SKILLIANT
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 16-03-2026 PDF all 11 filings
Turnover
€11.0m▼ 3.8%
2024 · €11.4m
EBIT margin
-3.1%▼ 2.2pp
2024 · -0.9%
Net result
-€289,559▼ 118%
2024 · -€133,087
Working capital
€1.7m▼ 5.7%
2024 · €1.8m
In the rankings
#7 employer in West Flanders, Education sector#7 company by total assets in Bruges, Education sector#8 company by staff growth in West Flanders, Education sector
Multi-year overview
2018 to 2025, 7 financial yearsTurnover
€11.0m
▼ 3.8%
2025
20182025
Operating result
-€337,043
▼ 235%
2025
20182025
Net result
-€289,559
▼ 118%
2025
lowest quarter of the sector
20182025
EBIT margin
-3.1%
▼ 2.2pp
2025
20182025
Equity
€2.2m
▼ 11.7%
2025
highest quarter of the sector
20182025
Total assets
€6.7m
▼ 4.3%
2025
highest quarter of the sector
20182025
Debt
€4.5m
▼ 0.3%
2025
20182025
Working capital
€1.7m
▼ 5.7%
2025
highest quarter of the sector
20182025
Solvency
32.9%
▼ 2.7pp
2025
middle half of the sector
20182025
Current ratio
1.69
▼ 0.03
2025
middle half of the sector
20182025
Return on assets (ROA)
-4.4%
▼ 2.4pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
46
▼ 0.2%
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202022202320242025
Turnover€11.6m-€11.6m▲ 0.1%€9.0m▼ 22.3%€15.8m-€11.4m▼ 28.1%€11.4m▲ 0.3%€11.0m▼ 3.8%
Operating result€0.08m-€0.2m▲ 121%€0.2m▲ 24.0%€0.8m-€0.5m▼ 45.7%-€0.1m-€0.3m▼ 235%
Net result€0.02m-€0.1m▲ 323%€0.2mabove the sector's middle half▲ 59.9%€0.6mabove the sector's middle half-€0.3mabove the sector's middle half▼ 45.6%-€0.1mbelow the sector's middle half-€0.3mbelow the sector's middle half▼ 118%
EBIT margin0.7%-1.6%▲ 0.9pp2.6%▲ 1.0pp5.3%-4.0%▼ 1.3pp-0.9%▼ 4.9pp-3.1%▼ 2.2pp
Equity€1.5m-€1.6m▲ 6.5%€1.7mabove the sector's middle half▲ 9.8%€2.3mabove the sector's middle half-€2.6mabove the sector's middle half▲ 13.8%€2.5mabove the sector's middle half▼ 5.1%€2.2mabove the sector's middle half▼ 11.7%
Total assets€5.0m-€5.3m▲ 4.5%€4.8mabove the sector's middle half▼ 7.8%€6.5mabove the sector's middle half-€7.3mabove the sector's middle half▲ 12.3%€7.0mabove the sector's middle half▼ 5.2%€6.7mabove the sector's middle half▼ 4.3%
Debt€3.6m-€3.7m▲ 3.7%€3.1m▼ 15.6%€4.2m-€4.7m▲ 11.3%€4.5m▼ 5.4%€4.5m▼ 0.3%
Working capital-€0.9m--€0.3m▲ 66.5%€0.7mabove the sector's middle half€2.1mabove the sector's middle half-€2.2mabove the sector's middle half▲ 7.7%€1.8mabove the sector's middle half▼ 17.8%€1.7mabove the sector's middle half▼ 5.7%
Solvency29.2%-29.8%▲ 0.6pp35.4%within the sector's middle half▲ 5.7pp35.1%within the sector's middle half-35.6%within the sector's middle half▲ 0.5pp35.7%within the sector's middle half▲ 0.1pp32.9%within the sector's middle half▼ 2.7pp
Current ratio0.73-0.91▲ 0.181.34within the sector's middle half▲ 0.431.94within the sector's middle half-1.86within the sector's middle half▼ 0.081.72within the sector's middle half▼ 0.141.69within the sector's middle half▼ 0.03
Return on assets (ROA)0.5%-1.8%▲ 1.4pp3.2%within the sector's middle half▲ 1.3pp8.9%above the sector's middle half-4.3%within the sector's middle half▼ 4.6pp-1.9%below the sector's middle half▼ 6.2pp-4.4%below the sector's middle half▼ 2.4pp
Staff (FTE)49.1-47.8▼ 2.6%40.8above the sector's middle half▼ 14.6%39.5above the sector's middle half-44.5above the sector's middle half▲ 12.7%46.1above the sector's middle half▲ 3.6%46above the sector's middle half▼ 0.2%
above
within
below
