VAPTRANS
ActiveVAPTRANS has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.09M and a net result of €83k. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 64% of 862 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
86
/ 100
Excellent▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability20▼-25
Solvency96▼-3
Growth46▼-17
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180k at 30 days acceptable
Liquidity ample (current ratio 3.37 against 4.41 in 2024), and 47.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
52.9%
Return on assets
2.1%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 7 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
3 d late
2024
14 d early
2023
40 d early
2022
26 d early
2021
53 d early
2020
29 d early
2019
17 d early
← before the deadline
after the deadline →
neutral · 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 monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€4.58M=
2018 · €4.58M
2018: €4.58M
2018 → 2019
EBIT margin
2.9%▼ 2.5pp
2018 · 5.4%
2018: 5.4%
2018 → 2019
Net result
€83k▼ 54.6%
2024 · €182k
2018: €180k
2019: €80k
2020: €110k
2021: €58k
2022: €99k
2023: €181k
2024: €182k
2018 → 2025
Working capital
€1.90M▲ 0.4%
2024 · €1.89M
2018: €2.70M
2019: €648k
2020: €836k
2021: €1.15M
2022: €1.44M
2023: €1.62M
2024: €1.89M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.54M-€1.64M▲ 6.4%€1.82M▲ 11.0%€2.00M▲ 10.0%€2.09M▲ 4.1%
Operating result€95k-€126k▲ 32.8%€155k▲ 23.5%€172k▲ 11.0%€125k▼ 27.4%
Net result€58k-€99k▲ 70.2%€181k▲ 82.2%€182k▲ 0.8%€83k▼ 54.6%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 27% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.94M
Fixed assets
€1.25M▲ 57.9%
Current assets
€2.70M▲ 10.3%
Equity and liabilities €3.94M
Equity
€2.09M▲ 4.1%
Debt
€1.86M▲ 50.8%
The debt ratio rises from 38.1% to 47.1%: debt grows faster than equity.
Key figures and ratios
EBITDA
€460k▲
2024 · €388k
Cash flow
€418k▲
2024 · €398k
Solvency
52.9%▼
2024 · 61.9%
Current ratio
3.37▼
2024 · 4.41
Quick ratio
3.37▼
2024 · 4.41
Debt / equity
0.89▲
2024 · 0.62
ROE
4.0%▼
2024 · 9.1%
ROA
2.1%▼
2024 · 5.6%
Interest coverage
6.87▼
2024 · 7.04
Debt
€1.86M▲
2024 · €1.23M
Debt ≤ 1 year
€801k▲
2024 · €555k
Debt > 1 year
€1.06M▲
2024 · €657k
Income taxes
€32k▲
2024 · €21k
Staff costs
€1.53M▼
2024 · €1.54M
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.23M€3.94M▲
Fixed assets21/28€789k€1.25M▲
Tangible fixed assets22/27€781k€1.24M▲
Furniture and vehicles24€93k€124k▲
Leasing and similar rights25€688k€1.11M▲
Financial fixed assets28€7k€7k=
Current assets29/58€2.45M€2.70M▲
Amounts receivable after more than one year29€2.09M€2.36M▲
Other amounts receivable291€2.09M€2.36M▲
Amounts receivable within one year40/41€104k€325k▲
Trade receivables40€83k€305k▲
Other amounts receivable41€21k€20k▼
Cash at bank and in hand54/58€100€0▼
Deferred charges and accrued income490/1€255k€15k▼
Equity and liabilities
Total equity and liabilities10/49€3.23M€3.94M▲
Equity10/15€2.00M€2.09M▲
Contributions10/11€80k€80k=
Capital10€80k€80k=
Issued capital100€80k€80k=
Reserves13€596k€606k▲
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Tax-exempt reserves132€588k€598k▲
Distributable reserves133€470€470=
Profit (loss) carried forward14€1.33M€1.40M▲
Amounts payable17/49€1.23M€1.86M▲
Amounts payable after more than one year17€657k€1.06M▲
Financial debts170/4€656k€1.03M▲
Other amounts payable178/9€577€31k▲
Amounts payable within one year42/48€555k€801k▲
Current portion of amounts payable after more than one year42€126k€216k▲
Financial debts43-€60k
Credit institutions430/8-€60k
Trade debts44€322k€431k▲
Suppliers440/4€322k€431k▲
Taxes, remuneration and social security45€107k€94k▼
Taxes450/3€54k€53k▼
Remuneration and social security454/9€53k€41k▼
Accrued charges and deferred income492/3€21k€197▼
Income statement
Code20242025
Non-recurring operating income76A€138k€62k▼
Remuneration, social security and pensions62€1.54M€1.53M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€216k€335k▲
Other operating charges640/8€85k€4k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€2.01M€1.99M▼
Operating profit (loss)9901€172k€125k▼
Financial income75/76B€86k€57k▼
Recurring financial income75€86k€57k▼
Financial charges65/66B€55k€67k▲
Recurring financial charges65€55k€67k▲
Profit (loss) for the period before taxes9903€203k€115k▼
Income taxes67/77€21k€32k▲
Profit (loss) for the period9904€182k€83k▼
Transfer from tax-exempt reserves789€0-
Transfer to tax-exempt reserves689€138k€10k▼
Profit (loss) for the period to be appropriated9905€44k€73k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.33M€1.40M▲
Profit (loss) brought forward from the previous period14P€1.28M€1.33M▲
Social balance
Average headcount (FTE)908722.321.5▼
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 3 days late
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €182k ▲0.8%
Net result €182k, the highest in the series.
31-12
Financial
Equity above €2MEq €2.00M ▲10%
7 profitable years in a row build equity to €2.00M.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €58k ▼47.2%
Net result drops to €58k, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 16 days late
2017
02-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
18 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, Zoersel · 2 establishment units since 1999
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.
Kapellei 1572980 ZoerselGround area
3.9 ha
Building footprint
5,612 m²
Volume, LiDAR
38,287 m³
3 parcels, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Kanaaldijk 25, 2900 Schoten
since 19992.091.414.525
Kwikaard 118, 2980 Zoersel
since 20172.266.774.885
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11453I0309/00G000 | Flanders | 2.8 ha | 1 · 4,556 m² | 9.7 m · 3 fl. |
| 11453I0384/00A002 | Flanders | 7,818 m² | 1 · 1,009 m² | 11.3 m · 2 fl. |
| 11443C0473/00G000 | Flanders | 2,922 m² | 1 · 47 m² | 6.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels 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
2023 · 1 entry · 4,500 EUR awarded · 4,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 4,500 EUR | 4,500 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
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Of 12,603 companies in sector 49410 we hold annual accounts for 8,196. 2,944 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded03-06-1999
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
60243
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.