HUMANIX
ActiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 92 days after the deadline Filed on 31 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00597891.
Annual accounts 2025 filed on 31-10-2026 at the NBB all 18 filings
Turnover
€174,281▲ 10.4%
2018 · €157,859
EBIT margin
23.6%▲ 16.9pp
2018 · 6.7%
Net result
€5,395▲ 50.2%
2024 · €3,592
Working capital
€131,785▼ 0.9%
2024 · €133,022
In the rankings
#9 company by equity in Wavre, Education sector
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
€9,931
▼ 12.9%
2025
20182025
Net result
€5,395
▲ 50.2%
2025
middle half of the sector
20182025
EBIT margin
no figure
2025
20182025
Equity
€368,272
▲ 1.5%
2025
middle half of the sector
20182025
Total assets
€456,710
▼ 3.6%
2025
middle half of the sector
20182025
Debt
€88,438
▼ 20.2%
2025
20182025
Working capital
€131,785
▼ 0.9%
2025
middle half of the sector
20182025
Solvency
80.6%
▲ 4.0pp
2025
highest quarter of the sector
20182025
Current ratio
4.63
▲ 0.87
2025
middle half of the sector
20182025
Return on assets (ROA)
1.2%
▲ 0.4pp
2025
middle half of the sector
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€157,859-€174,281▲ 10.4%
Operating result€10,500-€41,097▲ 291%€89,651▲ 118%€18,894▼ 78.9%-€7,621€72,217€11,397▼ 84.2%€9,931▼ 12.9%
Net result€5,247-€22,905▲ 337%€63,831within the sector's middle half▲ 179%€9,714within the sector's middle half▼ 84.8%-€9,375below the sector's middle half€51,689within the sector's middle half€3,592within the sector's middle half▼ 93.1%€5,395within the sector's middle half▲ 50.2%
EBIT margin6.7%-23.6%▲ 16.9pp
Equity€220,522-€243,427▲ 10.4%€307,258within the sector's middle half▲ 26.2%€316,971within the sector's middle half▲ 3.2%€307,596within the sector's middle half▼ 3.0%€359,285within the sector's middle half▲ 16.8%€362,877above the sector's middle half▲ 1.0%€368,272within the sector's middle half▲ 1.5%
Total assets€377,419-€393,236▲ 4.2%€453,558within the sector's middle half▲ 15.3%€463,653within the sector's middle half▲ 2.2%€428,459below the sector's middle half▼ 7.6%€481,028within the sector's middle half▲ 12.3%€473,667above the sector's middle half▼ 1.5%€456,710within the sector's middle half▼ 3.6%
Debt€156,897-€149,809▼ 4.5%€146,300▼ 2.3%€146,682▲ 0.3%€120,863▼ 17.6%€121,743▲ 0.7%€110,789▼ 9.0%€88,438▼ 20.2%
Working capital€88,953-€98,304▲ 10.5%€126,699within the sector's middle half▲ 28.9%€127,327within the sector's middle half▲ 0.5%€105,233within the sector's middle half▼ 17.4%€166,175within the sector's middle half▲ 57.9%€133,022above the sector's middle half▼ 20.0%€131,785within the sector's middle half▼ 0.9%
Solvency58.4%-61.9%▲ 3.5pp67.7%within the sector's middle half▲ 5.8pp68.4%within the sector's middle half▲ 0.6pp71.8%within the sector's middle half▲ 3.4pp74.7%above the sector's middle half▲ 2.9pp76.6%above the sector's middle half▲ 1.9pp80.6%above the sector's middle half▲ 4.0pp
Current ratio4.14-4.11▼ 0.034.28within the sector's middle half▲ 0.173.56within the sector's middle half▼ 0.724.02within the sector's middle half▲ 0.464.55within the sector's middle half▲ 0.533.77within the sector's middle half▼ 0.784.63within the sector's middle half▲ 0.87
Return on assets (ROA)1.4%-5.8%▲ 4.4pp14.1%above the sector's middle half▲ 8.2pp2.1%within the sector's middle half▼ 12.0pp-2.2%below the sector's middle half▼ 4.3pp10.7%above the sector's middle half▲ 12.9pp0.8%within the sector's middle half▼ 10.0pp1.2%within the sector's middle half▲ 0.4pp
Staff (FTE)1below the sector's middle half
above
within
below
The sector band is the middle half of the companies in Education (NACE 85). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 13% lower than in 2024. It is the second fall in a row.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €456,710
Fixed assets
€288,660 ▼ 1.3%
Current assets
€168,050 ▼ 7.2%
Equity and liabilities €456,710
Equity
€368,272 ▲ 1.5%
Debt
€88,438 ▼ 20.2%