The sector band is the middle half of the companies in Education (NACE 85). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €337,043, larger than the loss of €100,760 in 2024. It is the lowest result since 2020.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.7m
Fixed assets
€2.4m ▼ 6.2%
Current assets
€4.2m ▼ 3.2%
Equity and liabilities €6.7m
Equity
€2.2m ▼ 11.7%
Provisions
€14,156 ▲ 11.3%
Debt
€4.5m ▼ 0.3%
Debt's share of the balance-sheet total rises from 64.2% to 66.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€126,547▼
2024 · €47,865
Cash flow
-€79,063▼
2024 · €15,538
Debt to equity
2.03▲
2024 · 1.80
ROE
-13.2%▼
2024 · -5.4%
Interest coverage
-8.78▼
2024 · 3.26
Debt ≤ 1 year
€2.5m▼
2024 · €2.5m
Debt > 1 year
€680,000=
2024 · €680,000
Income taxes
-€36,239▼
2024 · €61,644
Customer credit
64 days▼
2024 · 74 days
Supplier credit
7719 days▲
2024 · 4662 days
Staff costs
€4.0m▲
2024 · €3.9m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-08-2022 | 31-08-2023 | 31-08-2024 | 31-08-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 44 | 48 | 46 | 48 |
| full-time | 32 | 38 | 36 | 38 |
| part-time | 12 | 10 | 10 | 10 |
| in full-time equivalents | 41.7 | 46.1 | 43.8 | 45.1 |
| Average over the year, in full-time equivalents | 39.5 | 44.5 | 46.1 | 46 |
| On a permanent contract | 41 | 47 | 46 | 48 |
| Joined | 16 | 11 | 8 | 8 |
| Left | 13 | 7 | 10 | 6 |
| Agency workers, average number | 0.1 | 0.5 | - | - |
| Training hours | 2,706 | 1,948 | 2,300 | 2,224 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
| Item | 31-08-2022 | 31-08-2023 | 31-08-2024 | 31-08-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €321,158 | €283,729 | €215,919 | €43,913 |
| Financial fixed assets | - | €54,775 | - | - |
| Depreciation and write-downs of the year | €212,503 | €86,894 | €148,625 | €210,496 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Auditor
| Item | 31-08-2022 | 31-08-2023 | 31-08-2024 | 31-08-2025 |
|---|---|---|---|---|
| Fee for the audit | €15,007 | €9,000 | €9,659 | €14,043 |
Source: notes to the 2022 to 2025 annual accounts (relations with the auditor)
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €6,503 awarded · €6,503 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €1,104 | €1,104 |
| 2024 | 2 | €5,237 | €5,237 |
| 2022 | 1 | €162 | €162 |
European Union, budget
2022 · 1 entry · €492,505 in totalProjects
T-SHORE - TECHNICAL SKILLS FOR HARMONIZED OFFSHORE RENEWABLE ENERGY
Annual accounts
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €16.1m | €11.6m | €11.7m | €11.2m | ▼ 4.5% |
| Turnover70 | €11.6m | €11.6m | €9.0m | €15.8m | €11.4m | €11.4m | €11.0m | ▼ 3.8% |
| Other operating income74 | - | - | - | €0.1m | €0.2m | €0.2m | €0.1m | ▼ 36.7% |
| Non-recurring operating income76A | - | - | - | €0.1m | €0.08m | €0.08m | €0.07m | ▼ 17.4% |
| Operating charges60/66A | - | - | - | €15.2m | €11.2m | €11.8m | €11.5m | ▼ 2.5% |
| Goods for resale, raw materials and consumables60 | - | - | - | €0.2m | €0.1m | €0.2m | €0.08m | ▼ 44.9% |
| Purchases600/8 | - | - | - | €0.2m | €0.1m | €0.2m | €0.08m | ▼ 44.9% |
| Services and other goods61 | - | - | - | €10.0m | €7.4m | €7.6m | €7.2m | ▼ 5.6% |
| Remuneration, social security and pensions62 | - | - | - | €4.9m | €3.5m | €3.9m | €4.0m | ▲ 3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.3m | €0.3m | €0.3m | €0.2m | €0.09m | €0.1m | €0.2m | ▲ 41.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€0.02m | -€0.001m | -€0.007m | €0.02m | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€0.01m | €0.008m | €0.004m | €0.001m | ▼ 64.4% |
| Other operating charges640/8 | - | - | - | €0.009m | €0.008m | €0.02m | €0.02m | ▲ 13.1% |
