Off We Go
ActiveSummary
Off We Go has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€13,270) and a net result of €3,324. Equity is shrinking by ~35% per year across the filed fiscal years. Its solvency ranks better than 9% of 1886 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability38▲+18
Solvency19=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.88 against 0.77 in 2024; short-term debt: 100.7% and cash: 12.2% of total assets), and equity is negative.
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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
-5.8%
Return on assets
1.5%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 1886 sector peers (2025).
NBB · sector comparisonPosition among 1886 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-03-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 d early
2024
2 d early
2023
26 d early
2022
33 d early
2021
18 d early
2020
22 d early
2019
30 d early
← 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 24 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 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 5 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€13,270▲ 20.0%
2024 · -€16,594
Total assets
€229,157▼ 18.7%
2024 · €281,914
Net result
€3,324
2024 · -€25,592
Working capital
-€26,946▲ 55.3%
2024 · -€60,339
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€13,417▼ 26.9%-€15,236€7,062-€13,607€21,135
Net result-€6,012below the sector's middle half-€36,236below the sector's middle half▼ 503%-€1,231below the sector's middle half▲ 96.6%-€25,592below the sector's middle half▼ 1,979%€3,324within the sector's middle half
Equity€46,465below the sector's middle half▼ 11.5%€10,229below the sector's middle half▼ 78.0%€8,998below the sector's middle half▼ 12.0%-€16,594below the sector's middle half-€13,270below the sector's middle half▲ 20.0%
Total assets€479,430below the sector's middle half▼ 21.3%€452,027below the sector's middle half▼ 5.7%€289,586below the sector's middle half▼ 35.9%€281,914below the sector's middle half▼ 2.6%€229,157within the sector's middle half▼ 18.7%
Debt€432,965▼ 22.2%€441,798▲ 2.0%€280,589▼ 36.5%€298,507▲ 6.4%€242,427▼ 18.8%
Working capital-€59,056below the sector's middle half▼ 10.2%-€52,782below the sector's middle half▲ 10.6%-€63,510below the sector's middle half▼ 20.3%-€60,339below the sector's middle half▲ 5.0%-€26,946below the sector's middle half▲ 55.3%
Solvency9.7%below the sector's middle half▲ 1.1pp2.3%below the sector's middle half▼ 7.4pp3.1%below the sector's middle half▲ 0.8pp-5.9%below the sector's middle half▼ 9.0pp-5.8%below the sector's middle half▲ 0.1pp
Current ratio0.80below the sector's middle half▼ 0.040.85below the sector's middle half▲ 0.050.74below the sector's middle half▼ 0.110.77below the sector's middle half▲ 0.030.88below the sector's middle half▲ 0.11
Return on assets (ROA)-1.3%below the sector's middle half▼ 1.3pp-8.0%below the sector's middle half▼ 6.8pp-0.4%below the sector's middle half▲ 7.6pp-9.1%below the sector's middle half▼ 8.7pp1.5%within the sector's middle half▲ 10.5pp
Staff (FTE)10.9within the sector's middle half▼ 4.4%9.1within the sector's middle half▼ 16.5%8.1within the sector's middle half▼ 11.0%6.9within the sector's middle half▼ 14.8%5.5within the sector's middle half▼ 20.3%
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 abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €21,135 after a loss of €13,607 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €229,157
Fixed assets
€25,258 ▼ 68.1%
Current assets
€203,899 ▲ 0.6%
Key figures and ratios
EBITDA
€37,142▲
2024 · €18,145
Cash flow
€19,330▲
2024 · €6,161
Debt to equity
-18.27▼
2024 · -17.99
Interest coverage
2.08▲
2024 · 1.51
Debt ≤ 1 year
€230,845▼
2024 · €263,108
Debt > 1 year
€9,248▼
2024 · €32,610
Income taxes
€0▼
2024 · €1
Staff costs
€239,939▼
2024 · €295,552
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,379 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit under 5% of the balance sheet
2.4%
went bankrupt
3.2%
stopped otherwise
94%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% 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 1,379 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €438,448 | €394,556 | €334,611 | €295,552 | €239,939 | ▼ 18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €102,571 | €69,999 | €51,896 | €31,752 | €16,006 | ▼ 49.6% |
| Other operating charges640/8 | €15,252 | €16,091 | €9,686 | €6,026 | €13,168 | ▲ 119% |
| Gross operating margin9900 | €569,688 | €465,410 | €403,255 | €319,723 | €290,249 | ▼ 9.2% |
| Operating profit (loss)9901 | €13,417 | -€15,236 | €7,062 | -€13,607 | €21,135 | ▲ 255% |
| Financial income75/76B | €5,745 | €0 | €858 | €31 | €41 | ▲ 34.3% |
| Recurring financial income75 | €5,745 | €0 | €858 | €31 | €41 | ▲ 34.3% |
| Financial charges65/66B | €25,174 | €21,000 | €9,151 | €12,013 | €17,852 | ▲ 48.6% |
| Recurring financial charges65 | €9,873 | €9,292 | €9,151 | €12,013 | €17,852 | ▲ 48.6% |
| Non-recurring financial charges66B | €15,300 | €11,709 | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€6,012 | -€36,236 | -€1,231 | -€25,590 | €3,324 | ▲ 113% |
| Income taxes67/77 | - | - | - | €1 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€6,012 | -€36,236 | -€1,231 | -€25,592 | €3,324 | ▲ 113% |
