DC Research and Development
ActiveDC Research and Development has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €39k and a net result of €15k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 41% of 276 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
81
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability87▲+6
Solvency63▲+13
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 1.83 against 1.02 in 2023; short-term debt: 40% and cash: 29.1% of total assets), but 62.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 26
Relative position
BE, all sectors
reference
Sector 26
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
37.8%
Return on assets
14.3%
Age of the figures
21 mo
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 €39k
neutral · Filed after the deadline
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. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
239 d late
2022
322 d late
2021
28 d late
2020
102 d late
2019
91 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€39k▲ 61.1%
2023 · €24k
2018: €33k
2019: €25k
2020: €6k
2021: €9k
2022: €15k
2023: €24k
2018 → 2024
Total assets
€103k▲ 7.8%
2023 · €96k
2018: €269k
2019: €223k
2020: €197k
2021: €177k
2022: €48k
2023: €96k
2018 → 2024
Net result
€15k▲ 57.0%
2023 · €9k
2018: €27k
2019: €-9k
2020: €-19k
2021: €3k
2022: €6k
2023: €9k
2018 → 2024
Working capital
€34k▲ 4,463%
2023 · €753
2018: €20k
2019: €31k
2020: €12k
2021: €159k
2022: €-6k
2023: €753
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€6k-€9k▲ 43.3%€15k▲ 69.3%€24k▲ 63.7%€39k▲ 61.1%
Operating result€-17k-€4k€8k▲ 101%€11k▲ 43.7%€32k▲ 197%
Net result€-19k-€3k€6k▲ 129%€9k▲ 55.5%€15k▲ 57.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 197% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €103k
Fixed assets
€28k▼ 52.1%
Current assets
€76k▲ 98.2%
Equity and liabilities €103k
Equity
€39k▲ 61.1%
Provisions
€3k
Debt
€61k▼ 14.8%
The debt ratio falls from 74.7% to 59.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€48k▲
2023 · €26k
Cash flow
€30k▲
2023 · €24k
Solvency
37.8%▲
2023 · 25.3%
Current ratio
1.83▲
2023 · 1.02
Quick ratio
1.83▲
2023 · 1.02
Debt / equity
1.56▼
2023 · 2.95
ROE
37.9%▼
2023 · 38.9%
ROA
14.3%▲
2023 · 9.9%
Interest coverage
19.96▼
2023 · 23.28
Debt
€61k▼
2023 · €72k
Debt ≤ 1 year
€41k▲
2023 · €37k
Debt > 1 year
€20k▼
2023 · €34k
Income taxes
€12k▲
2023 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€96k€103k▲
Fixed assets21/28€58k€28k▼
Tangible fixed assets22/27€58k€27k▼
Furniture and vehicles24€50k€21k▼
Other tangible fixed assets26€7k€7k▼
Financial fixed assets28€87€87=
Current assets29/58€38k€76k▲
Amounts receivable within one year40/41€3k€44k▲
Trade receivables40€1k€22k▲
Other amounts receivable41€2k€22k▲
Cash at bank and in hand54/58€34k€30k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€96k€103k▲
Equity10/15€24k€39k▲
Contributions10/11€6k€6k=
Reserves13€29k€42k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€1k€15k▲
Distributable reserves133€25k€25k=
Profit (loss) carried forward14€-11k€-9k▲
Provisions and deferred taxes16-€3k
Deferred taxes168-€3k
Amounts payable17/49€72k€61k▼
Amounts payable after more than one year17€34k€20k▼
Financial debts170/4€34k€20k▼
Amounts payable within one year42/48€37k€41k▲
Current portion of amounts payable after more than one year42€14k€14k▲
Trade debts44€7k€9k▲
Suppliers440/4€7k€9k▲
Taxes, remuneration and social security45€13k€18k▲
Taxes450/3€13k€18k▲
Other amounts payable47/48€4k€0▼
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€15k▲
Other operating charges640/8€682€5k▲
Gross operating margin9900€26k€53k▲
Operating profit (loss)9901€11k€32k▲
Financial income75/76B€631€80▼
Recurring financial income75€631€80▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€10k€30k▲
Transfer to deferred taxes680-€3k
Income taxes67/77€1k€12k▲
Profit (loss) for the period9904€9k€15k▲
Transfer to tax-exempt reserves689-€13k
Profit (loss) for the period to be appropriated9905€9k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-11k€-9k▲
Profit (loss) brought forward from the previous period14P€-20k€-11k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
27-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 239 days late
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 322 days late
2022
28-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
31-12
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
31-12
Financial
Liquidity times 8current ratio 10.93
Current ratio from 1.35 to 10.93; short-term debt falls from €34k to €16k.
10-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 102 days late
2020
31-12
Financial
Weakest financial yearnet €-19k
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Sint-Genesius-Rode · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Priorijlaan 501640 Sint-Genesius-RodeGround area
791 m²
Building footprint
140 m²
Volume, LiDAR
769 m³
Parcel 22552E0015/00H012, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Priorijlaan 50, 1640 Sint-Genesius-Rode
since 20162.258.795.052
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22552E0015/00H012 | Flanders | 791 m² | 1 · 140 m² | 6.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Centen Technology Development (Belgium) Co., Ltd
BE 0560.825.690
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System Volt
BE 0734.846.561
Sint-Niklaas · Eq €40k
Etablissements Edouard Defrance
BE 0402.032.930
Wemmel · Eq €40k
SG-Engineering
BE 1001.319.221
Florennes · Eq €37k
ROLAND WILLIAM RENOVATIES
BE 0776.610.110
Tongeren-Borgloon · Eq €48k
Of 249 companies in sector 26110 we hold annual accounts for 182. 76 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded10-11-2016
Fiscal year end31-12
Activities, NACEBEL
26110Manufacture of computer, electronic and optical products
61200Telecommunications resale and intermediation services
61900Telecommunications
62020IT consultancy
62200Computer consultancy and computer facilities management
80090Investigation and security activities
80200Investigation and security activities
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.