ACTIVE

INTERNATIONAL RESEARCH AND DEVELOPMENT (I.R.A.D.)

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Financial year 2025 · Closed on 31/12/2025

Net result252 k €-30,9 %over 1 year
Gross margin-33,5 k €+58,7 %over 1 year
Equity24,3 M €+1,0 %over 1 year

Identity

Source · BCE/KBO

INTERNATIONAL RESEARCH AND DEVELOPMENT (I.R.A.D.) is a Private company with limited liability incorporated in 2000. Its registered office is in Uccle.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0471.849.867
Incorporation
28/04/2000
Legal form
Private company with limited liability
Registered office
Avenue Kersbeek 308
1180 Uccle · BruxellesSee on map
Contributed capital
10 463,84 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflow

Financials

Source · NBB, 20 filings

Trend over 12 financial years

20252024202320222021
Income statement
Gross margin-33,5 k €-81,1 k €-53,1 k €-113,9 k €-18,7 k €
EBITDA-34,8 k €-82,1 k €-54,1 k €-116,2 k €-20,8 k €
Operating result-34,8 k €-82,1 k €-54,1 k €-116,2 k €-20,8 k €
Net result252 k €364,8 k €382,7 k €362,3 k €558,4 k €
Balance sheet
Equity24,3 M €24,1 M €23,7 M €23,3 M €22,9 M €
Total assets24,6 M €24,3 M €23,8 M €23,3 M €22,9 M €
Cash1,4 M €1,7 M €1,6 M €1,7 M €1,8 M €
Debts230,6 k €270,7 k €39 k €884,3 €1,3 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 10 ended

Active mandates

Barry Glass

Bestuurder · since 08 juin 2023

Active

Ended mandates

Nahum Solan

Bestuurder · since 08 septembre 2020 · until 19 juin 2023

Ended
Nahum Solan

Bestuurder · since 08 septembre 2020

Ended
Nahum Solan

Director · since 08 septembre 2020

Ended
François Vermer

Manager · since 29 décembre 2015

Ended

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Avenue Kersbeek 308 1180 Uccle
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ADGROS● Active
0840.615.460
ADSCALE TECHNOLOGIES● Active
0803.161.384
AF CORP● Bankrupt
1003.452.132
AFT RENOV● Active
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AH PROJECT● Active
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Full financial information

Source · NBB
202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro 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 date18/09/202627/09/202527/09/202404/11/202330/08/202230/08/2021
General meeting13/09/202630/08/202506/09/202403/11/202330/06/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202513/09/202618/09/2026DutchPDF
Micro model31/12/202430/08/202527/09/2025DutchPDF
Micro model31/12/202306/09/202427/09/2024DutchPDF
Micro model31/12/202203/11/202304/11/2023DutchPDF
Micro model31/12/202130/06/202230/08/2022DutchPDF
Micro model31/12/202030/06/202130/08/2021DutchPDF
Micro model31/12/201929/06/202130/06/2021DutchPDF
Abridged model31/12/201826/09/201904/10/2019DutchPDF
Micro model31/12/201725/05/201831/08/2018DutchPDF
Micro model31/12/201626/05/201724/07/2017DutchPDF
Abridged model31/12/201525/08/201629/08/2016DutchPDF
Abridged model31/12/201419/06/201526/08/2015DutchPDF
Abridged model31/12/201326/07/201429/08/2014DutchPDF
Abridged model31/12/201230/06/201329/08/2013DutchPDF
Abridged model31/12/201120/07/201231/07/2012DutchPDF
Abridged model31/12/201030/06/201131/08/2011DutchPDF
Abridged model31/12/200916/07/201031/08/2010DutchPDF
Abridged model31/12/200830/06/200907/08/2009DutchPDF
Abridged model31/12/200730/06/200824/07/2008DutchPDF
Abridged model31/12/200629/06/200727/07/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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

1 active · 10 ended

Active mandates

Barry Glass

Bestuurder · since 08 juin 2023

Active

Ended mandates

Nahum Solan

Bestuurder · since 08 septembre 2020 · until 19 juin 2023

Ended
Nahum Solan

Bestuurder · since 08 septembre 2020

Ended
Nahum Solan

Director · since 08 septembre 2020

Ended
François Vermer

Manager · since 29 décembre 2015

Ended

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates25/10/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates19/06/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office19/07/2021
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates22/09/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates01/02/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office03/04/2013
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates31/07/2009
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office16/10/2008
    zetelverplaatsing
    PDF

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 2025252 k €↓
  2. 2024
    Annual accounts 2024364,8 k €↓
  3. 2023
    Annual accounts 2023382,7 k €↑
  4. 2022
    Annual accounts 2022362,3 k €↓
  5. 2021
    Annual accounts 2021558,4 k €↑
  6. 2018
    Annual accounts 2018415,3 k €↓
  7. 2015
    Annual accounts 2015474,4 k €↓
  8. 2010
    Annual accounts 2010723,7 k €↑
  9. 2009
    Annual accounts 2009580,6 k €↑
  10. 2008
    Annual accounts 2008371,1 k €↓
  11. 2007
    Annual accounts 2007442,5 k €↓
  12. 2006
    Annual accounts 2006501,7 k €
  13. 28/04/2000
    IncorporationPrivate company with limited liability