Equity
€1.4m ▲ 4.4%
TSL paid out €120,000 in dividends. That is 67% of the 2025 profit.
TSL
Overview
Lifetime
9 annual accounts with figures on one time axispeak €4.0m (2024)
€4.0m▼ 1.4%
peak €527,221 (2023)
€179,076▼ 30.5%
peak €1.4m (2025)
€1.4m▲ 4.4%
€3.6m▼ 16.2%
peak 36.3 FTE (2024)
35.3 FTE▼ 2.8%
Board3 names since 2016
3 directorsWESTRANS LOGISTICS and 2 others
Owners
99.91%WESTRANS LOGISTICS
Documentsfilings and deeds
05-06-202656 days before the deadline
2025financial year
Result from €257,684 to €179,076Dividend €120,000Debts from €4.3m to €3.6mCash from €511,554 to €331,572
Key points
from the 2025 annual accountsResult
€179,076 ▼ 30.5%
The result fell in 2025 from €257,684 to €179,076.
Turnover
≈ €7.5m estimated
The accounts state no turnover.
Debts
€3.6m 72% of the balance sheet
Financial debts 62%Suppliers 5%Taxes and wages 6%Other 26%
Of this, €1.6m falls due within a year.
Investments
€212,379 0.2 × depreciation
Green is investment, beige is depreciation.
Filings
9 annual accounts since 2017
The last five annual accounts were filed 31 to 56 days before the end of the period.
Checked score
69
Healthy
Financially stronger than 46% of small companies in land transport (NACE 49)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 1,181 companies (NACE 49, small).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.7%● unchanged vs 12-2024
02-2025: 0.7%● unchanged vs 01-2025
03-2025: 0.7%● unchanged vs 02-2025
04-2025: 0.8%▲ +0.1 percentage points vs 03-2025
05-2025: 0.8%● unchanged vs 04-2025
06-2025: 1.0%▲ +0.2 percentage points vs 05-2025highest value
07-2025: 0.5%▼ -0.5 percentage points vs 06-2025
08-2025: 0.5%● unchanged vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.4%▼ -0.1 percentage points vs 11-2025lowest value
01-2026: 0.4%● unchanged vs 12-2025lowest value
02-2026: 0.4%● unchanged vs 01-2026lowest value
03-2026: 0.4%● unchanged vs 02-2026lowest value
04-2026: 0.5%▲ +0.1 percentage points vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.7%▲ +0.2 percentage points vs 06-2026
08-2026: 0.7%● unchanged vs 07-2026
09-2026: 0.7%● unchanged vs 08-2026
10-2026: 0.7%● unchanged vs 09-2026
11-2026: 0.7%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.81, cash €331,572
Sector: Land transport and transport via pipelines (NACE 49)
Size: 35.3 FTE, total assets €5.0m
lowers risk
Figures for financial year 2025 (filed on 05-06-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, small). It does better than 36% of them on solvency, 48% on liquidity, 53% on profitability and 47% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 4,107 companies had the same profile as TSL has now. Each dot stands for 11 companies, two years later.
97.9%
were still trading
0.9%
stopped another way
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TSL itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,107 companies, not a prediction for TSL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €95,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.81 (0.77 in 2024), below 1. Short-term debt is 31.6% and cash 6.7% of total assets. 72.1% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 05-06-2026, 56 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
56 days early
2024
55 days early
2023
54 days early
2022
31 days early
2021
51 days early
2020
29 days early
2019
49 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 46 days before the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 8 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- WESTRANS LOGISTICS 99.91%score 96equity €1.4m (2025) · 2025 annual accounts of WESTRANS LOGISTICS
Recent changes
2 managers resigning, 2 directors reappointed
Resignations: Westrans Logistics SPRL (manager) and DECLERCQ Daniel Gustaaf (manager) · Reappointments: Westrans Logistics SPRL (director) and DECLERCQ Daniel Gustaaf (director) · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0657857166
Registered office moved within Saintes
New registered office: Rue Illya prigogine 2 à 1480 Saintes · Previous registered office: Avenue Léon Champagne 2, 1480 Saintes · General meeting of 01-07-2022 · Gazette deed
Appointment: Declercq Daniël (manager)
General meeting of 01-09-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TSL Tubize | €5.0m | €4.0m | 27.9% | 35.3 |
| Quatra Transport Lokeren | €4.4m | €4.1m | -0.2% | 39.5 |
| RIKSTRANS Temse | €4.6m | €2.9m | 47.4% | 31.3 |
| DEVEUX CONTAINER Herstal | €6.5m | €2.8m | 86.8% | 30.5 |
| SMEERS TRANSPORT & LOGISTICS Bilzen-Hoeselt | €5.3m | €2.7m | 14.0% | 30.4 |
| DEJONGHE Ypres | €5.2m | €4.0m | 33.0% | 32.7 |
| LC MOBILITE ET SERVICES Anhée | €3.7m | €2.3m | 16.7% | 36.8 |
These companies have the same main activity as TSL: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €3.7m and €6.5m, founded between 2010 and 2016.
