Open EdTech
ActiveSummary
Open EdTech has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1,716 and a net result of €890. Equity has been growing by about 125% per year since 2023. The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 31-05-2023 Normal situation
- Registered office
- 83 active companies are registered at this address 2 started in the 12 months before. Source: KBO register, as of 4 November 2026.
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Reachable since 02-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €968
- ▼ 20.7%
- Turnover
- ≈ €7,400
- estimated
- Surplus
- €890
- ▼ 24.3%
- Equity
- €1,716
- ▲ 108%
- Total assets
- €6,228
- ▲ 156%
Score breakdownraises riskFounded in 2023No main activity registeredlowers riskLegal form: int'l non-profit associationLiquidity: current ratio 1.38, cash €6,228Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 (no NACE code, micro). It does better than 32% of them on solvency, 58% on liquidity, 54% on profitability and 93% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 107 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 04-03-2026 PDF all 3 filings
Every figure per financial year
The operating result for 2025 is 21% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Gross operating margin9900 | -€349 | €1,220 | €968 | ▼ 20.7% |
| Operating profit (loss)9901 | -€349 | €1,220 | €968 | ▼ 20.7% |
| Financial charges65/66B | - | €45 | €78 | ▲ 73.3% |
| Recurring financial charges65 | - | €45 | €78 | ▲ 73.3% |
| Profit (loss) for the period before taxes9903 | -€349 | €1,175 | €890 | ▼ 24.3% |
| Profit (loss) for the period9904 | -€349 | €1,175 | €890 | ▼ 24.3% |
| Profit (loss) for the period to be appropriated9905 | -€349 | €1,175 | €890 | ▼ 24.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | - | €2,433 | €6,228 | ▲ 156% |
| Current assets29/58 | - | €2,433 | €6,228 | ▲ 156% |
| Cash at bank and in hand54/58 | - | €2,433 | €6,228 | ▲ 156% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €0 | €2,433 | €6,228 | ▲ 156% |
| Equity10/15 | -€349 | €826 | €1,716 | ▲ 108% |
| Profit (loss) carried forward14 | -€349 | €826 | €1,716 | ▲ 108% |
| Amounts payable17/49 | €349 | €1,607 | €4,512 | ▲ 181% |
| Amounts payable within one year42/48 | €349 | €1,607 | €4,512 | ▲ 181% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€349 | €1,175 | €890 | ▼ 24.3% |
| Operating cash flow (approximation) | -€349 | €1,175 | €890 | ▼ 24.3% |
| Change in cash | - | - | €3,795 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 7,976 companies had the same profile as Open EdTech has now. Two years later, 94.3% were still going and 3.6% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Open EdTech itself is lower: 0.1% within 12 months. It rests on far more data about Open EdTech than the profile alone.
Test of the method
The method was tested on the 497,446 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 7,976 companies, not a prediction for Open EdTech. 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.
Board & ownership
Directors
Board 1
Other functions 2
Owners and capital
Shareholders
- MOODLE (BE 0795.221.341) founder
- BIGBLUEBUTTON (BE 0795.221.638) founder
Mandate history
- Board
- Other function
| Name | Functions and periods |
|---|---|
| Frederick Dixon |
|
| Martin Dougiamas |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Conseil administration composition mandat, 8”“90, moyens_de_communication_spéciaux”“24.10, pas_en_mesure_ou_pas_désireux_de_présider”“24.11, tiers”“26, déterminés_dans_convocation”“Moyens de communication standards, 27”
- Membership ruleThe articles set who can become a member or partner, and on what terms.
- “Ceux définis dans et conformément aux Statuts, Membres fondateurs seront les deux premiers Membres Effectifs”“Toute personne morale répondant cumulativement aux critères, Membre Effectif”“Droits spécifiquement accordés dans ou en vertu des Statuts, Membre Associé”
Articles of association, deed of 08-06-2023 (in French)
Network & group
Open EdTech shares no director with another company.
Companies at the same address
82 other companies- The Sumaira Foundation Europe Registered office · since 2026 1039150706
- FORUM DES INTELLECTUELS CONGOLAIS DE L'ETRANGER EN BELGIQUE AISBL Establishment · since 2025 0804792271
- Fédération des Fabricants de Briquets Europe Registered office · since 2025 1030166229
- EUROPEAN PRODUCERS CLUB - CLUB DES PRODUCTEURS EUROPEENS Establishment · since 2025 1020528486
- EDUCATION AND TRAINING PLATFORM FOR LABORATORY ANIMAL SCIENCE Registered office · since 2025 1023983072
- Regional Expert Group on Migration and Health for Eurasia Registered office · since 2025 1021280138
- International Public Relations Network Registered office · since 2024 1011494422
- Alpha- 1 Europe Alliance Registered office · since 2024 1001288636
- Orange Together : Fédération Internationale des Syndicats du Groupe Orange Registered office · since 2023 0799857743
- Cochlear Implant International Community of Action Registered office · since 2023 0798221710
Connections & network
1 current directorThe network starts from the directors of Open EdTech. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
08-06
Gazette deed
IncorporationAppointments: Martin Dougiamas (premierprésidenttelquimprimé) and Frederick Dixon (premierprésidenttelquimprimé) · Founder · Registered office clause11 points ▸
- Founder, MOODLE
- Founder, BIGBLUEBUTTON
- Other provision, “représentation pour constitution, Représentant” (deed in French), mentioned 2 times in the deed
- Incorporation, “Open EdTech” (deed in French)
- General meeting, 23-03-2023
- Director appointment, Martin Dougiamas (premierprésidenttelquimprimé)
- Director appointment, Frederick Dixon (premierprésidenttelquimprimé)
- Director appointment, Martin Dougiamas (premierprésident)
- Director appointment, Frederick Dixon (premiervice président)
- Registered office clause, “RueWashington40,1050Ixelles,Belgique”, 5 (deed in French)
- Pre-incorporation commitments, “takeover, obligationsengagementscontractésetactifsacquisnom etpourcomptedeAISBLdotéepersonnalitéassumés transférésàpartirjouracquisitionpersonnalité” (deed in French)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21447B0226/00X006 | Brussels | 3,155 m² | 1 · 840 m² | 24.6 m · 2 |