Toerisme Limburg
ActiveSummary
The annual accounts of Toerisme Limburg for fiscal year 2024 show a net loss of 63% of the equity at the start of that year. The 2024 annual accounts show equity of €1.10M and a net result of €-1.85M. Equity is shrinking by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 35% of 749 sector peers (fiscal year 2024). The company has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-6
Solvency51▲+8
Growth31▼-11
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.41 against 1.23 in 2023; short-term debt: 70.7% and cash: 27.3% of total assets), and 74.5% 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
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
25.5%
Return on assets
-42.8%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-1.85M
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
36 d early
2022
41 d early
2021
38 d early
2020
37 d early
2019
35 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Turnover
€1.33M▲ 12.6%
2023 · €1.18M
2018: €1.44M
2019: €1.41M
2020: €1.05M
2021: €1.21M
2022: €1.58M
2023: €1.18M
2018 → 2024
EBIT margin
-137.7%▼ 33.3pp
2023 · -104.4%
2018: -52.9%
2019: 30.6%
2020: 171.8%
2021: 65.7%
2022: -96.5%
2023: -104.4%
2018 → 2024
Net result
€-1.85M▼ 56.2%
2023 · €-1.19M
2018: €-764k
2019: €429k
2020: €1.78M
2021: €808k
2022: €-1.54M
2023: €-1.19M
2018 → 2024
Working capital
€1.26M▼ 57.7%
2023 · €2.99M
2018: €2.77M
2019: €3.17M
2020: €5.99M
2021: €5.78M
2022: €4.22M
2023: €2.99M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€1.05M-€1.21M▲ 15.9%€1.58M▲ 30.4%€1.18M▼ 25.5%€1.33M▲ 12.6%
Equity€4.92M-€5.70M▲ 15.9%€4.14M▼ 27.3%€2.95M▼ 28.6%€1.10M▼ 62.7%
Operating result€1.80M-€796k▼ 55.7%€-1.52M€-1.23M▲ 19.4%€-1.83M▼ 48.5%
Net result€1.78M-€808k▼ 54.6%€-1.54M€-1.19M▲ 23.3%€-1.85M▼ 56.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.83M in 2024 against €1.23M in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.32M
Fixed assets
€6k ▼ 66.6%
Current assets
€4.32M ▼ 73.3%
Equity and liabilities €4.32M
Equity
€1.10M ▼ 62.7%
Debt
€3.22M ▼ 75.7%
Debt's share of the balance-sheet total falls from 81.8% to 74.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-1.81M▼
2023 · €-1.21M
Cash flow
€-1.84M▼
2023 · €-1.17M
Current ratio
1.41▲
2023 · 1.23
Quick ratio
1.10▲
2023 · 0.38
Debt to equity
2.92▼
2023 · 4.49
ROE
-168.0%▼
2023 · -40.1%
ROA
-42.8%▼
2023 · -7.3%
Interest coverage
-426.90▲
2023 · -797.01
Debt ≤ 1 year
€3.06M▼
2023 · €13.21M
Income taxes
€7k▼
2023 · €13k
Staff costs
€2.97M▲
2023 · €2.91M
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 · 62 lines
Balance sheet
Code20232024
Assets
Total assets20/58€16.21M€4.32M▼
Fixed assets21/28€18k€6k▼
Intangible fixed assets21€5k€0▼
Tangible fixed assets22/27€13k€6k▼
Furniture and vehicles24€13k€6k▼
Current assets29/58€16.20M€4.32M▼
Amounts receivable after more than one year29€131k€75k▼
Other amounts receivable291€131k€75k▼
Stocks and contracts in progress3€11.22M€942k▼
Contracts in progress37€11.22M€942k▼
Amounts receivable within one year40/41€502k€326k▼
Trade receivables40€145k€158k▲
Other amounts receivable41€357k€168k▼
Current investments50/53€2.37M€1.76M▼
Cash at bank and in hand54/58€1.93M€1.18M▼
Deferred charges and accrued income490/1€38k€33k▼
Equity and liabilities
Total equity and liabilities10/49€16.21M€4.32M▼
Equity10/15€2.95M€1.10M▼
Reserves13€2.22M€292k▼
Profit (loss) carried forward14€736k€810k▲
Amounts payable17/49€13.26M€3.22M▼
Amounts payable within one year42/48€13.21M€3.06M▼
Trade debts44€583k€717k▲
Suppliers440/4€583k€717k▲
Advances received on contracts in progress46€12.13M€1.80M▼
Taxes, remuneration and social security45€473k€492k▲
Taxes450/3€141k€91k▼
