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DEDICATED RESOURCES

Active
Private limited companyfounded 201115 yrs activeMiddelburgstraat 64b, 1170 Watermaal-Bosvoorde, BelgiumKBO/BCE: BE 0838.188.084
Summary

The computed 12-month bankruptcy probability of DEDICATED RESOURCES is 1.7% (moderate). The 2024 annual accounts show equity of €84,274 and a net result of -€39,163. Equity is shrinking by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 25% of 8966 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability5▼-74
Solvency48▼-3
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.29 against 2.6 in 2023; short-term debt: 65.4% of total assets), and 77.1% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
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 2024
Solvency, return and age of the figures
Solvency
22.9%
Return on assets
-10.6%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 15 years 0 20 y
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 8966 sector peers (2024).
NBB · sector comparison
Position among 8966 sector peers
Solvency
better than 25%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 · 10 filings
Deviation from the deadline
2025
not confirmed
2024
31 d late
2023
369 d late
2022
735 d late
2021
29 d late
2019
30 d early
2018
30 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 194 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 28 July 2011, DEDICATED RESOURCES was incorporated.1 Total assets went from EUR 631,587 in 2018 to EUR 368,551 in 2024 and headcount from 18.7 full-time equivalents in 2018 to 5.5 in 2022.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018, 2022 and 2024

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Financials · fiscal year 2024, micro schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€39,163
2023 · €40,447
Working capital
€70,156▼ 71.8%
2023 · €248,903
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20192021202220232024
Operating result-€214,446€63,283-€12,641▼ 80.0%€46,278▲ 266%-€38,071
Net result-€239,834€62,604above the sector's middle half-€12,042within the sector's middle half▼ 80.8%€40,447within the sector's middle half▲ 236%-€39,163below the sector's middle half
Equity€90,402▼ 72.6%€70,947within the sector's middle half-€82,989within the sector's middle half▲ 17.0%€123,437within the sector's middle half▲ 48.7%€84,274within the sector's middle half▼ 31.7%
Total assets€341,186▼ 46.0%€370,559above the sector's middle half-€383,021above the sector's middle half▲ 3.4%€475,436above the sector's middle half▲ 24.1%€368,551above the sector's middle half▼ 22.5%
Debt€250,785▼ 16.8%€299,612-€300,032▲ 0.1%€351,999▲ 17.3%€284,277▼ 19.2%
Working capital€24,366▼ 90.2%€223,531-€225,699▲ 1.0%€248,903▲ 10.3%€70,156▼ 71.8%
Solvency26.5%▼ 25.8pp19.1%below the sector's middle half-21.7%within the sector's middle half▲ 2.5pp26.0%within the sector's middle half▲ 4.3pp22.9%below the sector's middle half▼ 3.1pp
Staff (FTE)11.2▼ 40.1%5.5-5.5=
above within below the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€300,000-€200,000-€100,000€0€100,000Operating result 2019: -€214,446-€214,446Net result 2019: -€239,834-€239,834Operating result 2021: €63,283€63,283Net result 2021: €62,604€62,604Operating result 2022: €12,641€12,641Net result 2022: €12,042€12,042Operating result 2023: €46,278€46,278Net result 2023: €40,447€40,447Operating result 2024: -€38,071-€38,071Net result 2024: -€39,163-€39,16320192021202220232024-€50,000-€25,000€0€25,000€50,000Operating result 2022: €12,641€12,600Net result 2022: €12,042€12,000Operating result 2023: €46,278€46,300Net result 2023: €40,447€40,400Operating result 2024: -€38,071-€38,100Net result 2024: -€39,163-€39,200202220232024
The operating result turns negative in 2024: a loss of €38,071 after €46,278 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €368,551
Fixed assets €57,313 ▼ 18.8%
Current assets €311,238 ▼ 23.1%
Equity and liabilities €368,551
Equity €84,274 ▼ 31.7%
Debt €284,277 ▼ 19.2%
Debt's share of the balance-sheet total rises from 74.0% to 77.1%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
-€24,759▼
2023 · €64,495
Cash flow
-€25,852▼
2023 · €58,664
Current ratio
1.29▼
2023 · 2.60
Debt to equity
3.37▲
2023 · 2.85
ROE
-46.5%▼
2023 · 32.8%
ROA
-10.6%▼
2023 · 8.5%
Interest coverage
-19.77▼
2023 · 40.79
Debt ≤ 1 year
€241,082▲
2023 · €155,909
Debt > 1 year
€11,532▼
2023 · €196,090
Income taxes
€68▼
2023 · €4,533
Staff costs
€239,790▼
2023 · €263,918
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,295 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 89% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 10 to 30%
  • a loss of 10% of the balance sheet or more
3.6% went bankrupt
5.9% stopped otherwise
89% still going

