BICO
InactiveInactive since 25-08-2026; last annual accounts for fiscal year 2025. Dissolved without liquidation; books and records kept by STEIGERS INVEST NV.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
2 d early
2023
6 d early
2022
1 d early
2021
28 d late
2020
39 d early
2019
42 d early
← 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 15 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
What became of the directors' other companies?Director track record Who ran this company, and where was it based, on a date before the end?Company as of a date Which other companies belong to the same group?Vybros Capital Partners · 56 companies How is the Other specialised construction activities sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€4.1m▲ 3,746%
2024 · €106,230
Total assets
€4.3m▲ 1,042%
2024 · €374,532
Net result
€4.0m▲ 210,105%
2024 · €1,893
Working capital
€201,949▲ 180%
2024 · €72,088
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€26,309▼ 59.7%€8,490▼ 67.7%€9,525▲ 12.2%€8,676▼ 8.9%€43,917▲ 406%
Net result€14,844▼ 73.8%€6,203▼ 58.2%€5,636▼ 9.1%€1,893▼ 66.4%€4.0m▲ 210,105%
Equity€92,498▲ 19.1%€98,701▲ 6.7%€104,337▲ 5.7%€106,230▲ 1.8%€4.1m▲ 3,746%
Total assets€312,643▲ 14.9%€335,791▲ 7.4%€334,809▼ 0.3%€374,532▲ 11.9%€4.3m▲ 1,042%
Debt€220,145▲ 13.2%€237,090▲ 7.7%€230,472▼ 2.8%€268,302▲ 16.4%€192,761▼ 28.2%
Working capital-€437▲ 85.3%€11,933€30,946▲ 159%€72,088▲ 133%€201,949▲ 180%
Staff (FTE)00
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2025 Net result +210,105% on 2024. This fiscal year ran 18 months, the previous one 12. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 406% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.3m
Fixed assets
€4.1m ▲ 1,510%
Current assets
€218,986 ▲ 78.9%
Equity and liabilities €4.3m
Equity
€4.1m ▲ 3,746%
Debt
€192,761 ▼ 28.2%
Debt's share of the balance-sheet total falls from 71.6% to 4.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€43,917▲
2024 · €14,521
Cash flow
€4.0m▲
2024 · €7,738
Current ratio
12.85▲
2024 · 2.43
Debt to equity
0.05▼
2024 · 2.53
ROE
97.4%▲
2024 · 1.8%
ROA
93.0%▲
2024 · 0.5%
Interest coverage
2.57▲
2024 · 1.88
Debt ≤ 1 year
€17,037▼
2024 · €50,302
Debt > 1 year
€175,000▼
2024 · €218,000
Income taxes
€7,194
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,387 | €5,620 | €11,240 | €5,845 | €0 | ▼ 100% |
| Other operating charges640/8 | - | €908 | €1,545 | €662 | €1,321 | ▲ 99.5% |
| Gross operating margin9900 | €29,550 | €15,018 | €22,310 | €15,183 | €45,237 | ▲ 198% |
| Operating profit (loss)9901 | €26,309 | €8,490 | €9,525 | €8,676 | €43,917 | ▲ 406% |
| Financial income75/76B | - | - | - | €921 | €4.0m | ▲ 429,816% |
| Recurring financial income75 | - | - | - | €921 | €101 | ▼ 89.0% |
| Non-recurring financial income76B | - | - | - | - | €4.0m | - |
| Financial charges65/66B | - | €2,287 | €3,889 | €7,704 | €17,062 | ▲ 121% |
| Recurring financial charges65 | €11,465 | €2,287 | €3,889 | €7,704 | €17,062 | ▲ 121% |
| Profit (loss) for the period before taxes9903 | €14,844 | €6,203 | €5,636 | €1,893 | €4.0m | ▲ 210,485% |
| Income taxes67/77 | - | - | - | - | €7,194 | - |
| Profit (loss) for the period9904 | €14,844 | €6,203 | €5,636 | €1,893 | €4.0m | ▲ 210,105% |
| Profit (loss) for the period to be appropriated9905 | €14,844 | €6,203 | €5,636 | €1,893 | €4.0m | ▲ 210,105% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €312,643 | €335,791 | €334,809 | €374,532 | €4.3m | ▲ 1,042% |
| Fixed assets21/28 | €273,606 | €267,986 | €256,747 | €252,142 | €4.1m | ▲ 1,510% |
| Tangible fixed assets22/27 | €25,713 | €20,093 | €8,853 | €4,248 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €20,093 | €8,853 | €4,248 | €0 | ▼ 100% |
| Financial fixed assets28 | €247,894 | €247,894 | €247,894 | €247,894 | €4.1m | ▲ 1,537% |
| Current assets29/58 | €39,037 | €67,804 | €78,062 | €122,390 | €218,986 | ▲ 78.9% |
| Amounts receivable within one year40/41 | €28,357 | €65,620 | €76,355 | €98,695 | €212,678 | ▲ 115% |
| Trade receivables40 | - | €65,620 | €76,355 | €98,695 | €118,710 | ▲ 20.3% |
| Other amounts receivable41 | - | €0 | - | - | €93,968 | - |
| Cash at bank and in hand54/58 | €10,680 | €2,184 | €1,707 | €23,695 | €6,308 | ▼ 73.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €312,643 | €335,791 | €334,809 | €374,532 | €4.3m | ▲ 1,042% |
| Equity10/15 | €92,498 | €98,701 | €104,337 | €106,230 | €4.1m | ▲ 3,746% |
| Contributions10/11 | - | €65,851 | €65,851 | €65,851 | €65,851 | = |
