CHIRINE VOYAGES
ActiveSummary
CHIRINE VOYAGES has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €49k and a net result of €5k. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 34% of 265 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
45
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability35▲+29
Solvency46▼-33
Growth52▲+17
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity tight (current ratio 1.2 against 0.75 in 2023; short-term debt: 65.1% and cash: 0.6% of total assets), and 79.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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
20.8%
Return on assets
2%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-10-2025, 91 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
91 d late
2023
30 d late
2022
116 d late
2021
73 d late
2020
90 d late
2019
123 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Turnover
€765k▲ 17.7%
2022 · €650k
2018: €1.27M
2019: €1.04M
2020: €128k
2021: €282k
2022: €650k
2018 → 2023
EBIT margin
-1.2%▲ 0.8pp
2022 · -2.0%
2018: 0.5%
2019: 0.5%
2020: -24.8%
2021: 26.4%
2022: -2.0%
2018 → 2023
Net result
€5k
2023 · €-13k
2018: €1k
2019: €-821
2020: €-34k
2021: €72k
2022: €-16k
2023: €-13k
2018 → 2024
Working capital
€31k
2023 · €-8k
2018: €-451
2019: €-2k
2020: €-40k
2021: €15k
2022: €9k
2023: €-8k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€128k-€282k▲ 120%€650k▲ 131%€765k▲ 17.7%
Equity€897-€73k▲ 8,049%€57k▼ 21.5%€44k▼ 23.3%€49k▲ 10.5%
Operating result€-32k-€75k€-13k€-9k▲ 29.5%€31k
Net result€-34k-€72k€-16k€-13k▲ 14.9%€5k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €31k after a loss of €9k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €233k
Fixed assets
€51k ▼ 8.9%
Current assets
€182k ▲ 623%
Equity and liabilities €233k
Equity
€49k ▲ 10.5%
Debt
€185k ▲ 400%
Debt's share of the balance-sheet total rises from 45.6% to 79.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€36k▲
2023 · €-4k
Cash flow
€10k▲
2023 · €-8k
Current ratio
1.20▲
2023 · 0.75
Debt to equity
3.80▲
2023 · 0.84
ROE
9.5%▲
2023 · -30.5%
ROA
2.0%▲
2023 · -16.6%
Interest coverage
1.67▲
2023 · -1.03
Debt ≤ 1 year
€152k▲
2023 · €34k
Income taxes
€5k
Staff costs
€54k▲
2023 · €19k
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 · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€81k€233k▲
Fixed assets21/28€56k€51k▼
Tangible fixed assets22/27€56k€51k▼
Land and buildings22€51k€49k▼
Furniture and vehicles24€4k€2k▼
Current assets29/58€25k€182k▲
Amounts receivable within one year40/41€25k€181k▲
Trade receivables40€1k€158k▲
Other amounts receivable41€23k€24k▲
Cash at bank and in hand54/58€596€1k▲
Equity and liabilities
Total equity and liabilities10/49€81k€233k▲
Equity10/15€44k€49k▲
Contributions10/11€40k€40k=
Outside capital11€40k-
Other1109/19€40k-
Profit (loss) carried forward14€4k€9k▲
Amounts payable17/49€37k€185k▲
Amounts payable after more than one year17€3k-
Financial debts170/4€3k-
Amounts payable within one year42/48€34k€152k▲
Financial debts43€17k€26k▲
Credit institutions430/8€17k€26k▲
Trade debts44€15k€109k▲
Suppliers440/4€15k€109k▲
Taxes, remuneration and social security45€2k€17k▲
Taxes450/3-€7k
Remuneration and social security454/9€2k€10k▲
Accrued charges and deferred income492/3€220€33k▲
Income statement
Code20232024
Turnover70€765k-
Goods, raw materials, services and sundry goods60/61€742k-
Remuneration, social security and pensions62€19k€54k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k=
Other operating charges640/8€8k€18k▲
Gross operating margin9900€23k€108k▲
Operating profit (loss)9901€-9k€31k▲
Financial charges65/66B€4k€21k▲
Recurring financial charges65€4k€21k▲
Profit (loss) for the period before taxes9903€-13k€9k▲
Income taxes67/77-€5k
Profit (loss) for the period9904€-13k€5k▲
Profit (loss) for the period to be appropriated9905€-13k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€4k€9k▲
Profit (loss) brought forward from the previous period14P€17k€4k▼
Social balance
Average headcount (FTE)9087-2.3
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 91 days late
2024
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
24-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 116 days late
2022
12-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 73 days late
2021
31-12
Financial
Back to profitnet €72k
Net result €72k after 2 loss-making years.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-12
Financial
Weakest financial yearnet €-34k
Net result drops to €-34k, the lowest in the series; recovery starts the following year.
01-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 123 days late
2019
18-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 49 days late
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 55 days late
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 61 days late
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, Mechelen · 1 establishment unit since 2007
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.
Vijfhoek 42800 MechelenGround area
60 m²
Building footprint
75 m²
Volume, LiDAR
824 m³
Parcel 12025D0529/00B000, Flanders · tallest building 14.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Chirine Voyages
since 20072.166.698.502
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12025D0529/00B000 | Flanders | 60 m² | 1 · 75 m² | 14.1 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 3,276 EUR awarded · 3,276 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 3,276 EUR | 3,276 EUR |
Schemes
Vlaams Beschermingsmechanisme 9 (stopgezet)
Recognitions · licences · registrations
Dual-learning approval
1 live approvalOnthaal, organisatie en sales duaal (so)
Similar companies · same sector, comparable size
DGN Travel
BE 0765.413.637
Aartselaar · Eq €48,632
JOYE TRAVEL
BE 0428.816.808
Ichtegem · Eq €48,663
TRAVEL PARTNERS
BE 0466.486.559
Hasselt · Eq €48,874
TRANS MEETING
BE 0458.747.147
Ukkel · Eq €48,919
FOSSANNA
BE 0790.138.541
Kontich · Eq €48,242
Of 1,437 companies in sector 79110 we hold annual accounts for 880. 684 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded19-06-2007
Fiscal year end31-12
Activities, NACEBEL 2025
79110Travel agency activities
77110Renting and leasing of cars and light motor vehicles
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.