TRANSPORT VANDERVORST

Active

Public limited companyfounded 1960active for 66 yearsZaventemsesteenweg 93, 1831 Machelen (Brab.), BelgiumKBO/BCE: BE 0403.477.141

Summary

TRANSPORT VANDERVORST has been active since 1960 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.2m and a net result of €73,212. Equity has been growing by about 2.8% per year since 2018. Its solvency ranks better than 75% of 1,081 sector peers (NACE 49, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

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TRANSPORT VANDERVORSTActiveChecked score 95/100

Risk analysis Report Compare

Overview

Official details

Source: KBO

Status: Active since 28-06-1960 Normal situation
Activity: Freight transport by road NACE 49410
Joint committees: 140.03 Paritair Subcomité voor het wegvervoer en de logistiek voor rekening van derden
: 226 Paritair Comité voor de bedienden uit de internationale handel, het vervoer en de logistiek · annual accounts 2025
Establishment unit: 2.105.718.659 1831 Machelen (Brab.), since 01-06-1960
Financial year end: 31 December
Peppol: Reachable since 26-08-2025

Company details

Board and ownership

Board

BMG CONSULTINGManaging director · permanent representative Vandervorst Pascal
L&N SolutionsManaging director · permanent representative Van Win Ludwig
Radenne LionelDirector · since 30-06-2023

and 1 other

Shareholders

BRUN INVEST SASconsolidatesannual accounts 2025

Board & ownership

Financial position

95 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: < 0.1%

Annual accounts 2025

Gross margin: €4.6m; ▲ 6.6%
Turnover: ≈ €8.8m; estimated
Profit: €73,212; ▼ 59.4%
Equity: €4.2m; ▲ 1.6%
Total assets: €6.6m; ▼ 2.2%
Employees on 31-12-2025: 55; ▲ 10.0%

Net result -59%: other schema

Financials

Score breakdownraises riskSector: Land transport and transport via pipelines (NACE 49)lowers riskLiquidity: current ratio 3.57, cash €2.4mFounded in 1960Equity €4.2m (63.5% of total assets)Show the evidence

Checked score

Score 2025

95 / 100

Excellent

Probability in this band: under 0.55%

Financially stronger than 63% of small companies in land transport (NACE 49)

Every signal that counts is listed under Signals.

Financial strength · tick: 2024

Strong

Solvency 89+3

equity 63.5% of total assets

Liquidity 90-4

short-term debt 17.6% · cash 36.1%

Profitability 70-2

return on assets 1.1%

Bankruptcy probability within 12 months

< 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (1,178 companies, NACE 49, small)

Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.2%▲ +0.1 percentage points vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025highest value 08-2025: < 0.1%▼ -0.2 percentage points vs 07-2025lowest value 09-2025: < 0.1%● unchanged vs 08-2025lowest value 10-2025: < 0.1%● unchanged vs 09-2025lowest value 11-2025: < 0.1%● unchanged vs 10-2025lowest value 12-2025: < 0.1%● unchanged vs 11-2025lowest value 01-2026: < 0.1%● unchanged vs 12-2025lowest value 02-2026: < 0.1%● unchanged vs 01-2026lowest value 03-2026: < 0.1%● unchanged vs 02-2026lowest value 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026

Credit of up to €390,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 3.57 (3.32 in 2024), above the usual 1.5. Short-term debt is 17.6% and cash 36.1% of total assets. 36.5% of the assets are financed with debt and provisions.

Calculation

The band follows from the bankruptcy probability. 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 49, small). It does better than 80% of them on solvency, 96% on liquidity, 39% on profitability and 37% on growth.

The bankruptcy probability was computed on 02-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.

lowers riskraises riskneutral

Liquidity: current ratio 3.57, cash €2.4m

NBB · annual accounts

Sector: Land transport and transport via pipelines (NACE 49)

KBO

Founded in 1960

Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.

KBO

Equity €4.2m (63.5% of total assets)

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

1 day early

2024

1 day early

2023

1 day early

2022

on the day

2021

52 days late

2020

5 days early

2019

1 day early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 6 days after the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 July (4 of the last 5 accounts filed within 30 days either side of that date).

Companies Code · seven months

Where today falls in the filing period

03-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

That holds for every publication since 2021.

