TRANSFOSAC
ActiveSummary
TRANSFOSAC has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €214k and a net result of €-17k. Equity is shrinking by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 45% of 73 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability15▼-28
Solvency67▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 1.7 against 1.64 in 2024; short-term debt: 57.3% and cash: 7% of total assets), but 57.8% of the assets are financed with debt.
Credit advice 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 · 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 17
Relative position
BE, all sectors
reference
Sector 17
higher
← fewer bankruptcies
more bankruptcies →
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
51 d late
2023
28 d late
2022
36 d early
2021
58 d late
2020
185 d late
2019
231 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-17k
2024 · €98
2018: €13k
2019: €-8k
2020: €7k
2021: €3k
2022: €-47k
2023: €3k
2024: €98
2018 → 2025
Working capital
€204k▼ 3.8%
2024 · €212k
2018: €251k
2019: €240k
2020: €244k
2021: €245k
2022: €189k
2023: €199k
2024: €212k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€274k-€227k▼ 17.2%€230k▲ 1.5%€230k=€214k▼ 7.2%
Operating result€5k-€-51k€-352▲ 99.3%€6k€-20k
Net result€3k-€-47k€3k€98▼ 97.0%€-17k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €20k after €6k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €506k
Fixed assets
€13k ▼ 32.6%
Current assets
€493k ▼ 9.2%
Equity and liabilities €506k
Equity
€214k ▼ 7.2%
Debt
€292k ▼ 11.9%
Debt's share of the balance-sheet total falls from 59.0% to 57.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-8k▼
2024 · €18k
Cash flow
€-4k▼
2024 · €13k
Current ratio
1.70▲
2024 · 1.64
Quick ratio
0.44▲
2024 · 0.30
Debt to equity
1.37▼
2024 · 1.44
ROE
-7.8%▼
2024 · 0.0%
ROA
-3.3%▼
2024 · 0.0%
Interest coverage
-1.87▼
2024 · 2.91
Debt ≤ 1 year
€290k▼
2024 · €332k
Income taxes
€81
Staff costs
€154k▼
2024 · €228k
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€562k€506k▼
Fixed assets21/28€19k€13k▼
Tangible fixed assets22/27€19k€13k▼
Plant, machinery and equipment23€19k€13k▼
Current assets29/58€543k€493k▼
Stocks and contracts in progress3€443k€365k▼
Stocks30/36€443k€365k▼
Amounts receivable within one year40/41€78k€93k▲
Trade receivables40€76k€93k▲
Other amounts receivable41€2k-
Cash at bank and in hand54/58€22k€35k▲
Equity and liabilities
Total equity and liabilities10/49€562k€506k▼
Equity10/15€230k€214k▼
Contributions10/11€216k€216k=
Capital10€216k€216k=
Issued capital100€216k€216k=
Reserves13€22k€22k=
Non-distributable reserves130/1€22k€22k=
Legal reserve130€22k€22k=
Profit (loss) carried forward14€-8k€-24k▼
Amounts payable17/49€332k€292k▼
Amounts payable within one year42/48€332k€290k▼
Current portion of amounts payable after more than one year42-€10k
Financial debts43€100k-
Credit institutions430/8€100k-
Trade debts44€158k€212k▲
Suppliers440/4€158k€212k▲
Taxes, remuneration and social security45€24k€18k▼
Taxes450/3-€4k
Remuneration and social security454/9€24k€13k▼
Other amounts payable47/48€49k€50k▲
Accrued charges and deferred income492/3-€3k
Income statement
Code20242025
Non-recurring operating income76A-€6k
Remuneration, social security and pensions62€228k€154k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k=
Other operating charges640/8€2k€20k▲
Gross operating margin9900€249k€167k▼
Operating profit (loss)9901€6k€-20k▼
Financial income75/76B€769€8k▲
Recurring financial income75€769€8k▲
Financial charges65/66B€6k€4k▼
Recurring financial charges65€6k€4k▼
Profit (loss) for the period before taxes9903€98€-17k▼
Income taxes67/77-€81
Profit (loss) for the period9904€98€-17k▼
Profit (loss) for the period to be appropriated9905€98€-17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€-24k▼
Profit (loss) brought forward from the previous period14P€-8k€-8k▲
Social balance
Average headcount (FTE)90874.74.0▼
The notes to these accounts (5 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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
20-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 51 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
25-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-47k ▼1561%
Net result drops to €-47k, the lowest in the series; recovery starts the following year.
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 58 days late
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 185 days late
2021
19-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 231 days late
2020
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Soignies · 1 establishment unit since 1991
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.
Chemin de la Guelenne 647060 SoigniesGround area
6,313 m²
Building footprint
2,525 m²
Volume, LiDAR
14,943 m³
Parcel 55040A0192/00E000, Wallonia · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TRANSFOSAC
since 19912.053.094.377
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55040A0192/00E000 | Wallonia | 6,313 m² | 1 · 2,525 m² | 7.5 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSoignies2.053.094.377
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Of 133 companies in sector 17250 we hold annual accounts for 94. 53 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 formPublic limited company
Founded21-05-1991
Fiscal year end31-12
Activities, NACEBEL 2025
17210Manufacture of paper and paper products
17250Manufacture of paper and paper products
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.