TRAVEL STUDIO
ActiveTRAVEL STUDIO has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21k and a net result of €-6k. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 35% of 445 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
45
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability54▼-8
Solvency49▼-7
Growth52=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.2 against 1.28 in 2024; short-term debt: 75.9% and cash: 0% of total assets), and 75.9% 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 79
Relative position
BE, all sectors
reference
Sector 79
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
24.1%
Return on assets
-7.1%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-6k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
92 d late
2022
150 d late
2021
120 d late
2020
121 d late
2019
91 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€21k▼ 22.9%
2024 · €27k
2018: €13k
2019: €21k
2020: €16k
2021: €32k
2022: €33k
2023: €31k
2024: €27k
2018 → 2025
Total assets
€86k=
2024 · €86k
2018: €24k
2019: €30k
2020: €85k
2021: €89k
2022: €91k
2023: €91k
2024: €86k
2018 → 2025
Net result
€-6k▼ 35.8%
2024 · €-5k
2018: €-1k
2019: €9k
2020: €-5k
2021: €16k
2022: €91
2023: €-1k
2024: €-5k
2018 → 2025
Working capital
€13k▼ 23.3%
2024 · €17k
2018: €6k
2019: €10k
2020: €5k
2021: €11k
2022: €16k
2023: €18k
2024: €17k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€32k-€33k▲ 0.3%€31k▼ 3.9%€27k▼ 14.4%€21k▼ 22.9%
Operating result€16k-€270▼ 98.3%€4k▲ 1,201%€-444€-1k▼ 206%
Net result€16k-€91▼ 99.4%€-1k€-5k▼ 258%€-6k▼ 35.8%
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 €1k in 2025 against €444 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €86k
Fixed assets
€8k▼ 22.1%
Current assets
€78k▲ 3.0%
Equity and liabilities €86k
Equity
€21k▼ 22.9%
Debt
€65k▲ 10.4%
The debt ratio rises from 68.7% to 75.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€888▼
2024 · €2k
Cash flow
€-4k▼
2024 · €-2k
Solvency
24.1%▼
2024 · 31.3%
Current ratio
1.20▼
2024 · 1.28
Quick ratio
1.20▼
2024 · 1.28
Debt / equity
3.14▲
2024 · 2.20
ROE
-29.6%▼
2024 · -16.8%
ROA
-7.1%▼
2024 · -5.3%
Interest coverage
5.30▼
2024 · 13.73
Debt
€65k▲
2024 · €59k
Debt ≤ 1 year
€65k▲
2024 · €59k
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€86k€86k=
Fixed assets21/28€10k€8k▼
Tangible fixed assets22/27€10k€8k▼
Plant, machinery and equipment23€581€345▼
Furniture and vehicles24€6k€5k▼
Other tangible fixed assets26€4k€3k▼
Current assets29/58€76k€78k▲
Amounts receivable within one year40/41€75k€78k▲
Trade receivables40€50k€50k=
Other amounts receivable41€25k€28k▲
Cash at bank and in hand54/58€359€18▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€86k€86k=
Equity10/15€27k€21k▼
Contributions10/11€48k€48k=
Profit (loss) carried forward14€-21k€-27k▼
Amounts payable17/49€59k€65k▲
Amounts payable within one year42/48€59k€65k▲
Trade debts44€788€610▼
Suppliers440/4€788€610▼
Advances received on contracts in progress46€58k€58k=
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€600€7k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼
Other operating charges640/8€476€120▼
Gross operating margin9900€3k€1k▼
Operating profit (loss)9901€-444€-1k▼
Financial charges65/66B€4k€5k▲
Recurring financial charges65€175€168▼
Non-recurring financial charges66B€4k€5k▲
Profit (loss) for the period before taxes9903€-5k€-6k▼
Profit (loss) for the period9904€-5k€-6k▼
Profit (loss) for the period to be appropriated9905€-5k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-21k€-27k▼
Profit (loss) brought forward from the previous period14P€-16k€-21k▼
The notes to these accounts (6 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
2023
28-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 150 days late
2022
28-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 120 days late
2021
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
29-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 121 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 92 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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
Registered office, Malle · 1 establishment unit since 2010
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.
Antwerpsesteenweg 3902390 MalleGround area
924 m²
Building footprint
278 m²
Volume, LiDAR
1,509 m³
Parcel 11049C0164/00N002, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Travel Studio
since 20102.184.012.408
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11049C0164/00N002 | Flanders | 924 m² | 1 · 278 m² | 10.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
WIBAG
BE 0675.485.828
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Antwerp Urban Projects
BE 0861.314.270
Antwerpen · Eq €24k
Cyclant
BE 0541.348.783
Antwerpen · Eq €25k
W.H.R.
BE 0821.201.604
Chaudfontaine · Eq €17k
PONSARD & CO
BE 1017.227.815
Dalhem · Eq €25k
Of 1,845 companies in sector 79901 we hold annual accounts for 146. 88 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded07-01-2010
Fiscal year end31-12
Activities, NACEBEL
79901Tourist information services
70200Business and other management consultancy
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.