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RESEARCH MANAGEMENT SYSTEMS

Active
Private limited companyfounded 200026 yrs activeParvis de la Cantilène 2, 1348 Ottignies-Louvain-la-Neuve, BelgiumKBO/BCE: BE 0471.208.281
Summary

RESEARCH MANAGEMENT SYSTEMS has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €632,752 and a net result of -€14,933. Equity is growing by ~21.1% per year across the filed fiscal years. Its solvency ranks better than 57% of 11587 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
RESEARCH MANAGEMENT SYSTEMSActiveChecked score 90/100
Risk analysis ReportCompare

Overview

Activity
Activities of building architects
NACE 71111Photography, excluding press photography NACE 74201
1 site
Size
€1.0mtotal assets 2025
Equity
€632,752
Loss
-€14,933
Turnover not published (abridged schema)
Financial health
90 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Accounts 3 d early0 of 4 deeds read
Why 90- Liquidity: current ratio 0.20, cash €8,152, halved- Loss of €14,933 (FY 2025)+ Size: total assets €1.0m+ Founded in 2000Show the evidence

Checked score

Score 2025
90 / 100
Excellent
Probability in this band: under 0.55%
Better than 25% of its sector peers (NACE 71, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 87-13
equity 61.5% of total assets
Liquidity 33-30
short-term debt 38.4% · cash 0.8%
Profitability 37-36
return on assets -1.5%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (14,689 companies)
Last 24 months 11-2024: < 0.1%lowest value 12-2024: < 0.1%● 0.0% vs 11-2024lowest value 01-2025: < 0.1%▲ +5.9% vs 12-2024 02-2025: < 0.1%● 0.0% vs 01-2025 03-2025: < 0.1%● 0.0% vs 02-2025 04-2025: < 0.1%▲ +25.0% vs 03-2025 05-2025: 0.1%▲ +80.0% vs 04-2025 06-2025: < 0.1%▼ -54.3% vs 05-2025 07-2025: < 0.1%● 0.0% vs 06-2025 08-2025: < 0.1%● 0.0% vs 07-2025 09-2025: < 0.1%● 0.0% vs 08-2025 10-2025: < 0.1%● 0.0% vs 09-2025 11-2025: < 0.1%● 0.0% vs 10-2025 12-2025: < 0.1%▲ +2.7% vs 11-2025 01-2026: < 0.1%▲ +2.6% vs 12-2025 02-2026: < 0.1%● 0.0% vs 01-2026 03-2026: < 0.1%● 0.0% vs 02-2026 04-2026: < 0.1%▲ +28.2% vs 03-2026 05-2026: 0.1%▲ +116% vs 04-2026highest value 06-2026: 0.1%● 0.0% vs 05-2026highest value 07-2026: 0.1%● 0.0% vs 06-2026highest value 08-2026: 0.1%● 0.0% vs 07-2026highest value 09-2026: 0.1%● 0.0% vs 08-2026highest value 10-2026: 0.1%● 0.0% vs 09-2026highest value
  • Size: total assets €1.0m lowers the probability for this profile
  • Liquidity: current ratio 0.20, cash €8,152, halved raises the probability
  • Loss of €14,933 (FY 2025) raises the probability
  • Founded in 2000 lowers the probability for this profile
Credit up to €55,000 at 30 days acceptable
Liquidity short (current ratio 0.2 against 4.54 in 2024; short-term debt: 38.4% and cash: 0.8% of total assets), and 38.5% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 71, micro). Better than this share of them on solvency 59%, liquidity 15%, profitability 17%, growth against the median 11%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €1.0m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.20, cash €8,152, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Loss of €14,933 (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 2000
In the bankruptcy model this factor lowers the probability for this profile.
KBO
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 27-04-2026, 3 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
3 d early
2024
on the day
2023
7 d early
2022
32 d early
2021
5 d early
2020
66 d early
2019
31 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 21 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 34% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 25 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 close04-10-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Weakest financial yearnet -€14,933
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Caution: From profit to loss in 2025after €48,249 in 2024 -€14,933 View
  • Caution: Among the weakest 8% on net resultsector median €16,709 · 11,587 companies -€14,933 View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View

By topic

Financials

Fiscal year
2025
Total assets
€1.0m
Loss
-€14,933
Solvency
61.5%
Total assets▼ 23.9%
Net result
20192025
Go to Financials

Timeline

Events
16
Since
2017
Next accounts
by 30-04-2027
  1. 27-04-2026Annual accounts filed
  2. 30-09-2025Weakest financial year
  3. 30-04-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Activities of building architectsNACE 71111
Founded
24-02-2000
Year ends
30-09
Peppol
Reachable for e-invoices
Go to Company details

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