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BETA - CELL

Active
Public limited companyfounded 199827 yrs activeAgoralaan A Bis, 3590 Diepenbeek, BelgiumKBO/BCE: BE 0465.030.668
Summary

BETA - CELL has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€6.1m) and a net result of -€139,294. Equity is shrinking by ~11.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 269 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2025
44 / 100
Weak
Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability46▼-54
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 5.84 against 4.84 in 2024; short-term debt: 14.5% and cash: 0.6% of total assets), but equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 20
Relative position
BE, all sectors
reference
Manufacture of chemicals and chemical products (NACE 20)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Return on assets
-42.2%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 27 years 0 30 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€6.1m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
17 d early
2024
30 d early
2023
7 d early
2022
42 d early
2021
8 d late
2020
6 d late
2019
61 d 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 3 days before the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 30 December 1998, BETA - CELL was incorporated.1 Total assets went from EUR 650,929 in 2018 to EUR 330,384 in 2025 and headcount from 7.8 to 0.1 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€139,294
2024 · €381,187
Working capital
€232,220▼ 14.7%
2024 · €272,172
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€804,532▼ 36.9%-€298,395▲ 62.9%-€307,376▼ 3.0%€371,366-€143,492
Net result-€1.3m▼ 133%-€607,648▲ 54.1%-€636,753▼ 4.8%€381,187-€139,294
Equity-€5.1m▼ 35.4%-€5.7m▼ 12.0%-€6.3m▼ 11.2%-€5.9m▲ 6.0%-€6.1m▼ 2.3%
Total assets€444,037▼ 0.4%€356,290▼ 19.8%€419,046▲ 17.6%€412,572▼ 1.5%€330,384▼ 19.9%
Debt€5.5m▲ 31.6%€6.0m▲ 9.4%€6.7m▲ 11.6%€6.3m▼ 5.8%€6.4m▲ 0.9%
Working capital€138,445▲ 100%€70,027▼ 49.4%€166,372▲ 138%€272,172▲ 63.6%€232,220▼ 14.7%
Staff (FTE)4.8▼ 4.0%4.7▼ 2.1%4.7=1.9▼ 59.6%0.1▼ 94.7%
Why a figure moved sharply
  • 2022 Net result +54% on 2021. Cause not known from the registers.
  • 2021 Net result -133% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
-€1.5m-€1.0m-€500,000€0€500,000Operating result 2021: -€804,532-€804,532Net result 2021: -€1.3m-€1.3mOperating result 2022: -€298,395-€298,395Net result 2022: -€607,648-€607,648Operating result 2023: -€307,376-€307,376Net result 2023: -€636,753-€636,753Operating result 2024: €371,366€371,366Net result 2024: €381,187€381,187Operating result 2025: -€143,492-€143,492Net result 2025: -€139,294-€139,29420212022202320242025-€1m-€500,000€0€500,000Operating result 2023: -€307,376-€307,000Net result 2023: -€636,753-€637,000Operating result 2024: €371,366€371,000Net result 2024: €381,187€381,000Operating result 2025: -€143,492-€143,000Net result 2025: -€139,294-€139,000202320242025
The operating result turns negative in 2025: a loss of €143,492 after €371,366 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €330,384
Fixed assets €50,187 ▼ 27.8%
Current assets €280,197 ▼ 18.3%
Key figures and ratios
2025 value · change against 2024
EBITDA
€5,812▼
2024 · €682,840
Cash flow
€10,010▼
2024 · €692,661
Current ratio
5.84▲
2024 · 4.84
Debt to equity
-1.05▲
2024 · -1.07
ROA
-42.2%▼
2024 · 92.4%
Interest coverage
5.57▼
2024 · 2707.21
Debt ≤ 1 year
€47,977▼
2024 · €70,871
Debt > 1 year
€4.8m▲
2024 · €4.7m
Income taxes
-€4,386▲
2024 · -€8,471
Staff costs
€10,200▼
2024 · €196,761
A ratio outside any meaningful range has been withheld (balance sheet total €330,384, equity -€6.1m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,640 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.

