ACTIVE

RESEARCH & SOLUTIONS

Export PDF
Financial year 2025 · closed on 31/12/2025
Net result
249,5 k €
+1718.5% YoY
Revenue
2,4 M €
-6.8% YoY
Equity
537,4 k €
-33.0% YoY
Workforce
15,9 ETP
-9.1% YoY

What does RESEARCH & SOLUTIONS do?

RESEARCH & SOLUTIONS is a Private limited company incorporated in 1997. Its main activity is: Other professional, scientific and technical activities n.e.c.. Its registered office is in Grimbergen. It employs on average 15,9 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0461.357.932
Incorporation
28/08/1997
Legal form
Private limited company
Registered office
Ringlaan 39
1853 Grimbergen · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Average workforce
15,9 ETP
Activities (NACE)
74909Other professional, scientific and technical activities n.e.c.· main74999Other professional, scientific and technical activities n.e.c.
Joint committees (3)
  • 200
  • 20000
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
Available with a Rovalta subscriptionTry for 7 days
Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Revenue2,4 M €2,5 M €2 M €–––––––––––––––––
EBITDA358,8 k €326,5 k €387,9 k €658,2 k €72,3 k €236 k €167,2 k €186,7 k €123,8 k €124,3 k €115 k €73,2 k €78,7 k €126 k €117,3 k €126,5 k €156,3 k €119,5 k €2,1 k €5 k €
Operating result331,4 k €321,1 k €374,9 k €643,2 k €50,8 k €212,2 k €144,9 k €164,9 k €99,2 k €89,9 k €76,6 k €25,3 k €33,9 k €77,3 k €56,6 k €61,4 k €86 k €40,2 k €1,7 k €3,7 k €
Net result249,5 k €-15,4 k €247,1 k €424,7 k €11 k €146,8 k €83,7 k €96,2 k €53,3 k €34,3 k €36,4 k €4,5 k €6,2 k €39,8 k €13,4 k €19,2 k €39,5 k €14,5 k €1,5 k €3,5 k €
Balance sheet
Equity537,4 k €802 k €817,4 k €570,3 k €145,6 k €134,6 k €302,8 k €241,5 k €166,7 k €141,3 k €114,6 k €113,1 k €108,6 k €102,4 k €62,6 k €101,7 k €82,4 k €43 k €28,4 k €27 k €
Total assets1,6 M €1,4 M €1,4 M €1,2 M €830 k €802 k €710 k €628 k €654,3 k €649,4 k €542,5 k €544,5 k €568,5 k €615,2 k €611 k €641,2 k €664,6 k €546,6 k €82,3 k €73,8 k €
Cash652,5 k €61,4 k €358,4 k €96,3 k €57,1 k €109,2 k €16,8 k €39,2 k €26,6 k €189,4 k €126,2 k €90,8 k €81,7 k €63,2 k €40,5 k €35,2 k €29,9 k €71,2 k €–4,8 k €
Debts994,9 k €557,3 k €431 k €588,1 k €684,4 k €667,5 k €381 k €360,2 k €461,3 k €471,6 k €412,9 k €396,3 k €424,9 k €462,8 k €548,4 k €539,5 k €582,2 k €503,7 k €53,9 k €46,1 k €
Other
Workforce15,9 ETP17,5 ETP14,7 ETP12,9 ETP11,9 ETP8,1 ETP9,0 ETP8,0 ETP8,3 ETP–5,0 ETP5,0 ETP5,5 ETP5,0 ETP4,4 ETP4,0 ETP4,0 ETP2,1 ETP––
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 8 ended

