Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
From profit to loss in 2025, after a profit of €28,620 in 2024.
Of this, €149,809 falls due within a year.
Green is investment, beige is depreciation.
In 2025, 4 people joined and 2 left.
Board changed. Latest change 22-09-2026 · 4 in office.
Negative equity caps the score at 59.
The dashed line is the sector median: 0.2% across 1,004 companies (NACE 79, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 9% of them on solvency, 55% on liquidity, 6% on profitability and 2% on growth.
The bankruptcy probability was computed on 08-11-2026 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 low class on 30-06-2025, 0.8% 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).
In July 2024, 6,008 companies had the same profile as GREENTRIPPER has now. Each dot stands for 16 companies, two years later.
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of GREENTRIPPER itself is lower: 1.1% within 12 months. It rests on far more data about GREENTRIPPER than the profile alone.
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 6,008 companies, not a prediction for GREENTRIPPER. 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.
Liquidity is tight, with a current ratio of 1.36 (1.15 in 2024), below the usual 1.5. Short-term debt is 40.9% and cash 26.2% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 65 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.
| Company | ||||
|---|---|---|---|---|
| GREENTRIPPER Brussels | €366,258 | €167,637 | -13.8% | - |
| U TRAVEL Brussels | €461,432 | €276,176 | 40.4% | - |
| MEMORIA Woluwe-Saint-Lambert | €469,148 | €191,797 | -65.9% | - |
| Maison du Tourisme du Brabant wallon Wavre | €475,373 | €148,205 | 62.8% | - |
| Youreka Bruges | €325,588 | €90,602 | -18.3% | - |
| DE SMEDERIJ Herent | €358,668 | €332,931 | -20.4% | 5.3 |
| BUENDIA TOURS Brussels | €406,232 | €200,565 | 2.4% | 6.4 |
These companies have the same main activity as GREENTRIPPER: tourist information services (NACE 79901). They are comparable in size and age: total assets between €326,000 and €475,000, founded between 2014 and 2019.
GREENTRIPPER files the micro format. That format states no turnover. The gross margin rose from €24,241 in 2019 to €167,637 in 2025.
In September 2026, the Official Gazette published the appointment of LUCYA as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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