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Generated 06-08-2026
Active BE 0769.601.265Private foundation

OWS Research Foundation

Eikeldreef 29 ·9830 Sint-Martens-Latem, Belgium· 5 yrs active
Conclusion Checked

The computed 12-month bankruptcy probability of OWS Research Foundation is 0.2% (very low). The 2024 annual accounts show equity of €40k and a net result of €111k. Equity is shrinking by ~237.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €40k
Net result €111k
Active 5 yrs
Board 1
Snowflake analysis 5 axes · computed by Checked
Health93Profitability100Solvency100Growth32Stability94
84 / 100

Exceptional profile, strong across almost every axis.

Health 93
Profitability 100
Solvency 100
Growth 32
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
0.2% Very low
0%0,5%1,5%4%10%≥25%
Lower-risk legal form −Young company +No NACE activity registered +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
93 / 100 Excellent
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview3 NBB filings
Annual accounts filed on 03-09-2025 with the NBB · fiscal year 2024 · verkort
€-500k€-250k€0€250k€500kOperating result 2022: €378k€378kNet result 2022: €378k€378kOperating result 2023: €-450k€-450kNet result 2023: €-450k€-450kOperating result 2024: €112k€112kNet result 2024: €111k€111k202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining At this pace, equity would indicatively turn negative around fiscal year 2025, assuming unchanged policy.
€-500k€-250k€0€250k€500k2025: €-129k (€-133k - €-126k)2026: €-299k (€-302k - €-296k)2027: €-468k (€-472k - €-465k)2022: €379k2023: €-71k2024: €40k202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

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).

Net profit
€111k
- 22-24
Total assets
€51k
-87.6% 22-24
Equity
€40k
- 22-24
Working capital
€40k
- 22-24
Debt
€11k
-97.7% 22-24
Debt ≤ 1y
€11k
-97.7% 22-24
Current ratio
4.53
+432.1% 22-24
Quick ratio
4.53
+432.1% 22-24
Solvency
77.9%
- 22-24
Debt / equity
0.28
- 22-24
ROE
278.6%
-55.8% 22-24
ROA
217.2%
- 22-24
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA-
Net profit€111k
Cash flow-
Staff costs-
Income taxes-
Dividends-
Total assets€51k
Equity€40k
Debt€11k
of which ≤ 1y€11k
of which > 1y-
Working capital€40k
Employees (FTE)-
Ratios (computed)
2024
Current ratio4.53
Quick ratio4.53
Working capital ratio77.9%
Solvency77.9%
Debt / equity0.28
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA217.2%
ROE278.6%
EBITDA margin-
Days sales outstanding-
Days payable outstanding141d
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€51k
Current assets 29/58€51k
Cash & bank 54/58€51k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€51k
Equity 10/15€40k
Contributions / capital 10/11€1k
Accumulated profits (losses) 14€39k
Amounts payable 17/49€11k
Amounts payable within one year 42/48€11k
Trade debts payable within one year 44€11k
Income statement
Gross operating margin 9900€112k
Operating result 9901€112k
Financial charges 65€116
Result before taxes 9903€111k
Net result for the period 9904€111k
Result to be appropriated 9905€111k
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Ratios computed by Checked.
Directors & mandates 2 directors
Current directors & mandates
  • Bernard Moerman
    Director
    State Gazette act 25111737 (03-09-2025)
    Current
    12-05-2025 → present
Former directors (1)
  • Euander BVLegal entity
    Director· perm. rep.: Bernard Moerman
    State Gazette act 25111737 (03-09-2025)
    Former
    - → 12-05-2025
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Legal Structure
NACE primary -
Legal form Private foundation(026)
Incorporation11-06-2021
StatusActive
Postal code9830
Real-estate footprint Source: CBE × cadastre

