Summary
TransFusion has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €120,021. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 65% of 3572 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
No current score
Insufficient figures
A score requires measurable solvency, liquidity and profitability. Missing figures are not a judgement about the company.
Axes · tick = 2024
Profitability-
Solvency91▼-9
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer 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
66.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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
30 d late
2024
181 d late
2023
76 d late
2022
32 d late
2021
31 d late
2020
31 d late
2019
28 d late
← 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 58 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% 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 1 September (4 of the last 5 filed years within 45 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€169,291
2023 · -€769
Working capital
€115,108▼ 31.2%
2024 · €167,422
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€25,659▲ 140%€15,678▼ 38.9%-€278€169,291
Net result€11,282within the sector's middle half▲ 227%€7,340within the sector's middle half▼ 34.9%-€769within the sector's middle half€169,291above the sector's middle half
Equity€146,991within the sector's middle half▲ 7.1%€154,331within the sector's middle half▲ 5.0%-€769below the sector's middle half€168,827above the sector's middle half€120,021above the sector's middle half▼ 28.9%
Total assets€197,084within the sector's middle half▲ 1.3%€174,127within the sector's middle half▼ 11.6%€68,303within the sector's middle half▼ 60.8%€220,856within the sector's middle half▲ 223%€181,209within the sector's middle half▼ 18.0%
Debt€50,093▼ 12.4%€19,796▼ 60.5%€65,835▲ 233%€52,029▼ 21.0%€61,188▲ 17.6%
Working capital€109,959within the sector's middle half▼ 3.9%€117,769within the sector's middle half▲ 7.1%€2,467within the sector's middle half▼ 97.9%€167,422above the sector's middle half▲ 6,686%€115,108above the sector's middle half▼ 31.2%
Solvency74.6%above the sector's middle half▲ 4.0pp88.6%above the sector's middle half▲ 14.0pp-1.1%below the sector's middle half▼ 89.8pp76.4%above the sector's middle half▲ 77.6pp66.2%within the sector's middle half▼ 10.2pp
Current ratio3.50within the sector's middle half▼ 1.176.95above the sector's middle half▲ 3.451.04within the sector's middle half▼ 5.914.22above the sector's middle half▲ 3.184.20above the sector's middle half▼ 0.02
Return on assets (ROA)5.7%within the sector's middle half▲ 4.0pp4.2%within the sector's middle half▼ 1.5pp-1.1%below the sector's middle half▼ 5.3pp76.7%above the sector's middle half▲ 77.8pp
above
within
below
the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €169,291 after a loss of €278 in 2023, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €181,209
Fixed assets
€30,099 ▲ 2,044%
Current assets
€151,109 ▼ 31.1%
Equity and liabilities €181,209
Equity
€120,021 ▼ 28.9%
Debt
€61,188 ▲ 17.6%
Debt's share of the balance-sheet total rises from 23.6% to 33.8%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
0.51▲
2024 · 0.31
Debt ≤ 1 year
€36,001▼
2024 · €52,029
Debt > 1 year
€25,187
Staff costs
€2,979▲
2024 · €9
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 | €3,467 | €3,651 | €1,974 | €9 | €2,979 | ▲ 34,616% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,880 | €9,934 | - | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €4,086 | - |
| Other operating charges640/8 | €494 | €478 | €509 | €125 | €512 | ▲ 310% |
| Non-recurring operating charges66A | €1,432 | - | - | - | €19,446 | - |
| Gross operating margin9900 | €42,932 | €29,740 | €2,206 | €169,424 | €27,022 | ▼ 84.1% |
| Operating profit (loss)9901 | €25,659 | €15,678 | -€278 | €169,291 | - | - |
| Financial income75/76B | €138 | €1,021 | - | - | - | - |
| Recurring financial income75 | €138 | €1,021 | - | - | - | - |
| Financial charges65/66B | €1,000 | €1,518 | €492 | - | - | - |
| Recurring financial charges65 | €1,000 | €1,518 | €492 | - | - | - |
| Profit (loss) for the period before taxes9903 | €24,798 | €15,181 | -€769 | €169,291 | - | - |
| Income taxes67/77 | €13,515 | €7,841 | - | - | - | - |
| Profit (loss) for the period9904 | €11,282 | €7,340 | -€769 | €169,291 | - | - |
| Profit (loss) for the period to be appropriated9905 | €11,282 | €7,340 | -€769 | €169,291 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €197,084 | €174,127 | €68,303 | €220,856 | €181,209 | ▼ 18.0% |
| Fixed assets21/28 | €43,134 | €36,562 | - | €1,404 | €30,099 | ▲ 2,044% |
| Tangible fixed assets22/27 | €24,534 | €17,962 | - | €1,404 | €11,499 | ▲ 719% |
| Furniture and vehicles24 | €10,958 | €6,397 | - | €1,404 | €3,805 | ▲ 171% |
| Other tangible fixed assets26 | €13,575 | €11,565 | - | - | €7,695 | - |