Official details
Source: KBO- Status
- Active since 30-06-2016Normal situation
- Activity
- Freight transport by roadNACE 49410and 2 others
- Establishment unit
- 2.254.985.2291480 Tubize, since 30-06-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 31-10-2023
Annual accounts 2025
- €4.0m▼ 1.4%
- €179,076▼ 30.5%
- €1.4m▲ 4.4%
- €5.0m▼ 11.3%
- Employeeson 31-12-2025
- 36=
- Filing
- Filed on 05-06-2026, 56 days before the end of the filing period
Insights on TSL
TSL has existed since 2016. The gross margin grew from €2.6m in 2017 to €4.0m in 2025 and staff from 21.9 to 35.3 full-time equivalents.
WESTRANS LOGISTICS holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
full format, filed on 05-06-2026, 56 days before the deadline€4.0m
▼ 1.4%
€362,867
▼ 21.9%
€179,076
▼ 30.5%
-€292,796
▲ €81,226
27.9%
▲ 4.2 percentage points
0.81
▲ 0.05
The turnover shown is an estimate from the gross margin.
Turnover ≈ €7.5m. Estimated: probably between €6.5m and €8.7m.
Balance sheet
balance sheet total €5.0m on 31-12-2025What the company ownsHow it is paid for
in €m
in €m
Position in the sector
27.9%
Higher than 37% of 1,085 companies in 2025.
0.81
Higher than 20% of 1,077 companies in 2025.
3.6%
Higher than 54% of 1,084 companies in 2025.
TSL
Middle half of the sector
80% of the sector
Full accounts in land transport (NACE 49)
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter · Staff: middle half
Staff
€62,605
Staff costs divided by the average number of full-time equivalents.
level
people who joined
people who left
In 2025, 3 people joined and 3 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
20/58 |
5.0m | 5.6m | 6.0m | 5.4m | 2.6m | 1.6m | 1.3m | 970,031 | 886,947 | |
21/28 |
3.7m | 4.4m | 4.7m | 3.7m | 842,194 | 570,874 | 375,672 | 122,637 | 70,006 | |
22/27 |
3.7m | 4.4m | 4.7m | 3.7m | 840,849 | 569,529 | 374,327 | 120,792 | 68,161 | |
23 |
34,321 | 38,801 | 39,465 | 41,338 | - | - | - | - | - | |
24 |
220,566 | 187,756 | 129,901 | 30,190 | 13,130 | 18,063 | 17,529 | 15,738 | 68,161 | |
25 |
3.0m | 3.8m | 4.2m | 3.4m | 812,543 | - | - | - | - | |
27 |
403,543 | 327,231 | 285,653 | 251,387 | 15,176 | 17,570 | 9,856 | 3,442 | - | |
28 |
95 | 95 | 95 | 95 | 1,345 | 1,345 | 1,345 | 1,845 | 1,845 | |
29/58 |
1.3m | 1.2m | 1.3m | 1.7m | 1.7m | 1.0m | 922,698 | 847,394 | 816,941 | |
40/41 |
943,942 | 717,215 | 960,482 | 1.0m | 1.1m | 648,959 | 510,015 | 599,531 | 700,442 | |
40 |
883,457 | 708,972 | 919,310 | 962,631 | 688,355 | 418,862 | 300,683 | 385,266 | 526,408 | |
41 |
60,485 | 8,243 | 41,171 | 39,900 | 444,948 | 230,097 | 209,332 | 214,265 | 174,034 | |
54/58 |
331,572 | 511,554 | 345,585 | 657,252 | 577,551 | 371,983 | 412,683 | 247,862 | 116,499 | |
| Balance sheet: equity and liabilities | ||||||||||
10/49 |
5.0m | 5.6m | 6.0m | 5.4m | 2.6m | 1.6m | 1.3m | 970,031 | 886,947 | |
10/15 |
1.4m | 1.3m | 1.2m | 783,691 | 631,174 | 404,881 | 402,793 | 405,275 | 451,648 | |
10/11 |
