TRANSNAVETTES
Open bankruptcyFinancials · financial year 2024, micro format
2024 annual accounts filed late (68 days) Filed on 7 October 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00533841.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€127,083▼ 18.2%
2023 · -€107,472
Working capital
-€166,587▼ 357%
2023 · -€36,419
Trend over the years
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result stays negative: a loss of €99,529 in 2024 against €100,699 in 2023; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€99,529
2024
Net result-€127,083
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€160,216
2024
Equity-€127,874
2024
Debt€288,090
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€166,587
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-79.3%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-79.8%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.32
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)9
2024
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 49, Land transport and transport via pipelines: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result€7,937-€67,955▲ 756%€68,531▲ 0.8%€92,854▲ 35.5%-€12,668-€100,699▼ 695%-€99,529▲ 1.2%
Net result-€7,340-€40,904€38,708within the sector's middle half▼ 5.4%€64,187within the sector's middle half▲ 65.8%-€16,749below the sector's middle half-€107,472below the sector's middle half▼ 542%-€127,083below the sector's middle half▼ 18.2%
Equity€31,710-€57,734▲ 82.1%€96,443within the sector's middle half▲ 67.0%€123,430within the sector's middle half▲ 28.0%€106,681above the sector's middle half▼ 13.6%-€791below the sector's middle half-€127,874below the sector's middle half▼ 16,057%
Total assets€500,610-€430,812▼ 13.9%€440,511within the sector's middle half▲ 2.3%€444,097within the sector's middle half▲ 0.8%€292,836above the sector's middle half▼ 34.1%€217,071within the sector's middle half▼ 25.9%€160,216within the sector's middle half▼ 26.2%
Debt€468,900-€373,078▼ 20.4%€344,068▼ 7.8%€320,668▼ 6.8%€186,155▼ 41.9%€217,862▲ 17.0%€288,090▲ 32.2%
Working capital-€47,423--€13,423▲ 71.7%€28,522within the sector's middle half€48,923within the sector's middle half▲ 71.5%€82,383above the sector's middle half▲ 68.4%-€36,419below the sector's middle half-€166,587below the sector's middle half▼ 357%
Solvency6.3%-13.4%▲ 7.1pp21.9%within the sector's middle half▲ 8.5pp27.8%within the sector's middle half▲ 5.9pp36.4%within the sector's middle half▲ 8.6pp-0.4%below the sector's middle half▼ 36.8pp-79.8%below the sector's middle half▼ 79.4pp
Current ratio0.82-0.94▲ 0.121.11within the sector's middle half▲ 0.181.18within the sector's middle half▲ 0.061.46within the sector's middle half▲ 0.280.76below the sector's middle half▼ 0.700.32below the sector's middle half▼ 0.45
Return on assets (ROA)-1.5%-9.5%▲ 11.0pp8.8%above the sector's middle half▼ 0.7pp14.5%above the sector's middle half▲ 5.7pp-5.7%below the sector's middle half▼ 20.2pp-49.5%below the sector's middle half▼ 43.8pp-79.3%below the sector's middle half▼ 29.8pp
Staff (FTE)9.9-9.9=8.3within the sector's middle half▼ 16.2%8.9within the sector's middle half▲ 7.2%11.3▲ 27.0%9
above
within
below
the middle half of NACE 49, Land transport and transport via pipelines: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €160,216
Fixed assets
€82,498 ▼ 16.6%
Current assets
€77,718 ▼ 34.2%
Equity and liabilities
Equity-€127,874
Debt€288,090
Equity is negative: debt (€288,090) exceeds the balance-sheet total (€160,216).
