BIO PRODUCT
InactiveBIO PRODUCT was declared bankrupt on 05-12-2022 (Tribunal de l’entreprise du Brabant wallon); the bankruptcy was closed by liquidation by judgment of 09-01-2025, published in the Belgian State Gazette on 16-01-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline25-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 10-08-2022, 10 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
10 d late
2020
30 d late
2019
89 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€-374k▼ 11.6%
2020 · €-335k
2018: €-407klowest in 4 years
2019: €-369k▲ +9.2% vs 2018
2020: €-335k▲ +9.2% vs 2019highest in 4 years
2021: €-374k▼ -11.6% vs 2020
2018 → 2021
Total assets
€133k▼ 22.2%
2020 · €171k
2018: €227khighest in 4 years
2019: €194k▼ -14.7% vs 2018
2020: €171k▼ -12.0% vs 2019
2021: €133k▼ -22.2% vs 2020lowest in 4 years
2018 → 2021
Net result
€-39k
2020 · €34k
2018: €13k
2019: €38k▲ +198% vs 2018highest in 4 years
2020: €34k▼ -9.5% vs 2019
2021: €-39k▼ -214% vs 2020lowest in 4 years
2018 → 2021
Working capital
€-358k▼ 34.6%
2020 · €-266k
2018: €-213khighest in 4 years
2019: €-229k▼ -7.2% vs 2018
2020: €-266k▼ -16.2% vs 2019
2021: €-358k▼ -34.6% vs 2020lowest in 4 years
2018 → 2021
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€-407k-€-369k▲ 9.2%€-335k▲ 9.2%€-374k▼ 11.6%
2018: €-407klowest in 4 years
2019: €-369k▲ +9.2% vs 2018
2020: €-335k▲ +9.2% vs 2019highest in 4 years
2021: €-374k▼ -11.6% vs 2020
Operating result€21k-€44k▲ 104%€43k▼ 0.5%€-31k
2018: €21k
2019: €44k▲ +104% vs 2018highest in 4 years
2020: €43k▼ -0.5% vs 2019
2021: €-31k▼ -172% vs 2020lowest in 4 years
Net result€13k-€38k▲ 198%€34k▼ 9.5%€-39k
2018: €13k
2019: €38k▲ +198% vs 2018highest in 4 years
2020: €34k▼ -9.5% vs 2019
2021: €-39k▼ -214% vs 2020lowest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €31k after €43k in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €133k
Fixed assets
€67k ▼ 24.0%
Current assets
€66k ▼ 20.4%
Key figures and ratios
EBITDA
€-9k▼
2020 · €62k
Cash flow
€-17k▼
2020 · €52k
Solvency
-282.0%▼
2020 · -196.5%
Current ratio
0.15▼
2020 · 0.24
Quick ratio
0.05▼
2020 · 0.11
Debt to equity
-1.35▼
2020 · -0.45
ROA
-29.3%▼
2020 · 19.9%
Interest coverage
-1.33
Debt
€507k▲
2020 · €506k
Debt ≤ 1 year
€423k▲
2020 · €348k
Debt > 1 year
€68k▼
2020 · €151k
Income taxes
€385▲
2020 · €190
Staff costs
€109k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 48 lines
Balance sheet
Code20202021
Assets
Total assets20/58€171k€133k▼
Fixed assets21/28€88k€67k▼
Intangible fixed assets21€8k€7k▼
Tangible fixed assets22/27€71k€51k▼
Plant, machinery and equipment23-€2k
Furniture and vehicles24-€18k
Other tangible fixed assets26-€30k
Financial fixed assets28€10k€10k=
Current assets29/58€82k€66k▼
Stocks and contracts in progress3€45k€46k▲
Stocks30/36-€46k
Amounts receivable within one year40/41€25k€7k▼
Trade receivables40-€7k
Cash at bank and in hand54/58€8k€11k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€171k€133k▼
Equity10/15€-335k€-374k▼
Contributions10/11€62k€62k=
Capital10-€62k
Issued capital100-€62k
Profit (loss) carried forward14€-397k€-436k▼
Amounts payable17/49€506k€507k▲
Amounts payable after more than one year17€151k€68k▼
Financial debts170/4-€68k
Amounts payable within one year42/48€348k€423k▲
Current portion of amounts payable after more than one year42-€16k
Trade debts44€289k€354k▲
Suppliers440/4-€354k
Advances received on contracts in progress46-€12k
Taxes, remuneration and social security45-€16k
Taxes450/3-€735
Remuneration and social security454/9-€15k
Other amounts payable47/48-€26k
Accrued charges and deferred income492/3-€15k
Income statement
Code20202021
Remuneration, social security and pensions62-€109k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€22k▲
Other operating charges640/8-€3k
Gross operating margin9900€185k€103k▼
Operating profit (loss)9901€43k€-31k▼
Recurring financial income75€0-
Financial charges65/66B-€7k
Recurring financial charges65€9k€7k▼
Profit (loss) for the period before taxes9903€34k€-38k▼
Income taxes67/77€190€385▲
Profit (loss) for the period9904€34k€-39k▼
Profit (loss) for the period to be appropriated9905€34k€-39k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-436k