A further 1.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.7% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 1,295 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 54 lines
Balance sheet Code20232024
Assets
Total assets20/58€475,436€368,551▼
Fixed assets21/28€70,624€57,313▼
Tangible fixed assets22/27€43,226€29,914▼
Furniture and vehicles24€39,590€27,187▼
Other tangible fixed assets26€3,636€2,727▼
Financial fixed assets28€27,398€27,398=
Current assets29/58€404,812€311,238▼
Amounts receivable within one year40/41€282,237€263,743▼
Trade receivables40€259,081€242,411▼
Other amounts receivable41€23,156€21,332▼
Cash at bank and in hand54/58€103,673-
Deferred charges and accrued income490/1€18,903€47,495▲
Equity and liabilities
Total equity and liabilities10/49€475,436€368,551▼
Equity10/15€123,437€84,274▼
Contributions10/11€18,550€18,550=
Reserves13€256,855€256,855=
Non-distributable reserves130/1€1,855€1,855=
Reserves not available under the articles1311€1,855€1,855=
Distributable reserves133€255,000€255,000=
Profit (loss) carried forward14-€151,968-€191,132▼
Amounts payable17/49€351,999€284,277▼
Amounts payable after more than one year17€196,090€11,532▼
Financial debts170/4€20,758€11,532▼
Other amounts payable178/9€175,332-
Amounts payable within one year42/48€155,909€241,082▲
Current portion of amounts payable after more than one year42€9,226€9,226=
Financial debts43-€3,013
Credit institutions430/8-€3,013
Trade debts44€116,177€31,597▼
Suppliers440/4€116,177€31,597▼
Taxes, remuneration and social security45€30,002€26,722▼
Taxes450/3€27,322€26,722▼
Remuneration and social security454/9€2,681-
Other amounts payable47/48€504€170,525▲
Accrued charges and deferred income492/3-€31,663
Income statement Code20232024
Remuneration, social security and pensions62€263,918€239,790▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18,217€13,311▼
Other operating charges640/8€2,496€1,067▼
Non-recurring operating charges66A-€5
Gross operating margin9900€330,908€216,102▼
Operating profit (loss)9901€46,278-€38,071▼
Financial income75/76B€286€228▼
Recurring financial income75€286€228▼
Financial charges65/66B€1,584€1,252▼
Recurring financial charges65€1,581€1,252▼
Non-recurring financial charges66B€3-
Profit (loss) for the period before taxes9903€44,981-€39,095▼
Income taxes67/77€4,533€68▼
Profit (loss) for the period9904€40,447-€39,163▼
Profit (loss) for the period to be appropriated9905€40,447-€39,163▼
Appropriation of the result
Profit (loss) to be appropriated9906-€111,968-€191,132▼
Profit (loss) brought forward from the previous period14P-€152,416-€151,968▲
Transfer to equity691/2€40,000-
To other reserves6921€40,000-

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20192021202220232024Change
Remuneration, social security and pensions62-€250,677€284,193€263,918€239,790▼ 9.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28,306€11,056€8,790€18,217€13,311▼ 26.9%
Other operating charges640/8-€1,534€804€2,496€1,067▼ 57.2%
Non-recurring operating charges66A----€5-
Gross operating margin9900€351,881€326,550€306,428€330,908€216,102▼ 34.7%
Operating profit (loss)9901-€214,446€63,283€12,641€46,278-€38,071▼ 182%
Financial income75/76B-€6€43€286€228▼ 20.4%
Recurring financial income75€169€6€43€286€228▼ 20.4%
Financial charges65/66B-€180€260€1,584€1,252▼ 20.9%
Recurring financial charges65€6,587€180€260€1,581€1,252▼ 20.8%
Non-recurring financial charges66B---€3--
Profit (loss) for the period before taxes9903-€220,865€63,109€12,424€44,981-€39,095▼ 187%
Income taxes67/77€18,970€505€382€4,533€68▼ 98.5%
Profit (loss) for the period9904-€239,834€62,604€12,042€40,447-€39,163▼ 197%
Profit (loss) for the period to be appropriated9905-€239,834€62,604€12,042€40,447-€39,163▼ 197%
Line20192021202220232024Change
Assets
Total assets20/58€341,186€370,559€383,021€475,436€368,551▼ 22.5%
Fixed assets21/28€66,035€45,321€48,834€70,624€57,313▼ 18.8%
Tangible fixed assets22/27€54,935€25,481€21,631€43,226€29,914▼ 30.8%
Furniture and vehicles24-€18,582€16,363€39,590€27,187▼ 31.3%
Other tangible fixed assets26-€6,899€5,268€3,636€2,727▼ 25.0%
Financial fixed assets28€11,100€19,840€27,203€27,398€27,398=
Current assets29/58€275,151€325,238€334,187€404,812€311,238▼ 23.1%
Amounts receivable within one year40/41€177,307€128,959€228,952€282,237€263,743▼ 6.6%
Trade receivables40-€113,729€213,005€259,081€242,411▼ 6.4%
Other amounts receivable41-€15,230€15,948€23,156€21,332▼ 7.9%
Cash at bank and in hand54/58€93,656€181,233€92,018€103,673--
Deferred charges and accrued income490/1-€15,046€13,216€18,903€47,495▲ 151%
Equity and liabilities
Total equity and liabilities10/49€341,186€370,559€383,021€475,436€368,551▼ 22.5%
Equity10/15€90,402€70,947€82,989€123,437€84,274▼ 31.7%
Contributions10/11€18,550€18,550€18,550€18,550€18,550=
Reserves13€216,855€216,855€216,855€256,855€256,855=
Non-distributable reserves130/1-€1,855€1,855€1,855€1,855=
Reserves not available under the articles1311-€1,855€1,855€1,855€1,855=
Distributable reserves133-€215,000€215,000€255,000€255,000=
Profit (loss) carried forward14-€145,003-€164,458-€152,416-€151,968-€191,132▼ 25.8%
Amounts payable17/49€250,785€299,612€300,032€351,999€284,277▼ 19.2%
Amounts payable after more than one year17-€194,377€190,311€196,090€11,532▼ 94.1%
Financial debts170/4---€20,758€11,532▼ 44.4%
Other amounts payable178/9-€194,377€190,311€175,332--
Amounts payable within one year42/48€250,785€101,707€108,489€155,909€241,082▲ 54.6%
Current portion of amounts payable after more than one year42---€9,226€9,226=
Financial debts43----€3,013-
Credit institutions430/8----€3,013-
Trade debts44€50,527€43,871€83,790€116,177€31,597▼ 72.8%
Suppliers440/4-€43,871€83,790€116,177€31,597▼ 72.8%
Taxes, remuneration and social security45-€57,836€24,699€30,002€26,722▼ 10.9%
Taxes450/3-€21,385€23,234€27,322€26,722▼ 2.2%
Remuneration and social security454/9-€36,451€1,465€2,681--
Other amounts payable47/48---€504€170,525▲ 33,763%
Accrued charges and deferred income492/3-€3,528€1,232-€31,663-
Line20192021202220232024Change
Profit (loss) for the period9904-€239,834€62,604€12,042€40,447-€39,163▼ 197%
+ Depreciation and write-downs630€28,306€11,056€8,790€18,217€13,311▼ 26.9%
Operating cash flow (approximation)-€211,528€73,660€20,833€58,664-€25,852▼ 144%
Investment in fixed assets (approximation)---€12,303-€40,007€0▲ 100%
Change in cash---€89,215€11,654--

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
31-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
04-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 369 days late
04-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 735 days late
2023
31-12
Financial Equity above €100,000Eq €123,437 ▲48.7%
3 profitable years in a row build equity to €123,437.
2022
29-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial Back to profitnet €62,604
Net result €62,604 after one loss-making year.
31-12
Financial Liquidity triplescurrent ratio 3.20
Current ratio from 1.10 to 3.20; short-term debt falls from €250,785 to €101,707.
2020
01-07
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial Weakest financial yearnet -€239,834
Net result drops to -€239,834, the lowest in the series; recovery starts the following year.
30-08
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
11-06
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
17-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
16-08
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 16 days late
2015
08-10
NBB filing Annual accounts filed
fiscal year 2014 · full schema · 69 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
5 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, Watermaal-Bosvoorde · 2 establishment units since 2011
seat establishment All 2 establishment units on the map
Ground area
2,516 m²
Building footprint
424 m²
Volume, LiDAR
4,982 m³
3 parcels, Brussels · tallest building 16.1 m, ±5 floors. Linked by address, not a title deed.
11 companies at this address See who is registered here
2 establishment units
Dedicated
Delleurlaan 18, 1170 Watermaal-BosvoordeMarket research and public opinion polling
since 20112.232.449.753
Dedicated
Delleurlaan 20, 1170 Watermaal-BosvoordeMarket research and public opinion polling
since 20112.232.450.050
3 parcels
Brussels 3 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21652E0291/00W002 Brussels 1,004 m² 1 · 125 m² 14.3 m · 4 fl.
21652E0291/00S002 Brussels 905 m² 1 · 123 m² 14.1 m · 4 fl.
21652E0621/00T000 Brussels 607 m² 1 · 176 m² 16.1 m · 5 fl.
Linked by address, not proof of ownership
Good to know
3 of 3 parcels 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

Of 2,711 companies in sector 73200 we hold annual accounts for 1,781. 1,287 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded28-07-2011
Fiscal year end31-12
Activities, NACEBEL 2025
73200Market research and public opinion polling
E-invoicing
Reachable via Peppol
Peppol ID 0208:0838188084
Registered 10-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.