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NEPTUNE PROJECTS

Active
Private limited companyfounded 2011active for 15 yearsBlekerijstraat 1, 8870 Izegem, BelgiumKBO/BCE: BE 0838.602.612
Summary

NEPTUNE PROJECTS has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €93,896 and a net result of €2,909. Equity has been growing by about 19% per year since 2019. Its solvency ranks better than 22% of 555 sector peers (NACE 79, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 18-08-2011 Normal situation
Activity
Travel agency activities NACE 79110
Joint committee
200 Aanvullend Paritair Comité voor de bedienden · annual accounts 30-09-2025
Establishment unit
2.204.882.749 8870 Izegem, since 15-12-2011
Financial year end
30 September
Peppol
Reachable

Board and ownership

Board
  • Decoopman Ann MargrietDirector · since 18-08-2011
  • Demaegt Dominik GeorgesDirector · since 01-07-2014

Financial position

92 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts to 30-09-2025
Gross margin
€116,792
▼ 12.2%
Turnover
≈ €290,000
estimated
Profit
€2,909
▼ 87.9%
Equity
€93,896
▲ 3.2%
Total assets
€866,282
▲ 10.4%
Employees on 30-09-2025
3
▲ 200%
Filed on 27-04-2026, 3 days before the deadline
Score breakdownraises riskEquity €93,896 (10.8% of total assets)lowers riskSize: total assets €866,282Figures for financial year 2025 (filed on 27-04-2026)Founded in 2011Show the evidence

Checked score

Score 2025
92 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 39% of micro companies in travel agencies (NACE 79)
Financial strength · tick: 2024
Average
Solvency 36-1
equity 10.8% of total assets
Liquidity 57-5
short-term debt 75.6% · cash 38.2%
Profitability 60-13
return on assets 0.3%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (1,004 companies, NACE 79, micro)
Last 24 months 12-2024: 0.3% 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.4%▲ +0.1 percentage points vs 03-2025highest value 05-2025: 0.2%▼ -0.2 percentage points vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.3%▲ +0.1 percentage points vs 10-2025 12-2025: 0.2%▼ -0.1 percentage points vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.3%▲ +0.1 percentage points vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.1%▼ -0.2 percentage points vs 04-2026lowest value 06-2026: 0.1%● unchanged vs 05-2026lowest value 07-2026: 0.1%● unchanged vs 06-2026lowest value 08-2026: 0.1%● unchanged vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026
Credit of up to €8,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.97 (0.95 in 2024), below 1. Short-term debt is 75.6% and cash 38.2% of total assets. 89.2% of the assets are financed with debt and provisions.
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 21% of them on solvency, 46% on liquidity, 45% on profitability and 46% on growth.

The bankruptcy probability was computed on 01-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €866,282
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Equity €93,896 (10.8% of total assets)
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 27-04-2026)
NBB · annual accounts
lowers risk · Founded in 2011
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 555 sector peers (2025).
NBB · sector comparison
Position among 555 sector peers
Solvency
better than 22%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-04-2026, 3 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
3 days early
2024
2 days early
2023
5 days early
2022
5 days early
2021
3 days late
2020
1 day early
2019
1 day 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 2 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 financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 27 April (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end02-11-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Higher gross margin than 82% of companies in travel agenciessector median €29,370 · 554 companies €116,792 View
  • Positive: 5 profitable years in a rowprofit 2025: €2,909 5 years View
  • Positive: Filed on time since financial year 2022accounts within the deadline every year 4 years View

Recent changes

  1. · Gazette deed Amendment of the articles · Legal-form change
  2. · Gazette deed Incorporation
All 15 events

Comparable companies

These companies have the same main activity as NEPTUNE PROJECTS: travel agency activities (NACE 79110). They are comparable in size and age: total assets between €639,000 and €1.1m, founded between 2010 and 2015.

CompanyTotal assetsGross margin
NEPTUNE PROJECTS Izegem€0.9m€0.1m
UniQuest Poperinge€0.8m€0.1m
SEDONA TRAVEL Kapellen€0.8m€0.1m
RESOLVERE Dilbeek€0.9m€0.1m
Flamme Rouge Zwevegem€0.8m€0.08m
Continental Tours Reiskantoren Knokke-Heist€0.6m€0.1m
YINDI TRAVEL Kortrijk€1.1m€0.1m
Full comparison

Key facts about NEPTUNE PROJECTS

What is the company number of NEPTUNE PROJECTS?
The company number of NEPTUNE PROJECTS is 0838.602.612. The VAT number is the same number with BE in front: BE 0838.602.612.
Where is NEPTUNE PROJECTS based?
The registered office is at Blekerijstraat 1, 8870 Izegem.Company details
What does NEPTUNE PROJECTS do?
According to the KBO register, the main activity is travel agency activities (NACE 79110).
What is the legal form of NEPTUNE PROJECTS?
The legal form of NEPTUNE PROJECTS is Private limited company (BV).
When was NEPTUNE PROJECTS founded?
NEPTUNE PROJECTS was founded on 18-08-2011.
Is NEPTUNE PROJECTS still active?
Yes, NEPTUNE PROJECTS is an active enterprise in the KBO register.
How many employees does NEPTUNE PROJECTS have?
NEPTUNE PROJECTS had an average of 2.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does NEPTUNE PROJECTS fall under?
In its 30-09-2025 annual accounts, NEPTUNE PROJECTS states joint committee 200 (Aanvullend Paritair Comité voor de bedienden).
What is the turnover of NEPTUNE PROJECTS?
The turnover in financial year 2025 is ≈ €290,000. This figure is estimated from the gross margin of €116,792 and 2,213 comparable companies of the same size. It probably lies between €200,000 and €450,000. It is a rough estimate.
Is NEPTUNE PROJECTS profitable?
In financial year 2025, NEPTUNE PROJECTS made a profit of €2,909.
Where can I find the annual accounts of NEPTUNE PROJECTS?
NEPTUNE PROJECTS filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of NEPTUNE PROJECTS due?
NEPTUNE PROJECTS must file the annual accounts for financial year 2026 by 30-04-2027.Timeline

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