TRANSLOVAK
ActiveSummary
TRANSLOVAK has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €250k and a net result of €-6k. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 37% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability37▲+5
Solvency69▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days only on tighter terms
Liquidity short (current ratio 0.61 against 0.66 in 2023; short-term debt: 50.3% and cash: 12.5% of total assets), and 56.2% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
43.8%
Return on assets
-1%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-12-2025, 153 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
153 d late
2023
30 d late
2022
29 d late
2021
71 d late
2020
31 d late
2019
123 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€250k▼ 2.2%
2023 · €256k
2018: €244k
2019: €228k▼ -6.5% vs 2018lowest in 7 years
2020: €238k▲ +4.3% vs 2019
2021: €260k▲ +9.2% vs 2020
2022: €262k▲ +0.9% vs 2021highest in 7 years
2023: €256k▼ -2.3% vs 2022
2024: €250k▼ -2.2% vs 2023
2018 → 2024
Total assets
€571k▲ 10.5%
2023 · €517k
2018: €263k
2019: €239k▼ -9.0% vs 2018lowest in 7 years
2020: €514k▲ +115% vs 2019
2021: €522k▲ +1.5% vs 2020
2022: €525k▲ +0.6% vs 2021
2023: €517k▼ -1.5% vs 2022
2024: €571k▲ +10.5% vs 2023highest in 7 years
2018 → 2024
Net result
€-6k▲ 8.3%
2023 · €-6k
2018: €-49klowest in 7 years
2019: €-16k▲ +67.3% vs 2018
2020: €17k▲ +206% vs 2019
2021: €22k▲ +29.1% vs 2020highest in 7 years
2022: €2k▼ -89.8% vs 2021
2023: €-6k▼ -376% vs 2022
2024: €-6k▲ +8.3% vs 2023
2018 → 2024
Working capital
€-111k▼ 23.5%
2023 · €-90k
2018: €234khighest in 7 years
2019: €223k▼ -5.0% vs 2018
2020: €-126k▼ -156% vs 2019lowest in 7 years
2021: €-95k▲ +24.1% vs 2020
2022: €-83k▲ +12.7% vs 2021
2023: €-90k▼ -7.8% vs 2022
2024: €-111k▼ -23.5% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€238k-€260k▲ 9.2%€262k▲ 0.9%€256k▼ 2.3%€250k▼ 2.2%
2020: €238klowest in 5 years
2021: €260k▲ +9.2% vs 2020
2022: €262k▲ +0.9% vs 2021highest in 5 years
2023: €256k▼ -2.3% vs 2022
2024: €250k▼ -2.2% vs 2023
Operating result€20k-€26k▲ 31.0%€15k▼ 40.6%€10k▼ 33.6%€7k▼ 26.4%
2020: €20k
2021: €26k▲ +31.0% vs 2020highest in 5 years
2022: €15k▼ -40.6% vs 2021
2023: €10k▼ -33.6% vs 2022
2024: €7k▼ -26.4% vs 2023lowest in 5 years
Net result€17k-€22k▲ 29.1%€2k▼ 89.8%€-6k€-6k▲ 8.3%
2020: €17k
2021: €22k▲ +29.1% vs 2020highest in 5 years
2022: €2k▼ -89.8% vs 2021
2023: €-6k▼ -376% vs 2022lowest in 5 years
2024: €-6k▲ +8.3% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 26% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €571k
Fixed assets
€395k ▲ 14.2%
Current assets
€176k ▲ 3.0%
Equity and liabilities €571k
Equity
€250k ▼ 2.2%
Debt
€321k ▲ 22.9%
Debt's share of the balance-sheet total rises from 50.5% to 56.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€41k▲
2023 · €23k
Cash flow
€28k▲
2023 · €7k
Current ratio
0.61▼
2023 · 0.66
Debt to equity
1.28▲
2023 · 1.02
ROE
-2.3%▲
2023 · -2.4%
ROA
-1.0%▲
2023 · -1.2%
Interest coverage
2.36▲
2023 · 1.72
Debt ≤ 1 year
€287k▲
2023 · €261k
Debt > 1 year
€34k
Income taxes
€1k▼
2023 · €3k
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 · 2024 against 2023 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€517k€571k▲
Fixed assets21/28€346k€395k▲
Tangible fixed assets22/27€346k€395k▲
Land and buildings22€332k€324k▼
Plant, machinery and equipment23€2k€3k▲
Furniture and vehicles24€12k€68k▲
Current assets29/58€171k€176k▲
Amounts receivable within one year40/41€43k€39k▼
Trade receivables40€40k€39k▼
Other amounts receivable41€3k-
Cash at bank and in hand54/58€61k€71k▲
Deferred charges and accrued income490/1€67k€66k▼
Equity and liabilities
Total equity and liabilities10/49€517k€571k▲
Equity10/15€256k€250k▼
Contributions10/11€6k€6k=
Reserves13€256k€256k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€254k€254k=
Profit (loss) carried forward14€-6k€-12k▼
Amounts payable17/49€261k€321k▲
Amounts payable after more than one year17-€34k
Financial debts170/4-€34k
Amounts payable within one year42/48€261k€287k▲
Current portion of amounts payable after more than one year42-€15k
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€11k€23k▲
Taxes450/3€11k€23k▲
Other amounts payable47/48€248k€248k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€33k▲
Other operating charges640/8€4k€3k▼
Gross operating margin9900€27k€43k▲
Operating profit (loss)9901€10k€7k▼
Financial income75/76B€2€6k▲
Recurring financial income75€2€121▲
Non-recurring financial income76B-€5k
Financial charges65/66B€14k€17k▲
Recurring financial charges65€14k€17k▲
Profit (loss) for the period before taxes9903€-4k€-4k▼
Income taxes67/77€3k€1k▼
Profit (loss) for the period9904€-6k€-6k▲
Profit (loss) for the period to be appropriated9905€-6k€-6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-6k€-12k▼
