CRUISE PLUS
ActiveCRUISE PLUS has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €434k and a net result of €107k. Equity is growing by ~34.3% per year across the filed fiscal years. Its solvency ranks better than 38% of 254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▼-10
Solvency49▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 1.52 against 1.78 in 2024; short-term debt: 64.5% and cash: 21.1% of total assets), but 75.9% of the assets are financed with debt.
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
raises risk · 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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
24.1%
Return on assets
6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
1 d early
2023
50 d late
2022
39 d late
2021
17 d early
2020
1 d early
2019
57 d late
← before the deadline
after the deadline →
neutral · 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 monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€434k▲ 3.0%
2024 · €421k
2018: €80k
2019: €89k
2020: €88k
2021: €143k
2022: €297k
2023: €460k
2024: €421k
2018 → 2025
Total assets
€1.80M▲ 7.5%
2024 · €1.67M
2018: €87k
2019: €95k
2020: €744k
2021: €1.52M
2022: €1.54M
2023: €1.66M
2024: €1.67M
2018 → 2025
Net result
€107k▼ 53.3%
2024 · €230k
2018: €9k
2019: €9k
2020: €-101k
2021: €55k
2022: €214k
2023: €164k
2024: €230k
2018 → 2025
Working capital
€606k▼ 15.9%
2024 · €721k
2018: €79k
2019: €89k
2020: €112k
2021: €138k
2022: €297k
2023: €564k
2024: €721k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€143k-€297k▲ 108%€460k▲ 55.2%€421k▼ 8.5%€434k▲ 3.0%
Operating result€51k-€269k▲ 424%€245k▼ 8.9%€309k▲ 26.3%€130k▼ 57.9%
Net result€55k-€214k▲ 292%€164k▼ 23.5%€230k▲ 40.7%€107k▼ 53.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 58% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.80M
Fixed assets
€32k▲ 27.8%
Current assets
€1.77M▲ 7.2%
Equity and liabilities €1.80M
Equity
€434k▲ 3.0%
Debt
€1.36M▲ 9.1%
The debt ratio rises from 74.8% to 75.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€139k▼
2024 · €316k
Cash flow
€117k▼
2024 · €237k
Solvency
24.1%▼
2024 · 25.2%
Current ratio
1.52▼
2024 · 1.78
Quick ratio
1.52▼
2024 · 1.78
Debt / equity
3.14▲
2024 · 2.97
ROE
24.8%▼
2024 · 54.6%
ROA
6.0%▼
2024 · 13.8%
Interest coverage
8.41▼
2024 · 19.56
Debt
€1.36M▲
2024 · €1.25M
Debt ≤ 1 year
€1.16M▲
2024 · €926k
Income taxes
€14k▼
2024 · €67k
Staff costs
€576k▲
2024 · €343k
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€1.67M€1.80M▲
Fixed assets21/28€25k€32k▲
Tangible fixed assets22/27€25k€32k▲
Land and buildings22€25k€18k▼
Plant, machinery and equipment23€189€0▼
Furniture and vehicles24-€14k
Financial fixed assets28€100€0▼
Current assets29/58€1.65M€1.77M▲
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Amounts receivable within one year40/41€278k€255k▼
Trade receivables40€169k€104k▼
Other amounts receivable41€108k€150k▲
Cash at bank and in hand54/58€222k€379k▲
Deferred charges and accrued income490/1€1.15M€1.13M▼
Equity and liabilities
Total equity and liabilities10/49€1.67M€1.80M▲
Equity10/15€421k€434k▲
Contributions10/11€65k€65k=
Reserves13€356k€369k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€356k€369k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.25M€1.36M▲
Amounts payable within one year42/48€926k€1.16M▲
Financial debts43€21k€4k▼
Credit institutions430/8€21k€4k▼
Trade debts44€61k€95k▲
Suppliers440/4€61k€95k▲
Advances received on contracts in progress46€601k€771k▲
Taxes, remuneration and social security45€141k€195k▲
Taxes450/3€97k€102k▲
Remuneration and social security454/9€44k€94k▲
Other amounts payable47/48€101k€95k▼
Accrued charges and deferred income492/3€325k€205k▼
Income statement
Code20242025
Remuneration, social security and pensions62€343k€576k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€9k▲
Other operating charges640/8€3k€1k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€661k€717k▲
Operating profit (loss)9901€309k€130k▼
Financial income75/76B€4k€8k▲
Recurring financial income75€4k€8k▲
Financial charges65/66B€16k€17k▲
Recurring financial charges65€16k€17k▲
Profit (loss) for the period before taxes9903€297k€121k▼
Income taxes67/77€67k€14k▼
Profit (loss) for the period9904€230k€107k▼
Profit (loss) for the period to be appropriated9905€230k€107k▼
Appropriation of the result
Profit (loss) to be appropriated9906€230k€107k▼
Transfer from equity791/2€174k€0▼
Transfer to equity691/2€135k€12k▼
To other reserves6921€135k€12k▼
Profit to be distributed694/7€269k€95k▼
Return on contributions (dividend)694€174k€0▼
Directors or managers695€95k€95k=
Social balance
Average headcount (FTE)90874.98.0▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €230k ▲40.7%
Operating result €309k, net result €230k, both a record.
19-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 50 days late
2023
08-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 39 days late
2022
31-12
Financial
Equity above €200kEq €297k ▲108%
2 profitable years in a row build equity to €297k.
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €55k
Net result €55k after one loss-making year.
31-12
Financial
Equity above €100kEq €143k ▲62.1%
Equity rises from €88k to €143k.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-101k ▼1191%
Net result drops to €-101k, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 57 days late
2019
24-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 5 days late
2017
09-05
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
9 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, Sint-Niklaas · 1 establishment unit since 2006
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.
Grote Markt 729100 Sint-NiklaasGround area
222 m²
Building footprint
222 m²
Volume, LiDAR
2,744 m³
Parcel 46443E0416/00_000, Flanders · tallest building 20.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
CRUISE PLUS
since 20062.151.691.315
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46443E0416/00_000 | Flanders | 222 m² | 1 · 222 m² | 20.3 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 2 entries · 3,250 EUR awarded · 3,250 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 2 | 3,250 EUR | 3,250 EUR |
Schemes
Hinderpremie bij openbare werken
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,439 companies in sector 79110 we hold annual accounts for 880. 675 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-10-2005
Fiscal year end31-12
Activities, NACEBEL
79110Travel agency activities
66220Insurance agents and brokers
79120Travel agency, tour operator and other reservation service and related activities
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.