365,000 | 365,000 | 365,000 | 365,000 | 365,000 | 365,000 | 365,000 | 365,000 | - | |
10 |
- | - | - | - | - | - | - | - | 365,000 | |
100 |
- | - | - | - | - | - | 365,000 | 365,000 | 365,000 | |
13 |
1.0m | 963,597 | 825,913 | 418,691 | 266,174 | 39,881 | 37,793 | 40,275 | 86,648 | |
130/1 |
- | - | 36,500 | 36,500 | 36,500 | 36,500 | - | - | - | |
130 |
- | - | - | - | - | - | 36,500 | 36,500 | 36,500 | |
1311 |
- | - | 36,500 | 36,500 | 36,500 | 36,500 | - | - | - | |
132 |
- | - | - | - | - | - | - | 3,433 | 9,439 | |
133 |
1.0m | 963,597 | 789,413 | 382,191 | 229,674 | 3,381 | 1,293 | 343 | 40,709 | |
16 |
- | - | - | - | - | - | - | 1,767 | 4,713 | |
168 |
- | - | - | - | - | - | - | 1,767 | 4,713 | |
17/49 |
3.6m | 4.3m | 4.8m | 4.6m | 1.9m | 1.2m | 895,577 | 562,988 | 430,586 | |
17 |
2.0m | 2.7m | 3.1m | 2.6m | 526,204 | 384,045 | 297,232 | 81,210 | 27,873 | |
170/4 |
2.0m | 2.7m | 3.1m | 2.6m | 526,204 | 384,045 | 297,232 | 81,210 | 27,873 | |
42/48 |
1.6m | 1.6m | 1.7m | 2.0m | 1.4m | 802,889 | 598,344 | 481,778 | 402,713 | |
42 |
715,323 | 775,508 | 703,637 | 508,872 | 220,619 | 140,767 | 88,948 | 52,665 | 35,830 | |
43 |
212,657 | 16,937 | - | - | 70,000 | 40,098 | 20,113 | 20,067 | - | |
430/8 |
212,657 | 16,937 | - | - | 70,000 | 40,098 | 20,113 | 20,067 | - | |
44 |
194,362 | 234,433 | 303,901 | 341,435 | 188,322 | 101,841 | 109,625 | 144,893 | 209,736 | |
440/4 |
194,362 | 234,433 | 303,901 | 341,435 | 188,322 | 101,841 | 109,625 | 144,893 | 209,736 | |
45 |
228,196 | 156,494 | 207,578 | 203,073 | 73,920 | 47,331 | 33,276 | 9,819 | 126,627 | |
450/3 |
14,137 | 12,765 | 29,185 | 37,776 | 10,818 | 10,981 | 17,432 | 9,800 | 75,018 | |
454/9 |
214,059 | 143,729 | 178,393 | 165,297 | 63,102 | 36,351 | 15,844 | 19 | 51,609 | |
47/48 |
217,771 | 419,420 | 476,444 | 929,378 | 842,810 | 472,852 | 346,382 | 254,333 | 30,520 | |
| Income statement | ||||||||||
9900 |
4.0m | 4.0m | 3.8m | 2.9m | 2.3m | 1.8m | 1.9m | 1.9m | 2.6m | |
62 |
2.2m | 2.2m | 2.0m | 1.7m | 1.4m | 1.2m | 1.3m | 1.2m | 1.9m | |
630 |
875,369 | 828,480 | 629,374 | 368,321 | 185,515 | 118,728 | 101,389 | 82,910 | 112,686 | |
640/8 |
507,390 | 511,876 | 495,022 | 375,227 | 302,872 | 252,791 | 281,226 | 245,933 | 390,355 | |
66A |
- | - | - | - | - | - | - | 10,423 | 756 | |
9901 |
362,867 | 464,852 | 649,607 | 392,637 | 451,178 | 313,138 | 284,683 | 295,578 | 174,457 | |
75/76B |
36 | 220 | 341 | 276 | 43 | - | - | 334 | 2 | |
75 |
36 | 220 | 341 | 276 | 43 | - | - | 334 | 2 | |
65/66B |
104,615 | 113,721 | 121,230 | 119,617 | 14,585 | 11,006 | 8,932 | 16,633 | 4,161 | |
65 |
104,615 | 113,721 | 121,230 | 119,617 | 14,585 | 11,006 | 8,932 | 6,210 | 4,161 | |
66B |
- | - | - | - | - | - | - | 10,423 | - | |
9903 |
258,287 | 351,350 | 528,718 | 273,297 | 436,636 | 302,132 | 275,750 | 279,279 | 170,298 | |
780 |
- | - | - | - | - | - | - | - | 2,356 | |
67/77 |
79,211 | 93,666 | 1,497 | 779 | 90,344 | 60,044 | 70,000 | 88,598 | 73,300 | |
9904 |
