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ResourceFull

Active
Private limited company (pre-2019)founded 2015active for 11 yearsNaamsevest 18, 3000 Leuven, BelgiumKBO/BCE: BE 0578.983.397

Financials · financial year 2025, abbreviated format

Annual accounts 2025 filed on 30-01-2026 PDF all 10 filings

Turnover
≈ €2.9m
Estimated: probably between €2.1m and €4.2m
Total assets
€4.6m▲ 5.3%
2024 · €4.3m
Net result
€374,472▲ 59.4%
2024 · €234,943
Working capital
€2.0m▼ 6.9%
2024 · €2.1m
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result for 2025 is 73% higher than in 2024. It is a recovery after the fall in 2024.

Operating result€0.4m 2025 Net result€0.4m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Office administrative, office support and other business support activities (NACE 82). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€0.01m-€0.01m▼ 7.1%€0.02m▲ 86.7%€0.2m▲ 926%€0.5m▲ 157%€0.2m▼ 53.9%€0.4m▲ 73.4%
Net result€0.01m-€0.008mwithin the sector's middle half▼ 13.4%€0.03mwithin the sector's middle half▲ 213%€0.2mabove the sector's middle half▲ 630%€0.4mabove the sector's middle half▲ 124%€0.2mabove the sector's middle half▼ 45.8%€0.4mabove the sector's middle half▲ 59.4%
Equity€0.03m-€0.04mwithin the sector's middle half▲ 26.8%€0.07mwithin the sector's middle half▲ 66.0%€0.3mabove the sector's middle half▲ 290%€0.7mabove the sector's middle half▲ 165%€0.9mwithin the sector's middle half▲ 34.0%€1.3mabove the sector's middle half▲ 37.6%
Total assets€0.2m-€0.3mwithin the sector's middle half▲ 58.8%€1.7mabove the sector's middle half▲ 427%€2.2mabove the sector's middle half▲ 26.7%€2.4mabove the sector's middle half▲ 11.0%€4.3mabove the sector's middle half▲ 80.0%€4.6mabove the sector's middle half▲ 5.3%
Debt€0.2m-€0.3m▲ 64.6%€1.6m▲ 478%€1.9m▲ 16.1%€1.7m▼ 10.1%€3.4m▲ 98.5%€3.3m▼ 3.4%
Working capital€0.2m-€0.2mabove the sector's middle half▲ 31.6%€1.1mabove the sector's middle half▲ 388%€1.2mabove the sector's middle half▲ 3.5%€1.0mabove the sector's middle half▼ 18.1%€2.1mabove the sector's middle half▲ 119%€2.0mabove the sector's middle half▼ 6.9%
Solvency15.5%-12.4%below the sector's middle half▼ 3.1pp3.9%below the sector's middle half▼ 8.5pp12.0%below the sector's middle half▲ 8.1pp28.7%within the sector's middle half▲ 16.7pp21.3%within the sector's middle half▼ 7.3pp27.9%within the sector's middle half▲ 6.5pp
Current ratio9.41-4.63above the sector's middle half▼ 4.787.67above the sector's middle half▲ 3.047.47above the sector's middle half▼ 0.194.53above the sector's middle half▼ 2.946.34above the sector's middle half▲ 1.814.59above the sector's middle half▼ 1.75
Return on assets (ROA)4.8%-2.6%within the sector's middle half▼ 2.2pp1.5%within the sector's middle half▼ 1.1pp8.9%within the sector's middle half▲ 7.4pp18.0%within the sector's middle half▲ 9.1pp5.4%within the sector's middle half▼ 12.6pp8.2%within the sector's middle half▲ 2.8pp
Staff (FTE)1-1.8within the sector's middle half▲ 80.0%6.1▲ 239%8▲ 31.1%9.7▲ 21.3%11.9above the sector's middle half▲ 22.7%13.3above the sector's middle half▲ 11.8%
above within below The sector band is the middle half of the companies in Office administrative, office support and other business support activities (NACE 82). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.6m
Fixed assets €2.0m ▲ 12.4%
Current assets €2.5m ▲ 0.2%
Equity and liabilities €4.6m
Equity €1.3m ▲ 37.6%
Debt €3.3m ▼ 3.4%
Debt's share of the balance-sheet total falls from 78.7% to 72.1%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€1.1m▲
2024 · €713,454
Cash flow
€1.0m▲
2024 · €706,579
Quick ratio
4.51▼
2024 · 6.26
Debt to equity
2.59▼
2024 · 3.68
ROE
29.4%▲
2024 · 25.4%
Interest coverage
38.78▼
2024 · 42.34
Debt ≤ 1 year
€551,681▲
2024 · €398,320
Debt > 1 year
€307,860▼
2024 · €397,744
Income taxes
€16,928▲
2024 · -€9,693
Staff costs
€765,655▲
2024 · €695,009
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item30-06-202230-06-202330-06-2024
Employees at the balance-sheet date91013
full-time91011
part-time002
in full-time equivalents91012.6
Average over the year, in full-time equivalents89.711.9
On a permanent contract8913
Joined536259
Left536156

