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VL TRANS

Active
Public limited companyfounded 2004active for 22 yearsPrins Boudewijnlaan 22, 9991 Maldegem, BelgiumKBO/BCE: BE 0867.841.182
Summary

VL TRANS has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €7,945, of which €137,462 non-recurring income. Equity has been growing by about 7.6% per year since 2018. Its solvency ranks better than 65% of 1,081 sector peers (NACE 49, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Official details

Source: KBO
Status
Active since 05-10-2004 Normal situation
Activity
Freight transport by road NACE 49410
Joint committee
140.03 Paritair Subcomité voor het wegvervoer en de logistiek voor rekening van derden · annual accounts 2025
Establishment unit
2.176.899.041 9991 Maldegem, since 01-01-2005
Financial year end
31 December
Peppol
Reachable

Board and ownership

Auditor
EY Bedrijfsrevisoren BV

Financial position

84 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Annual accounts 2025
Gross margin
€2.2m
▲ 3.4%
Turnover
≈ €4.1m
estimated
Profit
€7,945
▼ 91.8%
Equity
€1.4m
▲ 0.6%
Total assets
€2.5m
▲ 15.8%
Employees on 31-12-2025
15
▼ 6.3%
Filed on 16-07-2026, 15 days before the deadline
Score breakdownraises riskSector: Land transport and transport via pipelines (NACE 49)Size: 15.2 FTE, total assets €2.5mlowers riskFounded in 2004Figures for financial year 2025 (filed on 16-07-2026)Show the evidence

Checked score

Score 2025
84 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 44% of small companies in land transport (NACE 49)
Financial strength · tick: 2024
Strong
Solvency 79-8
equity 53.5% of total assets
Liquidity 39-1
short-term debt 32.9% · cash 2.6%
Profitability 69-5
return on assets 0.3%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (1,178 companies, NACE 49, small)
Last 24 months 12-2024: 0.3% 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.4%▲ +0.1 percentage points vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.5%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.2%▼ -0.3 percentage points vs 07-2025lowest value 09-2025: 0.2%● unchanged vs 08-2025lowest value 10-2025: 0.2%● unchanged vs 09-2025lowest value 11-2025: 0.2%● unchanged vs 10-2025lowest value 12-2025: 0.2%● unchanged vs 11-2025lowest value 01-2026: 0.2%● unchanged vs 12-2025lowest value 02-2026: 0.2%● unchanged vs 01-2026lowest value 03-2026: 0.2%● unchanged vs 02-2026lowest value 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.3%▲ +0.1 percentage points vs 06-2026 08-2026: 0.3%● unchanged vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026 11-2026: 0.3%● unchanged vs 10-2026
Credit of up to €110,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.06 (2.65 in 2024), above the usual 1.5. Short-term debt is 32.9% and cash 2.6% of total assets. 46.5% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, small). It does better than 70% of them on solvency, 38% on liquidity, 35% on profitability and 33% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 2004
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Sector: Land transport and transport via pipelines (NACE 49)
KBO
lowers risk · Figures for financial year 2025 (filed on 16-07-2026)
NBB · annual accounts
raises risk · Size: 15.2 FTE, total assets €2.5m
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
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 filings
Deviation from the deadline
2025
15 days early
2024
31 days early
2023
40 days early
2022
31 days early
2021
31 days early
2020
15 days early
2019
68 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 14 days before the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Result fell in 2025the 2024 profit included a one-off income of €83,000 ▼ 91.8% View
  • Positive: 4th largest company by total assets in Maldegem, Transport and storage sectorin the Checked rankings No. 4 View
  • Positive: 7 profitable years in a rowprofit 2025: €7,945, mostly one-off 7 years View
  • Positive: Filed on time since financial year 2020accounts within the deadline every year 6 years View

Recent changes

  1. · Gazette deed Reappointments: Julie Van Landschoot (director) and EY Bedrijfsrevisoren BV (statutory auditor)
  2. · Gazette deed Reappointments: Julie Van Landschoot (director) and EY Bedrijfsrevisoren (statutory auditor)Permanent representative: Lieve Cornelis
  3. · Gazette deed Incorporation
All 16 events

Comparable companies

These companies have the same main activity as VL TRANS: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €2.2m and €2.9m, founded between 2003 and 2008.

CompanyTotal assetsGross margin
VL TRANS Maldegem€2.5m€2.2m
TRANS-PETEREYNS Merelbeke-Melle€2.9m€2.1m
ERIK STEENACKERS TRUCKING & TRADING Meise€2.5m€1.9m
ANNÉ - LOUAGIE Antwerpen€2.7m€1.9m
TRANSPORTS AXEL DUBOIS Jodoigne€2.6m€2.0m
Gilgemyn Logistics Wevelgem€2.2m€1.7m
LDM Transport Roeselare€2.2m€2.1m
Full comparison

Key facts about VL TRANS

What is the company number of VL TRANS?
The company number of VL TRANS is 0867.841.182. The VAT number is the same number with BE in front: BE 0867.841.182.
Where is VL TRANS based?
The registered office is at Prins Boudewijnlaan 22, 9991 Maldegem.Company details
What does VL TRANS do?
According to the KBO register, the main activity is freight transport by road (NACE 49410).
What is the legal form of VL TRANS?
The legal form of VL TRANS is Public limited company (NV).
When was VL TRANS founded?
VL TRANS was founded on 05-10-2004.
Is VL TRANS still active?
Yes, VL TRANS is an active enterprise in the KBO register.
How many employees does VL TRANS have?
VL TRANS had an average of 15.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does VL TRANS fall under?
In its 2025 annual accounts, VL TRANS states joint committee 140.03 (Paritair Subcomité voor het wegvervoer en de logistiek voor rekening van derden).
What is the turnover of VL TRANS?
The turnover in financial year 2025 is ≈ €4.1m. This figure is estimated from the gross margin of €2.2m and 31 comparable companies (NACE 49410). It probably lies between €3.5m and €4.8m. In financial year 2019 turnover was €2.9m.
Is VL TRANS profitable?
In financial year 2025, VL TRANS made a profit of €7,945.
Where can I find the annual accounts of VL TRANS?
VL TRANS filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of VL TRANS due?
VL TRANS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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