Turnover
≈ €180,000 estimated
The micro format states no turnover.
Olabus
Overview
Lifetime
2 annual accounts with figures on one time axispeak €23,243 (2025)
€23,243▲ €33,874
lowest -€10,692 (2024)
€18,096▲ €28,788
peak €7,404 (2025)
€7,404▲ €18,096
€56,042▲ 117%
Board2 names since 2024
1 directorCVEA LTD S. Etr.
Documentsfilings and deeds
28-08-202628 days late
2025micro format
Gross margin from -€10,631 to €23,243Back to profit: €18,096Equity from -€10,692 to €7,404Debts from €25,781 to €56,042Cash from €11,280 to €36,009
Key points
from the 2025 annual accountsDebts
€56,042 88% of the balance sheet
Suppliers 62%Taxes and wages 11%Other 27%
Liquidity
1.13 was 0.57 in 2024
Short-term debts rose from €25,781 to €56,042.
Starting capital
€1,500 150 shares
At the same address
88 companies
Position in the sector
€7,404
Less equity than 80% of companies in travel agencies. Sector median €59,315 · 560 companies.
2025 accounts filed 28 days after the deadline
Checked score
67
Healthy
Financially stronger than 62% of micro companies in travel agencies (NACE 79)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.1% 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 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
09-2025: 0.9%lowest value
10-2025: 0.9%● unchanged vs 09-2025lowest value
11-2025: 0.9%● unchanged vs 10-2025lowest value
12-2025: 1.0%▲ +0.1 percentage points vs 11-2025
01-2026: 1.0%● unchanged vs 12-2025
02-2026: 1.0%● unchanged vs 01-2026
03-2026: 1.0%● unchanged vs 02-2026
04-2026: 1.0%● unchanged vs 03-2026
05-2026: 1.0%● unchanged vs 04-2026
06-2026: 1.0%● unchanged vs 05-2026
07-2026: 1.1%▲ +0.1 percentage points vs 06-2026
08-2026: 1.7%▲ +0.6 percentage points vs 07-2026highest value
09-2026: 1.1%▼ -0.6 percentage points vs 08-2026
10-2026: 1.1%● unchanged vs 09-2026
11-2026: 1.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2024
Equity €7,404 (11.7% of total assets)
Last filed accounts filed 28 days late
lowers risk
Liquidity: current ratio 1.13, cash €36,009
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, 37% on liquidity, 95% on profitability and 95% on growth.
The bankruptcy probability was computed on 10-11-2026 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).
Comparable companies, two years later
In July 2024, 7,976 companies had the same profile as Olabus has now. Each dot stands for 20 companies, two years later.
94.3%
were still trading
1.8%
stopped another way
3.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Olabus itself: 1.1% within 12 months.
Test of the method
The method was tested on the 497,448 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 7,976 companies, not a prediction for Olabus. 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 check for an amount and term of your choice
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.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 559 sector peers (2025).
NBB · sector comparisonPosition among 559 sector peers
Solvency
better than 23%
← weakest
strongest →
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filingsDeviation from the deadline
2025
28 days late
2024
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 14 days after 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.
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
CL
CVEA LTD S. Etr.
Director
- NAKACHE William Abner Joseph 60 sharesdeed of 22-08-2024
- TAMSOT Charles Eliran 90 sharesdeed of 22-08-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1012609229
Incorporation
Founding capital of €1,500, 150 shares · Founders: NAKACHE William Abner Joseph and TAMSOT Charles Eliran · Appointment: CVEA LTD (director) · published on 22-08-2024 · Gazette deed
First establishment
Sint-Michielslaan 65, Etterbeek
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Olabus Etterbeek | €63,446 | €23,243 | 11.7% | - |
| BIL REIZEN Molenbeek-Saint-Jean | €58,526 | €37,373 | 65.3% | - |
| Katharos Herentals | €113,159 | €14,040 | 12.8% | - |
| DAL Projects Edegem | €63,686 | €12,434 | 58.4% | - |
| Wildquest Nazareth-De Pinte | €93,638 | €48,705 | 65.8% | - |
| SV Travel & Experience Leuven | €79,482 | €64,078 | 67.6% | - |
| RideOut Lievegem | €143,842 | €37,987 | 22.6% | - |
These companies have the same main activity as Olabus: travel agency, tour operator and other reservation service and related activities (NACE 79120). They are comparable in size and age: total assets between €58,500 and €144,000, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 20-08-2024Normal situation
- Registered office
- 90 active companies are registered at this address13 started in the 12 months before. Source: KBO register, as of 11 November 2026.
