets21/28€95k€1k▼
Tangible fixed assets22/27€94k€1k▼
Plant, machinery and equipment23€62k€183▼
Furniture and vehicles24€32k€1k▼
Other tangible fixed assets26€773€0▼
Financial fixed assets28€107€107=
Current assets29/58€318k€311k▼
Amounts receivable within one year40/41€265k€231k▼
Trade receivables40€226k€224k▼
Other amounts receivable41€39k€6k▼
Cash at bank and in hand54/58€48k€73k▲
Deferred charges and accrued income490/1€5k€8k▲
Equity and liabilities
Total equity and liabilities10/49€413k€312k▼
Equity10/15€63k€35k▼
Contributions10/11€19k€19k=
Reserves13€45k€17k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€45k€17k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€349k€277k▼
Amounts payable within one year42/48€349k€277k▼
Trade debts44€12k€2k▼
Suppliers440/4€12k€2k▼
Taxes, remuneration and social security45€37k€24k▼
Taxes450/3€37k€24k▼
Other amounts payable47/48€300k€251k▼
Income statement
Code20242025
Non-recurring operating income76A-€54k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€606▼
Other operating charges640/8€882€22k▲
Non-recurring operating charges66A-€19k
Gross operating margin9900€326k€348k▲
Operating profit (loss)9901€300k€306k▲
Financial income75/76B€1k€0▼
Recurring financial income75€1k€0▼
Financial charges65/66B€1k€4k▲
Recurring financial charges65€1k€4k▲
Profit (loss) for the period before taxes9903€300k€302k▲
Income taxes67/77€78k€80k▲
Profit (loss) for the period9904€222k€222k▼
Profit (loss) for the period to be appropriated9905€222k€222k▼
Appropriation of the result
Profit (loss) to be appropriated9906€343k€222k▼
Profit (loss) brought forward from the previous period14P€121k€0▼
Transfer from equity791/2-€28k
Transfer to equity691/2€43k€0▼
To other reserves6921€43k€0▼
Profit to be distributed694/7€300k€250k▼
Return on contributions (dividend)694€300k€250k▼
Directors or managers695€0-
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2019net €224k ▲3.3%
Net result €224k, the highest in the series.
31-12
Financial
Liquidity times 10current ratio 12.43
Current ratio from 1.21 to 12.43; short-term debt falls from €277k to €25k.
31-12
Financial
Equity above €200kEq €321k ▲230%
4 profitable years in a row build equity to €321k.
2021
05-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
16-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
21-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Halle · 1 establishment unit since 2013
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.
Kerkstraat 81501 HalleGround area
231 m²
Building footprint
114 m²
Volume, LiDAR
1,071 m³
Parcel 23013B0060/00M004, Flanders · tallest building 13.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Transformit
since 20132.222.700.857
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23013B0060/00M004 | Flanders | 231 m² | 1 · 114 m² | 13.4 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 1,779 EUR awarded · 1,779 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,779 EUR | 1,779 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 3,152 companies in sector 63920 we hold annual accounts for 1,523. 1,190 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-09-2013
Fiscal year end31-12
Activities, NACEBEL 2025
63920Other information service activities
82100Office administrative and support services
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0495514712