Result
The result rose in 2025 from €744,939 to €1.8m.
The result rose in 2025 from €744,939 to €1.8m.
The abbreviated format states no turnover.
Of this, €718,394 falls due within a year.
Green is investment, beige is depreciation.
Short-term debts rose from €279,832 to €718,394.
Higher net result than 95% of companies in creative and performing arts. Sector median €12,519 · 649 companies.
The dashed line is the sector median: 0.1% across 3,433 companies (NACE 90, micro).
Fewer than 1 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 90, micro). It does better than 36% of them on solvency, 96% on liquidity, 78% on profitability and 96% on growth.
The bankruptcy probability was computed on 08-11-2026 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 very low class on 30-06-2025, 0.1% 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, 7,976 companies had the same profile as Always Keep Learning has now. Each dot stands for 20 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Always Keep Learning itself is lower: < 0.1% within 12 months. It rests on far more data about Always Keep Learning than the profile alone.
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 7,976 companies, not a prediction for Always Keep Learning. 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 12.43 (7.58 in 2024), above the usual 1.5. Short-term debt is 8% and cash 94.4% of total assets. However, 71.1% 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 2 accounts on average 46 days before the deadline. In the sector (NACE 90), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Always Keep Learning Turnhout | €9.0m | €2.5m | 28.9% | 0.1 |
| The Phoebus Foundation Antwerp | €9.6m | €1.6m | 94.2% | 4.4 |
| Rinus Van de Velde Antwerp | €8.9m | €3.0m | 80.8% | 0 |
| SILENT JILL Orp-Jauche | €2.1m | €1.1m | 0.4% | 1 |
| PROSPEED COMPETITION Zonhoven | €4.6m | €1.3m | 52.0% | 5.2 |
| CELIDOR PROUVKENS CASTLE Molenbeek-Saint-Jean | €2.1m | €0.9m | 26.6% | - |
| Studio Mark Ronse | €4.2m | €0.5m | 58.9% | 1.2 |
These companies have the same main activity as Always Keep Learning: literary creation (NACE 90111). They are comparable in size and age: total assets between €2.1m and €9.6m, founded between 2009 and 2023.
Always Keep Learning has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.6m and a net result of €1.8m.
Its solvency ranks better than 38% of 646 sector peers (NACE 90, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €4.3m. Estimated: probably between €2.9m and €7.0m.
Higher than 38% of 646 companies in 2025.
Higher than 95% of 634 companies in 2025.
Higher than 84% of 639 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: bottom quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
9.0m | 2.1m | |
21/28 |
22,927 | - | |
21 |
22,927 | - | |
29/58 |
8.9m | 2.1m | |
40/41 |
20,552 | 92,037 | |
40 |
20,462 | 86,689 | |
41 |
90 | 5,348 | |
50/53 |
456,251 | 458,817 | |
54/58 |
8.5m | 1.6m | |
| Balance sheet: equity and liabilities | |||
10/49 |
9.0m | 2.1m | |
10/15 |
2.6m | 824,883 | |
10/11 |
1,501 | 1,501 | |
13 |
526,250 | 210,500 | |
132 |
526,250 | 210,500 | |
14 |
2.1m | 612,882 | |
17/49 |
6.4m | 1.3m | |
42/48 |
718,394 | 279,832 | |
44 |
821 | 12,530 | |
440/4 |
821 | 12,530 | |
45 |
713,232 | 267,302 | |
450/3 |
711,604 | 267,302 | |
454/9 |
1,628 | - | |
47/48 |
4,341 | - | |
492/3 |
5.6m | 1.0m | |
| Income statement | |||
9900 |
2.5m | 1.0m | |
62 |
2,035 | - | |
630 |
76 | - | |
640/8 |
866 | 505 | |
9901 |
2.5m | 1.0m | |
75/76B |
136,594 | 42,409 | |
75 |
136,594 | 42,409 | |
65/66B |
281,297 | 62,465 | |
65 |
281,297 | 62,464 | |
66B |
- | 1 | |
9903 |
2.3m | 995,050 | |
67/77 |
579,610 | 250,111 | |
9904 |
1.8m | 744,939 | |
689 |
315,750 | 210,500 | |
9905 |
1.4m | 534,439 | |
| Appropriation of the result | |||
9906 |
2.1m | 612,882 | |
14P |
612,882 | 78,443 | |
| Social balance sheet | |||
9087 |
0.1 | - | |
| Document | |||
The notes to these accounts have 5 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 29-01-2026.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 2.5m | - | ||
| 1.8m | - | ||
| 23,002 | - | ||
| 6.9m | - | ||
| 8.2m | 1.8m | ||
| 28.9% | 38.9% | ||
| 12.43 | 7.58 | ||
| 2.46 | 1.57 | ||
| 68.1% | 90.3% | ||
| 19.7% | 35.1% | ||
| 8.84 | - |
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 | 2025 | 2024 |
|---|---|---|
| Intangible fixed assets | €23,002 | - |
| €76 | - |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 145% higher than in 2024.
Debt's share of the balance-sheet total rises from 61.1% to 71.1%. Equity and debt are higher.
Always Keep Learning has no parent and no holdings in its annual accounts. Slegers Pieter is the only director. Always Keep Learning shares no director with another company.
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
On 22 August 2023, Always Keep Learning was incorporated by two natural persons, with a starting capital of €1,500.12 The name was changed to Always Keep Learning in 2024.3 In 2025 the registered office moved to Turnhout.4 Slegers Pieter is sole director of the company, appointed by deed of 10-07-2024.3
| Establishment | Since | Unit number |
|---|---|---|
| Compounding Quality registered office Kapelweg 101, 2300 Turnhout | 22-08-2023 | 2.348.770.272 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 13452M0410/00F000 | 968 m² | 1 · 161 m² | 9.1 m · 2 |
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