Art2Learn
ActiveSummary
The computed 12-month bankruptcy probability of Art2Learn is 1.8% (moderate). The 2025 annual accounts show equity of €8,868 and a net result of €151. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 61% of 18537 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability70=
Solvency71▼-21
Growth52=
Track record94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.62 against 2.01 in 2024; short-term debt: 53.6% and cash: 78% of total assets), but 53.6% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 08-07-2026, 23 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
23 d early
2024
20 d early
2023
16 d early
2022
17 d early
2021
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 15 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€8,868▲ 1.7%
2024 · €8,717
Total assets
€19,106▲ 45.9%
2024 · €13,096
Net result
€151▲ 7.1%
2024 · €141
Working capital
€6,319▲ 43.4%
2024 · €4,407
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€4,999-€3,512▼ 29.7%-€1,402€217€228▲ 5.1%
Net result€4,082-€2,952▼ 27.7%-€1,458€141€151▲ 7.1%
Equity€7,082-€10,034▲ 41.7%€8,575▼ 14.5%€8,717▲ 1.6%€8,868▲ 1.7%
Total assets€13,769-€16,041▲ 16.5%€14,707▼ 8.3%€13,096▼ 11.0%€19,106▲ 45.9%
Debt€6,686-€6,007▼ 10.2%€6,132▲ 2.1%€4,379▼ 28.6%€10,238▲ 134%
Working capital€2,741-€4,600▲ 67.8%€1,141▼ 75.2%€4,407▲ 286%€6,319▲ 43.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 5% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19,106
Fixed assets
€2,549 ▼ 35.1%
Current assets
€16,556 ▲ 88.4%
Equity and liabilities €19,106
Equity
€8,868 ▲ 1.7%
Debt
€10,238 ▲ 134%
Debt's share of the balance-sheet total rises from 33.4% to 53.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2,833▼
2024 · €3,858
Cash flow
€2,756▼
2024 · €3,782
Current ratio
1.62▼
2024 · 2.01
Quick ratio
1.54▼
2024 · 1.83
Debt to equity
1.15▲
2024 · 0.50
ROE
1.7%▲
2024 · 1.6%
ROA
0.8%▼
2024 · 1.1%
Interest coverage
36.72▼
2024 · 50.64
Debt ≤ 1 year
€10,238▲
2024 · €4,379
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,047 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
2.0%
went bankrupt
3.7%
stopped otherwise
94%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,047 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €539 | €1,774 | €3,015 | €3,641 | €2,605 | ▼ 28.4% |
| Other operating charges640/8 | - | €379 | €655 | €675 | €710 | ▲ 5.1% |
| Gross operating margin9900 | €5,537 | €5,665 | €2,268 | €4,533 | €3,543 | ▼ 21.8% |
| Operating profit (loss)9901 | €4,999 | €3,512 | -€1,402 | €217 | €228 | ▲ 5.1% |
| Financial income75/76B | €0 | €60 | €0 | €0 | €0 | ▼ 93.3% |
| Recurring financial income75 | €0 | €60 | €0 | €0 | €0 | ▼ 93.3% |
| Financial charges65/66B | €66 | €50 | €56 | €76 | €77 | ▲ 1.3% |
| Recurring financial charges65 | €66 | €50 | €56 | €76 | €77 | ▲ 1.3% |
| Profit (loss) for the period before taxes9903 | €4,932 | €3,522 | -€1,458 | €141 | €151 | ▲ 7.1% |
| Income taxes67/77 | €850 | €570 | €0 | - | - | - |
| Profit (loss) for the period9904 | €4,082 | €2,952 | -€1,458 | €141 | €151 | ▲ 7.1% |
| Profit (loss) for the period to be appropriated9905 | €4,082 | €2,952 | -€1,458 | €141 | €151 | ▲ 7.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13,769 | €16,041 | €14,707 | €13,096 | €19,106 | ▲ 45.9% |
| Formation expenses20 | €1,608 | €1,199 | €789 | €379 | €0 | ▼ 100% |
| Fixed assets21/28 | €2,733 | €4,310 | €7,162 | €3,931 | €2,549 | ▼ 35.1% |
| Tangible fixed assets22/27 | €2,733 | €4,310 | €7,162 | €3,931 | €2,549 | ▼ 35.1% |
| Plant, machinery and equipment23 | €2,340 | €3,806 | €4,968 | €2,716 | €1,569 | ▼ 42.3% |
| Furniture and vehicles24 | €393 | €504 | €2,194 | €1,214 | €981 | ▼ 19.2% |
| Current assets29/58 | €9,427 | €10,532 | €6,757 | €8,786 | €16,556 | ▲ 88.4% |
