TRANSNAM
Open bankruptcyA bankruptcy procedure is open for TRANSNAM according to publications in the Belgian State Gazette; curator: MARTIN MARINX.
Summary
The 2023 annual accounts show equity of €274,705 and a net result of €3,447.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Liège, Namur division
- Declared bankrupt
- 7 August 2025
- Supervising judge
- Nadia Ajvazov
- Official Gazette
- 27-08-2025 (pdf) ↗search the document for 2025/133992
Deadlines
- Appeal or third-party opposition until
- passed on 11 September 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- Late claim until
- passed on 7 August 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Martin MarinxRue Phocas Lejeune 8, 5032 02 Isnesmartin.marinx@avocat.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 18-07-2024, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
13 d early
2022
30 d late
2021
30 d late
2020
152 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 58 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?List enrichment How is the Freight transport by road sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, full schema
Turnover
€4.9m▼ 32.6%
2022 · €7.3m
EBIT margin
1.9%▲ 1.3pp
2022 · 0.6%
Net result
€3,447
2022 · -€9,577
Working capital
-€232,319▲ 64.0%
2022 · -€645,561
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Turnover€7.9m▲ 6.2%€7.4m▼ 6.8%€7.4m▲ 0.7%€7.3m▼ 1.8%€4.9m▼ 32.6%
Operating result€130,305€78,350▼ 39.9%€115,747▲ 47.7%€41,923▼ 63.8%€94,064▲ 124%
Net result€33,558€6,475within the sector's middle half▼ 80.7%-€35,000below the sector's middle half-€9,577below the sector's middle half▲ 72.6%€3,447within the sector's middle half
EBIT margin1.6%▲ 3.4pp1.1%▼ 0.6pp1.6%▲ 0.5pp0.6%▼ 1.0pp1.9%▲ 1.3pp
Equity€309,360▲ 12.2%€315,835within the sector's middle half▲ 2.1%€280,835within the sector's middle half▼ 11.1%€271,258within the sector's middle half▼ 3.4%€274,705within the sector's middle half▲ 1.3%
Total assets€6.2m▲ 36.7%€4.3mabove the sector's middle half▼ 30.5%€3.3mwithin the sector's middle half▼ 23.5%€4.1mwithin the sector's middle half▲ 25.0%€1.8mwithin the sector's middle half▼ 56.4%
Debt€5.8m▲ 39.3%€3.9m▼ 32.8%€2.9m▼ 25.1%€3.7m▲ 28.7%€1.5m▼ 59.3%
Working capital-€646,877▼ 108%-€525,226below the sector's middle half▲ 18.8%-€536,615below the sector's middle half▼ 2.2%-€645,561below the sector's middle half▼ 20.3%-€232,319below the sector's middle half▲ 64.0%
Solvency5.0%▼ 1.1pp7.3%below the sector's middle half▲ 2.3pp8.5%below the sector's middle half▲ 1.2pp6.6%below the sector's middle half▼ 1.9pp15.3%below the sector's middle half▲ 8.7pp
Current ratio0.83▼ 0.070.79below the sector's middle half▼ 0.030.74below the sector's middle half▼ 0.050.77below the sector's middle half▲ 0.030.76below the sector's middle half▼ 0.01
Return on assets (ROA)0.5%▲ 4.6pp0.2%within the sector's middle half▼ 0.4pp-1.1%below the sector's middle half▼ 1.2pp-0.2%within the sector's middle half▲ 0.8pp0.2%within the sector's middle half▲ 0.4pp
Staff (FTE)113.7▲ 0.8%116above the sector's middle half▲ 2.0%101.4above the sector's middle half▼ 12.6%92.5above the sector's middle half▼ 8.8%73.9above the sector's middle half▼ 20.1%
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2023; 2023 is 124% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.8m
Fixed assets
€1.1m ▼ 46.8%
Current assets
€730,091 ▼ 65.4%
Equity and liabilities €1.8m
Equity
€274,705 ▲ 1.3%
Provisions
€0 ▼ 100%
Debt
€1.5m ▼ 59.3%
Debt's share of the balance-sheet total falls from 90.8% to 84.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€651,376▼
2022 · €909,037
Cash flow
€560,759▼
2022 · €857,537
Debt to equity
5.55▼
2022 · 13.80
ROE
1.3%▲
2022 · -3.5%
Interest coverage
10.42▼
2022 · 15.80
Debt ≤ 1 year
€962,409▼
2022 · €2.8m
Debt > 1 year
€524,755▼
2022 · €982,665
Income taxes
€21,117▲
2022 · -€10,476
Staff costs
€3.2m▼
2022 · €3.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €7.7m | €7.6m | €6.1m | ▼ 19.5% |
| Turnover70 | €7.9m | €7.4m | €7.4m | €7.3m | €4.9m | ▼ 32.6% |
| Other operating income74 | - | - | €325,748 | €292,499 | €1.2m | ▲ 306% |
| Operating charges60/66A | - | - | €7.6m | €7.5m | €6.0m | ▼ 20.3% |
