WISPER
ActiveSummary
WISPER has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €916,413 and a net result of -€275,854. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 52% of 693 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-6
Solvency82▼-7
Growth32=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity ample (current ratio 2.44 against 3.66 in 2024; short-term debt: 25.2% and cash: 41.2% of total assets), and 42.9% 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 →
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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€275,854
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-05-2026, 84 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
84 d early
2024
119 d early
2023
117 d early
2022
108 d early
2021
80 d early
2020
130 d early
2019
39 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 97 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 14 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#6 employer in Leuven, Education sector#7 fastest grower in Flemish Brabant, Education sector
Equity
€916,413▼ 23.1%
2024 · €1.2m
Total assets
€1.6m▼ 14.3%
2024 · €1.9m
Net result
-€275,854▼ 40.3%
2024 · -€196,561
Working capital
€581,487▼ 41.0%
2024 · €985,377
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
Line20212022202320242025
Operating result€147,390▲ 480%-€16,952€16,019-€207,361-€282,950▼ 36.5%
Net result€143,035within the sector's middle half▲ 461%-€17,192below the sector's middle half€23,639within the sector's middle half-€196,561below the sector's middle half-€275,854below the sector's middle half▼ 40.3%
Equity€1.4mwithin the sector's middle half▲ 11.5%€1.4mwithin the sector's middle half▼ 1.2%€1.4mwithin the sector's middle half▲ 1.7%€1.2mwithin the sector's middle half▼ 14.2%€916,413within the sector's middle half▼ 23.1%
Total assets€1.8mwithin the sector's middle half▲ 15.4%€1.9mwithin the sector's middle half▲ 5.6%€1.9mwithin the sector's middle half▼ 1.8%€1.9mwithin the sector's middle half▼ 1.6%€1.6mwithin the sector's middle half▼ 14.3%
Debt€454,974▲ 29.2%€574,245▲ 26.2%€514,915▼ 10.3%€680,218▲ 32.1%€688,443▲ 1.2%
Working capital€915,586within the sector's middle half▲ 35.4%€995,712within the sector's middle half▲ 8.8%€1.1mwithin the sector's middle half▲ 11.6%€985,377within the sector's middle half▼ 11.3%€581,487within the sector's middle half▼ 41.0%
Solvency75.2%within the sector's middle half▼ 2.6pp70.4%within the sector's middle half▼ 4.8pp73.0%within the sector's middle half▲ 2.6pp63.7%within the sector's middle half▼ 9.3pp57.1%within the sector's middle half▼ 6.6pp
Current ratio4.12within the sector's middle half▲ 0.583.93within the sector's middle half▼ 0.195.25within the sector's middle half▲ 1.313.66within the sector's middle half▼ 1.582.44within the sector's middle half▼ 1.23
Return on assets (ROA)7.8%above the sector's middle half▲ 6.2pp-0.9%below the sector's middle half▼ 8.7pp1.2%within the sector's middle half▲ 2.1pp-10.5%below the sector's middle half▼ 11.7pp-17.2%below the sector's middle half▼ 6.7pp
Staff (FTE)16.9within the sector's middle half▲ 6.3%18.6within the sector's middle half▲ 10.1%18.7within the sector's middle half▲ 0.5%20.3within the sector's middle half▲ 8.6%20.3above the sector's middle half=
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 abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €282,950 in 2025 against €207,361 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€619,126 ▲ 19.7%
Current assets
€985,730 ▼ 27.3%
Equity and liabilities €1.6m
Equity
€916,413 ▼ 23.1%
Debt
€688,443 ▲ 1.2%
Debt's share of the balance-sheet total rises from 36.3% to 42.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€244,780▼