Profit (loss) brought forward from the previous period14P-€-397k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €109k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €13k | €19k | €22k | ▲ 18.6% |
| Other operating charges640/8 | - | - | - | €3k | - |
| Gross operating margin9900 | €123k | €169k | €185k | €103k | ▼ 44.0% |
| Operating profit (loss)9901 | €21k | €44k | €43k | €-31k | ▼ 172% |
| Recurring financial income75 | €216 | €95 | €0 | - | - |
| Financial charges65/66B | - | - | - | €7k | - |
| Recurring financial charges65 | €9k | €7k | €9k | €7k | ▼ 22.9% |
| Profit (loss) for the period before taxes9903 | €13k | €38k | €34k | €-38k | ▼ 213% |
| Income taxes67/77 | €0 | €115 | €190 | €385 | ▲ 102% |
| Profit (loss) for the period9904 | €13k | €38k | €34k | €-39k | ▼ 214% |
| Profit (loss) for the period to be appropriated9905 | €13k | €38k | €34k | €-39k | ▼ 214% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €227k | €194k | €171k | €133k | ▼ 22.2% |
| Fixed assets21/28 | €85k | €78k | €88k | €67k | ▼ 24.0% |
| Intangible fixed assets21 | €10k | €9k | €8k | €7k | ▼ 16.7% |
| Tangible fixed assets22/27 | €65k | €59k | €71k | €51k | ▼ 28.2% |
| Plant, machinery and equipment23 | - | - | - | €2k | - |
| Furniture and vehicles24 | - | - | - | €18k | - |
| Other tangible fixed assets26 | - | - | - | €30k | - |
| Financial fixed assets28 | €10k | €10k | €10k | €10k | = |
| Current assets29/58 | €142k | €116k | €82k | €66k | ▼ 20.4% |
| Stocks and contracts in progress3 | €68k | €56k | €45k | €46k | ▲ 1.5% |
| Stocks30/36 | - | - | - | €46k | - |
| Amounts receivable within one year40/41 | €48k | €45k | €25k | €7k | ▼ 72.2% |
| Trade receivables40 | - | - | - | €7k | - |
| Cash at bank and in hand54/58 | €19k | €14k | €8k | €11k | ▲ 27.3% |
| Deferred charges and accrued income490/1 | - | - | - | €2k | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €227k | €194k | €171k | €133k | ▼ 22.2% |
| Equity10/15 | €-407k | €-369k | €-335k | €-374k | ▼ 11.6% |
| Contributions10/11 | €62k | €62k | €62k | €62k | = |
| Capital10 | - | - | - | €62k | - |
| Issued capital100 | - | - | - | €62k | - |
| Profit (loss) carried forward14 | €-469k | €-431k | €-397k | €-436k | ▼ 9.8% |
| Amounts payable17/49 | €634k | €563k | €506k | €507k | ▲ 0.2% |
| Amounts payable after more than one year17 | €278k | €218k | €151k | €68k | ▼ 55.0% |
| Financial debts170/4 | - | - | - | €68k | - |
| Amounts payable within one year42/48 | €356k | €345k | €348k | €423k | ▲ 21.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €16k | - |
| Trade debts44 | €275k | €287k | €289k | €354k | ▲ 22.6% |
| Suppliers440/4 | - | - | - | €354k | - |
| Advances received on contracts in progress46 | - | - | - | €12k | - |
| Taxes, remuneration and social security45 | - | - | - | €16k | - |
| Taxes450/3 | - | - | - | €735 | - |
| Remuneration and social security454/9 | - | - | - | €15k | - |
| Other amounts payable47/48 | - | - | - | €26k | - |
| Accrued charges and deferred income492/3 | - | - | - | €15k | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13k | €38k | €34k | €-39k | ▼ 214% |
| + Depreciation and write-downs630 | €13k | €13k | €19k | €22k | ▲ 18.6% |
| Operating cash flow (approximation) | €25k | €51k | €52k | €-17k | ▼ 132% |
| Investment in fixed assets (approximation) | - | €-6k | €-29k | €-767 | ▲ 97.3% |
| Change in cash | - | €-6k | €-6k | €2k | ▲ 141% |
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
2025
16-01
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise du Brabant wallon · event 09-01-2025
2022
09-12
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · event 05-12-2022
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
31-12
Financial
Weakest financial yearnet €-39k
Net result drops to €-39k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
31-12
Financial
Highest result since 2018net €38k ▲198%
Operating result €44k, net result €38k, both a record.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
11-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 11 days late
2015
10-12
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 132 days late
2014
05-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
08-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 8 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GERARD LEPLAT CHAUSSEE DE LOUVAIN 241,
1410 WATERLOO |
05-12-2022 → 09-01-2025 |