Learning Tools 21C
ActiveSummary
The computed 12-month bankruptcy probability of Learning Tools 21C is 3.4% (moderate). The 2025 annual accounts show negative equity (€-252k) and a net result of €41k. Equity is shrinking by ~21.6% per year across the filed fiscal years. Its solvency ranks better than 6% of 11389 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.24 against 0.18 in 2024; short-term debt: 308.5% and cash: 5.5% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
-220.4%
Return on assets
36.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 11389 sector peers (2025).
NBB · sector comparisonPosition among 11389 sector peers
Solvency
better than 6%
← weakest
strongest →
neutral · Filed after the deadline
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. 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 · 5 filingsDeviation from the deadline
2025
31 d late
2024
26 d late
2023
29 d late
2022
31 d late
2021
25 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, micro schema
Turnover
€52k
EBIT margin
-163.0%
Net result
€41k▲ 109%
2024 · €20k
2021: €-85k
2022: €-118k▼ -39.3% vs 2021
2023: €-139k▼ -17.4% vs 2022lowest in 5 years
2024: €20k▲ +114% vs 2023
2025: €41k▲ +109% vs 2024highest in 5 years
2021 → 2025
Working capital
€-267k▲ 3.1%
2024 · €-275k
2021: €-96khighest in 5 years
2022: €-200k▼ -108% vs 2021
2023: €-324k▼ -61.8% vs 2022lowest in 5 years
2024: €-275k▲ +15.0% vs 2023
2025: €-267k▲ +3.1% vs 2024
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€52k-
Equity€-55k-€-174k▼ 215%€-313k▼ 80.1%€-293k▲ 6.3%€-252k▲ 14.1%
2021: €-55khighest in 5 years
2022: €-174k▼ -215% vs 2021
2023: €-313k▼ -80.1% vs 2022lowest in 5 years
2024: €-293k▲ +6.3% vs 2023
2025: €-252k▲ +14.1% vs 2024
Operating result€-85k-€-117k▼ 37.9%€-137k▼ 17.4%€27k€46k▲ 71.7%
2021: €-85k
2022: €-117k▼ -37.9% vs 2021
2023: €-137k▼ -17.4% vs 2022lowest in 5 years
2024: €27k▲ +119% vs 2023
2025: €46k▲ +71.7% vs 2024highest in 5 years
Net result€-85k-€-118k▼ 39.3%€-139k▼ 17.4%€20k€41k▲ 109%
2021: €-85k
2022: €-118k▼ -39.3% vs 2021
2023: €-139k▼ -17.4% vs 2022lowest in 5 years
2024: €20k▲ +114% vs 2023
2025: €41k▲ +109% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 72% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €114k
Fixed assets
€28k ▲ 98.6%
Current assets
€86k ▲ 46.2%
Key figures and ratios
EBITDA
€53k▲
2024 · €47k
Cash flow
€48k▲
2024 · €40k
Solvency
-220.4%▲
2024 · -401.4%
Current ratio
0.24▲
2024 · 0.18
Quick ratio
0.19▲
2024 · 0.12
Debt to equity
-1.45▼
2024 · -1.25
ROA
36.1%▲
2024 · 27.1%
Interest coverage
12.22▲
2024 · 6.77
Debt
€366k=
2024 · €366k
Debt ≤ 1 year
€352k▲
2024 · €334k
Debt > 1 year
€14k▼
2024 · €32k
Staff costs
€55k▲
2024 · €54k
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 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€73k€114k▲
Fixed assets21/28€14k€28k▲
Intangible fixed assets21€272€118▼
Tangible fixed assets22/27€14k€28k▲
Plant, machinery and equipment23-€21k
Furniture and vehicles24€11k€4k▼
Other tangible fixed assets26€3k€3k▼
Current assets29/58€59k€86k▲
Stocks and contracts in progress3€18k€18k=
Stocks30/36€18k€18k=
Amounts receivable within one year40/41€38k€61k▲
Trade receivables40€38k€60k▲
Other amounts receivable41€505€898▲
Cash at bank and in hand54/58€2k€6k▲
Equity and liabilities
Total equity and liabilities10/49€73k€114k▲