KBO publications

Financials

Financials · financial year 2025, full format

Annual accounts 2025 filed on 30-07-2026 at the NBB all 48 filings

Turnover

≈ €8.8m

Estimated: probably between €7.6m and €10.0m

EBIT margin

Not included in this filing

Net result

€73,212▼ 59.4%

2024 · €180,170

Working capital

€3.0m▲ 0.9%

2024 · €2.9m

In the rankings #2 oldest company in Machelen, Transport and storage sector

Multi-year overview

2018 to 2025, 8 financial years

Operating result

€131,466

▼ 43.4% 2025

20182025

Net result

€73,212

▼ 59.4% 2025

middle half of the sector

20182025

Equity

€4.2m

▲ 1.6% 2025

highest quarter of the sector

20182025

Total assets

€6.6m

▼ 2.2% 2025

middle half of the sector

20182025

Debt

€2.4m

▼ 8.3% 2025

20182025

Working capital

€3.0m

▲ 0.9% 2025

highest quarter of the sector

20182025

Solvency

63.5%

▲ 2.4pp 2025

highest quarter of the sector

20182025

Current ratio

3.57

▲ 0.26 2025

highest quarter of the sector

20182025

Return on assets (ROA)

1.1%

▼ 1.6pp 2025

middle half of the sector

20182025

Staff (FTE)

49.7

▲ 2.5% 2025

middle half of the sector

20182025

Every figure per financial year

Every figure with its change against the financial year before

favourable unfavourable

Line20182019202020212022202320242025

Operating result€0.3m-€0.2m▼ 25.3%€0.2m▼ 31.0%€0.5m▲ 222%€0.3m▼ 36.5%€0.5m▲ 42.8%€0.2m▼ 50.9%€0.1m▼ 43.4%

Net result€0.3m-€0.2m▼ 37.0%€0.1m▼ 31.1%€0.4m▲ 185%€0.2m▼ 37.3%€0.4m▲ 52.0%€0.2m▼ 51.1%€0.07m▼ 59.4%

Equity€3.4m-€3.6m▲ 5.8%€3.7m▲ 3.8%€3.8m▲ 2.4%€3.5m▼ 6.8%€3.9m▲ 11.3%€4.1m▲ 4.4%€4.2m▲ 1.6%

Total assets€4.6m-€4.9m▲ 5.3%€4.9m▲ 0.2%€4.9m▲ 0.9%€5.0m▲ 1.8%€5.9m▲ 16.5%€6.7m▲ 14.6%€6.6m▼ 2.2%

Debt€1.3m-€1.3m▲ 3.7%€1.2m▼ 9.7%€1.1m▼ 3.6%€1.5m▲ 30.5%€1.9m▲ 28.9%€2.6m▲ 35.6%€2.4m▼ 8.3%

Working capital€3.4m-€3.5m▲ 5.1%€3.7m▲ 5.8%€3.8m▲ 2.2%€3.3m▼ 13.1%€3.2m▼ 4.3%€2.9m▼ 7.5%€3.0m▲ 0.9%

Solvency72.7%-73.1%▲ 0.4pp75.7%▲ 2.7pp76.8%▲ 1.1pp70.3%▼ 6.5pp67.2%▼ 3.1pp61.2%▼ 6.0pp63.5%▲ 2.4pp

Current ratio5.48-5.13▼ 0.355.05▼ 0.084.80▼ 0.253.25▼ 1.553.91▲ 0.673.32▼ 0.603.57▲ 0.26

Return on assets (ROA)6.7%-4.0%▼ 2.7pp2.8%▼ 1.3pp7.8%▲ 5.1pp4.8%▼ 3.0pp6.3%▲ 1.5pp2.7%▼ 3.6pp1.1%▼ 1.6pp

Staff (FTE)43.4-45.1▲ 3.9%46.4▲ 2.9%44.6▼ 3.9%46.6▲ 4.5%46.6=48.5▲ 4.1%49.7▲ 2.5%

above within below The sector band is the middle half of the companies in Land transport and transport via pipelines (NACE 49). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2025 is 43% lower than in 2024 and the lowest since 2021. It is the second fall in a row.

Large changes and their cause

2025 Net result -59% on 2024. The accounts now follow the full format, last year the abbreviated format.

The turnover shown is an estimate from the gross margin.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €6.6m

37.1%

62.9%

Fixed assets €2.4m ▼ 2.4%

Current assets €4.1m ▼ 2.2%

Equity and liabilities €6.6m

63.5%

36.5%

Equity €4.2m ▲ 1.6%

Debt €2.4m ▼ 8.3%

Debt's share of the balance-sheet total falls from 38.8% to 36.5%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€693,853▲

2024 · €686,646

Cash flow

€635,600▲

2024 · €634,532

Quick ratio

3.47▲

2024 · 3.21

Debt to equity

0.57▼

2024 · 0.64

ROE

1.8%▼

2024 · 4.4%

Interest coverage

9.96▼

2024 · 12.81

Debt ≤ 1 year

€1.2m▼

2024 · €1.3m

Debt > 1 year

€1.2m▼

2024 · €1.3m

Income taxes

€29,294▼

2024 · €64,141

Staff costs

€3.9m▲

2024 · €3.6m

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

Staff

social balance sheet

Item	31-12-2021	31-12-2022	31-12-2023	31-12-2024	31-12-2025
Employees at the balance-sheet date	49	47	47	50	55
full-time	47	45	45	49	53
part-time	2	2	2	1	2
in full-time equivalents	48.3	46.2	46.2	49.6	54.5
Average over the year, in full-time equivalents	44.6	46.6	46.6	48.5	49.7
On a permanent contract	49	47	47	50	52
Joined	10	11	5	12	16
Left	6	12	5	9	11
Training hours	800	1,162	1,157	1,153	496

