Transversal
ActiveSummary
Transversal has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €34,440 and a net result of €3,618. Equity is shrinking by ~14.6% per year across the filed fiscal years. Its solvency ranks better than 22% of 8968 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability71▲+33
Solvency44▲+3
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity short (current ratio 0.66 against 0.49 in 2023; short-term debt: 32.6% and cash: 2.5% of total assets), and 81.3% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
18.7%
Return on assets
2%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 8968 sector peers (2024).
NBB · sector comparisonPosition among 8968 sector peers
Solvency
better than 22%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €34,440
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
35 d early
2023
8 d early
2022
18 d late
2021
31 d late
2020
25 d late
2019
25 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 4 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · 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. Usually files around 24 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€34,440▲ 11.7%
2023 · €30,822
Total assets
€183,915▼ 1.9%
2023 · €187,430
Net result
€3,618▲ 43.4%
2023 · €2,523
Working capital
-€20,611▲ 28.0%
2023 · -€28,616
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, 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
Line20202021202220232024
Operating result-€7,207€14,576-€17,780€20,211€8,474▼ 58.1%
Net result-€10,348below the sector's middle half€9,868within the sector's middle half-€22,127below the sector's middle half€2,523within the sector's middle half€3,618within the sector's middle half▲ 43.4%
Equity€48,057within the sector's middle half▼ 39.1%€57,925within the sector's middle half▲ 20.5%€28,298within the sector's middle half▼ 51.1%€30,822within the sector's middle half▲ 8.9%€34,440within the sector's middle half▲ 11.7%
Total assets€185,809within the sector's middle half▼ 4.7%€229,253within the sector's middle half▲ 23.4%€206,678within the sector's middle half▼ 9.8%€187,430within the sector's middle half▼ 9.3%€183,915within the sector's middle half▼ 1.9%
Debt€137,753▲ 18.7%€171,328▲ 24.4%€178,380▲ 4.1%€156,609▼ 12.2%€149,475▼ 4.6%
Working capital€5,228within the sector's middle half▼ 86.8%€9,315within the sector's middle half▲ 78.2%-€24,868below the sector's middle half-€28,616below the sector's middle half▼ 15.1%-€20,611below the sector's middle half▲ 28.0%
Solvency25.9%within the sector's middle half▼ 14.6pp25.3%within the sector's middle half▼ 0.6pp13.7%below the sector's middle half▼ 11.6pp16.4%below the sector's middle half▲ 2.8pp18.7%below the sector's middle half▲ 2.3pp
Current ratio1.10within the sector's middle half▼ 1.541.21within the sector's middle half▲ 0.110.62below the sector's middle half▼ 0.590.49below the sector's middle half▼ 0.140.66below the sector's middle half▲ 0.17
Return on assets (ROA)-5.6%below the sector's middle half▼ 13.3pp4.3%within the sector's middle half▲ 9.9pp-10.7%below the sector's middle half▼ 15.0pp1.3%within the sector's middle half▲ 12.1pp2.0%within the sector's middle half▲ 0.6pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 58% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €183,915
Fixed assets
€144,569 ▼ 9.7%
Current assets
€39,347 ▲ 43.7%
Equity and liabilities €183,915
Equity
€34,440 ▲ 11.7%
Debt
€149,475 ▼ 4.6%
Debt's share of the balance-sheet total falls from 83.6% to 81.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€24,959▼
2023 · €36,780
Cash flow
€20,103▲
2023 · €19,092
Quick ratio
0.58▲
2023 · 0.47
Debt to equity
4.34▼
2023 · 5.08
ROE
10.5%▲
2023 · 8.2%
Interest coverage
6.12▲
2023 · 2.15
Debt ≤ 1 year
€59,958▲
2023 · €55,991
Debt > 1 year
€89,518▼
2023 · €100,618
Income taxes
€776▲
2023 · €585
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,508 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.4%
went bankrupt
1.6%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 1.0% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 4,508 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,609 | €9,588 | €13,706 | €16,569 | €16,485 | ▼ 0.5% |
| Other operating charges640/8 | - | €3,428 | €1,314 | - | €0 | - |
| Gross operating margin9900 | €565 | €27,592 | -€2,760 | €36,780 | €24,959 | ▼ 32.1% |
| Operating profit (loss)9901 | -€7,207 | €14,576 | -€17,780 | €20,211 | €8,474 | ▼ 58.1% |
| Financial income75/76B | - | - | €0 | €37 | - | - |
| Recurring financial income75 | - | - | €0 | €37 | - | - |
| Financial charges65/66B | - | €3,449 | €4,348 | €17,139 | €4,080 | ▼ 76.2% |
| Recurring financial charges65 | €3,154 | €3,449 | €4,348 | €17,139 | €4,080 | ▼ 76.2% |
| Profit (loss) for the period before taxes9903 | -€10,361 | €11,127 | -€22,127 | €3,109 | €4,394 | ▲ 41.3% |
| Income taxes67/77 | -€14 | €1,259 | - | €585 | €776 | ▲ 32.5% |
| Profit (loss) for the period9904 | -€10,348 | €9,868 | -€22,127 | €2,523 | €3,618 | ▲ 43.4% |
