INTO DIFFERENCE
ActiveSummary
INTO DIFFERENCE has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €82,397 and a net result of €94,947. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 41% of 2071 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency57▼-30
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity tight (current ratio 1.44 against 2.51 in 2024; short-term debt: 68.4% and cash: 88.6% of total assets), and 68.4% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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
Education (NACE 85)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
31.6%
Return on assets
36.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-08-2026, 2 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
2 d late
2024
21 d early
2023
25 d late
2022
30 d late
2021
31 d late
2020
30 d late
2019
52 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 21 days after the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 26 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€82,397▼ 46.0%
2024 · €152,450
Total assets
€260,959▲ 5.6%
2024 · €247,094
Net result
€94,947▼ 3.6%
2024 · €98,519
Working capital
€78,777▼ 44.9%
2024 · €142,999
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€88,929▲ 47.7%€70,228▼ 21.0%€113,219▲ 61.2%€126,218▲ 11.5%€121,104▼ 4.1%
Net result€68,401above the sector's middle half▲ 47.4%€53,841above the sector's middle half▼ 21.3%€86,710above the sector's middle half▲ 61.0%€98,519above the sector's middle half▲ 13.6%€94,947above the sector's middle half▼ 3.6%
Equity€21,379within the sector's middle half▲ 1.9%€21,221within the sector's middle half▼ 0.7%€107,931within the sector's middle half▲ 409%€152,450above the sector's middle half▲ 41.2%€82,397within the sector's middle half▼ 46.0%
Total assets€178,435within the sector's middle half▼ 1.1%€170,672within the sector's middle half▼ 4.4%€195,944within the sector's middle half▲ 14.8%€247,094within the sector's middle half▲ 26.1%€260,959above the sector's middle half▲ 5.6%
Debt€157,056▼ 1.5%€149,452▼ 4.8%€88,013▼ 41.1%€94,645▲ 7.5%€178,562▲ 88.7%
Working capital-€30,384below the sector's middle half▲ 13.7%-€15,179below the sector's middle half▲ 50.0%€86,000above the sector's middle half€142,999above the sector's middle half▲ 66.3%€78,777above the sector's middle half▼ 44.9%
Solvency12.0%within the sector's middle half▲ 0.4pp12.4%within the sector's middle half▲ 0.5pp55.1%within the sector's middle half▲ 42.6pp61.7%within the sector's middle half▲ 6.6pp31.6%within the sector's middle half▼ 30.1pp
Current ratio0.81below the sector's middle half▲ 0.060.90within the sector's middle half▲ 0.091.98within the sector's middle half▲ 1.082.51within the sector's middle half▲ 0.531.44within the sector's middle half▼ 1.07
Return on assets (ROA)38.3%above the sector's middle half▲ 12.6pp31.5%above the sector's middle half▼ 6.8pp44.3%above the sector's middle half▲ 12.7pp39.9%above the sector's middle half▼ 4.4pp36.4%above the sector's middle half▼ 3.5pp
above
within
below
the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €260,959
Fixed assets
€3,620 ▼ 61.7%
Current assets
€257,339 ▲ 8.3%
Equity and liabilities €260,959
Equity
€82,397 ▼ 46.0%
Debt
€178,562 ▲ 88.7%
Debt's share of the balance-sheet total rises from 38.3% to 68.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€129,434▼
2024 · €140,715
Cash flow
€103,278▼
2024 · €113,015
Debt to equity
2.17▲
2024 · 0.62
ROE
115.2%▲
2024 · 64.6%
Interest coverage
63.80▼
2024 · 69.86
Debt ≤ 1 year
€178,562▲
2024 · €94,645
Income taxes
€25,992▲
2024 · €25,687
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,338 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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% 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 34,696 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,494 | €15,484 | €14,468 | €14,497 | €8,331 | ▼ 42.5% |
| Other operating charges640/8 | €575 | €348 | €384 | €483 | €414 | ▼ 14.3% |
| Non-recurring operating charges66A | €1,154 | - | - | - | - | - |
| Gross operating margin9900 | €106,152 | €86,059 | €128,072 | €141,198 | €129,849 | ▼ 8.0% |
| Operating profit (loss)9901 | €88,929 | €70,228 | €113,219 | €126,218 | €121,104 | ▼ 4.1% |
| Financial income75/76B | €55 | €1 | - | €1 | €1,864 | ▲ 143,322% |
| Recurring financial income75 | €55 | €1 | - | €1 | €1,864 | ▲ 143,322% |
| Financial charges65/66B | €2,085 | €2,200 | €2,057 | €2,014 | €2,029 | ▲ 0.7% |
| Recurring financial charges65 | €2,085 | €2,200 | €2,057 | €2,014 | €2,029 | ▲ 0.7% |
| Profit (loss) for the period before taxes9903 | €86,899 | €68,029 | €111,162 | €124,205 | €120,939 | ▼ 2.6% |
| Income taxes67/77 | €18,498 | €14,187 | €24,451 | €25,687 | €25,992 | ▲ 1.2% |
