Fossee
ActiveSummary
Fossee has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €326,594 and a net result of €25,964. Equity is growing by ~3.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability77▼-2
Solvency100▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 17.98 against 24.05 in 2023; short-term debt: 4.8% and cash: 36.5% of total assets), and 20.1% of the assets are financed with debt.
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Signals
Three 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 →
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
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 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
37 d early
2023
50 d early
2022
39 d early
2021
40 d early
2020
40 d early
2019
15 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 37 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 22 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€326,594▲ 8.6%
2023 · €300,630
Total assets
€408,578▼ 9.5%
2023 · €451,341
Net result
€25,964▼ 28.6%
2023 · €36,362
Working capital
€334,266▼ 8.2%
2023 · €364,253
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
Line20202021202220232024
Operating result-€57,015-€17,303▲ 69.7%€40,520€38,553▼ 4.9%€27,780▼ 27.9%
Net result-€45,960within the sector's middle half-€17,995below the sector's middle half▲ 60.8%€35,527above the sector's middle half€36,362above the sector's middle half▲ 2.3%€25,964within the sector's middle half▼ 28.6%
Equity€246,736within the sector's middle half▼ 15.7%€228,740above the sector's middle half▼ 7.3%€264,268above the sector's middle half▲ 15.5%€300,630above the sector's middle half▲ 13.8%€326,594above the sector's middle half▲ 8.6%
Total assets€494,847within the sector's middle half▼ 27.1%€642,199above the sector's middle half▲ 29.8%€441,983above the sector's middle half▼ 31.2%€451,341above the sector's middle half▲ 2.1%€408,578above the sector's middle half▼ 9.5%
Debt€248,111▼ 35.8%€413,458▲ 66.6%€177,715▼ 57.0%€150,711▼ 15.2%€81,984▼ 45.6%
Working capital€424,459above the sector's middle half▼ 26.2%€596,429above the sector's middle half▲ 40.5%€323,656above the sector's middle half▼ 45.7%€364,253above the sector's middle half▲ 12.5%€334,266above the sector's middle half▼ 8.2%
Solvency49.9%above the sector's middle half▲ 6.8pp35.6%within the sector's middle half▼ 14.2pp59.8%within the sector's middle half▲ 24.2pp66.6%above the sector's middle half▲ 6.8pp79.9%above the sector's middle half▲ 13.3pp
Current ratio19.35above the sector's middle half▲ 3.9067.96above the sector's middle half▲ 48.6117.78above the sector's middle half▼ 50.1824.05above the sector's middle half▲ 6.2817.98above the sector's middle half▼ 6.08
Return on assets (ROA)-9.3%within the sector's middle half▼ 13.0pp-2.8%below the sector's middle half▲ 6.5pp8.0%within the sector's middle half▲ 10.8pp8.1%within the sector's middle half=6.4%within the sector's middle half▼ 1.7pp
Staff (FTE)0.6below the sector's middle half=1▲ 66.7%1=0.4▼ 60.0%
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 has fallen two years in a row; 2024 is 28% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €408,578
Fixed assets
€54,621 ▼ 23.4%
Current assets
€353,958 ▼ 6.9%
Equity and liabilities €408,578
Equity
€326,594 ▲ 8.6%
Debt
€81,984 ▼ 45.6%
Debt's share of the balance-sheet total falls from 33.4% to 20.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€49,810▼
2023 · €66,300
Cash flow
€47,994▼
2023 · €64,110
Quick ratio
17.93▼
2023 · 23.82
Debt to equity
0.25▼
2023 · 0.50
ROE
7.9%▼
2023 · 12.1%
Interest coverage
51.05▲
2023 · 35.03
Debt ≤ 1 year
€19,692▲
2023 · €15,800
Debt > 1 year
€14,032▼
2023 · €21,043
Income taxes
€2,596▼
2023 · €3,636
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.9% |
| 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 31,370 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €53,462 | - |
| Remuneration, social security and pensions62 | - | €6,949 | €22,820 | €20,401 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,282 | €13,260 | €14,582 | €27,748 | €22,030 | ▼ 20.6% |
| Other operating charges640/8 | - | €651 | €673 | €648 | €333 | ▼ 48.6% |
| Gross operating margin9900 | -€26,628 | €3,557 | €78,595 | €87,349 | €50,143 | ▼ 42.6% |
| Operating profit (loss)9901 | -€57,015 | -€17,303 | €40,520 | €38,553 | €27,780 | ▼ 27.9% |
| Financial income75/76B | - | €593 | - | €3,339 | €1,756 | ▼ 47.4% |
| Recurring financial income75 | - | €593 | - | €3,339 | €1,756 | ▼ 47.4% |
| Financial charges65/66B | - | €1,285 | €1,440 | €1,893 | €976 | ▼ 48.4% |
| Recurring financial charges65 | €1,194 | €1,285 | €1,440 | €1,893 | €976 | ▼ 48.4% |
| Profit (loss) for the period before taxes9903 | -€58,209 | -€17,995 | €39,080 | €39,999 | €28,560 | ▼ 28.6% |
| Income taxes67/77 | -€12,250 | - | €3,553 | €3,636 | €2,596 | ▼ 28.6% |
| Profit (loss) for the period9904 | -€45,960 | -€17,995 | €35,527 | €36,362 | €25,964 | ▼ 28.6% |
| Profit (loss) for the period to be appropriated9905 | -€45,960 | -€17,995 | €35,527 | €36,362 | €25,964 | ▼ 28.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €494,847 | €642,199 | €441,983 | €451,341 | €408,578 | ▼ 9.5% |
