TRANSRA

Active

Public limited companyfounded 199530 yrs activeRovert 1, 4731 Raeren, BelgiumKBO/BCE: BE 0456.839.019

Summary

TRANSRA has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €243,419 and a net result of €22,671. Equity is shrinking by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 51% of 657 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Risk analysis Watch Report Compare

TRANSRAActiveChecked score 66/100

Risk analysis Report Compare

Checked score

Score 2025

66 / 100

Healthy

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability73▲+1

Solvency63▲+2

Growth32=

Track record100

Bankruptcy probability, 12 months

0.5% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €16,000 at 30 days acceptable

Liquidity ample (current ratio 1.6 against 1.57 in 2024; short-term debt: 62.5% and cash: 24.3% of total assets), but 62.5% of the assets are financed with debt.

Credit check for your own amount and term

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

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 52

Relative position

BE, all sectors

reference

Warehousing and support activities for transportation (NACE 52)

about 72% more bankruptcies

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

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

37.5%

Return on assets

3.5%

Age of the figures

9 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

53 d early

2024

36 d early

2023

27 d early

2022

12 d early

2021

58 d early

2020

53 d early

2019

34 d late

← before the deadline after the deadline →

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

This company filed its last 7 accounts on average 29 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)

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

27-09-2026 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

History

TRANSRA was incorporated on 27 December 1995.¹ Total assets fell from EUR 903,913 in 2018 to EUR 648,370 in 2025 and headcount from 1 to 1 full-time equivalents.²

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€22,671▲ 27.9%

2024 · €17,729

Working capital

€243,124▼ 3.0%

2024 · €250,519

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before

favourable unfavourable

Line20212022202320242025

Operating result€15,649▼ 92.1%€54,579▲ 249%€103,988▲ 90.5%€24,728▼ 76.2%€31,313▲ 26.6%

Net result€12,244▼ 92.0%€37,997▲ 210%€77,881▲ 105%€17,729▼ 77.2%€22,671▲ 27.9%

Equity€329,999▼ 23.3%€296,567▼ 10.1%€345,877▲ 16.6%€249,320▼ 27.9%€243,419▼ 2.4%

Total assets€800,999▼ 11.2%€691,877▼ 13.6%€811,470▲ 17.3%€688,955▼ 15.1%€648,370▼ 5.9%

Debt€471,000▼ 0.1%€395,310▼ 16.1%€465,593▲ 17.8%€439,635▼ 5.6%€404,951▼ 7.9%

Working capital€324,172▼ 21.0%€292,414▼ 9.8%€344,793▲ 17.9%€250,519▼ 27.3%€243,124▼ 3.0%

Solvency41.2%▼ 6.5pp42.9%▲ 1.7pp42.6%▼ 0.2pp36.2%▼ 6.4pp37.5%▲ 1.4pp

Staff (FTE)1.2▼ 14.3%1▼ 16.7%1=1=1=

above within below the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2025; 2025 is 27% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €648,370

100.0%

Fixed assets €296 ▼ 57.1%

Current assets €648,074 ▼ 5.8%

Equity and liabilities €648,370

37.5%

62.5%

Equity €243,419 ▼ 2.4%

Debt €404,951 ▼ 7.9%

Debt's share of the balance-sheet total falls from 63.8% to 62.5%. Equity and debt are lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€31,708▲

2024 · €25,122

Cash flow

€23,065▲

2024 · €18,123

Current ratio

1.60▲

2024 · 1.57

Debt to equity

1.66▼

2024 · 1.76

ROE

9.3%▲

2024 · 7.1%

ROA

3.5%▲

2024 · 2.6%

Interest coverage

53.42▼

2024 · 95.45

Debt ≤ 1 year

€404,951▼

2024 · €437,747

Income taxes

€8,049▲

2024 · €6,739

Staff costs

€90,954▲

2024 · €89,025

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

Peer companies

Historical observation

Of the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.

