Zeppelin Reizen
ActiveSummary
Zeppelin Reizen has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €124k and a net result of €18k. Equity is growing by ~13.3% per year across the filed fiscal years. Its solvency ranks better than 31% of 254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability48▲+3
Solvency45▲+9
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.44 against 1.18 in 2024; short-term debt: 45.3% and cash: 18.2% of total assets), and 80% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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
Travel agency, tour operator and other reservation service and related activities (NACE 79)
about 121% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
20%
Return on assets
2.9%
Age of the figures
9 mo
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
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 26-07-2026, 5 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
5 d early
2024
31 d late
2023
61 d late
2022
23 d late
2021
31 d late
2020
1 d early
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€124k▲ 16.7%
2024 · €107k
2018: €42k
2019: €51k▲ +21.5% vs 2018
2020: €41k▼ -20.0% vs 2019lowest in 8 years
2021: €86k▲ +112% vs 2020
2022: €111k▲ +29.8% vs 2021
2023: €112k▲ +0.8% vs 2022
2024: €107k▼ -5.1% vs 2023
2025: €124k▲ +16.7% vs 2024highest in 8 years
2018 → 2025
Total assets
€622k▼ 34.3%
2024 · €946k
2018: €240klowest in 8 years
2019: €379k▲ +57.7% vs 2018
2020: €322k▼ -15.1% vs 2019
2021: €309k▼ -3.8% vs 2020
2022: €532k▲ +71.9% vs 2021
2023: €769k▲ +44.6% vs 2022
2024: €946k▲ +23.1% vs 2023highest in 8 years
2025: €622k▼ -34.3% vs 2024
2018 → 2025
Net result
€18k▲ 166%
2024 · €7k
2018: €12k
2019: €9k▼ -28.1% vs 2018
2020: €-10k▼ -213% vs 2019lowest in 8 years
2021: €45k▲ +549% vs 2020highest in 8 years
2022: €26k▼ -43.6% vs 2021
2023: €871▼ -96.6% vs 2022
2024: €7k▲ +666% vs 2023
2025: €18k▲ +166% vs 2024
2018 → 2025
Working capital
€124k▲ 15.3%
2024 · €108k
2018: €34klowest in 8 years
2019: €45k▲ +29.8% vs 2018
2020: €118k▲ +165% vs 2019
2021: €83k▼ -29.5% vs 2020
2022: €109k▲ +31.1% vs 2021
2023: €102k▼ -7.0% vs 2022
2024: €108k▲ +6.2% vs 2023
2025: €124k▲ +15.3% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€86k-€111k▲ 29.8%€112k▲ 0.8%€107k▼ 5.1%€124k▲ 16.7%
2021: €86klowest in 5 years
2022: €111k▲ +29.8% vs 2021
2023: €112k▲ +0.8% vs 2022
2024: €107k▼ -5.1% vs 2023
2025: €124k▲ +16.7% vs 2024highest in 5 years
Operating result€51k-€30k▼ 41.2%€6k▼ 80.2%€19k▲ 222%€40k▲ 108%
2021: €51khighest in 5 years
2022: €30k▼ -41.2% vs 2021
2023: €6k▼ -80.2% vs 2022lowest in 5 years
2024: €19k▲ +222% vs 2023
2025: €40k▲ +108% vs 2024
Net result€45k-€26k▼ 43.6%€871▼ 96.6%€7k▲ 666%€18k▲ 166%
2021: €45khighest in 5 years
2022: €26k▼ -43.6% vs 2021
2023: €871▼ -96.6% vs 2022lowest in 5 years
2024: €7k▲ +666% vs 2023
2025: €18k▲ +166% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 108% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €622k
Fixed assets
€216k ▼ 7.5%
Current assets
€406k ▼ 43.1%
Equity and liabilities €622k
Equity
€124k ▲ 16.7%
Debt
€497k ▼ 40.8%
Debt's share of the balance-sheet total falls from 88.7% to 80.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€57k▲
2024 · €37k
Cash flow
€35k▲
2024 · €24k
Current ratio
1.44▲
2024 · 1.18
Debt to equity
4.00▼
2024 · 7.88
ROE
14.3%▲
2024 · 6.3%
ROA
2.9%▲
2024 · 0.7%
Interest coverage
3.04▲
2024 · 3.01
Debt ≤ 1 year
€281k▼
2024 · €605k
Debt > 1 year
€213k▼
2024 · €227k
Income taxes
€4k▲
2024 · €667
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€946k€622k▼
Fixed assets21/28€233k€216k▼
Tangible fixed assets22/27€230k€213k▼
Land and buildings22€229k€212k▼