Equity10/15€-293k€-252k▲
Contributions10/11€30k€30k=
Profit (loss) carried forward14€-323k€-282k▲
Amounts payable17/49€366k€366k=
Amounts payable after more than one year17€32k€14k▼
Financial debts170/4€32k€14k▼
Amounts payable within one year42/48€334k€352k▲
Current portion of amounts payable after more than one year42€18k€19k▲
Trade debts44€21k€26k▲
Suppliers440/4€21k€26k▲
Taxes, remuneration and social security45€55k€74k▲
Taxes450/3€39k€65k▲
Remuneration and social security454/9€16k€9k▼
Other amounts payable47/48€240k€232k▼
Income statement
Code20242025
Remuneration, social security and pensions62€54k€55k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€7k▼
Other operating charges640/8€372€400▲
Gross operating margin9900€101k€108k▲
Operating profit (loss)9901€27k€46k▲
Financial income75/76B€101-
Recurring financial income75€101-
Financial charges65/66B€7k€4k▼
Recurring financial charges65€7k€4k▼
Profit (loss) for the period before taxes9903€20k€41k▲
Profit (loss) for the period9904€20k€41k▲
Profit (loss) for the period to be appropriated9905€20k€41k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-323k€-282k▲
Profit (loss) brought forward from the previous period14P€-343k€-323k▲
The notes to these accounts (9 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €52k | - | - | - | - | - |
| Non-recurring operating income76A | €2k | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €87k | - | - | - | - | - |
| Remuneration, social security and pensions62 | €48k | €153k | €170k | €54k | €55k | ▲ 1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €20k | €23k | €20k | €7k | ▼ 64.2% |
| Other operating charges640/8 | €200 | €348 | - | €372 | €400 | ▲ 7.5% |
| Gross operating margin9900 | €-33k | €56k | €56k | €101k | €108k | ▲ 6.8% |
| Operating profit (loss)9901 | €-85k | €-117k | €-137k | €27k | €46k | ▲ 71.7% |
| Financial income75/76B | €19 | €6 | - | €101 | - | - |
| Recurring financial income75 | €19 | €6 | - | €101 | - | - |
| Financial charges65/66B | €319 | €2k | €2k | €7k | €4k | ▼ 37.3% |
| Recurring financial charges65 | €319 | €2k | €2k | €7k | €4k | ▼ 37.3% |
| Profit (loss) for the period before taxes9903 | €-85k | €-118k | €-139k | €20k | €41k | ▲ 109% |
| Profit (loss) for the period9904 | €-85k | €-118k | €-139k | €20k | €41k | ▲ 109% |
| Profit (loss) for the period to be appropriated9905 | €-85k | €-118k | €-139k | €20k | €41k | ▲ 109% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €73k | €121k | €127k | €73k | €114k | ▲ 56.5% |
| Fixed assets21/28 | €41k | €53k | €29k | €14k | €28k | ▲ 98.6% |
| Intangible fixed assets21 | €734 | €580 | €426 | €272 | €118 | ▼ 56.7% |
| Tangible fixed assets22/27 | €40k | €52k | €29k | €14k | €28k | ▲ 102% |
| Plant, machinery and equipment23 | - | - | - | - | €21k | - |
| Furniture and vehicles24 | €40k | €48k | €25k | €11k | €4k | ▼ 59.1% |
| Other tangible fixed assets26 | - | €4k | €4k | €3k | €3k | ▼ 13.4% |
| Financial fixed assets28 | €96 | - | - | - | - | - |
| Current assets29/58 | €32k | €69k | €98k | €59k | €86k | ▲ 46.2% |
| Stocks and contracts in progress3 | €5k | €26k | €18k | €18k | €18k | = |
| Stocks30/36 | €5k | €26k | €18k | €18k | €18k | = |
| Amounts receivable within one year40/41 | €8k | €28k | €70k | €38k | €61k | ▲ 59.1% |
| Trade receivables40 | €8k | €28k | €70k | €38k | €60k | ▲ 58.8% |
