TOP-CLASS-TRAVEL
Open bankruptcyA bankruptcy procedure is open for TOP-CLASS-TRAVEL according to publications in the Belgian State Gazette; curator: PATRICK SCHRUERS.
No longer registered with the KBO; last annual accounts for fiscal year 2023.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 6 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline23-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 31-08-2024, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
31 d late
2022
28 d early
2021
31 d late
2020
36 d early
2019
32 d early
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€-6k▼ 15.1%
2022 · €-5k
2018: €876
2019: €16k
2020: €4k
2021: €-3k
2022: €-5k
2018 → 2023
Total assets
€16▼ 95.8%
2022 · €373
2018: €93k
2019: €109k
2020: €4k
2021: €1k
2022: €373
2018 → 2023
Net result
€-810▲ 67.2%
2022 · €-2k
2018: €-18k
2019: €15k
2020: €-13k
2021: €-6k
2022: €-2k
2018 → 2023
Working capital
€-6k▼ 15.1%
2022 · €-5k
2018: €-2k
2019: €14k
2020: €3k
2021: €-3k
2022: €-5k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€16k-€4k▼ 78.0%€-3k€-5k▼ 85.0%€-6k▼ 15.1%
Operating result€15k-€-12k€-6k▲ 46.3%€-2k▲ 62.7%€-750▲ 68.4%
Net result€15k-€-13k€-6k▲ 48.8%€-2k▲ 61.8%€-810▲ 67.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €750 in 2023 against €2k in 2022; the loss shrinks.
Key figures and ratios
Debt
€6k▲
2022 · €6k
Debt ≤ 1 year
€6k▲
2022 · €6k
Ratios withheld: a balance sheet total of €16 is too small for a meaningful ratio.
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€373€16▼
Current assets29/58€373€16▼
Amounts receivable within one year40/41€285-
Other amounts receivable41€285-
Cash at bank and in hand54/58€88€16▼
Equity and liabilities
Total equity and liabilities10/49€373€16▼
Equity10/15€-5k€-6k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-24k€-25k▼
Amounts payable17/49€6k€6k▲
Amounts payable within one year42/48€6k€6k▲
Trade debts44€3k€3k▼
Suppliers440/4€3k€3k▼
Other amounts payable47/48€2k€3k▲
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€285
Other operating charges640/8€410€62▼
Non-recurring operating charges66A€0-
Gross operating margin9900€-2k€-403▲
Operating profit (loss)9901€-2k€-750▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€92€60▼
Recurring financial charges65€92€60▼
Profit (loss) for the period before taxes9903€-2k€-810▲
Profit (loss) for the period9904€-2k€-810▲
Profit (loss) for the period to be appropriated9905€-2k€-810▲
Appropriation of the result
Profit (loss) to be appropriated9906€-24k€-25k▼
Profit (loss) brought forward from the previous period14P€-22k€-24k▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
30-10
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · TOP-CLASS-TRAVEL BV PAAL- STEENSTRAAT 92, 3500 HASSELT · event 24-10-2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity quadruplescurrent ratio 4.16
Current ratio from 1.15 to 4.16; short-term debt falls from €93k to €907.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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
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 | PATRICK SCHRUERS KEMPISCHE KAAI 7C/1.01,
3500 HASSELT |
24-10-2024 → present |