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Travel agency activities

Current registrations 1,429division 79: 3,749
Starters, 12 months 926.4 per 100 · Belgium 8.9
Bankruptcies, 12 months 107.0 per 1,000 registrations · Belgium 6.2
Employment (FTE) 4,065276 employers · latest accounts
Median age 12.7 yearsBelgium 8.1 years
E-invoicing via Peppol 87.9%1,256 of 1,429 companies in the Peppol Directory · Belgium 85.0%

Filed accounts

NACE 79110 · financial year 2025 · 824 filed annual accounts
Median solvency
32.1%
division 33.1% · Belgium 46.1%
Median net result
€15,944
division €14,155 · Belgium €16,520
Median equity
€143,971
division €128,527 · Belgium €98,421
Loss-making
24.1%
division 26.9% · Belgium 26.7%
Negative equity
8.3%
division 10.0% · Belgium 12.4%
Median return on equity
12.2%
division 12.5% · Belgium 15.9%
Median liquidity
1.60
division 1.64 · Belgium 1.66
Filed late
34.3%
financial year 2024, 837 filings · division 35.1% · Belgium 38.4%
Missing or 90 days late
5.6%
of 912 companies with annual accounts · division 5.9% · Belgium 5.4%
Per financial year202020212022202320242025
Median solvency 24.1%29.9%30.9%32.1%31.5%32.1%
Median net result -€13,907€14,239€22,117€19,134€18,931€15,944

Hold your customer's or competitor's figures against them in the Sector benchmark

Bankruptcies

Bankruptcies, 5 years, still registered
26
1.82% of the registrations · Belgium 1.68%
Running bankruptcies
47
32.9 per 1,000 registrations

Recent bankruptcies

Date Company
19-10-2026 GOOD TRIP
BE 0803.405.369
21-09-2026 AFRICA EXPRESS BELGIUM
BE 0751.701.894
19-08-2026 RANIA VOYAGES SPRL
BE 0899.154.366
04-08-2026 VOYAGES MONTAINE - REIZEN MONTAINE
BE 0401.266.927
07-07-2026 DOUH TRAVEL
BE 0543.414.883
03-07-2026 EXIR
BE 0671.608.303
19-06-2026 JOLIE TOURS
BE 0719.440.486
10-04-2026 LVO Solutions
BE 1005.139.338

Every bankruptcy in division 79, last 90 days

Spread across the country

by region and province · 1,095 of 1,429 enterprises with a registered office on file · a sole trader has no published seat
  • Flanders 614 · 56.1%
  • Wallonia 280 · 25.6%
  • Brussels 190 · 17.4%
  • Abroad 11 · 1.0%
fewer moremax 190

Largest employers

NACE 79110 as first main activity · staff from the latest accounts
  1. 1 Thomas Cook Retail Belgium 531 FTEfinancial year 2018
  2. 2 TUI Belgium RetailZaventem 433 FTEfinancial year 2025
  3. 3 GLOBAL BUSINESS TRAVELBrussels 144 FTEfinancial year 2025
  4. 4 BCD Travel BelgiumAntwerp 135 FTEfinancial year 2025
  5. 5 CONNECTIONS -EUROTRAINVilvoorde 124 FTEfinancial year 2025

Joint committees

from the latest accounts of 291 companies
  • 200 Auxiliary committee for white-collar workers 264
  • 100 Auxiliary committee for blue-collar workers 65
  • 140 Transport and logistics 9
  • 140.01 Buses and coaches 7
  • 302 Hotels and catering 5
  • 140.02 Taxis 4
  • 201 Independent retail 2
  • 329.01 Socio-cultural sector 2
Show the 10 others
  • 112 Garages 1
  • 203 White-collar workers in bluestone quarries 1
  • 226 White-collar workers in international trade, transport and logistics 1
  • 306 Insurance companies 1
  • 307 Insurance brokers and agencies 1
  • 329.02 Socio-cultural sector 1
  • 330.04 Health institutions and services 1
  • 333 Tourist attractions 1
  • 337 Auxiliary committee for the non-profit sector 1
  • 341 Intermediation in banking and investment services 1

Source: the annual accounts at the National Bank. One filing can name more than one committee.

