VAGATRANS
ActiveThe computed 12-month bankruptcy probability of VAGATRANS is 4.8% (elevated). The annual accounts of VAGATRANS for fiscal year 2024 show a net loss of 54% of total assets and of 82% of the equity at the start of that year. The 2024 annual accounts show equity of €2k and a net result of €-11k. Equity is shrinking by ~40.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 23% of 1307 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
23
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-39
Solvency37▲+4
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
4.8%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.14 against 3.44 in 2023; short-term debt: 88% and cash: 17.6% of total assets), and 88% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Sector 52
higher
← fewer bankruptcies
more bankruptcies →
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
12%
Return on assets
-53.9%
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 23% of 1307 sector peers (2024).
NBB · sector comparisonPosition among 1307 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-08-2025, 2 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
2 d late
2023
30 d early
2022
10 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€2k▼ 81.8%
2023 · €13k
2022: €12k
2023: €13k
2022 → 2024
Total assets
€20k▼ 88.3%
2023 · €173k
2022: €91k
2023: €173k
2022 → 2024
Net result
€-11k
2023 · €1k
2022: €10k
2023: €1k
2022 → 2024
Working capital
€2k▼ 98.0%
2023 · €123k
2022: €12k
2023: €123k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€12k-€13k▲ 8.7%€2k▼ 81.8%
Operating result€3k-€-591€-3k▼ 480%
Net result€10k-€1k▼ 89.1%€-11k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2024 against €591 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €20k
Equity
€2k▼ 81.8%
Debt
€18k▼ 88.8%
The debt ratio falls from 92.3% to 88.0%. Equity and debt are lower.
Key figures and ratios
Solvency
12.0%▲
2023 · 7.7%
Current ratio
1.14▼
2023 · 3.44
Quick ratio
0.68▼
2023 · 3.28
Debt / equity
7.34▼
2023 · 11.95
ROE
-449.2%▼
2023 · 8.0%
ROA
-53.9%▼
2023 · 0.6%
Debt
€18k▼
2023 · €160k
Debt ≤ 1 year
€18k▼
2023 · €50k
Income taxes
€190▼
2023 · €1k
Staff costs
€2k▼
2023 · €9k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€173k€20k▼
Current assets29/58€173k€20k▼
Amounts receivable after more than one year29€141k-
Other amounts receivable291€141k-
Stocks and contracts in progress3€8k€8k=
Stocks30/36€8k€8k=
Amounts receivable within one year40/41€10k€6k▼
Trade receivables40€6k€3k▼
Other amounts receivable41€4k€3k▼
Cash at bank and in hand54/58€2k€4k▲
Deferred charges and accrued income490/1€12k€3k▼
Equity and liabilities
Total equity and liabilities10/49€173k€20k▼
Equity10/15€13k€2k▼
Contributions10/11€3k€3k=
Reserves13€11k-
Distributable reserves133€11k-
Profit (loss) carried forward14-€-68
Amounts payable17/49€160k€18k▼
Amounts payable after more than one year17€109k-
Financial debts170/4€109k-
Amounts payable within one year42/48€50k€18k▼
Trade debts44€38k€9k▼
Suppliers440/4€18k€9k▼
Bills of exchange payable441€20k-
Taxes, remuneration and social security45€6k€3k▼
Taxes450/3€5k€2k▼
Remuneration and social security454/9€568€1k▲
Other amounts payable47/48€6k€6k▼
Income statement
Code20232024
Remuneration, social security and pensions62€9k€2k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€10k€-105▼
Operating profit (loss)9901€-591€-3k▼
Financial income75/76B€4k€94▼
Recurring financial income75€4k€94▼
Financial charges65/66B€661€7k▲
Recurring financial charges65€661€7k▲
Profit (loss) for the period before taxes9903€2k€-11k▼
Income taxes67/77€1k€190▼
Profit (loss) for the period9904€1k€-11k▼
Profit (loss) for the period to be appropriated9905€1k€-11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1k€-11k▼
Transfer from equity791/2-€11k
Transfer to equity691/2€1k-
To other reserves6921€1k-
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
02-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 2 days late
2024
31-12
Financial
Weakest financial yearnet €-11k ▼1124%
Net result drops to €-11k, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 3.44
Current ratio from 1.16 to 3.44; short-term debt falls from €79k to €50k.
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Retie · 2 establishment units since 2021
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.
St. Martinusstraat 462470 RetieGround area
1.5 ha
Building footprint
1.1 ha
Volume, LiDAR
76,457 m³
2 parcels, Flanders · tallest building 42.1 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
VAGATRANS
since 20212.314.483.247
VAGATRANS
since 20212.321.698.463
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11012A0148/00X000 | Flanders | 1.5 ha | 1 · 1.1 ha | 42.1 m · 2 fl. |
| 13036F0470/00F003 | Flanders | 196 m² | 1 · 117 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Weska
BE 0792.714.682
Schilde · Eq €3k
Maesland
BE 0779.739.745
Antwerpen · Eq €2k
TerminalCo
BE 0889.810.890
Brugge · Eq €2k
Cathec
BE 0776.605.358
Destelbergen · Eq €4k
Janssens Group
BE 0762.902.822
Zoersel · Eq €6k
Of 275 companies in sector 52241 we hold annual accounts for 212. 20 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-02-2021
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
52241Warehousing and support activities for transportation
46213Wholesale trade
50200Water transport
52100Warehousing and storage
52210Service activities incidental to land transportation
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.