B2B LEARNING
ActiveSummary
B2B LEARNING has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €69,476 and a net result of €41,124. Equity is growing by about 7.9% per year across the filed financial years. Its solvency ranks better than 30% of 2,592 sector peers (NACE 85, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Staff
- ≈ 1.6 FTE, estimated
- Equity
- €69,476
- Profit
- €41,124
- Largest shareholder
- B2B Advisory · 40%
Why 93lowers riskSector: Education (NACE 85)Size: total assets €367,690Liquidity: current ratio 1.33, cash €135,965Figures for financial year 2025 (filed 19-03-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 29% on solvency, 46% on liquidity, 64% on profitability and 47% on growth.
The bankruptcy probability was computed on 28-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 101 days before the deadline; the sector median (NACE 85) for financial year 2024 is 16 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 4.6 times 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 85, Education: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 3,818 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 95.2% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 3,818 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | - | - | €19 | - | - |
| Non-recurring operating income76A | - | - | - | €3,912 | €1,296 | - | €1,050 | €3,035 | ▲ 189% |
| Remuneration, social security and pensions62 | - | - | - | €1,241 | - | €34,126 | €76,732 | €79,626 | ▲ 3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,473 | €3,968 | €1,000 | €440 | €800 | €1,582 | €2,260 | €7,451 | ▲ 230% |
| Other operating charges640/8 | - | - | - | €2,184 | €36 | €160 | €5 | €142 | ▲ 28× |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €4,144 | - |
| Gross operating margin9900 | -€14,437 | €47,598 | €67,746 | €46,435 | €48,425 | €89,926 | €93,388 | €157,362 | ▲ 68.5% |
| Operating profit (loss)9901 | -€20,814 | €40,341 | €62,558 | €42,570 | €47,589 | €54,058 | €14,391 | €65,999 | ▲ 359% |
| Financial income75/76B | - | - | - | €117 | €470 | €163 | €19 | €193 | ▲ 916% |
| Recurring financial income75 | €12 | €3 | - | €117 | €470 | €163 | €19 | €193 | ▲ 916% |
| Financial charges65/66B | - | - | - | €4,519 | €3,723 | €5,439 | €5,530 | €10,205 | ▲ 84.5% |
| Recurring financial charges65 | €3,729 | €4,881 | €4,143 | €4,519 | €3,723 | €5,439 | €5,530 | €10,205 | ▲ 84.5% |
| Profit (loss) for the period before taxes9903 | -€24,531 | €35,463 | €58,415 | €38,168 | €44,336 | €48,782 | €8,880 | €55,987 | ▲ 530% |
| Income taxes67/77 | -€17 | €5,685 | €16,247 | €9,850 | €11,573 | €13,100 | €3,396 | €14,863 | ▲ 338% |
| Profit (loss) for the period9904 | -€24,514 | €29,778 | €42,168 | €28,318 | €32,763 | €35,682 | €5,484 | €41,124 | ▲ 650% |
| Profit (loss) for the period to be appropriated9905 | -€24,514 | €29,778 | €42,168 | €28,318 | €32,763 | €35,682 | €5,484 | €41,124 | ▲ 650% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €186,833 | €278,840 | €260,089 | €290,832 | €388,307 | €274,289 | €308,239 | €367,690 | ▲ 19.3% |
| Fixed assets21/28 | €6,242 | €2,274 | €1,274 | €3,098 | €3,751 | €8,934 | €7,795 | €26,725 | ▲ 243% |
| Intangible fixed assets21 | €2,968 | - | - | €0 | - | - | - | €18,799 | - |
| Tangible fixed assets22/27 | €2,000 | €1,000 | - | €1,824 | €3,751 | €8,934 | €7,795 | €7,926 | ▲ 1.7% |
| Furniture and vehicles24 | - | - | - | €1,824 | €1,069 | €315 | €1,074 | €3,103 | ▲ 189% |
| Other tangible fixed assets26 | - | - | - | - | €2,682 | €8,619 | €6,721 | €4,823 | ▼ 28.2% |
| Financial fixed assets28 | €1,274 | €1,274 | €1,274 | €1,274 | €0 | - | - | - | - |
