Equity
Equity fell by 79% in 8 years.
Equity fell by 79% in 8 years.
The accounts state no turnover.
Of this, €359,003 falls due within a year.
Between 2022 and 2025, 44% of the full-time equivalents disappeared.
Four of the last ten came late. The 2021 accounts came latest: 88 days after the end of the period.
Lower solvency than 86% of companies in education. Sector median 52.9% · 585 companies.
The dashed line is the sector median: 0.1% across 3,826 companies (NACE 85, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 85, micro). It does better than 19% of them on solvency, 14% on liquidity, 25% on profitability and 94% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 1,375 companies had the same profile as 2LEARN has now. Each dot stands for 4 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of 2LEARN itself: 0.6% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,375 companies, not a prediction for 2LEARN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 1.63 (1.13 in 2024), above the usual 1.5. Short-term debt is 56.6% and cash 5.7% of total assets. However, 94.7% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 8 days after the deadline. In the sector (NACE 85), the median for financial year 2024 was 16 days before the deadline, and 32% of those companies filed late.
Shares in 1 company, VETERINARIUS
Board & ownership| Company | ||||
|---|---|---|---|---|
| 2LEARN Fernelmont | €634,100 | €295,784 | 5.3% | 4.7 |
| EUROPEAN CENTRE FOR CLINICAL RESEARCH TRAINING Brussels | €562,978 | €423,603 | 65.1% | 5.8 |
| NOA TRAININGS Turnhout | €462,880 | €397,901 | 31.0% | 4.1 |
| HAPPY MONDAYS Leuven | €531,051 | €415,546 | 17.4% | 5.1 |
| Institut de Formation Continue, Sciences et Médecine Brussels | €648,914 | €482,991 | 72.2% | 5 |
| TRANSPORT ACADEMY Antwerp | €793,353 | €592,330 | 42.1% | 5.3 |
| POLE FORMATION EMPLOI POUR LE TRANSPORT ET LA LOGISTIQUE ET LE PORT DE BRUXELLES Forest | €926,551 | €493,958 | 45.9% | 5.8 |
These companies have the same main activity as 2LEARN: vocational training (NACE 85592). They are comparable in size and age: total assets between €463,000 and €927,000, founded between 2003 and 2013.
2LEARN has existed since 2009. The gross margin grew from €15,872 in 2010 to €295,784 in 2025 and staff from 1.6 to 4.7 full-time equivalents.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €440,000. Estimated: probably between €320,000 and €710,000.
Higher than 14% of 585 companies in 2025.
Higher than 30% of 579 companies in 2025.
Higher than 66% of 582 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: middle half · Staff: middle half
Staff costs divided by the average number of full-time equivalents.
In 2025, 10 people joined and 14 left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||
20/58 |
634,100 | 734,250 | 928,093 | 859,935 | 1.1m | 889,528 | 878,321 | 679,483 | 705,929 | 544,753 | 519,937 | 289,873 | 191,625 | 143,001 | 166,701 | 139,799 | |
20 |
- | - | - | - | - | - | - | 214 | 775 | 1,335 | 58,228 | - | - | 266 | 584 | 903 | |
21/28 |
50,375 | 79,391 | 269,360 | 342,096 | 369,446 | 398,822 | 353,256 | 364,001 | 313,830 | 244,420 | 253,311 | 91,716 | 52,464 | 39,554 | 36,696 | 27,414 | |