| Profit (loss) for the period to be appropriated9905 | -€6,012 | -€36,236 | -€1,231 | -€25,592 | €3,324 | ▲ 113% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €479,430 | €452,027 | €289,586 | €281,914 | €229,157 | ▼ 18.7% |
| Fixed assets21/28 | €248,131 | €161,154 | €109,259 | €79,145 | €25,258 | ▼ 68.1% |
| Tangible fixed assets22/27 | €240,140 | €153,297 | €101,402 | €71,598 | €24,183 | ▼ 66.2% |
| Furniture and vehicles24 | €60,146 | €27,091 | €13,431 | €6,527 | €24,183 | ▲ 271% |
| Leasing and similar rights25 | €179,994 | €126,206 | €87,970 | €65,071 | €0 | ▼ 100% |
| Financial fixed assets28 | €7,992 | €7,857 | €7,857 | €7,547 | €1,075 | ▼ 85.8% |
| Current assets29/58 | €231,298 | €290,872 | €180,328 | €202,769 | €203,899 | ▲ 0.6% |
| Amounts receivable within one year40/41 | €169,869 | €209,079 | €96,976 | €105,615 | €123,740 | ▲ 17.2% |
| Trade receivables40 | €169,869 | €204,691 | €94,906 | €100,675 | €72,177 | ▼ 28.3% |
| Other amounts receivable41 | - | €4,388 | €2,070 | €4,940 | €51,564 | ▲ 944% |
| Cash at bank and in hand54/58 | €10,017 | €10,652 | €11,874 | €32,779 | €28,062 | ▼ 14.4% |
| Deferred charges and accrued income490/1 | €51,412 | €71,142 | €71,478 | €64,375 | €52,096 | ▼ 19.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €479,430 | €452,027 | €289,586 | €281,914 | €229,157 | ▼ 18.7% |
| Equity10/15 | €46,465 | €10,229 | €8,998 | -€16,594 | -€13,270 | ▲ 20.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €37,760 | €37,760 | €37,760 | €37,760 | €37,760 | = |
| 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 | = |
| Tax-exempt reserves132 | €35,900 | €35,900 | €35,900 | €35,900 | €35,900 | = |
| Profit (loss) carried forward14 | -€9,895 | -€46,131 | -€47,362 | -€72,954 | -€69,630 | ▲ 4.6% |
| Amounts payable17/49 | €432,965 | €441,798 | €280,589 | €298,507 | €242,427 | ▼ 18.8% |
| Amounts payable after more than one year17 | €138,760 | €93,941 | €32,025 | €32,610 | €9,248 | ▼ 71.6% |
| Financial debts170/4 | €138,760 | €93,941 | €32,025 | €32,610 | €9,248 | ▼ 71.6% |
| Amounts payable within one year42/48 | €290,355 | €343,654 | €243,838 | €263,108 | €230,845 | ▼ 12.3% |
| Current portion of amounts payable after more than one year42 | €104,275 | €112,600 | €79,174 | €47,874 | €23,362 | ▼ 51.2% |
| Financial debts43 | €90,000 | €110,000 | €110,000 | €150,000 | €10,064 | ▼ 93.3% |
| Credit institutions430/8 | €90,000 | €110,000 | €110,000 | €150,000 | €10,064 | ▼ 93.3% |
| Trade debts44 | €40,848 | €77,659 | €21,462 | €33,718 | €32,278 | ▼ 4.3% |
| Suppliers440/4 | €40,848 | €77,659 | €21,462 | €33,718 | €32,278 | ▼ 4.3% |
| Taxes, remuneration and social security45 | €55,232 | €43,395 | €33,203 | €31,515 | €35,141 | ▲ 11.5% |
| Taxes450/3 | €3,597 | €576 | €642 | €663 | €8,825 | ▲ 1,232% |
| Remuneration and social security454/9 | €51,635 | €42,819 | €32,561 | €30,853 | €26,316 | ▼ 14.7% |
| Other amounts payable47/48 | - | - | - | - | €130,000 | - |
| Accrued charges and deferred income492/3 | €3,850 | €4,203 | €4,726 | €2,790 | €2,334 | ▼ 16.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,012 | -€36,236 | -€1,231 | -€25,592 | €3,324 | ▲ 113% |
| + Depreciation and write-downs630 | €102,571 | €69,999 | €51,896 | €31,752 | €16,006 | ▼ 49.6% |
| Operating cash flow (approximation) | €96,559 | €33,763 | €50,665 | €6,161 | €19,330 | ▲ 214% |
| Investment in fixed assets (approximation) | - | €16,978 | €0 | -€1,638 | €37,880 | ▲ 2,412% |
| Change in cash | - | €635 | €1,222 | €20,905 | -€4,716 | ▼ 123% |
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
24-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Back to profitnet €3,324
Net result €3,324 after 4 loss-making years.
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
04-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Weakest financial yearnet -€36,236
Net result drops to -€36,236, the lowest in the series; recovery starts the following year.
12-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
08-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
20-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-03
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.
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, Alken · 1 establishment unit since 2008
Ground area
909 m²
Building footprint
136 m²
Volume, LiDAR
810 m³
Parcel 73001H0434/00S000, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Off We Go
since 20082.170.796.256
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73001H0434/00S000 | Flanders | 909 m² | 1 · 136 m² | 10.6 m · 2 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.
Structure & network
Owners and holdings
1 ownerChain of control
- LASSUP
- Off We Go
Highest known parent: LASSUP. The sources do not say who stands above it.
Owners 1
- LASSUPparent99.46%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 44,264 EUR awarded · 44,264 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 8,143 EUR | 8,143 EUR |
| 2024 | 2 | 9,750 EUR | 9,750 EUR |
| 2023 | 1 | 12,854 EUR | 12,854 EUR |
| 2022 | 2 | 13,517 EUR | 13,517 EUR |
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Of 12,583 companies in sector 49410 we hold annual accounts for 8,204. 3,716 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 (pre-2019)
Founded14-04-2008
Fiscal year end30-09
Activities, NACEBEL 2025
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0897229016
Also
9925:BE0897229016
Registered
22-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.