Checked.be
Active
BE 0809.159.152Private limited company
VOTRANS
Industrielaan 9 ·1070 Anderlecht, Belgium· 17 yrs active
Sector: Freight transport by road
(49410)
Conclusion
The computed 12-month bankruptcy probability of VOTRANS is 1.7% (moderate). The 2025 annual accounts show equity of €172k and a net result of €5k. Equity is growing by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 81% of 850 sector peers (fiscal year 2025). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €172k |
| Net result | €5k |
| Better than sector | 81% |
| Active | 17 yrs |
Financial profile
76
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
86
Profitability
14
Solvency
100
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2009, 17 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
86
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€15k
estimate, not credit advice
Score history
73
2021
100
2022
86
2023
94
2024
86
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 2.82 (≥ 1.5)
+10
Quick ratio
Quick ratio 2.82 (≥ 1.0)
+5
Leverage
Debt/equity 0.39 (< 1.0)
+10
Profitability
ROE 3%
+3
Interest coverage
Interest coverage 12.4× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 03-07-2026 with the NBB · fiscal year 2025 · full schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile
Too volatile to project: the yearly deviation from the trend is ~71% of the level (threshold 35%). We therefore deliberately show no projection line.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 49, Land transport and transport via pipelines · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 72.0% | 39.4% | |
| Net result | €5k | €52k | |
| Equity | €172k | €926k | |
| Gross operating margin | €203k | €758k | |
| Staff costs | €158k | €1.13M |
€32k
-24.8%
21-25
€5k
-71.6%
21-25
€25k
-18.8%
21-25
€239k
-10.8%
21-25
€172k
+2.8%
21-25
€122k
-0.8%
21-25
3
-
21-25
€158k
+48.0%
21-25
€4k
-56.2%
21-25
€67k
-33.4%
21-25
€67k
-33.4%
21-25
2.82
+26.9%
21-25
2.82
+26.9%
21-25
72.0%
+15.2%
21-25
0.39
-35.2%
21-25
2.7%
-72.4%
21-25
2.0%
-68.2%
21-25
12.40
-32.1%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | full schema | full schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €32k | €42k | €24k | €45k | €5k |
| Net profit | €5k | €17k | €8k | €21k | €-11k |
| Cash flow | €25k | €31k | €18k | €35k | €7k |
| Staff costs | €158k | €107k | €97k | €91k | €98k |
| Income taxes | €4k | €8k | €5k | €8k | €871 |
| Dividends | - | - | - | - | - |
| Total assets | €239k | €268k | €187k | €191k | €150k |
| Equity | €172k | €167k | €151k | €143k | €122k |
| Debt | €67k | €100k | €36k | €48k | €28k |
| of which ≤ 1y | €67k | €100k | €36k | €45k | €28k |
| of which > 1y | - | - | - | - | - |
| Working capital | €122k | €123k | €98k | €127k | €108k |
| Employees (FTE) | - | 3.0 | - | - | - |
Note: these years are not on the same basis. The filed schemas differ (full schema, micro schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 2.82 | 2.22 | 3.68 | 3.81 | 4.84 |
| Quick ratio | 2.82 | 2.22 | 3.68 | 3.81 | 4.84 |
| Working capital ratio | 51.0% | 45.8% | 52.2% | 66.7% | 72.2% |
| Solvency | 72.0% | 62.5% | 80.5% | 74.8% | 81.2% |
| Debt / equity | 0.39 | 0.60 | 0.24 | 0.34 | 0.23 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | 12.40 | 18.25 | 22.85 | 27.58 | 3.09 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 2.0% | 6.2% | 4.3% | 11.2% | -7.0% |
| ROE | 2.7% | 9.9% | 5.3% | 15.0% | -8.7% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €239k | €268k | €187k | €191k | €150k |
| Fixed assets | 21/28 | €50k | €45k | €53k | €18k | €14k |
| Tangible fixed assets | 22/27 | €49k | €44k | €52k | €18k | €14k |
| Financial fixed assets | 28 | €874 | €874 | €874 | - | - |
| Current assets | 29/58 | €189k | €223k | €134k | €173k | €136k |
| Amounts receivable within one year | 40/41 | €157k | €215k | €102k | €129k | €93k |
| Cash & bank | 54/58 | €32k | €8k | €23k | €43k | €43k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €239k | €268k | €187k | €191k | €150k |
| Equity | 10/15 | €172k | €167k | €151k | €143k | €122k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €95k | €95k | €95k | €95k | €95k |
| Accumulated profits (losses) | 14 | €59k | €54k | €37k | €29k | €8k |
| Amounts payable | 17/49 | €67k | €100k | €36k | €48k | €28k |
| Amounts payable within one year | 42/48 | €67k | €100k | €36k | €45k | €28k |
| Trade debts payable within one year | 44 | €11k | €31k | €18k | €20k | €7k |
| Income statement | ||||||
| Gross operating margin | 9900 | €203k | €187k | €144k | €172k | €125k |
| Operating result | 9901 | €11k | €27k | €14k | €31k | €-13k |
| Financial income | 75 | €0 | - | €0 | €2 | €5k |
| Financial charges | 65 | €3k | €2k | €1k | €2k | €2k |
| Result before taxes | 9903 | €8k | €25k | €13k | €30k | €-10k |
| Income taxes | 67/77 | €4k | €8k | €5k | €8k | €871 |
| Net result for the period | 9904 | €5k | €17k | €8k | €21k | €-11k |
| Result to be appropriated | 9905 | €5k | €17k | €8k | €21k | €-11k |
Directors & mandates
Current directors & mandates
-
AJBAR MohammedAdministrateur non statutaireState Gazette act 23322338 (14-03-2023)Current14-03-2023 → present
2 events
- 14-03-2023 Resigned· Gérant
- 14-03-2023 Appointed· Administrateur non statutaire
Legal Structure
| NACE primary | Freight transport by road(49410) |
| Legal form | Private limited company(610) |
| Incorporation | 16-01-2009 |
| Status | Active |
| Postal code | 1070 |
Establishment units
Votrans
since 20092.176.716.325
Real-estate footprint
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21306C0289/00B004 | Brussels | 9,782 m² | 1 · 4,538 m² | 28.4 m · 7 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 26 days late
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €151k ▲5.6%
2 profitable years in a row build equity to €151k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
14-03
State Gazette act
Director changes
v3.2
2022
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
08-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 69 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Belgisch Staatsblad, acts
All acts · 1
updated 3 years ago
2023
14-03-2023 1 director appointed, 1 resigning
- AJBAR Mohammed, Administrateur non statutaire
- AJBAR Mohammed, Gérant
Summary:
v3.2
Technical details
{
"events": [
{
"kind": "director_out",
"role": "g\u00E9rant",
"person": {
"rrn": null,
"name": "AJBAR Mohammed",
"address": null,
"birth_date": null
}
},
{
"kind": "director_in",
"role": "administrateur non statutaire",
"person": {
"rrn": null,
"name": "AJBAR Mohammed",
"address": null,
"birth_date": null
}
}
],
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "0809.159.152",
"name_full": "VOTRANS"
}
}Credit advice
Company registry (CBE)
Activities
Freight transport by road49410
Names & trade names
| Legal nameFR | VOTRANS |
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