Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 29 % of short-term debt in 2025; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 17 to 13.4.
Financials
Financial year 2025
LERNOVA from Lokeren, company number BE0892653980, closed financial year 2025 with a result of € -275,827 after tax. For that financial year LERNOVA recorded a gross margin of € 1.5 million and equity of € 395,771. Compared with financial year 2024, the result moved from € -345,263 to € -275,827. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 7, 2026.
€ 395,771
▼ 41% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -275,827
▲ 20 % less loss than in 2024
Profit after tax over the fiscal year.
€ 151,213
▼ 52% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -586,745.
People and assets in 2025
13.4
▼ 2.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▼ 10% vs 2024
€ 85,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 23,780
▼ 27% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.1 million
▼ 12% vs 2024
€ 234,891 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 247,357
▼ 37% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 243,919
▲ 4% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,234,718 | € 1,705,597 | € 1,450,111 | € 1,517,833 | ▲ 5% |
| Profit after taxes | € 3,301 | € 46,276 | € -345,263 | € -275,827 | ▲ € 69,436 |
| Equity | € 570,569 | € 616,844 | € 671,598 | € 395,771 | ▼ 41% |
| Total debts | € 1,733,947 | € 2,624,750 | € 3,046,588 | € 2,921,694 | ▼ 4% |
| Cash | € 457,016 | € 414,440 | € 316,900 | € 151,213 | ▼ 52% |
| Land & buildings | - | - | € 17,210 | € 15,532 | ▼ 10% |
| Retained profit | € -11,931 | € 34,344 | € -310,919 | € -586,745 | ▼ € 275,826 |
| Bank debt | € 1,325,740 | € 1,822,505 | € 2,416,409 | € 2,123,238 | ▼ 12% |
| Balance sheet total | € 2,304,515 | € 3,241,594 | € 3,718,186 | € 3,317,465 | ▼ 11% |
| Employees (FTE) | 13.4 | 17 | 16.1 | 13.4 | ▼ 2.7 |
Key figures of LERNOVA, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to LERNOVA?
What happened at LERNOVA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 275,827. filed late Source: NBB ↗
- Start of the company according to the CBE. KBO
- New establishment in Lokeren. KBO
In short
From € 3,301 profit in 2022 to € 275,827 loss in 2025.
Paid € 5,434 in corporate taxes since 2022.
Best year ever: 2023, with € 46,276 profit.
On average € 113,300 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of DM Publishing comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
LERNOVABehind LERNOVA are KOSCOM BV, AVDD BV and PIBACO BV. The shares are held by DM Publishing.
Directors
According to the 2025 annual accounts
Director
Director
Also active at: PLAY IT, Appel Invest, LEERMIDDEL, Fourcast for Education, Signpost, DM Publishing, SGNPST, SPURS INVEST +2 more
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Bouwstraat 14 Y1
9160 Lokeren
Bouwstraat 14 Y box 1
9160 Lokeren
Active since 27 September 2007
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →Fourcast for Education same network
€ 703,043 gross margin · 2024
Signpost same network
ACSW same network
€ 4 million revenue · 2025
DM Publishing same network
€ -6,632 gross margin · 2025
SGNPST same network
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0892.653.980
- VAT number
- BE 0892.653.980
- Registered office
- Bouwstraat 14 Y1, 9160 Lokeren
- Names & denominations
- LERNOVA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 October 2007
- Peppol
- Active · Active since 20 Oct 2025
- Contact
- 09 277 10 24
- Activities · NACE
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