Division 79: Travel agencies

Related activities

1 other activity
Activity Registrations Starters, 12 months Bankruptcies, 12 months FTE
Travel agency, tour operator and other reservation service and related activities79120 529 73 2 912

Bankruptcies per year in division 79

Per year201520162017201820192020202120222023202420252026
Bankruptcies172228201625202621171713
Jobs lost113245365595721669656223517

2026 through September. Every bankruptcy, also of companies that have since left the register. Source: Statbel (Directorate-General Statistics), NACE classification of 2008.

Staff cost per FTE in NACE division 79

312 employers
Median
€58,800
Belgium €61,400
Middle half
€50,400 to €69,100
half of the employers lie between
Place among sectors
61 of 78
sectors with a median staff cost per FTE, highest first
By size class
SizeMedianMiddle halfEmployers
fewer than 10 FTE €56,500 €49,000 to €66,300 231
10 to 49 FTE €60,300 €52,000 to €72,700 62

10 of the 1,667 companies in NACE division 79 have a parent company abroad. Main parent countries: France (3), United Kingdom (2) and Netherlands (2). Together they employ 1,282 of the division's 5,531 FTE: 23%, against 14% for Belgium as a whole.

Subsidies in this sector

per register · legal entities with an enterprise number
  • Flemish subsidies €37.7m awarded 338 recipients · 2022 to 2025 · largest: Globalisatiemechanisme (discontinued)
  • Federal transfers 305,679 amount as published 8 recipients · 2023 to 2025 · largest: Toelage aan de vzw 'Geschillencommissie Reizen'
  • Wallonia-Brussels Federation €2.3m paid 19 recipients · 2021 to 2025 · largest: Subventions aux organisations de jeunesse (décret du 20 juin 1980 et du 26 mars 2009)
  • EU budget €88.0m attributed share 7 recipients · 2021 to 2025 · largest: Mission and representation
  • EU research €5.9m EU contribution 1 recipient · 2015 to 2027 · largest: Horizon 2020

Explore every recipient in this sector

Insights on Travel agency activities

Balance sheet and result. 8.3% of the annual accounts show negative equity, against 12.4% in Belgium. Solvency of 32.1% is below Belgium's 46.1%. Return on equity of 12.2% is below Belgium's 15.9%.

Bankruptcies. In 12 months, 7.0 of 1,000 companies went bankrupt, against 6.2 in Belgium. That is more than in 73% of the 88 NACE divisions. The median bankruptcy probability of 0.2% is above Belgium's 0.2%.

Inflow and structure. Half of the companies are younger than 12.7 years, against 8.1 years in Belgium. 23.4% of the companies are sole traders, against 41.6% in Belgium. Brussels holds 17.5% of the seats, against 12.5% in Belgium.

Staff and filing. 34.3% of the financial year 2024 accounts were filed late, against 38.4% in Belgium. The 5 largest employers hold 1,367 of the 4,065 FTE: 33.6%.

Direction. Median solvency rose from 24.1% in financial year 2020 to 32.1% in financial year 2025. The median net result rose from -€13,907 in financial year 2020 to €15,944 in financial year 2025.

The comparison with Belgium as a whole and with the other divisions is as of 06-11-2026 05:30.

Method and sources

Every company registered today counts under its main activities in the KBO. Establishment units do not count. Staff counts once, under the employer's first main activity, from its latest accounts and only where it fits the staff costs. The count follows the NACE 2025 classification, the version in which code 79110 exists.

The bankruptcies over five years count only companies still registered today, because the activity of a company that left the register is not kept. So they are fewer than the bankruptcies of those years, and the figure is not a probability for the future. Over twelve months the count is nearly complete, because a bankrupt company stays registered while its bankruptcy runs. A company with more than one main activity counts in each of those sectors.

The comparison with Belgium as a whole and with the other NACE divisions rests on an overview of every division, counted again each night. Each division is counted in the version of the NACE classification in which it exists. A standing such as "more than in 80%" compares with the other divisions that have the figure. A division's bankruptcy probability is the median over its companies with a score. Belgium here counts the 1,276,581 companies with a main activity, because only those belong to a division. The other 698,987 registrations publish no activity.

Each median is the value of the middle company, computed over the annual accounts of financial year 2025, and is shown only from 30 accounts. A share (loss-making, negative equity) counts that year's accounts with that trait. Accounts are late when they are filed after the statutory deadline. The direction per financial year follows the companies still registered today. Missing or 90 days late counts the companies with accounts missing today, or whose latest were filed more than 90 days after the deadline. The dossier follows the same rule.