TRANNEX
ActiveTRANNEX has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €508k and a net result of €10k. Equity is growing by ~13.9% per year across the filed fiscal years. Its solvency ranks better than 16% of 4827 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
66
/ 100
Healthy▼ -15 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability9▼-60
Solvency33▼-4
Growth85=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 1.56 against 1.77 in 2024), but 86.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Ten signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
13.9%
Return on assets
0.3%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 4827 sector peers (2025).
NBB · sector comparisonPosition among 4827 sector peers
Solvency
better than 16%
← weakest
strongest →
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
65 d late
2022
56 d early
2021
46 d early
2020
27 d late
2019
14 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€2.82M▲ 31.3%
2018 · €2.15M
2018: €2.15M
2018 → 2019
EBIT margin
-0.5%▼ 0.9pp
2018 · 0.4%
2018: 0.4%
2018 → 2019
Net result
€10k▼ 86.2%
2024 · €69k
2018: €-20k
2019: €-72k
2020: €14k
2021: €81k
2022: €74k
2023: €-38k
2024: €69k
2018 → 2025
Working capital
€1.05M▼ 22.1%
2024 · €1.35M
2018: €225k
2019: €112k
2020: €248k
2021: €413k
2022: €353k
2023: €1.30M
2024: €1.35M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€306k-€381k▲ 24.3%€343k▼ 10.0%€499k▲ 45.5%€508k▲ 1.9%
Operating result€160k-€167k▲ 4.6%€50k▼ 70.2%€195k▲ 293%€136k▼ 30.6%
Net result€81k-€74k▼ 7.6%€-38k€69k€10k▼ 86.2%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 31% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.65M
Fixed assets
€721k▼ 4.7%
Current assets
€2.93M▼ 6.2%
Equity and liabilities €3.65M
Equity
€508k▲ 1.9%
Debt
€3.14M▼ 7.0%
The debt ratio falls from 87.1% to 86.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€440k▼
2024 · €491k
Cash flow
€314k▼
2024 · €364k
Solvency
13.9%▲
2024 · 12.9%
Current ratio
1.56▼
2024 · 1.77
Quick ratio
1.16▼
2024 · 1.29
Debt / equity
6.18▼
2024 · 6.77
ROE
1.9%▼
2024 · 13.8%
ROA
0.3%▼
2024 · 1.8%
Interest coverage
3.46▼
2024 · 3.64
Debt
€3.14M▼
2024 · €3.38M
Debt ≤ 1 year
€1.87M▲
2024 · €1.76M
Debt > 1 year
€1.25M▼
2024 · €1.59M
Income taxes
€17k▼
2024 · €32k
Staff costs
€909k▼
2024 · €937k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.87M€3.65M▼
Fixed assets21/28€756k€721k▼
Intangible fixed assets21€218k€234k▲
Tangible fixed assets22/27€538k€487k▼
Plant, machinery and equipment23€17k€14k▼
Furniture and vehicles24€312k€282k▼
Leasing and similar rights25€173k€160k▼
Other tangible fixed assets26€36k€31k▼
Financial fixed assets28€50€50=
Current assets29/58€3.12M€2.93M▼
Amounts receivable after more than one year29€601k€482k▼
Other amounts receivable291€601k€482k▼
Stocks and contracts in progress3€850k€754k▼
Stocks30/36€850k€754k▼
Amounts receivable within one year40/41€1.49M€1.53M▲
Trade receivables40€1.47M€1.47M▼
Other amounts receivable41€21k€62k▲
Cash at bank and in hand54/58€145k€131k▼
Deferred charges and accrued income490/1€30k€27k▼
Equity and liabilities
Total equity and liabilities10/49€3.87M€3.65M▼
Equity10/15€499k€508k▲
Contributions10/11€180k€180k=
Capital10€180k€180k=
Issued capital100€180k€180k=
Reserves13€18k€18k=
Non-distributable reserves130/1€18k€18k=
Legal reserve130€18k€18k=
Profit (loss) carried forward14€301k€310k▲
Amounts payable17/49€3.38M€3.14M▼
Amounts payable after more than one year17€1.59M€1.25M▼
Financial debts170/4€1.59M€1.25M▼
Amounts payable within one year42/48€1.76M€1.87M▲
Current portion of amounts payable after more than one year42€297k€285k▼
Financial debts43€503k€762k▲
Credit institutions430/8€503k€762k▲
Trade debts44€261k€58k▼
Suppliers440/4€261k€58k▼
Taxes, remuneration and social security45€150k€132k▼
Taxes450/3€23k€27k▲
Remuneration and social security454/9€127k€105k▼
Other amounts payable47/48€553k€633k▲
Accrued charges and deferred income492/3€23k€14k▼
Income statement
Code20242025
Non-recurring operating income76A€6k€2k▼
Remuneration, social security and pensions62€937k€909k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€295k€304k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€3k€0▼
Other operating charges640/8€15k€13k▼
Non-recurring operating charges66A€1k€17▼
Gross operating margin9900€1.45M€1.36M▼
Operating profit (loss)9901€195k€136k▼
Financial income75/76B€41k€18k▼
Recurring financial income75€41k€18k▼
Financial charges65/66B€135k€127k▼
Recurring financial charges65€135k€127k▼
Profit (loss) for the period before taxes9903€101k€27k▼
Income taxes67/77€32k€17k▼
Profit (loss) for the period9904€69k€10k▼
Profit (loss) for the period to be appropriated9905€69k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€305k€310k▲
Profit (loss) brought forward from the previous period14P€236k€301k▲
Transfer to equity691/2€4k€0▼
To the legal reserve6920€4k€0▼
Social balance
Average headcount (FTE)908717.316.8▼
The notes to these accounts (24 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €500kEq €508k ▲1.9%
2 profitable years in a row build equity to €508k.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €69k
Net result €69k after one loss-making year.
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 65 days late
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €81k ▲458%
Net result €81k, the highest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 27 days late
2020
31-12
Financial
Back to profitnet €14k
Net result €14k after 2 loss-making years.
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 14 days late
2019
31-12
Financial
Weakest financial yearnet €-72k
Net result drops to €-72k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 24 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Mont-Saint-Guibert · 2 establishment units since 1985
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue des Sablières 451435 Mont-Saint-GuibertGround area
997 m²
Building footprint
96 m²
Volume, LiDAR
487 m³
Parcel 25068B0069/00L000, Wallonia · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
TRANNEX
since 19852.026.960.993
TRANNEX
since 20232.373.767.370
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25068B0069/00L000 | Wallonia | 997 m² | 1 · 96 m² | 6.6 m · 2 fl. |
Linked by address, not proof of ownership
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.
Recognitions · licences · registrations
Legal Entity Identifier
875500ZSCVAXO6VDAP70
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Of 248 companies in sector 46432 we hold annual accounts for 170. 119 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded25-03-1985
Fiscal year end31-12
Activities, NACEBEL
46432Wholesale trade
51473
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.