Summary
For the legal form of EUREC, Checked does not compute a bankruptcy probability. The 2025 annual accounts show a net result of €83,607. Its net result ranks better than 70% of 215 sector peers (fiscal year 2025). The company has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Insufficient figures
A score requires measurable solvency, liquidity and profitability. Missing figures are not a judgement about the company.
Axes · tick = 2024
Profitability73▲+1
Solvency-
Growth80=
Track record100
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 filingsDeviation from the deadline
2025
27 d late
2024
25 d late
2023
26 d late
2022
6 d early
2021
1 d late
2020
4 d early
2019
38 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 15 days after the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 32% of the sector filed late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€83,607▲ 37.1%
2024 · €60,962
Working capital
-€9,877▲ 0.6%
2024 · -€9,940
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 72, Scientific research and development, 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
Line20212022202320242025
Operating result€87,760▲ 32.8%€45,928▼ 47.7%€36,882▼ 19.7%€60,552▲ 64.2%€75,509▲ 24.7%
Net result€86,000within the sector's middle half▲ 32.7%€44,097within the sector's middle half▼ 48.7%€36,114within the sector's middle half▼ 18.1%€60,962within the sector's middle half▲ 68.8%€83,607within the sector's middle half▲ 37.1%
Total assets€2.1mwithin the sector's middle half▼ 10.8%€2.1mabove the sector's middle half▲ 0.1%€1.8mabove the sector's middle half▼ 15.3%€2.1mabove the sector's middle half▲ 14.8%€2.6mwithin the sector's middle half▲ 24.2%
Debt€2.1m▼ 10.8%€2.1m▲ 0.1%€1.8m▼ 15.3%€2.1m▲ 14.8%€2.6m▲ 24.2%
Working capital-€3,657▲ 79.4%€1,885-€6,042-€9,940▼ 64.5%-€9,877▲ 0.6%
Staff (FTE)6.4within the sector's middle half▲ 18.5%6.8▲ 6.3%6.8=7▲ 2.9%6.9within the sector's middle half▼ 1.4%
above
within
below
the middle half (P25 to P75) of NACE 72, Scientific research and development, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 25% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.6m
Fixed assets
€12,377 ▲ 24.5%
Current assets
€2.6m ▲ 24.2%
Key figures and ratios
EBITDA
€76,036▲
2024 · €60,830
Cash flow
€84,135▲
2024 · €61,241
Current ratio
1.00▲
2024 · 1.00
Quick ratio
0.51▼
2024 · 0.61
ROA
3.2%▲
2024 · 2.9%
Interest coverage
73.05▼
2024 · 74.67
Debt ≤ 1 year
€2.6m▲
2024 · €2.1m
Staff costs
€623,300▲
2024 · €553,150
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €460,378 | €488,975 | €535,586 | €553,150 | €623,300 | ▲ 12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,773 | €4,722 | €2,205 | €278 | €528 | ▲ 89.5% |
| Other operating charges640/8 | €767 | €310 | - | - | - | - |
| Gross operating margin9900 | €560,677 | €539,935 | €574,673 | €613,980 | €699,336 | ▲ 13.9% |
| Operating profit (loss)9901 | €87,760 | €45,928 | €36,882 | €60,552 | €75,509 | ▲ 24.7% |
| Financial income75/76B | €0 | €51 | €15 | €1,226 | €9,139 | ▲ 646% |
| Recurring financial income75 | €0 | €51 | €15 | €1,226 | €9,139 | ▲ 646% |
| Financial charges65/66B | €1,760 | €1,883 | €782 | €815 | €1,041 | ▲ 27.8% |
| Recurring financial charges65 | €1,760 | €1,883 | €782 | €815 | €1,041 | ▲ 27.8% |
| Profit (loss) for the period before taxes9903 | €86,000 | €44,097 | €36,114 | €60,962 | €83,607 | ▲ 37.1% |
| Profit (loss) for the period9904 | €86,000 | €44,097 | €36,114 | €60,962 | €83,607 | ▲ 37.1% |