- Activity
- Travel agency, tour operator and other reservation service and related activitiesNACE 79120and 4 others
- Establishment unit
- 2.362.785.8811040 Etterbeek, since 20-08-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 10-07-2025
Insights on Olabus
Olabus has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7,404 and a net result of €18,096.
Its solvency ranks better than 23% of 559 sector peers (NACE 79, financial year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 28-08-2026, 28 days late€23,243
▲ €33,874
€23,243
▲ €33,874
€18,096
▲ €28,788
€7,089
▲ €18,096
11.7%
▲ 82.5 percentage points
1.13
▲ 0.55
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €180,000. Estimated: probably between €81,000 and €420,000.
Balance sheet
balance sheet total €63,446 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
11.7%
Higher than 23% of 559 companies in 2025.
1.13
Higher than 27% of 539 companies in 2025.
28.5%
Higher than 88% of 542 companies in 2025.
Olabus
Middle half of the sector
80% of the sector
Micro accounts in travel agencies (NACE 79)
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
63,446 | 15,089 | |
21/28 |
315 | 315 | |
28 |
315 | 315 | |
29/58 |
63,131 | 14,774 | |
40/41 |
27,122 | 3,493 | |
40 |
27,122 | 3,057 | |
41 |
- | 437 | |
54/58 |
36,009 | 11,280 | |
| Balance sheet: equity and liabilities | |||
10/49 |
63,446 | 15,089 | |
10/15 |
7,404 | -10,692 | |
13 |
7,404 | - | |
133 |
7,404 | - | |
14 |
- | -10,692 | |
17/49 |
56,042 | 25,781 | |
42/48 |
56,042 | 25,781 | |
44 |
34,836 | 20,607 | |
440/4 |
34,836 | 20,607 | |
46 |
9,749 | 5,174 | |
45 |
6,271 | - | |
450/3 |
6,271 | - | |
47/48 |
5,186 | - | |
| Income statement | |||
9900 |
23,243 | -10,631 | |
9901 |
23,243 | -10,631 | |
75/76B |
7 | - | |
75 |
7 | - | |
65/66B |
631 | 61 | |
65 |
631 | 61 | |
9903 |
22,620 | -10,692 | |
67/77 |
4,524 | - | |
9904 |
18,096 | -10,692 | |
9905 |
18,096 | -10,692 | |
| Appropriation of the result | |||
9906 |
7,404 | -10,692 | |
14P |
-10,692 | - | |
691/2 |
7,404 | - | |
6921 |
7,404 | - | |
| Document | |||
The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 28-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 28 days after the deadline. Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00445846.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| - | 315 | ||
| 24,729 | - | ||
| 7,089 | -11,007 | ||
| 11.7% | -70.9% | ||
| 1.13 | 0.57 | ||
| 7.57 | - | ||
| 244.4% | - | ||
| 28.5% | -70.9% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Financial fixed assets | - | €315 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on Olabus
The operating result for 2025 is a profit of €23,243, after a loss of €10,631 in 2024.
Debt's share of the balance-sheet total is 88.3%.
Board & ownership
Board
1 director, since incorporationMandates through the years
2 names, the dashed line is todayCVEA LTD S. Etr.
Director
Director
CVEA LTD
Director
Director
BoardEarliermandate already running before its first mentionend not dated
Mandates as a list
- CVEA LTD S. Etr.
- Director, since before 31-12-2025
- CVEA LTD
- Director, appointed by deed of 22-08-2024, no longer listed in the 2025 annual accounts
Control
Founders
NAKACHE William Abner Joseph, TAMSOT Charles Eliran
This company
Olabus
Equity €7,404
Profit €18,096 in 2025
Capital
- Contribution
- €1,500
- Shares
- 150
- Contribution per share
- €10
- Equity per share
- €49.36 in 2025
- Source
- deed of 22-08-2024
Articles of association
deed of 22-08-2024 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of June
Shareholders
At incorporation
deed of 22-08-2024 ↗
- NAKACHE William Abner Joseph 60 shares (40%) · €600 in cash
- TAMSOT Charles Eliran 90 shares (60%) · €900 in cash
Network & group
No group
Olabus has no parent and no holdings in its annual accounts. CVEA LTD S. Etr. is the only director. Olabus shares no director with another company.
