ACT RESEARCH
ActiveSummary
ACT RESEARCH has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €888,581 and a net result of €130,217. Equity is growing by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 14% of 994 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability40▼-5
Solvency37▼-2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.07 against 1.03 in 2023; short-term debt: 84.1% and cash: 0.9% of total assets), and 88% 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
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
about 19% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
12%
Return on assets
1.8%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 994 sector peers (2024).
NBB · sector comparisonPosition among 994 sector peers
Solvency
better than 14%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-11-2025, 98 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
98 d late
2023
110 d late
2022
100 d late
2021
43 d late
2020
3 d early
2019
31 d late
← 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 63 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#1 company by total assets in Kortenberg, Other services sector#6 fastest grower in Kortenberg#7 employer in Kortenberg
Equity
€888,581▲ 15.0%
2023 · €772,494
Total assets
€7.4m▲ 29.8%
2023 · €5.7m
Net result
€130,217▲ 90.1%
2023 · €68,501
Working capital
€441,725▲ 177%
2023 · €159,195
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€53,579€25,901€168,259▲ 550%€225,929▲ 34.3%€446,887▲ 97.8%
Net result-€65,076€33,088-€2,902€68,501€130,217▲ 90.1%
Equity€727,777▼ 14.4%€619,963▼ 14.8%€681,336▲ 9.9%€772,494▲ 13.4%€888,581▲ 15.0%
Total assets€4.0m▼ 10.6%€3.7m▼ 6.2%€4.9m▲ 30.5%€5.7m▲ 16.9%€7.4m▲ 29.8%
Debt€3.2m▼ 12.6%€3.0m▼ 4.4%€4.2m▲ 38.2%€4.9m▲ 17.6%€6.5m▲ 32.3%
Working capital€278,712▲ 58.1%€163,449▼ 41.4%-€59,260€159,195€441,725▲ 177%
Staff (FTE)41.9▼ 7.5%39.2▼ 6.4%35.5▼ 9.4%39.5▲ 11.3%42.7▲ 8.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 98% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €7.4m
Fixed assets
€735,757 ▼ 19.5%
Current assets
€6.7m ▲ 39.2%
Equity and liabilities €7.4m
Equity
€888,581 ▲ 15.0%
Provisions
€21,886 ▼ 13.9%
Debt
€6.5m ▲ 32.3%
Debt's share of the balance-sheet total rises from 86.0% to 87.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€756,073▲
2023 · €531,662
Cash flow
€439,403▲
2023 · €374,234
Current ratio
1.07▲
2023 · 1.03
Quick ratio
0.63▼
2023 · 0.67
Debt to equity
7.32▲
2023 · 6.37
ROE
14.7%▲
2023 · 8.9%
ROA
1.8%▲
2023 · 1.2%
Interest coverage
2.30▼
2023 · 2.92
Debt ≤ 1 year
€6.2m▲
2023 · €4.6m
Debt > 1 year
€250,444▼
2023 · €275,000
Income taxes
€64,640▲
2023 · €46,718
Staff costs
€2.5m▲
2023 · €2.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,653 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
1.9%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 4,653 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €1.9m | €1.8m | €2.1m | €2.5m | ▲ 17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €274,044 | €274,895 | €262,280 | €305,733 | €309,186 | ▲ 1.1% |
| Other operating charges640/8 | - | €125,085 | €27,851 | €31,176 | €62,026 | ▲ 99.0% |
| Gross operating margin9900 | €2.4m | €2.3m | €2.3m | €2.7m | €3.3m | ▲ 23.2% |
| Operating profit (loss)9901 | -€53,579 | €25,901 | €168,259 | €225,929 | €446,887 | ▲ 97.8% |
| Financial income75/76B | - | €106,283 | €10,047 | €71,554 | €86,472 | ▲ 20.8% |
| Recurring financial income75 | €109,718 | €106,283 | €10,047 | €71,554 | €86,472 | ▲ 20.8% |
| Financial charges65/66B | - | €126,225 | €146,251 | €182,264 | €342,034 | ▲ 87.7% |
| Recurring financial charges65 | €153,369 | €126,225 | €146,251 | €182,264 | €329,356 | ▲ 80.7% |
