Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
R&D from Dilbeek, company number BE0442484603, closed financial year 2025 with a result of € -22,612 after tax. For that financial year R&D recorded a gross margin of € -18,593 and equity of € 10,934. Compared with financial year 2024, the result moved from € -5,116 to € -22,612. The company made a loss. The buffer shrank hard: equity is 67 % below last year. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 10,934
▼ 67% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -22,612
▼ 342 % more loss than in 2024
Profit after tax over the fiscal year.
€ 718
▼ 89% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -19,066.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 64
▲ € 54 vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,179 | € -2,401 | € -1,782 | € -18,593 | ▼ € 16,811 |
| Profit after taxes | € -6,079 | € -6,074 | € -5,116 | € -22,612 | ▼ € 17,496 |
| Equity | € 44,736 | € 38,662 | € 33,546 | € 10,934 | ▼ 67% |
| Total debts | € 146 | € 10 | € 10 | € 16,064 | ▲ € 16,054 |
| Cash | € 16,783 | € 11,179 | € 6,670 | € 718 | ▼ 89% |
| Land & buildings | € 28,095 | € 27,488 | € 26,882 | € 26,276 | ▼ 2% |
| Retained profit | € 14,736 | € 8,662 | € 3,546 | € -19,066 | ▼ € 22,612 |
| Balance sheet total | € 44,882 | € 38,672 | € 33,556 | € 26,998 | ▼ 20% |
Key figures of R&D, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to R&D?
What happened at R&D in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 22,612. Source: NBB ↗
- New establishment in Asse. KBO
- Start of the company according to the CBE. KBO
In short
From € 6,079 loss in 2022 to € 22,612 loss in 2025.
Management
Behind R&D is Kurt Ceuppens bv.
Directors
According to the 2025 annual accounts
Director · represented by Kurt Ceuppens
Establishments
Establishment units
Physical locations of this company
Sint-Martinusstraat 35
1700 Dilbeek
Kortemansstraat 109
1730 Asse
Active since 21 January 1991
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0442.484.603
- VAT number
- BE 0442.484.603
- Registered office
- Sint-Martinusstraat 35, 1700 Dilbeek
- Names & denominations
- R&D
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 November 1990
- Peppol
- Active · Active since 19 Nov 2025
- Activities · NACE
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