TRANSIMMODEL
ActiveSummary
TRANSIMMODEL has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €53,596 and a net result of €7,780. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 68% of 1885 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2023
Profitability79▲+7
Solvency81▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 8.38 against 10.72 in 2023; short-term debt: 6.4% and cash: 52.9% of total assets), and 44.5% of the assets are financed with debt.
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Signals
Six 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 · 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
55.5%
Return on assets
8.1%
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 31-08-2026, 31 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
31 d late
2023
43 d early
2022
60 d early
2021
54 d early
2020
19 d late
2019
17 d early
2018
30 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 22 days before the deadline; the sector median for financial year 2023 is 1 day after the deadline, and 50% 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 19 June (4 of the last 5 filed years within 61 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€24,600
EBIT margin
-14.8%
Net result
€7,780▲ 220%
2023 · €2,428
Working capital
€45,927▲ 101%
2023 · €22,811
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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
Line20202021202220232025
Turnover
Operating result€4,630▲ 89.7%€6,581▲ 42.2%€511▼ 92.2%€4,493▲ 779%€9,737-
Net result€4,559within the sector's middle half▲ 95.9%€4,688within the sector's middle half▲ 2.8%€443within the sector's middle half▼ 90.6%€2,428within the sector's middle half▲ 448%€7,780within the sector's middle half-
EBIT margin
Equity€38,642within the sector's middle half▲ 13.4%€43,330within the sector's middle half▲ 12.1%€43,773within the sector's middle half▲ 1.0%€46,201within the sector's middle half▲ 5.5%€53,596within the sector's middle half-
Total assets€75,443within the sector's middle half▼ 16.5%€81,958within the sector's middle half▲ 8.6%€80,692within the sector's middle half▼ 1.5%€85,249within the sector's middle half▲ 5.6%€96,514below the sector's middle half-
Debt€36,801▼ 34.6%€38,628▲ 5.0%€36,919▼ 4.4%€39,048▲ 5.8%€42,917-
Working capital€9,451within the sector's middle half▼ 44.9%€16,970within the sector's middle half▲ 79.5%€9,395within the sector's middle half▼ 44.6%€22,811within the sector's middle half▲ 143%€45,927within the sector's middle half-
Solvency51.2%within the sector's middle half▲ 13.5pp52.9%within the sector's middle half▲ 1.6pp54.2%within the sector's middle half▲ 1.4pp54.2%within the sector's middle half▼ 0.1pp55.5%within the sector's middle half-
Current ratio93.66above the sector's middle half▲ 57.539.78above the sector's middle half▼ 83.8842.92above the sector's middle half▲ 33.1510.72above the sector's middle half▼ 32.208.38above the sector's middle half-
Return on assets (ROA)6.0%within the sector's middle half▲ 3.5pp5.7%within the sector's middle half▼ 0.3pp0.5%within the sector's middle half▼ 5.2pp2.8%within the sector's middle half▲ 2.3pp8.1%within the sector's middle half-
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result is €9,737 in 2025, compared with €4,493 in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €96,514
Fixed assets
€44,364 ▼ 26.2%
Current assets
€52,149 ▲ 107%
Equity and liabilities €96,514
Equity
€53,596 ▲ 16.0%
Debt
€42,917 ▲ 9.9%
Debt's share of the balance-sheet total falls from 45.8% to 44.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€21,203▲
2023 · €16,607
Cash flow
€19,245▲
2023 · €14,542
Debt to equity
0.80▼
2023 · 0.85
ROE
14.5%▲
2023 · 5.3%
Interest coverage
10.83▲
2023 · 8.04
Debt ≤ 1 year
€6,223▲
2023 · €2,347
Debt > 1 year
€36,695=
2023 · €36,695
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 31,349 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 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | €7,757 | €7,051 | €7,299 | €8,099 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,974 | €10,212 | €12,621 | €12,114 | €11,466 | - |
| Other operating charges640/8 | - | €2,222 | €2,316 | €2,494 | €2,858 | - |
| Gross operating margin9900 | €16,810 | €19,016 | €15,449 | €19,101 | €24,061 | - |
| Operating profit (loss)9901 | €4,630 | €6,581 | €511 | €4,493 | €9,737 | - |
| Financial income75/76B | - | - | €0 | €0 | - | - |
| Recurring financial income75 | - | - | €0 | €0 | - | - |
| Financial charges65/66B | - | €1,893 | €68 | €2,066 | €1,958 | - |
| Recurring financial charges65 | €71 | €1,893 | €68 | €2,066 | €1,958 | - |
