SO TRAVEL
ActiveSummary
The computed 12-month bankruptcy probability of SO TRAVEL is 2.3% (moderate). The 2025 annual accounts show equity of €227k and a net result of €63k. Equity is growing by ~46.7% per year across the filed fiscal years. Its solvency ranks better than 30% of 254 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▼-25
Solvency44▼-33
Growth78=
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity tight (current ratio 1.33 against 1.98 in 2024; short-term debt: 73.5% and cash: 41.9% of total assets), and 81% of the assets are financed with debt.
Credit advice 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
Sector 79
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
19%
Return on assets
5.3%
Age of the figures
9 mo
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 20-07-2026, 11 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
11 d early
2024
25 d late
2023
23 d late
2022
23 d late
2021
29 d late
2020
27 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
Equity
€227k▲ 1.8%
2024 · €223k
2020: €46k
2021: €69k
2022: €283k
2023: €149k
2024: €223k
2020 → 2025
Total assets
€1.19M▲ 178%
2024 · €429k
2020: €61k
2021: €101k
2022: €388k
2023: €319k
2024: €429k
2020 → 2025
Net result
€63k▼ 59.9%
2024 · €157k
2020: €27k
2021: €23k
2022: €214k
2023: €139k
2024: €157k
2020 → 2025
Working capital
€291k▲ 44.9%
2024 · €201k
2020: €43k
2021: €66k
2022: €277k
2023: €137k
2024: €201k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€69k-€283k▲ 310%€149k▼ 47.5%€223k▲ 49.9%€227k▲ 1.8%
Operating result€32k-€288k▲ 796%€189k▼ 34.2%€231k▲ 22.1%€93k▼ 59.7%
Net result€23k-€214k▲ 817%€139k▼ 35.3%€157k▲ 13.3%€63k▼ 59.9%
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 falls in 2025; 2025 is 60% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.19M
Fixed assets
€24k ▲ 6.6%
Current assets
€1.17M ▲ 187%
Equity and liabilities €1.19M
Equity
€227k ▲ 1.8%
Debt
€965k ▲ 368%
Debt's share of the balance-sheet total rises from 48.1% to 81.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€99k▼
2024 · €236k
Cash flow
€69k▼
2024 · €162k
Current ratio
1.33▼
2024 · 1.98
Debt to equity
4.25▲
2024 · 0.93
ROE
27.8%▼
2024 · 70.5%
ROA
5.3%▼
2024 · 36.6%
Interest coverage
8.50▼
2024 · 12.11
Debt ≤ 1 year
€877k▲
2024 · €205k
Income taxes
€19k▼
2024 · €55k
Staff costs
€145k▼
2024 · €169k
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 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€429k€1.19M▲
Fixed assets21/28€23k€24k▲
Tangible fixed assets22/27€20k€24k▲
Furniture and vehicles24€4k€3k▼
Other tangible fixed assets26€16k€21k▲
Financial fixed assets28€3k€730▼
Current assets29/58€406k€1.17M▲
Amounts receivable within one year40/41€78k€297k▲
Trade receivables40€77k€275k▲
Other amounts receivable41€612€21k▲
Cash at bank and in hand54/58€265k€500k▲
Deferred charges and accrued income490/1€63k€372k▲
Equity and liabilities
Total equity and liabilities10/49€429k€1.19M▲
Equity10/15€223k€227k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€204k€208k▲
Amounts payable17/49€206k€965k▲
Amounts payable within one year42/48€205k€877k▲
Trade debts44€15k€158k▲
Suppliers440/4€15k€158k▲
Advances received on contracts in progress46-€624k
Taxes, remuneration and social security45€107k€36k▼
Taxes450/3€82k€22k▼
Remuneration and social security454/9€25k€14k▼
Other amounts payable47/48€84k€60k▼
Accrued charges and deferred income492/3€798€88k▲
Income statement
Code20242025
Goods, raw materials, services and sundry goods60/61€179k€283k▲
Remuneration, social security and pensions62€169k€145k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€6k▲
Other operating charges640/8€281€2k▲
Non-recurring operating charges66A-€4k
Gross operating margin9900€405k€249k▼
Operating profit (loss)9901€231k€93k▼
Financial income75/76B€10€231▲
Recurring financial income75€10€231▲
Financial charges65/66B€19k€12k▼
Recurring financial charges65€19k€12k▼
Profit (loss) for the period before taxes9903€212k€82k▼
Income taxes67/77€55k€19k▼
Profit (loss) for the period9904€157k€63k▼
Profit (loss) for the period to be appropriated9905€157k€63k▼
Appropriation of the result
Profit (loss) to be appropriated9906€287k€267k▼
Profit (loss) brought forward from the previous period14P€130k€204k▲
Profit to be distributed694/7€83k€59k▼
Return on contributions (dividend)694€83k€59k▼
Social balance
Average headcount (FTE)9087-2.5
The notes to these accounts (9 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
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Equity above €200kEq €223k ▲49.9%
5 profitable years in a row build equity to €223k.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
31-12
Financial
Highest result since 2020net €214k ▲817%
Operating result €288k, net result €214k, both a record.
31-12
Financial
Equity above €200kEq €283k ▲310%
3 profitable years in a row build equity to €283k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Weakest financial yearnet €23k ▼14.1%
Net result drops to €23k, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Waterloo · 1 establishment unit since 2019
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 Libert (François) 141410 WaterlooGround area
7,180 m²
Building footprint
1,308 m²
Volume, LiDAR
10,683 m³
Parcel 25763K0349/00A000, Wallonia · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
So Travel
since 20192.288.140.126
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763K0349/00A000 | Wallonia | 7,180 m² | 1 · 1,308 m² | 11.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via establishment units: 1
1 of 1 parcel 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
FILIP SPORT
BE 0442.427.985
Hoeilaart · Eq €227,532
O.K. TRAVEL
BE 0419.369.107
Blankenberge · Eq €226,188
VOYAGES MONTAINE - REIZEN MONTAINE
BE 0401.266.927
Mouscron · Eq €228,446
REISWINKEL - DIEST
BE 0425.369.150
Diest · Eq €228,576
RYTHME DU MONDE
BE 0893.882.615
Châtelet · Eq €225,033
Of 1,437 companies in sector 79110 we hold annual accounts for 880. 741 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
Founded03-04-2019
Fiscal year end31-12
Activities, NACEBEL 2025
79110Travel agency activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.