21 |
35,777 | 65,291 | 119,122 | 174,648 | 208,027 | 241,597 | 305,632 | 321,822 | 257,487 | 212,482 | 155,245 | 77,922 | 35,685 | 19,985 | 16,321 | 4,250 | |
22/27 |
7,400 | 6,902 | 11,777 | 23,437 | 20,390 | 22,235 | 40,079 | 34,635 | 48,800 | 24,393 | 33,941 | 11,200 | 14,947 | 18,970 | 19,611 | 22,081 | |
23 |
855 | 1,083 | - | - | - | - | - | 195 | 403 | 612 | 897 | 211 | 478 | 1,259 | 1,077 | 1,457 | |
24 |
1,300 | 5,819 | 11,777 | 23,437 | 20,390 | 22,235 | 40,079 | 34,441 | 48,397 | 23,781 | 33,044 | 10,989 | 14,468 | 17,711 | 18,534 | 20,624 | |
27 |
5,245 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
28 |
7,198 | 7,198 | 138,462 | 144,012 | 141,029 | 134,990 | 7,544 | 7,544 | 7,542 | 7,546 | 5,897 | 2,594 | 1,833 | 333 | 180 | 180 | |
29/58 |
583,726 | 654,859 | 658,733 | 517,839 | 711,686 | 490,706 | 525,065 | 315,268 | 391,325 | 298,998 | 266,626 | 198,157 | 139,161 | 103,447 | 130,005 | 112,385 | |
40/41 |
519,712 | 573,827 | 644,852 | 458,547 | 568,382 | 454,965 | 456,354 | 206,125 | 311,566 | 249,014 | 209,681 | 146,288 | 106,199 | 70,078 | 90,811 | 38,959 | |
40 |
519,712 | 571,055 | 641,297 | 455,408 | 565,243 | 450,708 | 451,435 | 197,954 | 304,770 | 238,451 | 180,994 | 146,288 | 105,362 | 66,925 | 84,683 | 34,288 | |
41 |
- | 2,773 | 3,556 | 3,139 | 3,139 | 4,257 | 4,919 | 8,171 | 6,796 | 10,562 | 28,687 | - | 836 | 3,153 | 6,128 | 4,671 | |
54/58 |
36,125 | 75,723 | 10,997 | 56,165 | 136,843 | 21,236 | 48,223 | 69,176 | 46,203 | 35,366 | 35,344 | 46,512 | 31,579 | 26,417 | 36,363 | 69,573 | |
490/1 |
27,889 | 5,308 | 2,884 | 3,128 | 6,461 | 14,506 | 20,489 | 39,967 | 33,556 | 14,618 | 21,600 | 5,356 | 1,384 | 6,952 | 2,831 | 3,853 | |
| Balance sheet: equity and liabilities | |||||||||||||||||
10/49 |
634,100 | 734,250 | 928,093 | 859,935 | 1.1m | 889,528 | 878,321 | 679,483 | 705,929 | 544,753 | 519,937 | 289,873 | 191,625 | 143,001 | 166,701 | 139,799 | |
10/15 |
33,530 | 12,910 | 7,093 | 63,433 | 117,498 | 97,089 | 87,413 | 87,350 | 163,447 | 139,881 | 84,101 | 100,877 | 81,830 | 74,473 | 74,847 | 55,390 | |
10/11 |
205,936 | 205,936 | 205,936 | 205,936 | 143,500 | 143,500 | 143,500 | 143,500 | 143,500 | 143,500 | 143,500 | 103,500 | 103,500 | 103,500 | 103,500 | 103,500 | |
10 |
205,936 | 205,936 | 205,936 | 205,936 | 143,500 | - | - | - | - | - | - | - | - | - | - | - | |
100 |
205,936 | 205,936 | 205,936 | 205,936 | 143,500 | 143,500 | 143,500 | 143,500 | 143,500 | 143,500 | 143,500 | 103,500 | 103,500 | 103,500 | 103,500 | 103,500 | |
13 |
1,105 | 1,105 | 1,105 | 1,105 | 1,105 | 1,105 | 1,105 | 1,105 | 1,105 | - | - | - | - | - | - | - | |
130/1 |
1,105 | 1,105 | 1,105 | 1,105 | 1,105 | 1,105 | - | - | - | - | - | - | - | - | - | - | |
130 |
1,105 | 1,105 | 1,105 | 1,105 | 1,105 | 1,105 | 1,105 | 1,105 | 1,105 | - | - | - | - | - | - | - | |
14 |
-173,511 | -194,131 | -199,948 | -143,608 | -27,107 | -47,516 | -57,192 | -57,255 | 18,842 | -3,619 | -59,399 | -2,624 | -21,670 | -29,027 | -28,653 | -48,110 | |
17/49 |
600,571 | 721,340 | 921,000 | 796,503 | 963,633 | 792,439 | 790,909 | 592,133 | 542,482 | 404,872 | 435,836 | 188,996 | 109,795 | 68,528 | 91,854 | 84,409 | |
