TRANSGIRANA
ActiveTRANSGIRANA has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.34M and a net result of €28k. Equity is growing by ~9.6% per year across the filed fiscal years. Its solvency ranks better than 68% of 862 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
86
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability10▼-18
Solvency97▲+5
Growth49=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 2.08 against 1.71 in 2024), and 43.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
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
56.3%
Return on assets
1.2%
Age of the figures
9 mo
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
13 d early
2023
42 d late
2022
35 d early
2021
20 d early
2020
31 d early
2019
14 d early
← 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€3.11M▲ 13.5%
2022 · €2.74M
2018: €2.78M
2019: €2.44M
2020: €2.33M
2021: €2.41M
2022: €2.74M
2018 → 2023
EBIT margin
6.7%▲ 2.6pp
2022 · 4.1%
2018: 6.0%
2019: 5.3%
2020: 3.8%
2021: 1.4%
2022: 4.1%
2018 → 2023
Net result
€28k▼ 62.4%
2024 · €75k
2018: €122k
2019: €111k
2020: €87k
2021: €32k
2022: €110k
2023: €178k
2024: €75k
2018 → 2025
Working capital
€634k▲ 23.1%
2024 · €515k
2018: €429k
2019: €538k
2020: €-9k
2021: €-140k
2022: €220k
2023: €90k
2024: €515k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€2.41M-€2.74M▲ 13.6%€3.11M▲ 13.5%
Equity€947k-€1.06M▲ 11.6%€1.23M▲ 16.8%€1.31M▲ 6.0%€1.34M▲ 2.1%
Operating result€33k-€111k▲ 234%€207k▲ 86.9%€110k▼ 46.8%€55k▼ 50.2%
Net result€32k-€110k▲ 245%€178k▲ 61.4%€75k▼ 58.0%€28k▼ 62.4%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 50% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.38M
Fixed assets
€1.16M▲ 16.2%
Current assets
€1.22M▼ 1.3%
Equity and liabilities €2.38M
Equity
€1.34M▲ 2.1%
Debt
€1.04M▲ 12.7%
The debt ratio rises from 41.3% to 43.7%: debt grows faster than equity.
Key figures and ratios
EBITDA
€514k▼
2024 · €595k
Cash flow
€487k▼
2024 · €560k
Solvency
56.3%▼
2024 · 58.7%
Current ratio
2.08▲
2024 · 1.71
Quick ratio
2.02▲
2024 · 1.65
Debt / equity
0.78▲
2024 · 0.70
ROE
2.1%▼
2024 · 5.7%
ROA
1.2%▼
2024 · 3.3%
Interest coverage
18.88▼
2024 · 28.53
Debt
€1.04M▲
2024 · €923k
Debt ≤ 1 year
€586k▼
2024 · €721k
Debt > 1 year
€455k▲
2024 · €202k
Income taxes
€-291▼
2024 · €15k
Staff costs
€1.24M▲
2024 · €1.12M
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€2.23M€2.38M▲
Fixed assets21/28€997k€1.16M▲
Tangible fixed assets22/27€993k€1.16M▲
Furniture and vehicles24€594k€300k▼
Leasing and similar rights25€399k€855k▲
Financial fixed assets28€3k€3k=
Current assets29/58€1.24M€1.22M▼
Stocks and contracts in progress3€47k€34k▼
Stocks30/36€47k€34k▼
Amounts receivable within one year40/41€1.11M€1.07M▼
Trade receivables40€1.11M€1.07M▼
Cash at bank and in hand54/58€53k€89k▲
Deferred charges and accrued income490/1€30k€22k▼
Equity and liabilities
Total equity and liabilities10/49€2.23M€2.38M▲
Equity10/15€1.31M€1.34M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€1.25M€1.28M▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€735k€762k▲
Distributable reserves133€507k€507k▲
Amounts payable17/49€923k€1.04M▲
Amounts payable after more than one year17€202k€455k▲
Financial debts170/4€202k€455k▲
Amounts payable within one year42/48€721k€586k▼
Current portion of amounts payable after more than one year42€147k€304k▲
Trade debts44€325k€74k▼
Suppliers440/4€325k€74k▼
Taxes, remuneration and social security45€237k€194k▼
Taxes450/3€95k€63k▼
Remuneration and social security454/9€142k€132k▼
Other amounts payable47/48€13k€13k▲
Income statement
Code20242025
Non-recurring operating income76A€40k€28k▼
Remuneration, social security and pensions62€1.12M€1.24M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€485k€459k▼
Other operating charges640/8€11k€10k▼
Non-recurring operating charges66A€3k€538▼
Gross operating margin9900€1.73M€1.77M▲
Operating profit (loss)9901€110k€55k▼
Financial income75/76B€132€0▼
Recurring financial income75€132€0▼
Financial charges65/66B€21k€27k▲
Recurring financial charges65€21k€27k▲
Profit (loss) for the period before taxes9903€90k€28k▼
Income taxes67/77€15k€-291▼
Profit (loss) for the period9904€75k€28k▼
Transfer to tax-exempt reserves689€40k€28k▼
Profit (loss) for the period to be appropriated9905€35k€524▼
Appropriation of the result
Profit (loss) to be appropriated9906€35k€524▼
Transfer to equity691/2€35k€524▼
To other reserves6921€35k€524▼
Social balance
Average headcount (FTE)908719.120.2▲
The notes to these accounts (19 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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €28k ▼62.4%
Net result drops to €28k, the lowest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
11-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 42 days late
2023
31-12
Financial
Highest result since 2018net €178k ▲61.4%
Operating result €207k, net result €178k, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €1MEq €1.06M ▲11.6%
5 profitable years in a row build equity to €1.06M.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Wervik · 1 establishment unit since 1998
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.
Kruisekestraat 2128940 WervikGround area
5,239 m²
Building footprint
517 m²
Volume, LiDAR
2,349 m³
Parcel 33029E0473/00P000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TRANSGIRANA
since 19982.240.446.216
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33029E0473/00P000 | Flanders | 5,239 m² | 1 · 517 m² | 7.9 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 37,975 EUR awarded · 37,374 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,047 EUR | 2,405 EUR |
| 2024 | 1 | 260 EUR | 660 EUR |
| 2023 | 3 | 22,370 EUR | 22,011 EUR |
| 2022 | 2 | 12,298 EUR | 12,298 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidies ecologisch en veilig transport (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
Collitax
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TRANSPORTS RENAUX - DESCAMPS
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ARKO
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LAURYSSEN-MONBALLIEU
BE 0860.651.108
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VANLERSBERGHE & DE STICKERE
BE 0877.624.425
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Of 12,449 companies in sector 49410 we hold annual accounts for 8,086. 3,652 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded08-09-1998
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
46831Wholesale of construction materials, general range
47521Retail sale of hardware, building materials, paint and glass (general range)
51532
52461
71320
77320Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:info@cnockaertconstruct.be
Phone:056 31 12 94
Fax:056 31 42 56