BICON
ActiveSummary
BICON has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€1.0m) and a net result of -€477,370. Equity has been shrinking by about 112% per year since 2019. Its solvency ranks better than 8% of 11,261 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 12-02-2019 Normal situation
- Activity
- Buying and selling of own real estate NACE 68110and 5 others
- Establishment unit
- 2.286.608.912 3800 Sint-Truiden, since 12-02-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 01-10-2025
Board and ownership
- HMCBASEDirector · permanent representative Hans Celis
- HMCBASE100%· score 9730-09-2025 annual accounts of HMCBASE
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.2%
- Gross margin
- -€396,789
- ▼ 193%
- Loss
- €477,370
- ▲ 133%
- Equity
- -€1.0m
- ▼ 83.5%
- Total assets
- €4.4m
- ▼ 64.2%
- Negative equity on 31-12-2025
- 2025 accounts filed 83 days after the deadline
Score breakdownraises riskCapped at 59: negative equityLast filed accounts filed 83 days late; 3 of the last 3 accounts lateLoss of €477,370, the second in a row (financial year 2025)Liquidity: current ratio 0.79, cash €33,848lowers riskSize: total assets €4.4mShow the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 68, small). It does better than 3% of them on solvency, 4% on liquidity, 2% on profitability and 6% on growth.
The bankruptcy probability was computed on 02-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 41 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 83 days after the deadline Filed on 22 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00566070.
Annual accounts 2025 filed on 22-10-2026 at the NBB all 7 filings
Every figure per financial year
The operating result for 2025 is a loss of €411,201, larger than the loss of €147,743 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €374,615 | - | - |
| Depreciation and write-downs of the year | - | - | - | €11,352 | €11,352 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €417 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | - | €11,352 | €11,352 | = |
| Other operating charges640/8 | - | - | €930 | €930 | €1,122 | €1,030 | €3,060 | ▲ 197% |
| Non-recurring operating charges66A | - | - | €24,607 | - | - | - | - | - |
| Gross operating margin9900 | -€11,502 | €223,270 | €152,984 | -€186,902 | -€187,798 | -€135,362 | -€396,789 | ▼ 193% |
| Operating profit (loss)9901 | -€11,849 | €222,860 | €127,446 | -€187,832 | -€188,920 | -€147,743 | -€411,201 | ▼ 178% |
| Financial income75/76B | - | - | €28 | €3,512 | - | €270 | €3 | ▼ 98.9% |
| Recurring financial income75 | €3 | €661 | €28 | €3,512 | - | €270 | €3 | ▼ 98.9% |
| Financial charges65/66B | - | - | €36,223 | €3,059 | €10,450 | €57,039 | €66,172 | ▲ 16.0% |
| Recurring financial charges65 | €49,060 | €32,690 | €36,223 | €3,059 | €10,450 | €57,039 | €66,172 | ▲ 16.0% |
| Profit (loss) for the period before taxes9903 | -€60,907 | €190,831 | €91,251 | -€187,379 | -€199,370 | -€204,512 | -€477,370 | ▼ 133% |
| Income taxes67/77 | - | - | €334 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€60,907 | €190,831 | €90,917 | -€187,379 | -€199,370 | -€204,512 | -€477,370 | ▼ 133% |
| Profit (loss) for the period to be appropriated9905 | -€60,907 | €190,831 | €90,917 | -€187,379 | -€199,370 | -€204,512 | -€477,370 | ▼ 133% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €2.9m | €3.6m | €2.1m | €3.8m | €7.7m | €12.4m | €4.4m | ▼ 64.2% |