17 |
236,658 | 140,689 | 162,740 | 249,020 | 335,935 | 436,073 | 355,651 | 296,888 | 201,913 | 138,610 | 25,968 | 25,443 | 304 | 5,773 | 9,418 | 13,064 | |
170/4 |
236,658 | 140,689 | 162,740 | 249,020 | 335,935 | 436,073 | 355,651 | 296,888 | 201,913 | 138,610 | 25,968 | 25,443 | 304 | 5,773 | 9,418 | 13,064 | |
42/48 |
359,003 | 578,901 | 758,261 | 539,747 | 572,472 | 297,932 | 374,859 | 242,607 | 339,119 | 266,079 | 408,362 | 163,554 | 109,454 | 62,755 | 82,436 | 71,345 | |
42 |
83,968 | 126,344 | 130,598 | 92,332 | 150,139 | 70,187 | 72,736 | 60,619 | 44,445 | 32,073 | 19,928 | 13,952 | 3,646 | 3,646 | 3,646 | 4,406 | |
44 |
153,099 | 327,556 | 495,548 | 368,598 | 308,768 | 142,707 | 217,927 | 63,447 | 157,545 | 94,280 | 264,505 | 104,961 | 81,423 | 47,244 | 66,359 | 55,572 | |
440/4 |
153,099 | 327,556 | 495,548 | 368,598 | 308,768 | 142,707 | 217,927 | 63,447 | 157,545 | 94,280 | 264,505 | 104,961 | 81,423 | 47,244 | 66,359 | 55,572 | |
45 |
108,673 | 114,273 | 120,993 | 67,589 | 92,639 | 65,888 | 64,654 | 92,477 | 109,469 | 114,254 | 98,531 | 43,953 | 24,385 | 10,383 | 10,949 | 9,761 | |
450/3 |
74,814 | 86,089 | 61,816 | 24,546 | 39,085 | 48,295 | 40,124 | 52,030 | 50,918 | 62,461 | 39,027 | 18,311 | 13,280 | 6,521 | 1,912 | 365 | |
454/9 |
33,859 | 28,184 | 59,177 | 43,043 | 53,554 | 17,593 | 24,530 | 40,447 | 58,551 | 51,794 | 59,504 | 25,641 | 11,105 | 3,862 | 9,037 | 9,396 | |
47/48 |
13,264 | 10,727 | 11,122 | 11,228 | 20,926 | 19,150 | 19,542 | 26,065 | 27,660 | 25,472 | 25,398 | 688 | - | 1,482 | 1,482 | 1,606 | |
492/3 |
4,910 | 1,750 | - | 7,737 | 55,226 | 58,433 | 60,398 | 52,638 | 1,450 | 182 | 1,506 | - | 38 | - | - | - | |
| Income statement | |||||||||||||||||
76A |
- | - | - | 25,000 | 4,628 | - | 413 | - | - | - | - | - | - | - | - | - | |
9900 |
295,784 | 200,244 | 303,800 | 296,686 | 393,377 | 317,051 | 359,882 | 225,064 | 398,253 | 368,601 | 227,556 | 201,666 | 114,073 | 96,808 | 111,736 | 15,872 | |
62 |
183,126 | 179,248 | 249,981 | 323,078 | 256,890 | 197,444 | 235,033 | 190,756 | 214,936 | 199,086 | 196,460 | 134,459 | 37,766 | 73,640 | 74,473 | 47,478 | |
630 |
34,261 | 59,846 | 67,186 | 68,949 | 72,765 | 86,001 | 100,377 | 101,051 | 111,483 | 92,425 | 80,703 | 43,394 | 13,337 | 23,112 | 16,277 | 13,050 | |
631/4 |
- | - | 23,105 | - | - | - | - | - | - | - | - | - | -279 | - | - | - | |
640/8 |
1,358 | 6,313 | 1,952 | 1,533 | 2,019 | 1,322 | 1,254 | 1,114 | 9,889 | 1,709 | 808 | 1,561 | 488 | 281 | 77 | 465 | |
66A |
78,076 | - | - | 180 | 10,504 | - | 1,226 | - | - | - | 71 | - | - | - | - | 2,094 | |
9901 |
-1,037 | -45,163 | -38,424 | -97,054 | 51,198 | 32,285 | 21,992 | -67,857 | 61,945 | 75,380 | -50,415 | 22,252 | 62,762 | -225 | 20,909 | -45,121 | |
75/76B |
50,457 | 70,188 | 803 | 21 | 49 | 10 | 532 | 10,440 | 2,390 | 182 | 206 | 1,579 | 2,064 | 1,229 | 135 | 157 | |
75 |
101 | 1,451 | 803 | 21 | 49 | 10 | 532 | 10,440 | 2,390 | 182 | 206 | 1,579 | 2,064 | 1,229 | 135 | 157 | |
76B |
50,356 | 68,737 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
28,800 | 18,855 | 18,719 | 19,468 | 30,444 | 22,405 | 22,461 | 19,219 | 23,052 | 14,548 | 6,445 | 2,781 | 351 | 1,378 | 1,587 | 1,052 | |
