Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 9.8 to 6.8.
Financials
Financial year 2025
DEGEN TRAVEL from Verviers, company number BE0462171841, closed financial year 2025 with a result of € 14,125 after tax. For that financial year DEGEN TRAVEL recorded a gross margin of € 793,689 and equity of € 607,467. Compared with financial year 2024, the result moved from € 296,778 to € 14,125. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 29, 2026.
€ 607,467
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 14,125
▼ 95% vs 2024
Profit after tax over the fiscal year.
€ 564,276
▼ 5% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 547,237.
People and assets in 2025
6.8
▼ 1.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 363,244
▼ 14% vs 2024
€ 53,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 9,502
▲ 113% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 500,000
Loans from banks and other lenders, long and short.
€ 230,867
▼ 32% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 99,122
▼ 34% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 499,428 | € 1,114,952 | € 847,025 | € 793,689 | ▼ 6% |
| Profit after taxes | € 70,098 | € 511,765 | € 296,778 | € 14,125 | ▼ 95% |
| Equity | € 134,799 | € 471,564 | € 593,342 | € 607,467 | ▲ 2% |
| Total debts | € 2,136,503 | € 1,573,203 | € 1,575,515 | € 2,877,647 | ▲ 83% |
| Cash | € 820,913 | € 838,910 | € 595,634 | € 564,276 | ▼ 5% |
| Retained profit | € 74,568 | € 411,334 | € 533,112 | € 547,237 | ▲ 3% |
| Dividend | € 0 | € 175,000 | € 175,000 | € 0 | ▼ 100% |
| Bank debt | € 245,744 | € 195,065 | € 0 | € 500,000 | |
| Balance sheet total | € 2,271,302 | € 2,044,767 | € 2,168,857 | € 3,485,114 | ▲ 61% |
| Employees (FTE) | 9.5 | 9.8 | 8.6 | 6.8 | ▼ 1.8 |
Key figures of DEGEN TRAVEL, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to DEGEN TRAVEL?
What happened at DEGEN TRAVEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 14,125 (▼ 95% vs 2024). filed late Source: NBB ↗
- ADN and Partners Scomm became a director. NBB
- New establishment in Liège. KBO
- New establishment in Spa. KBO
- Trade Invest became a director. NBB
- New establishment in Verviers. KBO
- Start of the company according to the CBE. KBO
- Carine Manguette became a director. NBB
In short
From € 70,098 profit in 2022 to € 14,125 profit in 2025.
Paid € 136,754 in corporate taxes since 2022.
Best year ever: 2023, with € 511,765 profit.
On average € 116,700 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of TRADE INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
DEGEN TRAVELBehind DEGEN TRAVEL are Trade Invest, ADN and Partners Scomm and Carine Manguette. The shares are held by TRADE INVEST (99.8%).
Directors
According to the 2025 annual accounts
Director · represented by Degen Alain
Also active at: FETTWEIS, SPA REVIVAL, DIMMO CONCEPT
since 2003
Director · represented by Arnaud Degen
Also active at: TRADE INVEST, FETTWEIS
since 2025
Carine Manguette
Director
since 1997
Shareholders
99.8%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Avenue de Spa 87
4802 Verviers
Place Verte 20
4900 Spa
Active since 11 June 2003
Boulevard d'Avroy 32
4000 Liège
Active since 1 January 2015
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0462.171.841
- VAT number
- BE 0462.171.841
- Registered office
- Avenue de Spa 87, 4802 Verviers
- Names & denominations
- DEGEN TRAVEL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 December 1997
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
Activiteiten van reisbureaus
Reisbureaus
Reisbegeleiders en gidsen, toeristische informatiediensten en dergelijke
Activiteiten van toeristische informatiediensten