Equity
BioLizard has made a profit without a break since 2020.
BioLizard has made a profit without a break since 2020.
The result rose in 2025 from €227,065 to €324,234.
Green is investment, beige is depreciation.
In 2025, 13 people joined and 9 left.
The last five annual accounts were filed 9 to 34 days before the end of the period.
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).
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).
In July 2024, 6,782 companies had the same profile as BioLizard has now. Each dot stands for 17 companies, two years later.
That fits the bankruptcy probability of BioLizard itself: 0.1% within 12 months.
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.
| 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.
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.
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.
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.
Shares in 2 companies, Biolizard and Digital Health Hub Biopole
Board & ownership| 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.
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.
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