Debt's share of the balance-sheet total falls from 23.4% to 19.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30,666▼
2024 · €35,799
Cash flow
€26,130▼
2024 · €27,994
Debt to equity
0.24▼
2024 · 0.31
ROE
1.5%▲
2024 · 1.0%
Interest coverage
20.10▲
2024 · 18.23
Debt ≤ 1 year
€36,265▼
2024 · €48,076
Debt > 1 year
€52,173▼
2024 · €62,713
Income taxes
€3,451▼
2024 · €5,842
Supplier credit
14 days▲
2024 · 1 day
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2022 |
|---|---|
| Employees at the balance-sheet date | 1 |
| full-time | 1 |
| in full-time equivalents | 1 |
| Average over the year, in full-time equivalents | 1 |
| On a permanent contract | 1 |
| Joined | 2 |
| Left | 1 |
Source: social balance sheet in the 2022 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €26,655 | €16,308 | - | €48,904 | €16,827 |
| Financial fixed assets | - | €180 | - | - | - |
| Depreciation and write-downs of the year | €14,272 | €14,675 | €20,350 | €24,402 | €20,735 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €157,859 | €174,281 | - | - | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €175,454 | €173,156 | €192,514 | €183,160 | €199,276 | ▲ 8.8% |
| Remuneration, social security and pensions62 | - | - | - | - | €40,505 | €25,538 | €21 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,153 | €8,446 | €11,607 | €14,272 | €14,675 | €20,350 | €24,402 | €20,735 | ▼ 15.0% |
| Other operating charges640/8 | - | - | - | €2,410 | €3,649 | €2,878 | €3,018 | €3,627 | ▲ 20.2% |
| Gross operating margin9900 | €25,924 | €51,404 | €103,450 | €35,576 | €51,208 | €120,983 | €38,838 | €34,294 | ▼ 11.7% |
| Operating profit (loss)9901 | €10,500 | €41,097 | €89,651 | €18,894 | -€7,621 | €72,217 | €11,397 | €9,931 | ▼ 12.9% |
| Financial income75/76B | - | - | - | - | €707 | - | - | €440 | - |
| Recurring financial income75 | €1,187 | €296 | €30 | - | €707 | - | - | €440 | - |
| Non-recurring financial income76B | - | - | - | - | €707 | - | - | - | - |
| Financial charges65/66B | - | - | - | €2,358 | €2,223 | €4,111 | €1,964 | €1,525 | ▼ 22.3% |
| Recurring financial charges65 | €2,948 | €3,489 | €2,794 | €2,358 | €2,223 | €4,111 | €1,964 | €1,525 | ▼ 22.3% |
| Profit (loss) for the period before taxes9903 | €8,739 | €37,904 | €86,887 | €16,536 | -€9,137 | €68,106 | €9,434 | €8,846 | ▼ 6.2% |
| Income taxes67/77 | €3,492 | €14,999 | €23,056 | €6,822 | €238 | €16,416 | €5,842 | €3,451 | ▼ 40.9% |
| Profit (loss) for the period9904 | €5,247 | €22,905 | €63,831 | €9,714 | -€9,375 | €51,689 | €3,592 | €5,395 | ▲ 50.2% |
| Profit (loss) for the period to be appropriated9905 | €5,247 | €22,905 | €63,831 | €9,714 | -€9,375 | €51,689 | €3,592 | €5,395 | ▲ 50.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €377,419 | €393,236 | €453,558 | €463,653 | €428,459 | €481,028 | €473,667 | €456,710 | ▼ 3.6% |
| Fixed assets21/28 | €260,126 | €263,360 | €288,264 | €286,602 | €288,416 | €268,066 | €292,568 | €288,660 | ▼ 1.3% |
| Tangible fixed assets22/27 | €260,126 | €263,360 | €288,264 | €286,602 | €288,236 | €267,886 | €292,388 | €288,480 | ▼ 1.3% |
| Land and buildings22 | - | - | - | €239,273 | €232,485 | €225,697 | €218,909 | €212,121 | ▼ 3.1% |
| Furniture and vehicles24 | - | - | - | - | €14,501 | €7,019 | €2,153 | €1,936 | ▼ 10.1% |
| Other tangible fixed assets26 | - | - | - | €47,330 | €41,250 | €35,169 | €71,326 | €74,423 | ▲ 4.3% |
| Financial fixed assets28 | - | - | - | - | €180 | €180 | €180 | €180 | = |
| Current assets29/58 | €117,293 | €129,876 | €165,294 | €177,050 | €140,044 | €212,963 | €181,098 | €168,050 | ▼ 7.2% |
| Amounts receivable within one year40/41 | €59,842 | €39,560 | €9,891 | €57,512 | €40,795 | €49,964 | €48,857 | €37,226 | ▼ 23.8% |
| Trade receivables40 | - | - | - | €57,105 | €40,795 | €49,964 | €48,857 | €30,677 | ▼ 37.2% |
| Other amounts receivable41 | - | - | - | €407 | - | - | - | €6,549 | - |
