WORLD – CONCIERGE
Open bankruptcyFinancials · financial year 2025, micro format
2025 annual accounts filed late (54 days) Filed on 23 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00520814.
Equity
€148,633▼ 4.5%
2024 · €155,598
Total assets
€250,923▼ 64.8%
2024 · €713,199
Net result
-€6,965
2024 · €24,455
Working capital
€140,824▼ 7.5%
2024 · €152,229
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result has fallen four years in a row; 2025 is 46% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€33,563
2025
Net result-€6,965
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€250,923
2025
Equity€148,633
2025
Debt€102,289
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€140,824
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-2.8%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency59.2%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio2.46
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)1.3
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 79, Travel agency, tour operator and other reservation service and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€21,603--€31,919€114,084€107,231▼ 6.0%€82,779▼ 22.8%€62,630▼ 24.3%€33,563▼ 46.4%
Net result€19,540--€53,911below the sector's middle half€73,968above the sector's middle half€52,950above the sector's middle half▼ 28.4%€32,735above the sector's middle half▼ 38.2%€24,455within the sector's middle half▼ 25.3%-€6,965below the sector's middle half
Equity€25,401--€28,510below the sector's middle half€45,458within the sector's middle half€98,408within the sector's middle half▲ 116%€131,143within the sector's middle half▲ 33.3%€155,598above the sector's middle half▲ 18.6%€148,633above the sector's middle half▼ 4.5%
Total assets€113,714-€159,185within the sector's middle half▲ 40.0%€191,701within the sector's middle half▲ 20.4%€289,917within the sector's middle half▲ 51.2%€358,208within the sector's middle half▲ 23.6%€713,199above the sector's middle half▲ 99.1%€250,923within the sector's middle half▼ 64.8%
Debt€88,313-€187,695▲ 113%€146,243▼ 22.1%€191,509▲ 31.0%€227,064▲ 18.6%€557,601▲ 146%€102,289▼ 81.7%
Working capital€25,401--€28,510below the sector's middle half€33,453within the sector's middle half€80,729within the sector's middle half▲ 141%€114,138within the sector's middle half▲ 41.4%€152,229above the sector's middle half▲ 33.4%€140,824above the sector's middle half▼ 7.5%
Solvency22.3%--17.9%below the sector's middle half▼ 40.2pp23.7%within the sector's middle half▲ 41.6pp33.9%within the sector's middle half▲ 10.2pp36.6%within the sector's middle half▲ 2.7pp21.8%within the sector's middle half▼ 14.8pp59.2%within the sector's middle half▲ 37.4pp
Current ratio1.29-0.85below the sector's middle half▼ 0.441.23within the sector's middle half▲ 0.381.43within the sector's middle half▲ 0.201.50within the sector's middle half▲ 0.071.28within the sector's middle half▼ 0.222.46within the sector's middle half▲ 1.18
Return on assets (ROA)17.2%--33.9%below the sector's middle half▼ 51.1pp38.6%above the sector's middle half▲ 72.5pp18.3%above the sector's middle half▼ 20.3pp9.1%within the sector's middle half▼ 9.1pp3.4%within the sector's middle half▼ 5.7pp-2.8%within the sector's middle half▼ 6.2pp
Staff (FTE)1-22=1.9▼ 5.0%1.6▼ 15.8%1.3▼ 18.8%
above
within
below
the middle half of NACE 79, Travel agency, tour operator and other reservation service and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €250,923
Fixed assets
€13,806 ▼ 13.4%
Current assets
€237,117 ▼ 66.0%
Equity and liabilities €250,923
Equity
€148,633 ▼ 4.5%
Debt
€102,289 ▼ 81.7%
Debt's share of the balance-sheet total falls from 78.2% to 40.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€37,071▼
2024 · €67,083
Cash flow
-€3,457▼
2024 · €28,908
Debt to equity
0.69▼
2024 · 3.58
ROE
-4.7%▼
2024 · 15.7%
Interest coverage
0.94▼
2024 · 2.95
Debt ≤ 1 year
€96,292▼
2024 · €545,029
Income taxes
€2,873▼
2024 · €15,441
Staff costs
€26,749▼
2024 · €59,849
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €0.06m | €0.08m | €0.07m | €0.06m | €0.03m | ▼ 55.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €0.002m | €0.004m | €0.004m | €0.004m | €0.004m | ▼ 21.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €0.03m | €0.01m | -€0.01m | €0.01m | -€116 | - |
| Other operating charges640/8 | - | - | €0.002m | €1.6m | €2.5m | €0.001m | €0.004m | ▲ 572% |
| Gross operating margin9900 | €0.05m | €0.06m | €0.2m | €1.8m | €2.6m | €0.1m | €0.07m | ▼ 52.1% |
| Operating profit (loss)9901 | €0.02m | -€0.03m | €0.1m | €0.1m | €0.08m | €0.06m | €0.03m | ▼ 46.4% |
| Financial income75/76B | - | - | €0.001m | €0.001m | €0.002m | €1 | €0.002m | ▲ 1,224× |
