COPCO TRAVEL

Active

Private limited companyfounded 199036 yrs activeFazantenweg(Kessel) 39, 2560 Nijlen, BelgiumKBO/BCE: BE 0441.335.845

COPCO TRAVEL has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €219k and a net result of €-114k. Equity is growing by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 43% 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

37 / 100

Weak

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

Axes · tick = 2024

Profitability1▼-74

Solvency52▼-15

Growth35▼-17

Track record100

Bankruptcy probability, 12 months

1.4% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €8k at 30 days only on tighter terms

Liquidity tight (current ratio 1.06 against 1.26 in 2024; short-term debt: 68.9% and cash: 3.7% of total assets), and 72.5% 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

Six 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

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

30 d early

2024

94 d early

2023

41 d early

2022

122 d early

2021

124 d early

2020

96 d early

2019

123 d early

← 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

€2.75M▼ 17.5%

2022 · €3.33M

2022: €3.33M

2022 → 2023

EBIT margin

-1.7%▼ 8.0pp

2022 · 6.3%

2022: 6.3%

2022 → 2023

Net result

€-114k

2024 · €42k

2018: €-10k 2019: €-25k 2020: €-121k 2021: €-19k 2022: €191k 2023: €-51k 2024: €42k

2018 → 2025

Working capital

€33k▼ 71.9%

2024 · €118k

2018: €-22k 2019: €-53k 2020: €-151k 2021: €-22k 2022: €159k 2023: €60k 2024: €118k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€3.33M€2.75M▼ 17.5%

Equity€438k-€341k▼ 22.1%€290k▼ 15.0%€333k▲ 14.6%€219k▼ 34.2%

Operating result€-12k-€209k€-47k€46k€-113k

Net result€-19k-€191k€-51k€42k€-114k

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2025: a loss of €113k after €46k in 2024, the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €796k

27.0%

73.0%

Fixed assets €215k▼ 4.6%

Current assets €581k▲ 1.8%

Equity and liabilities €796k

27.5%

72.5%

Equity €219k▼ 34.2%

Debt €577k▲ 24.5%

The debt ratio rises from 58.2% to 72.5%. Equity is lower and debt is higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€-99k▼

2024 · €59k

Cash flow

€-100k▼

2024 · €55k

Solvency

27.5%▼

2024 · 41.8%

Current ratio

1.06▼

2024 · 1.26

Quick ratio

1.06▼

2024 · 1.25

Debt / equity

2.64▲

2024 · 1.39

ROE

-52.0%▼

2024 · 12.7%

ROA

-14.3%▼

2024 · 5.3%

Interest coverage

-21.70▼

2024 · 9.02

Debt

€577k▲

2024 · €464k

Debt ≤ 1 year

€548k▲

2024 · €453k

Debt > 1 year

€19k▲

2024 · €7k

Income taxes

€357▼

2024 · €420

Staff costs

€137k▲

2024 · €135k

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€796k€796k=

Fixed assets21/28€225k€215k▼

Tangible fixed assets22/27€215k€205k▼

Land and buildings22€208k€198k▼

Plant, machinery and equipment23€1k€763▼

Furniture and vehicles24€6k€6k▼

Financial fixed assets28€10k€10k=

Current assets29/58€571k€581k▲

Amounts receivable after more than one year29€63k€65k▲

Trade receivables290-€2k

Other amounts receivable291€63k€63k=

Stocks and contracts in progress3€3k€2k▼

Stocks30/36€3k€2k▼

Amounts receivable within one year40/41€415k€482k▲

Trade receivables40€280k€313k▲

Other amounts receivable41€135k€169k▲

Cash at bank and in hand54/58€84k€29k▼

Deferred charges and accrued income490/1€7k€3k▼

Equity and liabilities

Total equity and liabilities10/49€796k€796k=

Equity10/15€333k€219k▼

Contributions10/11€51k€51k=

Revaluation surpluses12€105k€94k▼

Reserves13€222k€233k▲

Distributable reserves133€222k€233k▲

Profit (loss) carried forward14€-45k€-159k▼

Amounts payable17/49€464k€577k▲

Amounts payable after more than one year17€7k€19k▲

Financial debts170/4-€9k

Advances received on contracts in progress176€7k€10k▲

Amounts payable within one year42/48€453k€548k▲

Current portion of amounts payable after more than one year42€0-

Financial debts43€0€50k▲

Credit institutions430/8€0€50k▲

Trade debts44€12k€29k▲

Suppliers440/4€12k€29k▲

Advances received on contracts in progress46€423k€452k▲

Taxes, remuneration and social security45€18k€17k▼

Taxes450/3€6k€764▼

Remuneration and social security454/9€12k€17k▲

Accrued charges and deferred income492/3€3k€10k▲

Income statement Code20242025

Non-recurring operating income76A€4k-

Remuneration, social security and pensions62€135k€137k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€14k▲

Other operating charges640/8€3k€3k▼

Gross operating margin9900€196k€41k▼

Operating profit (loss)9901€46k€-113k▼

Financial income75/76B€3k€4k▲

Recurring financial income75€3k€4k▲

Financial charges65/66B€7k€5k▼

Recurring financial charges65€7k€5k▼

Profit (loss) for the period before taxes9903€43k€-114k▼

Income taxes67/77€420€357▼

Profit (loss) for the period9904€42k€-114k▼

Profit (loss) for the period to be appropriated9905€42k€-114k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-45k€-159k▼

Profit (loss) brought forward from the previous period14P€-88k€-45k▲

Social balance

Average headcount (FTE)90873.63.4▼

The notes to these accounts (12 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

01-07

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

28-04

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Back to profitnet €42k

Net result €42k after one loss-making year.

20-06

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-03

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

31-12

Financial Back to profitnet €191k

Net result €191k after 4 loss-making years.

29-03

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

31-12

Financial Equity above €200kEq €438k ▲845%

Equity rises from €46k to €438k.

26-04

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

31-12

Financial Weakest financial yearnet €-121k

Net result drops to €-121k, the lowest in the series; recovery starts the following year.

30-03

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

29-03

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

30-03

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

31-03

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

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

Directors · office · real estate

Directors

1 act for this company is 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, Nijlen · 3 establishment units since 1990

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.

Fazantenweg(Kessel) 392560 Nijlen

Ground area

1,736 m²

Building footprint

606 m²

Volume, LiDAR

4,554 m³

3 parcels, Flanders · tallest building 15.7 m, ±3 floors. Linked by address, not a title deed.

3 establishment units

Fazantenweg(Kessel) 39, 2560 Nijlen

NACE 4531002

since 19902.049.373.438

Copco Travel

Turnhoutsebaan 2, 2970 SchildeTravel agency activities

since 20142.226.877.993

Copco Travel

Dorpstraat 25, 2180 AntwerpenTravel agency activities

since 20142.226.878.092

3 parcels

Flanders 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
12018A0511/00M002	Flanders	847 m²	1 · 189 m²	10.2 m · 2 fl.
11922C0613/00Y003	Flanders	758 m²	1 · 286 m²	11.6 m · 3 fl.
11364F0441/00D000	Flanders	131 m²	1 · 131 m²	15.7 m · 2 fl.