TRANSNATE
ActiveSummary
TRANSNATE has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €30,874 and a net result of €208. Equity is growing by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 24% of 3507 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability58=
Solvency41▲+2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 33.34 against 2.77 in 2024; short-term debt: 1.6% and cash: 4.6% of total assets), but 83.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
16.2%
Return on assets
0.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 3507 sector peers (2025).
NBB · sector comparisonPosition among 3507 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
11 d late
2023
266 d late
2022
632 d late
2021
96 d late
2020
1752 d late
2019
2117 d late
← 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 696 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 4 November (4 of the last 5 filed years within 171 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€30,874▲ 0.7%
2024 · €30,666
Total assets
€189,998▼ 15.3%
2024 · €224,322
Net result
€208▼ 91.2%
2024 · €2,358
Working capital
€95,445▲ 43.9%
2024 · €66,349
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, 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
Line20212022202320242025
Operating result€35,321▲ 27.5%-€15,661€14,208€13,437▼ 5.4%€8,069▼ 39.9%
Net result€41,530above the sector's middle half-€27,906below the sector's middle half€3,031within the sector's middle half€2,358within the sector's middle half▼ 22.2%€208within the sector's middle half▼ 91.2%
Equity€53,183within the sector's middle half▲ 356%€25,277within the sector's middle half▼ 52.5%€28,308within the sector's middle half▲ 12.0%€30,666within the sector's middle half▲ 8.3%€30,874within the sector's middle half▲ 0.7%
Total assets€404,153above the sector's middle half▼ 0.4%€297,227above the sector's middle half▼ 26.5%€260,626above the sector's middle half▼ 12.3%€224,322above the sector's middle half▼ 13.9%€189,998within the sector's middle half▼ 15.3%
Debt€350,970▼ 11.0%€271,950▼ 22.5%€232,318▼ 14.6%€193,656▼ 16.6%€159,124▼ 17.8%
Working capital€103,575above the sector's middle half▲ 66.3%€73,308within the sector's middle half▼ 29.2%€72,566within the sector's middle half▼ 1.0%€66,349within the sector's middle half▼ 8.6%€95,445above the sector's middle half▲ 43.9%
Solvency13.2%below the sector's middle half▲ 10.3pp8.5%below the sector's middle half▼ 4.7pp10.9%below the sector's middle half▲ 2.4pp13.7%below the sector's middle half▲ 2.8pp16.2%below the sector's middle half▲ 2.6pp
Current ratio2.07within the sector's middle half▲ 0.512.50within the sector's middle half▲ 0.432.73within the sector's middle half▲ 0.232.77within the sector's middle half▲ 0.0433.34above the sector's middle half▲ 30.57
Return on assets (ROA)10.3%within the sector's middle half▲ 12.3pp-9.4%below the sector's middle half▼ 19.7pp1.2%within the sector's middle half▲ 10.6pp1.1%within the sector's middle half▼ 0.1pp0.1%within the sector's middle half▼ 0.9pp
Staff (FTE)3.12.8▼ 9.7%2.7▼ 3.6%
above
within
below
the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 40% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €189,998
Fixed assets
€91,601 ▼ 24.0%
Current assets
€98,397 ▼ 5.2%
Equity and liabilities €189,998
Equity
€30,874 ▲ 0.7%
Debt
€159,124 ▼ 17.8%
Debt's share of the balance-sheet total falls from 86.3% to 83.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€36,958▼
2024 · €43,428
Cash flow
€29,097▼
2024 · €32,349
Debt to equity
5.15▼
2024 · 6.32
ROE
0.7%▼
2024 · 7.7%
Interest coverage
4.64▲
2024 · 4.60
Debt ≤ 1 year
€2,951▼
2024 · €37,483
Debt > 1 year
€156,173=
2024 · €156,173
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,504 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
1.6%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 4,504 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €48,606 | €49,024 | €12,363 | €3,416 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,649 | €28,889 | €28,889 | €29,991 | €28,889 | ▼ 3.7% |
| Other operating charges640/8 | €2,698 | €5,119 | €3,280 | €1,297 | €3,126 | ▲ 141% |
| Gross operating margin9900 | €116,274 | €67,371 | €58,740 | €48,141 | €40,085 | ▼ 16.7% |
| Operating profit (loss)9901 | €35,321 | -€15,661 | €14,208 | €13,437 | €8,069 | ▼ 39.9% |
| Financial income75/76B | €21,508 | €1,530 | - | - | €99 | - |
| Recurring financial income75 | €21,508 | €1,530 | - | - | €99 | - |
| Financial charges65/66B | €15,299 | €13,775 | €11,178 | €9,435 | €7,960 | ▼ 15.6% |
| Recurring financial charges65 | €15,299 | €13,775 | €11,178 | €9,435 | €7,960 | ▼ 15.6% |
| Profit (loss) for the period before taxes9903 | €41,530 | -€27,906 | €3,031 | €4,002 | €208 | ▼ 94.8% |
| Income taxes67/77 | - | - | - | €1,644 | - | - |
| Profit (loss) for the period9904 | €41,530 | -€27,906 | €3,031 | €2,358 | €208 | ▼ 91.2% |
| Profit (loss) for the period to be appropriated9905 | €41,530 | -€27,906 | €3,031 | €2,358 | €208 | ▼ 91.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €404,153 | €297,227 | €260,626 | €224,322 | €189,998 | ▼ 15.3% |
| Fixed assets21/28 | €203,832 | €174,943 | €146,054 | €120,490 | €91,601 | ▼ 24.0% |
