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LEARNSTUDIO

Active
Private limited companyfounded 20242 yrs activeParc Artisanal de Blegny 11, 4671 Blégny, BelgiumKBO/BCE: BE 1012.453.534
Summary

LEARNSTUDIO has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€12,343) and a net result of -€77,087. Its solvency ranks better than 17% of 2071 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability23▼-9
Solvency22▼-23
Growth32
Track record82
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.48 against 0.34 in 2024; short-term debt: 78.6% and cash: 4.2% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
-2.8%
Return on assets
-17.5%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
2425
2024 to 2025 · latest year -€12,343
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 30-06-2026, 31 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
31 d early
2024
24 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 28 days before the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% of the sector filed late.

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 months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 13 August 2024, LEARNSTUDIO was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
-€12,343
2024 · €84,033
Total assets
€441,504▲ 6.5%
2024 · €414,673
Net result
-€77,087▼ 27.2%
2024 · -€60,620
Working capital
-€180,180▼ 12.6%
2024 · -€160,013
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result-€76,730--€83,841▼ 9.3%
Net result-€60,620below the sector's middle half--€77,087below the sector's middle half▼ 27.2%
Equity€84,033within the sector's middle half--€12,343below the sector's middle half
Total assets€414,673above the sector's middle half-€441,504above the sector's middle half▲ 6.5%
Debt€330,640-€453,847▲ 37.3%
Working capital-€160,013below the sector's middle half--€180,180below the sector's middle half▼ 12.6%
Solvency20.3%within the sector's middle half--2.8%below the sector's middle half▼ 23.1pp
Current ratio0.34below the sector's middle half-0.48below the sector's middle half▲ 0.14
Return on assets (ROA)-14.6%below the sector's middle half--17.5%below the sector's middle half▼ 2.8pp
Staff (FTE)3.6-3.9▲ 8.3%
above within below the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€100,000-€75,000-€50,000-€25,000€0Operating result 2024: -€76,730-€76,730Net result 2024: -€60,620-€60,620Operating result 2025: -€83,841-€83,841Net result 2025: -€77,087-€77,08720242025-€100,000-€75,000-€50,000-€25,000€0Operating result 2024: -€76,730-€76,700Net result 2024: -€60,620-€60,600Operating result 2025: -€83,841-€83,800Net result 2025: -€77,087-€77,10020242025
The operating result stays negative: a loss of €83,841 in 2025 against €76,730 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €439,773
Fixed assets €273,090 ▼ 17.1%
Current assets €166,683 ▲ 101%
Key figures and ratios
2025 value · change against 2024
EBITDA
€33,294▲
2024 · €32,978
Cash flow
€40,048▼
2024 · €49,088
Debt to equity
-36.77▼
2024 · 3.93
Interest coverage
2.78▼
2024 · 3.79
Debt ≤ 1 year
€346,862▲
2024 · €242,883
Debt > 1 year
€106,985▲
2024 · €87,758
Income taxes
€549▲
2024 · €538
Staff costs
€237,266▲
2024 · €169,749
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 7,638 companies that looked in July 2024 the way this one looks now, 8.9% went bankrupt within 24 months and 85% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.9% went bankrupt
5.6% stopped otherwise
85% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 7,638 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet Code20242025
Assets
Total assets20/58€414,673€441,504▲
Formation expenses20€2,215€1,731▼
Fixed assets21/28€329,589€273,090▼
Intangible fixed assets21€324,982€271,395▼
Tangible fixed assets22/27€4,607€1,395▼
Furniture and vehicles24€3,891€922▼
Other tangible fixed assets26€716€473▼
Financial fixed assets28-€300
Current assets29/58€82,869€166,683▲
Amounts receivable within one year40/41€50,060€147,939▲
Trade receivables40€50,060€145,553▲
Other amounts receivable41-€2,386
Cash at bank and in hand54/58€21,999€18,743▼
Deferred charges and accrued income490/1€10,810-
Equity and liabilities
Total equity and liabilities10/49€414,673€441,504▲
Equity10/15€84,033-€12,343▼
Contributions10/11€7,156€7,156=
Reserves13€1,191€1,191=
Distributable reserves133€1,191€1,191=
Profit (loss) carried forward14€50,636-€26,451▼
Investment grants15€25,050€5,761▼
Amounts payable17/49€330,640€453,847▲
Amounts payable after more than one year17€87,758€106,985▲
Financial debts170/4€87,758€106,985▲
Amounts payable within one year42/48€242,883€346,862▲
Current portion of amounts payable after more than one year42€33,236€36,323▲
Financial debts43-€100,000
Credit institutions430/8-€100,000
Trade debts44€6,852€10,866▲
Suppliers440/4€6,852€10,866▲
Taxes, remuneration and social security45€12,524€36,059▲
Taxes450/3€6,355€5,619▼
Remuneration and social security454/9€6,169€30,440▲
Other amounts payable47/48€190,270€163,614▼
Income statement Code20242025
Remuneration, social security and pensions62€169,749€237,266▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€109,708€117,135▲
Gross operating margin9900€202,727€270,560▲
Operating profit (loss)9901-€76,730-€83,841▼
Financial income75/76B€25,350€19,289▼
Recurring financial income75€25,350€19,289▼
Financial charges65/66B€8,702€11,986▲
Recurring financial charges65€8,702€11,986▲
Profit (loss) for the period before taxes9903-€60,082-€76,538▼
Income taxes67/77€538€549▲
Profit (loss) for the period9904-€60,620-€77,087▼
Profit (loss) for the period to be appropriated9905-€60,620-€77,087▼
Appropriation of the result
Profit (loss) to be appropriated9906€50,636-€26,451▼
Profit (loss) brought forward from the previous period14P€111,256€50,636▼

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Remuneration, social security and pensions62€169,749€237,266▲ 39.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€109,708€117,135▲ 6.8%
Gross operating margin9900€202,727€270,560▲ 33.5%
Operating profit (loss)9901-€76,730-€83,841▼ 9.3%
Financial income75/76B€25,350€19,289▼ 23.9%
Recurring financial income75€25,350€19,289▼ 23.9%
Financial charges65/66B€8,702€11,986▲ 37.7%
Recurring financial charges65€8,702€11,986▲ 37.7%
Profit (loss) for the period before taxes9903-€60,082-€76,538▼ 27.4%
Income taxes67/77€538€549▲ 2.0%
Profit (loss) for the period9904-€60,620-€77,087▼ 27.2%
Profit (loss) for the period to be appropriated9905-€60,620-€77,087▼ 27.2%
Line20242025Change
Assets
Total assets20/58€414,673€441,504▲ 6.5%
Formation expenses20€2,215€1,731▼ 21.9%
Fixed assets21/28€329,589€273,090▼ 17.1%
Intangible fixed assets21€324,982€271,395▼ 16.5%
Tangible fixed assets22/27€4,607€1,395▼ 69.7%
Furniture and vehicles24€3,891€922▼ 76.3%
Other tangible fixed assets26€716€473▼ 33.9%
Financial fixed assets28-€300-
Current assets29/58€82,869€166,683▲ 101%
Amounts receivable within one year40/41€50,060€147,939▲ 196%
Trade receivables40€50,060€145,553▲ 191%
Other amounts receivable41-€2,386-
Cash at bank and in hand54/58€21,999€18,743▼ 14.8%
Deferred charges and accrued income490/1€10,810--
Equity and liabilities
Total equity and liabilities10/49€414,673€441,504▲ 6.5%
Equity10/15€84,033-€12,343▼ 115%
Contributions10/11€7,156€7,156=
Reserves13€1,191€1,191=
Distributable reserves133€1,191€1,191=
Profit (loss) carried forward14€50,636-€26,451▼ 152%
Investment grants15€25,050€5,761▼ 77.0%
Amounts payable17/49€330,640€453,847▲ 37.3%
Amounts payable after more than one year17€87,758€106,985▲ 21.9%
Financial debts170/4€87,758€106,985▲ 21.9%
Amounts payable within one year42/48€242,883€346,862▲ 42.8%
Current portion of amounts payable after more than one year42€33,236€36,323▲ 9.3%
Financial debts43-€100,000-
Credit institutions430/8-€100,000-
Trade debts44€6,852€10,866▲ 58.6%
Suppliers440/4€6,852€10,866▲ 58.6%
Taxes, remuneration and social security45€12,524€36,059▲ 188%
Taxes450/3€6,355€5,619▼ 11.6%
Remuneration and social security454/9€6,169€30,440▲ 393%
Other amounts payable47/48€190,270€163,614▼ 14.0%
Line20242025Change
Profit (loss) for the period9904-€60,620-€77,087▼ 27.2%
+ Depreciation and write-downs630€109,708€117,135▲ 6.8%
Operating cash flow (approximation)€49,088€40,048▼ 18.4%
Investment in fixed assets (approximation)--€60,637-
Change in cash--€3,256-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
30-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
07-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Blégny · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
4,448 m²
Building footprint
993 m²
Parcel 62010F0033/00C002, Wallonia. Linked by address, not a title deed.
27 companies at this address See who is registered here
1 establishment unit
LEARN STUDIO
Parc Artisanal de Blegny 11, 4671 BlégnyOther professional, scientific and technical activities
since 20242.364.958.087
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62010F0033/00C002 Wallonia 4,448 m² 1 · 993 m² -
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.

Similar companies · same sector, comparable size

Of 11,672 companies in sector 85599 we hold annual accounts for 1,330. 1,036 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded13-08-2024
Fiscal year end31-12
Activities, NACEBEL 2025
58290Other software publishing
85599Other education
47400Retail sale of information and communication equipment
74301Translation services
82100Office administrative and support services
82300Organisation of conventions and trade shows
85592Vocational training
E-invoicing
Reachable via Peppol
Peppol ID 0208:1012453534
Also 9925:BE1012453534
Registered 01-07-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.