Equity
€35,185 ▲ 132%
Learning Path paid out €1,666 in dividends. That is 8% of the 2025 profit.
Learning Path
Overview
Lifetime
2 annual accounts with figures on one time axispeak €32,390 (2025)
€32,390▲ 38.7%
peak €21,666 (2025)
€21,666▲ 36.7%
peak €35,185 (2025)
€35,185▲ 132%
€14,151▼ 8.6%
Board2 names since 2023
2 directorsDENS Jo and 1 other
Documentsfilings and deeds
08-05-202684 days before the deadline
2025micro format
Gross margin from €23,348 to €32,390Result from €15,852 to €21,666Dividend €1,666Equity from €15,186 to €35,185Cash from €16,496 to €22,777
Key points
from the 2025 annual accountsChecked score
98
Excellent
Financially stronger than 84% 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
01-2025: 0.4%
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025highest value
07-2025: < 0.1%▼ -0.4 percentage points 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%▲ +0.1 percentage points vs 04-2026
06-2026: < 0.1%▼ -0.1 percentage points vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Founded in 2023
lowers risk
Sector: Education (NACE 85)
Liquidity: current ratio 3.49, cash €22,777
Equity €35,185 (71.3% of total assets)
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 72% of them on solvency, 79% on liquidity, 90% on profitability and 93% on growth.
The bankruptcy probability was computed on 09-11-2026 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, 39,278 companies had the same profile as Learning Path has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Learning Path itself is lower: < 0.1% within 12 months. It rests on far more data about Learning Path than the profile alone.
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 39,278 companies, not a prediction for Learning Path. 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 €3,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.49 (1.98 in 2024), above the usual 1.5. Short-term debt is 28.7% and cash 46.2% of total assets. 28.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises 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 08-05-2026, 84 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
84 days early
2024
43 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 64 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.
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- VLEMS Carl Jan 50 sharesdeed of 18-12-2023
- DENS Jo 50 sharesdeed of 18-12-2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1003379381
Incorporation
Founding capital of €1,000, 100 shares · Founders: VLEMS Carl Jan and DENS Jo · Appointments: VLEMS Carl Jan (director) and DENS Jo (director) · published on 18-12-2023 · Gazette deed
First establishment
Zinktrekkersplein 3, Lommel
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Learning Path Lommel | €49,336 | €32,390 | 71.3% | - |
| Lemme Fire Technics Drogenbos | €56,941 | €32,287 | 58.7% | - |
| Chris Carnewal Management Bilzen-Hoeselt | €71,241 | €40,221 | 52.7% | - |
| STREGA CONSULT Heers | €35,018 | €21,050 | 58.0% | - |
| PROFROID Virton | €45,276 | €21,712 | 86.4% | - |
| OhMySkills Hamme (Vl.) | €57,483 | €30,105 | 92.5% | - |
| EXPLORE ACTION Tervuren | €49,804 | €19,738 | 85.7% | - |
These companies have the same main activity as Learning Path: vocational training (NACE 85592). They are comparable in size and age: total assets between €35,000 and €71,200, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 14-12-2023Normal situation
- Activity
- Vocational trainingNACE 85592and 2 others
- Establishment unit
- 2.353.871.3833920 Lommel, since 14-12-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 03-10-2025
Annual accounts 2025
- €32,390▲ 38.7%
- €21,666▲ 36.7%
- €35,185▲ 132%
- €49,336▲ 60.9%
- Filing
- Filed on 08-05-2026, 84 days before the end of the filing period
Insights on Learning Path
Learning Path has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35,185 and a net result of €21,666.
Its solvency ranks better than 74% of 2,612 sector peers (NACE 85, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 08-05-2026, 84 days before the deadline€32,390
▲ 38.7%
€31,586
▲ 41.2%
€21,666
▲ 36.7%
€35,185
▲ 132%
71.3%
▲ 21.8 percentage points
3.49
▲ 1.51
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €130,000. Estimated: probably between €78,000 and €230,000.
Balance sheet
balance sheet total €49,336 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
71.3%
Higher than 74% of 2,612 companies in 2025.
3.49
Higher than 72% of 2,481 companies in 2025.
43.9%
Higher than 90% of 2,510 companies in 2025.