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired

Item	2021	2022	2023	2024	2025
Tangible fixed assets	€1,189	€290,865	€1.5m	€1.5m	€503,639
Financial fixed assets	-	€100	-	-	€0
Depreciation and write-downs of the year	€124,961	€74,583	€174,585	€454,362	€562,388

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Subsidies and aid

Flemish government

2022 to 2025 · 5 entries · €44,547 awarded · €44,547 paid

Year	Entries	Awarded	Paid
2025	1	€1,558	€1,558
2024	1	€2,664	€2,664
2023	2	€39,405	€39,405
2022	1	€920	€920

Schemes

Subsidies ecologisch en veilig transport (stopgezet)

1 entry · €39,000 · €39,000 paid · Departement Mobiliteit en Openbare Werken

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

4 entries · €5,547 · €5,547 paid · Fonds voor Innoveren en Ondernemen

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Last 5 years All years

Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines

Balance sheet Code20242025

Assets

Total assets20/58€6.7m€6.6m▼

Fixed assets21/28€2.5m€2.4m▼

Tangible fixed assets22/27€2.5m€2.4m▼

Plant, machinery and equipment23€0.6m€0.9m▲

Furniture and vehicles24€1.8m€1.5m▼

Other tangible fixed assets26€0.07m€0.06m▼

Financial fixed assets28€100€100=

Current assets29/58€4.2m€4.1m▼

Stocks and contracts in progress3€0.1m€0.1m▼

Stocks30/36€0.1m€0.1m▼

Amounts receivable within one year40/41€1.1m€1.5m▲

Trade receivables40€1.1m€1.4m▲

Other amounts receivable41€0.06m€0.06m▲

Current investments50/53€250€250=

Cash at bank and in hand54/58€2.9m€2.4m▼

Deferred charges and accrued income490/1€0.1m€0.2m▲

Equity and liabilities

Total equity and liabilities10/49€6.7m€6.6m▼

Equity10/15€4.1m€4.2m▲

Contributions10/11€0.2m€0.2m=

Capital10€0.2m€0.2m=

Issued capital100€0.2m€0.2m=

Reserves13€3.8m€3.9m▲

Non-distributable reserves130/1€0.03m€0.03m=

Legal reserve130€0.03m€0.03m=

Tax-exempt reserves132€1.1m€1.1m=

Distributable reserves133€2.8m€2.8m▲

Investment grants15€0.02m€0.02m▼

Amounts payable17/49€2.6m€2.4m▼

Amounts payable after more than one year17€1.3m€1.2m▼

Financial debts170/4€1.3m€1.2m▼

Amounts payable within one year42/48€1.3m€1.2m▼

Current portion of amounts payable after more than one year42€0.4m€0.4m▲

Trade debts44€0.5m€0.2m▼

Suppliers440/4€0.5m€0.2m▼

Taxes, remuneration and social security45€0.4m€0.5m▲

Taxes450/3€0.05m€0.08m▲

Remuneration and social security454/9€0.4m€0.4m▲

Accrued charges and deferred income492/3€0.003m€0.007m▲

Income statement Code20242025

Non-recurring operating income76A€0-

Remuneration, social security and pensions62€3.6m€3.9m▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.5m€0.6m▲

Other operating charges640/8€0.08m€0.07m▼

Gross operating margin9900€4.4m€4.6m▲

Operating profit (loss)9901€0.2m€0.1m▼

Financial income75/76B€0.07m€0.04m▼

Recurring financial income75€0.07m€0.04m▼

Financial charges65/66B€0.05m€0.07m▲

Recurring financial charges65€0.05m€0.07m▲

Profit (loss) for the period before taxes9903€0.2m€0.1m▼

Income taxes67/77€0.06m€0.03m▼

Profit (loss) for the period9904€0.2m€0.07m▼

Profit (loss) for the period to be appropriated9905€0.2m€0.07m▼

Appropriation of the result

Profit (loss) to be appropriated9906€0.2m€0.07m▼

Transfer to equity691/2€0.2m€0.07m▼

To other reserves6921€0.2m€0.07m▼

Social balance sheet

Average headcount (FTE)908748.549.7▲

The notes to these accounts have 18 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 30-07-2026.