179,076 | 257,684 | 527,221 | 272,518 | 346,293 | 242,088 | 207,518 | 193,627 | 99,354 | |
789 |
- | - | - | - | - | - | 3,433 | 6,007 | 4,291 | |
9905 |
179,076 | 257,684 | 527,221 | 272,518 | 346,293 | 242,088 | 210,950 | 199,634 | 103,645 | |
| Appropriation of the result | ||||||||||
9906 |
179,076 | 257,684 | 527,221 | 272,518 | 346,293 | 242,088 | 210,950 | 199,634 | 77,209 | |
14P |
- | - | - | - | - | - | - | - | -26,436 | |
791/2 |
- | - | - | - | - | - | - | 40,366 | - | |
691/2 |
59,076 | 137,684 | 407,221 | 152,518 | 226,293 | 2,088 | 950 | - | 77,209 | |
6920 |
- | - | - | - | - | - | - | - | 36,500 | |
6921 |
59,076 | 137,684 | 407,221 | 152,518 | 226,293 | 2,088 | 950 | - | 40,709 | |
694/7 |
120,000 | 120,000 | 120,000 | 120,000 | 120,000 | 240,000 | 210,000 | 240,000 | - | |
694 |
120,000 | 120,000 | 120,000 | 120,000 | 120,000 | 240,000 | 210,000 | 240,000 | - | |
| Social balance sheet | ||||||||||
9087 |
35.3 | 36.3 | 34.6 | 33.1 | 27.7 | 24.8 | 25.4 | 24.3 | 21.9 | |
Hours worked1013 |
71,019 | 73,667 | 62,154 | 58,778 | 48,727 | 42,507 | 48,567 | 49,038 | - | |
| Document | ||||||||||
The notes to these accounts have 14 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 05-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 05-06-2026 | 2026-00139621 | |
| 31-12-2024 | full format | 06-06-2025 | 2025-00123444 | |
| 31-12-2023 | full format | 07-06-2024 | 2024-00114146 | |
| 31-12-2022 | full format | 30-06-2023 | 2023-00179838 | |
| 31-12-2021 | full format | 10-06-2022 | 2022-20060245 | |
| 31-12-2020 | full format | 02-07-2021 | 2021-29900163 | |
| 31-12-2019 | full format | 12-06-2020 | 2020-16500387 | |
| 31-12-2018 | full format | 27-06-2019 | 2019-24700564 | |
| 31-12-2017 | full format | 29-06-2018 | 2018-25500409 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.2m | 1.3m | 1.3m | 760,958 | 636,693 | 431,866 | 386,072 | 378,488 | 287,143 | ||
| 1.1m | 1.1m | 1.2m | 640,838 | 531,808 | 360,816 | 308,907 | 276,538 | 212,040 | ||
| 212,379 | 531,534 | 1.6m | 3.3m | 456,835 | 313,930 | 382,148 | 135,542 | 363,149 | ||
| -179,982 | 165,969 | -311,667 | 79,701 | 205,568 | -40,700 | 164,821 | 131,363 | - | ||
| -292,796 | -374,022 | -385,493 | -322,975 | 315,184 | 218,053 | 324,353 | 365,616 | 414,228 | ||
| 27.9% | 23.7% | 19.9% | 14.5% | 24.7% | 25.4% | 31.0% | 41.8% | 50.9% | ||
| 0.81 | 0.77 | 0.77 | 0.84 | 1.23 | 1.27 | 1.54 | 1.76 | 2.03 | ||
| 2.58 | 3.21 | 4.02 | 5.90 | 3.04 | 2.93 | 2.22 | 1.39 | 0.95 | ||
| 12.9% | 19.4% | 44.3% | 34.8% | 54.9% | 59.8% | 51.5% | 47.8% | 22.0% | ||
| 3.6% | 4.6% | 8.8% | 5.0% | 13.6% | 15.2% | 16.0% | 20.0% | 11.2% | ||
| 11.84 | 11.37 | 10.55 | 6.36 | 43.65 | - | - | - | 69.01 |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 36 | 36 | 37 | 37 | 31 |
| full-time | 36 | 35 | 37 | 37 | 31 |
| part-time | - | 1 | - | - | - |
| in full-time equivalents | 36 | 35.8 | 37 | 37 | 31 |
| 35.3 | 36.3 | 34.6 | 33.1 | 27.7 | |
| On a permanent contract | 34 | 34 | 35 | 35 | 28 |
