VOYAGES PLUS
ActiveVOYAGES PLUS has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €147k and a net result of €15k. Equity is growing by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 57% of 445 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▼-4
Solvency68=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 1.75 against 1.98 in 2024; short-term debt: 53.4% and cash: 65.8% of total assets), but 56.9% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
43.1%
Return on assets
4.5%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-11-2025, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
65 d early
2024
67 d early
2023
103 d early
2022
74 d early
2021
87 d early
2020
74 d early
2019
64 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close22-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€980k▼ 48.3%
2020 · €1.90M
2019: €2.47M
2020: €1.90M
2019 → 2021
EBIT margin
-3.7%▼ 3.6pp
2020 · -0.1%
2019: 0.3%
2020: -0.1%
2019 → 2021
Net result
€15k▼ 34.6%
2024 · €24k
2019: €1k
2020: €-2k
2021: €-38k
2022: €22k
2023: €17k
2024: €24k
2019 → 2025
Working capital
€138k▼ 5.3%
2024 · €145k
2019: €90k
2020: €72k
2021: €45k
2022: €72k
2023: €116k
2024: €145k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€980k-
Equity€68k-€90k▲ 32.7%€110k▲ 21.6%€133k▲ 20.7%€147k▲ 10.9%
Operating result€-36k-€24k€19k▼ 24.0%€30k▲ 59.9%€23k▼ 22.8%
Net result€-38k-€22k€17k▼ 22.6%€24k▲ 37.3%€15k▼ 34.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 23% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €342k
Fixed assets
€21k▲ 90.7%
Current assets
€320k▲ 8.8%
Equity and liabilities €342k
Equity
€147k▲ 10.9%
Provisions
€12k▼ 50.0%
Debt
€183k▲ 22.6%
The debt ratio rises from 48.8% to 53.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€25k▼
2024 · €37k
Cash flow
€18k▼
2024 · €31k
Solvency
43.1%▼
2024 · 43.4%
Current ratio
1.75▼
2024 · 1.98
Quick ratio
1.75▼
2024 · 1.98
Debt / equity
1.24▲
2024 · 1.12
ROE
10.5%▼
2024 · 17.9%
ROA
4.5%▼
2024 · 7.7%
Interest coverage
24.73▲
2024 · 24.11
Debt
€183k▲
2024 · €149k
Debt ≤ 1 year
€183k▲
2024 · €149k
Income taxes
€8k▲
2024 · €5k
Staff costs
€120k▼
2024 · €146k
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€306k€342k▲
Fixed assets21/28€11k€21k▲
Intangible fixed assets21€3k€672▼
Tangible fixed assets22/27-€12k
Plant, machinery and equipment23-€11k
Furniture and vehicles24-€665
Financial fixed assets28€9k€9k▲
Current assets29/58€294k€320k▲
Amounts receivable within one year40/41€59k€84k▲
Trade receivables40€30k€64k▲
Other amounts receivable41€29k€19k▼
Current investments50/53-€12k
Cash at bank and in hand54/58€231k€225k▼
Deferred charges and accrued income490/1€5k-
Equity and liabilities
Total equity and liabilities10/49€306k€342k▲
Equity10/15€133k€147k▲
Contributions10/11€63k€63k=
Capital10€63k€63k=
Issued capital100€63k€63k=
Reserves13€15k€15k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€9k€9k=
Profit (loss) carried forward14€54k€69k▲
Investment grants15€1k€328▼
Provisions and deferred taxes16€24k€12k▼
Provisions for liabilities and charges160/5€24k€12k▼
Other liabilities and charges164/5€24k€12k▼
Amounts payable17/49€149k€183k▲
Amounts payable within one year42/48€149k€183k▲
Trade debts44€19k€75k▲
Suppliers440/4€19k€75k▲
Advances received on contracts in progress46€116k€88k▼
Taxes, remuneration and social security45€13k€20k▲
Taxes450/3-€8k
Remuneration and social security454/9€13k€12k▼
Income statement
Code20242025
Remuneration, social security and pensions62€146k€120k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€2k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€862-
Provisions for liabilities and charges: additions (uses and reversals)635/8-€-12k
Other operating charges640/8€4k€6k▲
Non-recurring operating charges66A€2k-
Gross operating margin9900€189k€140k▼
Operating profit (loss)9901€30k€23k▼
Financial income75/76B€974€2k▲
Recurring financial income75€974€2k▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€29k€24k▼
Income taxes67/77€5k€8k▲
Profit (loss) for the period9904€24k€15k▼
Profit (loss) for the period to be appropriated9905€24k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€54k€69k▲
Profit (loss) brought forward from the previous period14P€30k€54k▲
The notes to these accounts (9 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
27-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
25-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Highest result since 2019net €24k ▲37.3%
Operating result €30k, net result €24k, both a record.
2023
20-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Equity above €100kEq €110k ▲21.6%
2 profitable years in a row build equity to €110k.
2022
18-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Back to profitnet €22k
Net result €22k after 2 loss-making years.
2021
05-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Weakest financial yearnet €-38k
Net result drops to €-38k, the lowest in the series; recovery starts the following year.
2020
18-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
28-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
07-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
28-11
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
4 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, Etterbeek · 1 establishment unit since 1988
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.
Tervatestraat 651040 EtterbeekGround area
174 m²
Building footprint
136 m²
Volume, LiDAR
1,417 m³
Parcel 21363B0327/00R006, Brussels · tallest building 15.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
VOYAGES PLUS
since 19882.033.572.732
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21363B0327/00R006 | Brussels | 174 m² | 1 · 136 m² | 15.8 m · 4 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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Tours 33
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Of 1,439 companies in sector 79110 we hold annual accounts for 880. 755 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-01-1988
Fiscal year end30-06
Activities, NACEBEL
79110Travel agency activities
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.