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 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 54 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
RESEARCH PLUS from Tongeren-Borgloon, company number BE0524875413, closed financial year 2025 with a result of € -36,558 after tax. For that financial year RESEARCH PLUS recorded a gross margin of € -16,823 and equity of € 29,580. Compared with financial year 2024, the result moved from € -33,295 to € -36,558. The company made a loss. The buffer shrank hard: equity is 55 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 9, 2026.
€ 29,580
▼ 55% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -36,558
▼ 10 % more loss than in 2024
Profit after tax over the fiscal year.
€ 16
▼ 55% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 23,380.
People and assets in 2025
€ 21,823
▼ 33% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 124,388
▼ 2% vs 2024
€ 15,813 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 14,856
▲ 139% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 5,712
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 7,373 | € 41,884 | € -17,429 | € -16,823 | ▲ € 606 |
| Profit after taxes | € -5,624 | € 16,806 | € -33,295 | € -36,558 | ▼ € 3,262 |
| Equity | € 95,688 | € 99,433 | € 66,138 | € 29,580 | ▼ 55% |
| Total debts | € 107,348 | € 172,994 | € 135,144 | € 144,956 | ▲ 7% |
| Cash | € 35 | € 11,882 | € 36 | € 16 | ▼ 55% |
| Land & buildings | € 72,880 | € 70,627 | € 68,375 | € 66,123 | ▼ 3% |
| Retained profit | € 89,488 | € 93,233 | € 59,938 | € 23,380 | ▼ 61% |
| Dividend | € 0 | € 13,061 | € 0 | € 0 | |
| Bank debt | € 87,889 | € 105,707 | € 127,102 | € 124,388 | ▼ 2% |
| Balance sheet total | € 203,036 | € 272,427 | € 201,282 | € 174,536 | ▼ 13% |
Key figures of RESEARCH PLUS, 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 RESEARCH PLUS?
What happened at RESEARCH PLUS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 36,558. Source: NBB ↗
- Serge Demeyer became a director. NBB
- New establishment in Tongeren-Borgloon. KBO
- Marleen Baptist became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 5,624 loss in 2022 to € 36,558 loss in 2025.
Paid € 6,244 in corporate taxes since 2022.
Best year ever: 2023, with € 16,806 profit.
Paid out € 13,061 in dividends to the owners in total.
A new publication or filing at RESEARCH PLUS? We notify you, reason included.
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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
Behind RESEARCH PLUS are Marleen Baptist and Serge Demeyer.
Directors
According to the 2025 annual accounts
Marleen Baptist
Director
since 2013
Serge Demeyer
Director
since 2025
Establishments
Establishment units
Physical locations of this company
Neremstraat 266
3700 Tongeren-Borgloon
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0524.875.413
- VAT number
- BE 0524.875.413
- Registered office
- Neremstraat 266, 3700 Tongeren-Borgloon
- Names & denominations
- RESEARCH PLUS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 March 2013
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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