| Reserves13 | €3,347 | €32,850 | €38,486 | €40,379 | €4.0m | ▲ 9,855% |
| Non-distributable reserves130/1 | - | €3,347 | €3,347 | €3,347 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | €0 | - | - | €0 | - |
| Other1319 | - | €3,347 | €3,347 | €3,347 | - | - |
| Distributable reserves133 | - | €29,503 | €35,139 | €37,032 | €4.0m | ▲ 10,754% |
| Profit (loss) carried forward14 | €23,301 | €0 | - | - | - | - |
| Amounts payable17/49 | €220,145 | €237,090 | €230,472 | €268,302 | €192,761 | ▼ 28.2% |
| Amounts payable after more than one year17 | €178,064 | €178,612 | €183,000 | €218,000 | €175,000 | ▼ 19.7% |
| Financial debts170/4 | - | €178,612 | €183,000 | €218,000 | €175,000 | ▼ 19.7% |
| Amounts payable within one year42/48 | €39,474 | €55,871 | €47,116 | €50,302 | €17,037 | ▼ 66.1% |
| Current portion of amounts payable after more than one year42 | - | €9,452 | €5,612 | - | - | - |
| Trade debts44 | €3,578 | €19,409 | €15,000 | €23,078 | €6,510 | ▼ 71.8% |
| Suppliers440/4 | - | €19,409 | €15,000 | €23,078 | €6,510 | ▼ 71.8% |
| Taxes, remuneration and social security45 | - | €1,003 | €497 | €1,217 | €10,021 | ▲ 723% |
| Taxes450/3 | - | €1,003 | €497 | €1,217 | €10,021 | ▲ 723% |
| Other amounts payable47/48 | - | €26,007 | €26,007 | €26,007 | €507 | ▼ 98.1% |
| Accrued charges and deferred income492/3 | - | €2,607 | €356 | - | €724 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,844 | €6,203 | €5,636 | €1,893 | €4.0m | ▲ 210,105% |
| + Depreciation and write-downs630 | €2,387 | €5,620 | €11,240 | €5,845 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €17,231 | €11,823 | €16,876 | €7,738 | €4.0m | ▲ 51,324% |
| Investment in fixed assets (approximation) | - | €0 | -€1 | -€1,240 | -€3.8m | ▼ 306,920% |
| Change in cash | - | -€8,496 | -€477 | €21,988 | -€17,387 | ▼ 179% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
01-09
State Gazette act
Restructuring · End & cessationResignations: NOVA STATERA BV, VCP GP BV and VYBROSCAFF BV · Declaration · Demerger46 facts ▸
State Gazette act
Restructuring · End & cessation
Resignations: NOVA STATERA BV, VCP GP BV and VYBROSCAFF BV · Declaration · Demerger46 facts ▸
- General meeting, 31-07-2026
- Other statement, waiver of detailed written demerger report by management body, artikel 12:77, 2de lid WV
- Other statement, waiver of written report on demerger proposal by auditor or certified accountant, artikel 12:78 in fine WVV
- Other statement, waiver of detailed written merger report by management body, artikel 12:38 in fine WVV
- Other statement, waiver of written report on merger proposal by auditor or certified accountant, artikel 12:39 in fine WVV
- General meeting, unanimous, waiver of reading of demerger and merger proposal
- Declaration, shareholders declare to have been able to obtain a copy of the proposal free of charge
- General meeting, unanimous, waiver of reading of special report of management body of STEIGERS INVEST NV regarding capital increase by contribution in kind
- Declaration, shareholders declare to have been able to obtain a copy of the special report free of charge
- General meeting, unanimous, waiver of reading of special report of statutory auditor of STEIGERS INVEST NV regarding capital increase by contribution in kind
- Demerger, partial demerger, artikelen 12:8, 1° en 12:59 tot en met 12:73 WVV
- General meeting, waiver of reading of reports by director and statutory auditor on contribution in kind, valuation methods and consideration
- +34 further facts in this act
26-06
State Gazette act
RestructuringProposal · Demerger · Merger12 facts ▸
State Gazette act
Restructuring
Proposal · Demerger · Merger12 facts ▸
- Proposal, 17-06-2026
- Demerger, partielle splitsing, 582612
- Merger, fusie door overneming, 135763
- Accounting effect, 01-01-2026
- Accounting effect, 01-01-2026
- Net-asset statement, 31-12-2025
- Net-asset statement, 31-12-2025
- Asset transfer, 31-12-2025
- Liability transfer, 31-12-2025
- Equity transfer, 31-12-2025
- Notary designation, Thomas Dusselier, standplaats Knokke-Heist (of enige andere notaris met standplaats in het Vlaams Gewest)
- Cross holding provision, Op moment van de Fusie zal de Overnemende Vennootschap aandelen bezitten in de Over te Nemen Vennootschap (verkregen via de Partiële Splitsing); er zullen geen…
16-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2019net €4.0m ▲210,105%
Net result €4.0m, the highest in the series.
