TRANSPORT +
ActiveSummary
The computed 12-month bankruptcy probability of TRANSPORT + is 2.0% (moderate). The 2025 annual accounts show negative equity (€-26k) and a net result of €-58k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 1865 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-70
Solvency7▼-29
Growth52=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.6 against 0.95 in 2024; short-term debt: 118% and cash: 0.6% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 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 →
raises risk · 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 2025Solvency, return and age of the figures
Solvency
-18.3%
Return on assets
-40.7%
Age of the figures
9 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-26k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
3 d late
2024
96 d late
2023
13 d early
2022
116 d early
2021
9 d early
2020
356 d late
2019
92 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Is this a good employer? Staff, turnover and training against the sector.Employer check
Financials · fiscal year 2025, abbreviated schema
Turnover
€531k
EBIT margin
1.1%
Net result
€-58k
2024 · €2k
Working capital
€-66k▼ 480%
2024 · €-11k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€5k▼ 91.9%€-55k€54k€4k▼ 92.8%€-57k
Net result€2k▼ 95.9%€-56k€53k€2k▼ 96.3%€-58k
EBIT margin
Equity€33k▲ 7.2%€-23k€30k€32k▲ 6.7%€-26k
Total assets€1.03M▲ 9.9%€1.14M▲ 10.6%€199k▼ 82.5%€276k▲ 38.6%€141k▼ 48.7%
Debt€991k▲ 10.0%€1.16M▲ 16.7%€167k▼ 85.6%€243k▲ 45.3%€167k▼ 31.2%
Working capital€-7k€-66k▼ 830%€-13k▲ 79.9%€-11k▲ 13.8%€-66k▼ 480%
Staff (FTE)4=4=3.3▼ 17.5%3▼ 9.1%2.3▼ 23.3%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €57k after €4k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €141k
Fixed assets
€40k ▼ 13.3%
Current assets
€101k ▼ 55.9%
Key figures and ratios
EBITDA
€-51k▼
2024 · €10k
Cash flow
€-51k▼
2024 · €8k
Solvency
-18.3%▼
2024 · 11.5%
Current ratio
0.60▼
2024 · 0.95
Debt to equity
-6.43▼
2024 · 7.67
ROA
-40.7%▼
2024 · 0.7%
Interest coverage
-40.81▼
2024 · 9.55
Debt ≤ 1 year
€167k▼
2024 · €240k
Staff costs
€140k▼
2024 · €164k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €215k | €183k | €164k | €164k | €140k | ▼ 14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €6k | €6k | €6k | €6k | = |
| Other operating charges640/8 | €2k | €2k | €2k | €2k | €744 | ▼ 64.0% |
| Gross operating margin9900 | €224k | €135k | €226k | €176k | €89k | ▼ 49.1% |
| Operating profit (loss)9901 | €5k | €-55k | €54k | €4k | €-57k | ▼ 1,575% |
| Financial income75/76B | - | - | - | €0 | €0 | ▲ 900% |
| Recurring financial income75 | - | - | - | €0 | €0 | ▲ 900% |
| Financial charges65/66B | €2k | €1k | €1k | €1k | €1k | ▲ 18.5% |
| Recurring financial charges65 | €2k | €1k | €1k | €1k | €1k | ▲ 18.5% |
| Profit (loss) for the period before taxes9903 | €3k | €-56k | €53k | €3k | €-58k | ▼ 2,170% |
| Transfer from deferred taxes780 | €467 | €919 | €922 | €922 | €922 | = |
| Income taxes67/77 | €922 | €0 | €991 | €2k | - | - |
| Profit (loss) for the period9904 | €2k | €-56k | €53k | €2k | €-58k | ▼ 3,018% |
| Transfer from tax-exempt reserves789 | €1k | €3k | €3k | €3k | €3k | = |
| Profit (loss) for the period to be appropriated9905 | €4k | €-53k | €55k | €5k | €-55k | ▼ 1,257% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.03M | €1.14M | €199k | €276k | €141k | ▼ 48.7% |
| Fixed assets21/28 | €62k | €59k | €53k | €47k | €40k | ▼ 13.3% |
| Tangible fixed assets22/27 | €25k | €22k | €16k | €10k | €3k | ▼ 64.7% |
| Furniture and vehicles24 | - | €3k | €2k | €1k | €635 | ▼ 50.0% |
| Leasing and similar rights25 | €25k | €19k | €14k | €8k | €3k | ▼ 67.0% |
| Financial fixed assets28 | €37k | €37k | €37k | €37k | €37k | = |
