Financials
- Financial year
- 2024
- Total assets
- €827,455
- Loss
- -€70,516
- Solvency
- -11.8%
Total assets▼ 6.7%
Net result
20182024
TRANSPARENCE
ActiveSummary
The computed 12-month bankruptcy probability of TRANSPARENCE is 2.6% (moderate). The 2024 annual accounts show negative equity (-€97,338) and a net result of -€70,516. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 25,567 sector peers (NACE 47, financial year 2024). The company has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Retail sale of bread and pastry (bakery outlets)
NACE 47241Artisanal bread and fresh pastry making NACE 10712
1 site
Size
€827,455total assets 2024
- Staff
- 6.5 FTE
- Equity
- -€97,338
- Loss
- -€70,516
Structure
- Michael ISTACEDirector
2025 accounts not filed, 87 days past the deadline1 of 5 deeds summarised
Why 50raises riskFigures for financial year 2024 (filed 24-05-2025)Negative equity -€97,338Sector: Retail trade (NACE 47)lowers riskSize: total assets €827,455Show the evidence
Checked score
Score 2024
50
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 17% of its sector peers (NACE 47, micro)
Financial strength · tick = 2023
Weak
Solvency
13-9
equity -11.8% of total assets
Liquidity
33-9
short-term debt 40.4% · cash 1.3%
Profitability
18-13
return on assets -8.5%
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 5.6%
12-2024: 5.6%● unchanged vs 11-2024
01-2025: 5.6%● unchanged vs 12-2024
02-2025: 5.6%● unchanged vs 01-2025
03-2025: 5.5%▼ -0.1 percentage points vs 02-2025
04-2025: 5.7%▲ +0.2 percentage points vs 03-2025highest value
05-2025: 4.6%▼ -1.1 percentage points vs 04-2025
06-2025: 1.7%▼ -2.9 percentage points vs 05-2025
07-2025: 1.6%▼ -0.1 percentage points vs 06-2025
08-2025: 1.6%● unchanged vs 07-2025
09-2025: 1.6%● unchanged vs 08-2025
10-2025: 1.6%● unchanged vs 09-2025
11-2025: 1.7%▲ +0.1 percentage points vs 10-2025
12-2025: 1.6%▼ -0.1 percentage points vs 11-2025
01-2026: 1.6%● unchanged vs 12-2025
02-2026: 1.6%● unchanged vs 01-2026
03-2026: 1.6%● unchanged vs 02-2026
04-2026: 1.6%● unchanged vs 03-2026
05-2026: 1.6%● unchanged vs 04-2026
06-2026: 1.5%▼ -0.1 percentage points vs 05-2026lowest value
07-2026: 1.6%▲ +0.1 percentage points vs 06-2026
08-2026: 2.0%▲ +0.4 percentage points vs 07-2026
09-2026: 2.1%▲ +0.1 percentage points vs 08-2026
10-2026: 2.6%▲ +0.5 percentage points vs 09-2026
No credit on open account
Liquidity insufficient (current ratio 0.13, compared with 0.18 in 2023, below 1; short-term debt: 40.4% and cash: 1.3% of total assets), and equity is negative.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro): better than 16% on solvency, 30% on liquidity, 21% on profitability and 2% on growth.
The bankruptcy probability was computed on 25-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€97,338
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 87 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline26-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-05-2025, 68 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
68 days early
2023
19 days early
2022
45 days late
2021
92 days late
2020
71 days early
2019
11 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 5 days before the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (1)
- Appointment: Michael ISTACE (director)Director compensation · Power of…
- Annual accounts filedfinancial year 2024 · micro…
- Weakest financial yearnet -€70,516
Key points
- Risk: Negative equityfinancial year 2024: debts exceed assets -€97,338 View
- Risk: 3 loss-making years in a rowloss financial year 2024 -€70,516 View
- Caution: Equity fell in 2024from -€26,822 to -€97,338 ▼ 263% View
- Caution: Among the weakest 5% on net resultsector median €4,563 · 25,543 companies -€70,516 View
- Caution: 2025 accounts not fileddeadline was 31-07-2026 87 days past the deadline View
By topic
Board & ownership
- Board
- 1 member
- Michael ISTACEDirector
Timeline
- Events
- 12
- Since
- 2016
- 12-07-2024Annual accounts filed
- 14-09-2023Annual accounts filed
- 31-10-2022Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Activity
- Retail sale of bread and pastry (bakery outlets)NACE 47241
- Founded
- 08-01-2015
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Key facts about TRANSPARENCE
- What is the company number of TRANSPARENCE?
- 0568.477.507. In Belgium the VAT number is the company number with BE in front: BE 0568.477.507.
- Where is TRANSPARENCE based?
- The registered office is at Rue du Chaffour 11, 6850 Paliseul.Company details
- What does TRANSPARENCE do?
- According to the KBO register, the main activity is retail sale of bread and pastry (bakery outlets) (NACE 47241).
- What is the legal form of TRANSPARENCE?
- Private limited company (pre-2019) (BVBA).
- When was TRANSPARENCE founded?
- On 08-01-2015.
- Is TRANSPARENCE still active?
- Yes, TRANSPARENCE is an active enterprise in the KBO register.
- How many employees does TRANSPARENCE have?
- On average 6.5 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of TRANSPARENCE?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
- Is TRANSPARENCE profitable?
- In financial year 2024, TRANSPARENCE made a loss of €70,516.
- Where can I find the annual accounts of TRANSPARENCE?
- TRANSPARENCE filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Companies related to TRANSPARENCE
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- AROMES GOURMANDSAttert
- AU BAISER DE MARCHEMarche-en-Famenne
- AUX DELICES DE MARCINELLECharleroi
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