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EURESEARCH

Active
Public limited companyfounded 1990active for 36 yearsVichtestraat(O) 31 A, 8553 Zwevegem, BelgiumKBO/BCE: BE 0440.580.136
Summary

The computed 12-month bankruptcy probability of EURESEARCH is 2.4% (moderate). The 2024 annual accounts show negative equity (-€415,917) and a net result of €165,927. Equity is shrinking by about 5% per year across the filed financial years. Its solvency ranks better than 5% of 8,090 sector peers (NACE 70, financial year 2024). The company has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Business and other management consultancy
NACE 70200
2 sites
Size
€2.1mtotal assets 2024
Staff
1.8 FTE
Equity
-€415,917
Profit
€165,927
Financial health
51 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
2.4%
Structure
Holdings
3
Accounts 76 days overdue2 of 9 deeds read
Why 51raises risk1 change of registered office in 24 monthsNegative equity -€415,917Figures for financial year 2024 (filed 05-06-2025)lowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Show the evidence

Checked score

Score 2024
51 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 31% of its sector peers (NACE 70, micro)
Financial strength · tick = 2023
Weak
Solvency 5-3
equity -20.2% of total assets
Liquidity 40+14
short-term debt 32.6% · cash 3.1%
Profitability 59+59
return on assets 8.0%
Bankruptcy probability, 12 months
2.4% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (48,334 companies, NACE 70, micro)
Last 24 months 11-2024: 2.6% 12-2024: 5.6%▲ +3.0 percentage points vs 11-2024 01-2025: 5.6%● unchanged vs 12-2024 02-2025: 5.5%▼ -0.1 percentage points vs 01-2025 03-2025: 6.5%▲ +1.0 percentage point vs 02-2025 04-2025: 6.5%● unchanged vs 03-2025 05-2025: 6.5%● unchanged vs 04-2025 06-2025: 6.6%▲ +0.1 percentage points vs 05-2025highest value 07-2025: 0.6%▼ -6.0 percentage points vs 06-2025lowest value 08-2025: 0.6%● unchanged vs 07-2025lowest value 09-2025: 0.6%● unchanged vs 08-2025lowest value 10-2025: 0.6%● unchanged vs 09-2025lowest value 11-2025: 0.6%● unchanged vs 10-2025lowest value 12-2025: 0.6%● unchanged vs 11-2025lowest value 01-2026: 0.6%● unchanged vs 12-2025lowest value 02-2026: 1.2%▲ +0.6 percentage points vs 01-2026 03-2026: 1.2%● unchanged vs 02-2026 04-2026: 1.2%● unchanged vs 03-2026 05-2026: 1.3%▲ +0.1 percentage points vs 04-2026 06-2026: 1.3%● unchanged vs 05-2026 07-2026: 1.4%▲ +0.1 percentage points vs 06-2026 08-2026: 1.6%▲ +0.2 percentage points vs 07-2026 09-2026: 1.9%▲ +0.3 percentage points vs 08-2026 10-2026: 2.4%▲ +0.5 percentage points vs 09-2026
No credit on open account
Liquidity insufficient (current ratio 0.22, compared with 0.1 in 2023, below 1; short-term debt: 32.6% and cash: 3.1% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro): better than 6% on solvency, 20% on liquidity, 27% on profitability and 72% on growth.

The bankruptcy probability was computed on 14-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
lowers riskraises riskneutral
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
raises risk · Negative equity -€415,917
NBB · annual accounts
raises risk · Figures for financial year 2024 (filed 05-06-2025)
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 8090 sector peers (2024).
NBB · sector comparison
Position among 8090 sector peers
Solvency
better than 5%
← weakest strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 76 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline15-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-06-2025, 56 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
56 days early
2023
85 days late
2022
14 days early
2021
30 days late
2020
73 days late
2019
109 days 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 38 days after the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Registered officeRegistered-office move
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. Resignations & appointments · RestructuringResignations: Martine Bruggeman (director) and…

Key points

  • Risk: Negative equityfinancial year 2024: debts exceed assets -€415,917 View
  • Caution: Among the weakest 5% on solvencysector median 53.7% · 8,090 companies -20.2% View
  • Positive: Back in profit in 2024after -€1.9m in 2023 €165,927 View
  • Caution: Accounts not fileddeadline was 31-07-2026 76 days late View

By topic

Financials

Financial year
2024
Total assets
€2.1m
Profit
€165,927
Solvency
-20.2%
Turnover▼ 5.9%
Net result
20182023
Go to Financials

Timeline

Events
41
Since
1992
  1. 31-12-2024Back to profit
  2. 24-10-2024Annual accounts filed
  3. 31-12-2023Weakest financial year
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Business and other management consultancyNACE 70200
Founded
11-04-1990
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
2
Purpose
“Het verlenen van diensten en adviezen: met betrekking tot de marketing, promotie…” (deed in Dutch)
Go to Articles of association

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