TRANSMISSION SERVICES
ActiveSummary
TRANSMISSION SERVICES has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €150,580 and a net result of €38,831. Equity is growing by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 35% of 1060 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-2
Solvency56▼-21
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity tight (current ratio 1.42 against 2.34 in 2024; short-term debt: 65.1% and cash: 7.7% of total assets), and 69.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
about 19% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
30.5%
Return on assets
7.9%
Age of the figures
15 mo
neutral · A punctual record breaks
This company filed 8 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 01-02-2026, 1 day late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 9 filingsDeviation from the deadline
2025
1 d late
2024
on the day
2023
72 d early
2022
56 d early
2021
56 d early
2020
65 d early
2019
57 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 44 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 6 December (4 of the last 5 filed years within 56 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€150,580▲ 34.7%
2024 · €111,749
Total assets
€493,569▲ 131%
2024 · €213,729
Net result
€38,831▲ 92.8%
2024 · €20,135
Working capital
€134,285▲ 39.9%
2024 · €95,971
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€21,483▲ 200%-€7,435€4,156€21,650▲ 421%€64,146▲ 196%
Net result€16,516within the sector's middle half▲ 221%-€6,714below the sector's middle half€3,521below the sector's middle half€20,135within the sector's middle half▲ 472%€38,831within the sector's middle half▲ 92.8%
Equity€94,806below the sector's middle half▲ 21.1%€88,093below the sector's middle half▼ 7.1%€91,614below the sector's middle half▲ 4.0%€111,749below the sector's middle half▲ 22.0%€150,580within the sector's middle half▲ 34.7%
Total assets€139,705below the sector's middle half▲ 35.3%€129,867below the sector's middle half▼ 7.0%€147,127below the sector's middle half▲ 13.3%€213,729below the sector's middle half▲ 45.3%€493,569within the sector's middle half▲ 131%
Debt€44,899▲ 80.1%€41,774▼ 7.0%€55,514▲ 32.9%€101,980▲ 83.7%€342,989▲ 236%
Working capital€78,912within the sector's middle half▲ 28.9%€77,337within the sector's middle half▼ 2.0%€83,883within the sector's middle half▲ 8.5%€95,971within the sector's middle half▲ 14.4%€134,285within the sector's middle half▲ 39.9%
Solvency67.9%above the sector's middle half▼ 8.0pp67.8%above the sector's middle half=62.3%within the sector's middle half▼ 5.6pp52.3%within the sector's middle half▼ 10.0pp30.5%within the sector's middle half▼ 21.8pp
Current ratio2.76above the sector's middle half▼ 0.702.85above the sector's middle half▲ 0.092.51within the sector's middle half▼ 0.342.34within the sector's middle half▼ 0.171.42within the sector's middle half▼ 0.93
Return on assets (ROA)11.8%above the sector's middle half▲ 6.8pp-5.2%below the sector's middle half▼ 17.0pp2.4%within the sector's middle half▲ 7.6pp9.4%within the sector's middle half▲ 7.0pp7.9%within the sector's middle half▼ 1.6pp
above
within
below
the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 196% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €493,569
Fixed assets
€37,930 ▼ 18.2%
Current assets
€455,639 ▲ 172%
Equity and liabilities €493,569
Equity
€150,580 ▲ 34.7%
Debt
€342,989 ▲ 236%
Debt's share of the balance-sheet total rises from 47.7% to 69.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€75,662▲
2024 · €31,766
Cash flow
€50,347▲
2024 · €30,252
Quick ratio
1.04▼
2024 · 1.23
Debt to equity
2.28▲
2024 · 0.91
ROE
25.8%▲
2024 · 18.0%
Interest coverage
11.76▼
2024 · 16.12
Debt ≤ 1 year
€321,354▲
2024 · €71,376
Debt > 1 year
€21,609▼
2024 · €30,604
Income taxes
€20,569▲
2024 · €22
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.3%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,811 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,069 | €5,139 | €3,025 | €10,117 | €11,517 | ▲ 13.8% |
| Other operating charges640/8 | - | €1,272 | €13,916 | €1,108 | €507 | ▼ 54.2% |
| Gross operating margin9900 | €28,099 | -€1,023 | €21,096 | €32,875 | €76,170 | ▲ 132% |
| Operating profit (loss)9901 | €21,483 | -€7,435 | €4,156 | €21,650 | €64,146 | ▲ 196% |
| Financial income75/76B | - | €918 | €2 | €478 | €1,688 | ▲ 253% |
| Recurring financial income75 | €1,357 | €918 | €2 | €478 | €1,688 | ▲ 253% |
| Financial charges65/66B | - | €196 | €636 | €1,970 | €6,434 | ▲ 227% |
| Recurring financial charges65 | €429 | €196 | €636 | €1,970 | €6,434 | ▲ 227% |
| Profit (loss) for the period before taxes9903 | €22,410 | -€6,714 | €3,521 | €20,158 | €59,400 | ▲ 195% |
| Income taxes67/77 | €5,895 | - | - | €22 | €20,569 | ▲ 92,512% |
| Profit (loss) for the period9904 | €16,516 | -€6,714 | €3,521 | €20,135 | €38,831 | ▲ 92.8% |
| Profit (loss) for the period to be appropriated9905 | €16,516 | -€6,714 | €3,521 | €20,135 | €38,831 | ▲ 92.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €139,705 | €129,867 | €147,127 | €213,729 | €493,569 | ▲ 131% |
| Fixed assets21/28 | €15,895 | €10,755 | €7,731 | €46,382 | €37,930 | ▼ 18.2% |
