Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
The micro format states no turnover.
Of this, €51,521 falls due within a year.
Green is investment, beige is depreciation.
The last four annual accounts were filed 29 to 36 days before the end of the period.
Lower solvency than 82% of companies in education. Sector median 43.8% · 2,612 companies.
Negative equity caps the score at 59.
The dashed line is the sector median: 0.1% across 3,825 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 16% of them on solvency, 7% on liquidity, 48% on profitability and 90% on growth.
The bankruptcy probability was computed on 10-11-2026 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, 906 companies had the same profile as BehaviourMaps BV has now. Each dot stands for 3 companies, two years later.
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BehaviourMaps BV itself is lower: 0.6% within 12 months. It rests on far more data about BehaviourMaps BV than the profile alone.
The method was tested on the 497,448 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 906 companies, not a prediction for BehaviourMaps BV. 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 insufficient, with a current ratio of 1.0 (0.96 in 2024), below 1. Short-term debt is 88.4% and cash 10% of total assets. Equity is negative.
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 4 accounts on average 32 days before 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.
| Company | ||||
|---|---|---|---|---|
| BehaviourMaps BV Hasselt | €58,313 | €6,105 | -0.4% | - |
| Learn Dutch Online Dilsen-Stokkem | €48,765 | €7,848 | 41.6% | - |
| VANTRICHT SOLUTIONS Willebroek | €63,057 | €6,682 | -13.8% | - |
| Inspiration4You Lanaken | €59,917 | €8,677 | 25.6% | - |
| IEI77 Hechtel-Eksel | €42,862 | €4,605 | -14.1% | - |
| QSME De Haan | €55,655 | €8,334 | 8.0% | - |
| Digital Currency Academy Ghent | €56,543 | €8,844 | 60.5% | - |
These companies have the same main activity as BehaviourMaps BV: other education (NACE 85599). They are comparable in size and age: total assets between €42,900 and €63,100, founded between 2021 and 2022.
BehaviourMaps BV files the micro format. That format states no turnover. The gross margin rose from -€2,300 in 2022 to €6,105 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €22,000. Estimated: probably between €15,000 and €45,000.
Higher than 17% of 2,612 companies in 2025.
Higher than 30% of 2,481 companies in 2025.
Higher than 41% of 2,510 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
58,313 | 30,486 | 19,687 | 6,919 | |
21/28 |
6,809 | 5,425 | 3,009 | - | |
21 |
4,484 | 5,425 | 3,009 | - | |
22/27 |
2,325 | - | - | - | |
23 |
2,325 | - | - | - | |
29/58 |
51,503 | 25,061 | 16,677 | 6,919 | |
3 |
33,127 | 12,128 | 6,707 | - | |
30/36 |
33,127 | 12,128 | 6,707 | - | |
40/41 |
8,667 | 11,029 | 630 | 1,329 | |
40 |
3,774 | 10,972 | 605 | 1,271 | |
41 |
4,893 | 57 | 25 | 58 | |
54/58 |
5,831 | 1,904 | 9,013 | 5,591 | |
490/1 |
3,879 | - | 328 | - | |
| Balance sheet: equity and liabilities | |||||
10/49 |
58,313 | 30,486 | 19,687 | 6,919 | |
10/15 |
-209 | -2,519 | -98 | -449 | |
10/11 |
2,200 | 2,200 | 2,200 | 2,200 | |
14 |
-2,409 | -4,719 | -2,298 | -2,649 | |
17/49 |
58,521 | 33,005 | 19,785 | 7,368 | |
17 |
7,000 | 7,000 | 7,000 | - | |
170/4 |
7,000 | 7,000 | 7,000 | - | |
42/48 |
51,521 | 26,005 | 12,785 | 7,248 | |
44 |
45,147 | 18,015 | 7,000 | 1,035 | |
440/4 |
45,147 | 18,015 | 7,000 | 1,035 | |
45 |
1,331 | 4,258 | 1,225 | 2,481 | |
450/3 |
761 | 4,258 | 1,225 | 2,481 | |
454/9 |
570 | - | - | - | |
47/48 |
5,044 | 3,732 | 4,561 | 3,732 | |
492/3 |
- | - | - | 120 | |
| Income statement | |||||
9900 |
6,105 | -373 | 1,454 | -2,300 | |
630 |
1,009 | 709 | 151 | - | |
640/8 |
62 | 956 | 124 | 125 | |
9901 |
5,034 | -2,039 | 1,179 | -2,425 | |
75/76B |
- | 0 | 1 | - | |
75 |
- | 0 | 1 | - | |
65/66B |
333 | 335 | 109 | 40 | |
65 |
333 | 335 | 109 | 40 | |
9903 |
4,701 | -2,374 | 1,072 | -2,464 | |
67/77 |
2,390 | 47 | 721 | 185 | |
9904 |
2,310 | -2,421 | 350 | -2,649 | |
9905 |
2,310 | -2,421 | 350 | -2,649 | |
| Appropriation of the result | |||||
9906 |
-2,409 | -4,719 | -2,298 | -2,649 | |
14P |
-4,719 | -2,298 | -2,649 | - | |
| Document | |||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 25-06-2026.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 6,043 | -1,329 | 1,330 | - | ||
| 3,320 | -1,712 | 501 | - | ||
| 2,394 | 3,125 | 3,160 | - | ||
| 3,926 | -7,109 | 3,422 | - | ||
| -18 | -944 | 3,892 | -329 | ||
| -0.4% | -8.3% | -0.5% | -6.5% | ||
| 1.00 | 0.96 | 1.30 | 0.95 | ||
| 0.36 | 0.50 | 0.78 | 0.95 | ||
| 4.0% | -7.9% | 1.8% | -38.3% | ||
| 18.14 | -3.96 | 12.24 | - |
The equity ratios are withheld because equity of -€209 is too small for a meaningful ratio.
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 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | €2,394 | - | - | - |
| Intangible fixed assets | - | €3,125 | €3,160 | - |
| €1,009 | €709 | €151 | - |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a profit of €5,034, after a loss of €2,039 in 2024. It is the highest result since 2022.
Equity is negative. Debt (€58,521) exceeds the balance-sheet total (€58,313).
BehaviourMaps BV has no parent and no holdings in its annual accounts. KELLENS Tom Luc is the only director. BehaviourMaps BV 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
BehaviourMaps BV was incorporated on 9 November 2021 by two natural persons, with a starting capital of €2,200.12 The registered office was moved to Hasselt in 2026.3 KELLENS Tom Luc is director of the company, appointed by deed of 12-11-2021.2 Total assets rose from €6,919 in 2022 to €58,313 in 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| Heksenheide 11 registered office 3511 Hasselt | 09-11-2021 | 2.324.299.350 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 71032B0525/00V000 | 338 m² | 1 · 84 m² | 9.3 m · 2 |
If something looks wrong or is missing, please tell us.