Equity
GLOCOLEARNING has made a profit in every financial year since 2022.
GLOCOLEARNING has made a profit in every financial year since 2022.
The accounts state no turnover.
Short-term debts rose from €86,838 to €87,753.
The 2024 accounts came 61 days late. The other three were filed on time.
The dashed line is the sector median: 0.1% across 2,947 companies (NACE 63, micro).
About 1 in 1,000 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 63, micro). It does better than 36% of them on solvency, 41% on liquidity, 54% on profitability and 80% on growth.
The bankruptcy probability was computed on 09-11-2026 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 very low class on 30-06-2025, 0.1% 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, 39,278 companies had the same profile as GLOCOLEARNING has now. Each dot stands for 99 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of GLOCOLEARNING itself is lower: 0.1% within 12 months. It rests on far more data about GLOCOLEARNING than the profile alone.
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 39,278 companies, not a prediction for GLOCOLEARNING. 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 ample, with a current ratio of 1.89 (1.29 in 2024), above the usual 1.5. Short-term debt is 49.6% and cash 23.6% of total assets. However, 63.7% 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 10 days after the deadline. In the sector (NACE 63), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| GLOCOLEARNING Genk | €176,917 | €39,407 | 36.3% | - |
| JOHIL Genk | €169,522 | €46,632 | 52.2% | - |
| Maxime Lamaire Leuven | €189,595 | €40,370 | 79.5% | - |
| EMBEE Ostend | €158,789 | €39,523 | 15.6% | - |
| O.S.A. Consulting Zoersel | €184,711 | €46,270 | 65.3% | - |
| A Bookish Journey Ninove | €170,041 | €47,895 | 86.5% | - |
| BarDiCa Hasselt | €146,374 | €34,317 | 13.5% | - |
These companies have the same main activity as GLOCOLEARNING: other information service activities (NACE 63920). They are comparable in size and age: total assets between €146,000 and €190,000, founded in 2022.
GLOCOLEARNING files the micro format. That format states no turnover. The gross margin rose from €2,579 in 2022 to €39,407 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €160,000. Estimated: probably between €95,000 and €290,000.
Higher than 34% of 2,301 companies in 2025.
Higher than 45% of 2,198 companies in 2025.
Higher than 47% of 2,232 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
176,917 | 128,676 | 62,579 | 17,437 | |
20 |
- | - | 1,012 | 2,285 | |
21/28 |
11,483 | 16,775 | 22,067 | 6,050 | |
21 |
11,483 | 16,775 | 22,067 | 6,050 | |
29/58 |
165,434 | 111,900 | 39,499 | 9,101 | |
40/41 |
123,707 | 111,900 | 39,499 | 6,694 | |
40 |
109,131 | 100,982 | 31,903 | 4,779 | |
41 |
14,576 | 10,919 | 7,597 | 1,915 | |
54/58 |
41,727 | - | - | 2,407 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
176,917 | 128,676 | 62,579 | 17,437 | |
10/15 |
64,165 | 41,838 | 21,416 | 6,915 | |
10/11 |
5,000 | 5,000 | 5,000 | 5,000 | |
13 |
59,165 | 36,838 | 16,416 | 1,915 | |
133 |
59,165 | 36,838 | 16,416 | 1,915 | |
17/49 |
112,753 | 86,838 | 41,162 | 10,522 | |
42/48 |
87,753 | 86,838 | 41,162 | 10,522 | |
42 |
- | 5,175 | 3,240 | - | |
44 |
70,675 | 52,778 | 8,679 | 437 | |
440/4 |
70,675 | 52,778 | 8,679 | 437 | |
45 |
14,829 | 9,027 | 3,385 | 85 | |