| Recurring financial income75 | €36 | €35 | €0.001m | €0.001m | €0.002m | €1 | €0.002m | ▲ 1,224× |
| Financial charges65/66B | - | - | €0.01m | €0.01m | €0.02m | €0.02m | €0.04m | ▲ 73.0% |
| Recurring financial charges65 | €0.001m | €0.008m | €0.01m | €0.01m | €0.02m | €0.02m | €0.04m | ▲ 73.0% |
| Profit (loss) for the period before taxes9903 | €0.02m | -€0.04m | €0.1m | €0.09m | €0.07m | €0.04m | -€0.004m | - |
| Income taxes67/77 | €0.001m | €0.01m | €0.03m | €0.04m | €0.04m | €0.02m | €0.003m | ▼ 81.4% |
| Profit (loss) for the period9904 | €0.02m | -€0.05m | €0.07m | €0.05m | €0.03m | €0.02m | -€0.007m | - |
| Profit (loss) for the period to be appropriated9905 | €0.02m | -€0.05m | €0.07m | €0.05m | €0.03m | €0.02m | -€0.007m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €113,714 | €159,185 | €191,701 | €289,917 | €358,208 | €713,199 | €250,923 | ▼ 64.8% |
| Fixed assets21/28 | - | - | €12,005 | €21,479 | €17,005 | €15,942 | €13,806 | ▼ 13.4% |
| Tangible fixed assets22/27 | - | - | €12,005 | €11,479 | €7,005 | €5,942 | €3,806 | ▼ 35.9% |
| Furniture and vehicles24 | - | - | €12,005 | €11,479 | €7,005 | €5,942 | €3,806 | ▼ 35.9% |
| Financial fixed assets28 | - | - | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Current assets29/58 | €113,714 | €159,185 | €179,696 | €268,438 | €341,202 | €697,258 | €237,117 | ▼ 66.0% |
| Amounts receivable within one year40/41 | €105,724 | €72,444 | €74,979 | €112,948 | €198,388 | €507,732 | €147,996 | ▼ 70.9% |
| Trade receivables40 | - | - | €63,536 | €106,498 | €187,649 | €483,817 | €90,568 | ▼ 81.3% |
| Other amounts receivable41 | - | - | €11,443 | €6,449 | €10,739 | €23,914 | €57,428 | ▲ 140% |
| Cash at bank and in hand54/58 | €7,912 | €86,741 | €104,717 | €155,491 | €142,191 | €188,208 | €88,445 | ▼ 53.0% |
| Deferred charges and accrued income490/1 | - | - | - | - | €623 | €1,319 | €676 | ▼ 48.7% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €113,714 | €159,185 | €191,701 | €289,917 | €358,208 | €713,199 | €250,923 | ▼ 64.8% |
| Equity10/15 | €25,401 | -€28,510 | €45,458 | €98,408 | €131,143 | €155,598 | €148,633 | ▼ 4.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €6,801 | €6,801 | €26,858 | €79,808 | €112,543 | €136,998 | €136,998 | = |
| Distributable reserves133 | - | - | €26,858 | €79,808 | €112,543 | €136,998 | €136,998 | = |
| Profit (loss) carried forward14 | - | -€53,911 | - | - | - | - | -€6,965 | - |
| Amounts payable17/49 | €88,313 | €187,695 | €146,243 | €191,509 | €227,064 | €557,601 | €102,289 | ▼ 81.7% |
| Amounts payable within one year42/48 | €88,313 | €187,695 | €146,243 | €187,709 | €227,064 | €545,029 | €96,292 | ▼ 82.3% |
| Trade debts44 | €13,869 | €122,041 | €69,495 | €65,624 | €126,945 | €472,645 | €12,710 | ▼ 97.3% |
| Suppliers440/4 | - | - | €69,495 | €65,624 | €126,945 | €472,645 | €12,710 | ▼ 97.3% |
| Taxes, remuneration and social security45 | - | - | €76,748 | €117,449 | €73,577 | €53,448 | €39,735 | ▼ 25.7% |
| Taxes450/3 | - | - | €72,605 | €108,025 | €63,510 | €49,247 | €32,979 | ▼ 33.0% |
| Remuneration and social security454/9 | - | - | €4,144 | €9,425 | €10,067 | €4,201 | €6,756 | ▲ 60.8% |
| Other amounts payable47/48 | - | - | - | €4,636 | €26,543 | €18,935 | €43,847 | ▲ 132% |
| Accrued charges and deferred income492/3 | - | - | - | €3,800 | - | €12,572 | €5,997 | ▼ 52.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,540 | -€53,911 | €73,968 | €52,950 | €32,735 | €24,455 | -€6,965 | - |
| + Depreciation and write-downs630 | - | - | €2,080 | €3,955 | €4,473 | €4,453 | €3,508 | ▼ 21.2% |
| Operating cash flow (approximation) | €19,540 | -€53,911 | €76,048 | €56,906 | €37,208 | €28,908 | -€3,457 | - |
| Investment in fixed assets (approximation) | - | - | - | -€13,429 | €0 | -€3,389 | -€1,373 | ▲ 59.5% |
| Change in cash | - | €78,829 | €17,976 | €50,773 | -€13,300 | €46,017 | -€99,763 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 23-09-2026 | 2026-00520814 |
| 31-12-2024 | micro format | 18-07-2025 | 2025-00284480 |
| 31-12-2023 | micro format | 05-06-2024 | 2024-00111895 |
| 31-12-2022 | micro format | 10-09-2023 | 2023-00442730 |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20345535 |
| 30-06-2020 | micro format | 01-02-2021 | 2021-04200293 |
| 30-06-2019 | micro format | 31-01-2020 | 2020-03500570 |
| 30-06-2018 | micro format | 28-02-2019 | 2019-06300071 |
| 30-06-2016 | full format | 28-06-2017 | 2017-23900465 |
| 30-06-2015 | full format | 25-01-2016 | 2016-02600179 |
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Of the 1,431 active companies whose main activity is travel agency activities (NACE 79110), figures are known for 890. 756 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.