VOYAGES PASCAL NOEL
ActiveVOYAGES PASCAL NOEL has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €93k and a net result of €12k. Equity is shrinking by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 30% of 591 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
54
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability42▼-24
Solvency45▲+2
Growth22▼-16
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.19 against 1.23 in 2023; short-term debt: 76.2% and cash: 39.7% of total assets), and 79.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 2024Solvency, return and age of the figures
Solvency
20.2%
Return on assets
2.6%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-10-2025, 84 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
not confirmed
2024
84 d late
2023
15 d late
2022
61 d late
2021
90 d late
2020
84 d late
2019
29 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€885k▲ 9.1%
2023 · €811k
2018: €2.69M
2019: €2.84M
2020: €652k
2021: €1.17M
2022: €923k
2023: €811k
2018 → 2024
EBIT margin
2.1%▼ 3.2pp
2023 · 5.4%
2018: 1.4%
2019: 1.5%
2020: -9.7%
2021: 2.9%
2022: 5.9%
2023: 5.4%
2018 → 2024
Net result
€12k▼ 67.1%
2023 · €37k
2018: €18k
2019: €29k
2020: €-65k
2021: €32k
2022: €51k
2023: €37k
2018 → 2024
Working capital
€66k▼ 26.1%
2023 · €90k
2018: €82k
2019: €126k
2020: €47k
2021: €82k
2022: €72k
2023: €90k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€652k-€1.17M▲ 79.8%€923k▼ 21.3%€811k▼ 12.1%€885k▲ 9.1%
Equity€98k-€130k▲ 32.0%€91k▼ 29.7%€93k▲ 2.1%€93k▲ 0.2%
Operating result€-63k-€34k€55k▲ 60.2%€43k▼ 20.3%€19k▼ 56.4%
Net result€-65k-€32k€51k▲ 63.4%€37k▼ 28.3%€12k▼ 67.1%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 56% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €462k
Fixed assets
€43k▼ 3.3%
Current assets
€418k▼ 13.4%
Equity and liabilities €462k
Equity
€93k▲ 0.2%
Debt
€369k▼ 15.3%
The debt ratio falls from 82.3% to 79.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€22k▼
2023 · €46k
Cash flow
€15k▼
2023 · €39k
Solvency
20.2%▲
2023 · 17.7%
Current ratio
1.19▼
2023 · 1.23
Quick ratio
1.19▼
2023 · 1.23
Debt / equity
3.95▼
2023 · 4.66
ROE
13.0%▼
2023 · 39.6%
ROA
2.6%▼
2023 · 7.0%
Interest coverage
3.15▼
2023 · 7.15
Debt
€369k▼
2023 · €435k
Debt ≤ 1 year
€352k▼
2023 · €394k
Income taxes
€672▲
2023 · €364
Staff costs
€127k▲
2023 · €121k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€528k€462k▼
Fixed assets21/28€45k€43k▼
Tangible fixed assets22/27€44k€43k▼
Land and buildings22€44k€42k▼
Furniture and vehicles24-€778
Financial fixed assets28€589€589=
Current assets29/58€483k€418k▼
Amounts receivable within one year40/41€218k€150k▼
Trade receivables40€215k€146k▼
Other amounts receivable41€2k€4k▲
Cash at bank and in hand54/58€197k€183k▼
Deferred charges and accrued income490/1€69k€85k▲
Equity and liabilities
Total equity and liabilities10/49€528k€462k▼
Equity10/15€93k€93k▲
Contributions10/11€25k€25k=
Capital10€25k€25k=
Issued capital100€25k€25k=
Reserves13€68k€68k▲
Non-distributable reserves130/1€3k€3k=
Legal reserve130€3k€3k=
Distributable reserves133€66k€66k▲
Amounts payable17/49€435k€369k▼
Amounts payable within one year42/48€394k€352k▼
Trade debts44€41k€71k▲
Suppliers440/4€41k€71k▲
Advances received on contracts in progress46€298k€253k▼
Taxes, remuneration and social security45€19k€16k▼
Taxes450/3€5k€2k▼
Remuneration and social security454/9€15k€14k▼
Other amounts payable47/48€35k€12k▼
Accrued charges and deferred income492/3€41k€16k▼
Income statement
Code20232024
Turnover70€811k€885k▲
Goods, raw materials, services and sundry goods60/61€642k€736k▲
Remuneration, social security and pensions62€121k€127k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€3k€3k▲
Gross operating margin9900€169k€152k▼
Operating profit (loss)9901€43k€19k▼
Financial income75/76B€202€698▲
Recurring financial income75€202€698▲
Financial charges65/66B€6k€7k▲
Recurring financial charges65€6k€7k▲
Profit (loss) for the period before taxes9903€37k€13k▼
Income taxes67/77€364€672▲
Profit (loss) for the period9904€37k€12k▼
Profit (loss) for the period to be appropriated9905€37k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€101k€78k▼
Profit (loss) brought forward from the previous period14P€64k€66k▲
Transfer to equity691/2€66k€66k▲
To other reserves6921€66k€66k▲
Profit to be distributed694/7€35k€12k▼
Return on contributions (dividend)694€35k€12k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 84 days late
2024
15-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 15 days late
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
31-12
Financial
Highest result since 2018net €51k ▲63.4%
Operating result €55k, net result €51k, both a record.
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 90 days late
2021
31-12
Financial
Back to profitnet €32k
Net result €32k after one loss-making year.
31-12
Financial
Equity above €100kEq €130k ▲32%
Equity rises from €98k to €130k.
23-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 84 days late
2020
31-12
Financial
Weakest financial yearnet €-65k ▼327%
Net result drops to €-65k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 29 days late
2019
31-12
Financial
Equity above €150kEq €164k ▲21.3%
2 profitable years in a row build equity to €164k.
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 6 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 28 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 24 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, La Louvière · 1 establishment unit since 2005
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.
Rue Kéramis(L.L) 27100 La LouvièreGround area
149 m²
Building footprint
81 m²
Volume, LiDAR
1,158 m³
Parcel 55372D0048/00M008, Wallonia · tallest building 16.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Voyages Pascal Noël
since 20052.149.759.035
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55372D0048/00M008 | Wallonia | 149 m² | 1 · 81 m² | 16.3 m · 5 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.
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Of 1,438 companies in sector 79110 we hold annual accounts for 880. 751 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-10-2005
Fiscal year end31-12
Activities, NACEBEL
79110Travel agency activities
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.