Vlenatrans
ActiveSummary
The computed 12-month bankruptcy probability of Vlenatrans is 2.8% (moderate). The 2025 annual accounts show equity of €60,807 and a net result of €30,807. Equity is growing by ~15.6% per year across the filed fiscal years. Its solvency ranks better than 22% of 4814 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
Freight transport by road
NACE 49410
1 site
How big
€665,467total assets 2025
- Equity
- €60,807
- Profit
- €30,807
Turnover not published (abridged schema)
Who decides
Accounts 95 d early0 of 1 deed read
Why 57- Higher-failure-rate sector- Limited track record- Weak solvency vs sector+ Annual accounts: healthy financial profileLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability75▼-4
Solvency34▼-16
Growth78=
Track record94
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity tight (current ratio 1.43 against 0.8 in 2024; short-term debt: 21.6% and cash: 22.1% of total assets), and 90.9% of the assets are financed with debt.
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Signals
Five 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
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
9.1%
Return on assets
4.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 4814 sector peers (2025).
NBB · sector comparisonPosition among 4814 sector peers
Solvency
better than 22%
← weakest
strongest →
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 27-04-2026, 95 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
95 d early
2024
85 d early
2023
82 d early
2022
75 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 84 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 9 May (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Highest result since 2022net €30,807 ▲59.3%
- Annual accounts filedfiscal year 2024 · micro…
Financials
Fiscal year 2025Total assets €665,467Profit €30,807Solvency 9.1%Liquidity 1.43
Total assets
€665,467▲ 175%
2022 - 2025
Net result
€30,807▲ 59.3%
2022 - 2025
Equity
€60,807▲ 0.7%
2022 - 2025
Solvency
9.1%▼ 15.8pp
2022 - 2025
Financials · fiscal year 2025, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€11,258-€30,964▲ 175%€27,651▼ 10.7%€43,849▲ 58.6%
Net result€6,701within the sector's middle half-€23,330above the sector's middle half▲ 248%€19,340within the sector's middle half▼ 17.1%€30,807above the sector's middle half▲ 59.3%
Equity€36,701within the sector's middle half-€51,031within the sector's middle half▲ 39.0%€60,371within the sector's middle half▲ 18.3%€60,807within the sector's middle half▲ 0.7%
Total assets€244,256within the sector's middle half-€273,672above the sector's middle half▲ 12.0%€242,411within the sector's middle half▼ 11.4%€665,467above the sector's middle half▲ 175%
Debt€207,555-€222,642▲ 7.3%€182,040▼ 18.2%€604,660▲ 232%
Working capital-€45,063below the sector's middle half--€50,740below the sector's middle half▼ 12.6%-€23,643below the sector's middle half▲ 53.4%€61,720above the sector's middle half
Solvency15.0%below the sector's middle half-18.6%within the sector's middle half▲ 3.6pp24.9%within the sector's middle half▲ 6.3pp9.1%below the sector's middle half▼ 15.8pp
Current ratio0.63below the sector's middle half-0.60below the sector's middle half▼ 0.030.80within the sector's middle half▲ 0.201.43within the sector's middle half▲ 0.63
Return on assets (ROA)2.7%within the sector's middle half-8.5%within the sector's middle half▲ 5.8pp8.0%within the sector's middle half▼ 0.5pp4.6%within the sector's middle half▼ 3.3pp
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 59% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €665,467
Fixed assets
€459,836 ▲ 210%
Current assets
€205,631 ▲ 118%
Equity and liabilities €665,467
Equity
€60,807 ▲ 0.7%
Debt
€604,660 ▲ 232%
Debt's share of the balance-sheet total rises from 75.1% to 90.9%. Equity and debt are higher.
Key figures and ratios
Key figures and ratios
EBITDA
€94,093▲
2024 · €76,041
Cash flow
€81,051▲
2024 · €67,729
Quick ratio
1.40▲
2024 · 0.76
Debt to equity
9.94▲
2024 · 3.02
ROE
50.7%▲
2024 · 32.0%
Interest coverage
13.32▼
2024 · 18.61
Debt ≤ 1 year
€143,910▲
2024 · €117,887
Debt > 1 year
€460,749▲
2024 · €64,153
Income taxes
€5,978▲
2024 · €4,226
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,514 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 96% are still going.