Profit (loss) brought forward from the previous period14P-€-6k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €11k | €11k | €13k | €33k | ▲ 151% |
| Other operating charges640/8 | - | €3k | €4k | €4k | €3k | ▼ 33.4% |
| Gross operating margin9900 | €27k | €40k | €30k | €27k | €43k | ▲ 58.0% |
| Operating profit (loss)9901 | €20k | €26k | €15k | €10k | €7k | ▼ 26.4% |
| Financial income75/76B | - | - | €15 | €2 | €6k | ▲ 273,010% |
| Recurring financial income75 | - | - | €15 | €2 | €121 | ▲ 5,853% |
| Non-recurring financial income76B | - | - | - | - | €5k | - |
| Financial charges65/66B | - | €26 | €10k | €14k | €17k | ▲ 26.5% |
| Recurring financial charges65 | €21 | €26 | €10k | €14k | €17k | ▲ 26.5% |
| Profit (loss) for the period before taxes9903 | €19k | €26k | €5k | €-4k | €-4k | ▼ 19.8% |
| Income taxes67/77 | €3k | €4k | €3k | €3k | €1k | ▼ 45.5% |
| Profit (loss) for the period9904 | €17k | €22k | €2k | €-6k | €-6k | ▲ 8.3% |
| Profit (loss) for the period to be appropriated9905 | €17k | €22k | €2k | €-6k | €-6k | ▲ 8.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €514k | €522k | €525k | €517k | €571k | ▲ 10.5% |
| Fixed assets21/28 | €364k | €355k | €346k | €346k | €395k | ▲ 14.2% |
| Tangible fixed assets22/27 | €364k | €355k | €346k | €346k | €395k | ▲ 14.2% |
| Land and buildings22 | - | €351k | €342k | €332k | €324k | ▼ 2.3% |
| Plant, machinery and equipment23 | - | €911 | €1k | €2k | €3k | ▲ 52.7% |
| Furniture and vehicles24 | - | €3k | €3k | €12k | €68k | ▲ 460% |
| Current assets29/58 | €150k | €166k | €179k | €171k | €176k | ▲ 3.0% |
| Amounts receivable within one year40/41 | €37k | €40k | €42k | €43k | €39k | ▼ 9.0% |
| Trade receivables40 | - | €39k | €38k | €40k | €39k | ▼ 2.7% |
| Other amounts receivable41 | - | €1k | €4k | €3k | - | - |
| Cash at bank and in hand54/58 | €37k | €50k | €71k | €61k | €71k | ▲ 17.2% |
| Deferred charges and accrued income490/1 | - | €77k | €67k | €67k | €66k | ▼ 2.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €514k | €522k | €525k | €517k | €571k | ▲ 10.5% |
| Equity10/15 | €238k | €260k | €262k | €256k | €250k | ▼ 2.2% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €232k | €254k | €256k | €256k | €256k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €252k | €254k | €254k | €254k | = |
| Profit (loss) carried forward14 | - | - | - | €-6k | €-12k | ▼ 91.7% |
| Amounts payable17/49 | €276k | €262k | €263k | €261k | €321k | ▲ 22.9% |
| Amounts payable after more than one year17 | - | - | - | - | €34k | - |
| Financial debts170/4 | - | - | - | - | €34k | - |
| Amounts payable within one year42/48 | €276k | €262k | €263k | €261k | €287k | ▲ 10.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €15k | - |
| Trade debts44 | €169 | €55 | €3k | €1k | €2k | ▲ 42.0% |
| Suppliers440/4 | - | €55 | €3k | €1k | €2k | ▲ 42.0% |
| Taxes, remuneration and social security45 | - | €12k | €11k | €11k | €23k | ▲ 98.0% |
| Taxes450/3 | - | €12k | €11k | €11k | €23k | ▲ 98.0% |
| Other amounts payable47/48 | - | €250k | €249k | €248k | €248k | ▼ 0.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17k | €22k | €2k | €-6k | €-6k | ▲ 8.3% |
| + Depreciation and write-downs630 | €4k | €11k | €11k | €13k | €33k | ▲ 151% |
| Operating cash flow (approximation) | €21k | €33k | €13k | €7k | €28k | ▲ 289% |
| Investment in fixed assets (approximation) | - | €-3k | €-826 | €-14k | €-82k | ▼ 504% |
| Change in cash | - | €13k | €21k | €-10k | €10k | ▲ 202% |
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
31-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 153 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
10-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 71 days late
2021
31-12
Financial
Highest result since 2018net €22k ▲29.1%
Operating result €26k, net result €22k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €17k
Net result €17k after 2 loss-making years.
30-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
25-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated 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, Mechelen · 1 establishment unit since 2007
Ground area
357 m²
Building footprint
142 m²
Volume, LiDAR
715 m³
Parcel 12402B0031/00F000, Flanders · tallest building 8.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
TRANSLOVAK
since 20072.165.605.766
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402B0031/00F000 | Flanders | 356 m² | 1 · 142 m² | 8.7 m · 1 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 82,553 companies in sector 70200 we hold annual accounts for 52,585. 38,916 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
Founded01-10-2007
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
74301Translation services
Scores and ratios are computed by Checked and are not a credit decision.