ECOLE-IT
Open bankruptcyFinancials · financial year 2025, micro format
Equity
-€633,119▲ 10.9%
2024 · -€710,582
Total assets
€1.6m▲ 135%
2024 · €673,346
Net result
-€1.2m▼ 184%
2024 · -€438,035
Working capital
-€331,940▲ 52.9%
2024 · -€704,384
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €1.3m in 2025 against €438,590 in 2024; the loss grows and 2025 has the lowest 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.
Operating result-€1.3m
2025
Net result-€1.2m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.6m
2025
Equity-€0.6m
2025
Debt€2.2m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.3m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-78.4%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-40.0%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.78
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)1.7
2025
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), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.004m-€0.003m▼ 6.1%-€0.009m-€0.06m▼ 553%-€0.3m▼ 332%€0.002m-€0.4m-€1.3m▼ 191%
Net result€0.003m--€0.01m-€0.05mbelow the sector's middle half▼ 325%-€0.06mbelow the sector's middle half▼ 31.3%-€0.3mbelow the sector's middle half▼ 321%€0.001mwithin the sector's middle half-€0.4mbelow the sector's middle half-€1.2mbelow the sector's middle half▼ 184%
Equity€0.1m-€0.09m▼ 10.5%€0.05mwithin the sector's middle half▼ 49.8%-€0.01mbelow the sector's middle half-€0.3mbelow the sector's middle half▼ 1,798%-€0.3mbelow the sector's middle half▲ 0.5%-€0.7mbelow the sector's middle half▼ 161%-€0.6mbelow the sector's middle half▲ 10.9%
Total assets€0.1m-€0.1m▼ 10.9%€0.07mwithin the sector's middle half▼ 27.3%€0.8mabove the sector's middle half▲ 948%€1.5mabove the sector's middle half▲ 97.2%€1.0mabove the sector's middle half▼ 32.3%€0.7mabove the sector's middle half▼ 33.0%€1.6mabove the sector's middle half▲ 135%
Debt€0.006m-€0.005m▼ 18.7%€0.02m▲ 427%€0.8m▲ 31×€1.8m▲ 129%€1.3m▼ 27.4%€1.4m▲ 8.3%€2.2m▲ 60.2%
Working capital€0.09m-€0.09m▲ 4.0%€0.05mwithin the sector's middle half▼ 49.5%-€0.3mbelow the sector's middle half-€0.6mbelow the sector's middle half▼ 89.7%-€0.7mbelow the sector's middle half▼ 24.2%-€0.7mbelow the sector's middle half▼ 2.5%-€0.3mbelow the sector's middle half▲ 52.9%
Solvency94.8%-95.3%▲ 0.5pp65.7%within the sector's middle half▼ 29.5pp-1.9%below the sector's middle half▼ 67.6pp-18.4%below the sector's middle half▼ 16.5pp-27.1%below the sector's middle half▼ 8.7pp-105.5%below the sector's middle half▼ 78.4pp-40.0%below the sector's middle half▲ 65.6pp
Current ratio16.64-21.01▲ 4.362.92within the sector's middle half▼ 18.090.62below the sector's middle half▼ 2.300.69below the sector's middle half▲ 0.070.46below the sector's middle half▼ 0.220.22below the sector's middle half▼ 0.240.78below the sector's middle half▲ 0.57
Return on assets (ROA)2.3%--11.2%▼ 13.5pp-65.3%below the sector's middle half▼ 54.2pp-8.2%below the sector's middle half▲ 57.1pp-17.5%below the sector's middle half▼ 9.3pp0.1%within the sector's middle half▲ 17.6pp-65.1%below the sector's middle half▼ 65.2pp-78.4%below the sector's middle half▼ 13.4pp
Staff (FTE)12▲ 100%1.9▼ 5.0%1.7▼ 10.5%
above
within
below
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.
Turnover and EBIT margin not published: the micro format does not require them.
Why a figure moved sharply
- 2025 Total assets +135% on 2024. Capital increase of €1,270,434 (Official Gazette 05-03-2025).
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€375,289 ▼ 21.1%
Current assets
€1.2m ▲ 512%
Equity and liabilities
Equity-€633,119
Debt€2.2m
Equity is negative: debt (€2.2m) exceeds the balance-sheet total (€1.6m).
Key figures and ratios
EBITDA
-€1.1m▼
2024 · -€300,923
Cash flow
-€1.1m▼
2024 · -€300,367
Interest coverage
-61.01▼
2024 · -57.72
Debt ≤ 1 year
€1.5m▲
2024 · €901,869
Debt > 1 year
€673,003▲
2024 · €482,059
Income taxes
€8▼
2024 · €225
Staff costs
€62,821▼
2024 · €74,833
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.006m | - | €0.001m | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €0.03m | €0.06m | €0.07m | €0.06m | ▼ 16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €284 | - | - | €0.07m | €0.08m | €0.08m | €0.1m | €0.2m | ▲ 16.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | - | €0.07m | - |
| Other operating charges640/8 | - | - | - | €498 | €0.001m | €85 | €0.009m | €0.5m | ▲ 50× |
| Non-recurring operating charges66A | - | - | - | - | - | €0.004m | €154 | €0.007m | ▲ 49× |
| Gross operating margin9900 | €0.004m | €0.004m | -€0.009m | €0.01m | -€0.1m | €0.1m | -€0.2m | -€0.5m | ▼ 137% |
| Operating profit (loss)9901 | €0.004m | €0.003m | -€0.009m | -€0.06m | -€0.3m | €0.002m | -€0.4m | -€1.3m | ▼ 191% |
| Financial income75/76B | - | - | - | €0.001m | €110 | €0.004m | €0.006m | €0.05m | ▲ 773% |
| Recurring financial income75 | - | €0.001m | - | €0.001m | €110 | €470 | €0.006m | €0.05m | ▲ 773% |
| Non-recurring financial income76B | - | - | - | - | - | €0.004m | €0.006m | - | - |
| Financial charges65/66B | - | - | - | €0.004m | €0.006m | €0.005m | €0.005m | €0.02m | ▲ 251% |
| Recurring financial charges65 | €0.001m | €0.001m | €0.001m | €0.004m | €0.006m | €0.003m | €0.005m | €0.02m | ▲ 251% |
| Non-recurring financial charges66B | - | - | - | - | - | €0.002m | - | €1 | - |
| Profit (loss) for the period before taxes9903 | €0.003m | -€0.01m | -€0.05m | -€0.06m | -€0.3m | €0.002m | -€0.4m | -€1.2m | ▼ 184% |
| Income taxes67/77 | - | - | - | - | €0.001m | €141 | €225 | €8 | ▼ 96.4% |
| Profit (loss) for the period9904 | €0.003m | -€0.01m | -€0.05m | -€0.06m | -€0.3m | €0.001m | -€0.4m | -€1.2m | ▼ 184% |
| Profit (loss) for the period to be appropriated9905 | €0.003m | -€0.01m | -€0.05m | -€0.06m | -€0.3m | €0.001m | -€0.4m | -€1.2m | ▼ 184% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.1m | €0.1m | €0.07m | €0.8m | €1.5m | €1.0m | €0.7m | €1.6m | ▲ 135% |
| Fixed assets21/28 | €0.02m | €0.001m | - | €0.3m | €0.3m | €0.4m | €0.5m | €0.4m | ▼ 21.1% |
| Intangible fixed assets21 | - | - | - | €0.3m | €0.2m | €0.2m | €0.3m | €0.2m | ▼ 36.5% |
| Tangible fixed assets22/27 | - | - | - | €0.006m | €0.06m | €0.2m | €0.2m | €0.2m | ▼ 2.2% |
| Plant, machinery and equipment23 | - | - | - | €0.006m | €0.005m | €480 | €0.06m | €0.06m | ▲ 5.6% |
| Furniture and vehicles24 | - | - | - | - | €0.004m | €0.02m | €0.06m | €0.06m | ▲ 11.1% |
| Other tangible fixed assets26 | - | - | - | - | €0.05m | €0.05m | €0.04m | €0.03m | ▼ 32.5% |
| Assets under construction and advance payments27 | - | - | - | - | - | €0.2m | - | - | - |
| Financial fixed assets28 | €0.02m | €0.001m | - | - | €0.007m | €0.007m | €0.03m | €0.04m | ▲ 34.4% |
| Current assets29/58 | €0.1m | €0.1m | €0.07m | €0.5m | €1.2m | €0.6m | €0.2m | €1.2m | ▲ 512% |
| Amounts receivable within one year40/41 | €0.09m | €0.1m | €0.001m | €0.3m | €0.5m | €0.3m | - | €0.1m | - |
| Trade receivables40 | - | - | - | €0.3m | €0.5m | €0.3m | - | €0.04m | - |
| Other amounts receivable41 | - | - | - | €0.02m | €0.02m | €0.002m | - | €0.06m | - |
| Cash at bank and in hand54/58 | €0.003m | €0.003m | €0.07m | €0.1m | €0.7m | €0.3m | €0.2m | €0.4m | ▲ 141% |
| Deferred charges and accrued income490/1 | - | - | - | €0.006m | €0.04m | €0.02m | €0.02m | €0.7m | ▲ 38× |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.1m | €0.1m | €0.07m | €0.8m | €1.5m | €1.0m | €0.7m | €1.6m | ▲ 135% |
