LEARIMO
ActiveSummary
LEARIMO has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-136k) and a net result of €-108k. Equity is shrinking by ~34.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability59▼-2
Solvency15▼-8
Growth32=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.22 against 0.15 in 2024; short-term debt: 103.1% and cash: 22.9% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-10%
Return on assets
-7.9%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-136k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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
21 d late
2024
25 d late
2023
on the day
2022
6 d early
2021
128 d late
2020
54 d late
2019
31 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-136k▼ 374%
2024 · €-29k
2018: €454k
2019: €214k▼ -52.9% vs 2018
2020: €418k▲ +95.3% vs 2019
2021: €473k▲ +13.2% vs 2020highest in 8 years
2022: €309k▼ -34.8% vs 2021
2023: €67k▼ -78.3% vs 2022
2024: €-29k▼ -143% vs 2023
2025: €-136k▼ -374% vs 2024lowest in 8 years
2018 → 2025
Total assets
€1.37M▼ 8.3%
2024 · €1.49M
2018: €1.13Mlowest in 8 years
2019: €2.54M▲ +124% vs 2018
2020: €2.82M▲ +11.0% vs 2019highest in 8 years
2021: €2.23M▼ -21.2% vs 2020
2022: €1.85M▼ -16.6% vs 2021
2023: €1.58M▼ -14.9% vs 2022
2024: €1.49M▼ -5.5% vs 2023
2025: €1.37M▼ -8.3% vs 2024
2018 → 2025
Net result
€-108k▼ 12.5%
2024 · €-96k
2018: €-63k
2019: €-240k▼ -281% vs 2018
2020: €204k▲ +185% vs 2019highest in 8 years
2021: €-260k▼ -227% vs 2020lowest in 8 years
2022: €-165k▲ +36.6% vs 2021
2023: €-242k▼ -46.8% vs 2022
2024: €-96k▲ +60.5% vs 2023
2025: €-108k▼ -12.5% vs 2024
2018 → 2025
Working capital
€-1.09M▲ 8.3%
2024 · €-1.19M
2018: €-389khighest in 8 years
2019: €-1.01M▼ -159% vs 2018
2020: €-2.11M▼ -109% vs 2019lowest in 8 years
2021: €-1.31M▲ +37.6% vs 2020
2022: €-1.27M▲ +3.3% vs 2021
2023: €-1.31M▼ -2.7% vs 2022
2024: €-1.19M▲ +8.5% vs 2023
2025: €-1.09M▲ +8.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€473k-€309k▼ 34.8%€67k▼ 78.3%€-29k€-136k▼ 374%
2021: €473khighest in 5 years
2022: €309k▼ -34.8% vs 2021
2023: €67k▼ -78.3% vs 2022
2024: €-29k▼ -143% vs 2023
2025: €-136k▼ -374% vs 2024lowest in 5 years
Operating result€-284k-€-185k▲ 34.9%€-263k▼ 42.4%€-117k▲ 55.6%€-127k▼ 9.2%
2021: €-284klowest in 5 years
2022: €-185k▲ +34.9% vs 2021
2023: €-263k▼ -42.4% vs 2022
2024: €-117k▲ +55.6% vs 2023highest in 5 years
2025: €-127k▼ -9.2% vs 2024
Net result€-260k-€-165k▲ 36.6%€-242k▼ 46.8%€-96k▲ 60.5%€-108k▼ 12.5%
2021: €-260klowest in 5 years
2022: €-165k▲ +36.6% vs 2021
2023: €-242k▼ -46.8% vs 2022
2024: €-96k▲ +60.5% vs 2023highest in 5 years
2025: €-108k▼ -12.5% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €127k in 2025 against €117k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.37M
Fixed assets
€1.05M ▼ 17.8%
Current assets
€315k ▲ 48.7%
Key figures and ratios
EBITDA
€100k▼
2024 · €111k
Cash flow
€120k▼
2024 · €132k
Solvency
-10.0%▼
2024 · -1.9%
Current ratio
0.22▲
2024 · 0.15
Debt to equity
-10.34▲
2024 · -48.93
ROA
-7.9%▼
2024 · -6.4%
Interest coverage
253.92▼
2024 · 307.31
Debt
€1.41M▲
2024 · €1.41M
Debt ≤ 1 year
€1.41M▲
2024 · €1.41M
Income taxes
€1k▼
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.49M€1.37M▼
Fixed assets21/28€1.28M€1.05M▼
Tangible fixed assets22/27€1.28M€1.05M▼