31-12
Financial
Liquidity times 5current ratio 12.85
Current ratio from 2.43 to 12.85; short-term debt falls from €50,302 to €17,037.
31-12
Financial
Equity above €2mEq €4.1m ▲3,746%
6 profitable years in a row build equity to €4.1m.
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Equity above €100,000Eq €104,337 ▲5.7%
4 profitable years in a row build equity to €104,337.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2020
23-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
30-06
Financial
Back to profitnet €56,584
Net result €56,584 after one loss-making year.
2019
20-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
14-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
15-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
16-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 2 have been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
5 of this company's 7 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Temse
Ground area
1.1 ha
Building footprint
1,809 m²
Parcel 46025B0518/00C000, Flanders. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46025B0518/00C000 | Flanders | 1.1 ha | 1 · 1,809 m² | - |
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.
Mandate history
3 people since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| NOVA STATERA |
|
| VCP GP |
|
| VYBROSCAFF |
|
Articles of association
Other statement
Verantwoordelijkheid van de commissaris betreffende de inbreng in natura en de uitgifte van aandelen
29-07-2026
Alle activa en passiva die er betrekking op hebben, Regeling van de inbreng
Activa en passiva die betrekking hebben op de ingebrachte goederen, Overdracht van de eigendom en van het genot
Beschrijving van het overgedragen vermogen, tenzij deze specifiek betrekking hebben op de door de af te splitsen vennootschap aan de overnemende vennootschap ov…
Staat van het overgedragen vermogen - waarborgen, goederen worden overgedragen in de staat waarin ze zich momenteel bevinden
Alle gewone of buitengewone lasten die de ingebrachte goederen en rechten bezwaren of zullen kunnen bezwaren, Overdracht van de lasten
Overgedragen schuldvorderingen, niet beïnvloed door de onderhavige verrichting
Overgedragen schulden, op de vervaldagen die zijn overeengekomen
Overgedragen verbintenissen, alle contracten en verbintenissen naleven en uitvoeren
Kosten, alle kosten, erelonen, belastingen en lasten ten gevolge van de onderhavige inbreng zijn ten laste van de verkrijgende vennootschap
Overige bestanddelen van het overgenomen vermogen
Optierechten en huurovereenkomsten, de notaris is ontslagen van de beschrijving van de goederen en voorwaarden van de optierechten in de akte
Intellectuele eigendom en geschillen, het bestuursorgaan van de overnemende vennootschap vervult de nodige formaliteiten voor tegenwerpbaarheid erga omnes
Schuldvorderingen en zekerheden, de schuldvorderingen in het voordeel van de overgenomen vennootschap en deze bestaande ten laste van de overgenomen vennootscha…
De overnemende vennootschap treedt in de rechten en plichten van de overgenomen vennootschap verbonden aan haar handelszaak, pand op handelszaak
Alle activa- en passivabestanddelen van de overgenomen vennootschap, eigendom en genot
Alle lopende overeenkomsten die de overgenomen vennootschap heeft aangegaan, evenals de intellectuele eigendom van de overgenomen vennootschap met alle daaraan…
Zekerheden en handelszaak, de overnemende vennootschap treedt in de rechten en plichten van de overgenomen vennootschap verbonden aan haar handelszaak
8 more provisions on this in the deed
Accounting effect
01-01-2026
Structure & network
Part of the group
Vybros Capital Partners
56 companies
Group, risk and exposure
Owners and holdings
2 owners · 1 holdingChain of control
Highest known parent: Vybros Capital Partners. The sources do not say who stands above it.
Owners 2
- JEDYparentSourceaccounts JEDY 202562.93%
-
37.04%
Holdings 1
-
34.8%
According to the 2025 annual accounts of BICO and those 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.
Acquisitions and mergers
2 transactionsTaken over by:STEIGERS INVEST NV
Split off to:STEIGERS INVEST NV
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 01-09-2026 ↗
- VYBROSCAFF BV (BE 1019.046.168) enige aandeelhouder · 873,245 shares
- VERSPREET Arne 100,000 shares
- ARSA CONSTRUCT 22,565 shares
- DEBIE CONSTRUCT 22,565 shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 01-09-2026 Capital stated in the act · 42,158.84 EUR · 1,018,375 shares
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,420. 1,184 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-11-1998
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0464511224
Registered
27-03-2026
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.