Bedal International

Active

Public limited companyfounded 2011active for 14 yearsAgoralaan Abis, 3590 Diepenbeek, Belgium15 active companies are registered at this addressKBO/BCE: BE 0841.685.826

Summary

The annual accounts of Bedal International for financial year 2025 show a net loss of 66% of total assets. The 2025 annual accounts show equity of €3.5m and a net result of -€3.0m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 71% of 239 sector peers (NACE 72, financial year 2025). The company has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.6% (low).

Risk analysisFollow Report Compare

Bedal InternationalActiveChecked score 55/100

Risk analysis Report Compare

Activity

Other research and development on natural sciences

NACE 72109Wholesale of pharmaceutical and medical goods NACE 46460

5th largest company by equity in Limburg, Research and development sector1 site

Size

€4.5mtotal assets 2025

Staff: 9 FTE
Equity: €3.5m
Loss: -€3.0m

Financial health

55 Fair Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.6%

Structure

Largest shareholder: F3 Finance PE I · 25.55%
Board: 8 members
Holdings: 1

Maddoc Medical Products, Inc.Managing director · permanent representative Steve Bierman

Auditor: Finvision Bedrijfsrevisoren2025 accounts 18 days early

Why 55raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €3.0m, the second in a row (financial year 2025)lowers riskFigures for financial year 2025 (filed 13-07-2026)Equity €3.5m (78.2% of total assets)Legal form: public limited companyShow the evidence

Checked score

Score 2025

55 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 38% of its sector peers (NACE 72, micro)

A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Average

Solvency 100=

equity 78.2% of total assets

Liquidity 55-8

short-term debt 19.5% · cash 8.4%

Profitability 0=

return on assets -65.7%

Bankruptcy probability, 12 months

0.6% Low

0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (935 companies, NACE 72, micro)

Last 24 months 11-2024: 2.4% 12-2024: 2.4%● unchanged vs 11-2024 01-2025: 2.4%● unchanged vs 12-2024 02-2025: 2.5%▲ +0.1 percentage points vs 01-2025 03-2025: 2.8%▲ +0.3 percentage points vs 02-2025 04-2025: 2.9%▲ +0.1 percentage points vs 03-2025 05-2025: 2.9%● unchanged vs 04-2025 06-2025: 3.1%▲ +0.2 percentage points vs 05-2025 07-2025: 3.2%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.4%▼ -2.8 percentage points vs 07-2025lowest value 09-2025: 0.4%● unchanged vs 08-2025lowest value 10-2025: 0.4%● unchanged vs 09-2025lowest value 11-2025: 0.4%● unchanged vs 10-2025lowest value 12-2025: 0.4%● unchanged vs 11-2025lowest value 01-2026: 0.4%● unchanged vs 12-2025lowest value 02-2026: 0.4%● unchanged vs 01-2026lowest value 03-2026: 0.4%● unchanged vs 02-2026lowest value 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.5%▲ +0.1 percentage points vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 0.6%▲ +0.1 percentage points vs 07-2026 09-2026: 0.6%● unchanged vs 08-2026 10-2026: 0.6%● unchanged vs 09-2026

Credit of up to €190,000 on 30-day terms, only on tighter conditions

Net loss of at least half of total assets or of the equity at the start of the financial year.

Liquidity ample (current ratio 2.17, compared with 14.21 in 2024, above the usual 1.5; short-term debt: 19.5% and cash: 8.4% of total assets), and 21.8% 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 72, micro): better than 83% on solvency, 41% on liquidity, 10% on profitability and 17% on growth.

The bankruptcy probability was computed on 30-10-2026 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

Six signals.

lowers riskraises riskneutral

Loss of €3.0m, the second in a row (financial year 2025)

NBB · annual accounts

Figures for financial year 2025 (filed 13-07-2026)

NBB · annual accounts

Equity €3.5m (78.2% of total assets)

NBB · annual accounts

Legal form: public limited company

KBO

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

1819202122232425

2018 to 2025 · latest year -€3.0m

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

18 days early

2024

22 days early

2023

7 days early

2022

25 days late

2021

on the day

2020

9 days late

2019

69 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 8 days after the deadline; the sector median (NACE 72) for financial year 2024 is 13 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 July (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

31-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

13-07-2026 Annual accounts filedfinancial year 2025 · full…
05-02-2026 Permanent representative: Stijn De PrinsApproval · Capital increase ·…
05-12-2025 Appointments: Oak+ Management SRL (director) and…Permanent representatives: Sigrid Willame and…

Key points

Risk: 8 loss-making years in a rowloss financial year 2025 -€3.0m View
Caution: Among the weakest 14% on net resultsector median €3,198 · 237 companies -€3.0m View
Caution: Equity fell in 2025from €6.5m to €3.5m ▼ 45.6% View
Flemish supportawarded from 2022 to 2025 €440,508 View
New directorlatest change 05-12-2025 · 8 in office 1 joined View

By topic

Financials

Financial year: 2025
Total assets: €4.5m
Loss: -€3.0m
Solvency: 78.2%

Total assets▼ 35.1%

Net result

20182025

Go to Financials

Board & ownership

Board: 8 members
Largest shareholder: F3 Finance PE I · 25.55%
Auditor: Finvision Bedrijfsrevisoren

BAM CONSULTDirector
BAM CONSULTDirector
DEVIANTDirector
F³ Finance PE IDirector
LRM BeheerDirector

and 3 other directors

Go to Board & ownership

Network & group

Subsidiaries: 1
Connected companies: 13

1 subsidiary

Go to Network & group

Timeline

Events: 36
Since: 2011
Next accounts: by 31-07-2027

08-08-2025Appointments: ВАМ СONSULT (director) and BAM CONSULT…
09-07-2025Annual accounts filed
31-12-2024Weakest financial year

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Other research and development on natural sciencesNACE 72109
Founded: 30-11-2011
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 15

Annual meeting: First Monday of May at 10:00
Purpose: “Het onderzoeken,analyseren,ontwerpen,ontwikkelen,vervaardigen en vermarkten van…” (deed in Dutch)

Go to Articles of association

Key facts about Bedal International

What is the company number of Bedal International?: 0841.685.826. In Belgium the VAT number is the company number with BE in front: BE 0841.685.826.
Where is Bedal International based?: The registered office is at Agoralaan Abis, 3590 Diepenbeek.Company details
What does Bedal International do?: According to the KBO register, the main activity is other research and development on natural sciences (NACE 72109).
What is the legal form of Bedal International?: Public limited company (NV).
When was Bedal International founded?: On 30-11-2011.
Is Bedal International still active?: Yes, Bedal International is an active enterprise in the KBO register.
How many employees does Bedal International have?: On average 9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Bedal International?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is Bedal International profitable?: In financial year 2025, Bedal International made a loss of €3.0m.
Where can I find the annual accounts of Bedal International?: Bedal International filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Bedal International due?: By 31-07-2027, for financial year 2026.Timeline