Equity
-€107,461
Debts exceed assets in financial year 2024.
BRECODE
Overview
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
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
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
Annual accounts 2024
- €23,767▲ 79.5%
- ≈ €170,000estimated
- €53,713▲ 84.4%
- -€107,461▼ 99.9%
- €102,141▼ 9.5%
- Filing
- Filed on 09-10-2025
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.
Financials
Annual accounts 2024
abbreviated format, filed on 09-10-2025, 70 days late2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 14 November 2026.
€23,767
▲ 79.5%
€8,675
▲ 129%
-€53,713
▼ €24,589
-€165,984
▼ €90,428
-105.2%
▼ 57.6 percentage points
0.19
▼ 0.34
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €170,000. Estimated: probably between €68,000 and €440,000.
Amounts without an identifiable currency are taken as euros.
Balance sheet
balance sheet total €102,141 on 31-12-2024What the company ownsHow it is paid for
in euro
in euro
Position in the sector
-105.2%
Lower than 95% of 261 companies in 2024.
0.19
Lower than 95% of 258 companies in 2024.
-52.6%
Lower than 95% of 260 companies in 2024.
BRECODE
Middle half of the sector
80% of the sector
Abbreviated accounts in travel agencies (NACE 79)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter · Staff: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
102,141 | 112,867 | 77,083 | 63,806 | 30,889 | 11,073 | |
21/28 |
61,993 | 25,278 | 27,890 | 24,559 | 17,251 | 161 | |
21 |
52,728 | 6,961 | 8,961 | 6,000 | - | - | |
22/27 |
9,265 | 18,317 | 18,929 | 18,398 | 17,090 | - | |
23 |
5,072 | 5,833 | 3,142 | 1,177 | - | - | |
24 |
4,193 | 12,485 | 15,787 | 17,221 | 17,090 | - | |
28 |
- | - | 0 | 161 | 161 | 161 | |
29/58 |
40,148 | 87,589 | 49,193 | 39,247 | 13,638 | 10,912 | |
40/41 |
19,120 | 24,469 | 3,826 | 14,180 | 5,501 | 4,138 | |
40 |
19,120 | 23,139 | 2,925 | 13,483 | 4,192 | 3,091 | |
41 |
0 | 1,331 | 901 | 696 | 1,309 | 1,047 | |
54/58 |
20,417 | 61,725 | 44,460 | 23,608 | 6,792 | 6,774 | |
490/1 |
611 | 1,395 | 907 | 1,459 | 1,345 | - | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
102,141 | 112,867 | 77,083 | 63,806 | 30,889 | 11,073 | |
10/15 |
-107,461 | -53,748 | -24,624 | 1,662 | -1,600 | 7,125 | |
10/11 |
21,000 | 21,000 | 21,000 | 21,000 | 21,000 | 21,000 | |
100 |
- | - | - | - | - | 21,000 | |
14 |
-128,461 | -74,748 | -45,624 | -19,338 | -22,600 | -13,875 | |
17/49 |
209,602 | 166,615 | 101,707 | 62,143 | 32,489 | 3,948 | |
17 |
3,470 | 3,470 | 15,000 | 15,000 | 15,000 | - | |
170/4 |
3,470 | 3,470 | 15,000 | 15,000 | 15,000 | - | |
42/48 |
206,132 | 163,145 | 86,707 | 46,937 | 17,489 | 3,948 | |
44 |
191,994 | 113,661 | 58,726 | 39,555 | 689 | 3,532 | |
440/4 |
191,994 | 113,661 | 58,726 | 39,555 | 689 | 3,532 | |
46 |
0 | 31,205 | 12,689 | - | - | - | |
45 |
1,209 | 612 | 480 | 110 | 44 | - | |
450/3 |
1,209 | 612 | 480 | 110 | 44 | - | |
47/48 |
12,929 | 17,667 | 14,812 | 7,272 | 16,756 | 416 | |
492/3 |
- | - | 0 | 206 | - | - | |
| Income statement | |||||||
9900 |
23,767 | 13,243 | -15,671 | 6,897 | -7,425 | -13,061 | |
630 |
10,822 | 7,094 | 4,747 | 2,705 | - | - | |
640/8 |
4,270 | 2,366 | 1,670 | 1,616 | 1,020 | 647 | |
9901 |
8,675 | 3,782 | -22,088 | 2,576 | -8,445 | -13,707 | |
75/76B |
2,506 | 587 | 5,140 | 4,970 | 22 | 1 | |
75 |
2,503 | 587 | 5,140 | 4,970 | 22 | 1 | |
76B |
3 | - | - | - | - | - | |
65/66B |
64,713 | 33,354 | 9,210 | 4,175 | 257 | 169 | |
65 |
64,713 | 33,354 | 9,210 | 4,175 | 257 | 169 | |
9903 |
-53,532 | -28,985 | -26,159 | 3,372 | -8,680 | -13,875 | |
67/77 |
181 | 139 | 128 | 110 | 44 | - | |
9904 |
-53,713 | -29,124 | -26,286 | 3,262 | -8,725 | -13,875 | |