| Joined | 3 | 3 | 7 | 12 | 7 |
| Left | 3 | 4 | 7 | 6 | 1 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €50,000 | €50,000 | €50,000 | - | - |
| €1.9m | €1.9m | €1.9m | - | - | |
| Carrying value of the mortgaged assets | €1.6m | €1.7m | €1.8m | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €212,379 | €531,534 | €1.6m | €3.3m | €456,835 |
| €875,369 | €828,480 | €629,374 | €368,321 | €185,515 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on TSL
The operating result for 2025 is 22% lower than in 2024 and the lowest since 2020. It is the second fall in a row.
Debt's share of the balance-sheet total falls from 76.3% to 72.1%. Equity is higher and debt is lower.
Board & ownership
Board
3 directors, last change in 2024Director (not named in the articles), permanent representative DECLERCQ Wesley
since 20-06-2016
term without a fixed end
earlier manager, until 29-03-2024
also on the board of 2 other companies
listed in the 2025 annual accounts, filed on 05-06-2026
Director (not named in the articles)
since 01-09-2019
term without a fixed end
earlier manager, until 29-03-2024
listed in the 2025 annual accounts, filed on 05-06-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 29-03-2024
Permanent representatives 1
DECLERCQ Wesley
Permanent representative, for WESTRANS LOGISTICS
in office according to the deed of 29-03-2024
Mandates through the years
3 names, the dashed line is todayWESTRANS LOGISTICS
Director (not named in the articles)
Director (not named in the articles)
DECLERCQ Daniel Gustaaf
Director (not named in the articles)
Director (not named in the articles)
Declercq Daniël
Manager
Manager
BoardEarliermandate already running before its first mention
Mandates as a list
- WESTRANS LOGISTICS
- Director (not named in the articles), from 20-06-2016 to date
- Manager, until 29-03-2024
- DECLERCQ Daniel Gustaaf
- Director (not named in the articles), from 01-09-2019 to date
- Manager, until 29-03-2024
- Declercq Daniël
- Manager, from 01-09-2019 to date
Control
Parent
Equity €1.4m
Profit €216,901 in 2025 (profit €184,204 in 2024)
Checked score 96
Source: accounts WESTRANS LOGISTICS 2025
99.91%
This company
TSL
Equity €1.4m
Profit €179,076 in 2025
Capital
- Contribution
- €365,000
- Source
- 2025 annual accounts
Owners through the years
as the annual accounts name themOwners as a list
- WESTRANS LOGISTICS
Source: lists of holdings in the owners' accounts
Articles of association
deed of 29-03-2024 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- “Assemblée générale Tenue et convocation Il est tenu chaque année, au siège, une assemblée générale ordinaire le premier juin, à 18.00…”
Network & group
Group
WESTRANS LOGISTICS has 2 direct subsidiaries (2025 accounts)Belgium 2 Equity Result
- BE TSL99.91% €1.4m result €179,076
- BE TRANSPOTATOES99.91% €371,509 result €44,525
Source: list of holdings in the 2025 accounts of WESTRANS LOGISTICS. Every holding stands with its own latest accounts.
