ELEVEN3
ActiveSummary
The computed 12-month bankruptcy probability of ELEVEN3 is 3.2% (moderate). The 2025 annual accounts show negative equity (-€12,614) and a net result of -€33,630. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 257 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency0▼-81
Growth32=
Track record100
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.82 against 6.56 in 2024; short-term debt: 117% and cash: 94.1% of total assets), and equity is negative.
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Signals
Seven 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
Travel agency, tour operator and other reservation service and related activities (NACE 79)
about 121% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-69%
Return on assets
-184.1%
Age of the figures
9 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€12,614
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
10 d late
2024
42 d early
2023
58 d early
2022
95 d early
2021
59 d early
2020
94 d early
2019
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 49 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 4 June (4 of the last 5 filed years within 38 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€12,614
2024 · €21,016
Total assets
€18,270▼ 51.2%
2024 · €37,409
Net result
-€33,630
2024 · €9,210
Working capital
-€3,874
2024 · €30,538
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 79, Travel agency, tour operator and other reservation service and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€334▼ 94.7%-€2,904€2,521€9,394▲ 273%-€33,231
Net result€143within the sector's middle half▼ 97.6%-€3,111below the sector's middle half€2,322within the sector's middle half€9,210within the sector's middle half▲ 297%-€33,630below the sector's middle half
Equity€12,595below the sector's middle half▲ 1.1%€9,484below the sector's middle half▼ 24.7%€11,806below the sector's middle half▲ 24.5%€21,016within the sector's middle half▲ 78.0%-€12,614below the sector's middle half
Total assets€16,754below the sector's middle half▼ 39.2%€34,134below the sector's middle half▲ 104%€20,102below the sector's middle half▼ 41.1%€37,409below the sector's middle half▲ 86.1%€18,270below the sector's middle half▼ 51.2%
Debt€4,160▼ 72.5%€24,650▲ 493%€8,296▼ 66.3%€16,393▲ 97.6%€30,884▲ 88.4%
Working capital€10,849within the sector's middle half▲ 2.1%€11,984within the sector's middle half▲ 10.5%€11,683within the sector's middle half▼ 2.5%€30,538within the sector's middle half▲ 161%-€3,874below the sector's middle half
Solvency75.2%above the sector's middle half▲ 30.0pp27.8%within the sector's middle half▼ 47.4pp58.7%within the sector's middle half▲ 30.9pp56.2%within the sector's middle half▼ 2.6pp-69.0%below the sector's middle half▼ 125.2pp
Current ratio3.61within the sector's middle half▲ 1.821.54within the sector's middle half▼ 2.072.50within the sector's middle half▲ 0.966.56above the sector's middle half▲ 4.060.82below the sector's middle half▼ 5.74
Return on assets (ROA)0.9%within the sector's middle half▼ 20.7pp-9.1%below the sector's middle half▼ 10.0pp11.6%within the sector's middle half▲ 20.7pp24.6%above the sector's middle half▲ 13.1pp-184.1%below the sector's middle half▼ 208.7pp
above
within
below
the middle half (P25 to P75) of NACE 79, Travel agency, tour operator and other reservation service and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €33,231 after €9,394 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €18,270
Fixed assets
€760 ▼ 44.8%
Current assets
€17,510 ▼ 51.4%
Key figures and ratios
EBITDA
-€32,613▼
2024 · €10,349
Cash flow
-€33,012▼
2024 · €10,165
Debt to equity
-2.45▼
2024 · 0.78
Interest coverage
-176.63▼
2024 · 56.05
Debt ≤ 1 year
€21,384▲
2024 · €5,493
Income taxes
€221
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,906 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.8%
went bankrupt
8.1%
stopped otherwise
85%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,906 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,745 | €1,745 | €527 | €955 | €618 | ▼ 35.3% |
| Other operating charges640/8 | €348 | €348 | €384 | €506 | €417 | ▼ 17.6% |
| Gross operating margin9900 | €2,426 | -€811 | €3,432 | €10,855 | -€32,197 | ▼ 397% |
| Operating profit (loss)9901 | €334 | -€2,904 | €2,521 | €9,394 | -€33,231 | ▼ 454% |
| Financial income75/76B | €62 | - | €1 | - | €7 | - |
| Recurring financial income75 | €62 | - | €1 | - | €7 | - |
| Financial charges65/66B | €253 | €207 | €199 | €185 | €185 | = |
| Recurring financial charges65 | €253 | €207 | €199 | €185 | €185 | = |
| Profit (loss) for the period before taxes9903 | €143 | -€3,111 | €2,322 | €9,210 | -€33,409 | ▼ 463% |
| Income taxes67/77 | - | - | - | - | €221 | - |
| Profit (loss) for the period9904 | €143 | -€3,111 | €2,322 | €9,210 | -€33,630 | ▼ 465% |
| Profit (loss) for the period to be appropriated9905 | €143 | -€3,111 | €2,322 | €9,210 | -€33,630 | ▼ 465% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €16,754 | €34,134 | €20,102 | €37,409 | €18,270 | ▼ 51.2% |
| Fixed assets21/28 | €1,745 | - | €623 | €1,378 | €760 | ▼ 44.8% |
| Tangible fixed assets22/27 | €1,745 | - | €623 | €1,378 | €760 | ▼ 44.8% |
| Plant, machinery and equipment23 | €318 | - | - | - | - | - |
| Furniture and vehicles24 | - | - | €623 | €1,378 | €760 | ▼ 44.8% |
| Leasing and similar rights25 | €1,427 | - | - | - | - | - |
