Active BE 0799.115.395Private limited companyOpen bankruptcy

L&S TRAVEL

Tête-d'Ormestraat 35 ·7700 Mouscron, Belgium· 3 yrs active

Sector: Scheduled passenger transport by road (49310)

Conclusion Checked

A bankruptcy procedure is open for L&S TRAVEL according to publications in the Belgian State Gazette. The 2024 annual accounts show negative equity (€-59k) and a net result of €-34k.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€-59k
Net result	€-34k
Staff (FTE)	3.1
Better than sector	5%

Financial profile 5 of 5 axes measured · computed by Checked

33 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 100

Solvency 33

Growth 32

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2024 · computed

0 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview2 NBB filings

Annual accounts filed on 02-07-2025 with the NBB · fiscal year 2024 · micro schema

Operating resultNet result

Sector comparison

Fiscal year 2024 · NACE 49, Land transport and transport via pipelines · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-100.4%	27.3%	better than 5% of 2276 sector peers
Net result	€-34k	€5k	better than 5% of 2257 sector peers
Equity	€-59k	€17k	better than 5% of 2281 sector peers
Gross operating margin	€70k	€28k	better than 72% of 2245 sector peers
Staff costs	€58k	€37k	higher than 60% of 1028 sector peers

EBITDA

€-15k

-113.6% 23-24

Net profit

€-34k

-32.5% 23-24

Cash flow

€-21k

-92.7% 23-24

Total assets

€59k

-37.2% 23-24

Equity

€-59k

-137.8% 23-24

Working capital

€-54k

-14.9% 23-24

Employees (FTE)

3

+3.3% 23-24

Staff costs

€58k

+49.7% 23-24

Debt

€119k

-0.5% 23-24

Debt ≤ 1y

€61k

+14.4% 23-24

Debt > 1y

€58k

-12.3% 23-24

Current ratio

0.11

-3.6% 23-24

Quick ratio

0.11

-3.6% 23-24

Solvency

-100.4%

-278.4% 23-24

Debt / equity

-2.00

+58.1% 23-24

ROE

57.9%

-44.3% 23-24

ROA

-58.2%

-110.9% 23-24

Interest coverage

-2.16

-35.4% 23-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro schema
Revenue	-
EBITDA	€-15k
Net profit	€-34k
Cash flow	€-21k
Staff costs	€58k
Income taxes	-
Dividends	-
Total assets	€59k
Equity	€-59k
Debt	€119k
of which ≤ 1y	€61k
of which > 1y	€58k
Working capital	€-54k
Employees (FTE)	3.1

Ratios (computed)

	2024
Current ratio	0.11
Quick ratio	0.11
Working capital ratio	-91.1%
Solvency	-100.4%
Debt / equity	-2.00
Long-term debt ratio	-0.97
Interest coverage	-2.16
Gross margin	-
Net margin	-
ROA	-58.2%
ROE	57.9%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →

Balance-sheet composition 2024

Assets

Fixed assets €52k · 88.4% Current assets €7k · 11.7%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€59k
Fixed assets	21/28	€52k
Tangible fixed assets	22/27	€52k
Financial fixed assets	28	€800
Current assets	29/58	€7k
Amounts receivable within one year	40/41	€6k
Cash & bank	54/58	€676
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€59k
Equity	10/15	€-59k
Contributions / capital	10/11	€1k
Accumulated profits (losses)	14	€-60k
Amounts payable	17/49	€119k
Amounts payable after one year	17	€58k
Amounts payable within one year	42/48	€61k
Trade debts payable within one year	44	€2k
Income statement
Gross operating margin	9900	€70k
Operating result	9901	€-28k
Financial income	75	€6
Financial charges	65	€7k
Result before taxes	9903	€-34k
Net result for the period	9904	€-34k
Result to be appropriated	9905	€-34k

Directors & mandates1 person

Role	Name	Tenure
Curator	AXEL CABY DREVE GUSTAVE FACHE 3, 7700 MOUSCRON- . Date provisoire de cessation de paiement : 04/11/2025	04-11-2025 → present

Legal Structure

NACE primary	Scheduled passenger transport by road(49310)
Legal form	Private limited company(610)
Incorporation	02-03-2023
Status	Active
Postal code	7700
First insolvency signal	12-11-2025
Latest insolvency signal	12-11-2025

Establishment units 1 location

L&S Travel

Tête-d'Ormestraat 35, 7700 MouscronLand transport and transport via pipelines

since 20232.342.369.757

Real-estate footprint Source: CBE × cadastre

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
54434F1023/00M000	Wallonia	211 m²	1 · 41 m²	10.7 m · 3 fl.

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.

Updates 3 events

All 3Signals 1Filings 2

2025

12-11

Bankruptcy Opening

Tribunal de l’entreprise du Hainaut, division Tournai · L&S TRAVEL SRL RUE DE LA TETE- D’ORME 35, 7700 MOUSCRON · event 04-11-2025

02-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

01-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

SignalNBB filing

Lifecycle & Insolvency Signals1 events

12-11-2025

Bankruptcy Opening

Date: 04-11-2025 · Tribunal de l’entreprise du Hainaut, division Tournai · L&S TRAVEL SRL RUE DE LA TETE- D’ORME 35, 7700 MOUSCRON · Publications in State Gazette ↗

Time machine, BS events + macro context 2021, 2026

Macro context

2020-Q2/Q3 COVID lockdown

2022 energy crisis

2023-2024 ECB rate hikes

Legend

Bankruptcy

Interim / reorg

KBO event

Belgian State Gazette reading coverage 0 of 1 acts read

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

No credit: a bankruptcy procedure is open.

Company registry (CBE) Crossroads Bank

Activities

Scheduled passenger transport by road49310

Names & trade names

Legal nameFR

L&S TRAVEL

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