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BIOFLEX

Active Private limited company (pre-2019)founded 2017active for 9 yearsBrusselsesteenweg 184, 9402 NinoveKBO/BCE: BE 0670.983.147
BIOFLEX
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Overview

Lifetime

9 annual accounts with figures on one time axis
peak €58,140 (2023)
€28,607▼ 8.8%
peak €9,954 (2020)
€9,314▲ 254%
peak €61,094 (2025)
€61,094▲ 18.0%
€49,457▼ 52.1%
Board3 names since 2020
- 
Documentsfilings and deeds
06-07-202625 days before the deadline
2025micro format
Result from €2,629 to €9,314Equity from €51,780 to €61,094Debts from €103,189 to €49,457

Key points

from the 2025 annual accounts

Equity

€61,094 ▲ 18.0%

BIOFLEX has made a profit in every financial year since 2017.

Liquidity

2.03 was 1.27 in 2024

Short-term debts fell from €103,189 to €49,457.

Filings

9 annual accounts 8 late
AprilJune31 JulyOctober20202025

The 2020 accounts came latest: 66 days after the end of the period.

Checked score

81
Excellent
Financially stronger than 46% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 1.9% 01-2025: 1.9%● unchanged vs 12-2024 02-2025: 1.9%● unchanged vs 01-2025 03-2025: 1.8%▼ -0.1 percentage points vs 02-2025 04-2025: 1.6%▼ -0.2 percentage points vs 03-2025 05-2025: 1.6%● unchanged vs 04-2025 06-2025: 1.5%▼ -0.1 percentage points vs 05-2025 07-2025: 1.5%● unchanged vs 06-2025 08-2025: 2.1%▲ +0.6 percentage points vs 07-2025 09-2025: 2.3%▲ +0.2 percentage points vs 08-2025highest value 10-2025: 2.3%● unchanged vs 09-2025highest value 11-2025: 2.3%● unchanged vs 10-2025highest value 12-2025: 2.3%● unchanged vs 11-2025highest value 01-2026: 2.3%● unchanged vs 12-2025highest value 02-2026: 2.3%● unchanged vs 01-2026highest value 03-2026: 2.3%● unchanged vs 02-2026highest value 04-2026: 2.3%● unchanged vs 03-2026 05-2026: 2.2%▼ -0.1 percentage points vs 04-2026 06-2026: 2.2%● unchanged vs 05-2026 07-2026: 2.2%● unchanged vs 06-2026 08-2026: 0.5%▼ -1.7 percentage points vs 07-2026lowest value 09-2026: 0.5%● unchanged vs 08-2026lowest value 10-2026: 0.5%● unchanged vs 09-2026lowest value 11-2026: 0.5%● unchanged vs 10-2026lowest value

Financial strength
Strong

80+22equity 55.3% of total assets
52+23short-term debt 44.7% · cash 19.0%
54+5return on assets 8.4%

Score breakdown

raises risk
Size: turnover €682,527, total assets €110,551
Sector: Specialised construction activities (NACE 43)
lowers risk
Liquidity: current ratio 2.03, cash €20,961
Equity €61,094 (55.3% of total assets)
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 43, micro). It does better than 60% of them on solvency, 47% on liquidity, 26% on profitability and 50% on growth.

The bankruptcy probability was computed on 09-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

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).

Comparable companies, two years later

In July 2024, 26,972 companies had the same profile as BIOFLEX has now. Each dot stands for 68 companies, two years later.

94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of BIOFLEX itself: 0.5% within 12 months.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 26,972 companies, not a prediction for BIOFLEX. 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.

Credit verdict

Credit of up to €4,500 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 2.03 (1.27 in 2024), above the usual 1.5. Short-term debt is 44.7% and cash 19% of total assets. 44.7% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Size: turnover €682,527, total assets €110,551
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Liquidity: current ratio 2.03, cash €20,961
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
lowers risk · Equity €61,094 (55.3% of total assets)
NBB · annual accounts
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 06-07-2026, 25 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
25 days early
2024
29 days late
2023
30 days late
2022
31 days late
2021
36 days late
2020
66 days late
2019
63 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 33 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

OK
Ostrowiecki Krystian
Managing director
  • Ostrowiecki Krystian 46 sharesdeed of 19-06-2024
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0670983147
Transfer of 46 shares from Ostrowiecka Marzena to Ostrowiecki Krystian Resignation: Ostrowiecka Marzena (managing director) · Appointment: Ostrowiecki Krystian (managing director) · General meeting of 31-03-2024 · Gazette deed
Appointment: Ostrowiecki Adam (technical director) Gazette deed
Transfer of 25 shares from PietuchLukasz to OstrowieckaMarzena General meeting of 29-09-2017 · Gazette deed
All 17 events

