TRAV-ROU · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of TRAV-ROU is 3.3% (moderate). The 2023 annual accounts show equity of €287 and a net result of €-8k. Equity is shrinking by ~17.4% per year across the filed fiscal years. Its solvency ranks better than 20% of 1843 sector peers (fiscal year 2023). The company has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

3.3% Moderate

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Annual accounts: weaker financial profile +Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

2 signals · with evidence

Persistent losses

Two consecutive loss-making years (2021 and 2023); equity fell accordingly. May indicate structural pressure on profitability.

View the result trend

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 1843 sector peers (2023).

View the sector comparison

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Annual accounts not filed

The financial year that closed on 31-12-2024 was due at the National Bank by 31-07-2025. Nothing is on record today, 397 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.

Filed after the deadline

The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 29-08-2024, 29 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.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	nothing on record	not filed	-
31-12-2023	31-07-2024	29-08-2024	29 d late	2024-00437914
31-12-2021	31-07-2022	29-09-2022	60 d late	2022-20447009
31-12-2020	31-07-2021	07-02-2022	191 d late	2022-05500034
31-12-2019	31-07-2020	26-08-2020	26 d late	2020-44900449
31-12-2018	31-07-2019	08-08-2019	8 d late	2019-44600471
31-12-2017	31-07-2018	26-07-2018	5 d early	2018-38800056
31-12-2016	31-07-2017	01-08-2017	1 d late	2017-40500164
31-12-2015	31-07-2016	07-07-2016	24 d early	2016-29500153
31-12-2014	31-07-2015	11-08-2015	11 d late	2015-41300282
31-12-2013	31-07-2014	13-08-2014	13 d late	2014-41700562

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Long-established

Founded in 1992, 33 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€-8k-2222.5%

Working capital€-7k

CSV export

Annual accounts & ratios

Source: NBB · 2023

Annual accounts filed on 29-08-2024 with the NBB · fiscal year 2023 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~17.4%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2023 · NACE 49, Land transport · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	1.0%	28.5%	better than 20% of 1843 sector peers
Net result	€-8k	€4k	better than 17% of 1820 sector peers
Equity	€287	€16k	better than 20% of 1854 sector peers
Gross operating margin	€352	€25k	better than 16% of 1808 sector peers
Total assets	€29k	€64k	better than 28% of 1845 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P20

Weakening position over 2020-2023 · n=501-1843

Net result P17

Weakening position over 2020-2023 · n=498-1820

Equity P20

Weakening position over 2020-2023 · n=501-1854

Gross operating margin P16

Stable position over 2020-2023 · n=496-1808

Describes the position versus peers, not a forecast.

EBITDA

€257

- 18-23

Net profit

€-8k

-2222.5% 18-23

Cash flow

€-2k

-362.6% 18-23

Total assets

€29k

+15.7% 18-23

Equity

€287

-97.4% 18-23

Working capital

€-7k

- 18-23

Income taxes

€-33

- 18-23

Debt

€29k

+101.4% 18-23

Show 8 other metrics

Debt ≤ 1y

€29k

+101.4% 18-23

Current ratio

0.77

-56.4% 18-23

Quick ratio

0.77

-56.4% 18-23

Solvency

1.0%

-97.7% 18-23

Debt / equity

101.62

+7600.4% 18-23

ROE

-2636.0%

-88696.7% 18-23

ROA

-25.7%

-1907.2% 18-23

Interest coverage

0.11

- 18-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	micro
Revenue	-
EBITDA	€257
Net profit	€-8k
Cash flow	€-2k
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€29k
Equity	€287
Debt	€29k
of which ≤ 1y	€29k
of which > 1y	-
Working capital	€-7k
Employees (FTE)	-

Ratios (computed)

	2023
Current ratio	0.77
Quick ratio	0.77
Working capital ratio	-23.2%
Solvency	1.0%
Debt / equity	101.62
Long-term debt ratio	-
Interest coverage	0.11
Gross margin	-
Net margin	-
ROA	-25.7%
ROE	-2636.0%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Assets

Fixed assets €7k · 24.2% Current assets €22k · 75.8%

Equity & liabilities

Equity €287 · 1.0% Debt €29k · 99.0%

Full annual accounts (21 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€29k
Fixed assets	21/28	€7k
Tangible fixed assets	22/27	€7k
Current assets	29/58	€22k
Amounts receivable within one year	40/41	€19k
Cash & bank	54/58	€3k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€29k
Equity	10/15	€287
Contributions / capital	10/11	€19k
Reserves	13	€628
Accumulated profits (losses)	14	€-19k
Amounts payable	17/49	€29k
Amounts payable within one year	42/48	€29k
Trade debts payable within one year	44	€229
Income statement
Gross operating margin	9900	€352
Operating result	9901	€-6k
Financial income	75	€497
Financial charges	65	€2k
Result before taxes	9903	€-8k
Net result for the period	9904	€-8k
Result to be appropriated	9905	€-8k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2023 · computed

7 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

2 companies at this address See who is registered here

Establishment units

1 location

Decréestraat 16, 1090 Jette

Vervaardiging van geprefabriceerde gebouwen, overwegend van metaal : bouwketen, modulaire tentoonstellingselementen, telefooncellen, enz

since 19922.059.689.288

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels2

Ground area454 m²

Buildings2

Building footprint174 m²

Volume (LiDAR)1,191 m³

Tallest building13.4 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21306D0221/00D010	Brussels	335 m²	1 · 102 m²	10.7 m · 2 fl.
21010B0016/00W006	Brussels	119 m²	1 · 72 m²	13.4 m · 3 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

0 of 4 acts read

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Financial profile

5 of 5 axes measured

29 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 7

Profitability 0

Solvency 7

Growth 32

Stability 100

Credit advice

verdict per customer and amount

Similar

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We hold annual accounts for 131 of the 988 companies in this sector. 10 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Verhuisactiviteiten49420

Primary activity highlighted.

Names & trade names

Legal nameFR

TRAV-ROU

Registered office

Korte Molenstraat 60

1070 Anderlecht, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.