Line	2018	2019	2020	2021	2022	2023	2024	2025	Change
Non-recurring operating income76A	-	-	-	-	-	€0.003m	€0	-	-
Remuneration, social security and pensions62	-	-	-	€2.6m	€2.9m	€3.4m	€3.6m	€3.9m	▲ 8.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€0.3m	€0.4m	€0.3m	€0.1m	€0.07m	€0.2m	€0.5m	€0.6m	▲ 23.8%
Other operating charges640/8	-	-	-	€0.04m	€0.05m	€0.05m	€0.08m	€0.07m	▼ 13.5%
Gross operating margin9900	€3.0m	€3.1m	€2.8m	€3.3m	€3.3m	€4.1m	€4.4m	€4.6m	▲ 6.6%
Operating profit (loss)9901	€0.3m	€0.2m	€0.2m	€0.5m	€0.3m	€0.5m	€0.2m	€0.1m	▼ 43.4%
Financial income75/76B	-	-	-	€0.005m	€0.004m	€0.03m	€0.07m	€0.04m	▼ 38.0%
Recurring financial income75	€0.04m	€0.03m	€0.03m	€0.005m	€0.004m	€0.03m	€0.07m	€0.04m	▼ 38.0%
Financial charges65/66B	-	-	-	€0.007m	€0.005m	€0.007m	€0.05m	€0.07m	▲ 30.0%
Recurring financial charges65	€0.01m	€0.01m	€0.008m	€0.007m	€0.005m	€0.007m	€0.05m	€0.07m	▲ 30.0%
Profit (loss) for the period before taxes9903	€0.3m	€0.3m	€0.2m	€0.5m	€0.3m	€0.5m	€0.2m	€0.1m	▼ 58.0%
Income taxes67/77	€0.04m	€0.06m	€0.05m	€0.1m	€0.09m	€0.1m	€0.06m	€0.03m	▼ 54.3%
Profit (loss) for the period9904	€0.3m	€0.2m	€0.1m	€0.4m	€0.2m	€0.4m	€0.2m	€0.07m	▼ 59.4%
Profit (loss) for the period to be appropriated9905	€0.1m	€0.1m	€0.1m	€0.4m	€0.2m	€0.4m	€0.2m	€0.07m	▼ 59.4%