  • Micro
  • 20 years or older
  • negative equity
  • a loss of 10% of the balance sheet or more
4.1% went bankrupt
9.9% stopped otherwise
84% still going

A further 2.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 6,640 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet Code20242025
Assets
Total assets20/58€412,572€330,384▼
Fixed assets21/28€69,529€50,187▼
Intangible fixed assets21€25,753€18,000▼
Tangible fixed assets22/27€43,373€31,784▼
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€43,373€31,784▼
Financial fixed assets28€403€403=
Current assets29/58€343,043€280,197▼
Amounts receivable after more than one year29-€16,187
Trade receivables290-€16,187
Amounts receivable within one year40/41€257,857€219,237▼
Trade receivables40€112,596€151,656▲
Other amounts receivable41€145,261€67,581▼
Cash at bank and in hand54/58€43,242€1,974▼
Deferred charges and accrued income490/1€41,944€42,799▲
Equity and liabilities
Total equity and liabilities10/49€412,572€330,384▼
Equity10/15-€5.9m-€6.1m▼
Contributions10/11€11.0m€11.0m=
Capital10€11.0m€11.0m=
Issued capital100€11.0m€11.0m=
Reserves13€1.5m€1.5m=
Non-distributable reserves130/1€1.5m€1.5m=
Legal reserve130€58€58=
Reserves not available under the articles1311€1.5m€1.5m=
Profit (loss) carried forward14-€18.5m-€18.6m▼
Amounts payable17/49€6.3m€6.4m▲
Amounts payable after more than one year17€4.7m€4.8m▲
Financial debts170/4€4.7m€4.8m▲
Amounts payable within one year42/48€70,871€47,977▼
Trade debts44€69,110€46,722▼
Suppliers440/4€69,110€46,722▼
Taxes, remuneration and social security45€1,761€1,255▼
Taxes450/3€1,250€0▼
Remuneration and social security454/9€511€1,255▲
Accrued charges and deferred income492/3€1.6m€1.6m=
Income statement Code20242025
Non-recurring operating income76A€499,531€0▼
Remuneration, social security and pensions62€196,761€10,200▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€311,474€149,304▼
Other operating charges640/8€1,013€1,031▲
Gross operating margin9900€880,614€17,043▼
Operating profit (loss)9901€371,366-€143,492▼
Financial income75/76B€1,602€855▼
Recurring financial income75€1,602€855▼
Financial charges65/66B€252€1,043▲
Recurring financial charges65€252€1,043▲
Profit (loss) for the period before taxes9903€372,716-€143,680▼
Income taxes67/77-€8,471-€4,386▲
Profit (loss) for the period9904€381,187-€139,294▼
Profit (loss) for the period to be appropriated9905€381,187-€139,294▼
Appropriation of the result
Profit (loss) to be appropriated9906-€18.5m-€18.6m▼
Profit (loss) brought forward from the previous period14P-€18.8m-€18.5m▲
Social balance
Average headcount (FTE)90871.90.1▼