Land and buildings22€1.28M€1.05M▼
Current assets29/58€212k€315k▲
Cash at bank and in hand54/58€205k€313k▲
Deferred charges and accrued income490/1€6k€2k▼
Equity and liabilities
Total equity and liabilities10/49€1.49M€1.37M▼
Equity10/15€-29k€-136k▼
Contributions10/11€155k€155k=
Capital10€155k€155k=
Issued capital100€155k€155k=
Reserves13€389k€326k▼
Non-distributable reserves130/1€15k€15k=
Legal reserve130€15k€15k=
Tax-exempt reserves132€345k€283k▼
Distributable reserves133€28k€28k=
Profit (loss) carried forward14€-572k€-617k▼
Provisions and deferred taxes16€115k€94k▼
Deferred taxes168€115k€94k▼
Amounts payable17/49€1.41M€1.41M▲
Amounts payable within one year42/48€1.41M€1.41M▲
Trade debts44€9k€12k▲
Suppliers440/4€9k€12k▲
Taxes, remuneration and social security45€2k€1k▼
Taxes450/3€2k€1k▼
Other amounts payable47/48€1.39M€1.40M▲
Accrued charges and deferred income492/3€162€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€228k€228k=
Other operating charges640/8€16k€15k▼
Gross operating margin9900€127k€115k▼
Operating profit (loss)9901€-117k€-127k▼
Financial income75/76B€2k€587▼
Recurring financial income75€2k€587▼
Financial charges65/66B€361€395▲
Recurring financial charges65€361€395▲
Profit (loss) for the period before taxes9903€-115k€-127k▼
Transfer from deferred taxes780€21k€21k=
Income taxes67/77€1k€1k▼
Profit (loss) for the period9904€-96k€-108k▼
Transfer from tax-exempt reserves789€63k€63k=
Profit (loss) for the period to be appropriated9905€-33k€-45k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-572k€-617k▼
Profit (loss) brought forward from the previous period14P€-539k€-572k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €265k | €229k | €229k | €228k | €228k | = |
| Other operating charges640/8 | €18k | €12k | €14k | €16k | €15k | ▼ 5.2% |
| Gross operating margin9900 | €-413 | €57k | €-20k | €127k | €115k | ▼ 9.1% |
| Operating profit (loss)9901 | €-284k | €-185k | €-263k | €-117k | €-127k | ▼ 9.2% |
| Financial income75/76B | €91 | €1k | €2k | €2k | €587 | ▼ 68.7% |
| Recurring financial income75 | €91 | €1k | €2k | €2k | €587 | ▼ 68.7% |
| Financial charges65/66B | €497 | €162 | €328 | €361 | €395 | ▲ 9.4% |
| Recurring financial charges65 | €497 | €162 | €328 | €361 | €395 | ▲ 9.4% |
| Profit (loss) for the period before taxes9903 | €-284k | €-183k | €-261k | €-115k | €-127k | ▼ 10.4% |
| Transfer from deferred taxes780 | €26k | €21k | €21k | €21k | €21k | = |
| Income taxes67/77 | €1k | €2k | €1k | €1k | €1k | ▼ 2.1% |
| Profit (loss) for the period9904 | €-260k | €-165k | €-242k | €-96k | €-108k | ▼ 12.5% |
| Transfer from tax-exempt reserves789 | €77k | €63k | €63k | €63k | €63k | = |
| Profit (loss) for the period to be appropriated9905 | €-183k | €-102k | €-179k | €-33k | €-45k | ▼ 36.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.23M | €1.85M | €1.58M | €1.49M | €1.37M | ▼ 8.3% |
| Fixed assets21/28 | €1.97M | €1.74M | €1.51M | €1.28M | €1.05M | ▼ 17.8% |
| Tangible fixed assets22/27 | €1.97M | €1.74M | €1.51M | €1.28M | €1.05M | ▼ 17.8% |
| Land and buildings22 | €1.97M | €1.74M | €1.51M | €1.28M | €1.05M | ▼ 17.8% |
| Current assets29/58 | €260k | €118k | €71k | €212k | €315k | ▲ 48.7% |
| Amounts receivable within one year40/41 | €189 | - | - | - | - | - |
