Transmovers
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 122 days after the deadline Filed on 2 June 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00153388.
Annual accounts 2025 filed on 02-06-2026 PDF all 4 filings
Every figure per financial year
The operating result for 2025 is a loss of €19,743, smaller than the loss of €32,995 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €20,159 | €8,800 | €16,500 | - |
| Depreciation and write-downs of the year | €3,091 | €3,592 | €2,712 | €2,712 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €2,644 | - | - |
| Remuneration, social security and pensions62 | €793 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,091 | €3,592 | €2,712 | €2,712 | = |
| Other operating charges640/8 | €4,889 | €2,965 | €2,068 | €1,012 | ▼ 51.0% |
| Non-recurring operating charges66A | €11,400 | €4,110 | €7,094 | €4,500 | ▼ 36.6% |
| Gross operating margin9900 | €24,213 | €48,484 | -€21,122 | -€11,519 | ▲ 45.5% |
| Operating profit (loss)9901 | €4,040 | €37,818 | -€32,995 | -€19,743 | ▲ 40.2% |
| Financial income75/76B | - | €125 | - | - | - |
| Recurring financial income75 | - | €125 | - | - | - |
| Financial charges65/66B | €251 | €195 | €172 | €375 | ▲ 118% |
| Recurring financial charges65 | €251 | €195 | €172 | €375 | ▲ 118% |
| Profit (loss) for the period before taxes9903 | €3,789 | €37,747 | -€33,167 | -€20,117 | ▲ 39.3% |
| Income taxes67/77 | €1,614 | €10,989 | €105 | €119 | ▲ 13.5% |
| Profit (loss) for the period9904 | €2,175 | €26,759 | -€33,272 | -€20,236 | ▲ 39.2% |
| Profit (loss) for the period to be appropriated9905 | €2,175 | €26,759 | -€33,272 | -€20,236 | ▲ 39.2% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €49,955 | €67,545 | €32,698 | €30,889 | ▼ 5.5% |
| Fixed assets21/28 | €17,068 | €18,166 | €24,034 | €16,822 | ▼ 30.0% |
| Tangible fixed assets22/27 | €17,068 | €18,166 | €24,034 | €16,822 | ▼ 30.0% |
| Furniture and vehicles24 | €17,068 | €18,166 | €24,034 | €16,822 | ▼ 30.0% |
| Current assets29/58 | €32,887 | €49,379 | €8,664 | €14,067 | ▲ 62.4% |
| Amounts receivable within one year40/41 | €9,664 | €8,594 | €960 | €14,067 | ▲ 15× |
| Trade receivables40 | €9,664 | €8,594 | €960 | €14,067 | ▲ 15× |
| Cash at bank and in hand54/58 | €23,223 | €40,506 | €7,704 | - | - |
| Deferred charges and accrued income490/1 | - | €279 | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €49,955 | €67,545 | €32,698 | €30,889 | ▼ 5.5% |
| Equity10/15 | €13,575 | €40,334 | €7,063 | -€13,174 | - |
| Contributions10/11 | €11,400 | €11,400 | €11,400 | €11,400 | = |
| Capital10 | €11,400 | - | - | - | - |
| Issued capital100 | €11,400 | - | - | - | - |
| Reserves13 | - | €26,759 | €26,759 | €26,759 | = |
| Distributable reserves133 | - | €26,759 | €26,759 | €26,759 | = |
| Profit (loss) carried forward14 | €2,175 | €2,175 | -€31,096 | -€51,333 | ▼ 65.1% |
| Amounts payable17/49 | €36,380 | €27,210 | €25,635 | €44,063 | ▲ 71.9% |
| Amounts payable within one year42/48 | €28,728 | €27,210 | €25,635 | €44,063 | ▲ 71.9% |
| Financial debts43 | - | - | - | €12 | - |
| Credit institutions430/8 | - | - | - | €12 | - |
| Trade debts44 | €3,668 | €2,407 | €1,715 | €24,591 | ▲ 14× |
| Suppliers440/4 | €3,668 | €2,407 | €1,715 | €24,591 | ▲ 14× |
| Taxes, remuneration and social security45 | €2,308 | €11,684 | €11,215 | €1,287 | ▼ 88.5% |
| Taxes450/3 | €2,308 | €11,684 | €11,215 | €1,287 | ▼ 88.5% |
| Other amounts payable47/48 | €22,752 | €13,119 | €12,705 | €18,174 | ▲ 43.0% |
| Accrued charges and deferred income492/3 | €7,652 | - | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,175 | €26,759 | -€33,272 | -€20,236 | ▲ 39.2% |
| + Depreciation and write-downs630 | €3,091 | €3,592 | €2,712 | €2,712 | = |
| Operating cash flow (approximation) | €5,266 | €30,351 | -€30,560 | -€17,525 | ▲ 42.7% |
| Investment in fixed assets (approximation) | - | -€4,690 | -€8,580 | €4,500 | - |
| Change in cash | - | €17,283 | -€32,802 | - | - |
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, 6,008 companies had the same profile as Transmovers has now. Two years later, 83.0% were still going and 7.9% had gone bankrupt.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Transmovers itself: 10.0% 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 6,008 companies, not a prediction for Transmovers. 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.