Source: social balance sheet in the 2022 to 2024 annual accounts

Securities and guarantees

on own assets and for others
Item30-06-202230-06-202330-06-202430-06-2025
Debts secured on the company's own assets--€468,377-
Pledge on the business--€534,600€534,600

Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item30-06-202230-06-202330-06-202430-06-2025
Tangible fixed assets€105,629€140,144€484,767€173,523
Intangible fixed assets€557,426€546,792€639,713€716,032
Depreciation and write-downs of the year€203,933€324,409€471,636€664,076

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Subsidies and aid

Flemish government

2022 to 2025 · 13 entries · €2.1m awarded · €839,538 paid
Year Entries AwardedPaid
2025 6 €0.02m€0.4m
2024 4 €1.4m€0.5m
2023 2 €0.7m€239
2022 1 €0.006m€0.006m
Schemes
4 entries · €1.6m · €507,000 paid · Fonds voor Innoveren en Ondernemen
3 entries · €479,299 · €304,000 paid · Fonds voor Innoveren en Ondernemen
1 entry · €15,538 · €15,538 paid · Fonds voor Innoveren en Ondernemen
4 entries · €10,444 · €10,444 paid · Fonds voor Innoveren en Ondernemen
1 entry · €2,556 · €2,556 paid · Departement Werk en Sociale Economie

European Union, budget

2021 to 2022 · 7 entries · €555,182 in total
Year Entries Awarded
2022 4 €355,750
2021 3 €199,431
Projects
ASHCYCLE - INTEGRATION OF UNDERUTILIZED ASHES INTO MATERIAL CYCLES BY INDUSTRY-URBAN SYMBIOSIS
Horizon Europe · 01-06-2022 to 31-05-2026 · €355,750
FLASHPHOS - THE COMPLETE THERMOCHEMICAL RECYCLING OF SEWAGE SLUDGE
Horizon Europe · 01-05-2021 to 30-04-2025 · €199,431

European research

5 projects · €941,737 EU contribution
Programmes
4 entries · €585,987
1 entry · €355,750
Projects
Integration of Underutilized Ashes into Material Cycles by Industry-Urban Symbiosis
Horizon Europe · participant · 01-06-2022 to 31-05-2026 · €355,750 · AshCycle
Removing the waste streams from the primary Aluminium production and other metal sectors in Europe
Horizon 2020 · participant · 01-05-2018 to 30-04-2023 · €226,100 · RemovAL
The complete thermochemical recycling of sewage sludge
Horizon 2020 · participant · 01-05-2021 to 30-04-2026 · €199,434 · FlashPhos
Near-zero-waste recycling of low-grade sulphidic mining waste for critical-metal, mineral and construction raw-material production in a circular economy
Horizon 2020 · participant · 01-05-2018 to 30-11-2022 · €160,453 · NEMO
PhD Training Network on Durable, Reliable and Sustainable Structures with Alkali-Activated Materials
Horizon 2020 · partner · 01-11-2018 to 28-02-2023 · DuRSAAM

Comparable companies

These companies have the same main activity as ResourceFull: other business support services (NACE 82990). They are comparable in size and age: total assets between €2.6m and €6.1m, founded between 2009 and 2014.