| Goods for resale, raw materials and consumables60 | - | - | €39,920 | €52,690 | €31,975 | ▼ 39.3% |
| Purchases600/8 | - | - | €39,920 | €52,690 | €31,975 | ▼ 39.3% |
| Services and other goods61 | - | - | €2.4m | €2.6m | €1.8m | ▼ 31.1% |
| Remuneration, social security and pensions62 | - | - | €4.2m | €3.9m | €3.2m | ▼ 17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €794,504 | €800,056 | €783,898 | €867,114 | €557,313 | ▼ 35.7% |
| Other operating charges640/8 | - | - | €137,881 | €118,320 | €130,103 | ▲ 10.0% |
| Non-recurring operating charges66A | - | - | €54,862 | €29,139 | €308,426 | ▲ 958% |
| Operating profit (loss)9901 | €130,305 | €78,350 | €115,747 | €41,923 | €94,064 | ▲ 124% |
| Financial income75/76B | - | - | €0 | €1 | - | - |
| Recurring financial income75 | €0 | €3 | €0 | €1 | - | - |
| Other financial income752/9 | - | - | €0 | €1 | - | - |
| Financial charges65/66B | - | - | €51,791 | €61,977 | €69,500 | ▲ 12.1% |
| Recurring financial charges65 | €65,981 | €71,879 | €51,791 | €61,977 | €69,500 | ▲ 12.1% |
| Debt charges650 | €50,832 | €52,489 | €44,127 | €57,534 | €62,525 | ▲ 8.7% |
| Other financial charges652/9 | - | - | €7,663 | €4,443 | €6,975 | ▲ 57.0% |
| Profit (loss) for the period before taxes9903 | €64,324 | €6,475 | €63,957 | -€20,053 | €24,564 | ▲ 222% |
| Income taxes67/77 | €30,767 | - | €98,957 | -€10,476 | €21,117 | ▲ 302% |
| Taxes670/3 | - | - | €101,921 | €20,800 | €26,553 | ▲ 27.7% |
| Tax adjustments and reversals of tax provisions77 | - | - | €2,964 | €31,276 | €5,436 | ▼ 82.6% |
| Profit (loss) for the period9904 | €33,558 | €6,475 | -€35,000 | -€9,577 | €3,447 | ▲ 136% |
| Profit (loss) for the period to be appropriated9905 | €33,558 | €6,475 | -€35,000 | -€9,577 | €3,447 | ▲ 136% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.2m | €4.3m | €3.3m | €4.1m | €1.8m | ▼ 56.4% |
| Formation expenses20 | €58,565 | €43,923 | €29,282 | €14,641 | €7,311 | ▼ 50.1% |
| Fixed assets21/28 | €3.0m | €2.2m | €1.7m | €2.0m | €1.1m | ▼ 46.8% |
| Tangible fixed assets22/27 | €3.0m | €2.2m | €1.7m | €2.0m | €1.1m | ▼ 46.8% |
| Plant, machinery and equipment23 | - | - | €53,353 | €83,630 | €65,059 | ▼ 22.2% |
| Furniture and vehicles24 | - | - | €135,372 | €200,363 | €68,293 | ▼ 65.9% |
| Leasing and similar rights25 | - | - | €1.5m | €1.7m | €928,712 | ▼ 45.7% |
| Financial fixed assets28 | €4,579 | €4,444 | €4,579 | - | - | - |
| Other financial fixed assets284/8 | - | - | €4,579 | - | - | - |
| Amounts receivable and cash guarantees285/8 | - | - | €4,579 | - | - | - |
| Current assets29/58 | €3.1m | €2.0m | €1.5m | €2.1m | €730,091 | ▼ 65.4% |
| Amounts receivable within one year40/41 | €3.0m | €1.8m | €1.4m | €2.0m | €526,459 | ▼ 73.6% |
| Trade receivables40 | - | - | €651 | €16,327 | €343,406 | ▲ 2,003% |
| Other amounts receivable41 | - | - | €1.4m | €2.0m | €183,053 | ▼ 90.7% |
| Cash at bank and in hand54/58 | €29,046 | €16,545 | €8,404 | €1,265 | €157,924 | ▲ 12,388% |
| Deferred charges and accrued income490/1 | - | - | €163,085 | €120,317 | €45,707 | ▼ 62.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.2m | €4.3m | €3.3m | €4.1m | €1.8m | ▼ 56.4% |
| Equity10/15 | €309,360 | €315,835 | €280,835 | €271,258 | €274,705 | ▲ 1.3% |
| Contributions10/11 | €142,000 | €142,000 | €142,000 | €142,000 | €142,000 | = |
| Capital10 | - | - | €142,000 | €142,000 | €142,000 | = |
| Issued capital100 | - | - | €142,000 | €142,000 | €142,000 | = |
| Reserves13 | €317,858 | €318,182 | €318,182 | €318,182 | €318,354 | ▲ 0.1% |
| Non-distributable reserves130/1 | - | - | €2,148 | €2,148 | €2,321 | ▲ 8.0% |
| Legal reserve130 | - | - | €2,148 | €2,148 | €2,321 | ▲ 8.0% |
| Tax-exempt reserves132 | - | - | €316,034 | €316,034 | €316,034 | = |
| Profit (loss) carried forward14 | -€150,498 | -€144,347 | -€179,347 | -€188,924 | -€185,650 | ▲ 1.7% |
| Provisions and deferred taxes16 | €109,115 | €109,115 | €109,115 | €109,115 | - | - |
| Provisions for liabilities and charges160/5 | - | - | €109,115 | €109,115 | - | - |
| Other liabilities and charges164/5 | - | - | €109,115 | €109,115 | - | - |
| Amounts payable17/49 | €5.8m | €3.9m | €2.9m | €3.7m | €1.5m | ▼ 59.3% |
| Amounts payable after more than one year17 | €2.0m | €1.3m | €828,342 | €982,665 | €524,755 | ▼ 46.6% |
