VERGAUWE TRANS

Active

Private limited companyfounded 20197 yrs activeWaterhoekstraat(ICH) 14, 8480 Ichtegem, BelgiumKBO/BCE: BE 0726.640.559

The computed 12-month bankruptcy probability of VERGAUWE TRANS is 2.8% (moderate). The 2024 annual accounts show equity of €140k and a net result of €4k. Equity is growing by ~12.7% per year across the filed fiscal years. Its solvency ranks better than 60% of 6716 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

70 / 100

Healthy

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability70▼-1

Solvency73▲+8

Growth52=

Track record100

Bankruptcy probability, 12 months

2.8% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €9k at 30 days acceptable

Liquidity ample (current ratio 4.13 against 2.52 in 2023; short-term debt: 13.8% and cash: 34.6% of total assets), but 52.4% 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

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

+raises risk○neutral

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 →

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

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

38 d early

2023

35 d early

2022

30 d late

2021

35 d early

2020

33 d early

← before the deadline after the 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 2024, micro schema

Equity

€140k▲ 2.7%

2023 · €136k

2020: €70k 2021: €106k 2022: €121k 2023: €136k

2020 → 2024

Total assets

€294k▼ 14.4%

2023 · €343k

2020: €276k 2021: €293k 2022: €394k 2023: €343k

2020 → 2024

Net result

€4k▼ 46.6%

2023 · €7k

2020: €60k 2021: €36k 2022: €15k 2023: €7k

2020 → 2024

Working capital

€127k▲ 17.9%

2023 · €107k

2020: €57k 2021: €97k 2022: €80k 2023: €107k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€70k-€106k▲ 52.2%€121k▲ 14.2%€136k▲ 12.8%€140k▲ 2.7%

Operating result€73k-€52k▼ 28.6%€20k▼ 62.4%€10k▼ 50.1%€9k▼ 3.5%

Net result€60k-€36k▼ 39.1%€15k▼ 58.7%€7k▼ 54.2%€4k▼ 46.6%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has fallen four years in a row; 2024 is 3% below 2023 and is the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €294k

43.2%

56.8%

Fixed assets €127k▼ 23.1%

Current assets €167k▼ 6.2%

Equity and liabilities €294k

47.6%

52.4%

Equity €140k▲ 2.7%

Debt €154k▼ 25.6%

The debt ratio falls from 60.3% to 52.4%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€58k▼

2023 · €79k

Cash flow

€53k▼

2023 · €76k

Solvency

47.6%▲

2023 · 39.7%

Current ratio

4.13▲

2023 · 2.52

Quick ratio

4.13▲

2023 · 2.52

Debt / equity

1.10▼

2023 · 1.52

ROE

2.6%▼

2023 · 5.0%

ROA

1.2%▼

2023 · 2.0%

Interest coverage

11.43▼

2023 · 30.72

Debt

€154k▼

2023 · €207k

Debt ≤ 1 year

€40k▼

2023 · €71k

Debt > 1 year

€113k▼

2023 · €136k

Income taxes

€1k▲

2023 · €678

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€343k€294k▼

Fixed assets21/28€165k€127k▼

Tangible fixed assets22/27€165k€127k▼

Land and buildings22€76k€73k▼

Plant, machinery and equipment23€6k€4k▼

Furniture and vehicles24€62k€49k▼

Leasing and similar rights25€22k-

Current assets29/58€178k€167k▼

Amounts receivable within one year40/41€57k€53k▼

Trade receivables40€53k€49k▼

Other amounts receivable41€4k€3k▼

Current investments50/53€50k-

Cash at bank and in hand54/58€67k€102k▲

Deferred charges and accrued income490/1€4k€12k▲

Equity and liabilities

Total equity and liabilities10/49€343k€294k▼

Equity10/15€136k€140k▲

Contributions10/11€19k€19k=

Reserves13€117k€117k=

Distributable reserves133€117k€117k=

Profit (loss) carried forward14€691€4k▲

Amounts payable17/49€207k€154k▼

Amounts payable after more than one year17€136k€113k▼

Financial debts170/4€96k€73k▼

Other amounts payable178/9€40k€40k=

Amounts payable within one year42/48€71k€40k▼

Current portion of amounts payable after more than one year42€50k€23k▼

Trade debts44€6k€9k▲

Suppliers440/4€6k€9k▲

Taxes, remuneration and social security45€10k€8k▼

Taxes450/3€10k€8k▼

Other amounts payable47/48€4k€1k▼

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€69k€49k▼

Other operating charges640/8€9k€15k▲

Gross operating margin9900€88k€74k▼

Operating profit (loss)9901€10k€9k▼

Financial income75/76B€342€806▲

Recurring financial income75€342€806▲

Financial charges65/66B€3k€5k▲

Recurring financial charges65€3k€5k▲

Profit (loss) for the period before taxes9903€8k€5k▼

Income taxes67/77€678€1k▲

Profit (loss) for the period9904€7k€4k▼

Profit (loss) for the period to be appropriated9905€7k€4k▼

Appropriation of the result

Profit (loss) to be appropriated9906€7k€4k▼

Profit (loss) brought forward from the previous period14P€315€691▲

Transfer to equity691/2€7k-

To other reserves6921€7k-

The notes to these accounts (6 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 7Financial 2Filings 5

2025

23-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Weakest financial yearnet €4k ▼46.6%

Net result drops to €4k, the lowest in the series.

26-06

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

26-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Equity above €100kEq €106k ▲52.2%

2 profitable years in a row build equity to €106k.

28-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

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, Ichtegem · 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.

Waterhoekstraat(ICH) 148480 Ichtegem

Ground area

1,542 m²

Building footprint

204 m²

Volume, LiDAR

790 m³

Parcel 35006B0894/00R000, Flanders · tallest building 6.5 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

Vergauwe Trans

Waterhoekstraat(ICH) 14, 8480 IchtegemSpecialised construction activities

since 20192.289.008.869

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
35006B0894/00R000	Flanders	1,542 m²	1 · 204 m²	6.5 m · 1 fl.

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

2023 to 2024 · 2 entries · 120 EUR awarded · 120 EUR paid

Year	Entries	awarded	paid
2024	1	36 EUR	36 EUR
2023	1	84 EUR	84 EUR

Schemes

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

2 entries · 120 EUR · 120 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

NS Trans

BE 0741.430.287

Waasmunster · Eq €140k

TRANSLIFE

BE 0899.663.617

Anderlecht · Eq €140k

Of 12,603 companies in sector 49410 we hold annual accounts for 8,194. 6,368 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded01-05-2019

Fiscal year end31-12

Activities, NACEBEL

49410Freight transport by road

49320Non-scheduled passenger transport by road

49390Land transport and transport via pipelines

53200Other postal and courier activities

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.