TRANSGRAPHIC
ActiveSummary
TRANSGRAPHIC has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €79,675 and a net result of €2,367. Equity is growing by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 33% of 2220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability58▲+20
Solvency48▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 1.84 against 1.21 in 2024; short-term debt: 7.2% and cash: 10.9% of total assets), but 77.3% of the assets are financed with debt.
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Signals
Four 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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
22.7%
Return on assets
0.7%
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 18-08-2026, 18 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
18 d late
2024
4 d late
2023
3 d early
2022
14 d early
2021
1 d early
2020
6 d late
2019
3 d early
← 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 1 day after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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 30 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2,367
2024 · -€9,854
Working capital
€21,191▲ 115%
2024 · €9,838
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€42,094▲ 334%€18,751▼ 55.5%€31,013▲ 65.4%-€2,106€9,694
Net result€28,945above the sector's middle half▲ 397%€9,378within the sector's middle half▼ 67.6%€18,465within the sector's middle half▲ 96.9%-€9,854below the sector's middle half€2,367within the sector's middle half
Equity€59,319within the sector's middle half▲ 95.3%€68,696within the sector's middle half▲ 15.8%€87,162within the sector's middle half▲ 26.9%€77,308within the sector's middle half▼ 11.3%€79,675within the sector's middle half▲ 3.1%
Total assets€101,796within the sector's middle half▲ 22.0%€413,213above the sector's middle half▲ 306%€414,750above the sector's middle half▲ 0.4%€384,967above the sector's middle half▼ 7.2%€350,955within the sector's middle half▼ 8.8%
Debt€42,477▼ 19.9%€344,517▲ 711%€327,588▼ 4.9%€307,659▼ 6.1%€271,280▼ 11.8%
Working capital€54,757within the sector's middle half▲ 49.5%€18,709within the sector's middle half▼ 65.8%€17,828within the sector's middle half▼ 4.7%€9,838within the sector's middle half▼ 44.8%€21,191within the sector's middle half▲ 115%
Solvency58.3%within the sector's middle half▲ 21.9pp16.6%below the sector's middle half▼ 41.6pp21.0%within the sector's middle half▲ 4.4pp20.1%within the sector's middle half▼ 0.9pp22.7%within the sector's middle half▲ 2.6pp
Current ratio2.42within the sector's middle half▲ 0.311.28within the sector's middle half▼ 1.141.32within the sector's middle half▲ 0.041.21within the sector's middle half▼ 0.111.84within the sector's middle half▲ 0.63
Return on assets (ROA)28.4%above the sector's middle half▲ 21.5pp2.3%within the sector's middle half▼ 26.2pp4.5%within the sector's middle half▲ 2.2pp-2.6%below the sector's middle half▼ 7.0pp0.7%within the sector's middle half▲ 3.2pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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 2025: €9,694 after a loss of €2,106 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €350,955
Fixed assets
€304,530 ▼ 7.1%
Current assets
€46,425 ▼ 19.0%
Equity and liabilities €350,955
Equity
€79,675 ▲ 3.1%
Debt
€271,280 ▼ 11.8%
Debt's share of the balance-sheet total falls from 79.9% to 77.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€32,837▲
2024 · €20,627
Cash flow
€25,510▲
2024 · €12,880
Quick ratio
1.78▲
2024 · 1.18
Debt to equity
3.40▼
2024 · 3.98
ROE
3.0%▲
2024 · -12.7%
Interest coverage
4.61▲
2024 · 2.67
Debt ≤ 1 year
€25,233▼
2024 · €47,456
Debt > 1 year
€246,046▼
2024 · €260,203
Income taxes
€200▲
2024 · €8
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,984 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.3%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,984 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,943 | €52,728 | €16,851 | €22,734 | €23,143 | ▲ 1.8% |
| Other operating charges640/8 | €1,763 | €4,483 | €4,059 | €2,882 | €1,920 | ▼ 33.4% |
| Non-recurring operating charges66A | €58 | €216 | €314 | €637 | €968 | ▲ 52.0% |
| Gross operating margin9900 | €49,858 | €76,178 | €52,238 | €24,146 | €35,725 | ▲ 48.0% |
| Operating profit (loss)9901 | €42,094 | €18,751 | €31,013 | -€2,106 | €9,694 | ▲ 560% |
| Financial charges65/66B | €1,180 | €5,654 | €7,649 | €7,739 | €7,127 | ▼ 7.9% |
| Recurring financial charges65 | €1,180 | €5,654 | €7,649 | €7,739 | €7,127 | ▼ 7.9% |
| Profit (loss) for the period before taxes9903 | €40,914 | €13,097 | €23,365 | -€9,845 | €2,566 | ▲ 126% |
| Income taxes67/77 | €11,969 | €3,719 | €4,899 | €8 | €200 | ▲ 2,332% |
| Profit (loss) for the period9904 | €28,945 | €9,378 | €18,465 | -€9,854 | €2,367 | ▲ 124% |
| Profit (loss) for the period to be appropriated9905 | €28,945 | €9,378 | €18,465 | -€9,854 | €2,367 | ▲ 124% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €101,796 | €413,213 | €414,750 | €384,967 | €350,955 | ▼ 8.8% |
| Fixed assets21/28 | €8,520 | €327,647 | €340,554 | €327,673 | €304,530 | ▼ 7.1% |
| Tangible fixed assets22/27 | €7,576 | €326,703 | €339,610 | €326,729 | €303,586 | ▼ 7.1% |
| Land and buildings22 | - | €324,000 | €312,000 | €300,000 | €288,000 | ▼ 4.0% |
| Plant, machinery and equipment23 | €307 | €24 | - | - | - | - |
| Furniture and vehicles24 | €5,451 | €371 | €17,468 | €18,300 | €8,324 | ▼ 54.5% |
| Other tangible fixed assets26 | €1,818 | €2,308 | €10,142 | €8,429 | €7,262 | ▼ 13.8% |
| Financial fixed assets28 | €944 | €944 | €944 | €944 | €944 | = |
| Current assets29/58 | €93,276 | €85,566 | €74,196 | €57,294 | €46,425 | ▼ 19.0% |
| Stocks and contracts in progress3 | €1,968 | €1,535 | €1,400 | €1,400 | €1,400 | = |
| Stocks30/36 | €1,968 | €1,535 | €1,400 | €1,400 | €1,400 | = |
| Amounts receivable within one year40/41 | €9,237 | €17,643 | €5,679 | €3,129 | €6,460 | ▲ 106% |
| Trade receivables40 | €2,163 | €13,419 | €5,443 | €2,820 | €6,339 | ▲ 125% |
| Other amounts receivable41 | €7,073 | €4,224 | €235 | €309 | €122 | ▼ 60.7% |
| Cash at bank and in hand54/58 | €80,809 | €65,206 | €66,853 | €51,772 | €38,302 | ▼ 26.0% |
| Deferred charges and accrued income490/1 | €1,262 | €1,182 | €265 | €994 | €263 | ▼ 73.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €101,796 | €413,213 | €414,750 | €384,967 | €350,955 | ▼ 8.8% |
| Equity10/15 | €59,319 | €68,696 | €87,162 | €77,308 | €79,675 | ▲ 3.1% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Issued capital100 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | €38,867 | €48,245 | €66,710 | €56,857 | €59,224 | ▲ 4.2% |
| Amounts payable17/49 | €42,477 | €344,517 | €327,588 | €307,659 | €271,280 | ▼ 11.8% |
| Amounts payable after more than one year17 | €3,958 | €271,220 | €271,220 | €260,203 | €246,046 | ▼ 5.4% |
| Financial debts170/4 | €3,958 | €271,220 | €271,220 | €260,203 | €246,046 | ▼ 5.4% |
| Amounts payable within one year42/48 | €38,519 | €66,857 | €56,368 | €47,456 | €25,233 | ▼ 46.8% |
| Current portion of amounts payable after more than one year42 | €8,300 | €27,839 | €12,121 | €17,904 | €14,157 | ▼ 20.9% |
| Trade debts44 | €1,618 | €10,170 | €13,344 | €4,652 | €1,233 | ▼ 73.5% |
| Suppliers440/4 | €1,618 | €10,170 | €13,344 | €4,652 | €1,233 | ▼ 73.5% |
| Taxes, remuneration and social security45 | €10,000 | €14,919 | €6,935 | €1,350 | €200 | ▼ 85.2% |
| Taxes450/3 | €10,000 | €10,319 | €935 | - | €200 | - |
| Remuneration and social security454/9 | - | €4,600 | €6,000 | €1,350 | - | - |
| Other amounts payable47/48 | €18,601 | €13,929 | €23,968 | €23,549 | €9,644 | ▼ 59.0% |
| Accrued charges and deferred income492/3 | - | €6,440 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,945 | €9,378 | €18,465 | -€9,854 | €2,367 | ▲ 124% |
| + Depreciation and write-downs630 | €5,943 | €52,728 | €16,851 | €22,734 | €23,143 | ▲ 1.8% |
| Operating cash flow (approximation) | €34,888 | €62,106 | €35,316 | €12,880 | €25,510 | ▲ 98.1% |
| Investment in fixed assets (approximation) | - | -€371,855 | -€29,758 | -€9,853 | €0 | ▲ 100% |
| Change in cash | - | -€15,602 | €1,646 | -€15,080 | -€13,470 | ▲ 10.7% |
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
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 18 days late
21-05
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- Board meeting, 12-03-2026
- Registered-office move, 3800 Gelinden (Sint-Truiden), Gelinden Dorp 15
2025
31-12
Financial
Back to profitnet €2,367
Net result €2,367 after one loss-making year.
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
31-12
Financial
Weakest financial yearnet -€9,854
Net result drops to -€9,854, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €28,945 ▲397%
Operating result €42,094, net result €28,945, both a record.
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 6 days late
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 4 days late
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Truiden · 1 establishment unit since 1991
Ground area
827 m²
Building footprint
213 m²
Volume, LiDAR
1,502 m³
2 parcels, Brussels, Flanders · tallest building 14.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
TRANSGRAPHIC SPRL
since 19912.054.672.014
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71015A0295/00N000 | Flanders | 651 m² | 1 · 141 m² | 6.6 m · 2 fl. |
| 21308H0678/00R003 | Brussels | 175 m² | 1 · 72 m² | 14.8 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. 13,211 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
Founded14-10-1991
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0445366095
Registered
02-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.