Transfresh
ActiveSummary
The computed 12-month bankruptcy probability of Transfresh is 1.6% (moderate). The 2025 annual accounts show equity of €190k and a net result of €15k. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 43% of 1865 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+12
Solvency60▲+7
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity short (current ratio 0.92 against 0.79 in 2024; short-term debt: 53.4% and cash: 5% of total assets), and 65.2% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
34.8%
Return on assets
2.7%
Age of the figures
9 mo
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
51 d early
2023
33 d early
2022
17 d early
2021
34 d early
2020
44 d early
2019
29 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€190k▲ 8.3%
2024 · €175k
2018: €158k
2019: €145k▼ -8.3% vs 2018lowest in 8 years
2020: €170k▲ +17.7% vs 2019
2021: €212k▲ +24.9% vs 2020
2022: €215k▲ +1.3% vs 2021
2023: €219k▲ +1.6% vs 2022highest in 8 years
2024: €175k▼ -19.9% vs 2023
2025: €190k▲ +8.3% vs 2024
2018 → 2025
Total assets
€545k▼ 12.1%
2024 · €620k
2018: €417klowest in 8 years
2019: €537k▲ +28.8% vs 2018
2020: €466k▼ -13.2% vs 2019
2021: €730k▲ +56.8% vs 2020
2022: €1.02M▲ +39.1% vs 2021highest in 8 years
2023: €863k▼ -15.0% vs 2022
2024: €620k▼ -28.2% vs 2023
2025: €545k▼ -12.1% vs 2024
2018 → 2025
Net result
€15k
2024 · €-44k
2018: €2k
2019: €-13k▼ -819% vs 2018
2020: €26k▲ +296% vs 2019
2021: €42k▲ +65.1% vs 2020highest in 8 years
2022: €3k▼ -93.3% vs 2021
2023: €3k▲ +19.9% vs 2022
2024: €-44k▼ -1382% vs 2023lowest in 8 years
2025: €15k▲ +133% vs 2024
2018 → 2025
Working capital
€-23k▲ 56.7%
2024 · €-53k
2018: €30k
2019: €-9k▼ -129% vs 2018
2020: €44k▲ +592% vs 2019
2021: €56k▲ +28.4% vs 2020highest in 8 years
2022: €41k▼ -27.5% vs 2021
2023: €-19k▼ -148% vs 2022
2024: €-53k▼ -172% vs 2023lowest in 8 years
2025: €-23k▲ +56.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€212k-€215k▲ 1.3%€219k▲ 1.6%€175k▼ 19.9%€190k▲ 8.3%
2021: €212k
2022: €215k▲ +1.3% vs 2021
2023: €219k▲ +1.6% vs 2022highest in 5 years
2024: €175k▼ -19.9% vs 2023lowest in 5 years
2025: €190k▲ +8.3% vs 2024
Operating result€66k-€10k▼ 84.2%€22k▲ 109%€-31k€45k
2021: €66khighest in 5 years
2022: €10k▼ -84.2% vs 2021
2023: €22k▲ +109% vs 2022
2024: €-31k▼ -241% vs 2023lowest in 5 years
2025: €45k▲ +247% vs 2024
Net result€42k-€3k▼ 93.3%€3k▲ 19.9%€-44k€15k
2021: €42khighest in 5 years
2022: €3k▼ -93.3% vs 2021
2023: €3k▲ +19.9% vs 2022
2024: €-44k▼ -1382% vs 2023lowest in 5 years
2025: €15k▲ +133% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €45k after a loss of €31k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €545k
Fixed assets
€277k ▼ 33.6%
Current assets
€268k ▲ 32.2%
Equity and liabilities €545k
Equity
€190k ▲ 8.3%
Debt
€355k ▼ 20.1%
Debt's share of the balance-sheet total falls from 71.8% to 65.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€137k▲
2024 · €115k
Cash flow
€106k▲
2024 · €102k
Current ratio
0.92▲
2024 · 0.79
Debt to equity
1.87▼
2024 · 2.54
ROE
7.7%▲
2024 · -24.9%
ROA
2.7%▲
2024 · -7.0%
Interest coverage
14.09▲
2024 · 9.11
Debt ≤ 1 year
€291k▲
2024 · €256k
Debt > 1 year
€64k▼
2024 · €189k
Income taxes
€21k▲
2024 · €417
Staff costs
€335k▼
2024 · €390k
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 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€620k€545k▼
Fixed assets21/28€417k€277k▼
Tangible fixed assets22/27€416k€276k▼
Furniture and vehicles24€171k€91k▼
Leasing and similar rights25€245k€186k▼
Financial fixed assets28€675€675=
Current assets29/58€203k€268k▲
Amounts receivable within one year40/41€190k€237k▲
Trade receivables40€190k€237k▲
Cash at bank and in hand54/58€9k€27k▲
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€620k€545k▼