Plant, machinery and equipment23€1k€285▼
Financial fixed assets28€3k€3k=
Current assets29/58€713k€406k▼
Amounts receivable within one year40/41€515k€205k▼
Trade receivables40€504k€196k▼
Other amounts receivable41€11k€8k▼
Cash at bank and in hand54/58€77k€113k▲
Deferred charges and accrued income490/1€121k€88k▼
Equity and liabilities
Total equity and liabilities10/49€946k€622k▼
Equity10/15€107k€124k▲
Contributions10/11€25k€25k=
Reserves13€82k€99k▲
Distributable reserves133€82k€99k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€840k€497k▼
Amounts payable after more than one year17€227k€213k▼
Financial debts170/4€227k€213k▼
Amounts payable within one year42/48€605k€281k▼
Current portion of amounts payable after more than one year42€13k€14k▲
Trade debts44€318k€101k▼
Suppliers440/4€318k€101k▼
Advances received on contracts in progress46€252k€153k▼
Taxes, remuneration and social security45€8k€2k▼
Taxes450/3€754€2k▲
Remuneration and social security454/9€8k€0▼
Other amounts payable47/48€14k€11k▼
Accrued charges and deferred income492/3€8k€3k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€17k=
Other operating charges640/8€5k€7k▲
Gross operating margin9900€41k€64k▲
Operating profit (loss)9901€19k€40k▲
Financial income75/76B€326€519▲
Recurring financial income75€326€519▲
Financial charges65/66B€12k€19k▲
Recurring financial charges65€12k€19k▲
Profit (loss) for the period before taxes9903€7k€22k▲
Income taxes67/77€667€4k▲
Profit (loss) for the period9904€7k€18k▲
Profit (loss) for the period to be appropriated9905€7k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€7k€18k▲
Transfer from equity791/2€12k€0▼
Transfer to equity691/2€7k€18k▲
To other reserves6921€7k€18k▲
Profit to be distributed694/7€12k€0▼
Return on contributions (dividend)694€12k€0▼
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | €5k | €17k | €17k | = |
| Other operating charges640/8 | €2k | €1k | €1k | €5k | €7k | ▲ 47.6% |
| Gross operating margin9900 | €53k | €31k | €12k | €41k | €64k | ▲ 55.5% |
| Operating profit (loss)9901 | €51k | €30k | €6k | €19k | €40k | ▲ 108% |
| Financial income75/76B | €4 | €21 | €198 | €326 | €519 | ▲ 59.2% |
| Recurring financial income75 | €4 | €21 | €198 | €326 | €519 | ▲ 59.2% |
| Financial charges65/66B | €2k | €2k | €5k | €12k | €19k | ▲ 55.1% |
| Recurring financial charges65 | €2k | €2k | €5k | €12k | €19k | ▲ 55.1% |
| Profit (loss) for the period before taxes9903 | €49k | €28k | €958 | €7k | €22k | ▲ 194% |
| Income taxes67/77 | €4k | €3k | €87 | €667 | €4k | ▲ 470% |
| Profit (loss) for the period9904 | €45k | €26k | €871 | €7k | €18k | ▲ 166% |
| Profit (loss) for the period to be appropriated9905 | €45k | €26k | €871 | €7k | €18k | ▲ 166% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €309k | €532k | €769k | €946k | €622k | ▼ 34.3% |
| Fixed assets21/28 | €5k | €5k | €253k | €233k | €216k | ▼ 7.5% |
| Tangible fixed assets22/27 | - | - | €248k | €230k | €213k | ▼ 7.6% |
| Land and buildings22 | - | - | €246k | €229k | €212k | ▼ 7.3% |
| Plant, machinery and equipment23 | - | - | €2k | €1k | €285 | ▼ 74.3% |
| Financial fixed assets28 | €5k | €5k | €5k | €3k | €3k | = |
| Current assets29/58 | €304k | €527k | €516k | €713k | €406k | ▼ 43.1% |
| Amounts receivable within one year40/41 | €130k | €366k | €380k | €515k | €205k | ▼ 60.3% |
| Trade receivables40 | €129k | €365k | €374k | €504k | €196k | ▼ 61.1% |
| Other amounts receivable41 | €879 | €705 | €6k | €11k | €8k | ▼ 25.5% |
| Cash at bank and in hand54/58 | €114k | €96k | €48k | €77k | €113k | ▲ 47.0% |
| Deferred charges and accrued income490/1 | €60k | €65k | €88k | €121k | €88k | ▼ 27.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €309k | €532k | €769k | €946k | €622k | ▼ 34.3% |
