RESEARCH & GENERAL ENGINEERING
ActiveThe annual accounts of RESEARCH & GENERAL ENGINEERING for fiscal year 2025 show a net loss of 55% of the equity at the start of that year. The 2025 annual accounts show equity of €29k and a net result of €-35k. Equity is shrinking by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 16% of 9450 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
42
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability5▼-14
Solvency36▼-11
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.2 against 0.23 in 2024; short-term debt: 89% and cash: 18.1% of total assets), and 89.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
10.7%
Return on assets
-12.9%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-35k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 9450 sector peers (2025).
NBB · sector comparisonPosition among 9450 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-09-2026, 35 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
35 d late
2024
28 d late
2023
22 d late
2022
7 d early
2021
31 d late
2020
30 d late
2019
60 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€29k▼ 54.8%
2024 · €64k
2018: €88k
2019: €90k
2020: €88k
2021: €88k
2022: €84k
2023: €84k
2024: €64k
2018 → 2025
Total assets
€271k▼ 7.6%
2024 · €293k
2018: €90k
2019: €93k
2020: €139k
2021: €296k
2022: €287k
2023: €256k
2024: €293k
2018 → 2025
Net result
€-35k▼ 69.9%
2024 · €-21k
2018: €3k
2019: €2k
2020: €-2k
2021: €346
2022: €-4k
2023: €593
2024: €-21k
2018 → 2025
Working capital
€-192k▼ 9.7%
2024 · €-175k
2018: €84k
2019: €84k
2020: €81k
2021: €-57k
2022: €-75k
2023: €-159k
2024: €-175k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€88k-€84k▼ 4.7%€84k▲ 0.7%€64k▼ 24.4%€29k▼ 54.8%
Operating result€2k-€2k▲ 19.1%€14k▲ 465%€-3k€-19k▼ 489%
Net result€346-€-4k€593€-21k€-35k▼ 69.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €19k in 2025 against €3k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €271k
Fixed assets
€222k▼ 7.3%
Current assets
€49k▼ 8.7%
Equity and liabilities €271k
Equity
€29k▼ 54.8%
Debt
€242k▲ 5.6%
The debt ratio rises from 78.2% to 89.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€5k▼
2024 · €19k
Cash flow
€-12k▼
2024 · €1k
Solvency
10.7%▼
2024 · 21.8%
Current ratio
0.20▼
2024 · 0.23
Quick ratio
0.20▼
2024 · 0.23
Debt / equity
8.36▲
2024 · 3.58
ROE
-121.0%▼
2024 · -32.2%
ROA
-12.9%▼
2024 · -7.0%
Interest coverage
0.30▼
2024 · 1.12
Debt
€242k▲
2024 · €229k
Debt ≤ 1 year
€241k▲
2024 · €229k
Income taxes
€623▼
2024 · €636
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€293k€271k▼
Fixed assets21/28€239k€222k▼
Tangible fixed assets22/27€239k€222k▼
Land and buildings22€130k€125k▼
Plant, machinery and equipment23€109k€93k▼
Furniture and vehicles24-€3k
Current assets29/58€54k€49k▼
Cash at bank and in hand54/58€54k€49k▼
Equity and liabilities
Total equity and liabilities10/49€293k€271k▼
Equity10/15€64k€29k▼
Contributions10/11€21k€21k=
Profit (loss) carried forward14€43k€8k▼
Amounts payable17/49€229k€242k▲
Amounts payable within one year42/48€229k€241k▲
Trade debts44€993€3k▲
Suppliers440/4€993€3k▲
Taxes, remuneration and social security45€8k€9k▲
Taxes450/3€8k€9k▲
Other amounts payable47/48€220k€230k▲
Accrued charges and deferred income492/3€291€887▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€23k▲
Other operating charges640/8€788€3k▲
Gross operating margin9900€20k€8k▼
Operating profit (loss)9901€-3k€-19k▼
Financial charges65/66B€17k€16k▼
Recurring financial charges65€17k€16k▼
Profit (loss) for the period before taxes9903€-20k€-34k▼
Income taxes67/77€636€623▼
Profit (loss) for the period9904€-21k€-35k▼
Profit (loss) for the period to be appropriated9905€-21k€-35k▼
Appropriation of the result
Profit (loss) to be appropriated9906€43k€8k▼
Profit (loss) brought forward from the previous period14P€64k€43k▼
The notes to these accounts (7 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
04-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 35 days late
2025
31-12
Financial
Weakest financial yearnet €-35k
Net result drops to €-35k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
31-12
Financial
Back to profitnet €593
Net result €593 after one loss-making year.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €346
Net result €346 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Koekelare · 1 establishment unit since 2012
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.
Vlaanderenstraat 168680 KoekelareGround area
607 m²
Building footprint
204 m²
Volume, LiDAR
897 m³
Parcel 32010D0157/00D000, Flanders · tallest building 6.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Vlaanderenstraat 16, 8680 Koekelare
since 20122.205.306.975
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32010D0157/00D000 | Flanders | 607 m² | 1 · 204 m² | 6.1 m · 1 fl. |
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.
Similar companies · same sector, comparable size
BVM Technics
BE 0631.734.670
Sint-Niklaas · Eq €29k
TECHNICAL CENTER AUTOMOTIVE
BE 0733.854.290
Fleurus · Eq €29k
Stabilar
BE 0802.349.851
Gent · Eq €29k
Abcon
BE 0781.587.891
Genk · Eq €29k
STUDEX
BE 0461.311.412
Halle · Eq €29k
Of 11,554 companies in sector 71121 we hold annual accounts for 6,562. 4,445 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-12-2011
Fiscal year end31-12
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.