| Financial fixed assets28 | €18,600 | €18,600 | - | - | €18,600 | - |
| Current assets29/58 | €153,950 | €137,565 | €68,303 | €219,452 | €151,109 | ▼ 31.1% |
| Amounts receivable after more than one year29 | €41,461 | €18,926 | €1,216 | - | €10,615 | - |
| Other amounts receivable291 | €41,461 | €18,926 | €1,216 | - | €10,615 | - |
| Amounts receivable within one year40/41 | €70,633 | €81,378 | €41,294 | €217,360 | €109,336 | ▼ 49.7% |
| Trade receivables40 | €44,645 | €53,105 | €28,215 | €214,790 | €56,983 | ▼ 73.5% |
| Other amounts receivable41 | €25,987 | €28,273 | €13,079 | €2,570 | €52,353 | ▲ 1,937% |
| Current investments50/53 | - | - | €25,527 | €2,000 | - | - |
| Cash at bank and in hand54/58 | €41,697 | €37,018 | - | - | €31,066 | - |
| Deferred charges and accrued income490/1 | €161 | €244 | €266 | €92 | €92 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €197,084 | €174,127 | €68,303 | €220,856 | €181,209 | ▼ 18.0% |
| Equity10/15 | €146,991 | €154,331 | -€769 | €168,827 | €120,021 | ▼ 28.9% |
| Contributions10/11 | €18,600 | €18,600 | - | - | €18,600 | - |
| Reserves13 | €52,898 | €60,238 | - | - | €66,902 | - |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | €1,860 | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | €1,860 | - |
| Distributable reserves133 | €51,038 | €58,378 | - | - | €65,042 | - |
| Profit (loss) carried forward14 | €75,493 | €75,493 | -€769 | €168,827 | €34,519 | ▼ 79.6% |
| Provisions and deferred taxes16 | - | - | €3,237 | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | €3,237 | - | - | - |
| Pensions and similar obligations160 | - | - | €3,237 | - | - | - |
| Amounts payable17/49 | €50,093 | €19,796 | €65,835 | €52,029 | €61,188 | ▲ 17.6% |
| Amounts payable after more than one year17 | €5,649 | - | - | - | €25,187 | - |
| Financial debts170/4 | €5,649 | - | - | - | €25,187 | - |
| Amounts payable within one year42/48 | €43,992 | €19,796 | €65,835 | €52,029 | €36,001 | ▼ 30.8% |
| Current portion of amounts payable after more than one year42 | €11,501 | €5,649 | - | - | €14,850 | - |
| Trade debts44 | €5,006 | €8,370 | €64,551 | €37,067 | €18,593 | ▼ 49.8% |
| Suppliers440/4 | €5,006 | €8,370 | €64,551 | €37,067 | €18,593 | ▼ 49.8% |
| Taxes, remuneration and social security45 | €4,289 | €4,867 | €1,284 | €14,962 | €2,152 | ▼ 85.6% |
| Taxes450/3 | €4,289 | €4,867 | €1,284 | €14,962 | €1,186 | ▼ 92.1% |
| Remuneration and social security454/9 | - | - | - | - | €966 | - |
| Other amounts payable47/48 | €23,196 | €911 | - | - | €406 | - |
| Accrued charges and deferred income492/3 | €453 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,282 | €7,340 | -€769 | €169,291 | - | - |
| + Depreciation and write-downs630 | €11,880 | €9,934 | - | - | - | - |
| Operating cash flow (approximation) | €23,163 | €17,273 | -€769 | €169,291 | - | - |
| Investment in fixed assets (approximation) | - | -€3,362 | - | - | -€28,695 | - |
| Change in cash | - | -€4,679 | - | - | - | - |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
28-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 181 days late
2024
31-12
Financial
Back to profitnet €169,291
Net result €169,291 after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 4.22
Current ratio from 1.04 to 4.22; short-term debt falls from €65,835 to €52,029.
31-12
Financial
Equity above €150,000Eq €168,827
Equity rises from -€769 to €168,827.
15-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 76 days late
2023
31-12
Financial
Weakest financial yearnet -€769
Net result drops to -€769, the lowest in the series; recovery starts the following year.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 32 days late
2022
31-12
Financial
Equity above €150,000Eq €154,331 ▲5%
5 profitable years in a row build equity to €154,331.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
Show earlier events
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-06
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 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Vilvoorde · 1 establishment unit since 2010
Ground area
480 m²
Building footprint
135 m²
Volume, LiDAR
1,305 m³
Parcel 23643G0451/00T002, Flanders · tallest building 14.1 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
TransFusion
since 20102.190.347.892
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23643G0451/00T002 | Flanders | 480 m² | 1 · 135 m² | 14.1 m · 4 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2021 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2021 annual accounts of TransFusion and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded27-07-2010
Fiscal year end31-12
Activities, NACEBEL 2025
74301Translation services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0828074449
Also
9925:BE0828074449
Registered
24-01-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.