TECHNOCAMPUS
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 02-07-2026 at the NBB all 20 filings
Turnover
€1.8m▲ 17.8%
2024 · €1.5m
EBIT margin
11.1%▼ 17.4pp
2024 · 28.5%
Net result
€271,041▼ 39.0%
2024 · €444,306
Working capital
€10.8m▲ 1.1%
2024 · €10.7m
In the rankings
#1 company by total assets in Charleroi, Education sector#3 employer in Hainaut, Education sector#5 company by staff growth in Hainaut, Education sector
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€1.8m
▲ 17.8%
2025
20182025
Operating result
€200,401
▼ 54.1%
2025
20182025
Net result
€271,041
▼ 39.0%
2025
highest quarter of the sector
20182025
EBIT margin
11.1%
▼ 17.4pp
2025
20182025
Equity
€4.6m
▼ 4.3%
2025
highest quarter of the sector
20182025
Total assets
€13.6m
=
2025
highest quarter of the sector
20182025
Debt
€8.6m
▲ 2.5%
2025
20182025
Working capital
€10.8m
▲ 1.1%
2025
highest quarter of the sector
20182025
Solvency
33.8%
▼ 1.5pp
2025
middle half of the sector
20182025
Current ratio
7.96
▼ 0.05
2025
highest quarter of the sector
20182025
Return on assets (ROA)
2.0%
▼ 1.3pp
2025
middle half of the sector
20182025
Staff (FTE)
82.2
▼ 1.7%
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€0.9m-€0.8m▼ 6.5%€0.5m▼ 33.5%€1.1m▲ 97.6%€1.2m▲ 14.2%€1.5m▲ 25.5%€1.5m▼ 1.0%€1.8m▲ 17.8%
Operating result-€0.5m--€0.9m▼ 72.2%€0.4m€0.5m▲ 10.9%€0.7m▲ 34.3%€0.5m▼ 28.7%€0.4m▼ 7.1%€0.2m▼ 54.1%
Net result-€0.5m--€0.9m▼ 63.5%€0.4mabove the sector's middle half€0.5mabove the sector's middle half▲ 7.9%€0.6mabove the sector's middle half▲ 36.3%€0.5mabove the sector's middle half▼ 27.8%€0.4mabove the sector's middle half▼ 4.1%€0.3mabove the sector's middle half▼ 39.0%
EBIT margin-59.6%--109.7%▼ 50.1pp80.9%▲ 190.6pp45.4%▼ 35.5pp53.4%▲ 8.0pp30.3%▼ 23.1pp28.5%▼ 1.9pp11.1%▼ 17.4pp
Equity€3.1m-€3.5m▲ 11.7%€3.6mabove the sector's middle half▲ 2.5%€3.1mwithin the sector's middle half▼ 14.0%€3.6mwithin the sector's middle half▲ 17.2%€3.9mwithin the sector's middle half▲ 9.5%€4.8mabove the sector's middle half▲ 21.7%€4.6mabove the sector's middle half▼ 4.3%
Total assets€9.7m-€10.7m▲ 10.3%€8.4mabove the sector's middle half▼ 21.0%€8.0mabove the sector's middle half▼ 5.2%€9.8mabove the sector's middle half▲ 22.3%€9.6mabove the sector's middle half▼ 1.4%€13.6mabove the sector's middle half▲ 41.0%€13.6mabove the sector's middle half=
Debt€6.5m-€7.1m▲ 8.9%€4.5m▼ 37.0%€4.6m▲ 1.8%€5.9m▲ 28.9%€5.3m▼ 9.7%€8.4m▲ 58.7%€8.6m▲ 2.5%
Working capital€6.4m-€7.0m▲ 9.4%€5.8mabove the sector's middle half▼ 17.4%€5.3mabove the sector's middle half▼ 9.5%€6.8mabove the sector's middle half▲ 29.9%€6.4mabove the sector's middle half▼ 5.9%€10.7mabove the sector's middle half▲ 66.1%€10.8mabove the sector's middle half▲ 1.1%
Solvency32.2%-32.7%▲ 0.4pp42.4%within the sector's middle half▲ 9.7pp38.4%within the sector's middle half▼ 3.9pp36.8%within the sector's middle half▼ 1.6pp40.9%within the sector's middle half▲ 4.1pp35.3%within the sector's middle half▼ 5.6pp33.8%within the sector's middle half▼ 1.5pp
Current ratio4.00-3.51▼ 0.504.32within the sector's middle half▲ 0.823.49within the sector's middle half▼ 0.834.59within the sector's middle half▲ 1.105.59within the sector's middle half▲ 1.008.02above the sector's middle half▲ 2.437.96above the sector's middle half▼ 0.05
