TRANSIHA
ActiveSummary
TRANSIHA has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42k and a net result of €22k. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 28% of 4654 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▼-3
Solvency42▼-7
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 1.51 against 1.92 in 2024; short-term debt: 45.5% and cash: 52.2% of total assets), but 83.5% of the assets are financed with debt.
Credit check for your own amount and term
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 →
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
16.5%
Return on assets
8.8%
Age of the figures
9 mo
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 22-07-2026, 9 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
9 d early
2024
92 d late
2023
27 d late
2022
17 d late
2021
10 d late
2020
18 d late
2019
13 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€361k▲ 9,347%
2024 · €4k
2018: €149k
2019: €157k▲ +4.8% vs 2018
2020: €162k▲ +3.3% vs 2019
2021: €156k▼ -3.8% vs 2020
2022: €164k▲ +5.6% vs 2021
2023: €194k▲ +18.0% vs 2022
2024: €4k▼ -98.0% vs 2023lowest in 8 years
2025: €361k▲ +9347% vs 2024highest in 8 years
2018 → 2025
EBIT margin
10.7%▼ 1094.1pp
2024 · 1104.8%
2018: 6.4%lowest in 8 years
2019: 9.6%▲ +48.8% vs 2018
2020: 10.9%▲ +14.4% vs 2019
2021: 7.5%▼ -31.5% vs 2020
2022: 7.1%▼ -4.9% vs 2021
2023: 9.9%▲ +39.1% vs 2022
2024: 1104.8%▲ +11048% vs 2023highest in 8 years
2025: 10.7%▼ -99.0% vs 2024
2018 → 2025
Net result
€22k▼ 30.7%
2024 · €32k
2018: €7klowest in 8 years
2019: €12k▲ +84.8% vs 2018
2020: €15k▲ +21.7% vs 2019
2021: €8k▼ -48.8% vs 2020
2022: €8k▼ -0.2% vs 2021
2023: €13k▲ +71.1% vs 2022
2024: €32k▲ +143% vs 2023highest in 8 years
2025: €22k▼ -30.7% vs 2024
2018 → 2025
Working capital
€59k▼ 33.7%
2024 · €89k
2018: €33k
2019: €46k▲ +39.2% vs 2018
2020: €39k▼ -14.9% vs 2019
2021: €72k▲ +83.8% vs 2020
2022: €7k▼ -90.9% vs 2021lowest in 8 years
2023: €7k▲ +11.1% vs 2022
2024: €89k▲ +1131% vs 2023highest in 8 years
2025: €59k▼ -33.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€156k-€164k▲ 5.6%€194k▲ 18.0%€4k▼ 98.0%€361k▲ 9,347%
2021: €156k
2022: €164k▲ +5.6% vs 2021
2023: €194k▲ +18.0% vs 2022
2024: €4k▼ -98.0% vs 2023lowest in 5 years
2025: €361k▲ +9347% vs 2024highest in 5 years
Equity€72k-€24k▼ 66.5%€37k▲ 55.0%€70k▲ 86.3%€42k▼ 39.6%
2021: €72khighest in 5 years
2022: €24k▼ -66.5% vs 2021lowest in 5 years
2023: €37k▲ +55.0% vs 2022
2024: €70k▲ +86.3% vs 2023
2025: €42k▼ -39.6% vs 2024
Operating result€12k-€12k▲ 0.4%€19k▲ 64.1%€42k▲ 120%€38k▼ 8.9%
2021: €12klowest in 5 years
2022: €12k▲ +0.4% vs 2021
2023: €19k▲ +64.1% vs 2022
2024: €42k▲ +120% vs 2023highest in 5 years
2025: €38k▼ -8.9% vs 2024
Net result€8k-€8k▼ 0.2%€13k▲ 71.1%€32k▲ 143%€22k▼ 30.7%
2021: €8k
2022: €8k▼ -0.2% vs 2021lowest in 5 years
2023: €13k▲ +71.1% vs 2022
2024: €32k▲ +143% vs 2023highest in 5 years
2025: €22k▼ -30.7% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 9% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €255k
Fixed assets
€80k ▼ 27.4%
Current assets
€175k ▼ 6.4%
Equity and liabilities €255k
Equity
€42k ▼ 39.6%
Debt
€213k ▼ 6.3%
Debt's share of the balance-sheet total rises from 76.5% to 83.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€69k▼
2024 · €84k
Cash flow
€52k▼
2024 · €74k
Current ratio
1.51▼
2024 · 1.92
Debt to equity
5.05▲
2024 · 3.25
ROE
53.1%▲
2024 · 46.3%
ROA
8.8%▼
2024 · 10.9%
Interest coverage
17.10▼
