PhiloCité
ActiveSummary
PhiloCité has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €294,220 and a net result of -€93,572. Equity is growing by ~15.2% per year across the filed fiscal years. Its solvency ranks better than 79% of 2547 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-72
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21,000 at 30 days acceptable
Liquidity ample (current ratio 4.42 against 6.49 in 2023; short-term debt: 22.3% and cash: 92.3% of total assets), and 22.3% of the assets are financed with debt.
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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 · 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 2024Solvency, return and age of the figures
Solvency
77.7%
Return on assets
-24.7%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
20 d early
2022
32 d late
2021
19 d late
2020
17 d late
2019
67 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 14 days after 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 (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€93,572
2023 · €10,735
Working capital
€288,720▼ 27.0%
2023 · €395,666
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
Line20202021202220232024
Operating result-€17,685-€20,377▼ 15.2%€219,959€10,791▼ 95.1%-€93,514
Net result-€17,698below the sector's middle half-€21,180below the sector's middle half▼ 19.7%€221,753above the sector's middle half€10,735within the sector's middle half▼ 95.2%-€93,572below the sector's middle half
Equity€176,484above the sector's middle half▼ 9.1%€155,304above the sector's middle half▼ 12.0%€377,057above the sector's middle half▲ 143%€387,792above the sector's middle half▲ 2.8%€294,220above the sector's middle half▼ 24.1%
Total assets€239,649within the sector's middle half▼ 8.8%€225,930within the sector's middle half▼ 5.7%€440,438above the sector's middle half▲ 94.9%€473,183above the sector's middle half▲ 7.4%€378,611above the sector's middle half▼ 20.0%
Debt€63,165▼ 8.0%€70,626▲ 11.8%€63,381▼ 10.3%€85,391▲ 34.7%€84,391▼ 1.2%
Working capital€189,615above the sector's middle half▼ 7.9%€165,819above the sector's middle half▼ 12.5%€377,023above the sector's middle half▲ 127%€395,666above the sector's middle half▲ 4.9%€288,720above the sector's middle half▼ 27.0%
Solvency73.6%above the sector's middle half▼ 0.2pp68.7%within the sector's middle half▼ 4.9pp85.6%above the sector's middle half▲ 16.9pp82.0%above the sector's middle half▼ 3.7pp77.7%above the sector's middle half▼ 4.2pp
Current ratio5.36above the sector's middle half▲ 0.394.07above the sector's middle half▼ 1.297.54above the sector's middle half▲ 3.476.49above the sector's middle half▼ 1.054.42above the sector's middle half▼ 2.06
Return on assets (ROA)-7.4%below the sector's middle half▼ 20.0pp-9.4%below the sector's middle half▼ 2.0pp50.3%above the sector's middle half▲ 59.7pp2.3%within the sector's middle half▼ 48.1pp-24.7%below the sector's middle half▼ 27.0pp
Staff (FTE)6.16.8▲ 11.5%8▲ 17.6%
above
within
below
the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €93,514 after €10,791 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €378,611
Fixed assets
€5,500 ▲ 2.2%
Current assets
€373,111 ▼ 20.2%
Equity and liabilities €378,611
Equity
€294,220 ▼ 24.1%
Debt
€84,391 ▼ 1.2%
Debt's share of the balance-sheet total rises from 18.0% to 22.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€93,130▼
2023 · €11,175
Cash flow
-€93,188▼
2023 · €11,119
Debt to equity
0.29▲
2023 · 0.22
ROE
-31.8%▼
2023 · 2.8%
Interest coverage
-1311.69▼
2023 · 196.05
Debt ≤ 1 year
€84,391▲
2023 · €72,133
Staff costs
€595,988▲
2023 · €427,240
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,815 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.9%
went bankrupt
9.8%
stopped otherwise
88%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: < 0.1% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 4,815 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €63,057 | - |
| Remuneration, social security and pensions62 | - | €369,637 | €372,298 | €427,240 | €595,988 | ▲ 39.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €384 | €384 | €384 | €384 | €384 | = |
| Other operating charges640/8 | - | €1,046 | €2,826 | €13,049 | €4,647 | ▼ 64.4% |
| Gross operating margin9900 | €317,140 | €350,690 | €595,467 | €451,464 | €507,505 | ▲ 12.4% |
| Operating profit (loss)9901 | -€17,685 | -€20,377 | €219,959 | €10,791 | -€93,514 | ▼ 967% |
| Financial income75/76B | - | - | €1,844 | €1 | €13 | ▲ 1,200% |
| Recurring financial income75 | - | - | €1,844 | €1 | €13 | ▲ 1,200% |