| Profit (loss) for the period to be appropriated9905 | -€10,348 | €9,868 | -€22,127 | €2,523 | €3,618 | ▲ 43.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €185,809 | €229,253 | €206,678 | €187,430 | €183,915 | ▼ 1.9% |
| Formation expenses20 | €0 | €0 | €0 | - | - | - |
| Fixed assets21/28 | €128,738 | €175,725 | €165,298 | €160,055 | €144,569 | ▼ 9.7% |
| Tangible fixed assets22/27 | €128,738 | €175,725 | €165,298 | €160,055 | €144,569 | ▼ 9.7% |
| Land and buildings22 | - | €169,932 | €161,226 | €149,819 | €138,412 | ▼ 7.6% |
| Plant, machinery and equipment23 | - | - | - | - | €986 | - |
| Furniture and vehicles24 | - | €5,794 | €4,072 | €10,236 | €5,170 | ▼ 49.5% |
| Current assets29/58 | €57,072 | €53,528 | €41,380 | €27,375 | €39,347 | ▲ 43.7% |
| Stocks and contracts in progress3 | €2,068 | €3,370 | €849 | €1,105 | €4,726 | ▲ 328% |
| Stocks30/36 | - | €3,370 | €849 | €1,105 | €4,726 | ▲ 328% |
| Amounts receivable within one year40/41 | €15,000 | €14,140 | €5,785 | €23,695 | €29,401 | ▲ 24.1% |
| Trade receivables40 | - | €14,140 | €5,785 | €23,695 | €3,101 | ▼ 86.9% |
| Other amounts receivable41 | - | €0 | €0 | - | €26,300 | - |
| Current investments50/53 | €32,195 | €35,195 | €27,815 | - | - | - |
| Cash at bank and in hand54/58 | €7,808 | €823 | €6,932 | €2,496 | €4,632 | ▲ 85.6% |
| Deferred charges and accrued income490/1 | - | - | - | €79 | €588 | ▲ 648% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €185,809 | €229,253 | €206,678 | €187,430 | €183,915 | ▼ 1.9% |
| Equity10/15 | €48,057 | €57,925 | €28,298 | €30,822 | €34,440 | ▲ 11.7% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €31,545 | €41,410 | €33,910 | €33,910 | €33,910 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €39,550 | €32,050 | €32,050 | €32,050 | = |
| Profit (loss) carried forward14 | €4,112 | €4,115 | -€18,012 | -€15,488 | -€11,870 | ▲ 23.4% |
| Amounts payable17/49 | €137,753 | €171,328 | €178,380 | €156,609 | €149,475 | ▼ 4.6% |
| Amounts payable after more than one year17 | €85,909 | €122,309 | €111,717 | €100,618 | €89,518 | ▼ 11.0% |
| Financial debts170/4 | - | €122,309 | €111,717 | €100,618 | €89,518 | ▼ 11.0% |
| Amounts payable within one year42/48 | €51,844 | €44,213 | €66,247 | €55,991 | €59,958 | ▲ 7.1% |
| Current portion of amounts payable after more than one year42 | - | €11,100 | €11,100 | €11,100 | €11,100 | = |
| Trade debts44 | €21,433 | €5,231 | €11,990 | €8,914 | €30,887 | ▲ 247% |
| Suppliers440/4 | - | €5,231 | €11,990 | €8,914 | €30,887 | ▲ 247% |
| Taxes, remuneration and social security45 | - | €4,766 | €2,637 | €1,180 | €4,375 | ▲ 271% |
| Taxes450/3 | - | €4,766 | €2,337 | €1,180 | €4,375 | ▲ 271% |
| Remuneration and social security454/9 | - | €0 | €300 | - | - | - |
| Other amounts payable47/48 | - | €23,117 | €40,521 | €34,797 | €13,596 | ▼ 60.9% |
| Accrued charges and deferred income492/3 | - | €4,807 | €415 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,348 | €9,868 | -€22,127 | €2,523 | €3,618 | ▲ 43.4% |
| + Depreciation and write-downs630 | €6,609 | €9,588 | €13,706 | €16,569 | €16,485 | ▼ 0.5% |
| Operating cash flow (approximation) | -€3,738 | €19,456 | -€8,421 | €19,092 | €20,103 | ▲ 5.3% |
| Investment in fixed assets (approximation) | - | -€56,576 | -€3,278 | -€11,327 | -€998 | ▲ 91.2% |
| Change in cash | - | -€6,985 | €6,109 | -€4,436 | €2,136 | ▲ 148% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €2,523
Net result €2,523 after one loss-making year.
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
31-12
Financial
Weakest financial yearnet -€22,127
Net result drops to -€22,127, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €9,868
Net result €9,868 after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
31-12
Financial
Highest result since 2018net €14,977 ▲65.1%
Operating result €22,708, net result €14,977, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Etterbeek · 1 establishment unit since 2008
Ground area
529 m²
Building footprint
494 m²
Volume, LiDAR
2,319 m³
Parcel 21005A0541/00W004, Brussels · tallest building 19.0 m. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
Transversal
since 20082.167.987.711
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21005A0541/00W004 | Brussels | 529 m² | 1 · 494 m² | 18.9 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,906. 5,267 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-01-2008
Fiscal year end31-12
Trade name FR
"Transversal Pharma", "Transversal Consulting", "Transversal Print", "Service cours", "Transversal Com" et "Transversal Communication"
Activities, NACEBEL 2025
73300Public relations and communication consultancy
58190Other publishing activities, excluding software publishing
Contact
E-mail
christophe@transversal.bizEtterbeek
Phone
+32496877053Etterbeek
E-invoicing
Reachable via Peppol
Peppol ID
0208:0894939123
Also
9925:BE0894939123
Registered
09-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.