ACTIVE

LEARNING & ASSET DEVELOPMENT

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

1,4 €

-99.8% YoY

Gross margin

78,6 k €

+9.6% YoY

Equity

36,8 k €

+0.0% YoY

What does LEARNING & ASSET DEVELOPMENT do?

LEARNING & ASSET DEVELOPMENT is a Private limited company incorporated in 1997. Its main activity is: Management consultancy activities. Its registered office is in Vilvoorde.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0462.308.235

Incorporation

31/12/1997

Legal form

Private limited company

Registered office

Luchthavenlaan 27 box 40
1800 Vilvoorde · FlandreSee on map

Contributed capital

20 356,81 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities 85592Other education n.e.c.85592Other education n.e.c.70200Management consultancy activities+5

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	78,6 k €	+9.6%	71,7 k €	+8.0%	66,4 k €	-13.7%	76,9 k €	+102%	38,1 k €	+21.9%	31,2 k €	-53.8%	67,7 k €	-18.2%	82,8 k €	+12.0%	73,9 k €	-13.7%	85,6 k €	-0.5%	86,1 k €	-8.5%	94,1 k €	-20.0%	117,6 k €	-6.7%	126,1 k €	+2.7%	122,7 k €	+1188%	9,5 k €	-83.6%	58 k €	-26.7%	79,2 k €	-7.7%	85,8 k €	+202%	28,4 k €
EBITDA	5,3 k €	+0.1%	5,3 k €	+68.3%	3,2 k €	+7.1%	2,9 k €	-28.6%	4,1 k €	+22.9%	3,4 k €	+215%	-2,9 k €	-122%	13,2 k €	+130%	5,7 k €	-68.1%	17,9 k €	+1.7%	17,7 k €	-28.2%	24,6 k €	-50.6%	49,7 k €	-13.2%	57,3 k €	-11.7%	64,9 k €	+230%	-50,1 k €	-873%	-5,1 k €	-128%	18,6 k €	-22.5%	23,9 k €	+168%	-35,1 k €
Operating result	2,2 k €	-19.4%	2,7 k €	+0.3%	2,7 k €	+20.9%	2,3 k €	-30.1%	3,2 k €	+57.4%	2,1 k €	+153%	-3,9 k €	-132%	12,2 k €	+136%	5,2 k €	-69.5%	16,9 k €	-1.6%	17,2 k €	-23.3%	22,4 k €	-53.4%	48 k €	-13.1%	55,3 k €	-14.4%	64,6 k €	+228%	-50,4 k €	-598%	-7,2 k €	-145%	16,1 k €	-18.4%	19,7 k €	+149%	-40 k €
Net result	1,4 €	-99.8%	634,2 €	-25.6%	852,8 €	+99.0%	428,5 €	-75.9%	1,8 k €	+37.6%	1,3 k €	+546%	199,7 €	-97.1%	7 k €	+51.4%	4,6 k €	-53.7%	10 k €	-0.7%	10,1 k €	-18.6%	12,4 k €	-74.1%	47,7 k €	-12.9%	54,8 k €	-9.2%	60,3 k €	+205%	-57,7 k €	-289%	-14,8 k €	-433%	4,5 k €	-54.6%	9,8 k €	+120%	-49,5 k €
Balance sheet
Equity	36,8 k €	+0.0%	36,8 k €	+1.8%	36,1 k €	+2.4%	35,3 k €	+1.2%	34,8 k €	+5.4%	33,1 k €	-65.8%	96,8 k €	+0.2%	96,6 k €	+7.8%	89,6 k €	+5.4%	85 k €	+13.3%	75 k €	+15.5%	64,9 k €	+23.5%	52,6 k €	+991%	4,8 k €	+110%	-50 k €	+54.7%	-110,3 k €	-110%	-52,6 k €	-39.3%	-37,8 k €	+10.6%	-42,2 k €	+18.9%	-52 k €
Total assets	121,5 k €	-15.1%	143,1 k €	+35.4%	105,7 k €	+40.9%	75 k €	+18.0%	63,6 k €	-10.9%	71,4 k €	-51.5%	147,1 k €	-13.5%	170 k €	+49.0%	114,1 k €	-9.1%	125,5 k €	-17.5%	152,1 k €	-4.3%	159 k €	-11.0%	178,6 k €	+4.4%	171,1 k €	+182%	60,8 k €	+9.7%	55,4 k €	+15.4%	48 k €	-39.0%	78,7 k €	+19.1%	66,1 k €	+18.1%	56 k €
Cash	22,3 k €	-59.7%	55,4 k €	+22.9%	45 k €	+237%	13,4 k €	-33.2%	20 k €	-15.7%	23,7 k €	-74.7%	93,6 k €	-2.8%	96,3 k €	+227%	29,5 k €	-66.3%	87,4 k €	-28.9%	123 k €	+28.5%	95,8 k €	+92.5%	49,8 k €	+0.5%	49,5 k €	+5498%	884 €	+721%	107,7 €	+349%	24 €	+2300%	1 €	-88.1%	8,4 €	-32.5%	12,4 €
Debts	79,3 k €	-18.6%	97,5 k €	+56.4%	62,3 k €	+56.9%	39,7 k €	+38.3%	28,7 k €	-25.0%	38,3 k €	-23.9%	50,3 k €	-31.5%	73,4 k €	+199%	24,5 k €	-39.5%	40,6 k €	-47.4%	77,1 k €	-7.8%	83,7 k €	-13.9%	97,2 k €	-41.6%	166,3 k €	+50.2%	110,7 k €	-33.2%	165,7 k €	+64.7%	100,6 k €	-13.6%	116,5 k €	+7.6%	108,3 k €	+0.3%	108 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-9.1%	1,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 15 ended