| Non-recurring financial charges66B | - | - | - | - | €12,678 | - |
| Profit (loss) for the period before taxes9903 | -€97,231 | €5,959 | €32,055 | €115,219 | €191,324 | ▲ 66.1% |
| Transfer from deferred taxes780 | - | €35,226 | €2,995 | - | €3,533 | - |
| Income taxes67/77 | €1,898 | €8,097 | €37,952 | €46,718 | €64,640 | ▲ 38.4% |
| Profit (loss) for the period9904 | -€65,076 | €33,088 | -€2,902 | €68,501 | €130,217 | ▲ 90.1% |
| Profit (loss) for the period to be appropriated9905 | -€65,076 | €33,088 | -€2,902 | €68,501 | €130,217 | ▲ 90.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.0m | €3.7m | €4.9m | €5.7m | €7.4m | ▲ 29.8% |
| Fixed assets21/28 | €1.1m | €998,595 | €1.1m | €913,717 | €735,757 | ▼ 19.5% |
| Intangible fixed assets21 | €727,955 | €755,912 | €805,240 | €717,598 | €534,280 | ▼ 25.5% |
| Tangible fixed assets22/27 | €282,816 | €180,050 | €194,147 | €133,182 | €151,218 | ▲ 13.5% |
| Plant, machinery and equipment23 | - | €39,890 | €30,263 | €33,537 | €23,759 | ▼ 29.2% |
| Furniture and vehicles24 | - | €83,278 | €91,010 | €55,408 | €102,849 | ▲ 85.6% |
| Leasing and similar rights25 | - | €54,630 | €71,485 | €44,236 | €24,453 | ▼ 44.7% |
| Other tangible fixed assets26 | - | €2,252 | €1,389 | - | €156 | - |
| Financial fixed assets28 | €62,768 | €62,633 | €62,768 | €62,938 | €50,260 | ▼ 20.1% |
| Current assets29/58 | €2.9m | €2.7m | €3.8m | €4.8m | €6.7m | ▲ 39.2% |
| Stocks and contracts in progress3 | €744,942 | €1.3m | €1.7m | €1.7m | €2.7m | ▲ 63.0% |
| Stocks30/36 | - | €809,539 | €690,587 | €693,746 | €716,852 | ▲ 3.3% |
| Contracts in progress37 | - | €538,864 | €989,008 | €979,305 | €2.0m | ▲ 105% |
| Amounts receivable within one year40/41 | €1.6m | €1.4m | €2.1m | €3.1m | €3.9m | ▲ 24.9% |
| Trade receivables40 | - | €1.4m | €2.1m | €3.1m | €3.9m | ▲ 25.5% |
| Other amounts receivable41 | - | €38,041 | €3,359 | €31,142 | €21,133 | ▼ 32.1% |
| Cash at bank and in hand54/58 | €23,999 | €5,545 | €79,424 | €14,337 | €67,121 | ▲ 368% |
| Deferred charges and accrued income490/1 | - | €6,646 | €7,851 | €558 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.0m | €3.7m | €4.9m | €5.7m | €7.4m | ▲ 29.8% |
| Equity10/15 | €727,777 | €619,963 | €681,336 | €772,494 | €888,581 | ▲ 15.0% |
| Contributions10/11 | - | €223,104 | €223,104 | €223,104 | €223,104 | = |
| Capital10 | - | - | - | - | €223,104 | - |
| Issued capital100 | - | - | - | - | €223,104 | - |
| Reserves13 | €262,316 | €262,316 | €262,316 | €262,316 | €262,316 | = |
| Non-distributable reserves130/1 | - | €22,310 | €22,310 | €22,310 | €22,310 | = |
| Legal reserve130 | - | - | - | - | €22,310 | - |
| Reserves not available under the articles1311 | - | €22,310 | €22,310 | €22,310 | - | - |
| Tax-exempt reserves132 | - | €37,500 | €37,500 | €37,500 | €37,500 | = |
| Distributable reserves133 | - | €202,506 | €202,506 | €202,506 | €202,506 | = |
| Profit (loss) carried forward14 | €89,475 | €122,563 | €119,661 | €188,162 | €318,379 | ▲ 69.2% |
| Investment grants15 | - | €11,979 | €76,255 | €98,912 | €84,782 | ▼ 14.3% |
| Provisions and deferred taxes16 | €101,673 | €101,673 | €25,418 | €25,418 | €21,886 | ▼ 13.9% |
| Deferred taxes168 | - | €101,673 | €25,418 | €25,418 | €21,886 | ▼ 13.9% |
| Amounts payable17/49 | €3.2m | €3.0m | €4.2m | €4.9m | €6.5m | ▲ 32.3% |
| Amounts payable after more than one year17 | €522,801 | €436,615 | €279,375 | €275,000 | €250,444 | ▼ 8.9% |
| Financial debts170/4 | - | €233,023 | €4,375 | - | - | - |
| Other amounts payable178/9 | - | €203,593 | €275,000 | €275,000 | €250,444 | ▼ 8.9% |
| Amounts payable within one year42/48 | €2.6m | €2.6m | €3.9m | €4.6m | €6.2m | ▲ 34.4% |
