RESEARCH
ActiveSummary
The annual accounts of RESEARCH for fiscal year 2024 show a net loss of 54% of the equity at the start of that year. The 2024 annual accounts show equity of €37,745 and a net result of -€45,017. Equity is shrinking by ~26.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 50% of 1856 sector peers (fiscal year 2024). The company has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (low).
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Signals
This company filed its last 6 accounts on average 7 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 1,219 companies that looked in July 2024 the way this one looks now, 3.5% went bankrupt within 24 months and 88% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,219 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €16,268 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,230 | €31,563 | €43,064 | €45,981 | €42,195 | ▼ 8.2% |
| Other operating charges640/8 | - | €7,059 | €3,520 | €16,278 | €14,291 | ▼ 12.2% |
| Gross operating margin9900 | -€27,259 | €15,457 | -€5,219 | -€21,315 | €12,256 | ▲ 158% |
| Operating profit (loss)9901 | -€51,016 | -€23,165 | -€51,803 | -€83,574 | -€44,229 | ▲ 47.1% |
| Financial income75/76B | - | €40,869 | €1,254 | €4,407 | €7 | ▼ 99.8% |
| Recurring financial income75 | €2,064 | €40,869 | €1,254 | €4,407 | €7 | ▼ 99.8% |
| Financial charges65/66B | - | €3,101 | €1,179 | €1,538 | €320 | ▼ 79.2% |
| Recurring financial charges65 | €231 | €3,101 | €1,179 | €1,538 | €320 | ▼ 79.2% |
| Profit (loss) for the period before taxes9903 | -€49,183 | €14,603 | -€51,729 | -€80,705 | -€44,543 | ▲ 44.8% |
| Income taxes67/77 | €813 | €655 | €1,699 | €379 | €474 | ▲ 25.2% |
| Profit (loss) for the period9904 | -€49,996 | €13,948 | -€53,428 | -€81,083 | -€45,017 | ▲ 44.5% |
| Profit (loss) for the period to be appropriated9905 | -€49,996 | €13,948 | -€53,428 | -€81,083 | -€45,017 | ▲ 44.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €965,281 | €1.1m | €971,939 | €389,981 | €185,773 | ▼ 52.4% |
| Fixed assets21/28 | €202,126 | €291,129 | €264,378 | €239,004 | €110,375 | ▼ 53.8% |
| Tangible fixed assets22/27 | €202,126 | €291,129 | €264,378 | €239,004 | €110,375 | ▼ 53.8% |
| Land and buildings22 | - | €103,650 | €103,650 | €103,650 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | €109,238 | €99,364 | €90,586 | €85,300 | ▼ 5.8% |
| Furniture and vehicles24 | - | €78,241 | €61,363 | €44,768 | €25,074 | ▼ 44.0% |
| Current assets29/58 | €763,156 | €766,327 | €707,562 | €150,977 | €75,399 | ▼ 50.1% |
| Amounts receivable after more than one year29 | - | €149,090 | €15,000 | €35,000 | €35,000 | = |
| Other amounts receivable291 | - | €149,090 | €15,000 | €35,000 | €35,000 | = |
| Amounts receivable within one year40/41 | €110,408 | €120,792 | €79,291 | €7,910 | €2,955 | ▼ 62.6% |
| Trade receivables40 | - | €5,801 | €3,924 | €4,389 | €2,299 | ▼ 47.6% |
| Other amounts receivable41 | - | €114,991 | €75,367 | €3,521 | €656 | ▼ 81.4% |
| Current investments50/53 | €491,462 | €462,760 | €462,760 | - | - | - |
| Cash at bank and in hand54/58 | €10,511 | €29,667 | €150,511 | €108,067 | €37,444 | ▼ 65.4% |
| Deferred charges and accrued income490/1 | - | €4,019 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €965,281 | €1.1m | €971,939 | €389,981 | €185,773 | ▼ 52.4% |
| Equity10/15 | €203,325 | €217,273 | €163,845 | €82,762 | €37,745 | ▼ 54.4% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €9,983 | €9,983 | €9,983 | €9,983 | €9,983 | = |
| Tax-exempt reserves132 | - | €683 | €683 | €683 | €683 | = |
| Distributable reserves133 | - | €9,300 | €9,300 | €9,300 | €9,300 | = |
| Profit (loss) carried forward14 | €174,742 | €188,691 | €135,263 | €54,179 | €9,162 | ▼ 83.1% |
| Amounts payable17/49 | €761,956 | €840,183 | €808,094 | €307,219 | €148,028 | ▼ 51.8% |
| Amounts payable within one year42/48 | €760,799 | €840,183 | €806,827 | €305,785 | €148,028 | ▼ 51.6% |
| Trade debts44 | €938 | €3,295 | €2,705 | €465 | €8,305 | ▲ 1,687% |
| Suppliers440/4 | - | €3,295 | €2,705 | €465 | €8,305 | ▲ 1,687% |
| Taxes, remuneration and social security45 | - | €3,563 | €880 | €1,153 | €1,631 | ▲ 41.5% |
| Taxes450/3 | - | €2,531 | €880 | €1,153 | €1,631 | ▲ 41.5% |
| Remuneration and social security454/9 | - | €1,032 | - | - | - | - |
| Other amounts payable47/48 | - | €833,324 | €803,243 | €304,168 | €138,093 | ▼ 54.6% |
| Accrued charges and deferred income492/3 | - | - | €1,267 | €1,435 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€49,996 | €13,948 | -€53,428 | -€81,083 | -€45,017 | ▲ 44.5% |
| + Depreciation and write-downs630 | €21,230 | €31,563 | €43,064 | €45,981 | €42,195 | ▼ 8.2% |
| Operating cash flow (approximation) | -€28,766 | €45,511 | -€10,364 | -€35,102 | -€2,822 | ▲ 92.0% |
| Investment in fixed assets (approximation) | - | -€120,566 | -€16,313 | -€20,607 | €86,434 | ▲ 519% |
| Change in cash | - | €19,155 | €120,844 | -€42,444 | -€70,624 | ▼ 66.4% |
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
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44005A0599/00M000 | Flanders | 2,383 m² | 1 · 555 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2021 list no shareholders, and no other source names one.
Holdings 2
-
100%
-
88%
According to the 2021 annual accounts of RESEARCH and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector, comparable size
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.