Learning Management Resources
Learning Management Resources has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €316k and a net result of €58k. Equity is growing by ~22% per year across the filed fiscal years. Its solvency ranks better than 85% of 31061 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
| Equity | €316k |
| Net result | €58k |
| Better than sector | 85% |
| Active | 9 yrs |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 87.3% | 55.9% | |
| Net result | €58k | €27k | |
| Equity | €316k | €83k | |
| Gross operating margin | €84k | €53k | |
| Total assets | €363k | €186k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €84k | €70k | €75k | €71k | €51k |
| Net profit | €58k | €45k | €47k | €45k | €34k |
| Cash flow | €66k | €53k | €56k | €54k | €38k |
| Staff costs | - | - | - | - | - |
| Income taxes | €21k | €20k | €18k | €17k | €12k |
| Dividends | - | - | - | - | - |
| Total assets | €363k | €303k | €265k | €224k | €167k |
| Equity | €316k | €273k | €228k | €181k | €136k |
| Debt | €46k | €30k | €37k | €43k | €31k |
| of which ≤ 1y | €46k | €30k | €37k | €43k | €31k |
| of which > 1y | - | - | - | - | - |
| Working capital | €310k | €258k | €205k | €150k | €96k |
| Employees (FTE) | - | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 7.70 | 9.63 | 6.56 | 4.51 | 4.11 |
| Quick ratio | 7.70 | 9.63 | 6.56 | 4.51 | 4.11 |
| Working capital ratio | 85.5% | 85.2% | 77.3% | 66.9% | 57.4% |
| Solvency | 87.3% | 90.1% | 86.1% | 80.9% | 81.6% |
| Debt / equity | 0.15 | 0.11 | 0.16 | 0.24 | 0.23 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | 262.96 | 412.86 | 628.55 | 558.03 | 1632.45 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 16.0% | 14.8% | 17.9% | 20.2% | 20.2% |
| ROE | 18.4% | 16.4% | 20.8% | 24.9% | 24.7% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (23 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €363k | €303k | €265k | €224k | €167k |
| Fixed assets | 21/28 | €7k | €15k | €23k | €31k | €40k |
| Tangible fixed assets | 22/27 | €7k | €15k | €23k | €31k | €40k |
| Current assets | 29/58 | €356k | €288k | €242k | €192k | €126k |
| Amounts receivable within one year | 40/41 | €18k | €33k | €34k | €53k | €27k |
| Investments | 50/53 | €100k | €100k | €100k | - | - |
| Cash & bank | 54/58 | €237k | €154k | €107k | €137k | €98k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €363k | €303k | €265k | €224k | €167k |
| Equity | 10/15 | €316k | €273k | €228k | €181k | €136k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k | €6k |
| Reserves | 13 | €259k | €224k | €180k | €135k | €92k |
| Accumulated profits (losses) | 14 | €51k | €43k | €42k | €40k | €38k |
| Amounts payable | 17/49 | €46k | €30k | €37k | €43k | €31k |
| Amounts payable within one year | 42/48 | €46k | €30k | €37k | €43k | €31k |
| Trade debts payable within one year | 44 | €927 | €3k | €4k | €2k | €2k |
| Income statement | ||||||
| Gross operating margin | 9900 | €84k | €70k | €77k | €72k | €53k |
| Operating result | 9901 | €75k | €61k | €66k | €63k | €47k |
| Financial income | 75 | €4k | €4k | - | €4 | - |
| Financial charges | 65 | €319 | €169 | €119 | €128 | €31 |
| Result before taxes | 9903 | €79k | €65k | €66k | €62k | €46k |
| Income taxes | 67/77 | €21k | €20k | €18k | €17k | €12k |
| Net result for the period | 9904 | €58k | €45k | €47k | €45k | €34k |
| Result to be appropriated | 9905 | €58k | €45k | €47k | €45k | €34k |
Former directors (1)
-
LEMAIRE Stéphane JacquesManagerState Gazette act 23465979 (20-12-2023)Former- → 20-12-2023
| NACE primary | Business and other management consultancy(70200) |
| Legal form | Private limited company(610) |
| Incorporation | 25-07-2017 |
| Status | Active |
| Postal code | 7803 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51011A0304/00F000 | Wallonia | 678 m² | 1 · 182 m² | - |
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
20-12-2023 LEMAIRE Stéphane Jacques resigns as manager
- LEMAIRE Stéphane Jacques, Zaakvoerder
Technical details
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"evidence_quote": "L\u2019assembl\u00E9e g\u00E9n\u00E9rale d\u00E9cidera \u00E0 la prochaine assembl\u00E9e g\u00E9n\u00E9rale annuelle sur la d\u00E9charge au(x) g\u00E9rant(s) d\u00E9missionnaire(s) pour l\u2019ex\u00E9cution de son/leur mandat.",
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{
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"name": "LEMAIRE St\u00E9phane Jacques",
"address": "7803 Ath (Bouvignies), Chemin du Quesnoy 29",
"birth_date": "1973-10-02",
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"birth_place": "Leuven"
},
"reason": "de_plein_droit_dissolution",
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"evidence_quote": "L\u2019assembl\u00E9e g\u00E9n\u00E9rale d\u00E9cide de mettre fin \u00E0 la fonction du g\u00E9rant actuel mentionn\u00E9 ci-apr\u00E8s, et proc\u00E8de imm\u00E9diatement au renouvellement de sa nomination comme administrateur non statutaire",
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],
"notary": {
"name": "Nicolas Demolin",
"firm_city": null,
"firm_name": null,
"office_city": "Manage",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2023-12-20",
"filing_date": "2023-12-18",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decisions": [
{
"body": "algemene_vergadering",
"date": "2023-12-05",
"unanimous": true
}
],
"is_correction": false,
"subject_company": {
"kbo": "0678.835.494",
"name_full": "Learning Management Resources",
"legal_form": "SRL"
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},
"co_filed_documents": [
"exp\u00E9dition du proc\u00E8s-verbal \u2013 statuts coordonn\u00E9s"
],
"corrected_publication_numac": null
}| Legal nameFR | Learning Management Resources |
| AbbreviationFR | L.M.R. |