Result
€509 ▼ 99.5%
The result fell in 2025: different schema filed.
KNOWLEDGE FUSION
Lifetime
10 annual accounts with figures on one time axispeak €770,693 (2024)
€477,318▼ 38.1%
lowest -€102,199 (2023)
€509▼ 99.5%
peak €239,276 (2022)
€239,153▲ 0.2%
€686,082▲ 8.7%
peak 12.3 FTE (2024)
10.4 FTE▼ 15.4%
Board5 names since 2024
3 directorsYaroslav IKRAMOV and 2 others
Owners2 names in the annual accounts
100%BRAINCRAFT and 1 other
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Gross margin from €770,693 to €477,318Result from €101,568 to €509Staff from 12.3 FTE to 10.4 FTE3 directors appointed, 2 resignations 17-04Cash from €694,752 to €441,788
Key points
from the 2025 annual accountsTurnover
≈ €720,000 estimated
The accounts state no turnover.
Debts
€686,082 74% of the balance sheet
Suppliers 15%Taxes and wages 11%Other 74%
Of this, €180,898 falls due within a year.
Staff
12 employees on 31-12-2025
In 2025, 10 people joined and 8 left.
Filings
10 annual accounts 8 late
The 2019 accounts came latest: 56 days after the end of the period.
At the same address
49 companies
Checked score
87
Excellent
Financially stronger than 48% of small companies in education (NACE 85)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: < 0.1% across 623 companies (NACE 85, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.6%▲ +0.2 percentage points vs 07-2025
09-2025: 0.8%▲ +0.2 percentage points vs 08-2025highest value
10-2025: 0.2%▼ -0.6 percentage points vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.1%▼ -0.1 percentage points vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.2%▲ +0.1 percentage points vs 02-2026
04-2026: 0.1%▼ -0.1 percentage points vs 03-2026
05-2026: 0.2%▲ +0.1 percentage points vs 04-2026
06-2026: 0.1%▼ -0.1 percentage points vs 05-2026
07-2026: 0.2%▲ +0.1 percentage points vs 06-2026
08-2026: 0.1%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: 0.2%▲ +0.1 percentage points vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 31 days late; 2 of the last 3 accounts late
Profit of €509 (financial year 2025)
lowers risk
Liquidity: current ratio 4.65, cash €441,788
Sector: Education (NACE 85)
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, small). It does better than 22% of them on solvency, 92% on liquidity, 38% on profitability and 39% on growth.
The bankruptcy probability was computed on 06-11-2026 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, 4,107 companies had the same profile as KNOWLEDGE FUSION has now. Each dot stands for 11 companies, two years later.
98.0%
were still trading
0.9%
stopped another way
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of KNOWLEDGE FUSION itself: 0.2% 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 4,107 companies, not a prediction for KNOWLEDGE FUSION. 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 €20,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.65 (3.26 in 2024), above the usual 1.5. Short-term debt is 19.6% and cash 47.7% of total assets. However, 74.2% 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
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
31 days late
2023
29 days late
2022
29 days late
2021
23 days late
2020
6 days late
2019
56 days late
← 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 29 days after 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 30 August (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
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- BRAINCRAFT 100%score 90equity €498,743 (2025) · 2025 annual accounts of BRAINCRAFT
- CORVEST 21.72%equity €197,595 (2025) · 2025 annual accounts of CORVEST
Shares in 1 company, ARCHI-MED
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0637861211
3 directors appointed, 2 resignations
Resignations: CORVEST srl and Yaroslav IKRAMOV · Permanent representative: Philippe de WOUTERS d'OPLINTER · Appointments: Maxime WAUTRIN, Yaroslav IKRAMOV and BrainCraft srl · General meeting of 21-03-2025 · Gazette deed
Registered office moved to Ixelles
New registered office: Place Eugène Flagey 18-5ème étage, 1050 Ixelles · Reappointments: IKRAMOV Yaroslav (director) and CORVEST (director) · Resignation: EVRARD Jérémie (manager) · General meeting of 19-06-2024 · Gazette deed
New establishment in Uccle
Vanderkinderestraat 194
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| KNOWLEDGE FUSION Ixelles | €0.9m | €477,318 | 25.8% | 10.4 |
| International Montessori Hof ten Berg Woluwe-Saint-Lambert | €1.3m | €886,882 | 35.5% | 12.6 |
| SYINNA Zwevegem | €1.1m | €699,779 | 20.6% | 10 |
| KCnT Grobbendonk | €0.9m | €468,449 | 71.6% | 6.3 |
| LOGIS Oudsbergen | €0.9m | €806,381 | 65.8% | 8.3 |
| ASBL Action Mondiale pour la Solidarité Verviers | €1.1m | €783,327 | 46.3% | 11.9 |
| IJCO Gerpinnes | €1.3m | €716,234 | 15.4% | 10.5 |
These companies have the same main activity as KNOWLEDGE FUSION: other education (NACE 85599). They are comparable in size and age: total assets between €888,000 and €1.3m, founded between 2013 and 2017.
Official details
Source: KBO- Status
- Active since 17-09-2015Normal situation
- Registered office
- 50 active companies are registered at this address8 started in the 12 months before. Source: KBO register, as of 7 November 2026.
- Activity
- Other educationNACE 85599
- Establishment units
- 2.246.515.1491050 Ixelles, since 01-10-2015
- 2.342.752.9081180 Uccle, since 01-01-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 08-02-2026
Annual accounts 2025
- €925,235▲ 6.4%
- Employeeson 31-12-2025
- 12▲ 20.0%
- Filing
- Filed on 31-08-2026
Insights on KNOWLEDGE FUSION
KNOWLEDGE FUSION files the abbreviated format. That format states no turnover. The gross margin rose from -€6,193 in 2016 to €477,318 in 2025.
BRAINCRAFT holds all the shares.
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 KNOWLEDGE FUSION
- What is the company number of KNOWLEDGE FUSION?
- The company number of KNOWLEDGE FUSION is 0637.861.211. The VAT number is the same number with BE in front: BE 0637.861.211.
- Where is KNOWLEDGE FUSION based?
- The registered office is at Eugène Flageyplein 18, 1050 Ixelles.Company details
- What does KNOWLEDGE FUSION do?
- According to the KBO register, the main activity is other education (NACE 85599).
- What is the legal form of KNOWLEDGE FUSION?
- KNOWLEDGE FUSION is a private limited company (BV).
- When was KNOWLEDGE FUSION founded?
- KNOWLEDGE FUSION was founded on 17-09-2015.
- Is KNOWLEDGE FUSION still active?
- Yes, KNOWLEDGE FUSION is an active enterprise in the KBO register.
- How many employees does KNOWLEDGE FUSION have?
- KNOWLEDGE FUSION had an average of 10.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of KNOWLEDGE FUSION?
- The turnover in financial year 2025 is ≈ €720,000. This figure is estimated from the gross margin of €477,318 and 37 comparable companies (NACE 85). It probably lies between €510,000 and €1.1m.
- Is KNOWLEDGE FUSION profitable?
- In financial year 2025, KNOWLEDGE FUSION made a profit of €509.
- Where can I find the annual accounts of KNOWLEDGE FUSION?
- KNOWLEDGE FUSION filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of KNOWLEDGE FUSION due?
- KNOWLEDGE FUSION must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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