Eilahtan Research
ActiveSummary
Eilahtan Research has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €67k and a net result of €-38k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 54% of 7029 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-76
Solvency83▲+17
Growth52=
Track record94
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 1.51 against 1.42 in 2024; short-term debt: 41.5% and cash: 60.4% of total assets), and 41.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
58.5%
Return on assets
-33.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-05-2026, 73 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
73 d early
2024
55 d early
2023
30 d early
2022
42 d early
2021
46 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€67k▼ 53.7%
2024 · €145k
2021: €67k
2022: €119k
2023: €324k
2024: €145k
2021 → 2025
Total assets
€115k▼ 67.8%
2024 · €356k
2021: €128k
2022: €194k
2023: €342k
2024: €356k
2021 → 2025
Net result
€-38k
2024 · €21k
2021: €47k
2022: €53k
2023: €205k
2024: €21k
2021 → 2025
Working capital
€24k▼ 72.6%
2024 · €89k
2021: €61k
2022: €120k
2023: €314k
2024: €89k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€67k-€119k▲ 78.7%€324k▲ 172%€145k▼ 55.3%€67k▼ 53.7%
Operating result€60k-€68k▲ 13.5%€31k▼ 54.4%€26k▼ 15.7%€-38k
Net result€47k-€53k▲ 12.4%€205k▲ 289%€21k▼ 89.8%€-38k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €38k after €26k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €115k
Fixed assets
€43k ▼ 23.7%
Current assets
€72k ▼ 76.0%
Equity and liabilities €115k
Equity
€67k ▼ 53.7%
Debt
€48k ▼ 77.4%
Debt's share of the balance-sheet total falls from 59.2% to 41.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-25k▼
2024 · €34k
Cash flow
€-25k▼
2024 · €29k
Current ratio
1.51▲
2024 · 1.42
Debt to equity
0.71▼
2024 · 1.45
ROE
-56.6%▼
2024 · 14.4%
ROA
-33.1%▼
2024 · 5.9%
Interest coverage
-60.37▼
2024 · 123.71
Debt ≤ 1 year
€48k▼
2024 · €211k
Income taxes
€165▼
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€356k€115k▼
Fixed assets21/28€56k€43k▼
Tangible fixed assets22/27€56k€43k▼
Land and buildings22€3k€2k▼
Furniture and vehicles24€53k€40k▼
Current assets29/58€300k€72k▼
Amounts receivable within one year40/41€3k€1k▼
Trade receivables40€0€19▲
Other amounts receivable41€3k€1k▼
Cash at bank and in hand54/58€291k€69k▼
Deferred charges and accrued income490/1€6k€1k▼
Equity and liabilities
Total equity and liabilities10/49€356k€115k▼
Equity10/15€145k€67k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€125k€47k▼
Amounts payable17/49€211k€48k▼
Amounts payable within one year42/48€211k€48k▼
Trade debts44€101€1k▲
Suppliers440/4€101€1k▲
Taxes, remuneration and social security45€4k€0▼
Taxes450/3€4k€0▼
Other amounts payable47/48€206k€46k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A€9k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€13k▲
Other operating charges640/8€569€643▲
Gross operating margin9900€34k€-24k▼
Operating profit (loss)9901€26k€-38k▼
Financial income75/76B€0€980▲
Recurring financial income75€0€980▲
Financial charges65/66B€274€415▲
Recurring financial charges65€274€415▲
Profit (loss) for the period before taxes9903€26k€-38k▼
Income taxes67/77€5k€165▼
Profit (loss) for the period9904€21k€-38k▼
Profit (loss) for the period to be appropriated9905€21k€-38k▼
Appropriation of the result
Profit (loss) to be appropriated9906€325k€87k▼
Profit (loss) brought forward from the previous period14P€304k€125k▼
Profit to be distributed694/7€200k€40k▼
Return on contributions (dividend)694€200k€40k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-38k ▼281%
Net result drops to €-38k, the lowest in the series.
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2021net €205k ▲289%
Net result €205k, the highest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 19.99
Current ratio from 5.27 to 19.99; short-term debt falls from €28k to €17k.
31-12
Financial
Equity above €200kEq €324k ▲172%
3 profitable years in a row build equity to €324k.
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €119k ▲78.7%
2 profitable years in a row build equity to €119k.
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Boechout · 1 establishment unit since 2020
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.
Alexianenweg 242530 BoechoutGround area
575 m²
Building footprint
139 m²
Volume, LiDAR
1,023 m³
Parcel 11004C0195/00Y000, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Eilahtan Research
since 20202.310.038.766
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11004C0195/00Y000 | Flanders | 575 m² | 1 · 139 m² | 11.3 m · 3 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.
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SERVICE - ETUDE - COMMERCE
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ART OF LIVING
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Of 2,713 companies in sector 73200 we hold annual accounts for 1,783. 1,235 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-11-2020
Fiscal year end31-12
Activities, NACEBEL 2025
73200Market research and public opinion polling
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.