ACTIVE

RESEARCH & SOLUTIONS

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Financial year 2025 · Closed on 31/12/2025

Net result249,5 k €+1 718,5 %over 1 year

Revenue2,4 M €-6,8 %over 1 year

Equity537,4 k €-33,0 %over 1 year

Workforce15,9 ETP-9,1 %over 1 year

Identity

Source · BCE/KBO

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.· main 74999Other professional, scientific and technical activities n.e.c.

Joint committees (3)

200
20000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	2,4 M €	-6.8%	2,5 M €	+27.4%	2 M €		–		–
EBITDA	358,8 k €	+9.9%	326,5 k €	-15.8%	387,9 k €	-41.1%	658,2 k €	+811%	72,3 k €
Operating result	331,4 k €	+3.2%	321,1 k €	-14.4%	374,9 k €	-41.7%	643,2 k €	+1166%	50,8 k €
Net result	249,5 k €	+1719%	-15,4 k €	-106%	247,1 k €	-41.8%	424,7 k €	+3760%	11 k €
Balance sheet
Equity	537,4 k €	-33.0%	802 k €	-1.9%	817,4 k €	+43.3%	570,3 k €	+292%	145,6 k €
Total assets	1,6 M €	+11.8%	1,4 M €	+3.2%	1,4 M €	+10.8%	1,2 M €	+48.3%	830 k €
Cash	652,5 k €	+963%	61,4 k €	-82.9%	358,4 k €	+272%	96,3 k €	+68.5%	57,1 k €
Debts	994,9 k €	+78.5%	557,3 k €	+29.3%	431 k €	-26.7%	588,1 k €	-14.1%	684,4 k €
Other
Workforce	15,9 ETP	-9.1%	17,5 ETP	+19.0%	14,7 ETP	+14.0%	12,9 ETP	+8.4%	11,9 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bart De Cree	Directorsince 26/02/2024
Brecht Gielen	Directorsince 26/02/2024
HertBelgium0506.743.836Represented by Levi Vaneycken	Directorsince 01/01/2020

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Philippe Baele	Director17/04/2008 → 31/12/2020Manager14/04/2008 → 2008 accounts

Other companies at this address

Ringlaan 39 1853 Grimbergen

Company	CBE 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
AS BUILT DIGITAL● Active	0804.338.054
BriskSky - ACEG● Active	0764.430.373
EPB XL● Active	0838.138.297
Epicause● Active	1009.658.053
EURAHOLD● Active	0689.650.303
Farma Service● Active	0844.740.435
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

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/05/2026	23/07/2025	27/06/2024	30/06/2023	29/03/2023	26/08/2021
General meeting	20/04/2026	06/06/2025	15/04/2024	30/06/2023	30/06/2022	30/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	20/04/2026	28/05/2026	Dutch	PDF
Full model	31/12/2024	06/06/2025	23/07/2025	Dutch	PDF
Abridged model	31/12/2023	15/04/2024	27/06/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	30/06/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	29/03/2023	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	26/08/2021	Dutch	PDF
Abridged model	31/12/2019	20/04/2020	19/06/2020	Dutch	PDF
Abridged model	31/12/2018	15/04/2019	11/07/2019	Dutch	PDF
Abridged model	31/12/2017	31/05/2018	12/06/2018	Dutch	PDF
Micro model	31/12/2016	19/06/2017	21/08/2017	Dutch	PDF
Abridged model	31/12/2015	20/06/2016	30/06/2016	Dutch	PDF
Abridged model	31/12/2014	22/06/2015	24/06/2015	Dutch	PDF
Abridged model	31/12/2013	23/06/2014	23/06/2014	Dutch	PDF
Abridged model	31/12/2012	24/06/2013	21/08/2013	Dutch	PDF
Abridged model	31/12/2011	16/04/2012	11/06/2012	Dutch	PDF
Abridged model	31/12/2010	18/04/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	19/04/2010	25/06/2010	Dutch	PDF
Abridged model	31/12/2008	20/04/2009	29/06/2009	Dutch	PDF
Abridged model	31/12/2007	14/04/2008	21/05/2008	Dutch	PDF
Abridged model	31/12/2006	16/04/2007	28/08/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bart De Cree	Directorsince 26/02/2024
Brecht Gielen	Directorsince 26/02/2024
HertBelgium0506.743.836Represented by Levi Vaneycken	Directorsince 01/01/2020

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Philippe Baele	Director17/04/2008 → 31/12/2020Manager14/04/2008 → 2008 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

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
Verplaatsing maatschappelijke zetel ' '
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Brecht Gielen

Bart De Cree

HertBelgium

Philippe Baele

Walter BAELE

199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

RESEARCH & SOLUTIONS

Ringlaan 39, 1853 Strombeek-Bever

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Ringlaan 39, 1853 Strombeek-BeverCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00124189

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
RESEARCH & SOLUTIONSCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00124189

Events

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

RESEARCH & SOLUTIONS

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events