TL TRAVEL

Active

Limited partnershipfounded 2013active for 13 yearsKattendijkdok-Westkaai 12.001, 2000 Antwerpen, Belgium31 active companies are registered at this addressKBO/BCE: BE 0525.695.953

Summary

TL TRAVEL has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25.2m and a net result of €11.7m. Equity is growing by about 127% per year across the filed financial years. Its solvency ranks better than 48% of 514 sector peers (NACE 93, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow Report Compare

TL TRAVELActiveChecked score 97/100

Risk analysis Report Compare

Activity

Other amusement and recreation activities

NACE 93299

4th largest company by total assets in the province of Antwerp, Sports and recreation sector1 site

Size

€65.6mturnover 2025

Equity: €25.2m
Profit: €11.7m

Financial health

97 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: < 0.1%

Structure

Parent: M&M Management · 99.98%

FVO MANAGEMENTManager · permanent representative Flip Van Oyen
REPNAManager · permanent representative Pieter Wagemans
WelsiesManager · permanent representative Bruno Vanwelsenaers

Auditor: Pwc Bedrijfsrevisoren2025 accounts 3 days early5 of 11 deeds summarised

Why 97raises risk1 change of registered office in 24 monthslowers riskSize: turnover €65.6m, total assets €75.9mLegal form: limited partnershipLiquidity: current ratio 1.50, cash €44.6mShow the evidence

Checked score

Score 2025

97 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 75% of its sector peers (all companies)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 58-39

equity 33.2% of total assets

Liquidity 64+8

short-term debt 66.8% · cash 58.7%

Profitability 76-24

return on assets 15.5%

Bankruptcy probability, 12 months

< 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.1% (8 companies, NACE 93, large)

Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.2%▲ +0.1 percentage points vs 04-2025 06-2025: 0.3%▲ +0.1 percentage points vs 05-2025highest value 07-2025: < 0.1%▼ -0.3 percentage points vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026lowest value 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: 0.1%▲ +0.1 percentage points vs 06-2026 08-2026: < 0.1%▼ -0.1 percentage points vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026

Credit of up to €2,400,000 on 30-day terms is acceptable

Liquidity tight (current ratio 1.5, compared with 3.58 in 2024, below the usual 1.5; short-term debt: 66.8% and cash: 58.7% of total assets), and 66.8% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 (all companies): better than 48% on solvency, 88% on liquidity, 76% on profitability and 87% on growth.

The bankruptcy probability was computed on 31-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskraises riskneutral

1 change of registered office in 24 months

Belgian Official Gazette

Size: turnover €65.6m, total assets €75.9m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Legal form: limited partnership

KBO

Liquidity: current ratio 1.50, cash €44.6m

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

3 days early

2024

42 days early

2023

2 days early

2022

on the day

2021

2 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 10 days before the deadline; the sector median (NACE 93) for financial year 2024 is 1 day before the deadline, and 42% of those companies filed late.

Searched, nothing found (2)

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. The company usually files around 29 July (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

31-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

28-07-2026 Annual accounts filedfinancial year 2025 · full…
31-12-2025 Highest result from 2021 to 2025net €11.7m ▲24.1%
31-12-2025 Equity above €25mequity €25.2m ▲87.2%

Key points

Positive: Equity rose in 2025from €13.5m to €25.2m ▲ 87.2% View
Positive: Among the best 5% on net resultsector median €11,659 · 513 companies €11.7m View
Controlled by M&M Management 99.98% View
Positive: Always filed on timeaccounts within the deadline every year 5 years View

By topic

Financials

Financial year: 2025
Turnover: €65.6m
Profit: €11.7m
Solvency: 33.2%

Turnover▲ 11.2%

Net result

20232025

Go to Financials

Board & ownership

Board: 3 members
Parent: M&M Management · 99.98%
Auditor: Pwc Bedrijfsrevisoren

FVO MANAGEMENTManager
REPNAManager
WelsiesManager

Go to Board & ownership

Network & group

Connected companies: 20

Go to Network & group

Timeline

Events: 16
Since: 2022
Next accounts: by 31-07-2027

19-06-2025Annual accounts filed
11-04-2025Permanent representatives: Bruno Vanwelsenaers and Pieter Wagemans
31-12-2024Liquidity more than triples

Go to Timeline

Company details

Sites: 1

Legal form: Limited partnership
Activity: Other amusement and recreation activitiesNACE 93299
Founded: 03-04-2013
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 3

See the provisions in the deeds

Go to Articles of association

Key facts about TL TRAVEL

What is the company number of TL TRAVEL?: 0525.695.953. In Belgium the VAT number is the company number with BE in front: BE 0525.695.953.
Where is TL TRAVEL based?: The registered office is at Kattendijkdok-Westkaai 12.001, 2000 Antwerpen.Company details
What does TL TRAVEL do?: According to the KBO register, the main activity is other amusement and recreation activities (NACE 93299).
What is the legal form of TL TRAVEL?: Limited partnership (CommV).
When was TL TRAVEL founded?: On 03-04-2013.
Is TL TRAVEL still active?: Yes, TL TRAVEL is an active enterprise in the KBO register.
What is the turnover of TL TRAVEL?: €65.6m in financial year 2025, according to the filed annual accounts.Financials
Is TL TRAVEL profitable?: In financial year 2025, TL TRAVEL made a profit of €11.7m.
Where can I find the annual accounts of TL TRAVEL?: TL TRAVEL filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of TL TRAVEL due?: By 31-07-2027, for financial year 2026.Timeline