COMPAS - FORMAT
ActiveSummary
COMPAS - FORMAT has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €119,336 and a net result of -€149. Equity is growing by ~23.8% per year across the filed fiscal years. Its solvency ranks better than 32% of 2545 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability58▼-16
Solvency48▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.79 against 0.65 in 2023; short-term debt: 37.5% and cash: 9.6% of total assets), and 77.4% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
22.6%
Return on assets
0%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-12-2025, 130 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
130 d late
2023
1 d early
2022
317 d late
2021
53 d late
2020
8 d early
2019
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 77 days after the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€462,846
EBIT margin
-4.3%
Net result
-€149
2023 · €21,529
Working capital
-€40,971▲ 2.8%
2023 · -€42,168
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
Line20202021202220232024
Turnover
Operating result€46,245▲ 79.9%€80,117▲ 73.2%-€11,042€31,800€9,973▼ 68.6%
Net result€46,245▲ 7,725%€64,828▲ 40.2%-€16,353€21,529-€149
EBIT margin
Equity€49,481▲ 1,429%€114,308▲ 131%€97,955▼ 14.3%€119,485▲ 22.0%€119,336▼ 0.1%
Total assets€343,202▲ 8.6%€483,841▲ 41.0%€569,031▲ 17.6%€481,063▼ 15.5%€528,666▲ 9.9%
Debt€293,722▼ 6.1%€369,533▲ 25.8%€471,076▲ 27.5%€361,578▼ 23.2%€409,330▲ 13.2%
Working capital€33,357▲ 387%€73,274▲ 120%-€104,496-€42,168▲ 59.6%-€40,971▲ 2.8%
Staff (FTE)10.3
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 69% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €528,666
Fixed assets
€371,167 ▼ 7.4%
Current assets
€157,499 ▲ 96.8%
Equity and liabilities €528,666
Equity
€119,336 ▼ 0.1%
Debt
€409,330 ▲ 13.2%
Debt's share of the balance-sheet total rises from 75.2% to 77.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€47,982▼
2023 · €67,585
Cash flow
€37,860▼
2023 · €57,315
Current ratio
0.79▲
2023 · 0.65
Debt to equity
3.43▲
2023 · 3.03
ROE
-0.1%▼
2023 · 18.0%
ROA
0.0%▼
2023 · 4.5%
Interest coverage
4.72▼
2023 · 6.58
Debt ≤ 1 year
€198,470▲
2023 · €122,204
Debt > 1 year
€210,860▼
2023 · €239,375
Staff costs
€656,216▲
2023 · €533,456
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,501 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
1.7%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: < 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 2,501 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €356,339 | €450,615 | €533,456 | €656,216 | ▲ 23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,829 | €16,446 | €34,168 | €35,785 | €38,009 | ▲ 6.2% |
| Other operating charges640/8 | - | €1,011 | €802 | €136 | €672 | ▲ 394% |
| Gross operating margin9900 | €321,971 | €453,914 | €474,543 | €601,176 | €704,870 | ▲ 17.2% |
| Operating profit (loss)9901 | €46,245 | €80,117 | -€11,042 | €31,800 | €9,973 | ▼ 68.6% |
| Financial income75/76B | - | €18 | €1 | - | €39 | - |
| Recurring financial income75 | €0 | €18 | €1 | - | €39 | - |
| Financial charges65/66B | - | €15,307 | €5,313 | €10,270 | €10,162 | ▼ 1.1% |
| Recurring financial charges65 | €0 | €15,307 | €5,313 | €10,270 | €10,162 | ▼ 1.1% |
| Profit (loss) for the period before taxes9903 | €46,245 | €64,828 | -€16,353 | €21,529 | -€149 | ▼ 101% |
| Profit (loss) for the period9904 | €46,245 | €64,828 | -€16,353 | €21,529 | -€149 | ▼ 101% |
| Profit (loss) for the period to be appropriated9905 | €46,245 | €64,828 | -€16,353 | €21,529 | -€149 | ▼ 101% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €343,202 | €483,841 | €569,031 | €481,063 | €528,666 | ▲ 9.9% |
| Fixed assets21/28 | €246,753 | €247,153 | €417,504 | €401,027 | €371,167 | ▼ 7.4% |
| Tangible fixed assets22/27 | €241,050 | €240,950 | €411,301 | €394,825 | €364,964 | ▼ 7.6% |
| Land and buildings22 | - | €240,468 | €374,630 | €361,395 | €337,874 | ▼ 6.5% |
| Furniture and vehicles24 | - | €482 | €36,671 | €33,429 | €27,091 | ▼ 19.0% |
| Financial fixed assets28 | €5,703 | €6,203 | €6,203 | €6,203 | €6,203 | = |
| Current assets29/58 | €96,449 | €236,688 | €151,528 | €80,036 | €157,499 | ▲ 96.8% |
| Amounts receivable after more than one year29 | - | - | - | - | €20,000 | - |
| Other amounts receivable291 | - | - | - | - | €20,000 | - |
| Amounts receivable within one year40/41 | €13,096 | €833 | €0 | - | €82,086 | - |
| Trade receivables40 | - | €0 | - | - | - | - |
| Other amounts receivable41 | - | €833 | €0 | - | €82,086 | - |