| Current portion of amounts payable after more than one year42 | - | €248,384 | €433,981 | €232,393 | €233,268 | ▲ 0.4% |
| Financial debts43 | - | €980,486 | €1.5m | €1.8m | €2.3m | ▲ 29.2% |
| Credit institutions430/8 | - | €980,486 | €1.5m | €1.8m | €2.3m | ▲ 29.2% |
| Trade debts44 | €686,277 | €1.1m | €1.5m | €1.6m | €2.9m | ▲ 82.6% |
| Suppliers440/4 | - | €1.1m | €1.5m | €1.6m | €2.9m | ▲ 82.6% |
| Taxes, remuneration and social security45 | - | €254,381 | €329,734 | €525,787 | €626,554 | ▲ 19.2% |
| Taxes450/3 | - | €95,805 | €162,716 | €343,163 | €402,605 | ▲ 17.3% |
| Remuneration and social security454/9 | - | €158,576 | €167,019 | €182,624 | €223,949 | ▲ 22.6% |
| Other amounts payable47/48 | - | €1,356 | €104,457 | €524,841 | €187,106 | ▼ 64.4% |
| Accrued charges and deferred income492/3 | - | €3,793 | €16,766 | - | €16,572 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€65,076 | €33,088 | -€2,902 | €68,501 | €130,217 | ▲ 90.1% |
| + Depreciation and write-downs630 | €274,044 | €274,895 | €262,280 | €305,733 | €309,186 | ▲ 1.1% |
| Operating cash flow (approximation) | €208,968 | €307,983 | €259,378 | €374,234 | €439,403 | ▲ 17.4% |
| Investment in fixed assets (approximation) | - | -€199,952 | -€325,840 | -€157,295 | -€131,226 | ▲ 16.6% |
| Change in cash | - | -€18,454 | €73,879 | -€65,087 | €52,784 | ▲ 181% |
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
06-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 98 days late
2024
18-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 110 days late
2023
31-12
Financial
Back to profitnet €68,501
Net result €68,501 after one loss-making year.
08-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 100 days late
2022
12-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 43 days late
2021
31-12
Financial
Back to profitnet €33,088
Net result €33,088 after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€65,076
Net result drops to -€65,076, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
31-12
Financial
Highest result since 2018net €154,550 ▲80%
Net result €154,550, the highest in the series.
31-12
Financial
Equity above €500,000Eq €850,049 ▲75.1%
2 profitable years in a row build equity to €850,049.
12-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 43 days late
Show earlier events
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 57 days late
2017
14-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 45 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Kortenberg · 1 establishment unit since 1994
Ground area
1,155 m²
Building footprint
285 m²
Volume, LiDAR
2,370 m³
2 parcels, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ACT RESEARCH
since 19942.068.926.163
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24025G0338/00S000 | Flanders | 900 m² | 1 · 128 m² | 10.9 m · 3 fl. |
| 24055B0189/00S007 | Flanders | 255 m² | 1 · 157 m² | 10.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerOwners 1
-
26%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 · 2 entries · 2,563 EUR awarded · 2,563 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 2 | 2,563 EUR | 2,563 EUR |
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Of 846 companies in sector 95319 we hold annual accounts for 251. 123 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded17-10-1994
Fiscal year end31-12
Activities, NACEBEL 2025
29201Manufacture of motor vehicles, trailers and semi-trailers
95319Other maintenance and repair of motor vehicles
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95312Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0453626834
Registered
07-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.