TRANSMECA
ActiveFinancials · financial year 2025, full format
2025 annual accounts filed 7 days after the deadline Filed on 7 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00399334.
Annual accounts 2025 filed on 07-08-2026 at the NBB all 33 filings
Turnover
≈ €2.2m
Estimated: probably between €1.5m and €3.6m
EBIT margin
Not included in this filing
Net result
€191,123▲ 21.7%
2024 · €156,996
Working capital
€822,856▲ 23.6%
2024 · €665,669
In the rankings
#7 company by total assets in Rumes#7 company by equity in Rumes#8 oldest company in Rumes
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€269,528
▲ 21.0%
2025
20182025
Net result
€191,123
▲ 21.7%
2025
middle half of the sector
20182025
Equity
€1.2m
▲ 18.1%
2025
middle half of the sector
20182025
Total assets
€2.5m
▲ 17.9%
2025
middle half of the sector
20182025
Debt
€1.2m
▲ 17.6%
2025
20182025
Working capital
€822,856
▲ 23.6%
2025
middle half of the sector
20182025
Solvency
50.5%
▲ 0.1pp
2025
middle half of the sector
20182025
Current ratio
1.84
▲ 0.12
2025
middle half of the sector
20182025
Return on assets (ROA)
7.8%
▲ 0.2pp
2025
highest quarter of the sector
20182025
Staff (FTE)
13.7
▼ 8.7%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.01m-€0.1m▲ 11×€0.03m▼ 76.7%€0.4m▲ 14×€0.2m▼ 47.8%€0.1m▼ 34.4%€0.2m▲ 71.8%€0.3m▲ 21.0%
Net result-€0.001m-€0.07m€0.01mwithin the sector's middle half▼ 83.5%€0.3mwithin the sector's middle half▲ 22×€0.1mwithin the sector's middle half▼ 48.7%€0.09mwithin the sector's middle half▼ 36.1%€0.2mwithin the sector's middle half▲ 77.4%€0.2mwithin the sector's middle half▲ 21.7%
Equity€0.3m-€0.4m▲ 22.0%€0.4mwithin the sector's middle half▲ 2.5%€0.7mwithin the sector's middle half▲ 66.6%€0.8mwithin the sector's middle half▲ 20.7%€0.9mwithin the sector's middle half▲ 11.0%€1.1mwithin the sector's middle half▲ 17.5%€1.2mwithin the sector's middle half▲ 18.1%
Total assets€1.5m-€1.5m▼ 1.2%€1.5mwithin the sector's middle half▲ 0.8%€1.9mwithin the sector's middle half▲ 28.0%€1.8mwithin the sector's middle half▼ 4.5%€2.1mwithin the sector's middle half▲ 19.9%€2.1mwithin the sector's middle half▼ 2.4%€2.5mwithin the sector's middle half▲ 17.9%
Debt€1.1m-€1.1m▼ 7.6%€1.1m▲ 0.2%€1.2m▲ 13.3%€1.0m▼ 18.5%€1.2m▲ 27.2%€1.0m▼ 16.8%€1.2m▲ 17.6%
Working capital€0.3m-€0.4m▲ 8.8%€0.4mwithin the sector's middle half▲ 5.2%€0.3mwithin the sector's middle half▼ 17.4%€0.5mwithin the sector's middle half▲ 45.3%€0.5mwithin the sector's middle half▲ 16.0%€0.7mwithin the sector's middle half▲ 22.9%€0.8mwithin the sector's middle half▲ 23.6%
Solvency21.9%-27.0%▲ 5.1pp27.4%within the sector's middle half▲ 0.5pp35.7%within the sector's middle half▲ 8.3pp45.2%within the sector's middle half▲ 9.4pp41.8%within the sector's middle half▼ 3.4pp50.3%within the sector's middle half▲ 8.5pp50.5%within the sector's middle half▲ 0.1pp
Current ratio1.38-1.43▲ 0.051.43within the sector's middle half=1.29within the sector's middle half▼ 0.131.60within the sector's middle half▲ 0.301.52within the sector's middle half▼ 0.081.73within the sector's middle half▲ 0.211.84within the sector's middle half▲ 0.12