Return on assets (ROA)-5.4%--8.1%▼ 2.6pp5.2%within the sector's middle half▲ 13.2pp5.9%within the sector's middle half▲ 0.7pp6.6%above the sector's middle half▲ 0.7pp4.8%within the sector's middle half▼ 1.8pp3.3%within the sector's middle half▼ 1.5pp2.0%within the sector's middle half▼ 1.3pp
Staff (FTE)64.7-60.6▼ 6.3%58.2above the sector's middle half▼ 4.0%64above the sector's middle half▲ 10.0%66.8above the sector's middle half▲ 4.4%78.6above the sector's middle half▲ 17.7%83.6above the sector's middle half▲ 6.4%82.2above the sector's middle half▼ 1.7%
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 54% lower than in 2024 and the lowest since 2021. It is the third fall in a row.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.6m
Fixed assets
€1.2m ▼ 11.0%
Current assets
€12.4m ▲ 1.2%
Equity and liabilities €13.6m
Equity
€4.6m ▼ 4.3%
Provisions
€358,468 =
Debt
€8.6m ▲ 2.5%
Debt's share of the balance-sheet total rises from 62.0% to 63.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€741,032▼
2024 · €1.0m
Cash flow
€811,673▼
2024 · €1.0m
Debt to equity
1.88▲
2024 · 1.76
ROE
5.9%▼
2024 · 9.3%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€1.6m▲
2024 · €1.5m
Customer credit
80 days▼
2024 · 129 days
Supplier credit
136 days▼
2024 · 192 days
Staff costs
€7.2m▲
2024 · €6.7m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 59 | 72 | 78 | 79 | 82 |
| full-time | 48 | 65 | 69 | 71 | 75 |
| part-time | 11 | 7 | 9 | 8 | 7 |
| in full-time equivalents | 57.6 | 70.7 | 76 | 77.5 | 80.7 |
| Average over the year, in full-time equivalents | 64 | 66.8 | 78.6 | 83.6 | 82.2 |
| On a permanent contract | 56 | 65 | 75 | 78 | 81 |
| Joined | 1,047 | 987 | 791 | 794 | 940 |
| Left | 1,051 | 970 | 788 | 792 | 935 |
| Agency workers, average number | 0.3 | 0.4 | - | - | 0 |
| Training hours | 220 | 88 | 1,594 | 764 | 738 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €93,292 | €642,218 | €1.3m | €155,442 | €389,968 |
| Intangible fixed assets | - | €26,873 | - | - | - |
| Depreciation and write-downs of the year | €327,662 | €247,058 | €557,398 | €574,797 | €540,632 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €5,000 | €5,000 | €5,800 | €7,500 | €7,500 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €8.8m | €9.5m | €11.0m | €11.2m | €11.8m | ▲ 5.4% |
| Turnover70 | €0.9m | €0.8m | €0.5m | €1.1m | €1.2m | €1.5m | €1.5m | €1.8m | ▲ 17.8% |
| Membership fees, donations, legacies and grants73 | - | - | - | €7.6m | €8.0m | €9.1m | €9.5m | €9.8m | ▲ 2.6% |
| Other operating income74 | - | - | - | €0.05m | €0.3m | €0.3m | €0.1m | €0.1m | ▲ 19.7% |
| Non-recurring operating income76A | - | - | - | €0.03m | €0.01m | €0.02m | €0.01m | €0.08m | ▲ 514% |
| Operating charges60/66A | - | - | - | €8.3m | €8.9m | €10.5m | €10.8m | €11.6m | ▲ 7.9% |
| Goods for resale, raw materials and consumables60 | - | - | - | €0.4m | €0.5m | €0.5m | €0.6m | €0.6m | ▲ 3.8% |
| Purchases600/8 | - | - | - | €0.4m | €0.5m | €0.5m | €0.6m | €0.6m | ▲ 3.8% |
| Services and other goods61 | - | - | - | €2.7m | €2.9m | €3.1m | €2.8m | €3.2m | ▲ 14.1% |
| Remuneration, social security and pensions62 | - | - | - | €4.9m | €5.3m | €6.2m | €6.7m | €7.2m | ▲ 7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.4m | €0.4m | €0.5m | €0.3m | €0.2m | €0.6m | €0.6m | €0.5m | ▼ 5.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.002m | €0.02m | -€0.008m | €0.04m | -€0.04m | - |
| Other operating charges640/8 | - | - | - | €0.007m | €0.009m | €0.04m | €0.04m | €0.09m | ▲ 98.4% |
