ENGINEERING RECHERCHE ET DEVELOPPEMENT
ActiveENGINEERING RECHERCHE ET DEVELOPPEMENT has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €89k and a net result of €84k. Equity is growing by ~28.3% per year across the filed fiscal years. Its solvency ranks better than 69% of 11257 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency91▲+60
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 5.17 against 1.19 in 2024; short-term debt: 18.9% and cash: 11.9% of total assets), and 34% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
66%
Return on assets
62.7%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 23-03-2026, 130 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
130 d early
2024
44 d late
2023
219 d late
2022
582 d late
2021
61 d late
2020
73 d late
2019
109 d late
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€84k
2024 · €-61k
2018: €32k
2019: €-4k
2020: €11k
2021: €17k
2022: €28k
2023: €-8k
2024: €-61k
2018 → 2025
Working capital
€106k▲ 858%
2024 · €11k
2018: €18k
2019: €20k
2020: €32k
2021: €23k
2022: €59k
2023: €59k
2024: €11k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€46k-€74k▲ 61.7%€66k▼ 10.7%€4k▼ 93.3%€89k▲ 1,922%
Operating result€23k-€38k▲ 65.2%€6k▼ 85.5%€-60k€77k
Net result€17k-€28k▲ 63.6%€-8k€-61k▼ 679%€84k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €77k after a loss of €60k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €134k
Fixed assets
€3k=
Current assets
€131k▲ 86.7%
Equity and liabilities €134k
Equity
€89k▲ 1,922%
Debt
€46k▼ 33.7%
The debt ratio falls from 94.0% to 34.0%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
66.0%▲
2024 · 6.0%
Current ratio
5.17▲
2024 · 1.19
Quick ratio
2.42▲
2024 · 0.99
Debt / equity
0.52▼
2024 · 15.71
ROE
95.1%
ROA
62.7%▲
2024 · -83.8%
Debt
€46k▼
2024 · €69k
Debt ≤ 1 year
€25k▼
2024 · €59k
Debt > 1 year
€20k▲
2024 · €10k
Income taxes
€-5k▼
2024 · €174
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€73k€134k▲
Fixed assets21/28€3k€3k=
Financial fixed assets28€3k€3k=
Current assets29/58€70k€131k▲
Stocks and contracts in progress3€12k€70k▲
Stocks30/36€12k€70k▲
Amounts receivable within one year40/41€26k€45k▲
Trade receivables40€10k€41k▲
Other amounts receivable41€16k€4k▼
Current investments50/53€63€63=
Cash at bank and in hand54/58€33k€16k▼
Deferred charges and accrued income490/1-€381
Equity and liabilities
Total equity and liabilities10/49€73k€134k▲
Equity10/15€4k€89k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-16k€68k▲
Amounts payable17/49€69k€46k▼
Amounts payable after more than one year17€10k€20k▲
Financial debts170/4€10k€20k▲
Amounts payable within one year42/48€59k€25k▼
Current portion of amounts payable after more than one year42€3k€7k▲
Trade debts44€37k€6k▼
Suppliers440/4€37k€6k▼
Taxes, remuneration and social security45€19k€12k▼
Taxes450/3€19k€12k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k-
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A€215€63▼
Gross operating margin9900€-54k€78k▲
Operating profit (loss)9901€-60k€77k▲
Financial income75/76B€48€11k▲
Recurring financial income75€48€11k▲
Financial charges65/66B€1k€8k▲
Recurring financial charges65€1k€8k▲
Profit (loss) for the period before taxes9903€-61k€79k▲
Income taxes67/77€174€-5k▼
Profit (loss) for the period9904€-61k€84k▲
Profit (loss) for the period to be appropriated9905€-61k€84k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-16k€68k▲
Profit (loss) brought forward from the previous period14P€45k€-16k▼
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
23-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €84k
Net result €84k after 2 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 5.17
Current ratio from 1.19 to 5.17; short-term debt falls from €59k to €25k.
13-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 44 days late
07-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 219 days late
04-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 582 days late
2024
31-12
Financial
Weakest financial yearnet €-61k
Net result drops to €-61k, the lowest in the series; recovery starts the following year.
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 61 days late
2021
12-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 73 days late
2020
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
17-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 109 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Walcourt · 1 establishment unit since 1997
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.
Allée J.F. Kennedy(Cha) 15650 Walcourt1 establishment unit
Allée J.F. Kennedy(Cha) 1, 5650 Walcourt
since 19972.081.039.681
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Leatex
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DIAMOND CARD
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AKM
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Of 1,566 companies in sector 46900 we hold annual accounts for 920. 587 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-03-1997
Fiscal year end31-12
Activities, NACEBEL
46900Non-specialised wholesale trade
51900
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filings
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0498625822