| Non-recurring operating charges66A | - | - | - | €0.05m | €0.006m | €0.02m | €0.009m | ▼ 64.3% |
| Operating profit (loss)9901 | €0.08m | €0.2m | €0.2m | €0.8m | €0.5m | -€0.1m | -€0.3m | ▼ 235% |
| Financial income75/76B | - | - | - | €0.001m | €0.01m | €0.06m | €0.04m | ▼ 35.6% |
| Recurring financial income75 | €90 | €200 | €0.002m | €0.001m | €0.01m | €0.06m | €0.04m | ▼ 35.6% |
| Other financial income752/9 | - | - | - | €0.001m | €0.01m | €0.06m | €0.04m | ▼ 35.6% |
| Financial charges65/66B | - | - | - | €0.01m | €0.008m | €0.03m | €0.03m | ▼ 8.6% |
| Recurring financial charges65 | €0.01m | €0.01m | €0.007m | €0.01m | €0.008m | €0.03m | €0.03m | ▼ 8.6% |
| Debt charges650 | €0.003m | €0.001m | €72 | €0.001m | €146 | €0.01m | €0.01m | ▼ 2.0% |
| Other financial charges652/9 | - | - | - | €0.01m | €0.008m | €0.01m | €0.01m | ▼ 15.8% |
| Profit (loss) for the period before taxes9903 | €0.07m | €0.2m | €0.2m | €0.8m | €0.5m | -€0.07m | -€0.3m | ▼ 356% |
| Income taxes67/77 | €0.05m | €0.08m | €0.07m | €0.3m | €0.1m | €0.06m | -€0.04m | - |
| Taxes670/3 | - | - | - | €0.3m | €0.1m | €0.06m | €0.003m | ▼ 95.6% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €14 | €375 | €0 | €0.04m | ▲ 3,892,897× |
| Profit (loss) for the period9904 | €0.02m | €0.1m | €0.2m | €0.6m | €0.3m | -€0.1m | -€0.3m | ▼ 118% |
| Profit (loss) for the period to be appropriated9905 | €0.02m | €0.1m | €0.2m | €0.6m | €0.3m | -€0.1m | -€0.3m | ▼ 118% |
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €5.0m | €5.3m | €4.8m | €6.5m | €7.3m | €7.0m | €6.7m | ▼ 4.3% |
| Fixed assets21/28 | €2.7m | €2.5m | €2.2m | €2.3m | €2.5m | €2.6m | €2.4m | ▼ 6.2% |
| Intangible fixed assets21 | €0.6m | €0.4m | €0.1m | - | - | €0.2m | €0.1m | ▼ 47.4% |
| Tangible fixed assets22/27 | €0.1m | €0.1m | €0.07m | €0.3m | €0.5m | €0.3m | €0.2m | ▼ 18.5% |
| Plant, machinery and equipment23 | - | - | - | €0.04m | €0.02m | €0.01m | €0.02m | ▲ 36.0% |
| Furniture and vehicles24 | - | - | - | €0.008m | €0.03m | €0.07m | €0.07m | ▼ 7.8% |
| Other tangible fixed assets26 | - | - | - | €0.2m | €0.2m | €0.1m | €0.05m | ▼ 53.0% |
| Assets under construction and advance payments27 | - | - | - | - | €0.2m | €0.1m | €0.1m | ▲ 2.8% |
| Financial fixed assets28 | €2.0m | €2.0m | €2.0m | €2.0m | €2.1m | €2.1m | €2.1m | = |
| Affiliated companies280/1 | - | - | - | €2.0m | €2.1m | €2.1m | €2.1m | = |
| Participating interests280 | - | - | - | €2.0m | €2.1m | €2.1m | €2.1m | = |
| Other financial fixed assets284/8 | - | - | - | €0.003m | €40 | €40 | €40 | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.003m | €40 | €40 | €40 | = |
| Current assets29/58 | €2.3m | €2.7m | €2.6m | €4.2m | €4.8m | €4.3m | €4.2m | ▼ 3.2% |
| Amounts receivable after more than one year29 | - | - | - | - | - | €0.2m | €0.3m | ▲ 51.3% |
| Other amounts receivable291 | - | - | - | - | - | €0.2m | €0.3m | ▲ 51.3% |
| Amounts receivable within one year40/41 | €2.0m | €2.0m | €1.7m | €1.7m | €2.3m | €2.4m | €2.1m | ▼ 12.2% |
| Trade receivables40 | - | - | - | €1.6m | €2.2m | €2.3m | €1.9m | ▼ 16.6% |
| Other amounts receivable41 | - | - | - | €0.08m | €0.05m | €0.07m | €0.2m | ▲ 132% |
| Current investments50/53 | - | - | - | - | €1.7m | €1.2m | €1.4m | ▲ 14.3% |
| Other investments51/53 | - | - | - | - | €1.7m | €1.2m | €1.4m | ▲ 14.3% |
| Cash at bank and in hand54/58 | €0.2m | €0.7m | €0.9m | €2.6m | €0.8m | €0.4m | €0.4m | ▼ 4.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.03m | €0.04m | €0.2m | €0.05m | ▼ 67.8% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €5.0m | €5.3m | €4.8m | €6.5m | €7.3m | €7.0m | €6.7m | ▼ 4.3% |
