Equity
€977,555 ▼ 34.8%
TRANSPORTS DELSENCERIE paid out €700,000 in dividends. That is 392% of the 2025 profit.
TRANSPORTS DELSENCERIE
Lifetime
20 annual accounts with figures on one time axis, 36 filings since 1990peak €3.0m (2006)
€1.8m▼ 4.1%
lowest -€246,453 (2011)
€178,345▼ 45.2%
peak €1.5m (2024)
€977,555▼ 34.8%
€443,808▼ 14.0%
peak 44.1 FTE (2010)
18.8 FTE▲ 5.6%
Board3 names since 2000
3 directorsVANDEWALLE Stéphane and 2 others
Owners
Documentsfilings and deeds
28-08-202628 days late
2025financial year
Result from €325,224 to €178,345Dividend €700,000Equity from €1.5m to €977,555
Key points
from the 2025 annual accountsResult
€178,345 ▼ 45.2%
The result fell in 2025 from €325,224 to €178,345.
Turnover
≈ €3.4m estimated
The accounts state no turnover.
Staff
18.8 FTE from 44.1 in 2010
Between 2010 and 2025, 57% of the full-time equivalents disappeared.
Liquidity
1.92 was 2.90 in 2024
Short-term debts fell from €515,784 to €443,472.
Filings
36 annual accounts since 1990
Eight of the last ten came late. The 2019 accounts came latest: 53 days after the end of the period.
Checked score
93
Excellent
Financially stronger than 61% of small companies in land transport (NACE 49)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 1,182 companies (NACE 49, small).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025highest value
09-2025: 0.1%▼ -0.1 percentage points 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 01-2026
03-2026: 0.1%● unchanged vs 02-2026
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: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.1%▼ -0.1 percentage points vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Land transport and transport via pipelines (NACE 49)
lowers risk
Founded in 1990
Equity €977,555 (68.8% of total assets)
Liquidity: current ratio 1.92, cash €181,991
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 85% of them on solvency, 66% on liquidity, 86% on profitability and 7% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as TRANSPORTS DELSENCERIE has now. Each dot stands for 51 companies, two years later.
95.1%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of TRANSPORTS DELSENCERIE itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 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.
| 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 20,137 companies, not a prediction for TRANSPORTS DELSENCERIE. 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.
Credit verdict
Credit of up to €90,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.92 (2.9 in 2024), above the usual 1.5. Short-term debt is 31.2% and cash 12.8% of total assets. 31.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
28 days late
2024
28 days late
2023
8 days late
2022
30 days late
2021
30 days late
2020
31 days late
2019
53 days late
← 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 30 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)
neutral · 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 28 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- SOCIETE TOURNAISIENNE DE TRANSPORT 91.02%score 95equity €4.9m (2025) · annual accounts 2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0440175508
1 director appointed, 3 reappointments
Reappointments: DELSENCERIE Morgan, NAUDTS Colette and VANDEWALLE Stéphane · Appointment: NAUDTS Colette (managing director) · General meeting of 08-02-2024 · Gazette deed
1 director appointed, 3 reappointments
Reappointments: Colette NAUDTS (managing director), Morgan DELSENCERIE and Stéphane VANDEWALLE · Appointment: Colette NAUDTS (managing director and chair of the board) · General meeting of 05-08-2020 · Gazette deed
First establishment
Chaussée de Douai 75, Tournai
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TRANSPORTS DELSENCERIE Tournai | €1.4m | €1.8m | 68.8% | 18.8 |
| INTRAMARKET Bree | €1.7m | €1.8m | 38.1% | 21 |
| DALTRANS Maldegem | €1.5m | €2.0m | 43.8% | 18.2 |
| DBT LOGISTICS Kalmthout | €1.3m | €1.7m | 56.9% | 15.2 |
| Marcel JONCKHEERE et Fils Brunehaut | €2.2m | €1.5m | 22.4% | 15.8 |
| TRANSPORTS BYL Tournai | €2.3m | €1.4m | 5.5% | 20 |
| TRANSPORTS BAUDRY Leuze-en-Hainaut | €2.0m | €1.7m | 86.9% | 20.5 |
These companies have the same main activity as TRANSPORTS DELSENCERIE: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €1.3m and €2.3m, founded between 1983 and 2002.
Official details
Source: KBO- Status
- Active since 30-03-1990Normal situation
- Activity
- Freight transport by roadNACE 49410
- Joint committees
- 140.03Road transport and logistics for third parties
- 140.04Airport ground handling
- 226White-collar workers in international trade, transport and logistics · annual accounts 2025
- Establishment unit
- 2.050.198.4337504 Tournai, since 06-11-1990
- Financial year end
- 31 December
- Peppol
- Reachable since 13-11-2025
Annual accounts 2025
- €1.4m▼ 29.5%
- Employeeson 31-12-2025
- 19▼ 5.0%
- Filing
- Filed on 28-08-2026
Insights on TRANSPORTS DELSENCERIE
TRANSPORTS DELSENCERIE has existed since 1990. The gross margin fell from €3.0m in 2006 to €1.8m in 2025 and staff from 43.8 to 18.8 full-time equivalents.
Solvency fell in 2025 from 74.4% to 68.8% because of the dividend.
SOCIETE TOURNAISIENNE DE TRANSPORT holds 91.02% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TRANSPORTS DELSENCERIE
- What is the company number of TRANSPORTS DELSENCERIE?
- The company number of TRANSPORTS DELSENCERIE is 0440.175.508. The VAT number is the same number with BE in front: BE 0440.175.508.
- Where is TRANSPORTS DELSENCERIE based?
- The registered office is at Chaussée de Douai 870, 7504 Tournai.Company details
- What does TRANSPORTS DELSENCERIE do?
- According to the KBO register, the main activity is freight transport by road (NACE 49410).
- What is the legal form of TRANSPORTS DELSENCERIE?
- TRANSPORTS DELSENCERIE is a public limited company (NV).
- When was TRANSPORTS DELSENCERIE founded?
- TRANSPORTS DELSENCERIE was founded on 30-03-1990.
- Is TRANSPORTS DELSENCERIE still active?
- Yes, TRANSPORTS DELSENCERIE is an active enterprise in the KBO register.
- How many employees does TRANSPORTS DELSENCERIE have?
- TRANSPORTS DELSENCERIE had an average of 18.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does TRANSPORTS DELSENCERIE fall under?
- In its 2025 annual accounts, TRANSPORTS DELSENCERIE states joint committees 140.03 (Road transport and logistics for third parties), 140.04 (Airport ground handling) and 226 (White-collar workers in international trade, transport and logistics).
- What is the turnover of TRANSPORTS DELSENCERIE?
- The turnover in financial year 2025 is ≈ €3.4m. This figure is estimated from the gross margin of €1.8m and 31 comparable companies (NACE 49410). It probably lies between €3.0m and €4.0m. In financial year 2019 turnover was €5.8m.
- Is TRANSPORTS DELSENCERIE profitable?
- In financial year 2025, TRANSPORTS DELSENCERIE made a profit of €178,345.
- Where can I find the annual accounts of TRANSPORTS DELSENCERIE?
- TRANSPORTS DELSENCERIE filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TRANSPORTS DELSENCERIE due?
- TRANSPORTS DELSENCERIE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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