Line	2018	2019	2020	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€4.6m	€4.9m	€4.9m	€4.9m	€5.0m	€5.9m	€6.7m	€6.6m	▼ 2.2%
Fixed assets21/28	€0.5m	€0.5m	€0.2m	€0.1m	€0.2m	€1.6m	€2.5m	€2.4m	▼ 2.4%
Tangible fixed assets22/27	€0.5m	€0.5m	€0.2m	€0.09m	€0.2m	€1.6m	€2.5m	€2.4m	▼ 2.4%
Plant, machinery and equipment23	-	-	-	€0.03m	€0.02m	€0.03m	€0.6m	€0.9m	▲ 48.4%
Furniture and vehicles24	-	-	-	€0.009m	€0.1m	€1.5m	€1.8m	€1.5m	▼ 18.1%
Leasing and similar rights25	-	-	-	€0.06m	€0	-	-	-	-
Other tangible fixed assets26	-	-	-	-	€0.06m	€0.08m	€0.07m	€0.06m	▼ 12.7%
Financial fixed assets28	€0.005m	€0.003m	€0.001m	€0.001m	€0.001m	€100	€100	€100	=
Current assets29/58	€4.1m	€4.4m	€4.7m	€4.8m	€4.8m	€4.3m	€4.2m	€4.1m	▼ 2.2%
Stocks and contracts in progress3	€0.07m	€0.05m	€0.07m	€0.1m	€0.2m	€0.2m	€0.1m	€0.1m	▼ 10.9%
Stocks30/36	-	-	-	€0.1m	€0.2m	€0.2m	€0.1m	€0.1m	▼ 10.9%
Amounts receivable within one year40/41	€1.0m	€1.2m	€1.0m	€2.1m	€1.3m	€1.6m	€1.1m	€1.5m	▲ 31.5%
Trade receivables40	-	-	-	€2.0m	€1.3m	€1.4m	€1.1m	€1.4m	▲ 33.0%
Other amounts receivable41	-	-	-	€0.04m	€0.002m	€0.1m	€0.06m	€0.06m	▲ 2.3%
Current investments50/53	€250	€250	€250	€250	€250	€2.0m	€250	€250	=
Cash at bank and in hand54/58	€3.1m	€3.1m	€3.6m	€2.6m	€3.2m	€0.4m	€2.9m	€2.4m	▼ 17.0%
Deferred charges and accrued income490/1	-	-	-	€0.05m	€0.1m	€0.1m	€0.1m	€0.2m	▲ 51.6%
Equity and liabilities
Total equity and liabilities10/49	€4.6m	€4.9m	€4.9m	€4.9m	€5.0m	€5.9m	€6.7m	€6.6m	▼ 2.2%
Equity10/15	€3.4m	€3.6m	€3.7m	€3.8m	€3.5m	€3.9m	€4.1m	€4.2m	▲ 1.6%
Contributions10/11	€0.2m	€0.2m	€0.2m	€0.2m	€0.2m	€0.2m	€0.2m	€0.2m	=
Capital10	-	-	-	€0.2m	€0.2m	€0.2m	€0.2m	€0.2m	=
Issued capital100	-	-	-	€0.2m	€0.2m	€0.2m	€0.2m	€0.2m	=
Reserves13	€3.1m	€3.3m	€3.5m	€3.6m	€3.3m	€3.7m	€3.8m	€3.9m	▲ 1.9%
Non-distributable reserves130/1	-	-	-	€0.03m	€0.03m	€0.03m	€0.03m	€0.03m	=
Legal reserve130	-	-	-	€0.03m	€0.03m	€0.03m	€0.03m	€0.03m	=
Tax-exempt reserves132	-	-	-	€1.1m	€1.1m	€1.1m	€1.1m	€1.1m	=
Distributable reserves133	-	-	-	€2.5m	€2.2m	€2.6m	€2.8m	€2.8m	▲ 2.6%
Profit (loss) carried forward14	-	-	-	€0	€0	€0	-	-	-
Investment grants15	-	-	-	-	-	€0.03m	€0.02m	€0.02m	▼ 33.1%
Amounts payable17/49	€1.3m	€1.3m	€1.2m	€1.1m	€1.5m	€1.9m	€2.6m	€2.4m	▼ 8.3%
Amounts payable after more than one year17	€0.5m	€0.5m	€0.3m	€0.1m	€0.009m	€0.8m	€1.3m	€1.2m	▼ 7.7%
Financial debts170/4	-	-	-	€0.1m	€0.009m	€0.8m	€1.3m	€1.2m	▼ 7.7%
Amounts payable within one year42/48	€0.8m	€0.9m	€0.9m	€1.0m	€1.5m	€1.1m	€1.3m	€1.2m	▼ 9.2%
Current portion of amounts payable after more than one year42	-	-	-	€0.1m	€0.1m	€0.1m	€0.4m	€0.4m	▲ 24.3%
Trade debts44	€0.3m	€0.3m	€0.4m	€0.6m	€0.5m	€0.6m	€0.5m	€0.2m	▼ 51.3%
Suppliers440/4	-	-	-	€0.6m	€0.5m	€0.6m	€0.5m	€0.2m	▼ 51.3%
Taxes, remuneration and social security45	-	-	-	€0.3m	€0.4m	€0.4m	€0.4m	€0.5m	▲ 12.5%
Taxes450/3	-	-	-	€0.03m	€0.08m	€0.03m	€0.05m	€0.08m	▲ 52.0%
Remuneration and social security454/9	-	-	-	€0.3m	€0.3m	€0.3m	€0.4m	€0.4m	▲ 6.6%
Other amounts payable47/48	-	-	-	-	€0.5m	€0	-	-	-
Accrued charges and deferred income492/3	-	-	-	-	€0.001m	€0.001m	€0.003m	€0.007m	▲ 137%

Line	2018	2019	2020	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€0.3m	€0.2m	€0.1m	€0.4m	€0.2m	€0.4m	€0.2m	€0.07m	▼ 59.4%
+ Depreciation and write-downs630	€0.3m	€0.4m	€0.3m	€0.1m	€0.07m	€0.2m	€0.5m	€0.6m	▲ 23.8%
Operating cash flow (approximation)	€0.7m	€0.6m	€0.4m	€0.5m	€0.3m	€0.5m	€0.6m	€0.6m	▲ 0.2%
Investment in fixed assets (approximation)	-	-€0.4m	€0.002m	-€0.001m	-€0.2m	-€1.5m	-€1.4m	-€0.5m	▲ 63.3%
Change in cash	-	€0.05m	€0.5m	-€1.0m	€0.7m	-€2.9m	€2.5m	-€0.5m	-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Historical observation

In July 2024, 14,766 companies had the same profile as TRANSPORT VANDERVORST has now. Two years later, 96.2% were still going and 0.2% had gone bankrupt.

