EVC LEARNING
InactiveFinancials · financial year 2026, micro format
Equity
€108,949▲ 31.7%
2025 · €82,713
Total assets
€131,595▲ 25.5%
2025 · €104,820
Net result
€26,236▼ 13.4%
2025 · €30,297
Working capital
€108,052▲ 32.9%
2025 · €81,326
Trend over the years
2023 to 2026, 4 financial years
The operating result falls in 2026; 2026 is 9% below 2025.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€36,438
2026
Net result€26,236
2026
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€131,595
2026
Equity€108,949
2026
Debt€22,646
2026
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€108,052
2026
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2023202420252026
Operating result€33,563-€30,939▼ 7.8%€39,856▲ 28.8%€36,438▼ 8.6%
Net result€25,071-€22,345▼ 10.9%€30,297▲ 35.6%€26,236▼ 13.4%
Equity€30,071-€52,416▲ 74.3%€82,713▲ 57.8%€108,949▲ 31.7%
Total assets€48,544-€72,215▲ 48.8%€104,820▲ 45.1%€131,595▲ 25.5%
Debt€18,473-€19,799▲ 7.2%€22,108▲ 11.7%€22,646▲ 2.4%
Working capital€27,705-€50,540▲ 82.4%€81,326▲ 60.9%€108,052▲ 32.9%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €131,595
Fixed assets
€897 ▼ 35.3%
Current assets
€130,697 ▲ 26.4%
Equity and liabilities €131,595
Equity
€108,949 ▲ 31.7%
Debt
€22,646 ▲ 2.4%
Debt's share of the balance-sheet total falls from 21.1% to 17.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€36,928▼
2025 · €40,346
Cash flow
€26,726▼
2025 · €30,786
Current ratio
5.77▲
2025 · 4.68
Debt to equity
0.21▼
2025 · 0.27
ROE
24.1%▼
2025 · 36.6%
ROA
19.9%▼
2025 · 28.9%
Interest coverage
over 100
2025 · over 100
Debt ≤ 1 year
€22,646▲
2025 · €22,108
Income taxes
€10,750▼
2025 · €11,502
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €150 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €82 | €490 | €490 | €490 | = |
| Other operating charges640/8 | €541 | €1,382 | €1,416 | €1,530 | ▲ 8.0% |
| Gross operating margin9900 | €34,336 | €32,810 | €41,762 | €38,458 | ▼ 7.9% |
| Operating profit (loss)9901 | €33,563 | €30,939 | €39,856 | €36,438 | ▼ 8.6% |
| Financial income75/76B | €1,006 | €37 | €2,042 | €630 | ▼ 69.1% |
| Recurring financial income75 | €1,006 | €37 | €2,042 | €630 | ▼ 69.1% |
| Financial charges65/66B | €51 | €58 | €99 | €82 | ▼ 17.4% |
| Recurring financial charges65 | €51 | €58 | €99 | €82 | ▼ 17.4% |
| Profit (loss) for the period before taxes9903 | €34,518 | €30,918 | €41,798 | €36,986 | ▼ 11.5% |
| Income taxes67/77 | €9,447 | €8,572 | €11,502 | €10,750 | ▼ 6.5% |
| Profit (loss) for the period9904 | €25,071 | €22,345 | €30,297 | €26,236 | ▼ 13.4% |
| Profit (loss) for the period to be appropriated9905 | €25,071 | €22,345 | €30,297 | €26,236 | ▼ 13.4% |
| Line | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €48,544 | €72,215 | €104,820 | €131,595 | ▲ 25.5% |
| Fixed assets21/28 | €2,366 | €1,876 | €1,387 | €897 | ▼ 35.3% |
| Tangible fixed assets22/27 | €2,366 | €1,876 | €1,387 | €897 | ▼ 35.3% |
| Plant, machinery and equipment23 | €2,366 | €1,876 | €1,387 | €897 | ▼ 35.3% |
| Current assets29/58 | €46,179 | €70,339 | €103,434 | €130,697 | ▲ 26.4% |
| Amounts receivable within one year40/41 | €8,780 | €7,363 | €8,486 | €5,887 | ▼ 30.6% |
| Trade receivables40 | €8,780 | €7,363 | €8,486 | €5,873 | ▼ 30.8% |
| Other amounts receivable41 | - | - | - | €14 | - |
| Current investments50/53 | - | - | €30,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €35,641 | €61,177 | €63,092 | €124,663 | ▲ 97.6% |
| Deferred charges and accrued income490/1 | €1,758 | €1,800 | €1,855 | €147 | ▼ 92.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €48,544 | €72,215 | €104,820 | €131,595 | ▲ 25.5% |
| Equity10/15 | €30,071 | €52,416 | €82,713 | €108,949 | ▲ 31.7% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €25,000 | €47,000 | €77,000 | €103,000 | ▲ 33.8% |
| Distributable reserves133 | €25,000 | €47,000 | €77,000 | €103,000 | ▲ 33.8% |
| Profit (loss) carried forward14 | €71 | €416 | €713 | €949 | ▲ 33.1% |
| Amounts payable17/49 | €18,473 | €19,799 | €22,108 | €22,646 | ▲ 2.4% |
| Amounts payable within one year42/48 | €18,473 | €19,799 | €22,108 | €22,646 | ▲ 2.4% |
| Trade debts44 | - | €1,141 | €0 | - | - |
| Suppliers440/4 | - | €1,141 | €0 | - | - |
| Taxes, remuneration and social security45 | €12,551 | €11,870 | €14,935 | €14,660 | ▼ 1.8% |
| Taxes450/3 | €12,551 | €11,870 | €14,935 | €14,660 | ▼ 1.8% |
| Other amounts payable47/48 | €5,923 | €6,788 | €7,173 | €7,985 | ▲ 11.3% |
| Line | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,071 | €22,345 | €30,297 | €26,236 | ▼ 13.4% |
| + Depreciation and write-downs630 | €82 | €490 | €490 | €490 | = |
| Operating cash flow (approximation) | €25,153 | €22,835 | €30,786 | €26,726 | ▼ 13.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | €25,536 | €1,916 | €61,571 | ▲ 3,114% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (4)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2026 | micro format | 17-07-2026 | 2026-00308595 |
| 31-03-2025 | micro format | 29-08-2025 | 2025-00449098 |
| 31-03-2024 | micro format | 05-07-2024 | 2024-00242502 |
| 31-03-2023 | micro format | 15-09-2023 | 2023-00447385 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.