| Profit (loss) for the period to be appropriated9905 | €86,000 | €44,097 | €36,114 | €60,962 | €83,607 | ▲ 37.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.1m | €2.1m | €1.8m | €2.1m | €2.6m | ▲ 24.2% |
| Fixed assets21/28 | €8,657 | €3,934 | €10,209 | €9,940 | €12,377 | ▲ 24.5% |
| Intangible fixed assets21 | €6,727 | €2,484 | €278 | - | - | - |
| Tangible fixed assets22/27 | €479 | - | - | - | €2,377 | - |
| Furniture and vehicles24 | €479 | - | - | - | €2,377 | - |
| Financial fixed assets28 | €1,451 | €1,451 | €9,930 | €9,940 | €9,999 | ▲ 0.6% |
| Current assets29/58 | €2.1m | €2.1m | €1.8m | €2.1m | €2.6m | ▲ 24.2% |
| Stocks and contracts in progress3 | €919,406 | €278,927 | €374,812 | €813,703 | €1.3m | ▲ 54.2% |
| Contracts in progress37 | €919,406 | €278,927 | €374,812 | €813,703 | €1.3m | ▲ 54.2% |
| Amounts receivable within one year40/41 | €216,567 | €372,727 | €147,166 | €192,946 | €196,978 | ▲ 2.1% |
| Trade receivables40 | €201,842 | €286,595 | €124,763 | €171,260 | €175,672 | ▲ 2.6% |
| Other amounts receivable41 | €14,725 | €86,132 | €22,402 | €21,686 | €21,306 | ▼ 1.8% |
| Current investments50/53 | - | €148,699 | €990,204 | €941,250 | €1.1m | ▲ 15.0% |
| Cash at bank and in hand54/58 | €997,852 | €1.3m | €292,878 | €129,741 | €44,361 | ▼ 65.8% |
| Deferred charges and accrued income490/1 | €3,788 | €2,702 | €4,811 | €1,640 | €2,540 | ▲ 54.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.1m | €2.1m | €1.8m | €2.1m | €2.6m | ▲ 24.2% |
| Amounts payable17/49 | €2.1m | €2.1m | €1.8m | €2.1m | €2.6m | ▲ 24.2% |
| Amounts payable within one year42/48 | €2.1m | €2.1m | €1.8m | €2.1m | €2.6m | ▲ 24.1% |
| Financial debts43 | - | €2,898 | €1,531 | €2,476 | €211 | ▼ 91.5% |
| Credit institutions430/8 | - | €2,898 | €1,531 | €2,476 | €211 | ▼ 91.5% |
| Trade debts44 | €14,006 | €60,441 | €6,355 | €26,384 | €55,988 | ▲ 112% |
| Suppliers440/4 | €14,006 | €60,441 | €6,355 | €26,384 | €55,988 | ▲ 112% |
| Advances received on contracts in progress46 | €1.2m | €1.1m | €798,244 | €1.0m | €1.4m | ▲ 37.1% |
| Taxes, remuneration and social security45 | €75,750 | €80,311 | €105,810 | €90,205 | €108,399 | ▲ 20.2% |
| Taxes450/3 | €13,763 | €23,137 | €18,690 | €12,940 | - | - |
| Remuneration and social security454/9 | €61,987 | €57,174 | €87,120 | €77,264 | €108,399 | ▲ 40.3% |
| Other amounts payable47/48 | €826,081 | €870,178 | €903,972 | €964,935 | €1.0m | ▲ 8.7% |
| Accrued charges and deferred income492/3 | €5,000 | €5,819 | €4,166 | - | €2,500 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €86,000 | €44,097 | €36,114 | €60,962 | €83,607 | ▲ 37.1% |
| + Depreciation and write-downs630 | €11,773 | €4,722 | €2,205 | €278 | €528 | ▲ 89.5% |
| Operating cash flow (approximation) | €97,773 | €48,819 | €38,320 | €61,241 | €84,135 | ▲ 37.4% |
| Investment in fixed assets (approximation) | - | €0 | -€8,479 | -€10 | -€2,964 | ▼ 29,539% |
| Change in cash | - | €343,911 | -€1.0m | -€163,137 | -€85,380 | ▲ 47.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Weakest financial yearnet €36,114 ▼18.1%
Net result drops to €36,114, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 1 day late
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 38 days late
2019
31-12
Financial
Highest result since 2018net €87,241 ▲131%
Operating result €88,198, net result €87,241, both a record.
13-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-06
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.
