TRENSITION

Active

Public limited companyfounded 20196 yrs activeDok-Noord 3a, 9000 Gent, BelgiumKBO/BCE: BE 0736.564.253

Summary

The annual accounts of TRENSITION for fiscal year 2025 show a net loss of 405% of the equity at the start of that year. The 2025 annual accounts show equity of €5.33M and a net result of €-887k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 89% of 1416 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).

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Checked score

Score 2025

59 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability2▲+2

Solvency100▲+54

Growth52▲+20

Track record100

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €310k at 30 days only on tighter terms

Net loss of at least half of total assets or of the equity at the start of the financial year.

Liquidity ample (current ratio 11.03 against 3.92 in 2024; short-term debt: 8.5% and cash: 86.4% of total assets), and 19% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 62

Relative position

BE, all sectors

reference

Sector 62

lower

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

81%

Return on assets

-13.5%

Age of the figures

9 mo

Growing equity

Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.

NBB · annual accounts 2025

Equity per financial year

202122232425

2020 to 2025 · latest year €5.33M

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.

NBB · 6 filings

Deviation from the deadline

2025

15 d early

2024

28 d early

2023

25 d early

2022

30 d late

2021

31 d late

2020

31 d late

← before the deadline after the deadline →

Checked, nothing found (2)

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.

Companies Code · seven months

Position in the running window

24-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-887k▲ 12.2%

2024 · €-1.01M

2020: €245k 2021: €82k 2022: €-342k 2023: €-579k 2024: €-1.01M

2020 → 2025

Working capital

€5.64M▲ 651%

2024 · €752k

2020: €245k 2021: €322k 2022: €1.91M 2023: €1.38M 2024: €752k

2020 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€330k-€1.81M▲ 448%€1.23M▼ 32.0%€219k▼ 82.2%€5.33M▲ 2,336%

Operating result€83k-€-342k€-586k▼ 71.2%€-1.02M▼ 74.5%€-885k▲ 13.4%

Net result€82k-€-342k€-579k▼ 69.1%€-1.01M▼ 74.6%€-887k▲ 12.2%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €885k in 2025 against €1.02M in 2024; the loss shrinks.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €6.58M

94.3%

Fixed assets €377k ▲ 999%

Current assets €6.20M ▲ 515%

Equity and liabilities €6.58M

81.0%

19.0%

Equity €5.33M ▲ 2,336%

Debt €1.25M ▲ 51.5%

Debt's share of the balance-sheet total falls from 79.0% to 19.0%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€-834k▲

2024 · €-1.01M

Cash flow

€-835k▲

2024 · €-995k

Current ratio

11.03▲

2024 · 3.92

Debt to equity

0.23▼

2024 · 3.76

ROE

-16.6%▲

2024 · -461.4%

ROA

-13.5%▲

2024 · -96.9%

Interest coverage

-294.56▲

2024 · -3255.45

Debt ≤ 1 year

€563k▲

2024 · €257k

Income taxes

€0▼

2024 · €3k

Staff costs

€770k▲

2024 · €767k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines

Balance sheet Code20242025

Assets

Total assets20/58€1.04M€6.58M▲

Fixed assets21/28€34k€377k▲

Intangible fixed assets21-€310k

Tangible fixed assets22/27€34k€67k▲

Furniture and vehicles24€34k€22k▼

Other tangible fixed assets26-€44k

Current assets29/58€1.01M€6.20M▲

Amounts receivable within one year40/41€212k€426k▲

Trade receivables40€188k€343k▲

Other amounts receivable41€24k€83k▲

Cash at bank and in hand54/58€794k€5.69M▲

Deferred charges and accrued income490/1€2k€90k▲

Equity and liabilities

Total equity and liabilities10/49€1.04M€6.58M▲

Equity10/15€219k€5.33M▲

Contributions10/11€1.88M€7.88M▲

Capital10€85k€125k▲

Issued capital100€85k€125k▲

Outside capital11€1.80M€7.76M▲

Share premium1100/10€1.80M€7.76M▲

Profit (loss) carried forward14€-1.66M€-2.55M▼

Amounts payable17/49€824k€1.25M▲

Amounts payable within one year42/48€257k€563k▲

Trade debts44€151k€420k▲

Suppliers440/4€151k€420k▲

Taxes, remuneration and social security45€105k€142k▲

Taxes450/3€17k€25k▲

Remuneration and social security454/9€88k€117k▲

Other amounts payable47/48€1k€1k=

Accrued charges and deferred income492/3€567k€686k▲

Income statement Code20242025

Remuneration, social security and pensions62€767k€770k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€52k▲