CompanyFoundedTotal assetsEquityGross marginNet resultFTEFinancial year
ResourceFull Leuven2015€4.6m€1.3m€1.9m€0.4m13.32025
FORAX Zaventem2010€6.1m€1.1m€2.1m€0.5m172025
WHITE RESEARCH Sint-Gillis (bij-Brussel)2012€4.9m€0.5m€1.7m€0.5m12.52025
IPSILON Belgium Gent2009€4.2m€1.8m€1.6m€0.2m12.32025
PowerPulse Mechelen2014€2.6m€0.8m€1.6m€0.2m14.32025
WOEMA Nazareth-De Pinte2013€2.8m€0.9m€1.6m€0.06m17.62025
BREBO Sint-Pieters-Leeuw2013€2.6m€0.7m€1.8m€0.07m19.72025

They were chosen from the 9,746 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 2,609 companies had the same profile as ResourceFull has now. Two years later, 1.0% had gone bankrupt and 96.8% were still going.

  • Small
  • 10 to 20 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.0% went bankrupt
2.1% stopped otherwise
96.8% was still going

That fits the bankruptcy probability of ResourceFull itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 2,609 companies, not a prediction for ResourceFull. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 63 lines

Source: Annual accounts 2025 (PDF), filed on 30-01-2026.

Balance sheet Code20242025
Assets
Total assets20/58€4.3m€4.6m▲
Fixed assets21/28€1.8m€2.0m▲
Intangible fixed assets21€1.1m€1.3m▲
Tangible fixed assets22/27€0.7m€0.7m▲
Plant, machinery and equipment23€0.2m€0.3m▲
Furniture and vehicles24€0.03m€0.04m▲
Other tangible fixed assets26€0.4m€0.4m▼
Current assets29/58€2.5m€2.5m▲
Stocks and contracts in progress3€0.03m€0.04m▲
Stocks30/36€0.03m€0.04m▲
Amounts receivable within one year40/41€2.1m€1.8m▼
Trade receivables40€0.3m€0.4m▲
Other amounts receivable41€1.8m€1.4m▼
Cash at bank and in hand54/58€0.3m€0.6m▲
Deferred charges and accrued income490/1€0.04m€0.06m▲
Equity and liabilities
Total equity and liabilities10/49€4.3m€4.6m▲
Equity10/15€0.9m€1.3m▲
Contributions10/11€0.006m€0.006m=
Reserves13€0.9m€1.3m▲
Non-distributable reserves130/1€0.002m€0.002m=
Reserves not available under the articles1311€0.002m€0.002m=
Tax-exempt reserves132€0.05m€0.09m▲
Distributable reserves133€0.9m€1.2m▲
Profit (loss) carried forward14€0.006m€0.006m=
Amounts payable17/49€3.4m€3.3m▼
Amounts payable after more than one year17€0.4m€0.3m▼
Financial debts170/4€0.4m€0.3m▼
Amounts payable within one year42/48€0.4m€0.6m▲
Current portion of amounts payable after more than one year42€0.1m€0.09m▼
Financial debts43-€0.007m
Credit institutions430/8-€0.007m
Trade debts44€0.1m€0.2m▲
Suppliers440/4€0.1m€0.2m▲
Taxes, remuneration and social security45€0.2m€0.2m▲
Taxes450/3€0.03m€0.05m▲
Remuneration and social security454/9€0.1m€0.2m▲
Other amounts payable47/48€0.003m€0.03m▲
Accrued charges and deferred income492/3€2.6m€2.4m▼
Income statement Code20242025
Non-recurring operating income76A€0.001m€0▼
Remuneration, social security and pensions62€0.7m€0.8m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.5m€0.7m▲
Other operating charges640/8€0.004m€0.002m▼
Non-recurring operating charges66A€0.006m€41▼
Gross operating margin9900€1.4m€1.9m▲
Operating profit (loss)9901€0.2m€0.4m▲
Financial income75/76B€282€96▼
Recurring financial income75€282€96▼
Financial charges65/66B€0.02m€0.03m▲
Recurring financial charges65€0.02m€0.03m▲
Profit (loss) for the period before taxes9903€0.2m€0.4m▲
Income taxes67/77-€0.01m€0.02m▲
Profit (loss) for the period9904€0.2m€0.4m▲
Transfer to tax-exempt reserves689€0.03m€0.04m▲
Profit (loss) for the period to be appropriated9905€0.2m€0.3m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.2m€0.3m▲
Profit (loss) brought forward from the previous period14P€0.006m€0.006m=
Transfer from equity791/2-€0.03m
Transfer to equity691/2€0.2m€0.3m▲
To other reserves6921€0.2m€0.3m▲
Profit to be distributed694/7€0€0.03m▲
Return on contributions (dividend)694-€0.03m
Other beneficiaries697€0-
Social balance sheet
Average headcount (FTE)908711.913.3▲