Remuneration and social security454/9€332k€401k▲
Accrued charges and deferred income492/3€51k€166k▲
Income statement
Code20232024
Operating income70/76A€7.25M€6.80M▼
Turnover70€1.18M€1.33M▲
Change in stocks of work in progress, finished goods and contracts in progress71€696k€-10.28M▼
Other operating income74€51k€44k▼
Operating charges60/66A€8.48M€8.62M▲
Goods for resale, raw materials and consumables60€2.25M€1.65M▼
Purchases600/8€2.25M€1.65M▼
Services and other goods61€3.11M€3.80M▲
Remuneration, social security and pensions62€2.91M€2.97M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€12k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k€366▼
Other operating charges640/8€198k€200k▲
Operating profit (loss)9901€-1.23M€-1.83M▼
Financial income75/76B€56k€2k▼
Recurring financial income75€55k€2k▼
Income from current assets751€55k-
Other financial income752/9€20€2k▲
Non-recurring financial income76B€1k-
Financial charges65/66B€-668€22k▲
Recurring financial charges65€-668€22k▲
Debt charges650€2k€4k▲
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€-30k-
Other financial charges652/9€27k€17k▼
Profit (loss) for the period before taxes9903€-1.17M€-1.85M▼
Income taxes67/77€13k€7k▼
Taxes670/3€13k€7k▼
Profit (loss) for the period9904€-1.19M€-1.85M▼
Profit (loss) for the period to be appropriated9905€-1.19M€-1.85M▼
Appropriation of the result
Profit (loss) to be appropriated9906€658k€-1.12M▼
Profit (loss) brought forward from the previous period14P€1.84M€736k▼
From contributions791€78k€1.96M▲
To contributions691-€36k
Social balance
Average headcount (FTE)908733.332.6▼
The notes to these accounts (37 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-1.85M
Net result drops to €-1.85M, the lowest in the series.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €5MEq €5.70M ▲15.9%
3 profitable years in a row build equity to €5.70M.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €1.78M ▲314%
Operating result €1.80M, net result €1.78M, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €429k
Net result €429k after one loss-making year.
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
01-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
07-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
29 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, Hasselt · 1 establishment unit since 2006
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.
Universiteitslaan 33500 HasseltGround area
5,360 m²
Building footprint
736 m²
Volume, LiDAR
17,821 m³
Parcel 71323C1139/00N000, Flanders · tallest building 29.0 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
Toerisme Limburg
since 20062.154.332.782
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71323C1139/00N000 | Flanders | 5,360 m² | 1 · 736 m² | 29.0 m · 8 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 to 2025 · 8 entries · 61,719 EUR awarded · 61,719 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 10,949 EUR | 10,949 EUR |
| 2024 | 2 | 15,415 EUR | 25,415 EUR |
| 2023 | 2 | 23,817 EUR | 13,817 EUR |
| 2022 | 1 | 11,538 EUR | 11,538 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Werkbaarheidscheque (stopgezet)
Individueel Maatwerk
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Legal Entity Identifier
875500FECMK8240UP952
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Of 7,006 companies in sector 96999 we hold annual accounts for 602. 226 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 formNon-profit association
Founded21-09-1979
Fiscal year end31-12
Abbreviation NL
P.V.T.L.
Activities, NACEBEL 2025
79901Tourist information services
96999Other personal services
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.