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ACT RESEARCH

Active
Public limited companyfounded 1994active for 32 yearsLeuvensesteenweg 456, 3071 Kortenberg, BelgiumKBO/BCE: BE 0453.626.834
Summary

The computed 12-month bankruptcy probability of ACT RESEARCH is 3.8% (moderate). The 2024 annual accounts show equity of €888,581 and a net result of €130,217. Equity is growing by about 8.8% per year across the filed financial years. Its solvency ranks better than 14% of 997 sector peers (NACE 95, financial year 2024). The company has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Other maintenance and repair of motor vehicles
NACE 95319Manufacture of motor vehicles, trailers and semi-trailers NACE 29201
Largest company by total assets in Kortenberg, Other services sector1 site
Size
€7.4mtotal assets 2024
Staff
42.7 FTE
Equity
€888,581
Profit
€130,217
Turnover not published (abbreviated format)
Financial health
48 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
3.8%
Structure
Largest shareholder
J & J MANAGEMENT · 26%
Accounts 78 days overdue2 of 6 deeds read
Why 48raises riskLiquidity: current ratio 1.07, cash €67,121Figures for financial year 2024 (filed 15-11-2025)Equity €888,581 (12.0% of total assets)lowers riskFounded in 1994Show the evidence

Checked score

Score 2024
48 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 31% of its sector peers (NACE 95, small)
Financial strength · tick = 2023
Weak
Solvency 37-2
equity 12.0% of total assets
Liquidity 5-1
short-term debt 84.1% · cash 0.9%
Profitability 40-5
return on assets 1.8%
Bankruptcy probability, 12 months
3.8% Moderate
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (327 companies, NACE 95, small)
Last 24 months 11-2024: 4.0% 12-2024: 2.4%▼ -1.6 percentage points vs 11-2024 01-2025: 2.4%● unchanged vs 12-2024 02-2025: 2.4%● unchanged vs 01-2025 03-2025: 2.4%● unchanged vs 02-2025 04-2025: 2.3%▼ -0.1 percentage points vs 03-2025 05-2025: 2.3%● unchanged vs 04-2025 06-2025: 2.4%▲ +0.1 percentage points vs 05-2025 07-2025: 2.7%▲ +0.3 percentage points vs 06-2025 08-2025: 3.2%▲ +0.5 percentage points vs 07-2025 09-2025: 3.7%▲ +0.5 percentage points vs 08-2025 10-2025: 4.5%▲ +0.8 percentage points vs 09-2025 11-2025: 4.6%▲ +0.1 percentage points vs 10-2025highest value 12-2025: 1.9%▼ -2.7 percentage points vs 11-2025 01-2026: 1.9%● unchanged vs 12-2025 02-2026: 1.9%● unchanged vs 01-2026 03-2026: 1.9%● unchanged vs 02-2026lowest value 04-2026: 1.9%● unchanged vs 03-2026 05-2026: 1.9%● unchanged vs 04-2026 06-2026: 2.0%▲ +0.1 percentage points vs 05-2026 07-2026: 2.0%● unchanged vs 06-2026 08-2026: 2.8%▲ +0.8 percentage points vs 07-2026 09-2026: 3.2%▲ +0.4 percentage points vs 08-2026 10-2026: 3.8%▲ +0.6 percentage points vs 09-2026
Credit of up to €40,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity tight (current ratio 1.07, compared with 1.03 in 2023, below the usual 1.5; short-term debt: 84.1% and cash: 0.9% of total assets), and 88% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 95, small): better than 22% on solvency, 6% on liquidity, 24% on profitability and 71% on growth.

The bankruptcy probability was computed on 17-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
lowers riskraises risk
raises risk · Liquidity: current ratio 1.07, cash €67,121
NBB · annual accounts
raises risk · Figures for financial year 2024 (filed 15-11-2025)
NBB · annual accounts
lowers risk · Founded in 1994
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Equity €888,581 (12.0% of total assets)
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 997 sector peers (2024).
NBB · sector comparison
Position among 997 sector peers
Solvency
better than 14%
← weakest strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 78 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline17-10-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-11-2025, 98 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
98 days late
2023
110 days late
2022
100 days late
2021
43 days late
2020
3 days early
2019
31 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 63 days after the deadline; the sector median (NACE 95) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignations: KAAG Michaël Henrikus Antonius Marie…Appointments: KAAG Michaël Henrikus Antonius…
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. Annual accounts filedfinancial year 2023 · abbreviated…

Key points

  • Caution: Board changedlatest change 12-03-2026 · 1 in office 1 joined · 3 left View
  • Positive: Result rose in 2024from €68,501 to €130,217 ▲ 90.1% View
  • Positive: Largest company by total assets in Kortenberg, Other services sectorin the Checked rankings No. 1 View
  • Caution: Accounts not fileddeadline was 31-07-2026 78 days late View

By topic

Financials

Financial year
2024
Total assets
€7.4m
Profit
€130,217
Solvency
12.0%
Total assets▲ 29.8%
Net result
20182024
Go to Financials

Timeline

Events
37
Since
1996
  1. 13-08-2024Reappointments: Kaag Michiel, Geeraards Wim and Geevers…
  2. 31-12-2023Back to profit
  3. 08-11-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Other maintenance and repair of motor vehiclesNACE 95319
Founded
17-10-1994
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
30
Who signs
The sole director
Purpose
“Het ontwerpen en de ontwikkeling van specifieke ombouw- en goederenbehandelingssystemen…” (deed in Dutch)
Go to Articles of association

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