Equity10/15€175k€190k▲
Contributions10/11€62k€62k=
Reserves13€6k€6k=
Distributable reserves133€6k€6k=
Profit (loss) carried forward14€107k€122k▲
Amounts payable17/49€445k€355k▼
Amounts payable after more than one year17€189k€64k▼
Financial debts170/4€189k€64k▼
Amounts payable within one year42/48€256k€291k▲
Current portion of amounts payable after more than one year42€136k€95k▼
Trade debts44€54k€107k▲
Suppliers440/4€54k€107k▲
Taxes, remuneration and social security45€66k€89k▲
Taxes450/3€17k€46k▲
Remuneration and social security454/9€49k€43k▼
Income statement
Code20242025
Non-recurring operating income76A-€18k
Remuneration, social security and pensions62€390k€335k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€146k€92k▼
Other operating charges640/8€7k€7k▼
Gross operating margin9900€513k€479k▼
Operating profit (loss)9901€-31k€45k▲
Financial income75/76B-€3
Recurring financial income75-€3
Financial charges65/66B€13k€10k▼
Recurring financial charges65€13k€10k▼
Profit (loss) for the period before taxes9903€-43k€35k▲
Income taxes67/77€417€21k▲
Profit (loss) for the period9904€-44k€15k▲
Profit (loss) for the period to be appropriated9905€-44k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€107k€122k▲
Profit (loss) brought forward from the previous period14P€151k€107k▼
Social balance
Average headcount (FTE)90876.55.5▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €14k | €24k | €14k | - | €18k | - |
| Remuneration, social security and pensions62 | €363k | €364k | €383k | €390k | €335k | ▼ 14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €86k | €98k | €147k | €146k | €92k | ▼ 37.0% |
| Other operating charges640/8 | €7k | €6k | €6k | €7k | €7k | ▼ 3.8% |
| Gross operating margin9900 | €521k | €478k | €557k | €513k | €479k | ▼ 6.6% |
| Operating profit (loss)9901 | €66k | €10k | €22k | €-31k | €45k | ▲ 247% |
| Financial income75/76B | €303 | €21 | €22 | - | €3 | - |
| Recurring financial income75 | €303 | €21 | €22 | - | €3 | - |
| Financial charges65/66B | €5k | €7k | €17k | €13k | €10k | ▼ 23.3% |
| Recurring financial charges65 | €5k | €7k | €17k | €13k | €10k | ▼ 23.3% |
| Profit (loss) for the period before taxes9903 | €61k | €3k | €5k | €-43k | €35k | ▲ 181% |
| Income taxes67/77 | €19k | €308 | €2k | €417 | €21k | ▲ 4,818% |
| Profit (loss) for the period9904 | €42k | €3k | €3k | €-44k | €15k | ▲ 133% |
| Profit (loss) for the period to be appropriated9905 | €42k | €3k | €3k | €-44k | €15k | ▲ 133% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €730k | €1.02M | €863k | €620k | €545k | ▼ 12.1% |
| Fixed assets21/28 | €425k | €610k | €563k | €417k | €277k | ▼ 33.6% |
| Tangible fixed assets22/27 | €424k | €609k | €562k | €416k | €276k | ▼ 33.7% |
| Plant, machinery and equipment23 | €13k | €5k | €959 | - | - | - |
| Furniture and vehicles24 | €152k | €240k | €257k | €171k | €91k | ▼ 47.1% |
| Leasing and similar rights25 | €259k | €364k | €304k | €245k | €186k | ▼ 24.2% |
| Financial fixed assets28 | €945 | €945 | €675 | €675 | €675 | = |
| Current assets29/58 | €306k | €406k | €300k | €203k | €268k | ▲ 32.2% |
| Amounts receivable within one year40/41 | €295k | €320k | €277k | €190k | €237k | ▲ 24.7% |
| Trade receivables40 | €295k | €315k | €277k | €190k | €237k | ▲ 24.7% |
| Other amounts receivable41 | - | €5k | - | - | - | - |
| Cash at bank and in hand54/58 | €7k | €79k | €12k | €9k | €27k | ▲ 207% |
| Deferred charges and accrued income490/1 | €4k | €7k | €12k | €4k | €4k | ▲ 0.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €730k | €1.02M | €863k | €620k | €545k | ▼ 12.1% |
| Equity10/15 | €212k | €215k | €219k | €175k | €190k | ▲ 8.3% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €6k | €6k | €6k | €6k | €6k | = |