| Cash at bank and in hand54/58 | €0 | €50,533 | €30,284 | €75,134 | €50,750 | ▼ 32.5% |
| Deferred charges and accrued income490/1 | - | €185,322 | €121,243 | €4,902 | €4,663 | ▼ 4.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €343,202 | €483,841 | €569,031 | €481,063 | €528,666 | ▲ 9.9% |
| Equity10/15 | €49,481 | €114,308 | €97,955 | €119,485 | €119,336 | ▼ 0.1% |
| Contributions10/11 | - | - | €7,457 | €7,457 | €7,457 | = |
| Capital10 | - | - | €7,457 | €7,457 | €7,457 | = |
| Profit (loss) carried forward14 | €42,023 | €106,851 | €90,498 | €112,027 | €111,878 | ▼ 0.1% |
| Amounts payable17/49 | €293,722 | €369,533 | €471,076 | €361,578 | €409,330 | ▲ 13.2% |
| Amounts payable after more than one year17 | €230,629 | €206,119 | €215,052 | €239,375 | €210,860 | ▼ 11.9% |
| Financial debts170/4 | - | €206,119 | €215,052 | €239,375 | €210,860 | ▼ 11.9% |
| Amounts payable within one year42/48 | €63,092 | €163,414 | €256,024 | €122,204 | €198,470 | ▲ 62.4% |
| Current portion of amounts payable after more than one year42 | - | €12,852 | €13,670 | €7,789 | €34,314 | ▲ 341% |
| Trade debts44 | €26,074 | €101,760 | €186,670 | €57,046 | €78,615 | ▲ 37.8% |
| Suppliers440/4 | - | €101,760 | €186,670 | €57,046 | €78,615 | ▲ 37.8% |
| Taxes, remuneration and social security45 | - | €48,783 | €55,665 | €55,665 | €84,144 | ▲ 51.2% |
| Taxes450/3 | - | €0 | - | €0 | €14,287 | - |
| Remuneration and social security454/9 | - | €48,783 | €55,665 | €55,665 | €69,856 | ▲ 25.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €46,245 | €64,828 | -€16,353 | €21,529 | -€149 | ▼ 101% |
| + Depreciation and write-downs630 | €14,829 | €16,446 | €34,168 | €35,785 | €38,009 | ▲ 6.2% |
| Operating cash flow (approximation) | €61,074 | €81,274 | €17,815 | €57,315 | €37,860 | ▼ 33.9% |
| Investment in fixed assets (approximation) | - | -€16,846 | -€204,519 | -€19,309 | -€8,149 | ▲ 57.8% |
| Change in cash | - | €50,533 | -€20,249 | €44,849 | -€24,384 | ▼ 154% |
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
2025
08-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 130 days late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 317 days late
2023
31-12
Financial
Back to profitnet €21,529
Net result €21,529 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €119,485 ▲22%
Equity rises from €97,955 to €119,485.
2022
22-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 53 days late
2021
31-12
Financial
Highest result since 2018net €64,828 ▲40.2%
Operating result €80,117, net result €64,828, both a record.
31-12
Financial
Equity above €100,000Eq €114,308 ▲131%
3 profitable years in a row build equity to €114,308.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €591
Net result €591 after one loss-making year.
06-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 37 days late
Show earlier events
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
08-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 acts for this company are 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, Blégny · 4 establishment units since 2001
Ground area
3,949 m²
Building footprint
1,545 m²
Volume, LiDAR
14,496 m³
3 parcels, Wallonia · tallest building 12.5 m, ±3 floors. Linked by address, not a title deed.
24
companies at this address
See who is registered here
4 establishment units
COMPAS - FORMAT
since 20012.160.801.395
COMPAS - FORMAT
since 20012.161.127.138
COMPAS - FORMAT
since 20122.207.662.689
COMPAS - FORMAT
since 20182.272.928.942
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62095C0028/00F000 | Wallonia | 2,201 m² | 1 · 1,380 m² | 12.5 m · 3 fl. |
| 64074A0450/00E000 | Wallonia | 1,354 m² | 1 · 102 m² | 6.2 m · 2 fl. |
| 62343C0009/00F008 | Wallonia | 394 m² | 1 · 62 m² | 10.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Wallonia-Brussels Federation
2021 to 2025 · 49 entries · 1,531,928 EUR in total| Year | Entries | paid |
|---|---|---|
| 2025 | 12 | 461,036 EUR |
| 2024 | 11 | 422,671 EUR |
| 2023 | 19 | 489,470 EUR |
| 2022 | 2 | 111,067 EUR |
| 2021 | 5 | 47,685 EUR |
Budget allocations
Show 3 more
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Of 11,671 companies in sector 85599 we hold annual accounts for 1,329. 1,016 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded17-04-2001
Fiscal year end31-12
Activities, NACEBEL 2025
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0476855067
Also
9925:BE0476855067
Registered
15-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.