| Cash at bank and in hand54/58 | €57,451 | €90,316 | €155,402 | €119,539 | €99,249 | €162,999 | €132,241 | €130,824 | ▼ 1.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €377,419 | €393,236 | €453,558 | €463,653 | €428,459 | €481,028 | €473,667 | €456,710 | ▼ 3.6% |
| Equity10/15 | €220,522 | €243,427 | €307,258 | €316,971 | €307,596 | €359,285 | €362,877 | €368,272 | ▲ 1.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | €18,600 | €18,600 | €18,600 | - | - |
| Issued capital100 | - | - | - | €18,600 | €18,600 | €18,600 | €18,600 | - | - |
| Contributions outside capital11 | - | - | - | - | - | - | - | €18,600 | - |
| Other1109/19 | - | - | - | - | - | - | - | €18,600 | - |
| Reserves13 | €9,372 | €9,372 | €9,372 | €9,372 | €9,372 | €9,372 | €9,372 | €9,372 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | - | - | €1,860 | - |
| Tax-exempt reserves132 | - | - | - | €7,512 | €7,512 | €7,512 | €7,512 | €7,512 | = |
| Profit (loss) carried forward14 | €192,550 | €215,455 | €279,286 | €289,000 | €279,624 | €331,314 | €334,906 | €340,301 | ▲ 1.6% |
| Amounts payable17/49 | €156,897 | €149,809 | €146,300 | €146,682 | €120,863 | €121,743 | €110,789 | €88,438 | ▼ 20.2% |
| Amounts payable after more than one year17 | €128,557 | €118,237 | €107,705 | €96,958 | €86,053 | €74,955 | €62,713 | €52,173 | ▼ 16.8% |
| Financial debts170/4 | - | - | - | €96,958 | €86,053 | €74,955 | €62,713 | €52,173 | ▼ 16.8% |
| Amounts payable within one year42/48 | €28,340 | €31,572 | €38,595 | €49,724 | €34,811 | €46,788 | €48,076 | €36,265 | ▼ 24.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €10,717 | €10,905 | €11,097 | €12,242 | €11,491 | ▼ 6.1% |
| Trade debts44 | €618 | €7,501 | €467 | €4,519 | €5,022 | €1,222 | €322 | €7,631 | ▲ 24× |
| Suppliers440/4 | - | - | - | €4,519 | €5,022 | €1,222 | €322 | €7,631 | ▲ 24× |
| Taxes, remuneration and social security45 | - | - | - | €33,155 | €18,153 | €31,830 | €31,285 | €10,942 | ▼ 65.0% |
| Taxes450/3 | - | - | - | €33,155 | €14,984 | €31,016 | €27,959 | €10,942 | ▼ 60.9% |
| Remuneration and social security454/9 | - | - | - | - | €3,170 | €814 | €3,326 | - | - |
| Other amounts payable47/48 | - | - | - | €1,332 | €730 | €2,639 | €4,227 | €6,202 | ▲ 46.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,247 | €22,905 | €63,831 | €9,714 | -€9,375 | €51,689 | €3,592 | €5,395 | ▲ 50.2% |
| + Depreciation and write-downs630 | €11,153 | €8,446 | €11,607 | €14,272 | €14,675 | €20,350 | €24,402 | €20,735 | ▼ 15.0% |
| Operating cash flow (approximation) | €16,400 | €31,351 | €75,438 | €23,986 | €5,300 | €72,040 | €27,994 | €26,130 | ▼ 6.7% |
| Investment in fixed assets (approximation) | - | -€11,680 | -€36,511 | -€12,611 | -€16,488 | €0 | -€48,904 | -€16,827 | ▲ 65.6% |
| Change in cash | - | €32,865 | €65,086 | -€35,863 | -€20,290 | €63,750 | -€30,758 | -€1,417 | ▲ 95.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,049 companies had the same profile as HUMANIX has now. Two years later, 95.9% were still going and 0.4% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
95.9%
was still going
3.6%
stopped otherwise
0.4%
went bankrupt
That fits the bankruptcy probability of HUMANIX itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 6,049 companies, not a prediction for HUMANIX. 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.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-10-2026 | 2026-00597891 | |
| 31-12-2024 | micro format | 24-11-2025 | 2025-00572963 | |
| 31-12-2023 | full format | 30-08-2024 | 2024-00403999 | |
| 31-12-2022 | full format | 29-08-2023 | 2023-00383040 | |
| 31-12-2021 | full format | 15-11-2022 | 2022-20520098 | |
| 31-12-2020 | full format | 30-08-2021 | 2021-65800208 | |
| 31-12-2019 | full format | 31-10-2020 | 2020-69600523 | |
| 31-12-2018 | full format | 30-09-2019 | 2019-68600249 | |
| 31-12-2017 | full format | 05-10-2018 | 2018-68800371 | |
| 31-12-2016 | full format | 22-09-2017 | 2017-62800072 |