VOL - TRANS
ActiveSummary
VOL - TRANS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €65,603 and a net result of -€12,676. Equity is growing by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 82% of 4718 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability51▼-9
Solvency99▲+11
Growth52=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 2.19 against 1.94 in 2024; short-term debt: 25.9% and cash: 31.9% of total assets), and 25.9% 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 →
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
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 2025Solvency, return and age of the figures
Solvency
74.1%
Return on assets
-14.3%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€12,676
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
on the day
2023
30 d late
2022
on the day
2021
22 d late
2020
26 d late
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 11 days after 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 31 July (5 of the last 5 filed years within 31 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€65,603▼ 16.2%
2024 · €78,279
Total assets
€88,486▼ 29.0%
2024 · €124,576
Net result
-€12,676▼ 46.5%
2024 · -€8,651
Working capital
€27,300▲ 4.7%
2024 · €26,069
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€28,225▲ 104%€9,575▼ 66.1%€8,232▼ 14.0%-€7,001-€11,365▼ 62.3%
Net result€26,828above the sector's middle half▲ 209%€4,959within the sector's middle half▼ 81.5%€3,511within the sector's middle half▼ 29.2%-€8,651below the sector's middle half-€12,676below the sector's middle half▼ 46.5%
Equity€78,459within the sector's middle half▲ 52.0%€83,419within the sector's middle half▲ 6.3%€86,930within the sector's middle half▲ 4.2%€78,279within the sector's middle half▼ 10.0%€65,603within the sector's middle half▼ 16.2%
Total assets€178,811within the sector's middle half▲ 170%€163,832within the sector's middle half▼ 8.4%€161,041within the sector's middle half▼ 1.7%€124,576within the sector's middle half▼ 22.6%€88,486within the sector's middle half▼ 29.0%
Debt€100,352▲ 592%€80,413▼ 19.9%€74,111▼ 7.8%€46,297▼ 37.5%€22,882▼ 50.6%
Working capital€37,617within the sector's middle half▲ 30.5%€44,119within the sector's middle half▲ 17.3%€30,672within the sector's middle half▼ 30.5%€26,069within the sector's middle half▼ 15.0%€27,300within the sector's middle half▲ 4.7%
Solvency43.9%within the sector's middle half▼ 34.2pp50.9%within the sector's middle half▲ 7.0pp54.0%within the sector's middle half▲ 3.1pp62.8%within the sector's middle half▲ 8.9pp74.1%above the sector's middle half▲ 11.3pp
Current ratio2.27within the sector's middle half▼ 0.722.60within the sector's middle half▲ 0.331.96within the sector's middle half▼ 0.641.94within the sector's middle half▼ 0.012.19within the sector's middle half▲ 0.25
Return on assets (ROA)15.0%within the sector's middle half▲ 1.9pp3.0%within the sector's middle half▼ 12.0pp2.2%within the sector's middle half▼ 0.8pp-6.9%below the sector's middle half▼ 9.1pp-14.3%below the sector's middle half▼ 7.4pp
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 per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11,365 in 2025 against €7,001 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €88,486
Fixed assets
€38,303 ▼ 45.9%
Current assets
€50,183 ▼ 6.6%
Equity and liabilities €88,486
Equity
€65,603 ▼ 16.2%
Debt
€22,882 ▼ 50.6%
Debt's share of the balance-sheet total falls from 37.2% to 25.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€19,729▼
2024 · €24,694
Cash flow
€18,418▼
2024 · €23,044
Debt to equity
0.35▼
2024 · 0.59
ROE
-19.3%▼
2024 · -11.1%
Interest coverage
18.12▲
2024 · 17.38
Debt ≤ 1 year
€22,882▼
2024 · €27,670
Debt > 1 year
€0▼
2024 · €18,626
Income taxes
€222▼
2024 · €229
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.0%
went bankrupt
9.8%
stopped otherwise
88%
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 1.3% 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 497,338 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% | 1.9% |
| 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 4,805 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,095 | €24,410 | €28,839 | €31,695 | €31,094 | ▼ 1.9% |
| Other operating charges640/8 | €401 | €409 | €2,523 | €1,838 | €2,098 | ▲ 14.1% |
| Non-recurring operating charges66A | - | - | - | - | €283 | - |
| Gross operating margin9900 | €42,720 | €34,394 | €39,594 | €26,533 | €22,110 | ▼ 16.7% |
| Operating profit (loss)9901 | €28,225 | €9,575 | €8,232 | -€7,001 | -€11,365 | ▼ 62.3% |
| Financial income75/76B | €5,000 | €0 | €0 | €0 | €0 | ▼ 100% |
| Recurring financial income75 | €5,000 | €0 | €0 | €0 | €0 | ▼ 100% |
| Financial charges65/66B | €1,211 | €1,713 | €1,741 | €1,421 | €1,089 | ▼ 23.4% |
| Recurring financial charges65 | €1,211 | €1,713 | €1,741 | €1,421 | €1,089 | ▼ 23.4% |
