Equity
-€107,461
Debts exceed assets in financial year 2024.
BRECODE
Lifetime
6 annual accounts with figures on one time axispeak €23,767 (2024)
€23,767▲ 79.5%
lowest -€53,713 (2024)
-€53,713▼ €24,589
peak €7,125 (2019)
-€107,461▼ €53,713
€209,602▲ 25.8%
peak 0 FTE (2024)
0 FTE
Board2 names since 2018
1 director
Owners
100%
Documentsfilings and deeds
09-10-202570 days late
2024abbreviated format
Gross margin from €13,243 to €23,767Loss of €53,713Equity from -€53,748 to -€107,461Debts from €166,615 to €209,602Investments €47,538Cash from €61,725 to €20,417
Key points
from the 2024 annual accountsLosses
-€109,123 in three years
Every financial year from 2022 to 2024 closed with a loss. 2024 was the heaviest.
Debts
€209,602 205% of the balance sheet
Financial debts 2%Suppliers 92%Taxes and wages 1%Other 6%
Of this, €206,132 falls due within a year.
Investments
€52,528 4.9 × depreciation
Green is investment, beige is depreciation.
Filings
6 annual accounts 106 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
-105.2%
Lower solvency than 95% of companies in travel agencies. Sector median 28.9% · 261 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 6,018 companies had the same profile as BRECODE has now. Each dot stands for 16 companies, two years later.
82.8%
were still trading
8.5%
stopped another way
7.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,018 companies, not a prediction for BRECODE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Director, since 20-01-2021
- 100%equity €14,718 (2025) · 2025 annual accounts of
Recent changes
New director
appointed, resigned · Director discharge: · Gazette deed
Registered office moved from Ghent to Langemark
New registered office: Boezingestraat 80, 8920 Langemark · Previous registered office: Gaston Crommenlaan 4/501, 9050 Gent · Board meeting of 10-11-2019 · Gazette deed
Incorporation
Founding capital of €21,000, 210 shares · Founders: , and · Appointment: (statutory manager) · published on 03-10-2018 · Gazette deed
First establishment
Travel-Assistant, Boezingestraat 80, Langemark-Poelkapelle
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BRECODE Langemark-Poelkapelle | €102,141 | €23,767 | -105.2% | 0 |
| MD LEGAL CRUISES Antwerp | €89,583 | €19,348 | 69.1% | - |
| Ingelberts & Serralta Leuven | €78,305 | €19,754 | 69.6% | - |
| Mountair Bruges | €155,248 | €46,294 | 16.7% | - |
| INDIA TRAVEL TOURS Hasselt | €63,357 | €53,866 | -36.9% | - |
| global royal services Wemmel | €94,570 | €21,432 | 67.0% | - |
| GRANFONDO TECH Zonhoven | €96,139 | €29,862 | 86.9% | - |
These companies have the same main activity as BRECODE: travel agency, tour operator and other reservation service and related activities (NACE 79120). They are comparable in size and age: total assets between €63,400 and €155,000, founded between 2013 and 2022.
Official details
Source: KBO- Status
- Active since 01-10-2018Normal situation
- Activity
- Travel agency, tour operator and other reservation service and related activitiesNACE 79120
- Establishment unit
- 2.280.983.9028920 Langemark-Poelkapelle, since 01-10-2018
- Financial year end
- 31 December
- Peppol
- Reachable
Insights on BRECODE
BRECODE files the abbreviated format. That format states no turnover. The gross margin rose from -€13,061 in 2019 to €23,767 in 2024.
holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BRECODE
- What is the company number of BRECODE?
- The company number of BRECODE is 0707.581.445. The VAT number is the same number with BE in front: BE 0707.581.445.
- Where is BRECODE based?
- The registered office is at Boezingestraat 80, 8920 Langemark-Poelkapelle.Company details
- What does BRECODE do?
- According to the KBO register, the main activity is travel agency, tour operator and other reservation service and related activities (NACE 79120).
- What is the legal form of BRECODE?
- BRECODE is a private limited company (BV).
- When was BRECODE founded?
- BRECODE was founded on 01-10-2018.
- Is BRECODE still active?
- Yes, BRECODE is an active enterprise in the KBO register.
- What is the turnover of BRECODE?
- The turnover in financial year 2024 is ≈ €170,000. This figure is estimated from the gross margin of €23,767 and 1,933 comparable companies of the same size. It probably lies between €68,000 and €440,000. It is a rough estimate.Financials
- Is BRECODE profitable?
- In financial year 2024, BRECODE made a loss of €53,713.
- Where can I find the annual accounts of BRECODE?
- BRECODE filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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