Transport Eelen

Active

Private limited companyfounded 201510 yrs activeWelvaartstraat (HRT) 1, 2200 Herentals, BelgiumKBO/BCE: BE 0644.691.197

Transport Eelen has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €238k and a net result of €252k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 716 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).

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Checked score

Score 2025

54 / 100

Fair

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

Axes · tick = 2024

Profitability81▲+54

Solvency34▲+16

Growth78▲+46

Track record100

Bankruptcy probability, 12 months

1.1% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €12k at 30 days acceptable

Liquidity short (current ratio 0.6 against 0.61 in 2024; short-term debt: 64.8% and cash: 6.3% of total assets), and 90.7% 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

Six 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

Sector 49

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

9.3%

Return on assets

9.8%

Age of the figures

9 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 716 sector peers (2025).

NBB · sector comparison

Position among 716 sector peers

Solvency

better than 19%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

15 d early

2024

2 d early

2023

1 d early

2022

5 d early

2021

2 d early

2020

33 d early

2019

42 d early

← 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

17-09-2026 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, abbreviated schema

Equity

€238k

2024 · €-163k

2018: €84k 2019: €94k 2020: €8k 2021: €60k 2022: €131k 2023: €21k 2024: €-163k

2018 → 2025

Total assets

€2.57M▲ 3.5%

2024 · €2.48M

2018: €318k 2019: €514k 2020: €1.67M 2021: €2.28M 2022: €2.67M 2023: €3.08M 2024: €2.48M

2018 → 2025

Net result

€252k

2024 · €-184k

2018: €29k 2019: €10k 2020: €-86k 2021: €48k 2022: €71k 2023: €-110k 2024: €-184k

2018 → 2025

Working capital

€-671k▼ 2.0%

2024 · €-658k

2018: €46k 2019: €11k 2020: €-156k 2021: €-126k 2022: €-159k 2023: €-638k 2024: €-658k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€60k-€131k▲ 120%€21k▼ 84.3%€-163k€238k

Operating result€79k-€110k▲ 38.9%€-66k€-120k▼ 80.5%€241k

Net result€48k-€71k▲ 49.6%€-110k€-184k▼ 66.7%€252k

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2025: €241k after a loss of €120k in 2024, the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €2.57M

61.3%

38.7%

Fixed assets €1.57M▲ 6.9%

Current assets €994k▼ 1.3%

Equity and liabilities €2.57M

90.7%

Equity €238k

Debt €2.33M

Debt finances 90.7% of the balance-sheet total.

Key figures and ratios

2025 value · change against 2024

EBITDA

€506k▲

2024 · €140k

Cash flow

€517k▲

2024 · €75k

Solvency

9.3%▲

2024 · -6.6%

Current ratio

0.60▼

2024 · 0.61

Quick ratio

0.60▼

2024 · 0.61

Debt / equity

9.77▲

2024 · -16.18

ROE

105.6%

ROA

9.8%▲

2024 · -7.4%

Interest coverage

9.49▲

2024 · 2.11

Debt

€2.33M▼

2024 · €2.64M

Debt ≤ 1 year

€1.67M=

2024 · €1.67M

Debt > 1 year

€645k▼

2024 · €965k

Income taxes

€239▲

2024 · €219

Staff costs

€2.34M▲

2024 · €2.19M

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€2.48M€2.57M▲

Formation expenses20€1k-

Fixed assets21/28€1.47M€1.57M▲

Intangible fixed assets21€37k€31k▼

Tangible fixed assets22/27€1.43M€1.54M▲

Plant, machinery and equipment23€15k€12k▼

Furniture and vehicles24€342k€478k▲

Leasing and similar rights25€1.08M€1.05M▼

Other tangible fixed assets26€0-

Financial fixed assets28€865€1k▲

Current assets29/58€1.01M€994k▼

Amounts receivable within one year40/41€875k€800k▼

Trade receivables40€653k€714k▲

Other amounts receivable41€221k€87k▼

Cash at bank and in hand54/58€100k€161k▲

Deferred charges and accrued income490/1€33k€33k▲

Equity and liabilities

Total equity and liabilities10/49€2.48M€2.57M▲

Equity10/15€-163k€238k▲

Contributions10/11€20k€170k▲

Reserves13€58k€58k=

Tax-exempt reserves132€58k€58k=

Profit (loss) carried forward14€-241k€11k▲

Amounts payable17/49€2.64M€2.33M▼

Amounts payable after more than one year17€965k€645k▼

Financial debts170/4€890k€570k▼

Other amounts payable178/9€75k€75k=

Amounts payable within one year42/48€1.67M€1.67M=

Current portion of amounts payable after more than one year42€402k€379k▼

Financial debts43€319k€458k▲

Credit institutions430/8€319k€458k▲

Trade debts44€720k€402k▼

Suppliers440/4€720k€402k▼

Taxes, remuneration and social security45€223k€425k▲

Taxes450/3€0€26k▲

Remuneration and social security454/9€223k€399k▲

Other amounts payable47/48€1k€231▼

Accrued charges and deferred income492/3€14k€19k▲

Income statement Code20242025

Remuneration, social security and pensions62€2.19M€2.34M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€259k€265k▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k€-450▼

Other operating charges640/8€31k€22k▼

Non-recurring operating charges66A-€19k

Gross operating margin9900€2.36M€2.89M▲

Operating profit (loss)9901€-120k€241k▲

Financial income75/76B€2k€64k▲

Recurring financial income75€2k€22k▲

Non-recurring financial income76B-€43k

Financial charges65/66B€66k€53k▼

Recurring financial charges65€66k€53k▼

Profit (loss) for the period before taxes9903€-184k€252k▲

Income taxes67/77€219€239▲

Profit (loss) for the period9904€-184k€252k▲

Transfer to tax-exempt reserves689€14k-

Profit (loss) for the period to be appropriated9905€-198k€252k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-241k€11k▲

Profit (loss) brought forward from the previous period14P€-43k€-241k▼

Transfer from equity791/2€0-

Social balance

Average headcount (FTE)908730.433.3▲

The notes to these accounts (19 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 15Financial 5Filings 10

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

2026

16-07

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

31-12

Financial Back to profitnet €252k

Net result €252k after 2 loss-making years.

31-12

Financial Equity above €200kEq €238k

Equity rises from €-163k to €238k.

29-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Weakest financial yearnet €-184k

Net result drops to €-184k, the lowest in the series; recovery starts the following year.

30-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

26-07

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

31-12

Financial Equity above €100kEq €131k ▲120%

2 profitable years in a row build equity to €131k.

29-07

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

31-12

Financial Back to profitnet €48k

Net result €48k after one loss-making year.

28-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

19-06

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

20-06

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

22-06

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

20-06

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

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

Directors · office · real estate

Directors

no sitting director, no change since 2025

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

29-12-2025 Karen Verlinden: Resigned as Director

29-12-2025 Steven Eelen: Resigned as Director

28-08-2020 Steven Eelen: Resigned as Director

28-08-2020 Verlinden, Karen Rudy Julia: Resigned as Director

Location & real-estate footprint

Registered office, Herentals · 1 establishment unit since 2016

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.

Welvaartstraat (HRT) 12200 Herentals

Ground area

1.4 ha