2024 · -€172,034
Cash flow
-€237,684▼
2024 · -€161,234
Debt to equity
0.75▲
2024 · 0.57
ROE
-30.1%▼
2024 · -16.5%
Interest coverage
-546.38▼
2024 · -301.29
Debt ≤ 1 year
€404,243▲
2024 · €369,779
Staff costs
€1.6m▲
2024 · €1.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 928 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 90% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.1%
went bankrupt
8.8%
stopped otherwise
90%
still going
A further 0.1% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 928 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €1,540 | €6,275 | €25,260 | €7,141 | €1,630 | ▼ 77.2% |
| Remuneration, social security and pensions62 | €1.0m | €1.3m | €1.3m | €1.4m | €1.6m | ▲ 9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €42,417 | €35,886 | €34,501 | €35,327 | €38,170 | ▲ 8.0% |
| Other operating charges640/8 | - | €3,904 | €4,176 | €8,451 | €14,134 | ▲ 67.2% |
| Non-recurring operating charges66A | - | €56 | €765 | - | €26,369 | - |
| Gross operating margin9900 | €1.2m | €1.3m | €1.3m | €1.3m | €1.4m | ▲ 7.9% |
| Operating profit (loss)9901 | €147,390 | -€16,952 | €16,019 | -€207,361 | -€282,950 | ▼ 36.5% |
| Financial income75/76B | €283 | €120 | €9,809 | €13,829 | €7,544 | ▼ 45.4% |
| Recurring financial income75 | €283 | €120 | €9,809 | €13,829 | €7,544 | ▼ 45.4% |
| Financial charges65/66B | €4,603 | €359 | €2,189 | €571 | €448 | ▼ 21.5% |
| Recurring financial charges65 | €2,001 | €359 | €2,189 | €571 | €448 | ▼ 21.5% |
| Non-recurring financial charges66B | €2,601 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €143,071 | -€17,192 | €23,639 | -€194,103 | -€275,854 | ▼ 42.1% |
| Income taxes67/77 | €36 | - | - | €2,458 | - | - |
| Profit (loss) for the period9904 | €143,035 | -€17,192 | €23,639 | -€196,561 | -€275,854 | ▼ 40.3% |
| Profit (loss) for the period to be appropriated9905 | €143,035 | -€17,192 | €23,639 | -€196,561 | -€275,854 | ▼ 40.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.8m | €1.9m | €1.9m | €1.9m | €1.6m | ▼ 14.3% |
| Fixed assets21/28 | €628,486 | €604,454 | €531,113 | €517,329 | €619,126 | ▲ 19.7% |
| Tangible fixed assets22/27 | €120,716 | €96,734 | €76,583 | €62,799 | €44,596 | ▼ 29.0% |
| Plant, machinery and equipment23 | €14,707 | €11,555 | €7,210 | €14,407 | €18,375 | ▲ 27.5% |
| Furniture and vehicles24 | - | - | €4,550 | €3,925 | €2,111 | ▼ 46.2% |
| Other tangible fixed assets26 | €106,009 | €85,179 | €64,823 | €44,467 | €24,110 | ▼ 45.8% |
| Financial fixed assets28 | €507,770 | €507,720 | €454,530 | €454,530 | €574,530 | ▲ 26.4% |
| Current assets29/58 | €1.2m | €1.3m | €1.4m | €1.4m | €985,730 | ▼ 27.3% |
| Amounts receivable within one year40/41 | €216,611 | €304,608 | €303,772 | €287,553 | €320,460 | ▲ 11.4% |
| Trade receivables40 | €109,744 | €75,899 | €160,934 | €139,978 | €191,806 | ▲ 37.0% |
| Other amounts receivable41 | €106,868 | €228,709 | €142,838 | €147,575 | €128,654 | ▼ 12.8% |
| Current investments50/53 | €1,019 | €201,019 | €199,221 | €201,000 | €1,000 | ▼ 99.5% |
| Cash at bank and in hand54/58 | €989,477 | €810,140 | €848,986 | €857,940 | €660,411 | ▼ 23.0% |
| Deferred charges and accrued income490/1 | €1,761 | €19,213 | €20,651 | €8,663 | €3,859 | ▼ 55.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.8m | €1.9m | €1.9m | €1.9m | €1.6m | ▼ 14.3% |
| Equity10/15 | €1.4m | €1.4m | €1.4m | €1.2m | €916,413 | ▼ 23.1% |
| Contributions10/11 | - | €53,545 | €53,545 | €53,545 | €53,545 | = |
| Capital10 | - | €53,545 | €53,545 | €53,545 | €53,545 | = |
| Reserves13 | €794,907 | €761,907 | €761,907 | €761,907 | €761,907 | = |
| Profit (loss) carried forward14 | €533,929 | €549,737 | €573,376 | €376,815 | €100,961 | ▼ 73.2% |
