Bankrupt · Opening faillissement (CBE)

TRANSPORT FOR LIFE

BE0666508675

Rechtspersoon Private limited company 1 establishment

Keizerslaan 10, 1000 Brussel

Behind the company: MUHSINE KARACA.

Start date

18 November 2016

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 1 of the last 2 fiscal years.

  • Two loss years in a row NBB

    Negative result in 2021 and 2022.

  • Tight liquidity NBB

    Cash and receivables cover 26 % of short-term debt in 2022; threshold 65 %.

  • Busy address KBO

    123 other companies have their registered office at the same address; threshold 10.

  • Legal situation KBO

    Opening faillissement according to the CBE.

Financials

Financial year 2022

TRANSPORT FOR LIFE from Brussel, company number BE0666508675, closed financial year 2022 with a result of € -156,008 after tax. For that financial year TRANSPORT FOR LIFE recorded a gross margin of € 54,398 and equity of € -90,198. Compared with financial year 2021, the result moved from € -22,944 to € -156,008. The company made a loss. 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 30, 2023.

What it is worth Caution

€ -90,198

▼ € 156,008 vs 2021

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -156,008

▼ 580 % more loss than in 2021

Profit after tax over the fiscal year.

Cash in the bank

€ 12,550

▼ 3% vs 2021

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -108,798.

People and assets in 2022

Full-time equivalents estimate

≈ 1

No payroll staff. One director, so that person most likely runs the business.

Wage cost

€ 79,721

▼ 55% vs 2021

Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 107,333

▲ € 88,691 vs 2021

Of which on lease € 107,333.

Debts at end 2022

Bank debt ≈ 3 years to go

€ 92,751

€ 31,071 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.

Owed to suppliers

€ 30,314

▲ 83% vs 2021

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 168,382

▼ 14% vs 2021

Taxes, VAT and social contributions still to pay.

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Key figures per fiscal year Download key figures (CSV)
20212022Change 2021 → 2022
Gross margin € 216,252 € 54,398 ▼ 75%
Profit after taxes € -22,944 € -156,008 ▼ € 133,064
Equity € 65,810 € -90,198 ▼ € 156,008
Total debts € 211,807 € 291,447 ▲ 38%
Cash € 12,882 € 12,550 ▼ 3%
Retained profit € 47,210 € -108,798 ▼ € 156,008
Bank debt € 0 € 92,751
Balance sheet total € 277,617 € 201,249 ▼ 28%

Key figures of TRANSPORT FOR LIFE, fiscal years 2021 to 2022, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2023 has not been filed yet; it was expected before 31 July 2024.

What happened to TRANSPORT FOR LIFE?

What happened at TRANSPORT FOR LIFE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

TRANSPORT FOR LIFE is active according to the CBE. Legal situation: Opening faillissement.

  • New annual accounts for financial year 2022: loss of € 156,008. Source: NBB ↗
  • New establishment in Brussel. KBO
  • Start of the company according to the CBE. KBO

In short

From € 22,944 loss in 2021 to € 156,008 loss in 2022.

Management

MUHSINE KARACA
TRANSPORT FOR LIFE

Behind TRANSPORT FOR LIFE is MUHSINE KARACA.

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Directors

According to the 2022 annual accounts

MUHSINE KARACA

Manager

Establishments

Establishment units

Physical locations of this company

Registered office

Keizerslaan 10

1000 Brussel

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number
0666.508.675
VAT number
BE 0666.508.675
Registered office
Keizerslaan 10, 1000 Brussel
Names & denominations
TRANSPORT FOR LIFE
Enterprise type
Rechtspersoon
Legal form
Private limited company
Legal situation
Opening faillissement
Start date
18 November 2016
Peppol
Not registered

Frequently asked questions

What is the address of TRANSPORT FOR LIFE?
The registered office of TRANSPORT FOR LIFE is located at Keizerslaan 10, 1000 Brussel.
Is TRANSPORT FOR LIFE still active?
No. The CBE lists TRANSPORT FOR LIFE with legal situation “Opening faillissement”. The date of the court ruling is published in the Belgian Official Gazette; the register does not carry it.
Is TRANSPORT FOR LIFE registered on Peppol?
No, TRANSPORT FOR LIFE is currently not registered on the Peppol network.
What is the enterprise number of TRANSPORT FOR LIFE?
The enterprise number of TRANSPORT FOR LIFE is BE0666508675.
When was TRANSPORT FOR LIFE founded?
TRANSPORT FOR LIFE was founded on 18 November 2016.
Who owns TRANSPORT FOR LIFE?
Behind TRANSPORT FOR LIFE is MUHSINE KARACA.