Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
TRANSURB from Namur, company number BE0413393907, closed financial year 2025 with a result of € -527,220 after tax. For that financial year TRANSURB recorded revenue of € 14.9 million and equity of € 5.9 million. Compared with financial year 2024, the result moved from € -443,299 to € -527,220. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 13, 2026.
€ 5.9 million
▼ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -527,220
▼ 19 % more loss than in 2024
Profit after tax over the fiscal year.
€ 4.3 million
▲ 28% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -280,234.
People and assets in 2025
76.6
▲ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 5.4 million
▲ 6% vs 2024
€ 70,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 146,625
▲ 24% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2.4 million
▲ 49% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 95 days on average.
€ 975,794
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 10,348,213 | € 10,195,016 | € 11,770,427 | € 14,874,902 | ▲ 26% |
| Profit after taxes | € -132,183 | € 7,502 | € -443,299 | € -527,220 | ▼ € 83,921 |
| Equity | € 6,882,784 | € 6,890,285 | € 6,446,987 | € 5,919,766 | ▼ 8% |
| Total debts | € 5,740,818 | € 7,895,044 | € 10,358,411 | € 9,661,827 | ▼ 7% |
| Cash | € 4,109,998 | € 1,535,591 | € 3,378,858 | € 4,341,314 | ▲ 28% |
| Land & buildings | € 222,536 | € 192,921 | € 132,540 | € 72,104 | ▼ 46% |
| Retained profit | € 682,784 | € 690,285 | € 246,987 | € -280,234 | ▼ € 527,220 |
| Balance sheet total | € 13,066,147 | € 15,234,024 | € 17,294,322 | € 16,188,031 | ▼ 6% |
| Employees (FTE) | 60.7 | 70.4 | 76.5 | 76.6 | ▲ 0.1 |
Key figures of TRANSURB, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to TRANSURB?
What happened at TRANSURB in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Renaud DE SAINT MOULIN stepped down as director. NBB
- Olivier LEROY stepped down as director. NBB
- Manuel TOURNET stepped down as director. NBB
- Nicolas ANDRIVON stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 527,220. Source: NBB ↗
- ENHYTRA stepped down as director. NBB
- ENHYTRA became a director. NBB
- Renaud DE SAINT MOULIN became a director. NBB
In short
From € 132,183 loss in 2022 to € 527,220 loss in 2025.
Paid € 124,663 in corporate taxes since 2022.
Best year ever: 2023, with € 7,502 profit.
Pays suppliers within 95 days on average.
Management
The shares are held by John Cockerill Services International SA (92%) and STIB (8%). It owns 95% of TRANSURB ARGENTINE itself.
Directors
According to the 2025 annual accounts
Manuel TOURNET
Director
since 2024 · until 2027
Nicolas ANDRIVON
Director
since 2024 · until 2027
Director · represented by François Bellot
since 2025 · until 2026
Renaud DE SAINT MOULIN
Director
since 2025 · until 2031
Olivier LEROY
Director
since 2025 · until 2028
Shareholders
John Cockerill Services International SA
92%
8%
Participations
TRANSURB ARGENTINE
95%
Establishments
Establishment units
Physical locations of this company
Rue Fond des Bas Prés 1
5000 Namur
Koloniënstraat 56
1000 Brussel
Active since 1 September 1973
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0413.393.907
- VAT number
- BE 0413.393.907
- Registered office
- Rue Fond des Bas Prés 1, 5000 Namur
- Names & denominations
- TRANSURB
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 July 1973
- Peppol
- Active · Active since 17 Jun 2020
- Activities · NACE
Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts
Technische studiën en ingenieursactiviteiten
Marktonderzoekbureaus
Markt- en opinieonderzoek
Handelsbemiddeling in de niet-gespecialiseerde groothandel