Checked.be
Active
BE 0459.564.422Private limited company
LOVATRANS
Vlaestraat 14A ·8610 Kortemark, Belgium· 29 yrs active
Sector: Freight transport by road
(49410)
Conclusion
LOVATRANS has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €170k and a net result of €9k. Equity is growing by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 78% of 4219 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €170k |
| Net result | €9k |
| Better than sector | 78% |
| Active | 29 yrs |
Financial profile
78
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
86
Profitability
27
Solvency
100
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1997, 29 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
86
2021
91
2022
100
2023
86
2024
86
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 3.92 (≥ 1.5)
+10
Quick ratio
Quick ratio 3.92 (≥ 1.0)
+5
Leverage
Debt/equity 0.42 (< 1.0)
+10
Profitability
ROE 5%
+3
Interest coverage
Interest coverage 12.2× (≥ 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 26-05-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~6.6%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
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 (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 69.4% | 39.2% | |
| Net result | €9k | €6k | |
| Equity | €170k | €38k | |
| Gross operating margin | €76k | €41k | |
| Total assets | €245k | €114k |
€51k
-14.8%
21-25
€9k
-39.6%
21-25
€42k
-12.8%
21-25
€245k
-12.3%
21-25
€170k
+4.7%
21-25
€131k
+6.5%
21-25
€6k
-30.9%
21-25
€2k
0.0%
21-25
€72k
-36.0%
21-25
€45k
-28.2%
21-25
€27k
-43.4%
21-25
3.92
+32.1%
21-25
3.92
+32.1%
21-25
69.4%
+19.3%
21-25
0.42
-38.9%
21-25
5.5%
-42.3%
21-25
3.8%
-31.1%
21-25
12.17
-20.7%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €51k | €59k | €96k | €36k | €51k |
| Net profit | €9k | €15k | €45k | €10k | €9k |
| Cash flow | €42k | €49k | €78k | €29k | €45k |
| Staff costs | - | - | - | - | - |
| Income taxes | €6k | €9k | €9k | €6k | €5k |
| Dividends | €2k | €2k | €17k | €25k | €23k |
| Total assets | €245k | €279k | €297k | €197k | €246k |
| Equity | €170k | €162k | €149k | €121k | €136k |
| Debt | €72k | €112k | €143k | €76k | €110k |
| of which ≤ 1y | €45k | €63k | €70k | €64k | €81k |
| of which > 1y | €27k | €47k | €72k | €12k | €29k |
| Working capital | €131k | €123k | €103k | €108k | €120k |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 3.92 | 2.97 | 2.46 | 2.69 | 2.49 |
| Quick ratio | 3.92 | 2.97 | 2.46 | 2.69 | 2.49 |
| Working capital ratio | 53.6% | 44.1% | 34.5% | 54.7% | 49.1% |
| Solvency | 69.4% | 58.1% | 49.9% | 61.4% | 55.2% |
| Debt / equity | 0.42 | 0.69 | 0.96 | 0.63 | 0.81 |
| Long-term debt ratio | 0.16 | 0.29 | 0.49 | 0.10 | 0.21 |
| Interest coverage | 12.17 | 15.35 | 27.70 | 29.65 | 32.81 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 3.8% | 5.5% | 15.0% | 5.3% | 3.7% |
| ROE | 5.5% | 9.5% | 30.0% | 8.6% | 6.7% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (24 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 | €245k | €279k | €297k | €197k | €246k |
| Fixed assets | 21/28 | €69k | €93k | €125k | €25k | €44k |
| Tangible fixed assets | 22/27 | €69k | €93k | €125k | €25k | €44k |
| Current assets | 29/58 | €176k | €186k | €173k | €172k | €201k |
| Amounts receivable within one year | 40/41 | €35k | €103k | €91k | €74k | €83k |
| Cash & bank | 54/58 | €130k | €74k | €71k | €89k | €100k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €245k | €279k | €297k | €197k | €246k |
| Equity | 10/15 | €170k | €162k | €149k | €121k | €136k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €151k | €144k | €130k | €103k | €117k |
| Accumulated profits (losses) | 14 | €0 | €0 | €0 | €0 | €0 |
| Provisions & deferred taxes | 16 | €3k | €5k | €6k | - | - |
| Amounts payable | 17/49 | €72k | €112k | €143k | €76k | €110k |
| Amounts payable after one year | 17 | €27k | €47k | €72k | €12k | €29k |
| Amounts payable within one year | 42/48 | €45k | €63k | €70k | €64k | €81k |
| Trade debts payable within one year | 44 | €14k | €12k | €14k | €12k | €10k |
| Income statement | ||||||
| Gross operating margin | 9900 | €76k | €62k | €99k | €37k | €53k |
| Operating result | 9901 | €18k | €26k | €63k | €17k | €15k |
| Financial income | 75 | €496 | €357 | €290 | - | €0 |
| Financial charges | 65 | €4k | €4k | €3k | €1k | €2k |
| Result before taxes | 9903 | €14k | €23k | €59k | €16k | €14k |
| Income taxes | 67/77 | €6k | €9k | €9k | €6k | €5k |
| Net result for the period | 9904 | €9k | €15k | €45k | €10k | €9k |
| Result to be appropriated | 9905 | €15k | €21k | €20k | €10k | €9k |
Legal Structure
| NACE primary | Freight transport by road(49410) |
| Legal form | Private limited company(610) |
| Incorporation | 08-01-1997 |
| Status | Active |
| Postal code | 8610 |
Establishment units
Vlaestraat 14 A, 8610 Kortemark
since 19972.080.463.720
Real-estate footprint
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32027B0560/00E000 | Flanders | 2,292 m² | 1 · 148 m² | - |
| 32027B0550/00C000 | Flanders | 1,548 m² | 1 · 143 m² | 9.0 m · 2 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
26-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
07-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150kEq €162k ▲9.2%
4 profitable years in a row build equity to €162k.
10-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2021net €45k ▲326%
Operating result €63k, net result €45k, both a record.
03-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB 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.
Credit advice
Company registry (CBE)
Activities
Freight transport by road49410
Names & trade names
| Legal nameNL | LOVATRANS |
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