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Transvago

Active
Public limited companyfounded 196957 yrs activeFranklin Rooseveltlaan 121, 8790 Waregem, BelgiumKBO/BCE: BE 0406.489.089
Summary

Transvago has been active since 1969 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €847,856 and a net result of €40,237. Equity is growing by ~2.5% per year across the filed fiscal years. Its solvency ranks better than 18% of 9986 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Risk analysisWatch ReportCompare
TransvagoActiveChecked score 92/100
Risk analysis ReportCompare

Overview

Activity
Activities of head offices
NACE 70100Freight transport by road NACE 49410NACE 60242
#4 oldest company in Waregem, Professional and technical services sector1 site
Size
€6.4mtotal assets 2025
Staff
1 FTE
Equity
€847,856
Profit
€40,237
Turnover not published (abridged schema)
Financial health
92 Excellent Checked score 2025
Bankruptcy chance 12 m
< 0.1%
Structure
Parent
IMMO-VAGO · 100%
Accounts on time0 of 7 deeds read
Why 92- Equity €847,856 (13.3% of total assets)+ Size: 1 FTE, total assets €6.4m+ Founded in 1969+ Figures for FY 2025 (filed 06-05-2026)Show the evidence

Checked score

Score 2025
92 / 100
Excellent
Probability in this band: under 0.55%
Better than 33% of its sector peers (NACE 70, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 38+2
equity 13.3% of total assets
Liquidity 51+15
short-term debt 30.2% · cash 11.3%
Profitability 70=
return on assets 0.6%
Bankruptcy probability, 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 0.1% (47,599 companies)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● 0.0% vs 11-2024 01-2025: < 0.1%▲ +4.2% vs 12-2024 02-2025: 0.1%▲ +2.0% vs 01-2025 03-2025: 0.1%▲ +17.6% vs 02-2025 04-2025: 0.1%▲ +53.3% vs 03-2025 05-2025: 0.2%▲ +70.7% vs 04-2025 06-2025: 0.1%▼ -9.6% vs 05-2025 07-2025: 0.1%● 0.0% vs 06-2025 08-2025: 0.1%● 0.0% vs 07-2025 09-2025: 0.1%● 0.0% vs 08-2025 10-2025: 0.1%● 0.0% vs 09-2025 11-2025: 0.1%▲ +2.1% vs 10-2025 12-2025: 0.1%▲ +2.1% vs 11-2025 01-2026: 0.2%▲ +5.4% vs 12-2025 02-2026: 0.2%▲ +2.6% vs 01-2026 03-2026: 0.2%▲ +2.5% vs 02-2026 04-2026: 0.2%▲ +45.7% vs 03-2026 05-2026: 0.4%▲ +77.0% vs 04-2026highest value 06-2026: < 0.1%▼ -89.1% vs 05-2026lowest value 07-2026: < 0.1%● 0.0% vs 06-2026lowest value 08-2026: < 0.1%● 0.0% vs 07-2026lowest value 09-2026: < 0.1%● 0.0% vs 08-2026lowest value 10-2026: < 0.1%● 0.0% vs 09-2026lowest value
  • Size: 1 FTE, total assets €6.4m lowers the probability for this profile
  • Equity €847,856 (13.3% of total assets) raises the probability
  • Founded in 1969 lowers the probability for this profile
  • Figures for FY 2025 (filed 06-05-2026) lowers the probability
Credit up to €75,000 at 30 days acceptable
Liquidity short (current ratio 0.71 against 0.36 in 2024; short-term debt: 30.2% and cash: 11.3% of total assets), and 86.7% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 70, micro). Better than this share of them on solvency 19%, liquidity 39%, profitability 33%, growth against the median 41%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: 1 FTE, total assets €6.4m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Equity €847,856 (13.3% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 1969
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Figures for FY 2025 (filed 06-05-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 9986 sector peers (2025).
NBB · sector comparison
Position among 9986 sector peers
Solvency
better than 18%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
on the day
2024
1 d early
2023
43 d early
2022
15 d late
2021
2 d late
2020
74 d early
2019
45 d early
← 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 21 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 30 April (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 close03-10-2026 today30-04-2027 deadline
neutral · 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
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Weakest financial yearnet €40,237 ▼32.2%
  3. Annual accounts filedfiscal year 2024 · abbreviated…

Key points

  • Caution: Among the weakest 18% on solvencysector median 52.7% · 9,986 companies 13.3% View
  • Controlled by IMMO-VAGO 100% View
  • Positive: 7 profitable years in a rowprofit 2025: €40,237 7 years View
  • Active since 1969founded 01-01-1969 57 years View

By topic

Financials

Fiscal year
2025
Total assets
€6.4m
Profit
€40,237
Solvency
13.3%
Total assets▼ 16.1%
Net result
20192025
Go to Financials

Timeline

Events
12
Since
2017
Next accounts
by 30-04-2027
  1. 30-04-2026Annual accounts filed
  2. 30-09-2025Weakest financial year
  3. 29-04-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Activities of head officesNACE 70100
Founded
01-01-1969
Year ends
30-09
Peppol
Reachable for e-invoices
Go to Company details

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