bio2clean
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 24 days after the deadline Filed on 24 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00429941.
Annual accounts 2025 filed on 24-08-2026 at the NBB all 10 filings
Turnover
≈ €110,000
Estimated: probably between €65,000 and €190,000
Total assets
€122,904▼ 18.4%
2024 · €150,629
Net result
€16,277▼ 9.6%
2024 · €18,009
Working capital
€64,988▲ 44.3%
2024 · €45,036
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€21,691
▲ 3.2%
2025
20182025
Net result
€16,277
▼ 9.6%
2025
middle half of the sector
20182025
Equity
€66,056
▲ 32.7%
2025
middle half of the sector
20182025
Total assets
€122,904
▼ 18.4%
2025
middle half of the sector
20182025
Debt
€56,847
▼ 43.6%
2025
20182025
Working capital
€64,988
▲ 44.3%
2025
middle half of the sector
20182025
Solvency
53.7%
▲ 20.7pp
2025
middle half of the sector
20182025
Current ratio
2.14
▲ 0.70
2025
middle half of the sector
20182025
Return on assets (ROA)
13.2%
▲ 1.3pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€7,626-€19,790▲ 160%€8,766▼ 55.7%-€3,663€8,974-€10,801€21,009€21,691▲ 3.2%
Net result€6,281-€13,841▲ 120%€6,373within the sector's middle half▼ 54.0%-€3,732within the sector's middle half€7,137within the sector's middle half-€10,869below the sector's middle half€18,009within the sector's middle half€16,277within the sector's middle half▼ 9.6%
Equity€16,633-€32,861▲ 97.6%€39,235within the sector's middle half▲ 19.4%€35,503within the sector's middle half▼ 9.5%€42,639within the sector's middle half▲ 20.1%€31,770within the sector's middle half▼ 25.5%€49,779within the sector's middle half▲ 56.7%€66,056within the sector's middle half▲ 32.7%
Total assets€18,390-€58,940▲ 221%€60,829below the sector's middle half▲ 3.2%€40,797below the sector's middle half▼ 32.9%€53,073below the sector's middle half▲ 30.1%€63,592within the sector's middle half▲ 19.8%€150,629within the sector's middle half▲ 137%€122,904within the sector's middle half▼ 18.4%
Debt€1,756-€26,079▲ 15×€21,595▼ 17.2%€5,294▼ 75.5%€10,434▲ 97.1%€31,823▲ 205%€100,850▲ 217%€56,847▼ 43.6%
Working capital€16,633-€30,322▲ 82.3%€34,645within the sector's middle half▲ 14.3%€32,179within the sector's middle half▼ 7.1%€40,583within the sector's middle half▲ 26.1%€23,235within the sector's middle half▼ 42.7%€45,036within the sector's middle half▲ 93.8%€64,988within the sector's middle half▲ 44.3%
Solvency90.4%-55.8%▼ 34.7pp64.5%within the sector's middle half▲ 8.7pp87.0%above the sector's middle half▲ 22.5pp80.3%above the sector's middle half▼ 6.7pp50.0%within the sector's middle half▼ 30.4pp33.0%within the sector's middle half▼ 16.9pp53.7%within the sector's middle half▲ 20.7pp
Current ratio10.47-2.16▼ 8.312.60within the sector's middle half▲ 0.447.08above the sector's middle half▲ 4.474.89above the sector's middle half▼ 2.191.73within the sector's middle half▼ 3.161.45within the sector's middle half▼ 0.282.14within the sector's middle half▲ 0.70
Return on assets (ROA)34.2%-23.5%▼ 10.7pp10.5%within the sector's middle half▼ 13.0pp-9.1%below the sector's middle half▼ 19.6pp13.4%within the sector's middle half▲ 22.6pp-17.1%below the sector's middle half▼ 30.5pp12.0%within the sector's middle half▲ 29.0pp13.2%within the sector's middle half▲ 1.3pp
above
within
below
