PARADISE TRAVEL
InactivePARADISE TRAVEL was declared bankrupt on 13-12-2021 (Ondernemingsrechtbank Antwerpen, afdeling Mechelen); the bankruptcy was closed by liquidation by judgment of 24-11-2025, published in the Belgian State Gazette on 29-07-2026.
No longer registered with the KBO; last annual accounts for fiscal year 2020.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline23-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 09-12-2021, 131 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
131 d late
2019
57 d late
← before the deadline
after the deadline →
Financials · fiscal year 2020, micro schema
Equity
€-286k
2019 · €48k
2018: €51k
2019: €48k
2018 → 2020
Total assets
€79k▼ 78.8%
2019 · €374k
2018: €314k
2019: €374k
2018 → 2020
Net result
€-335k▼ 12,405%
2019 · €-3k
2018: €3k
2019: €-3k
2018 → 2020
Working capital
€-152k
2019 · €88k
2018: €42k
2019: €88k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€51k-€48k▼ 5.3%€-286k
Operating result€17k-€5k▼ 72.1%€-328k
Net result€3k-€-3k€-335k▼ 12,405%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €328k after €5k in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €79k
Fixed assets
€6k▼ 6.6%
Current assets
€73k▼ 80.1%
Key figures and ratios
EBITDA
€-325k▼
2019 · €7k
Cash flow
€-332k▼
2019 · €-243
Solvency
-361.3%▼
2019 · 12.9%
Current ratio
0.33▼
2019 · 1.32
Quick ratio
0.33▼
2019 · 1.32
Debt / equity
-0.49▼
2019 · 0.97
ROA
-422.0%▼
2019 · -0.7%
Debt
€366k▲
2019 · €326k
Debt ≤ 1 year
€225k▼
2019 · €279k
Debt > 1 year
€141k▲
2019 · €47k
Income taxes
€228▼
2019 · €895
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 · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€374k€79k▼
Fixed assets21/28€7k€6k▼
Tangible fixed assets22/27€4k€6k▲
Financial fixed assets28€2k-
Current assets29/58€367k€73k▼
Amounts receivable within one year40/41€311k€2k▼
Cash at bank and in hand54/58€48k€70k▲
Equity and liabilities
Total equity and liabilities10/49€374k€79k▼
Equity10/15€48k€-286k▼
Contributions10/11€50k€50k=
Reserves13€12k€12k=
Profit (loss) carried forward14€-13k€-348k▼
Amounts payable17/49€326k€366k▲
Amounts payable after more than one year17€47k€141k▲
Amounts payable within one year42/48€279k€225k▼
Trade debts44€61k€22k▼
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Gross operating margin9900€125k€-68k▼
Operating profit (loss)9901€5k€-328k▼
Recurring financial income75€507€220▼
Recurring financial charges65€7k€7k▼
Profit (loss) for the period before taxes9903€-2k€-334k▼
Income taxes67/77€895€228▼
Profit (loss) for the period9904€-3k€-335k▼
Profit (loss) for the period to be appropriated9905€-3k€-335k▼
Timeline · acts, filings and financial milestones
2026
29-07
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · PARADISE TRAVEL CVBA BOOMSTRAAT 54, 2880 BORNEM · event 24-11-2025
2021
17-12
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · PARADISE TRAVEL CVBA BOOMSTRAAT 54, 2880 BORNEM · event 13-12-2021
09-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 131 days late
2020
31-12
Financial
Weakest financial yearnet €-335k
Net result drops to €-335k, the lowest in the series.
26-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 57 days late
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
31-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
27-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
25-07
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
28-09
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 59 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ELKE VAN WEERDT TEMSESTEENWEG 2,
2880 BORNEM |
13-12-2021 → present |