Comparable companies

same main activity, similar in size and age
Company
BIOFLEX Ninove €682,527 3.8% 55.3% -
DEGUBO Aalter - - 41.6% -
IMMOBAT CONSTRUCT Brussels - - 70.1% -
AD Boeykens Grimbergen €415,796 1.5% -24.8% -
AGILCO La Louvière - - 59.6% -
AK BESTRATING Dilsen-Stokkem - - 70.8% -
EURO RAPHA SERVICES Uccle €284,005 -0.6% 96.1% -
-10%0%10%20%€500,000€5m€50m€500mBIOFLEXEBIT margin

Grey: the largest companies of the sector (specialised construction (NACE 43)), without their names. Blue: the sector peers from the table.

These companies have the same main activity as BIOFLEX: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €100,000 and €139,000, founded between 2016 and 2017.

Official details

Source: KBO
Status
Active since 13-02-2017Normal situation
Activity
Other specialised construction activitiesNACE 43990
Establishment unit
2.266.132.9059402 Ninove, since 13-02-2017
Financial year end
31 December
Peppol
Reachable since 31-12-2025
Company details

Annual accounts 2025

€682,527▼ 9.9%
€9,314▲ 254%
€61,094▲ 18.0%
€110,551▼ 28.7%
Filing
Filed on 06-07-2026, 25 days before the end of the filing period
Financials

Insights on BIOFLEX

BIOFLEX files the micro format. That format states no turnover. The gross margin fell from €29,221 in 2017 to €28,607 in 2025.

The balance sheet grew most from 2020 to 2021 through fixed assets.

In June 2024, the Official Gazette published the appointment of Ostrowiecki Krystian as managing director.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 06-07-2026, 25 days before the deadline
€682,527
▼ 9.9%
€25,961
▲ 7.8%
€44,972
▼ 0.9%
€28,324
▲ 18.4%
55.3%
▲ 21.9 percentage points
2.03
▲ 0.76

Money flows

of every €100 of turnover, €1.36 remains as profit in 2025

Balance sheet

balance sheet total €110,551 on 31-12-2025
What the company ownsHow it is paid for

in euro

Position in the sector

Compare with sector

55.3%

Higher than 60% of 35,136 companies in 2025.

2.03

Higher than 55% of 34,510 companies in 2025.

8.4%

Higher than 54% of 34,711 companies in 2025.