At the same address
Rue Ilya Prigogine 2, 1480 Tubize · 2 other companies| MM LOGISTIC
registered office since 06-04-1994 · founded in 1994 |
total assets €1.3m (2024) 0452.477.482 |
| MISTER MOVE TRANSPORT
registered office since 03-02-2025 |
founded in 2025 1019.540.868 |
Connections & network
2 connected companiesThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
TRANSPOTATOES
via WESTRANS LOGISTICS · Managing director · deed of 14-10-2025
Founded in 1992 · total assets €1.1m (2025)
→
PAJOFARM
via WESTRANS LOGISTICS · Director (not named in the articles) · deed of 01-03-2024
Founded in 2009 · total assets €161,497 (2025)
→
Timeline
Timeline
18 events since 2016Board
Filings
Financial
Establishments
Address
201620182020202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed PDFfull format · 56 days before the deadline
2025
Annual accounts 2024 filed PDFfull format · 55 days before the deadline
2024
Annual accounts 2023 filed PDFfull format · 54 days before the deadline
2 managers resigning, 2 directors reappointedResignations: Westrans Logistics SPRL (manager) and DECLERCQ Daniel Gustaaf (manager) · Reappointments: Westrans Logistics SPRL (director) and DECLERCQ Daniel Gustaaf (director)7 points ▸
- 1,118 shares
- Power of attorney, Johan DE RIDDER
- Director resignation, Westrans Logistics SPRL (manager)
- Director resignation, DECLERCQ Daniel Gustaaf (manager)
- Director reappointment, Westrans Logistics SPRL (director (not named in the articles))
- Director reappointment, DECLERCQ Daniel Gustaaf (director (not named in the articles))
- Registered office clause, Rue Ilya Prigogine 2, 1480 Tubize (Saintes)
- The deed holds 6 more points.
2023
Highest result from 2017 to 2025 net €527,221 ▲93.5% The operating result of €649,607 and the net result of €527,221 are both a record.
Equity above €1m equity €1.2m ▲52% Equity rises from €783,691 to €1.2m.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0657857166
Annual accounts 2022 filed PDFfull format · 31 days before the deadline
2022
Registered office moved within SaintesNew registered office: Rue Illya prigogine 2 à 1480 Saintes · Previous registered office: Avenue Léon Champagne 2, 1480 Saintes · General meeting of 01-07-20222 points ▸
- General meeting, 01-07-2022
- Registered-office move, Rue Illya prigogine 2 à 1480 Saintes
Annual accounts 2021 filed PDFfull format · 51 days before the deadline
2021
Equity above €500,000 equity €631,174 ▲55.9% Equity rises from €404,881 to €631,174.
