ADVICE TRAVEL

Active

Private limited companyfounded 200224 yrs activeStationstraat(KOM) 40, 7780 Comines-Warneton, BelgiumKBO/BCE: BE 0477.744.992

ADVICE TRAVEL has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €245k and a net result of €7k. Equity is growing by ~18.3% per year across the filed fiscal years. Its solvency ranks better than 22% of 254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).

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Checked score

Score 2025

46 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability43▼-8

Solvency40▼-1

Growth78=

Track record100

Bankruptcy probability, 12 months

1.4% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €11k at 30 days acceptable

Liquidity tight (current ratio 1.13 against 1.15 in 2024; short-term debt: 77.9% and cash: 19.6% of total assets), and 85.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Nine signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 79

Relative position

BE, all sectors

reference

Sector 79

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

14.8%

Return on assets

0.4%

Age of the figures

9 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 254 sector peers (2025).

NBB · sector comparison

Position among 254 sector peers

Solvency

better than 22%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

3 d early

2024

51 d early

2023

34 d early

2022

12 d early

2021

17 d late

2020

9 d late

2019

24 d late

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

21-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€7k▼ 65.9%

2024 · €20k

2018: €6k 2019: €2k 2020: €19k 2021: €95k 2022: €35k 2023: €23k 2024: €20k

2018 → 2025

Working capital

€169k▲ 3.0%

2024 · €164k

2018: €9k 2019: €3k 2020: €6k 2021: €94k 2022: €142k 2023: €141k 2024: €164k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€161k-€196k▲ 21.7%€218k▲ 11.6%€238k▲ 9.2%€245k▲ 2.9%

Operating result€115k-€67k▼ 41.7%€52k▼ 22.5%€50k▼ 3.9%€25k▼ 49.7%

Net result€95k-€35k▼ 63.5%€23k▼ 35.0%€20k▼ 11.8%€7k▼ 65.9%

Result per fiscal year

Operating resultNet result

The operating result has fallen four years in a row; 2025 is 50% below 2024 and is the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €1.66M

12%

88.1%

Fixed assets €197k▲ 1.6%

Current assets €1.46M▲ 13.7%

Equity and liabilities €1.66M

14.8%

85.2%

Equity €245k▲ 2.9%

Debt €1.41M▲ 13.9%

The debt ratio rises from 83.9% to 85.2%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€47k▼

2024 · €67k

Cash flow

€29k▼

2024 · €37k

Solvency

14.8%▼

2024 · 16.1%

Current ratio

1.13▼

2024 · 1.15

Quick ratio

1.13▼

2024 · 1.15

Debt / equity

5.76▲

2024 · 5.21

ROE

2.8%▼

2024 · 8.4%

ROA

0.4%▼

2024 · 1.4%

Interest coverage

2.90▼

2024 · 3.62

Debt

€1.41M▲

2024 · €1.24M

Debt ≤ 1 year

€1.29M▲

2024 · €1.12M

Debt > 1 year

€66k▼

2024 · €90k

Income taxes

€4k▼

2024 · €12k

Staff costs

€176k▼

2024 · €187k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€1.48M€1.66M▲

Fixed assets21/28€194k€197k▲

Intangible fixed assets21€6k€4k▼

Tangible fixed assets22/27€188k€193k▲

Land and buildings22€183k€173k▼

Furniture and vehicles24€6k€20k▲

Current assets29/58€1.28M€1.46M▲

Amounts receivable after more than one year29€135k€135k=

Other amounts receivable291€135k€135k=

Amounts receivable within one year40/41€510k€609k▲

Trade receivables40€285k€107k▼

Other amounts receivable41€225k€503k▲

Cash at bank and in hand54/58€381k€325k▼

Deferred charges and accrued income490/1€259k€391k▲

Equity and liabilities

Total equity and liabilities10/49€1.48M€1.66M▲

Equity10/15€238k€245k▲

Contributions10/11€19k€19k=

Reserves13€199k€206k▲

Distributable reserves133€199k€206k▲

Profit (loss) carried forward14€21k€21k=

Amounts payable17/49€1.24M€1.41M▲

Amounts payable after more than one year17€90k€66k▼

Financial debts170/4€90k€66k▼

Amounts payable within one year42/48€1.12M€1.29M▲

Current portion of amounts payable after more than one year42€24k€24k▲

Trade debts44€1.01M€1.16M▲

Suppliers440/4€1.01M€1.16M▲

Taxes, remuneration and social security45€33k€30k▼

Taxes450/3€2k-

Remuneration and social security454/9€31k€30k▼

Other amounts payable47/48€54k€81k▲

Accrued charges and deferred income492/3€30k€56k▲

Income statement Code20242025

Remuneration, social security and pensions62€187k€176k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€22k▲

Other operating charges640/8€5k€5k▼

Gross operating margin9900€260k€228k▼

Operating profit (loss)9901€50k€25k▼

Financial income75/76B€3k€2k▼

Recurring financial income75€3k€2k▼

Financial charges65/66B€21k€16k▼

Recurring financial charges65€18k€16k▼

Non-recurring financial charges66B€2k€88▼

Profit (loss) for the period before taxes9903€32k€11k▼

Income taxes67/77€12k€4k▼

Profit (loss) for the period9904€20k€7k▼

Profit (loss) for the period to be appropriated9905€20k€7k▼

Appropriation of the result

Profit (loss) to be appropriated9906€41k€28k▼

Profit (loss) brought forward from the previous period14P€21k€21k=

Transfer to equity691/2€20k€7k▼

To other reserves6921€20k€7k▼

Social balance

Average headcount (FTE)90873.93.6▼

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Financial 4Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

28-07

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

10-06

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

27-06

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Equity above €200kEq €218k ▲11.6%

6 profitable years in a row build equity to €218k.

19-07

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

17-08

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 17 days late

2021

31-12

Financial Highest result since 2018net €95k ▲415%

Operating result €115k, net result €95k, both a record.

31-12

Financial Equity above €150kEq €161k ▲146%

4 profitable years in a row build equity to €161k.

09-08

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 9 days late

2020

24-08

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 24 days late

2019

31-12

Financial Weakest financial yearnet €2k ▼70.2%

Net result drops to €2k, the lowest in the series; recovery starts the following year.

21-06

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

05-06

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

08-06

NBB filing Annual accounts filed

fiscal year 2016 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Comines-Warneton · 3 establishment units since 2002

establishment All 3 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Stationstraat(KOM) 407780 Comines-Warneton

Ground area

2,165 m²

Building footprint

242 m²

Volume, LiDAR

3,432 m³

3 parcels, Flanders, Wallonia · tallest building 21.3 m, ±7 floors. Linked by address, not a title deed.

3 establishment units

FOLIES VOYAGES

Armentieresstraat(Biz) 401, 7783 Comines-WarnetonNACE 63301

since 20022.101.892.901

ADVICE TRAVEL

Stationstraat(KOM) 40, 7780 Comines-WarnetonNACE 63301

since 20032.229.782.451

ADVICE TRAVEL

Franslaan 81, 8620 NieuwpoortHoliday cottages, homes and apartments

since 20202.300.855.143

3 parcels

Flanders 1 (33.3%) Wallonia 2 (66.7%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
38402D0383/00G000	Flanders	1,560 m²	1 · 132 m²	21.2 m · 7 fl.
54002C0495/00Z003	Wallonia	435 m²	1 · 77 m²	12.3 m · 3 fl.
54008D0416/00Y003	Wallonia	169 m²	1 · 33 m²	11.7 m · 3 fl.