Small
20 years or older
solvency 30% or more
a profit under 5% of the balance sheet

96.2% was still going

3.5% stopped otherwise

0.2% went bankrupt

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of TRANSPORT VANDERVORST itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group	Expected	Actual
1	0.2%	0.2%
2	0.3%	0.5%
3	0.5%	0.6%
4	0.7%	0.8%
5	0.9%	0.9%
6	1.3%	1.5%
7	1.6%	1.8%
8	1.8%	1.8%
9	3.0%	3.1%
10	5.6%	6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 14,766 companies, not a prediction for TRANSPORT VANDERVORST. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Latest 10 of 48 filings with the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2025	full format	30-07-2026	2026-00357128	PDF
31-12-2024	abbreviated format	30-07-2025	2025-00339291	PDF
31-12-2023	abbreviated format	30-07-2024	2024-00315265	PDF
31-12-2022	abbreviated format	31-07-2023	2023-00296709	PDF
31-12-2021	abbreviated format	21-09-2022	2022-20432529	PDF
31-12-2020	abbreviated format	26-07-2021	2021-39200447	PDF
31-12-2019	abbreviated format	30-07-2020	2020-36600525	PDF
31-12-2018	abbreviated format	31-07-2019	2019-40700552	PDF
31-12-2017	abbreviated format	31-07-2018	2018-39300066	PDF
31-12-2016	abbreviated format	31-07-2017	2017-37800094	PDF

Show all 48 filings

Board & ownership

Directors

4 directors, 2 in day-to-day management, last change in 2025

Board 4

BMG CONSULTING

Director · since 30-06-2023 · Private limited company · permanent representative: Vandervorst Pascal · also on the board of 1 other company · listed in the 2025 annual accounts, filed on 30-07-2026

Current

L&N Solutions

Director · current term since 30-06-2023 · Private limited company · permanent representative: Van Win Ludwig · listed in the 2025 annual accounts, filed on 30-07-2026

Current

Radenne Lionel

Director · since 30-06-2023 · listed in the 2025 annual accounts, filed on 30-07-2026

Current

Denis Riesbeck

Director · since 15-05-2025 · term until the 2029 general meeting · listed in the 2025 annual accounts, filed on 30-07-2026

Current

Day-to-day management 2

L&N Solutions

Managing director · appointed in the act of 03-03-2022 · Private limited company · permanent representative: Van Win Ludwig

Current

BMG CONSULTING

Managing director · in office according to the act of 11-10-2023 · Private limited company · permanent representative: Vandervorst Pascal

Current

Permanent representatives 2

Van Win Ludwig

Permanent representative · appointed in the act of 03-03-2022 · for L&N Solutions

Current

Vandervorst Pascal

Permanent representative · in office according to the act of 11-10-2023 · for BMG CONSULTING

Current

Office holders in the KBO →

Signing authority

Two directors jointly

deed of 02-05-2024

Owners and capital

Shareholders

1 owner

Chain of control

BRUN INVEST SASFR consolidates
TRANSPORT VANDERVORST

BRUN INVEST SASFRconsolidating parent
Sourceparent in own accounts 2025

consolidates

Capital transactions

Capital over time

02-05-2024 Capital stated in the deed · €234,507.58

Mandate history

7 people, 4 in office

All 7 In office 4 Ended 3

Board
Day-to-day management
began earlier

Mandates per person, with start and end dates
Name	Functions and periods
L&N Solutions	Director, appointed in the act of 03-03-2022, still in office Managing director, appointed in the act of 03-03-2022, still in office
BMG CONSULTING	Director, since before 30-06-2023 Managing director, since before 30-06-2023
Radenne Lionel	Director, since before 30-06-2023
Denis Riesbeck	Director, from 15-05-2025 to date
Christian Quentin	Director, from before 30-06-2023 to 21-08-2025
Johan Vandervorst	Director, until 01-04-2023
Jean-Yves Le Roux	Director, until 18-10-2022

See the board, name and registered office on a given date →

Articles of association

Liquidation rule: “Alle machten artikel 2:87 Wetboek van vennootschappen en verenigingen, zonder bijzondere machtiging algemene vergadering”

Articles of association, deed of 02-05-2024 (in Dutch)

Network & group

Companies at the same address

1 other company

Immobiliënmaatschappij van Diegem Registered office · since 1975 0415093583

Connections & network

1 connected company

Depth

The connected companies are in the list below.

This company Company Director Shareholding +N: links not shown yet

Linked via shared directors

Immobiliënmaatschappij van Diegem

Shared corporate director

→

Timeline

Acts, filings and financial milestones

All 17Financial 2Gazette 5Filings 10

Deadline for the 2026 accounts: 31-07-2027

2026

30-07

NBB filing Annual accounts 2025 filedNBB

full format · 1 day before the deadline

2025

31-12

Financial Weakest financial yearnet €73,212 ▼59.4%

The net result drops to €73,212, the lowest from 2018 to 2025.