| Equity10/15 | €0.1m | €0.09m | €0.05m | -€0.01m | -€0.3m | -€0.3m | -€0.7m | -€0.6m | ▲ 10.9% |
| Contributions10/11 | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €1.4m | ▲ 19× |
| Capital10 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | €1.4m | ▲ 19× |
| Issued capital100 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | €1.4m | ▲ 19× |
| Reserves13 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Non-distributable reserves130/1 | - | - | - | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | = |
| Legal reserve130 | - | - | - | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | = |
| Distributable reserves133 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Profit (loss) carried forward14 | €0.01m | €0.002m | -€0.04m | -€0.1m | -€0.4m | -€0.4m | -€0.8m | -€2.0m | ▼ 155% |
| Amounts payable17/49 | €0.006m | €0.005m | €0.02m | €0.8m | €1.8m | €1.3m | €1.4m | €2.2m | ▲ 60.2% |
| Amounts payable after more than one year17 | - | - | - | - | - | - | €0.5m | €0.7m | ▲ 39.6% |
| Financial debts170/4 | - | - | - | - | - | - | €0.5m | €0.7m | ▲ 39.6% |
| Amounts payable within one year42/48 | €0.006m | €0.005m | €0.02m | €0.8m | €1.8m | €1.3m | €0.9m | €1.5m | ▲ 70.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.2m | €0.07m | €0.06m | €0.09m | ▲ 54.9% |
| Trade debts44 | €0.002m | €97 | €0.009m | €0.2m | €0.02m | €0.01m | €0.2m | €0.4m | ▲ 106% |
| Suppliers440/4 | - | - | - | €0.2m | €0.02m | €0.01m | €0.2m | €0.4m | ▲ 106% |
| Advances received on contracts in progress46 | - | - | - | €0.03m | €1.1m | €0.2m | €0.4m | €0.7m | ▲ 86.1% |
| Taxes, remuneration and social security45 | - | - | - | - | €0.003m | €0.04m | €0.02m | €0.02m | ▼ 13.5% |
| Taxes450/3 | - | - | - | - | - | €0.02m | €0.005m | €490 | ▼ 90.3% |
| Remuneration and social security454/9 | - | - | - | - | €0.003m | €0.03m | €0.02m | €0.02m | ▲ 10.6% |
| Other amounts payable47/48 | - | - | - | €0.4m | €0.4m | €0.9m | €0.2m | €0.3m | ▲ 29.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | - | €0.003m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.003m | -€0.01m | -€0.05m | -€0.06m | -€0.3m | €0.001m | -€0.4m | -€1.2m | ▼ 184% |
| + Depreciation and write-downs630 | €284 | - | - | €0.07m | €0.08m | €0.08m | €0.1m | €0.2m | ▲ 16.2% |
| Operating cash flow (approximation) | €0.003m | -€0.01m | -€0.05m | €0.006m | -€0.2m | €0.08m | -€0.3m | -€1.1m | ▼ 260% |
| Investment in fixed assets (approximation) | - | €0.01m | - | - | -€0.08m | -€0.2m | -€0.2m | -€0.06m | ▲ 70.1% |
| Change in cash | - | €46 | €0.07m | €0.06m | €0.6m | -€0.4m | -€0.09m | €0.3m | - |
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 48 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | micro format | 30-04-2026 | 2026-00095832 |
| 30-09-2024 | micro format | 14-11-2025 | 2025-00566437 |
| 30-09-2023 | micro format | 29-04-2024 | 2024-00077060 |
| 30-09-2022 | micro format | 11-07-2023 | 2023-00230588 |
| 30-09-2021 | micro format | 19-01-2023 | 2023-00001155 |
| 30-09-2020 | micro format | 06-05-2021 | 2021-13400479 |
| 31-12-2019 | micro format | 23-09-2020 | 2020-55100563 |
| 31-12-2018 | micro format | 30-08-2019 | 2019-62400062 |
| 31-12-2017 | micro format | 31-08-2018 | 2018-57800162 |
| 31-12-2016 | micro format | 29-08-2017 | 2017-51300527 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 146 active companies whose main activity is education (NACE 85409), figures are known for 15. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.