TRAVELGROUP
ActiveTRAVELGROUP has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €183k and a net result of €-7k. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 61% of 445 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability33▼-6
Solvency73=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 13.54 against 11.27 in 2024; short-term debt: 7.4% and cash: 31% of total assets), but 52.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
47.7%
Return on assets
-1.9%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 10-10-2025, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
78 d early
2023
3 d late
2022
582 d late
2021
51 d late
2020
1 d early
2019
42 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close22-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-7k
2024 · €2k
2019: €566
2020: €419
2021: €27k
2022: €4k
2023: €56k
2024: €2k
2019 → 2025
Working capital
€355k▼ 2.0%
2024 · €362k
2019: €502k
2020: €349k
2021: €392k
2022: €304k
2023: €360k
2024: €362k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€128k-€132k▲ 2.9%€188k▲ 42.5%€190k▲ 1.2%€183k▼ 3.8%
Operating result€37k-€-2k€62k€-2k€-12k▼ 559%
Net result€27k-€4k▼ 86.4%€56k▲ 1,398%€2k▼ 95.9%€-7k
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €12k in 2025 against €2k 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
Equity and liabilities €383k
Equity
€183k▼ 3.8%
Debt
€200k▼ 3.4%
The debt ratio rises from 52.2% to 52.3%. Equity and debt are lower.
Key figures and ratios
Solvency
47.7%▼
2024 · 47.8%
Current ratio
13.54▲
2024 · 11.27
Quick ratio
13.54▲
2024 · 11.27
Debt / equity
1.10▲
2024 · 1.09
ROE
-4.0%▼
2024 · 1.2%
ROA
-1.9%▼
2024 · 0.6%
Debt
€200k▼
2024 · €207k
Debt ≤ 1 year
€28k▼
2024 · €35k
Income taxes
€0▼
2024 · €836
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€397k€383k▼
Current assets29/58€397k€383k▼
Amounts receivable after more than one year29€255k€255k=
Trade receivables290€255k€255k=
Amounts receivable within one year40/41€15k€10k▼
Trade receivables40€13k€7k▼
Other amounts receivable41€2k€2k▲
Current investments50/53€0-
Cash at bank and in hand54/58€128k€119k▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€397k€383k▼
Equity10/15€190k€183k▼
Contributions10/11€62k€62k=
Outside capital11€62k€62k=
Other1109/19€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€122k€114k▼
Amounts payable17/49€207k€200k▼
Amounts payable within one year42/48€35k€28k▼
Trade debts44€5k€3k▼
Suppliers440/4€5k€3k▼
Taxes, remuneration and social security45€1k€0▼
Taxes450/3€1k€0▼
Remuneration and social security454/9€0-
Other amounts payable47/48€29k€25k▼
Accrued charges and deferred income492/3€172k€172k=
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€0-
Other operating charges640/8€384€387▲
Non-recurring operating charges66A€0-
Gross operating margin9900€-1k€-11k▼
Operating profit (loss)9901€-2k€-12k▼
Financial income75/76B€5k€4k▼
Recurring financial income75€5k€4k▼
Financial charges65/66B€244€116▼
Recurring financial charges65€244€116▼
Profit (loss) for the period before taxes9903€3k€-7k▼
Income taxes67/77€836€0▼
Profit (loss) for the period9904€2k€-7k▼
Profit (loss) for the period to be appropriated9905€2k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€122k€114k▼
Profit (loss) brought forward from the previous period14P€119k€122k▲
The notes to these accounts (2 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
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet €-7k ▼418%
Net result drops to €-7k, the lowest in the series.
2024
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
04-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 582 days late
2023
03-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 3 days late
31-03
Financial
Highest result since 2019net €56k ▲1398%
Operating result €62k, net result €56k, both a record.
31-03
Financial
Liquidity doublescurrent ratio 7.90
Current ratio from 3.35 to 7.90; short-term debt falls from €129k to €52k.
31-03
Financial
Equity above €150kEq €188k ▲42.5%
5 profitable years in a row build equity to €188k.
2021
21-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 51 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
19-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
30-06
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 2017
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.
13-07-2017
LAUWERS Wilfried: Resigned as Director
13-07-2017
WEICKER Jean-Christophe: Resigned as Director
Location & real-estate footprint
Registered office, Waterloo · 1 establishment unit since 2003
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.
Avenue des Nations Unies 941410 WaterlooGround area
2,927 m²
Building footprint
693 m²
Volume, LiDAR
4,126 m³
2 parcels, Wallonia · tallest building 11.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TRAVELGROUP
since 20032.134.615.058
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763I0194/00A000 | Wallonia | 1,925 m² | 1 · 474 m² | 11.5 m · 2 fl. |
| 25762H0167/00A000 | Wallonia | 1,002 m² | 1 · 219 m² | 7.4 m · 2 fl. |
Linked by address, not proof of ownership
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.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
Similar companies · same sector, comparable size
TRAVEL LAB
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UPGRADED
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RELLEVART
BE 0716.766.553
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U TRAVEL
BE 0731.709.602
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HAKUNA MATATA
BE 0888.860.290
Estaimpuis · Eq €179k
Of 529 companies in sector 79120 we hold annual accounts for 203. 158 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded26-11-2003
Fiscal year end31-03
Activities, NACEBEL
79120Travel agency, tour operator and other reservation service and related activities
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.