Return on assets (ROA)-0.1%-5.0%▲ 5.1pp0.8%within the sector's middle half▼ 4.2pp14.4%above the sector's middle half▲ 13.6pp7.7%above the sector's middle half▼ 6.7pp4.1%within the sector's middle half▼ 3.6pp7.5%above the sector's middle half▲ 3.4pp7.8%above the sector's middle half▲ 0.2pp
Staff (FTE)12.5-13.2▲ 5.6%14.3within the sector's middle half▲ 8.3%13.6within the sector's middle half▼ 4.9%13.5▼ 0.7%14.6within the sector's middle half▲ 8.1%15within the sector's middle half▲ 2.7%13.7within the sector's middle half▼ 8.7%
above
within
below
The sector band is the middle half of the companies in Manufacture of other transport equipment (NACE 30). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 21% higher than in 2024. It is the second rise in a row, after the fall in 2023.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.5m
Fixed assets
€665,566 ▲ 30.6%
Current assets
€1.8m ▲ 13.8%
Equity and liabilities €2.5m
Equity
€1.2m ▲ 18.1%
Debt
€1.2m ▲ 17.6%
Debt's share of the balance-sheet total falls from 49.7% to 49.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€336,737▲
2024 · €279,755
Cash flow
€258,332▲
2024 · €213,950
Quick ratio
0.96▲
2024 · 0.75
Debt to equity
0.98▼
2024 · 0.99
ROE
15.4%▲
2024 · 14.9%
Interest coverage
36.77▼
2024 · 40.04
Debt ≤ 1 year
€977,107▲
2024 · €916,473
Debt > 1 year
€222,559▲
2024 · €109,000
Income taxes
€69,246▲
2024 · €59,087
Staff costs
€916,687▼
2024 · €981,818
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 13 | 14 | 16 | 14 | 13 |
| full-time | 13 | 14 | 16 | 14 | 11 |
| part-time | 0 | 0 | 0 | 0 | 2 |
| in full-time equivalents | 13 | 14 | 16 | 14 | 12.3 |
| Average over the year, in full-time equivalents | 13.6 | 13.5 | 14.6 | 15 | 13.7 |
| On a permanent contract | 13 | 14 | 15 | 14 | 13 |
| Joined | 4 | 5 | 4 | 2 | 1 |
| Left | 5 | 4 | 2 | 3 | 2 |
| Training hours | - | - | 80 | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €41,405 | €105,537 | €72,231 | €48,969 | €223,227 |
| Financial fixed assets | €325,000 | - | - | €125 | - |
| Depreciation and write-downs of the year | €70,536 | €24,872 | €49,662 | €56,953 | €67,209 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €0.7m | €0.8m | €0.9m | €1.0m | €0.9m | ▼ 6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.06m | €0.07m | €0.07m | €0.07m | €0.02m | €0.05m | €0.06m | €0.07m | ▲ 18.0% |
| Other operating charges640/8 | - | - | - | €0.007m | €0.006m | €0.007m | €0.007m | €0.007m | ▲ 1.8% |
| Gross operating margin9900 | €0.8m | €0.9m | €0.8m | €1.2m | €1.0m | €1.1m | €1.3m | €1.3m | ▼ 0.6% |
| Operating profit (loss)9901 | €0.01m | €0.1m | €0.03m | €0.4m | €0.2m | €0.1m | €0.2m | €0.3m | ▲ 21.0% |
| Financial income75/76B | - | - | - | €0.002m | €0.001m | €134 | €268 | €0 | ▼ 100% |
| Recurring financial income75 | €0.004m | €0.002m | €0.002m | €0.002m | €0.001m | €134 | €268 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €0.005m | €0.007m | €0.007m | €0.007m | €0.009m | ▲ 31.1% |
| Recurring financial charges65 | €0.01m | €0.01m | €0.006m | €0.005m | €0.007m | €0.007m | €0.007m | €0.009m | ▲ 31.1% |