| Current assets29/58 | €965k | €1.08M | €146k | €229k | €101k | ▼ 55.9% |
| Amounts receivable within one year40/41 | €949k | €1.05M | €133k | €226k | €98k | ▼ 56.4% |
| Trade receivables40 | €731k | €246k | €132k | €226k | €94k | ▼ 58.5% |
| Other amounts receivable41 | €218k | €804k | €500 | - | €5k | - |
| Cash at bank and in hand54/58 | €10k | €16k | €6k | €1k | €805 | ▼ 37.3% |
| Deferred charges and accrued income490/1 | €6k | €11k | €7k | €2k | €2k | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.03M | €1.14M | €199k | €276k | €141k | ▼ 48.7% |
| Equity10/15 | €33k | €-23k | €30k | €32k | €-26k | ▼ 182% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €12k | €10k | €7k | €4k | €1k | ▼ 66.9% |
| Tax-exempt reserves132 | €12k | €10k | €7k | €4k | €1k | ▼ 66.9% |
| Profit (loss) carried forward14 | €2k | €-51k | €4k | €9k | €-46k | ▼ 617% |
| Provisions and deferred taxes16 | €4k | €3k | €2k | €1k | €457 | ▼ 66.9% |
| Deferred taxes168 | €4k | €3k | €2k | €1k | €457 | ▼ 66.9% |
| Amounts payable17/49 | €991k | €1.16M | €167k | €243k | €167k | ▼ 31.2% |
| Amounts payable after more than one year17 | €18k | €13k | €8k | €2k | - | - |
| Financial debts170/4 | €18k | €13k | €8k | €2k | - | - |
| Amounts payable within one year42/48 | €972k | €1.14M | €159k | €240k | €167k | ▼ 30.5% |
| Current portion of amounts payable after more than one year42 | €5k | €5k | €5k | €5k | €2k | ▼ 57.9% |
| Trade debts44 | €11k | €21k | €5k | €26k | €106k | ▲ 313% |
| Suppliers440/4 | €11k | €21k | €5k | €26k | €106k | ▲ 313% |
| Taxes, remuneration and social security45 | €18k | €19k | €22k | €21k | €9k | ▼ 54.8% |
| Taxes450/3 | €4k | €2k | €2k | €21k | - | - |
| Remuneration and social security454/9 | €14k | €17k | €19k | - | €9k | - |
| Other amounts payable47/48 | €937k | €1.10M | €127k | €188k | €49k | ▼ 73.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €-56k | €53k | €2k | €-58k | ▼ 3,018% |
| + Depreciation and write-downs630 | €3k | €6k | €6k | €6k | €6k | = |
| Operating cash flow (approximation) | €5k | €-49k | €59k | €8k | €-51k | ▼ 729% |
| Investment in fixed assets (approximation) | - | €-3k | €0 | €0 | €0 | - |
| Change in cash | - | €6k | €-10k | €-5k | €-479 | ▲ 90.1% |
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
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 3 days late
2025
31-12
Financial
Weakest financial yearnet €-58k
Net result drops to €-58k, the lowest in the series.
04-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 96 days late
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €53k
Net result €53k after one loss-making year.
06-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 356 days late
2020
31-12
Financial
Highest result since 2018net €53k ▲23.1%
Operating result €60k, net result €53k, both a record.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 92 days late
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 91 days late
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 456 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Ieper · 1 establishment unit since 2015
Ground area
3.3 ha
Building footprint
9,494 m²
Volume, LiDAR
100,626 m³
Parcel 33003B0873/00E000, Flanders · tallest building 15.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
TRANSPORT +
since 20152.239.584.696
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33003B0873/00E000 | Flanders | 3.3 ha | 1 · 9,494 m² | 15.2 m · 3 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 12,585 companies in sector 49410 we hold annual accounts for 8,199. 5,574 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
Founded20-02-2015
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
52100Warehousing and storage
Scores and ratios are computed by Checked and are not a credit decision.