| Profit (loss) for the period before taxes9903 | €4,559 | €4,688 | €443 | €2,428 | €7,780 | - |
| Profit (loss) for the period9904 | €4,559 | €4,688 | €443 | €2,428 | €7,780 | - |
| Profit (loss) for the period to be appropriated9905 | €4,559 | €4,688 | €443 | €2,428 | €7,780 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €75,443 | €81,958 | €80,692 | €85,249 | €96,514 | - |
| Formation expenses20 | €0 | €0 | €0 | €0 | - | - |
| Fixed assets21/28 | €65,890 | €63,055 | €71,073 | €60,091 | €44,364 | - |
| Intangible fixed assets21 | €0 | €0 | €0 | €0 | - | - |
| Tangible fixed assets22/27 | €65,890 | €63,055 | €71,073 | €60,091 | €44,364 | - |
| Land and buildings22 | - | €63,055 | €71,073 | €59,107 | €43,543 | - |
| Plant, machinery and equipment23 | - | €0 | €0 | €984 | €531 | - |
| Furniture and vehicles24 | - | €0 | €0 | €0 | €290 | - |
| Current assets29/58 | €9,553 | €18,903 | €9,619 | €25,158 | €52,149 | - |
| Amounts receivable after more than one year29 | - | - | - | - | €204 | - |
| Trade receivables290 | - | - | - | - | €204 | - |
| Cash at bank and in hand54/58 | €8,878 | €13,345 | €8,860 | €24,321 | €51,059 | - |
| Deferred charges and accrued income490/1 | - | €5,559 | €759 | €837 | €886 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €75,443 | €81,958 | €80,692 | €85,249 | €96,514 | - |
| Equity10/15 | €38,642 | €43,330 | €43,773 | €46,201 | €53,596 | - |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | - |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | - |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | - |
| Reserves13 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | - |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | - |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | - |
| Profit (loss) carried forward14 | -€29,558 | -€24,870 | -€24,427 | -€21,999 | -€14,604 | - |
| Amounts payable17/49 | €36,801 | €38,628 | €36,919 | €39,048 | €42,917 | - |
| Amounts payable after more than one year17 | €36,695 | €36,695 | €36,695 | €36,695 | €36,695 | - |
| Other amounts payable178/9 | - | €36,695 | €36,695 | €36,695 | €36,695 | - |
| Amounts payable within one year42/48 | €102 | €1,934 | €224 | €2,347 | €6,223 | - |
| Trade debts44 | €102 | €99 | €224 | €354 | €1,128 | - |
| Suppliers440/4 | - | €99 | €224 | €354 | €1,128 | - |
| Taxes, remuneration and social security45 | - | €423 | €0 | €460 | €550 | - |
| Taxes450/3 | - | €423 | €0 | €460 | €550 | - |
| Other amounts payable47/48 | - | €1,411 | €0 | €1,533 | €4,544 | - |
| Accrued charges and deferred income492/3 | - | - | - | €7 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,559 | €4,688 | €443 | €2,428 | €7,780 | - |
| + Depreciation and write-downs630 | €9,974 | €10,212 | €12,621 | €12,114 | €11,466 | - |
| Operating cash flow (approximation) | €14,533 | €14,900 | €13,064 | €14,542 | €19,245 | - |
| Investment in fixed assets (approximation) | - | -€7,378 | -€20,639 | -€1,132 | - | - |
| Change in cash | - | €4,467 | -€4,485 | €15,462 | - | - |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €7,780 ▲220%
Operating result €9,737, net result €7,780, both a record.
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity quadruplescurrent ratio 42.92
Current ratio from 9.78 to 42.92; short-term debt falls from €1,934 to €224.
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 93.66
Current ratio from 36.13 to 93.66; short-term debt falls from €488 to €102.
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €2,327
Net result €2,327 after one loss-making year.
31-12
Financial
Liquidity times 12current ratio 36.13
Current ratio from 3.06 to 36.13; short-term debt falls from €2,015 to €488.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Show earlier events
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Trooz · 1 establishment unit since 1992
Ground area
727 m²
Building footprint
251 m²
Volume, LiDAR
2,264 m³
2 parcels, Wallonia · tallest building 14.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Rue du 8 Mai 270, 4870 Trooz
since 19922.056.600.631
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62040F0449/00C000 | Wallonia | 607 m² | 1 · 130 m² | 7.1 m · 2 fl. |
| 62040G0180/00R002 | Wallonia | 120 m² | 1 · 121 m² | 14.6 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 6,971 companies in sector 49320 we hold annual accounts for 2,715. 2,130 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded25-10-1991
Fiscal year end31-12
Activities, NACEBEL 2025
49330On-demand passenger transport by chauffeured vehicle
49410Freight transport by road
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.