| Profit (loss) for the period before taxes9903 | €0.004m | €0.1m | €0.02m | €0.4m | €0.2m | €0.1m | €0.2m | €0.3m | ▲ 20.5% |
| Income taxes67/77 | €0.005m | €0.04m | €0.01m | €0.1m | €0.05m | €0.03m | €0.06m | €0.07m | ▲ 17.2% |
| Profit (loss) for the period9904 | -€0.001m | €0.07m | €0.01m | €0.3m | €0.1m | €0.09m | €0.2m | €0.2m | ▲ 21.7% |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | - | - | €0.1m | - |
| Profit (loss) for the period to be appropriated9905 | -€0.001m | €0.07m | €0.01m | €0.3m | €0.1m | €0.09m | €0.2m | €0.09m | ▼ 45.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.5m | €1.5m | €1.5m | €1.9m | €1.8m | €2.1m | €2.1m | €2.5m | ▲ 17.9% |
| Fixed assets21/28 | €0.2m | €0.2m | €0.2m | €0.5m | €0.5m | €0.6m | €0.5m | €0.7m | ▲ 30.6% |
| Tangible fixed assets22/27 | €0.2m | €0.2m | €0.2m | €0.1m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 84.6% |
| Land and buildings22 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.09m | ▼ 19.7% |
| Plant, machinery and equipment23 | - | - | - | €0.007m | €0.1m | €0.08m | €0.07m | €0.04m | ▼ 40.7% |
| Furniture and vehicles24 | - | - | - | €0 | - | - | - | €0.004m | - |
| Leasing and similar rights25 | - | - | - | €0 | - | - | - | €0.2m | - |
| Assets under construction and advance payments27 | - | - | - | - | - | €0.04m | €0 | - | - |
| Financial fixed assets28 | €16 | €16 | €16 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Current assets29/58 | €1.2m | €1.2m | €1.3m | €1.4m | €1.3m | €1.6m | €1.6m | €1.8m | ▲ 13.8% |
| Stocks and contracts in progress3 | €0.6m | €0.8m | €0.7m | €0.8m | €0.9m | €0.9m | €0.9m | €0.9m | ▼ 3.6% |
| Stocks30/36 | - | - | - | €0.8m | €0.9m | €0.9m | €0.9m | €0.9m | ▼ 3.6% |
| Amounts receivable within one year40/41 | €0.5m | €0.4m | €0.5m | €0.5m | €0.3m | €0.6m | €0.4m | €0.9m | ▲ 103% |
| Trade receivables40 | - | - | - | €0.5m | €0.2m | €0.5m | €0.3m | €0.8m | ▲ 138% |
| Other amounts receivable41 | - | - | - | €0.07m | €0.08m | €0.09m | €0.09m | €0.08m | ▼ 14.2% |
| Cash at bank and in hand54/58 | €0.08m | €0.05m | €0.1m | €0.08m | €0.06m | €0.1m | €0.3m | €0.07m | ▼ 71.2% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | ▼ 14.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.5m | €1.5m | €1.5m | €1.9m | €1.8m | €2.1m | €2.1m | €2.5m | ▲ 17.9% |
| Equity10/15 | €0.3m | €0.4m | €0.4m | €0.7m | €0.8m | €0.9m | €1.1m | €1.2m | ▲ 18.1% |
| Contributions10/11 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Capital10 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Issued capital100 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Contributions outside capital11 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Share premium1100/10 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.06m | €0.06m | €0.06m | €0.3m | €0.5m | €0.6m | €0.7m | €0.9m | ▲ 26.4% |
| Non-distributable reserves130/1 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Legal reserve130 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Tax-exempt reserves132 | - | - | - | - | - | - | - | €0.1m | - |
| Distributable reserves133 | - | - | - | €0.3m | €0.4m | €0.5m | €0.7m | €0.8m | ▲ 12.4% |
