EDUCARTI
ActiveSummary
EDUCARTI has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €185,749 and a net result of -€8,646. Equity remains stable across the filed fiscal years (±1.5% per year). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability47▼-20
Solvency91▲+6
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.79 in 2024; short-term debt: 10% and cash: 12.1% of total assets), and 34.1% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 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
17 d late
2024
27 d late
2023
26 d early
2022
12 d early
2021
11 d late
2020
25 d late
2019
12 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 8 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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. Usually files around 11 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€185,749▼ 4.4%
2024 · €194,394
Total assets
€281,903▼ 12.7%
2024 · €322,986
Net result
-€8,646
2024 · €2,060
Working capital
€6,275▼ 82.6%
2024 · €36,004
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
Line20212022202320242025
Operating result-€4,465▲ 53.1%-€164▲ 96.3%-€1,987▼ 1,113%€2,685-€7,867
Net result-€3,059▲ 59.5%€399-€2,265€2,060-€8,646
Equity€194,200▼ 1.6%€194,599▲ 0.2%€192,334▼ 1.2%€194,394▲ 1.1%€185,749▼ 4.4%
Total assets€297,396▼ 4.2%€285,669▼ 3.9%€272,973▼ 4.4%€322,986▲ 18.3%€281,903▼ 12.7%
Debt€69,186▼ 10.3%€59,136▼ 14.5%€50,781▼ 14.1%€100,810▲ 98.5%€70,449▼ 30.1%
Working capital€52,651▼ 2.3%€55,097▲ 4.6%€55,121=€36,004▼ 34.7%€6,275▼ 82.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €7,867 after €2,685 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €281,903
Fixed assets
€247,531 ▲ 2.6%
Current assets
€34,372 ▼ 57.9%
Equity and liabilities €281,903
Equity
€185,749 ▼ 4.4%
Provisions
€25,705 ▼ 7.5%
Debt
€70,449 ▼ 30.1%
Debt's share of the balance-sheet total falls from 31.2% to 25.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€10,883▼
2024 · €16,042
Cash flow
€10,104▼
2024 · €15,417
Current ratio
1.22▼
2024 · 1.79
Debt to equity
0.38▼
2024 · 0.52
ROE
-4.7%▼
2024 · 1.1%
ROA
-3.1%▼
2024 · 0.6%
Interest coverage
3.81▼
2024 · 5.70
Debt ≤ 1 year
€28,098▼
2024 · €45,685
Debt > 1 year
€40,599▼
2024 · €55,125
Income taxes
€0▼
2024 · €2,196
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 12,321 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,926 | €12,926 | €12,926 | €13,357 | €18,750 | ▲ 40.4% |
| Other operating charges640/8 | €1,688 | €1,719 | €1,886 | €1,953 | €2,014 | ▲ 3.1% |
| Gross operating margin9900 | €10,149 | €14,481 | €12,825 | €17,995 | €12,897 | ▼ 28.3% |
| Operating profit (loss)9901 | -€4,465 | -€164 | -€1,987 | €2,685 | -€7,867 | ▼ 393% |
| Financial income75/76B | €815 | - | €682 | €2,309 | €0 | ▼ 100% |
| Recurring financial income75 | €815 | - | €682 | €2,309 | €0 | ▼ 100% |
| Financial charges65/66B | €1,485 | €1,220 | €2,412 | €2,815 | €2,855 | ▲ 1.4% |
| Recurring financial charges65 | €1,485 | €1,220 | €2,412 | €2,815 | €2,855 | ▲ 1.4% |
| Profit (loss) for the period before taxes9903 | -€5,136 | -€1,384 | -€3,717 | €2,179 | -€10,722 | ▼ 592% |
| Transfer from deferred taxes780 | €2,076 | €2,076 | €2,076 | €2,076 | €2,076 | = |
| Income taxes67/77 | - | €293 | €624 | €2,196 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€3,059 | €399 | -€2,265 | €2,060 | -€8,646 | ▼ 520% |
| Transfer from tax-exempt reserves789 | €4,030 | €4,030 | €4,030 | €4,030 | €4,030 | = |
| Profit (loss) for the period to be appropriated9905 | €971 | €4,429 | €1,766 | €6,090 | -€4,615 | ▼ 176% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €297,396 | €285,669 | €272,973 | €322,986 | €281,903 | ▼ 12.7% |
| Fixed assets21/28 | €214,521 | €201,595 | €188,669 | €241,296 | €247,531 | ▲ 2.6% |
| Tangible fixed assets22/27 | €213,471 | €200,545 | €187,619 | €240,246 | €246,481 | ▲ 2.6% |
| Land and buildings22 | €213,471 | €200,545 | €187,619 | €240,246 | €246,481 | ▲ 2.6% |
| Financial fixed assets28 | €1,050 | €1,050 | €1,050 | €1,050 | €1,050 | = |
| Current assets29/58 | €82,875 | €84,074 | €84,304 | €81,689 | €34,372 | ▼ 57.9% |
| Amounts receivable within one year40/41 | €82,060 | €815 | - | - | - | - |
| Other amounts receivable41 | €82,060 | €815 | - | - | - | - |
