Ic Learning
ActiveSummary
Ic Learning has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €102,508 and a net result of €21,963. Equity remains stable across the filed financial years (±1.2% per year). Its solvency ranks better than 68% of 8,541 sector peers (NACE 73, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €102,508
- Profit
- €21,963
Why 95lowers riskLiquidity: current ratio 3.52, cash €102,575Equity €102,508 (72.1% of total assets)Sector: Advertising, market research and public relations activities (NACE 73)Size: total assets €142,108Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 73, micro): better than 70% on solvency, 82% on liquidity, 65% on profitability and 38% on growth.
The bankruptcy probability was computed on 26-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 3 days after the deadline; the sector median (NACE 73) for financial year 2024 is 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Weakest financial yearnet €8,782 ▼65.6%
Financials · financial year 2025, micro format
2025 annual accounts filed late (7 days) Filed on 7 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00399265.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 158% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 73, Advertising, market research and public relations activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 34,693 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 34,693 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €3,653 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €513 | - | €311 | €156 | €840 | ▲ 440% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €433 | €433 | €508 | €605 | €759 | €953 | €1,118 | €1,274 | ▲ 14.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €819 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €294 | €647 | €219 | €399 | €199 | ▼ 50.2% |
| Gross operating margin9900 | €43,271 | €22,680 | €35,082 | €28,800 | €18,791 | €37,355 | €13,564 | €33,015 | ▲ 143% |
| Operating profit (loss)9901 | €40,910 | €21,315 | €33,899 | €26,570 | €17,385 | €35,872 | €11,892 | €30,702 | ▲ 158% |
| Financial income75/76B | - | - | - | - | €1 | €2 | €654 | €176 | ▼ 73.1% |
| Recurring financial income75 | €91 | €41 | €0 | - | €1 | €2 | €654 | €176 | ▼ 73.1% |
| Financial charges65/66B | - | - | - | €294 | €39 | €93 | €48 | €137 | ▲ 186% |
| Recurring financial charges65 | €66 | €118 | €173 | €294 | €39 | €93 | €48 | €137 | ▲ 186% |
| Profit (loss) for the period before taxes9903 | €40,935 | €21,239 | €33,726 | €26,276 | €17,346 | €35,781 | €12,497 | €30,740 | ▲ 146% |
| Income taxes67/77 | €6,901 | €5,205 | €7,502 | €5,708 | €4,137 | €10,283 | €3,715 | €8,777 | ▲ 136% |
| Profit (loss) for the period9904 | €34,034 | €16,034 | €26,224 | €20,568 | €13,209 | €25,497 | €8,782 | €21,963 | ▲ 150% |
| Profit (loss) for the period to be appropriated9905 | €34,034 | €16,034 | €26,224 | €20,568 | €13,209 | €25,497 | €8,782 | €21,963 | ▲ 150% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €131,230 | €116,585 | €134,130 | €134,797 | €125,201 | €143,540 | €139,076 | €142,108 | ▲ 2.2% |
| Fixed assets21/28 | €959 | €526 | €1,654 | €2,332 | €3,214 | €3,890 | €2,772 | €2,741 | ▼ 1.1% |
| Tangible fixed assets22/27 | €959 | €526 | €1,654 | €2,332 | €3,214 | €3,890 | €2,772 | €2,741 | ▼ 1.1% |
| Plant, machinery and equipment23 | - | - | - | - | - | €1,185 | €1,065 | €946 | ▼ 11.2% |
| Furniture and vehicles24 | - | - | - | €2,332 | €3,214 | €2,705 | €1,707 | €1,795 | ▲ 5.2% |
| Current assets29/58 | €130,270 | €116,059 | €132,477 | €132,465 | €121,988 | €139,650 | €136,304 | €139,368 | ▲ 2.2% |
| Amounts receivable within one year40/41 | €40,782 | €32,569 | €28,562 | €25,027 | €33,097 | €33,497 | €27,583 | €36,672 | ▲ 33.0% |
| Trade receivables40 | - | - | - | €22,756 | €29,323 | €33,488 | €27,583 | €36,672 | ▲ 33.0% |
| Other amounts receivable41 | - | - | - | €2,272 | €3,774 | €9 | - | - | - |
| Cash at bank and in hand54/58 | €89,210 | €83,219 | €103,699 | €106,971 | €88,109 | €105,927 | €107,491 | €102,575 | ▼ 4.6% |