| Amounts payable17/49 | €454,974 | €574,245 | €514,915 | €680,218 | €688,443 | ▲ 1.2% |
| Amounts payable within one year42/48 | €293,283 | €339,268 | €261,523 | €369,779 | €404,243 | ▲ 9.3% |
| Trade debts44 | €37,760 | €68,336 | €60,066 | €132,611 | €115,086 | ▼ 13.2% |
| Suppliers440/4 | €37,760 | €68,336 | €60,066 | €132,611 | €115,086 | ▼ 13.2% |
| Advances received on contracts in progress46 | €42,902 | €37,369 | - | - | - | - |
| Taxes, remuneration and social security45 | €180,722 | €203,563 | €201,457 | €233,571 | €288,863 | ▲ 23.7% |
| Taxes450/3 | €32,225 | €31,405 | €31,097 | €35,336 | €54,439 | ▲ 54.1% |
| Remuneration and social security454/9 | €148,498 | €172,158 | €170,360 | €198,235 | €234,424 | ▲ 18.3% |
| Accrued charges and deferred income492/3 | €161,691 | €234,977 | €253,392 | €310,439 | €284,200 | ▼ 8.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €143,035 | -€17,192 | €23,639 | -€196,561 | -€275,854 | ▼ 40.3% |
| + Depreciation and write-downs630 | €42,417 | €35,886 | €34,501 | €35,327 | €38,170 | ▲ 8.0% |
| Operating cash flow (approximation) | €185,452 | €18,694 | €58,140 | -€161,234 | -€237,684 | ▼ 47.4% |
| Investment in fixed assets (approximation) | - | -€11,854 | €38,840 | -€21,543 | -€139,967 | ▼ 550% |
| Change in cash | - | -€179,337 | €38,846 | €8,954 | -€197,529 | ▼ 2,306% |
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
Next filing, fiscal year 2026, expected by
2026
08-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€275,854
Net result drops to -€275,854, the lowest in the series.
03-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
05-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €23,639
Net result €23,639 after one loss-making year.
14-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
12-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €143,035 ▲461%
Operating result €147,390, net result €143,035, both a record.
23-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €25,511
Net result €25,511 after one loss-making year.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
02-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 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
15 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, Leuven · 3 establishment units since 2006
Ground area
4,206 m²
Building footprint
4,173 m²
Volume, LiDAR
49,039 m³
3 parcels, Flanders · tallest building 16.9 m, ±4 floors. Linked by address, not a title deed.
12
companies at this address
See who is registered here
3 establishment units
WISPER
since 20062.156.888.040
WISPER
since 20082.230.589.630
WISPER
since 20202.310.180.902
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44021A2735/00M002 | Flanders | 1,997 m² | 1 · 2,001 m² | 15.0 m · 4 fl. |
| 24062A0021/02E000 | Flanders | 1,850 m² | 1 · 1,813 m² | 16.9 m · 4 fl. |
| 11807G0239/00V007 | Flanders | 359 m² | 1 · 359 m² | 11.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 11 entries · 4,946,420 EUR awarded · 4,831,602 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 1,296,501 EUR | 1,294,166 EUR |
| 2024 | 2 | 1,254,520 EUR | 1,250,995 EUR |
| 2023 | 4 | 1,230,241 EUR | 1,326,513 EUR |
| 2022 | 3 | 1,165,158 EUR | 959,928 EUR |
Schemes
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Of 11,672 companies in sector 85599 we hold annual accounts for 1,330. 551 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
Founded31-12-1995
Fiscal year end31-12
Activities, NACEBEL 2025
85593Socio-cultural adult education
85599Other education
Contact
E-mail
tim@wisper.beAntwerpen
E-invoicing
Reachable via Peppol
Peppol ID
0208:0457762596
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.