EDU
ActiveSummary
EDU is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (-€4.6m) and a net result of -€5.2m. Equity is shrinking by ~26.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 2413 sector peers (fiscal year 2025). The company has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 2413 sector peers (2025).
NBB · sector comparisonPosition among 2413 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
26 d late
2023
12 d late
2022
17 d early
2021
31 d late
2020
109 d early
2019
119 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 21 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Equity
-€4.6m
2024 · €641,089
Net result
-€5.2m▼ 504,157%
2024 · -€1,034
Total assets
€5,915▼ 99.9%
2024 · €5.2m
Solvency
-77299.2%▼ 77311.6pp
2024 · 12.4%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€24,002▲ 47.4%-€37,469▼ 56.1%-€5,818▲ 84.5%-€10,186▼ 75.1%-€10,001▲ 1.8%
Net result-€27,517below the sector's middle half▲ 40.1%-€2.5mbelow the sector's middle half▼ 8,898%€3,517within the sector's middle half-€1,034below the sector's middle half-€5.2mbelow the sector's middle half▼ 504,157%
Equity€3.1mwithin the sector's middle half▼ 0.9%€638,606within the sector's middle half▼ 79.5%€642,123within the sector's middle half▲ 0.6%€641,089within the sector's middle half▼ 0.2%-€4.6mbelow the sector's middle half
Total assets€7.5mwithin the sector's middle half▲ 120%€5.1mwithin the sector's middle half▼ 32.2%€5.1mwithin the sector's middle half▲ 1.1%€5.2mwithin the sector's middle half▲ 0.9%€5,915below the sector's middle half▼ 99.9%
Debt€4.3m▲ 1,610%€4.4m▲ 1.8%€4.5m▲ 1.2%€4.5m▲ 1.1%€4.6m▲ 1.2%
Working capital€1.2m▲ 110%€1.2m▲ 1.2%€1.2m▲ 3.8%€1.3m▲ 3.3%-€4.4m
Solvency41.8%within the sector's middle half▼ 50.8pp12.6%below the sector's middle half▼ 29.1pp12.6%below the sector's middle half▼ 0.1pp12.4%below the sector's middle half▼ 0.1pp-77299.2%below the sector's middle half▼ 77311.6pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2022 Net result -8,898% on 2021. The previous fiscal year ran 18 months, this one 12.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10,001 in 2025 against €10,186 in 2024; the loss shrinks.
Key figures and ratios
Debt ≤ 1 year
€4.4m▲
2024 · €159,071
A ratio outside any meaningful range has been withheld (balance sheet total €5,915, equity -€4.6m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating charges60/66A | €24,002 | €37,469 | €5,818 | €10,186 | - | - |
| Services and other goods61 | €22,737 | €37,167 | €5,509 | €7,913 | - | - |
| Other operating charges640/8 | €1,265 | €302 | €309 | €2,273 | €1,118 | ▼ 50.8% |
| Gross operating margin9900 | - | - | - | - | -€8,882 | - |
| Operating profit (loss)9901 | -€24,002 | -€37,469 | -€5,818 | -€10,186 | -€10,001 | ▲ 1.8% |
| Financial income75/76B | €66,765 | €51,406 | €51,550 | €51,550 | €51,550 | = |
| Recurring financial income75 | €66,765 | €51,406 | €51,550 | €51,550 | €51,550 | = |
| Income from financial fixed assets750 | €66,765 | €51,406 | €51,550 | €51,550 | - | - |
| Other financial income752/9 | - | - | €0 | - | - | - |
| Financial charges65/66B | €70,280 | €2.5m | €42,214 | €42,397 | €5.3m | ▲ 12,295% |
| Recurring financial charges65 | €70,280 | €41,674 | €42,214 | €42,397 | €1.5m | ▲ 3,482% |
| Debt charges650 | €53,773 | €41,374 | €41,833 | €41,994 | - | - |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | €16,082 | €0 | - | - | - | - |
| Other financial charges652/9 | €425 | €300 | €381 | €403 | - | - |
| Non-recurring financial charges66B | - | €2.4m | €0 | - | €3.7m | - |
| Profit (loss) for the period before taxes9903 | -€27,517 | -€2.5m | €3,517 | -€1,034 | -€5.2m | ▼ 504,157% |
| Profit (loss) for the period9904 | -€27,517 | -€2.5m | €3,517 | -€1,034 | -€5.2m | ▼ 504,157% |
| Profit (loss) for the period to be appropriated9905 | -€27,517 | -€2.5m | €3,517 | -€1,034 | -€5.2m | ▼ 504,157% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.5m | €5.1m | €5.1m | €5.2m | €5,915 | ▼ 99.9% |
| Fixed assets21/28 | €6.2m | €3.7m | €3.7m | €3.7m | - | - |
| Financial fixed assets28 | €6.2m | €3.7m | €3.7m | €3.7m | - | - |
| Affiliated companies280/1 | €6.2m | €3.7m | €3.7m | €3.7m | - | - |
| Participating interests280 | €2.7m | €300,000 | €300,000 | €300,000 | - | - |
| Amounts receivable281 | €3.4m | €3.4m | €3.4m | €3.4m | - | - |
| Current assets29/58 | €1.3m | €1.3m | €1.4m | €1.4m | €5,915 | ▼ 99.6% |
| Amounts receivable after more than one year29 | €579,355 | €579,355 | €579,355 | €579,355 | - | - |
