Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 32 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BDE-Research from Nivelles, company number BE0823661840, closed financial year 2025 with a result of € 29,011 after tax. For that financial year BDE-Research recorded a gross margin of € 163,698 and equity of € 543,932. Compared with financial year 2024, the result moved from € 35,400 to € 29,011. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 13, 2026.
€ 543,932
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 29,011
▼ 18% vs 2024
Profit after tax over the fiscal year.
€ 1,520
▲ € 1,320 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 € 134,765.
People and assets in 2025
€ 2.1 million
▼ 4% vs 2024
Of which on lease € 2.1 million.
Debts at end 2025
€ 1.4 million
▼ 11% vs 2024
€ 147,787 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 69,106
▲ 56% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 163,450 | € 92,356 | € 165,617 | € 163,698 | ▼ 1% |
| Profit after taxes | € 28,323 | € -35,886 | € 35,400 | € 29,011 | ▼ 18% |
| Equity | € 659,638 | € 619,072 | € 515,286 | € 543,932 | ▲ 6% |
| Total debts | € 2,127,139 | € 2,161,992 | € 2,031,459 | € 1,771,863 | ▼ 13% |
| Cash | € 483 | € 66 | € 199 | € 1,520 | ▲ € 1,320 |
| Retained profit | € 60,688 | € 41,286 | € 93,171 | € 134,765 | ▲ 45% |
| Bank debt | € 1,727,061 | € 1,639,840 | € 1,524,598 | € 1,357,786 | ▼ 11% |
| Balance sheet total | € 2,786,777 | € 2,781,064 | € 2,681,251 | € 2,445,985 | ▼ 9% |
| Employees (FTE) | 0.3 | - | - | - |
Key figures of BDE-Research, 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 BDE-Research?
What happened at BDE-Research in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 29,011 (▼ 18% vs 2024). filed late Source: NBB ↗
- Jean-Paul Boon became a director. NBB
- Bernard Persoons became a director. NBB
- New establishment in Nivelles. KBO
- Start of the company according to the CBE. KBO
In short
From € 28,323 profit in 2022 to € 29,011 profit in 2025.
Paid € 76 in corporate taxes since 2022.
Best year ever: 2024, with € 35,400 profit.
Management
The stake of BDE INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BDE-ResearchBehind BDE-Research are Jean-Paul Boon and Bernard Persoons. The shares are held by BDE INVEST (62%).
Directors
According to the 2025 annual accounts
Jean-Paul Boon
Manager
Also active at: International Business Software Consulting, BIsoft, STRATEGOR, BDE INVEST, Ecologic-Reconditionnement, BDE -SERVICE CENTER
since 2016
Bernard Persoons
Manager
Also active at: ASBL EPHEC-GALILEE, ECO - LOGIC, International Business Software Consulting, PERSOONS, BIsoft, LE BOUCHE A OREILLE, BAO - Elan Vital, BDE INVEST +1 more
since 2016
Shareholders
62%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Avenue Thomas Edison 95
1402 Nivelles
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →ECO - LOGIC same network
€ -92,833 gross margin · 2023
Bisoft same network
€ 1.1 million gross margin · 2025
BDE INVEST same network
€ 99,610 gross margin · 2025
Unité TVA BDE
CHISPAS AMAZONICAS
+3 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
- 0823.661.840
- VAT number
- BE 0823.661.840
- Registered office
- Avenue Thomas Edison 95, 1402 Nivelles
- Names & denominations
- BDE-Research · SPRL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 March 2010
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
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