The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A--€40,382€499,531€0▼ 100%
Remuneration, social security and pensions62€331,294€332,408€377,387€196,761€10,200▼ 94.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€630,627€626,366€580,681€311,474€149,304▼ 52.1%
Other operating charges640/8€1,516€1,835€1,018€1,013€1,031▲ 1.8%
Gross operating margin9900€158,906€662,214€651,710€880,614€17,043▼ 98.1%
Operating profit (loss)9901-€804,532-€298,395-€307,376€371,366-€143,492▼ 139%
Financial income75/76B€525€12€113€1,602€855▼ 46.6%
Recurring financial income75€525€12€113€1,602€855▼ 46.6%
Financial charges65/66B€539,398€328,345€347,087€252€1,043▲ 314%
Recurring financial charges65€57€328,345€347,087€252€1,043▲ 314%
Non-recurring financial charges66B€539,341€0----
Profit (loss) for the period before taxes9903-€1.3m-€626,728-€654,350€372,716-€143,680▼ 139%
Income taxes67/77-€18,762-€19,080-€17,597-€8,471-€4,386▲ 48.2%
Profit (loss) for the period9904-€1.3m-€607,648-€636,753€381,187-€139,294▼ 137%
Profit (loss) for the period to be appropriated9905-€1.3m-€607,648-€636,753€381,187-€139,294▼ 137%
Line20212022202320242025Change
Assets
Total assets20/58€444,037€356,290€419,046€412,572€330,384▼ 19.9%
Fixed assets21/28€217,633€156,607€154,256€69,529€50,187▼ 27.8%
Intangible fixed assets21€183,153€128,904€74,654€25,753€18,000▼ 30.1%
Tangible fixed assets22/27€9,839€3,064€54,963€43,373€31,784▼ 26.7%
Plant, machinery and equipment23€5,414€2,061€0€0€0=
Furniture and vehicles24€4,426€1,003€54,963€43,373€31,784▼ 26.7%
Financial fixed assets28€24,640€24,640€24,640€403€403=
Current assets29/58€226,404€199,682€264,790€343,043€280,197▼ 18.3%
Amounts receivable after more than one year29----€16,187-
Trade receivables290----€16,187-
Amounts receivable within one year40/41€192,964€153,994€214,597€257,857€219,237▼ 15.0%
Trade receivables40€12,100€10,333€78,456€112,596€151,656▲ 34.7%
Other amounts receivable41€180,864€143,661€136,141€145,261€67,581▼ 53.5%
Cash at bank and in hand54/58€28,253€40,501€8,249€43,242€1,974▼ 95.4%
Deferred charges and accrued income490/1€5,187€5,187€41,944€41,944€42,799▲ 2.0%
Equity and liabilities
Total equity and liabilities10/49€444,037€356,290€419,046€412,572€330,384▼ 19.9%
Equity10/15-€5.1m-€5.7m-€6.3m-€5.9m-€6.1m▼ 2.3%
Contributions10/11€11.0m€11.0m€11.0m€11.0m€11.0m=
Capital10€11.0m€11.0m€11.0m€11.0m€11.0m=
Issued capital100€11.0m€11.0m€11.0m€11.0m€11.0m=
Reserves13€1.5m€1.5m€1.5m€1.5m€1.5m=
Non-distributable reserves130/1€1.5m€1.5m€1.5m€1.5m€1.5m=
Legal reserve130€58€58€58€58€58=
Reserves not available under the articles1311€1.5m€1.5m€1.5m€1.5m€1.5m=
Profit (loss) carried forward14-€17.6m-€18.2m-€18.8m-€18.5m-€18.6m▼ 0.8%
Amounts payable17/49€5.5m€6.0m€6.7m€6.3m€6.4m▲ 0.9%
Amounts payable after more than one year17€4.5m€4.7m€5.1m€4.7m€4.8m▲ 1.7%
Financial debts170/4€4.5m€4.7m€5.1m€4.7m€4.8m▲ 1.7%
Amounts payable within one year42/48€87,959€129,655€98,418€70,871€47,977▼ 32.3%
Trade debts44€50,757€97,035€50,568€69,110€46,722▼ 32.4%
Suppliers440/4€50,757€97,035€50,568€69,110€46,722▼ 32.4%
Taxes, remuneration and social security45€37,203€32,621€47,850€1,761€1,255▼ 28.7%
Taxes450/3-€14€4,828€1,250€0▼ 100%
Remuneration and social security454/9€37,203€32,607€43,022€511€1,255▲ 146%
Accrued charges and deferred income492/3€882,521€1.2m€1.6m€1.6m€1.6m=
Line20212022202320242025Change
Profit (loss) for the period9904-€1.3m-€607,648-€636,753€381,187-€139,294▼ 137%
+ Depreciation and write-downs630€630,627€626,366€580,681€311,474€149,304▼ 52.1%
Operating cash flow (approximation)-€694,016€18,719-€56,072€692,661€10,010▼ 98.6%
Investment in fixed assets (approximation)--€565,341-€578,330-€226,747-€129,962▲ 42.7%
Change in cash-€12,248-€32,252€34,993-€41,268▼ 218%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
14-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
01-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Back to profitnet €381,187
Net result €381,187 after 6 loss-making years.
24-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
19-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
08-08
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 8 days late
2021
06-08
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 6 days late
2020
31-12
Financial Liquidity doublescurrent ratio 1.82
Current ratio from 0.88 to 1.82; short-term debt falls from €151,305 to €84,308.
30-09
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 61 days late
2019
19-08
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 19 days late
2018
29-06
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
31-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 30 acts read
About the unread acts

We know of 30 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
30 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Diepenbeek · 1 establishment unit since 1999
seat establishment approximate The establishment unit on the map
Ground area
2.5 ha
Parcel 71011A0272/00F000, Flanders. Linked by address, not a title deed.
1 establishment unit
BETA - CELL
Agoralaan A bis, 3590 DiepenbeekNACE 3320203
since 19992.091.444.021
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71011A0272/00F000 Flanders 2.5 ha - -
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

2 owners

Chain of control

  1. TAMORCO 90.48%
  2. BETA - CELL

Highest known parent: TAMORCO. The sources do not say who stands above it.

Owners 2

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 106 companies in sector 20140 we hold annual accounts for 92. 34 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded30-12-1998
Fiscal year end31-12
Activities, NACEBEL 2025
20140Manufacture of chemicals and chemical products
72109Other research and development on natural sciences
E-invoicing
Reachable via Peppol
Peppol ID 0208:0465030668
Registered 23-01-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.