EDUFISC
ActiveEDUFISC has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €34k and a net result of €13k. Equity is shrinking by ~15.9% per year across the filed fiscal years. Its solvency ranks better than 62% of 2541 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
100
/ 100
Excellent▲ +7 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency92▼-8
Growth58=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 1.7 against 31.59 in 2023), and 39.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Sector 85
lower
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
60.4%
Return on assets
22.8%
Age of the figures
20 mo
lowers risk · Growing equity
Equity grew over 2022-2024. Profits are largely retained rather than distributed.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €34k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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
not confirmed
2024
71 d late
2023
26 d late
2022
87 d early
2021
18 d early
2020
52 d early
2019
53 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€34k▲ 60.7%
2023 · €21k
2018: €65k
2019: €42k
2020: €26k
2021: €32k
2022: €13k
2023: €21k
2018 → 2024
Total assets
€56k▲ 158%
2023 · €22k
2018: €127k
2019: €71k
2020: €64k
2021: €69k
2022: €44k
2023: €22k
2018 → 2024
Net result
€13k▲ 68.6%
2023 · €8k
2018: €-6k
2019: €-23k
2020: €-16k
2021: €7k
2022: €-18k
2023: €8k
2018 → 2024
Working capital
€15k▼ 26.2%
2023 · €21k
2018: €57k
2019: €16k
2020: €7k
2021: €19k
2022: €-7k
2023: €21k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€26k-€32k▲ 19.7%€13k▼ 57.6%€21k▲ 56.3%€34k▲ 60.7%
Operating result€-15k-€9k€-18k€7k€18k▲ 139%
Net result€-16k-€7k€-18k€8k€13k▲ 68.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 139% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €56k
Fixed assets
€18k
Current assets
€38k
Equity and liabilities €56k
Equity
€34k▲ 60.7%
Debt
€22k▲ 3,127%
The debt ratio rises from 3.2% to 39.6%: debt grows faster than equity.
Key figures and ratios
EBITDA
€21k
Cash flow
€16k
Solvency
60.4%▼
2023 · 96.8%
Current ratio
1.70▼
2023 · 31.59
Quick ratio
1.70▼
2023 · 31.59
Debt / equity
0.66▲
2023 · 0.03
ROE
37.8%▲
2023 · 36.0%
ROA
22.8%▼
2023 · 34.9%
Interest coverage
275.13
Debt
€22k▲
2023 · €686
Debt ≤ 1 year
€22k▲
2023 · €686
Income taxes
€5k▲
2023 · €66
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€22k€56k▲
Fixed assets21/28-€18k
Tangible fixed assets22/27-€18k
Furniture and vehicles24-€18k
Current assets29/58€22k€38k▲
Amounts receivable within one year40/41€20k€27k▲
Trade receivables40-€5k
Other amounts receivable41€20k€22k▲
Cash at bank and in hand54/58€2k€11k▲
Equity and liabilities
Total equity and liabilities10/49€22k€56k▲
Equity10/15€21k€34k▲
Contributions10/11€6k€6k=
Reserves13€14k€14k=
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€12k€14k▲
Profit (loss) carried forward14€557€13k▲
Amounts payable17/49€686€22k▲
Amounts payable within one year42/48€686€22k▲
Trade debts44-€665
Suppliers440/4-€665
Taxes, remuneration and social security45€66€5k▲
Taxes450/3€66€5k▲
Other amounts payable47/48€620€16k▲
Income statement
Code20232024
Non-recurring operating income76A€12k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€4k
Other operating charges640/8€742€2k▲
Non-recurring operating charges66A€10k-
Gross operating margin9900€18k€23k▲
Operating profit (loss)9901€7k€18k▲
Financial income75/76B€281€14▼
Recurring financial income75€281€14▼
Financial charges65/66B€12€77▲
Recurring financial charges65€12€77▲
Profit (loss) for the period before taxes9903€8k€17k▲
Income taxes67/77€66€5k▲
Profit (loss) for the period9904€8k€13k▲
Profit (loss) for the period to be appropriated9905€8k€13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€557€13k▲
Profit (loss) brought forward from the previous period14P€-7k€557▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
2024
31-12
Financial
Highest result since 2018net €13k ▲68.6%
Operating result €18k, net result €13k, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
31-12
Financial
Liquidity times 42current ratio 31.59
Current ratio from 0.75 to 31.59; short-term debt falls from €28k to €686.
05-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €7k
Net result €7k after 3 loss-making years.
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-23k
Net result drops to €-23k, the lowest in the series; recovery starts the following year.
24-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
03-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
28-12-2023
Ludo ROGGE: Resigned as Manager
28-12-2023
Sabine DEMESURE: Resigned as Manager
Location & real-estate footprint
Registered office, Merelbeke-Melle · 1 establishment unit since 2005
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hundelgemsesteenweg 2309820 Merelbeke-MelleGround area
699 m²
Building footprint
353 m²
Volume, LiDAR
2,004 m³
2 parcels, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
R.L.S.
since 20052.145.264.371
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44043A0121/00R004 | Flanders | 352 m² | 1 · 240 m² | 10.0 m · 2 fl. |
| 44412B0279/00R000 | Flanders | 347 m² | 1 · 113 m² | 9.9 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
WIDOK
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Meug
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SKILLSET
BE 1002.370.383
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HOT YOGA
BE 0807.330.208
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SPEELMAKERS
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Gent · Eq €34k
Of 11,643 companies in sector 85599 we hold annual accounts for 1,319. 981 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-12-2004
Fiscal year end31-12
Activities, NACEBEL
85599Other education
69201Accountants
69209Other tax advisory services
70200Business and other management consultancy
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.