| Current assets29/58 | €180,591 | €276,566 | €258,815 | €287,734 | €384,556 | €265,355 | €300,444 | €340,965 | ▲ 13.5% |
| Amounts receivable within one year40/41 | €137,179 | €165,647 | €168,010 | €143,288 | €282,841 | €136,490 | €148,396 | €189,112 | ▲ 27.4% |
| Trade receivables40 | - | - | - | €134,230 | €279,270 | €134,517 | €147,487 | €187,942 | ▲ 27.4% |
| Other amounts receivable41 | - | - | - | €9,058 | €3,571 | €1,973 | €909 | €1,170 | ▲ 28.7% |
| Cash at bank and in hand54/58 | €34,301 | €103,945 | €80,707 | €132,794 | €37,342 | €96,842 | €85,349 | €135,965 | ▲ 59.3% |
| Deferred charges and accrued income490/1 | - | - | - | €11,652 | €64,373 | €32,023 | €66,699 | €15,888 | ▼ 76.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €186,833 | €278,840 | €260,089 | €290,832 | €388,307 | €274,289 | €308,239 | €367,690 | ▲ 19.3% |
| Equity10/15 | €26,659 | €56,437 | €58,605 | €49,423 | €57,186 | €62,868 | €68,352 | €69,476 | ▲ 1.6% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €6,199 | €35,977 | €38,145 | €28,963 | €36,726 | €42,408 | €47,892 | €49,016 | ▲ 2.3% |
| Amounts payable17/49 | €160,174 | €222,403 | €201,484 | €241,409 | €331,121 | €211,421 | €239,887 | €298,214 | ▲ 24.3% |
| Amounts payable after more than one year17 | - | - | - | - | - | - | - | €8,649 | - |
| Financial debts170/4 | - | - | - | - | - | - | - | €8,649 | - |
| Amounts payable within one year42/48 | €127,679 | €201,707 | €194,434 | €184,983 | €259,579 | €180,646 | €192,914 | €256,167 | ▲ 32.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | - | €5,227 | - |
| Trade debts44 | €72,161 | €106,414 | €96,522 | €84,530 | €164,126 | €70,215 | €93,675 | €106,766 | ▲ 14.0% |
| Suppliers440/4 | - | - | - | €84,530 | €164,126 | €70,215 | €93,675 | €106,766 | ▲ 14.0% |
| Taxes, remuneration and social security45 | - | - | - | €56,708 | €68,233 | €79,605 | €97,813 | €103,744 | ▲ 6.1% |
| Taxes450/3 | - | - | - | €56,708 | €68,233 | €71,086 | €83,662 | €88,505 | ▲ 5.8% |
| Remuneration and social security454/9 | - | - | - | - | - | €8,519 | €14,151 | €15,239 | ▲ 7.7% |
| Other amounts payable47/48 | - | - | - | €43,745 | €27,220 | €30,826 | €1,426 | €40,430 | ▲ 28× |
| Accrued charges and deferred income492/3 | - | - | - | €56,426 | €71,542 | €30,775 | €46,973 | €33,398 | ▼ 28.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€24,514 | €29,778 | €42,168 | €28,318 | €32,763 | €35,682 | €5,484 | €41,124 | ▲ 650% |
| + Depreciation and write-downs630 | €4,473 | €3,968 | €1,000 | €440 | €800 | €1,582 | €2,260 | €7,451 | ▲ 230% |
| Operating cash flow (approximation) | -€20,041 | €33,746 | €43,168 | €28,758 | €33,563 | €37,264 | €7,744 | €48,575 | ▲ 527% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€2,264 | -€1,453 | -€6,765 | -€1,121 | -€26,381 | ▼ 2,253% |
| Change in cash | - | €69,644 | -€23,238 | €52,087 | -€95,452 | €59,500 | -€11,493 | €50,616 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 19-03-2026 | 2026-00057129 |
| 31-12-2024 | micro format | 19-05-2025 | 2025-00097748 |
| 31-12-2023 | micro format | 22-03-2024 | 2024-00047476 |
| 31-12-2022 | micro format | 27-04-2023 | 2023-00068150 |
| 31-12-2021 | micro format | 25-04-2022 | 2022-20007421 |
| 31-12-2020 | full format | 20-04-2021 | 2021-10700390 |
| 31-12-2019 | full format | 15-05-2020 | 2020-12200270 |
| 31-12-2018 | full format | 28-03-2019 | 2019-08300080 |
| 31-12-2017 | full format | 08-05-2018 | 2018-12400405 |
| 31-12-2016 | full format | 09-06-2017 | 2017-16200258 |
Similar companies · same sector, comparable size
Public contracts
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. Values as the buyer published them; for a framework agreement, a ceiling.