| Current investments50/53 | - | - | €75,000 | - | - | - |
| Cash at bank and in hand54/58 | - | €83,259 | €8,500 | €81,546 | €34,230 | ▼ 58.0% |
| Deferred charges and accrued income490/1 | €815 | - | €804 | €144 | €142 | ▼ 0.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €297,396 | €285,669 | €272,973 | €322,986 | €281,903 | ▼ 12.7% |
| Equity10/15 | €194,200 | €194,599 | €192,334 | €194,394 | €185,749 | ▼ 4.4% |
| Contributions10/11 | €15,617 | €15,617 | €15,617 | €15,617 | €15,617 | = |
| Reserves13 | €178,583 | €178,982 | €176,717 | €178,777 | €170,131 | ▼ 4.8% |
| Non-distributable reserves130/1 | €1,487 | €1,487 | €1,487 | €1,487 | €1,487 | = |
| Reserves not available under the articles1311 | €1,487 | €1,487 | €1,487 | €1,487 | €1,487 | = |
| Tax-exempt reserves132 | €66,083 | €62,053 | €58,022 | €53,992 | €49,962 | ▼ 7.5% |
| Distributable reserves133 | €111,012 | €115,442 | €117,207 | €123,298 | €118,683 | ▼ 3.7% |
| Provisions and deferred taxes16 | €34,010 | €31,934 | €29,857 | €27,781 | €25,705 | ▼ 7.5% |
| Deferred taxes168 | €34,010 | €31,934 | €29,857 | €27,781 | €25,705 | ▼ 7.5% |
| Amounts payable17/49 | €69,186 | €59,136 | €50,781 | €100,810 | €70,449 | ▼ 30.1% |
| Amounts payable after more than one year17 | €38,963 | €30,159 | €21,393 | €55,125 | €40,599 | ▼ 26.4% |
| Financial debts170/4 | €38,963 | €30,159 | €21,393 | €55,125 | €40,599 | ▼ 26.4% |
| Amounts payable within one year42/48 | €30,224 | €28,977 | €29,183 | €45,685 | €28,098 | ▼ 38.5% |
| Current portion of amounts payable after more than one year42 | €8,970 | €8,905 | €8,907 | €13,799 | €14,487 | ▲ 5.0% |
| Financial debts43 | €973 | - | - | - | - | - |
| Credit institutions430/8 | €973 | - | - | - | - | - |
| Trade debts44 | €587 | €86 | €164 | €3,312 | €947 | ▼ 71.4% |
| Suppliers440/4 | €587 | €86 | €164 | €3,312 | €947 | ▼ 71.4% |
| Taxes, remuneration and social security45 | - | €293 | €419 | €1,503 | €0 | ▼ 100% |
| Taxes450/3 | - | €293 | €419 | €1,503 | €0 | ▼ 100% |
| Other amounts payable47/48 | €19,693 | €19,693 | €19,693 | €27,070 | €12,663 | ▼ 53.2% |
| Accrued charges and deferred income492/3 | - | - | €205 | - | €1,752 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,059 | €399 | -€2,265 | €2,060 | -€8,646 | ▼ 520% |
| + Depreciation and write-downs630 | €12,926 | €12,926 | €12,926 | €13,357 | €18,750 | ▲ 40.4% |
| Operating cash flow (approximation) | €9,867 | €13,325 | €10,662 | €15,417 | €10,104 | ▼ 34.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€65,984 | -€24,984 | ▲ 62.1% |
| Change in cash | - | - | -€74,759 | €73,046 | -€47,316 | ▼ 165% |
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
26-08
State Gazette act
RestructuringMerger · Accounting effect · Declaration4 facts ▸
State Gazette act
Restructuring
Merger · Accounting effect · Declaration4 facts ▸
- Merger, met een fusie door overneming gelijkgestelde verrichting, artikelen 12:12 tot 12:23 WVV en artikelen 12:50 tot 12:58 WVV
- Accounting effect, 01-04-2026
- Declaration, no shareholders with special rights and no holders of other securities than shares
- Declaration, no special advantages granted to members of the management bodies of the merging companies
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2025
31-12
Financial
Weakest financial yearnet -€8,646
Net result drops to -€8,646, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Back to profitnet €2,060
Net result €2,060 after one loss-making year.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €399
Net result €399 after 3 loss-making years.
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 1985
Ground area
564 m²
Building footprint
299 m²
Volume, LiDAR
2,047 m³
2 parcels, Flanders · tallest building 15.0 m, ±4 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Hofstraat 345, 9000 Gent
since 19852.027.883.186
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44811L0019/00P013 | Flanders | 462 m² | 1 · 230 m² | 13.5 m · 1 fl. |
| 44804D2718/00M012 | Flanders | 101 m² | 1 · 70 m² | 15.0 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:D.K.M.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded08-08-1985
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
9925:BE0427669535
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.