| Other amounts receivable291 | €579,355 | €579,355 | €579,355 | €579,355 | - | - |
| Stocks and contracts in progress3 | €0 | €0 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €1,368 | €1,368 | €1,368 | €1,887 | €2,391 | ▲ 26.7% |
| Other amounts receivable41 | €1,368 | €1,368 | €1,368 | €1,887 | €2,391 | ▲ 26.7% |
| Current investments50/53 | €623,866 | €623,866 | €623,866 | €623,866 | - | - |
| Own shares50 | €623,866 | €623,866 | €623,866 | €623,866 | - | - |
| Cash at bank and in hand54/58 | €314 | €14 | €5,523 | €1,433 | €3,524 | ▲ 146% |
| Deferred charges and accrued income490/1 | €67,984 | €118,171 | €169,721 | €221,270 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.5m | €5.1m | €5.1m | €5.2m | €5,915 | ▼ 99.9% |
| Equity10/15 | €3.1m | €638,606 | €642,123 | €641,089 | -€4.6m | ▼ 813% |
| Contributions10/11 | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Capital10 | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Issued capital100 | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Reserves13 | €1.5m | €749,575 | €749,575 | €749,575 | €749,575 | = |
| Non-distributable reserves130/1 | €749,575 | €749,575 | €749,575 | €749,575 | €125,709 | ▼ 83.2% |
| Legal reserve130 | €125,709 | €125,709 | €125,709 | €125,709 | €125,709 | = |
| Own shares acquired1312 | €623,866 | €623,866 | €623,866 | €623,866 | - | - |
| Distributable reserves133 | €790,222 | €0 | - | - | €623,866 | - |
| Profit (loss) carried forward14 | - | -€1.7m | -€1.7m | -€1.7m | -€6.9m | ▼ 310% |
| Amounts payable17/49 | €4.3m | €4.4m | €4.5m | €4.5m | €4.6m | ▲ 1.2% |
| Amounts payable after more than one year17 | €4.2m | €4.2m | €4.2m | €4.2m | - | - |
| Financial debts170/4 | €1.5m | €1.5m | €1.5m | €1.5m | - | - |
| Subordinated loans170 | €1.5m | €1.5m | €1.5m | €1.5m | - | - |
| Other amounts payable178/9 | €2.7m | €2.7m | €2.7m | €2.7m | - | - |
| Amounts payable within one year42/48 | €104,094 | €140,344 | €152,054 | €159,071 | €4.4m | ▲ 2,639% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €4.2m | - |
| Trade debts44 | €508 | €9,675 | €6,050 | €17 | €6,856 | ▲ 40,088% |
| Suppliers440/4 | €508 | €9,675 | €6,050 | €17 | €6,856 | ▲ 40,088% |
| Taxes, remuneration and social security45 | - | €3,560 | €0 | - | - | - |
| Taxes450/3 | - | €3,560 | €0 | - | - | - |
| Other amounts payable47/48 | €103,586 | €127,109 | €146,004 | €159,054 | €162,054 | ▲ 1.9% |
| Accrued charges and deferred income492/3 | €53,773 | €95,147 | €136,980 | €178,974 | €221,168 | ▲ 23.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€27,517 | -€2.5m | €3,517 | -€1,034 | -€5.2m | ▼ 504,157% |
| Operating cash flow (approximation) | -€27,517 | -€2.5m | €3,517 | -€1,034 | -€5.2m | ▼ 504,157% |
| Investment in fixed assets (approximation) | - | €2.4m | €0 | €0 | - | - |
| Change in cash | - | -€300 | €5,509 | -€4,091 | €2,092 | ▲ 151% |
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
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet -€5.2m
Net result drops to -€5.2m, the lowest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 26 days late
2024
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 12 days late
2023
31-12
Financial
Back to profitnet €3,517
Net result €3,517 after 4 loss-making years.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2020
14-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
04-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
17-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
21-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 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
13 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, Antwerpen · 1 establishment unit since 1998
Ground area
313 m²
Building footprint
313 m²
Volume, LiDAR
4,897 m³
Parcel 11811L3661/00S000, Flanders · tallest building 22.8 m, ±6 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
EDU
since 19982.086.767.829
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3661/00S000 | Flanders | 313 m² | 1 · 313 m² | 22.8 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 2
-
100%
-
100%
According to the 2025 annual accounts of EDU and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 13,425 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded04-05-1998
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0463281797
Also
9925:BE0463281797
Registered
09-04-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.