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

0.5% went bankrupt

4.9% stopped otherwise

94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group	Expected	Actual
1	0.2%	0.2%
2	0.3%	0.4%
3	0.5%	0.5%
4	0.6%	0.7%
5	0.8%	0.9%
6	1.2%	1.3%
7	1.5%	1.6%
8	1.7%	1.7%
9	2.7%	2.8%
10	5.3%	5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 16,986 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines

Balance sheet Code20242025

Assets

Total assets20/58€688,955€648,370▼

Fixed assets21/28€690€296▼

Tangible fixed assets22/27€690€296▼

Furniture and vehicles24€690€296▼

Current assets29/58€688,266€648,074▼

Amounts receivable within one year40/41€396,299€487,548▲

Trade receivables40€396,299€487,548▲

Cash at bank and in hand54/58€288,327€157,307▼

Deferred charges and accrued income490/1€3,639€3,219▼

Equity and liabilities

Total equity and liabilities10/49€688,955€648,370▼

Equity10/15€249,320€243,419▼

Contributions10/11€62,000€62,000=

Capital10€62,000€62,000=

Issued capital100€62,000€62,000=

Reserves13€6,200€6,200=

Non-distributable reserves130/1€6,200€6,200=

Legal reserve130€6,200€6,200=

Profit (loss) carried forward14€181,120€175,219▼

Amounts payable17/49€439,635€404,951▼

Amounts payable within one year42/48€437,747€404,951▼

Trade debts44€333,818€321,261▼

Suppliers440/4€333,818€321,261▼

Taxes, remuneration and social security45€75,357€55,118▼

Taxes450/3€61,662€41,821▼

Remuneration and social security454/9€13,695€13,297▼

Other amounts payable47/48€28,571€28,571=

Accrued charges and deferred income492/3€1,889-

Income statement Code20242025

Remuneration, social security and pensions62€89,025€90,954▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€394€394=