The sector band is the middle half of the companies in Manufacture of computer, electronic and optical products (NACE 26). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 3% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €122,904
Fixed assets
€1,069 ▼ 77.5%
Current assets
€121,835 ▼ 16.5%
Equity and liabilities €122,904
Equity
€66,056 ▲ 32.7%
Debt
€56,847 ▼ 43.6%
Debt's share of the balance-sheet total falls from 67.0% to 46.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€25,366▲
2024 · €24,801
Cash flow
€19,952▼
2024 · €21,801
Debt to equity
0.86▼
2024 · 2.03
ROE
24.6%▼
2024 · 36.2%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€56,847▼
2024 · €100,850
Income taxes
€6,099▲
2024 · €2,920
Staff costs
€1,229=
2024 · €1,229
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €10,000 | - | - |
| Depreciation and write-downs of the year | €1,267 | €1,267 | €3,521 | €3,792 | €3,674 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 to 2024 · 2 entries · €9,083 awarded · €9,083 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €9,000 | €9,000 |
| 2023 | 1 | €83 | €83 |
European Union, budget
2024 · 1 entry · €176,976 in totalProjects
LIFE23-ENV-BE-LIFE PFASTER - PFAS SYSTEMIC REGIONAL APPROACH TO ASSESS SPATIAL DISTRIBUTION, TRANSFER, EXPOSURE AND REMEDIATION OF WIDESPREAD POLLUTION IN WILLEBROEK, FLANDERS
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €819 | €819 | €1,229 | €1,229 | €1,229 | = |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €635 | €763 | €1,267 | €1,267 | €3,521 | €3,792 | €3,674 | ▼ 3.1% |
| Other operating charges640/8 | - | - | - | €173 | €224 | €177 | €248 | €317 | ▲ 27.6% |
| Gross operating margin9900 | €7,793 | €21,513 | €10,520 | -€1,404 | €11,285 | -€5,874 | €26,278 | €26,912 | ▲ 2.4% |
| Operating profit (loss)9901 | €7,626 | €19,790 | €8,766 | -€3,663 | €8,974 | -€10,801 | €21,009 | €21,691 | ▲ 3.2% |
| Financial income75/76B | - | - | - | - | - | - | - | €773 | - |
| Recurring financial income75 | - | - | - | - | - | - | - | €773 | - |
| Financial charges65/66B | - | - | - | €69 | €63 | €68 | €80 | €88 | ▲ 10.6% |
| Recurring financial charges65 | €29 | €77 | €61 | €69 | €63 | €68 | €80 | €88 | ▲ 10.6% |
| Profit (loss) for the period before taxes9903 | €7,597 | €19,712 | €8,705 | -€3,732 | €8,912 | -€10,869 | €20,929 | €22,376 | ▲ 6.9% |
| Income taxes67/77 | €1,317 | €5,871 | €2,331 | - | €1,775 | - | €2,920 | €6,099 | ▲ 109% |
| Profit (loss) for the period9904 | €6,281 | €13,841 | €6,373 | -€3,732 | €7,137 | -€10,869 | €18,009 | €16,277 | ▼ 9.6% |
| Profit (loss) for the period to be appropriated9905 | €6,281 | €13,841 | €6,373 | -€3,732 | €7,137 | -€10,869 | €18,009 | €16,277 | ▼ 9.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €18,390 | €58,940 | €60,829 | €40,797 | €53,073 | €63,592 | €150,629 | €122,904 | ▼ 18.4% |
| Fixed assets21/28 | - | €2,539 | €4,590 | €3,323 | €2,056 | €8,535 | €4,743 | €1,069 | ▼ 77.5% |
| Tangible fixed assets22/27 | - | €2,539 | €4,590 | €3,323 | €2,056 | €8,535 | €4,743 | €1,069 | ▼ 77.5% |
| Plant, machinery and equipment23 | - | - | - | €2,987 | €1,894 | €800 | €341 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €336 | €163 | €7,735 | €4,402 | €1,069 | ▼ 75.7% |
| Current assets29/58 | €18,390 | €56,401 | €56,239 | €37,474 | €51,017 | €55,057 | €145,886 | €121,835 | ▼ 16.5% |