450/3 |
14,829 | 9,027 | 3,385 | 85 | |
47/48 |
2,249 | 19,858 | 25,858 | 10,000 | |
492/3 |
25,000 | - | - | - | |
| Income statement | |||||
9900 |
39,407 | 35,024 | 25,687 | 2,579 | |
62 |
265 | - | - | - | |
630 |
5,292 | 6,304 | 5,416 | 512 | |
640/8 |
124 | - | 300 | - | |
9901 |
33,726 | 28,720 | 19,970 | 2,068 | |
65/66B |
2,314 | 2,572 | 2,168 | 68 | |
65 |
2,314 | 2,572 | 2,168 | 68 | |
9903 |
31,412 | 26,148 | 17,802 | 1,999 | |
67/77 |
9,086 | 5,727 | 3,300 | 85 | |
9904 |
22,327 | 20,421 | 14,502 | 1,915 | |
9905 |
22,327 | 20,421 | 14,502 | 1,915 | |
| Appropriation of the result | |||||
9906 |
22,327 | 20,421 | 14,502 | 1,915 | |
691/2 |
22,327 | 20,421 | 14,502 | 1,915 | |
6921 |
22,327 | 20,421 | 14,502 | 1,915 | |
| Document | |||||
The notes to these accounts have 4 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 23-07-2026.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 39,018 | 35,024 | 25,387 | 2,579 | ||
| 27,619 | 26,725 | 19,918 | 2,426 | ||
| 0 | 1,012 | 20,160 | 6,300 | ||
| 77,681 | 25,063 | -1,663 | -1,421 | ||
| 36.3% | 32.5% | 34.2% | 39.7% | ||
| 1.89 | 1.29 | 0.96 | 0.86 | ||
| 1.76 | 2.08 | 1.92 | 1.52 | ||
| 34.8% | 48.8% | 67.7% | 27.7% | ||
| 12.6% | 15.9% | 23.2% | 11.0% | ||
| 16.86 | 13.62 | 11.71 | 37.73 |
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 |
|---|---|---|---|---|
| Intangible fixed assets | - | - | €20,160 | €6,300 |
| €5,292 | €6,304 | €5,416 | €512 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 17% higher than in 2024 and the highest since 2022. It is the third rise in a row.
Debt's share of the balance-sheet total falls from 67.5% to 63.7%. Equity and debt are higher.
GLOCOLEARNING has no parent and no holdings in its annual accounts. REMANS Roseline Johanna Margareta is the only director. GLOCOLEARNING shares no director with another company.
| LKO -LMC
establishment since 09-11-1992 · founded in 1992 |
58 FTE (2025) 0448.579.666 |
| DOKTER JORISSEN
establishment since 27-04-1996 · founded in 1996 |
total assets €5.9m (2025) 0457.660.450 |
| VERE
registered office since 26-01-1987 · founded in 1986 |
total assets €4.6m (2025) 0430.067.217 |
| DRS. REMANS REUMATOLOGIE
registered office since 01-10-2014 · founded in 2010 |
total assets €1.6m (2025) 0822.082.423 |
| MEDISCH CENTRUM GENK
registered office since 21-08-1987 · founded in 1987 |
13 FTE (2025) 0431.775.110 |
| Boelhouwers Reumatologie
registered office since 09-10-2023 · founded in 2023 |
total assets €252,604 (2025) 1000.932.310 |
| Quireum
establishment since 12-11-2025 |
founded in 2025 1030.287.577 |
| Cypers, Heleen (sole trader)
establishment since 05-11-2018 |
founded in 2018 0711.830.738 |
| MAATSCHAP MARJAN
registered office since 27-10-2009 |
founded in 2009 0724.990.173 |
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
GLOCOLEARNING was incorporated on 16 August 2022 as a private limited company by one natural person, with a starting capital of €5,000.12 Since 2022, REMANS Roseline Johanna Margareta has served as director.3 Total assets rose from €17,437 in 2022 to €176,917 in 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| Weg naar As 123 registered office 3600 Genk | 16-08-2022 | 2.334.296.684 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 71016I1478/00E003 | 2,834 m² | 1 · 921 m² | 15.0 m · 1 |
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