2024 · 21.99
Debt ≤ 1 year
€116k▲
2024 · €98k
Debt > 1 year
€97k▼
2024 · €129k
Income taxes
€12k▲
2024 · €6k
Staff costs
€59k▲
2024 · €30k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€297k€255k▼
Fixed assets21/28€110k€80k▼
Tangible fixed assets22/27€110k€80k▼
Plant, machinery and equipment23€6k€5k▼
Furniture and vehicles24€74k€55k▼
Leasing and similar rights25€26k€18k▼
Other tangible fixed assets26€3k€2k▼
Financial fixed assets28€175€175=
Current assets29/58€187k€175k▼
Amounts receivable within one year40/41€102k€42k▼
Trade receivables40€59k€42k▼
Other amounts receivable41€44k-
Cash at bank and in hand54/58€78k€133k▲
Deferred charges and accrued income490/1€7k€588▼
Equity and liabilities
Total equity and liabilities10/49€297k€255k▼
Equity10/15€70k€42k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€49k€22k▼
Amounts payable17/49€227k€213k▼
Amounts payable after more than one year17€129k€97k▼
Financial debts170/4€129k€97k▼
Amounts payable within one year42/48€98k€116k▲
Current portion of amounts payable after more than one year42€3k-
Trade debts44€648€21k▲
Suppliers440/4€648€21k▲
Taxes, remuneration and social security45€68k€28k▼
Taxes450/3€66k€24k▼
Remuneration and social security454/9€3k€4k▲
Other amounts payable47/48€26k€67k▲
Income statement
Code20242025
Turnover70€4k€361k▲
Non-recurring operating income76A€11k€20k▲
Goods, raw materials, services and sundry goods60/61€187k€250k▲
Remuneration, social security and pensions62€30k€59k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€30k▼
Other operating charges640/8€1k€3k▲
Gross operating margin9900€115k€131k▲
Operating profit (loss)9901€42k€38k▼
Financial charges65/66B€4k€4k▲
Recurring financial charges65€4k€4k▲
Profit (loss) for the period before taxes9903€38k€34k▼
Income taxes67/77€6k€12k▲
Profit (loss) for the period9904€32k€22k▼
Profit (loss) for the period to be appropriated9905€32k€22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€49k€72k▲
Profit (loss) brought forward from the previous period14P€17k€49k▲
Profit to be distributed694/7-€50k
Return on contributions (dividend)694-€50k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €156k | €164k | €194k | €4k | €361k | ▲ 9,347% |
| Non-recurring operating income76A | €12k | €6k | €5k | €11k | €20k | ▲ 78.8% |
| Goods, raw materials, services and sundry goods60/61 | €130k | €138k | €147k | €187k | €250k | ▲ 33.8% |
| Remuneration, social security and pensions62 | - | - | - | €30k | €59k | ▲ 95.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25k | €20k | €31k | €42k | €30k | ▼ 28.1% |
| Other operating charges640/8 | €837 | €739 | €2k | €1k | €3k | ▲ 199% |
| Gross operating margin9900 | €38k | €32k | €52k | €115k | €131k | ▲ 13.4% |
| Operating profit (loss)9901 | €12k | €12k | €19k | €42k | €38k | ▼ 8.9% |
| Financial charges65/66B | €2k | €1k | €3k | €4k | €4k | ▲ 4.9% |
| Recurring financial charges65 | €2k | €1k | €3k | €4k | €4k | ▲ 4.9% |
| Profit (loss) for the period before taxes9903 | €10k | €10k | €17k | €38k | €34k | ▼ 10.2% |
| Income taxes67/77 | €2k | €3k | €3k | €6k | €12k | ▲ 98.6% |
| Profit (loss) for the period9904 | €8k | €8k | €13k | €32k | €22k | ▼ 30.7% |
| Profit (loss) for the period to be appropriated9905 | €8k | €8k | €13k | €32k | €22k | ▼ 30.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €150k | €144k | €136k | €297k | €255k | ▼ 14.1% |
| Fixed assets21/28 | €56k | €41k | €67k | €110k | €80k | ▼ 27.4% |