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.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44064A0279/00R000 Flanders 4,949 m² 1 · 272 m² 10.4 m · 2 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 8 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
30-12-2025
State Gazette act Statutes amendment
v3.2
03-09-2025
NBB filing Annual accounts filed
fiscal year 2024 · verkort
03-09-2025
State Gazette act Director changes
v3.2
31-01-2025
State Gazette act Statutes amendment
v3.2
2024
30-07-2024
NBB filing Annual accounts filed
fiscal year 2023 · verkort
21-06-2024
State Gazette act Statutes amendment
v3.2
2023
30-08-2023
NBB filing Annual accounts filed
fiscal year 2022 · verkort
2021
15-06-2021
State Gazette act Incorporation
oprichting
Belgisch Staatsblad, acts 5 acts
All acts · 5 updated 7 months ago
2025
30-12-2025 Articles of association amended Statutes amendment
Summary: v3.2
Technical details 
{
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "statute_change": {
    "name_change": false,
    "seat_change": false,
    "object_change": false,
    "effective_date": "2025-12-15",
    "legal_form_change": false
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0769.601.265",
    "name_full": "OWS RESEARCH FOUNDATION",
    "legal_form": "PRIVATE"
  },
  "signature_regime": null,
  "special_mandates": [],
  "governance_change": {
    "admin_delegated_added": []
  }
}
03-09-2025 1 director appointed, 1 resigning Director changes
  • Bernard Moerman, Bestuurder
  • Bernard Moerman, Bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Bernard Moerman",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2025-05-12",
      "evidence_quote": "De Bestuurder besluit om te benoemen tot bestuurder van de Private Stichting, met ingang op 12 mei 2025, Bernard Moerman, met adres te Eikeldreef 29, 9830 Sint-Martens-Latem.",
      "discharge_granted": false
    },
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Bernard Moerman",
        "address": null,
        "birth_date": null
      },
      "via_org": {
        "kbo": null,
        "name": "Euander BV",
        "address": null,
        "country": null,
        "legal_form": null
      },
      "effective_date": "2025-05-12",
      "evidence_quote": "De volgende persoon geeft ontslag als bestuurder van de Private Stichting, met ingang op 12 mei 2025, Euander BV, vast vertegenwoordigd door Dhr. Bernard Moerman. Van dit ontslag wordt akte genomen en kwijting wordt gegeven voor het mandaat.",
      "discharge_granted": true
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0769.601.265",
    "name_full": "OWS RESEARCH FOUNDATION",
    "legal_form": "PRIVATE"
  }
}
31-01-2025 Articles of association amended Statutes amendment
Summary: v3.2
Technical details 
{
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "statute_change": {
    "name_change": false,
    "seat_change": false,
    "object_change": false,
    "effective_date": "2025-01-16",
    "legal_form_change": false
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0769.601.265",
    "name_full": "OWS RESEARCH FOUNDATION",
    "legal_form": "PRIVATE"
  },
  "signature_regime": null,
  "special_mandates": [],
  "governance_change": {
    "admin_delegated_added": []
  }
}
2024
21-06-2024 Articles of association amended Statutes amendment
Summary: v3.2
Technical details 
{
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "statute_change": {
    "name_change": false,
    "seat_change": false,
    "object_change": false,
    "effective_date": "2024-06-06",
    "legal_form_change": false
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0769.601.265",
    "name_full": "OWS RESEARCH FOUNDATION",
    "legal_form": "PRIVATE"
  },
  "signature_regime": null,
  "special_mandates": [],
  "governance_change": {
    "admin_delegated_added": []
  }
}
2021
15-06-2021 Incorporation of a new Private stichting Incorporation
Summary: oprichting
Technical details 
{
  "kind": "oprichting",
  "seat": "Eikeldreef 29, 9830 Sint-Martens-Latem",
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "founders": [
    {
      "org": {
        "kbo": "0568.667.943",
        "name": "Euander"
      },
      "kind": "rechtspersoon",
      "person": null,
      "share_class": null,
      "partner_role": null,
      "holder_org_kbo": "0568.667.943",
      "holder_org_name": "Euander",
      "contribution_type": "cash",
      "amount_paid_in_eur": 0,
      "holder_person_name": null,
      "is_subscriber_only": true,
      "n_shares_subscribed": 0,
      "amount_subscribed_eur": 0,
      "is_anonymous_silent_partner": false
    }
  ],
  "capital_eur": 0,
  "subject_company": {
    "kbo": "0769.601.265",
    "name_full": "OWS Research Foundation",
    "legal_form": "Private stichting"
  },
  "initial_directors": [],
  "incorporation_date": "2021-06-07",
  "post_incorporation_mandates": []
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameNL OWS Research Foundation
Registered office
Eikeldreef 29
9830 Sint-Martens-Latem, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative