Checked.be
Active
BE 0456.301.856Private limited company
TRANSVU
Eekhoutstraat 32 ·8755 Wingene, Belgium· 30 yrs active
Sector: Freight transport by road
(49410)
Conclusion
TRANSVU has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €881k and a net result of €29k. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 54% of 4219 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €881k |
| Net result | €29k |
| Staff (FTE) | 4.7 |
| Better than sector | 54% |
Financial profile
74
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
87
Profitability
17
Solvency
88
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1995, 30 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
87
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€75k
estimate, not credit advice
Score history
79
2022
79
2023
79
2024
87
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 4.04 (≥ 1.5)
+10
Quick ratio
Quick ratio 4.04 (≥ 1.0)
+5
Leverage
Debt/equity 1.29 (< 2.0)
+3
Profitability
ROE 3%
+3
Interest coverage
Interest coverage 7.6× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 02-04-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable
Equity: stable across 4 fiscal years (±0.7%/year).
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 49, Land transport and transport via pipelines · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 43.6% | 39.2% | |
| Net result | €29k | €6k | |
| Equity | €881k | €38k | |
| Gross operating margin | €422k | €41k | |
| Staff costs | €261k | €50k |
€149k
+11.0%
22-25
€29k
+4093.7%
22-25
€111k
-0.3%
22-25
€2.02M
-5.9%
22-25
€881k
+3.4%
22-25
€535k
-2.7%
22-25
5
0.0%
22-25
€261k
+9.3%
22-25
€18k
+1440.7%
22-25
€1.14M
-12.0%
22-25
€176k
-14.1%
22-25
€952k
-11.8%
22-25
4.04
+9.7%
22-25
4.04
+17.4%
22-25
43.6%
+9.9%
22-25
1.29
-14.9%
22-25
3.3%
+3954.4%
22-25
1.4%
+4355.1%
22-25
7.59
+21.0%
22-25
Figures by fiscal year and ratios
Change versus the prior fiscal year, coloured by direction (green = favourable).
| Fiscal year | 2025 Δ | 2024 Δ | 2023 Δ | 2022 Δ |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | +11.0% | -19.2% | -10.2% | - |
| Net profit | +4093.7% | -48.3% | -83.6% | - |
| Cash flow | -0.3% | -21.8% | -9.4% | - |
| Staff costs | +9.3% | -6.9% | +28.3% | - |
| Income taxes | +1440.7% | - | - | - |
| Dividends | - | - | - | - |
| Total assets | -5.9% | -5.2% | -4.7% | - |
| Equity | +3.4% | +0.1% | +0.2% | - |
| Debt | -12.0% | -8.4% | -7.5% | - |
| of which ≤ 1y | -14.1% | +5.2% | +5.1% | - |
| of which > 1y | -11.8% | -10.5% | -9.4% | - |
| Working capital | -2.7% | -2.2% | +3.5% | - |
| Employees (FTE) | 0.0% | 0.0% | +23.7% | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 4.04 | 3.69 | 3.89 | 3.94 |
| Quick ratio | 4.04 | 3.44 | 3.20 | 3.49 |
| Working capital ratio | 26.5% | 25.7% | 24.9% | 22.9% |
| Solvency | 43.6% | 39.7% | 37.6% | 35.8% |
| Debt / equity | 1.29 | 1.52 | 1.66 | 1.80 |
| Long-term debt ratio | 1.08 | 1.27 | 1.42 | 1.57 |
| Interest coverage | 7.59 | 6.27 | 7.12 | 7.33 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 1.4% | 0.0% | 0.1% | 0.3% |
| ROE | 3.3% | 0.1% | 0.2% | 1.0% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €2.02M | €2.14M | €2.26M | €2.38M |
| Fixed assets | 21/28 | €1.31M | €1.39M | €1.51M | €1.65M |
| Tangible fixed assets | 22/27 | €1.31M | €1.39M | €1.50M | €1.64M |
| Financial fixed assets | 28 | - | - | €6k | €6k |
| Current assets | 29/58 | €711k | €755k | €757k | €728k |
| Stocks & contracts in progress | 3 | - | €50k | €135k | €83k |
| Amounts receivable within one year | 40/41 | €705k | €700k | €599k | €641k |
| Cash & bank | 54/58 | €3k | €5k | €23k | €5k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.02M | €2.14M | €2.26M | €2.38M |
| Equity | 10/15 | €881k | €851k | €851k | €849k |
| Contributions / capital | 10/11 | €180k | €180k | €180k | €180k |
| Reserves | 13 | €224k | €195k | €195k | €195k |
| Accumulated profits (losses) | 14 | €476k | €476k | €476k | €474k |
| Amounts payable | 17/49 | €1.14M | €1.29M | €1.41M | €1.53M |
| Amounts payable after one year | 17 | €952k | €1.08M | €1.21M | €1.33M |
| Amounts payable within one year | 42/48 | €176k | €205k | €194k | €185k |
| Trade debts payable within one year | 44 | €21k | €16k | €11k | €12k |
| Income statement | |||||
| Gross operating margin | 9900 | €422k | €385k | €434k | €395k |
| Operating result | 9901 | €67k | €23k | €25k | €36k |
| Financial charges | 65 | €20k | €21k | €23k | €25k |
| Result before taxes | 9903 | €47k | €2k | €1k | €10k |
| Income taxes | 67/77 | €18k | €1k | - | €2k |
| Net result for the period | 9904 | €29k | €698 | €1k | €8k |
| Result to be appropriated | 9905 | €29k | €698 | €1k | €8k |
Legal Structure
| NACE primary | Freight transport by road(49410) |
| Legal form | Private limited company(610) |
| Incorporation | 16-10-1995 |
| Status | Active |
| Postal code | 8755 |
Establishment units
TRANSVU BVBA
since 19952.074.244.634
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37012D0697/00A000 | Flanders | 4,291 m² | 1 · 1,592 m² | - |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
02-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2022net €29k ▲4094%
Operating result €67k, net result €29k, both a record.
23-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €698 ▼48.3%
Net result drops to €698, the lowest in the series; recovery starts the following year.
26-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
Joinery installation43320Freight transport by road49410
Names & trade names
| Legal nameNL | TRANSVU |
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