9905 |
-53,713 | -29,124 | -26,286 | 3,262 | -8,725 | -13,875 | |
| Appropriation of the result | |||||||
9906 |
-128,461 | -74,748 | -45,624 | -19,338 | -22,600 | -13,875 | |
14P |
-74,748 | -45,624 | -19,338 | -22,600 | - | - | |
| Social balance sheet | |||||||
9087 |
0 | - | - | - | - | - | |
| Document | |||||||
The notes to these accounts have 16 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 09-10-2025.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | abbreviated format | 09-10-2025 | 2025-00536830 | |
| 31-12-2023 | micro format | 07-10-2024 | 2024-00496256 | |
| 31-12-2022 | micro format | 06-10-2023 | 2023-00474215 | |
| 31-12-2021 | micro format | 21-09-2022 | 2022-20432515 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-55900590 | |
| 31-12-2019 | micro format | 25-10-2020 | 2020-65200071 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| 19,498 | 10,877 | -17,342 | 5,281 | - | - | ||
| -42,891 | -22,030 | -21,540 | 5,967 | - | - | ||
| 52,528 | 4,482 | 8,239 | 10,013 | 17,090 | 161 | ||
| -41,309 | 17,265 | 20,852 | 16,816 | 18 | - | ||
| -165,984 | -75,556 | -37,514 | -7,690 | -3,851 | 6,964 | ||
| -105.2% | -47.6% | -31.9% | 2.6% | -5.2% | 64.3% | ||
| 0.19 | 0.54 | 0.57 | 0.84 | 0.78 | 2.76 | ||
| - | - | - | 37.39 | - | 0.55 | ||
| - | - | - | 196.2% | - | -194.7% | ||
| -52.6% | -25.8% | -34.1% | 5.1% | -28.2% | -125.3% | ||
| 0.30 | 0.33 | -1.88 | 1.27 | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Tangible fixed assets | €2,203 | €4,482 | €4,239 | €4,013 |
| Intangible fixed assets | €50,325 | - | €4,000 | €6,000 |
| €10,822 | €7,094 | €4,747 | €2,705 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Insights on BRECODE
The operating result for 2024 is 129% higher than in 2023 and the highest since 2019. It is the second rise in a row, after the fall in 2022.
Equity is negative. Debt (€209,602) exceeds the balance-sheet total (€102,141).
Board & ownership
Board
1 director, no change since 2021Director (not named in the articles)
since 20-01-2021
listed in the 2024 annual accounts, filed on 09-10-2025
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 10-02-2021
Mandates through the years
2 names, the dashed line is todayDirector (not named in the articles)
Statutory manager
BoardEarlierend not dated
Mandates as a list
-
- Director (not named in the articles), from 20-01-2021 to date
-
- Statutory manager, appointed by deed of 03-10-2018, until 10-02-2021
- Statutory manager, appointed by deed of 03-10-2018, no longer listed in the 2024 annual accounts
Control
Parent
Equity €14,718
Profit €6,209 in 2025 (profit €5,509 in 2024)
Source: accounts 2025
100%
This company
BRECODE
Equity -€107,461
Loss €53,713 in 2024
Capital
- Contribution
- €21,000
- Shares
- 210
- Contribution per share
- €100
- Equity per share
- -€512 in 2024
- Source
- deed of 10-02-2021
Owners through the years
as the annual accounts name themOwners as a list
-
- 2024 to 2025: 100%
Source: lists of holdings in the owners' accounts
Articles of association
deed of 10-02-2021 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of June at 20:00
Capital transactions
Shareholders according to the deeds
At incorporation
deed of 03-10-2018 ↗
- 70 shares (33.3%) · €7,000
- 70 shares (33.3%) · €7,000
- 70 shares (33.3%) · €7,000
Capital over time
- 10-02-2021 Converted to unavailable equity · €21,000
- 03-10-2018 Incorporation · €21,000 · 210 shares
Network & group
Group
has 1 direct subsidiary (2025 accounts)Parent1 holding, 1 country
2025 accounts
Belgium 1 Equity Result
- BE Brecode -€107,461 result -€53,713
Source: list of holdings in the 2025 accounts of . Every holding stands with its own latest accounts.
Connections & network
1 current directorThe network starts from the directors of BRECODE. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Timeline
12 events since 2018Board
Filings
Financial
Establishments
Address
20182020202220242026
2025
Annual accounts 2024 filed PDFabbreviated format · 70 days late
2024
Weakest financial year net -€53,713 The net result drops to -€53,713, the lowest from 2019 to 2024.
Annual accounts 2023 filed PDFmicro format · 68 days late
2023
Annual accounts 2022 filed PDFmicro format · 67 days late
2022
Annual accounts 2021 filed PDFmicro format · 52 days late
2021
Back to profit net €3,262 The net result is €3,262, after 2 loss-making years.
Annual accounts 2020 filed PDFmicro format · 30 days late
New director appointed, resigned · Director discharge: 6 points ▸
- 210 shares
- Power of attorney,
- Registered office clause, Boezingestraat 80, 8920 Langemark-Poelkapelle
- Director resignation, (director, formerly manager)
- Director discharge,
- Director appointment, (director (not named in the articles))
- The deed holds 8 more points.
2020
Annual accounts 2019 filed PDFmicro format · 86 days late
2019
Registered office moved from Ghent to LangemarkNew registered office: Boezingestraat 80, 8920 Langemark · Previous registered office: Gaston Crommenlaan 4/501, 9050 Gent · Board meeting of 10-11-20192 points ▸
- Board meeting, 10-11-2019
- Registered-office move, Boezingestraat 80, 8920 Langemark
2018
IncorporationFounding capital of €21,000, 210 shares · Founders: , and · Appointment: (statutory manager) · published on 03-10-20185 points ▸
- Director appointment, (statutory manager)
- Founder,
- Founder,
- Founder,
- Founding capital, €21,000, 210 shares
- The deed holds 3 more points.
First establishment Travel-Assistant, Boezingestraat 80, Langemark-Poelkapelle
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0707.581.445
- VAT number
- BE 0707.581.445
- Peppol ID
- 0208:0707581445
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 01-10-2018
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of June at 20:00deed of 10-02-2021 (in Dutch)
- Website
- www.travel-assistant.com
- Peppol
- Reachable via PeppolFollow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- BRECODE in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 10-02-2021 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 10-02-2021 (in Dutch)
Activities
NACEBEL 202579120
Travel agency, tour operator and other reservation service and related activities main activity
Codes under NACEBEL 2008
79120
Travel agency, tour operator and other reservation service and related activities main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het uitbaten van een reisbureau, reisagentschap, verschaffen van informatie en advies over reizen; Het organiseren van reizen en excursies…”deed of 10-02-2021 (in Dutch)
6 activities
- Het uitbaten van een reisbureau, reisagentschap, verschaffen van informatie en advies over reizen.
- Het organiseren van reizen en excursies van kortere of langere duur, regelen van ‘reizen op maat”, onderdak en vervoer van reizigers en toeristen
- De verkoop aan de hand van brochures en catalogi van door touroperators georganiseerde reizen, de verkoop als aannemer of onderaannemer van individuele en groepsreizen en verblijven, verkoop van entreekaarten, biljetten voor alle vervoermiddelen, logiesbons, maaltijdbons, enz.
- Optreden als reisorganisator die, in het algemeen, een uitgebreid assortiment van reizen aanbieden.
- Optreden als reisbegeleider en gidsen, toeristische informatiediensten en dergelijke.
- Het aanbieden van een platform voor reservaties van verschillende diensten: het aanbieden van transportmogelijkheden, het aanbieden van excursies naar een variëteit van gespecialiseerde evenementen (concerten, shows,…), enz.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Travel-Assistant registered office Boezingestraat 80, 8920 Langemark-Poelkapelle | 01-10-2018 | 2.280.983.902 |
1 former office
- Gaston Crommenlaan 4/501, 9050 Gent until 01-11-2019 · deed of 18-12-2019
Buildings and parcels at the address
- Ground area
- 401 m²
- Buildings
- 133 m²
- Volume, LiDAR
- 718 m³
- Tallest building
- 9.7 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 33014G0070/00V000 | 401 m² | 1 · 133 m² | 9.7 m · 2 |