TRANSAP
Open bankruptcyA bankruptcy procedure is open for TRANSAP according to publications in the Belgian State Gazette; curator: MICHIEL VERRAES.
Summary
The 2020 annual accounts show equity of €293k and a net result of €20k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2020, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€20k▼ 36.7%
2019 · €31k
2018: €18klowest in 3 years
2019: €31k▲ +71.5% vs 2018highest in 3 years
2020: €20k▼ -36.7% vs 2019
2018 → 2020
Working capital
€272k▼ 1.0%
2019 · €275k
2018: €246klowest in 3 years
2019: €275k▲ +11.8% vs 2018highest in 3 years
2020: €272k▼ -1.0% vs 2019
2018 → 2020
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€242k-€273k▲ 12.9%€293k▲ 7.2%
2018: €242klowest in 3 years
2019: €273k▲ +12.9% vs 2018
2020: €293k▲ +7.2% vs 2019highest in 3 years
Operating result€-3k-€24k€3k▼ 88.9%
2018: €-3klowest in 3 years
2019: €24k▲ +956% vs 2018highest in 3 years
2020: €3k▼ -88.9% vs 2019
Net result€18k-€31k▲ 71.5%€20k▼ 36.7%
2018: €18klowest in 3 years
2019: €31k▲ +71.5% vs 2018highest in 3 years
2020: €20k▼ -36.7% vs 2019
Result per fiscal year
Operating resultNet result
The operating result falls in 2020; 2020 is 89% below 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €429k
Fixed assets
€33k ▲ 128%
Current assets
€396k ▲ 19.1%
Equity and liabilities €429k
Equity
€293k ▲ 7.2%
Provisions
€4k =
Debt
€131k ▲ 90.3%
Debt's share of the balance-sheet total rises from 19.9% to 30.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€14k▼
2019 · €34k
Cash flow
€31k▼
2019 · €40k
Current ratio
3.21▼
2019 · 5.81
Debt to equity
0.03▼
2019 · 0.04
ROE
6.7%▼
2019 · 11.4%
ROA
4.6%▼
2019 · 9.0%
Debt ≤ 1 year
€123k▲
2019 · €57k
Debt > 1 year
€8k▼
2019 · €12k
Income taxes
€6k▼
2019 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2020 against 2019 · 26 lines
Balance sheet
Code20192020
Assets
Total assets20/58€347k€429k▲
Fixed assets21/28€14k€33k▲
Tangible fixed assets22/27€14k€33k▲
Financial fixed assets28€225€225=
Current assets29/58€332k€396k▲
Amounts receivable within one year40/41€305k€368k▲
Cash at bank and in hand54/58€24k€27k▲
Equity and liabilities
Total equity and liabilities10/49€347k€429k▲
Equity10/15€273k€293k▲
Contributions10/11€19k€19k=
Reserves13€24k€24k=
Profit (loss) carried forward14€231k€251k▲
Provisions and deferred taxes16€4k€4k=
Amounts payable17/49€69k€131k▲
Amounts payable after more than one year17€12k€8k▼
Amounts payable within one year42/48€57k€123k▲
Trade debts44€41k€99k▲
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€12k▲
Gross operating margin9900€43k€27k▼
Operating profit (loss)9901€24k€3k▼
Recurring financial income75€22k€23k▲
Recurring financial charges65€348€429▲
Profit (loss) for the period before taxes9903€46k€26k▼
Income taxes67/77€15k€6k▼
Profit (loss) for the period9904€31k€20k▼
Profit (loss) for the period to be appropriated9905€31k€20k▼
Accounts by statement
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €294 | €9k | €12k | ▲ 25.2% |
| Gross operating margin9900 | €26k | €43k | €27k | ▼ 36.5% |
| Operating profit (loss)9901 | €-3k | €24k | €3k | ▼ 88.9% |
| Recurring financial income75 | €23k | €22k | €23k | ▲ 3.9% |
| Recurring financial charges65 | €1k | €348 | €429 | ▲ 23.3% |
| Profit (loss) for the period before taxes9903 | €19k | €46k | €26k | ▼ 45.0% |
| Income taxes67/77 | €641 | €15k | €6k | ▼ 62.1% |
| Profit (loss) for the period9904 | €18k | €31k | €20k | ▼ 36.7% |
| Profit (loss) for the period to be appropriated9905 | €18k | €31k | €20k | ▼ 36.7% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €296k | €347k | €429k | ▲ 23.6% |
| Fixed assets21/28 | €669 | €14k | €33k | ▲ 128% |
| Tangible fixed assets22/27 | €444 | €14k | €33k | ▲ 130% |
| Financial fixed assets28 | €225 | €225 | €225 | = |
| Current assets29/58 | €296k | €332k | €396k | ▲ 19.1% |
| Amounts receivable within one year40/41 | €295k | €305k | €368k | ▲ 20.5% |
| Cash at bank and in hand54/58 | €9 | €24k | €27k | ▲ 13.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €296k | €347k | €429k | ▲ 23.6% |
| Equity10/15 | €242k | €273k | €293k | ▲ 7.2% |
| Contributions10/11 | €19k | €19k | €19k | = |
| Reserves13 | €24k | €24k | €24k | = |
| Profit (loss) carried forward14 | €200k | €231k | €251k | ▲ 8.6% |
| Provisions and deferred taxes16 | €4k | €4k | €4k | = |
| Amounts payable17/49 | €50k | €69k | €131k | ▲ 90.3% |
| Amounts payable after more than one year17 | - | €12k | €8k | ▼ 34.3% |
| Amounts payable within one year42/48 | €50k | €57k | €123k | ▲ 116% |
| Trade debts44 | €39k | €41k | €99k | ▲ 139% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €18k | €31k | €20k | ▼ 36.7% |
| + Depreciation and write-downs630 | €294 | €9k | €12k | ▲ 25.2% |
| Operating cash flow (approximation) | €19k | €40k | €31k | ▼ 22.6% |
| Investment in fixed assets (approximation) | - | €-23k | €-30k | ▼ 30.4% |
| Change in cash | - | €24k | €3k | ▼ 87.0% |
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
2023
19-09
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 12-09-2023
2022
09-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 193 days late
2020
02-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 94 days late
2019
31-12
Financial
Highest result since 2018net €31k ▲71.5%
Operating result €24k, net result €31k, both a record.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 27 days late
2017
05-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 127 days late
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 61 days late
2014
30-09
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 61 days late
2013
29-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 29 days late
2012
17-12
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 139 days late
2011
29-08
NBB filing
Annual accounts filed
fiscal year 2010 · full schema · 29 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
5 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, Ukkel · 1 establishment unit since 1988
Ground area
1,796 m²
Building footprint
1,274 m²
Volume, LiDAR
7,620 m³
2 parcels, Brussels · tallest building 12.7 m, ±2 floors. Linked by address, not a title deed.
312
companies at this address
See who is registered here
1 establishment unit
TRANSAP
since 19882.036.989.013
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614E0126/00A002 | Brussels | 1,616 m² | 1 · 1,089 m² | 12.7 m · 2 fl. |
| 21384D0259/00G010 | Brussels | 180 m² | 1 · 185 m² | 12.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MICHIEL VERRAES EDMOND TOLLENAERE-
STRAAT 56-79 B23, 1020 BRUSSEL 2 |
12-09-2023 → present |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded25-03-1988
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.