| Trade receivables40 | €189 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €254k | €114k | €66k | €205k | €313k | ▲ 52.6% |
| Deferred charges and accrued income490/1 | €6k | €4k | €5k | €6k | €2k | ▼ 73.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.23M | €1.85M | €1.58M | €1.49M | €1.37M | ▼ 8.3% |
| Equity10/15 | €473k | €309k | €67k | €-29k | €-136k | ▼ 374% |
| Contributions10/11 | €155k | €155k | €155k | €155k | €155k | = |
| Capital10 | €155k | €155k | €155k | €155k | €155k | = |
| Issued capital100 | €155k | €155k | €155k | €155k | €155k | = |
| Reserves13 | €577k | €514k | €451k | €389k | €326k | ▼ 16.1% |
| Non-distributable reserves130/1 | €15k | €15k | €15k | €15k | €15k | = |
| Legal reserve130 | €15k | €15k | €15k | €15k | €15k | = |
| Tax-exempt reserves132 | €533k | €471k | €408k | €345k | €283k | ▼ 18.1% |
| Distributable reserves133 | €28k | €28k | €28k | €28k | €28k | = |
| Profit (loss) carried forward14 | €-258k | €-360k | €-539k | €-572k | €-617k | ▼ 7.8% |
| Provisions and deferred taxes16 | €178k | €157k | €136k | €115k | €94k | ▼ 18.1% |
| Deferred taxes168 | €178k | €157k | €136k | €115k | €94k | ▼ 18.1% |
| Amounts payable17/49 | €1.57M | €1.39M | €1.38M | €1.41M | €1.41M | ▲ 0.3% |
| Amounts payable within one year42/48 | €1.57M | €1.39M | €1.38M | €1.41M | €1.41M | ▲ 0.3% |
| Trade debts44 | €25k | €6k | €9k | €9k | €12k | ▲ 37.8% |
| Suppliers440/4 | €25k | €6k | €9k | €9k | €12k | ▲ 37.8% |
| Taxes, remuneration and social security45 | €433 | €1k | €1k | €2k | €1k | ▼ 29.4% |
| Taxes450/3 | €433 | €1k | €1k | €2k | €1k | ▼ 29.4% |
| Other amounts payable47/48 | €1.55M | €1.38M | €1.37M | €1.39M | €1.40M | ▲ 0.1% |
| Accrued charges and deferred income492/3 | €71 | - | - | €162 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-260k | €-165k | €-242k | €-96k | €-108k | ▼ 12.5% |
| + Depreciation and write-downs630 | €265k | €229k | €229k | €228k | €228k | = |
| Operating cash flow (approximation) | €5k | €64k | €-13k | €132k | €120k | ▼ 9.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-139k | €-48k | €139k | €108k | ▼ 22.3% |
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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 21 days late
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
06-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 128 days late
2021
31-12
Financial
Weakest financial yearnet €-260k
Net result drops to €-260k, the lowest in the series; recovery starts the following year.
23-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 54 days late
2020
31-12
Financial
Back to profitnet €204k
Net result €204k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
20-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 51 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Brussel · 1 establishment unit since 2022
Ground area
327 m²
Building footprint
32 m²
Volume, LiDAR
444 m³
Parcel 21802B1331/00B000, Brussels · tallest building 16.1 m, ±5 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Learimo
since 20222.338.935.561
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21802B1331/00B000 | Brussels | 326 m² | 1 · 32 m² | 16.1 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPublic limited company
Founded20-08-1980
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.