| Equity10/15 | €86k | €111k | €112k | €107k | €124k | ▲ 16.7% |
| Contributions10/11 | €25k | €25k | €25k | €25k | €25k | = |
| Reserves13 | €61k | €86k | €87k | €82k | €99k | ▲ 21.8% |
| Non-distributable reserves130/1 | €3k | €3k | €0 | - | - | - |
| Reserves not available under the articles1311 | €3k | €3k | €0 | - | - | - |
| Distributable reserves133 | €58k | €84k | €87k | €82k | €99k | ▲ 21.8% |
| Profit (loss) carried forward14 | €0 | - | - | €0 | €0 | - |
| Amounts payable17/49 | €223k | €420k | €656k | €840k | €497k | ▼ 40.8% |
| Amounts payable after more than one year17 | - | - | €240k | €227k | €213k | ▼ 6.1% |
| Financial debts170/4 | - | - | €240k | €227k | €213k | ▼ 6.1% |
| Amounts payable within one year42/48 | €221k | €418k | €414k | €605k | €281k | ▼ 53.5% |
| Current portion of amounts payable after more than one year42 | - | - | €13k | €13k | €14k | ▲ 4.1% |
| Trade debts44 | €82k | €245k | €149k | €318k | €101k | ▼ 68.3% |
| Suppliers440/4 | €82k | €245k | €149k | €318k | €101k | ▼ 68.3% |
| Advances received on contracts in progress46 | €132k | €156k | €234k | €252k | €153k | ▼ 39.3% |
| Taxes, remuneration and social security45 | €4k | €9k | €14k | €8k | €2k | ▼ 69.9% |
| Taxes450/3 | €4k | €7k | €10k | €754 | €2k | ▲ 230% |
| Remuneration and social security454/9 | €0 | €2k | €5k | €8k | €0 | ▼ 100% |
| Other amounts payable47/48 | €4k | €6k | €4k | €14k | €11k | ▼ 16.1% |
| Accrued charges and deferred income492/3 | €2k | €3k | €2k | €8k | €3k | ▼ 65.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45k | €26k | €871 | €7k | €18k | ▲ 166% |
| + Depreciation and write-downs630 | €0 | - | €5k | €17k | €17k | = |
| Operating cash flow (approximation) | €45k | €26k | €6k | €24k | €35k | ▲ 45.9% |
| Investment in fixed assets (approximation) | - | €0 | €-252k | €2k | €0 | ▼ 100% |
| Change in cash | - | €-18k | €-48k | €29k | €36k | ▲ 23.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
31-12
Financial
Equity above €100kEq €111k ▲29.8%
2 profitable years in a row build equity to €111k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €45k
Net result €45k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Laarne · 2 establishment units since 2013
Ground area
2,473 m²
Building footprint
196 m²
Volume, LiDAR
1,225 m³
2 parcels, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Lupa Planet
since 20132.221.768.766
Zeppelin Reizen
since 20202.300.723.204
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42010C1047/00B000 | Flanders | 2,400 m² | 1 · 117 m² | 9.0 m · 2 fl. |
| 42010C0096/00H000 | Flanders | 73 m² | 1 · 79 m² | 10.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Legal Entity Identifier
549300WQ8IHZ314X2V80
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WANDELTUIN
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Vizit VZW
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MAX ARTHUR
BE 0448.564.622
Blankenberge · Eq €138,354
Of 1,845 companies in sector 79901 we hold annual accounts for 146. 118 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-09-2013
Fiscal year end31-12
Activities, NACEBEL 2025
79901Tourist information services
49320Non-scheduled passenger transport by road
79110Travel agency activities
79120Travel agency, tour operator and other reservation service and related activities
Contact
Website
www.zeppelinreizen.be
E-mail
info@zeppelinreizen.be
Phone
0471222711
Website
www.lupaplanet.beLaarne
E-mail
info@lupaplanet.beLaarne
Website
zeppelinreizen.beLaarne
E-mail
jessie@zeppelinreizen.beLaarne
Scores and ratios are computed by Checked and are not a credit decision.