| Intangible fixed assets21 | €187,732 | €158,843 | €129,954 | €101,065 | €72,176 | ▼ 28.6% |
| Tangible fixed assets22/27 | - | - | - | €3,325 | €3,325 | = |
| Furniture and vehicles24 | - | - | - | €3,325 | €3,325 | = |
| Financial fixed assets28 | €16,100 | €16,100 | €16,100 | €16,100 | €16,100 | = |
| Current assets29/58 | €200,321 | €122,285 | €114,572 | €103,831 | €98,397 | ▼ 5.2% |
| Amounts receivable after more than one year29 | €64,000 | €44,000 | €44,000 | €44,000 | €44,000 | = |
| Other amounts receivable291 | €64,000 | €44,000 | €44,000 | €44,000 | €44,000 | = |
| Stocks and contracts in progress3 | €41,528 | €23,349 | - | - | - | - |
| Stocks30/36 | €41,528 | €23,349 | - | - | - | - |
| Amounts receivable within one year40/41 | €63,845 | €23,955 | €38,894 | €49,957 | €45,585 | ▼ 8.8% |
| Trade receivables40 | €44,400 | €23,216 | €28,297 | €25,448 | €31,280 | ▲ 22.9% |
| Other amounts receivable41 | €19,445 | €739 | €10,597 | €24,509 | €14,304 | ▼ 41.6% |
| Cash at bank and in hand54/58 | €30,949 | €30,980 | €31,675 | €9,875 | €8,812 | ▼ 10.8% |
| Deferred charges and accrued income490/1 | - | - | €3 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €404,153 | €297,227 | €260,626 | €224,322 | €189,998 | ▼ 15.3% |
| Equity10/15 | €53,183 | €25,277 | €28,308 | €30,666 | €30,874 | ▲ 0.7% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Outside capital11 | €6,200 | €6,200 | €6,200 | - | - | - |
| Other1109/19 | €6,200 | €6,200 | €6,200 | - | - | - |
| Reserves13 | €27,008 | €27,008 | €27,008 | €27,008 | €27,008 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €25,148 | €25,148 | €25,148 | €25,148 | €25,148 | = |
| Profit (loss) carried forward14 | €19,976 | -€7,931 | -€4,900 | -€2,542 | -€2,334 | ▲ 8.2% |
| Amounts payable17/49 | €350,970 | €271,950 | €232,318 | €193,656 | €159,124 | ▼ 17.8% |
| Amounts payable after more than one year17 | €254,223 | €222,974 | €190,312 | €156,173 | €156,173 | = |
| Financial debts170/4 | €254,223 | €222,974 | €190,312 | €156,173 | €156,173 | = |
| Amounts payable within one year42/48 | €96,746 | €48,977 | €42,006 | €37,483 | €2,951 | ▼ 92.1% |
| Current portion of amounts payable after more than one year42 | €29,898 | €31,351 | €32,662 | €34,138 | - | - |
| Financial debts43 | €20,025 | - | - | - | - | - |
| Credit institutions430/8 | €20,025 | - | - | - | - | - |
| Trade debts44 | €3,568 | - | €5,193 | - | - | - |
| Suppliers440/4 | €3,568 | - | €5,193 | - | - | - |
| Taxes, remuneration and social security45 | €41,615 | €17,626 | €4,151 | €3,345 | €2,951 | ▼ 11.8% |
| Taxes450/3 | €30,445 | €13,613 | €4,151 | €3,345 | €2,951 | ▼ 11.8% |
| Remuneration and social security454/9 | €11,170 | €4,013 | - | - | - | - |
| Other amounts payable47/48 | €1,639 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41,530 | -€27,906 | €3,031 | €2,358 | €208 | ▼ 91.2% |
| + Depreciation and write-downs630 | €29,649 | €28,889 | €28,889 | €29,991 | €28,889 | ▼ 3.7% |
| Operating cash flow (approximation) | €71,179 | €982 | €31,920 | €32,349 | €29,097 | ▼ 10.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€4,427 | €0 | ▲ 100% |
| Change in cash | - | €32 | €694 | -€21,800 | -€1,063 | ▲ 95.1% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
18-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1752 days late
18-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 2117 days late
2025
31-12
Financial
Liquidity times 12current ratio 33.34
Current ratio from 2.77 to 33.34; short-term debt falls from €37,483 to €2,951.
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 266 days late
23-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 632 days late
2023
31-12
Financial
Back to profitnet €3,031
Net result €3,031 after one loss-making year.
2022
31-12
Financial
Weakest financial yearnet -€27,906
Net result drops to -€27,906, the lowest in the series; recovery starts the following year.
04-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 96 days late
2021
31-12
Financial
Back to profitnet €41,530
Net result €41,530 after 3 loss-making years.
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
20-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 51 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 60 days late
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, Kalmthout · 1 establishment unit since 2010
Ground area
1,029 m²
Building footprint
132 m²
Volume, LiDAR
837 m³
Parcel 11662E0160/00S000, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TRANSNATE
since 20102.188.824.794
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11662E0160/00S000 | Flanders | 1,029 m² | 1 · 132 m² | 10.1 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.
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Of 4,526 companies in sector 74301 we hold annual accounts for 720. 593 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
Founded25-05-2010
Fiscal year end31-12
Activities, NACEBEL 2025
74301Translation services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0826345770
Also
9925:BE0826345770
Registered
29-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.