Equity
-€313,556
Debts exceed assets in financial year 2025.
TRAVHOLDING
Lifetime
14 annual accounts with figures on one time axispeak €229,494 (2016)
€58,259▼ 36.1%
lowest -€281,346 (2024)
-€68,173▲ €213,173
peak €90,481 (2016)
-€313,556▼ €68,655
€612,594▼ 4.1%
peak 1 FTE (2016)
-not published
Board3 names since 2019
2 directorsGéraldine JAMIN and 1 other
Documentsfilings and deeds
29-05-202663 days before the deadline
2025financial year
Gross margin from €91,196 to €58,259Loss of €68,173Equity from -€244,901 to -€313,556Cash from €6,660 to €97
Key points
from the 2025 annual accountsResult
-€68,173 ▲ 75.8%
The result rose in 2025 from -€281,346 to -€68,173.
Debts
€612,594 205% of the balance sheet
Financial debts 41%Suppliers 1%Taxes and wages 26%Other 32%
Of this, €198,197 falls due within a year.
Investments
€49,779 2.0 × depreciation
Green is investment, beige is depreciation.
Filings
14 annual accounts since 2012
The last five annual accounts were filed 63 to 125 days before the end of the period.
Position in the sector
-104.9%
Lower solvency than 95% of companies in head offices and management consultancy. Sector median 53.3% · 3,873 companies.
Checked score
53
Fair
Financially stronger than 9% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%lowest value
01-2025: 0.3%● unchanged vs 12-2024lowest value
02-2025: 0.3%● unchanged vs 01-2025lowest value
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 1.1%▲ +0.8 percentage points vs 04-2025
06-2025: 1.1%● unchanged vs 05-2025
07-2025: 1.1%● unchanged vs 06-2025
08-2025: 1.1%● unchanged vs 07-2025
09-2025: 1.1%● unchanged vs 08-2025
10-2025: 1.1%● unchanged vs 09-2025
11-2025: 1.1%● unchanged vs 10-2025
12-2025: 1.1%● unchanged vs 11-2025
01-2026: 1.1%● unchanged vs 12-2025
02-2026: 1.1%● unchanged vs 01-2026
03-2026: 1.1%● unchanged vs 02-2026
04-2026: 1.1%● unchanged vs 03-2026
05-2026: 1.0%▼ -0.1 percentage points vs 04-2026
06-2026: 1.3%▲ +0.3 percentage points vs 05-2026highest value
07-2026: 1.3%● unchanged vs 06-2026highest value
08-2026: 1.3%● unchanged vs 07-2026highest value
09-2026: 1.3%● unchanged vs 08-2026highest value
10-2026: 1.3%● unchanged vs 09-2026highest value
11-2026: 1.3%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Liquidity: current ratio 0.11, cash €97, halved
Negative equity -€313,556
Loss of €68,173, the second in a row (financial year 2025)
lowers risk
Size: total assets €299,038
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 3% of them on solvency, 6% on liquidity, 9% on profitability and 19% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,907 companies had the same profile as TRAVHOLDING has now. Each dot stands for 18 companies, two years later.
85.4%
were still trading
8.1%
stopped another way
5.8%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TRAVHOLDING itself: 1.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,907 companies, not a prediction for TRAVHOLDING. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.11 (0.19 in 2024), below 1. Short-term debt is 66.3% and cash 0% of total assets. Equity is negative.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€313,556
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 29-05-2026, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
63 days early
2024
111 days early
2023
125 days early
2022
118 days early
2021
79 days early
2020
60 days early
2019
99 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 94 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 11 April (4 of the last 5 accounts filed within 32 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0846385772
Company renamed from MCD GREEN to TRAVHOLDING
Changes of role: Jeofrey CARRIERE (director) and Géraldine JAMIN (director) · 100 shares · General meeting of 31-10-2019 · Gazette deed
Incorporation
published on 15-06-2012 · Gazette deed
First establishment
MCD Green, Rue du Pré aux Oies 58, Visé
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TRAVHOLDING Visé | €299,038 | €58,259 | -104.9% | - |
| LXB MANAGEMENT Dalhem | €346,255 | €59,478 | 91.3% | - |
| PHOENIX CORPORATION Liège | €262,017 | €62,157 | 86.8% | - |
| DPLS INVEST Liège | €319,202 | €66,947 | 78.1% | - |
| IBAC Theux | €293,738 | €55,010 | 99.1% | - |
| G-BLUE Sprimont | €354,233 | €56,506 | 22.0% | - |
| ARCHAMBEAU CEDRIC GESTION Verviers | €255,831 | €66,158 | 61.7% | 0 |
These companies have the same main activity as TRAVHOLDING: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €256,000 and €354,000, founded between 2010 and 2013.
Official details
Source: KBO- Status
- Active since 06-06-2012Normal situation
- Activity
- Business and other management consultancyNACE 70200and 1 other
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2023
- Establishment unit
- 2.212.501.2094600 Visé, since 06-06-2012
- Financial year end
- 31 December
- Peppol
- Reachable since 12-03-2026
Annual accounts 2025
- ≈ €120,000estimated
- €299,038▼ 24.1%
- Filing
- Filed on 29-05-2026, 63 days before the end of the filing period
Insights on TRAVHOLDING
TRAVHOLDING has existed since 2012. In 2016 the gross margin rose from €70,858 to €229,494.
Solvency fell in 2025 from -62.1% to -104.9% because of the loss.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TRAVHOLDING
- What is the company number of TRAVHOLDING?
- The company number of TRAVHOLDING is 0846.385.772. The VAT number is the same number with BE in front: BE 0846.385.772.
- Where is TRAVHOLDING based?
- The registered office is at Rue du Pré aux Oies 58, 4600 Visé.Company details
- What does TRAVHOLDING do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of TRAVHOLDING?
- TRAVHOLDING is a private limited company (BV).
- When was TRAVHOLDING founded?
- TRAVHOLDING was founded on 06-06-2012.
- Is TRAVHOLDING still active?
- Yes, TRAVHOLDING is an active enterprise in the KBO register.
- How many employees does TRAVHOLDING have?
- TRAVHOLDING had an average of 1 full-time equivalents in financial year 2019, according to the filed annual accounts.Financials
- Which joint committee does TRAVHOLDING fall under?
- In its 2023 annual accounts, TRAVHOLDING states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of TRAVHOLDING?
- The turnover in financial year 2025 is ≈ €120,000. This figure is estimated from the gross margin of €58,259 and 65 comparable companies (NACE 70200). It probably lies between €84,000 and €180,000.
- Is TRAVHOLDING profitable?
- In financial year 2025, TRAVHOLDING made a loss of €68,173.
- Where can I find the annual accounts of TRAVHOLDING?
- TRAVHOLDING filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TRAVHOLDING due?
- TRAVHOLDING must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.