BIOFLEX Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020201920182017
Balance sheet: assets
20/58 110,551154,969121,312117,402124,54983,79571,18386,91477,395
21/28 10,22624,17443,44640,61456,02434,03228,18521,03935,096
22/27 10,22624,17443,44640,31455,72433,73226,08520,73935,096
23 4,52423,24439,97326,66534,2187,6642,2006,4199,727
24 5,7029293,47313,65021,50626,06723,88514,32025,369
28 --03003003002,100300-
29/58 100,324130,79577,86676,78768,52549,76342,99865,87642,299
3 45,59462,5839,99110,66712,767----
30/36 45,59462,5839,99110,66712,767----
40/41 33,77066,71757,87565,42642,62336,17136,46263,79138,000
40 20,87955,71451,50344,80921,5002,88230,49243,60620,183
41 12,89111,0036,37220,61721,12233,2905,97020,18517,817
54/58 20,961-10,00069512,51813,5926,2011,4194,299
490/1 -1,495--618-335665-
Balance sheet: equity and liabilities
10/49 110,551154,969121,312117,402124,54983,79571,18386,91477,395
10/15 61,09451,78049,15140,30535,25132,03522,08121,08611,615
10/11 10,50010,50010,50010,50010,50010,50010,50010,5007,500
100 ------18,60018,60018,600
101 ------8,1008,10011,100
11 ---10,50010,500----
1109/19 ---10,50010,500----
13 6,8601,8601,8601,8601,8601,8601,8601,8601,860
130/1 1,8601,8601,8601,8601,8601,860---
130 ------1,8601,8601,860
1311 1,8601,8601,8601,8601,8601,860---
133 5,000--------
14 43,73439,42036,79127,94522,89119,6759,7218,7262,255
17/49 49,457103,18972,16177,09789,29851,76049,10265,82865,780
17 --83110,66723,8993,61212,39717,82527,636
170/4 --83110,66723,8993,61212,39717,82527,636
42/48 49,457103,18971,33066,43065,39948,14836,70548,00338,144
42 -6779,8369,5959,36017,74514,4439,8119,609
43 -16,1338,927------
430/8 -16,1338,927------
44 13,87449,09436,54439,32450,85822,96717,89735,13526,446
440/4 13,87449,09436,54439,32450,85822,96717,89735,13526,446
45 8,6304,69111,51015,4214,3447,4364,3653,0572,090
450/3 8,6304,6915,5362,8004,0447,0701,3652,4332,090
454/9 --5,97412,6223003663,000624-
47/48 26,95332,5934,5132,090838----
Income statement
70 682,527757,459--1.3m----
76A -1,280----7,774--
9900 28,60731,37658,14040,98838,25450,88834,41031,13229,221
60/61 645,786727,363--1.3m----
630 19,01121,30326,20622,39923,84017,04314,26418,26620,999
631/4 -19,496-15,5008,3672,100--2,722--
640/8 3,1321,5011,8803,5985,44115,30114,2558591,702
66A -----447-2,477-
9901 25,96124,07221,68812,8908,97318,0983,1709,5306,520
75/76B 188892331526-21407155
75 188892331526-21407155
65/66B 12,89712,53410,3378,1152,7622,4398811,101471
65 12,89712,53410,3378,1152,7622,4398811,101471
9903 13,25211,62711,5834,9286,21715,6592,3108,8366,205
67/77 3,9388,9982,7373,0733,0015,7051,3152,3652,090
9904 9,3142,6298,8471,8553,2159,9549956,4714,115
9905 9,3142,6298,8471,8553,2159,9549956,4714,115
Appropriation of the result
9906 48,73439,42036,79127,94522,89119,6759,7218,7264,115
14P 39,42036,79127,94526,09019,675----
691/2 5,000-------1,860
6920 --------1,860
6921 5,000--------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 06-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 06-07-2026 2026-00255146 PDF
31-12-2024 full format 29-08-2025 2025-00437654 PDF
31-12-2023 full format 30-08-2024 2024-00427093 PDF
31-12-2022 micro format 31-08-2023 2023-00394284 PDF
31-12-2021 full format 05-09-2022 2022-20424757 PDF
31-12-2020 abbreviated format 05-10-2021 2021-71200112 PDF
31-12-2019 abbreviated format 02-10-2020 2020-58200559 PDF
31-12-2018 full format 31-08-2019 2019-61700408 PDF
31-12-2017 full format 25-09-2018 2018-64400132 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020201920182017
44,97245,37547,89435,29032,81335,14117,43427,79627,519
28,32423,93235,05224,25427,05526,99715,25924,73725,114
7,1122,04929,3386,87045,83225,13625,7367,18556,095
--9,305-11,823-1,0747,3914,782-2,880-
50,86827,6076,53610,3583,1261,6156,29317,8734,155
3.8%3.2%--0.7%----
55.3%33.4%40.5%34.3%28.3%38.2%31.0%24.3%15.0%
2.031.271.091.161.051.031.171.371.11
1.110.660.951.000.851.031.171.371.11
0.811.991.471.912.531.622.223.125.66
15.2%5.1%18.0%4.6%9.1%31.1%4.5%30.7%35.4%
8.4%1.7%7.3%1.6%2.6%11.9%1.4%7.4%5.3%
3.493.624.634.3511.88----
11 days27 days--6 days----
8 days25 days--15 days----

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€7,112€2,049€29,338€6,870€45,832
€19,011€21,303€26,206€22,399€23,840

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on BIOFLEX

The operating result for 2025 is 8% higher than in 2024 and the highest since 2017. It is the fourth rise in a row, after the fall in 2021.

Debt's share of the balance-sheet total falls from 66.6% to 44.7%. Equity is higher and debt is lower.

Board & ownership

Board

1 office holder, last change in 2024
Ostrowiecki Krystian
Managing director
appointed by deed of 19-06-2024
Ostrowiecki Krystian

Office holders in the KBO →

Mandates through the years

3 names, the dashed line is today
Ostrowiecki Krystian
Managing director
Ostrowiecka Marzena
Managing director
Ostrowiecki Adam
Technical director
LeadershipEarliermandate already running before its first mentionend not dated
Mandates as a list
  • Ostrowiecki Krystian
    • Managing director, appointed by deed of 19-06-2024, still in office
  • Ostrowiecka Marzena
    • Managing director, until 19-06-2024
  • Ostrowiecki Adam
    • Technical director, appointed by deed of 09-03-2020, last mentioned in 2020

See the board, name and registered office on a given date →

Control

Shares transferred to
Ostrowiecki Krystian
This company
BIOFLEX
Equity €61,094
Profit €9,314 in 2025

Capital

Contribution
€10,500
Source
2025 annual accounts

Shareholders

Share transfer deed of 19-06-2024 ↗

Network & group

No group

BIOFLEX has no parent and no holdings in its annual accounts. BIOFLEX shares no director with another company.