At the same address
Sint-Michielslaan 65, 1040 Etterbeek · 89 other companies| HEALTHCARE ACTIVOS INMOBILIARIOS 40, S.L.U.
establishment since 20-12-2022 · founded in 2022 |
total assets €60.3m (2023) 0795.127.410 |
| NHOA Belgium
registered office since 28-11-2024 · founded in 2024 · negative equity (2025) |
total assets €34.0m (2025) 1016.721.534 |
| Asteria Infrastructure
registered office since 19-11-2015 · founded in 2015 |
4.3 FTE (2025) 0643.457.715 |
| IMMO - JACO
registered office since 13-06-1979 · founded in 1979 |
total assets €12.9m (2025) 0419.587.653 |
| trigom
registered office since 01-07-2003 · founded in 2003 |
total assets €5.3m (2025) 0480.189.887 |
| WORK IN PROGRESS BELGIUM
registered office since 03-07-2013 · founded in 2013 |
32 FTE (2025) 0535.877.488 |
| PASEK BELGIË
registered office since 01-03-2024 · founded in 2019 |
22 FTE (2025) 0720.913.797 |
| KTRI EUROPE
establishment since 01-01-2025 · founded in 2024 |
total assets €4.0m (2025) 1017.326.003 |
| Long Duration Energy Storage Council
registered office since 13-04-2022 · founded in 2022 |
turnover €2.6m (2025) 0784.823.238 |
| Global Counsel Belgium
registered office since 03-02-2017 · founded in 2017 |
15 FTE (2024) 0670.731.937 |
Timeline
Timeline
6 events since 2024Filings
Financial
Establishments
202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 28 days late
2025
Back to profit net €18,096 The net result is €18,096, after one loss-making year.
Annual accounts 2024 filed NBBmicro format · 1 day before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:1012609229
2024
IncorporationFounding capital of €1,500, 150 shares · Founders: NAKACHE William Abner Joseph and TAMSOT Charles Eliran · Appointment: CVEA LTD (director) · published on 22-08-20244 points ▸
- Founder, NAKACHE William Abner Joseph
- Founder, TAMSOT Charles Eliran
- Founding capital, €1,500, 150 shares
- Director appointment, CVEA LTD
- The deed holds 2 more points.
First establishment Sint-Michielslaan 65, Etterbeek
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 20 August 2024, Olabus was incorporated as a private limited company by two natural persons, with a starting capital of €1,500.12 CVEA LTD S. Etr. is director of the company according to the 2025 annual accounts.3 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Identity
- Enterprise number
- 1012.609.229
- VAT number
- BE 1012.609.229
- Peppol ID
- 0208:1012609229
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 20-08-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of Junedeed of 22-08-2024 (in French)
- Peppol
- Reachable since 10-07-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Olabus in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 22-08-2024 (in French)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Région de Bruxelles-Capitale”deed of 22-08-2024 (in French)
Activities
NACEBEL 202579120
Travel agency, tour operator and other reservation service and related activities main activity
63910
Web portal activities
Codes under NACEBEL 2008
79120
Travel agency, tour operator and other reservation service and related activities main activity
49390
Land transport and transport via pipelines
52210
Service activities incidental to land transportation
63110
Computing infrastructure, data processing, hosting and other information service activities
63120
Computing infrastructure, data processing, hosting and other information service activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “La conception, le développement, l'exploitation, la maintenance et la commercialisation d'une plateforme de réservation d'autocars en haute…”deed of 22-08-2024 (in French)
7 activities
- La conception, le développement, l'exploitation, la maintenance et la commercialisation d'une plateforme de réservation d'autocars en haute qualité.
- La mise à disposition d'une plateforme en ligne permettant aux utilisateurs de réserver des autocars répondant à des critères de confort, de sécurité et de service haut de gamme.
- La gestion et la coordination des services de transport par autocar, y compris la réservation, la facturation, le suivi et l'évaluation des services fournis, en qualité de commissionnaire.
- La sélection et l'accréditation de prestataires de transport qualifiés, offrant des véhicules et des services conformes aux normes de haute qualité.
- Le développement de partenariats avec des entreprises de transport, des agences de voyages et d'autres acteurs du secteur pour optimiser l'offre de services de transport en autocar.
- La réalisation de toutes opérations commerciales, financières, mobilières ou immobilières se rapportant directement ou indirectement à l'objet social ou susceptibles d'en faciliter la réalisation.
- Et plus généralement, toutes opérations industrielles, commerciales ou financières, mobilières ou immobilières, pouvant se rattacher directement ou indirectement à son objet ou à tous objets similaires ou connexes.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Sint-Michielslaan 65 registered office 1040 Etterbeek | 20-08-2024 | 2.362.785.881 |
Buildings and parcels at the address
- Ground area
- 636 m²
- Buildings
- 522 m²
- Volume, LiDAR
- 9,831 m³
- Tallest building
- 28.8 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21362B0286/00M010 | 636 m² | 1 · 522 m² | 28.8 m · 6 |