Active BE 0660.951.565Private limited company

TRANSFORCE

Walenstraat 63A ·3500 Hasselt, Belgium· 9 yrs active

Sector: Goederenvervoer over de weg (49410)

Conclusion Checked

The KBO register records legal situation 050 for TRANSFORCE (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2023 annual accounts show negative equity (€-678k) and a net result of €-1.62M.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€-678k
Net result	€-1.62M
Staff (FTE)	24.3
Better than sector	5%

Snowflake analysis 5 of 5 axes measured · computed by Checked

33 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 100

Solvency 33

Growth 32

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

10 / 100

Moderate riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· 1 judicial reorganisation (+10)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

In judicial reorganisation

Ongoing procedure under court protection (Book XX WER). The company is restructuring.

Administrative Flags 0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2023 · computed

0 / 100 Critical

050100

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 from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2023 and the legal situation the KBO register itself records. Indicative, not credit advice.

Financial overview3 NBB filings

Annual accounts filed on 31-08-2024 with the NBB · fiscal year 2023 · verkort

Operating resultNet result

Sector comparison

Fiscal year 2023 · NACE 49, Land transport · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	-100.1%	28.7%	better than 5% of 175 sector peers
Net result	€-1.62M	€34k	better than 5% of 175 sector peers
Equity	€-678k	€159k	better than 5% of 175 sector peers
Gross operating margin	€-419k	€493k	better than 5% of 175 sector peers
Staff costs	€1.01M	€442k	higher than 73% of 139 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€-1.45M

-65.9% 21-23

Net profit

€-1.62M

-65.7% 21-23

Cash flow

€-1.51M

-67.1% 21-23

Total assets

€677k

+27.8% 21-23

Equity

€-678k

-178.5% 21-23

Working capital

€-813k

-343.4% 21-23

Employees (FTE)

24

+115.0% 21-23

Staff costs

€1.01M

+118.1% 21-23

Income taxes

€789

- 21-23

Debt

€1.36M

+75.2% 21-23

Debt ≤ 1y

€1.02M

+160.5% 21-23

Debt > 1y

€316k

-14.4% 21-23

Current ratio

0.20

-61.6% 21-23

Quick ratio

0.20

-61.6% 21-23

Solvency

-100.1%

-117.9% 21-23

Debt / equity

-2.00

+37.1% 21-23

ROE

238.7%

-40.5% 21-23

ROA

-239.1%

-29.7% 21-23

Interest coverage

-23.98

+15.2% 21-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	verkort
Revenue	-
EBITDA	€-1.45M
Net profit	€-1.62M
Cash flow	€-1.51M
Staff costs	€1.01M
Income taxes	€789
Dividends	-
Total assets	€677k
Equity	€-678k
Debt	€1.36M
of which ≤ 1y	€1.02M
of which > 1y	€316k
Working capital	€-813k
Employees (FTE)	24.3

Ratios (computed)

	2023
Current ratio	0.20
Quick ratio	0.20
Working capital ratio	-120.0%
Solvency	-100.1%
Debt / equity	-2.00
Long-term debt ratio	-0.47
Interest coverage	-23.98
Gross margin	-
Net margin	-
ROA	-239.1%
ROE	238.7%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Assets

Fixed assets €452k · 68.4% Current assets €209k · 31.6%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€677k
Fixed assets	21/28	€452k
Formation expenses	20	€16k
Intangible fixed assets	21	€17k
Tangible fixed assets	22/27	€374k
Financial fixed assets	28	€61k
Current assets	29/58	€209k
Amounts receivable within one year	40/41	€191k
Cash & bank	54/58	€12k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€677k
Equity	10/15	€-678k
Contributions / capital	10/11	€2.04M
Accumulated profits (losses)	14	€-2.76M
Amounts payable	17/49	€1.36M
Amounts payable after one year	17	€316k
Amounts payable within one year	42/48	€1.02M
Trade debts payable within one year	44	€340k
Income statement
Gross operating margin	9900	€-419k
Operating result	9901	€-1.56M
Financial income	75	€7
Financial charges	65	€60k
Result before taxes	9903	€-1.62M
Income taxes	67/77	€789
Net result for the period	9904	€-1.62M
Result to be appropriated	9905	€-1.62M

You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	Goederenvervoer over de weg(49410)
Legal form	Private limited company(610)
Incorporation	17-08-2016
Status	Active
Postal code	3500
First BS signal	04-12-2024
Latest BS signal	04-12-2024

Establishment units 2 locations

TRANSFORCE

Walenstraat 63A, 3500 HasseltGoederenvervoer over de weg

since 20162.256.694.805

Transforce

Waalkens 13, 9030 GentGoederenvervoer over de weg

since 20222.344.464.660

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels 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 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44038A0046/00C002	Flanders	9,704 m²	1 · 2,788 m²	9.6 m
71322A0543/00T000	Flanders	8,547 m²	1 · 4,376 m²	7.7 m · 2 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 6 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024

04-12-2024

Judicial reorganisation Opening

Ondernemingsrechtbank Antwerpen · collectif · event 29-11-2024

31-08-2024

NBB filing Annual accounts filed

fiscal year 2023 · verkort

2023

14-12-2023

State Gazette act Capital & shares

Emmanuel VAN ROOSBROECK

19-09-2023

NBB filing Annual accounts filed

fiscal year 2022 · verkort

06-01-2023

State Gazette act Capital & shares

Mireille Bedert

2022

31-08-2022

NBB filing Annual accounts filed

fiscal year 2021 · micro

Lifecycle & Insolvency Signals 1 events

04-12-2024

Judicial reorganisation Opening

Date: 29-11-2024 · Ondernemingsrechtbank Antwerpen · collectif · Publications in State Gazette ↗

Time machine, BS events + macro context 2021, 2026

Macro context

2020-Q2/Q3 COVID lockdown

2022 energy crisis

2023-2024 ECB rate hikes

Legend

Bankruptcy

Interim / reorg

KBO event

Belgisch Staatsblad, acts 2 acts

Capital history · 2

14-12-2023

Capital change

06-01-2023

Capital change

All acts · 2 updated 2 years ago

2023

14-12-2023 Capital increase of €774,570.56 Capital & shares·Emmanuel VAN ROOSBROECK

3 kapitaalbewegingen in deze akte

Notary: Emmanuel VAN ROOSBROECK · Antwerpen

Original publication ↗

Technical details

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06-01-2023 Capital increase of €356,283.91 to €551,383.91 Capital & shares·Mireille Bedert

€195.100 → €551.383,91
2 kapitaalbewegingen in deze akte

Notary: Mireille Bedert · Ternat

Original publication ↗

Technical details

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    }
  ],
  "share_classes_after": [
    {
      "n_shares": 19608,
      "class_name": "A",
      "capital_share_eur": 551383.91,
      "voting_rights_per_share": 1.0
    },
    {
      "n_shares": 3696,
      "class_name": "B",
      "capital_share_eur": 349826.4,
      "voting_rights_per_share": 1.0
    }
  ]
}

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Company registry (CBE) Crossroads Bank

Activities

Goederenvervoer over de weg, m.u.v. verhuisbedrijven49410Goederenvervoer over de weg49410Overige posterijen en koeriers53200Overige posterijen en koeriers53200

Primary activity highlighted.

Names & trade names

Legal nameNL	TRANSFORCE
Trade nameNL	TRANSFORCE

Registered office

Walenstraat 63A

3500 Hasselt, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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