Other operating charges640/8€1k€5k▲

Gross operating margin9900€-239k€-58k▲

Operating profit (loss)9901€-1.02M€-885k▲

Financial income75/76B€16k€2k▼

Recurring financial income75€16k€2k▼

Financial charges65/66B€309€3k▲

Recurring financial charges65€309€3k▲

Profit (loss) for the period before taxes9903€-1.01M€-887k▲

Income taxes67/77€3k€0▼

Profit (loss) for the period9904€-1.01M€-887k▲

Profit (loss) for the period to be appropriated9905€-1.01M€-887k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-1.66M€-2.55M▼

Profit (loss) brought forward from the previous period14P€-652k€-1.66M▼

Social balance

Average headcount (FTE)9087-10.2

The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 11Financial 5Filings 6

Next filing, fiscal year 2026, expected by 31-07-2027

2026

16-07

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

31-12

Financial Liquidity triplescurrent ratio 11.03

Current ratio from 3.92 to 11.03.

31-12

Financial Equity above €5MEq €5.33M ▲2336%

Equity rises from €219k to €5.33M.

03-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Weakest financial yearnet €-1.01M

Net result drops to €-1.01M, the lowest in the series; recovery starts the following year.

06-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

30-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 30 days late

2022

31-12

Financial Liquidity times 5current ratio 22.42

Current ratio from 4.34 to 22.42; short-term debt falls from €97k to €89k.

31-12

Financial Equity above €1MEq €1.81M ▲448%

Equity rises from €330k to €1.81M.

31-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 31 days late

2021

31-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 31 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

10 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, Gent · 1 establishment unit since 2019

establishment The establishment unit on the map

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.

Dok-Noord 3a9000 Gent

Ground area

2.2 ha

Building footprint

1.6 ha

Volume, LiDAR

68,159 m³

Parcel 44021A2735/00X002, Flanders · tallest building 23.8 m. Linked by address, not a title deed.

1 establishment unit

Trensition

Dok-Noord 3A, 9000 GentComputer programming, consultancy and related activities

since 20192.295.517.866

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44021A2735/00X002	Flanders	2.2 ha	1 · 1.6 ha	23.8 m

Linked by address, not proof of ownership

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.

Public money · subsidies and aid

Flemish government

2024 to 2025 · 5 entries · 909,611 EUR awarded · 486,692 EUR paid

Year	Entries	awarded	paid
2025	3	5,625 EUR	241,000 EUR
2024	2	903,986 EUR	245,692 EUR

Schemes

Onderzoeksproject

3 entries · 903,986 EUR · 482,000 EUR paid · Fonds voor Innoveren en Ondernemen

Subsidies voor internationaal ondernemen

1 entry · 5,625 EUR · Vlaams Agentschap voor Internationaal Ondernemen

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · 4,692 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Cultuurconnect

BE 0629.858.909

Gent · Eq €5.29M

ACAPELA GROUP BABEL Technologies

Machelen (Brab.) · Eq €5.21M

KNX ASSOCIATION

BE 0441.460.064

Machelen (Brab.) · Eq €5.14M

NCR BELGIUM and Co

BE 0400.433.618

Zaventem · Eq €5.13M

Of 3,211 companies in sector 62900 we hold annual accounts for 1,741. 251 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded18-10-2019

Fiscal year end31-12

Activities, NACEBEL 2025

62900Other information technology and computer services

62100Computer programming

Sources

Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.