| Financial charges65/66B | - | €803 | €50 | €57 | €71 | ▲ 24.6% |
| Recurring financial charges65 | €13 | €44 | €50 | €57 | €71 | ▲ 24.6% |
| Non-recurring financial charges66B | - | €759 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€17,698 | -€21,180 | €221,753 | €10,735 | -€93,572 | ▼ 972% |
| Profit (loss) for the period9904 | -€17,698 | -€21,180 | €221,753 | €10,735 | -€93,572 | ▼ 972% |
| Profit (loss) for the period to be appropriated9905 | -€17,698 | -€21,180 | €221,753 | €10,735 | -€93,572 | ▼ 972% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €239,649 | €225,930 | €440,438 | €473,183 | €378,611 | ▼ 20.0% |
| Fixed assets21/28 | €6,536 | €6,152 | €5,768 | €5,384 | €5,500 | ▲ 2.2% |
| Intangible fixed assets21 | €1,536 | €1,152 | €768 | €384 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €0 | €0 | - | - | - | - |
| Financial fixed assets28 | €5,000 | €5,000 | €5,000 | €5,000 | €5,500 | ▲ 10.0% |
| Current assets29/58 | €233,113 | €219,778 | €434,670 | €467,799 | €373,111 | ▼ 20.2% |
| Amounts receivable within one year40/41 | €15,671 | €27,748 | €91,742 | €52,778 | €20,019 | ▼ 62.1% |
| Trade receivables40 | - | €4,694 | €25,901 | €28,103 | €4,016 | ▼ 85.7% |
| Other amounts receivable41 | - | €23,054 | €65,841 | €24,675 | €16,003 | ▼ 35.1% |
| Cash at bank and in hand54/58 | €214,963 | €191,193 | €336,293 | €410,259 | €349,571 | ▼ 14.8% |
| Deferred charges and accrued income490/1 | - | €837 | €6,635 | €4,762 | €3,521 | ▼ 26.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €239,649 | €225,930 | €440,438 | €473,183 | €378,611 | ▼ 20.0% |
| Equity10/15 | €176,484 | €155,304 | €377,057 | €387,792 | €294,220 | ▼ 24.1% |
| Contributions10/11 | - | - | €31,999 | €31,999 | €31,999 | = |
| Capital10 | - | - | €31,999 | €31,999 | €31,999 | = |
| Reserves13 | - | €160,000 | €298,298 | €298,298 | €214,726 | ▼ 28.0% |
| Profit (loss) carried forward14 | -€15,515 | -€36,695 | €46,760 | €57,495 | €47,495 | ▼ 17.4% |
| Amounts payable17/49 | €63,165 | €70,626 | €63,381 | €85,391 | €84,391 | ▼ 1.2% |
| Amounts payable within one year42/48 | €43,498 | €53,959 | €57,647 | €72,133 | €84,391 | ▲ 17.0% |
| Trade debts44 | €5,801 | €2,442 | €3,583 | €3,614 | €2,172 | ▼ 39.9% |
| Suppliers440/4 | - | €2,442 | €3,583 | €3,614 | €2,172 | ▼ 39.9% |
| Taxes, remuneration and social security45 | - | €51,286 | €54,064 | €58,145 | €82,219 | ▲ 41.4% |
| Remuneration and social security454/9 | - | €51,286 | €54,064 | €58,145 | €82,219 | ▲ 41.4% |
| Accrued charges and deferred income492/3 | - | €16,667 | €5,734 | €13,258 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,698 | -€21,180 | €221,753 | €10,735 | -€93,572 | ▼ 972% |
| + Depreciation and write-downs630 | €384 | €384 | €384 | €384 | €384 | = |
| Operating cash flow (approximation) | -€17,314 | -€20,796 | €222,137 | €11,119 | -€93,188 | ▼ 938% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€500 | - |
| Change in cash | - | -€23,770 | €145,100 | €73,966 | -€60,688 | ▼ 182% |
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
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€93,572
Net result drops to -€93,572, the lowest in the series.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Back to profitnet €221,753
Net result €221,753 after 2 loss-making years.
31-12
Financial
Equity above €200,000Eq €377,057 ▲143%
Equity rises from €155,304 to €377,057.
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 67 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Liège · 1 establishment unit since 2012
Ground area
96 m²
Building footprint
38 m²
Volume, LiDAR
458 m³
Parcel 62063C0576/00A000, Wallonia · tallest building 13.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
PhiloCité
since 20122.210.001.676
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62063C0576/00A000 | Wallonia | 96 m² | 1 · 38 m² | 13.6 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.
Public money · subsidies and aid
Wallonia-Brussels Federation
2023 to 2025 · 27 entries · 781,234 EUR in total| Year | Entries | paid |
|---|---|---|
| 2025 | 10 | 275,275 EUR |
| 2024 | 9 | 258,510 EUR |
| 2023 | 8 | 247,449 EUR |
Budget allocations
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Of 998 companies in sector 85593 we hold annual accounts for 130. 98 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded13-10-2010
Fiscal year end31-12
Activities, NACEBEL 2025
85593Socio-cultural adult education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0830226958
Registered
04-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.