EDUETHICS
ActiveSummary
EDUETHICS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€115,389) and a net result of €1,003. The computed 12-month bankruptcy probability is 0.1% (very low).
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Signals
This company filed its last 2 accounts on average 14 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 (1)
History
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Financials · fiscal year 2024, micro schema
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Peer companies
Historical observationOf the 1,379 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit under 5% of the balance sheet
A further 0.1% 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 497,340 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 1,379 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.
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Turnover70 | - | €32,000 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €31,458 | - |
| Remuneration, social security and pensions62 | €52,116 | -€23 | ▼ 100% |
| Gross operating margin9900 | €19,794 | €1,142 | ▼ 94.2% |
| Operating profit (loss)9901 | -€32,322 | €1,165 | ▲ 104% |
| Financial charges65/66B | €161 | €162 | ▲ 0.4% |
| Recurring financial charges65 | €161 | €162 | ▲ 0.4% |
| Profit (loss) for the period before taxes9903 | -€32,483 | €1,003 | ▲ 103% |
| Profit (loss) for the period9904 | -€32,483 | €1,003 | ▲ 103% |
| Profit (loss) for the period to be appropriated9905 | -€32,483 | €1,003 | ▲ 103% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €20,785 | €33,930 | ▲ 63.2% |
| Current assets29/58 | €20,785 | €33,930 | ▲ 63.2% |
| Amounts receivable after more than one year29 | - | €29,400 | - |
| Other amounts receivable291 | - | €29,400 | - |
| Amounts receivable within one year40/41 | €15,000 | €214 | ▼ 98.6% |
| Other amounts receivable41 | €15,000 | €214 | ▼ 98.6% |
| Cash at bank and in hand54/58 | €5,785 | €4,317 | ▼ 25.4% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €20,785 | €33,930 | ▲ 63.2% |
| Equity10/15 | -€116,392 | -€115,389 | ▲ 0.9% |
| Profit (loss) carried forward14 | -€116,392 | -€115,389 | ▲ 0.9% |
| Amounts payable17/49 | €137,177 | €149,319 | ▲ 8.9% |
| Amounts payable after more than one year17 | - | €59,096 | - |
| Trade debts175 | - | €59,096 | - |
| Amounts payable within one year42/48 | €137,177 | €90,223 | ▼ 34.2% |
| Trade debts44 | €1,200 | - | - |
| Suppliers440/4 | €1,200 | - | - |
| Taxes, remuneration and social security45 | €8,554 | - | - |
| Taxes450/3 | €8,554 | - | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€32,483 | €1,003 | ▲ 103% |
| Operating cash flow (approximation) | -€32,483 | €1,003 | ▲ 103% |
| Change in cash | - | -€1,468 | - |
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
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25089A0225/00A002 | Wallonia | 767 m² | 1 · 215 m² | - |
Linked by address, not proof of ownership
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.