| Non-recurring operating charges66A | - | - | - | €0.01m | €0.001m | €0.02m | €210 | €0 | ▼ 100% |
| Operating profit (loss)9901 | -€0.5m | -€0.9m | €0.4m | €0.5m | €0.7m | €0.5m | €0.4m | €0.2m | ▼ 54.1% |
| Financial income75/76B | - | - | - | €0.001m | €1 | €0.002m | €0.02m | €0.08m | ▲ 366% |
| Recurring financial income75 | €71 | €0.001m | €0.001m | €0.001m | €1 | €0.002m | €0.02m | €0.08m | ▲ 366% |
| Other financial income752/9 | - | - | - | €0.001m | €1 | €0.002m | €0.02m | €0.08m | ▲ 366% |
| Financial charges65/66B | - | - | - | €0.02m | €0.02m | €0.009m | €0.009m | €0.007m | ▼ 22.5% |
| Recurring financial charges65 | €0.006m | €0.006m | €0.007m | €0.02m | €0.02m | €0.009m | €0.009m | €0.007m | ▼ 22.5% |
| Debt charges650 | - | - | €0.001m | - | - | - | - | - | - |
| Other financial charges652/9 | - | - | - | €0.02m | €0.02m | €0.009m | €0.009m | €0.007m | ▼ 22.5% |
| Profit (loss) for the period before taxes9903 | -€0.5m | -€0.9m | €0.4m | €0.5m | €0.6m | €0.5m | €0.4m | €0.3m | ▼ 39.0% |
| Profit (loss) for the period9904 | -€0.5m | -€0.9m | €0.4m | €0.5m | €0.6m | €0.5m | €0.4m | €0.3m | ▼ 39.0% |
| Profit (loss) for the period to be appropriated9905 | -€0.5m | -€0.9m | €0.4m | €0.5m | €0.6m | €0.5m | €0.4m | €0.3m | ▼ 39.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €9.7m | €10.7m | €8.4m | €8.0m | €9.8m | €9.6m | €13.6m | €13.6m | = |
| Fixed assets21/28 | €1.1m | €0.8m | €0.9m | €0.6m | €1.0m | €1.8m | €1.4m | €1.2m | ▼ 11.0% |
| Intangible fixed assets21 | - | - | - | - | €0.02m | €0.02m | €0.01m | €0.005m | ▼ 50.0% |
| Tangible fixed assets22/27 | €1.1m | €0.8m | €0.9m | €0.6m | €1.0m | €1.8m | €1.4m | €1.2m | ▼ 10.7% |
| Plant, machinery and equipment23 | - | - | - | €0.3m | €0.3m | €1.6m | €1.2m | €1.1m | ▼ 8.6% |
| Furniture and vehicles24 | - | - | - | €0.05m | €0.07m | €0.05m | €0.03m | €0.02m | ▼ 36.5% |
| Other tangible fixed assets26 | - | - | - | €0.2m | €0.1m | €0.1m | €0.1m | €0.08m | ▼ 25.9% |
| Assets under construction and advance payments27 | - | - | - | €0.04m | €0.5m | - | - | - | - |
| Financial fixed assets28 | €0.01m | €0.01m | €0.01m | - | - | - | - | - | - |
| Current assets29/58 | €8.6m | €9.9m | €7.6m | €7.4m | €8.7m | €7.8m | €12.2m | €12.4m | ▲ 1.2% |
| Amounts receivable after more than one year29 | - | - | - | €1.7m | €1.2m | €0.4m | €1.0m | €0.7m | ▼ 34.9% |
| Other amounts receivable291 | - | - | - | €1.7m | €1.2m | €0.4m | €1.0m | €0.7m | ▼ 34.9% |
| Stocks and contracts in progress3 | - | - | - | - | - | - | - | €0 | - |
| Amounts receivable within one year40/41 | €6.7m | €7.5m | €2.1m | €2.5m | €4.7m | €4.3m | €5.3m | €3.3m | ▼ 36.7% |
| Trade receivables40 | - | - | - | €0.4m | €0.3m | €0.4m | €0.5m | €0.4m | ▼ 27.2% |
| Other amounts receivable41 | - | - | - | €2.2m | €4.4m | €3.9m | €4.7m | €2.9m | ▼ 37.8% |
| Current investments50/53 | - | - | - | - | - | - | €3.0m | €3.5m | ▲ 16.7% |
| Cash at bank and in hand54/58 | €1.8m | €2.4m | €2.9m | €3.1m | €2.8m | €3.1m | €2.8m | €4.8m | ▲ 71.2% |
| Deferred charges and accrued income490/1 | - | - | - | €0.1m | €0.06m | €0.07m | €0.1m | €0.05m | ▼ 60.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €9.7m | €10.7m | €8.4m | €8.0m | €9.8m | €9.6m | €13.6m | €13.6m | = |
| Equity10/15 | €3.1m | €3.5m | €3.6m | €3.1m | €3.6m | €3.9m | €4.8m | €4.6m | ▼ 4.3% |
| Reserves13 | - | - | - | €1.3m | €1.3m | €1.3m | €1.5m | €1.5m | ▲ 4.7% |
