TRAVAPAC
ActiveTRAVAPAC has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €853k and a net result of €42k. Equity is growing by ~4% per year across the filed fiscal years. Its solvency ranks better than 29% of 7744 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability45▼-6
Solvency52▲+1
Growth47=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity tight (current ratio 1.28 against 1.4 in 2024; short-term debt: 43.8% and cash: 7.8% of total assets), and 72.7% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
27.3%
Return on assets
1.4%
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
21 d early
2023
12 d early
2022
31 d late
2021
12 d late
2020
30 d late
2019
25 d late
← 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€3.22M▲ 4.2%
2022 · €3.09M
2018: €3.11M
2019: €3.16M
2020: €3.37M
2021: €3.37M
2022: €3.09M
2018 → 2023
EBIT margin
6.0%▲ 1.0pp
2022 · 4.9%
2018: 6.4%
2019: 4.6%
2020: 4.6%
2021: 4.2%
2022: 4.9%
2018 → 2023
Net result
€42k▼ 2.0%
2024 · €43k
2018: €140k
2019: €106k
2020: €53k
2021: €19k
2022: €16k
2023: €22k
2024: €43k
2018 → 2025
Working capital
€389k▼ 15.5%
2024 · €460k
2018: €-388k
2019: €-305k
2020: €128k
2021: €130k
2022: €235k
2023: €334k
2024: €460k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€3.37M-€3.09M▼ 8.4%€3.22M▲ 4.2%
Equity€739k-€753k▲ 1.9%€772k▲ 2.5%€813k▲ 5.2%€853k▲ 4.9%
Operating result€141k-€152k▲ 8.2%€192k▲ 25.8%€167k▼ 13.1%€271k▲ 62.8%
Net result€19k-€16k▼ 13.2%€22k▲ 32.4%€43k▲ 98.5%€42k▼ 2.0%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 63% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.12M
Fixed assets
€1.36M▼ 8.0%
Current assets
€1.76M▲ 8.5%
Equity and liabilities €3.12M
Equity
€853k▲ 4.9%
Debt
€2.27M▼ 0.9%
The debt ratio falls from 73.8% to 72.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€655k▲
2024 · €576k
Cash flow
€426k▼
2024 · €452k
Solvency
27.3%▲
2024 · 26.2%
Current ratio
1.28▼
2024 · 1.40
Quick ratio
1.25▼
2024 · 1.35
Debt / equity
2.66▼
2024 · 2.82
ROE
5.0%▼
2024 · 5.3%
ROA
1.4%▼
2024 · 1.4%
Interest coverage
2.94▼
2024 · 3.61
Debt
€2.27M▼
2024 · €2.29M
Debt ≤ 1 year
€1.37M▲
2024 · €1.16M
Debt > 1 year
€901k▼
2024 · €1.13M
Income taxes
€10k▲
2024 · €967
Staff costs
€944k▼
2024 · €1.06M
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€3.10M€3.12M▲
Fixed assets21/28€1.48M€1.36M▼
Tangible fixed assets22/27€1.48M€1.36M▼
Land and buildings22€473k€443k▼
Plant, machinery and equipment23€181k€178k▼
Furniture and vehicles24€352k€430k▲
Leasing and similar rights25€477k€314k▼
Financial fixed assets28€520€520=
Current assets29/58€1.62M€1.76M▲
Stocks and contracts in progress3€51k€52k▲
Stocks30/36€51k€52k▲
Amounts receivable within one year40/41€1.39M€1.43M▲
Trade receivables40€1.36M€1.41M▲
Other amounts receivable41€26k€19k▼
Cash at bank and in hand54/58€181k€243k▲
Deferred charges and accrued income490/1-€31k
Equity and liabilities
Total equity and liabilities10/49€3.10M€3.12M▲
Equity10/15€813k€853k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€752k€794k▲
Investment grants15€41k€38k▼
Amounts payable17/49€2.29M€2.27M▼
Amounts payable after more than one year17€1.13M€901k▼
Financial debts170/4€1.13M€901k▼
Amounts payable within one year42/48€1.16M€1.37M▲
Current portion of amounts payable after more than one year42€231k€335k▲
Financial debts43€100k€100k=
Other loans439€100k€100k=
Trade debts44€520k€551k▲
Suppliers440/4€520k€551k▲
Advances received on contracts in progress46€8k€8k=
Taxes, remuneration and social security45€40k€37k▼
Taxes450/3€20k€14k▼
Remuneration and social security454/9€20k€23k▲
Other amounts payable47/48€262k€338k▲
Income statement
Code20242025
Non-recurring operating income76A€120k€26k▼
Remuneration, social security and pensions62€1.06M€944k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€409k€384k▼
Other operating charges640/8€69k€49k▼
Non-recurring operating charges66A-€12k
Gross operating margin9900€1.71M€1.66M▼
Operating profit (loss)9901€167k€271k▲
Financial income75/76B€34k€3k▼
Recurring financial income75€34k€3k▼
Financial charges65/66B€159k€223k▲
Recurring financial charges65€159k€223k▲
Profit (loss) for the period before taxes9903€41k€52k▲
Transfer from deferred taxes780€3k-
Income taxes67/77€967€10k▲
Profit (loss) for the period9904€43k€42k▼
Transfer from tax-exempt reserves789€12k-
Profit (loss) for the period to be appropriated9905€55k€42k▼
Appropriation of the result
Profit (loss) to be appropriated9906€752k€794k▲
Profit (loss) brought forward from the previous period14P€697k€752k▲
Social balance
Average headcount (FTE)908721.221.1▼
The notes to these accounts (15 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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €16k ▼13.2%
Net result drops to €16k, the lowest in the series; recovery starts the following year.
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 12 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 25 days late
2019
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 7 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2015
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
22-12-2015
Resigned as Manager
Location & real-estate footprint
Registered office, Courcelles · 1 establishment unit since 2000
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.
Chemin du Fichaux 16181 Courcelles1 establishment unit
TRAVAPAC
since 20002.116.474.177
Recognitions · licences · registrations
Recognised contractor
2 categoriesTRAVAPAC SRL38067
Legal Entity Identifier
254900G90NLNS8TPHX48
Similar companies · same sector, comparable size
TE.DE.ROUTE
BE 0477.245.245
Liège · Eq €853k
ANTHONISSEN RENE
BE 0460.613.012
Brecht · Eq €849k
VLEMINCKX
BE 0445.705.201
Herent · Eq €849k
AGTech
BE 0874.487.959
Zulte · Eq €857k
GWL+
BE 0671.467.553
Hamont-Achel · Eq €859k
Of 8,454 companies in sector 43120 we hold annual accounts for 3,232. 1,816 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-03-2000
Fiscal year end31-12
Activities, NACEBEL
01410Raising of dairy cattle
43120Site preparation
45112
49410Freight transport by road
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filings
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0476845546