21-08

Gazette deed 1 director appointed, 1 director resigning

Resignation: Christian Quentin (director) · Appointment: Denis Riesbeck (director) · Permanent representative: Van Win Ludwig4 points ▸

General meeting, 15-05-2025
Director resignation, Christian Quentin (director)
Director appointment, Denis Riesbeck (director)
Permanent representative, Van Win Ludwig

Open the act in the Belgian Official Gazette

30-07

NBB filing Annual accounts 2024 filedPDF

abbreviated format · 1 day before the deadline

2024

30-07

NBB filing Annual accounts 2023 filedPDF

abbreviated format · 1 day before the deadline

02-05

Gazette deed Capital & shares · Purpose · Amendment of the articles

Purpose change · Capital · Transfer restriction6 points ▸

General meeting, 08-04-2024
Purpose change
Capital, €234,507.58, mentioned 2 times in the deed
Transfer restriction, “wijziging”, 10 (deed in Dutch)
Amendment of the articles
Other provision, “aflevering vóór registratie, artikel 173,1° bis Wetboek der Registratierechten” (deed in Dutch)

Open the act in the Belgian Official Gazette

2023

11-10

Gazette deed 6 reappointed

Reappointments: BMG CONSULTING BV, L&N SOLUTIONS BV and 2 others · Permanent representatives: Vandervorst Pascal and Van Win Ludwig10 points ▸

General meeting, 30-06-2023
Director reappointment, BMG CONSULTING BV (director)
Director reappointment, L&N SOLUTIONS BV (director)
Director reappointment, Quentin Christian (director)
Director reappointment, Radenne Lionel (director)
Permanent representative, Vandervorst Pascal
Permanent representative, Van Win Ludwig
Board meeting, 30-06-2023
Director reappointment, BMG CONSULTING BV (managing director)
Director reappointment, L&N SOLUTIONS BV (managing director)

Open the act in the Belgian Official Gazette

31-07

NBB filing Annual accounts 2022 filedPDF

abbreviated format · on the deadline day

27-04

Gazette deed 2 directors resigning

Resignations: Jean-Yves Le Roux (director) and Johan Vandervorst (director) · Permanent representative: Pascal Vandervorst · Director discharge6 points ▸

General meeting, 31-03-2023
Director resignation, Jean-Yves Le Roux (director)
Director resignation, Johan Vandervorst (director)
Director discharge, Jean-Yves Le Roux
Director discharge, Johan Vandervorst
Permanent representative, Pascal Vandervorst

Open the act in the Belgian Official Gazette

2022

21-09

NBB filing Annual accounts 2021 filedPDF

abbreviated format · 52 days late

03-03

Gazette deed Appointment: L&N SOLUTIONS BV (director)

Permanent representative: Ludwig Van Win5 points ▸

General meeting, 28-01-2022
Director appointment, L&N SOLUTIONS BV (director)
Permanent representative, Ludwig Van Win
Board meeting, 28-01-2022
Director appointment, L&N SOLUTIONS BV (managing director)

Open the act in the Belgian Official Gazette

2021

31-12

Financial Highest result from 2018 to 2025net €387,130 ▲185%

The operating result of €522,287 and the net result of €387,130 are both a record.

Show earlier events

26-07

NBB filing Annual accounts 2020 filedPDF

abbreviated format · 5 days before the deadline

2020

30-07

NBB filing Annual accounts 2019 filedPDF

abbreviated format · 1 day before the deadline

2019

31-07

NBB filing Annual accounts 2018 filedPDF

abbreviated format · on the deadline day

2018

31-07

NBB filing Annual accounts 2017 filedPDF

abbreviated format · on the deadline day

2017

31-07

NBB filing Annual accounts 2016 filedPDF

abbreviated format · on the deadline day

Show all 48 filings

Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official Gazette Filings with the National Bank

History

TRANSPORT VANDERVORST was incorporated on 28 June 1960.¹ Total assets rose from €4.6m in 2018 to €6.6m in 2025 and headcount from 43.4 to 49.7 full-time equivalents.²

Company details

Register details

Identity

KBO record

Name TRANSPORT VANDERVORST in Dutch

Enterprise number 0403.477.141

Legal form Public limited company

Status Active, normale toestand

Founded 28-06-1960

Entity type Legal entity

Duration

Unlimited

deed of 02-05-2024 (in Dutch)

Registered office clause

“Vlaamse Gewest”

deed of 02-05-2024 (in Dutch)

Registered office and establishments

Registered office Zaventemsesteenweg 93, 1831 Machelen (Brab.), Belgium

Establishment unit Zaventemsesteenweg 93, 1831 Machelen (Brab.) since 01-06-1960 · unit number 2.105.718.659

Activities

NACEBEL 2025

VAT activities

49410 Freight transport by road main activity

Social security (RSZ) activities

49410 Freight transport by road main activity

Codes under NACEBEL 2008

VAT activities

49410 Road freight transport main activity

Social security (RSZ) activities

49410 Road freight transport main activity

Codes under NACEBEL 2003

VAT activities

60242 main activity

Social security (RSZ) activities

60242 main activity

Joint committees 140.03 Paritair Subcomité voor het wegvervoer en de logistiek voor rekening van derden

