TRANSITAL
InactiveTRANSITAL was declared bankrupt on 07-04-2025 (Tribunal de l’entreprise de Liège, division Liège); the bankruptcy was closed for insufficient assets by judgment of 02-09-2025, published in the Belgian State Gazette on 05-09-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline26-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 07-06-2023, 54 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
54 d early
2021
23 d late
2019
31 d late
2018
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 15 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2022, micro schema
Turnover
€46,316
EBIT margin
-23.6%
Net result
€19,483
2021 · -€1,797
Working capital
€17,894
2021 · -€1,589
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
Line2018201920212022
Turnover€46,316
Operating result-€3,800--€10,916▼ 187%-€1,801-€19,922
Net result-€3,879--€11,145▼ 187%-€1,797-€19,483
EBIT margin-23.6%
Equity€19,483-€8,338▼ 57.2%-€336-€19,148
Total assets€33,942-€26,196▼ 22.8%€16,357-€20,933▲ 28.0%
Debt€14,460-€17,858▲ 23.5%€16,692-€1,786▼ 89.3%
Working capital€15,858-€7,907▼ 50.1%-€1,589-€17,894
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2022: €19,922 after a loss of €1,801 in 2021, the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €20,933
Fixed assets
€1,253 =
Current assets
€19,680 ▲ 30.3%
Equity and liabilities €20,933
Equity
€19,148
Debt
€1,786
Debt finances 8.5% of the balance-sheet total.
Key figures and ratios
Current ratio
11.02▲
2021 · 0.90
Quick ratio
11.02▲
2021 · 0.90
Debt to equity
0.09
ROE
101.8%
ROA
93.1%▲
2021 · -11.0%
Debt ≤ 1 year
€1,786▼
2021 · €16,692
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Turnover70 | - | €46,316 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,972 | - | - | - | - |
| Other operating charges640/8 | - | - | €633 | €1,153 | ▲ 82.3% |
| Gross operating margin9900 | €1,178 | -€7,296 | -€1,168 | €21,075 | ▲ 1,904% |
| Operating profit (loss)9901 | -€3,800 | -€10,916 | -€1,801 | €19,922 | ▲ 1,206% |
| Financial income75/76B | - | - | €4 | - | - |
| Recurring financial income75 | €7 | €0 | €4 | - | - |
| Financial charges65/66B | - | - | - | €439 | - |
| Recurring financial charges65 | €85 | €229 | - | €439 | - |
| Profit (loss) for the period before taxes9903 | -€3,879 | -€11,145 | -€1,797 | €19,483 | ▲ 1,184% |
| Profit (loss) for the period9904 | -€3,879 | -€11,145 | -€1,797 | €19,483 | ▲ 1,184% |
| Profit (loss) for the period to be appropriated9905 | -€3,879 | -€11,145 | -€1,797 | €19,483 | ▲ 1,184% |
| Line | 2018 | 2019 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €33,942 | €26,196 | €16,357 | €20,933 | ▲ 28.0% |
| Fixed assets21/28 | €10,573 | €3,316 | €1,253 | €1,253 | = |
| Tangible fixed assets22/27 | €9,319 | €2,063 | - | - | - |
| Financial fixed assets28 | €1,253 | €1,253 | €1,253 | €1,253 | = |
| Current assets29/58 | €23,370 | €22,880 | €15,103 | €19,680 | ▲ 30.3% |
| Stocks and contracts in progress3 | €11,927 | €12,139 | €1 | €1 | = |
| Stocks30/36 | - | - | €1 | €1 | = |
| Amounts receivable within one year40/41 | €8,378 | €4,440 | €13,755 | €12,063 | ▼ 12.3% |
| Trade receivables40 | - | - | €6,919 | - | - |
| Other amounts receivable41 | - | - | €6,835 | €12,063 | ▲ 76.5% |
| Cash at bank and in hand54/58 | €2,889 | €5,816 | €1,348 | €7,616 | ▲ 465% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €33,942 | €26,196 | €16,357 | €20,933 | ▲ 28.0% |
| Equity10/15 | €19,483 | €8,338 | -€336 | €19,148 | ▲ 5,802% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Capital10 | - | - | €25,000 | - | - |
| Issued capital100 | - | - | €25,000 | - | - |
| Reserves13 | €3,483 | €3,483 | €3,483 | €3,483 | = |
| Non-distributable reserves130/1 | - | - | €2,500 | €2,500 | = |
| Legal reserve130 | - | - | €2,500 | - | - |
| Other1319 | - | - | - | €2,500 | - |
| Distributable reserves133 | - | - | €983 | €983 | = |
| Profit (loss) carried forward14 | -€9,000 | -€20,145 | -€28,819 | -€9,335 | ▲ 67.6% |
| Amounts payable17/49 | €14,460 | €17,858 | €16,692 | €1,786 | ▼ 89.3% |
| Amounts payable after more than one year17 | €6,948 | €2,886 | - | - | - |
| Amounts payable within one year42/48 | €7,512 | €14,973 | €16,692 | €1,786 | ▼ 89.3% |
| Financial debts43 | - | - | €4,270 | - | - |
| Credit institutions430/8 | - | - | €4,270 | - | - |
| Trade debts44 | €4,474 | €8,068 | €9,591 | €1,786 | ▼ 81.4% |
| Suppliers440/4 | - | - | €9,591 | €1,786 | ▼ 81.4% |
| Taxes, remuneration and social security45 | - | - | €2,832 | - | - |
| Taxes450/3 | - | - | €2,832 | - | - |
| Line | 2018 | 2019 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,879 | -€11,145 | -€1,797 | €19,483 | ▲ 1,184% |
| + Depreciation and write-downs630 | €2,972 | - | - | - | - |
| Operating cash flow (approximation) | -€907 | -€11,145 | -€1,797 | €19,483 | ▲ 1,184% |
| Investment in fixed assets (approximation) | - | €7,256 | - | €0 | - |
| Change in cash | - | €2,927 | - | €6,268 | - |
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
05-09
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise de Liège, division Liège · event 02-09-2025
11-04
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 07-04-2025
2023
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €19,483
Net result €19,483 after 3 loss-making years.
31-12
Financial
Liquidity times 12current ratio 11.02
Current ratio from 0.90 to 11.02; short-term debt falls from €16,692 to €1,786.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet -€11,145
Net result drops to -€11,145, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 days late
Show earlier events
2015
13-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 13 days late
2014
08-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 8 days late
2013
28-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 28 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | MURIELLE DELFORGE CLOS DU SARTAY 11,
4053 EMBOURG |
07-04-2025 → 02-09-2025 |
| Curator | VALERIE THIRION CLOS
DU SARTAY 11, 4053 EMBOURG |
07-04-2025 → 02-09-2025 |