Financials
- Financial year
- 2024
- Turnover
- €980,701
- Loss
- -€155,892
- Solvency
- -16.7%
Turnover▼ 30.9%
Net result
20182024
TRANSPORTS MASSAGE
ActiveThe file of TRANSPORTS MASSAGE contains 2 judicial reorganisation notices, as published in the Belgian Official Gazette.
Summary
The computed 12-month bankruptcy probability is 16.9% (high). The 2024 annual accounts show negative equity (-€180,467) and a net result of -€155,892. Equity is shrinking by about 30% per year across the filed financial years. Its solvency ranks better than 11% of 6,613 sector peers (NACE 49, financial year 2024).
Overview
Activity
Freight transport by road
NACE 49410
1 site
Size
€980,701turnover 2024
- Staff
- 7 FTE
- Equity
- -€180,467
- Loss
- -€155,892
Why 13raises riskJudicial reorganisation on record (2 publications, latest 08-07-2025)1 financial year not filed after the legal deadline; latest accounts 71 days late; 3 of the last 3 latelowers riskSize: turnover €980,701, total assets €1.1mFounded in 2004Show the evidence
Checked score
Score 2024
13
/ 100
Critical
Probability in this band: over 15.0%
Financially better than 10% of its sector peers (NACE 49, micro)
Financial strength · tick = 2023
Weak
Solvency
8-15
equity -16.7% of total assets
Liquidity
15-10
short-term debt 67.2% · cash 0.9%
Profitability
2-14
return on assets -14.4%
Bankruptcy probability, 12 months
16.9%
High
0%0.5%1.5%4%10%≥ 25%
About 1 in 6 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 3.8%lowest value
12-2024: 3.8%● unchanged vs 11-2024lowest value
01-2025: 3.8%● unchanged vs 12-2024lowest value
02-2025: 3.8%● unchanged vs 01-2025
03-2025: 3.8%● unchanged vs 02-2025
04-2025: 3.8%● unchanged vs 03-2025
08-2026: 18.3%highest value
09-2026: 18.1%▼ -0.2 percentage points vs 08-2026
10-2026: 16.9%▼ -1.2 percentage points vs 09-2026
No credit on open account
Liquidity insufficient (current ratio 0.31, compared with 0.51 in 2023, below 1; short-term debt: 67.2% and cash: 0.9% 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 49, micro): better than 10% on solvency, 14% on liquidity, 12% on profitability and 5% on growth.
The bankruptcy probability was computed on 22-10-2026 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 -€180,467
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, 84 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline23-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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
not filed
2024
71 days late
2023
89 days late
2022
198 days late
2021
347 days late
2020
157 days late
2019
161 days late
← 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 171 days after the deadline; the sector median (NACE 49) for financial year 2024 is on the deadline day, and 49% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · micro…
- Extension of the stay refusedEnterprise Court of Hainaut ·…
- OpeningEnterprise Court of Hainaut ·…
Key points
- Risk: Negative equityfinancial year 2024: debts exceed assets -€180,467 View
- Risk: 3 loss-making years in a rowloss financial year 2024 -€155,892 View
- Caution: Equity fell in 2024from -€24,575 to -€180,467 ▼ 634% View
- Caution: Among the weakest 5% on net resultsector median €5,853 · 6,580 companies -€155,892 View
- Caution: Accounts not fileddeadline was 31-07-2026 84 days late View
By topic
Board & ownership
- Board
- 1 member
- MASSAGÉ NicolasDirector
Timeline
- Events
- 27
- Since
- 2006
- 31-12-2024Weakest financial year
- 28-10-2024Annual accounts filed
- 18-07-2024Resignation: MASSAGÉ Nicolas (manager)
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Freight transport by roadNACE 49410
- Founded
- 14-12-2004
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 36
- Who signs
- Each director alone
- Annual meeting
- Last Thursday of June at 18:00
- Purpose
- “Tout ce qui se rapporte au transport national et…” (deed in French)
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