Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of Rtrans is 0.7% (low). The 2025 annual accounts show equity of €2.63M and a net result of €172k. Equity is growing by ~17.9% per year across the filed fiscal years. Its solvency ranks better than 50% of 59 sector peers (fiscal year 2025). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 8 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.7%
Low
0%0,5%1,5%4%10%≥25%
Higher-failure-rate sector
+Long track record
−Annual accounts: healthy financial profile
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Signals
2 signals · with evidenceConsistently profitable
Positive net result in the two most recent financial years (2024 and 2025).
View the result trend Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
View the equity trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideLatest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-03-2026, 122 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
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.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | 31-03-2026 | 122 d early | 2026-00068604 |
| 31-12-2024 | 31-07-2025 | 15-05-2025 | 77 d early | 2025-00096352 |
| 31-12-2023 | 31-07-2024 | 12-07-2024 | 19 d early | 2024-00239609 |
| 31-12-2022 | 31-07-2023 | 07-07-2023 | 24 d early | 2023-00220934 |
| 31-12-2021 | 31-07-2022 | 15-07-2022 | 16 d early | 2022-20189936 |
| 31-12-2020 | 31-07-2021 | 14-07-2021 | 17 d early | 2021-35600098 |
| 31-12-2019 | 31-07-2020 | 13-07-2020 | 18 d early | 2020-30300554 |
| 31-12-2018 | 31-07-2019 | 23-05-2019 | 69 d early | 2019-14100002 |
| 31-12-2017 | 31-07-2018 | 18-07-2018 | 13 d early | 2018-34700067 |
| 31-12-2016 | 31-07-2017 | 19-07-2017 | 12 d early | 2017-34000429 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsLong-established
Founded in 2002, 24 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 administrative flags
Financials
Turnover€5.44M+3.2%
EBIT margin6.0%-1.4pp
Net result€172k-71.3%
Working capital€-1.17M-41.8%
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 31-03-2026 with the NBB · fiscal year 2025 · verkort
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~17.9%/year over 8 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 · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 19.1% | 18.5% | |
| Net result | €172k | €26k | |
| Equity | €2.63M | €123k | |
| Gross operating margin | €6.12M | €337k | |
| Staff costs | €2.85M | €338k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P50
Improving position over 2020-2025
· n=59-195
P90
Improving position over 2020-2025
· n=59-195
P95
Stable position over 2020-2025
· n=59-195
P95
Stable position over 2020-2025
· n=59-195
Describes the position versus peers, not a forecast.
€5.44M
+3.2%
18-25
€2.53M
-7.1%
18-25
€172k
-71.3%
18-25
€2.03M
-9.8%
18-25
€13.80M
+4.6%
18-25
€2.63M
+2.8%
18-25
€-1.17M
-41.8%
18-25
35
-4.4%
18-25
€2.85M
+3.0%
18-25
€69k
+42.0%
18-25
€100k
+66.7%
18-25
€11.16M
+5.1%
18-25
€4.29M
+18.7%
18-25
€6.86M
-1.9%
18-25
0.73
-5.7%
18-25
0.72
-5.6%
18-25
19.1%
-1.8%
18-25
4.24
+2.2%
18-25
6.5%
-72.1%
18-25
1.2%
-72.6%
18-25
1.8%
-29.4%
18-25
17.8%
-0.3%
18-25
5.82
-9.2%
18-25
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €2.53M |
| Net profit | €172k |
| Cash flow | €2.03M |
| Staff costs | €2.85M |
| Income taxes | €69k |
| Dividends | €100k |
| Total assets | €13.80M |
| Equity | €2.63M |
| Debt | €11.16M |
| of which ≤ 1y | €4.29M |
| of which > 1y | €6.86M |
| Working capital | €-1.17M |
| Employees (FTE) | 34.6 |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 0.73 |
| Quick ratio | 0.72 |
| Working capital ratio | -8.5% |
| Solvency | 19.1% |
| Debt / equity | 4.24 |
| Long-term debt ratio | 2.61 |
| Interest coverage | 5.82 |
| Gross margin | - |
| Net margin | - |
| ROA | 1.2% |
| ROE | 6.5% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €13.80M |
| Fixed assets | 21/28 | €10.67M |
| Tangible fixed assets | 22/27 | €10.67M |
| Financial fixed assets | 28 | €3k |
| Current assets | 29/58 | €3.13M |
| Stocks & contracts in progress | 3 | €15k |
| Amounts receivable within one year | 40/41 | €2.67M |
| Cash & bank | 54/58 | €387k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €13.80M |
| Equity | 10/15 | €2.63M |
| Contributions / capital | 10/11 | €19k |
| Reserves | 13 | €2.62M |
| Accumulated profits (losses) | 14 | €620 |
| Provisions & deferred taxes | 16 | €978 |
| Amounts payable | 17/49 | €11.16M |
| Amounts payable after one year | 17 | €6.86M |
| Amounts payable within one year | 42/48 | €4.29M |
| Trade debts payable within one year | 44 | €1.85M |
| Income statement | ||
| Gross operating margin | 9900 | €6.12M |
| Operating result | 9901 | €674k |
| Financial income | 75 | €1k |
| Financial charges | 65 | €435k |
| Result before taxes | 9903 | €240k |
| Income taxes | 67/77 | €69k |
| Net result for the period | 9904 | €172k |
| Result to be appropriated | 9905 | €172k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2025 · computed41
/ 100
Weak
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.