Other operating charges640/8€2,752€2,969▲

Gross operating margin9900€116,899€125,631▲

Operating profit (loss)9901€24,728€31,313▲

Financial income75/76B€3-

Recurring financial income75€3-

Financial charges65/66B€263€594▲

Recurring financial charges65€263€594▲

Profit (loss) for the period before taxes9903€24,468€30,720▲

Income taxes67/77€6,739€8,049▲

Profit (loss) for the period9904€17,729€22,671▲

Profit (loss) for the period to be appropriated9905€17,729€22,671▲

Appropriation of the result

Profit (loss) to be appropriated9906€295,405€203,791▼

Profit (loss) brought forward from the previous period14P€277,677€181,120▼

Profit to be distributed694/7€114,286€28,571▼

Return on contributions (dividend)694€114,286€28,571▼

Social balance

Average headcount (FTE)90871.01.0=

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2021	2022	2023	2024	2025	Change
Remuneration, social security and pensions62	€85,258	€78,485	€81,637	€89,025	€90,954	▲ 2.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€6,870	€6,621	€6,637	€394	€394	=
Other operating charges640/8	€3,264	€27,408	€2,761	€2,752	€2,969	▲ 7.9%
Gross operating margin9900	€111,042	€167,093	€195,023	€116,899	€125,631	▲ 7.5%
Operating profit (loss)9901	€15,649	€54,579	€103,988	€24,728	€31,313	▲ 26.6%
Financial income75/76B	€3,535	€2	€1	€3	-	-
Recurring financial income75	€3,535	€2	€1	€3	-	-
Financial charges65/66B	€600	€432	€424	€263	€594	▲ 126%
Recurring financial charges65	€600	€432	€424	€263	€594	▲ 126%
Profit (loss) for the period before taxes9903	€18,584	€54,150	€103,565	€24,468	€30,720	▲ 25.5%
Income taxes67/77	€6,340	€16,153	€25,685	€6,739	€8,049	▲ 19.4%
Profit (loss) for the period9904	€12,244	€37,997	€77,881	€17,729	€22,671	▲ 27.9%
Profit (loss) for the period to be appropriated9905	€12,244	€37,997	€77,881	€17,729	€22,671	▲ 27.9%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€800,999	€691,877	€811,470	€688,955	€648,370	▼ 5.9%
Fixed assets21/28	€13,159	€6,538	€1,084	€690	€296	▼ 57.1%
Tangible fixed assets22/27	€13,159	€6,538	€1,084	€690	€296	▼ 57.1%
Plant, machinery and equipment23	€82	-	-	-	-	-
Furniture and vehicles24	€13,076	€6,538	€1,084	€690	€296	▼ 57.1%
Current assets29/58	€787,840	€685,339	€810,387	€688,266	€648,074	▼ 5.8%
Amounts receivable within one year40/41	€581,676	€332,031	€555,115	€396,299	€487,548	▲ 23.0%
Trade receivables40	€522,928	€326,942	€555,115	€396,299	€487,548	▲ 23.0%
Other amounts receivable41	€58,749	€5,089	-	-	-	-
Cash at bank and in hand54/58	€203,999	€348,135	€252,022	€288,327	€157,307	▼ 45.4%
Deferred charges and accrued income490/1	€2,165	€5,173	€3,249	€3,639	€3,219	▼ 11.6%
Equity and liabilities
Total equity and liabilities10/49	€800,999	€691,877	€811,470	€688,955	€648,370	▼ 5.9%
Equity10/15	€329,999	€296,567	€345,877	€249,320	€243,419	▼ 2.4%
Contributions10/11	€62,000	€62,000	€62,000	€62,000	€62,000	=
Capital10	€62,000	€62,000	€62,000	€62,000	€62,000	=
Issued capital100	€62,000	€62,000	€62,000	€62,000	€62,000	=
Reserves13	€6,200	€6,200	€6,200	€6,200	€6,200	=
Non-distributable reserves130/1	€6,200	€6,200	€6,200	€6,200	€6,200	=
Legal reserve130	€6,200	€6,200	€6,200	€6,200	€6,200	=
Profit (loss) carried forward14	€261,799	€228,367	€277,677	€181,120	€175,219	▼ 3.3%
Amounts payable17/49	€471,000	€395,310	€465,593	€439,635	€404,951	▼ 7.9%
Amounts payable within one year42/48	€463,668	€392,925	€465,593	€437,747	€404,951	▼ 7.5%
Trade debts44	€288,299	€305,169	€382,505	€333,818	€321,261	▼ 3.8%
Suppliers440/4	€288,299	€305,169	€382,505	€333,818	€321,261	▼ 3.8%
Taxes, remuneration and social security45	€62,871	€59,184	€83,088	€75,357	€55,118	▼ 26.9%
Taxes450/3	€53,120	€47,686	€76,190	€61,662	€41,821	▼ 32.2%
Remuneration and social security454/9	€9,751	€11,498	€6,899	€13,695	€13,297	▼ 2.9%
Other amounts payable47/48	€112,498	€28,571	-	€28,571	€28,571	=
Accrued charges and deferred income492/3	€7,332	€2,385	-	€1,889	-	-

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€12,244	€37,997	€77,881	€17,729	€22,671	▲ 27.9%
+ Depreciation and write-downs630	€6,870	€6,621	€6,637	€394	€394	=
Operating cash flow (approximation)	€19,114	€44,618	€84,517	€18,123	€23,065	▲ 27.3%
Investment in fixed assets (approximation)	-	€0	-€1,182	€0	€0	-
Change in cash	-	€144,136	-€96,113	€36,305	-€131,020	▼ 461%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

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

2026

08-06

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

25-06

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

04-07

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

19-07

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

03-06

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

31-12

Financial Weakest financial yearnet €12,244 ▼92%

Net result drops to €12,244, the lowest in the series; recovery starts the following year.

08-06

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

31-12

Financial Highest result since 2018net €152,816 ▲361%

Operating result €197,391, net result €152,816, both a record.

03-09

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 34 days late

2019

28-08

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 28 days late

2018

19-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

28-08

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 28 days late

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

0 of 8 acts read

About the unread acts

We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

8 acts for this company are 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, Raeren · 1 establishment unit since 1996

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.

Rovert 14731 Raeren

1 establishment unit

Rovert 1, 4731 Raeren

NACE 6024103

since 19962.074.824.852

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Of 3,187 companies in sector 52250 we hold annual accounts for 1,963. 1,470 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification

Legal formPublic limited company

Founded27-12-1995

Fiscal year end31-12

Activities, NACEBEL 2025

52250Logistics services

E-invoicing

Reachable via Peppol

Peppol ID 0208:0456839019

Also 9925:BE0456839019

Registered 24-07-2025

Scores and ratios are computed by Checked and are not a credit decision.