Timeline

Timeline

17 events since 2017

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 25 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0670983147
Annual accounts 2024 filed PDFfull format · 29 days late
2024
Annual accounts 2023 filed PDFfull format · 30 days late
Transfer of 46 shares from Ostrowiecka Marzena to Ostrowiecki KrystianResignation: Ostrowiecka Marzena (managing director) · Appointment: Ostrowiecki Krystian (managing director) · General meeting of 31-03-20244 points ▸

Open the deed in the Belgian Official Gazette

2023
Annual accounts 2022 filed PDFmicro format · 31 days late
2022
Annual accounts 2021 filed PDFfull format · 36 days late
2021
Annual accounts 2020 filed PDFabbreviated format · 66 days late
2020
Highest result from 2017 to 2025 net €9,954 ▲900% The net result of €9,954 is the highest of those years.
Annual accounts 2019 filed PDFabbreviated format · 63 days late
Appointment: Ostrowiecki Adam (technical director)1 point ▸
  • Director appointment, Ostrowiecki Adam (technical director)
  • The deed holds 5 more points.

Open the deed in the Belgian Official Gazette

2019
Weakest financial year net €995 ▼84.6% The net result drops to €995, the lowest from 2017 to 2025. It recovers the following year.
Annual accounts 2018 filed PDFfull format · 31 days late
2018
Annual accounts 2017 filed PDFfull format · 56 days late
Transfer of 25 shares from PietuchLukasz to OstrowieckaMarzenaGeneral meeting of 29-09-20172 points ▸
  • General meeting, 29-09-2017
  • Share transfer, PietuchLukasz → OstrowieckaMarzena, 25 shares
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

2017
Incorporation PDFpublished on 15-02-2017
First establishment Brusselsesteenweg 184, Ninove

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

BIOFLEX was incorporated on 13 February 2017.1 Turnover fell from €1.3m in 2021 to €682,527 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2021 and 2025

Company details

Identity

Enterprise number
0670.983.147
VAT number
BE 0670.983.147
Peppol ID
0208:0670983147
Other Peppol ID
9925:BE0670983147
Legal form
Private limited company (pre-2019)
Status
Active, normal situation
Founded
13-02-2017
Financial year
ends on 31 December
Peppol
Reachable since 31-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
BIOFLEX in Dutch
Entity type
Legal entity

Activities

NACEBEL 2025
43990 Other specialised construction activities main activity
Codes under NACEBEL 2008
43999 Specialised construction activities main activity

Registered office and establishments

1 establishment
Establishment Since Unit number
Brusselsesteenweg 184 registered office 9402 Ninove 39000 Remediation activities and other waste management service activities 13-02-2017 2.266.132.905

Buildings and parcels at the address

Ground area
230 m²
Buildings
83 m²
Volume, LiDAR
391 m³
Tallest building
8.8 m
Buildings to scale, each on its own parcel
83 m², 8.8 m 83 m², 8.8 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
41038A0042/00Y004230 m² 1 · 83 m² 8.8 m · 1

Recognitions

Recognised contractor

12 categories
BIOFLEX BVapproval number 45030
  • C General road works contractsclass 1, up to €162,000
  • C1 Ordinary sewer worksclass 1, up to €162,000
  • D General building contractsclass 1, up to €162,000
  • D1 All shell construction and roofing-in of buildingsclass 1, up to €162,000
  • F1 Assembly and dismantling (without supplies)class 1, up to €162,000
  • F2 Steel load-bearing structuresclass 1, up to €162,000
  • G General earthworks contractsclass 1, up to €162,000
  • K2 Handling and lifting equipment (cranes and overhead cranes)class 1, up to €162,000
Show all 12 categories
  • P1 Electrical installations in buildings, with fire and burglar alarms and telecomsclass 1, up to €162,000
  • P2 Electrical and electromechanical installations of structures and industry, outdoor installationsclass 1, up to €162,000
  • T3 Refrigeration equipmentclass 1, up to €162,000
  • T4 Laundry and large-kitchen equipmentclass 1, up to €162,000
decision 08-05-2025

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 0670.983.147

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