Key figures and ratios
EBITDA
-€74,268▼
2023 · -€69,708
Cash flow
-€101,821▼
2023 · -€76,482
Quick ratio
0.32▼
2023 · 0.76
Interest coverage
-2.70▲
2023 · -10.65
Debt ≤ 1 year
€244,305▲
2023 · €154,615
Debt > 1 year
€43,785▼
2023 · €63,248
Staff costs
€393,975▼
2023 · €412,262
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €3,619 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €324,954 | €329,328 | €412,262 | €393,975 | ▼ 4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €129,940 | €124,934 | €97,492 | €85,208 | €93,042 | €30,991 | €25,261 | ▼ 18.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €41,914 | - | - | - |
| Other operating charges640/8 | - | - | - | €11,349 | €9,329 | €8,502 | €5,869 | ▼ 31.0% |
| Non-recurring operating charges66A | - | - | - | - | €900 | €8 | - | - |
| Gross operating margin9900 | €479,517 | €516,496 | €499,746 | €514,365 | €461,844 | €351,063 | €325,576 | ▼ 7.3% |
| Operating profit (loss)9901 | €7,937 | €67,955 | €68,531 | €92,854 | -€12,668 | -€100,699 | -€99,529 | ▲ 1.2% |
| Financial income75/76B | - | - | - | - | €206 | €59 | €0 | ▼ 99.3% |
| Recurring financial income75 | - | €476 | - | - | €206 | €59 | €0 | ▼ 99.3% |
| Financial charges65/66B | - | - | - | €5,826 | €3,923 | €6,546 | €27,554 | ▲ 321% |
| Recurring financial charges65 | €14,956 | €16,571 | €12,243 | €5,826 | €3,923 | €6,546 | €27,554 | ▲ 321% |
| Profit (loss) for the period before taxes9903 | -€7,019 | €51,859 | €56,289 | €87,029 | -€16,385 | -€107,186 | -€127,083 | ▼ 18.6% |
| Income taxes67/77 | €321 | €10,955 | €17,580 | €22,842 | €364 | €286 | - | - |
| Profit (loss) for the period9904 | -€7,340 | €40,904 | €38,708 | €64,187 | -€16,749 | -€107,472 | -€127,083 | ▼ 18.2% |
| Profit (loss) for the period to be appropriated9905 | -€7,340 | €40,904 | €38,708 | €64,187 | -€16,749 | -€107,472 | -€127,083 | ▼ 18.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €500,610 | €430,812 | €440,511 | €444,097 | €292,836 | €217,071 | €160,216 | ▼ 26.2% |
| Fixed assets21/28 | €287,407 | €229,615 | €163,187 | €119,283 | €31,641 | €98,875 | €82,498 | ▼ 16.6% |
| Intangible fixed assets21 | €236,786 | €181,071 | €125,357 | €69,643 | €13,929 | - | - | - |
| Tangible fixed assets22/27 | €50,075 | €47,998 | €37,284 | €49,094 | €17,167 | €95,211 | €78,834 | ▼ 17.2% |
| Furniture and vehicles24 | - | - | - | €44,128 | €12,595 | €3,347 | €10,959 | ▲ 227% |
| Leasing and similar rights25 | - | - | - | €4,966 | - | €88,373 | €65,464 | ▼ 25.9% |
| Other tangible fixed assets26 | - | - | - | - | €4,572 | €3,492 | €2,412 | ▼ 30.9% |
| Financial fixed assets28 | €546 | €546 | €546 | €546 | €546 | €3,664 | €3,664 | = |
| Current assets29/58 | €213,203 | €201,197 | €277,323 | €324,814 | €261,195 | €118,196 | €77,718 | ▼ 34.2% |
| Stocks and contracts in progress3 | €1 | €1 | €1 | €1 | €1 | €1 | €1 | = |
| Stocks30/36 | - | - | - | €1 | €1 | €1 | €1 | = |
| Amounts receivable within one year40/41 | €151,207 | €151,688 | €135,996 | €256,225 | €149,133 | €115,003 | €62,346 | ▼ 45.8% |
| Trade receivables40 | - | - | - | €233,890 | €147,606 | €112,379 | €60,229 | ▼ 46.4% |
| Other amounts receivable41 | - | - | - | €22,335 | €1,527 | €2,624 | €2,117 | ▼ 19.3% |
| Cash at bank and in hand54/58 | €51,659 | €8,744 | €86,751 | €66,149 | €108,008 | €2,009 | €549 | ▼ 72.7% |
| Deferred charges and accrued income490/1 | - | - | - | €2,439 | €4,054 | €1,184 | €14,822 | ▲ 1,152% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €500,610 | €430,812 | €440,511 | €444,097 | €292,836 | €217,071 | €160,216 | ▼ 26.2% |
| Equity10/15 | €31,710 | €57,734 | €96,443 | €123,430 | €106,681 | -€791 | -€127,874 | ▼ 16,057% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €20,449 | €39,134 | €77,843 | €104,830 | €104,830 | €104,830 | €104,830 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €102,970 | €102,970 | €102,970 | €102,970 | = |
| Profit (loss) carried forward14 | -€7,340 | - | -€7,340 | - | -€16,749 | -€124,221 | -€251,304 | ▼ 102% |
| Amounts payable17/49 | €468,900 | €373,078 | €344,068 | €320,668 | €186,155 | €217,862 | €288,090 | ▲ 32.2% |
| Amounts payable after more than one year17 | €208,274 | €158,458 | €95,267 | €44,777 | €7,343 | €63,248 | €43,785 | ▼ 30.8% |
| Financial debts170/4 | - | - | - | €44,777 | €7,343 | €63,248 | €43,785 | ▼ 30.8% |
| Amounts payable within one year42/48 | €260,626 | €214,620 | €248,802 | €275,891 | €178,812 | €154,615 | €244,305 | ▲ 58.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €71,105 | €37,433 | €33,120 | €31,178 | ▼ 5.9% |
| Financial debts43 | - | - | - | - | - | €14,852 | €1,923 | ▼ 87.1% |
| Credit institutions430/8 | - | - | - | - | - | €14,852 | €1,923 | ▼ 87.1% |
| Trade debts44 | €22,537 | €16,421 | €35,699 | €32,764 | €32,416 | €37,734 | €74,474 | ▲ 97.4% |
| Suppliers440/4 | - | - | - | €32,764 | €32,416 | €37,734 | €74,474 | ▲ 97.4% |
| Taxes, remuneration and social security45 | - | - | - | €134,823 | €85,456 | €68,909 | €136,729 | ▲ 98.4% |
| Taxes450/3 | - | - | - | €81,494 | €46,296 | €14,884 | €45,161 | ▲ 203% |
| Remuneration and social security454/9 | - | - | - | €53,329 | €39,160 | €54,026 | €91,568 | ▲ 69.5% |
| Other amounts payable47/48 | - | - | - | €37,200 | €23,507 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,340 | €40,904 | €38,708 | €64,187 | -€16,749 | -€107,472 | -€127,083 | ▼ 18.2% |
| + Depreciation and write-downs630 | €129,940 | €124,934 | €97,492 | €85,208 | €93,042 | €30,991 | €25,261 | ▼ 18.5% |
| Operating cash flow (approximation) | €122,601 | €165,838 | €136,201 | €149,395 | €76,293 | -€76,482 | -€101,821 | ▼ 33.1% |
| Investment in fixed assets (approximation) | - | -€67,142 | -€31,064 | -€41,304 | -€5,400 | -€98,225 | -€8,884 | ▲ 91.0% |
| Change in cash | - | -€42,914 | €78,007 | -€20,602 | €41,859 | -€105,999 | -€1,460 | ▲ 98.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 07-10-2025 | 2025-00533841 |
| 31-12-2023 | micro format | 11-09-2024 | 2024-00458818 |
| 31-12-2022 | micro format | 29-08-2023 | 2023-00367475 |
| 31-12-2021 | full format | 31-08-2022 | 2022-20398098 |
| 31-12-2020 | full format | 31-08-2021 | 2021-60100281 |
| 31-12-2019 | full format | 30-10-2020 | 2020-65900028 |
| 31-12-2018 | full format | 27-08-2019 | 2019-51600480 |
| 31-12-2017 | full format | 29-08-2018 | 2018-54100308 |
| 31-12-2016 | full format | 29-08-2017 | 2017-50300019 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 12,346 active companies whose main activity is freight transport by road (NACE 49410), figures are known for 8,196. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.