| Stocks and contracts in progress3 | €43 | €762 | €773 | €772 | €772 | = |
| Stocks30/36 | €43 | €762 | €773 | €772 | €772 | = |
| Amounts receivable within one year40/41 | €1,262 | €6,947 | €1,281 | €1,909 | €524 | ▼ 72.6% |
| Trade receivables40 | - | €6,650 | €1,251 | €1,909 | €524 | ▼ 72.6% |
| Other amounts receivable41 | €1,262 | €297 | €30 | €0 | - | - |
| Cash at bank and in hand54/58 | €7,956 | €2,289 | €4,403 | €4,897 | €14,894 | ▲ 204% |
| Deferred charges and accrued income490/1 | €167 | €535 | €300 | €1,208 | €366 | ▼ 69.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13,769 | €16,041 | €14,707 | €13,096 | €19,106 | ▲ 45.9% |
| Equity10/15 | €7,082 | €10,034 | €8,575 | €8,717 | €8,868 | ▲ 1.7% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €4,082 | €7,034 | €5,575 | €5,717 | €5,868 | ▲ 2.6% |
| Distributable reserves133 | €4,082 | €7,034 | €5,575 | €5,717 | €5,868 | ▲ 2.6% |
| Amounts payable17/49 | €6,686 | €6,007 | €6,132 | €4,379 | €10,238 | ▲ 134% |
| Amounts payable within one year42/48 | €6,686 | €5,932 | €5,616 | €4,379 | €10,238 | ▲ 134% |
| Trade debts44 | €1,355 | €0 | €35 | €39 | €521 | ▲ 1,232% |
| Suppliers440/4 | €1,355 | €0 | €35 | €39 | €521 | ▲ 1,232% |
| Taxes, remuneration and social security45 | €850 | €850 | €260 | €411 | €572 | ▲ 39.3% |
| Taxes450/3 | €850 | €850 | €260 | €411 | €572 | ▲ 39.3% |
| Other amounts payable47/48 | €4,481 | €5,082 | €5,321 | €3,929 | €9,145 | ▲ 133% |
| Accrued charges and deferred income492/3 | - | €75 | €516 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,082 | €2,952 | -€1,458 | €141 | €151 | ▲ 7.1% |
| + Depreciation and write-downs630 | €539 | €1,774 | €3,015 | €3,641 | €2,605 | ▼ 28.4% |
| Operating cash flow (approximation) | €4,621 | €4,726 | €1,556 | €3,782 | €2,756 | ▼ 27.1% |
| Investment in fixed assets (approximation) | - | -€3,351 | -€5,866 | -€410 | -€1,223 | ▼ 199% |
| Change in cash | - | -€5,666 | €2,113 | €494 | €9,998 | ▲ 1,922% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €141
Net result €141 after one loss-making year.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€1,458
Net result drops to -€1,458, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Merelbeke-Melle · 1 establishment unit since 2020
Ground area
657 m²
Building footprint
119 m²
Volume, LiDAR
608 m³
Parcel 44040B0249/00A002, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Art2Learn
since 20202.310.190.897
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44040B0249/00A002 | Flanders | 657 m² | 1 · 119 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 · 1 entry · 72 EUR awarded · 72 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 72 EUR | 72 EUR |
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Of 12,956 companies in sector 47120 we hold annual accounts for 2,192. 1,193 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-11-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
58110Book publishing
58120Publishing activities
58130Publishing activities
59113Video and film production, excluding cinema and television films
59202Motion picture, video and television programme production, sound recording and music publishing activities
60100Programming, broadcasting, news agency and other content distribution activities
62100Computer programming
73110Advertising agencies
74112Other professional, scientific and technical activities
74120Graphic design and visual communication
74140Other specialised design activities
74999Other professional, scientific and technical activities
82990Other business support services
Contact
Website
www.art2learn.be
E-mail
art.two.learn@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0758661348
Registered
27-03-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.