Annual accounts 2020 filed PDFfull format · 29 days before the deadline
2020
Annual accounts 2019 filed PDFfull format · 49 days before the deadline
2019
- General meeting, 01-09-2019
- Director appointment, Declercq Daniël (manager)
Annual accounts 2018 filed PDFfull format · 34 days before the deadline
2018
Annual accounts 2017 filed PDFfull format · 32 days before the deadline
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0657.857.166
- VAT number
- BE 0657.857.166
- Peppol ID
- 0208:0657857166
- Other Peppol ID
- 9925:BE0657857166
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 30-06-2016
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- “Assemblée générale Tenue et convocation Il est tenu chaque année, au siège, une assemblée générale ordinaire le premier juin, à 18.00…”deed of 29-03-2024 (in French)
- Peppol
- Reachable since 31-10-2023Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- TSL in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 29-03-2024 (in French)
Activities
NACEBEL 2025VAT activities
49410
Freight transport by road main activity
52250
Logistics services
Social security (RSZ) activities
49410
Freight transport by road main activity
Codes under NACEBEL 2008
VAT activities
49410
Road freight transport main activity
52249
Warehousing and support activities for transportation
52290
Warehousing and support activities for transportation
Social security (RSZ) activities
49410
Road freight transport main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Transport de tiers par camions,voitures ou autres moyens de transport;transport de personnes avec ou sans chauffeur;mise à disposition de…”deed of 29-03-2024 (in French)
17 activities
- Transport de tiers par camions,voitures ou autres moyens de transport;transport de personnes avec ou sans chauffeur;mise à disposition de voitures avec ou sans chauffeur,livraisons à domicile,déménagements et toutes autres activités liées directement ou indirectement aux entreprises de transport au sens large
- Le conseil et le dispatching en matière de transport national et étranger,que ce soit par route,par air,par eau ou par chemin de fer
- Le transport et l'acheminement de marchandises par route tant au niveau national qu'international,et ce au sens le plus large du terme
- Médiation en matière de transport
- Agir en tant qu'agent dans les transports
- L'aménagement et la mise à disposition d'aires de stockage pour l'entreposage de marchandises,avec ou sans surveillance de ces marchandises par l'exploitant,tel que prévu par l'application de l'article 18-1,9° du Code de la taxe sur la valeur ajoutée
- Manutention et stockage de marchandises
- Les activités de soutien au transport liées au transport terrestre
- L'organisation du transport de marchandises au sens large
- Bureau d'expédition de fret
- Affrètement
- Intermédiation en matière de transport,telle que les activités de commissionnaire de transport,de commissionnaire-expéditeur et de courtier en transport
- Location et leasing opérationnel sans chauffeur de voitures,de moyens de transport en général tels que les navires,les avions,les camions,les machines,les outils,les installations,les machines de bureau et les ordinateurs,les programmes informatiques et tous les autres biens mobiliers au sens le plus large
- Pour son propre compte:La construction,l'aménagement judicieux et la gestion de biens immobiliers;toutes les opérations relatives aux biens et droits immobiliers telles que le crédit-bail immobilier à des tiers,l'achat,la vente,l'échange,la construction,la transformation,l'entretien,la location,le lotissement,la prospection et l'exploitation de biens immobiliers,l'achat et la vente,la location et l'affermage de biens mobiliers ainsi que tous les actes se rattachant directement ou indirectement à cet objet et de nature à favoriser le produit des biens meubles et immeubles,et à se porter garant de la bonne exécution des engagements pris par les tiers qui auraient la jouissance des biens meubles et immeubles
- La constitution,le développement judicieux et la gestion d'un patrimoine mobilier,toutes les obligations relatives aux biens et droits mobiliers,de quelque nature qu'ils soient,telles que l'acquisition par souscription ou achat et la gestion d'actions,d'obligations,de bons de caisse ou d'autres titres mobiliers,de quelque forme qu'ils soient,de personnes morales et de sociétés belges ou étrangères,existantes ou à constituer
- L'octroi de prêts et d'ouvertures de crédit aux personnes morales et aux sociétés ou aux particuliers,sous quelque forme que ce soit;dans ce cadre,elle peut également se porter garante ou accorder sa garantie,au sens le plus large,en effectuant toutes les opérations commerciales et financières à l'exception de celles qui sont légalement réservées aux banques de dépôt,aux détenteurs de dépôts à court terme,aux caisses d'épargne,aux sociétés de crédit hypothécaire et aux sociétés de capitalisation
- Exercer des fonctions d'administrateur,d'administrateur délégué,de gérant,de directeur ou d'autres fonctions de direction et de gestion,rémunérées ou non,sous toutes les formes,y compris étrangères,de sociétés,d'associations ou d'entreprises communes,tant en Belgique qu'à l'étranger
Registered office and establishments
1 establishment| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Rue Ilya Prigogine 2 registered office 1480 Tubize | 30-06-2016 | 2.254.985.229 | Transport of foodstuffs under controlled temperature and/or atmosphere |
Buildings and parcels at the address
- Ground area
- 7,038 m²
- Buildings
- 2,983 m²
- Volume, LiDAR
- 290 m³
- Tallest building
- 0.2 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 25105A0520/00B000 | 7,038 m² | 1 · 2,983 m² | 0.2 m |
Recognitions
Food safety, FASFC
1 siteTubizeunit number 2.254.985.229