Transhimal
ActiveSummary
The computed 12-month bankruptcy probability of Transhimal is 2.4% (moderate). The 2024 annual accounts show equity of €807k and a net result of €241k. Equity is growing by ~36.7% per year across the filed fiscal years. Its solvency ranks better than 89% of 1852 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability99▲+10
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 6.33 against 6.07 in 2023; short-term debt: 14.7% and cash: 76.1% of total assets), and 18.6% 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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2024Solvency, return and age of the figures
Solvency
81.4%
Return on assets
24.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-07-2025, 8 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
8 d early
2023
1 d early
2022
2 d late
2021
32 d early
2020
37 d early
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2024, abbreviated schema
Equity
€807k▲ 42.7%
2023 · €566k
Total assets
€992k▲ 46.8%
2023 · €675k
Net result
€241k▲ 121%
2023 · €109k
Working capital
€777k▲ 39.6%
2023 · €557k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€251k▲ 122%€183k▼ 27.1%€204k▲ 11.6%€142k▼ 30.5%€329k▲ 132%
Net result€197k▲ 83.5%€128k▼ 35.1%€138k▲ 7.8%€109k▼ 20.9%€241k▲ 121%
Equity€191k▲ 538%€319k▲ 67.0%€457k▲ 43.2%€566k▲ 23.9%€807k▲ 42.7%
Total assets€441k▲ 45.5%€507k▲ 14.9%€600k▲ 18.4%€675k▲ 12.6%€992k▲ 46.8%
Debt€250k▼ 8.5%€188k▼ 24.8%€144k▼ 23.6%€110k▼ 23.5%€185k▲ 68.3%
Working capital€174k▲ 1,975%€303k▲ 74.0%€443k▲ 46.1%€557k▲ 25.5%€777k▲ 39.6%
Staff (FTE)1▲ 66.7%1=1=1=1=
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 132% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €992k
Fixed assets
€69k ▲ 663%
Current assets
€923k ▲ 38.4%
Equity and liabilities €992k
Equity
€807k ▲ 42.7%
Debt
€185k ▲ 68.3%
Debt's share of the balance-sheet total rises from 16.3% to 18.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€354k▲
2023 · €167k
Cash flow
€266k▲
2023 · €134k
Current ratio
6.33▲
2023 · 6.07
Debt to equity
0.23▲
2023 · 0.19
ROE
29.9%▲
2023 · 19.3%
ROA
24.3%▲
2023 · 16.1%
Interest coverage
113.92▼
2023 · 225.83
Debt ≤ 1 year
€146k▲
2023 · €110k
Debt > 1 year
€39k
Income taxes
€85k▲
2023 · €42k
Staff costs
€79k▲
2023 · €76k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €72k | €78k | €76k | €79k | ▲ 4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26k | €26k | €25k | €25k | €25k | ▼ 0.2% |
| Other operating charges640/8 | - | €16k | €17k | €17k | €22k | ▲ 28.1% |
| Gross operating margin9900 | €370k | €296k | €324k | €260k | €456k | ▲ 75.2% |
| Operating profit (loss)9901 | €251k | €183k | €204k | €142k | €329k | ▲ 132% |
| Financial income75/76B | - | - | - | €9k | - | - |
| Recurring financial income75 | - | - | - | €9k | - | - |
| Non-recurring financial income76B | - | - | - | €9k | - | - |
| Financial charges65/66B | - | €1k | €1k | €740 | €3k | ▲ 320% |
| Recurring financial charges65 | €774 | €1k | €1k | €740 | €3k | ▲ 320% |
| Profit (loss) for the period before taxes9903 | €250k | €182k | €203k | €151k | €326k | ▲ 116% |
| Income taxes67/77 | €53k | €54k | €65k | €42k | €85k | ▲ 103% |
| Profit (loss) for the period9904 | €197k | €128k | €138k | €109k | €241k | ▲ 121% |
| Profit (loss) for the period to be appropriated9905 | €197k | €128k | €138k | €109k | €241k | ▲ 121% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €441k | €507k | €600k | €675k | €992k | ▲ 46.8% |
| Fixed assets21/28 | €75k | €50k | €25k | €9k | €69k | ▲ 663% |
| Tangible fixed assets22/27 | €75k | €50k | €25k | €9k | €69k | ▲ 661% |
| Furniture and vehicles24 | - | €50k | €25k | €9k | €69k | ▲ 661% |
| Financial fixed assets28 | - | - | - | - | €135 | - |
| Current assets29/58 | €366k | €457k | €575k | €666k | €923k | ▲ 38.4% |
| Amounts receivable within one year40/41 | €116k | €112k | €147k | €134k | €164k | ▲ 21.9% |
| Trade receivables40 | - | €96k | €134k | €107k | €160k | ▲ 49.6% |
| Other amounts receivable41 | - | €16k | €14k | €28k | €4k | ▼ 85.4% |
| Cash at bank and in hand54/58 | €248k | €342k | €425k | €529k | €755k | ▲ 42.8% |
| Deferred charges and accrued income490/1 | - | €3k | €3k | €3k | €4k | ▲ 20.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €441k | €507k | €600k | €675k | €992k | ▲ 46.8% |
| Equity10/15 | €191k | €319k | €457k | €566k | €807k | ▲ 42.7% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €300k | €438k | €547k | €788k | ▲ 44.1% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €298k | €436k | €547k | €788k | ▲ 44.1% |
| Profit (loss) carried forward14 | €170k | €279 | €90 | €153 | €516 | ▲ 238% |
| Amounts payable17/49 | €250k | €188k | €144k | €110k | €185k | ▲ 68.3% |
| Amounts payable after more than one year17 | €57k | €34k | €12k | - | €39k | - |
| Financial debts170/4 | - | €34k | €12k | - | €39k | - |
| Amounts payable within one year42/48 | €191k | €154k | €132k | €110k | €146k | ▲ 32.6% |
| Current portion of amounts payable after more than one year42 | - | €23k | €23k | €12k | €28k | ▲ 143% |
| Trade debts44 | €66k | €82k | €92k | €88k | €79k | ▼ 9.6% |
| Suppliers440/4 | - | €82k | €92k | €88k | €79k | ▼ 9.6% |
| Taxes, remuneration and social security45 | - | €13k | €17k | €11k | €39k | ▲ 261% |
| Taxes450/3 | - | €5k | €9k | €1k | €27k | ▲ 1,829% |
| Remuneration and social security454/9 | - | €9k | €9k | €9k | €12k | ▲ 27.9% |
| Other amounts payable47/48 | - | €36k | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €197k | €128k | €138k | €109k | €241k | ▲ 121% |
| + Depreciation and write-downs630 | €26k | €26k | €25k | €25k | €25k | ▼ 0.2% |
| Operating cash flow (approximation) | €223k | €154k | €163k | €134k | €266k | ▲ 98.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-9k | €-85k | ▼ 807% |
| Change in cash | - | €94k | €83k | €104k | €226k | ▲ 118% |
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
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2019net €241k ▲121%
Operating result €329k, net result €241k, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €500kEq €566k ▲23.9%
5 profitable years in a row build equity to €566k.
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 2 days late
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €200kEq €319k ▲67%
3 profitable years in a row build equity to €319k.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150kEq €191k ▲538%
2 profitable years in a row build equity to €191k.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Maldegem · 1 establishment unit since 2019
Ground area
9,829 m²
Building footprint
3,185 m²
Volume, LiDAR
22,452 m³
Parcel 43010C0318/00D000, Flanders · tallest building 9.7 m, ±3 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
Transhimal
since 20192.284.714.838
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43010C0318/00D000 | Flanders | 9,829 m² | 1 · 3,185 m² | 9.7 m · 3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMaldegem2.284.714.838
Legal Entity Identifier
69940007QWST5AOO1C15
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Of 12,585 companies in sector 49410 we hold annual accounts for 8,199. 4,473 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
Founded03-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
Scores and ratios are computed by Checked and are not a credit decision.