Transnubel

Active

Public limited companyfounded 196956 yrs activeKoning Albert II-laan 19, 1210 Sint-Joost-ten-Node, BelgiumKBO/BCE: BE 0406.950.632

Summary

The computed 12-month bankruptcy probability of Transnubel is 1.6% (moderate). The 2025 annual accounts show negative equity (-€5.4m) and a net result of -€7.6m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 885 sector peers (fiscal year 2025). The company has been active since 1969 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

TransnubelActiveChecked score 27/100

Risk analysis Report Compare

What they do

Freight transport by road

NACE 49410NACE 38222Waste collection, recovery and disposal activities NACE 38320

#1 company by total assets in Sint-Joost-ten-Node, Transport and storage sector2 sites

How big

€25.4mturnover 2025

Staff: 247.8 FTE
Equity: -€5.4m
Loss: -€7.6m

Financially healthy?

27 Weak Checked score 2025

Bankruptcy chance 12 m: 1.6%

Who decides

Parent: EQUANS · 100%
Holdings: 1

Auditor: Forvis Mazars Réviseurs d’EntreprisesAccounts 51 d early6 of 62 deeds read

Why 27- Higher-failure-rate sector- Higher-failure-rate region- Multiple establishment units- Annual accounts: weaker financial profile- Negative equity+ Long track record+ Lower-risk legal formLatest accounts filed on timeShow the evidence

Checked score

Score 2025

27 / 100

Weak

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0▼-36

Solvency3▼-30

Growth44▼-21

Track record100

Bankruptcy probability, 12 months

1.6% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity ample (current ratio 2.99 against 1.64 in 2024; short-term debt: 30.5% and cash: 0.6% of total assets), but equity is negative.

Credit check for your own amount and term

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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 49

Relative position

BE, all sectors

reference

Land transport and transport via pipelines (NACE 49)

about 141% more bankruptcies

← fewer bankruptcies more bankruptcies →

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

Higher-failure-rate region

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

KBO · registered office

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Lower-risk legal form

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

KBO · legal form

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

-22.3%

Return on assets

-31.3%

Age of the figures

9 mo

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year -€5.4m

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-06-2026, 51 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

51 d early

2024

45 d early

2023

23 d early

2022

13 d early

2021

19 d early

2020

9 d late

2019

22 d early

← 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 23 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.

Checked, nothing found (2)

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 9 July (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

01-10-2026 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

01-09-26 Appointment: Forvis Mazars Bedrijfrevisoren (statutory auditor)Auditor report · Statutes amendment…
03-08-26 Resignation: Forvis Mazars Bedrijfsrevisoren BV (statutory…Reappointment: Forvis Mazars Bedrijfsrevisoren BV…
10-06-26 Annual accounts filedfiscal year 2025 · full…

Key points

Risk: Negative equityfiscal year 2025: debts exceed assets -€5.4m View
Caution: Result fell in 2025from -€467,196 to -€7.6m ▼ 1,527% View
Caution: Among the weakest 5% on solvencysector median 39.3% · 885 companies -22.3% View
Controlled by EQUANSknown shareholders 100% 100% View
Caution: 2 loss-making years in a rowloss fiscal year 2025 -€7.6m View
EU supportawarded 2021 - 2025 €3.2m View
Positive: Always filed on timeaccounts within the deadline every year 5 years View
Active since 1969founded 18-12-1969 56 years View