Bluebird Education Association
Bluebird Education Association has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €367k and a net result of €21k. Equity is growing by ~28.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.1% (very low).
| Equity | €367k |
| Net result | €21k |
| Active | 13 yrs |
| Board | 2 |
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Show 4 other metrics
| Fiscal year | 2024 |
|---|---|
| Deposit | abbreviated schema |
| Revenue | - |
| EBITDA | - |
| Net profit | €21k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €395k |
| Equity | €367k |
| Debt | €28k |
| of which ≤ 1y | €28k |
| of which > 1y | - |
| Working capital | €367k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 13.97 |
| Quick ratio | 13.97 |
| Working capital ratio | 92.8% |
| Solvency | 92.8% |
| Debt / equity | 0.08 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | 5.2% |
| ROE | 5.6% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (15 line items)
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €395k |
| Current assets | 29/58 | €395k |
| Cash & bank | 54/58 | €395k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €395k |
| Equity | 10/15 | €367k |
| Accumulated profits (losses) | 14 | €367k |
| Amounts payable | 17/49 | €28k |
| Amounts payable within one year | 42/48 | €28k |
| Trade debts payable within one year | 44 | €28k |
| Income statement | ||
| Gross operating margin | 9900 | €21k |
| Operating result | 9901 | €21k |
| Financial charges | 65 | €60 |
| Result before taxes | 9903 | €21k |
| Net result for the period | 9904 | €21k |
| Result to be appropriated | 9905 | €21k |
-
Current22-01-2026 → present
-
Current22-01-2026 → present
2 events
- 22-01-2026 Resigned· Director
- 22-01-2026 Appointed· Director
Former directors (1)
-
Former- → 22-01-2026
| NACE primary | - |
| Legal form | Int'l non-profit association(125) |
| Incorporation | 14-09-2012 |
| Status | Active |
| Postal code | 1000 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21802B0900/00A000 | Brussels | 1,242 m² | 1 · 1,168 m² | 25.9 m · 7 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
22-01-2026 State Gazette act Minor change
22-01-2026 State Gazette act Director changes
12-09-2025 NBB filing Annual accounts filed
27-09-2024 NBB filing Annual accounts filed
21-09-2023 NBB filing Annual accounts filed
29-08-2022 NBB filing Annual accounts filed
28-09-2021 NBB filing Annual accounts filed
19-07-2019 NBB filing Annual accounts filed
12-03-2019 State Gazette act Registered-office change
04-09-2018 NBB filing Annual accounts filed
20-10-2015 State Gazette act Registered-office change
07-04-2015 State Gazette act Statutes amendment
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
22-01-2026 Publication in the Belgian Official Gazette, Minor change
Technical details
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"single_shareholder_declaration": null
}22-01-2026 2 directors appointed, 2 resigning
- KIRSCHSTEIN Thierry Frans Adeline, Bestuurder
- Brusselle Valérie MarieAgnès Henri, Bestuurder
- KIRSCHSTEIN Freddy Lucien Magdalena, Bestuurder
- KIRSCHSTEIN Thierry Frans Adeline, Bestuurder
Technical details
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"name": "KIRSCHSTEIN Freddy Lucien Magdalena",
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"evidence_quote": "De Algemene Vergadering neemt kennis van het ontslag van onderstaande personen uit hun functie als bestuurder en besluit hen reeds voorlopig kwijting te verlenen voor de uitoefening van hun functie: \u2022 De heer KIRSCHSTEIN Freddy Lucien Magdalena, wonende te 6442 GERSAU, Eggistrasse 15, Zwitserland;",
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"evidence_quote": "De Algemene Vergadering neemt kennis van het ontslag van onderstaande personen uit hun functie als bestuurder en besluit hen reeds voorlopig kwijting te verlenen voor de uitoefening van hun functie: \u2022 De heer KIRSCHSTEIN Thierry Frans Adeline, woonstkeuze doende te 1000 Brussel, Prinsenstraat 810.",
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"name": "KIRSCHSTEIN Thierry Frans Adeline",
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"evidence_quote": "De vergadering gaat vervolgens over tot de (her)benoeming van de volgende personen als bestuurders van de Vereniging en dit voor een bepaalde duur van vier (4) jaar: \u2022 De heer KIRSCHSTEIN Thierry Frans Adeline, woonstkeuze doende te 1000 Brussel, Prinsenstraat 810;"
},
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"kind": "director_in",
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"rrn": null,
"name": "Brusselle Val\u00E9rie MarieAgn\u00E8s Henri",
"address": null,
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"evidence_quote": "De vergadering gaat vervolgens over tot de (her)benoeming van de volgende personen als bestuurders van de Vereniging en dit voor een bepaalde duur van vier (4) jaar: \u2022 Mevrouw Brusselle Val\u00E9rie MarieAgn\u00E8s Henri, woonstkeuze doende te 1000 Brussel, Prinsenstraat 8-10."
}
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"subject_company": {
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}
}12-03-2019 Registered office moved from Etterbeek to Sint-Gillis
- Guimardstraat 7, 1040 Etterbeek → Dejonckerstraat 42-46, 1060 Sint-Gillis
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Sint-Gillis",
"region": "Brussels Gewest",
"street": "Dejonckerstraat",
"country": "BE",
"postcode": "1060",
"box_number": null,
"street_number": "42-46"
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"region": "Brussels Gewest",
"street": "Guimardstraat",
"country": "BE",
"postcode": "1040",
"box_number": null,
"street_number": "7"
},
"effective_date": "2018-10-01",
"evidence_quote": "De Raad van bestuur beslist de maatschappelijke zetel te verplaatsen naar Dejonckerstraat 42-46 te 1060 Sint-Gillis vanaf 01/10/2018.."
}
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}20-10-2015 Registered office moved from Sint-Joost-Ten-Node to Brussel
- Kunstlaan 10-11, 1210 Sint-Joost-Ten-Node → Rue Guimard 7, 1040 Brussel
Technical details
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"events": [
{
"kind": "zetel_transfer",
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"city": "Brussel",
"region": "Brussels Gewest",
"street": "Rue Guimard",
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"street_number": "7"
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"city": "Sint-Joost-Ten-Node",
"region": "Brussels Gewest",
"street": "Kunstlaan",
"country": "BE",
"postcode": "1210",
"box_number": null,
"street_number": "10-11"
},
"effective_date": "2015-09-18",
"evidence_quote": "Ingevolge beslissing van 78/9/15 van de algemene vergadering van de intemationale vereniging zonder winstoogmerkt \u0022Global Council for Management Education\u0022, gevestigd te 1210 Sint-Joost-Ten-Node, Kunstlaan 10-11, met als ondernemingsnummer 0848.708.329, werd, met ingang van 18 september 2015, de zetel van de internationale vereniging zonder winstoogmerk verplaatst naar volgend adres: 1040 Brussel, Rue Guimard 7."
}
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}07-04-2015 Articles of association amended
Technical details
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"bedrijfsrevisor": null,
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"name_full": "INTERNATIONAL UNIVERSITY OF BELGIUM INTERNATIONALE VER.",
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"special_mandates": [],
"governance_change": {
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}
}| Legal nameNL | Bluebird Education Association |