| Deferred charges and accrued income490/1 | - | - | - | €466 | €781 | €226 | €1,231 | €120 | ▼ 90.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €131,230 | €116,585 | €134,130 | €134,797 | €125,201 | €143,540 | €139,076 | €142,108 | ▲ 2.2% |
| Equity10/15 | €98,154 | €103,188 | €107,912 | €106,480 | €110,689 | €115,687 | €105,545 | €102,508 | ▼ 2.9% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €77,694 | €82,728 | €87,452 | €86,020 | €90,229 | €95,227 | €85,085 | €82,048 | ▼ 3.6% |
| Amounts payable17/49 | €33,075 | €13,397 | €26,218 | €28,317 | €14,512 | €27,854 | €33,532 | €39,600 | ▲ 18.1% |
| Amounts payable within one year42/48 | €33,075 | €13,397 | €26,218 | €28,317 | €14,512 | €27,854 | €33,398 | €39,600 | ▲ 18.6% |
| Trade debts44 | €1,396 | €292 | €970 | €442 | €579 | €2,208 | €3,401 | €1,934 | ▼ 43.1% |
| Suppliers440/4 | - | - | - | €442 | €579 | €2,208 | €3,401 | €1,934 | ▼ 43.1% |
| Taxes, remuneration and social security45 | - | - | - | €9,093 | €5,997 | €17,428 | €17,509 | €16,725 | ▼ 4.5% |
| Taxes450/3 | - | - | - | €8,924 | €5,997 | €17,428 | €17,509 | €16,725 | ▼ 4.5% |
| Remuneration and social security454/9 | - | - | - | €169 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €18,782 | €7,935 | €8,217 | €12,489 | €20,941 | ▲ 67.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €133 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,034 | €16,034 | €26,224 | €20,568 | €13,209 | €25,497 | €8,782 | €21,963 | ▲ 150% |
| + Depreciation and write-downs630 | €433 | €433 | €508 | €605 | €759 | €953 | €1,118 | €1,274 | ▲ 14.0% |
| Operating cash flow (approximation) | €34,467 | €16,467 | €26,733 | €21,172 | €13,969 | €26,450 | €9,900 | €23,238 | ▲ 135% |
| Investment in fixed assets (approximation) | - | €0 | -€1,636 | -€1,283 | -€1,641 | -€1,629 | €0 | -€1,243 | - |
| Change in cash | - | -€5,991 | €20,480 | €3,272 | -€18,862 | €17,818 | €1,564 | -€4,916 | - |
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 (10)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 07-08-2026 | 2026-00399265 |
| 31-12-2024 | micro format | 13-08-2025 | 2025-00377146 |
| 31-12-2023 | full format | 03-08-2024 | 2024-00332099 |
| 31-12-2022 | full format | 24-07-2023 | 2023-00267901 |
| 31-12-2021 | full format | 20-07-2022 | 2022-20207111 |
| 31-12-2020 | full format | 03-08-2021 | 2021-46000499 |
| 31-12-2019 | full format | 12-08-2020 | 2020-40800514 |
| 31-12-2018 | full format | 30-07-2019 | 2019-42700085 |
| 31-12-2017 | full format | 14-08-2018 | 2018-46200147 |
| 31-12-2016 | full format | 18-08-2017 | 2017-44800221 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Isabelle CLOSE |
|
Owners and capital
Capital and shareholders
- 29-11-2023 Converted to unavailable equity
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
29-11
Gazette deed
Resignation: Isabelle CLOSE (manager)Appointment: Isabelle CLOSE (director) · Amendment of the articles · Capital conversion9 facts ▸
- General meeting, 24-11-2023
- Amendment of the articles (2 times)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Other provision, “distribuer des acomptes sur dividende, acomptes sur dividende” (deed in French)
- Capital
- Director resignation, Isabelle CLOSE (manager)
- Director appointment, Isabelle CLOSE (director (not named in the articles))
- Director discharge, Isabelle CLOSE
- Registered office clause, “1440 Braine-le-Château « Les Colir »”, 25 (deed in French)
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the KBO register.
"Les Colir" 251440 Braine-le-Château1 establishment unit
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Conseil pour les affaires et autres conseils de gestion; Conseils et assistance aux entreprises et aux services publics en matière de…” (deed in French)
70 activities (deed in French)
- Conseil pour les affaires et autres conseils de gestion
- Conseils et assistance aux entreprises et aux services publics en matière de planification,d'organisation et de recherche du rendement de contrôle.
