TRANSYS
InactiveTRANSYS was declared bankrupt on 14-09-2023 (Ondernemingsrechtbank Leuven); the bankruptcy was closed by liquidation by judgment of 27-03-2025, published in the Belgian State Gazette on 02-04-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 7 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline21-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 10-05-2023, 283 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
283 d late
2020
514 d late
2019
137 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Turnover
€369k
EBIT margin
6.9%
Net result
€23k
2020 · €-173k
2018: €20k
2019: €-4k
2020: €-173k
2018 → 2021
Working capital
€-39k▲ 30.9%
2020 · €-57k
2018: €44k
2019: €40k
2020: €-57k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€369k-
Equity€97k-€93k▼ 4.4%€20k▼ 78.6%€43k▲ 115%
Operating result€25k-€-4k€-173k▼ 4,353%€23k
Net result€20k-€-4k€-173k▼ 4,016%€23k
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 2021: €23k after a loss of €173k in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €133k
Fixed assets
€82k▲ 6.8%
Current assets
€51k▼ 16.9%
Equity and liabilities €133k
Equity
€43k▲ 115%
Debt
€90k▼ 23.6%
The debt ratio falls from 85.6% to 67.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€47k▲
2020 · €-159k
Cash flow
€47k▲
2020 · €-159k
Solvency
32.1%▲
2020 · 14.4%
Current ratio
0.56▲
2020 · 0.52
Quick ratio
0.56▲
2020 · 0.52
Debt / equity
2.11▼
2020 · 5.94
ROE
53.4%▲
2020 · -873.2%
ROA
17.1%▲
2020 · -125.9%
Interest coverage
176.25▲
2020 · -1232.09
Debt
€90k▼
2020 · €118k
Debt ≤ 1 year
€90k▼
2020 · €118k
Staff costs
€275k▲
2020 · €142k
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€138k€133k▼
Fixed assets21/28€77k€82k▲
Tangible fixed assets22/27€37k€33k▼
Furniture and vehicles24€37k€33k▼
Financial fixed assets28€40k€50k▲
Current assets29/58€61k€51k▼
Amounts receivable within one year40/41€27k€2k▼
Trade receivables40€27k€2k▼
Cash at bank and in hand54/58€34k€41k▲
Deferred charges and accrued income490/1-€8k
Equity and liabilities
Total equity and liabilities10/49€138k€133k▼
Equity10/15€20k€43k▲
Contributions10/11€18k€18k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14-€23k
Amounts payable17/49€118k€90k▼
Amounts payable within one year42/48€118k€90k▼
Trade debts44€245€9k▲
Suppliers440/4€245€9k▲
Taxes, remuneration and social security45€52k€64k▲
Taxes450/3€13k€23k▲
Remuneration and social security454/9€39k€41k▲
Other amounts payable47/48€65k€17k▼
Accrued charges and deferred income492/3€400€400=
Income statement
Code20202021
Remuneration, social security and pensions62€142k€275k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€24k▲
Other operating charges640/8€8k€6k▼
Gross operating margin9900€-10k€329k▲
Operating profit (loss)9901€-173k€23k▲
Financial charges65/66B€129€269▲
Recurring financial charges65€129€269▲
Profit (loss) for the period before taxes9903€-173k€23k▲
Profit (loss) for the period9904€-173k€23k▲
Profit (loss) for the period to be appropriated9905€-173k€23k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-101k€23k▲
Profit (loss) brought forward from the previous period14P€73k-
Shareholders' contribution to the loss794€101k-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
02-04
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Leuven · TRANSYS BV LEUVENSELAAN 172/25, 3300 TIENEN · event 27-03-2025
2023
20-09
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · TRANSYS BV LEUVENSE- LAAN 172/25, 3300 TIENEN · event 14-09-2023
10-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 283 days late
2022
27-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 514 days late
2021
31-12
Financial
Back to profitnet €23k
Net result €23k after 2 loss-making years.
2020
31-12
Financial
Weakest financial yearnet €-173k
Net result drops to €-173k, the lowest in the series.
15-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 137 days late
2019
21-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 113 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 92 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
02-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 2 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | STEVEN VERBEKE OLV Broedersstraat 3, 3300 TIENEN- |
14-09-2023 → present |