TRANSPORT BRUGMAN
ActiveTRANSPORT BRUGMAN has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.44M and a net result of €72k. Equity is growing by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 865 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▼-11
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 66.88 against 54.38 in 2024; short-term debt: 1.4% and cash: 46% of total assets), and 1.4% 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
98.6%
Return on assets
5%
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
46 d early
2023
48 d early
2022
34 d early
2021
40 d early
2020
21 d early
2019
7 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€72k▼ 62.1%
2024 · €191k
2018: €63k
2019: €227k
2020: €102k
2021: €40k
2022: €99k
2023: €99k
2024: €191k
2018 → 2025
Working capital
€1.31M▲ 16.1%
2024 · €1.13M
2018: €324k
2019: €539k
2020: €434k
2021: €556k
2022: €794k
2023: €889k
2024: €1.13M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.03M-€1.13M▲ 9.7%€1.17M▲ 4.3%€1.36M▲ 16.3%€1.44M▲ 5.3%
Operating result€56k-€144k▲ 157%€141k▼ 2.3%€200k▲ 41.9%€31k▼ 84.6%
Net result€40k-€99k▲ 151%€99k▼ 0.7%€191k▲ 93.4%€72k▼ 62.1%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 85% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.46M
Fixed assets
€128k▼ 46.1%
Current assets
€1.33M▲ 15.7%
Equity and liabilities €1.46M
Equity
€1.44M▲ 5.3%
Debt
€20k▼ 5.9%
The debt ratio falls from 1.5% to 1.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€150k▼
2024 · €323k
Cash flow
€192k▼
2024 · €314k
Solvency
98.6%▲
2024 · 98.5%
Current ratio
66.88▲
2024 · 54.38
Quick ratio
66.73▲
2024 · 54.22
Debt / equity
0.01▼
2024 · 0.02
ROE
5.0%▼
2024 · 14.0%
ROA
5.0%▼
2024 · 13.8%
Interest coverage
156.92▼
2024 · 298.72
Debt
€20k▼
2024 · €21k
Debt ≤ 1 year
€20k▼
2024 · €21k
Income taxes
€15k▼
2024 · €22k
Staff costs
€165k▼
2024 · €230k
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€1.39M€1.46M▲
Fixed assets21/28€237k€128k▼
Tangible fixed assets22/27€237k€128k▼
Plant, machinery and equipment23€5k€4k▼
Furniture and vehicles24€196k€97k▼
Other tangible fixed assets26€36k€27k▼
Current assets29/58€1.15M€1.33M▲
Stocks and contracts in progress3€3k€3k▼
Stocks30/36€3k€3k▼
Amounts receivable within one year40/41€151k€143k▼
Trade receivables40€134k€122k▼
Other amounts receivable41€17k€21k▲
Current investments50/53€0€510k▲
Cash at bank and in hand54/58€991k€670k▼
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€1.39M€1.46M▲
Equity10/15€1.36M€1.44M▲
Contributions10/11€82k€82k=
Capital10€82k€82k=
Issued capital100€82k€82k=
Reserves13€1.28M€1.35M▲
Non-distributable reserves130/1€17k€17k=
Legal reserve130€17k€17k=
Tax-exempt reserves132€1.10M€641k▼
Distributable reserves133€163k€697k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€21k€20k▼
Amounts payable within one year42/48€21k€20k▼
Trade debts44€4k€3k▼
Suppliers440/4€4k€3k▼
Taxes, remuneration and social security45€18k€16k▼
Taxes450/3€3k€6k▲
Remuneration and social security454/9€14k€10k▼
Income statement
Code20242025
Non-recurring operating income76A€141k€40k▼
Remuneration, social security and pensions62€230k€165k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€123k€119k▼
Other operating charges640/8€5k€6k▲
Gross operating margin9900€557k€321k▼
Operating profit (loss)9901€200k€31k▼
Financial income75/76B€14k€57k▲
Recurring financial income75€14k€57k▲
Financial charges65/66B€1k€956▼
Recurring financial charges65€1k€956▼
Profit (loss) for the period before taxes9903€213k€87k▼
Income taxes67/77€22k€15k▼
Profit (loss) for the period9904€191k€72k▼
Transfer to tax-exempt reserves689€134k€0▼
Profit (loss) for the period to be appropriated9905€57k€72k▲
Appropriation of the result
Profit (loss) to be appropriated9906€57k€72k▲
Transfer from equity791/2€0-
Transfer to equity691/2€57k€72k▲
To other reserves6921€57k€72k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)90873.72.7▼
The notes to these accounts (22 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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
15-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity triplescurrent ratio 54.38
Current ratio from 18.29 to 54.38; short-term debt falls from €51k to €21k.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €40k ▼61%
Net result drops to €40k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €1MEq €1.03M ▲4%
4 profitable years in a row build equity to €1.03M.
10-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €227k ▲261%
Operating result €238k, net result €227k, both a record.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Kuurne · 1 establishment unit since 1993
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.
Rijksweg 388520 KuurneGround area
1,864 m²
Building footprint
132 m²
Volume, LiDAR
811 m³
Parcel 34023B0311/00T000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rijksweg 38, 8520 Kuurne
since 19932.060.335.230
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34023B0311/00T000 | Flanders | 1,864 m² | 1 · 132 m² | 9.3 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 · 2 entries · 574 EUR awarded · 574 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 252 EUR | 252 EUR |
| 2022 | 1 | 322 EUR | 322 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,607 companies in sector 49410 we hold annual accounts for 8,196. 3,562 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-12-1992
Fiscal year end31-12
Abbreviation NL
T.B.K.
Activities, NACEBEL
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:transportbrugman@telenet.be
Phone:056/71.33.05
Fax:056/70.65.65