- Services administratifs combinés de bureau
- Photocopie,préparation de documents et autres activités spécialisées de soutien de bureau
- Autres activités de soutien aux entreprises
- Enseignement de disciplines sportives et d'activités de loisirs
- Formation professionnelle
- Autres formes d'enseignements
- Création artistique,sauf activités de soutien
- Autres auxiliaires d'assurances
- Travaux de terrassement
- Pose de cables et de canalisations diverses
- Aménagement et entretien de terrains divers
- Tavaux de rejointoiement
- Isolation thermique et accoustique
- Constructions métaliques et ouvrages d'art métalliques
- Nettoyage de façades,construction de cheminées décoratives
- Entreprise de nettoyage,déblayage de chantiers
- Travaux de démolition et d'arasement
- Travaux de carrelage et de mosaïque et tous les autres travaux de revêtement des murs et du sol
- Travaux d'isolation thermique et acoustique
- Travaux de menuiserie et de charpenterie,tant en atelier que sur chantier,à l'exception du montage de charpentes métalliques
- Travaux de vitrerie,de pose de miroiterie et de vitraux
- Travaux de peinture et décors
- Travaux de marbrerie
- Travaux d'installation de chauffage,de ventilation et de conditionnement d'air
- Travaux d'installation sanitaires
- Travaux d'installation d'échaffaudage
- Travaux de pose de pipe-lines et de canalisations souterraines diverses,teeles que distribution d'eau,câbles électriques,etc ...
- Travaux de fondations,y compris pieux,palplanches et travaux de consolidation du sol par tous systèmes
- Travaux de terrassements
- Travaux de préparation des sites
- Déblayage des chantiers
- Nettoyage de bâtiments nouveaux et remise en état des lieux après travaux
- Autres travaux d'achèvement et de finition des bâtiments
- Construction de cheminées décoratives et de feux ouverts
- Montage d'éléments de structures métalliques non-fabriqués par l'unité qui exécute les travaux
- Montage et démontage d'échaffaudages et de plate-formes de travail
- Intermédiaires spécialisés dans le commerce d'autres produits spécifiques
- Itermédiaires du commerce en produits divers
- Conseil pour les affaires et autres conseils de gestion
- Conception de jardins,de parcs,...
- Taille des arbres fruitiers et des vignes
- Elagage des arbres et des haies
- Création et entretien des jardins,de parcs et d'espaces verts pour installations sportives
- Services administratifs combinées de bureau
- Photocopie,préparation de documents et autres activités spécialisées de soutien de bureau
- Autres activités de soutien aux entreprises
- Préparation de produits à base de viande ou de viande de volaille
- Transformation et conservation de possion,de crustacés et mollusques
- Préparation de jus de fruits et légumes
- Transformation et conservation de légumes,sauf fabrication de légumes surgelés
- Transformation et conservation de fruits,sauf fabrication de fruits surgelés
- Sciage et rabotage du bois
- Traitement et revêtement des métaux;usinage
- Activités manufacturières
- Réparation d'ouvrages en métaux,de machines et d'équipements
- Travaux d'installation électriques,de plomberie et autres travaux d'installation
- Travaux de finition
- Autres travaux de construction spécialiés
- Commerce de véhicules automobiles
- Entretien et réparation de véhicules automobiles
- Commerce d'équipements de véhicules automobiles
- Commerce,entretien et réparation de motocycles et de pièces et d'accessoires de motocycles
- Entreposage et stockage
- Restaurants et services de restauration mobile
- Traiteurs et autres services de restauration
- Activités comptables
- Conseil de gestion
- Activités liées au sport
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Ic Learning
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, peut établir par simple décision de l'organe d'administration des sièges administratifs,agences,ateliers,dépôts et…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 11. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de duree, un ou plusieurs administrateurs” (deed in French)“Mandat exerce gratuitement ou non, portee aux frais generaux independamment frais representation voyages deplacements” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitie cedant moitie acquereurs proportionnellement actions acquises, toutes cessions entre vifs onereux gratuit volontaires forcees…” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Apport en numeraire avec emission de nouvelles actions, organe qui procede a l'emission” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Friday of June at 17:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes prévues pour modifications aux statuts, en tout temps” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et à quelque moment, désigner liquidateurs et déterminer pouvoirs et émoluments” (deed in French)