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 63 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
ACT RESEARCH from Kortenberg, company number BE0453626834, closed financial year 2024 with a result of € 130,217 after tax. For that financial year ACT RESEARCH recorded a gross margin of € 3.3 million and equity of € 888,581. Compared with financial year 2023, the result moved from € 68,501 to € 130,217. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on November 6, 2025.
€ 888,581
▲ 15% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 130,217
▲ 90% vs 2023
Profit after tax over the fiscal year.
€ 67,121
▲ € 52,784 vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 580,695.
People and assets in 2024
42.7
▲ 3.2 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 2.5 million
▲ 17% vs 2023
€ 58,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 127,302
▲ 28% vs 2023
Of which on lease € 24,453.
Debts at end 2024
€ 2.5 million
▲ 26% vs 2023
Loans from banks and other lenders, long and short.
€ 2.9 million
▲ 83% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 626,554
▲ 19% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 2,332,897 | € 2,299,425 | € 2,705,716 | € 3,333,647 | ▲ 23% |
| Profit after taxes | € 33,088 | € -2,902 | € 68,501 | € 130,217 | ▲ 90% |
| Equity | € 619,963 | € 681,336 | € 772,494 | € 888,581 | ▲ 15% |
| Total debts | € 3,026,006 | € 4,183,213 | € 4,917,810 | € 6,508,509 | ▲ 32% |
| Cash | € 5,545 | € 79,424 | € 14,337 | € 67,121 | ▲ € 52,784 |
| Retained profit | € 384,880 | € 381,977 | € 450,478 | € 580,695 | ▲ 29% |
| Bank debt | € 1,461,893 | € 1,958,664 | € 1,994,630 | € 2,510,620 | ▲ 26% |
| Balance sheet total | € 3,747,642 | € 4,889,968 | € 5,715,723 | € 7,418,975 | ▲ 30% |
| Employees (FTE) | 39.2 | 35.5 | 39.5 | 42.7 | ▲ 3.2 |
Key figures of ACT RESEARCH, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to ACT RESEARCH?
What happened at ACT RESEARCH in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 130,217 (▲ 90% vs 2023). filed late Source: NBB ↗
- New establishment in Kortenberg. KBO
- Start of the company according to the CBE. KBO
In short
From € 33,088 profit in 2021 to € 130,217 profit in 2024.
Paid € 157,407 in corporate taxes since 2021.
Best year ever: 2024, with € 130,217 profit.
On average € 78,100 of value added per employee in 2024.
Management
The stake of J & J MANAGEMENT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ACT RESEARCHBehind ACT RESEARCH are Michael Kaag, Alphonsus Johannes Anton Geevers and Wim Geerards. The shares are held by J & J MANAGEMENT (26%).
Directors
According to the 2024 annual accounts
Alphonsus Johannes Anton Geevers
Director
Wim Geerards
Director
Shareholders
26%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Leuvensesteenweg 456
3071 Kortenberg
Leuvensesteenweg 456
3070 Kortenberg
Active since 10 November 1994
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
- 0453.626.834
- VAT number
- BE 0453.626.834
- Registered office
- Leuvensesteenweg 456, 3071 Kortenberg
- Names & denominations
- ACT RESEARCH
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 October 1994
- Peppol
- Active · Active since 7 Jan 2026
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