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BioLizard

Active Public limited companyfounded 2018active for 7 yearsForeestelaan 88, 9000 GhentKBO/BCE: BE 0713.914.951 subsidiary of Novalis#5 company by staff growth in East Flanders, Research and development sector

Lifetime

7 annual accounts with figures on one time axis
peak €3.9m (2025)
€3.9m▲ 3.8%
lowest -€242,224 (2019)
€324,234▲ 42.8%
peak €3.7m (2025)
€3.7m▲ 23.1%
€1.5m▲ 25.6%
peak 34.2 FTE (2025)
34.2 FTE▲ 3.3%
Board6 names since 2018
2 directorsNOVALIS GENERAL PARTNERS and 1 other
Owners
consolidatesNovalis
Documentsfilings and deeds
03-07-202628 days before the deadline
2025financial year
Result from €227,065 to €324,234Equity from €3.0m to €3.7mDebts from €1.2m to €1.5mInvestments €723,250

Key points

from the 2025 annual accounts

Equity

€3.7m ▲ 23.1%

BioLizard has made a profit without a break since 2020.

Result

€324,234 ▲ 42.8%
€227,0002024€324,0002025

The result rose in 2025 from €227,065 to €324,234.

Investments

€406,566 1.6 × depreciation
20212022202320242025

Green is investment, beige is depreciation.

Staff

37 employees on 31-12-2025
1392021152202212320233020241392025

In 2025, 13 people joined and 9 left.

Filings

7 annual accounts since 2019
AprilJune31 JulyOctober202020222024

The last five annual accounts were filed 9 to 34 days before the end of the period.

Checked score

95
Excellent
Financially stronger than 61% of small companies in research and development (NACE 72)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 164 companies (NACE 72, small).

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

Last 24 months 12-2024: < 0.1%lowest value 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: 0.1%▲ +0.1 percentage points vs 06-2025 08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: 0.1%▲ +0.1 percentage points vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026highest value 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026

Financial strength
Strong

95+1equity 69.9% of total assets
63+1short-term debt 21.4% · cash 15.7%
53-22return on assets 6.2%

Score breakdown

raises risk
1 change of registered office in 24 months
lowers risk
Liquidity: current ratio 3.67, cash €827,397
Size: 34.2 FTE, total assets €5.3m
Sector: Scientific research and development (NACE 72)
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 72, small). It does better than 66% of them on solvency, 59% on liquidity, 48% on profitability and 71% 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, 6,782 companies had the same profile as BioLizard has now. Each dot stands for 17 companies, two years later.

96.7%
were still trading
2.7%
stopped another way
0.6%
went bankrupt
  • Small
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

That fits the bankruptcy probability of BioLizard itself: 0.1% 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 6,782 companies, not a prediction for BioLizard. 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 €340,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 3.67 (3.78 in 2024), above the usual 1.5. Short-term debt is 21.4% and cash 15.7% of total assets. 30.1% 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 · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Liquidity: current ratio 3.67, cash €827,397
NBB · annual accounts
lowers risk · Size: 34.2 FTE, total assets €5.3m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Sector: Scientific research and development (NACE 72)
KBO
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 03-07-2026, 28 days ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2025
28 days early
2024
29 days early
2023
9 days early
2022
27 days early
2021
34 days early
2020
8 days early
2019
23 days early
← 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 23 days before the deadline. In the sector (NACE 72), the median for financial year 2024 was 13 days before the deadline, and 32% 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 3 July (5 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
09-11-2026 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

CC
CEO, Liesbeth Ceelen
NG
NOVALIS GENERAL PARTNERS
Director, since 26-11-2019
EC
Effra Consult Ltd
Director, Caroline Vanovermeire

Shares in 2 companies, Biolizard and Digital Health Hub Biopole

Board & ownership

Recent changes

Registered office moved within Ghent New registered office: Foreestelaan 88 Bus 201, 9000 Gent · Previous registered office: Ottergemsesteenweg-Zuid 808 bus B511, 9000 Gent · Permanent representative: Vandenberghe Sander · General meeting of 25-02-2026 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0713914951
1 director appointed, 1 resignation Resignation: Noromid VOF · Permanent representatives: Gerben Menschaert, Caroline Vanovermeire and Liesbeth Ceelen · Appointment: Effra Consult Ltd · Gazette deed
Appointment: Ceelen Consultancy CommV (persoon belast met het dagelijks bestuur,genaamd chief executive officer ofwel ceo) Permanent representative: Liesbeth Ceelen · Gazette deed
All 22 events

Comparable companies

same main activity, similar in size and age
Company
BioLizard Ghent €5.3m €3.9m 69.9% 34.2
CLOUDS OF CARE Ghent €5.2m €2.2m 60.1% 31.6
Eastman Chemical Technology Ghent €5.2m €6.9m 11.8% 50.2
SENSY Charleroi €3.8m €2.6m 24.3% 38.3
EUROPEAN HEAT PUMP ASSOCIATION Brussels €4.3m €2.3m 15.3% 34.5
BYTEFLIES Antwerp €7.8m €3.1m -15.3% 24.6
EURO-MULTITEL Mons €5.0m €3.0m 23.8% 20.2

These companies have the same main activity as BioLizard: other research and development on natural sciences (NACE 72109). They are comparable in size and age: total assets between €3.8m and €7.8m, founded between 2014 and 2019.

Official details

Source: KBO
Status
Active since 26-11-2018Normal situation
Registered office
17 active companies are registered at this address4 started in the 12 months before. Source: KBO register, as of 9 November 2026.
Activity
Other research and development on natural sciencesNACE 72109and 3 others
Establishment unit
2.285.071.2639000 Ghent, since 26-11-2018
Financial year end
31 December
Peppol
Reachable since 02-10-2025
Company details

Annual accounts 2025

≈ €6.7mestimated
€5.3m▲ 22.4%
Employeeson 31-12-2025
37▲ 12.1%
Filing
Filed on 03-07-2026, 28 days before the end of the filing period
Financials

Insights on BioLizard

BioLizard has existed since 2018. In 2021 the gross margin rose from €424,738 to €1.2m and staff from 4.4 to 10.6 full-time equivalents.

Novalis holds 93% of the shares.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about BioLizard

What is the company number of BioLizard?
The company number of BioLizard is 0713.914.951. The VAT number is the same number with BE in front: BE 0713.914.951.
Where is BioLizard based?
The registered office is at Foreestelaan 88, 9000 Ghent.Company details
What does BioLizard do?
According to the KBO register, the main activity is other research and development on natural sciences (NACE 72109).
What is the legal form of BioLizard?
BioLizard is a public limited company (NV).
When was BioLizard founded?
BioLizard was founded on 26-11-2018.
Is BioLizard still active?
Yes, BioLizard is an active enterprise in the KBO register.
How many employees does BioLizard have?
BioLizard had an average of 34.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of BioLizard?
The turnover in financial year 2025 is ≈ €6.7m. This figure is estimated from the gross margin of €3.9m and 1,585 comparable companies of the same size. It probably lies between €4.6m and €11.0m. It is a rough estimate.
Is BioLizard profitable?
In financial year 2025, BioLizard made a profit of €324,234.
Where can I find the annual accounts of BioLizard?
BioLizard filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of BioLizard due?
BioLizard must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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