RESEARCH SOLUTION
InactiveOverview
Overview
Official details
Source: KBO- Status
- Inactive deed of incorporation of 14-07-1993 · last publication under the heading End on 21-12-2018
- Activity
- No activity registered in the KBO
- Financial year end
- 30 September
- Peppol
- Not found in the Peppol Directory
Board and ownership
Shareholders
- AQ Rate100%· score 5631-03-2025 annual accounts of AQ Rate
Financial position
No score
Annual accounts to 30-09-2018
- Loss
- €9,444
- Equity
- €29,391
- ▼ 24.3%
- Total assets
- €190,049
- ▼ 12.9%
Financials
Financials · financial year 2018, micro format
Annual accounts 2018 filed on 25-04-2019 PDF all 24 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€9,444
2017 · €7,132
Working capital
€29,391▼ 24.3%
2017 · €38,834
Multi-year overview
2014 to 2018, 5 financial yearsOperating result
-€9,404
2018
20142018
Net result
-€9,444
2018
20142018
Equity
€29,391
▼ 24.3%
2018
20142018
Total assets
€190,049
▼ 12.9%
2018
20142018
Debt
€160,658
▼ 10.4%
2018
20142018
Working capital
€29,391
▼ 24.3%
2018
20142018
Staff (FTE)
no figure
2018
20142018
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20142015201620172018
Operating result€5,769-€18,841▲ 227%€1,466▼ 92.2%€10,635▲ 625%-€9,404
Net result€1,395-€9,733▲ 598%€614▼ 93.7%€7,132▲ 12×-€9,444
Equity€21,355-€31,088▲ 45.6%€31,702▲ 2.0%€38,834▲ 22.5%€29,391▼ 24.3%
Total assets€226,243-€211,935▼ 6.3%€173,290▼ 18.2%€218,162▲ 25.9%€190,049▼ 12.9%
Debt€204,888-€180,847▼ 11.7%€141,588▼ 21.7%€179,328▲ 26.7%€160,658▼ 10.4%
Working capital€6,842-€27,257▲ 298%€31,213▲ 14.5%€38,834▲ 24.4%€29,391▼ 24.3%
Staff (FTE)1.7-1.3▼ 23.5%
The operating result for 2018 is a loss of €9,404, after a profit of €10,635 in 2017. It is the lowest result since 2014.
Balance-sheet composition
2018 in colour, 2017 as the grey bar beneath
Equity and liabilities €190,049
Equity
€29,391 ▼ 24.3%
Debt
€160,658 ▼ 10.4%
Debt's share of the balance-sheet total rises from 82.2% to 84.5%. Equity and debt are lower.
Key figures and ratios
Current ratio
1.18▼
2017 · 1.22
ROE
-32.1%▼
2017 · 18.4%
ROA
-5.0%▼
2017 · 3.3%
Debt ≤ 1 year
€160,658▼
2017 · €179,328
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2014 | 2015 | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,797 | €8,608 | €3,342 | €202 | - | - |
| Gross operating margin9900 | €100,739 | €122,978 | €7,028 | €11,254 | - | - |
| Operating profit (loss)9901 | €5,769 | €18,841 | €1,466 | €10,635 | -€9,404 | - |
| Recurring financial income75 | €261 | - | - | - | - | - |
| Recurring financial charges65 | €2,649 | €2,006 | €523 | €61 | €40 | ▼ 34.4% |
| Profit (loss) for the period before taxes9903 | €3,381 | €15,166 | €943 | €10,574 | -€9,444 | - |
| Income taxes67/77 | €1,986 | €5,432 | €329 | €3,442 | - | - |
| Profit (loss) for the period9904 | €1,395 | €9,733 | €614 | €7,132 | -€9,444 | - |
| Profit (loss) for the period to be appropriated9905 | €1,395 | €9,733 | €614 | €7,132 | -€9,444 | - |
| Line | 2014 | 2015 | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €226,243 | €211,935 | €173,290 | €218,162 | €190,049 | ▼ 12.9% |
| Fixed assets21/28 | €17,275 | €3,831 | €489 | - | - | - |
| Intangible fixed assets21 | €8,628 | €2,640 | - | - | - | - |
| Tangible fixed assets22/27 | €8,362 | €904 | €202 | - | - | - |
| Financial fixed assets28 | €286 | €286 | €286 | - | - | - |
| Current assets29/58 | €208,967 | €208,104 | €172,801 | €218,162 | €190,049 | ▼ 12.9% |
| Amounts receivable within one year40/41 | €196,034 | €187,997 | €166,371 | €217,667 | €180,027 | ▼ 17.3% |