65 |
17,346 | 18,855 | 18,719 | 19,468 | 30,444 | 22,405 | 22,461 | 19,219 | 23,052 | 14,548 | 6,445 | 2,781 | 351 | 1,378 | 1,587 | 1,052 | |
66B |
11,454 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
20,621 | 6,170 | -56,340 | -116,501 | 20,804 | 9,889 | 63 | -76,636 | 41,283 | 61,013 | -56,727 | 21,051 | 64,474 | -374 | 19,457 | -48,110 | |
67/77 |
1 | 353 | 0 | 0 | 394 | 213 | - | -539 | 15,565 | 5,232 | 49 | 2,004 | - | - | - | - | |
9904 |
20,619 | 5,817 | -56,340 | -116,502 | 20,409 | 9,677 | 63 | -76,097 | 25,718 | 55,781 | -56,776 | 19,047 | 64,474 | -374 | 19,457 | -48,110 | |
9905 |
20,619 | 5,817 | -56,340 | -116,502 | 20,409 | 9,677 | 63 | -76,097 | 25,718 | 55,781 | -56,776 | 19,047 | 64,474 | -374 | 19,457 | -48,110 | |
| Appropriation of the result | |||||||||||||||||
9906 |
-173,511 | -194,131 | -199,948 | -143,608 | -27,107 | -47,516 | -57,192 | -57,255 | 22,099 | -3,619 | -59,399 | -2,624 | -21,670 | -29,027 | -28,653 | -48,110 | |
14P |
-194,131 | -199,948 | -143,608 | -27,107 | -47,516 | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | 1,105 | - | - | - | - | - | - | - | |
6920 |
- | - | - | - | - | - | - | - | 1,105 | - | - | - | - | - | - | - | |
694/7 |
- | - | - | - | - | - | - | - | 2,153 | - | - | - | - | - | - | - | |
694 |
- | - | - | - | - | - | - | - | 2,153 | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||
9087 |
4.7 | 4.7 | 7.4 | 8.4 | 7.4 | 6.6 | 7.6 | 8.3 | 6.9 | 6.8 | 7 | 3.3 | 2.4 | 2.3 | 2.2 | 1.6 | |
Hours worked1013 |
5,150 | 5,297 | 8,010 | 12,272 | 10,482 | 7,194 | 9,652 | 7,218 | 8,144 | 7,435 | 8,321 | 5,545 | 1,490 | 3,139 | 3,744 | 2,899 | |
| Document | |||||||||||||||||
The notes to these accounts have 13 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 04-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 04-06-2026 | 2026-00137958 | |
| 31-12-2024 | full format | 18-06-2025 | 2025-00149878 | |
| 31-12-2023 | full format | 04-07-2024 | 2024-00216481 | |
| 31-12-2022 | full format | 29-08-2023 | 2023-00365518 | |
| 31-12-2021 | full format | 27-10-2022 | 2022-20481015 | |
| 31-12-2020 | full format | 08-07-2021 | 2021-34300152 | |
| 31-12-2019 | full format | 26-10-2020 | 2020-63200057 | |
| 31-12-2018 | full format | 30-08-2019 | 2019-59800385 | |
| 31-12-2017 | full format | 30-05-2018 | 2018-15300088 | |
| 31-12-2016 | full format | 30-06-2017 | 2017-25400532 | |
| 31-12-2015 | full format | 01-06-2016 | 2016-14300580 | |
| 31-12-2014 | full format | 18-06-2015 | 2015-19700409 | |
| 31-12-2013 | full format | 06-05-2014 | 2014-11500073 | |
| 30-06-2013 | full format | 10-12-2013 | 2013-68000517 | |
| 30-06-2012 | full format | 31-01-2013 | 2013-02300290 | |
| 30-06-2011 | full format | 17-12-2011 | 2011-63900572 | |
| 30-06-2010 | full format | 02-12-2010 | 2010-62300122 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 33,225 | 14,683 | 28,762 | -28,105 | 123,964 | 118,285 | 122,368 | 33,194 | 173,429 | 167,805 | 30,288 | 65,646 | 76,098 | 22,887 | 37,186 | -32,071 | ||
| 54,881 | 65,663 | 10,846 | -47,553 | 93,174 | 95,677 | 100,439 | 24,954 | 137,201 | 148,206 | 23,927 | 62,441 | 77,811 | 22,738 | 35,734 | -35,060 | ||