Directors
Owners and capital
Owners
1 ownerOwners 1
-
40%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 05-06-2023 Converted to unavailable equity · €20,460
- 30-05-2023 Converted to unavailable equity · €20,460
Group and network
Connections & network
The network starts from this company’s shareholders. What else they own or run appears here as nodes.
History
Acts, filings and financial milestones
05-06
Gazette deed
Permanent representative: Anne CARPENTIERRegistered office clause · Power of attorney · Legal-form conversion10 facts ▸
- Board composition, B2B Advisory (director)
- Permanent representative, Anne CARPENTIER
- Registered office clause, “1060 Sint-Gillis,Gulden-Vlieslaan 79 bus 6” (deed in Dutch)
- Power of attorney
- General meeting, 11-05-2023
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffing, beschikbaar voor uitkering” (deed in Dutch)
- Amendment of the articles
- Capital, €18,600
30-05
Gazette deed
Permanent representative: Anne CARPENTIERLegal form clause · Capital conversion · Amendment of the articles10 facts ▸
- Other provision, “immatriculation et assujettissement TVA, registre des personnes morales de Bruxelles” (deed in French)
- Legal form clause, “forme légale du Code des sociétés et des associations qui se rapproche le plus de sa forme actuelle, société à responsabilité limitée” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Other provision, “suppression du compte de capitaux propres statutairement indisponible, solde disponible pour la distribution” (deed in French)
- Amendment of the articles
- Capital, €18,600
- Board composition, B2B Advisory (director)
- Permanent representative, Anne CARPENTIER
- Registered office clause, “Avenue de la Toison d'Or 79 boîte 6, Saint-Gilles” (deed in French)
- Power of attorney
About the unread acts
Of the 9 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21013B0029/00A005 | Brussels | 488 m² | 1 · 336 m² | 36.3 m · 11 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het organiseren van vormingen, evenementen en conferenties; Adviesveriening en ondersteuning in voormelde domeinen; De activiteit als…” (deed in Dutch)deed of 05-06-2023
5 activities (deed in Dutch)
- Het organiseren van vormingen, evenementen en conferenties
- Adviesveriening en ondersteuning in voormelde domeinen
- De activiteit als examencentrum
- Het huren en verhuren en het uitrusten van lokalen waarin vormingen, evenementen, conferenties en examens georganiseerd kunnen worden
- Adviesverstrekking in het algemeen aan ondernemingen, het uitvoeren van interim- en crisis-managementopdrachten, de ontwikkeling van economische en commerciële projecten en studies
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimiteddeed of 30-05-2023
- Name clauseThe name the company operates under according to its articles.
- B2B Learningdeed of 05-06-2023
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Brussels Hoofdstedelijk Gewest, hoofdkantoren, bijkantoren, agentschappen, opslagplaatsen en kantoren in België en buitenland bij eenvoudig…” (deed in Dutch)deed of 05-06-2023
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Alle handelingen nodig of dienstig tot verwezenlijking voorwerp door elke bestuurder, handelingen overeenkomstig wet of statuten…” (deed in Dutch)“1, al dan niet aandeelhouder” (deed in Dutch)“Vacature, overlijden, ontslag of gelijk welke andere reden” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Friday of May at 16:00