| Financial debts170/4 | - | - | €828,342 | €982,665 | €524,755 | ▼ 46.6% |
| Leasing and similar obligations172 | - | - | €828,342 | €982,665 | €524,755 | ▼ 46.6% |
| Amounts payable within one year42/48 | €3.7m | €2.6m | €2.1m | €2.8m | €962,409 | ▼ 65.1% |
| Current portion of amounts payable after more than one year42 | - | - | €718,820 | €699,904 | €359,337 | ▼ 48.7% |
| Trade debts44 | €504,177 | €485,925 | €456,836 | €218,833 | €164,423 | ▼ 24.9% |
| Suppliers440/4 | - | - | €456,836 | €218,833 | €164,423 | ▼ 24.9% |
| Taxes, remuneration and social security45 | - | - | €888,794 | €449,181 | €438,649 | ▼ 2.3% |
| Taxes450/3 | - | - | €79,881 | €80,670 | €52,844 | ▼ 34.5% |
| Remuneration and social security454/9 | - | - | €808,914 | €368,511 | €385,806 | ▲ 4.7% |
| Other amounts payable47/48 | - | - | - | €1.4m | - | - |
| Accrued charges and deferred income492/3 | - | - | €14,555 | €1,535 | €37,596 | ▲ 2,349% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,558 | €6,475 | -€35,000 | -€9,577 | €3,447 | ▲ 136% |
| + Depreciation and write-downs630 | €794,504 | €800,056 | €783,898 | €867,114 | €557,313 | ▼ 35.7% |
| Operating cash flow (approximation) | €828,062 | €806,531 | €748,898 | €857,537 | €560,759 | ▼ 34.6% |
| Investment in fixed assets (approximation) | - | €3,986 | -€291,189 | -€1.1m | €376,116 | ▲ 134% |
| Change in cash | - | -€12,501 | -€8,141 | -€7,139 | €156,659 | ▲ 2,294% |
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
2025
27-08
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Namur · event 07-08-2025
13-08
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Namur · event 07-08-2025
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €3,447
Net result €3,447 after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
30-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 152 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
31-12
Financial
Back to profitnet €33,558
Net result €33,558 after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 26 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
01-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
26-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 16 acts read
About the unread acts
We know of 16 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
16 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, Ciney · 8 establishment units since 1990
Ground area
5.1 ha
Building footprint
1.4 ha
Volume, LiDAR
4,578 m³
7 parcels, Wallonia · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
8 establishment units
TRANSNAM
since 19902.261.250.043
TRANSNAM
since 20022.259.676.663
TRANSNAM
since 20072.286.686.116
TRANSNAM
since 20082.286.678.592
TRANSNAM
since 20132.286.678.988
TRANSNAM
since 20142.286.678.691
Show 2 more locations
TRANSNAM
since 20142.286.678.889
TRANSNAM
since 20152.259.676.465
7 parcels
Wallonia
7
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92046B0024/02Y000 | Wallonia | 2.9 ha | 1 · 9,924 m² | - |
| 91030B0245/00D003 | Wallonia | 1.6 ha | 1 · 2,633 m² | - |
| 91030B0205/00_000 | Wallonia | 2,379 m² | - | - |
| 92025A0019/00N000 | Wallonia | 1,554 m² | 1 · 104 m² | - |
| 62096A0288/00F006 | Wallonia | 991 m² | 1 · 593 m² | 8.8 m · 2 fl. |
| 25082B0301/00E002 | Wallonia | 585 m² | 1 · 166 m² | 6.2 m · 2 fl. |
| 56058C0506/00F000 | Wallonia | 204 m² | 1 · 101 m² | 10.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
7 of 7 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MARTIN MARINX RUE PHOCAS LEJEUNE 8, 5032 02
ISNES |
07-08-2025 → present |
Structure & network
Owners and holdings
1 ownerChain of control
- AB Holding
- TRANSNAM
Highest known parent: AB Holding. The sources do not say who stands above it.
Owners 1
- AB HoldingparentSourceaccounts AB Holding 2023100%
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 12,582 companies in sector 49410 we hold annual accounts for 8,203. 5,934 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded17-02-1990
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
52249Warehousing and support activities for transportation
Contact
Phone
0081/44 72 72Namur
Fax
081/224647Namur
Phone
+3281447272Ciney
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.