Learning Path
Middle half of the sector
80% of the sector
Micro accounts in education (NACE 85)
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
49,336 | 30,665 | |
29/58 |
49,336 | 30,665 | |
40/41 |
25,046 | 12,235 | |
40 |
25,046 | 12,161 | |
41 |
- | 74 | |
54/58 |
22,777 | 16,496 | |
490/1 |
1,513 | 1,934 | |
| Balance sheet: equity and liabilities | |||
10/49 |
49,336 | 30,665 | |
10/15 |
35,185 | 15,186 | |
10/11 |
1,000 | 1,000 | |
13 |
34,185 | 14,186 | |
133 |
34,185 | 14,186 | |
17/49 |
14,151 | 15,479 | |
42/48 |
14,151 | 15,479 | |
44 |
1,557 | 1,909 | |
440/4 |
1,557 | 1,909 | |
45 |
11,422 | 6,434 | |
450/3 |
11,422 | 6,434 | |
47/48 |
1,171 | 7,136 | |
| Income statement | |||
9900 |
32,390 | 23,348 | |
640/8 |
804 | 985 | |
9901 |
31,586 | 22,364 | |
75/76B |
10 | 4 | |
75 |
10 | 4 | |
65/66B |
81 | 344 | |
65 |
81 | 344 | |
9903 |
31,514 | 22,023 | |
67/77 |
9,848 | 6,172 | |
9904 |
21,666 | 15,852 | |
9905 |
21,666 | 15,852 | |
| Appropriation of the result | |||
9906 |
21,666 | 15,852 | |
691/2 |
20,000 | 14,186 | |
6921 |
20,000 | 14,186 | |
694/7 |
1,666 | 1,666 | |
694 |
1,666 | 1,666 | |
| Document | |||
The notes to these accounts have 1 item. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 08-05-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 6,281 | - | ||
| 35,185 | 15,186 | ||
| 71.3% | 49.5% | ||
| 3.49 | 1.98 | ||
| 0.40 | 1.02 | ||
| 61.6% | 104.4% | ||
| 43.9% | 51.7% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on Learning Path
The operating result for 2025 is 41% higher than in 2024.
Debt's share of the balance-sheet total falls from 50.5% to 28.7%. Equity is higher and debt is lower.
Board & ownership
Board
2 directors, since incorporationDirector (not named in the articles)
appointed by deed of 18-12-2023
term without a fixed end
listed in the 2025 annual accounts, filed on 08-05-2026
Director (not named in the articles)
appointed by deed of 18-12-2023
term without a fixed end
also on the board of 1 other company
listed in the 2025 annual accounts, filed on 08-05-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 18-12-2023
Mandates through the years
2 names, the dashed line is todayDENS Jo
Director (not named in the articles)
Director (not named in the articles)
VLEMS Carl Jan
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- DENS Jo
- Director (not named in the articles), appointed by deed of 18-12-2023, still in office
- VLEMS Carl Jan
- Director (not named in the articles), appointed by deed of 18-12-2023, still in office
Control
Capital
- Contribution
- €1,000
- Shares
- 100
- Contribution per share
- €10
- Equity per share
- €352 in 2025
- Source
- deed of 18-12-2023
Articles of association
deed of 18-12-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director“Met of zonder beperking van duur, algemene vergadering die bestuurder(s) benoemt bepaalt aantal,duur,opdracht en bij meerdere bevoegdheid”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- 25 April at 18:00
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Bestuurder(s) in functie indien geen andere vereffenaar benoemd, één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen,vergoeding…”
Shareholders
At incorporation
deed of 18-12-2023 ↗
- VLEMS Carl Jan 50 shares (50%)
- DENS Jo 50 shares (50%)
Network & group
No group
Learning Path has no parent and no holdings in its annual accounts.
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
KURADO
via VLEMS Carl Jan · Director · deed of 04-12-2020
Founded in 2020 · total assets €1.5m (2025) · negative equity
→
Timeline
Timeline
5 events since 2023Filings
Establishments
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed PDFmicro format · 84 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1003379381
Annual accounts 2024 filed PDFmicro format · 43 days before the deadline
2023
IncorporationFounding capital of €1,000, 100 shares · Founders: VLEMS Carl Jan and DENS Jo · Appointments: VLEMS Carl Jan (director) and DENS Jo (director) · published on 18-12-20238 points ▸
- Founder, VLEMS Carl Jan (comparant)
- Founder, DENS Jo (comparant)
- Founding capital, €1,000, 100 shares
- 100 shares
- Registered office clause, Zinktrekkersplein 3, 3920 Lommel
- Board rule, 2
- Director appointment, VLEMS Carl Jan (director (not named in the articles))
- Director appointment, DENS Jo (director (not named in the articles))
- The deed holds 2 more points.
First establishment Zinktrekkersplein 3, Lommel
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 1003.379.381
- VAT number
- BE 1003.379.381
- Peppol ID
- 0208:1003379381
- Other Peppol ID
- 9925:BE1003379381
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 14-12-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- 25 April at 18:00deed of 18-12-2023 (in Dutch)
- Peppol
- Reachable since 03-10-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Learning Path in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 18-12-2023 (in Dutch)
- Name clauseThe company operates under this name according to its articles.
- Learning Pathdeed of 18-12-2023 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 18-12-2023 (in Dutch)
Activities
NACEBEL 202585592
Vocational training main activity
85599
Other education
Codes under NACEBEL 2008
85592
Vocational training main activity
85599
Other education
93299
Other amusement and recreation activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Overige vormen van onderwijs; Coaching en trainingen voor diverse doeleinden”deed of 18-12-2023 (in Dutch)
2 activities
- Overige vormen van onderwijs;
- Coaching en trainingen voor diverse doeleinden.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Zinktrekkersplein 3 registered office 3920 Lommel | 14-12-2023 | 2.353.871.383 |
Buildings and parcels at the address
- Ground area
- 563 m²
- Buildings
- 124 m²
- Volume, LiDAR
- 875 m³
- Tallest building
- 9.2 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 72020C1437/00M042 | 563 m² | 1 · 124 m² | 9.2 m · 2 |