| Fixed assets21/28 | - | - | - | - | €0.4m | €0.4m | €0.4m | ▼ 3.1% |
| Tangible fixed assets22/27 | - | - | - | - | €0.4m | €0.4m | €0.4m | ▼ 3.1% |
| Land and buildings22 | - | - | - | - | €0.4m | €0.4m | €0.4m | ▼ 3.1% |
| Current assets29/58 | €2.9m | €3.6m | €2.1m | €3.8m | €7.3m | €12.0m | €4.1m | ▼ 66.0% |
| Stocks and contracts in progress3 | €1.9m | €3.1m | €1.9m | €3.5m | €7.3m | €11.8m | €3.8m | ▼ 67.7% |
| Stocks30/36 | - | - | €1.9m | €3.5m | €7.3m | €11.8m | €3.8m | ▼ 67.7% |
| Amounts receivable within one year40/41 | €0.009m | €0.1m | €0.005m | €0.3m | €0.003m | €0.2m | €0.2m | ▲ 35.1% |
| Trade receivables40 | - | - | €0.005m | €0.3m | €0.001m | €0.2m | €0.2m | ▲ 37.5% |
| Other amounts receivable41 | - | - | - | - | €0.002m | €0.003m | €422 | ▼ 86.9% |
| Cash at bank and in hand54/58 | €1.0m | €0.4m | €0.2m | €0.04m | €0.03m | €0.01m | €0.03m | ▲ 144% |
| Deferred charges and accrued income490/1 | - | - | €0.004m | €0.02m | €0.02m | €0.01m | €0.001m | ▼ 92.5% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €2.9m | €3.6m | €2.1m | €3.8m | €7.7m | €12.4m | €4.4m | ▼ 64.2% |
| Equity10/15 | -€0.04m | €0.02m | €0.02m | -€0.2m | -€0.4m | -€0.6m | -€1.0m | ▼ 83.5% |
| Contributions10/11 | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Profit (loss) carried forward14 | -€0.06m | - | €0.001m | -€0.2m | -€0.4m | -€0.6m | -€1.1m | ▼ 80.9% |
| Amounts payable17/49 | €3.0m | €3.6m | €2.1m | €4.0m | €8.1m | €13.0m | €5.5m | ▼ 57.7% |
| Amounts payable after more than one year17 | - | - | - | - | - | - | €0.3m | - |
| Financial debts170/4 | - | - | - | - | - | - | €0.3m | - |
| Amounts payable within one year42/48 | €2.9m | €3.6m | €2.1m | €3.9m | €8.0m | €13.0m | €5.2m | ▼ 60.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | €0.01m | - |
| Financial debts43 | - | - | €0.7m | €1.2m | €2.8m | €1.4m | €1.3m | ▼ 11.7% |
| Credit institutions430/8 | - | - | €0.7m | €1.2m | €2.8m | €1.4m | €1.3m | ▼ 11.7% |
| Trade debts44 | €0.09m | €0.3m | €0.7m | €0.8m | €1.2m | €1.2m | €1.4m | ▲ 16.1% |
| Suppliers440/4 | - | - | €0.7m | €0.8m | €1.2m | €1.2m | €1.4m | ▲ 16.1% |
| Advances received on contracts in progress46 | - | - | - | €0.6m | €2.5m | €7.9m | €0.09m | ▼ 98.9% |
| Taxes, remuneration and social security45 | - | - | €0.03m | €0.04m | - | - | €0.1m | - |
| Taxes450/3 | - | - | €0.03m | €0.04m | - | - | €0.1m | - |
| Other amounts payable47/48 | - | - | €0.6m | €1.3m | €1.7m | €2.4m | €2.3m | ▼ 6.2% |
| Accrued charges and deferred income492/3 | - | - | €0.02m | €0.06m | €0.03m | €0.001m | €0.004m | ▲ 223% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€60,907 | €190,831 | €90,917 | -€187,379 | -€199,370 | -€204,512 | -€477,370 | ▼ 133% |
| + Depreciation and write-downs630 | - | - | - | - | - | €11,352 | €11,352 | = |
| Operating cash flow (approximation) | -€60,907 | €190,831 | €90,917 | -€187,379 | -€199,370 | -€193,160 | -€466,018 | ▼ 141% |
| Investment in fixed assets (approximation) | - | - | - | - | - | €0 | €0 | - |
| Change in cash | - | -€582,175 | -€137,890 | -€190,555 | -€12,777 | -€13,691 | €19,992 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 562 companies had the same profile as BICON has now. Two years later, 86.8% were still going and 7.1% had gone bankrupt.