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Directors
Directors & mandates
5 directorsCurrent directors & mandates
-
Current01-07-2022 → present
Historic, not recently confirmed (1)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
-
Not recently confirmedlast confirmed in an act from 2020
Former directors (3)
-
Former19-05-2020 → 01-07-2022
3 events
- 01-07-2022 Resigned· Director
- 19-05-2020 Resigned· Director
- 19-05-2020 Mandate renewed· Director
-
Former- → 19-05-2020
-
Former- → 23-10-2019
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Goederenvervoer over de weg(49410) |
| Legal form | Private limited company(610) |
| Incorporation | 13-08-2002 |
| Status | Active |
| Postal code | 8210 |
Structure & network
Connections & network
2 connected companiesGroup structure
Parent · 1 subsidiary · 1 location
Control→
Network connections
Shared address
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Locations & real estate
Establishment units
1 locationRTRANS
since 20022.115.331.161
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area3.8 ha
Buildings1
Building footprint2,387 m²
Volume (LiDAR)4,465 m³
Tallest building12.2 m
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31040D0715/00A000 | Flanders | 3.8 ha | 1 · 2,387 m² | 12.2 m |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
9 acts Address history · 3
14-07-2022
v3.2
19-11-2019
v3.2
14-05-2019
v3.2
All acts · 9
updated 2 months ago
2026
10-06-2026 General meeting · Statute amendment · Purpose change · Power of attorney
- Filing: 2026-06-08 · Rtrans
- General meeting: 2026-06-05 · Rtrans
- Statute amendment: STATUTEN (VERTALING, COORDINATIE, OVERIGE WIJZIGINGEN), DOEL · Rtrans
- Purpose change: De vennootschap heeft als voorwerp, zowel in België als in het buitenland, in eigen naam en voor eigen rekening als in naam en voor rekening van derden, alleen of in samenwerking met derden, als vertegenwoordiger, tussenpersoon of commissionair: - alles wat rechtstreeks of onrechtstreeks verband houdt met de uitbating van een transportbedrijf... · Rtrans
- Statute amendment: Artikel 7 (Stortingsplicht) · Rtrans
- Statute amendment: Artikel 8 (Voorkeurrecht bij vruchtgebruik) · Rtrans
- Statute amendment: Artikel 19bis (Schriftelijke algemene vergadering) · Rtrans
- Statute amendment: Artikel 19ter (Elektronische algemene vergadering) · Rtrans
- Statute amendment: Artikel 29 (Netting) · Rtrans
- Power of attorney: lasthebber ad hoc · Rtrans
- Notarial deed: 2026-06-05 · Rtrans
- Publication: 2026-06-10
- Act object: STATUTEN (VERTALING, COORDINATIE, OVERIGE
Summary:
General meeting · Statute amendment · Purpose change · Power of attorneyNotary:
Niels BOURGOIS
2022
02-12-2022 1 director appointed, 1 resigning
14-07-2022 Registered office moved within Zedelgem
2020
19-05-2020 1 director appointed, 2 resigning, 1 reappointed
- SPRIET Isabelle, Bestuurder
- ROPSAERT Steven, Bestuurder
- DENDOOVEN Dirk, Bestuurder
- DENDOOVEN Dirk, Bestuurder
Summary:
v3.2
2019
21-11-2019 Steven ROTSAERT resigns as manager
19-11-2019 Registered office moved within Zedelgem
- Remi Claeysstraat 23, 8210 Zedelgem → Rembertstraat 31, 8210 Zedelgem
Summary:
v3.2
22-05-2019 Change in the board of directors
Summary:
v3.2
14-05-2019 Registered office moved within Zedelgem
- Schatting 59, 8210 Zedelgem → Remi Claeysstraat 23, 8210 Zedelgem
Summary:
v3.2
2015
15-07-2015 Change in the board of directors
Summary:
v3.2
Analysis
Snowflake analysis
financial profile on 5 axes52
/ 100
Mixed profile: strong on stability, weaker on solvency.
All 5 axes are computed from data Checked has read.
Health
41
Profitability
33
Solvency
18
Growth
66
Stability
100
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Credit advice
verdict per customer and amountSimilar
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Company registry (CBE)
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Primary activity highlighted.
Names & trade names
| Legal nameNL | Rtrans |
Registered office
Schatting 59
8210 Zedelgem, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.