| Non-distributable reserves130/1 | €6k | €6k | - | - | - | - |
| Other1319 | €6k | €6k | - | - | - | - |
| Distributable reserves133 | - | - | €6k | €6k | €6k | = |
| Profit (loss) carried forward14 | €145k | €148k | €151k | €107k | €122k | ▲ 13.6% |
| Amounts payable17/49 | €518k | €801k | €644k | €445k | €355k | ▼ 20.1% |
| Amounts payable after more than one year17 | €268k | €436k | €325k | €189k | €64k | ▼ 66.0% |
| Financial debts170/4 | €268k | €436k | €325k | €189k | €64k | ▼ 66.0% |
| Amounts payable within one year42/48 | €250k | €365k | €320k | €256k | €291k | ▲ 13.8% |
| Current portion of amounts payable after more than one year42 | €100k | €146k | €159k | €136k | €95k | ▼ 29.8% |
| Trade debts44 | €64k | €155k | €85k | €54k | €107k | ▲ 97.6% |
| Suppliers440/4 | €64k | €155k | €85k | €54k | €107k | ▲ 97.6% |
| Taxes, remuneration and social security45 | €85k | €64k | €75k | €66k | €89k | ▲ 34.6% |
| Taxes450/3 | €31k | €12k | €19k | €17k | €46k | ▲ 176% |
| Remuneration and social security454/9 | €54k | €52k | €56k | €49k | €43k | ▼ 12.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42k | €3k | €3k | €-44k | €15k | ▲ 133% |
| + Depreciation and write-downs630 | €86k | €98k | €147k | €146k | €92k | ▼ 37.0% |
| Operating cash flow (approximation) | €128k | €101k | €150k | €102k | €106k | ▲ 4.2% |
| Investment in fixed assets (approximation) | - | €-283k | €-99k | €0 | €48k | - |
| Change in cash | - | €73k | €-68k | €-3k | €18k | ▲ 745% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-44k
Net result drops to €-44k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €42k ▲65.1%
Operating result €66k, net result €42k, both a record.
31-12
Financial
Equity above €200kEq €212k ▲24.9%
2 profitable years in a row build equity to €212k.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €26k
Net result €26k after one loss-making year.
31-12
Financial
Equity above €150kEq €170k ▲17.7%
Equity rises from €145k to €170k.
Show earlier events
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
09-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Mol · 3 establishment units since 2008
Ground area
3.8 ha
Building footprint
1.3 ha
Volume, LiDAR
69,390 m³
2 parcels, Flanders · tallest building 18.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
3 establishment units
Transfresh
since 20082.170.188.522
Transfresh
since 20142.230.071.867
Transfresh
since 20142.242.168.163
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13434F0213/00C000indicative | Flanders | 3.0 ha | 1 · 8,333 m² | 7.0 m · 2 fl. |
| 13434F0208/00F000 | Flanders | 8,240 m² | 1 · 4,614 m² | 18.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels 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
2023 to 2025 · 3 entries · 3,202 EUR awarded · 3,202 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 81 EUR | 81 EUR |
| 2024 | 1 | 121 EUR | 121 EUR |
| 2023 | 1 | 3,000 EUR | 3,000 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
3 sitesMol2.230.071.867
Mol2.170.188.522
Mol2.242.168.163
Similar companies · same sector, comparable size
APERS - VAN SCHOOTE
BE 0429.441.269
Beveren-Kruibeke-Zwijndrecht · Eq €189,931
GINO SALENS TRANSPORT
BE 0478.293.736
Jabbeke · Eq €189,366
THEO JANSSEN
BE 0462.679.508
Kinrooi · Eq €190,062
RBE TRANS
BE 0809.525.376
Gistel · Eq €190,135
TL&C
BE 0832.065.802
Pelt · Eq €189,143
Of 12,590 companies in sector 49410 we hold annual accounts for 8,199. 6,240 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
Founded15-04-2008
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
46391Wholesale trade
52100Warehousing and storage
52250Logistics services
64210Activities of holding companies
77120Rental and leasing activities
Scores and ratios are computed by Checked and are not a credit decision.