TRANS&WALL

Active

Cooperative companyfounded 20196 yrs activeRue Malevé 5, 5300 Andenne, BelgiumKBO/BCE: BE 0739.943.615

TRANS&WALL has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.79M and a net result of €448k. Equity is growing by ~26.7% per year across the filed fiscal years. Its solvency ranks better than 89% of 279 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

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Checked score

Score 2025

72 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability23▼-27

Solvency100=

Growth78=

Track record100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €700k at 30 days acceptable

Liquidity ample (current ratio 2.68 against 2.26 in 2024; short-term debt: 3.4% and cash: 5.1% of total assets), and 17.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 35

Relative position

BE, all sectors

reference

Sector 35

lower

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

82.9%

Return on assets

3.8%

Age of the figures

9 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

A punctual record breaks

This company filed 6 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.

NBB · 7 filings

Deviation from the deadline

2025

10 d late

2024

on the day

2023

16 d early

2022

11 d early

2021

21 d early

2020

40 d early

2019

79 d early

← before the deadline after the deadline →

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 months

Position in the running window

21-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€448k▼ 89.5%

2024 · €4.26M

2019: €-48 2020: €200k 2021: €228k 2022: €196k 2023: €327k 2024: €4.26M

2019 → 2025

Working capital

€677k▲ 32.7%

2024 · €510k

2020: €296k 2021: €1.94M 2022: €2.19M 2023: €484k 2024: €510k

2020 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€4.70M-€4.99M▲ 6.2%€5.27M▲ 5.5%€9.42M▲ 78.8%€9.79M▲ 3.9%

Operating result€-251k-€-215k▲ 14.3%€-264k▼ 22.8%€-195k▲ 26.0%€-331k▼ 69.5%

Net result€228k-€196k▼ 13.8%€327k▲ 66.4%€4.26M▲ 1,203%€448k▼ 89.5%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €331k in 2025 against €195k in 2024; the loss grows and 2025 has the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €11.81M

90.9%

Fixed assets €10.73M▲ 0.7%

Current assets €1.08M▲ 17.9%

Equity and liabilities €11.81M

82.9%

17.1%

Equity €9.79M▲ 3.9%

Debt €2.02M▼ 6.2%

The debt ratio falls from 18.6% to 17.1%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€-324k▼

2024 · €-193k

Cash flow

€455k▼

2024 · €4.26M

Solvency

82.9%▲

2024 · 81.4%

Current ratio

2.68▲

2024 · 2.26

Quick ratio

2.68▲

2024 · 2.26

Debt / equity

0.21▼

2024 · 0.23

ROE

4.6%▼

2024 · 45.2%

ROA

3.8%▼

2024 · 36.8%

Interest coverage

-6.82▼

2024 · -3.27

Debt

€2.02M▼

2024 · €2.15M

Debt ≤ 1 year

€403k▼

2024 · €406k

Debt > 1 year

€1.62M▼

2024 · €1.75M

Staff costs

€178k▲

2024 · €135k

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€11.57M€11.81M▲

Fixed assets21/28€10.66M€10.73M▲

Tangible fixed assets22/27€3k€73k▲

Land and buildings22-€70k

Furniture and vehicles24€3k€1k▼

Assets under construction and advance payments27-€2k

Financial fixed assets28€10.65M€10.65M=

Current assets29/58€916k€1.08M▲

Amounts receivable within one year40/41€203k€466k▲

Trade receivables40€197€0▼

Other amounts receivable41€203k€466k▲

Current investments50/53€0-

Cash at bank and in hand54/58€699k€601k▼

Deferred charges and accrued income490/1€13k€13k▲

Equity and liabilities

Total equity and liabilities10/49€11.57M€11.81M▲

Equity10/15€9.42M€9.79M▲

Contributions10/11€4.46M€4.49M▲

Revaluation surpluses12€26k€26k=

Reserves13€4.93M€5.27M▲

Non-distributable reserves130/1€3.93M€3.93M=

Other1319€3.93M€3.93M=

Distributable reserves133€1.00M€1.34M▲

Profit (loss) carried forward14€0€0=

Amounts payable17/49€2.15M€2.02M▼

Amounts payable after more than one year17€1.75M€1.62M▼

Financial debts170/4€1.75M€1.62M▼

Amounts payable within one year42/48€406k€403k▼

Current portion of amounts payable after more than one year42€250k€261k▲

Trade debts44€17k€6k▼

Suppliers440/4€17k€6k▼

Taxes, remuneration and social security45€30k€26k▼

Remuneration and social security454/9€30k€26k▼

Other amounts payable47/48€110k€110k=

Accrued charges and deferred income492/3€36€0▼

Income statement Code20242025

Remuneration, social security and pensions62€135k€178k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€7k▲

Other operating charges640/8€3k€628▼

Non-recurring operating charges66A-€7k

Gross operating margin9900€-55k€-137k▼

Operating profit (loss)9901€-195k€-331k▼

Financial income75/76B€4.56M€826k▼

Recurring financial income75€638k€826k▲

Non-recurring financial income76B€3.93M€0▼

Financial charges65/66B€109k€47k▼

Recurring financial charges65€59k€47k▼

Non-recurring financial charges66B€51k€0▼

Profit (loss) for the period before taxes9903€4.26M€448k▼

Profit (loss) for the period9904€4.26M€448k▼

Profit (loss) for the period to be appropriated9905€4.26M€448k▼

Appropriation of the result

Profit (loss) to be appropriated9906€4.26M€448k▼

Transfer to equity691/2€4.15M€338k▼

To other reserves6921€4.15M€338k▼

Profit to be distributed694/7€110k€110k=

Return on contributions (dividend)694€110k€110k=

Social balance

Average headcount (FTE)90871.01.0=

The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 3Gazette 2Filings 7

Next filing, fiscal year 2026, expected by 31-07-2027

2026

10-08

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema · 10 days late

16-03

State Gazette act General meeting · Capital increase

Capital · Statutes amendment

2025

31-07

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Highest result since 2019net €4.26M ▲1203%

Net result €4.26M, the highest in the series.

24-12

State Gazette act General meeting · Capital increase

Share issue · Capital

15-07

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Equity above €5MEq €5.27M ▲5.5%

4 profitable years in a row build equity to €5.27M.

20-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

10-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

21-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

31-12

Financial Back to profitnet €200k

Net result €200k after one loss-making year.

13-05

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2026

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

06-01-2026 Christine Halut: Resigned as Director

26-01-2023 Christophe LACROIX: Resigned as Director

18-08-2022 Olivier Bordon: Resigned as Director

06-05-2021 Morgane LAPOTRE: Resigned as Director

Location & real-estate footprint

Registered office, Andenne · 1 establishment unit since 2020

establishment approximate The establishment unit on the map

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 Malevé 55300 Andenne

Ground area

1.7 ha