The notes to these accounts have 20 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line2019202020212022202320242025Change
Non-recurring operating income76A---€0.01m€0€0.001m€0▼ 100%
Remuneration, social security and pensions62---€0.4m€0.5m€0.7m€0.8m▲ 10.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.002m€0.006m€0.08m€0.2m€0.3m€0.5m€0.7m▲ 40.8%
Other operating charges640/8---€0.007m€0.003m€0.004m€0.002m▼ 45.2%
Non-recurring operating charges66A-----€0.006m€41▼ 99.3%
Gross operating margin9900€0.05m€0.1m€0.4m€0.8m€1.3m€1.4m€1.9m▲ 30.5%
Operating profit (loss)9901€0.01m€0.01m€0.02m€0.2m€0.5m€0.2m€0.4m▲ 73.4%
Financial income75/76B---€3€0.001m€282€96▼ 66.0%
Recurring financial income75€2€59€57€3€0.001m€282€96▼ 66.0%
Financial charges65/66B---€0.003m€0.006m€0.02m€0.03m▲ 65.8%
Recurring financial charges65€0.001m€0.001m€0.001m€0.003m€0.006m€0.02m€0.03m▲ 65.8%
Profit (loss) for the period before taxes9903€0.01m€0.01m€0.02m€0.2m€0.5m€0.2m€0.4m▲ 73.8%
Income taxes67/77€0.001m€0.001m-€0.008m€0.007m€0.09m-€0.01m€0.02m-
Profit (loss) for the period9904€0.01m€0.008m€0.03m€0.2m€0.4m€0.2m€0.4m▲ 59.4%
Transfer to tax-exempt reserves689----€0.02m€0.03m€0.04m▲ 9.6%
Profit (loss) for the period to be appropriated9905€0.01m€0.008m€0.03m€0.2m€0.4m€0.2m€0.3m▲ 67.3%
Line2019202020212022202320242025Change
Assets
Total assets20/58€0.2m€0.3m€1.7m€2.2m€2.4m€4.3m€4.6m▲ 5.3%
Fixed assets21/28€0.006m€0.03m€0.4m€0.8m€1.2m€1.8m€2.0m▲ 12.4%
Intangible fixed assets21--€0.3m€0.7m€0.9m€1.1m€1.3m▲ 13.9%
Tangible fixed assets22/27€0.006m€0.02m€0.1m€0.1m€0.3m€0.7m€0.7m▲ 9.9%
Plant, machinery and equipment23---€0.1m€0.2m€0.2m€0.3m▲ 35.3%
Furniture and vehicles24---€0.007m€0.007m€0.03m€0.04m▲ 44.4%
Other tangible fixed assets26---€0.03m€0.03m€0.4m€0.4m▼ 6.8%
Financial fixed assets28-€0.004m€0.002m€0.002m€0---
Current assets29/58€0.2m€0.3m€1.3m€1.4m€1.2m€2.5m€2.5m▲ 0.2%
Stocks and contracts in progress3€0.02m€0.02m€0.02m€0.02m€0.03m€0.03m€0.04m▲ 37.5%
Stocks30/36---€0.02m€0.03m€0.03m€0.04m▲ 37.5%
Amounts receivable within one year40/41€0.1m€0.1m€1.1m€1.0m€0.7m€2.1m€1.8m▼ 15.0%
Trade receivables40---€0.2m€0.08m€0.3m€0.4m▲ 20.0%
Other amounts receivable41---€0.8m€0.7m€1.8m€1.4m▼ 20.8%
Cash at bank and in hand54/58€0.05m€0.2m€0.2m€0.3m€0.5m€0.3m€0.6m▲ 82.8%
Deferred charges and accrued income490/1---€0.02m€0.02m€0.04m€0.06m▲ 58.2%
Equity and liabilities
Total equity and liabilities10/49€0.2m€0.3m€1.7m€2.2m€2.4m€4.3m€4.6m▲ 5.3%