| Equity10/15 | €1.5m | €1.6m | €1.7m | €2.3m | €2.6m | €2.5m | €2.2m | ▼ 11.7% |
| Contributions10/11 | €1.2m | €1.2m | - | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Reserves13 | €0.3m | €0.4m | €0.5m | €1.1m | €1.4m | €1.3m | €1.0m | ▼ 22.6% |
| Distributable reserves133 | - | - | - | €1.1m | €1.4m | €1.3m | €1.0m | ▼ 22.6% |
| Provisions and deferred taxes16 | - | - | €0.01m | €0.001m | €0.009m | €0.01m | €0.01m | ▲ 11.3% |
| Provisions for liabilities and charges160/5 | - | - | - | €0.001m | €0.009m | €0.01m | €0.01m | ▲ 11.3% |
| Pensions and similar obligations160 | - | - | - | €0.001m | €0.009m | €0.01m | €0.01m | ▲ 11.3% |
| Amounts payable17/49 | €3.6m | €3.7m | €3.1m | €4.2m | €4.7m | €4.5m | €4.5m | ▼ 0.3% |
| Amounts payable after more than one year17 | - | - | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Financial debts170/4 | - | - | - | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Other loans174 | - | - | - | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Amounts payable within one year42/48 | €3.1m | €3.0m | €2.0m | €2.2m | €2.6m | €2.5m | €2.5m | ▼ 1.4% |
| Trade debts44 | €1.5m | €1.9m | €1.6m | €1.2m | €1.9m | €1.9m | €1.8m | ▼ 8.7% |
| Suppliers440/4 | - | - | - | €1.2m | €1.9m | €1.9m | €1.8m | ▼ 8.7% |
| Taxes, remuneration and social security45 | - | - | - | €0.8m | €0.6m | €0.5m | €0.7m | ▲ 25.7% |
| Taxes450/3 | - | - | - | €0.4m | €0.1m | €0.1m | €0.1m | ▲ 16.1% |
| Remuneration and social security454/9 | - | - | - | €0.4m | €0.5m | €0.4m | €0.5m | ▲ 28.5% |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.05m | €0.03m | €0.02m | ▼ 21.1% |
| Accrued charges and deferred income492/3 | - | - | - | €1.3m | €1.5m | €1.3m | €1.3m | ▲ 1.7% |
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.02m | €0.1m | €0.2m | €0.6m | €0.3m | -€0.1m | -€0.3m | ▼ 118% |
| + Depreciation and write-downs630 | €0.3m | €0.3m | €0.3m | €0.2m | €0.09m | €0.1m | €0.2m | ▲ 41.6% |
| Operating cash flow (approximation) | €0.3m | €0.4m | €0.5m | €0.8m | €0.4m | €0.02m | -€0.08m | - |
| Investment in fixed assets (approximation) | - | -€0.1m | -€0.01m | - | -€0.3m | -€0.2m | -€0.05m | ▲ 77.5% |
| Change in cash | - | €0.5m | €0.2m | - | -€1.8m | -€0.4m | -€0.02m | ▲ 95.2% |
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, 2,686 companies had the same profile as SKILLIANT has now. Two years later, 93.7% were still going and 0.6% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 30% or more
- a small loss
93.7%
was still going
5.4%
stopped otherwise
0.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SKILLIANT itself: 0.4% within 12 months.
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 2,686 companies, not a prediction for SKILLIANT. 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.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-08-2025 | full format | 16-03-2026 | 2026-00057265 | |
| 31-08-2024 | full format | 12-03-2025 | 2025-00046666 | |
| 31-08-2023 | full format | 11-03-2024 | 2024-00041394 | |
| 31-08-2022 | full format | 21-03-2023 | 2023-00044535 | |
| 31-12-2020 | full format | 25-06-2021 | 2021-24900062 | |
| 31-12-2019 | full format | 29-06-2020 | 2020-22300327 | |
| 31-12-2018 | full format | 21-06-2019 | 2019-20500122 | |
| 31-12-2017 | full format | 25-06-2018 | 2018-21600027 | |
| 31-12-2016 | full format | 30-06-2017 | 2017-27900571 | |
| 31-12-2015 | full format | 24-06-2016 | 2016-21000525 |