| Tangible fixed assets22/27 | €15,895 | €10,755 | €7,731 | €46,382 | €36,670 | ▼ 20.9% |
| Plant, machinery and equipment23 | - | €600 | - | - | - | - |
| Furniture and vehicles24 | - | €3,280 | €2,134 | €42,063 | €31,834 | ▼ 24.3% |
| Other tangible fixed assets26 | - | €6,875 | €5,597 | €4,319 | €4,836 | ▲ 12.0% |
| Financial fixed assets28 | - | - | - | - | €1,260 | - |
| Current assets29/58 | €123,811 | €119,112 | €139,396 | €167,347 | €455,639 | ▲ 172% |
| Stocks and contracts in progress3 | €13,527 | €18,889 | €8,529 | €79,232 | €122,047 | ▲ 54.0% |
| Stocks30/36 | - | €18,889 | €8,529 | €79,232 | €122,047 | ▲ 54.0% |
| Amounts receivable within one year40/41 | €75,375 | €57,447 | €86,893 | €69,104 | €294,987 | ▲ 327% |
| Trade receivables40 | - | €29,449 | €75,318 | €56,829 | €285,865 | ▲ 403% |
| Other amounts receivable41 | - | €27,997 | €11,575 | €12,275 | €9,122 | ▼ 25.7% |
| Cash at bank and in hand54/58 | €33,503 | €41,733 | €42,911 | €16,395 | €38,167 | ▲ 133% |
| Deferred charges and accrued income490/1 | - | €1,043 | €1,064 | €2,616 | €439 | ▼ 83.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €139,705 | €129,867 | €147,127 | €213,729 | €493,569 | ▲ 131% |
| Equity10/15 | €94,806 | €88,093 | €91,614 | €111,749 | €150,580 | ▲ 34.7% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €75,860 | €68,860 | €73,000 | €73,000 | €73,000 | = |
| Non-distributable reserves130/1 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | €67,000 | €73,000 | €73,000 | €73,000 | = |
| Profit (loss) carried forward14 | €346 | €633 | €14 | €20,149 | €58,980 | ▲ 193% |
| Amounts payable17/49 | €44,899 | €41,774 | €55,514 | €101,980 | €342,989 | ▲ 236% |
| Amounts payable after more than one year17 | - | - | - | €30,604 | €21,609 | ▼ 29.4% |
| Financial debts170/4 | - | - | - | €30,604 | €21,609 | ▼ 29.4% |
| Amounts payable within one year42/48 | €44,899 | €41,774 | €55,514 | €71,376 | €321,354 | ▲ 350% |
| Current portion of amounts payable after more than one year42 | - | - | - | €8,640 | €8,994 | ▲ 4.1% |
| Trade debts44 | €24,233 | €31,820 | €43,983 | €62,736 | €287,451 | ▲ 358% |
| Suppliers440/4 | - | €31,820 | €43,983 | €62,736 | €287,451 | ▲ 358% |
| Taxes, remuneration and social security45 | - | €9,955 | €11,530 | - | €22,123 | - |
| Taxes450/3 | - | €9,955 | €11,530 | - | €22,123 | - |
| Other amounts payable47/48 | - | - | - | - | €2,785 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €26 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,516 | -€6,714 | €3,521 | €20,135 | €38,831 | ▲ 92.8% |
| + Depreciation and write-downs630 | €6,069 | €5,139 | €3,025 | €10,117 | €11,517 | ▲ 13.8% |
| Operating cash flow (approximation) | €22,585 | -€1,574 | €6,546 | €30,252 | €50,347 | ▲ 66.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€48,768 | -€3,065 | ▲ 93.7% |
| Change in cash | - | €8,229 | €1,178 | -€26,515 | €21,771 | ▲ 182% |
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
Next filing, fiscal year 2026, expected by
2026
01-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 1 day late
2025
30-06
Financial
Highest result since 2019net €38,831 ▲92.8%
Operating result €64,146, net result €38,831, both a record.
30-06
Financial
Equity above €150,000Eq €150,580 ▲34.7%
3 profitable years in a row build equity to €150,580.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Equity above €100,000Eq €111,749 ▲22%
2 profitable years in a row build equity to €111,749.
2023
20-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Back to profitnet €3,521
Net result €3,521 after one loss-making year.
2022
06-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Weakest financial yearnet -€6,714
Net result drops to -€6,714, the lowest in the series; recovery starts the following year.
2021
06-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
05-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
27-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
14-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Essen · 1 establishment unit since 2008
Ground area
4,156 m²
Building footprint
1,730 m²
Volume, LiDAR
9,009 m³
Parcel 11016B0724/00L004, Flanders · tallest building 12.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
HB Transmissies
since 20082.172.860.079
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11016B0724/00L004 | Flanders | 4,156 m² | 1 · 1,730 m² | 12.5 m · 2 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.
Structure & network
Owners and holdings
1 ownerChain of control
- Wimanco
- TRANSMISSION SERVICES
Highest known parent: Wimanco. The sources do not say who stands above it.
Owners 1
- WimancoparentSourceaccounts Wimanco 2024100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 862 companies in sector 95100 we hold annual accounts for 264. 202 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
Founded23-06-2008
Fiscal year end30-06
Activities, NACEBEL 2025
46720Wholesale of motor vehicle parts and accessories
95100Repair and maintenance of computers and communication equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0899192176
Also
9925:BE0899192176
Registered
31-03-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.