FOCUS RESEARCH
The computed 12-month bankruptcy probability of FOCUS RESEARCH is 0.4% (very low). The 2025 annual accounts show negative equity (€-65k) and a net result of €1k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 843 sector peers (fiscal year 2025). The company has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-65k |
| Net result | €1k |
| Better than sector | 5% |
| Active | 33 yrs |
Fragile profile, watch profitability in particular.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -17.8% | 56.5% | |
| Net result | €1k | €28k | |
| Equity | €-65k | €52k | |
| Gross operating margin | €33k | €50k | |
| Total assets | €364k | €121k |
| Fiscal year | 2025 |
|---|---|
| Revenue | - |
| EBITDA | €26k |
| Net profit | €1k |
| Cash flow | €24k |
| Staff costs | - |
| Income taxes | €553 |
| Dividends | - |
| Total assets | €364k |
| Equity | €-65k |
| Debt | €428k |
| of which ≤ 1y | €399k |
| of which > 1y | €30k |
| Working capital | €-385k |
| Employees (FTE) | - |
| 2025 | |
|---|---|
| Current ratio | 0.04 |
| Quick ratio | 0.04 |
| Working capital ratio | -105.8% |
| Solvency | -17.8% |
| Debt / equity | -6.61 |
| Long-term debt ratio | -0.46 |
| Interest coverage | 29.07 |
| Gross margin | - |
| Net margin | - |
| ROA | 0.3% |
| ROE | -1.7% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €364k |
| Fixed assets | 21/28 | €349k |
| Tangible fixed assets | 22/27 | €349k |
| Current assets | 29/58 | €14k |
| Amounts receivable within one year | 40/41 | €5k |
| Cash & bank | 54/58 | €8k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €364k |
| Equity | 10/15 | €-65k |
| Contributions / capital | 10/11 | €80k |
| Reserves | 13 | €3k |
| Accumulated profits (losses) | 14 | €-148k |
| Amounts payable | 17/49 | €428k |
| Amounts payable after one year | 17 | €30k |
| Amounts payable within one year | 42/48 | €399k |
| Trade debts payable within one year | 44 | €3k |
| Income statement | ||
| Gross operating margin | 9900 | €33k |
| Operating result | 9901 | €3k |
| Financial charges | 65 | €887 |
| Result before taxes | 9903 | €2k |
| Income taxes | 67/77 | €553 |
| Net result for the period | 9904 | €1k |
| Result to be appropriated | 9905 | €1k |
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Current14-07-2025 → present
-
Current15-05-2025 → present
-
Current03-11-2020 → present
2 events
- 14-07-2025 Mandate renewed· Director
- 03-11-2020 Appointed· Director
-
Current03-11-2014 → present
2 events
- 03-11-2020 Mandate renewed· Managing director
- 03-11-2014 Mandate renewed· Managing director
Former directors (2)
-
Former03-11-2014 → 14-07-2025
3 events
- 14-07-2025 Resigned· Director
- 03-11-2020 Mandate renewed· Director
- 03-11-2014 Mandate renewed· Director
-
Former03-11-2014 → 30-06-2021
2 events
- 30-06-2021 Resigned· Director
- 03-11-2014 Mandate renewed· Director
| NACE primary | Advertising & market research(73200) |
| Legal form | Public limited company(014) |
| Incorporation | 10-02-1993 |
| Status | Active |
| Postal code | 1301 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25006E0066/00T003 | Wallonia | 3,599 m² | 1 · 190 m² | 22.4 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
17-11-2025 Change in the board of directors
Technical details
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"subject_company": {
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}14-07-2025 1 director appointed, 1 resigning, 2 reappointed
- Alexandre PYCKE, Bestuurder
- Hélène Helbig de Balzac, Bestuurder
- Benoit SCHEVER, Bestuurder
- Dominique Trembloy, Bestuurder
Technical details
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"evidence_quote": "Est nomm\u00E9 comme nouvel administrateur: Monsieur Alexandre PYCKE, domicili\u00E9 Overijsesteenweg 89 \u00E0 3080 Duisburg, NN: 59.03.13-071.23"
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"evidence_quote": "Est reconduit comme administrateur : Benoit SCHEVER, domicili\u00E9 avenue des Arch\u00E8res 23 \u00E0 1180 Bruxelles"
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"evidence_quote": "Est reconduit comme administrateur : ... et Dominique Trembloy domicili\u00E9 rue Emile Wauters 116 \u00E0 1020 Bruxelles."
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}12-01-2023 1 director appointed, 1 resigning, 2 reappointed
- Trembloy Dominique, Bestuurder
- Helbig de Balzac Clément, Bestuurder
- Scheuer Benoit, Gedelegeerd bestuurder
- Helbig de Balzac Hélène, Bestuurder
Technical details
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"effective_date": "2020-11-03",
"evidence_quote": "Est reconduit administrateur d\u00E9l\u00E9gu\u00E9 : Monsieur Scheuer Benoit, domicili\u00E9 rue Corn\u00E9lis 14 \u00E0 1310 La Hulpe, administrateur d\u00E9l\u00E9gu\u00E9"
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"evidence_quote": "Est reconduit administrateur : Madame Helbig de Balzac H\u00E9l\u00E8ne, domicili\u00E9e Rue du Bourgmestre 44 \u00E0 1050 Bruxelles, administrateur."
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"effective_date": "2020-11-03",
"evidence_quote": "Est nomm\u00E9s comme nouvel administrateur: Monsieur Trembloy Dominique, domicili\u00E9 rue Emile Wauters 116 \u00E0 1020 Bruxelles, administrateur."
},
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"name": "Helbig de Balzac Cl\u00E9ment",
"address": null,
"birth_date": null
},
"effective_date": "2021-06-30",
"evidence_quote": "Est d\u00E9missionn\u00E9 comme administrateur en date du 30 juin 2021: Monsieur Helbig de Balzac Cl\u00E9ment, domicili\u00E9 rue Aviateur Thieffry 52 \u00E0 1040 Etterbeek, administrateur."
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}23-05-2017 3 reappointed
- Scheuer Benoit, Gedelegeerd bestuurder
- Helbig de Balzac Hélène, Bestuurder
- Helbig de Balzac Clément, Bestuurder
Technical details
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"effective_date": "2014-11-03",
"evidence_quote": "L\u0027assembl\u00E9e approuve \u00E0 l\u0027unanimit\u00E9 la reconduction des mandats des administrateurs et de l\u0027administrateur d\u00E9l\u00E9gu\u00E9 \u00E0 partir du 3 novembre 2014 pour une dur\u00E9e de 6 ans, expirant imm\u00E9diatement apr\u00E8s l\u0027assembl\u00E9e g\u00E9n\u00E9rale ordinaire de 2020."
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},
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}
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | FOCUS RESEARCH |