Equity
€205,008 ▲ 2.2%
Kessels & Smit, The Learning Company has made a profit in every financial year since 2006.
Kessels & Smit, The Learning Company
Lifetime
20 annual accounts with figures on one time axis, 22 filings since 2004peak €240,931 (2017)
€183,384▼ 23.6%
peak €223,338 (2024)
€181,081▼ 18.9%
peak €205,008 (2025)
€205,008▲ 2.2%
€381,827▼ 34.8%
peak 1.8 FTE (2012)
-not published
Board10 names since 2007
8 directorsLEKGOTLA PROCESADVISERING and 7 others
Owners8 names in the annual accountsall names
20%InWerkin and 4 others
Documentsfilings and deeds
29-05-202663 days before the deadline
2025abbreviated format
Gross margin from €240,161 to €183,384Dividend €16,000Debts from €585,963 to €381,827Cash from €94,894 to €123,679
Key points
from the 2025 annual accountsChecked score
94
Excellent
Financially stronger than 51% of micro companies in education (NACE 85)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 3,825 companies (NACE 85, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026highest value
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Size: total assets €586,835
Sector: Education (NACE 85)
Liquidity: current ratio 1.54, cash €123,679
Figures for financial year 2025 (filed on 29-05-2026)
Calculation
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 85, micro). It does better than 41% of them on solvency, 23% on liquidity, 90% on profitability and 48% on growth.
The bankruptcy probability was computed on 08-11-2026 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).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as Kessels & Smit, The Learning Company has now. Each dot stands for 51 companies, two years later.
95.1%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of Kessels & Smit, The Learning Company itself: < 0.1% within 12 months.
Test of the method
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 20,137 companies, not a prediction for Kessels & Smit, The Learning Company. 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.
Credit verdict
Credit of up to €19,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.54 (1.34 in 2024), above the usual 1.5. Short-term debt is 65.1% and cash 21.1% of total assets. However, 65.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-05-2026, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
63 days early
2024
69 days early
2023
79 days early
2022
82 days early
2021
80 days early
2020
86 days early
2019
87 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 78 days before the deadline. In the sector (NACE 85), the median for financial year 2024 was 16 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
J
JAWadDE
Director, SCHUERMANS Joep, since 07-01-2019
- InWerkin 20%score 68equity €411,858 (2025) · 2025 annual accounts of InWerkin
- MASSA KATRIEN 14%score 93equity €153,354 (2025) · 31-03-2025 annual accounts of MASSA KATRIEN
- Biscuiterie Artisanale 12.5%score 95equity €72,670 (2025) · 2025 annual accounts of Biscuiterie Artisanale
Recent changes
8 directors reappointed
Authorised capital up to €250,000 for 5 years · LEKGOTLA PROCESADVISERING, MASSA KATRIEN, BISCUITERIE ARTISANALE, JAWadDE, ANTESIKLON, HARA and 2 others · Permanent representatives: VERHEIJEN Luc, MASSA Katrien, BESCHUYT Peter, SCHUERMANS Joep, SNICK Kris, HENDRIKX Sofie and 2 others · General meeting of 18-03-2024 · Gazette deed
1 director resigning
Withdrawal: SCULPTUUR BV (shareholder) · Resignation: SCULPTUUR BV · Permanent representatives: Godelieve Scheepers and Luc VERHEIJEN · General meeting of 09-05-2022 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0861237462
1 director appointed
June 21 · Permanent representatives: Annelies Wybo and Luc VERHEIJEN · General meeting of 19-05-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Kessels & Smit, The Learning Company Antwerp | €586,835 | €183,384 | 34.9% | - |
| MOBILO Balen | €719,479 | €143,615 | 43.0% | - |
| CEDIVA Knokke-Heist | €576,178 | €202,085 | 85.3% | - |
| Fleur Geel | €420,291 | €194,033 | 59.2% | - |
| Inizio-U Mechelen | €640,446 | €134,337 | 87.9% | - |
| ITHAKA-BE Mechelen | €964,141 | €144,704 | 60.1% | - |
| Dokter Kris Demanet Torhout | €567,640 | €128,560 | 54.6% | - |
These companies have the same main activity as Kessels & Smit, The Learning Company: other education (NACE 85599). They are comparable in size and age: total assets between €420,000 and €964,000, founded between 1998 and 2005.
Official details
Source: KBO- Status
- Active since 22-10-2003Normal situation
- Activity
- Other educationNACE 85599and 1 other
- Establishment units
- 2.133.915.4702000 Antwerp, since 29-09-2003
- 2.262.141.0579190 Stekene, since 01-03-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 08-04-2022
Annual accounts 2025
- €586,835▼ 25.4%
- Filing
- Filed on 29-05-2026, 63 days before the end of the filing period
Companies linked to Kessels & Smit, The Learning Company
Shareholders
- June 2112.5%
- LEKGOTLA PROCESADVISERING12.5%
Insights on Kessels & Smit, The Learning Company
Kessels & Smit, The Learning Company files the abbreviated format. That format states no turnover. The gross margin rose from €100,797 in 2006 to €183,384 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Kessels & Smit, The Learning Company
- What is the company number of Kessels & Smit, The Learning Company?
- The company number of Kessels & Smit, The Learning Company is 0861.237.462. The VAT number is the same number with BE in front: BE 0861.237.462.
- Where is Kessels & Smit, The Learning Company based?
- The registered office is at Lange Nieuwstraat 45, 2000 Antwerp.Company details
- What does Kessels & Smit, The Learning Company do?
- According to the KBO register, the main activity is other education (NACE 85599).
- What is the legal form of Kessels & Smit, The Learning Company?
- Kessels & Smit, The Learning Company is a private limited company (BV).
- When was Kessels & Smit, The Learning Company founded?
- Kessels & Smit, The Learning Company was founded on 22-10-2003.
- Is Kessels & Smit, The Learning Company still active?
- Yes, Kessels & Smit, The Learning Company is an active enterprise in the KBO register.
- How many employees does Kessels & Smit, The Learning Company have?
- Kessels & Smit, The Learning Company had an average of 0.3 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- What is the turnover of Kessels & Smit, The Learning Company?
- The turnover in financial year 2025 is ≈ €470,000. This figure is estimated from the gross margin of €183,384 and 1,647 comparable companies of the same size. It probably lies between €280,000 and €870,000. It is a rough estimate. In financial year 2022 turnover was €1.5m.
- Is Kessels & Smit, The Learning Company profitable?
- In financial year 2025, Kessels & Smit, The Learning Company made a profit of €181,081.
- Where can I find the annual accounts of Kessels & Smit, The Learning Company?
- Kessels & Smit, The Learning Company filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Kessels & Smit, The Learning Company due?
- Kessels & Smit, The Learning Company must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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