Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 31 % of short-term debt in 2025; threshold 65 %.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
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Busy address KBO
73 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
TRANSFAR CHEMICAL from Antwerpen, company number BE0641834746, closed financial year 2025 with a result of € 196,612 after tax. For that financial year TRANSFAR CHEMICAL recorded revenue of € 6.3 million and equity of € -694,061. Compared with financial year 2024, the result moved from € -1.8 million to € 196,612. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 8, 2026.
€ -694,061
▲ € 196,612 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 196,612
▲ still € 1.8 million loss in 2024
Profit after tax over the fiscal year.
€ 746,345
▼ 45% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -894,061.
People and assets in 2025
1
Average over the fiscal year, from the social balance sheet.
€ 184,381
▲ 5% vs 2024
€ 184,400 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 6.9 million
▼ 30% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 429 days on average.
€ 114,506
▼ 63% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 14,769,958 | € 10,216,192 | € 9,240,499 | € 6,254,439 | ▼ 32% |
| Profit after taxes | € 203,457 | € 240,965 | € -1,841,654 | € 196,612 | ▲ € 2 million |
| Equity | € 710,016 | € 950,981 | € -890,673 | € -694,061 | ▲ € 196,612 |
| Total debts | € 17,166,483 | € 9,248,793 | € 11,196,028 | € 7,040,068 | ▼ 37% |
| Cash | € 9,750,104 | € 2,853,151 | € 1,357,930 | € 746,345 | ▼ 45% |
| Retained profit | € 510,016 | € 750,981 | € -1,090,673 | € -894,061 | ▲ € 196,612 |
| Balance sheet total | € 17,876,499 | € 10,199,774 | € 10,305,355 | € 6,346,007 | ▼ 38% |
| Employees (FTE) | 1 | 1 | 1 | 1 |
Key figures of TRANSFAR CHEMICAL, 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 TRANSFAR CHEMICAL?
What happened at TRANSFAR CHEMICAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 196,612. Source: NBB ↗
- Feng Xu became a director. NBB
- Yaping Qu stepped down as director. NBB
- Zidao Wang stepped down as director. NBB
- Hongliang Zhou became a director. NBB
- Yaping Qu became a director. NBB
- Zidao Wang became a director. NBB
- New establishment in Antwerpen. KBO
In short
From € 203,457 profit in 2022 to € 196,612 profit in 2025.
Paid € 730,988 in corporate taxes since 2022.
Best year ever: 2023, with € 240,965 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind TRANSFAR CHEMICAL are Hongliang Zhou and Feng Xu. The shares are held by Wynca (Hong Kong) Limited (100%).
Directors
According to the 2025 annual accounts
Hongliang Zhou
Director
since 2024
Feng Xu
Director
since 2025
Yaping Qu
Director
since 2017 · until 2025
Zidao Wang
Director
since 2017 · until 2025
Shareholders
Wynca (Hong Kong) Limited
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Quellinstraat 49
2018 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 73 companies are registered at this address.
All companies at this address →INTERNATIONAL DIAMONDS COMPANY
€ -1,676 gross margin · 2022
Tio
€ 5,236 gross margin · 2024
AGU BELGIE
€ 253,094 revenue · 2024
QAD EUROPE
WATS
€ 1.3 million revenue · 2025
+68 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0641.834.746
- VAT number
- BE 0641.834.746
- Registered office
- Quellinstraat 49, 2018 Antwerpen
- Names & denominations
- TRANSFAR CHEMICAL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 October 2015
- Peppol
- Active · Active since 8 Jan 2026
- Activities · NACE
Groothandel in chemische producten voor industrieel gebruik