The Learning Hub
The Learning Hub has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €117k and a net result of €-405k. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 33% of 1363 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
| Equity | €117k |
| Net result | €-405k |
| Staff (FTE) | 16.1 |
| Better than sector | 33% |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 18.8% | 38.7% | |
| Net result | €-405k | €35k | |
| Equity | €117k | €372k | |
| Gross operating margin | €892k | €245k | |
| Staff costs | €1.26M | €782k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | full schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | €2.41M | €3.04M | €2.99M | €2.56M | €1.91M |
| EBITDA | €-374k | €254k | €301k | €-47k | €147k |
| Net profit | €-405k | €154k | €193k | €-82k | €93k |
| Cash flow | €-400k | €163k | €206k | €-66k | €105k |
| Staff costs | €1.26M | €1.07M | €1.11M | €1.09M | €991k |
| Income taxes | €5k | €66k | €77k | €10k | €30k |
| Dividends | - | €100k | - | - | €100k |
| Total assets | €625k | €1.06M | €1.31M | €807k | €693k |
| Equity | €117k | €522k | €468k | €275k | €357k |
| Debt | €507k | €535k | €840k | €532k | €336k |
| of which ≤ 1y | €374k | €438k | €733k | €477k | €336k |
| of which > 1y | - | - | - | - | - |
| Working capital | €242k | €613k | €563k | €312k | €337k |
| Employees (FTE) | 16.1 | 15.9 | 18.2 | 18.4 | 18.7 |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.65 | 2.40 | 1.77 | 1.66 | 2.00 |
| Quick ratio | 1.54 | 2.36 | 1.74 | 1.65 | 1.93 |
| Working capital ratio | 38.7% | 58.0% | 43.1% | 38.7% | 48.7% |
| Solvency | 18.8% | 49.4% | 35.8% | 34.0% | 51.5% |
| Debt / equity | 4.32 | 1.03 | 1.79 | 1.94 | 0.94 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | -15.78 | 9.75 | 14.78 | -3.77 | 12.45 |
| Gross margin | 35.8% | 47.5% | 42.6% | 45.0% | 48.6% |
| Net margin | -16.8% | 5.1% | 6.5% | -3.2% | 4.9% |
| ROA | -64.7% | 14.6% | 14.8% | -10.1% | 13.5% |
| ROE | -345.1% | 29.5% | 41.3% | -29.7% | 26.2% |
| EBITDA margin | -15.5% | 8.4% | 10.1% | -1.8% | 7.7% |
| Days sales outstanding | 63d | 73d | 143d | 80d | 100d |
| Days payable outstanding | 38d | 42d | 71d | 66d | 52d |
| Inventory turnover | 39.58 | 84.66 | 87.74 | 396.82 | 38.23 |
| Days inventory (DSI) | 9d | 4d | 4d | 1d | 10d |
Full annual accounts (25 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €625k | €1.06M | €1.31M | €807k | €693k |
| Fixed assets | 21/28 | €9k | €6k | €12k | €19k | €19k |
| Tangible fixed assets | 22/27 | €9k | €6k | €12k | €19k | €19k |
| Current assets | 29/58 | €616k | €1.05M | €1.30M | €789k | €673k |
| Stocks & contracts in progress | 3 | €39k | €19k | €20k | €4k | €26k |
| Amounts receivable within one year | 40/41 | €539k | €935k | €1.17M | €729k | €590k |
| Cash & bank | 54/58 | €10k | €8k | €46k | €39k | €15k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €625k | €1.06M | €1.31M | €807k | €693k |
| Equity | 10/15 | €117k | €522k | €468k | €275k | €357k |
| Contributions / capital | 10/11 | €62k | €62k | €62k | €62k | €62k |
| Reserves | 13 | €55k | €460k | €406k | €213k | €294k |
| Accumulated profits (losses) | 14 | €443 | €89 | €178 | €115 | €724 |
| Provisions & deferred taxes | 16 | €853 | - | - | €189 | €189 |
| Amounts payable | 17/49 | €507k | €535k | €840k | €532k | €336k |
| Amounts payable within one year | 42/48 | €374k | €438k | €733k | €477k | €336k |
| Trade debts payable within one year | 44 | €162k | €183k | €335k | €253k | €141k |
| Income statement | ||||||
| Turnover | 70 | €2.41M | €3.04M | €2.99M | €2.56M | €1.91M |
| Gross operating margin | 9900 | €892k | €1.34M | €1.42M | €1.04M | €1.16M |
| Operating result | 9901 | €-378k | €245k | €288k | €-62k | €135k |
| Financial income | 75 | €2k | €787 | €2k | €3k | €152 |
| Financial charges | 65 | €24k | €26k | €20k | €12k | €12k |
| Result before taxes | 9903 | €-400k | €220k | €270k | €-72k | €123k |
| Income taxes | 67/77 | €5k | €66k | €77k | €10k | €30k |
| Net result for the period | 9904 | €-405k | €154k | €193k | €-82k | €93k |
| Result to be appropriated | 9905 | €-405k | €247k | €193k | €-82k | €93k |
Former directors (1)
-
Josephus de WitManaging directorState Gazette act 24176770 (17-12-2024)Former- → 01-11-2024
| NACE primary | Video and film production, excluding cinema and television films(59113) |
| Legal form | Public limited company(014) |
| Incorporation | 03-03-2011 |
| Status | Active |
| Postal code | 2550 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11024B0079/00F000 | Flanders | 3,333 m² | 1 · 932 m² | 10.3 m · 3 fl. |
We know of 16 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
17-12-2024 Josephus de Wit resigns as managing director
- Josephus de Wit, Gedelegeerd bestuurder
Technical details
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}05-12-2023 Permanent representative changed: Gwen Cleirbaut succeeds Tim Vermeiren
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}13-10-2022 3 reappointed
- The Compass NV, Bestuurder
- Josephus de Wit, Bestuurder
- Dirk Deroost, Bestuurder
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}| Legal nameNL | The Learning Hub |