Active mandates

Bart De Cree

Director · since 26 février 2024

Active
Brecht Gielen

Director · since 26 février 2024

Active
HertBelgium

Director · 0506.743.836

Represented by Lescrauwaet Gino

Active

Ended mandates

HertBelgium

Director · since 01 janvier 2021 · 0506.743.836

Represented by Levi Vaneycken

Ended
HertBelgium

Director · since 01 janvier 2020 · 0506.743.836

Represented by Vaneycken LEVI

Ended
Philippe Baele

Director · since 17 avril 2008 · until 31 décembre 2020

Ended
Philippe BAELE

Manager · since 14 avril 2008

Ended
At this address

Other companies at this address

CompanyCBE no.
ACEG● Active
0846.351.031
ACEG GROUP● Active
0793.807.814
ADMOSPHERE● Active
0878.859.392
Algemene Certificaten voor Elektriciteit & Gas● Active
0839.866.481
APP APP● Bankrupt
0700.252.304
BriskSky - ACEG● Active
0764.430.373
EPB XL● Active
0838.138.297
Epicause● Active
1009.658.053
EURAHOLD● Active
0689.650.303
HertBelgium● Active
0506.743.836
HertBelgium BTW-Eenheid● Active
1030.921.542
Herti01● Active
0882.474.128
Herti02● Active
0766.832.708
Herti04● Active
1030.832.658
INFARAMA● Active
0806.647.149
Kornatris● Active
0683.923.046
LBG● Active
0897.404.111
LVT BENELUX PR● Active
0470.170.678
Maatschap ACEG & Company● Active
0803.394.283
Renofy● Active
1030.827.215
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date28/05/202623/07/202527/06/202430/06/202329/03/202326/08/2021
General meeting20/04/202606/06/202515/04/202430/06/202330/06/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days
Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202520/04/202628/05/2026DutchPDF
Full model31/12/202406/06/202523/07/2025DutchPDF
Abridged model31/12/202315/04/202427/06/2024DutchPDF
Abridged model31/12/202230/06/202330/06/2023DutchPDF
Abridged model31/12/202130/06/202229/03/2023DutchPDF
Abridged model31/12/202030/06/202126/08/2021DutchPDF
Abridged model31/12/201920/04/202019/06/2020DutchPDF
Abridged model31/12/201815/04/201911/07/2019DutchPDF
Abridged model31/12/201731/05/201812/06/2018DutchPDF
Micro model31/12/201619/06/201721/08/2017DutchPDF
Abridged model31/12/201520/06/201630/06/2016DutchPDF
Abridged model31/12/201422/06/201524/06/2015DutchPDF
Abridged model31/12/201323/06/201423/06/2014DutchPDF
Abridged model31/12/201224/06/201321/08/2013DutchPDF
Abridged model31/12/201116/04/201211/06/2012DutchPDF
Abridged model31/12/201018/04/201131/08/2011DutchPDF
Abridged model31/12/200919/04/201025/06/2010DutchPDF
Abridged model31/12/200820/04/200929/06/2009DutchPDF
Abridged model31/12/200714/04/200821/05/2008DutchPDF
Abridged model31/12/200616/04/200728/08/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 8 ended

Active mandates

Bart De Cree

Director · since 26 février 2024

Active
Brecht Gielen

Director · since 26 février 2024

Active
HertBelgium

Director · 0506.743.836

Represented by Lescrauwaet Gino

Active

Ended mandates

HertBelgium

Director · since 01 janvier 2021 · 0506.743.836

Represented by Levi Vaneycken

Ended
HertBelgium

Director · since 01 janvier 2020 · 0506.743.836

Represented by Vaneycken LEVI

Ended
Philippe Baele

Director · since 17 avril 2008 · until 31 décembre 2020

Ended
Philippe BAELE

Manager · since 14 avril 2008

Ended
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates27/12/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/07/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/06/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/05/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other30/04/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Mandates08/02/2021
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office22/08/2018
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office18/09/2017
    MAATSCHAPPELIJKE ZETEL
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025249,5 k €↑
  2. 2024
    Annual accounts 2024-15,4 k €↓
  3. 2023
    Annual accounts 2023247,1 k €↓
  4. 2022
    Annual accounts 2022424,7 k €↑
  5. 2021
    Annual accounts 202111 k €↓
  6. 2020
    Annual accounts 2020146,8 k €↑
  7. 2019
    Annual accounts 201983,7 k €↓
  8. 2018
    Annual accounts 201896,2 k €↑
  9. 2017
    Annual accounts 201753,3 k €↑
  10. 2016
    Annual accounts 201634,3 k €↓
  11. 2015
    Annual accounts 201536,4 k €↑
  12. 2014
    Annual accounts 20144,5 k €↓
  13. 2013
    Annual accounts 20136,2 k €↓
  14. 2012
    Annual accounts 201239,8 k €↑
  15. 2011
    Annual accounts 201113,4 k €↓
  16. 2010
    Annual accounts 201019,2 k €↓
  17. 2009
    Annual accounts 200939,5 k €↑
  18. 2008
    Annual accounts 200814,5 k €↑
  19. 2007
    Annual accounts 20071,5 k €↓
  20. 2006
    Annual accounts 20063,5 k €
  21. 28/08/1997
    IncorporationPrivate limited company