Losses
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
A confirmed filing finding caps the score at 59.
The dashed line is the sector median: 0.2% across 5,430 companies (NACE 74, micro).
About 2 in 100 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 74, micro). It does better than 33% of them on solvency, 8% on liquidity, 7% on profitability and 18% on growth.
The bankruptcy probability was computed on 05-11-2026 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 moderate class on 30-06-2025, 2.4% 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, 1,207 companies had the same profile as EDU-COM has now. Each dot stands for 4 companies, two years later.
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of EDU-COM itself: 1.6% within 12 months.
The method was tested on the 497,447 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 1,207 companies, not a prediction for EDU-COM. 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 tight, with a current ratio of 1.16 (1.37 in 2024), below the usual 1.5. Short-term debt is 73.2% and cash 0.4% of total assets. 73.2% of the assets are financed with debt and provisions.
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 61 days after the deadline. In the sector (NACE 74), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| EDU-COM La Louvière | €21,584 | €844 | 26.8% | - |
| SFdT GROUP Waregem | €28,046 | -€278 | -178.9% | - |
| Atelier Billiet Bruges | €27,986 | -€7,968 | -31.6% | - |
| Foldboys Schilde | €18,771 | -€9,805 | -183.1% | - |
| HORSE-INFINITY Tournai | €14,678 | -€18,656 | -161.0% | - |
| Rutz Antwerp | €14,532 | €2,006 | 71.9% | - |
| Charoliv Antwerp | €29,246 | -€33,617 | -115.9% | - |
These companies have the same main activity as EDU-COM: design of textile patterns, clothing, jewellery, furniture and decorative items (NACE 74111). They are comparable in size and age: total assets between €14,500 and €29,200, founded between 2021 and 2024.
EDU-COM files the micro format. That format states no turnover. The gross margin fell from €8,480 in 2022 to €844 in 2025.
In December 2022, the Official Gazette published the appointment of FERRO Odilia as managing director.
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 ≈ €5,100. Estimated: probably between €2,500 and €9,900.
Higher than 31% of 4,354 companies in 2025.
Higher than 30% of 4,186 companies in 2025.
Higher than 13% of 4,216 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
21,584 | 22,035 | 28,160 | 18,496 | |
21/28 |
3,283 | 4,310 | 7,091 | 7,287 | |
22/27 |
3,283 | 4,310 | 7,091 | 7,287 | |
23 |
733 | 1,090 | 1,448 | - | |
24 |
2,550 | 3,220 | 5,643 | 7,287 | |
29/58 |
18,301 | 17,725 | 21,069 | 11,209 | |
40/41 |
12,444 | 8,380 | 7,246 | 8,625 | |
40 |
12,371 | 7,986 | 5,445 | 8,625 | |
41 |
73 | 394 | 1,801 | - | |
54/58 |
77 | 1,759 | 3,242 | 2,584 | |
490/1 |
5,780 | 7,586 | 10,581 | - | |
| Balance sheet: equity and liabilities | |||||
10/49 |
21,584 | 22,035 | 28,160 | 18,496 | |
10/15 |
5,779 | 9,052 | 13,639 | 7,816 | |
10/11 |
1,500 | 1,500 | 1,500 | 1,500 | |
13 |
4,279 | 7,552 | 12,139 | 6,316 | |
133 |
4,279 | 7,552 | 12,139 | 6,316 | |
17/49 |
15,805 | 12,983 | 14,521 | 10,680 | |
42/48 |
15,805 | 12,983 | 14,521 | 10,680 | |
44 |
13,200 | 9,065 | 7,351 | 7,362 | |
440/4 |
13,200 | 9,065 | 7,351 | 7,362 | |
45 |
2,605 | 3,471 | 5,890 | 3,098 | |
450/3 |
2,605 | 3,471 | 5,890 | 3,098 | |
47/48 |
- | 447 | 1,280 | 220 | |
| Income statement | |||||
9900 |
844 | 1,632 | 13,765 | 8,480 | |
630 |
1,845 | 2,781 | 2,646 | 59 | |
640/8 |
921 | 2,223 | 1,408 | - | |
9901 |
-1,922 | -3,372 | 9,711 | 8,421 | |
75/76B |
1 | - | - | - | |
75 |
1 | - | - | - | |
65/66B |
188 | 193 | 212 | - | |
65 |
158 | 193 | 40 | - | |
66B |
30 | - | 172 | - | |
9903 |
-2,109 | -3,565 | 9,499 | 8,421 | |
67/77 |
1,165 | 1,021 | 3,676 | 2,105 | |
9904 |
-3,273 | -4,587 | 5,823 | 6,316 | |
9905 |
-3,273 | -4,587 | 5,823 | 6,316 | |
| Appropriation of the result | |||||
9906 |
-3,273 | -4,587 | 5,823 | 6,316 | |
791/2 |
3,273 | 4,587 | - | - | |
691/2 |
- | - | 5,823 | 6,316 | |
6921 |
- | - | 5,823 | 6,316 | |
| Document | |||||
The notes to these accounts have 5 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 31-10-2026.
2025 annual accounts filed 92 days after the deadline. Filed on 31 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00601545.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| -77 | -592 | 12,357 | 8,480 | ||
| -1,429 | -1,806 | 8,469 | 6,374 | ||
| 817 | 0 | 2,449 | 7,346 | ||
| -1,682 | -1,483 | 658 | - | ||
| 2,496 | 4,742 | 6,548 | 528 | ||
| 26.8% | 41.1% | 48.4% | 42.3% | ||
| 1.16 | 1.37 | 1.45 | 1.05 | ||
| 2.73 | 1.43 | 1.06 | 1.37 | ||
| -56.6% | -50.7% | 42.7% | 80.8% | ||
| -15.2% | -20.8% | 20.7% | 34.1% | ||
| -0.49 | -3.07 | over 100 | - |
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 | €817 | - | €2,449 | €7,346 |
| €1,845 | €2,781 | €2,646 | €59 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €1,922, smaller than the loss of €3,372 in 2024.
Debt's share of the balance-sheet total rises from 58.9% to 73.2%. Equity is lower and debt is higher.
EDU-COM has no parent and no holdings in its annual accounts. EDU-COM 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
| Establishment | Since | Unit number |
|---|---|---|
| Rue du Parc (L.L) 47 registered office 7100 La Louvière 18130 Pre-press and pre-media services | 08-12-2022 | 2.338.981.685 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 55022A0470/00Z052 | 909 m² | 1 · 188 m² | 14.9 m · 4 |
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