226 Paritair Comité voor de bedienden uit de internationale handel, het vervoer en de logistiek annual accounts 2025

Purpose

“Alle handelingen die rechtstreeks of onrechtstreeks in verband staan met het nationaal en internationaal vervoer over de weg,per spoor,in de…”

11 activities

Alle handelingen die rechtstreeks of onrechtstreeks in verband staan met het nationaal en internationaal vervoer over de weg,per spoor,in de lucht of met de binnenvaart
Het opstapelen,in bewaring geven,behandelen en verpakken van alle producten en goederen
Het verhuren van voertuigen met of zonder bestuurder
Het uitvoeren van alle onderhouds- en herstellingswerken aan voertuigen
Het verhandelen van voertuigen,wisselstukken,gereedschappen en alle materieel voor de herstelling en het onderhoud van voertuigen
Het optreden als zaakvoerder,bestuurder,volmachtdrager,mandataris of vereffenaar in andere vennootschappen of ondernemingen,alsook het tussenkomen in het dagelijks bestuur van andere vennootschappen en het uitoefenen van overige managementactiviteiten van holdings
Het bemiddelen voor derden in zakelijke transacties
Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten,zoals de aan- en verkoop,de bouw,de verbouwing,de binnenhuisinrichting en decoratie,de huur en verhuur,de onroerende leasing,de ruil,de verkaveling,en in het algemeen alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of het productief maken van onroerende goederen of onroerende zakelijke rechten
Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend vermogen;alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals de aan- en verkoop,de huur en verhuur,de ruil;in het bijzonder het beheer en de valorisatie van alle verhandelbare waardepapieren,aandelen,obligaties,staatsfondsen
Het verwerven en aanhouden van participaties,in eender welke vorm,in alle bestaande of op te richten vennootschappen of ondernemingen,het stimuleren,de planning,de coördinatie,de ontwikkeling van en de investering in vennootschappen en ondernemingen,waarin ze al dan niet een participatie aanhoudt;het deelnemen aan hun beheer,bestuur,vereffening en toezicht alsmede het verlenen van technische,administratieve en financiële bijstand aan deze vennootschappen en ondernemingen
Het toestaan van leningen en kredietopeningen aan vennootschappen en ondernemingen of particulieren,onder om het even welke vorm;in dit kader kan de vennootschap zich ook borg stellen of haar aval verlenen,hypothecaire of andere zekerheden verstrekken,in de meest ruime zin,alle handels- en financiële operaties verrichten behalve die welke wettelijk voorbehouden zijn aan depositobanken,houders van deposito's op korte termijn,spaarkassen,hypotheekmaatschappijen en kapitalisatieondememingen

deed of 02-05-2024 (in Dutch)

Invoicing and payment

VAT number BE 0403.477.141

E-invoicing via Peppol

Reachable via Peppol

Peppol ID 0208:0403477141

Other Peppol ID 9925:BE0403477141

Registered 26-08-2025

Follow this company and you will hear the next morning if it leaves the Peppol register.

Financial year and general meeting

Accounts at the NBB

Financial year end 31-12

Annual meeting

15 May

deed of 02-05-2024 (in Dutch)

Recognitions · licences · registrations

Dual-learning approval

1 live approval

Logistiek duaal (so)

approved · 2026 to 2031

Environmental permits

2 applications in Flanders since 2022 · 2 granted

Nieuwbouw of aanleggen

Granted on 03-09-2024submitted 17-06-2024authority: Machelenproject 2024074202

Verwijderen van vrijstaande gebouwen

Granted on 14-03-2023submitted 30-11-2022authority: Machelenproject 2022127685

Source: Omgevingsloket Vlaanderen.

Sites & property

Location

registered office establishment The establishment unit on the map

2 companies at this address See who is registered here

Buildings and parcels at the address

Ground area

2,913 m²

Building footprint

253 m²

Building volume

899 m³

Cadastral parcel	Region	Area	Buildings	Height / floors
23015A0238/00B000	Flanders	2,913 m²	1 · 253 m²	4.4 m · 1

Overview

Overview

Official details

Board and ownership

Financial position

Checked score

Signals

Financials

Financials · financial year 2025, full format

Staff

Investments

Subsidies and aid

Flemish government

Historical observation

Board & ownership

Directors

Board 4

Day-to-day management 2

Owners and capital

Shareholders

Owners 1

Capital transactions

Mandate history

Articles of association

Network & group

Companies at the same address

Connections & network

Timeline

Acts, filings and financial milestones

History

Company details

Register details

Identity

Registered office and establishments

Activities

Invoicing and payment

Financial year and general meeting

Recognitions · licences · registrations

Dual-learning approval

Environmental permits

Sites & property

Buildings and parcels at the address