TRANSMISSION
ActiveTRANSMISSION has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €185k and a net result of €38k. Equity is growing by ~31.9% per year across the filed fiscal years. Its solvency ranks better than 82% of 11282 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability90▲+5
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 5.34 against 5.73 in 2024; short-term debt: 18.1% and cash: 2.5% of total assets), and 18.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
81.9%
Return on assets
16.6%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
30 d late
2024
30 d late
2023
19 d late
2022
28 d late
2021
23 d late
2020
30 d late
2019
39 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€185k▲ 25.5%
2024 · €147k
2018: €-4k
2019: €12k
2020: €36k
2021: €70k
2022: €103k
2023: €124k
2024: €147k
2018 → 2025
Total assets
€225k▲ 27.5%
2024 · €177k
2018: €27k
2019: €53k
2020: €78k
2021: €90k
2022: €128k
2023: €155k
2024: €177k
2018 → 2025
Net result
€38k▲ 64.5%
2024 · €23k
2018: €10k
2019: €16k
2020: €25k
2021: €33k
2022: €33k
2023: €22k
2024: €23k
2018 → 2025
Working capital
€177k▲ 25.9%
2024 · €140k
2018: €-6k
2019: €10k
2020: €33k
2021: €65k
2022: €100k
2023: €116k
2024: €140k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€70k-€103k▲ 47.5%€124k▲ 21.3%€147k▲ 18.3%€185k▲ 25.5%
Operating result€45k-€50k▲ 9.6%€32k▼ 35.7%€34k▲ 4.9%€54k▲ 61.0%
Net result€33k-€33k▼ 0.5%€22k▼ 33.9%€23k▲ 4.3%€38k▲ 64.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 61% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €225k
Fixed assets
€8k▲ 17.8%
Current assets
€217k▲ 27.8%
Equity and liabilities €225k
Equity
€185k▲ 25.5%
Debt
€41k▲ 37.2%
The debt ratio rises from 16.8% to 18.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€55k▲
2024 · €35k
Cash flow
€38k▲
2024 · €24k
Solvency
81.9%▼
2024 · 83.2%
Current ratio
5.34▼
2024 · 5.73
Quick ratio
5.22▼
2024 · 5.59
Debt / equity
0.22▲
2024 · 0.20
ROE
20.3%▲
2024 · 15.5%
ROA
16.6%▲
2024 · 12.9%
Interest coverage
10.87▲
2024 · 7.45
Debt
€41k▲
2024 · €30k
Debt ≤ 1 year
€41k▲
2024 · €30k
Income taxes
€20k▲
2024 · €12k
Staff costs
€85k▲
2024 · €72k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€177k€225k▲
Fixed assets21/28€7k€8k▲
Tangible fixed assets22/27€2k€3k▲
Plant, machinery and equipment23€2k€859▼
Assets under construction and advance payments27-€2k
Financial fixed assets28€5k€5k=
Current assets29/58€170k€217k▲
Stocks and contracts in progress3€4k€5k▲
Stocks30/36€4k€5k▲
Amounts receivable within one year40/41€153k€206k▲
Trade receivables40€27k€31k▲
Other amounts receivable41€127k€175k▲
Cash at bank and in hand54/58€12k€6k▼
Deferred charges and accrued income490/1€431€536▲
Equity and liabilities
Total equity and liabilities10/49€177k€225k▲
Equity10/15€147k€185k▲
Contributions10/11€37k€37k=
Reserves13€90k€127k▲
Non-distributable reserves130/1€4k€4k=
Reserves not available under the articles1311€4k€4k=
Tax-exempt reserves132€8k€8k=
Distributable reserves133€78k€115k▲
Profit (loss) carried forward14€20k€20k=
Amounts payable17/49€30k€41k▲
Amounts payable within one year42/48€30k€41k▲
Financial debts43€8k€12k▲
Credit institutions430/8€8k€12k▲
Trade debts44€5k€7k▲
Suppliers440/4€5k€7k▲
Taxes, remuneration and social security45€16k€22k▲
Taxes450/3€10k€15k▲
Remuneration and social security454/9€6k€7k▲
Income statement
Code20242025
Remuneration, social security and pensions62€72k€85k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€963€784▼
Other operating charges640/8€387€400▲
Gross operating margin9900€107k€140k▲
Operating profit (loss)9901€34k€54k▲
Financial income75/76B€6k€8k▲
Recurring financial income75€6k€8k▲
Financial charges65/66B€5k€5k▲
Recurring financial charges65€5k€5k▲
Profit (loss) for the period before taxes9903€35k€57k▲
Income taxes67/77€12k€20k▲
Profit (loss) for the period9904€23k€38k▲
Profit (loss) for the period to be appropriated9905€23k€38k▲
Appropriation of the result
Profit (loss) to be appropriated9906€43k€58k▲
Profit (loss) brought forward from the previous period14P€20k€20k=
Transfer to equity691/2€23k€38k▲
To other reserves6921€23k€38k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
31-12
Financial
Highest result since 2018net €38k ▲64.5%
Operating result €54k, net result €38k, both a record.
31-12
Financial
Equity above €150kEq €185k ▲25.5%
8 profitable years in a row build equity to €185k.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Equity above €100kEq €103k ▲47.5%
5 profitable years in a row build equity to €103k.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 4.11
Current ratio from 1.84 to 4.11; short-term debt falls from €39k to €21k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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
Registered office, Gerpinnes · 1 establishment unit since 1987
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Place d'Hymiée(GER) 216280 GerpinnesGround area
49 m²
Building footprint
44 m²
Volume, LiDAR
356 m³
Parcel 52025E0169/00D000, Wallonia · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Place d'Hymiée(GER) 21, 6280 Gerpinnes
since 19872.030.932.649
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52025E0169/00D000 | Wallonia | 49 m² | 1 · 44 m² | 10.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
J.H. KOELTECHNIEK BELGIE
BE 0471.408.617
Knokke-Heist · Eq €185k
RUBCO
BE 0420.070.871
Oudsbergen · Eq €185k
ZEROBUILD
BE 0445.114.588
Mol · Eq €185k
KNS
BE 0446.734.488
Roeselare · Eq €183k
Neft
BE 0798.341.969
Beringen · Eq €187k
Of 1,247 companies in sector 46643 we hold annual accounts for 954. 675 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-01-1987
Fiscal year end31-12
Activities, NACEBEL
46643Wholesale of electrical equipment, including installation materials
47553Retail trade
47593Retail trade
51880
29322
33120Repair and maintenance of machinery
46180Agents specialised in the wholesale of other particular products
46610Wholesale trade
47789Other retail sale of new goods
52498
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73300Public relations and communication consultancy
81300Landscape service activities
85592Vocational training
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.