TRANSMARTIN · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of TRANSMARTIN is 0.6% (low). The 2025 annual accounts show equity of €446k and a net result of €146k. Equity is growing by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 78% of 35 sector peers (fiscal year 2025). The company has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 8 annual accounts.

Signals

3 signals · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 78% of 35 peers (2025). A comfortable equity buffer.

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Growing equity

Equity grew over 2023-2025. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Trust signals

3 signals

Long-established

Founded in 1988, 38 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.

Administratively compliant

No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags

0 events

No administrative flags

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.6% Low

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Long track record −Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€146k+3161.4%

Working capital€446k+78.4%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 27-04-2026 with the NBB · fiscal year 2025 · volledig

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~4.3%/year over 8 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 49, Land transport · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	72.8%	29.3%	better than 78% of 35 sector peers
Net result	€146k	€46k	better than 74% of 36 sector peers
Equity	€446k	€333k	better than 65% of 35 sector peers
Total assets	€613k	€1.04M	better than 35% of 36 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P78

Stable position over 2020-2025 · n=35-157

Net result P74

Stable position over 2020-2025 · n=36-156

Equity P65

Stable position over 2020-2025 · n=35-157

Gross operating margin P57

Stable position over 2020-2024 · n=78-119

Describes the position versus peers, not a forecast.

EBITDA

€38k

+10.3% +71% vs sector

Net profit

€146k

+3161.4% far above sector median

Cash flow

€34k

+5.8% +40% vs sector

Total assets

€613k

+42.9% far above sector median

Equity

€446k

+48.5% far above sector median

Working capital

€446k

+78.4% far above sector median

Employees (FTE)

3

-3.3% +222% vs sector

Staff costs

€125k

-9.8% far above sector median

Income taxes

€53k

+2149.4% far above sector median

Debt

€167k

+29.8% far above sector median

Debt ≤ 1y

€167k

+47.8% far above sector median

Debt > 1y

€9k

-70.4% 18-25

Current ratio

3.67

+14.2% -38% vs sector

Quick ratio

3.67

+14.4% -37% vs sector

Solvency

72.8%

+3.9% -12% vs sector

Debt / equity

0.37

-12.5% +76% vs sector

ROE

32.6%

+2097.0% far above sector median

ROA

23.7%

+2182.8% far above sector median

Interest coverage

31.07

+28.0% +22% vs sector

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Revenue	-
EBITDA	-
Net profit	€146k
Cash flow	-
Staff costs	€125k
Income taxes	€53k
Dividends	-
Total assets	€613k
Equity	€446k
Debt	€167k
of which ≤ 1y	€167k
of which > 1y	-
Working capital	€446k
Employees (FTE)	2.9

Ratios (computed)

	2025
Current ratio	3.67
Quick ratio	3.67
Working capital ratio	72.7%
Solvency	72.8%
Debt / equity	0.37
Long-term debt ratio	-
Interest coverage	-
Gross margin	-
Net margin	-
ROA	23.7%
ROE	32.6%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €375 · 0.1% Current assets €613k · 99.9%

Equity & liabilities

Equity €446k · 72.8% Debt €167k · 27.2%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€613k
Fixed assets	21/28	€375
Financial fixed assets	28	€375
Current assets	29/58	€613k
Amounts receivable within one year	40/41	€395k
Investments	50/53	€30
Cash & bank	54/58	€212k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€613k
Equity	10/15	€446k
Contributions / capital	10/11	€62k
Reserves	13	€384k
Amounts payable	17/49	€167k
Amounts payable within one year	42/48	€167k
Trade debts payable within one year	44	€99k
Income statement
Gross operating margin	9900	€336k
Operating result	9901	€199k
Financial income	75	€197
Financial charges	65	€1k
Result before taxes	9903	€198k
Income taxes	67/77	€53k
Net result for the period	9904	€146k
Result to be appropriated	9905	€146k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

93 / 100 Excellent

050100

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →

Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Directors

Directors & mandates

4 directors

Current directors & mandates

MARTIN Ives
Managing director
State Gazette act 23482880 (28-12-2023)

Current
28-12-2023 → present
5 events
- 28-12-2023 Resigned· Director
- 28-12-2023 Appointed· Managing director
- 29-06-2017 Mandate renewed· Director
- 29-06-2017 Appointed· Managing director
- 11-01-2012 Appointed· Managing director
MARTIN Ives Winand Marcel
Director
State Gazette act 23482880 (28-12-2023)

Current
20-01-2012 → present
3 events
- 28-12-2023 Appointed· Director
- 20-01-2012 Appointed· Director
- 20-01-2012 Appointed· Managing director

Historic, not recently confirmed (1)

These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.

André MARTIN
Director
State Gazette act 17092590 (29-06-2017)

Not recently confirmed
last confirmed in an act from 2017

Former directors (1)

MARTIN André Jean Antoine
Director
State Gazette act 12019366 (20-01-2012)

Former
20-01-2012 → 28-12-2023
2 events
- 28-12-2023 Resigned· Director
- 20-01-2012 Appointed· Director

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Insolvency mandates

indexing

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Goederenvervoer over de weg(49410)
Legal form	Public limited company(014)
Incorporation	06-01-1988
Status	Active
Postal code	4960

Structure & network

Locations & real estate

Establishment units

1 location

Avenue de Norvège 13, 4960 Malmedy

de groothandel in vaste, vloeibare en gasvormige brandstoffen

since 19882.038.840.030

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area2,376 m²

Buildings1

Building footprint312 m²

Volume (LiDAR)1,989 m³

Tallest building7.9 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)