LEARNSTUDIO
ActiveSummary
LEARNSTUDIO has been active since 2024 and the Belgian Official 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 16% of 2,573 sector peers (NACE 85, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
- Staff
- 3.9 FTE
- Equity
- -€12,343
- Loss
- -€77,087
Why 53raises riskCapped at 59: negative equityNegative equity -€12,343Loss of €77,087, the second in a row (financial year 2025)lowers riskSector: Education (NACE 85)Size: total assets €441,504Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 15% on solvency, 7% on liquidity, 21% on profitability and 4% on growth.
The bankruptcy probability was computed on 18-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 28 days before the deadline; the sector median (NACE 85) for financial year 2024 is 16 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- IncorporationAppointment: Language Communication Management (director)…
Financials · financial year 2025, micro format
2024 to 2025, 2 financial years
The operating result stays negative: a loss of €83,841 in 2025 against €76,730 in 2024; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 85, Education: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 7,638 companies that looked in July 2024 the way this one looks now, 8.9% went bankrupt within 24 months and 84.9% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% 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 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.8% |
| 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 74.5% 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| 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% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| 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 | - |
| 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 | ▼ 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% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| 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.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00243081 |
| 31-12-2024 | micro format | 07-07-2025 | 2025-00239577 |
Similar companies · same sector and region
Public contracts
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. Values as the buyer published them; for a framework agreement, a ceiling.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 connected companyThe connected companies are in the list below.
History
Acts, filings and financial milestones
16-08
Gazette deed
IncorporationAppointment: Language Communication Management (director) · Permanent representative: Michel DEMONCEAU · Founder17 facts ▸
- Incorporation, 30-07-2024
- Founder, Michel DEMONCEAU
- Founder, Sylvia VAN LEQUACK
- Founder, Hany LIBON
- Founding capital, €170,003.12
- Demerger, “scission partielle, branche d'activité digitale” (deed in French)
- Auditor report, “Norme relative à la mission du réviseur d'entreprises dans le cadre d'un apport en nature et d'un quasi-apport, Assemblée générale extraordinaire” (deed in French) (2 times)
- Capital contribution
- Other provision, “libération des actions d'apport en nature, intégralement libérée” (deed in French)
- Other provision, “plan financier, article 12:74 §1er du Code des Sociétés et des Associations” (deed in French)
- Capital
- Other provision, “conformément à la loi, effectivité décisions finales” (deed in French)
- +5 further facts in this act
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 18 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62010F0033/00C002 | Wallonia | 4,448 m² | 1 · 993 m² | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “La conception, le développement, la production, la diffusion, l’édition, l’exploitation, l’achat, la vente, la location, la maintenance et…” (deed in French)
2 activities (deed in French)
- La conception, le développement, la production, la diffusion, l’édition, l’exploitation, l’achat, la vente, la location, la maintenance et la distribution de tous programmes informatiques, logiciels, services et contenus sur supports physiques ou en ligne liés à la formation et l’évaluation de compétences et de connaissances.
- Toutes prestations de conseil, de service, d'étude, d'ingénierie et de formation notamment en matière de gestion, d'informatique, de formation, d’évaluation, de linguistique et de langues étrangères.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- LEARNSTUDIO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, pour autant que cette décision n’entraîne pas de changement en matière de régime linguistique applicable à la société” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Nommés avec ou sans limitation de durée, un ou plusieurs administrateurs,personnes physiques ou morales,actionnaires ou non” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives avec mentions requises par le Code des sociétés et des associations” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Pour moitié à charge du cédant et pour moitié à charge du ou des acquéreurs,proportionnellement au nombre d’actions acquises s’ils sont…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Friday of June at 18:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Assemblée générale, prévues pour modifications statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et moment, désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments” (deed in French)