TheNextLevel.be
ActiveSummary
TheNextLevel.be has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €80,654 and a net result of €37,161. Equity is shrinking by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 40% of 2545 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability88▲+19
Solvency58▲+4
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity short (current ratio 0.53 against 0.31 in 2023; short-term debt: 66.8% and cash: 24% of total assets), and 67.4% of the assets are financed with debt.
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Signals
Five 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 →
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
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
32.6%
Return on assets
15%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €80,654
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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
42 d early
2022
32 d early
2021
16 d early
2020
67 d early
2019
8 d early
← 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 33 days before 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
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Financials · fiscal year 2024, micro schema
Equity
€80,654▲ 31.2%
2023 · €61,494
Total assets
€247,302▲ 18.3%
2023 · €209,020
Net result
€37,161▲ 5,757%
2023 · €634
Working capital
-€77,141▲ 23.8%
2023 · -€101,256
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€9,344▼ 89.6%€10,872▲ 16.3%€7,584▼ 30.2%€2,382▼ 68.6%€48,859▲ 1,951%
Net result€11,108within the sector's middle half▼ 85.0%€5,969within the sector's middle half▼ 46.3%€2,924within the sector's middle half▼ 51.0%€634within the sector's middle half▼ 78.3%€37,161above the sector's middle half▲ 5,757%
Equity€95,967within the sector's middle half▼ 3.9%€57,935within the sector's middle half▼ 39.6%€60,859within the sector's middle half▲ 5.0%€61,494within the sector's middle half▲ 1.0%€80,654within the sector's middle half▲ 31.2%
Total assets€293,495above the sector's middle half▼ 15.7%€261,044within the sector's middle half▼ 11.1%€239,559within the sector's middle half▼ 8.2%€209,020within the sector's middle half▼ 12.7%€247,302within the sector's middle half▲ 18.3%
Debt€197,529▼ 20.5%€203,109▲ 2.8%€178,700▼ 12.0%€147,526▼ 17.4%€166,648▲ 13.0%
Working capital-€67,616▼ 7.5%-€109,840▼ 62.4%-€112,935▼ 2.8%-€101,256▲ 10.3%-€77,141▲ 23.8%
Solvency32.7%within the sector's middle half▲ 4.0pp22.2%within the sector's middle half▼ 10.5pp25.4%within the sector's middle half▲ 3.2pp29.4%within the sector's middle half▲ 4.0pp32.6%within the sector's middle half▲ 3.2pp
above
within
below
the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 1,951% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €247,302
Fixed assets
€159,154 ▼ 2.3%
Current assets
€88,148 ▲ 91.1%
Equity and liabilities €247,302
Equity
€80,654 ▲ 31.2%
Debt
€166,648 ▲ 13.0%
Debt's share of the balance-sheet total falls from 70.6% to 67.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€64,107▲
2023 · €14,979
Cash flow
€52,409▲
2023 · €13,232
Current ratio
0.53▲
2023 · 0.31
Debt to equity
2.07▼
2023 · 2.40
ROE
46.1%▲
2023 · 1.0%
ROA
15.0%▲
2023 · 0.3%
Interest coverage
186.55▲
2023 · 21.43
Debt ≤ 1 year
€165,289▲
2023 · €147,373
Debt > 1 year
€25=
2023 · €25
Income taxes
€11,505▲
2023 · €1,408
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 74% 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 31,324 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,678 | €10,617 | €12,013 | €12,597 | €15,248 | ▲ 21.0% |
| Other operating charges640/8 | - | €3,616 | €3,850 | €3,997 | €3,826 | ▼ 4.3% |
| Gross operating margin9900 | €23,529 | €25,105 | €23,447 | €18,976 | €67,933 | ▲ 258% |
| Operating profit (loss)9901 | €9,344 | €10,872 | €7,584 | €2,382 | €48,859 | ▲ 1,951% |
| Financial income75/76B | - | €0 | €127 | €359 | €150 | ▼ 58.1% |
| Recurring financial income75 | €39 | €0 | €127 | €359 | €150 | ▼ 58.1% |
| Financial charges65/66B | - | €2,795 | €1,955 | €699 | €344 | ▼ 50.8% |
| Recurring financial charges65 | €1,167 | €2,795 | €1,955 | €699 | €344 | ▼ 50.8% |
| Profit (loss) for the period before taxes9903 | €11,216 | €8,077 | €5,756 | €2,042 | €48,666 | ▲ 2,283% |
| Income taxes67/77 | €108 | €2,109 | €2,833 | €1,408 | €11,505 | ▲ 717% |
| Profit (loss) for the period9904 | €11,108 | €5,969 | €2,924 | €634 | €37,161 | ▲ 5,757% |
| Profit (loss) for the period to be appropriated9905 | €11,108 | €5,969 | €2,924 | €634 | €37,161 | ▲ 5,757% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €293,495 | €261,044 | €239,559 | €209,020 | €247,302 | ▲ 18.3% |