| Cash at bank and in hand54/58 | €12,770 | €20,108 | €6,331 | €496 | €10,022 | ▲ 20× |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €226,243 | €211,935 | €173,290 | €218,162 | €190,049 | ▼ 12.9% |
| Equity10/15 | €21,355 | €31,088 | €31,702 | €38,834 | €29,391 | ▼ 24.3% |
| Contributions10/11 | €6,205 | €6,205 | €6,205 | €6,205 | €6,205 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €13,289 | €23,023 | €23,637 | €30,769 | €21,325 | ▼ 30.7% |
| Amounts payable17/49 | €204,888 | €180,847 | €141,588 | €179,328 | €160,658 | ▼ 10.4% |
| Amounts payable after more than one year17 | €733 | - | - | - | - | - |
| Amounts payable within one year42/48 | €202,125 | €180,847 | €141,588 | €179,328 | €160,658 | ▼ 10.4% |
| Trade debts44 | €146,878 | €166,721 | €136,434 | €171,097 | €152,795 | ▼ 10.7% |
| Line | 2014 | 2015 | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,395 | €9,733 | €614 | €7,132 | -€9,444 | - |
| + Depreciation and write-downs630 | €11,797 | €8,608 | €3,342 | €202 | - | - |
| Operating cash flow (approximation) | €13,192 | €18,341 | €3,956 | €7,334 | -€9,444 | - |
| Investment in fixed assets (approximation) | - | €4,837 | €0 | - | - | - |
| Change in cash | - | €7,338 | -€13,776 | -€5,836 | €9,526 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2018 | micro format | 25-04-2019 | 2019-10500044 | |
| 30-09-2017 | micro format | 27-04-2018 | 2018-10800490 | |
| 30-09-2016 | full format | 27-04-2017 | 2017-10000288 | |
| 30-09-2015 | full format | 24-02-2016 | 2016-04900038 | |
| 30-09-2014 | full format | 22-04-2015 | 2015-10000309 | |
| 30-09-2013 | full format | 31-03-2014 | 2014-07700239 | |
| 30-09-2012 | full format | 29-03-2013 | 2013-07500013 | |
| 30-09-2011 | full format | 17-03-2012 | 2012-06300035 | |
| 30-09-2010 | full format | 03-03-2011 | 2011-04900508 | |
| 30-09-2009 | full format | 18-02-2010 | 2010-04700119 |
Board & ownership
Directors
Directors
Owners and capital
Shareholders
1 ownerChain of control
- DIRO INVEST
- AQ Rate
- RESEARCH SOLUTION
Owners 1
- AQ RateparentEquity €252,565 Loss of €226,048 in 2026 (profit of €71 in 2025) Checked score 56100%
Network & group
Connections & network
The network starts from the shareholders of RESEARCH SOLUTION. Every company they also own or run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Deeds, filings and financial milestones
2019
25-04
micro format · 5 days before the deadline
2018
2017
27-04
full format · 3 days before the deadline
2016
24-02
full format · 66 days before the deadline
2015
30-09
Financial
Highest result from 2014 to 2018net €9,733 ▲598%
The operating result of €18,841 and the net result of €9,733 are both a record.
22-04
full format · 8 days before the deadline
2014
31-03
full format · 30 days before the deadline
2013
29-03
full format · 32 days before the deadline
2012
17-03
full format · 44 days before the deadline
2011
03-03
full format · 58 days before the deadline
2010
18-02
full format · 71 days before the deadline
1993
14-07
Gazette deed
Incorporation
22 publications in the Belgian Official Gazette, the last on 21-12-2018
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Inactive
Inactive
RESEARCH SOLUTION is no longer in the KBO register.
- Status
- Inactive
- Last annual accounts
- financial year to 30 September 2018
- Last registered office
- Chaussee De Waterloo 255, 1060 Saint-Gillesas published on 21 December 2018
- Legal form
- Private limited company (pre-2019)
- First annual accounts
- financial year 1993