TRANSNICO INTERNATIONAL AND GROUP

Active

Public limited companyfounded 199234 yrs activeWinston Churchilllaan 118, 1180 Ukkel, BelgiumKBO/BCE: BE 0447.460.901

TRANSNICO INTERNATIONAL AND GROUP has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €148k and a net result of €-17k. Equity is shrinking by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 94% of 445 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).

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Checked score

Score 2025

59 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability6▼-6

Solvency100=

Growth58=

Track record100

Bankruptcy probability, 12 months

1.2% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €8k at 30 days acceptable

Liquidity ample (current ratio 7.92 against 4.42 in 2024; short-term debt: 11.1% and cash: 7.1% of total assets), and 11.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 79

Relative position

BE, all sectors

reference

Sector 79

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

1819202122232425

2018 to 2025 · latest year €-17k

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-06-2026, 45 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

45 d early

2024

130 d late

2023

29 d late

2022

70 d late

2021

25 d early

2020

61 d late

2019

95 d late

← before the deadline after the deadline →

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.

Companies Code · seven months

Position in the running window

22-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-17k▼ 66.4%

2024 · €-10k

2018: €-55k 2019: €-12k 2020: €-23k 2021: €28k 2022: €-78k 2023: €-67k 2024: €-10k

2018 → 2025

Working capital

€128k▼ 11.9%

2024 · €145k

2018: €306k 2019: €294k 2020: €269k 2021: €298k 2022: €222k 2023: €155k 2024: €145k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€321k-€243k▼ 24.2%€176k▼ 27.7%€165k▼ 5.9%€148k▼ 10.5%

Operating result€30k-€-66k€-63k▲ 5.5%€-10k▲ 84.8%€-16k▼ 69.5%

Net result€28k-€-78k€-67k▲ 13.4%€-10k▲ 84.5%€-17k▼ 66.4%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €16k in 2025 against €10k in 2024; the loss grows.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €167k

12.0%

88.0%

Fixed assets €20k▼ 0.4%

Current assets €147k▼ 22.0%

Equity and liabilities €167k

88.9%

11%

Equity €148k▼ 10.5%

Debt €19k▼ 56.5%

The debt ratio falls from 20.4% to 11.1%. Equity and debt are lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€-16k▼

2024 · €-9k

Cash flow

€-17k▼

2024 · €-10k

Solvency

88.9%▲

2024 · 79.6%

Current ratio

7.92▲

2024 · 4.42

Quick ratio

4.24▲

2024 · 2.46

Debt / equity

0.12▼

2024 · 0.26

ROE

-11.7%▼

2024 · -6.3%

ROA

-10.4%▼

2024 · -5.0%

Interest coverage

-7.78▼

2024 · -4.88

Debt

€19k▼

2024 · €43k

Debt ≤ 1 year

€19k▼

2024 · €43k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€208k€167k▼

Fixed assets21/28€20k€20k▼

Intangible fixed assets21€73-

Financial fixed assets28€20k€20k=

Current assets29/58€188k€147k▼

Stocks and contracts in progress3€83k€68k▼

Stocks30/36€83k€68k▼

Amounts receivable within one year40/41€79k€66k▼

Trade receivables40€31k€11k▼

Other amounts receivable41€48k€56k▲

Cash at bank and in hand54/58€26k€12k▼

Equity and liabilities

Total equity and liabilities10/49€208k€167k▼

Equity10/15€165k€148k▼

Contributions10/11€124k€124k=

Reserves13€12k€12k=

Non-distributable reserves130/1€12k€12k=

Reserves not available under the articles1311€12k€12k=

Profit (loss) carried forward14€29k€12k▼

Amounts payable17/49€43k€19k▼

Amounts payable within one year42/48€43k€19k▼

Trade debts44€43k€19k▼

Suppliers440/4€43k€19k▼

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€460€73▼

Other operating charges640/8€916€732▼

Non-recurring operating charges66A€9k€108▼

Gross operating margin9900€532€-15k▼

Operating profit (loss)9901€-10k€-16k▼

Financial income75/76B€1k€960▼

Recurring financial income75€1k€960▼

Financial charges65/66B€2k€2k▲

Recurring financial charges65€2k€2k▲

Profit (loss) for the period before taxes9903€-10k€-17k▼

Profit (loss) for the period9904€-10k€-17k▼

Profit (loss) for the period to be appropriated9905€-10k€-17k▼

Appropriation of the result

Profit (loss) to be appropriated9906€29k€12k▼

Profit (loss) brought forward from the previous period14P€39k€29k▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

16-06

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

08-12

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 130 days late

2024

29-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 29 days late

2023

09-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 70 days late

2022

31-12

Financial Weakest financial yearnet €-78k ▼374%

Net result drops to €-78k, the lowest in the series; recovery starts the following year.

06-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Back to profitnet €28k

Net result €28k after 3 loss-making years.

30-09

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 61 days late

2020

03-11

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 95 days late

2019

31-12

Financial Liquidity times 9current ratio 46.62

Current ratio from 5.35 to 46.62; short-term debt falls from €70k to €6k.

25-09

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 56 days late

2018

05-11

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 97 days late

2017

31-08

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 31 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

7 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, Ukkel · 1 establishment unit since 1994

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Winston Churchilllaan 1181180 Ukkel

Ground area

457 m²

Building footprint

248 m²

Volume, LiDAR

2,828 m³

2 parcels, Brussels · tallest building 20.6 m, ±4 floors. Linked by address, not a title deed.

1 establishment unit

TI-TUT

Montjoielaan 114, 1180 UkkelManufacture of rubber and plastic products

since 19942.066.381.793

2 parcels

Brussels 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21618B0278/00D017	Brussels	317 m²	1 · 169 m²	20.6 m · 4 fl.
21612C0174/00V003	Brussels	140 m²	1 · 79 m²	13.9 m · 4 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Knokke-Heist · Eq €149k

VOYAGES PLUS

BE 0433.117.866

Etterbeek · Eq €147k

JENDREJAC HELIOS VOYAGES

BE 0466.180.020

Tournai · Eq €146k

Of 1,439 companies in sector 79110 we hold annual accounts for 880. 755 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded19-05-1992

Fiscal year end31-12

Abbreviation FR Ti-Tut

Trade name FR Travel - Train Tours - D.M.C., Rumbos Cuba - Trade

Activities, NACEBEL

79110Travel agency activities

Sources

Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers

Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.