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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Tight liquidity NBB
Cash and receivables cover 57 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
EUROPEAN RESEARCH EN CONSULTANT from Tervuren, company number BE0449690317, closed financial year 2025 with a result of € 6,970 after tax. For that financial year EUROPEAN RESEARCH EN CONSULTANT recorded a gross margin of € 51,309 and equity of € 388,259. Compared with financial year 2024, the result moved from € -4,048 to € 6,970. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.
€ 388,259
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 6,970
▲ still € 4,048 loss in 2024
Profit after tax over the fiscal year.
€ 46,785
▲ € 40,246 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 263,259.
Debts at end 2025
€ 74,495
Loans from banks and other lenders, long and short.
€ 6,459
▲ 2% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 58,578 | € 44,054 | € 33,319 | € 51,309 | ▲ 54% |
| Profit after taxes | € 11,809 | € 12,737 | € -4,048 | € 6,970 | ▲ € 11,018 |
| Equity | € 383,373 | € 385,337 | € 381,289 | € 388,259 | ▲ 2% |
| Total debts | € 159,307 | € 109,378 | € 85,569 | € 82,880 | ▼ 3% |
| Cash | € 25,743 | € 12,600 | € 6,539 | € 46,785 | ▲ € 40,246 |
| Land & buildings | € 568,781 | € 530,736 | € 500,743 | € 461,881 | ▼ 8% |
| Retained profit | € 258,373 | € 260,337 | € 256,289 | € 263,259 | ▲ 3% |
| Bank debt | € 148,929 | € 96,134 | € 74,591 | € 74,495 | |
| Balance sheet total | € 597,618 | € 544,106 | € 510,702 | € 509,437 |
Key figures of EUROPEAN RESEARCH EN CONSULTANT, 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 EUROPEAN RESEARCH EN CONSULTANT?
What happened at EUROPEAN RESEARCH EN CONSULTANT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 6,970. Source: NBB ↗
- New establishment in Kraainem. KBO
- Start of the company according to the CBE. KBO
In short
From € 11,809 profit in 2022 to € 6,970 profit in 2025.
Paid € 21,008 in corporate taxes since 2022.
Best year ever: 2023, with € 12,737 profit.
Management
Behind EUROPEAN RESEARCH EN CONSULTANT are Matthias Ghijselings, Isabel Ghijselings and Gery Ghijselings. Matthias Ghijselings is also behind IMMO AVA & CO.
Directors
According to the 2025 annual accounts
Isabel Ghijselings
Director
Gery Ghijselings
Managing director
Establishments
Establishment units
Physical locations of this company
Brusselsesteenweg 59 box 0.2
3080 Tervuren
Woudlaan 67
1950 Kraainem
Active since 15 April 1993
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
- 0449.690.317
- VAT number
- BE 0449.690.317
- Registered office
- Brusselsesteenweg 59 bus 0.2, 3080 Tervuren
- Names & denominations
- EUROPEAN RESEARCH EN CONSULTANT · ERC
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 12 March 1993
- Peppol
- Active · Active since 1 Jan 2001