Equity
€1.3m ▲ 2.1%
TRANSGIRANA has made a profit in every financial year since 2006.
TRANSGIRANA
Lifetime
20 annual accounts with figures on one time axis, 28 filings since 1998peak €3.1m (2023)
-not published
peak €241,254 (2009)
€28,024▼ 62.4%
peak €1.3m (2025)
€1.3m▲ 2.1%
€1.0m▲ 12.7%
peak 21.2 FTE (2013)
20.2 FTE▲ 5.8%
Board2 names since 2021
2 directorsCNOCKAERT CONSTRUCT and 1 other
Owners2 names in the annual accounts
Documentsfilings and deeds
16-07-202615 days before the deadline
2025financial year
Result from €74,623 to €28,0242 directors reappointed 14-01Cash from €52,548 to €89,348
Key points
from the 2025 annual accountsChecked score
70
Healthy
Financially stronger than 50% of small companies in land transport (NACE 49)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 1,181 companies (NACE 49, small).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.7%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.6%▼ -0.1 percentage points vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026lowest value
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 0.6%● unchanged vs 07-2026
09-2026: 0.6%● unchanged vs 08-2026
10-2026: 0.6%● unchanged vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Land transport and transport via pipelines (NACE 49)
1 of the last 3 accounts late
lowers risk
Founded in 1998
Equity €1.3m (56.3% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, small). It does better than 73% of them on solvency, 50% on liquidity, 39% on profitability and 38% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 14,766 companies had the same profile as TRANSGIRANA has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TRANSGIRANA itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,766 companies, not a prediction for TRANSGIRANA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €90,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.08 (1.71 in 2024), above the usual 1.5. Short-term debt is 24.6% and cash 3.8% of total assets. 43.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 days early
2024
13 days early
2023
42 days late
2022
35 days early
2021
20 days early
2020
31 days early
2019
14 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 12 days before the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 16 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- CNOCKAERT CONSTRUCT 100%equity €12.9m (2025) · 2025 annual accounts of CNOCKAERT CONSTRUCT
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0464098973
2 directors reappointed
Cnockaert Construct BV (managing director and chair of the board) and Vossaco BV · Permanent representatives: Cnockaert Frank and Combes Caroline · General meeting of 11-07-2024 · Gazette deed
Incorporation
published on 19-09-1998 · Gazette deed
First establishment
Kruisekestraat 212, Wervik
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TRANSGIRANA Wervik | €2.4m | €1.8m | 56.3% | 20.2 |
| CARIMO Middelkerke | €2.2m | €1.6m | 39.3% | 16.8 |
| AFFLITRANS Affligem | €2.5m | €1.6m | 33.2% | 19.3 |
| CORRAL Antwerp | €2.7m | €1.7m | 25.3% | 21 |
| Pinckers Distribution Voeren | €2.6m | €2.0m | 45.0% | 21.2 |
| TRANSPORTS SCHREURS et FILS Welkenraedt | €2.3m | €2.0m | 55.1% | 22.9 |
| WIJCKMANS TRANSPORT Tessenderlo-Ham | €2.7m | €2.1m | 65.1% | 19 |
These companies have the same main activity as TRANSGIRANA: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €2.2m and €2.7m, founded between 1995 and 1999.
Official details
Source: KBO- Status
- Active since 08-09-1998Normal situation
- Activity
- Freight transport by roadNACE 49410and 3 others
- Joint committee
- 140.03Road transport and logistics for third parties · annual accounts 2025
- Establishment unit
- 2.240.446.2168940 Wervik, since 27-08-1998
- Financial year end
- 31 December
- Peppol
- Reachable since 16-12-2025
Annual accounts 2025
- €2.4m▲ 6.5%
- Employeeson 31-12-2025
- 20▼ 4.8%
- Filing
- Filed on 16-07-2026, 15 days before the end of the filing period
Insights on TRANSGIRANA
TRANSGIRANA has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of €28,024, of which €27,500 non-recurring income.
Equity has been growing by about 9.3% per year since 2018. Its solvency ranks better than 67% of 1,085 sector peers (NACE 49, financial year 2025).
The computed 12-month bankruptcy probability is 0.6% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TRANSGIRANA
- What is the company number of TRANSGIRANA?
- The company number of TRANSGIRANA is 0464.098.973. The VAT number is the same number with BE in front: BE 0464.098.973.
- Where is TRANSGIRANA based?
- The registered office is at Kruisekestraat 212, 8940 Wervik.Company details
- What does TRANSGIRANA do?
- According to the KBO register, the main activity is freight transport by road (NACE 49410).
- What is the legal form of TRANSGIRANA?
- TRANSGIRANA is a public limited company (NV).
- When was TRANSGIRANA founded?
- TRANSGIRANA was founded on 08-09-1998.
- Is TRANSGIRANA still active?
- Yes, TRANSGIRANA is an active enterprise in the KBO register.
- How many employees does TRANSGIRANA have?
- TRANSGIRANA had an average of 20.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does TRANSGIRANA fall under?
- In its 2025 annual accounts, TRANSGIRANA states joint committee 140.03 (Road transport and logistics for third parties).
- What is the turnover of TRANSGIRANA?
- The turnover in financial year 2025 is ≈ €3.3m. This figure is estimated from the gross margin of €1.8m and 31 comparable companies (NACE 49410). It probably lies between €2.9m and €3.9m. In financial year 2023 turnover was €3.1m.
- Is TRANSGIRANA profitable?
- In financial year 2025, TRANSGIRANA made a profit of €28,024.
- Where can I find the annual accounts of TRANSGIRANA?
- TRANSGIRANA filed 28 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TRANSGIRANA due?
- TRANSGIRANA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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