| Fixed assets21/28 | €47,255 | €36,862 | €99,035 | €71,288 | €54,621 | ▼ 23.4% |
| Tangible fixed assets22/27 | €47,255 | €36,862 | €99,035 | €71,288 | €54,621 | ▼ 23.4% |
| Land and buildings22 | - | €29,513 | €29,150 | €16,787 | €12,872 | ▼ 23.3% |
| Plant, machinery and equipment23 | - | €7,349 | €5,023 | €2,697 | €3,003 | ▲ 11.4% |
| Furniture and vehicles24 | - | - | €64,862 | €51,804 | €38,746 | ▼ 25.2% |
| Current assets29/58 | €447,591 | €605,337 | €342,948 | €380,053 | €353,958 | ▼ 6.9% |
| Stocks and contracts in progress3 | €3,885 | €3,788 | €3,129 | €3,627 | €983 | ▼ 72.9% |
| Stocks30/36 | - | €3,788 | €3,129 | €3,627 | €983 | ▼ 72.9% |
| Amounts receivable within one year40/41 | €338,828 | €319,914 | €291,907 | €321,088 | €72,487 | ▼ 77.4% |
| Trade receivables40 | - | €311,030 | €273,509 | €268,265 | €61,159 | ▼ 77.2% |
| Other amounts receivable41 | - | €8,884 | €18,398 | €52,823 | €11,328 | ▼ 78.6% |
| Current investments50/53 | - | - | - | - | €125,000 | - |
| Cash at bank and in hand54/58 | €75,698 | €27,146 | €41,690 | €44,954 | €148,983 | ▲ 231% |
| Deferred charges and accrued income490/1 | - | €254,489 | €6,221 | €10,384 | €6,504 | ▼ 37.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €494,847 | €642,199 | €441,983 | €451,341 | €408,578 | ▼ 9.5% |
| Equity10/15 | €246,736 | €228,740 | €264,268 | €300,630 | €326,594 | ▲ 8.6% |
| Contributions10/11 | - | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Reserves13 | €131,535 | €131,535 | €167,062 | €203,425 | €229,388 | ▲ 12.8% |
| Non-distributable reserves130/1 | - | €3,099 | €3,099 | €3,099 | - | - |
| Reserves not available under the articles1311 | - | €3,099 | €3,099 | €3,099 | - | - |
| Distributable reserves133 | - | €128,436 | €163,964 | €200,326 | €229,388 | ▲ 14.5% |
| Profit (loss) carried forward14 | €84,214 | €66,219 | €66,219 | €66,219 | €66,219 | = |
| Amounts payable17/49 | €248,111 | €413,458 | €177,715 | €150,711 | €81,984 | ▼ 45.6% |
| Amounts payable after more than one year17 | - | - | €27,849 | €21,043 | €14,032 | ▼ 33.3% |
| Financial debts170/4 | - | - | €27,849 | €21,043 | €14,032 | ▼ 33.3% |
| Amounts payable within one year42/48 | €23,133 | €8,908 | €19,291 | €15,800 | €19,692 | ▲ 24.6% |
| Current portion of amounts payable after more than one year42 | - | - | €6,609 | €6,807 | €7,011 | ▲ 3.0% |
| Trade debts44 | €3,997 | €3,707 | €3,055 | €3,857 | €502 | ▼ 87.0% |
| Suppliers440/4 | - | €3,707 | €3,055 | €3,857 | €502 | ▼ 87.0% |
| Taxes, remuneration and social security45 | - | €1,201 | €3,553 | €5,136 | €12,178 | ▲ 137% |
| Taxes450/3 | - | - | €3,553 | €3,636 | €12,178 | ▲ 235% |
| Remuneration and social security454/9 | - | €1,201 | - | €1,500 | - | - |
| Other amounts payable47/48 | - | €4,000 | €6,075 | - | - | - |
| Accrued charges and deferred income492/3 | - | €404,550 | €130,574 | €113,868 | €48,261 | ▼ 57.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€45,960 | -€17,995 | €35,527 | €36,362 | €25,964 | ▼ 28.6% |
| + Depreciation and write-downs630 | €22,282 | €13,260 | €14,582 | €27,748 | €22,030 | ▼ 20.6% |
| Operating cash flow (approximation) | -€23,678 | -€4,736 | €50,109 | €64,110 | €47,994 | ▼ 25.1% |
| Investment in fixed assets (approximation) | - | -€2,866 | -€76,755 | €0 | -€5,363 | - |
| Change in cash | - | -€48,553 | €14,545 | €3,264 | €104,029 | ▲ 3,087% |
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
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €36,362 ▲2.3%
Net result €36,362, the highest in the series.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €35,527
Net result €35,527 after 2 loss-making years.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity quadruplescurrent ratio 67.96
Current ratio from 19.35 to 67.96; short-term debt falls from €23,133 to €8,908.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€45,960
Net result drops to -€45,960, the lowest in the series; recovery starts the following year.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-06
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.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Lommel · 1 establishment unit since 2001
Ground area
1,546 m²
Building footprint
218 m²
Volume, LiDAR
1,649 m³
Parcel 72345B0855/00L089, Flanders · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
COCON REIZEN
since 20012.046.608.344
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72345B0855/00L089 | Flanders | 1,546 m² | 1 · 218 m² | 11.7 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 11,250 EUR awarded · 11,250 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 11,250 EUR | 11,250 EUR |
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Of 1,439 companies in sector 79110 we hold annual accounts for 882. 695 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-12-1989
Fiscal year end31-12
Activities, NACEBEL 2025
79110Travel agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0439317552
Also
9925:BE0439317552
Registered
14-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.