Answer
We can conclude that there is no $net$ force on the object. But this does not mean that there are no forces acting on it (there can be forces which "cancel out").
Work Step by Step
If there is no net force acting on the object, that means that there must be no acceleration, since force is proportional to the acceleration of the object. Since there is no acceleration, the object is traveling at a constant velocity. It can be concluded that an object traveling at a constant velocity has no net force being acted upon it.
