OPENING OF BANKRUPTCY

TRANSFORCE

Financial year 2023 · closed on 31/12/2023
Net result
-1,6 M €
-65.7% YoY
Gross margin
-418,5 k €
-4.8% YoY
Equity
-678,1 k €
-178.5% YoY
Workforce
24,3 ETP
+115.0% YoY

Company — Opening of bankruptcy.

What does TRANSFORCE do?

TRANSFORCE is a Private limited company incorporated in 2016. Its main activity is: Freight transport by road. Its registered office is in Hasselt. It employs on average 24,3 ETP workers (FTE).

Legal situation
Opening of bankruptcy
BCE/KBO no. / VAT
BE 0660.951.565
Incorporation
17/08/2016
Legal form
Private limited company
Registered office
Walenstraat 63A
3500 Hasselt · FlandreSee on map
Contributed capital
2 040 551,97 €
Latest accounts
31/12/2023
Average workforce
24,3 ETP
Joint committees (2)
  • 14003
  • 226
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 3 financial years

202320222021
Income statement
Gross margin-418,5 k €-399,3 k €9,8 k €
EBITDA-1,4 M €-873,5 k €-122,9 k €
Operating result-1,6 M €-946,1 k €-171,5 k €
Net result-1,6 M €-976,9 k €-206,1 k €
Balance sheet
Equity-678,1 k €-243,5 k €27,3 k €
Total assets677,1 k €529,9 k €313,2 k €
Cash12,2 k €37,1 k €46,6 k €
Debts1,3 M €761 k €285,9 k €
Other
Workforce24,3 ETP11,3 ETP
Governance

Board of directors

Seen on filing of 31/12/2023 · 7 active · 9 ended

Active mandates

Bart Van Minnebruggen

Director · since 22 novembre 2023

Active
Nick Hufkens

Director · since 22 novembre 2023

Active
BLASTR

Director · since 20 décembre 2022 · 0794.583.814

Represented by Thomas Jo Augustijn STROO

Active
Daniël Paul Marie-Thérès LUYCK

Director · since 20 décembre 2022 · until 22 novembre 2023

Active
Jasdeep Mann

Managing director · since 20 décembre 2022

Active
THEMICO

Director · since 20 décembre 2022 · 0720.973.779

Represented by Michel Bernard Désiré DE GEEST

Active
VDL Investments

Director · since 20 décembre 2022 · until 22 novembre 2023 · 0782.606.787

Represented by Joren VERCAIGNIE

Active

Ended mandates

Daniël Paul Marie-Thérès LUYCK

Director · since 20 décembre 2022

Ended
Jasdeep Mann

Director · since 20 décembre 2022

Ended
VDL Investments

Director · since 20 décembre 2022 · 0782.606.787

Represented by Joren VERCAIGNIE

Ended
Daniël Luyck

Director · since 16 août 2021

Ended
Annual accounts

Full financial information

202320222021
Type of accountAbridged modelAbridged modelMicro model
Start of the financial year01/01/202301/01/202201/01/2021
Closing of the financial year31/12/202331/12/202231/12/2021
Length of the financial year12 months12 months12 months
Filing date31/08/202419/09/202331/08/2022
General meeting30/08/202406/09/202303/06/2022
Currency of the financial yearEUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

3 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202330/08/202431/08/2024DutchPDF
Abridged model31/12/202206/09/202319/09/2023DutchPDF
Micro model31/12/202103/06/202231/08/2022DutchPDF
Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2023 · 7 active · 9 ended

Active mandates

Bart Van Minnebruggen

Director · since 22 novembre 2023

Active
Nick Hufkens

Director · since 22 novembre 2023

Active
BLASTR

Director · since 20 décembre 2022 · 0794.583.814

Represented by Thomas Jo Augustijn STROO

Active
Daniël Paul Marie-Thérès LUYCK

Director · since 20 décembre 2022 · until 22 novembre 2023

Active
Jasdeep Mann

Managing director · since 20 décembre 2022

Active
THEMICO

Director · since 20 décembre 2022 · 0720.973.779

Represented by Michel Bernard Désiré DE GEEST

Active
VDL Investments

Director · since 20 décembre 2022 · until 22 novembre 2023 · 0782.606.787

Represented by Joren VERCAIGNIE

Active

Ended mandates

Daniël Paul Marie-Thérès LUYCK

Director · since 20 décembre 2022

Ended
Jasdeep Mann

Director · since 20 décembre 2022

Ended
VDL Investments

Director · since 20 décembre 2022 · 0782.606.787

Represented by Joren VERCAIGNIE

Ended
Daniël Luyck

Director · since 16 août 2021

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Capital / shares05/03/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates14/12/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/01/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/09/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates27/08/2021
    ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
    PDF
  • Mandates12/04/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - BENAMING - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/11/2019
    BENAMING - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/07/2019
    ONTSLAGEN - BENOEMINGEN
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2023
    Annual accounts 2023-1,6 M €
  2. 2022
    Annual accounts 2022-976,9 k €
  3. 2021
    Annual accounts 2021-206,1 k €
  4. 17/08/2016
    IncorporationPrivate limited company