- Small
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 1.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BICON itself is lower: 1.2% within 12 months. It rests on far more data about BICON than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 562 companies, not a prediction for BICON. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 22-10-2026 | 2026-00566070 | |
| 31-12-2024 | abbreviated format | 29-09-2025 | 2025-00509735 | |
| 31-12-2023 | abbreviated format | 30-09-2024 | 2024-00479924 | |
| 31-12-2022 | abbreviated format | 31-08-2023 | 2023-00389931 | |
| 31-12-2021 | abbreviated format | 08-07-2022 | 2022-20167276 | |
| 31-12-2020 | micro format | 09-07-2021 | 2021-33800155 | |
| 31-12-2019 | micro format | 04-11-2020 | 2020-68900476 |
Board & ownership
Directors
Board 1
Permanent representatives 1
Owners and capital
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| HMCBASE |
|
| BV IMMO RENO-SALE |
|
| BV OPZET |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Één of meer bestuurders, algemene vergadering die benoemt bepaalt aantal, duur, en indien meerdere, bevoegdheid”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Voor helft ten laste van overdrager en helft ten laste van koper(s), naar evenredigheid met verworven aantal bij meer dan één koper…”
Articles of association, deed of 28-02-2022 (in Dutch)
Network & group
Companies at the same address
7 other companies- HMCBASE Registered office · since 2021 0774676345
- CLAYSTONES Registered office · since 2021 0772601436
- MARIEKE Registered office · since 2018 0695485248
- L&C Buildings Registered office · since 2018 0693670358
- L&C IMMO Registered office · since 2012 0846583435
- IMMO RENO-SALE BVBA Registered office · since 2010 0824417153
- RENO-SALE Registered office · since 2004 0869940738
Connections & network
1 current directorThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Timeline
Acts, filings and financial milestones
28-02
Gazette deed
Amendment of the articles · Legal-form changePermanent representative: Hans CELIS · Capital · Incorporation21 points ▸
- Capital
- General meeting, 24-02-2022
- Incorporation, 08-02-2019
- Other provision, “samenstelling bureau, niet verder samengesteld wegens gering aantal aanwezigen” (deed in Dutch)
- Other provision, “aanwezigheid aandelen”, 600 (deed in Dutch)
- Director in office, HMCBASE (manager)
- Permanent representative, Hans CELIS
- Other provision, “afstand oproepingsformaliteiten en stukken, Wetboek van Vennootschappen en Verenigingen” (deed in Dutch)
- Other provision, “commissaris” (deed in Dutch)
- Other provision, “agenda buitengewone algemene vergadering, statuten aanpassen aan Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Other provision, “quorum en geldige beraadslaging” (deed in Dutch)
- Other provision, “geldige samenstelling en unanimiteit, met unanimiteit van stemmen” (deed in Dutch)
- The act holds 9 more points.
13-01
Gazette deed
1 director appointed, 2 directors resigningResignations: BV OPZET (director) and BV IMMO RENO-SALE (director) · Appointment: BV HMCBASE (director) · Permanent representative: Hans Celis7 points ▸
- General meeting, 21-12-2021
- Director resignation, BV OPZET (director)
- Director discharge, BV OPZET (director)
- Director resignation, BV IMMO RENO-SALE (director)
- Director discharge, BV IMMO RENO-SALE (director)
- Director appointment, BV HMCBASE (director)
- Permanent representative, Hans Celis
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0720.595.083
Financial year and general meeting
Accounts at the NBBEnvironmental permits
The 10 most recent of 12 applications.
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71353E1319/00C000 | Flanders | 2,322 m² | 1 · 1,196 m² | 4.0 m |