Equity
€980,120 ▼ 29.3%
TransMaes paid out €605,041 in dividends. That is 271% of the 2025 profit.
TransMaes
Lifetime
4 annual accounts with figures on one time axispeak €1.9m (2024)
€1.7m▼ 8.4%
peak €432,873 (2023)
€223,277▼ 42.0%
peak €1.4m (2024)
€980,120▼ 29.3%
€997,189▲ 80.6%
peak 16.3 FTE (2025)
16.3 FTE▲ 1.9%
Board1 name since 2022
1 directorMAES Michaël
Documentsfilings and deeds
19-05-202673 days before the deadline
2025abbreviated format
Result from €385,151 to €223,277Dividend €605,041Equity from €1.4m to €980,120Debts from €552,074 to €997,189Investments €659,308
Key points
from the 2025 annual accountsResult
€223,277 ▼ 42.0%
The result fell in 2025 from €385,151 to €223,277.
Debts
€997,189 ▲ 80.6%
Debts rose by €445,115 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Investments
€807,097 3.8 × depreciation
Green is investment, beige is depreciation. Machinery stands 2851.1% higher than in 2024.
Staff
13 employees on 31-12-2025
In 2025, 3 people joined and 6 left.
Position in the sector
€223,277
Higher net result than 88% of companies in land transport. Sector median €22,414 · 2,412 companies.
Checked score
94
Excellent
Financially stronger than 62% of small 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: 0.5% across 1,182 companies (NACE 49, small).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025lowest value
08-2025: 0.1%● unchanged vs 07-2025lowest value
09-2025: 0.1%● unchanged vs 08-2025lowest value
10-2025: 0.1%● unchanged vs 09-2025lowest value
11-2025: 0.1%● unchanged vs 10-2025lowest value
12-2025: 0.1%● unchanged vs 11-2025lowest value
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026lowest value
03-2026: 0.1%● unchanged vs 02-2026lowest value
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026highest value
07-2026: 0.1%● unchanged vs 06-2026highest value
08-2026: 0.1%● unchanged vs 07-2026highest value
09-2026: 0.1%● unchanged vs 08-2026highest value
10-2026: 0.1%● unchanged vs 09-2026highest value
11-2026: 0.1%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Land transport and transport via pipelines (NACE 49)
lowers risk
Liquidity: current ratio 2.49, cash €549,104
Founded in 2013
Equity €980,120 (49.0% of total assets)
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, small). It does better than 65% of them on solvency, 91% on liquidity, 83% on profitability and 8% on growth.
The bankruptcy probability was computed on 10-11-2026 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, 17,811 companies had the same profile as TransMaes has now. Each dot stands for 45 companies, two years later.
96.5%
were still trading
3.2%
stopped another way
0.3%
went bankrupt
That fits the bankruptcy probability of TransMaes itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 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 17,811 companies, not a prediction for TransMaes. 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 €90,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.49 (4.0 in 2024), above the usual 1.5. Short-term debt is 17.3% and cash 27.5% of total assets. However, 51% of the assets are financed with debt and provisions.
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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 19-05-2026, 73 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
73 days early
2024
72 days early
2023
148 days early
2022
75 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 92 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 18 May (3 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Environmental permit granted
Nieuwbouw van bijgebouwen en niet overdekte lage constructie · Boortmeerbeek
Environmental permit granted
Nieuwbouw of aanleggen · Boortmeerbeek
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0538889141
Change of role: MAES Michaël, from statutory manager to statutory director
General meeting of 24-11-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TransMaes Boortmeerbeek | €2.0m | €1.7m | 49.0% | 16.3 |
| BAUVALL TRANS Zemst | €1.8m | €1.6m | 31.8% | 14.6 |
| DISTRI STAR Herstal | €1.7m | €1.8m | 32.6% | 17.3 |
| HOUART SERVICES Sprimont | €2.3m | €1.5m | 19.9% | 15.9 |
| EFFICIENT LOGISTICS SERVICES Ottignies-Louvain-la-Neuve | €1.7m | €1.9m | 18.0% | 16.9 |
| NB-TRANS Halen | €2.4m | €1.5m | 23.1% | 17.2 |
| VAN LATHEM GALMART LOGISTICS Halle | €2.9m | €1.5m | 82.5% | 21 |
These companies have the same main activity as TransMaes: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €1.7m and €2.9m, founded between 2010 and 2015.
Official details
Source: KBO- Status
- Active since 24-09-2013Normal situation
- Activity
- Freight transport by roadNACE 49410
- Joint committees
- 140.03Road transport and logistics for third parties
- 226White-collar workers in international trade, transport and logistics · annual accounts 2025
- Establishment unit
- 2.222.611.6763191 Boortmeerbeek, since 01-10-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Annual accounts 2025
- ≈ €3.3mestimated
- €2.0m▲ 3.1%
- Employeeson 31-12-2025
- 13▼ 18.8%
- Filing
- Filed on 19-05-2026, 73 days before the end of the filing period
Insights on TransMaes
TransMaes files the abbreviated format. That format states no turnover. The gross margin rose from €1.4m in 2022 to €1.7m in 2025.
The balance sheet grew most from 2023 to 2025 through fixed assets, financed with long-term debt.
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 TransMaes
- What is the company number of TransMaes?
- The company number of TransMaes is 0538.889.141. The VAT number is the same number with BE in front: BE 0538.889.141.
- Where is TransMaes based?
- The registered office is at Leuvensesteenweg 54, 3191 Boortmeerbeek.Company details
- What does TransMaes do?
- According to the KBO register, the main activity is freight transport by road (NACE 49410).
- What is the legal form of TransMaes?
- TransMaes is a private limited company (BV).
- When was TransMaes founded?
- TransMaes was founded on 24-09-2013.
- Is TransMaes still active?
- Yes, TransMaes is an active enterprise in the KBO register.
- How many employees does TransMaes have?
- TransMaes had an average of 16.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does TransMaes fall under?
- In its 2025 annual accounts, TransMaes states joint committees 140.03 (Road transport and logistics for third parties) and 226 (White-collar workers in international trade, transport and logistics).
- What is the turnover of TransMaes?
- The turnover in financial year 2025 is ≈ €3.3m. This figure is estimated from the gross margin of €1.7m and 31 comparable companies (NACE 49410). It probably lies between €2.9m and €3.9m.
- Is TransMaes profitable?
- In financial year 2025, TransMaes made a profit of €223,277.
- Where can I find the annual accounts of TransMaes?
- TransMaes filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TransMaes due?
- TransMaes must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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