R & D PROJECTS
ActiveR & D PROJECTS has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €348k and a net result of €14k. Equity is growing by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 33% of 31510 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability20▲+17
Solvency44▲+2
Growth52=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity short (current ratio 0.07 against 0.04 in 2024), and 66% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
34%
Return on assets
1.4%
Age of the figures
11 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 01-04-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
35 d early
2023
on the day
2022
6 d early
2021
1 d early
2020
30 d early
2019
62 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€348k▲ 4.2%
2024 · €334k
2018: €256k
2019: €278k
2020: €283k
2021: €309k
2022: €325k
2023: €331k
2024: €334k
2018 → 2025
Total assets
€1.02M▼ 1.1%
2024 · €1.03M
2018: €927k
2019: €1.13M
2020: €1.13M
2021: €1.12M
2022: €1.08M
2023: €1.06M
2024: €1.03M
2018 → 2025
Net result
€14k▲ 510%
2024 · €2k
2018: €37k
2019: €22k
2020: €5k
2021: €26k
2022: €17k
2023: €6k
2024: €2k
2018 → 2025
Working capital
€-478k▲ 4.4%
2024 · €-500k
2018: €-329k
2019: €-587k
2020: €-512k
2021: €-495k
2022: €-488k
2023: €-495k
2024: €-500k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€309k-€325k▲ 5.4%€331k▲ 1.9%€334k▲ 0.7%€348k▲ 4.2%
Operating result€41k-€32k▼ 23.9%€20k▼ 37.6%€13k▼ 35.1%€23k▲ 82.1%
Net result€26k-€17k▼ 36.8%€6k▼ 62.9%€2k▼ 62.9%€14k▲ 510%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 82% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.02M
Fixed assets
€987k▼ 2.3%
Current assets
€34k▲ 55.2%
Equity and liabilities €1.02M
Equity
€348k▲ 4.2%
Provisions
€80k=
Debt
€594k▼ 4.1%
The debt ratio falls from 59.9% to 58.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€45k▲
2024 · €34k
Cash flow
€35k▲
2024 · €24k
Solvency
34.0%▲
2024 · 32.3%
Current ratio
0.07▲
2024 · 0.04
Quick ratio
0.07▲
2024 · 0.04
Debt / equity
1.71▼
2024 · 1.85
ROE
4.0%▲
2024 · 0.7%
ROA
1.4%▲
2024 · 0.2%
Interest coverage
7.07▲
2024 · 4.46
Debt
€594k▼
2024 · €619k
Debt ≤ 1 year
€512k▼
2024 · €522k
Debt > 1 year
€80k▼
2024 · €96k
Income taxes
€6k▲
2024 · €3k
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€1.03M€1.02M▼
Fixed assets21/28€1.01M€987k▼
Tangible fixed assets22/27€809k€787k▼
Land and buildings22€809k€787k▼
Financial fixed assets28€202k€200k▼
Current assets29/58€22k€34k▲
Amounts receivable within one year40/41€10k€29k▲
Trade receivables40€10k€28k▲
Other amounts receivable41€340€508▲
Cash at bank and in hand54/58€12k€6k▼
Equity and liabilities
Total equity and liabilities10/49€1.03M€1.02M▼
Equity10/15€334k€348k▲
Contributions10/11€73k€73k=
Revaluation surpluses12€158k€158k=
Reserves13€103k€116k▲
Distributable reserves133€103k€116k▲
Provisions and deferred taxes16€80k€80k=
Provisions for liabilities and charges160/5€80k€80k=
Pensions and similar obligations160€80k€80k=
Amounts payable17/49€619k€594k▼
Amounts payable after more than one year17€96k€80k▼
Financial debts170/4€61k€43k▼
Other amounts payable178/9€36k€36k▲
Amounts payable within one year42/48€522k€512k▼
Current portion of amounts payable after more than one year42€31k€19k▼
Financial debts43€49k€70k▲
Credit institutions430/8€49k€70k▲
Trade debts44€16k€5k▼
Suppliers440/4€16k€5k▼
Advances received on contracts in progress46€3k€0▼
Taxes, remuneration and social security45€11k€16k▲
Taxes450/3€11k€13k▲
Remuneration and social security454/9€0€3k▲
Other amounts payable47/48€411k€402k▼
Accrued charges and deferred income492/3€74€2k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€22k=
Other operating charges640/8€2k€1k▼
Gross operating margin9900€37k€46k▲
Operating profit (loss)9901€13k€23k▲
Financial income75/76B€0€3k▲
Recurring financial income75€0€3k▲
Financial charges65/66B€8k€6k▼
Recurring financial charges65€8k€6k▼
Profit (loss) for the period before taxes9903€5k€20k▲
Income taxes67/77€3k€6k▲
Profit (loss) for the period9904€2k€14k▲
Profit (loss) for the period to be appropriated9905€2k€14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€14k▲
Transfer to equity691/2€2k€14k▲
To other reserves6921€2k€14k▲
The notes to these accounts (12 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
01-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €2k ▼62.9%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
22-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
09-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Anzegem · 1 establishment unit since 2005
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.
Varentstraat 568572 AnzegemGround area
2,347 m²
Building footprint
139 m²
Parcel 34019B0133/00M000, Flanders. Linked by address, not a title deed.
1 establishment unit
R & D PROJECTS
since 20052.262.086.718
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34019B0133/00M000 | Flanders | 2,347 m² | 1 · 139 m² | 0.0 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,218 companies in sector 70200 we hold annual accounts for 52,395. 37,158 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-12-2005
Fiscal year end30-09
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.