TRANSFORMATIS
ActiveTRANSFORMATIS has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €368k and a net result of €-88k. Equity is growing by ~18.9% per year across the filed fiscal years. Its solvency ranks better than 90% of 37971 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-100
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 11.82 against 7.88 in 2023), and 8.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
91.5%
Return on assets
-22%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-07-2025, 21 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
21 d early
2023
12 d late
2022
60 d early
2021
5 d early
2020
65 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€368k▼ 19.4%
2023 · €456k
2020: €180k
2021: €235k
2022: €290k
2023: €456k
2020 → 2024
Total assets
€402k▼ 22.8%
2023 · €521k
2020: €234k
2021: €315k
2022: €364k
2023: €521k
2020 → 2024
Net result
€-88k
2023 · €166k
2020: €170k
2021: €56k
2022: €54k
2023: €166k
2020 → 2024
Working capital
€362k▼ 18.5%
2023 · €445k
2020: €148k
2021: €210k
2022: €272k
2023: €445k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€180k-€235k▲ 31.0%€290k▲ 23.1%€456k▲ 57.4%€368k▼ 19.4%
Operating result€220k-€95k▼ 57.0%€187k▲ 98.0%€177k▼ 5.4%€-18k
Net result€170k-€56k▼ 67.2%€54k▼ 2.1%€166k▲ 205%€-88k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €18k after €177k in 2023, the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €402k
Fixed assets
€6k▼ 46.9%
Current assets
€396k▼ 22.3%
Equity and liabilities €402k
Equity
€368k▼ 19.4%
Debt
€34k▼ 47.1%
The debt ratio falls from 12.4% to 8.5%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€-11k▼
2023 · €184k
Cash flow
€-81k▼
2023 · €173k
Solvency
91.5%▲
2023 · 87.6%
Current ratio
11.82▲
2023 · 7.88
Quick ratio
11.82▲
2023 · 7.88
Debt / equity
0.09▼
2023 · 0.14
ROE
-24.0%▼
2023 · 36.5%
ROA
-22.0%▼
2023 · 31.9%
Interest coverage
-0.16▲
2023 · -4.03
Debt
€34k▼
2023 · €65k
Debt ≤ 1 year
€34k▼
2023 · €65k
Income taxes
€245▼
2023 · €57k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€521k€402k▼
Fixed assets21/28€11k€6k▼
Tangible fixed assets22/27€11k€5k▼
Furniture and vehicles24€11k€4k▼
Other tangible fixed assets26-€1k
Financial fixed assets28€430€430=
Current assets29/58€510k€396k▼
Amounts receivable within one year40/41€2k€28k▲
Trade receivables40€0€2k▲
Other amounts receivable41€2k€26k▲
Current investments50/53€74k€30k▼
Cash at bank and in hand54/58€389k€337k▼
Deferred charges and accrued income490/1€44k€980▼
Equity and liabilities
Total equity and liabilities10/49€521k€402k▼
Equity10/15€456k€368k▼
Contributions10/11€10k€10k=
Reserves13€166k€166k=
Distributable reserves133€166k€166k=
Profit (loss) carried forward14€280k€191k▼
Amounts payable17/49€65k€34k▼
Amounts payable within one year42/48€65k€34k▼
Trade debts44€80€152▲
Suppliers440/4€80€152▲
Taxes, remuneration and social security45€65k€33k▼
Taxes450/3€65k€30k▼
Remuneration and social security454/9€0€4k▲
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€0€710▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k▲
Other operating charges640/8€837€1k▲
Gross operating margin9900€185k€-10k▼
Operating profit (loss)9901€177k€-18k▼
Financial income75/76B€25€56▲
Recurring financial income75€25€56▲
Financial charges65/66B€-46k€70k▲
Recurring financial charges65€-46k€70k▲
Profit (loss) for the period before taxes9903€223k€-88k▼
Income taxes67/77€57k€245▼
Profit (loss) for the period9904€166k€-88k▼
Profit (loss) for the period to be appropriated9905€166k€-88k▼
Appropriation of the result
Profit (loss) to be appropriated9906€446k€191k▼
Profit (loss) brought forward from the previous period14P€280k€280k=
Transfer to equity691/2€166k€0▼
To other reserves6921€166k€0▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-88k ▼153%
Net result drops to €-88k, the lowest in the series.
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200kEq €235k ▲31%
2 profitable years in a row build equity to €235k.
27-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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 2020
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.
Ruststraat 1221180 UkkelGround area
319 m²
Building footprint
64 m²
Volume, LiDAR
588 m³
Parcel 21614E0276/00N003, Brussels · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
TRANSFORMATIS
since 20202.298.595.043
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614E0276/00N003 | Brussels | 319 m² | 1 · 64 m² | 11.3 m · 3 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
699400SMPVKN4KAXCH60
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STE-LO
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IPSO FACTO
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SCHEPEX
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Of 82,218 companies in sector 70200 we hold annual accounts for 52,396. 36,777 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-01-2020
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
62020IT consultancy
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:eric.bray@transformatis.com