Losses
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
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The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Short-term debts rose from €642 to €21,789.
Lower net result than 86% of companies in travel agencies. Sector median €5,592 · 559 companies.
In July 2024, 3,591 companies had the same profile as TWIN TIPS has now. Each dot stands for 9 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 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 3,591 companies, not a prediction for TWIN TIPS. 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.
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| Company | ||||
|---|---|---|---|---|
| TWIN TIPS Kontich | €49,805 | -€13,940 | 56.3% | - |
| SEWELIA Molenbeek-Saint-Jean | €33,086 | -€4,447 | 67.8% | - |
| XM-Adventure Durbuy | €90,950 | -€51,951 | 88.6% | - |
| PIHITI Léglise | €26,146 | -€1,678 | -195.1% | - |
| Our Place Beerse | €60,892 | €2,768 | -69.5% | - |
| DM Devils Travels Edegem | €18,737 | -€2,102 | 40.5% | - |
| Nelson&Nelson Temse | €34,687 | -€2,071 | 98.0% | - |
These companies have the same main activity as TWIN TIPS: travel agency, tour operator and other reservation service and related activities (NACE 79120). They are comparable in size and age: total assets between €18,700 and €91,000, founded between 2016 and 2021.
TWIN TIPS files the micro format. That format states no turnover. The gross margin fell from €16,515 in 2023 to -€13,940 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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