Turnover
≈ €160,000 estimated
The micro format states no turnover.
DC Research and Development
Lifetime
8 annual accounts with figures on one time axispeak €52,519 (2024)
€52,519▲ 99.9%
lowest -€18,608 (2020)
€14,817▲ 57.0%
peak €39,080 (2024)
€39,080▲ 61.1%
€60,922▼ 14.8%
Board3 names since 2016
3 directorsCelik Fazil and 2 others
Documentsfilings and deeds
30-09-202561 days late
2024micro format
Gross margin from €26,275 to €52,519Result from €9,437 to €14,817Equity from €24,263 to €39,080
Key points
from the 2024 annual accountsChecked score
57
Fair
Financially stronger than 67% of micro companies in computer and electronic products (NACE 26)
Probability in this band: 1.5% to 4.2%
A confirmed filing finding caps the score at 59.
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 447 companies (NACE 26, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 8.0%
01-2025: 9.0%▲ +1.0 percentage point vs 12-2024
02-2025: 8.9%▼ -0.1 percentage points vs 01-2025
03-2025: 9.2%▲ +0.3 percentage points vs 02-2025highest value
04-2025: 6.0%▼ -3.2 percentage points vs 03-2025
05-2025: 1.1%▼ -4.9 percentage points vs 04-2025
06-2025: 1.1%● unchanged vs 05-2025
07-2025: 1.1%● unchanged vs 06-2025
08-2025: 1.6%▲ +0.5 percentage points vs 07-2025
09-2025: 1.9%▲ +0.3 percentage points vs 08-2025
10-2025: 2.9%▲ +1.0 percentage point vs 09-2025
11-2025: 0.2%▼ -2.7 percentage points vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026lowest value
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.1 percentage points vs 07-2026
09-2026: 0.4%▲ +0.1 percentage points vs 08-2026
10-2026: 0.6%▲ +0.2 percentage points vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Capped at 59: a confirmed filing finding
Figures for financial year 2024 (filed on 02-10-2025)
1 financial year not filed after the legal deadline; last filed accounts filed 61 days late; 3 of the last 3 accounts late
lowers risk
Sector: Manufacture of computer, electronic and optical products (NACE 26)
Liquidity: current ratio 1.83, cash €30,017
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 26, micro). It does better than 39% of them on solvency, 64% on liquidity, 76% on profitability and 89% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 26,972 companies had the same profile as DC Research and Development has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DC Research and Development itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for DC Research and Development. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is ample, with a current ratio of 1.83 (1.02 in 2023), above the usual 1.5. Short-term debt is 40% and cash 29.1% of total assets. However, 62.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
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 €39,080
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 102 days later.
NBB · 8 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline10-11-2026 today
raises risk · 2024 accounts filed 61 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 8 filingsDeviation from the deadline
2025
not filed
2024
61 days late
2023
239 days late
2022
322 days late
2021
28 days late
2020
102 days late
2019
91 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 141 days after the deadline. In the sector (NACE 26), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (1)
Board and ownership
CF
Celik Fazil
Director, since 09-11-2016
CH
Celik Hakki
Director, since 09-11-2016
FC
Ferhat Celik
Manager, since 09-11-2016
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0665893023
Registered office moved within Sint-Genesius-Rode
New registered office: Priorijlaan 50 1640 Sint-Genesius-Rode · Previous registered office: Grote Hutsesteenweg 31A 1640 Sint-Genesius-Rode · Board meeting of 31-01-2023 · Gazette deed
Incorporation
published on 16-11-2016 · Gazette deed
First establishment
Priorijlaan 50, Sint-Genesius-Rode
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DC Research and Development Sint-Genesius-Rode | €103,259 | €52,519 | 37.8% | - |
| HUBTECH Hannut | €130,948 | €39,281 | 43.1% | - |
| DCINERGY Aarschot | €96,499 | €102,369 | 10.4% | - |
| Enthrust Energy Zaventem | €96,389 | €77,372 | 98.3% | - |
| System Volt Sint-Niklaas | €51,773 | €58,176 | 76.5% | - |
| BODA Merelbeke-Melle | €106,422 | €18,054 | 63.7% | - |
| MOBITIME BELGIUM Charleroi | €348,826 | €36,630 | -343.4% | - |
These companies have the same main activity as DC Research and Development: manufacture of computer, electronic and optical products (NACE 26110). They are comparable in size and age: total assets between €51,800 and €349,000, founded between 2014 and 2021.
Official details
Source: KBO- Status
- Active since 10-11-2016Normal situation
- Activity
- Manufacture of computer, electronic and optical productsNACE 26110and 3 others
- Establishment unit
- 2.258.795.0521640 Sint-Genesius-Rode, since 10-11-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 13-01-2026
Insights on DC Research and Development
DC Research and Development files the micro format. That format states no turnover. The gross margin rose from €13,850 in 2017 to €52,519 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about DC Research and Development
- What is the company number of DC Research and Development?
- The company number of DC Research and Development is 0665.893.023. The VAT number is the same number with BE in front: BE 0665.893.023.
- Where is DC Research and Development based?
- The registered office is at Priorijlaan 50, 1640 Sint-Genesius-Rode.Company details
- What does DC Research and Development do?
- According to the KBO register, the main activity is manufacture of computer, electronic and optical products (NACE 26110).
- What is the legal form of DC Research and Development?
- DC Research and Development is a private limited company (pre-2019) (BVBA).
- When was DC Research and Development founded?
- DC Research and Development was founded on 10-11-2016.
- Is DC Research and Development still active?
- Yes, DC Research and Development is an active enterprise in the KBO register.
- What is the turnover of DC Research and Development?
- The turnover in financial year 2024 is ≈ €160,000. This figure is estimated from the gross margin of €52,519 and 2,667 comparable companies of the same size. It probably lies between €100,000 and €270,000. It is a rough estimate.Financials
- Is DC Research and Development profitable?
- In financial year 2024, DC Research and Development made a profit of €14,817.
- Where can I find the annual accounts of DC Research and Development?
- DC Research and Development filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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