| Amounts receivable within one year40/41 | €518 | €27,758 | €18,285 | €5,870 | €24,278 | €10,829 | €2,720 | €78,257 | ▲ 29× |
| Trade receivables40 | - | - | - | €150 | €15,333 | - | - | €75,538 | - |
| Other amounts receivable41 | - | - | - | €5,720 | €8,945 | €10,829 | €2,720 | €2,720 | = |
| Current investments50/53 | - | - | - | - | - | - | €60,000 | - | - |
| Cash at bank and in hand54/58 | €17,872 | €28,643 | €37,954 | €31,604 | €26,739 | €44,228 | €83,167 | €43,578 | ▼ 47.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €18,390 | €58,940 | €60,829 | €40,797 | €53,073 | €63,592 | €150,629 | €122,904 | ▼ 18.4% |
| Equity10/15 | €16,633 | €32,861 | €39,235 | €35,503 | €42,639 | €31,770 | €49,779 | €66,056 | ▲ 32.7% |
| Contributions10/11 | €13,860 | €16,247 | - | €16,247 | €16,247 | €16,247 | €16,247 | €16,247 | = |
| Profit (loss) carried forward14 | €2,773 | €16,614 | €22,988 | €19,256 | €26,392 | €15,523 | €33,532 | €49,809 | ▲ 48.5% |
| Amounts payable17/49 | €1,756 | €26,079 | €21,595 | €5,294 | €10,434 | €31,823 | €100,850 | €56,847 | ▼ 43.6% |
| Amounts payable within one year42/48 | €1,756 | €26,079 | €21,595 | €5,294 | €10,434 | €31,823 | €100,850 | €56,847 | ▼ 43.6% |
| Trade debts44 | - | €25,742 | €20,851 | €3,824 | €6,369 | €24,514 | €91,492 | €42,171 | ▼ 53.9% |
| Suppliers440/4 | - | - | - | €3,824 | €6,369 | €24,514 | €91,492 | €42,171 | ▼ 53.9% |
| Taxes, remuneration and social security45 | - | - | - | €716 | €3,280 | - | €3,822 | €9,471 | ▲ 148% |
| Taxes450/3 | - | - | - | €716 | €3,280 | - | €3,822 | €9,471 | ▲ 148% |
| Other amounts payable47/48 | - | - | - | €754 | €785 | €7,309 | €5,536 | €5,205 | ▼ 6.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,281 | €13,841 | €6,373 | -€3,732 | €7,137 | -€10,869 | €18,009 | €16,277 | ▼ 9.6% |
| + Depreciation and write-downs630 | - | €635 | €763 | €1,267 | €1,267 | €3,521 | €3,792 | €3,674 | ▼ 3.1% |
| Operating cash flow (approximation) | €6,281 | €14,476 | €7,136 | -€2,465 | €8,403 | -€7,348 | €21,801 | €19,952 | ▼ 8.5% |
| Investment in fixed assets (approximation) | - | - | -€2,814 | €0 | €0 | -€10,000 | €0 | €0 | - |
| Change in cash | - | €10,771 | €9,311 | -€6,350 | -€4,866 | €17,489 | €38,939 | -€39,589 | - |
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, 34,693 companies had the same profile as bio2clean has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of bio2clean itself: < 0.1% within 12 months.
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 34,693 companies, not a prediction for bio2clean. 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 (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 24-08-2026 | 2026-00429941 | |
| 31-12-2024 | micro format | 27-08-2025 | 2025-00443395 | |
| 31-12-2023 | micro format | 12-08-2024 | 2024-00345783 | |
| 31-12-2022 | micro format | 23-08-2023 | 2023-00355336 | |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20352923 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-59200027 | |
| 31-12-2019 | micro format | 26-10-2020 | 2020-63300585 | |
| 31-12-2018 | micro format | 27-08-2019 | 2019-52600513 | |
| 31-12-2017 | micro format | 14-08-2018 | 2018-45700444 | |
| 31-12-2016 | abbreviated format | 16-08-2017 | 2017-44600439 |