Equity10/15€0.03m€0.04m€0.07m€0.3m€0.7m€0.9m€1.3m▲ 37.6%
Contributions10/11€0.006m€0.006m-€0.006m€0.006m€0.006m€0.006m=
Reserves13€0.02m€0.03m€0.05m€0.2m€0.7m€0.9m€1.3m▲ 38.1%
Non-distributable reserves130/1---€0.002m€0.002m€0.002m€0.002m=
Reserves not available under the articles1311---€0.002m€0.002m€0.002m€0.002m=
Tax-exempt reserves132----€0.02m€0.05m€0.09m▲ 65.4%
Distributable reserves133---€0.2m€0.7m€0.9m€1.2m▲ 36.5%
Profit (loss) carried forward14€0.006m€0.006m€0.006m€0.006m€0.006m€0.006m€0.006m=
Amounts payable17/49€0.2m€0.3m€1.6m€1.9m€1.7m€3.4m€3.3m▼ 3.4%
Amounts payable after more than one year17--€0.05m€0.05m€0.1m€0.4m€0.3m▼ 22.6%
Financial debts170/4---€0.05m€0.1m€0.4m€0.3m▼ 22.6%
Amounts payable within one year42/48€0.02m€0.06m€0.2m€0.2m€0.3m€0.4m€0.6m▲ 38.5%
Current portion of amounts payable after more than one year42---€0.05m€0.05m€0.1m€0.09m▼ 17.9%
Financial debts43------€0.007m-
Credit institutions430/8------€0.007m-
Trade debts44€0.005m€0.04m€0.08m€0.02m€0.03m€0.1m€0.2m▲ 61.1%
Suppliers440/4---€0.02m€0.03m€0.1m€0.2m▲ 61.1%
Taxes, remuneration and social security45---€0.1m€0.2m€0.2m€0.2m▲ 39.3%
Taxes450/3---€0.04m€0.09m€0.03m€0.05m▲ 108%
Remuneration and social security454/9---€0.07m€0.1m€0.1m€0.2m▲ 26.2%
Other amounts payable47/48---€0.004m€0.006m€0.003m€0.03m▲ 860%
Accrued charges and deferred income492/3---€1.7m€1.3m€2.6m€2.4m▼ 6.9%
Line2019202020212022202320242025Change
Profit (loss) for the period9904€0.01m€0.008m€0.03m€0.2m€0.4m€0.2m€0.4m▲ 59.4%
+ Depreciation and write-downs630€0.002m€0.006m€0.08m€0.2m€0.3m€0.5m€0.7m▲ 40.8%
Operating cash flow (approximation)€0.01m€0.01m€0.1m€0.4m€0.8m€0.7m€1.0m▲ 47.0%
Investment in fixed assets (approximation)--€0.03m-€0.5m-€0.6m-€0.7m-€1.1m-€0.9m▲ 20.5%
Change in cash-€0.1m€0.05m€0.1m€0.1m-€0.1m€0.3m-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (10)
Financial year Type Filed Reference Document
30-06-2025 abbreviated format 30-01-2026 2026-00025987 PDF
30-06-2024 abbreviated format 31-01-2025 2025-00025569 PDF
30-06-2023 micro format 31-01-2024 2024-00015819 PDF
30-06-2022 micro format 31-01-2023 2023-00016488 PDF
30-06-2021 micro format 31-01-2022 2022-03500315 PDF
30-06-2020 micro format 31-01-2021 2021-04700034 PDF
30-06-2019 micro format 03-07-2020 2020-25600515 PDF
30-06-2018 micro format 01-02-2019 2019-03900520 PDF
30-06-2017 micro format 31-01-2018 2018-03800378 PDF
30-06-2016 abbreviated format 05-01-2017 2017-00500564 PDF

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