| Profit (loss) carried forward14 | -€0.06m | €0.02m | €0.03m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 0.4% |
| Investment grants15 | - | - | - | €0 | - | - | - | - | - |
| Amounts payable17/49 | €1.1m | €1.1m | €1.1m | €1.2m | €1.0m | €1.2m | €1.0m | €1.2m | ▲ 17.6% |
| Amounts payable after more than one year17 | €0.2m | €0.2m | €0.1m | €0.08m | €0.2m | €0.1m | €0.1m | €0.2m | ▲ 104% |
| Financial debts170/4 | - | - | - | €0.08m | €0.2m | €0.1m | €0.1m | €0.2m | ▲ 104% |
| Amounts payable within one year42/48 | €0.9m | €0.9m | €0.9m | €1.1m | €0.8m | €1.0m | €0.9m | €1.0m | ▲ 6.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.06m | €0.09m | €0.05m | €0.03m | €0.09m | ▲ 194% |
| Trade debts44 | €0.7m | €0.7m | €0.6m | €0.4m | €0.4m | €0.4m | €0.3m | €0.6m | ▲ 65.7% |
| Suppliers440/4 | - | - | - | €0.4m | €0.4m | €0.4m | €0.3m | €0.6m | ▲ 65.7% |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.3m | €0.2m | €0.2m | €0.2m | ▲ 15.4% |
| Taxes450/3 | - | - | - | €0.1m | €0.1m | €0.03m | €0.02m | €0.04m | ▲ 97.2% |
| Remuneration and social security454/9 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 3.0% |
| Other amounts payable47/48 | - | - | - | €0.4m | €0 | €0.4m | €0.4m | €0.1m | ▼ 67.1% |
| Accrued charges and deferred income492/3 | - | - | - | €0.03m | €0.002m | €0.06m | €0.01m | €0.02m | ▲ 65.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,040 | €72,645 | €11,998 | €269,711 | €138,417 | €88,484 | €156,996 | €191,123 | ▲ 21.7% |
| + Depreciation and write-downs630 | €62,440 | €73,937 | €71,539 | €70,536 | €24,872 | €49,662 | €56,953 | €67,209 | ▲ 18.0% |
| Operating cash flow (approximation) | €61,399 | €146,582 | €83,537 | €340,247 | €163,289 | €138,147 | €213,950 | €258,332 | ▲ 20.7% |
| Investment in fixed assets (approximation) | - | -€57,409 | -€16,181 | -€366,405 | -€105,521 | -€72,231 | -€6,094 | -€223,227 | ▼ 3,563% |
| Change in cash | - | -€30,317 | €83,358 | -€52,795 | -€17,023 | €48,564 | €145,486 | -€180,862 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 20,136 companies had the same profile as TRANSMECA has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.0%
was still going
4.7%
stopped otherwise
0.2%
went bankrupt
That fits the bankruptcy probability of TRANSMECA itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 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 20,136 companies, not a prediction for TRANSMECA. 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.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 07-08-2026 | 2026-00399334 | |
| 31-12-2024 | full format | 31-07-2025 | 2025-00356946 | |
| 31-12-2023 | full format | 07-08-2024 | 2024-00337831 | |
| 31-12-2022 | full format | 19-07-2023 | 2023-00257000 | |
| 31-12-2021 | full format | 08-07-2022 | 2022-20176369 | |
| 31-12-2020 | full format | 10-08-2021 | 2021-47600040 | |
| 31-12-2019 | full format | 23-09-2020 | 2020-55200283 | |
| 31-12-2018 | full format | 31-07-2019 | 2019-43700600 | |
| 31-12-2017 | full format | 28-08-2018 | 2018-52300575 | |
| 31-12-2016 | full format | 28-06-2017 | 2017-24000347 |