| Profit (loss) for the period before taxes9903 | €32,014 | €7,862 | €6,491 | -€8,422 | -€12,454 | ▼ 47.9% |
| Income taxes67/77 | €5,186 | €2,902 | €2,980 | €229 | €222 | ▼ 3.2% |
| Profit (loss) for the period9904 | €26,828 | €4,959 | €3,511 | -€8,651 | -€12,676 | ▼ 46.5% |
| Profit (loss) for the period to be appropriated9905 | €26,828 | €4,959 | €3,511 | -€8,651 | -€12,676 | ▼ 46.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €178,811 | €163,832 | €161,041 | €124,576 | €88,486 | ▼ 29.0% |
| Fixed assets21/28 | €111,595 | €92,105 | €98,320 | €70,837 | €38,303 | ▼ 45.9% |
| Tangible fixed assets22/27 | €111,595 | €92,105 | €98,320 | €70,837 | €38,303 | ▼ 45.9% |
| Land and buildings22 | €11,651 | €9,407 | - | - | - | - |
| Plant, machinery and equipment23 | €2,383 | €1,386 | €389 | €0 | - | - |
| Furniture and vehicles24 | €95 | €4,420 | €34,451 | €30,176 | €20,461 | ▼ 32.2% |
| Leasing and similar rights25 | €97,467 | €76,891 | €56,316 | €35,740 | €15,164 | ▼ 57.6% |
| Other tangible fixed assets26 | - | - | €7,164 | €4,921 | €2,678 | ▼ 45.6% |
| Current assets29/58 | €67,216 | €71,727 | €62,721 | €53,739 | €50,183 | ▼ 6.6% |
| Amounts receivable within one year40/41 | €15,865 | €22,574 | €24,375 | €19,551 | €21,924 | ▲ 12.1% |
| Trade receivables40 | €15,092 | €19,703 | €21,582 | €14,258 | €15,730 | ▲ 10.3% |
| Other amounts receivable41 | €773 | €2,871 | €2,793 | €5,293 | €6,194 | ▲ 17.0% |
| Cash at bank and in hand54/58 | €51,351 | €49,153 | €38,346 | €34,188 | €28,259 | ▼ 17.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €178,811 | €163,832 | €161,041 | €124,576 | €88,486 | ▼ 29.0% |
| Equity10/15 | €78,459 | €83,419 | €86,930 | €78,279 | €65,603 | ▼ 16.2% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €72,259 | €77,219 | €80,730 | €72,079 | €61,340 | ▼ 14.9% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €70,399 | €75,359 | €78,870 | €70,219 | €59,480 | ▼ 15.3% |
| Profit (loss) carried forward14 | - | - | - | - | -€1,937 | - |
| Amounts payable17/49 | €100,352 | €80,413 | €74,111 | €46,297 | €22,882 | ▼ 50.6% |
| Amounts payable after more than one year17 | €70,752 | €52,805 | €42,062 | €18,626 | €0 | ▼ 100% |
| Financial debts170/4 | €70,752 | €52,805 | €42,062 | €18,626 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €29,600 | €27,608 | €32,049 | €27,670 | €22,882 | ▼ 17.3% |
| Current portion of amounts payable after more than one year42 | €17,780 | €19,620 | €23,006 | €23,435 | €18,626 | ▼ 20.5% |
| Financial debts43 | - | - | €0 | - | - | - |
| Credit institutions430/8 | - | - | €0 | - | - | - |
| Trade debts44 | €1,976 | €3,756 | €5,734 | €870 | €2,435 | ▲ 180% |
| Suppliers440/4 | €1,976 | €3,756 | €5,734 | €870 | €2,435 | ▲ 180% |
| Taxes, remuneration and social security45 | €8,785 | €3,471 | €3,287 | €3,211 | €1,800 | ▼ 43.9% |
| Taxes450/3 | €8,785 | €3,471 | €3,287 | €3,211 | €1,800 | ▼ 43.9% |
| Other amounts payable47/48 | €1,058 | €761 | €23 | €154 | €20 | ▼ 86.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,828 | €4,959 | €3,511 | -€8,651 | -€12,676 | ▼ 46.5% |
| + Depreciation and write-downs630 | €14,095 | €24,410 | €28,839 | €31,695 | €31,094 | ▼ 1.9% |
| Operating cash flow (approximation) | €40,922 | €29,369 | €32,351 | €23,044 | €18,418 | ▼ 20.1% |
| Investment in fixed assets (approximation) | - | -€4,920 | -€35,054 | -€4,212 | €1,440 | ▲ 134% |
| Change in cash | - | -€2,198 | -€10,807 | -€4,158 | -€5,930 | ▼ 42.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€12,676
Net result drops to -€12,676, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Highest result since 2018net €26,828 ▲209%
Operating result €28,225, net result €26,828, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Aalst · 1 establishment unit since 2011
Ground area
919 m²
Building footprint
166 m²
Volume, LiDAR
845 m³
Parcel 41047A0276/00V000, Flanders · tallest building 9.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VOL - TRANS
since 20112.204.704.189
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41047A0276/00V000 | Flanders | 919 m² | 1 · 166 m² | 9.8 m · 1 fl. |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 322 EUR awarded · 321 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 53 EUR | 102 EUR |
| 2024 | 1 | 50 EUR | 0 EUR |
| 2023 | 1 | 126 EUR | 126 EUR |
| 2022 | 1 | 93 EUR | 93 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteAalst2.204.704.189
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HTP SOLUTIONS
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Malatra
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Of 12,583 companies in sector 49410 we hold annual accounts for 8,204. 6,168 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-04-2010
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0825061313
Also
9925:BE0825061313
Registered
12-02-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.