- Small
- 2 to 5 years old
- solvency under 10%
- a profit under 5% of the balance sheet
2.4%
went bankrupt
1.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,514 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Filed annual accounts
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €954 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,074 | €45,493 | €48,390 | €50,244 | ▲ 3.8% |
| Other operating charges640/8 | €4,519 | €9,675 | €5,024 | €4,488 | ▼ 10.7% |
| Non-recurring operating charges66A | €1,250 | - | - | €4,198 | - |
| Gross operating margin9900 | €42,101 | €86,132 | €81,065 | €102,779 | ▲ 26.8% |
| Operating profit (loss)9901 | €11,258 | €30,964 | €27,651 | €43,849 | ▲ 58.6% |
| Financial income75/76B | - | - | €0 | €2 | ▲ 4,225% |
| Recurring financial income75 | - | - | €0 | €2 | ▲ 4,225% |
| Financial charges65/66B | €1,709 | €2,986 | €4,085 | €7,065 | ▲ 72.9% |
| Recurring financial charges65 | €1,709 | €2,986 | €4,085 | €7,065 | ▲ 72.9% |
| Profit (loss) for the period before taxes9903 | €9,549 | €27,978 | €23,566 | €36,785 | ▲ 56.1% |
| Income taxes67/77 | €2,848 | €4,648 | €4,226 | €5,978 | ▲ 41.5% |
| Profit (loss) for the period9904 | €6,701 | €23,330 | €19,340 | €30,807 | ▲ 59.3% |
| Profit (loss) for the period to be appropriated9905 | €6,701 | €23,330 | €19,340 | €30,807 | ▲ 59.3% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €244,256 | €273,672 | €242,411 | €665,467 | ▲ 175% |
| Formation expenses20 | €258 | - | - | - | - |
| Fixed assets21/28 | €167,651 | €196,556 | €148,167 | €459,836 | ▲ 210% |
| Tangible fixed assets22/27 | €167,651 | €196,556 | €148,167 | €459,836 | ▲ 210% |
| Land and buildings22 | €7,198 | €5,998 | €4,798 | €322,180 | ▲ 6,615% |
| Plant, machinery and equipment23 | €1,788 | €1,098 | €407 | €4,792 | ▲ 1,076% |
| Furniture and vehicles24 | €158,665 | €149,932 | €108,036 | €102,856 | ▼ 4.8% |
| Leasing and similar rights25 | - | €39,529 | €34,925 | €30,008 | ▼ 14.1% |
| Current assets29/58 | €76,347 | €77,116 | €94,244 | €205,631 | ▲ 118% |
| Stocks and contracts in progress3 | €3,955 | €4,289 | €4,070 | €3,668 | ▼ 9.9% |
| Stocks30/36 | €3,955 | €4,289 | €4,070 | €3,668 | ▼ 9.9% |
| Amounts receivable within one year40/41 | €38,768 | €36,766 | €22,169 | €50,334 | ▲ 127% |
| Trade receivables40 | €38,768 | €36,194 | €22,169 | €45,129 | ▲ 104% |
| Other amounts receivable41 | - | €572 | - | €5,205 | - |
| Cash at bank and in hand54/58 | €33,625 | €34,452 | €66,496 | €147,306 | ▲ 122% |
| Deferred charges and accrued income490/1 | - | €1,609 | €1,510 | €4,321 | ▲ 186% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €244,256 | €273,672 | €242,411 | €665,467 | ▲ 175% |
| Equity10/15 | €36,701 | €51,031 | €60,371 | €60,807 | ▲ 0.7% |
| Contributions10/11 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Reserves13 | - | - | €9,340 | €30,807 | ▲ 230% |
| Distributable reserves133 | - | - | €9,340 | €30,807 | ▲ 230% |
| Profit (loss) carried forward14 | €6,701 | €21,031 | €21,031 | - | - |
| Amounts payable17/49 | €207,555 | €222,642 | €182,040 | €604,660 | ▲ 232% |
| Amounts payable after more than one year17 | €86,145 | €94,785 | €64,153 | €460,749 | ▲ 618% |
| Financial debts170/4 | €86,145 | €94,785 | €64,153 | €460,749 | ▲ 618% |
| Amounts payable within one year42/48 | €121,410 | €127,856 | €117,887 | €143,910 | ▲ 22.1% |
| Current portion of amounts payable after more than one year42 | €37,079 | €32,447 | €30,632 | €39,678 | ▲ 29.5% |
| Financial debts43 | €20,757 | €54,572 | €53,459 | €50,334 | ▼ 5.8% |
| Other loans439 | €20,757 | €54,572 | €53,459 | €50,334 | ▼ 5.8% |
| Trade debts44 | €58,152 | €24,340 | €10,733 | €14,318 | ▲ 33.4% |
| Suppliers440/4 | €58,152 | €24,340 | €10,733 | €14,318 | ▲ 33.4% |
| Taxes, remuneration and social security45 | €5,421 | €7,497 | €12,655 | €8,802 | ▼ 30.4% |
| Taxes450/3 | €5,421 | €7,497 | €12,655 | €6,993 | ▼ 44.7% |
| Remuneration and social security454/9 | - | - | - | €1,810 | - |
| Other amounts payable47/48 | - | €9,000 | €10,408 | €30,779 | ▲ 196% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,701 | €23,330 | €19,340 | €30,807 | ▲ 59.3% |
| + Depreciation and write-downs630 | €25,074 | €45,493 | €48,390 | €50,244 | ▲ 3.8% |
| Operating cash flow (approximation) | €31,775 | €68,823 | €67,729 | €81,051 | ▲ 19.7% |
| Investment in fixed assets (approximation) | - | -€74,398 | €0 | -€361,913 | - |
| Change in cash | - | €827 | €32,044 | €80,811 | ▲ 152% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
KADCO
BE 1002.791.443
Schaarbeek · Eq €60,804
BAB LOGISTICS
BE 0748.692.916
Brussel · Eq €60,764
NED TRANS
BE 0737.390.931
Schaarbeek · Eq €60,689
BERXE
BE 1007.812.578
Berlare · Eq €60,655
Tulu
BE 0727.523.952
Temse · Eq €61,005
Of 12,573 companies in this sector we hold annual accounts for 8,205. 6,115 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
5 eventsLatest 27-04-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2022net €30,807 ▲59.3%
Operating result €43,849, net result €30,807, both a record.
07-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
17-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Support & recognitions
1 funding sourceFlanders €179
Flemish government
€179
awarded · 2023
Subsidies and aid
Flemish government
2023 · 1 entry · €179 awarded · €179 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | €179 | €179 |
Company details
Private limited company · founded 26-04-2022Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded26-04-2022
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0785400981
Also
9925:BE0785400981
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Tielt-Winge · 1 establishment unit since 2022
Ground area
2,068 m²
Building footprint
18 m²
Parcel 24044A0347/00D000, Flanders. Linked by address, not a title deed.
1 establishment unit
Vlenatrans
since 2022unit no. 2.330.958.104
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24044A0347/00D000 | Flanders | 2,068 m² | 1 · 18 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Go further with this company
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