TRANSVAAL
ActiveThe computed 12-month bankruptcy probability of TRANSVAAL is 3.3% (moderate). The 2024 annual accounts show negative equity (€-34k) and a net result of €0. Equity is shrinking by ~27.4% per year across the filed fiscal years. Its solvency ranks better than 23% of 18944 sector peers (fiscal year 2024). The company has been active since 2009 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2024
38
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability38▼-10
Solvency13=
Growth72▲+17
Track record92
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 4.1 against 4.1 in 2023; short-term debt: 14.2% and cash: 0.3% of total assets), but equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-11.8%
Return on assets
0%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 18944 sector peers (2024).
NBB · sector comparisonPosition among 18944 sector peers
Solvency
better than 23%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-11-2025, 110 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
110 d late
2023
433 d late
2022
760 d late
2021
1125 d late
2020
94 d late
2019
1 d early
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Strikeout withdrawn
Financials · fiscal year 2024, micro schema
Turnover
€313k▲ 37.9%
2023 · €227k
2018: €86k
2019: €82k
2020: €31k
2021: €78k
2022: €85k
2023: €227k
2018 → 2024
EBIT margin
1.5%▲ 4.9pp
2023 · -3.4%
2018: -3.0%
2019: -10.1%
2020: -54.5%
2021: 7.4%
2022: -4.2%
2023: -3.4%
2018 → 2024
Net result
€0
2023 · €-12k
2018: €-3k
2019: €-9k
2020: €-17k
2021: €5k
2022: €-5k
2023: €-12k
2018 → 2024
Working capital
€129k=
2023 · €129k
2018: €-64k
2019: €-66k
2020: €-86k
2021: €113k
2022: €155k
2023: €129k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€31k-€78k▲ 152%€85k▲ 8.4%€227k▲ 167%€313k▲ 37.9%
Equity€-23k-€-18k▲ 22.1%€-23k▼ 27.9%€-34k▼ 52.5%€-34k=
Operating result€-17k-€6k€-4k€-8k▼ 116%€5k
Net result€-17k-€5k€-5k€-12k▼ 141%€0
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €5k after a loss of €8k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €293k
Fixed assets
€122k=
Current assets
€171k=
Key figures and ratios
Solvency
-11.8%=
2023 · -11.8%
Current ratio
4.10=
2023 · 4.10
Quick ratio
0.86=
2023 · 0.86
Debt / equity
-9.51=
2023 · -9.51
ROA
0.0%▲
2023 · -4.0%
Debt
€327k=
2023 · €327k
Debt ≤ 1 year
€42k=
2023 · €42k
Debt > 1 year
€26k=
2023 · €26k
Staff costs
€4k▼
2023 · €11k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€293k€293k=
Fixed assets21/28€122k€122k=
Tangible fixed assets22/27€99k€99k=
Plant, machinery and equipment23€99k€99k=
Financial fixed assets28€23k€23k=
Current assets29/58€171k€171k=
Stocks and contracts in progress3€135k€135k=
Stocks30/36€135k€135k=
Amounts receivable within one year40/41€35k€35k=
Trade receivables40€21k€21k=
Other amounts receivable41€13k€13k=
Cash at bank and in hand54/58€935€935=
Equity and liabilities
Total equity and liabilities10/49€293k€293k=
Equity10/15€-34k€-34k=
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€-55k€-55k=
Amounts payable17/49€327k€327k=
Amounts payable after more than one year17€26k€26k=
Financial debts170/4€26k€26k=
Amounts payable within one year42/48€42k€42k=
Current portion of amounts payable after more than one year42€9k€9k=
Financial debts43€6k€0▼
Other loans439€6k€0▼
Trade debts44€27k€33k▲
Suppliers440/4€27k€33k▲
Accrued charges and deferred income492/3€259k€259k=
Income statement
Code20232024
Turnover70€227k€313k▲
Goods, raw materials, services and sundry goods60/61€198k€302k▲
Remuneration, social security and pensions62€11k€4k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k-
Other operating charges640/8€721€2k▲
Gross operating margin9900€28k€11k▼
Operating profit (loss)9901€-8k€5k▲
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€-12k€0▲
Profit (loss) for the period9904€-12k€0▲
Profit (loss) for the period to be appropriated9905€-12k€0▲
Appropriation of the result
Profit (loss) to be appropriated9906€-55k€-55k=
Profit (loss) brought forward from the previous period14P€-43k€-55k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-11
KBO administration
Strikeout withdrawn
18-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 110 days late
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 433 days late
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 760 days late
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1125 days late
2021
31-12
Financial
Back to profitnet €5k
Net result €5k after 3 loss-making years.
31-12
Financial
Liquidity times 13current ratio 8.04
Current ratio from 0.64 to 8.04; short-term debt falls from €239k to €16k.
02-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 94 days late
2020
31-12
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
17-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 230 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
18-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 171 days late
2014
29-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 29 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Brugge · 3 establishment units since 2009
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.
Ronsaardbekestraat 3 B8000 BruggeGround area
2,113 m²
Building footprint
1,120 m²
Volume, LiDAR
5,332 m³
3 parcels, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
Brugse whisky company
since 20092.177.512.220
depot brugse whisky
since 20212.314.239.856
Brugse whisky
since 20212.358.521.940
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37003C0311/00E000 | Flanders | 1,060 m² | 1 · 216 m² | 4.8 m · 1 fl. |
| 31434C0216/00M005 | Flanders | 937 m² | 1 · 812 m² | 9.1 m · 2 fl. |
| 31807H0474/00Z007 | Flanders | 116 m² | 1 · 91 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesBrugge2.177.512.220
Pittem2.314.239.856
Similar companies · same sector, comparable size
M & D EVENTS
BE 0696.792.669
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Da Franco
BE 0802.938.581
Peer · Eq €3k
FRITUUR E&J
BE 1007.420.620
Rotselaar · Eq €3k
M et M
BE 0450.968.341
Etterbeek · Eq €3k
PLAS
BE 0476.945.337
Sint-Joost-ten-Node · Eq €3k
Of 21,896 companies in sector 56112 we hold annual accounts for 9,785. 4,306 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded14-04-2009
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
56101Full-service restaurants
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
6 entriesWebsite:www.baristas-secret.be
E-mail:pedmeyer@telenet.be
Phone:0495330042
Website:www.brugsewhisky.be
E-mail:info@brugsewhisky.be
Phone:050666099