OPTIMA HORIZONS
ActiveThe computed 12-month bankruptcy probability of OPTIMA HORIZONS is 4.6% (elevated). The 2025 annual accounts show equity of €22k and a net result of €19k. Equity is growing by ~70.5% per year across the filed fiscal years. Its solvency ranks better than 90% of 140 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+65
Solvency100▲+26
Growth52▲+30
Track record94
Bankruptcy probability, 12 months
4.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity ample (current ratio 3.63 against 1.29 in 2024; short-term debt: 21.9% and cash: 10% of total assets), and 21.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Sector 79
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
78.1%
Return on assets
67.4%
Age of the figures
9 mo
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 16-07-2026, 15 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
15 d early
2024
2 d early
2023
1 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€69k▼ 1.1%
2024 · €70k
2023: €213k
2024: €70k
2023 → 2025
EBIT margin
27.3%▲ 27.5pp
2024 · -0.2%
2023: 2.8%
2024: -0.2%
2023 → 2025
Net result
€19k
2024 · €-150
2023: €6k
2024: €-150
2023 → 2025
Working capital
€16k▲ 494%
2024 · €3k
2023: €9k
2024: €3k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Turnover€213k-€70k▼ 67.3%€69k▼ 1.1%
Equity€9k-€9k▼ 1.7%€22k▲ 145%
Operating result€6k-€-150€19k
Net result€6k-€-150€19k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €19k after a loss of €150 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €28k
Fixed assets
€6k▼ 7.0%
Current assets
€22k▲ 82.9%
Equity and liabilities €28k
Equity
€22k▲ 145%
Debt
€6k▼ 35.2%
The debt ratio falls from 51.4% to 21.9%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
78.1%▲
2024 · 48.6%
Current ratio
3.63▲
2024 · 1.29
Quick ratio
2.44▲
2024 · 1.26
Debt / equity
0.28▼
2024 · 1.06
ROE
86.2%▲
2024 · -1.7%
ROA
67.4%▲
2024 · -0.8%
Debt
€6k▼
2024 · €9k
Debt ≤ 1 year
€6k▼
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€18k€28k▲
Fixed assets21/28€6k€6k▼
Intangible fixed assets21-€6k
Tangible fixed assets22/27€6k-
Plant, machinery and equipment23€5k-
Furniture and vehicles24€951-
Current assets29/58€12k€22k▲
Amounts receivable after more than one year29-€12k
Trade receivables290-€12k
Stocks and contracts in progress3€250€7k▲
Stocks30/36€250-
Contracts in progress37-€7k
Amounts receivable within one year40/41€4k-
Trade receivables40€4k-
Other amounts receivable41€200-
Cash at bank and in hand54/58€8k€3k▼
Equity and liabilities
Total equity and liabilities10/49€18k€28k▲
Equity10/15€9k€22k▲
Contributions10/11€9k€3k▼
Capital10€9k€3k▼
Issued capital100€9k€3k▼
Profit (loss) carried forward14€-150€19k▲
Amounts payable17/49€9k€6k▼
Amounts payable within one year42/48€9k€6k▼
Current portion of amounts payable after more than one year42€8k-
Trade debts44-€2k
Suppliers440/4-€2k
Taxes, remuneration and social security45€2k€4k▲
Taxes450/3€2k€4k▲
Income statement
Code20242025
Turnover70€70k€69k▼
Goods, raw materials, services and sundry goods60/61€70k€51k▼
Gross operating margin9900€-150€19k▲
Operating profit (loss)9901€-150€19k▲
Profit (loss) for the period before taxes9903€-150€19k▲
Profit (loss) for the period9904€-150€19k▲
Profit (loss) for the period to be appropriated9905€-150€19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-150€19k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 3.63
Current ratio from 1.29 to 3.63; short-term debt falls from €9k to €6k.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-150 ▼102%
Net result drops to €-150, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Elsene · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Robert Goldschmidtsquare 481050 ElseneGround area
206 m²
Building footprint
77 m²
Volume, LiDAR
823 m³
Parcel 21445C0284/00B002, Brussels · tallest building 15.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
OPTIMA STUDY TRAVEL INTERNATIONAL
since 20222.335.645.182
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21445C0284/00B002 | Brussels | 205 m² | 1 · 77 m² | 15.7 m · 4 fl. |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
EURO TOURS TRAVEL ORGANISATION
BE 0674.781.290
Genk · Eq €22k
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BE 0687.483.639
Denderleeuw · Eq €22k
VOYAGES LIBERTE
BE 0895.503.010
Charleroi · Eq €21k
My Trail
BE 1016.748.357
Sint-Lambrechts-Woluwe · Eq €21k
VKCO
BE 0803.276.103
Gembloux · Eq €22k
Of 1,438 companies in sector 79110 we hold annual accounts for 880. 526 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-06-2022
Fiscal year end31-12
Activities, NACEBEL
79110Travel agency activities
70200Business and other management consultancy
70220Business consulting
85592Vocational training
85593Socio-cultural adult education
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:marion.berzin@gmail.com
Phone:+32470931846