| Profit (loss) carried forward14 | -€0.5m | -€1.4m | -€1.0m | -€0.5m | €0.2m | €0.6m | €1.0m | €1.2m | ▲ 21.2% |
| Investment grants15 | - | - | - | €2.2m | €2.1m | €2.0m | €2.4m | €1.9m | ▼ 20.0% |
| Provisions and deferred taxes16 | €0.03m | €0.07m | €0.4m | €0.4m | €0.3m | €0.4m | €0.4m | €0.4m | = |
| Provisions for liabilities and charges160/5 | - | - | - | €0.4m | €0.3m | €0.4m | €0.4m | €0.4m | = |
| Major repairs and maintenance162 | - | - | - | €0.06m | €0.06m | €0.4m | €0.4m | €0.4m | = |
| Other liabilities and charges164/5 | - | - | - | €0.3m | €0.2m | €0.02m | - | - | - |
| Amounts payable17/49 | €6.5m | €7.1m | €4.5m | €4.6m | €5.9m | €5.3m | €8.4m | €8.6m | ▲ 2.5% |
| Amounts payable after more than one year17 | - | €0.6m | €1.0m | €0.4m | €0.03m | - | - | - | - |
| Other amounts payable178/9 | - | - | - | €0.4m | €0.03m | - | - | - | - |
| Amounts payable within one year42/48 | €2.1m | €2.8m | €1.8m | €2.1m | €1.9m | €1.4m | €1.5m | €1.6m | ▲ 1.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.7m | €0.3m | - | - | - | - |
| Trade debts44 | €0.6m | €0.5m | €0.5m | €0.7m | €0.4m | €0.4m | €0.3m | €0.2m | ▼ 26.2% |
| Suppliers440/4 | - | - | - | €0.7m | €0.4m | €0.4m | €0.3m | €0.2m | ▼ 26.2% |
| Taxes, remuneration and social security45 | - | - | - | €0.7m | €1.0m | €1.0m | €1.1m | €1.2m | ▲ 8.2% |
| Taxes450/3 | - | - | - | €0.1m | €0.3m | €0.2m | €0.2m | €0.2m | ▲ 1.8% |
| Remuneration and social security454/9 | - | - | - | €0.6m | €0.7m | €0.8m | €0.9m | €0.9m | ▲ 9.9% |
| Accrued charges and deferred income492/3 | - | - | - | €2.1m | €3.9m | €3.9m | €6.9m | €7.1m | ▲ 2.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.5m | -€0.9m | €0.4m | €0.5m | €0.6m | €0.5m | €0.4m | €0.3m | ▼ 39.0% |
| + Depreciation and write-downs630 | €0.4m | €0.4m | €0.5m | €0.3m | €0.2m | €0.6m | €0.6m | €0.5m | ▼ 5.9% |
| Operating cash flow (approximation) | -€0.1m | -€0.5m | €0.9m | €0.8m | €0.9m | €1.0m | €1.0m | €0.8m | ▼ 20.4% |
| Investment in fixed assets (approximation) | - | -€0.1m | -€0.5m | -€0.08m | -€0.7m | -€1.3m | -€0.2m | -€0.4m | ▼ 159% |
| Change in cash | - | €0.5m | €0.5m | €0.2m | -€0.2m | €0.3m | -€0.3m | €2.0m | - |
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, 1,887 companies had the same profile as TECHNOCAMPUS has now. Two years later, 97.9% were still going and 0.1% had gone bankrupt.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
97.9%
was still going
2.0%
stopped otherwise
0.1%
went bankrupt
That fits the bankruptcy probability of TECHNOCAMPUS itself: < 0.1% 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 1,887 companies, not a prediction for TECHNOCAMPUS. 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 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 02-07-2026 | 2026-00245330 | |
| 31-12-2024 | abbreviated format | 23-06-2025 | 2025-00168595 | |
| 31-12-2023 | abbreviated format | 02-07-2024 | 2024-00211151 | |
| 31-12-2022 | abbreviated format | 10-07-2023 | 2023-00219037 | |
| 31-12-2021 | abbreviated format | 28-06-2022 | 2022-20111680 | |
| 31-12-2020 | abbreviated format | 18-06-2021 | 2021-22200010 | |
| 31-12-2019 | abbreviated format | 24-09-2020 | 2020-56700096 | |
| 31-12-2018 | abbreviated format | 17-06-2019 | 2019-19800561 | |
| 31-12-2017 | abbreviated format | 26-06-2018 | 2018-22900478 | |
| 31-12-2016 | abbreviated format | 16-06-2017 | 2017-17600255 |