| Profit (loss) for the period9904 | €68,401 | €53,841 | €86,710 | €98,519 | €94,947 | ▼ 3.6% |
| Transfer to tax-exempt reserves689 | - | - | €63,150 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €68,401 | €53,841 | €23,560 | €98,519 | €94,947 | ▼ 3.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €178,435 | €170,672 | €195,944 | €247,094 | €260,959 | ▲ 5.6% |
| Fixed assets21/28 | €51,884 | €36,399 | €21,931 | €9,451 | €3,620 | ▼ 61.7% |
| Intangible fixed assets21 | €45,500 | €32,500 | €19,500 | €6,500 | - | - |
| Tangible fixed assets22/27 | €6,384 | €3,899 | €2,431 | €2,951 | €3,620 | ▲ 22.7% |
| Furniture and vehicles24 | €6,384 | €3,899 | €2,431 | €2,951 | €3,620 | ▲ 22.7% |
| Current assets29/58 | €126,551 | €134,273 | €174,012 | €237,643 | €257,339 | ▲ 8.3% |
| Amounts receivable within one year40/41 | €32,935 | €46,975 | €28,750 | €26,312 | €24,974 | ▼ 5.1% |
| Trade receivables40 | €30,498 | €41,348 | €26,404 | €24,296 | €23,966 | ▼ 1.4% |
| Other amounts receivable41 | €2,437 | €5,626 | €2,347 | €2,015 | €1,008 | ▼ 50.0% |
| Cash at bank and in hand54/58 | €92,833 | €86,664 | €140,554 | €211,324 | €231,124 | ▲ 9.4% |
| Deferred charges and accrued income490/1 | €783 | €635 | €4,708 | €8 | €1,241 | ▲ 15,623% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €178,435 | €170,672 | €195,944 | €247,094 | €260,959 | ▲ 5.6% |
| Equity10/15 | €21,379 | €21,221 | €107,931 | €152,450 | €82,397 | ▼ 46.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €2,373 | €2,373 | €63,663 | €63,663 | €63,663 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Tax-exempt reserves132 | €513 | €513 | €63,663 | €63,663 | €63,663 | = |
| Profit (loss) carried forward14 | €406 | €247 | €25,668 | €70,186 | €133 | ▼ 99.8% |
| Amounts payable17/49 | €157,056 | €149,452 | €88,013 | €94,645 | €178,562 | ▲ 88.7% |
| Amounts payable within one year42/48 | €156,936 | €149,452 | €88,013 | €94,645 | €178,562 | ▲ 88.7% |
| Current portion of amounts payable after more than one year42 | €14,270 | - | - | - | - | - |
| Trade debts44 | €680 | €8,002 | €3,723 | €962 | €3,092 | ▲ 221% |
| Suppliers440/4 | €680 | €8,002 | €3,723 | €962 | €3,092 | ▲ 221% |
| Taxes, remuneration and social security45 | €8,050 | €10,956 | €14,443 | €23,978 | €8,523 | ▼ 64.5% |
| Taxes450/3 | €8,050 | €10,956 | €14,443 | €21,978 | €8,523 | ▼ 61.2% |
| Remuneration and social security454/9 | - | - | - | €2,000 | - | - |
| Other amounts payable47/48 | €133,935 | €130,494 | €69,846 | €69,705 | €166,947 | ▲ 140% |
| Accrued charges and deferred income492/3 | €120 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €68,401 | €53,841 | €86,710 | €98,519 | €94,947 | ▼ 3.6% |
| + Depreciation and write-downs630 | €15,494 | €15,484 | €14,468 | €14,497 | €8,331 | ▼ 42.5% |
| Operating cash flow (approximation) | €83,895 | €69,326 | €101,179 | €113,015 | €103,278 | ▼ 8.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€2,017 | -€2,500 | ▼ 24.0% |
| Change in cash | - | -€6,169 | €53,890 | €70,770 | €19,801 | ▼ 72.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €98,519 ▲13.6%
Operating result €126,218, net result €98,519, both a record.
31-12
Financial
Equity above €150,000Eq €152,450 ▲41.2%
7 profitable years in a row build equity to €152,450.
25-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 25 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 1.98
Current ratio from 0.90 to 1.98; short-term debt falls from €149,452 to €88,013.
31-12
Financial
Equity above €100,000Eq €107,931 ▲409%
6 profitable years in a row build equity to €107,931.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 52 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1 day late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Orp-Jauche · 2 establishment units since 2016
Ground area
3,853 m²
Building footprint
1,495 m²
Volume, LiDAR
21,787 m³
2 parcels, Flanders, Wallonia · tallest building 23.2 m, ±6 floors. Linked by address, not a title deed.
2 establishment units
Rue de Tirlemont(N) 35, 1350 Orp-Jauche
since 20162.252.258.539
Stationlei 74, 1800 Vilvoorde
since 20262.388.473.461
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23642D0896/00W031 | Flanders | 2,856 m² | 1 · 1,374 m² | 23.2 m · 6 fl. |
| 25074A0150/00H000 | Wallonia | 998 m² | 1 · 120 m² | 7.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,021 companies in sector 85592 we hold annual accounts for 991. 737 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-03-2016
Fiscal year end31-12
Activities, NACEBEL 2025
85592Vocational training
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0649979875
Also
9925:BE0649979875
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.