BioLogics
Open bankruptcyA bankruptcy procedure is open for BioLogics according to publications in the Belgian State Gazette; curator: BENNY GOOSSENS. The 2023 annual accounts show equity of €335k and a net result of €115k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 28-09-2024, 59 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
59 d late
2022
31 d late
2021
31 d late
2020
17 d early
2019
42 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€335k▲ 52.5%
2022 · €220k
2018: €17k
2019: €73k
2020: €93k
2021: €121k
2022: €220k
2018 → 2023
Total assets
€478k▲ 44.8%
2022 · €330k
2018: €21k
2019: €195k
2020: €137k
2021: €141k
2022: €330k
2018 → 2023
Net result
€115k▲ 17.1%
2022 · €98k
2018: €-4k
2019: €55k
2020: €20k
2021: €28k
2022: €98k
2018 → 2023
Working capital
€273k▲ 77.6%
2022 · €154k
2018: €17k
2019: €30k
2020: €48k
2021: €84k
2022: €154k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€73k-€93k▲ 27.9%€121k▲ 30.4%€220k▲ 81.3%€335k▲ 52.5%
Operating result€88k-€6k▼ 93.1%€7k▲ 19.8%€151k▲ 1,977%€172k▲ 13.8%
Net result€55k-€20k▼ 63.5%€28k▲ 39.6%€98k▲ 249%€115k▲ 17.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2020 the operating result has climbed three years in a row; 2023 is 14% above 2022 and is the highest year so far.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €478k
Fixed assets
€62k▼ 6.4%
Current assets
€417k▲ 57.6%
Equity and liabilities €478k
Equity
€335k▲ 52.5%
Debt
€144k▲ 29.5%
The debt ratio falls from 33.5% to 30.0%: equity grows faster than debt.
Key figures and ratios
EBITDA
€187k▲
2022 · €162k
Cash flow
€130k▲
2022 · €109k
Solvency
70.0%▲
2022 · 66.5%
Current ratio
2.91▲
2022 · 2.39
Quick ratio
2.91▲
2022 · 2.39
Debt / equity
0.43▼
2022 · 0.50
ROE
34.4%▼
2022 · 44.8%
ROA
24.1%▼
2022 · 29.8%
Interest coverage
47.27▼
2022 · 71.76
Debt
€144k▲
2022 · €111k
Debt ≤ 1 year
€143k▲
2022 · €110k
Income taxes
€65k▲
2022 · €55k
Staff costs
€195k▲
2022 · €141k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€330k€478k▲
Fixed assets21/28€66k€62k▼
Intangible fixed assets21€27k€22k▼
Tangible fixed assets22/27€39k€39k▲
Plant, machinery and equipment23€12k€18k▲
Furniture and vehicles24€28k€21k▼
Current assets29/58€264k€417k▲
Stocks and contracts in progress3€1k-
Stocks30/36€1k-
Amounts receivable within one year40/41€146k€244k▲
Other amounts receivable41€146k€244k▲
Cash at bank and in hand54/58€116k€164k▲
Deferred charges and accrued income490/1€1k€8k▲
Equity and liabilities
Total equity and liabilities10/49€330k€478k▲
Equity10/15€220k€335k▲
Contributions10/11€19k€19k=
Reserves13€200k€316k▲
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€198k€316k▲
Profit (loss) carried forward14€636€682▲
Amounts payable17/49€111k€144k▲
Amounts payable within one year42/48€110k€143k▲
Trade debts44€15k€76k▲
Suppliers440/4€15k€76k▲
Taxes, remuneration and social security45€95k€67k▼
Taxes450/3€74k€41k▼
Remuneration and social security454/9€21k€26k▲
Accrued charges and deferred income492/3€458€303▼
Income statement
Code20222023
Remuneration, social security and pensions62€141k€195k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€15k▲
Other operating charges640/8€6k€4k▼
Gross operating margin9900€308k€386k▲
Operating profit (loss)9901€151k€172k▲
Financial income75/76B€5k€12k▲
Recurring financial income75€5k€12k▲
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Profit (loss) for the period before taxes9903€154k€180k▲
Income taxes67/77€55k€65k▲
Profit (loss) for the period9904€98k€115k▲
Profit (loss) for the period to be appropriated9905€98k€115k▲
Appropriation of the result
Profit (loss) to be appropriated9906€99k€116k▲
Profit (loss) brought forward from the previous period14P€561€636▲
Transfer to equity691/2€98k€115k▲
To other reserves6921€98k€115k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-02
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · BIOLOGICS BV KORTRIJKSE- STEENWEG 102, 9830 SINT-MARTENS-LATEM · event 11-02-2025
2024
28-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 59 days late
2023
31-12
Financial
Highest result since 2018net €115k ▲17.1%
Operating result €172k, net result €115k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Equity above €200kEq €220k ▲81.3%
4 profitable years in a row build equity to €220k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 5.31
Current ratio from 2.10 to 5.31; short-term debt falls from €44k to €20k.
31-12
Financial
Equity above €100kEq €121k ▲30.4%
3 profitable years in a row build equity to €121k.
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
11-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 42 days late
2019
31-12
Financial
Back to profitnet €55k
Net result €55k after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
14-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
08-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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
Registered office, Sint-Martens-Latem · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kortrijksesteenweg 1029830 Sint-Martens-LatemGround area
1,803 m²
Parcel 44064B0217/00L000, Flanders. Linked by address, not a title deed.
1 establishment unit
Biologics
since 20192.284.242.706
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064B0217/00L000 | Flanders | 1,803 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | BENNY GOOSSENS TOLPOORTSTRAAT 145,
9800 DEINZE |
11-02-2025 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Martens-Latem2.284.242.706
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Of 344 companies in sector 28990 we hold annual accounts for 276. 193 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-06-2008
Fiscal year end31-12
Activities, NACEBEL
28990Manufacture of machinery and equipment not elsewhere classified
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.