| Current assets29/58 | €15,009 | €34,134 | €19,479 | €36,031 | €17,510 | ▼ 51.4% |
| Amounts receivable within one year40/41 | €10,580 | €28,474 | €8,068 | €15,540 | €313 | ▼ 98.0% |
| Trade receivables40 | €1,316 | €8,478 | €520 | €6,713 | €313 | ▼ 95.3% |
| Other amounts receivable41 | €9,264 | €19,996 | €7,548 | €8,827 | - | - |
| Cash at bank and in hand54/58 | €4,429 | €5,660 | €11,411 | €20,491 | €17,198 | ▼ 16.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €16,754 | €34,134 | €20,102 | €37,409 | €18,270 | ▼ 51.2% |
| Equity10/15 | €12,595 | €9,484 | €11,806 | €21,016 | -€12,614 | ▼ 160% |
| Contributions10/11 | €90,000 | €90,000 | €90,000 | €90,000 | €90,000 | = |
| Capital10 | €90,000 | €90,000 | €90,000 | €90,000 | €90,000 | = |
| Issued capital100 | €90,000 | €90,000 | €90,000 | €90,000 | €90,000 | = |
| Reserves13 | €9,000 | €9,000 | €9,000 | €9,000 | €9,000 | = |
| Non-distributable reserves130/1 | €9,000 | €9,000 | €9,000 | €9,000 | €9,000 | = |
| Legal reserve130 | €9,000 | €9,000 | €9,000 | €9,000 | €9,000 | = |
| Profit (loss) carried forward14 | -€86,405 | -€89,516 | -€87,194 | -€77,984 | -€111,614 | ▼ 43.1% |
| Amounts payable17/49 | €4,160 | €24,650 | €8,296 | €16,393 | €30,884 | ▲ 88.4% |
| Amounts payable within one year42/48 | €4,160 | €22,150 | €7,796 | €5,493 | €21,384 | ▲ 289% |
| Current portion of amounts payable after more than one year42 | €1,668 | €71 | - | - | - | - |
| Trade debts44 | €2,491 | €22,078 | €7,796 | €1,206 | €19,664 | ▲ 1,531% |
| Suppliers440/4 | €2,491 | €22,078 | €7,796 | €1,206 | €19,664 | ▲ 1,531% |
| Taxes, remuneration and social security45 | - | - | - | €4,287 | €1,720 | ▼ 59.9% |
| Taxes450/3 | - | - | - | €4,287 | €1,720 | ▼ 59.9% |
| Accrued charges and deferred income492/3 | - | €2,500 | €500 | €10,900 | €9,500 | ▼ 12.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €143 | -€3,111 | €2,322 | €9,210 | -€33,630 | ▼ 465% |
| + Depreciation and write-downs630 | €1,745 | €1,745 | €527 | €955 | €618 | ▼ 35.3% |
| Operating cash flow (approximation) | €1,888 | -€1,365 | €2,849 | €10,165 | -€33,012 | ▼ 425% |
| Investment in fixed assets (approximation) | - | - | - | -€1,710 | €0 | ▲ 100% |
| Change in cash | - | €1,231 | €5,751 | €9,080 | -€3,294 | ▼ 136% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-09
State Gazette act
Resignations: Quintyn Jeanne (director) and SRL Oscar Management (director)Appointment: Jean-Jacques Fayt (managing director) · Director discharge7 facts ▸
State Gazette act
Resignations: Quintyn Jeanne (director) and SRL Oscar Management (director)
Appointment: Jean-Jacques Fayt (managing director) · Director discharge7 facts ▸
- General meeting, 17-03-2026
- Director resignation, Quintyn Jeanne (director)
- Director resignation, SRL Oscar Management (director)
- Director discharge, Quintyn Jeanne (administrateur démissionnaire)
- Director discharge, SRL Oscar Management (administrateur démissionnaire)
- Director appointment, Jean-Jacques Fayt (managing director)
- Director appointment, Jean-Jacques Fayt (director)
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 10 days late
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 6.56
Current ratio from 2.50 to 6.56; short-term debt falls from €7,796 to €5,493.
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €2,322
Net result €2,322 after one loss-making year.
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
02-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 3.61
Current ratio from 1.79 to 3.61; short-term debt falls from €13,438 to €4,160.
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €5,932
Net result €5,932 after one loss-making year.
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-12
Financial
Weakest financial yearnet -€48,872
Net result drops to -€48,872, the lowest in the series; recovery starts the following year.
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, 1 in day-to-day management, last change in 2026
Board 1
Jean-Jacques Fayt
CurrentDirector · since 17-03-2026
Day-to-day management 1
Jean-Jacques Fayt
CurrentManaging director · since 29-09-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
6 of this company's 7 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Evere · 1 establishment unit since 2012
Ground area
1,190 m²
Building footprint
803 m²
Volume, LiDAR
5,747 m³
Parcel 21372C0114/00F007, Brussels · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
ELEVEN3
since 20122.210.178.157
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21372C0114/00F007 | Brussels | 1,190 m² | 1 · 803 m² | 11.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
3 people since 2026, 1 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Jean-Jacques Fayt |
|
| Quintyn Jeanne |
|
| SRL Oscar Management |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
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Shareholding
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Of 1,439 companies in sector 79110 we hold annual accounts for 882. 527 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded31-05-2012
Fiscal year end31-12
Activities, NACEBEL 2025
79110Travel agency activities
73110Advertising agencies
82990Other business support services
93299Other amusement and recreation activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0846253536
Also
9925:BE0846253536
Registered
13-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.