0 of 22 acts read
About the unread acts
We know of 22 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
22 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, Elsene · 1 establishment unit since 2008
Ground area
284 m²
Building footprint
195 m²
Volume, LiDAR
4,799 m³
Parcel 21009A0773/00G002, Brussels · tallest building 90.2 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
EUREC
since 20082.235.402.315
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A0773/00G002 | Brussels | 284 m² | 1 · 195 m² | 90.2 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
European Union, budget
2022 to 2025 · 17 entries · 2,068,595 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2025 | 3 | 308,133 EUR |
| 2024 | 5 | 756,353 EUR |
| 2023 | 5 | 300,472 EUR |
| 2022 | 4 | 703,638 EUR |
Projects
RESKILL4NETZERO - RESKILLING AND UPSKILLING THE WORKFORCE TO THRIVE IN A NET-ZERO EMISSIONS FUTURE
SECRETARIAT OF THE EUROPEAN TECHNOLOGY AND INNOVATION PLATFORM ON RENEWABLE HEATING
AND COOLING IN 2022-2025
THEUS - TRANSMISSION AND DISTRIBUTION HYBRID NETWORKS WITH ENHANCED RESILIENCE AND ROBUSTNESS
IWG5-CSA - EXPERT SUPPORT TO IMPLEMENTATION WORKING GROUP 5 OF THE SET PLAN - ENERGY EFFICIENCY IN BUILDINGS
ACTION GRANT
Show 7 more projects
REFORMERS - REGIONAL ECOSYSTEMS FOR MULTIPLE-ENERGY RESILIENT SYSTEMS
REALIZE - RENEWABLE ENERGY ACTIONS LEVERAGING INNOVATION TOWARDS ZERO EMISSIONS IN EUROPE
ETIP HYDROPOWER - ETIP HYDROPOWER EUROPE
GENDER EQUALITY IN THE GREEN ENERGY TRANSITION
EUROPEAN TECHNOLOGY AND INNOVATION PLATFORM BIOENERGY - SUPPORT OF RENEWABLE FUELS AND ADVANCED BIOENERGY STAKEHOLDERS 2022-2025
SET4H2 - SUPPORT TO THE SET PLAN IWG ON HYDROGEN
SUPPORT FOR THE CREATION OF A MULTI-DISCIPLINARY INNOVATIONS ANALYSIS AND CENTRE OF EXPERTISE FOR THE ENERGY TRANSITION
European research
36 projects · 7 as coordinator · 4,276,166 EUR EU contributionProjects
Secretariat of the European Technology and Innovation Platform on Renewable Heating and Cooling
Secretariat of the European Technology and Innovation Platform on Renewable Heating and Cooling in 2022-2025
Transmission and distribution Hybrid nEtworks with enhanced resilience and robUstnesS
Support to all stakeholders from the Photovoltaic sector and related sectors to contribute to the SET-Plan
Scaling-up the involvement of women in supporting and accelerating market uptake of renewable energy sources for heating and cooling
Show 30 more projects
Expert support to Implementation Working Group 5 of the SET Plan - Energy Efficiency in Buildings
Regional Ecosystems FOR Multiple-Energy Resilient Systems
More and better designed national public support for energy technology Research and Innovation
Competitive SolAr Power Towers – CAPTure
Supporting the SET Plan Implementation Working Group on Energy and Resource Efficiency in Buildings
Solar Heat for Industrial Process towards Food and Agro Industries Commitment in Renewables
RENEWABLE ENERGY ACTIONS LEVERAGING INNOVATION TOWARDS ZERO EMISSIONS IN EUROPE
DIGISOLAR: ADVANCED DIGITAL TOOLS FOR OPTIMISED PLANNING, MAINTENANCE AND OPERATION OF SOLAR THERMAL HYBRID SYSTEMS
PhotoVoltaic European Research Infrastructure
Secretariat of the European Technology and Innovation Platform on Renewable Heating and Cooling (4th evolution)
ETIP Hydropower Europe
Smart strategies for the transition in coal intensive regions
Energy Smart Livestock Farming towards Zero Fossil Fuel Consumption
Developing Cryogenic Energy Storage at Refrigerated Warehouses as an Interactive Hub to Integrate Renewable Energy in Industrial Food Refrigeration and to Enhance PowerGrid Sustainability
Actual execution of the Implementation Plan for Photovoltaics and monitoring the Implementation Plan’s delivery
EURO-MEDITERRANEAN COOPERATION ON RESEARCH & TRAINING IN SUN BASED RENEWABLE ENERGIES
SETDEPLOY - Driving the implementation of the SET Plan Action 8
HYDROPOWER-EUROPE
EUROPEAN TECHNOLOGY AND INNOVATION PLATFORM BIOENERGY - SUPPORT OF RENEWABLE FUELS AND ADVANCED BIOENERGY STAKEHOLDERS 2022-2025
Empowering Trans-Mediterranean Renewable Energy Research Alliance for Europe 2020 challenges
ETIP HYDROPOWER 2026-2028
Support of the activities of all stakeholders from the PV sector to collaborate together to achieve the 2020 targets and beyond
Quintuple Helix Approach to Targeted Open Innovation in Energy, Water, Agriculture in the South Mediterranean Neighborhood
Support to the SET Plan IWG on hydrogen 2026-2028
Support of the activities of all stakeholders from the PV sector to collaborate together to achieve the 2020 targets
The European Hydrogen Academy
Support to the SET Plan IWG on hydrogen
EUROPEAN TECHNOLOGY AND INNOVATION PLATFORM BIOENERGY - SUPPORT OF RENEWABLE FUELS AND ADVANCED BIOENERGY STAKEHOLDERS 2026-2028
Demonstration of integrated and sustainable enclosed raceway and photobioreactor microalgae cultivation with biodiesel production and validation
Support to the activities of the European Technology Platform on Renewable Heating and Cooling
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,177 companies in sector 72109 we hold annual accounts for 717. See the whole sector
Identification & contact
Identification
Legal formEuropean economic interest grouping
Founded11-09-1991
Fiscal year end31-12
Activities, NACEBEL 2025
72109Other research and development on natural sciences
E-invoicing
Reachable via Peppol
Peppol ID
0208:0445100930
Also
9925:BE0445100930
Registered
20-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.