Losses
-€26,603 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
FIRST CLASS TRAVEL
Lifetime
11 annual accounts with figures on one time axispeak €157,368 (2015)
€40,202▲ 61.8%
lowest -€19,452 (2024)
-€7,151▲ €12,302
peak €92,053 (2023)
€65,450▼ 9.8%
€191,126▲ 5.7%
peak 2 FTE (2016)
-not published
Board2 names since 2015
2 directorsBrenig Salomon and 1 other
Owners2 names in the annual accounts
100%BRENIG CONSULTING and 1 other
Documentsfilings and deeds
06-07-202625 days before the deadline
2025abbreviated format
Gross margin from €24,850 to €40,202Loss of €7,151Cash from €17,886 to €35,460
Key points
from the 2025 annual accountsTurnover
≈ €140,000 estimated
The accounts state no turnover.
Debts
€191,126 74% of the balance sheet
Financial debts 60%Suppliers 32%Taxes and wages 3%Other 5%
€122,429 of the debts are secured on the company's own assets. In 2023 that was €130,420.
Filings
11 annual accounts since 2015
The last five annual accounts were filed 16 to 51 days before the end of the period.
At the same address
8 companies
Position in the sector
-€7,151
Lower net result than 85% of companies in travel agencies. Sector median €25,669 · 313 companies.
Checked score
87
Excellent
Financially stronger than 32% of micro companies in travel agencies (NACE 79)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 1,004 companies (NACE 79, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.6%▲ +0.1 percentage points vs 06-2025
08-2025: 0.6%● unchanged vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025highest value
12-2025: 0.5%▼ -0.1 percentage points vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.6%▲ +0.1 percentage points vs 03-2026
05-2026: 0.5%▼ -0.1 percentage points vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.6%▲ +0.1 percentage points vs 06-2026
08-2026: 0.2%▼ -0.4 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Loss of €7,151, the second in a row (financial year 2025)
lowers risk
Size: total assets €256,576
Founded in 2015
Liquidity: current ratio 0.84, cash €35,460
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 79, micro). It does better than 39% of them on solvency, 43% on liquidity, 20% on profitability and 24% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,166 companies had the same profile as FIRST CLASS TRAVEL has now. Each dot stands for 6 companies, two years later.
94.1%
were still trading
3.0%
stopped another way
2.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of FIRST CLASS TRAVEL itself is lower: 0.2% within 12 months. It rests on far more data about FIRST CLASS TRAVEL than the profile alone.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 2,166 companies, not a prediction for FIRST CLASS TRAVEL. 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 of up to €5,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.84 (0.96 in 2024), below 1. Short-term debt is 29.9% and cash 13.8% of total assets. 74.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€7,151
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 days early
2024
51 days early
2023
30 days early
2022
48 days early
2021
16 days early
2020
51 days early
2019
56 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 40 days before the deadline. In the sector (NACE 79), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 2 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
BS
Brenig Salomon
Director, since 09-01-2015
RJ
Reich Joseph
Director, since 09-01-2015
- BRENIG CONSULTING 100%score 95equity €43,113 (2025) · 2025 annual accounts of BRENIG CONSULTING
- REICH CONSULTING 100%score 96equity €58,888 (2025) · 2025 annual accounts of REICH CONSULTING
- JOSEPH REICHannual accounts 2022
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0568586977
Amendment of the articles · Legal-form change · Resignations & appointments
Director in office: Reich Joseph · Director in office: Brenig Salomon · Gazette deed
Incorporation
published on 14-01-2015 · Gazette deed
First establishment
Hoveniersstraat 46, Antwerp
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FIRST CLASS TRAVEL Antwerp | €256,576 | €40,202 | 25.5% | - |
| AXI-VIA Grobbendonk | €379,601 | €22,966 | 16.7% | - |
| Cheap Travel N-Sar Beringen | €382,045 | €58,904 | 37.6% | - |
| N.I.C.E. KOSMOPOLITAN Schelle | €409,327 | €65,627 | 23.3% | - |
| TOMEETO Mechelen | €355,420 | €57,720 | 16.9% | - |
| De Dielis Hamont-Achel | €370,693 | €54,829 | -5.0% | - |
| SIRE en Co. Merchtem | €272,620 | €103,278 | 84.4% | - |
These companies have the same main activity as FIRST CLASS TRAVEL: travel agency, tour operator and other reservation service and related activities (NACE 79120). They are comparable in size and age: total assets between €273,000 and €409,000, founded between 2010 and 2020.
Official details
Source: KBO- Status
- Active since 12-01-2015Normal situation
- Registered office
- 10 active companies are registered at this addressSource: KBO register, as of 10 November 2026.
- Activity
- Travel agency, tour operator and other reservation service and related activitiesNACE 79120and 1 other
- Establishment unit
- 2.238.034.7752018 Antwerp, since 12-01-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 09-11-2026
Annual accounts 2025
- €256,576▲ 1.2%
- Filing
- Filed on 06-07-2026, 25 days before the end of the filing period
Insights on FIRST CLASS TRAVEL
FIRST CLASS TRAVEL files the abbreviated format. That format states no turnover. The gross margin fell from €157,368 in 2015 to €40,202 in 2025.
The balance sheet grew most from 2017 to 2019 through fixed assets.
BRENIG CONSULTING 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 FIRST CLASS TRAVEL
- What is the company number of FIRST CLASS TRAVEL?
- The company number of FIRST CLASS TRAVEL is 0568.586.977. The VAT number is the same number with BE in front: BE 0568.586.977.
- Where is FIRST CLASS TRAVEL based?
- The registered office is at Hoveniersstraat 46, 2018 Antwerp.Company details
- What does FIRST CLASS TRAVEL 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 FIRST CLASS TRAVEL?
- FIRST CLASS TRAVEL is a private limited company (BV).
- When was FIRST CLASS TRAVEL founded?
- FIRST CLASS TRAVEL was founded on 12-01-2015.
- Is FIRST CLASS TRAVEL still active?
- Yes, FIRST CLASS TRAVEL is an active enterprise in the KBO register.
- What is the turnover of FIRST CLASS TRAVEL?
- The turnover in financial year 2025 is ≈ €140,000. This figure is estimated from the gross margin of €40,202 and 1,231 comparable companies of the same size. It probably lies between €77,000 and €270,000. It is a rough estimate.Financials
- Is FIRST CLASS TRAVEL profitable?
- In financial year 2025, FIRST CLASS TRAVEL made a loss of €7,151.
- Where can I find the annual accounts of FIRST CLASS TRAVEL?
- FIRST CLASS TRAVEL filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FIRST CLASS TRAVEL due?
- FIRST CLASS TRAVEL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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