| Tangible fixed assets22/27 | €56k | €41k | €67k | €110k | €80k | ▼ 27.4% |
| Plant, machinery and equipment23 | - | - | €8k | €6k | €5k | ▼ 26.8% |
| Furniture and vehicles24 | - | €4k | €1k | €74k | €55k | ▼ 25.4% |
| Leasing and similar rights25 | €56k | €37k | €54k | €26k | €18k | ▼ 33.3% |
| Other tangible fixed assets26 | - | - | €4k | €3k | €2k | ▼ 26.7% |
| Financial fixed assets28 | €88 | €88 | - | €175 | €175 | = |
| Current assets29/58 | €93k | €102k | €68k | €187k | €175k | ▼ 6.4% |
| Amounts receivable within one year40/41 | €27k | €30k | €39k | €102k | €42k | ▼ 59.3% |
| Trade receivables40 | €27k | €30k | €39k | €59k | €42k | ▼ 29.1% |
| Other amounts receivable41 | - | - | - | €44k | - | - |
| Cash at bank and in hand54/58 | €66k | €70k | €25k | €78k | €133k | ▲ 70.2% |
| Deferred charges and accrued income490/1 | - | €3k | €4k | €7k | €588 | ▼ 91.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €150k | €144k | €136k | €297k | €255k | ▼ 14.1% |
| Equity10/15 | €72k | €24k | €37k | €70k | €42k | ▼ 39.6% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €52k | €4k | €17k | €49k | €22k | ▼ 56.0% |
| Amounts payable17/49 | €77k | €119k | €98k | €227k | €213k | ▼ 6.3% |
| Amounts payable after more than one year17 | €56k | €23k | €37k | €129k | €97k | ▼ 25.2% |
| Financial debts170/4 | €56k | €23k | €37k | €129k | €97k | ▼ 25.2% |
| Amounts payable within one year42/48 | €21k | €96k | €61k | €98k | €116k | ▲ 18.7% |
| Current portion of amounts payable after more than one year42 | - | €16k | €25k | €3k | - | - |
| Trade debts44 | €10k | €7k | €3k | €648 | €21k | ▲ 3,096% |
| Suppliers440/4 | €10k | €7k | €3k | €648 | €21k | ▲ 3,096% |
| Taxes, remuneration and social security45 | €9k | €16k | €12k | €68k | €28k | ▼ 59.2% |
| Taxes450/3 | €6k | €16k | €9k | €66k | €24k | ▼ 63.0% |
| Remuneration and social security454/9 | €3k | - | €3k | €3k | €4k | ▲ 27.5% |
| Other amounts payable47/48 | €2k | €57k | €22k | €26k | €67k | ▲ 160% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €8k | €13k | €32k | €22k | ▼ 30.7% |
| + Depreciation and write-downs630 | €25k | €20k | €31k | €42k | €30k | ▼ 28.1% |
| Operating cash flow (approximation) | €33k | €28k | €44k | €74k | €52k | ▼ 29.2% |
| Investment in fixed assets (approximation) | - | €-5k | €-57k | €-84k | €0 | ▲ 100% |
| Change in cash | - | €4k | €-45k | €53k | €55k | ▲ 2.6% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
2024
31-12
Financial
Highest result since 2018net €32k ▲143%
Operating result €42k, net result €32k, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
18-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Frameries · 1 establishment unit since 2016
Ground area
148 m²
Building footprint
59 m²
Volume, LiDAR
485 m³
Parcel 53045C0548/00P000, Wallonia · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue des Squares 41, 7080 Frameries
since 20162.258.514.346
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53045C0548/00P000 | Wallonia | 148 m² | 1 · 59 m² | 10.4 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.
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Of 12,590 companies in sector 49410 we hold annual accounts for 8,199. 5,875 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
Founded21-10-2016
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
53200Other postal and courier activities
Scores and ratios are computed by Checked and are not a credit decision.