Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2024; threshold 65 %.
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Busy address KBO
13 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
EUROPEAN COMPANY OF RESEARCH AND INVESTMENT from Elsene, company number BE0458485148, closed financial year 2024 with a result of € -340,157 after tax. For that financial year EUROPEAN COMPANY OF RESEARCH AND INVESTMENT recorded a gross margin of € 393,265 and equity of € 142,973. Compared with financial year 2023, the result moved from € -344,128 to € -340,157. The company made a loss. The buffer shrank hard: equity is 70 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on November 19, 2025.
€ 142,973
▼ 70% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -340,157
▲ 1 % less loss than in 2023
Profit after tax over the fiscal year.
€ 75,780
▲ € 59,525 vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -815,301.
People and assets in 2024
3
Average over the fiscal year, from the social balance sheet.
€ 401,252
▼ 6% vs 2023
€ 133,800 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.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 1.2 million
▼ 1% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 78,027
▼ 17% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 509,014 | € 448,961 | € 369,354 | € 393,265 | ▲ 6% |
| Profit after taxes | € -152,472 | € -232,461 | € -344,128 | € -340,157 | ▲ € 3,971 |
| Equity | € 1,059,720 | € 827,259 | € 483,131 | € 142,973 | ▼ 70% |
| Total debts | € 5,067,441 | € 4,970,078 | € 5,022,332 | € 5,072,437 | ▲ 1% |
| Cash | € 194,674 | € 102,594 | € 16,255 | € 75,780 | ▲ € 59,525 |
| Land & buildings | € 1,467,420 | € 1,441,250 | € 1,415,080 | € 1,388,910 | ▼ 2% |
| Retained profit | € 101,446 | € -131,015 | € -475,143 | € -815,301 | ▼ € 340,158 |
| Balance sheet total | € 6,493,115 | € 6,163,291 | € 5,871,417 | € 5,581,364 | ▼ 5% |
| Employees (FTE) | 3 | 3 | 3 | 3 |
Key figures of EUROPEAN COMPANY OF RESEARCH AND INVESTMENT, 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 EUROPEAN COMPANY OF RESEARCH AND INVESTMENT?
What happened at EUROPEAN COMPANY OF RESEARCH AND INVESTMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 340,157. filed late Source: NBB ↗
- Quentin VERCAUTEREN DRUBBEL became a director. NBB
- Jean-Louis WAUCQUEZ became a director. NBB
- Franck JULIEN stepped down as director. NBB
- Laurence PECRIAUX stepped down as director. NBB
- Sophie PECRIAUX became a director. NBB
- Franck JULIEN became a director. NBB
- Laurence PECRIAUX became a director. NBB
In short
From € 152,472 loss in 2021 to € 340,157 loss in 2024.
Paid € 15,112 in corporate taxes since 2021.
On average € 131,100 of value added per employee in 2024.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of FJ PARTICIPATIONS INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
EUROPEAN COMPANY OF RESEARCH AND INVESTMENTBehind EUROPEAN COMPANY OF RESEARCH AND INVESTMENT are Sophie PECRIAUX , Quentin VERCAUTEREN DRUBBEL and Jean-Louis WAUCQUEZ. The shares are held by FJ PARTICIPATIONS INVEST (100%).
Directors
According to the 2024 annual accounts
Sophie PECRIAUX
Managing director, Director
Also active at: CITY ONE BELGIUM, FJ PARTICIPATIONS INVEST, CITY ONE DEVELOPMENT, SP Invest Holding, SP Conseils, FJ Conseils, NOVACITY
since 2013
Quentin VERCAUTEREN DRUBBEL
Director
since 2024
since 2024
since 2013 · until 2024
Laurence PECRIAUX
Director
since 2013 · until 2024
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Lied Van Sotternieënlaan 19
1050 Elsene
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 13 companies are registered at this address.
All companies at this address →FJ PARTICIPATIONS INVEST same network
€ -10,239 gross margin · 2024
CITY ONE DEVELOPMENT same network
€ 210,000 revenue · 2025
SP Invest Holding same network
€ 62,584 gross margin · 2025
AHDS
€ 6,200 revenue · 2023
SOCIETE MEDICO-CHIRURGICALE DR BOURDEAUX
€ 187,138 gross margin · 2025
+8 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0458.485.148
- VAT number
- BE 0458.485.148
- Registered office
- Lied Van Sotternieënlaan 19, 1050 Elsene
- Names & denominations
- EUROPEAN COMPANY OF RESEARCH AND INVESTMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 August 1996
- Peppol
- Active · Active since 31 Dec 2025
- Activities · NACE
Overige zakelijke dienstverlening, neg
Activiteiten van hoofdkantoren
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Diverse administratieve activiteiten ten behoeve van kantoren