ND TRAVEL
ActiveSummary
The computed 12-month bankruptcy probability of ND TRAVEL is 1.8% (moderate). The 2025 annual accounts show equity of €146k and a net result of €13k. Equity is growing by ~13.6% per year across the filed fiscal years. Its solvency ranks better than 46% of 254 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability44▼-35
Solvency54▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity tight (current ratio 1.42 against 1.59 in 2024; short-term debt: 67.6% and cash: 36.6% of total assets), and 70.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 · 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
29.3%
Return on assets
2.5%
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
23 d early
2023
1 d early
2022
25 d late
2021
28 d late
2020
1 d early
2019
25 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€13k▼ 76.3%
2024 · €53k
2018: €5k
2019: €18k
2020: €-103k
2021: €14k
2022: €23k
2023: €49k
2024: €53k
2018 → 2025
Working capital
€141k▼ 42.0%
2024 · €243k
2018: €79k
2019: €96k
2020: €141k
2021: €12k
2022: €98k
2023: €148k
2024: €243k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€41k-€64k▲ 55.6%€113k▲ 75.5%€133k▲ 17.7%€146k▲ 9.5%
Operating result€21k-€30k▲ 45.9%€56k▲ 87.9%€65k▲ 14.6%€25k▼ 60.9%
Net result€14k-€23k▲ 59.8%€49k▲ 111%€53k▲ 9.7%€13k▼ 76.3%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 61% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €497k
Fixed assets
€20k ▼ 25.9%
Current assets
€477k ▼ 26.7%
Equity and liabilities €497k
Equity
€146k ▲ 9.5%
Debt
€352k ▼ 35.5%
Debt's share of the balance-sheet total falls from 80.4% to 70.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€34k▼
2024 · €72k
Cash flow
€21k▼
2024 · €61k
Current ratio
1.42▼
2024 · 1.59
Debt to equity
2.42▼
2024 · 4.10
ROE
8.7%▼
2024 · 40.1%
ROA
2.5%▼
2024 · 7.9%
Interest coverage
2.65▼
2024 · 6.08
Debt ≤ 1 year
€336k▼
2024 · €408k
Debt > 1 year
€11k▼
2024 · €31k
Income taxes
€540▼
2024 · €548
Staff costs
€89k▲
2024 · €86k
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 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€678k€497k▼
Fixed assets21/28€27k€20k▼
Intangible fixed assets21€17k€12k▼
Tangible fixed assets22/27€8k€7k▼
Plant, machinery and equipment23€1k€824▼
Furniture and vehicles24€7k€6k▼
Financial fixed assets28€2k€2k▲
Current assets29/58€651k€477k▼
Amounts receivable after more than one year29€26k-
Other amounts receivable291€26k-
Amounts receivable within one year40/41€211k€193k▼
Trade receivables40€209k€184k▼
Other amounts receivable41€3k€10k▲
Cash at bank and in hand54/58€210k€182k▼
Deferred charges and accrued income490/1€203k€101k▼
Equity and liabilities
Total equity and liabilities10/49€678k€497k▼
Equity10/15€133k€146k▲
Contributions10/11€30k€30k=
Reserves13€3k€3k=
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Profit (loss) carried forward14€100k€113k▲
Amounts payable17/49€545k€352k▼
Amounts payable after more than one year17€31k€11k▼
Financial debts170/4€31k€11k▼
Amounts payable within one year42/48€408k€336k▼
Current portion of amounts payable after more than one year42€28k€25k▼
Trade debts44€183k€32k▼
Suppliers440/4€183k€32k▼
Advances received on contracts in progress46€142k€264k▲
Taxes, remuneration and social security45€20k€14k▼
Taxes450/3€4k€549▼
Remuneration and social security454/9€16k€13k▼
Other amounts payable47/48€35k€1k▼
Accrued charges and deferred income492/3€106k€5k▼
Income statement
Code20242025
Remuneration, social security and pensions62€86k€89k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€8k▲
Other operating charges640/8€4k€6k▲
Gross operating margin9900€162k€129k▼
Operating profit (loss)9901€65k€25k▼
Financial income75/76B€1k€584▼
Recurring financial income75€1k€584▼
Financial charges65/66B€12k€13k▲
Recurring financial charges65€12k€13k▲
Profit (loss) for the period before taxes9903€54k€13k▼
Income taxes67/77€548€540▼
Profit (loss) for the period9904€53k€13k▼
Profit (loss) for the period to be appropriated9905€53k€13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€122k€113k▼
Profit (loss) brought forward from the previous period14P€69k€100k▲
Transfer from equity791/2€11k-
Profit to be distributed694/7€33k-
Return on contributions (dividend)694€33k-
Social balance
Average headcount (FTE)90871.61.6=
The notes to these accounts (12 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
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €53k ▲9.7%
Operating result €65k, net result €53k, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €100kEq €113k ▲75.5%
3 profitable years in a row build equity to €113k.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
28-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-103k ▼687%
Net result drops to €-103k, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 6 days late
2018
05-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 36 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 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, Walhain · 3 establishment units since 2012
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.
Rue de Libersart(TSL) 331457 WalhainGround area
2,309 m²
Building footprint
252 m²
Volume, LiDAR
2,103 m³
3 parcels, Wallonia · tallest building 13.9 m, ±4 floors. Linked by address, not a title deed.
3 establishment units
ND TRAVEL
since 20122.211.649.389
ND TRAVEL
since 20122.285.385.326
ND Travel
since 20122.324.416.740
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25104A0168/00D000 | Wallonia | 2,021 m² | 1 · 146 m² | 8.3 m · 2 fl. |
| 55010C0161/00D000 | Wallonia | 189 m² | 1 · 39 m² | 12.6 m · 4 fl. |
| 25112M0830/00F000 | Wallonia | 98 m² | 1 · 66 m² | 13.9 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
GO SOUTH TRAVEL
BE 0475.544.874
Schilde · Eq €145,753
E.L.S.
BE 0465.693.535
Izegem · Eq €145,820
Golivia
BE 0835.859.985
Brussel · Eq €145,853
Tours 33
BE 0452.112.446
Brussel · Eq €145,926
TRAMONTANA
BE 0457.216.527
Waregem · Eq €146,086
Of 1,437 companies in sector 79110 we hold annual accounts for 880. 756 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
Founded26-07-2012
Fiscal year end31-12
Activities, NACEBEL 2025
79110Travel agency activities
79120Travel agency, tour operator and other reservation service and related activities
93299Other amusement and recreation activities
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.