Active mandates

Guillaume Roux de Bezieux

Director · since 01 juillet 2024

Active

IntuiPro Advisory

Director · since 01 juillet 2024 · 0801.661.844

Represented by Johan Van Den Branden

Active

Nicolas Delebois

Director · since 01 novembre 2009

Active

Ended mandates

Nicolas Delebois

Director · since 01 novembre 2009 · until 04 mai 2015

Ended

Nicolas Delebois

Director · since 01 novembre 2009 · until 03 mai 2021

Ended

Rudi Baert

Managing director · since 01 novembre 2009 · until 04 mai 2015

Ended

Rudi BAERT

Director · since 01 novembre 2009

Ended

At this address

Other companies at this address

Company	CBE no.
37th Hole● Bankrupt	0780.499.216
Adunio● Bankrupt	0735.817.749
AGRIMADIS● Active	0537.283.691
AgriRecover● Active	0460.437.521
Belgian Triathlon● Active	0428.753.460
BRUSSELS CAPITAL BEACH VOLLEY● Active	0644.650.914
BRUVIL● Active	0662.864.148
CARRON - ADVOCAAT● Active	0466.631.366
CIARAMIX● Active	0899.511.880
CLOUD EXPLORERS SOLUTIONS● Active	0818.130.464
CUSTOMER CONTACT & CXFORUM● Active	0871.865.395
DE COENE● Active	0872.465.411
DEN DRIES● Active	0839.558.853
DLDC CONSULTING● Bankrupt	0823.376.481
Ecowatt Holding● Active	0800.425.786
Ecowatt - Vandenbroecke● Active	0456.297.896
EURIKAS● Active	0533.923.434
EV FLEET● Active	1014.643.556
Federation of Belgian Online Pharmacies● Active	0670.883.177
FLOWTECH BELGIUM● Active	0406.409.115

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2026	24/07/2025	01/07/2024	29/08/2023	26/07/2022	01/07/2021
General meeting	04/05/2026	24/06/2025	06/06/2024	02/05/2023	02/05/2022	07/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	04/05/2026	31/08/2026	Dutch	PDF
Micro model	31/12/2024	24/06/2025	24/07/2025	Dutch	PDF
Micro model	31/12/2023	06/06/2024	01/07/2024	Dutch	PDF
Micro model	31/12/2022	02/05/2023	29/08/2023	Dutch	PDF
Micro model	31/12/2021	02/05/2022	26/07/2022	Dutch	PDF
Micro model	31/12/2020	07/06/2021	01/07/2021	Dutch	PDF
Micro model	31/12/2019	25/05/2020	17/06/2020	Dutch	PDF
Micro model	31/12/2018	06/05/2019	04/06/2019	Dutch	PDF
Micro model	31/12/2017	29/06/2018	31/07/2018	Dutch	PDF
Micro model	31/12/2016	02/05/2017	22/08/2017	Dutch	PDF
Abridged model	31/12/2015	02/05/2016	31/05/2016	Dutch	PDF
Abridged model	31/12/2014	04/05/2015	08/05/2015	Dutch	PDF
Abridged model	31/12/2013	05/05/2014	26/08/2014	Dutch	PDF
Abridged model	31/12/2012	06/05/2013	03/06/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	21/08/2012	Dutch	PDF
Abridged model	31/12/2010	02/05/2011	17/05/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	30/07/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	17/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	18/07/2008	Dutch	PDF
Abridged model	31/12/2006	07/05/2007	31/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 15 ended

Active mandates

Guillaume Roux de Bezieux

Director · since 01 juillet 2024

Active

IntuiPro Advisory

Director · since 01 juillet 2024 · 0801.661.844

Represented by Johan Van Den Branden

Active

Nicolas Delebois

Director · since 01 novembre 2009

Active

Ended mandates

Nicolas Delebois

Director · since 01 novembre 2009 · until 04 mai 2015

Ended

Nicolas Delebois

Director · since 01 novembre 2009 · until 03 mai 2021

Ended

Rudi Baert

Managing director · since 01 novembre 2009 · until 04 mai 2015

Ended

Rudi BAERT

Director · since 01 novembre 2009

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/08/2025
Benoemingen — Ontslagen - Zetel
PDF
Registered office27/03/2024
MAATSCHAPPELIJKE ZETEL
PDF
Mandates05/08/2020
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates03/08/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/04/2010
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/10/2006
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/08/2004
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20251,4 €↓
2024
Annual accounts 2024634,2 €↓
2023
Annual accounts 2023852,8 €↑
2022
Annual accounts 2022428,5 €↓
2021
Annual accounts 20211,8 k €↑
2020
Annual accounts 20201,3 k €↑
2019
Annual accounts 2019199,7 €↓
2018
Annual accounts 20187 k €↑
2017
Annual accounts 20174,6 k €↓
2016
Annual accounts 201610 k €↓
2015
Annual accounts 201510,1 k €↓
2014
Annual accounts 201412,4 k €↓
2013
Annual accounts 201347,7 k €↓
2012
Annual accounts 201254,8 k €↓
2011
Annual accounts 201160,3 k €↑
2010
Annual accounts 2010-57,7 k €↓
2009
Annual accounts 2009-14,8 k €↓
2008
Annual accounts 20084,5 k €↓
2007
Annual accounts 20079,8 k €↑
2006
Annual accounts 2006-49,5 k €
31/12/1997
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

LEARNING & ASSET DEVELOPMENT

Overview

What does LEARNING & ASSET DEVELOPMENT do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline