Equity
€1.0m ▲ 29.6%
Transhimal has made a profit in every financial year since 2019.
Transhimal
Lifetime
7 annual accounts with figures on one time axispeak €455,882 (2024)
€452,492▼ 0.7%
peak €241,363 (2024)
€238,991▼ 1.0%
peak €1.0m (2025)
€1.0m▲ 29.6%
€120,613▼ 34.7%
peak 1 FTE (2020)
1 FTEunchanged
Board1 name since 2018
1 directorHIMSCHOOT Guy
Documentsfilings and deeds
24-06-202637 days before the deadline
2025abbreviated format
Equity from €806,976 to €1.0mDebts from €184,780 to €120,613Cash from €754,638 to €998,407
Key points
from the 2025 annual accountsTurnover
≈ €970,000 estimated
The accounts state no turnover.
Liquidity
10.07 was 6.33 in 2024
Short-term debts fell from €145,661 to €110,625.
Filings
7 annual accounts 1 late
The 2022 accounts came 2 days late. The other six were filed on time.
At the same address
10 companies
Position in the sector
89.7%
Higher solvency than 94% of companies in land transport. Sector median 38.9% · 2,418 companies.
Checked score
98
Excellent
Financially stronger than 87% of micro companies in land transport (NACE 49)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 9,092 companies (NACE 49, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.3%▼ -0.1 percentage points vs 03-2025
05-2025: 0.4%▲ +0.1 percentage points vs 04-2025
06-2025: 0.5%▲ +0.1 percentage points vs 05-2025
07-2025: 0.6%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.3%▼ -0.3 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.1%▼ -0.2 percentage points vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.2%▲ +0.1 percentage points vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.1%▼ -0.1 percentage points vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Land transport and transport via pipelines (NACE 49)
lowers risk
Liquidity: current ratio 10.07, cash €998,407
Equity €1.0m (89.7% of total assets)
Figures for financial year 2025 (filed on 24-06-2026)
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, micro). It does better than 92% of them on solvency, 99% on liquidity, 83% on profitability and 73% on growth.
The bankruptcy probability was computed on 09-11-2026 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 very low class on 30-06-2025, 0.1% 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, 26,972 companies had the same profile as Transhimal has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Transhimal itself is lower: 0.1% within 12 months. It rests on far more data about Transhimal than the profile alone.
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 26,972 companies, not a prediction for Transhimal. 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 €100,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 10.07 (6.33 in 2024), above the usual 1.5. Short-term debt is 9.5% and cash 85.6% of total assets. 10.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
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 24-06-2026, 37 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
37 days early
2024
8 days early
2023
1 day early
2022
2 days late
2021
32 days early
2020
37 days early
2019
1 day 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 16 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 23 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0717629259
Registered office moved within Maldegem
New registered office: Krommewege 31, 9990 Maldegem · Previous registered office: Kleine Warmestraat 8, 9990 Maldegem · Resignation: HIMSCHOOT Guy (director) · Gazette deed
Registered office moved from Maidegem to Maldegem
New registered office: Kleine Warmestraat 8, 9990 Maldegem · Previous registered office: Krommeweg 31, 9990 Maidegem · Gazette deed
Incorporation
Founding capital of €18,600, 186 shares · Founder: HIMSCHOOT Guy Etienne Magda · Appointment: HIMSCHOOT Guy Etienne Magda (manager) · published on 07-01-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Transhimal Maldegem | €1.2m | €452,492 | 89.7% | 1 |
| CITILOMA Eeklo | €0.9m | €334,314 | 70.6% | 1.3 |
| Exceptra Eeklo | €1.2m | €500,310 | 28.6% | 2 |
| MSE LOGISTICS Antwerp | €1.4m | €495,630 | 46.4% | 1.5 |
| El Kor Group Puurs-Sint-Amands | €1.2m | €658,490 | -2.1% | 1 |
| LG GLOBAL FORWARDING Stabroek | €1.2m | €332,758 | 27.9% | 2 |
| RN-Agri Wortegem-Petegem | €1.8m | €494,765 | 10.3% | 2.3 |
These companies have the same main activity as Transhimal: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €880,000 and €1.8m, founded between 2018 and 2020.
Official details
Source: KBO- Status
- Active since 03-01-2019Normal situation
- Registered office
- 11 active companies are registered at this addressSource: KBO register, as of 10 November 2026.
- Activity
- Freight transport by roadNACE 49410
- Establishment unit
- 2.284.714.8389990 Maldegem, since 03-01-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 08-04-2025
Annual accounts 2025
- €1.2m▲ 17.6%
- Employeeson 31-12-2025
- 1=
- Filing
- Filed on 24-06-2026, 37 days before the end of the filing period
Insights on Transhimal
Transhimal files the abbreviated format. That format states no turnover. The gross margin rose from €190,365 in 2019 to €452,492 in 2025.
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 Transhimal
- What is the company number of Transhimal?
- The company number of Transhimal is 0717.629.259. The VAT number is the same number with BE in front: BE 0717.629.259.
- Where is Transhimal based?
- The registered office is at Krommewege 31, 9990 Maldegem.Company details
- What does Transhimal do?
- According to the KBO register, the main activity is freight transport by road (NACE 49410).
- What is the legal form of Transhimal?
- Transhimal is a private limited company (BV).
- When was Transhimal founded?
- Transhimal was founded on 03-01-2019.
- Is Transhimal still active?
- Yes, Transhimal is an active enterprise in the KBO register.
- How many employees does Transhimal have?
- Transhimal had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of Transhimal?
- The turnover in financial year 2025 is ≈ €970,000. This figure is estimated from the gross margin of €452,492 and 38 comparable companies (NACE 49410). It probably lies between €760,000 and €1.4m.
- Is Transhimal profitable?
- In financial year 2025, Transhimal made a profit of €238,991.
- Where can I find the annual accounts of Transhimal?
- Transhimal filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Transhimal due?
- Transhimal must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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