| 5,245 | 1,140 | -5,550 | 41,605 | 45,626 | 136,850 | 89,418 | 150,662 | 180,336 | 84,014 | 177,369 | 82,646 | 20,818 | 25,970 | 25,558 | 49,134 | ||
| -39,598 | 64,726 | -45,167 | -80,678 | 115,607 | -26,987 | -20,953 | 22,973 | 10,837 | 22 | -11,168 | 14,933 | 5,162 | -9,946 | -33,210 | - | ||
| 224,723 | 75,958 | -99,528 | -21,907 | 139,214 | 192,774 | 150,206 | 72,661 | 52,206 | 32,919 | -141,736 | 34,603 | 29,707 | 40,692 | 47,569 | 41,040 | ||
| 5.3% | 1.8% | 0.8% | 7.4% | 10.9% | 10.9% | 10.0% | 12.9% | 23.2% | 25.7% | 16.2% | 34.8% | 42.7% | 52.1% | 44.9% | 39.6% | ||
| 1.63 | 1.13 | 0.87 | 0.96 | 1.24 | 1.65 | 1.40 | 1.30 | 1.15 | 1.12 | 0.65 | 1.21 | 1.27 | 1.65 | 1.58 | 1.58 | ||
| 17.91 | 55.87 | - | 12.56 | 8.20 | 8.16 | 9.05 | 6.78 | 3.32 | 2.89 | 5.18 | 1.87 | 1.34 | 0.92 | 1.23 | 1.52 | ||
| 61.5% | 45.1% | -794.3% | -183.7% | 17.4% | 10.0% | 0.1% | -87.1% | 15.7% | 39.9% | -67.5% | 18.9% | 78.8% | -0.5% | 26.0% | -86.9% | ||
| 3.3% | 0.8% | -6.1% | -13.5% | 1.9% | 1.1% | 0.0% | -11.2% | 3.6% | 10.2% | -10.9% | 6.6% | 33.6% | -0.3% | 11.7% | -34.4% | ||
| 1.92 | 0.78 | 1.54 | -1.44 | 4.07 | - | - | - | - | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 5 | 9 | 18 | 14 | 18 |
| full-time | 2 | 2 | 5 | 5 | 5 |
| part-time | 3 | 7 | 13 | 9 | 13 |
| in full-time equivalents | 3.9 | - | 8.9 | 7.8 | 8.5 |
| 4.7 | 4.7 | 7.4 | 8.4 | 7.4 | |
| On a permanent contract | 3 | 3 | 5 | 7 | 8 |
| Joined | 10 | 18 | 10 | 9 | 19 |
| Left | 14 | 27 | 6 | 13 | 11 |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €5,245 | €1,140 | - | €14,004 | €10,825 |
| Intangible fixed assets | - | - | - | €24,613 | €26,526 |
| Financial fixed assets | - | - | - | €2,988 | €8,275 |
| €34,261 | €59,846 | €67,186 | €68,949 | €72,765 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €1,037, smaller than the loss of €45,163 in 2024.
Debt's share of the balance-sheet total falls from 98.2% to 94.7%. Equity is higher and debt is lower.
Source: lists of holdings in the owners' accounts
Source: list of holdings in its own 2023 accounts. The amounts are in that list and come from the holdings' accounts at 31-12-2022, in their own currency.
| PhiCroBe via NAMUR INVEST PREFACE, at 2LEARN, last mentioned in 2021 · Director · deed of 30-12-2021 founded in 2018 · negative equity (2025) |
total assets €48,705 (2025) |
| TRAQUA via NAMUR INVEST PREFACE, at 2LEARN, last mentioned in 2021 · Director · deed of 28-05-2021 founded in 2021 · negative equity (2025) |
total assets €44,616 (2025) |
| Stemme Belgium via NAMUR INVEST PREFACE, at 2LEARN, last mentioned in 2021 · Director · deed of 20-12-2024 founded in 2018 |
14 FTE (2025) |
| UNAMUR VENTURE via NAMUR INVEST PREFACE, at 2LEARN, last mentioned in 2021 · Director · deed of 29-11-2023 founded in 2014 |
total assets €530,964 (2025) |
| Name | 2021 | 2022 | 2023 |
|---|---|---|---|
| VETERINARIUSFR | 60% | ||
Source: list of holdings in its own accounts
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Grand-Route, Hing. 63 registered office 5380 Fernelmont | 09-05-2009 | 2.178.049.282 |
If something looks wrong or is missing, please tell us.