| Fixed assets21/28 | €181,198 | €179,453 | €175,500 | €162,903 | €159,154 | ▼ 2.3% |
| Intangible fixed assets21 | - | €7,458 | €5,684 | €3,909 | €2,135 | ▼ 45.4% |
| Tangible fixed assets22/27 | €181,198 | €171,995 | €169,816 | €158,994 | €157,019 | ▼ 1.2% |
| Land and buildings22 | - | €169,812 | €162,068 | €154,324 | €146,579 | ▼ 5.0% |
| Plant, machinery and equipment23 | - | €2,065 | €3,091 | €1,958 | €4,921 | ▲ 151% |
| Furniture and vehicles24 | - | €118 | €4,657 | €2,712 | €5,519 | ▲ 103% |
| Current assets29/58 | €112,297 | €81,591 | €64,060 | €46,117 | €88,148 | ▲ 91.1% |
| Amounts receivable within one year40/41 | €46,056 | €42,093 | €33,867 | €16,100 | €9,737 | ▼ 39.5% |
| Trade receivables40 | - | €42,093 | €28,134 | €5,069 | €9,337 | ▲ 84.2% |
| Other amounts receivable41 | - | - | €5,734 | €11,030 | €400 | ▼ 96.4% |
| Cash at bank and in hand54/58 | €59,944 | €29,132 | €24,961 | €24,233 | €59,397 | ▲ 145% |
| Deferred charges and accrued income490/1 | - | €10,367 | €5,231 | €5,785 | €19,014 | ▲ 229% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €293,495 | €261,044 | €239,559 | €209,020 | €247,302 | ▲ 18.3% |
| Equity10/15 | €95,967 | €57,935 | €60,859 | €61,494 | €80,654 | ▲ 31.2% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €81,159 | €39,259 | €42,159 | €42,159 | €61,259 | ▲ 45.3% |
| Tax-exempt reserves132 | - | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Distributable reserves133 | - | €33,259 | €36,159 | €36,159 | €55,259 | ▲ 52.8% |
| Profit (loss) carried forward14 | -€3,785 | €84 | €108 | €742 | €803 | ▲ 8.2% |
| Amounts payable17/49 | €197,529 | €203,109 | €178,700 | €147,526 | €166,648 | ▲ 13.0% |
| Amounts payable after more than one year17 | €17,358 | €9,358 | €1,358 | €25 | €25 | = |
| Financial debts170/4 | - | €9,333 | €1,333 | - | - | - |
| Other amounts payable178/9 | - | €25 | €25 | €25 | €25 | = |
| Amounts payable within one year42/48 | €179,914 | €191,431 | €176,995 | €147,373 | €165,289 | ▲ 12.2% |
| Current portion of amounts payable after more than one year42 | - | €7,803 | €8,000 | €1,333 | - | - |
| Trade debts44 | €25,400 | €17,778 | €18,199 | €7,849 | €18,824 | ▲ 140% |
| Suppliers440/4 | - | €17,778 | €18,199 | €7,849 | €18,824 | ▲ 140% |
| Taxes, remuneration and social security45 | - | €9,005 | €1,028 | €1,450 | €11,175 | ▲ 671% |
| Taxes450/3 | - | €9,005 | €1,028 | €1,450 | €11,175 | ▲ 671% |
| Other amounts payable47/48 | - | €156,845 | €149,768 | €136,742 | €135,290 | ▼ 1.1% |
| Accrued charges and deferred income492/3 | - | €2,320 | €348 | €128 | €1,333 | ▲ 941% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,108 | €5,969 | €2,924 | €634 | €37,161 | ▲ 5,757% |
| + Depreciation and write-downs630 | €10,678 | €10,617 | €12,013 | €12,597 | €15,248 | ▲ 21.0% |
| Operating cash flow (approximation) | €21,786 | €16,586 | €14,937 | €13,232 | €52,409 | ▲ 296% |
| Investment in fixed assets (approximation) | - | -€8,873 | -€8,060 | €0 | -€11,499 | - |
| Change in cash | - | -€30,813 | -€4,170 | -€729 | €35,165 | ▲ 4,925% |
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
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €634 ▼78.3%
Net result drops to €634, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €73,970 ▲280%
Operating result €89,932, net result €73,970, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Dendermonde · 1 establishment unit since 1998
Ground area
230 m²
Building footprint
226 m²
Volume, LiDAR
1,128 m³
Parcel 42021A0589/00B000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TheNextLevel.be
since 19982.085.839.597
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42021A0589/00B000 | Flanders | 230 m² | 1 · 226 m² | 8.6 m · 2 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
Flemish government
2022 to 2025 · 4 entries · 5,631 EUR awarded · 5,630 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 672 EUR | 672 EUR |
| 2024 | 1 | 113 EUR | 113 EUR |
| 2023 | 1 | 3,919 EUR | 3,918 EUR |
| 2022 | 1 | 927 EUR | 927 EUR |
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EVADERAN
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Of 11,672 companies in sector 85599 we hold annual accounts for 1,330. 1,040 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-02-1998
Fiscal year end31-12
Activities, NACEBEL 2025
85599Other education
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0462723652
Also
9925:BE0462723652
Registered
30-10-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.