| Other amounts receivable41 | €164 | - | - | €505 | €898 | ▲ 77.8% |
| Cash at bank and in hand54/58 | €18k | €15k | €10k | €2k | €6k | ▲ 241% |
| Deferred charges and accrued income490/1 | €489 | €70 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €73k | €121k | €127k | €73k | €114k | ▲ 56.5% |
| Equity10/15 | €-55k | €-174k | €-313k | €-293k | €-252k | ▲ 14.1% |
| Contributions10/11 | €30k | €30k | €30k | €30k | €30k | = |
| Profit (loss) carried forward14 | €-85k | €-204k | €-343k | €-323k | €-282k | ▲ 12.8% |
| Amounts payable17/49 | €128k | €295k | €440k | €366k | €366k | = |
| Amounts payable after more than one year17 | - | €26k | €18k | €32k | €14k | ▼ 58.0% |
| Financial debts170/4 | - | €26k | €18k | €32k | €14k | ▼ 58.0% |
| Amounts payable within one year42/48 | €128k | €269k | €422k | €334k | €352k | ▲ 5.6% |
| Current portion of amounts payable after more than one year42 | - | €8k | €50k | €18k | €19k | ▲ 7.2% |
| Trade debts44 | €11k | €16k | €68k | €21k | €26k | ▲ 28.2% |
| Suppliers440/4 | €11k | €16k | €68k | €21k | €26k | ▲ 28.2% |
| Advances received on contracts in progress46 | - | - | €16k | - | - | - |
| Taxes, remuneration and social security45 | €18k | €36k | €52k | €55k | €74k | ▲ 35.8% |
| Taxes450/3 | €3k | €15k | €30k | €39k | €65k | ▲ 69.1% |
| Remuneration and social security454/9 | €15k | €21k | €22k | €16k | €9k | ▼ 44.4% |
| Other amounts payable47/48 | €99k | €208k | €236k | €240k | €232k | ▼ 3.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-85k | €-118k | €-139k | €20k | €41k | ▲ 109% |
| + Depreciation and write-downs630 | €4k | €20k | €23k | €20k | €7k | ▼ 64.2% |
| Operating cash flow (approximation) | €-81k | €-99k | €-116k | €40k | €48k | ▲ 21.6% |
| Investment in fixed assets (approximation) | - | €-31k | €0 | €-5k | €-21k | ▼ 296% |
| Change in cash | - | €-3k | €-5k | €-8k | €4k | ▲ 157% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2021net €41k ▲109%
Operating result €46k, net result €41k, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Back to profitnet €20k
Net result €20k after 3 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €-139k
Net result drops to €-139k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Ukkel · 1 establishment unit since 2020
Ground area
1,408 m²
Building footprint
796 m²
Volume, LiDAR
10,381 m³
Parcel 21616A0089/00R003, Brussels · tallest building 23.9 m, ±4 floors. Linked by address, not a title deed.
32
companies at this address
See who is registered here
1 establishment unit
Alsembergsesteenweg 993, 1180 Ukkel
since 20202.309.600.979
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616A0089/00R003 | Brussels | 1,408 m² | 1 · 796 m² | 23.9 m · 4 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.
Recognitions · licences · registrations
Dual-learning approval
4 live approvalsCommercieel assistent (vwo)
Commercieel assistent duaal (so)
Commerciële organisatie duaal (so)
Onthaal, organisatie en sales duaal (so)
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 2,119 companies in sector 46500 we hold annual accounts for 1,402. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
46492Wholesale trade
46500Wholesale of information and communication equipment
47640Retail sale of games and toys
93299Other amusement and recreation activities
Scores and ratios are computed by Checked and are not a credit decision.